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Comment by tsunamifury

17 hours ago

This IPO, if successful, will complete rewrite the standing rules of the stock market in ways incredibly harmful to the future of American style capitalism:

1. The Separation of Economic Value and Corporate Governance creating The Multi-Class Autocracy

2. Institutionalizing the "Off-Market Vault" that can manipulate stock price at any time

3. The "Vendor-Financed" Public Offering (Circular Balance-Sheet Refinancing)

4. Monetizing Non-Cash Derivative Liabilities as "Losses" Without Cash Burn