Earth, Sol
Joined October 2023
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ATTN: @ThePPseedsShow
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When You’re the CEO of $NVDA & your recent scandal results in a $200+ Billion in overnight wealth destruction - Your decide to hit the studio afterwards!
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This is an amazing insight. And very interesting - Thank You @foxenflask !
I spoke to Fidelity again this morning regarding my $GME warrants, which I held into expiry, but this time about something different. Earlier this year, I took six figures in gains from selling the entirety of my 4-6 year old Nvidia and Tesla positions. I also wheel my entire portfolio of stocks, so I always have income that I owe taxes on. I had 10k GameStop warrants of which I bought 8k on the open market at around $2.25 average, so one of my strategies of letting them expire without action was to harvest the tax losses to offset my major capital gains this calendar year. So I asked Fidelity for the tax lot cause I couldn’t access it online as easily as other closed out positions, but they said these would not be registered as a loss until they received further notice on what to do with the instruments and they are officially closed out. Since box 4 wasn’t checked on the NYSE form 25, they are in limbo. Would love to harvest the losses before the end of the year so if they are done hopefully the company gives notice to brokers ASAP.
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Looks like there’s going to be generational buying opportunities on $NVDA in the near term.
The Democrats are not going to successfully impose an AI moratorium that dooms AI infrastructure into sustained more growth.
The mid term scare + a bit of scandal = Deep Value.
Nvidia CEO Jensen Huang's email to Nvidia employees:
To my colleagues at NVIDIA,
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it.
To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust.
To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.
Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. I do. Please give them privacy.
Jensen
Wally Buck retweeted
"If we don't hit 5-10% market share in US Residential in the next 5 years, we should all be pretty disappointed right?" - Kaz
$OPEN is a 1000$ company in the making.
Opendoor 2.0: The Singularity Scaler Nobody Is Pricing In
A road to a $1000 per share.
$OPEN is sitting at $4.42.
EBITDA profitable ahead of schedule. 5,000+ acquisition contracts in Q1 — best since 2022.
LTM free cash flow: +$519M. Was -$6.3B in 2021.
The market is still pricing it as a broken iBuyer.
It's becoming a housing OS.
Full breakdown 🧵
Wally Buck retweeted
LATEST
RYAN COHEN HAS FILED MOTION FOR SUMMARY JUDGEMENT IN THE 16B CASE FOR BBBYQ. THIS INCLUDES 6 SEALED AND CONFIDENTIAL DOCUMENTS.
COULD THIS BE THE JUDGEMENT DAY SIGNAL?
🚨 Ryan Cohen has filed his motion for summary judgment in the 16b case with 20230930-DK-Butterfly-1 which includes 6 sealed documents 👀
courtlistener.com/docket/690…
$BBBYQ 🧸🏴☠️
Wally Buck retweeted
Please like and repost this if you are human and want to see more posts from other real humans.
Wally Buck retweeted
My personal thoughts on GME warrants and what Ryan is doing.
The people calling the GME warrant dividend useless completely miss how these mechanics work. RC didn’t drop GMEW into the market just to do it. It was a specific chess move designed to mess with how Wall Street hedges risk. With the Oct 30 expiration next week, we’re finally at the end of this experiment and what that means for retail shareholders. Look at why they did it. Normally when GME raises cash through an ATM offering the media instantly spins it to kill momentum by saying Management is diluting again. It gives shorts an easy narrative to hide behind.
The warrant dividend flipped that. Giving 1 warrant for every 10 shares at a 32 strike put the capital timeline back in retail's hands. If the price stays under 32, zero dilution happens. But if volume picks up and pushes the stock past 32, those warrants get exercised. That means investors willingly choose to dump up to 1.9B in pure cash straight into the company treasury. No middleman banks, no underwriter fees, and the media can’t cry about predatory dilution because the share price would already be at multi-year highs. There’s also the bondholder angle. GME had to hand these out to convertible senior noteholders to cover anti dilution clauses. Institutions love using a delta hedging short strategy against convertible debt for risk free arbitrage. Shoving warrants directly into their hands satisfied the legal covenants without causing a messy scramble in the open market, keeping the float structurally stable during heavy volatility.
Right now GMEW is trading at a massive discount because we’re under 32, so it’s mostly just decaying time premium. But look at the two outcomes for next week If we stay under 32 and they expire worthless, the 59 million potential shares hanging over the capital structure just vanish. The overhang is wiped the float stays locked and the bear thesis about upcoming dilution completely dies.
But if the stock catches any real momentum over the next few days and creeps toward 32 market makers short these warrants are in a brutal spot. To stay delta neutral they’ll have to aggressively buy underlying common shares which could easily spark a mini short squeeze right before the deadline. Bottom line is Cohen built a setup where the company wins either way. GME either cleans its capital structure completely or locks in a massive war chest for acquisitions. I'm bullish I cant foresee the future or what will come of the warrants but its important that everyone does whatever they want with their money at the end of the day.
Pretty interesting - right @pulte ?
Making title insurance waiver permanent is a great step to making homeownership more affordable. Thank you!
Opendoor/Doma is the lowest-cost escrow provider for title waiver closings. We can take on every eligible mortgage refinancing transaction tomorrow.
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The CEO of $OPEN replying with gratitude to FHFA Director @Pulte’s post. In which he announces that mortgage loan processors must now automatically remove of PMI from eligible mortgaged properties when they hit equity thresholds.
Probably nothing.
Wally Buck retweeted
An older exchange from February 19, but this caught my eye 👀 Pulte asking about Opendoor’s mortgage product, and Kaz offering to give him a demo.
With housing affordability such a big issue, I’m glad to see this conversation happening. It doesn’t mean a partnership, but I’d love to know how that demo went! 😆🏡 $OPEN
