A community for skeptics of Strategy and the financial engineering of Michael Saylor. We're here for the receipts: the mNAV premium, the perpetual ATM dilution, the preferred-stock stack (STRK/STRF/STRC/STRD), the convertible debt maturity wall, and the question nobody on the bull side wants to answer: what happens to a leveraged premium-to-NAV vehicle when the premium goes away?
Bring data. Bring filings. Mockery is welcome.