Thread by @DPogrebinsky

Some $trit thoughts:
1) def some red flags here however at this valuation vs the 65% rev growth rate and solid profitability i think its already more than reflected in the price of the stock here. Without these red flags i dont see why this stock wouldnt be 2-3x this price now

2) Lot of ppl looking at the connection between the founder of $trit and the company that has the financial issues ehich he also controls however did anyone listen to the update call? Company explained many customers in space affected by covid & asking for longer payment terms

3) Everyone understands & grants these terms (including lenders) except this one time for this customer the lender associated with the transaction didnt agree which is y rhodium has the issue. Company said the transaction in question was NOT even done through $trit’s platform!

4) given the ENTIRE value prop of blockchain tech is transparency and combating fraud given the digital ledger making it impossible to commit fraud i cant imagine it would be tough to confirm if this trading volume and revs and customers exist.

5) we are all drawing connections/conclusions based on speculation & no inside info. $trit auditor listed as kpmg & i checked the address & confirmed its auditors real address. Also someone from singapore checked and confirmed this and that company operates where it says it does

6) Someone else commented that they dont see job postings of engineers on their website, however another user from Singapore said they dont post jobs on websites there and instead use direct headhunters and another site whjch showed three job openings for engineers this yr

7) previous president was only there for 7 months which was listed as proof that $trit is a fraud. In response to me yday someone posted that they’re a trader & see enormous upside of Kraros & the former President liked thecomment! See pic of tom towbridge liking below

8) @thetomtrow can you make any comment on $trit and kratos being legitimate with real customers and revs while you were there and that ur departure did not have thing to do with it being a fraud? Did you leave for your own reasons unrelated to $trit? Thanks

9) i admit theres some red flags but with related party rev falling from 26% earlier in the yr down to 10% last w even if there was some funny biz early on as platform grows and onboards more unrelated parties unto the platform that risk decreases significantly & fixes itself imo

Could this be a complete fraud? Who knows but again with kpmg and the fact that blockchain is supposed to solve fraud i would think it would be easy to confirm so risk/reward is much more skewed to upside. If company executes and grows and related revs fall this can 3-5x quick