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Jack Prescott
@JackPrescottX
Long term investor | Sharing research, news, & memes $PLTR $ABCL | Seeking exceptional companies
加入 October 2023
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I notice people talking about $DNA more all of a sudden. I assume the stock going up and general excitement is related to the Anthropic news. I understand the speculation and do think the company is interesting. Especially with Shyam on the board, I wish them great success. However, people considering investing should consider the fact that the company better start generating a lot more revenue within the next couple of years or else they’re cooked. No real revenue growth soon and the company either severely dilutes shareholders on hype from the stock or they go bankrupt.. IMO. Runway gives them about 7 quarters at this rate. They have two years to make something happen. Will they? That is not for me to say - I haven’t studied the company closely. But felt this would be worth putting out there for people to consider. When I’m vetting a prospect, one of the first things I do is check cash reserves and burn from operations. I would love to see this company be successful. Good luck to all investors 🤝
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The AI —> biotech narrative is forming.