Sep. 4 at 9:23 PM
$OBLG OBLG Reality Check
TAO price:
$314 (below OBLG’s
$328–
$331 buy-in) → Treasury still underwater. OBLG stock:
$2.67 → sliding lower despite all the squeeze talk. Borrow fee (CTB): ~410% APR, but with 80K+ shares available to short → shorts aren’t trapped. Short interest: only ~9–12% of float, Days-to-Cover < 2 → easy to cover.Dilution risk: S-3 filings + warrants = every rally gets capped.High CTB didn’t stop the stock from falling from
$4.80 →
$2.67. Without a TAO rebound or real fundamentals, there’s no squeeze — just a slow bleed. Here’s the OBLG NAV per share vs. TAO price chart 🔵 Blue line = OBLG’s NAV/share if it were valued purely on TAO holdings.🔴 Red dashed = OBLG stock price (
$2.67).🟢 Green dashed = Current TAO price (
$314). The chart shows that with TAO at
$314, OBLG’s NAV is below its stock price, meaning the market is still pricing in a premium despite the treasury being underwater.
