Had this discussion with folks at our local Meetup the last couple weeks so posing it here for thoughts and opinions, especially after how Saylor reacted to
@Danny Knowles on WBD.
While I know ATM issuance on common technically shouldn't create much downward pressure, the addition of the third clause several months back as well as the creation of $STRC and the other preferreds, why would anyone choose the common?
For those not hip, Clause 3 states Strategy will dilute "when otherwise deemed advantageous to the company." That literally can be anytime it moves even in the slightest.
Back to the STRx complex, why would you hold the common when those exist to boot? About the only way I see it making sense is if it gets inclusion and put into indices but even then, does anyone think Saylor won't pull it right back down to buy more BTC?
