Apr. 25 at 4:54 PM
$WLFI.X
$ALTS So much hysteria when the strategy here is so clear. The liquidation scenario is 100% false. Mgmt can at any time pull the plug on the trigger threat by using the
$40M cash sitting in Coinbase.
The question you should be asking yourself, is why then haven't they put an end to this self-imposed threat.
There are several reasons.
First, having the price at an ATL will encourage more token holders to agree to the 2-year cliff. It also weakens the notion of unlocking the rest of the 62b tokens. If they did, the price would race to zero and everyone loses. Anyone screaming for an unlock at these levels is being paid to so by shorts.
Second, this lower price makes the Super Node and Node investors including their 2% yield much more attractive.
Third, the issuance of a TRO (Temporary Restraining Order) would gravely affect the entire company. It's likely the judge will address these charges differently such as move it to arbitration or throw it out for lack of merit.
