Deep Fucking Value

@ManningCapital_ @ETHZilla_ETHZ Also, there’s no trading volume on liquidity io

Great news for the liquidity.io team. I bet this will launch with the aero token from @ETHZilla_ETHZ linkedin.com/posts/liquidit…

@ManningCapital_ @ETHZilla_ETHZ Hi Chris, The problem is … no one knows about liquidity io and no one trusts them … isn’t it ?

@capybaraReborn Good boy ! Molodets ))

Purchased an additional 400k shares of $BYND at 0.93/share

@capybaraReborn Good boy

Just purchased another 500k $BYND shares at $0.91/share

@capybaraReborn Why did you erase “ ETHZ investor” in your bio ?

To be clear. I’m still long $ETHZ. We’ll get them to fix it in the end.

@capybaraReborn Few calls with the management ?

Just had an outside the box idea on how to fix the $ETHZ crisis. Let’s make a few calls and see what can come out of it.

@ManningCapital_ @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ I should have left more cash …

@DeepDeepValue @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ I just bought more shares. That last green candle today was probably all me lol

Let’s recap what happened at $ETHZ This summer @ETHZilla_ETHZ entered the market through a PIPE deal, putting near half a billion dollars on the balance sheet of a failed biotech company, giving it a new life. Amongst investors, Peter Thiel, Electric Capital, Cyber Fund and a long list of sophisticated shareholders. The mission was simple, have a 3-way value prop, an Ethereum DAT, invest the ETH into a profitable DeFi business run by @avichal and build an RWA tokenization business on top. For a while, $ETHZ tracked other DATs and then came the deal with Hudson Bay, putting an extra $350m as restricted cash on its balance sheet. The idea was to raise a lot of assets in one go if ETH were to go up. It didn’t go as planned and Ethzilla paid a heavy price, $87m or about 1/4 of it assets. The initial deal was negotiated horribly and the negotiations to get out of it were even worse. But what came after was what truly killed the company. Seeing the DAT business was gone, Rudsill and management started making last ditch attempts to salvage value by making speculative bets on startups that were extremely overpriced, in order to attempt to raise more funds. No one will ever know what went on in their head at that point and why they didn’t just stop the bleeding there. But they didn’t, and destroyed another 1/4 of value at the same time through those. Instead of owning up to their mistakes, they doubled down on wrong moves and increased losses further. Now they are about to do it again by leveraging their balance sheets to acquire RWAs and earning money on the spread. That means they are one bad deal away from wiping out shareholder value all together. And so far there’s not one deal that they would have done right. If management were to just stop what they are doing, revert the startup deals and resign and/or liquidate the company, the stock would recover to $15-16/share. However Rudsill appears dead set on running this company into the ground instead of owning up to mistakes made. Not unlike a pilot that won’t eject when the fighter isn’t responding anymore until it crashes. Ethzilla could have easily been an incredibly successful company. All the ingredients were there. Sadly Rudsill decided to just throw them away. I still remain an $ETHZ shareholder as at current prices I believe it is dramatically oversold, but 10-12$ per share appears a range it won’t cross. I will suspend my day to day commentary of $ETHZ as I believe it is no longer needed. Hundreds of millions lost by PIPE investors will be enough to get them to resolve this situation, but I don’t think it will be quick.

@ManningCapital_ @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ That’s funny. I love it !

@ManningCapital_ @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ 🤣

@ManningCapital_ @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ They are all from India. I checked

@DeepDeepValue @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ If I had to guess I bet the are based overseas.

@ManningCapital_ @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ Chris, I don’t know how to react to this crazy stock fall. I am down 50%. How do you react to this ? Your advice ? Just HODL ? or how are you reacting ?

@DeepDeepValue @capybaraReborn @ViracochaPetal @ETHZilla_ETHZ Liquidity.io has a large team of software engineers working on this. Most of them are contractors so you won’t see it.

@DamianBrad24715 Yes, because every decision they make is the value destruction decision … I think McAndrew is using ethzilla corporate structure to benefit his karus, zippy and saatschel CEO friends / friend of a friend. I think he already has previous connections with those people.

@DeepDeepValue Its certainly possible

$ethz Management Sold ethereum at a loss..... To prematurely pay off a horrific convertible deal. They could have waited until Eth moved back to 4k, or the price was moving back to $30, which was the conversation rate. We had until May 8th before that price was reset. Shareholders would have understood they made a mistake, and had the price been closer to $30, a loss of $6 per share would have been easier to accept. Instead, they made 3 self-destructive deranged moves. It's not rational behaviour. Their justification...... They didn't want to miss out on the toxinized RWAs thread..... So what this tells us is that management suffers from FOMO. The most amateur characteristic of any investor or trader. $ETHZ management hasn't the business sensibilities or mentality to be considered serious players. Step down before you destroy this company any further....

@Dinah_Shine NYC ?

🥶🥶👿👿

@ManningCapital_ @ETHZilla_ETHZ @ARKInvest I think McAndrew has short position on the company or put option or his family and friend does.so on purpose, he is dropping the stock price so when it goes dirt cheap, he can buy all the shares or his family / friend does

Big @ETHZilla_ETHZ news today, let me explain. Angela Dalton joins the Board: Advisor to @ARKInvest ! Guys this could serve as direct line to Cathie Wood's world of bold innovation. Huge potential for tokenization breakthroughs. Here is an Podcast where Cathy and Dalton cohosted Caitlin Long, the CEO and Founder of the privately owned Custodia Bank youtu.be/DtmYbg9_cSY?si… Michael Edwards: Ex-longtime D.E. Shaw partner. That firm? One of the oldest hedge giants (1988), massive ($65B+ AUM), insanely successful. Perfect for helping us mastering risk/reward in our next big deals. Board just leveled up 100% $ethz

@capybaraReborn I think McAndrew is friend with Karus, Zippy, Saatschel owners and using Ethzilla corporate structure and Naive investors’ money to help out his friends / friend of a friend

@capybaraReborn I think McAndrew has short position on the company or put option or his family and friend does. so on purpose, he is dropping the stock price so when it goes dirt cheap, he can buy all the shares or his family / friend does.

@capybaraReborn think McAndrew has short position on the company or put option or his family and friend does.so on purpose, he is dropping the stock price so when it goes dirt cheap, he can buy all the shares or his family / friend does

@capybaraReborn @ManningCapital_ @ViracochaPetal @ETHZilla_ETHZ Liquidity only has 1 blockchain developer working on a website as far as I know . I checked on Linkedin .

@ManningCapital_ @ViracochaPetal @ETHZilla_ETHZ Problem is, even if it works it will be liquidity, not Ethzilla.

@capybaraReborn @ETHZilla_ETHZ Will there be legal action against the CEO, McAndrew ?