Replying to Avatar TallBrian

XXI will enter the market using a SPAC (special purpose acquisition company). Currently CEP is the vehicle they have proposed using. I own it and it looks like they did some sort of split? Haven’t followed the specifics but the way I understood it is CEP will convert to XXI once approved by the SEC who is currently shut down as part of gov shutdown.
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Comte de Sats Germain 2mo ago

Ah, cool, so I should look up CEP. Good to know!

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Comte de Sats Germain 2mo ago

So, been researching more, and it seems like there's some danger in owning CEP. After the merger, the XXI shares outstanding will be 70 million, which is several times more than CEP has currently. So maybe current CEP shareholders get super diluted. Or maybe it won't matter, since the purpose is to maximize bitcoin per share. Idk, could go either way.

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Comte de Sats Germain 2mo ago

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd wanna enlighten us? Very curious about what your company is doing

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TallBrian 2mo ago

He can’t. He’s in a “quiet period” since he has active filings with the SEC for a SPAC merger. It’s illegal for him to discuss until after the merger gets approved or denied. He gives the updates he is allowed to suing him Monday livestream show on YouTube which is one of the best Macro podcasts on the internet.

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Comte de Sats Germain 2mo ago

Oh yeah... I knew that! Lol. Anyways, I don't think I'll be buying the stock. Jack is awesome, but I'm not so sure about his business partners over at CEP.

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TallBrian 2mo ago

I only own a little. It’s my gambling money and it’s locked in an IRA. Beats holding S&P500 (ethically).