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If I own 3 companies. And borrow a billion from company A to buy 10% of all B-tokens from company B, and use those B-tokens to invest in company C. It seems th
by isitmadeofglass 4y ago
If I own 3 companies. And borrow a billion from company A to buy 10% of all B-tokens from company B, and use those B-tokens to invest in company C.
It seems the books would say that company A has a valuables loan worth 1B when repaid, company 2 has a very sought after and valuable token with a market cap at 10B and 9B available with the sale of its holding. And company C has a very high order flow, making it a valuable exchange.
All the while I have net zero, but 1B in exposure on my investments, but no worries my companies are easily worth 11B
Ofcause a house of cards like that is easy to see through if someone doesn’t accidentally name the accounts really poorly…