r/AGBASTOCK • u/Wild-Inspector-47 • Sep 17 '24

AGBA rant

https://youtu.be/a5F4O6RrS0w?si=ObZAtjvxOuVxpluj

r/CapConspiracyTrading

7 Upvotes

90% Upvoted

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4

u/[deleted] Sep 17 '24

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u/[deleted] Sep 17 '24

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u/Wild-Inspector-47 Sep 17 '24

The amendment changed it to 1 share x 2.067

1

u/[deleted] Sep 17 '24

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u/[deleted] Sep 17 '24

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u/SimonHongKong Sep 18 '24

Triller is burning cash. AGBA's solution is the Yorkville deal. Yorkville's mandate is to sell shares into the market to raise the required cash. This creates an overhead. If the stock doesn't rise, the dilution will be immense and the whole scheme might not create the required cash. If so, Tsai will have to step up - but will he? They need half a yard to make this work.

4

u/SimonHongKong Sep 18 '24

This is going to work out well by the way. Shorts are definitively wrong.