Summary 🥴
So…
Outstanding shares now at 1.4 Billion, albeit most being in TCL’s ownership, but we were also told that there is going to be even more dilution. Yep. 😬
Maxeon will not be posting anymore financial information regarding earnings, revenue etc for the rest of the year, why?
Turns out the Customs and Border Protection (CBP) started to stop Maxeon’s shipments into the US, effectively stopping all US shipments, which is very bad for revenue.
This could also mean, for the foreseeable future, no DOE loan, atleast for now.
What’s everyone’s thoughts?