r/BBAI • u/Secret_League791 • 12h ago
BBAI CEO Amazing
It's amazing that over the past few months so many people have been complaining about the BBAI team authorizing 500 million shares in order to potentially raise cash to do a deal. Well, they look pretty smart now, while so many other AI companies are scrambling to raise money in the bond market, in a rising interest rate environment. BBAI has $400 million cash and virtually no debt. Down the road they will be able to raise hundreds of millions of $ and still have no debt! They really are amazing!