$Marathon Digital Holdings Inc(MARA)$ Offering is coming? Saw this on forum. Mara left $256M of unrestricted cash as of 30 June 2024. But they spent $100M last week to buy more bitcoin and CEO Fred mentioned they are not selling anybitcoin anytime soon. No sell bitcoin = no income? They might also need another $138M to pay the lawsuit fine. Balance cash left will be $18M. They also had many international expansion. How do they raise cash to continue operation?
$Marathon Digital Holdings Inc(MARA)$ More dilution from the revenue report this morning. Within 3 months, additional 22M shares diluted according to their filing. Take note 45M shares of employee incentives were also approved for CEO and his executives. More dilution if they sell. They still got ATM up to $1.5B approved at Feb 2024, meaning they can sell at the open market of up to $1.5B without any sec filing. To raise cash.
I opened 1000.0 share(s) $Luckin Coffee Inc.(LKNCY)$ ,Lelong Lelong Q2 ER coming next Tuesday, before market open. They been beating Starbucks in China for few quarters now, will it continue?