SBE - Blink Charging Is A Short Opportunity Due To ChargePoint SPAC And Potential Legal Actions

• Blink Charging has risen considerably this year to a Price-to-Sales valuation of 66X due to Tesla's speculative rise.
• Blink has seen unremarkable revenue growth and declining negative operating cash-flows over the past five years.
• In order to offset losses, Blink has had to dilute equity at an increasing pace this year.
• Its main competitor ChargePoint is a much larger company than Blink and will go public soon via a reverse merger with Switchback Energy Acquisition Corp.
• Litigation claiming Blink's operable charging network is overstated may be a negative catalyst later this month.

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