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This is really bizarre. MicroStrategy is a solid BI tool, it's been solid for a long time, and the company basically operates as a cash machine. This is when yo

This is really bizarre. MicroStrategy is a solid BI tool, it's been solid for a long time, and the company basically operates as a cash machine. This is when you start issuing a dividend. If the founder-CEO is bored, he should promote one of the many people who have made their careers at MicroStrategy and retire. Instead, he's decided to use the existing business he founded decades ago as an outlet for his enthusiasm for Bitcoin. This is why God created activist investors, I think.

deleted 6y ago
[deleted]
otoburb 6y ago
>>Instead, he's decided to use the existing business he founded decades ago as an outlet for his enthusiasm for Bitcoin. This is why God created activist investors, I think. In MSTR's case an activitist shareholder will be ignored because as per MSTR's latest 10-Q: "As of October 19, 2020, Mr. Saylor, our Chairman of the Board of Directors & Chief Executive Officer, beneficially owned 2,011,668 shares of class B common stock, or 73.4% of the total voting power. Accordingly, Mr. Saylor can control MicroStrategy through his ability todetermine the outcome of elections of our directors, amend our certificate of incorporation and by-laws, and take other actions requiring the vote or consentof stockholders, including mergers, going-private transactions, and other extraordinary transactions and their terms."[1] [1] https://ir.microstrategy.com/static-files/dfe9fb22-b4d0-4d49-b4c5-795ebafc5abb https://ir.microstrategy.com/static-files/dfe9fb22-b4d0-4d49...