I am using this account to track my sanity while waiting on this play

Maine
Joined May 2015
On a carnivore diet people rarely fart at all If you think farting all the time is a sign of a healthy diet Then you are likely retarded
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I have not read it yet in its entirety, but the first couple of pages have my ears perked. PLR Number: 202633005 Release Date: 8/14/2026 irs.gov/pub/irs-wd/202633005…
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Workers' average earnings rose 3.0% year-over-year in September 2026 (BLS data). That's about one-tenth the nearly 30% S&P 500 earnings growth forecast for the period. Inflation is expected to come in at 3.4%, so real earnings are actually falling.
The Associated Press
@APOct 6
BREAKING: The U.S. stock market hits an all-time high as expectations rise for companies to keep making more money. apnews.com/article/stocks-ma…
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The "Madoff Exception" let market-makers fail to deliver on trades. After going to prison, Madoff gave an interview where he said words to this effect: "Underneath it all, it was all just naked short-selling." I had economists walking the SEC & FBI through this since 2005.
🚨🚨 THE MADOFF LOOP Bernie Madoff did this for decades. Yet the šŸ‡ŗšŸ‡ø FBI and SEC couldn't see what was happening. I think the real reason is they didn't want to see it. Whistleblower Harry Markopolos gave them a map and they didn't follow it. That is not incompetence. That is compromised šŸ™‰šŸ™ŠšŸ™ˆ
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greg
@greg1667693542023 Jan 2025
Replying to @TheRoaringKitty
I wonder what he’s waiting for
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reading 2026 posts about GameShire Bathaway and Teddy the holding company
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Ryan Cohen's letter to BBBY šŸ‘‡ The $1.2bn in debt at the time was entirely the notes that were issued in 2014 Every dollar of those notes was created for the sole purpose of buybacks Gustavo and Tritton continued accelerating the share repurchases despite the company burning cash JPMorgan worked extensively with Gustavo on the buybacks JPMorgan were the underwriters of the notes JPMorgan were used by Ryan Cohen to sell his position, and they leaked the news to everyone before the sale hit the market publicly JPMorgan's head of Global M&A was concerned about Ryan Cohen and asked the BBBY board what their plan was to deal with him JPMorgan and MSC have colluded for fraud historically JPMorgan were removed as senior lenders by Sixth Street in early 2023 after a tug of war for control over the estate The lookback period for fraudulent conveyance in Chapter 11 is around 90 days, 90 days before Chapter 11 filing on April 23rd 2023 is Monday 23 January 2023, right at the time Sixth Street raised capital to pay JPMorgan to stop them forcing the company into Chapter 7 The HBC deal was facilitated to clear ABL obligations All the pieces indicate that JPMorgan fucked up, bad and dug themselves deeper. JPMorgan have paid billions in settlements since 2014. They will pay the waterfall for their reprehensible actions.
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🧸 šŸ» Cheers to all the OG’s from ā€œback in the dayā€ We were attacked, canceled & most of us suspended at one point or another Be cautious of the narrative control that we’ve seen in recent months Know what you hold & think critically when it pops off POWER TO THE PLAYERS
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The older somebody is, the less likely it is that luck dominated their life outcomes (especially to the downside in America). As you age, more and more is the accumulated sum of your own decisions. Bear that in mind when you meet people with disastrous lives in their 30s & beyond
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The next great wave of entrepreneurship may not begin with an idea. It may begin with an acquisition. For the past two decades, we have glorified one version of entrepreneurship: Start from zero. Raise venture capital. Burn cash. Chase hypergrowth. Hope the company survives. But a historic opportunity is emerging in the opposite direction. McKinsey estimates that by 2035, around six million US small and medium-sized businesses will face an ownership transition as their owners retire. More than one million are viable candidates for sale, representing up to $5 trillion in enterprise value. Yet in 2022, 92% of SMB exits happened through closure. Only 5% were sales and 3% were ownership transfers. This is not creative destruction. It is a succession failure. Many of these companies already possess what founders spend years trying to build: Paying customers. Trained employees. Supplier relationships. Cash flow. Reputation. Community trust. Entrepreneurship through acquisition—ETA—offers a different path. Not zero-to-one. But one-to-ten. A capable entrepreneur acquires a viable business, protects what made it successful and builds its next chapter through better leadership, technology, distribution and capital allocation. Nearly 80% of projected exits are expected to involve businesses valued below $2 million. These companies are often too small for traditional private equity, but large enough to provide meaningful employment, generate durable cash flow and become platforms for long-term wealth creation. The AI era makes this opportunity even more powerful. The biggest ETA opportunity may not be buying software companies. It may be acquiring manufacturers, logistics companies, healthcare practices, maintenance businesses, construction trades and professional-service firms—and giving them a modern operating system. AI can improve pricing, sales, scheduling, procurement, reporting, compliance, customer service and decision-making. A company built over 30 years does not need to lose its identity to become significantly more productive. And AI does not remove the need for operators. It increases their leverage. But ETA must not become private equity in miniature. The best acquirer is not merely a financial buyer. The best acquirer is a steward: someone who respects the founder’s legacy, retains the workforce, protects customer trust and grows the company for another generation. For investors, this could also become an important real-economy asset class. Family offices, banks and private-credit providers can back talented operators, combine acquisition equity with seller financing, and provide shared technology and operational support across multiple businesses. To unlock the opportunity, however, we need more than search funds. We need acquisition education, transparent marketplaces, standardized diligence, flexible financing, properly structured seller participation and real post-acquisition support. We built an enormous ecosystem to help people start companies. Now we need an equally strong ecosystem to help good companies survive, transfer and compound. McKinsey estimates that a functioning ownership-transition market could preserve up to 12 million jobs and protect approximately $250 billion in annual local spending power. This is bigger than M&A. It is a new pathway to ownership, financial freedom and economic mobility. The next great entrepreneur may not start from zero. They may acquire a great foundation—and build its next chapter.
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tl;dr: it is the only way a guarantor makes sense to me. I’m glad that you asked and I had never considered it until July 20 when a guarantor showed up on the bond listings. I had always been of the belief that the bondholder recovery would be cash-based because that was how it was outlined in the Plan. it was also my opinion (emphasis, opinion!) that if you were the acquirer you would not be inclined to give the bondholders equity of the NewCo because of how unsupportive and adversarial they were in voting against the Plan. in hindsight, maybe the two happened in the opposite order and the decision was made before the votes were seen, but who knows. the guarantor made me reconsider a lot of my prior thinking because: • if their recovery was only cash there would be no guarantor because waterfall provisions in the Plan would be the source of their payout; • if the recovery was to be equity, there is no need for a guarantor either because equity is never financially backstopped with any guarantees; it is full downside risk for unlimited upside potential. what even would be guaranteed in an equity scenario? so in trying to find where this new piece of information belongs in the puzzle I started by asking how would a guarantor enter the picture? well as it turns out a guarantor in the context of bonds is a very specific thing: ā€œa guarantor is a third party—such as a parent company, financial institution, or government body—that legally promises to pay the bond's interest and principal if the primary issuer fails to pay.ā€ that is from investopedia. that made me realize that there could be a debt-to-debt conversion because it is the only outcome that logically follows that definition. conveniently at the same time they were renamed from BBBY to DKBFLY (not -1!) which is a really important distinction, the indentures now have fiscal 2026 added to them (why?) and the best question of all, why now? unless there is a purpose behind it (I think dismissing the guarantor as a mistake or error is lazy). $BBBYQ
Replying to @jake2b
Why did you come to the conclusion that bonds would be a debt for debt exchange? Personally I feel it’s unlikely they want to pay the bonds out in cash, so I do agree there needs to be some form of pro-rata exchange. However, in my opinion a debt for equity into the new shell company makes the most sense and could actually be argued this way with the name change and guarantor as well…
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Part 9: my thoughts on how Sixth Street and HBC worked together as two buns of the same cheeseburger. watch: youtu.be/IQMZKk7-eIE
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ā€œIt’s similar to Berkshire Hathaway, except what Berkshire did in decades we’re attempting to do in a much shorter time in terms of creating that much value,ā€ said Cohen $BBBYQ $GME
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šŸ“… MAJOR UPCOMING DATES FOR $GME 8/21 - Monthly OPEX 9/8 or 9/8 - Likely 2Q26 Earnings 9/11 - T-35 from 10/30 Warrant Expiration 9/14 - 2029 Equity LEAPS added 9/23 - Exchange Event VWAP period closes 9/25 - C-35 from 10/30 Warrant Expiration
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I had some friends ask me about the $GME news so I figured I would share my thoughts out loud. I do admire that I am a trusted opinion but please remember, this is just that. I don’t think the reasoning behind the note conversion is that complicated. I would take that one step further and say that it signals to me the new $eBay offer is very close; let me explain. the other day eBay acquired some business I have never heard of called depop for 1.4 billion in cash ā€œall-inā€ closing price. depop is a business that loses a lot of money, despite spending a LOT of money to create that revenue. if you were an investor, you might think of this as a liability. but, it gets much worse. looking at eBay’s last 10-Q they only had 2.8 billion in cash and cash equivalents. total. the board spent half of all of eBay’s cash to acquire a business that lost 53 million dollars according to their most-recent annual disclosures. ..and that is after a 42% YOY revenue surge. YIKES. so, ā€œhow could GameStop do this to me?!ā€ it’s simple. I said back in January that I believed big dog & co. had their financing structure already lined up for the acquisition, including a financier. now, look at the big picture from an investor’s perspective. the target company, with an acquisition value of 56b just spent 50% of ALL of their cash into a business that loses a lot of money. I think that significantly changed the dynamics of the deal for the investor that is backing the acquisition. the GameStop Board really wants eBay and of course, the total Convertible Note debt being retired is equal in amount to the cash spent by the eBay board. they went to work and found amicable Note holder(s) who were willing to surrender their debt in exchange for shares. I believe this fixed the math and offset the reduced cash pile, putting the acquisition financing back on track. in case it’s not obvious, I believe it’s bullish because it means the deal structure is established, maybe even ready and very close to execution. — also: • the eBay acquisition is not on pause until after the VWAP period; • of course the Board will offer a favourable VWAP pricing window to the Note holders. this was a privately negotiated, amicable exchange *outside of* the terms of the Note agreements. GME can’t initiate or force settlement of the debt for many more YEARS, but certain Note holders came to the table and helped them reduce their debt. • this finally broke months-long price stagnation and don’t forget, there are MANY MORE Note holders who can now harvest volatility again and generate profits by flipping their positions long.
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Replying to @eggloserboy
Well, here’s what I’m looking at… early exercise of EBAY options early convert of notes at a low price (for now) NSCC memo saying they won’t clear warrants Ryan following Bill and the White House HBC case gone Fannie/Freddie bond guarantor first day of GME Q3 Ryan media blitz Teddy redirect to GameStop Tell me this isn’t indicative that something massive is about to unfold.
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It seems we're in the part of the game where eBay can't make a move without helping GameStop: • Increase dividends āž” GameStop gets more cash • Decrease dividends āž” eBay stock drops, acquisition is cheaper for GameStop • Do share buybacks āž” GameStop's ownership grows for free • Cut share buybacks āž” eBay stock drops, acquisition is cheaper for GameStop $GME $EBAY
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Post market today šŸ‘‡ xitter.cf/i/spaces/1oKMvvWdXroGQ

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Hey good news: JPMorgan's final Uncollared Accelerated Share Repurchase Agreement, specifically with Brett Chalmers as the Authorized Signatory took place in June of 2022. I wonder why they stopped..? Chalmers has a few more ASR contracts after that time, but not the Uncollared type. Chalmers had a pretty good streak going there for a while. It obviously has nothing to do with those businesses beginning to have financial issues after signing on the dotted line over the next couple of years... oh no. Appears most did. Loaded them with debt shooting out their ears on a good portion of them. Some taken private, some teetering on bankruptcy, one for sure, took the Chapter 11 dive. And I sure know who that one was. But not one Brett Chalmers signed JPMorgan Uncollared Accelerated Share Repurchase Agreement, since June of 2022. Something about that date... Who got fired one month later..? Oh Twitton. The SEC link below, will take you right to every Uncollared ASR filing that has existed which only contains three key words & phrases. "JPMorgan" "Brett Chalmers" "uncollared accelerated share repurchase" 18 Total results, all between 2014 and 2022. You should try this one too, after you look at the SEC link below, but this time, only remove "uncollared" in the quoted phrase, and search again. I total of 24 hits show up. Including the fun one, Vitamin Shoppe. And if you look at it, it wasn't an Uncollared ASR it was a Capped ASR. Somebody smart with the initials DK, like any person with common sense, would not let anybody, let alone JPMorgan, to pick and choose at will when they go to the open market and snap up shares, at any price. If you read the complaint in the Securities Fraud Case, they were paying hefty sums for those shares. David Kastin has been associated with them for the last 11 years. Started in 2015 as General Counsel, and currently is the Executive VP, General Counsel and Corporate Secretary today. As Sal & Jake have mentioned, DK spent his early years, with the SEC. (FYI, this changes nothing, I'm not accusing any one of criminal activity, the Securities Fraud case against the legacy Bed Bath & Beyond Board, CEO, and late-CFO already did that, but thought I'd share, as it is all public information, and....well... interesting). sec.gov/edgar/search/#/q=%25…
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🚨BREAKING Ryan Cohen's Interview From Bloomberg Today Discussing eBay & GameStop $GME $EBAY
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