RTO
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I've held shares in Pineapple Power (LSE: PNPL) since it first listed back in 2020, and recently added a bit more to my position. One thing I've been thinking about lately is just how much potential upside there could be here compared to the downside. Maybe I'm looking at it too simplistically, but interested to hear what others think. PNPL is essentially a listed shell looking for a company to acquire through a reverse takeover (RTO). They've actually announced potential deals in the past, although neither ended up completing. So it's not like the company hasn't been actively trying to find a deal. And with new investment and management changes this year, they're still pursuing that same objective. What interests me is the share price. When you're talking about a stock trading around a penny or less, even a relatively small move in absolute terms can mean a massive percentage return. A move from 1p to 2p is a 100% gain, for example. I'm also interested in how much of the share price is driven by speculation. PNPL has previously traded at significantly higher levels, even without completing an RTO. Obviously I appreciate there's risk. Another deal could fall through, shareholders could be heavily diluted, and the investment could ultimately be worth nothing. But when I look at the potential upside if they do eventually complete a decent acquisition, I struggle to work out how to weigh that against the downside. I'm not suggesting it's a guaranteed winner, far from it. I've been holding for years and genuinely have no idea what my shares might be worth in the future. But I'm curious what others think. Is this the sort of speculative opportunity where the upside potentially justifies the risk, or am I completely overlooking something? Anyone else been following PNPL or invested in similar RTO shells? For transparency, I hold PNPL shares. Just looking for different perspectives, particularly from anyone who sees the investment case differently.

pretty much every working parent who’s been forced to RTO

When even the founders are RTO you know they're fucked.

Love being penalized for forced fuel buying because of RTO.