@khaleelkazi's thread
1 share of SURGE gives you a right (but not obligation) to convert to 0.02 LSTR at any time
Right now, 0.02 LSTR = $0.115
As the LSTR price continues to rise, the equity value baked into SURGE rises as well
SURGE has a $1 floor price which means that the value of SURGE is predictably never worth less than $1. In the nuclear event of LeoStrategy needing to pay holders (dissolution of the fund), the SURGE holders get paid first and they get paid $1 per SURGE they hold. This means they:
- Live at the top of the preference stack
- Know that their 1 SURGE = $1 at a minimum, always and forever
The $0.115 (and rising) equity value baked into SURGE should increase confidence around it. There is no ceiling on this. When LSTR hits $75, SURGE will have +$1.5 equity value added to it
Along the way, you earned dividends and had 0% downside since you are protected by the $1 floor price
