Serenity warns investors: Be wary of infinite dilution traps and stay away from companies with "toxic" financing structures

Serenity, the "new stock god", issued a document on the X platform reminding investors to pay attention to the financing structure and the dynamics of outstanding shares. If the fundamentals are good, they can consider doing more after the original shareholding has been diluted. However, if they pay attention to the appreciation of equity, they should stay away from "toxic" Financing structures or companies with heavy debts, and small-cap companies are particularly risky. At the same time, examples are given: 1. IREN: The financing method is close to infinite dilution, and it is sold off every time it rebounds, which is basically a "bad stock". 2. NBIS: Year-to-date increase of 153%, thanks to the optimized financing structure (such as direct financing, convertible bond portfolio, etc.). 3. CRWV: Debt interest rates are high, and the company uses usury for GPU financing, which erodes free cash flow for a long time. Serenity added that investors must carefully analyze the equity structure, dilution risks and hidden costs when screening targets to prevent actual equity from shrinking just by looking at profits.