NewMasao
reacted to and commented on
$Metaplanet (3350.JP)$
Overall, I felt there were more disclaimers than typical for an 'announcement of collaboration.'
I’ll examine the rationale behind the disclaimers regarding the following three main points.
① It is contingent upon procedures required by laws and regulations, internal corporate approvals at each company, and consultations with relevant authorities and stakeholders.
👉 This likely stems from the parent-subsidiary relationship between Metaplanet and Metaplanet Securities. In other words...
Parent company: “We want to raise as much capital as possible at the lowest interest rate.”
Subsidiary securities firm: “We must impartially review our parent company’s products and assess whether they are disadvantageous to clients.”
Financial Services AgencyThis situation—where a securities firm sells to its clients investment products structured by its own parent and subsidiary entities—isa classic example of a conflict-of-interest transactionas stated.
Therefore,The Japan Securities Dealers Associationrequires its member securities firms toprohibit acting as lead underwriterwhen their parent or subsidiary company issues securities, and mandates the appointment of an independent lead underwriting firm.
Siiibo Securities is a member of the Japan Securities Dealers Association.
In hindsight, if Metaplanet intended this offering to be its own fundraising instrument, it would have clearly been easier from a regulatory and approval standpoint not to fully acquire Siiibo Securities as a subsidiary.
② The role of JPYC is 'Metaplanet...
Overall, I felt there were more disclaimers than typical for an 'announcement of collaboration.'
I’ll examine the rationale behind the disclaimers regarding the following three main points.
① It is contingent upon procedures required by laws and regulations, internal corporate approvals at each company, and consultations with relevant authorities and stakeholders.
👉 This likely stems from the parent-subsidiary relationship between Metaplanet and Metaplanet Securities. In other words...
Parent company: “We want to raise as much capital as possible at the lowest interest rate.”
Subsidiary securities firm: “We must impartially review our parent company’s products and assess whether they are disadvantageous to clients.”
Financial Services AgencyThis situation—where a securities firm sells to its clients investment products structured by its own parent and subsidiary entities—isa classic example of a conflict-of-interest transactionas stated.
Therefore,The Japan Securities Dealers Associationrequires its member securities firms toprohibit acting as lead underwriterwhen their parent or subsidiary company issues securities, and mandates the appointment of an independent lead underwriting firm.
Siiibo Securities is a member of the Japan Securities Dealers Association.
In hindsight, if Metaplanet intended this offering to be its own fundraising instrument, it would have clearly been easier from a regulatory and approval standpoint not to fully acquire Siiibo Securities as a subsidiary.
② The role of JPYC is 'Metaplanet...
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$Kioxia Holdings (285A.JP)$
Source? (；^ω^)
You're not seriously believing Yahoo! News, are you? ／(^o^)＼
Source? (；^ω^)
You're not seriously believing Yahoo! News, are you? ／(^o^)＼
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$Kioxia Holdings (285A.JP)$
This is a naive question, but isn’t it possible that the current stock price level is actually fair value? (^o^)?
This is a naive question, but isn’t it possible that the current stock price level is actually fair value? (^o^)?
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NewMasao
commented on
$Kioxia Holdings (285A.JP)$
Masao's wise words (^o^)♪
“Is everyone ready? (^o^)?
You see, stocks…
When they rise, they always fall—aaaaah! ／(^o^)＼ Fuji Mountain chart, yeah![]()
」
The monthly charts of once-glorious stocks trace their paths so we can reflect on their past glory (^o^)♪
Masao's wise words (^o^)♪
“Is everyone ready? (^o^)?
You see, stocks…
When they rise, they always fall—aaaaah! ／(^o^)＼ Fuji Mountain chart, yeah
The monthly charts of once-glorious stocks trace their paths so we can reflect on their past glory (^o^)♪
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$Kioxia Holdings (285A.JP)$
For lunch today, I ordered the top-grade sushi 🍣—"Gokumi"! I'm so sorry—I really need your help! /(^o^)＼
For lunch today, I ordered the top-grade sushi 🍣—"Gokumi"! I'm so sorry—I really need your help! /(^o^)＼
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NewMasao
commented on
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NewMasao
commented on
$Strategy (MSTR.US)$ $Bitcoin (BTC.CC)$ $iShares Bitcoin Trust (IBIT.US)$ $STRATEGY INC VAR RT SER A PERP STRETCH PREFERRED STK (STRC.US)$ $Metaplanet (3350.JP)$
Here is a relative one-day chart of MSTR, Bitcoin (BTC), and IBIT.
While BTC rose about +2.0% and IBIT gained +3.4%, MSTR was essentially flat.Capital that wants exposure to Bitcoin is flowing directly into ETFs to avoid complex capital structures.。
Until now, the advantage of holding MSTR was that it providedleveraged upsiderelative to Bitcoin’s price appreciation.
But last night was different.It was almost like watching Metaplanet.It was.
If you're not aiming for gains exceeding those of Bitcoin, there's no need to take on dilution risk.。
It appeared this way.
"The story of Strategy as a company"
and "the story of MSTR common stock" may need to be viewed separately going forward.
This chart appears to show early signs of that.
Here is a relative one-day chart of MSTR, Bitcoin (BTC), and IBIT.
While BTC rose about +2.0% and IBIT gained +3.4%, MSTR was essentially flat.Capital that wants exposure to Bitcoin is flowing directly into ETFs to avoid complex capital structures.。
Until now, the advantage of holding MSTR was that it providedleveraged upsiderelative to Bitcoin’s price appreciation.
But last night was different.It was almost like watching Metaplanet.It was.
If you're not aiming for gains exceeding those of Bitcoin, there's no need to take on dilution risk.。
It appeared this way.
"The story of Strategy as a company"
and "the story of MSTR common stock" may need to be viewed separately going forward.
This chart appears to show early signs of that.
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NewMasao : Thanks for your hard work as always (^o^)♪ This announcement is kind of confusing though (;^ω^). It’s unclear why Bitcoin—which should belong to shareholders—is being used as collateral. Honestly, this just seems like a desperate last resort after agonizing over what to do with such a massive pile of unrealized losses on their Bitcoin holdings ／(^o^)＼
NewMasao KUROB OP : You're absolutely right (;^ω^). Regardless of the method, securing funding remains the biggest challenge. I'm watching with great interest EvoFund's maneuvers tied to capital policy and the true identity of that mysterious creditor (^o^)♪