Sold out $SACC bonds. Thanks for the tip @ragnarisapirate that was a great riskless return.
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Maybe we just define the world "riskless" differently. I wouldn't associate the word with any security issued by a tiny tit company with corp governance issues that makes hard money loans with sky high pre-COVID default rate. Also massive geographic concentration (CT).
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Well the thing is Austin we only see one reality so an investment is always either perfectly riskless or perfectly risky and it depends on the outcome which it was. Cashed out at $22, bought at $15. This one was perfectly riskless! Remember outcome > process.
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What about market cap covered in cash?
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