2D·

$IREN Scam?

Hey everyone,

First post on this occasion:

The board of $IREN (+6.27%) is simply giving the two co-CEOs 18.2 million RSUs worth nearly 800 million dollars. While the stock is under pressure due to Meta Cloud rumors, the Roberts brothers are cashing in big time.

I’m not a fan of this at all—what do you think?

A very weak signal at this stage.

6 Comments

Michey777@Michey777

That's a milestone plan, isn't it? It didn't just come out of thin air. Besides, the shares have a lock-up period—they won't all be issued right away, right? Today's personnel decisions are much more interesting. They're good people, and I think it's very positive.

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Yoshika 🦋.@Yoshika

@Michey777
Nope, no milestones. No operational targets, no price target. They'll just hold on to them for four years, as long as those two are around.

Performance is optional; dilution is included.

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Schmon@SchmonInvest

It's not always good news, and things don't always go up. I just bought more yesterday—so what? In 5 years, that 12% won't matter.

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Olli@Olli68

Am I the only one who thinks the amount is "somewhat" disproportionate? The latest quarterly figures weren't exactly impressive, after all.
Is there perhaps a family connection to Musk?

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Mr. K@TechNav

They were involved in some kind of crypto scam, right? Something to do with BTC or something like that? 🤷‍♂️

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TradingHase@TradingHase

Am I seeing things? For me, the price has gone up over 3% so far today 🤷🏼‍♂️

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