343PG on Nostr: Fantastic note as always BenWerkman . Keep going with Nostr content! Starting to get ...
Fantastic note as always BenWerkman (nprofile…7jq0) . Keep going with Nostr content!
Starting to get my head around the STRK issuance - this and the Jeff Park mini paper were good for this.
As to why anyone would ever sell STRK once the value of 1/10th of the share price is more than the STRK value, I think the only answer is - if as the investor you just want/need to sell at that particular point in time? And if conversion is greater than STRK then conversion is the logical path to realising the greatest value.
If you don't need to sell and realise the value of what you own, then you're just going to sit on the option in perpetuity and collect the 8%? Seems really unpredictable therefore how much of STRK will ever be converted, as it's largely down to the time preference of the holders.
Final question, in terms of potential ATM issuance of this going forwards, what does the world look like where MSTR trades at $1,500 (say) - is STRK still going to be issued but with the price reflective of the equity conversion having much more value within it than at $350? Or is this a mute point and by that point they have STRK2 issued.
#mstr
#asknostr
#strk
PunterJeff (nprofile…4knj)
Starting to get my head around the STRK issuance - this and the Jeff Park mini paper were good for this.
As to why anyone would ever sell STRK once the value of 1/10th of the share price is more than the STRK value, I think the only answer is - if as the investor you just want/need to sell at that particular point in time? And if conversion is greater than STRK then conversion is the logical path to realising the greatest value.
If you don't need to sell and realise the value of what you own, then you're just going to sit on the option in perpetuity and collect the 8%? Seems really unpredictable therefore how much of STRK will ever be converted, as it's largely down to the time preference of the holders.
Final question, in terms of potential ATM issuance of this going forwards, what does the world look like where MSTR trades at $1,500 (say) - is STRK still going to be issued but with the price reflective of the equity conversion having much more value within it than at $350? Or is this a mute point and by that point they have STRK2 issued.
#mstr
#asknostr
#strk
PunterJeff (nprofile…4knj)