Indeed one of the most interesting stories in capital markets right now It’s a fight between the incumbency of a troubled public company and a new breed of crypto-native financiers I’m supporting @rleshner and have taken an initial position in $YHC to help fight the good fight!
Matty
Matty17.7. klo 23.01
The most interesting thing in crypto right now is happening in TradFi. @rleshner launched a takeover attempt of Nasdaq listed 'LQR House Inc' $YHC alleging fraud and mismanagement. With a market cap under $10mm the stock price popped this week on the news and rumors of fixing things up into a crypto treasury company. Current management is fighting back against Leshner's "governance attack" by issuing new shares to prevent him from forcing a leadership change. Meanwhile CT is fighting back against the countermeasures to support the takeover, with accounts like @0xjaypeg highlighting the battle and @0xMakesy even slashing the reputation of YHC's current management on @ethos_network (very cool). The convergence of crypto, TradFi, onchain, and offchain governance is wild to watch. And with a sub-10mm market cap, a front row seat doesn't break the bank either. Not a recommendation to invest. Definitely a recommendation to pay attention to how this all unfolds.
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