SLNHP
Soluna Holdings Inc Preferred Series A
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I’ve been rocking out with $RITM recently, swinging it somewhat successfully just to take some profits while still holding the position I want. It’s a little stressful making sure I get back in but I think I’m getting the ticker figured out a bit. If it explodes in the morning it’ll probably sell back down & if it dips it’ll probably come back up. Al’s eyeing these $SLNHP preferred shares for a higher-risk play… What’re the odds that they’ll be able to pay back the dividends or refinance to a lower rate?
Penny stocks are trash, & a lot of the times there’s absolutely no “value” in them. You’re buying an idea, often with a business that’s operating at a net loss. I’m growing tired of them, BUT… [$SLNH looks to have preferred shares, $SLNHP, with suspended cumulative monthly dividends.](https://www.quantumonline.com/search.cfm) 9% of $25 is 27.7% of $8.11 (current price). Plus, the $25 call price is >3x the current price. Imagine having bought them at ~$3; they do look to be coming back though, demand-wise. IF you think Solana is at an inflection point, they may want to refinance debt & potentially get a better rate for a new set of preferreds. The payout here would be ~6x. I’m considering loading in my highest risk, long perspective portfolio today as a YOLO-type play with a potential payout.
$BTBT, $SLNHP & $SDIG are all trading at disrespectful market caps
I did something similar with $SLNHP; I put six figures at $24-ish.