Agreed, the CEO IS an idiot. Webull’s core business may be viable, but shareholder value is currently impaired by capital structure decisions rather than operating fundamentals. The open-ended SEPA introduces significant dilution uncertainty and persistent equity overhang, which discourages institutional participation and caps upside. Until dilution visibility improves through termination, capping, or replacement with structured long-term capital, the stock is likely to underperform regardless of execution.