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RE: SALT ico today
If they need to hedge with leveraged shorts then it just telling me that they do not have a stable plan going forward. To me a loan company is all about stability and consistency of income.
I'm speculating about how they might be doing it, and I could be way off. I also don't see how using industry standard techniques for hedging come off as not having a stable plan going forward. To reiterate, I could be way off. Does anyone have a different/better idea about how they might be able to make good on their sales pitch?
I guess we will know the answer when it goes live. They will have devised a way to skim their share of the profits from the investors after all they are backed by bankers!
I'm speechless.