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1. Dalmia Bharat bought 20% in IEX 4 yrs back for 500cr. Street questioned asset allocation😵
2. In May 2021
Dalmia sold 4.5%, recovers 500cr. Street happy with unlocking💰
3. Today Dalmia has 15.5% stake value=2600cr
Skeptics 👉should have held full 20%
More from Nigel D'Souza
More from Iex
#IEX-956
#Fibonacci extension 11.077%(1089)
than next objetive is to move higher towards #Fibonacci extension
18.07%(1704)
#Probability
#Fibonacci extension 11.077%(1089)
than next objetive is to move higher towards #Fibonacci extension
18.07%(1704)
#Probability
#IEX-700
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribes) (@idineshptl) October 8, 2021
New Story above 6.857%(718.75)
Projection ploted on chart. in that case base case 521 For near term.#Probability pic.twitter.com/b1PCa0NjI0
#IEX -393
Objective is to move higher towards
3.618% - 4.236% and 4.618%
#Probability
Objective is to move higher towards
3.618% - 4.236% and 4.618%
#Probability
#IEX
— MaRkET WaVES (DINESH PATEL ) Stock Market FARMER (@idineshptl) April 20, 2021
On sustain rise above 347 upside shown in chart up to 4.618%(521)
And 6.857%(718).
View valid till 233 not violated. @UdayJad39389920 pic.twitter.com/I2MoPlwXRW
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.