that as The Pharmacist seems to want to imply to be Saylor's and/or MSTR's obligations in regards to their uses of company funds (by the way, this is not any kind of personal attack The Pharmacist.. I am attacking your pie in the sky ideas regarding public company obligations "to be responsible," "cookie cutter" "don't take risk" blah blah blah.. rather than you).
This is going to be my last post in this thread, as having to butt heads with stubborn and bitcoin-blinded members gets tiring.
Yeah.. because your ideas have been weak.. especially in regards to Microstrategy and your ongoing desires to impose obligations on them that do not exist.
You will be back.. unless you are merely trying to perform a lame-ass mic-drop. Is this meant to be a mic drop?
MSTR's bitcoin purchases are straight-up gambling, there's no two ways about it.
I don't think so. You are being too absolutist.. again.. .want to be right, it seems. There are two ways about it (and even more than two), especially if we consider gambling versus investing to exist on spectrum of gradients rather than absolutes, and in that regard there exist more pure forms of gambling that are on the furthest end of the gambling spectrum that have ONLY luck and there are less extreme forms of gambling that are less far out into the extreme that involve luck and skill.. and then with investing there would be more conservative forms of investing that would exist on the further end of the spectrum and more risky forms of investing that contain more risks.. so they may well overlap with gambling and/or people are likely going to define some of the potentially overlapping areas in ways that do not agree, so the mere fact that you want to call behavior to be gambling does not necessarily make it gambling merely because you would like to define it as gambling.. just for shock value.. or you want to be right or you want to act like a dogmatic absolutist in the way you define matters.
Taking on debt to buy it instead of returning any profits to shareholders (though I don't think there are any since there's no P/E number to be found that's not negative) or plowing it back into the core business is irresponsible--
Good for you. You are showing your work, and showing the reasons why you come to different conclusions in regards to MSTR not being a good investment. I would recommend either to sell your shares or not to buy any shares.. or maybe short the company if you are so confident in your cocksure doom and gloom assessment.
and I'm telling you that all the red flags you need are right in front of you,
Thanks for letting me (us) know. We see things differently, and it is not like I am, buying (or otherwise trading) any MSTR stocks..
I have my own BTC stocks that I bought (and maintaining), and what you are telling me does not really move my needle.. but hey, you may well be doing a public service, so maybe you are going to save some other bitcoiners from their having high confidence in MSTR.. or at least not to let them know about "reality" in regards to the ongoing doom and gloom that you are feeling/thinking..
in addition to Saylor "stepping down" as CEO just after an enormous hit to their financials, due to...guess what? Saylor's bitcoin buys.
You are like those cave people looking at shadows and trying to infer "reality" meaning from them (It's called Allegory of the Cave - for anyone who has not heard about it). In other words, Saylor's stepping down did not likely have much if anything to do with "negative performance".. because he can do whatever he likes.. He owns something like 70% or more of the voting shares... You are reading too much into a set of facts that hardly have anywhere close to the significance as you are ascribing to them - as if he got voted out or some bullshit like that.. when the votes are not there to do anything other than what Saylor wants to do.
Another funny thing is that you seem to conclude is that Saylor has been stopped from his irresponsible bitcoin buys, but he just bought another $6million and issued equities that allow up to $500million in additional bitcoin buys, if he so wishes... Totally up to him... So how exactly does his stepping down as CEO affect his past "irresponsible" bitcoin buys? Your logic, if any, is not too strong on this point The Pharmacist.
And Saylor's 2000 settlement with the SEC for misreporting financial results.
So fucking what?
And Saylor being sued by the DC AG for tax fraud.
Another so what.... Have you heard of due process? and presumption of innocence? Do you think those ideas are thrown out with American Tax law? Do you speculate that Saylor is going to be lacking in legal counsel or even lacking in terms of the facts? Don't jump to conclusions too quickly.. just because you want to gather facts to support your allegations of Saylor's recklessness.
And this (from my brokerage's analysis page):
MSTR is one of the most highly leveraged companies in the Software industry and has a Debt to Total Capital ratio of 108.55%. Additionally, the percentage of debt used in its capital structure grew this year. The company may have difficulty making interest payments. Its Interest Coverage ratio of 0.02x is among the highest in the industry but shows that earnings from day-to-day activities are too small to service the debt.
Hm? I wonder if that is true? MSTR cannot service their debts with their cashflow? From my understanding MSTR only has a couple of loans that have terms that expire between 4-6 years from now.. and they did not seem to be very high debts or even very outrageous terms, and MSTR used to have monthly profits between $10million and $30million, and sure, maybe some of that cashflow had dried up, but I have my doubts that MSTR's cashflow (and profits) have dried up as much as you and your little buddy brokerage firm makes it out to be.. One of their first loans was a little over a year ago, and it was for either 5 years or 7 years, so maybe one of their current loans is due 3.5 years from now, but they have nearly $2.5 Billion, even at current prices, so if worse comes to worse, they could sell some of their bitcoin, but so far, they are choosing not to sell any bitcoin and to buy a bit more here and there along the way...
I suppose if your brokerage's analysis is telling you those kinds of cashflow problem facts, then their rendering of the facts must be true, no?
They know what to recommend and what not to recommend, right?
Did they recommend to short MSTR earlier in the year? Like prior to May? That would have been a good short.. but if you are shorting them now, you might not fair as well as you would like in 6-18 months.
And I could probably list more red flags,
I am sure that you could show more red flags in regards to MSTR, and are you a man of action, or just words? how are all of your bags full of supposed red flags going to work out for you? You going to act on them? Is there anything bettable to your words, or are you just saying things without acting upon them?
but I'll leave it at
this.
Of course, if there is potential money in a class action lawsuit, then there will be some folks (law firms) figuring out if they might be able to make a buck or two off of the situation. Let's see if they actually file a lawsuit without any evidence. .or if they are just grasping at straws.. Of course, experienced law firms need to at least be able to make a colorable claim.. otherwise they might get stuck with a counter-suit or they might get stuck paying the legal fees of the other side.
I had already mentioned that I would not be surprised that there might be some losers out there who are going to file a claims against Saylor / MSTR to either harass him and his company and to denigrate bitcoin.. and it may well have hardly any bearings.. but there are a bunch of anti-bitcoin nutjobs (perhaps you are in that group The Pharmacist, too) who would be harassing Saylor/MSTR for political reasons rather than actually having any kind of reasonably winning basis under the law. I largely already discussed those kinds of dynamics that you want to repeat for some reason... and act as if there would be any kind of actual colorable claim under current law to go after Saylor for Breach of Fiduciary duty.. when it is most likely that he and MSTR have gone through more than sufficient and adequate disclosures.. which is all that he is really required to do.. even though you and your dweeb law firm (and maybe your dweeb broker too) would like to act as if there is some other standard.. all because you all are so much smarter than everyone else regarding what Saylor's and/or MSTR's legal disclosure
(fiduciary duty) obligations are..
I have little doubt WeissLaw is going to be the first to bring on the shareholder lawsuits, with one caveat to that sliver of doubt: if bitcoin starts to rocket upward, the MSTR shareholders might be inclined to forgive and forget. But right now? When you've got a 5-year price chart that looks like this:
Well, I warned you.
Great in regards to your supposed insider (smarter than everyone else knowledge), and we already covered this. The mere fact that the price went down does not cause Saylor/MSTR to be liable so long as they had adequately disclosed their decision to invest in bitcoin in advance... enough so that the shareholders had a chance to choose for their lil selfies if they wanted to be in or out (and/or how much?) or if they wanted to short MSTR. There's also a presumption of "big boy" status in the law, too... for the dumbass whiners who expect that there is some kind of wisdom in Monday morning quarterback analysis... but hey, you are smarter than everyone else, right The Pharmacist? You have been whining about this for a year, right? Of course, you knew more than everyone else, even a year ago, right? That's why you are a secret billionaire, and you are gracing us with your presence out of pure good will and purity of heart, right?
