What in Tarnation? KindlyMD's Gone Crypto! Shrek's Got Thoughts (and Maybe Some Bitcoin)

Like an Onion This Deal Has Layers!

Well howdy folks! Shrek here reporting live from my swamp. Seems like even swamps get news these days and this one's a doozy. KindlyMD which if you ain't heard is a company that helps folks get over bein' hooked on those darn opioids has gone and hitched its wagon to some kinda crypto thingy called Nakamoto Holdings. Apparently this fella David Bailey – sounds like someone who'd sell magic beans if you ask me – is behind it all. It's like findin' a golden egg in a pile of... well you know. But I reckon not all that glitters is gold. Sometimes it's just fool's gold!

Show Me the Shrekels!

They're talkin' big numbers here – $200 million in convertible debt and another $510 million through somethin' called a 'PIPE' deal. Now I ain't no Wall Street Ogre but that sounds like a whole lot of Shrekels! Bailey claims he's been raisin' about $100 million a day! Sounds like he’s got more money than Dragon's got scales! Investors are buyin' shares for $1.12 but these notes are supposed to convert at $2.80. It is like selling magic beans that grow into golden goose! Zero coupon for two years? Sounds fishy even for this swamp ogre. I'd keep an eye on this one Donkey. Remember what happened with those enchanted beans?

From Healing Herbs to Digital Coins? What in the Swamp?

Now here's where it gets stranger than a Gingerbread Man wearing lederhosen. KindlyMD a company built on helpin' folks with addiction is jumpin' headfirst into the world of... Bitcoin? I thought they dealt with herbs and whatnot not digital coins! Bailey says they were lookin' for the 'right vehicle.' Seems like they found a rusty old carriage hitched to a rocket ship. Tim Pickett KindlyMD's CEO is sayin' it's all about expandin' their mission and drivin' long term value. I hope that don't mean they're gonna start treatin' opioid addiction with crypto… that sounds like a recipe for disaster even for me!

Rebranding Time! Say Goodbye to 'KDLY,' Hello to... What?

They're even plannin' to change their name and ticker symbol. Out with the old in with the new I suppose. They’re gonna start buyin' up Bitcoin companies like they're buyin' onions at the market. The idea is to build a whole network of Bitcoin businesses with the healthcare side takin' a backseat. Like Farquaad gettin' replaced by… well anyone! I just hope they remember the folks they're supposed to be helpin' in all this digital hullabaloo.

Bitcoin Bonanza! More Valuable Than My Swamp?

Apparently Bitcoin is goin' for over $102,000! That's more than I paid for my swamp and that's sayin' somethin'! Bailey's all about increasin' the Bitcoin per share. He figures he's sellin' Bitcoin for more than a Bitcoin. Now if that ain't confusing enough to make your head spin faster than Donkey chasin' a butterfly I don't know what is! Reminds me of tryin' to explain layers to Donkey it just don't compute.

Trump Crypto and Ogre Sized Influence!

And get this Bailey's got connections. He's been to the White House more times than I've scared off fairytale creatures! Seems he's an advisor on all things digital. He even says the President delivered on all his promises to the Bitcoin industry. It's all political just like when Farquaad tried to take over my swamp. Seems like everyone wants a piece of the pie even if it's a digital one. But I’ll keep this for myself better out than in I always say!