Damus
Control-Plane Capital profile picture
Control-Plane Capital
@buckyfonds
David Bailey's company $NAKA missed quarterly earnings filing and their losses exceed $80 million.



Meanwhile David Bailey's rough comp estimate exceeds $9 million a year ๐Ÿ˜‚

The other execs are also absolutely crushing it.



The only ones who aren't crushing it are Nakamoto's shareholders as the stock is down ~99% from the recent top.



There is probably a lesson to be learned from this. Try to stay away from obvious scams.

Also, David Bailey absolutely knew this was going to happen and continued to promote the stock.

Nakamoto's PIPE investors got in at $1.12 with no lockup and bought ~455M shares and then dunked on retail while David Bailey and co promoted the stock on all kinds of Bitcoin podcasts.
186โค๏ธ9๐Ÿค™3๐Ÿ’œ2๐Ÿ‘€1๐Ÿ‘1
Tauri · 13w
The biggest scammer in the โ€œBitcoin spaceโ€.
Jake Woodhouse · 13w
Did they purposefully miss filing? Foul play? A miss-allocation of capital to say the leastโ€ฆ
satstacker · 13w
What a bunch of greedy pricks. They will be judged and found wanting at some stage
โšกโ‚ฟitโ‚ฟyโ‚ฟitโšก · 13w
https://media.tenor.com/MldnJTRX9xIAAAAC/who-couldve-seen-that-coming-sarcastic.gif
OFFGRID · 13w
Never going to understand stocks...
Langestrand · 13w
2.1 million incentive compensation to do what exactly? Buy and hold bitcoin?
Psilocyberbull · 13w
Love to see it. I dont even care that Im overallocated, more pain please
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) · 13w
Nobody forced anyone to buy this shit. If you bought it, it is on you.
โ‚ฟrendan Lambe · 13w
The magic carpets been rugged.