So you are literally selling them futures on your next preferred series, except if the valuation comes in below the cap, then they get extra stock, so there's no downside for them except total equity wipe-out.
Why do I feel like this is a leading indicator of imminent bubble collapse?
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So you are literally selling them futures on your next preferred series, except if the valuation comes in below the cap, then they get extra stock, so there's no downside for them except total equity wipe-out.
Why do I feel like this is a leading indicator of imminent bubble collapse?