peony
Equity Investor & Researcher
3D Systems' dilutive raise breaks the thesis that, with its large shelf cleared, the stock could run without further dilution. The company appears to already have enough money to pay off all its debt, yet it is diluting about 10% of the company; facility expansion shouldn't need anywhere near $40 million. The raise looks like an attempt to take advantage of the stock's 50% jump. x.comÂ
3D Systems looks mispriced against Velo3D. Excluding divestitures it grows about 10% a year at roughly break-even, numbers better than Velo3D's at about one-tenth the valuation, and it has roughly twice Velo3D's aerospace revenue despite fintwit sentiment suggesting otherwise. In 2025 it delivered double-digit growth in personalized health services and aerospace and defense. With about 30% short interest, the stock could jump roughly 50% on volume. x.com x.com x.com x.comÂ
SoFi's egregious dilution means business growth may fail to benefit existing shareholders. Its share count rose 61% over five years, reducing an original 1% stake to about 0.6%; even 61% earnings growth could leave earnings per share flat. As a bank, SoFi is already practically uninvestable by these standards, though dilution need not destroy value if the capital raised creates more value than the ownership surrendered. x.comÂ
CoreWeave's future financing could become much more costly, limiting what its growth earns for shareholders. Its 9.625% bonds now yield about 15%; that does not change interest on existing debt, but new borrowing for GPUs and data centers could cost more, while issuing shares instead could dilute owners. Large customer commitments are not cash or guaranteed profit. This is a financing risk, not a bankruptcy prediction or proof that the stock is a bad investment. x.com x.comÂ
Ondas's share-funded acquisitions look very risky without a strong core business to make them work. It has raised $1.8B selling shares, yet roughly $1.4B sits in cash and short-term investments. One customer provides 55% of revenue, and $252M plus $742M in stock spent on acquisitions has not produced big revenue; continued raises and management pay add to the concern. x.comÂ
WFF's $612.4 million valuation looks vulnerable after its 559% surge: recent F-3 and 424B5 filings pose dilution risk. x.comÂ
POET Technologies' new $400 million registered direct offering is clearly negative for shareholders because it dilutes them by about 20%. It issues about 19.05 million shares to a single institution, roughly 11% dilution, plus three-year warrants for as many more shares at $26.15. POET says the proceeds will fund capacity, acquisitions and R&D; it is unclear whether this ties to its major Lumilens contract, and new customers will matter. x.comÂ
CoreWeave could avoid collapse by continually tapping its $30 billion equity cushion for capital, but that would not make it worth owning. It is a 'shitco,' though things are fine for now. x.com x.comÂ
POET Technologies will likely dilute shareholders soon because it desperately needs to raise cash. That comes after an 80% three-day rally sparked by its CTO confirming an order from Celestial AI. x.comÂ
IonQ is hurting shareholders with a $2B raise to fund an acquisition that makes its business worse. Raising the money was a choice, not a necessity. The offering includes 20.5M common shares at $40 each and pre-funded warrants to purchase 29.5M shares at $40 per warrant, plus seven-year warrants for another 100M shares at $69.46. x.com x.comÂ
Ondas has no revenue of its own outside acquired companies, and further buyouts will dilute shareholders. Its 44% short float signals that the market has little faith in it. Shares are headed below $5 and back to penny-stock status before the company performs in the long run. x.com x.com x.com x.com x.comÂ
WhiteFiber's ability to fund its ramp without dilution was the key test for the stock, and a convertible announcement worth about a quarter of its market cap, flagged by @OG_PViews, cuts against it. Signed contracts help, including a ten-year, $865M NC-1 deal and a $160M Paris deployment, and retrofit builds cost up to 40% less than greenfield. But access to capital is the main hurdle, with a $100M term loan from majority owner Bit Digital, and AI managements tend to dilute given heavy capex. … Show more
