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Impossibly Perfect Sphere posted:Guy comes into this sub and asked how to buy Sears stock. There are lots of angles here, and they're all obtuse
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Jul 13, 2023 15:26
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Impossibly Perfect Sphere posted:Guy comes into this sub and asked how to buy Sears stock. That last reply is two syllables away from being a haiku.
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Jul 13, 2023 15:41
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https://www.cnbc.com/2023/07/13/former-celsius-ceo-arrested-company-agrees-to-pay-4point7-billion-settlement.html Federal prosecutors unveiled seven charges against former Celsius CEO Alex Mashinsky and a key executive, Roni Cohen-Pavon, alleging fraud and securities manipulation. The SEC announced concurrent charges against Mashinsky and the bankrupt crypto exchange. The FTC also announced a $4.7 billion settlement against the exchange, which will not be paid until creditors and investors have been repaid in bankruptcy proceedings.
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Jul 13, 2023 16:08
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Zero One posted:https://www.cnbc.com/2023/07/13/former-celsius-ceo-arrested-company-agrees-to-pay-4point7-billion-settlement.html HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH Now THIS is GREAT for BITCON
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Jul 13, 2023 16:10
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Porfiriato posted:https://twitter.com/DMTCapital/status/1679381374355243008 The previous very popular way they were parking money outside of China was to buy up property in Vancouver. This was a problem because they weren't occupying or even renting the property, so you'd have neighborhoods of multimillion dollar houses (that were previously not that expensive) that were just decrepit and falling apart, because they were owned by an overseas investor who just wanted the high value land. So this is a strict improvement over that situation, at least.
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Jul 13, 2023 16:39
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Not just Vancouver. Australia and New Zealand also has had this phenomenon occur.
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Jul 13, 2023 16:52
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Didn't BC (Or Canada as a whole?) implement restrictions on foreign ownership of property specifically because of that?
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Jul 13, 2023 17:10
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Look at these dumb rubes and more rubes clapping for them: https://www.linkedin.com/feed/update/urn:li:activity:7085235542635761664 crypto maximalist posted:If you are promoting Central Bank Digital Currencies, aka #CBDC or #CBDCs, consider this historical fact pattern: Not that the hashtags are bad enough, but the replies are too. This is exactly in line with the post I had earlier about twitter with the whole "evil government!" rah rah!. They even manage to reference RFK, as if RFK is anything other than an extremely loud idiot by now. I have tons of emails about this and being scared about banks and how you're totally going to regret holding money in banks! Better get gold! etc.
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Jul 13, 2023 17:53
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notwithoutmyanus posted:Look at these dumb rubes and more rubes clapping for them: If these idiots think that the president who was so anti-communist that he decided to give the Bay of Pigs fiasco a shot and also nearly caused the end of the world with nuclear brinksmanship was actually going to pull out of Vietnam by 1965, they've got terminal boomer-brain and can be safely ignored.
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Jul 13, 2023 18:14
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As the documentary Red Dwarf showed, the future should JFK had not died that day was so terrible that JFK himself travelled back in time to be the second sniper on the grassy knoll.
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Jul 13, 2023 18:19
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And I guess after all this, market pumps on: https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html "Ripple not a security" is how it's being covered in the news.
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Jul 13, 2023 20:29
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notwithoutmyanus posted:And I guess after all this, market pumps on: the meat is on pages 22 and 23 and it is a pants on head bizzare ruling that finds XRP was an unlawful security offering when sold to institutional investors but was not an unlawful security offering when sold to the general public via anonymous cryptocurrency exchanges. The judge's reasoning seems to be that the third prong of the howey test, "expectation of profit from the effort of others" wasn't met in that circumstance because crypto buyers are too unsophisticated to understand that Ripple's marketing and hype would be the key factor driving the price of magic beans. Which is astounding since "rubes are too stupid to understand how any of this poo poo works" is the underlying motivation behind all security regulation The appeals on this one are gonna be fuckin lit
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Jul 13, 2023 20:51
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Ugh, my xrp investing boss is going to be insufferable tomorrow.
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Jul 13, 2023 23:15
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Collateral Damage posted:Didn't BC (Or Canada as a whole?) implement restrictions on foreign ownership of property specifically because of that? Not so much restrictions as they just dumped a bunch of taxes on properties that were not actively being lived in. Suspiciously, even that was only implemented grudgingly after it was revealed that people in the higher ranks of Canadian government owned a lot of the properties being bought with foreign money at huge markups. 
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Jul 13, 2023 23:32
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Lol jfk wasn't pulling out of Vietnam in 1965 lollllll wtf man.
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Jul 13, 2023 23:39
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shame on an IGA posted:the meat is on pages 22 and 23 and it is a pants on head bizzare ruling that finds XRP was an unlawful security offering when sold to institutional investors but was not an unlawful security offering when sold to the general public via anonymous cryptocurrency exchanges. the court posted:Having considered the economic reality of the Programmatic Sales, the Court concludes that the undisputed record does not establish the third Howey prong. Whereas the Institutional Buyers reasonably expected that Ripple would use the capital it received from its sales to improve the XRP ecosystem and thereby increase the price of XRP, see Kik, 492 F. Supp. 3d at 180; cf. supra § II.B.1, Programmatic Buyers could not reasonably expect the same. Indeed, Ripple’s Programmatic Sales were blind bid/ask transactions, and Programmatic Buyers could not have known if their payments of money went to Ripple, or any other seller of XRP This seems like a weird take. Only the initial offering of a security is a security? At some point later, it turns into something else. Though, the court doesnt actually say secondary sales are not securities - just that they are not investment contracts (which is what the howey test is for). No one buys shares of Apple because they think the money is going to Apple. They buy it because they think it is going to increase in value. (and yes, I realize shares of apple are not an investment contract)
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Jul 14, 2023 00:00
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Neito posted:TBF Sears died because they got bought by a corporate raider who's been intentionally destroying the company from his gated island compound in Florida. destroying the company while running the sears atlas shrugged hunger games
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Jul 14, 2023 01:17
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BUG JUG posted:Lol jfk wasn't pulling out of Vietnam in 1965 lollllll wtf man. "JFK" and "pulling out" do not belong in the same sentence.
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Jul 14, 2023 01:34
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https://twitter.com/FoldableHuman/status/1677202901046026240?s=20
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Jul 14, 2023 02:18
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Yes
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Jul 14, 2023 03:05
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These guys are one step away from divination using chicken entrails. https://twitter.com/kaismaalej/status/1676330585202016257 quote:Since the bankruptcy filing, investors have spent almost $200 million trading “theoretically worthless” shares, the Financial Times reports. lol
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Jul 14, 2023 03:18
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Impossibly Perfect Sphere posted:These guys are one step away from divination using chicken entrails. So based on the XRP ruling, does this mean that BBBY *isn't* a security because people are that stupid?
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Jul 14, 2023 03:29
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Dead stocks find new life as a legal alternative pseudocurrency that people are hoping to manipulate, a shockingly good fit for the butt thread
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Jul 14, 2023 03:34
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https://twitter.com/nickong1205/status/1679600707274416128/photo/1 lol
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Jul 14, 2023 03:34
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notwithoutmyanus posted:So based on the XRP ruling, does this mean that BBBY *isn't* a security because people are that stupid? Well it's pretty close to "not a security", anyhow
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Jul 14, 2023 03:34
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Well, everyone knows that Amazon is a better company than BBBY. What this post presupposes is... maybe it's not.Some BBBY ape posted:
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Jul 14, 2023 03:37
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That mention of the laugh had me curious. https://www.reddit.com/r/BBBY/comments/12ltmov/this_is_the_same_body_language_and_laugh_my_wife/  you can tell she was lying LOOK AT THE VEINS
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Jul 14, 2023 03:49
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Jul 14, 2023 03:57
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Looking forward to the inevitable SDNY/EDNY indictments for securities fraud when it turns out there's a bunch of wash trading/pump and dumps by Stratton Oakmont-like boiler rooms in bankrupt penny  . Jordan Belfort must be proud! *sheds tear*
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Jul 14, 2023 04:03
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Has that guys wife left him yet?
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Jul 14, 2023 13:47
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U-Copy made a truly deranged post yesterday (here if you want to see it) where you can see the full timecube nonsense in that screenshot. I had just heard of that user the other day when someone was singing their praises, saying that without them, that person never would have invested. At least a lot of people in the thread are calling bullshit but, like, not enough.
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Jul 14, 2023 14:07
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The Pirate Captain posted:U-Copy made a truly deranged post yesterday (here if you want to see it) where you can see the full timecube nonsense in that screenshot. I had just heard of that user the other day when someone was singing their praises, saying that without them, that person never would have invested. At least a lot of people in the thread are calling bullshit but, like, not enough. holy poo poo LOL  we could practically have these kinds graphs in medical books on when to start prescribing anti-psychotics
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Jul 14, 2023 14:16
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oh hey it's ghosttitty's alt
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Jul 14, 2023 14:38
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Mercury_Storm posted:holy poo poo LOL never not relevant 
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Jul 14, 2023 14:54
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Crust First posted:never not relevant LOLOLOL
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Jul 14, 2023 14:56
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Mercury_Storm posted:holy poo poo LOL you know this all sounded pretty far-fetched before i saw this chart... but now...
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Jul 14, 2023 14:59
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the committee in the blockfi bankruptcy just filed its investigative report: https://restructuring.ra.kroll.com/blockfi/Home-DownloadPDF?id1=MTYxMTU4MA==&id2=-1 it is, uh, somewhat long so it may make sense to wait for the summaries of the good stuff
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Jul 14, 2023 16:04
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Guy I know is spreading the gospel of ripple on the back of this court ruling, apparently this is the start of the financial revolution with this shitcoin as the borderless digital currency of the world. Over 200 banks already on board, trillions invested!!1! Friend of his in the comments bitching about losing tons of money on Crypto and that she just wants to get out without losing much more but needs btc and eth to spike, try to guess what his solution is?
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Jul 14, 2023 16:04
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The Pirate Captain posted:U-Copy made a truly deranged post yesterday (here if you want to see it) where you can see the full timecube nonsense in that screenshot. I had just heard of that user the other day when someone was singing their praises, saying that without them, that person never would have invested. At least a lot of people in the thread are calling bullshit but, like, not enough. So they're into Gematria now... Definitely sound stock market analysis. Totally a sign you've bet on the right horse when the DD involves this poo poo. Edit: Oh and even though there were a lot of skeptics in that thread, they're all singing his praises now that it's up $0.02 today. HappyHippo fucked around with this message at 16:22 on Jul 14, 2023 |
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Jul 14, 2023 16:13
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quote:On November 2, 2022, CoinDesk published its now infamous report revealing that, of Alameda’s $14.6 billion in reported assets (Q2 2022), $5.8 billion was comprised of FTT. As Mr. Renzi stated in his “First Day” Declaration, this disclosure pushed Alameda/FTX into a “death spiral.” Public confidence in both companies, and in FTT, immediately collapsed. Within nine days, Alameda and FTX were in bankruptcy, prompting widespread allegations of fraud. help me out guys, is it bad if you lent hundreds of millions of dollars against a balance sheet that the public took one look at and ran screaming from
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Jul 14, 2023 16:13
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