🚨 Saylor Playbook went BAD: A company with no revenue tries to copy the Strategy and crashes -25%
Yet another trying to ride the Bitcoin Treasury narrative...
📉 THE CASE: Alpha Modus (AMOD) - Nasdaq
• Company with $0 in revenue, on the verge of being delisted
• Announced it will buy 3,170 BTC ($225M)
• To pay, it will issue 51.62M new shares + 51.62M warrants
💥 ABSURD DILUTION:
• It had only 4.99M shares in the market
• It will issue 10.35 new shares for EACH 1 existing
• The former shareholder will have just 8.8% of the company
• Warrants at $4.36 can double the dilution again
Yet another trying to ride the Bitcoin Treasury narrative...
📉 THE CASE: Alpha Modus (AMOD) - Nasdaq
• Company with $0 in revenue, on the verge of being delisted
• Announced it will buy 3,170 BTC ($225M)
• To pay, it will issue 51.62M new shares + 51.62M warrants
💥 ABSURD DILUTION:
• It had only 4.99M shares in the market
• It will issue 10.35 new shares for EACH 1 existing
• The former shareholder will have just 8.8% of the company
• Warrants at $4.36 can double the dilution again