PWRL Powerlaw Corp

$PWRL $VCX I wrote a script that extracts 300+ closed end funds from robinhood $HOOD to get the NAV and current price to calculate a premium or discount. There are 360 CEFs but due to stale info on robinhood’s backend I could only get around 300. That being said $PWRL is the 4th biggest discount of all CEFs examined at (31.4%). Meanwhile $VCX is the 2nd biggest premium at 66%. They both are really quite similar in their VC/tech exposure profile. So there really is a huge fundamental disconnect here. $NSLR is also cheap but it doesn’t have a NAV provided by robinhood.

$PWRL annual dividend yield is ~8.8% (the yield of 6% is based on the NAV not stock price) with a NAV discount of 32.5%. Truly incredible you get to own a fund that is 30% + below its fair value with a nearly 9% dividend. Usually the only way you can get such yields is distressed companies like $WU , $KSS etc or perhaps junk bonds

$PWRL the call that management did was really pathetic. It will bring out the likes of Boaz Weinstein who can buy the shares at a major discount to a rising NAV and he can replace management and reduce the management fee that is not deserved. Adding a dividend also made no sense. No one invests in pre-IPO growth companies for a dividend, in fact if they are doing a good job we should not want a dividend.

$PWRL I am bullish on SPCX but difficult to understand why anyone would buy the stock rather than PWRL which is trading at a 35% discount to NAV with a 30%+ position in SPCX which is already up from the last NAV as of 8/31.

$PWRL Robinhood $HOOD now displays NAV values for funds in the chart. This is a terrific update but the problem is it’s outdated for PowerLaw: official last reported NAV is $16.23 but Robinhood is showing the older $14.69 NAV

$PWRL why am i holding this... oh yeah, I'm underwater! I really thought i was catching asteal here, earlier than everyone else.

$PWRL The management company that organized this closed end fund are idiots. They should have aggressively been buying the stock at a 30% discount. The trading volume is pathetic. We need someone like Boaz Weinstein to come in and buy a lot of stock, drop the management fee and kick out Akkadian.

$PWRL Set a buy order at 8,7 for one more batch if we get there this will be dirt cheap