Do you consider D5 development the best choice for Saul proxy play uh and get exposure to Saul in my UK ISA? He didn't mention if it's a leap or not. So, we'll talk about all those issues.
A lot to unpack here. Crypto proxies can be great if you time them right. Okay. First of all, Hodddle model is back again. This is the NAV premium of 0.51 for D5 Development Corporation.
That sounds great on paper. That means basically you're buying Salana at half off. But there's a twist. In fact, there's a number of twists. First of all, they've got a ton of debt.
Okay, nearly half the market cap is debt. 125 130 million. Important. Always look at the financials. Also, when you look at the numbers, 89% off all-time highs. They have 2.56 million sold, which you saw on the hodddle model.
Liabilities 126 million and preferred is 16 million stated value. That's the first thing.