valcont

Looks like the senators got a briefing on UFO sightings today. Trump was briefed last week. https://www.politico.com/story/2019/06/19/warner-classified-briefing-ufos-1544273

Nope. I can say there is possibility of life else where based on my observation that life exists on this planet. Its a fact and I have several ways to prove the hypothesis. I don't need to understand how planet was created to prove that there may be other planets in the Universe. Probability does the trick here. Actually it makes no sense. Current hypothesis is based on the fact that life exists here and we have observed it. Let me know when you observe the God almighty.

Your statements may be correct but your inference is precisely wrong. If you believe both to be true AND you can observe life on earth than it is safe to assume that there is a possibility of alien life somewhere else. Mind sharing the hypothesis for that pre supposition?

There is really no upside for the government to disclose it. If its an enemy craft then they are not prepared to handle it and if its an alien ship then there goes the social/religious fabric of the society and all the fairy tales that comes with it. If it were an organized hoax then you will hear a LOT more about it in the media.

I own a C Corp business that has been accumulating cash which I won't need to reinvest for at least 2 years. I am interested in hearing from the business owners about their strategy to invest the excess capital. I am guessing that treasuries or laddered bond portfolio can work but has anyone attempted stock/index investing via company account ? My accountant wasn't much help and I am not sure how IRS looks at this investing activity especially the gains/losses. Going to be digging on that but any insights will be helpful. Also any recommendations on the brokerage firm that handles company accounts? I called the Interactive Brokers and they only know how to open a 401K account in the company's name.

I don't pay attention to the kidnappings or waking up to little green men stories. But UFO's around military installations or reported by pilots seems credible enough since the reporting party have lot to lose if this was a hoax. But both of them are treated the same way in the media.

Possibly, although I don't get the rational of flying clandestine warplane in the commercial alley. But who knows , maybe they are testing the F-U series. And I don't get the media attitude about covering this. Even if you strongly believe its not an alien craft, isn't there a huge story about security gap or pilot insanity? I do admit that I'm a UFO junkie. We barely understand the universe, our place in it, life's origin to conclusively state that we are alone. Maybe Musk is right that the odds of this world being a simulation are higher than this being a base reality.

This reporter has filed some interesting reports of an encounter over Oregon and California. The FAA interviews with the pilots are fascinating. http://www.thedrive.com/the-war-zone/19095/listen-in-as-a-learjet-and-an-airbus-encounter-a-mystery-craft-high-over-arizona http://www.thedrive.com/the-war-zone/18473/faa-recordings-deepen-mystery-surrounding-ufo-over-oregon-that-sent-f-15s-scrambling?iid=sr-link4

BTW this wasn't a criticism of writser's strategy. I meant to say I got lucky with this pick. Bad attempt at sarcasm.

Probably the first one to report a loss. Down 15%, could have been worse had I not followed Writser's strategy AND ignored his advice of not investing in joke of a company called MRS. Doubled in 3 months. Biggest losers were FELP and OCN.

If you have a fund , why not open a solo 401K and move your IRA? I have one from Fidelity which is free and have complete control over my investments.

haha sorry buddy, I take it back. Didn't mean that you throw darts. I meant taking small positions where the probability of success is positive overall. And I probably started with the wrong stock.

Well it still is only a $20m mkt cap company. The PO is either there or its a complete fraud. If the PO is legit than $400m rev over five years doesn't justify $20m cap. Even the distributor will advance $20m if they get the $50m PO in the first year. I got interested because of the PP. This one was private and the participants usually have access to lot more material than whats available in the public realm. Even the management participated and bought around $100k. On the other side , you have 10m warrants at a strike of .15 expiring at the end of the year. Who knows may be this is a set up to cash them out as discussed in other sites. I'm taking writser approach and putting in 3% so I don't have to dig deeper.

I bought some when I saw the management buying in a PP. I thought it was a joke of a company with funny sounding name and I still have doubts about it. B I did a little research and found out that they actually have a product that was co developed with a government's division. Who knows it might be a pump-n-dump but if the PO materializes then this one will have a big upside.

Estimate intrinsic value for an entity that just declared restructuring? NO THANK YOU. I sometimes think that Buffet has done more harm than good by blabbering these aphorisms that people mindlessly parrot. Here is a better one “These stunts are performed by trained professionals, don't try this at home..”

Well this is not my style of investing but for an argument sake , will I be interested in it if its closer to fair value and I can get a nice IRR? Well that will be determined by my position size and the time that I will spent on it. At closer to fair value , I have to have a decent position size and spend a lot of time since I am risking a dollar for a penny. So not worth it. But if I bet multiple times on similar situations, than I am betting on the deal flow which in this market is pretty guaranteed. So a good strategy in this market. Not sure if you have tried it around 2008,09,10 but there were fewer deals then and a lot more diligence. As I have said before, if its a pre pack in which all parties agree to the deal then the only risk is buyer walking out. So a good chance that it will go through.

That's the key. And since the positions are small enough, less research. I am fascinated by this approach but you need a certain type of personality to do this churning. I am more like a home run type. If I don't see a lot of potential , I am not interested. Well I would first try to find out why is there a 10% discount? Most likely it is reflecting the time to get the restructuring plan approved. The exhibit only refers to the opt in date which is next month. Not sure if this is a pre pack where the leaseholders are already agreeing to the terms or the company will try to cram up. Either way it'll need a judge's approval.

Just curious how do you size your positions? In this case you are risking a complete loss for a 9% return. There is no arbitrage here so this is a binary bet based on the founder's stake . Is that the right way to think about it? I look at your posts but have never pulled the trigger since I just can't justify the risk/return.

I used to work for an investment bank. Even though we had an electronic bond trading set up, most of the trading was done the old fashioned way via telephone. You are better off calling the IB trading desk and have them execute the order. You will get a much better price. No point in calling the exchange, they only deal with the brokers.

Would have been a great call 6 months ago... ;) I bought a small stake earlier this year after reading aviclara's (one of my favorites) thesis at VIC. I agree it was a low hurdle until now . They only have to meet the margins that they have been advertising since last year. But the Amoled growth story is still intact and they are the only independent provider. The back half of this year should see more growth.

Oh come on. The guy's father is a senator of the US!! I'm sure there is a lot of alpha coming out of that. Ask Buffet.

How's opening a new servicing facility tied to their ability to refinance? They are not taking on new debt and as long as the covenants are fine , lenders can do little. The concern is if they can refinance the debt and if yes than at what rate.

This reminds me of the embarrassing situation where I was put on the select team in Soccer even though I sucked because they confused me with a much better player who has the same first name. I think you are confusing with the far more intelligent poster Roark33. I have one comment on Ocwen and it reads: You are right, I did confuse one master with the other. I confuse Bruce Lee with Chuck Norris the same way. No excuses.

An interesting idea indeed! Thank you for alerting us to it and sharing your research! Mcap: 30 million earnings: 0.7 million Revenue: 13 million So they currently trade at nearly 3 times revenue and the whole case is based on them growing. Seems expensive to me. I agree with Rukawa, permabear on this board :) . Wish I had listened to him about Ocwen.

Name one thing that had originated in Canada in the last 50 years that people from all over the world has found useful on a daily basis (Pamela Anderson excluded). US is the center(or epicenter) of this planet. Weather its internet, google, Apple ,Uber, F16s, Mars missions, medical breakthroughs, shale ,politics , movies, this country rules the world. Immigrants understands this energy and the potential. And the ones that can't make it here go to other places.