Seeing David Bailey brag about top blasting a bn, which was actually not a bn, nor done on the timeline he set, should be a nice reminder. These are not proven management teams, or even prior public market participants. Before becoming a treasury co every shell or penny stock was trading at a discount for a reason. I for one am not taking the time to vet for skeletons when I could just own the underlying.
Now my question is how low do we go before we start popping treasury companies?
I understand it is cold hearted but I enjoyed buying the Luna, 2AC, FTX (etc) liquidation cascade and I would do it again if I got the chance.
