TreverGregory

Chief Operating Officer, iTrustCapital

[TreverGregory @TGreg_ITC]

@KobeissiLetter Makes sense... $250 is worth what $100 was just a few years ago 🤡

[TreverGregory @TGreg_ITC]

@sweatystartup @DrSiyabMD Which covid vax did your friends with blockage have?

[TreverGregory @TGreg_ITC]

@jackunheard Manipulating religion in the very name of God while saying "woe to those who manipulate religion in the very name of God for their own" is wild.

[TreverGregory @TGreg_ITC]

@godofprompt Keep preachin'! The AI propaganda on this business has been ridiculous.

[TreverGregory @TGreg_ITC]

@SassyTimTim @iTrustCapital Platform is back up - thank you!

[TreverGregory @TGreg_ITC]

@PalmerLuckey For sure - that'd be a fun project.

[TreverGregory @TGreg_ITC]

@APompliano I usually only vote for politicians that can pump at least two reps of 225. 185 is acceptable if they can do 2x body weight squat though.

[TreverGregory @TGreg_ITC]

@sentosumosaba @linqtoinc Aren’t the positions held in another entity that isn’t impacted? Linqto Liquidshares LLC.

[Chamath Palihapitiya @chamath]

This was what I was hoping to fix with SPACs. You may not like SPAC founder promotes or other forms of value transfer to intermediaries but you can never claim it wasn't disclosed.

The Circle IPO, and ALL traditional IPOS, are the opposite. Value is transferred to randoms and it makes no sense.

In order to get the IPO off, the team at Circle had to sell 14.4M shares at the IPO price of $31 for total proceeds of $446M. These shares were "bought" by the IPO bank and then sold to their best clients.

Those 14.4M shares are now worth $3.456B. Meaning the employees that sold these shares lost out on $3B in the past 15 days.

To be clear, this method of value transfer doesn't happen via a direct listing or SPAC - the benefits in SPACs and DLs are disclosed very explicitly up front. They can be negotiated, minimized etc to the benefit of selling shareholders and buying shareholders.

Only in a traditional IPO do banks use opacity like this.

And the media acts along by writing headlines to tell you how a "first day pop" is a good sign. It's not. It means the deal was mispriced and banks were able to reward their best customers completely unrelated to the company in question with free stock.

In this case, it was a $3B gift from the employees and investors of Circle to people they don't know, will never know and have nothing to do with their journey.

[TreverGregory @TGreg_ITC]

@EthanMorse @RandomToT2 @OCFA__Bot Any idea what kind/size plane? Ground stop in effect with update expected at 1200.

[Geiger Capital @Geiger_Capital]

BITCOIN NEW ALL-TIME HIGH! 🚀🚀🚀

[TreverGregory @TGreg_ITC]

@CollinRugg Will he publicly take a drug test administered by a neutral party with that same media present?

[TreverGregory @TGreg_ITC]

@elonmusk Would we even know if it has already passed us and it's everywhere?

[TreverGregory @TGreg_ITC]

@elonmusk What will be the most interesting stage of AI evolution for humans to experience? When the AI-human gap is equivalent to human-ant gap (which will happen very quickly), will AI even care to interact with us?

[TreverGregory @TGreg_ITC]

@krakenfx

[TreverGregory @TGreg_ITC]

@ParikPatelCFA The Big Shart

[TreverGregory @TGreg_ITC]

The Big Shart

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

“So we take these DoorDash loans, combine them, and create a whole new instrument where investors can bet on whether borrowers will pay off their Taco Bell Crunch Wrap Supreme within 12 months”

[iTrustCapital @iTrustCapital]

Promises made, promises kept 🦅🇺🇸

[TreverGregory @TGreg_ITC]

@AutismCapital

[TreverGregory @TGreg_ITC]

@Pzk64 @iTrustCapital It’s now available on the platform.