FTX has arrived in the 305, just in-time for @MiamiHEAT basketball. 🔥🏀
We’re partnering with the Captain himself, @thisisUD, to further our support of crypto education and community impact.
FTX is in. UD is in. The HEAT are in.
You in, Miami? #FTXMIA
@VikingEyes@JLightbourn 2008/09 was the shit :) As for lessons learnt, maybe this time around there arent 10 people in the CP chain. but 4-5 isnt a stretch with some unlisted owns tnng.
@aksjefokus Neat and honest deep dive, mate. This how the shipping tourists get burnt every cycle. Below is a good dumbed down version too, from the OG Goat himself....https://t.co/QXL2pvulUQ
A shipping company trades at half of NAV. What a bargain! Or is it...
Let's say a shipping company has a fleet of 50 vessels worth $20 million apiece. The assets are worth $1 billion. Suppose it is $500 million in debt. Thus it has $500 million of net asset value (NAV).