Nov. 12 at 8:50 PM
$FORD
I think the reason why it’s down a lot is because it bought SOL at average price of
$232! Basically at the high.
Still it owns 6.87M Sol tokens.
At
$155 sol, that is
$1.064B worth. Market cap is
$814M.
FORD has 86.46M shares. That’s including everything— current share count plus warrants and notes.
So, market cap x share count is: 86.46 x
$9.4 is
$812M
So this number is accurate. Compare this to its SOL treasury:
$812/1.064 is 0.76 or about 24% discounted.
I’d say this is getting to be a good bargain here. IMHO