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

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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

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Location: esse quam videri
Gender: Male

Posted: Feb 17, 2021 - 8:08pm

oldviolin

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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

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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

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Location: esse quam videri
Gender: Male

Posted: Feb 11, 2021 - 8:01pm

Proclivities

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Location: Paris of the Piedmont
Gender: Male

Posted: Feb 10, 2021 - 8:19am

haresfur

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Location: The Golden Triangle
Gender: Male

Posted: Feb 9, 2021 - 5:26pm

geoff_morphini

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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

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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

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Location: (3283.1 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

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