Let's turn our time machine back to the year 2001, and reminisce about the guy who lost 6 billion dollars in one day: https://www.newsweek.com/confessions-crash-153687 Best parts: Saylor was having "the best week of my life," he says, when the ominous phone call came. It was mid-March 2000; the Nasdaq was peaking, and Saylor was in Houston, pitching investors on a $2 billion stock offering, the largest IPO by a software company ever. The week before, Saylor had promised to use $100 million of his own money to start an online university. Saylor's company, it appeared, had been losing, not making, money for the previous two years. Saylor knew that, unfairly or not, the restatement would be seen as an admission that MicroStrategy had been cooking its books. The restatement caused MicroStrategy's stock to plunge 60 percent in a day. (A share, once worth more than $300, now sells for about $3.50.) The company has been forced to settle a wave of lawsuits from angry investors. Accused of fraud by the SEC, Saylor himself had to pay a $350,000 fine and give up about $8 million of "ill-gotten gains." NEWSWEEK asked Saylor, "would you do it again, take a shot?" "Yeah," he says, "but I would probably manage the risk better." He observes that "The Right Stuff" pilot Chuck Yeager was "not the first person to go through the sound barrier. He was just the first person to go through the sound barrier and live... The fact that I snapped off a wing," he says with a slight smile, "doesn't change my love for aviation." ---------------------------- By the way Saylor is wrong about the Yeager analogy, but I get what he was trying to say. Now he is running a fraud on a ponzi, I mean an infinite money glitch and that is better risk management, I say. Oh yeah, MSTR fell 30% on Thursday from 540 to 375, but that is just a temporary pullback...
Baylor taking advantage of the market is not a fraud. It’s a Ponzi scheme in that the current holders are earning on future holders but this is legal. It’s the market equivalent of Latinos voting for Trump to deport them.
It's odd that the GOP (specifically Latinos) thinks they are defined by rational egoism yet they choose to fck themselves. Somehow I don't think that Miller and Homan are going to start with Elon.
Your argument is misplaced. Attack the concentration/leverage but for once the books are transparent. It's become a BTC closed-end fund at a 2-3X premium to NAV. Are you the regulator? No? Perhaps you should be focused on what side you want to be on if the spread blows out to 5X.
The only Latinos Trump is deporting are here ILLEGALLY and can’t vote TDS is real 4 years of it ahead. Get used to it
MSTR is a CEF that owns one asset. Ironically most CEFs sell at a discount to NAV but MSTR rarely ever sells at below NAV. Most of the credit CEFs I own are usually below the NAV.
I read he's getting jack Smith and Leticia James to go after Rachel Maddow and the fine women on the View.
MSTR's market cap is 2x-3x it's real asset value. That's because many are jumping on the BTC bandwagon via a listed stock without having to risk/hassle owning BTC outright.. wallets, thefts, and all that. So long as the "psycho" for BTC is strong, it's not a worry.