I don't like CARDS as an investment because we don't actually know their financials, because they're a normal private company with a token tacked on
The revenue is lauded all over CT but people here have never looked at an income statement, and we've never seen one from them
What are their liabilities, operating costs
What's the net acquistion cost of their inventory and whats the mark to market rn given the dip in certain pokemon card sectors
etc etc etc
not saying it's a bad buy, but there's too many unknowns for me to want to hold it. Seen too many real world businesses create a token and for them to fail their token holders eventually and use it as exit liquidity.
While monthly issuance outpaces burn rate by 10:1, it's not a buy. While actually income statements aren't available, it's not a buy.