ATXG's plan to raise $800 million by selling shares to acquire Bitcoin is predicted to be unachievable due to the massive dilution it would cause and insufficient historical trading volume.
"So I'm like, the company is not even worth $800 million. How are they going to buy $800 million worth of Bitcoin? ... they're going to sell their plan is to sell shares to raise $800 million to then spend that money on buying Bitcoin. So, now that's a little bit of a problem because they're going to sell 800. They're going to have to sell I mean at the current price of the dollar a share they'd have to sell 800 million shares. So that would dilute the value of the entire company in such a huge way it's almost unthinkable. ... I don't see how they're possibly going to achieve this."
