If they are going public they are going to have to fight off sustained attempts to dilute the stock through naked shorting by entities brought into existance solely to take on the liability risk to fight the threat this holds to entrenched interests.
I would NOT invest in this. In case anyone was considering doing so.
In any case, this only works if there's a concentrated effort to obtain the float in this manner. That will require $825 million dollars to accomplish, less if the price tanks, but still too much to effectively tackle without serious sustained buy pressure and an information campaign I'm not sure TD is up for.
If they are going public they are going to have to fight off sustained attempts to dilute the stock through naked shorting by entities brought into existance solely to take on the liability risk to fight the threat this holds to entrenched interests.
I would NOT invest in this. In case anyone was considering doing so.
YOLO
I DGAF I’m buying some DWAC! (Also wasn’t WHACKD John McAffee? DWAC, WHACKD? Just sayin)
WHACKD was created after JM, not by him. It also has nothing to do with anything.
Oh really? Perhaps the Ethereum token with that name came later, but he certainly referenced "$WHACKD" himself.
Obviously that's we're talking about the token since you discussed it in the same context as the security.
easy. buy, hold, cash account, direct register your shares = shorts fuk'd
I wonder who their transfer agent is....
According to a press release I saw on Webull, the transfer agent is Continental Stock Transfer & Trust Company
Fuck it buy then transfer to ComputerShare!
Presuming that's their direct registrar.
In any case, this only works if there's a concentrated effort to obtain the float in this manner. That will require $825 million dollars to accomplish, less if the price tanks, but still too much to effectively tackle without serious sustained buy pressure and an information campaign I'm not sure TD is up for.