Tron Inc. — a company with a name seemingly borrowed from 80s sci-fi
Stocks soared by 14.58%, and if you think that's 'little', then you're probably only holding Treasury bonds, or worse, monkey NFTs.
APPLICATION TO SEC: BUREAUCRACY CAN BE SEXY
What did Tron Inc. do? They filed an application with the SEC. Not for setting up a lemonade stand. No. For 1 billion dollars. Just like that, modestly… in the spirit of 'we just want to have the ability to issue stocks, warrants, debts, options, and maybe tickets to Mars.'
Right after that, the company's stocks began to behave like teenagers at their first Metallica concert. They jumped up, fell down, jumped up again. It reached $11.94, and then stabilized a bit. But you know how it goes: if the market sees the word 'billion' — logic goes on vacation.
AND THERE'S STILL JUSTIN SUN'S FATHER...
Yes, that same Sun who once promised to make TRON great. His father is now the chairman of the board of Tron Inc. As they say, if you want to be heard, bring your dad. It's like if Mark Zuckerberg announced that his mom would now run Meta.
PIPE DEAL FOR $100 MILLION:
(NO, THIS IS NOT ABOUT PIPES)
The company isn't just fantasizing about money. A large PIPE round has already been closed, raising $100 million from investors, receiving 200 million shares at the price of a cheese bun ($0.50) and another 220 million warrants, just in case. Payment? TRX, of course. As if cryptocurrency is the new oil, not something that depreciates overnight after Elon tweets.
The market is happy. The SEC is pleased. Tron Inc. is confident.
But the question remains: 'Where on earth will all this billion be working?'
Are you investing? Are you taking risks? Or are you just holding popcorn and watching how a regular application to a government agency turns a useless company into a Nasdaq superstar?
If Tron Inc. is indeed investing this billion in technologies, blockchain, and Web3 infrastructure, then we might be looking at a new giant of the digital economy.
