@HermesLux I want to know who the assholes are that are selling at a 10% loss. I guess the 11.5% dividend plus tax savings isn’t what they really wanted. The current effective return including tax savings are around 20%. Hard to beat that, but most people don’t understand what they own.
@HermesLux As a MSTR, STRD, and STRC holder, I don’t like this. Closing STRD helps STRC temporarily but hurts MSTR. The div obligation is only 10% on STRD. It’s 11.5% on STRC. If they bought back at par, they throw away a lot of money. I love my 13+% effective return forever on STRD.
@PeterSchiff They should probably sell gold futures before the price goes back to $2000/oz and use the proceeds to buy back some $STRC at a nice discount. Everyone knows gold is just an illiquid shiny rock used to make jewelry.
Just got off a call with MY contact at Jane Street. He said “I can’t talk right now, I’m busy taking a dick in the ass.”
Fair enough. I’ll call back later.