Quote from: joniboini on Today at 02:56:12 AM

Quote from: btc78 on May 26, 2025, 10:56:22 PM

obviously they feel skeptical of what a food business know about bitcoin but bitcoin is a currency and a food business is a business nonetheless meaning the shareholders has to still know some things about finances

I also feel this is one of the reasons for that, even though we're jumping the gun a bit, considering the decrease in share prices could be related to many different things. I just read their PR articles, and it seems like the CEO shares the projected growth of the company. I'm not sure about the numbers, but it is possible some shareholders feels like the number isn't good enough for them, or traders simply do the old "buy the rumours, sell the news" after they publicly told their plan to acquire Bitcoin as a reserve for the next few years. I think their plan isn't that aggressive tbh, so we will see if they managed to acquire 5k BTC in 3 years or not.

Fast math 5000/3= 1667 coins a year

Or 166,700,000 for 3 years in a row

That is not small change.

So the question is what does the company earn as profit in a year?

And they earn 10,000,000 usd profit for 2024

https://ir.daydaycook.com/financials/income-statement

So how do you buy 5,000 coins with 10 million in profit last year.

To me I think the future goal of 5,000 coIns seemed too big to some investors.

If they grabbed 50 coins for 2024 that would be 1/2 of their profit.

Also the 10 mill profit was gross profit

After all expenses they took a loss of 20 mil

So they basically looked terrible as a food company