Radio Paradise

One year ago, MicroStrategy was a mundane, third-tier publicly traded software concern with a moribund stock price that hadn’t moved in nearly two decades. Then the CEO decided to dump most of his treasury into Bitcoin. The the stock went from 100 to 1000. Now he’s doing a convertible bond offering (more free money) with the express purpose of buying more Bitcoin. He’s not even pretending to invest in his company’s software products. He’s not working on productivity nor innovation. He’s simply creating value out of thin air through a massive bet on asset price inflation. Equity money is free. No interest rate to repay. The only cost is dilution of the existing shareholder base. But the existing shareholder base is probably 100% Bitcoin Zealot, so give the people what they want. They want more f***ing Bitcoin. “Drown us in it, if you please, sir.” Dilute them for the right reason and they will reward you with an even higher share price ex-post.

https://thereformedbroker.com/2021/02/17/the-big-long/

sirdroseph

sirdroseph Avatar

Location: Not here, I tell you wat
Gender: Male

Posted: Feb 18, 2021 - 4:41am
oldviolin wrote: That was a perfectly executed straight right.

oldviolin

oldviolin Avatar

Location: esse quam videri
Gender: Male

Posted: Feb 17, 2021 - 8:08pm

oldviolin

oldviolin Avatar

Location: esse quam videri
Gender: Male

Posted: Feb 16, 2021 - 11:38am

rhahl

Posted: Feb 12, 2021 - 12:21pm
https://arthur.io/art/myeongbeom-kim/5

cc_rider

cc_rider Avatar

Location: Bastrop
Gender: Male

Posted: Feb 12, 2021 - 8:25am
oldviolin wrote: Cool! BTW, the WW II museum complex in New Orleans is incredible. The Pacific Theatre museum here in Texas is great too - I found the plaque from my grandfather's ship, the USS Boise. c.

oldviolin

oldviolin Avatar

Location: esse quam videri
Gender: Male

Posted: Feb 11, 2021 - 8:01pm

Proclivities

Proclivities Avatar

Location: Paris of the Piedmont
Gender: Male

Posted: Feb 10, 2021 - 8:19am

haresfur

haresfur Avatar

Location: The Golden Triangle
Gender: Male

Posted: Feb 9, 2021 - 5:26pm

geoff_morphini

geoff_morphini Avatar

Gender:

Posted: Feb 8, 2021 - 11:41am
rhahl wrote: Wood supports? https://medium.com/@RobletoFire/company-behind-nc-pipeline-spill-inspected-less-than-50-in-2019-improperly-kept-records-95d823f84e7 Pipe's not in the ground yet. Looks like weld inspections are happening. Pipe is flexible.

rhahl

Posted: Feb 8, 2021 - 11:33am
Wood supports? https://medium.com/@RobletoFire/company-behind-nc-pipeline-spill-inspected-less-than-50-in-2019-improperly-kept-records-95d823f84e7

rhahl

Posted: Feb 7, 2021 - 4:26am

oldviolin

oldviolin Avatar

Location: esse quam videri
Gender: Male

Posted: Feb 6, 2021 - 5:44am
miamizsun wrote: Not quite sure where this falls under "weeping and gnashing of teeth". Could be ambiguous...

miamizsun

miamizsun Avatar

Location: (3261.3 Miles SE of RP)
Gender: Male

Posted: Feb 5, 2021 - 9:56am

rhahl

Posted: Feb 5, 2021 - 5:02am
Q: What is the meaning of life? A: To strive, to seek, to find, and not to yield. https://noahpinion.substack.com/p/interview-liam-kofi-bright

pigtail

pigtail Avatar

Location: Southern California
Gender: Female

Posted: Feb 3, 2021 - 9:22am
Proclivities wrote: This one is easy. Scott is in the center showing Buddy on the left and OV on the right the sights off his back porch!

pigtail

pigtail Avatar

Location: Southern California
Gender: Female

Posted: Feb 3, 2021 - 9:20am
rhahl wrote: Just goes to show how submissive and beautiful horses are when they feel they can trust their human companions.

rhahl

Posted: Feb 3, 2021 - 7:43am

Page: Previous 1, 2, 3 ... 15, 16, 17, 18 Next