Aug. 25 at 3:17 AM
$RUMBW Massive dilution: Class A shares went from 215 million to 276 million in six months through the Northern Data deal, plus 98 million hidden pre-funded warrants to Tether at an exercise price of 0.0001 dollars.
More on the way: a 317 million euro note to Tether convertible into shares by June 2027, authorized capital raised to 1.4 billion Class A shares, and a new warrant signed on August 23 for 50.8 million shares at a one cent exercise price.
No buyback in 2026. The 525 million dollars was in 2025 only. And zero open market insider buying, every Form 4 filing is just RSU and option compensation.
Bottom line: there is no smart money accumulation here, there is an issuance machine running nonstop. RUMBW with its 11.50 dollar strike takes the hit twice, on dilution and on time decay.
