Fantastic article. I listened to the podcast and I was about to work out the numbers to see it made sense. It seems like public shareholders of the current SSNT have very little stake in QXO's enterprise.. Hopefully the valuations can adjust and make more sense in the future.
Does your analysis above factor in the increase in share count outside of the reverse split? I think the warrants are so far in the money and the implied valuation of QXO seems too high to right.
Fantastic article. I listened to the podcast and I was about to work out the numbers to see it made sense. It seems like public shareholders of the current SSNT have very little stake in QXO's enterprise.. Hopefully the valuations can adjust and make more sense in the future.
If by increase in share count you are referring to in-the-money warrants, yes the analysis does factor it in.
Does your analysis above factor in the increase in share count outside of the reverse split? I think the warrants are so far in the money and the implied valuation of QXO seems too high to right.