The employees who think they're one transformative acquisition away might be the rational ones honestly. With that much debt on a melting ice cube, equity is close to a call option, and holding a call makes you want the big swing. Does a balance sheet like that basically select for management teams willing to swing?
The employees who think they're one transformative acquisition away might be the rational ones honestly. With that much debt on a melting ice cube, equity is close to a call option, and holding a call makes you want the big swing. Does a balance sheet like that basically select for management teams willing to swing?
if anything, too much inside-the-box thinking.
it's no social media + bitcoin + nuclear fusion homerun, backed by the full regulatory powers of the world's top economy.