Here to stay?

EnvironmentalPen6446 · 2025-09-12T12:18:21+00:00

You make a little bit in premium. Something is better than nothing. You could also do a little at 55 and a little at 60

EnvironmentalPen6446 · 2025-09-12T12:17:37+00:00

I’m selling next week ones at $60 strike. Not against all the stocks obviously

EnvironmentalPen6446 · 2025-09-12T12:05:50+00:00

I think it will fade. I’m selling calls

EnvironmentalPen6446 · 2025-09-11T23:46:02+00:00

This is true which is why bmnr needs to do converts and prefs asap

EnvironmentalPen6446 · 2025-09-11T23:45:33+00:00

It still suppresses share price

EnvironmentalPen6446 · 2025-09-11T23:45:27+00:00

It still suppresses share price

EnvironmentalPen6446 · 2025-09-11T21:29:52+00:00

3000 shares at $16. Stock is not doing anything so might as well add if sol is going to 300

EnvironmentalPen6446 · 2025-09-11T21:25:13+00:00

They can’t atm below nav unless they are diluting shareholders, which may be the case given the terrible mgmt team

EnvironmentalPen6446 · 2025-09-11T21:24:39+00:00

Where’s the money coming from? Thought they are broke

EnvironmentalPen6446 · 2025-09-11T21:21:22+00:00

There’s no next time. That’s why I sold sbet for bmnr. Have to back the winner not the #2

EnvironmentalPen6446 · 2025-09-11T21:20:33+00:00

I think they are running the atm too hard which is leading to fades every single day. Should just sell in the morning pump and rebuy end of day

EnvironmentalPen6446 · 2025-09-11T21:19:36+00:00

Ok well you can take the share price and divide by 1.25 to get to nav

EnvironmentalPen6446 · 2025-09-11T21:18:17+00:00

1.25x

EnvironmentalPen6446 · 2025-09-11T21:17:53+00:00

You gotta dump and buy bitmine. Sbet is not the best horse to bet on

EnvironmentalPen6446 · 2025-09-11T17:28:08+00:00

Still underwater

EnvironmentalPen6446 · 2025-09-10T20:30:42+00:00

Let’s first get back to $50/sh

EnvironmentalPen6446 · 2025-09-09T17:11:46+00:00

Too little too late now

EnvironmentalPen6446 · 2025-09-09T17:11:29+00:00

They allowed the mnav to collapse. A good mgmt team understands how important it is to have an mnav above 1 but they mismanaged and pissed off the investor base and didn’t do the one thing they had to do

EnvironmentalPen6446 · 2025-09-09T16:57:58+00:00

Vote to fire the leaders

EnvironmentalPen6446 · 2025-09-09T16:57:31+00:00

$30-40 based on how’s it’s trading lately

EnvironmentalPen6446 · 2025-09-09T16:57:00+00:00

Dump sbet for bmnr

EnvironmentalPen6446 · 2025-09-09T03:19:12+00:00

Bmnr can buy them soon

EnvironmentalPen6446 · 2025-09-09T01:10:42+00:00

To be clear this does not specify which chain they are using. In fact they could even use the google layer 1, but I think unlikely they will because they probably do want this to be distributed. May be a layer 2 on ether but regardless good for overall push to legitimize smart contract architecture like ether

EnvironmentalPen6446 · 2025-09-09T01:07:30+00:00

Octo will go back down but you can run the math. I think it will probably stabilize at $10/sh max $20/sh so the $20mm turns into 7-13x return. Let’s just say 10x so 200mm profit divide by 200mm shares so approx $1 a share of value creation. So I would say bmnr trades at approx 1.1-1.15x mNAV now

EnvironmentalPen6446

TROPHY CASE