$Robostrategy(BOT.US) is the biggest red flag.
NAV is $7.34/share. The stock is now trading at $37.92.You are basically buying Figure at $200B+ while it’s valued at $39B.Buying the company is just trading pyramid float dynamics off other retail.Not the appreciation or underlying fundamentals. To make matters worse: There’s $2B dilution as valuation arbitrage as you all get diluted to oblivion. I got a lot of fund managers dming influencers like myself about it but in reality:Retail just looks like exit liquidity.Source: Serenity