Don't be fooled, Puppet has his own agenda, he is not wasting is time here out of good will trying to prevent people from losing their money...
Putting accusations to the side, I still disagree with his modelling.
Where is the reinvestment in his model?

That gives this result

No reinvestments for another 3 months, and cryptx NAV would be ~0.017 BTC / share...
He says, "No reinvestment..." which is out of step with reality to begin with! He models reinvestment REVENUE, but not the beneficial effect of SPENDING that fund.