The KR1 White Paper15 Jan 2021 12:59
For those who have not accessed in November or in 2017
Here is Wexboy KR1 analysis and BOD recommendations
https://wexboy.wordpress.com/2017/09/30/kryptonite-even-superman-could-love/ 2017
https://wexboy.wordpress.com/2020/11/21/kr1-plc-the-crypto-alpha-bet/ Nov 20
Today -
And last, but certainly not least, it’s KR1 plc…what do you write about a 5.5-BAGGER stock?! Might as well just crack open another bottle of bubbly & raise a glass! And surely I covered all the angles in my KR1 magnum opus back in November? Which begs the question: If I’m arguing ‘we’ve now reached a point where a modest 3-5% crypto allocation arguably makes sense in any portfolio’, why on earth’s my KR1 holding a colossal 13.8% of my portfolio? Well, mostly because it’s an actual 5.5-bagger…but I do think there’s a greater truth (& perspective) to be shared. I know it’s been frustrating for shareholders to see certain garbage/promotional crypto stocks (none of which boast a remotely similar track record) out-perform KR1’s share price by an absurd multi-bagger margin recently, simply because they happen to be in the right place at the right time (& KR1’s still stuck on the Aquis Stock Exchange)! I can empathize…BUT it doesn’t stop me celebrating, OR sleeping at night.
Because I know it’s a particularly virulent & misleading form of hindsight. And for me, it’s all about beta & alpha risk – in reality, there was little chance I’d buy any of KR1’s peers last year (or ever…don’t forget, rejecting them is how I discovered KR1 in the first place!). And if I did, my perception of their beta (& alpha generating abilities) would have severely restricted my holding size (to a fraction of my KR1 holding). And as potential multi-baggers, it’s unlikely I’d ever have hung on to ’em with the kinda strong hands I have for KR1. As always, don’t agonize & waste time over hypothetical woulda/coulda/shouldas…devote your time & energy to auditing & making better buys. And that’s what KR1 is – read my post again, it’s a once-in-a-lifetime chance to invest in a unique team, a unique portfolio & a unique crypto opportunity – and accordingly, that’s how I’ve hung on to an ever-increasing position & enjoyed a +447% gain last year…which has since turned into a 9-BAGGER today!
But clearly, the team’s delivered four & a half years of incredible +120% pa NAV returns, I feel like I’ve played my part in eliminating what was a pretty consistent 20-40% NAV discount last year, and as we look ahead today there’s obvious levers the team can pull to create more value in the stock price/valuation itself. These were my specific recommendations:
But since then, we’ve already seen steady progress: KR1 joined the Apex segment of Aquis, it’s appointed Rhys Davies (with a decade & a half of activism & value creation behind him) as an NED, invested in 4 new projects, given a fresh update on the scale & value of its Polkadot staking activities, realized multi-bagger gains f
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