Crazy! While it is legitimate to question a company’s business model or criticize certain practices, making allegations as Fuzzy Panda did against EOSE— in case it’s without evidence—would be criminal in my view. Unless their statements are fully substantiated, such actions should have legal consequences, since this goes beyond protected free speech. As I am not familiar with the exact wording of their accusations, it is possible they formulated them to be legally compliant.
Regardless of one’s opinion, the damage has been done. Not all stocks recover from such events. Last year, I was invested in MSTR while shares were around $450 / 470. Following Citron’s report, the stock dropped and is still trading about 40% below that level.
Since Fuzzy Panda is anonymous, they can write whatever they want. $APP had top-tier lawyers from Quinn Emanuel, but I haven't heard anything about the result. The core problem with $MSTR, $BMNR, and other crypto accumulators is that they trade at a premium to the underlying currency they hold.
There are upsides—you can buy options and capitalize on massive swings. Otherwise, it's simpler to just buy the crypto directly.
Banks bought $MSTR convertibles under these terms:
So at $270, both tranches are deep out of the money—nowhere near convertible yet. Holders won’t convert unless the stock roughly doubles (for the 2030s) or triples (for the 2029s).
Will the banks provide objective coverage? That’s a huge question. That's why the market stopped paying attention to anonymous short sellers. And non-anonymous ones too: Hindenburg Research closed down.
Really interesting breakdown. The scale and timing of the short-seller reports does feel unusual, and your point about the need for stronger investor communication is spot on.
I eventually sold half of my Apploving bc I grew impatient and tired of constant volatility. I can’t say that companies care about the reputation that much bc investors have a short memory. It’s extremely difficult to find any info on many companies between the earnings
Crazy! While it is legitimate to question a company’s business model or criticize certain practices, making allegations as Fuzzy Panda did against EOSE— in case it’s without evidence—would be criminal in my view. Unless their statements are fully substantiated, such actions should have legal consequences, since this goes beyond protected free speech. As I am not familiar with the exact wording of their accusations, it is possible they formulated them to be legally compliant.
Regardless of one’s opinion, the damage has been done. Not all stocks recover from such events. Last year, I was invested in MSTR while shares were around $450 / 470. Following Citron’s report, the stock dropped and is still trading about 40% below that level.
Since Fuzzy Panda is anonymous, they can write whatever they want. $APP had top-tier lawyers from Quinn Emanuel, but I haven't heard anything about the result. The core problem with $MSTR, $BMNR, and other crypto accumulators is that they trade at a premium to the underlying currency they hold.
There are upsides—you can buy options and capitalize on massive swings. Otherwise, it's simpler to just buy the crypto directly.
Banks bought $MSTR convertibles under these terms:
• 2030 notes: conversion price \approx $433.43/share
• 2029 notes: conversion price \approx $672.40/share
So at $270, both tranches are deep out of the money—nowhere near convertible yet. Holders won’t convert unless the stock roughly doubles (for the 2030s) or triples (for the 2029s).
Will the banks provide objective coverage? That’s a huge question. That's why the market stopped paying attention to anonymous short sellers. And non-anonymous ones too: Hindenburg Research closed down.
Really interesting breakdown. The scale and timing of the short-seller reports does feel unusual, and your point about the need for stronger investor communication is spot on.
I eventually sold half of my Apploving bc I grew impatient and tired of constant volatility. I can’t say that companies care about the reputation that much bc investors have a short memory. It’s extremely difficult to find any info on many companies between the earnings