Nuvix

Bond market insider, Crypto degen. Know your assets and expected vol. Follow for bond market insights only the institutions know

[Nuvix @NuvixG]

@DeItaone Naw let them keep $MSTR shareholders bent over

[Nuvix @NuvixG]

@van00sa 👍

[Nuvix @NuvixG]

Imagine they lose this lawsuit and $MSTR has to sell more bitcoin to pay investors 💀

[Coin Bureau @coinbureau]

🚨BREAKING: STRATEGY IS UNDER INVESTOR INVESTIGATION

Rosen Law Firm has opened an investigation into Strategy and STRC, per Odaily.

The firm is reviewing whether investors may seek damages over potential securities law violations, including claims that Strategy may have provided materially misleading business information.

Strategy is the world’s largest publicly traded Bitcoin holder, led by Michael Saylor.

[Nuvix @NuvixG]

@TiffanyFong Damn juicy

[Nuvix @NuvixG]

@shanaka86 Assuming they can issue credit to buy back stock? It’s no longer at 0% interest. And it will just add to their cash burn

[Nuvix @NuvixG]

@realMaalouf @BillAckman Easy peasy

[Nuvix @NuvixG]

$STRC

Why is Strategy’s preferred vehicle not rebounding?

Investors buy this vehicle for the dividend payments in perpetuity. When cash reserves fall (since they have little revenue), confidence of being paid also falls

“But they have bitcoin!”

Yeah but payments are in USD and ppl who buy these preferred’s want USD

So this forces Saylor to either keep selling common stock (which is unsustainable), or sell bitcoin (which lowers the price of Bitcoin and the assets of the company)

Instead, he keeps reducing cash reserves, selling common stock, and keeps buying Bitcoin every week

Not only that, HE CAN’T SELL BITCOIN! Or the market will crash! And his company will be worth less!

It’s just a waiting game at this point, but as long as he keeps selling common stock to buy Bitcoin, $MSTR will keep going down

Good news is he can always just lower the dividend and save some cash. Default risk is pretty low

[Nuvix @NuvixG]

@compliantvc “Makes” 7 trillion? You mean taxes businesses and personal incomes to “Make” 7 trillion

[Nuvix @NuvixG]

@RoKhanna Yes you’re corrupt and a crook. You should be sued and arrested

[Nuvix @NuvixG]

@Hombrelmparable This ain’t marvel. You can’t just kill off your main character and hope to continue the action

Now you can only do past events/missions

[Stan @private_dataguy]

Fun market out there this AM 🥶 but some nice news out of $PCT.

IPL Schoeller 1.5bish top line and highly respected converter officially selling Pure5. Expect to see ever more products qualified with PCT resins and IPL to sell into more of their customer base.

Cleveland Kitchen is interesting brand. Smaller fast grower in hot category “pickled products”, much more liberal in putting their name out there vs blue chip brands I imagine. Starts with CK and will just keep going.

Also interesting data point that a few state mandates are driving a move to $PCT for packaging nationwide. Important.

[Nuvix @NuvixG]

@FirstSquawk Not good

[Nuvix @NuvixG]

$MSTR

Yes, Saylor’s company doesn’t make anything and needs to somehow raise money to pay preferred shareholders and buy more BTC

So where is the money coming from?

From $MSTR common equity holders

Companies usually leverage debt markets and free cash flow to pay their preferred shares (or just cancel the payment)

Saylor leverages his common shareholders for that

The bottom of the capital structure. The most vulnerable of them all

[Nuvix @NuvixG]

@joeroganhq 🤦‍♀️

[Nuvix @NuvixG]

@TiffanyFong 👎🏿

[Nuvix @NuvixG]

@saylor Paid for by diluting $MSTR class A shareholders, which you don’t hold much, and no change to your primary super voting class B shares

[Nuvix @NuvixG]

@pete_rizzo_ That’s not how rating agencies work. Ask ChatGPT

[Nuvix @NuvixG]

@_NBAESP_ Yeah, only two finals he had to go up against the number 1 all time assist leader and number 3 all time pts leader. This is in the history of the nba

[Nuvix @NuvixG]

@martypartymusic You better load up on $MSTR right now!

[Nuvix @NuvixG]

@maddenifico Retard