Jul. 2 at 5:12 PM
$TOYO I think the initial price drop was really related to the financing terms. After that, the market started dwelling on the negatives, such as the potential DOC case. With fear setting in, investors may have started allowing price to inform them on value.
Either that, or risk appetite just went away here. This is high risk, without a doubt. But it fits as part of a portfolio of well-considered risks. There's a very real downside threat, but there's also a very clear path to a share price in the 30s or 40s or higher within a year or two, and that's not a longshot scenario at all. It's all about weighting the likelihood of those possibilities, and not over relying on any one situation to play out.
