@leomschwartz Not saying I'm right....but don't tell me I'm wrong unless you can show me I'm wrong....and the only way to do that is produce some real numbers. #provemewrong#tether
@gaborgurbacs@Tether_to@tethergold@paoloardoino Since the beginning of 2021 #tether themselves have purchased and increased inventory ready for sale by more than 79k ounces (which is almost as much as sold over that period). But zero interest.
Here's a question to all my #twitter peeps.... but some background first.
One of the first things you learn in M&A 101 is that the primary benefit of a share sale vs an asset sale is that an asset sale you get to leave behind liabilities and any potential unknown skeletons...
Now this is not true in all cases for example in Europe (my specific experience is Germany) if you acquire a going concern via asset sale employee obligations are carried over (that the simple version its way more onnerous).
But my question relates to what about when a company acquires an asset that's subsequent to acquisition its discovered that asset was previously used for the carriage of illegal activity. Say for instance a domain. What responsibility other than the obvious reputational risk.
Tomorrow I'll walk through my calculations as to how #tether was able to increase their reserves by $700m and then spruce it as a profit.
Until then here's a couple of points to ponder. 1. #nontokendebt - This is something I've broken out in every analysis I've done on Tether's attestations.
Its literally the most important in their numbers.