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RE: LeoStrategy Has Acquired 10% of the LEO Supply
If people dump their surge into the LP... I'm picking up the cheap SURGE.
5.5E-7 BEE
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If people dump their surge into the LP... I'm picking up the cheap SURGE.
Fair enough, just means some people will extract a few thousand dollars on the way. Just saying that if the perceived fair value of SURGE was indeed $1, SURGE would've sold out immediately. The reason it hasn't is there's enough doubt about the ability to flip a large chunk of SURGE at $1, so anyone buying just buys a smaller chunk, not $100k worth. Otherwise this would be the investment of a lifetime, spend 100k now to get 135k out immediately.
Don't get me wrong, I'm not criticizing LSTR or SURGE, just pointing out what the market is likely going to do with the situation at hand, independently of the intentions or the long term outlook.