Jon Inendino

Just trying to get a little better every day.

[Jon Inendino @InendinoJon]

@comic @ActuallyClimber Yeah i agree for the stock to do well, BTC needs to be way higher than 12% CAGR.

I was just saying for the safety of the STRC dividend the CAGR can be lower.

[Jon Inendino @InendinoJon]

@ActuallyClimber True, I never thought about it from that view. Great point.

[Jon Inendino @InendinoJon]

@ActuallyClimber Climb, do you know how the mechanics work with OTC volume vs. 3350? Does the OTC have to buy the next day (later tonight) to have the ticker fully backed by shares? Loving the volume increase, should allow the team to do more accretive dilution this week.

[Jon Inendino @InendinoJon]

@ActuallyClimber Climb, thanks for your commentary on the business. Really well done and looking forward to the future podcast.

[Jon Inendino @InendinoJon]

@ActuallyClimber Climb, have you noticed there is a growing disconnect between the OTC price and the 3350 ticker priced in USD? I’m trying to understand what causes that gap and if it will close over time.

[Jon Inendino @InendinoJon]

@ActuallyClimber Makes sense, thank you for sharing.

[Jon Inendino @InendinoJon]

@thepowerfulHRV I totally agree that multiples matter. But curious what do you think is a fair multiple? I am struggling to come to a fair valuation.

Let’s say BTC goes to 150k next year, the business will earn roughly 19 Billion in earnings (75k price appreciation x 252k BTC in treasury).

[Jon Inendino @InendinoJon]

@TheRealBeeks I would love to know more about your discussion.

[Jon Inendino @InendinoJon]

@FundasyInvestor @bill_icon212 Most people look at the high PE and high growth for the industry and automatically assume it’s not a sustainable business. Despite the fact it has industry leading expense ratios that justify the price. Not everyone can have an open mind, don’t let it get to you.

[Jon Inendino @InendinoJon]

@SvnCapital @FundasyInvestor I really enjoyed your podcast discussing the business. Thanks for sharing

[Jon Inendino @InendinoJon]

@FundasyInvestor Yeah I tend to agree with you. Even with growth slowing, at this price you get a high quality business at a market multiple.

[Jon Inendino @InendinoJon]

@FundasyInvestor I think another thing that is appealing is it’s a lot cheaper valuation than other public comps like DB.V and GRIN. You would think at some point if the valuation stays low enough they’ll be a take out target.

[Jon Inendino @InendinoJon]

@RTelford_invest I think option B, because option A has more competition

[Jon Inendino @InendinoJon]

@AltaFoxCapital Inmode. Very cash generative but management’s inability to use excess cash in the last few years is questionable at best.

[Jon Inendino @InendinoJon]

@DakotasTwits I know they called out utilization being down this quarter. Over time I tend to agree with you that it should revert and grow

[Jon Inendino @InendinoJon]

@DakotasTwits What is your thought on revenue being flat over Q4. Seems a bit concerning

[Jon Inendino @InendinoJon]

@FundasyInvestor Sure, but I think given the quality of the business you’re never going to see it trade at a cheap multiple of book value. Not sure what the number should be, but I think it’s fair to say it should trade at a premium to competitors.