Lower prices are much better for new investors. If I'm looking to invest 10000 USD I would prefer to receive a larger amount of stake for that investment than a smaller. I would also prefer more available upside relative to my fixed (10000 USD) downside. At the earlier 400 million USD market cap the upside was much more limited than it is now (though 100 million USD is still no bargain basement price). That naturally invites more demand from investors who don't want to buy in at an inflated valuation.
You are viewing a single comment's thread from: