Agreed. Making the strong capital structure even stronger. Based on BtH's top 27 shareholders from March, I estimate that 65% (inc. QQ) of the company's share structure is held by insiders and management. That leaves just 350m of those shares in the free float - maybe 100m+ of those are locked in LTer's sock drawers.
Point is - we won't have hundreds of millions of shares to churn through (like AVZ has today) unless there's some huge liquidity event in the future.
Benign Banter & Price Predictions, page-50
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