Dec. 5 at 12:03 PM
$STRD I'm starting to fall in love with this... Would welcome feedback from the group as to whether any of my assumptions are wrong. 1) Behaves and is treated much like a bond - so in case of company liquidation etc pref share holders get paid their
$100 per share back after debtors are repaid (given the large treasury of bitcoin one would assume that pref shareholders would likely be ok). 2) Because MST is out of favor and bitcoin is down at present, the 10% coupon is now an effective 12.5% dividend (ie
$10 per year for each share on an
$80 price is 12.5% return). 3) This return is fixed and will remain in place until the company liquidates the shares or fails. 4) Liquidation value is
$100 per share, so there is 25% upside on top of the 12.5% guaranteed return. 5) If MSTR or bitcoin goes crazy high again, then the price of these pref shares could actually rise above
$100 as 10% return on a very stable company is exceptional.
