This IPO, if successful, will complete rewrite the standing rules of the stock market in ways incredibly harmful to the future of American style capitalism:
1. The Separation of Economic Value and Corporate Governance creating The Multi-Class Autocracy
2. Institutionalizing the "Off-Market Vault" that can manipulate stock price at any time
3. The "Vendor-Financed" Public Offering (Circular Balance-Sheet Refinancing)
4. Monetizing Non-Cash Derivative Liabilities as "Losses" Without Cash Burn
1. The Separation of Economic Value and Corporate Governance creating The Multi-Class Autocracy
2. Institutionalizing the "Off-Market Vault" that can manipulate stock price at any time
3. The "Vendor-Financed" Public Offering (Circular Balance-Sheet Refinancing)
4. Monetizing Non-Cash Derivative Liabilities as "Losses" Without Cash Burn