Jun. 27 at 5:18 PM
$LUXFF I'm interested but a little hesitant to buy. They said the want to acquire 100k LTC by the end of this year, and 1M LTC by the end of next year - but the only way they'd be able to do this is by issuing a shit ton of shares. I don't think they can issue debt in a similar way to MSTR.
They recently issued shares at
$0.15. Assuming their average LTC purchase price would be around
$80, that's over 500M shares that need to be issued to finance their purchases. They could theoretically R/S again and issue less shares, but still the same outcome either way.
Think I'll wait a few months.