Michael Saylor speaks...

johnarb said:
Michael Saylor and Microstrategy team know what they're doing.
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How can you say that? The stock has dropped more than 80%
The company isn't profitable and isn't forecast to make a profit in the foreseeable future.
If we are worried about a margin call, the company has too much debt. And interest rates are rising. Exactly what is that they are doing right?
 
Elizabeth Holmes was also a billionaire, until she wasn't.

Saylor has the distinction of losing 6 billion in one day. But he is short of a genius, he has been a billionaire for a long time while doing nothing. A hedge fund once told him to get off his yacht and go to work. :)
 
deaddog said:
How can you say that? The stock has dropped more than 80%
The company isn't profitable and isn't forecast to make a profit in the foreseeable future.
If we are worried about a margin call, the company has too much debt. And interest rates are rising. Exactly what is that they are doing right?
More...

MSTR is a mature business that is no longer growing. I saw a video where Michael Saylor explained they generate income from operations which will be used to pay debt that was issued to buy Bitcoins

On the video, it was explained that the issue is the GAAP treatment of Bitcoin as treasury reserve whereby they have to use the lowest printed price of the year for Bitcoin which looks bad on paper, but does not affect their business operations

I'm too lazy to look up the video but if you want to disprove any of that, please feel free
 
Michael Saylor speaks...

Some people listen to him with wide-open ears.
Some people listen to him with closed ears.


MSTR chart speaks ....
and it says it will continue to go down to where it belongs.

But when the new management (if any) speaks,
all of us will listen with wide-open ears.
 
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johnarb said:
Michael Saylor and Microstrategy team know what they're doing. They've detailed the risks and it's nowhere near disaster unless Bitcoin goes below $5K

I seriously doubt Bitcoin will go below $5K
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MicroStrategy is not Bitcoin.

MicroStrategy is not a Bitcoin ETF.

MicroStrategy is a publicly traded corporation that pretends to be a tech company while operating as a holding company for Bitcoin.

It has over $200MM in quarterly operating expenses.

It has quarterly revenue of around $100MM and loses over $100MM per quarter.

MicroStrategy’s claim to fame is that it jumped on the Bitcoin bandwagon and its CEO became the de facto bandleader by hyping up Bitcoin on twitter and other media venues.

Michael Saylor deserves a lot of credit. He led a 20+ year failing tech company to the top of another bubble. The foray into Bitcoin was either out of pure genius or out of sheer desperation. Or maybe both.
 
savoir said:
MicroStrategy is not Bitcoin.

MicroStrategy is not a Bitcoin ETF.

MicroStrategy is a publicly traded corporation that pretends to be a tech company while operating as a holding company for Bitcoin.

It has over $200MM in quarterly operating expenses.

It has quarterly revenue of around $100MM and loses over $100MM per quarter.

MicroStrategy’s claim to fame is that it jumped on the Bitcoin bandwagon and its CEO became the de facto bandleader by hyping up Bitcoin on twitter and other media venues.

Michael Saylor deserves a lot of credit. He led a 20+ year failing tech company to the top of another bubble. The foray into Bitcoin was either out of pure genius or out of sheer desperation. Or maybe both.
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Before MSTR started buying Bitcoin, it was publicly announced and any shareholder can sell to the company and any shareholder that wanted to sell did sell

MSTR had $60/share (from memory) during that time. It sounds like you did your research on the numbers so I have no reason to doubt you, it's just not what I heard on the particular video interview
 
johnarb said:
Before MSTR started buying Bitcoin, it was publicly announced and any shareholder can sell to the company and any shareholder that wanted to sell did sell

MSTR had $60/share (from memory) during that time. It sounds like you did your research on the numbers so I have no reason to doubt you, it's just not what I heard on the particular video interview
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It survived in the era of free money and LBO’s. So did a lot of zombie companies.

Relying on PR interviews leads to a distorted view. Critical thinking does not seem to be a strong suit of Bitcoin hodlers.
 
savoir said:
It survived in the era of free money and LBO’s. So did a lot of zombie companies.

Relying on PR interviews leads to a distorted view. Critical thinking does not seem to be a strong suit of Bitcoin hodlers.
More...

Did you take into account the GAAP treatment of Bitcoin in your calculations that I mentioned?

if you only looked the yearly financial statement and divided by 4, that impairment of capital assets is the one I'm referring to

If btc goes to $5K anytime in the year and then goes to $100K and settles at $80K, the financial statement per GAAP would require $5K as btc price of the asset holdings

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savoir, I've tried very hard to keep my respect for you, but you tried very hard to destroy it, I can only surmise I must have offended you with one of my posts to the stupid morons of ET

Please let me know so I can publicly apologize to you and we can move on from all this negativity shit

:D:D:D:D:D
 
johnarb said:
Did you take into account the GAAP treatment of Bitcoin in your calculations that I mentioned?

if you only looked the yearly financial statement and divided by 4, that impairment of capital assets is the one I'm referring to

If btc goes to $5K anytime in the year and then goes to $100K and settles at $80K, the financial statement per GAAP would require $5K as btc price of the asset holdings

-----------

savoir, I've tried very hard to keep my respect for you, but you tried very hard to destroy it, I can only surmise I must have offended you with one of my posts to the stupid morons of ET

Please let me know so I can publicly apologize to you and we can move on from all this negativity shit

:D:D:D:D:D
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I always look at quarterly results. The numbers I used are rounded but they are good enough to get the picture. These are from my personal notes. I didn’t include losses from Bitcoin, “digital asset impairment losses.”

Do your own research if you distrust my numbers. Always good to do your own work.

About insulting me, you have me all wrong. I have nothing against you at all and don’t recall being offended by anything you wrote. Sometimes I just tweak your ear to see if you get riled up and lose focus. Nothing personal.

My humor is very dry and it can be taken the wrong way. I don’t do it to everybody. Just to the people that I think can take it in stride and that I enjoy bantering with. Ken Calhoun is another one.

Okay, I’ll tone it down a little.
 
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