/biz/ - Business & Finance

Anonymous Fri, Sep 16, 2022 20:35:15 No.51474679 [View]
File: 237 KB, 1087x785, 1660676622640862.jpg [View same] [iqdb] [saucenao] [google]

LOCL is a good short. Has puts too (illiquid asf).

LOCL/Local Bounti’s Q2/22 results filed last month. Should go to $2 eventually.

Expect a significantly dilutive equity issuance in Q4/22E-Q1/23E

> Liquidity of $83m remaining

>Burning $25-30m FCF/qrtr
>Limited financing options

>Equity issuance will price at a wide discount (we estimate 8-10%)

> New language in LOCL 10-Q filed last month: [pic related]

Basically its a company that sells agricultural products like lettuce, and they are in debt, and don't have enough cash on hand to pay that debt. So they gotta dilute to raise cash to service the debt. Simple.

Anonymous Fri, Aug 19, 2022 02:27:56 No.50985307 [View]
File: 237 KB, 1087x785, 1660676622640862.jpg [View same] [iqdb] [saucenao] [google]

LOCL is a good short. Has puts too (illiquid asf).

LOCL/Local Bounti’s Q2/22 results filed yesterday. Should go to $2 eventually.
Expect a significantly dilutive equity issuance in Q4/22E-Q1/23E

> Liquidity of $83m remaining

>Burning $25-30m FCF/qrtr
>Limited financing options

>Equity issuance will price at a wide discount (we estimate 8-10%)

> New language in LOCL 10-Q filed few nights ago: [pic related]

Put options are very illiquid so a lot of edge is removed there but it can capture enough gains on this pump in recent weeks

>>	Anonymous Tue, Aug 16, 2022 22:12:21 No.50944996 [View] File: 237 KB, 1087x785, 1660676622640862.jpg [View same] [iqdb] [saucenao] [google] >>50944970 Forgot pic >>50944964 >stopped Stopped reading there

Anonymous Tue, Aug 16, 2022 22:09:04 No.50944952 [DELETED]

[View]
File: 237 KB, 1087x785, 1660676622640862.jpg [View same] [iqdb] [saucenao] [google]

LOCL is a good short. Has puts too (illiquid asf).

LOCL/Local Bounti’s Q2/22 results filed yesterday. Should go to $2 eventually.
Expect a significantly dilutive equity issuance in Q4/22E-Q1/23E

> Liquidity of $83m remaining

>Burning $25-30m FCF/qrtr
>Limited financing options

>Equity issuance will price at a wide discount (we estimate 8-10%)

> New language in LOCL 10-Q filed last night: [pic related]

Put options are very illiquid so a lot of edge is removed there but it can capture enough gains on this pump

Anonymous Tue, Aug 16, 2022 19:03:42 No.50941976 [View]
File: 237 KB, 1087x785, locl .jpg [View same] [iqdb] [saucenao] [google]

LOCL is a good short. Has puts too (illiquid asf).

LOCL/Local Bounti’s Q2/22 results filed yesterday. Should go to $2 eventually.
Expect a significantly dilutive equity issuance in Q4/22E-Q1/23E

> Liquidity of $83m remaining

>Burning $25-30m FCF/qrtr
>Limited financing options

>Equity issuance will price at a wide discount (we estimate 8-10%)

> New language in LOCL 10-Q filed last night: [pic related]

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/biz/ - Business & Finance

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