Just spent an hour on the phone with $trit IR:
1) company has 56 employees of which 6 are engineers related to the platform who are managed by Ashish. The key is in addition they outsource to India additional 50-80 tech contractors at any given time who they used to launch Kratos

2) srinivas is a controlling investor in Rhodium but company has full time CEO and CFO and he doesnt control and is not privy to the day to day operations of the company. $trit started through him seeing a need for a better way to trade more effectively through Rhodium experience
They of course used Rhodium & its relationships with parties it does business with as the first customers of their platform which youd expect. In June 2019 related party rev was 100%, down to 26.5% by Feb 2020 & last q down to under 10% as they onboard more 3rd parties.
As for the digital coin the company initially thought launching a coin would be a good way to solve the issue however after further study shelved it. They gave notice to everyone they would burn the coin and allowed them to redeem. No digital coin now at all
Supply chain finance model coming out in Feb which they expect to have similar fee to trade finance module which is very profitable. Estimates for next yr already include this. The other two modules of credit insurance and logistics dont currently plan to monetize
On question of what is their moat they say they are in a segment of the market that the big banks who own the majority of their competitors through consortiums dont like due to capital rules and are working to add free modules to their platform to make them more sticky (above)
Some things out of the short report. The company srivinas worked at in the US he sold in 2010 and the short report used glass door reviews from 2013 and 2015 which said mgmt is bad against him. Thats a full 3-5 years later and he had no knowledge of what mgmt did after he left
On question of Jim Groh, said that he was part of a battery company which went from 2 to 8 or 10 a share or so and then left. Company went under 10 years or so later after Jim left yet that was in the short report used against him.
In general the short report didnt uncover anything new but used what the company had itself publicly disclosed in their F4 meaning that it was all out out there by the company already.
A small portion of the stocks float is trading for retail investors as the majority is owned by institutions such as steve cohen, fidelity, and many other large institutional investors taking large stakes in the company with some having average hold times of 7 years
Im a pretty skeptical guy as you can tell from my posts on tesla fubo ozon and others so i always try to see the other side but again i came away from the call feeling that what they said makes sense and that the oppty is here and that this is not a fraud.
Interested to hear feedback from @seeroy on his demo of platform next wk. I’ll remain long the stock after the call & feel better about it regardless of the short term volatility/noise. Feel like lot of criticism are ppl loosely connecting things & not knowing the tech/business

More from Trading

We have shared a lot of threads exclusively on Subasish Pani in the past year.

As this year comes to an end, here are the 11 most powerful threads on Subasish Pani exclusively compiled for you all.

Collborated with @AdityaTodmal

1/ Important concepts from Power of Stocks - Subasish


2/ Important concepts with video links of Subasish


3/ The 5 EMA


4/ The Bollinger Band set-

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
My top 10 tweets of the year

A thread 👇

https://t.co/xj4js6shhy


https://t.co/b81zoW6u1d


https://t.co/1147it02zs


https://t.co/A7XCU5fC2m
1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:


2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:


3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than


4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.