5 ms·
At some point the secondary market value becomes $0 for common shares due to the preference stack, which in Bolt’s case is probably over a billion. So if the ma
by crhulls 4y ago
At some point the secondary market value becomes $0 for common shares due to the preference stack, which in Bolt’s case is probably over a billion. So if the market views Bolt at less than a billion common is worth nothing.