@AlphalineHQ@CalebFranzen The preferred dividend is a new risk. Before it, they issued commons to buy $BTC. Now, with preferred below par, they have to also pay dividends with proceeds from commons. It’s risky because he’s put a clock on when BTC needs to run.
@saylor These preferred dividends have added major risk to $MSTR common shareholders. If $BTC doesn’t go up, and in a hurry, things will get ugly for $MSTR.
@saylor
There’s the saying “robbing Peter to pay Paul”. I’m feeling like Peter today.
In the past 48 hours $BTC has been flat (net change 0%) but $MSTR is down 7%. And I’ve learned (the hard way) why.
Because $STRC is below $100 par value (low $90s) you can’t sell more STRC, so you have to issue common stock to: A) fund the dividend, and B) buy more $BTC.
$MSTR
But the $MSTR comms on that stock issuance was that $100M of the proceeds would go to ‘cash reserves’ which is a farce. Reserves implies long term but it’s actually for the $STRC dividend due in 30 days or less.
Let the dumb bitch drivel on about emissions and fractures in the Liberals. This is good for the Conservatives because they need a more centrist Liberal party to split the left. On that note….
Dear Rosanne Barr’s uglier cousin, please continue with this most important coverage. Your journalistic instincts are a marvel and have everyone’s attention.
When he talks about the UK his focus is on assessing the damage to Cameron’s career and party. The political class’ concern is for their retention of power, not the will of the people. The Canadian government is failing its citizens but the liberals stay in power. Tragic failure.
@KarenMessier I’m not. Good manners and dignity doesn’t spark the economy which is gateway to improved living standards. Get over yourself and your obsession with how the world views Canada, and therefore you.
When will you clue in?
No. Nothing has changed. Iran retains their uranium, controls the strait, and IRGC is still in control. The deal contains major concessions by US. Trump doesn’t want to further escalate and probably won’t, but there will be more tweets over the next 2 weeks that will shake markets.
@theserfstv Climate martyrs think nothing of the prospect of prosperity. Then, in the next breath will complain about the cost of living and high grocery prices. There’s no helping them.
This is a cheap appeal to people’s emotions to make them think ‘the system unfairly favours the rich, and therefore I’m getting screwed”. However, it dismisses the value of innovation in the economy which is driven by the prospect of making riches. As rewards for innovation diminish, so too do the productivity gains that result from the same innovation. Without those rewards, people won’t take the risks to bring us Amazon and the likes. That same productivity is a primary source of wealth for the economy. Beware, it’s a slippery slope to socialism. Have a chat with Eastern Europe. They’re still recovering.
As a smart, educated person, you know this but you’re intentionally leaving this fact out of this post try to score political points. Telling part of the story are you? Sounds familiar, Pocahontas!
@jkenney For how much you post on this, you’re awful at it. I’m not even clear your position or message you’re trying to convey. Do you think non-citizen criminals should be deported? Since your feed is loaded with you pumping Liberals’ tires, I really do wonder.