Please... Not Again

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[Please... Not Again @ScienceWhats]

@PolarityRadio @dotkrueger The play is to attract retail capital to $STRC by any means necessary to have enough runway to pay off the 6-7B in converts and then suspend the dividend if necessary due to bitcoin price/MSTR not appreciating fast enough.

[Please... Not Again @ScienceWhats]

@PolarityRadio @dotkrueger The only thing that would force a severe catastrophic unwind of the bitcoin stack is being unable to pay off the convertible debt before the put comes due or having to sell bitcoin/mstr common to pay them off at depressed prices.

[Please... Not Again @ScienceWhats]

@BickuriB0x @tylerobriantt @rudy_betrayed I mean it’s functionally the same thing. You said “you don’t understand why people say it”. They say it because it’s the same ingredient, in the same immediate release format. The only difference is the lack of acetaminophen.

[Please... Not Again @ScienceWhats]

@BickuriB0x @tylerobriantt @rudy_betrayed The reason so many say it, is because “perc” has come to mean “immediate release oxycodone” in common parlance. People will also call them “oxys”, where OxyContin is the extended release version.

[Please... Not Again @ScienceWhats]

@BickuriB0x @tylerobriantt @rudy_betrayed

[Please... Not Again @ScienceWhats]

@BickuriB0x @tylerobriantt @rudy_betrayed They aren’t sold as “Percocet”, they’re sold as “roxicodone” (name brand for immediate release oxycodone, which is the same ingredient in Percocet) that does come in 30mg doses.

[Please... Not Again @ScienceWhats]

@rudy_betrayed Take more next time

[Please... Not Again @ScienceWhats]

@Tony_Schultz_ @calculatedcopy @BitMEXResearch STRC is definitely the most likely to be sacrificed though.

[Please... Not Again @ScienceWhats]

@Tony_Schultz_ @calculatedcopy @BitMEXResearch Honestly the more I look into it, the more I realize that paying off the debt is the only rational move. They need to get rid of that as fast as possible to avoid being forced to unwind their bitcoin position at unfavorable prices or selling $MSTR at unfavorable prices.

[Please... Not Again @ScienceWhats]

@MakeItCount4US @BitPaine That might be just as dilutive to share holders bitcoin value as simply selling the bitcoin.

[Please... Not Again @ScienceWhats]

@SemperVigilant1 @ZynxBTC STRC is definitely the weakest leg on the stool. Plus if bitcoin is down another 50% the runway goes down dramatically, especially considering the debt they have maturing.

[Please... Not Again @ScienceWhats]

@ZynxBTC They potentially owes over 6.7B by 2028 if $MSTR doesn’t bid past the embedded put. If they are unable to tap the STRC ATM sufficiently they’ll be forced to sell bitcoin at potentially extremely depressed prices (who’s going to bid bitcoin with such a supply overhang?).

[Please... Not Again @ScienceWhats]

@JJMaTrader @BitPaine @saylor Forsure. I try to take a multi pronged approach. high risk with money I’m willing to lose, massive savings earning stable/safe yields so I’m comfortable taking those risks, then long term investments that I’ll never touch and just try not to look at.

[Please... Not Again @ScienceWhats]

@ZynxBTC Bitcoin will be fine. $MSTR will be fine. No way to be sure $STRC will be fine as it comes with 0 rights. If they suspend the yield indefinitely you’d just have to eat it and hope they pay you out some day when BTC rebounds enough.

[Please... Not Again @ScienceWhats]

@JJMaTrader @BitPaine @saylor I’d agree. There are plenty of ways to get yield that’s far safer. I’m not sure what yield I’d need to be offered to take on the risk associated with these instruments.

[Please... Not Again @ScienceWhats]

@YanLiberman @DeFi_Dad His goal right now is not buy more BTC, it’s to protect from any potential for bankruptcy. He tipped his hand by buying back the convertible debt and trying to restore confidence to STRC holders to keep trying to juice the yield chasers until they’re dry. Prefs have no rights.

[Please... Not Again @ScienceWhats]

@YanLiberman @DeFi_Dad He needs to get the pref to $100 so he can issue enough shares to comfortably pay off the convertible debt maturity walls. If he is able to do that, it’s sort of checkmate IMO. With debt gone in the worst case he has to suspend the prefs divs, but no one can force bankruptcy.

[Please... Not Again @ScienceWhats]

@JJMaTrader @BitPaine @saylor Personally I’d be a MSTR buyer if he manages to get out from under the debt load (or has a reasonable short pathway to get there), and at which point I’d fully expect him to suspend the prefs to save common share holder value as it would be extremely detrimental to book value.

[Please... Not Again @ScienceWhats]

@JJMaTrader @BitPaine @saylor Yea MSTR is somewhat protected so long as they can manage the debt maturity walls. The market could decide that it should trade at a discount to its holdings until another bull market comes around to bail him out and heck maybe even then the discount will stay who knows.

[Please... Not Again @ScienceWhats]

@Tony_Schultz_ @calculatedcopy @BitMEXResearch Based on my research I believe his main goal at this point is to get out from under the looming debt maturity walls as those are the only things that could force a bankruptcy if they have liquidity issues.