Jonathan V. Last
๐ค SpeakerAppearances Over Time
Podcast Appearances
I guess, I guess I found it. Do you get any child? I found it hard. Honestly. Um, I have found it hard to take joy in normal things because in the back of my mind is like, Oh, things might not be okay.
Yeah. So let's talk about this. This company is called Freight Technologies. It is a very small logistics company. Total market cap for this publicly traded company is about $4 million. Not billion, $4 million. So I want you to think about that. When they say they're going to spend $20 million, on the Trump meme coin. That is five times the value of their entire company.
Yeah. So let's talk about this. This company is called Freight Technologies. It is a very small logistics company. Total market cap for this publicly traded company is about $4 million. Not billion, $4 million. So I want you to think about that. When they say they're going to spend $20 million, on the Trump meme coin. That is five times the value of their entire company.
Yeah. So let's talk about this. This company is called Freight Technologies. It is a very small logistics company. Total market cap for this publicly traded company is about $4 million. Not billion, $4 million. So I want you to think about that. When they say they're going to spend $20 million, on the Trump meme coin. That is five times the value of their entire company.
Okay, so this is why they had to take out a bond to do the purchasing, right? Because they don't have the cash, because again, they're going to take a 5x position of their entire company on this. Now, how they're going to sell this bond is beyond me, because who would buy it, right? You're a bondholder, you're secured, sort of, but what are you really secured for?
Okay, so this is why they had to take out a bond to do the purchasing, right? Because they don't have the cash, because again, they're going to take a 5x position of their entire company on this. Now, how they're going to sell this bond is beyond me, because who would buy it, right? You're a bondholder, you're secured, sort of, but what are you really secured for?
Okay, so this is why they had to take out a bond to do the purchasing, right? Because they don't have the cash, because again, they're going to take a 5x position of their entire company on this. Now, how they're going to sell this bond is beyond me, because who would buy it, right? You're a bondholder, you're secured, sort of, but what are you really secured for?
You're secured by the cost of the Trump coin. And if you wanted exposure to that, you would just buy the Trump coin yourself. You wouldn't buy a bond in a company where the bond is going to be secured by the coin. But here's what's interesting. So the Trump coin itself has been on a downward spiral since day two. I don't know if people remember. I do because I made a lot of money on it.
You're secured by the cost of the Trump coin. And if you wanted exposure to that, you would just buy the Trump coin yourself. You wouldn't buy a bond in a company where the bond is going to be secured by the coin. But here's what's interesting. So the Trump coin itself has been on a downward spiral since day two. I don't know if people remember. I do because I made a lot of money on it.
You're secured by the cost of the Trump coin. And if you wanted exposure to that, you would just buy the Trump coin yourself. You wouldn't buy a bond in a company where the bond is going to be secured by the coin. But here's what's interesting. So the Trump coin itself has been on a downward spiral since day two. I don't know if people remember. I do because I made a lot of money on it.
A lot of money? I mean, for me, a lot of money. I made enough money to buy one-tenth of a nice watch.
A lot of money? I mean, for me, a lot of money. I made enough money to buy one-tenth of a nice watch.
A lot of money? I mean, for me, a lot of money. I made enough money to buy one-tenth of a nice watch.
Uh, like two, maybe three, maybe three.
Uh, like two, maybe three, maybe three.
Uh, like two, maybe three, maybe three.
Okay. No, I mean the no fancy steak. It's like half of a fancy steak dinner for all 12 of us. But, uh, a point is point is we've had one spike. Would you care to guess when it was?
Okay. No, I mean the no fancy steak. It's like half of a fancy steak dinner for all 12 of us. But, uh, a point is point is we've had one spike. Would you care to guess when it was?
Okay. No, I mean the no fancy steak. It's like half of a fancy steak dinner for all 12 of us. But, uh, a point is point is we've had one spike. Would you care to guess when it was?
Ding, ding, ding, ding, ding. Because what happened was a bunch of people went out to purchase this coin and it became obvious to people who wanted to influence the president. Oh, right. We could just buy this this thing and that will funnel money to him. He's asking us to do that. And so we say no jump. But since then, the coin is floated back down.