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State Street Capital taking it up the heinie. No lube suckas!
I'll be shorting this POS this coming week. Josh Howley has opened the door for this turd to be sued. It's about time.
Congress Drills Social Media CEO's
Child Exploitation is only the start. It's also a drug distribution system.
If you are a shareholder now is the time to sell. This gap in the shart shall Phil!!
They report on the 6th. Prolly why least affected, imho!
Gap Phil yest. Not participating. Focused on CRE/banks!
Least impacted by Aozora news. Looks like best to short. Gap down at the open. Check volume EOD.
Aozora goes global. CRE. Rebound would be nice. Making it juicy to short!
NAV = $5.89 with LTC @ $68.25. This POS remains overvalued!
Jamie D likes shit. He doesn't want to talk about it anymore.
Discount it by another 2.5% for 'sucker' fee. My broker charges $6.99 to trade this junk.
Open a account on coin base. Trade it when you want.
Smoke da rope! Whatever happened to 'common sense'?
Philled
Ruh Roh Raggy!
"It's your money, don't give it to Grayscale!"
Author unknown...
LTC is up. LTCN is down. Ouch!
More pain to come, imo!
Sildenafil will fade.
EZBC = GBTC competition. It's your money J. G. Wentworth...
"A Healthy premium is usual and customary due to the convenience."
My ass! Create your account here.
LTC Price x 0.08635398 = NAV
2.5% Mgmt Fee
Grayscale LTCN
Dump It cause it's extremely overpriced and fee's are excessive!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! That's a fact!!!!!!!!!! DYODD. Link provided...
Dump Grayscale. Go with Franklin Templeton or Bitwise:
Franklin Templeton Cheapest BTC ETF
Overvalued by $4.76 at the time of this post.
What to look for when institutional investors unload to retail. Anybody know?
Emotions getting all wound up. Trade in the zone!
Miner's Due a Breather
And I hate JPMorgan, especially Mr. Dimon, basher and now Authorized Participant. Criminal manipulator. Major POS!
Buy the actual product. 2.5% Management Fee from Grayscale. Open a coin base account. Trade whenever you want 24/7.
You don't need Grayscale!
Crash and Burn.
Gensler. Another POS representing the deep state. Drain the swamp!
SEC Democrats Dissent
Gary should resign. He's bought!
Gigs up, imo.
Was overvalued 100% today. Hope the pop was used to get out. Litecoin really has to move up for this product to hold any value. Fact. Not opinion. DYODD!
Overvalued by $4. Price shouldn't exceed $6.43 with current price of Litecoin around $73.
How many 'Johnny Come Lately' are waking up to this news being mass broadcast this morning?
Psyops?
Hundred Billion Dollars just sitting on the sidelines waiting to get in!
45,894 X .00089435 = 41.04
Closed at 40.50. Upside is very limited .54 cents to reach true Net Asset Value.
At the time of posting.
Congrats Board:
Grayscale Approved
Grayscale has competition now. This is probably why they want paid daily.
Grayscale has priciest product
I'd come back if there was a substantial discount. I also have a Coinbase account that I can manage on my own 24/7, avoiding third party risk. I no longer have a broker fee and 'managed account' fee. Good Luck to all on this board!
What if GBTC's chart looks like LTCN's in the coming day(s)?
That's fine, but this proposal is not about that. It's about getting paid daily instead of once a month. And, they're being paid with Bitcoin. They do not redeem from base value of GBTC. Seems to me the shareholder's are being ripped off. What's your take?
Couple things I'd like to highlight from their proposal:
The Trust pays the Sponsor the Sponsor’s Fee in Bitcoins
Under the terms of the Trust Agreement, a Shareholder shall be deemed to consent to each proposal if such Shareholder does not, within twenty (20) calendar days of the date of this Consent Solicitation Statement, notify the Sponsor in writing that the Shareholder objects to either or both of the proposals
So these greedy pricks are being paid based on the price of Bitcoin, not the value of GBTC. This pisses me off! I don't care what anybody's point of view is, especially if they are in disagreement with me.
Indeed. Majority of politicians are corrupt. Menendez is just another example. I don't care what party they're affiliated with.
They'll have to update this list of corrupt politicians.
Drain the swamp.
It's dated December 18, 2023. And for this reason it is new. Since I'm the one to bring it to the board's attention it should be discussed not dismissed. Have a great weekend. The 'window' is closing. Hope there's a favorable decision, but I quit smoking hopeium! Sticking with the gunja!
Drain the Swamp:
Child Mutilator DeWine
If I read this correctly, they'll be paid 'daily' rather than 'monthly'. Question is why???
The following are highlights of the two proposals contained in the attached Consent Solicitation Statement:
• Providing that the Sponsor’s Fee be payable to the Sponsor daily in arrears – Currently, the Trust
Agreement provides that the Sponsor’s Fee is payable to the Sponsor monthly in arrears, and the
Sponsor has discretion regarding when it will instruct the Custodian to withdraw Bitcoin from the
Bitcoin Account equal to the accrued but unpaid Sponsor’s Fee. With the changes we are seeking, the
Sponsor’s Fee would be payable daily in arrears and the Sponsor will maintain the discretion to
instruct the Custodian to withdraw Bitcoin from the Bitcoin Account equal to the accrued but unpaid
Sponsor’s Fee; and
• Permitting a portion of the Trust Estate to be held from time to time in one or more omnibus
accounts in order to facilitate the creation and redemption of Shares – This proposal will allow the
Trust to utilize the prime brokerage services of an affiliate of the Custodian.
I note that none of these proposals are prerequisites to the Trust receiving approval or operating as an exchangetraded fund (ETF), but they will nonetheless provide operational efficiencies that we believe are beneficial to the
Sponsor and Trust.
GBTC shareholders will not pay any additional fees as a result of the proposed amendments. We hope
you share our view that these amendments both modernize and simplify Grayscale Bitcoin Trust (BTC) Shares for
the ultimate benefit of current and future GBTC shareholders. The board of directors of Grayscale Investments,
LLC recommends that you vote “FOR” the two proposals.
Filed 12/18/2023. Here's the link:
Schedule 14-A
Provide operational efficiencies that are ABSOLUTELY beneficial to the sponsor and trust. No doubt!!!
Yup! About time!
They belong nowhere on this planet!
Finally!
Claw Dean
The plagiarism parasite is gone. C ya Bye!
Other than the reasons I've listed, because of this corrupt POS:
Authorized Participant
I doubt that Grayscale will ever get an approval. JPM and Blackrock own Gensler. They'll decide and they want to 'own' this space. It's a 'rigged' system, IMHO!