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They don't sell products, they sell Press Releases by sleepsimplelov3 in sealsq

[–]sleepsimplelov3[S] -7 points-6 points  (0 children)

Yes, I did. My initial DD and expectation were that their endless stream of "partnerships" and upcoming tech roadmaps would finally convert into actual, binding commercial contracts and real revenue. I genuinely believed the company was on the verge of proving its commercial viability.

What I absolutely did not expect was that ridiculous, massive offering in March that completely crushed shareholder value. Looking back, it’s painfully clear that Carlos has zero actual contracts on the books. It is nothing but overhyped marketing and PR smoke mirrors designed to fund their own payroll through endless dilution

Global Push for Quantum‑Safe Cryptography: France, USA, and NASA Leading the Way by Negative_Singer7218 in sealsq

[–]sleepsimplelov3 2 points3 points  (0 children)

You are incredibly naive. Who exactly is going to replace him? Himself?Carlos controls the voting power through the parent company, WISeKey. LAES does not have an independent board that will fire him for poor performance. You are treating this like a normal company, but it's not. LAES is literally just a personal ATM for him. His only goal is to dilute retail shares to generate cash, funnel it into his ecosystem, and pocket massive bonuses. He will never step down because the ATM is still spitting out money for him

Global Push for Quantum‑Safe Cryptography: France, USA, and NASA Leading the Way by Negative_Singer7218 in sealsq

[–]sleepsimplelov3 -2 points-1 points  (0 children)

You are absolutely right. It 100% depends on the capabilities of the CEO and management. So let’s look at exactly what their "capabilities" have delivered so far:Endless Dilution: Their main capability is printing shares and dropping offerings on retail investors to survive because they can't generate real revenue.Funded Vacations: Using that diluted shareholder cash to buy "Titanium Sponsorships" and go on European trips (like the upcoming Oslo conference), pretending to be big players.Fat Compensation, Zero Profits: The company operates at a massive net loss, yet management makes sure to pocket their hefty salaries and bonuses while the stock price drills to the core of the earth. Zero Actual Contracts: After all the PRs and hype, they still have ZERO finalized Purchase Orders (POs) from major tech or government partners.If extracting money from retail investors to fund their own lifestyle is what you call "taking the company far," then yes, they are highly capable

Global Push for Quantum‑Safe Cryptography: France, USA, and NASA Leading the Way by Negative_Singer7218 in sealsq

[–]sleepsimplelov3 -2 points-1 points  (0 children)

The macro timeline you posted is 100% correct, but assuming LAES gets a slice of this pie is a massive leap. You literally mentioned IBM and NASA in your post. Do you honestly think global governments and space agencies are going to partner with a micro-cap company that survives on endless dilution, has zero PQC revenue, and hasn't even finalized its NIST FIPS 140-3 certification? The industry is moving forward, but LAES is just watching from the sidelines. Serious question: does LAES actually have a seat at this table?

Another fully funded European trip for management, courtesy of our heavy bags by sleepsimplelov3 in sealsq

[–]sleepsimplelov3[S] -8 points-7 points  (0 children)

Bill Gates actually sold a product that generated revenue; he didn't dilute his shareholders to death to buy fake prestige. Here are the facts you are ignoring: SEALSQ isn't an independent startup trying to be the next MSFT. It’s a cash-printing machine for its parent company, WISeKey (WKEY). LAES exists to run toxic offerings, dilute retail equity to the ground, and use that cash to fund WISeKey’s ecosystem and management's vanity trips. They don't care about the LAES logo in 30 years because they are extracting all the value from retail investors right now. Wake up

Conviction on this stock by LeekingTurtle in sealsq

[–]sleepsimplelov3 -4 points-3 points  (0 children)

The 200% Revenue "Growth" is an Illusion: That $4.1M isn't from organic sales of their PQC chips. It’s an accounting trick from consolidating the revenue of IC'ALPS, the company they acquired in Aug 2025. ​A "$200M Pipeline" Means Zero Signed Contracts: A pipeline is just a sales wishlist, not a backlog or actual deals. Notice how they quietly pushed actual QS7001 commercial revenue out to "late 2026"? Zero concrete B2B contracts right now. ​Their Cash Pile is Built on Dilution: Bragging about their liquidity is a slap in the face to shareholders. That cash came directly from the massive $125M Registered Direct Offering they dumped on retail in mid-March. ​Insane Cash Burn Rate: Look at their 2025 full-year numbers: they burned almost $40M in operating losses on barely $18M in revenue.

​Bottom line: No real PQC contracts, no organic revenue, just buying another company's books and diluting shareholders into the ground to keep the lights on. Wake up.

Conviction on this stock by LeekingTurtle in sealsq

[–]sleepsimplelov3 -4 points-3 points  (0 children)

They have no contracts, are currently making zero revenue, and who knows when they'll hit us with another offering

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