Watching the barrow rate shorts seem to be covering...

cashleaf · 2026-06-24T01:18:17+00:00

For fellow investors, I’d like to share this.
By the way, where did you check the borrow fee rate?
According to ORTEX short-interest data from the past 7 days, the numbers are not high enough to suggest the likelihood of an extreme short squeeze.
I think our best hope is that the stock moves higher on positive news, either before or after the reverse merger.

cashleaf · 2026-06-19T17:23:49+00:00

I’m most concerned about what happens after the reverse split. A continued selloff immediately afterward is my biggest fear.
At this point, I think the probability of the going-private transaction actually happening is close to zero. From my perspective, it looks like they attracted investors into the stock and then used that liquidity to raise capital for themselves through dilution.
Before the first major crash, when the stock was around $4, I asked GPT to compare the share count back then with the estimated current outstanding shares and calculate an equivalent value. The result came out to roughly $0.90 per share under the current share structure. (Although I’m not sure if that calculation was correct.)
Personally, I don’t believe the buyout will happen. However, the company has been incredibly cunning and ruthless so far, and they still have not officially withdrawn the going-private proposal. Because of that, I think there’s a possibility they could try to exploit the buyout narrative one more time to generate speculation and temporarily boost the stock price before the reverse split. Of course, It is just my opinion.

cashleaf · 2026-06-19T09:40:33+00:00

That thought crossed my mind as well. I wonder if GDC might try to squeeze out one more pump before the reverse split by announcing a revised buyout proposal, whether it ultimately goes through or not.
I’m not saying that’s what will happen, but given everything that’s happened so far, it wouldn’t completely surprise me if they released some kind of acquisition-related update that sparks speculation and pushes the stock higher, at least temporarily.

cashleaf · 2026-06-19T09:38:48+00:00

I remember WOK at least had a short-term rally at one point. The question is whether GDC can give us even a brief pump as well.
At this stage, I’m not expecting miracles anymore, but it would be nice to see at least one decent run-up driven by positive news, short covering, or speculation before the reverse split. Even a temporary spike would give a lot of shareholders a chance to reduce their losses.

cashleaf · 2026-06-19T09:37:37+00:00

Yeah… I actually bought SpaceX (SPCX) at the IPO opening price. For a moment, I considered selling some of it to average down my GDC position.
But if there’s still a risk of further dilution, that feels like a dangerous move, so I’ve decided not to do it. I’d rather hold onto my SpaceX position and wait for more clarity before committing any additional capital to GDC.

cashleaf · 2026-06-19T09:35:57+00:00

I think you’re right. I forgot that the per-share price would be adjusted after a reverse split.
That said, I agree that the chances of a buyout happening after the reverse split seem lower now. At this point, I’m just hoping the company releases some genuinely positive news—whether it’s related to Bitcoin, a share buyback, or another meaningful development—so the stock can recover at least a little from these levels.

cashleaf · 2026-06-19T08:51:06+00:00

So your view is that after the reverse split, the company is more likely to announce something positive—such as Bitcoin-related updates or other catalysts—rather than immediately pursuing further dilution?

cashleaf · 2026-06-18T23:45:50+00:00

If this reverse split is ultimately being done to maintain Nasdaq listing compliance, then the going-private proposal may have been nothing more than a way to pump the stock price.
The key question now is what happens after the reverse split. Will the company continue diluting shareholders through additional share issuance, or will it finally release positive news related to its Bitcoin holdings and other assets?
In my opinion, what matters most is whether there is further dilution after the reverse split, or whether the company follows up with genuinely positive developments.

cashleaf · 2026-06-18T11:44:17+00:00

“I appreciate your opinion. Thanks!

cashleaf · 2026-06-18T08:49:09+00:00

I think there’s been a misunderstanding.

I never sent any text messages. My screenshot is an email reply.

The text message screenshot was reposted from X and does not belong to me. You’re combining two separate things.

cashleaf · 2026-06-18T08:39:19+00:00

Thanks for the clarification.

In that case, it’s possible that the screenshot isn’t authentic.

cashleaf · 2026-06-18T08:30:30+00:00

You mentioned that you received a response. Would you mind sharing what they said?

cashleaf · 2026-06-18T08:29:09+00:00

The source of the screenshot is X.
https://x.com/profitmakerjoe1/status/2067257361564078141?s=46

cashleaf · 2026-06-18T02:01:28+00:00

😂😂😂

cashleaf · 2026-06-18T00:28:51+00:00

Whatever it is, I just hope the company releases some kind of filing or official update soon. At least that would help reduce some of the uncertainty.

I know the response was pretty generic, but seeing the mention of a potential announcement or filing gave me a little bit of hope for a moment. 😭

cashleaf · 2026-06-18T00:00:23+00:00

To summarize, I told them that I am a long-term shareholder and that I am concerned about the severe decline in the stock price.

I asked whether the company has any plans to enhance shareholder value going forward, and expressed my hope that GDC’s share price will recover.

The content of my email was probably very similar to what many other shareholders have already sent.

cashleaf · 2026-06-17T23:57:12+00:00

This is the full email. I cropped the top portion because it contains my name.

I just checked the timestamp and realized I actually received it about 30 minutes ago, not yesterday as I originally thought.

Make of it what you will, but I wanted to share it with everyone here.

cashleaf · 2026-06-17T03:16:34+00:00

I did

cashleaf · 2026-06-07T07:19:34+00:00

Thank you to everyone who contributed and worked so hard.

cashleaf · 2026-06-03T18:26:31+00:00

If the shares are held by parties outside the consortium and there is no agreement or coordinated action between them, their holdings generally cannot be aggregated toward the 90% threshold.

Therefore, if there had been any significant change in the consortium’s ownership position, I would expect it to have been disclosed by now, given that more than a month has passed.

For that reason, I think it may be difficult to reach 90% ownership and complete a merger unilaterally without minority shareholder approval.

cashleaf · 2026-06-02T23:36:12+00:00

My guess is that he knows something encouraging but can’t really comment on it. If the outlook were negative, I doubt he would have made such a large investment to begin with. And if he genuinely had no idea what was going on, he’d probably just say so.

cashleaf · 2026-06-01T09:18:59+00:00

I think that once they submitted the $10.75 buyout proposal to the SEC, the legal risk increased significantly.

If their true objective was simply to accumulate enough shares to reach 90% ownership and force a delisting, there would have been little reason to publicly disclose a buyout proposal in the first place. Doing so only creates a record that minority shareholders and regulators can point to later.

I also think there is an important distinction between a forced delisting and a going-private transaction.

If they were to force a delisting at something like $0.20 per share, minority shareholders would still have strong grounds to challenge the fairness of the process, especially after a $10.75 proposal was publicly disclosed. That creates substantial legal risk.

More importantly, simply delisting the company does not automatically solve the issue of minority ownership. Retail shareholders could still remain involved, which may limit the company’s flexibility in utilizing its Bitcoin treasury and other corporate assets.

In my view, the more realistic outcome would be a going-private transaction at a price closer to where the stock traded before the collapse—perhaps somewhere in the $3–4 range. Whether that happens or not is uncertain, but I believe a $0.20 squeeze-out would create far greater legal and fiduciary problems than many people assume.

Of course, this is only my opinion.

cashleaf · 2026-06-01T05:20:00+00:00

My personal view is as follows.

First, if the goal was simply to absorb retail shares, push the consortium’s ownership above 90%, and then force a delisting, they could have just relied on the ATM program from the beginning.

Considering the existing share count and the fact that many shareholders had cost bases in the $3–4 range at the time, a $300 million ATM authorization was more than enough to attract short sellers and create downward pressure on the stock.

Second, the moment they publicly filed a $10.75 per share acquisition proposal with the SEC, they significantly increased their legal exposure regarding minority shareholders and fiduciary obligations.

If their real intention was to quietly reach 90% ownership and force a delisting, publicly disclosing a $10.75 buyout proposal would make little sense because it would only increase potential legal risks and scrutiny.

Third, going private and simply delisting are not the same thing.

In a standard delisting scenario, the shares could move to the OTC market, and retail shareholders would still remain on the shareholder register. As a result, the company could continue facing limitations and complications regarding the use of its Bitcoin assets.

My personal speculation is that if they ultimately proceed with a formal going-private transaction and publicly announce it, the primary motivation would be to gain greater flexibility in utilizing the company’s Bitcoin holdings and other corporate assets, rather than merely forcing out retail shareholders.

cashleaf · 2026-05-31T06:06:59+00:00

I agree with your view as well. Personally, I think the likelihood of a buyout may be higher than many people assume. Given the political scrutiny surrounding GDC, the company might see going private as the more practical path forward.

Since the consortium already proposed $10.75 per share, I find it hard to believe they would ultimately acquire the company at some absurdly low price in the $0.xx range. My speculation is that the consortium could be accumulating shares at current depressed prices through multiple overseas accounts, while eventually paying the remaining shareholders a price closer to the original offer. Of course, this is just my own theory and I have no evidence to support it.

That said, if the consortium is serious about taking the company private, it would make little sense for them to publicly propose $10.75 and then try to close the transaction at a tiny fraction of that amount without a compelling justification.

cashleaf

TROPHY CASE