whatstheofficerproblem

Looking forward to the video, do post a link on here once done. I have worked for a Venture Capital firm before, it is fascinating how many unique businesses are out there with revolutionary ideas that fail because of timing or miserable execution, and then there are also outright stupid ideas and business models that are slapped with billions in valuation. Lucid motors with a market cap of $15B has a cash burn >$6B; Curious to know what his next billion dollar idea was.

The lyrics in this one! Ford fans are gonna love it.

Cough.. I'm not too greedy, I just need a board seat.

@RedLion maybe your toddler will create a REIT that will outperform BX and the rest. I can smell the money on this one, better invest when young, will probably be too expensive later on. How can I along with Harvard with combined 8 billion dollars, get a piece of your toddler's REIT. I mean, BX got money from a non-target state school, we can do better than that.

Couldn't stop laughing. Especially the qualities Warren lacked part.

https://www-bbc-com.cdn.ampproject.org/c/s/www.bbc.com/news/world-us-canada-64082923.amp Foreigners now banned from buying homes in Canada!

Yeah, I meant businesses and rich people, well since it was in Germany, I was confused, any chances an event like that can happen again? A lot of people seem bullish abuot the Yen.

Long time ago, during the cold war era, right before the Russian Ruble massively lost it's value, I heard that some rich people and Hedge Funds/Businesses anticipated this fall and took out massive loans from Russian banks with help of corrupt bank officers. They then converted everything to USD, with a strengthening dollar and a weakening ruble, it is said that as soon as the Ruble fell, they quickly repaid all this debt for less than half of their debt amount and pocketed the rest as it is now pure profit. Is this true? If it is, why are there not many people doing this again? The ruble fell heavily during Q1 2022, why not take out a loan a couple Q's before and profit? Same is the case with Ukranian hryvnia. I know it can be difficult to time these things and I'm speaking with a lot of retrospective bias, but any business entity with a loan from these countries must have enjoyed this year because it was easier to repay? Thoughts?

Yes! The VIC write-up did not play out. Made it back on ACAXW though.

Noobs. Tiger Global is down more than 50%. John Curtius is a genius, he gave money to companies at ridiculous valuations, now he left Tiger, started his own shop and is taking money from the very people he made rich. This is the perfect plan, I hope some hedge fund will with too much money to spare will make me an LP so that I can invest in startups and slap ridiculous valuations on them, make the founders rich, leave the firm and then start my own with the money I made these founders, and in the process get my name into something called 'Midas List'.

Nice, looks like somethings are inevitable! What might be the best way to bet against the housing market in Canada?

Higher than Japan at peak real estate bubble. What is the likelihood of a burst here?

Yeah, looks that way. Meeting is next month, we'll see what happens. Worst case scenario I lose $70, no more Cane's for a couple weeks.

Wow.. Can someone let me know what the actual hell happened today? The price of OSTRW jumped to $0.0065 from $0.0004? Insider activity? What was that? Volume spiked to 500k+

The reason I think it is just to avoid litigation is that, all the SPACs that have asked for liquidation after August 16, when the bill was passed, is the same, literally a copy and paste about how they think it will be better to liquidate before 2023 due to the 1% tax, and most of their meetings are in December. It looks as if these SPACs are just rolling through the motion than actually wanting to liquidate. The ones that liquidated kept their 'forward-looking' statements relatively small as though they want to liquidate, in the case of OSTR, there is huge BUT, it implies they have targets in mind and that they might be able to get an extension/more financial support from Alden Global.

Yep that's it, cost me $70ish. I don't think Alden Global now suddenly wants to give up on the SPAC, rather, they only want to protect themselves from litigation in regards with the new excise bill, their PRE 14A mentions in the forward looking statements that their plan to liquidate might change depending on, 'our expectations around the performance of a prospective target business or businesses' which leads me to believe they do have acquisition targets in mind. it also mentions, 'our ability to draw from the support and expertise of Alden Global' and 'potential to obtain additional financing to complete initial business combination'. From the $1.5M that Alden Global had agreed to give OSTR, they have already withdrawn $1M, not to mention the sponsors are set to lose a lot money if the company liquidates. Not to mention that Alden has already put more than $30M of their money on the table here + the sponsors have most of their risk capital in warrants which they bought at value of $1.00/warrant which would become worthless should their be liquidation.

A general question for those in the know, a lot of SPACs are filing for early liquidation/ to move their liquidation date before Dec 2022, so that there will be no additional 1% tax and to protect shareholder money since the new Excise Tax bill has been passed and will come into effect in 2023. How much of this, do you guys think is to avoid litigation later on than to really liquidate, if the shareholders vote against liquidation, only they will held responsible if there is no deal? What are your thoughts on this?

Interesting take, all the best!

I don't know if I did the right thing, but I just bought 130k of OSTRW. Randy Smith better call me today.

Silver - Invest $6000 gets $12000, $50000 gets $155950 Gold - Invest $6000 gets 35200, $70000 gets $200000 Nothing shady at all. Very conservative returns, almost thought this was a mutual fund.

That is exactly why I was second guessing if I should. There are a lot of online forums, reddit and discord servers that target SPACs and short squeeze. I don't want to pay all that borrow fee to not even make any money in the end.

Thank you for your wisdom. Will keep this in mind.

That is what I'm thinking about. A hedge sure helps, so I plan to short the common. If for some reason I believe that shorting isn't for me, I'd rather just buy rights instead of the warrants, because to lose money on those the common must fall significantly.

Yes, the warrants can 10x, also if the writeup on VIC about LIBY is true, it can even yield much more than that. All the SPACs listed above either have their own specific write-up, or a mentioned in VIC. https://valueinvestorsclub.com/idea/SILVER_CREST_ACQU_CORP_-REDH/0667062517 The above write-up had a list of many SPACs