BTC24 Jun 2025 07:33
G'day Folks,
A bit quiet here this morning. People nursing hangovers after celebrating yesterday's rise?
This BTC strategy that CYK, and now SBAR has adopted, concerns me. Firstly, why raise capital and tie it up in BTC rather than deploy it effectively to grow the business? Secondly, is BTC seen by the BOD as some kind of mega insurance policy in case the business fails? In other words, it can be sold to generate cash to pay employees' severance and so on. Or could the BTC stash be used to reward executives? Thirdly, if the company can afford to park the wonga in BTC, is that saying that there is no benefit in investing cash to grow the company. All very odd to me.
TWK - Glad that he top sliced yesterday.