$BOT
BOT (humanoid robotics holding vehicle with a Figure AI stake)8/10Does he own it?
No first-person buying, holding, sizing, or weight disclosure anywhere. He is openly bearish and warns retail away, calling it exit liquidity. The opposite of an ownership signal; he frames himself as an influencer being lobbied, not a holder.
His thesis
He flags BOT as a major red flag in the humanoid-robotics space: a public vehicle holding ~$145M of illiquid private assets (including a small Figure stake) yet commanding a multi-hundred-million market cap at roughly 4x NAV. A ~$2B effective ATM/equity facility drips dilution onto retail. He argues buyers are effectively paying inflated implied valuations for Figure versus peers like Unitree, and that the structure transfers wealth away from retail.
How his view evolved
Began as one name on a crowdsourced humanoid-exposure list slated for due diligence, then over days sharpened into a pointed, repeated bearish warning emphasizing NAV premium, dilution, and retail being used as exit liquidity.
Key points
- Trades at a large premium (~4x) to its ~$7 NAV
- A ~$2B effective ATM facility dilutes retail holders
- Implied valuation of its Figure stake looks extreme versus peers
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $BOT on X ↗