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No one except the extreme fringe is arguing that crypto should not be regulated at all. The question is how, or, more critically, by whom? If crypto tokens are securities, the they can be regulated by the SEC. If they are not securities, then... what are they? And which federal agency, if any...

Here is Matt Levine's (Bloomberg) column on the Ripple ruling: https://tinyurl.com/230714bblevinemxrp This is a gift article. A Bloomberg subscription is not required. The link expires in seven days. I have not read the opinion yet. But I would be willing to wager a good sum of money that the...

Why are you putting the word worthless in quotes? That implies that they were not actually worthless, when in fact they did expire worthless.

Those numbers are not what you think they are. There was a reverse stock split, and it is very, very likely that the reason someone bought worthless call options that were way out of the money with almost no time left to expiration is because they did not understand that the option strike prices...

I think it was an algorithm that did not understand the adjusted options.

Did you actually read the whole article? Someone bought $5 million worth of call options that were clearly worthless. The options then expired worthless. Whoever sold them--probably market makers--made $5 million. Some jibbering idiot lost $5 million. Even assuming that the entire $5 million...

Well, sure, if you're prepared to spend a several million dollars on Chinese and American lawyers, then you should have no problem whatsoever setting up a company in China that is owned by US citizens. Good luck

Any US citizen who is even thinking about doing this oughta have their head examined :confused: The Chinese government will accuse you of spying for the US, and seize your firm's assets The US will accuse you of spying for the Chinese, or of failing to properly register as a "foreign agent,"...

Well, the name of the company alone would have made me suspicious... Cingulates are a class of animals. It includes horses, cows, and deer. Basically it's animals with hooves. Why would you name a drug company something like that?? Okay, wait a minute I'm thinking of ungulates Nevermind...

All secondary market. I have attached an updated sheet that includes the purchase date and the purchase price.

Why didn't you buy a 100 lot? :confused:

Well, since we're sharing... I've attached a list of our current bond holdings. @kmiklas Do you think we have any s#!t that we should sell asap before the Fed raises rates? ;)

What do you trade? I sent you a private message.

FYI the CEO of ARK Invest is Cathie Wood

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I don't think Pershing Square bonds are available to retail customers in the USA. If they are, they are certainly not baby bonds And I don't think Pershing Square holds CLOs I don't see how OXLCZ is "like Pershing Square"

@kmiklas was talking about buying new issue treasury securities through Treasury Direct to avoid any commission or markup, and then selling them through a retail brokerage account. My original post was about something completely different: baby bonds issued by Oxford Lane Capital that are...

The articles I have cited both say that CLOs do not have the same default rate, or the same risk profile, as CDOs. That doesn't mean they are correct. I have not tried to fact-check these claims. But the default rate is an objective fact, not a matter of opinion. I would not try to buy a CLO...

Okay, but in response to my general question in the original post about Oxford Lane baby bonds, you said "don't do it." Do you think the CLOs held by OXLC are likely to default?