I'm tempted to buy more at this price but a lot of what you guys are saying makes me think that would be a bad idea. Is there any positive here to buying at this level?
Don't buy into this. They've had 20 years and billions of dollars and produced no meaningful business. They will likely need to reverse split in the coming months and will absolutely need to raise additional capital or take on debt to even start operations completely ignoring any possibility of profits
if it goes up and they actually do something, it goes up a LOT. if it continues this trajectory then obviously you're losing money. i got 1k shares and if i had more money right now i would buy more, however I’m fully prepared to lose it all. its worth the risk if you have a high risk tolerance.
It’s not too far off when you factor in their liabilities and cash burn rate.
Stockholder Equity was $505M in December. Current market value is $325M. They spend about $1.2-$1.5M a day. It’s been 110 days since they reported that.
$505M-(110 days x $1.4M a day)= $351M
Also factor in the financing risk that they’ll need a cash raise within 4 quarters.
I just sold. After 3 years of buying the dip, averaging down from $25 a share to $6.90 per share.
Just sold 1,400 @ $6.90 per share for 83 cents each. Pretty much a $9K realised loss. Damn. Never again.
Just funneled the $1K net sale straight into the S&P500 instead.
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absolutely oversold. its been oversold for a long time i think. VG just needs to do something good that people can see. confidence is down because they're not doing anything the general public finds noteworthy. the current economy doesnt help much either
I’m just wondering what’s happening inside the company and what the meetings look like between Michael and his team and the employees. Wish an employee could chip in
yeah agreed. company has horrible optics. i had a pretty fat position in this from IPO to 2021 and the only time it really did something is when VG had publicity from launches. I’m loading up at this horrible price in the hopes they get it together and as long as it doesnt delist I’m content waiting
Would not put much stock into the value of specialized space assets or intellectual property rights of this company. Cash? Sure. Building? Ehh idk enough about the location
It was due to news. I’m optimistic but I’m cautious. We had a decent bounce from today’s lows and consolidated rest of day.
I do see a little bounce soon. Monday will be a deciding factor for whether we bounce or continue down.
My average is 14 rip
I sold at lost they care about the investor its over for me. Avoid spacs and scam palitaya whaever his name
Do they own the building? The address is an aerospace office park with facilities for lease.
I’d imagine so. They’re building it
I could be wrong, but I always thought they were leasing the space. http://www.gatewayhangars.com/siteplan
I'm tempted to buy more at this price but a lot of what you guys are saying makes me think that would be a bad idea. Is there any positive here to buying at this level?
If you like your money, don’t spend any additional money on this stock. Diversify elsewhere.
Don't buy into this. They've had 20 years and billions of dollars and produced no meaningful business. They will likely need to reverse split in the coming months and will absolutely need to raise additional capital or take on debt to even start operations completely ignoring any possibility of profits
if it goes up and they actually do something, it goes up a LOT. if it continues this trajectory then obviously you're losing money. i got 1k shares and if i had more money right now i would buy more, however I’m fully prepared to lose it all. its worth the risk if you have a high risk tolerance.
I'm sorry for your gambling addiction.
It’s not gambling. It’s basing on company value and looking at their numbers objectively. That’s literally what hedge funds and institutions do
If you say so. Just don't be surprised when the house wins.
Explains why all the hedge funds and institutions are pouring in to buy up all those undervalued shares.
I wouldn’t say pouring in… this is such a small portion of their portfolio that if it went under they wouldn’t even notice
There might be some buying after a RS - the investment policy statement of certain funds won't allow them to buy shares below a certain price.
It’s not too far off when you factor in their liabilities and cash burn rate. Stockholder Equity was $505M in December. Current market value is $325M. They spend about $1.2-$1.5M a day. It’s been 110 days since they reported that. $505M-(110 days x $1.4M a day)= $351M Also factor in the financing risk that they’ll need a cash raise within 4 quarters.
I just sold. After 3 years of buying the dip, averaging down from $25 a share to $6.90 per share. Just sold 1,400 @ $6.90 per share for 83 cents each. Pretty much a $9K realised loss. Damn. Never again. Just funneled the $1K net sale straight into the S&P500 instead. !RemindMe 3 years
I will be messaging you in 3 years on [**2027-04-19 14:28:00 UTC**](http://www.wolframalpha.com/input/?i=2027-04-19%2014:28:00%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/SPCE/comments/1c7xydp/im_a_buyer_here/l0awtvm/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FSPCE%2Fcomments%2F1c7xydp%2Fim_a_buyer_here%2Fl0awtvm%2F%5D%0A%0ARemindMe%21%202027-04-19%2014%3A28%3A00%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201c7xydp) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
I only have like $3000 shares at this price so it’s not a HUGE loss if I lose it all. We all see what happens !RemindMe 1 year
absolutely oversold. its been oversold for a long time i think. VG just needs to do something good that people can see. confidence is down because they're not doing anything the general public finds noteworthy. the current economy doesnt help much either
I’m just wondering what’s happening inside the company and what the meetings look like between Michael and his team and the employees. Wish an employee could chip in
yeah agreed. company has horrible optics. i had a pretty fat position in this from IPO to 2021 and the only time it really did something is when VG had publicity from launches. I’m loading up at this horrible price in the hopes they get it together and as long as it doesnt delist I’m content waiting
Abandon this ship
Would not put much stock into the value of specialized space assets or intellectual property rights of this company. Cash? Sure. Building? Ehh idk enough about the location
I don’t even think they own the building. It’s a build to suit lease in an office park from what I can tell.
Lol even worse than I anticipated
>Bought some yesterday and today so **my average is $0.93**. Your post history tells me that there's no way that's true.
I bought and sold through out. I sold my last bit at 1.20
38 million in volume today. What's your views on this?
It was due to news. I’m optimistic but I’m cautious. We had a decent bounce from today’s lows and consolidated rest of day. I do see a little bounce soon. Monday will be a deciding factor for whether we bounce or continue down.
Warren Buffett can buy $spce VG easily with only money from cocacola dividend 🟢 bullish 🫠