POPA ReconIf the company does want to fully solve the problem, the way we see it is there are essentially two realistic choices:
If the company does want to fully solve the problem, the way we see it is there are essentially two realistic choices: 1. Start buying back STRC 2. Fully abandon the price stability mechanism and move the rate down to SOFR In the long run, in our view, ultimately the company will end up going down one of the above paths, or perhaps buying some back and then eventually lowering the coupon to the SOFR rate, if the company does not succeed in buying back all of the outstanding. https://x.com/FarsideUK/status/2070844434355286403
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