bigmagicdao's profile picture. # semi-retired # prev @_btcinc @wxblockchain

Molly

@bigmagicdao

# semi-retired # prev @_btcinc @wxblockchain

Przypięty

Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…

bigmagicdao's tweet image. Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…
bigmagicdao's tweet image. Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…

Here’s why you shouldn’t buy NAKA, no matter how low the mNAV is: mNAV means nothing when the Bitcoin they claim to ‘hold’ isn’t actually theirs. Don’t touch it until they publicly disclose exactly how much of their BTC has been pledged as collateral.

NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. The company retired its $200M Yorkville convertible note using a $203M credit…

bigmagicdao's tweet image. NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. 

The company retired its $200M Yorkville convertible note using a $203M credit…
bigmagicdao's tweet image. NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. 

The company retired its $200M Yorkville convertible note using a $203M credit…
bigmagicdao's tweet image. NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. 

The company retired its $200M Yorkville convertible note using a $203M credit…


Gm gm

bigmagicdao's tweet image. Gm gm

We have an exit liquidity crisis.


Naka NT-10Q recap: 1.Missed the quarterly filing. 2.The numbers explain why:  • $1.4M realized loss  • $22.1M unrealized loss  • $14.5M debt-extinguishment loss  • $59.8M merger loss  • +$21.8M FV gain Net loss: ~$75.8M. You’d miss the deadline too if you quarterly looks…


Molly podał dalej

David Bailey tried to hijack Bitcoin’s credibility while dragging along fiat-era debt, bad accounting and a bloated acquisition they never understood. This $NAKA filing exposes a company collapsing under the weight of Bailey's vanity & incompetence. Loss after loss after loss.

Completing SEC filings on time is hard. sec.gov/Archives/edgar…



Naka raised about 750m ish and paid 179m in fees , lol

Banks printing silly amounts of cash from DAT mania > Cohen Capital Markets disclosing $179 million ($20m cash + $159m shares) in fees for the $NAKA / Kindly deal ($740m raised) > Fwiw even though total # is nutty, don't think they're doing anything wrong. Just providing a…

TheOneandOmsy's tweet image. Banks printing silly amounts of cash from DAT mania 
> Cohen Capital Markets disclosing $179 million ($20m cash + $159m shares) in fees for the $NAKA / Kindly deal ($740m raised)
> Fwiw even though total # is nutty, don't think they're doing anything wrong. Just providing a…


This is the dumbest trade I ever seen.

bigmagicdao's tweet image. This is the dumbest trade I ever seen.
bigmagicdao's tweet image. This is the dumbest trade I ever seen.

Molly podał dalej

Pretty sure crypto is currently pricing in the fall of Donald Trump Stupid reason to nuke but given the market is weak, it takes any excuse it's given And given the entire crypto sector foolishly sucked his dick and went all in on him for some brief temporary gains while he…


Friendly reminder: this is a misleading tweet. 13F ≠ institutions buying your stock. BlackRock/Vanguard hold tiny positions in thousands of companies because index rules force them to. Their microscopic positions only look ‘big’ on NAKA’s shareholder list because there were no…

bigmagicdao's tweet image. Friendly reminder: this is a misleading tweet. 13F ≠ institutions buying your stock.

BlackRock/Vanguard hold tiny positions in thousands of companies because index rules force them to.

Their microscopic positions only look ‘big’ on NAKA’s shareholder list because there were no…

Advice to CT “life coaches”: Stop giving life advice. Especially pretty, recycled clichés.


Molly podał dalej

Molly is correct: Post-2020, Trump stared down a $454 million civil fraud judgment in New York that had the state gearing up to seize properties like 40 Wall Street if he didn't pony up. He dodged it by posting a slashed $175 million bond.

After Trump’s last term, his assets got frozen. And this term he’s in it for the money even more. But legacy wealth only survives if you have power , and power doesn’t last, and it sure can’t be inherited. Bitcoin is the only asset today that’s free from power politics.He knows…



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