> You buy stake in _future_ dividends. So no intrinsic value then. Just the expectation of possible future earnings. That obviously cannot work! > the price w

> You buy stake in _future_ dividends. So no intrinsic value then. Just the expectation of possible future earnings. That obviously cannot work! > the price would quickly drop to a level where it would make huge sense to start buying Like for Bitcoin. Yes, there would be enough Bitcoin fans who got rich enough on Bitcoin to have spare cash to start buying if it dropped a lot. Thanks for playing.