Buddy of mine made over $100 million and sold his house and travels around living in an RV
I got another buddy who is dead broke and does the same thing
why $NAKA fell -99.8%, explained in the most laymen's terms possible:
-shareholders got raped with mNAV compression (it tragically flipped from a 20x premium to a 0.3x discount)
-the value of the underlying (aka BTC) fell -50%
-they sold some BTC to buy shares of other treasury companies, and those investments have massively unperformed BTC
-they took out a bitcoin backed loan and got liquidated when the value of their collateral dropped too low
-shareholders were diluted, but not to buy bitcoin, it was to buy David's magazine
-on top of all of that, the company itself is unprofitable and only bleeds money
Julian Brown, a 22-year-old inventor from Georgia, created PLASTOLINE, a sustainable, high-octane (110) fuel derived from plastic waste via solar-powered microwave pyrolysis.