[Tyrek]

That's kind of the point though - it's much more acceptable (to the markets) for a private company to be doing crazy things, low runway, etc, because if the company goes broke, the damage is limited to 'skilled' investors (those with enough means and know-how to get in on the investment). If a public company goes bust (which is the risk here) the damage is much more widespread, and will undoubtedly hit retail investors as well as professionals.

[misterhtmlcss]

I bought a bunch of put options on the cheap, so I'm betting on reckoning next year, but not a bankruptcy.

Based on their valuation being too high for where they are, I'm guessing they'll do a share offering to get cash. This could cause they're shares to tumble and I'll make 400-1200% or not. I'm ok with writing off such a small bet, but wow what a fun ride it'll be to see how this all turns out.