Based on the general commentary and DM questions I've gotten re: $abx I think there is a really simple misunderstanding that if you take 2 seconds to think about, will clear this up.
The general fear is accounting shenanigans / overinflated sales prices because what securities 'always goes up in value'
The answer is, really obviously, a life insurance policy.
Google trends suggest $LESL search traffic is at a 4 year high relative to previous summer peak traffic. $30M Mkt cap / $1bn EV left for dead.. showed signs of life this Q w/ +SSS % + margin improvement -we believe equity stub has 5-10x potential if this summer's Q is a blowout
@benbstwits Because they are - just check their last Q. Then add liability management and we could see their debt reduced and termed out given how covenant light the debt is, buys a lot of time
It’s funny, feels like crypto crew been real quiet for years now. Stuff still has zero application, or point to it outside of criminal / state money laundering. Yet still has like $2.5 trillion in market value combined….
Whenever we get a wipe out, this stuff could be down +95% and still be overvalued….