To John on Yahoo Finance:
You are a sharp guy inclusive of not alienating me. Genau oder "Exactly." Cohodes' best question that has been on my mind--major concern for ions when contemplating the huge managerial task of so many moving parts--was previously less burdensome for me because I listened to Byrnem which was obviously more Byrne BS. This being the depth, breadth and scope of this incumbent organization to guide, capitalize and provide other all inclusive resources for these "minnow" SUBS to be grown into man eating SHARKS, or at least "ONE OR TWO!."
JJ gave lip service to his question since I don't believe those systems are in place in an organized manner where a team of professionals in leadership roles are spearheading that aspect of ensuring these blockchain subs succeed wildly.
Think about the mammoth task and the limitations for current OSTK leadership including JJ. Schapiro has thus far been a major disappointment as well going on cnbc months earlier while OSTK was in the tank to market his consulting firm while not inserting one plea for his directorship role and the COVID-19 opportunity makes him a limp noodle.
Hopefully, he is doing more behind the scenes with regard to the regulatory bodies and the approvals owners are still seeking from Finra, Sec, etc. It's no mystery that his FIRM has probably sucked a fortune's worth of the tens of millions or is it hundreds of millions in LEGAL FEES Overstock has incurred over the past years in developing tZero and other financial and regulatory related subs inside Medici's blockchain businesses.
Land Governance is another business that he is now supposedly involved with but also something that Byrne made seem so easy to turn into gold, but it hardly is without HUGE geopolitical and economic resources to make that biz model a success.
Today's announcement is a means towards these ends, but Overstock's plight also requires Cohodes to be able to put it to his nemesis' at Goldman, which is another climb of Mount Everest instead of a Buffett 2 foot hurdle. EOM
