so in his recent spaces, Josh Mandell explained how owning the preferred shares STRF basically would inherit the entire company.
because those are eternal, unable to be offloaded in bankruptcy. it's convincing hearing his words.
however, he seems to misunderstand the whole dollar system. for STRF shareholders to inherit the entire company, the US government would have to make dollars as rare as satoshis.
if the US government were to do this. I agree that the entire MSTR bitcoin stack would be drained into the hands of the STRF shareholders.
since it's highly unlikely US does this. the STRF shareholders will own an exponentially smaller slice of MSTR into perpetuity.
at this point, even i could probably promise someone a perpetual stream of pennies.
i'm open to understanding where I'm wrong, and why Josh thinks STRF could control the company.