Public company

When I learned that Reddit was becoming a public traded company, I immediately left the communities that I was a moderator of because it makes no sense. It's going to be a public company just like Facebook, Twitter, Google. Why should I be working for free for a massive, publicly traded company, and advancing or making their product more profitable? It's Like doing charity absolutely for free, for a massive company in corporation. It makes simply no sense! Why do people do this?

Edit: to the people asking why anyone would be a moderator before the IPO is simple. It wasn't a publicly traded business, it was more of a discussion board. Now, it's a full-blown stockholder driven corporation They are infusing with ads, transactions, machine learning. It's like expecting people to work for Netflix completely for free

So exactly 3 years ago Michael Saylor's company MicroStrategy decided to start to go all in on Bitcoin. Their first purchase was a pretty big one, and they paid exactly quarter of a billion to add almost 21,500 Bitcoins to their balance sheet. That means their first average buy has been 11.6k USD per one Bitcoin.

Since then they just started accumulating even more, and at a very steady rate, and their average buy is now at $29,672 per bitcoin with a total cost of $4.53 billion USD. Considering Michael Saylor and his company are constantly buying it's no wonder they averaged up their avg Bitcoin price purchase, and it is even lesser surprise that their average purchase is equivalent to current BTC prices.

With almost $5 billion in BTC purchases so far, Michael Saylor is basically betting his whole company on success of Bitcoin. Company basically became a Bitcoin ETF in last 2 years, and if Bitcoin truly skyrockets even more one day, especially since a lot of people expect that to become true maybe year after Bitcoin's next halving, Microstrategy could become one of the most valuable companies in the world, especially if they keep accumulating even more during bear market.

I stated a company on a shoe string budget and within 8 months we licensed are main product to a public company. Part of the package was our software, product and logistics. In addition, they had first right of refusal on other business we signed up.

Long story short, they strung us out for over a year with numerous excuses as for the delay in launching the product. We put all our eggs in one basket and helped them set everything up on their end and train employees.

As time dragged on communication became non existent. Neither party ever canceled the 5 year contract. Around year 4 I noticed they started advertising our product. When I contacted them for an update they acted like they never heard of me. I sued them, but could not continue they lawsuit as they drug the case out and I could no longer afford the cost to compete with a large public company.

I learned a lot. I guess I have the most expenses MBA in history.

Our

I have been reading in closer detail after some discussions on Superstonk this week and looked into the legal firm that has been contracted to advise the company and oversee any offering that may be in the works.

At the end of Part 1 under LEGAL MATTERS (page 19), it states:

Certain legal matters with respect to the securities to be offered by us by means of this prospectus will be passed upon for us by Olshan Frome Wolosky LLP. Additional legal matters may be passed upon for any underwriters, dealers or agents by counsel that we will name in the applicable prospectus supplement.

Exploring their website a bit, I found that they have .

Now, we know that Ryan Cohen bought his first stake in GME in 2020, but he didn't become board chairman until June 2021.

Lets look at the .

What do you know? The filing was prepared by Troutman Pepper Hamilton Sanders LLP.

They seem to be a typical, higher end law firm with a broad range, but lacking the focus of our new suits. The is decent for a specialty retailer, but would be inadequate for the holding company transformation we are in.

Kinda like upgrading from Kim at Schweikart & Cokely from Better Call Saul to Harvey Spector at Pearson Hardman from Suits. Bullish.

Two years ago, other hawk-eyed apes noticed it when it happened. But it is still a great reminder!

See the threads below. * *

The stock price has fallen back significantly from recent highs but at $100.81 it is still valued at 4x the May IPO price. That’s a lofty 36x trailing revenues and many insiders may consider it wise to lock in at least some of that profit now and diversify their risk.

This is not a recommendation to buy or sell. Stocks are risky and not suitable for everybody. Please do your own research.

Read this if you haven't first (not by me, but it's an excellent article):

Wise is basically doing the Costco model and it's working.

I've done a lot of research on them over the past month and just wanted to do a data dump of my thoughts and numbers here in case anyone else has any points/counter-points. I'm not going to spoonfeed this to anyone cause I cba. The basics are this:

• Wise has an insane LTV/CAC ratio given it's customers word of mouth marketing. It's so good that they are in fact underutilised their marketing spend and should be spending more on marketing.

• They have an extremely low WACC due to most of their business being in the stable Non-financial services sector (remittances) which is non cylical.

• They are killing their closest Remittance competitors. Remitly is doing REALLY bad in comparison if you check my below numbers.

They spend a much higher portion on marketing only to get worse LTV/CAC results. Their business model is far supeior than Remitlies as they have their own Infra built in all partner countries, whereas Remitly has to do partnerships and so the partners take a rate cut as well I think.

Remitly is going into too many business segments it seems, their glassdoor reviews have become terrible and this is a common complaint.

Wise will continue to take market share from others like Xoom, WU etc too.

• Wise has branched out into other related features such as debit cards and interest on stocks, bonds. This means they are now starting to compete with other digital banks like Revolut. I actually think revolut is in trouble in the long term. If you are doing any type of FX converions, you aren't going to use Revolut as they have much worse FX rates (I cancelled my Revolut because of this). You will use Wise and then the add-on features like stocks, bonds etc. Revolut cannot compete here because it takes a long time to build the FX infra that Wise has done.

• The above means Wise has a serios competitive advantage which will last >10-20 years and give them a superior ROIC > WACC for that time, I.e like Costco.

If you believe this like I do then the current share price is WAY undervalued.

This is the clearest BUY I have seen in a while. Look into them.

Comparison: Wise vs Remitly

Wise Numbers

Multi-account adoption %

Market Share and Metrics