Just spent an hour on the phone with $trit IR:
1) company has 56 employees of which 6 are engineers related to the platform who are managed by Ashish. The key is in addition they outsource to India additional 50-80 tech contractors at any given time who they used to launch Kratos

2) srinivas is a controlling investor in Rhodium but company has full time CEO and CFO and he doesnt control and is not privy to the day to day operations of the company. $trit started through him seeing a need for a better way to trade more effectively through Rhodium experience
They of course used Rhodium & its relationships with parties it does business with as the first customers of their platform which youd expect. In June 2019 related party rev was 100%, down to 26.5% by Feb 2020 & last q down to under 10% as they onboard more 3rd parties.
As for the digital coin the company initially thought launching a coin would be a good way to solve the issue however after further study shelved it. They gave notice to everyone they would burn the coin and allowed them to redeem. No digital coin now at all
Supply chain finance model coming out in Feb which they expect to have similar fee to trade finance module which is very profitable. Estimates for next yr already include this. The other two modules of credit insurance and logistics dont currently plan to monetize
On question of what is their moat they say they are in a segment of the market that the big banks who own the majority of their competitors through consortiums dont like due to capital rules and are working to add free modules to their platform to make them more sticky (above)
Some things out of the short report. The company srivinas worked at in the US he sold in 2010 and the short report used glass door reviews from 2013 and 2015 which said mgmt is bad against him. Thats a full 3-5 years later and he had no knowledge of what mgmt did after he left
On question of Jim Groh, said that he was part of a battery company which went from 2 to 8 or 10 a share or so and then left. Company went under 10 years or so later after Jim left yet that was in the short report used against him.
In general the short report didnt uncover anything new but used what the company had itself publicly disclosed in their F4 meaning that it was all out out there by the company already.
A small portion of the stocks float is trading for retail investors as the majority is owned by institutions such as steve cohen, fidelity, and many other large institutional investors taking large stakes in the company with some having average hold times of 7 years
Im a pretty skeptical guy as you can tell from my posts on tesla fubo ozon and others so i always try to see the other side but again i came away from the call feeling that what they said makes sense and that the oppty is here and that this is not a fraud.
Interested to hear feedback from @seeroy on his demo of platform next wk. I’ll remain long the stock after the call & feel better about it regardless of the short term volatility/noise. Feel like lot of criticism are ppl loosely connecting things & not knowing the tech/business

More from Trading

12 TRADING SETUPS used by professional traders:🧵

Collaborated with @niki_poojary

Here's what you'll learn in this thread:

1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy

Let's dive in ↓

1/ STBT option Selling (Positional Setup):

The setup uses price action to sell options for overnight theta decay.

Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped


@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data

Don't trade till 9:45 Am.

Identify the highest OI on puts and calls.

Check combined premium and put a stop on individual


@jigspatel1988 3/ Open Drive (Intraday)

This is an opening range breakout setup with a few conditions.

To be used when the market opens above yesterday's day high

or Below yesterday's day's

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The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

1. धीवर प्रसार शौर्य भरा: The brave persevering one, your bravery is taking you forward.


2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

3. ुग्रामा असामा शौर्या भावा: He is strong, and without an equal in the ability/mentality to fight

4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.
This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.


THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN


If you come for Bookstagram, i will fight you.

In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)