Jul. 1 at 3:08 PM
$GSIT
Yeah, just like the last 10 years... vaporware exciting...
That's what insiders want from you: to keep holding this worthless garbage while they dump on you.
While the company incurs
$13 million in annual losses.
Bottom line is they don't have any competitive product, and to produce the Plato chip they would need
$200+ million they don't have. Guess what that means: either massive dilution or liquidation.
See for yourself below: nobody was interested in partnering with them, so they finally declared they would go solo, while at the same time saying they don't have enough money
Oh, and for what? The Plato narrative is a recognition that Gemini-2 had already been a complete failure. Hordes of investors over all these years were wiped out for
$175M of equity for nothing. Gone to waste
It's all bullshit. Plato is bullshit, as they pretend it to be another SRAM-based CIM, which is so dumb it reveals that Plato is just another narrative device to keep scamming clueless investors
