$SMCI lacks a plan, BDO hasn’t audited, and Nasdaq’s delisting looms. MicroStrategy $MSTR is going to crash hard. Just like it did in 2000.

$MSTR’s market cap now surpasses $NEM and $GOLD combined.

This is insane. $MSTR's market capitalization now exceeds the combined market caps of $NEM and $GOLD, the two largest gold mining companies in the world. I wonder how much longer it will take before MSTR's market cap exceeds the capitalization of the entire gold mining industry!

— Peter Schiff (@PeterSchiff) November 19, 2024

BREAKING: Michael Saylor, the CEO of MicroStrategy, $MSTR, is reportedly set to meet with the board of Microsoft to discuss buying #Bitcoin.

Saylor believes Microsoft, $MSFT, should park its cash in Bitcoin.

Microsoft currently holds $78 billion of cash. pic.twitter.com/VsjBa34CNN

— The Kobeissi Letter (@KobeissiLetter) November 19, 2024

• $SMCI doesn’t have a plan
• BDO hasn’t looked at their books
• BDO hasn’t agreed to conduct the audit
• SMCI didn’t tell BDO why auditor Ernst & Young quit

Still waiting on Nasdaq’s decision to extend or delist. Super Micro is 82 days non-compliant like 2018 when delisted.

• $SMCI doesn't have a plan
• BDO hasn't looked at their books
• BDO hasn't agreed to conduct the audit
• SMCI didn't tell BDO why auditor Ernst & Young quit

Still waiting on Nasdaq's decision to extend or delist. Super Micro is 82 days non-compliant like 2018 when delisted. https://t.co/OqMQ1Ile5h pic.twitter.com/X3z3DDpM31

— Financelot (@FinanceLancelot) November 19, 2024

MicroStrategy $MSTR is going to crash hard.

Just like it did in 2000. pic.twitter.com/NUa0XY6ePE

— Minsky Moment (@BP_Rising) November 19, 2024