Molly
@bigmagicdao
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Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…
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it’s obvious at this point: issuing preferreds kills the appeal of the common.
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Definitely one to watch. Gonna be interesting to see how this plays out...
Exciting news for $XXI: $CEP will hold its shareholder vote to approve our business combination on December 3rd at 10:00 AM. If approved, we can close as early as next week, and begin our journey as a publicly company. Hope all $CEP shareholders vote. Exciting times ahead!
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Never give a liar a second chance. Taking a leap of faith on them again only tells them you’re easy to exploit and they’ll rug you all over again.
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“This time is different “ “Up only cycle” We fall for the same shit every cycle.
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Why Strategy Square Is a Ticking Time Bomb Strategy Square refers to public companies allocating capital into other public companies that run active Bitcoin strategies—rather than holding Bitcoin directly—simply because those stocks have outperformed Bitcoin itself. This may
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Here’s why you shouldn’t buy NAKA, no matter how low the mNAV is: mNAV means nothing when the Bitcoin they claim to ‘hold’ isn’t actually theirs. Don’t touch it until they publicly disclose exactly how much of their BTC has been pledged as collateral.
NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. The company retired its $200M Yorkville convertible note using a $203M credit
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The 0.5 targets were based on the amount of secondary liquidity available I was observing trading on the DAT sector then and the company’s Bitcoin holdings. But at this point, I’m not sure how it will play out. It could end up worse than I expected, given the team’s strange and
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You were warned. Stay away from brainless simps that only follow the hype no matter what’s their follower counts .
Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…
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Naka NT-10Q recap: 1.Missed the quarterly filing. 2.The numbers explain why: • $1.4M realized loss • $22.1M unrealized loss • $14.5M debt-extinguishment loss • $59.8M merger loss • +$21.8M FV gain Net loss: ~$75.8M. You’d miss the deadline too if you quarterly looks
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David Bailey tried to hijack Bitcoin’s credibility while dragging along fiat-era debt, bad accounting and a bloated acquisition they never understood. This $NAKA filing exposes a company collapsing under the weight of Bailey's vanity & incompetence. Loss after loss after loss.
Completing SEC filings on time is hard. https://t.co/yPUYXSlGaC
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Naka raised about 750m ish and paid 179m in fees , lol
Banks printing silly amounts of cash from DAT mania > Cohen Capital Markets disclosing $179 million ($20m cash + $159m shares) in fees for the $NAKA / Kindly deal ($740m raised) > Fwiw even though total # is nutty, don't think they're doing anything wrong. Just providing a
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