Eight Months, One Valuation, Nothing Delivered: What a ¥1 Billion Order Book Was Made Of
A quadruped startup raised at a ¥1bn valuation on a ¥1bn order book, then stopped paying wages in eight months.…
A quadruped startup raised at a ¥1bn valuation on a ¥1bn order book, then stopped paying wages in eight months.…
Two notes, one unchanged 30x multiple, and a 169% volume revision for 2028. Decomposing the target price, and why the…