https://www.reddit.com/r/Superstonk/s/9Mrw1OnwkS

https://www.reddit.com/r/Superstonk/s/6UCtww93UB

https://www.reddit.com/r/Superstonk/s/0riinDTG2l

https://www.reddit.com/r/Superstonk/s/UAtkfWwG1d

https://www.reddit.com/r/Superstonk/s/ZwBH9KL425

https://www.reddit.com/r/Superstonk/s/BizpwMAzvb

https://www.reddit.com/r/Superstonk/s/cgg6iKqXsi

https://www.reddit.com/r/Superstonk/s/ueWSGIFTdm

https://www.reddit.com/r/Superstonk/s/7E17M2dfPY

https://www.reddit.com/r/Superstonk/s/1MRCid7h7v

https://www.reddit.com/r/Superstonk/s/qRaAcvbGN8

https://www.reddit.com/r/Superstonk/s/mDwUgyTwwj

https://www.reddit.com/r/Superstonk/s/MomNsGbfsC

=========== End of Message

Now, this is something I personally want to add: this what happened to him it's the last of many shitty things that happened during this saga. When the time comes, remember all these events, how people got abused and harrassed - and make them pay the RIGHT price (which is a cell and all they own and more). Because I will. Oh, if I will...

💎🤲🏻

This one's been around in other media, tallest building in Ft Worth just sold for 10% at a foreclosure auction.

This on top of the pressure from work from home and GME investors not budging.

!

Looks like an interesting day ahead.

I'm drinking lots of water.

Edit: I ffnd myself in agreement with speculation that this might be a dangerous and expensive (desperate?) rug pull to buck more investors off their back. Likely will just demonstrate how disconnected they are and might run away from them.

I get an error and need to reload nearly every time.

https://sitereport.netcraft.com/?url=http://lemmy.whynotdrs.org

I wonder if cloudflare has any connections with shf's.

Second time around, they're hoping we'll miss this one.

Link...https://old.reddit.com/r/Superstonk/comments/1ciqum4/simians_smash_sec_rule_proposal_to_reduce_margin/

From post, full post has long template... "Well done fellow Simians! 👏 Thanks to OVER 2500+ of you beautiful apes, the SEC has decided the OCC Proposal to Reduce Margin Requirements To Prevent A Cascade of Clearing Member Failures is dog shit wrapped in cat shit. We need to kick this while it's down so it's out of the game.

... the Commission is providing notice of the grounds for disapproval under consideration.

[SR-OCC-2024-001 34-100009 (pg 4); Federal Register]

​

Notice of the grounds for DISAPPROVAL

The phrase "notice of the grounds for DISAPPROVAL" is formal speak for "here are the reasons why this is bullshit". HOWEVER, the rule proposal isn't dead yet. Part of the bureaucratic process is this notification of why it should be disapproved followed by a comment period where the rule proposer and supporters (e.g., OCC, Wall St, and Kenny's friends) can comment and try to push this through by convincing the SEC otherwise.

Apes can also comment on the rule proposal IN SUPPORT OF THE SEC and the grounds for disapproval. It's time to kick this to the curb.

SEC's Reasons This Proposal Is BS..."

So far today the CEO of HSBC has suddenly resigned… https://archive.ph/SgxD2

archive.today webpage capture Saved from https://www.bbc.com/news/articles/czkvnd4g44ro no other snapshots from this url 30 Apr 2024 13:31:34 UTC

HSBC chief executive unexpectedly steps down 7 hours ago

João da Silva, Business reporter

Noel Quinn has led the banking giant for nearly five years.

HSBC’s group chief executive Noel Quinn is unexpectedly retiring after nearly five years in the role.

Europe’s largest bank says it is in the process of finding a successor for 62-year-old Mr Quinn, who will stay in the role until a new chief executive is named. HSBC is considering candidates from both inside and outside the firm.

It comes as the UK-based lender reported a 1.8% drop in profit for the first three months of 2024, compared to the same time last year. The company said that its pre-tax profit for the period came in at $12.7bn (£10bn), which was a little better than expected by market analysts. "After an intense five years, it is now the right time for me to get a better balance between my personal and business life,” Mr Quinn said.

Mr Quinn, who has worked at HSBC for 37 years, was first appointed as its chief executive on an interim basis in 2019, after his predecessor John Flint was ousted from the role. In March 2020, he took the reins of HSBC on a permanent basis. “[Mr Quinn] has driven both our transformation strategy and created a simpler, more focused business that delivers higher returns,” HSBC’s chairman Mark Tucker said. Along with its quarterly results, the bank announced an interim payout to investors of $0.10 per share and said it would buy back up to $3bn of its shares.

HSBC recently completed the sale of its operations in Canada and announced plans to do the same with its business in Argentina. The sales are part of efforts by the London-based bank to focus more on faster-growing markets in Asia.

Shanti Kelemen, chief investment office at M&G Wealth, told the BBC’s Today programme that it “has probably been a very intense five years” and that Mr Quinn “has had a very long career”.

She said that Mr Quinn had changed the shape of the bank during his time at the top, by such actions as selling HSBC’s Argentina business, leaving Canada, and stepping up Asia operations. “What he’s done will probably reverberate and determine the path of their success for certainly several years to come,” she added. UK banking International Business HSBC

"The Pennsylvania Department of Banking and Securities closed Republic First Bank (operating as Republic Bank), with the FDIC appointed as receiver.

Fulton Bank has agreed to assume nearly all deposits and purchase almost all assets of Republic Bank. Republic Bank's 32 branches across New Jersey, Pennsylvania, and New York will reopen as Fulton Bank branches, and customers can access their funds through checks, ATMs, or debit cards. Existing checks and loan payments will continue to be processed as usual.

Depositors of Republic Bank will automatically become depositors of Fulton Bank, maintaining their existing deposit insurance coverage without needing to change their banking relationships.

As of January 31, 2024, Republic Bank had about $6 billion in assets and $4 billion in deposits. The estimated cost of this bank failure to the FDIC’s Deposit Insurance Fund is $667 million, with the acquisition by Fulton Bank being the least costly resolution compared to other options.

Posted on Supa...

TLDRS "The Pennsylvania Department of Banking and Securities closed Republic First Bank (operating as Republic Bank), with the FDIC appointed as receiver. Fulton Bank has agreed to assume nearly all deposits and purchase almost all assets of Republic Bank. Republic Bank's 32 branches across New Jersey, Pennsylvania, and New York will reopen as Fulton Bank branches, and customers can access their funds through checks, ATMs, or debit cards. Existing checks and loan payments will continue to be processed as usual. Depositors of Republic Bank will automatically become depositors of Fulton Bank, maintaining their existing deposit insurance coverage without needing to change their banking relationships. As of January 31, 2024, Republic Bank had about $6 billion in assets and $4 billion in deposits. The estimated cost of this bank failure to the FDIC’s Deposit Insurance Fund is $667 million, with the acquisition by Fulton Bank being the least costly resolution compared to other options."

" A steep price cut on a San Francisco building marks one of the starkest recent indicators of the city’s struggling office market. An empty 16-story building at 995 Market St. just sold for $6.5 million, a nearly 90% plunge from its 2016 price of $62 million.

The mid-Market tower at the corner of Sixth Street once housed Burning Man’s headquarters, as well as a large WeWork space. But once the co-working firm departed, the building failed to fill the gap and hasn’t been generating revenue for some time.

The site’s previous owner, Bridgeton, stopped making monthly payments on the tower last year and defaulted on its loan in December. The public auction sale, which the San Francisco Business Times first reported on, marks a stunning discount for the buyer, LNR Partners, an affiliate of Florida-based investor Starwood Property Trust. LNR had also been appointed to oversee the distressed loan.

The price drop reflects the site’s transition from a leased-out hub during during a boom-time for tech, to a space that’s sat empty while remote work has ravaged San Francisco offices overall.

“Office markets are going through what some are calling ‘The Great Reset,’” Derek Daniels, regional director of research at Colliers, told SFGATE. The market of today isn’t the market of 2016, and sales like this reflect a necessary adjustment. Buildings changing hands and resetting their values will also affect rents and lease rates across the market, he said.

“Any transactions happening right now, particularly in the mid-Market area, are a generally positive sign for San Francisco offices,” he added"

Dismal just posted this on Super stonk... "On April 30, 2024 DTC will implement changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor.

The increase in the haircut for corporate bonds rated B1 to B3 from 50% to 70% significantly decreases the value of these bonds as collateral.

The assignment of a 100% haircut to ETFs and investment vehicles that include cryptocurrencies as an underlying asset renders these investments valueless for collateral purposes.

This reduction may lead to margin calls for participants using these instruments to secure short positions against GameStop."

OG file... https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf

Dismal's writeup with charts... https://dismal-jellyfish.com/significant-changes-to-dtc-collateral-values-announced/

No reason to go to the link unless you're in IT in some way, but someone mentioned in that convo that AI companies are floating loans for 100's of millions to build data centers...no problrm right? Is that the theme from Jaws?

But thats not all; they're using the processor chips as collateral! Think how fast those lose value, add in a looming CRE/CMBS disaster we've mentioned many times, then consider that if they miss a payment the note-holder will have what recourse? Some outdated Nvidia graphics cards to repo.

It's like they're purposely setting out to nuke the future economy.

Perhaps to fuck long holders over? And retirees? And set them at each other?

The only answer I can summon is that the powers think that the economy will end soon and are grabbing everything they can in a panic.

OP is here...https://lemmy.world/post/13598257?scrollToComments=false

"Money is flowing out of the London equities at a faster pace than ever, despite government efforts to boost the stock market.

According to Investment Association recent figures UK savers took £14 billion out of UK equities last year, the eighth consecutive year of outflows.

New research by SCM Direct for the Evening Standard suggests this situation is getting worse rather than better despite some experts insisting London shares are now so cheap they represent a buying opportunity.

SCM looked at money flowing through Exchange Traded Funds, an increasingly popular tool for both small investors and large institutions.

Of 17 European countries, only four – Austria, Norway, Germany, Holland – have seen greater percentage outflows of money this year. The largest UK equity ETF is the iShares Core FTSE 100 ETF which has a massive £14.8 Bn invested in it – this compares with the largest US Equities ETF worldwide, the SPDR S&P 500 ETF that holds $507 Bn in assets.

Alan Miller of SCM Direct said: “Europe as a whole has seen money coming in not out. This is part of the reason for the abysmal showing of the UK market this year – the FTSE 100 is up just 0.2% vs +10.6% for the Euro Stoxx 50.”

Miller adds: “There are some underlying fundamental reasons for the poor performance of UK equities, the over-representation in the ‘old’ economy i rather than tech, together with the ongoing uncertainties surrounding Brexit and its economic implications. Political instability, including changes in leadership and policy direction, has also contributed to a lack of confidence in UK equities. But this simply does not account for the gulf in performance and valuations between the UK and its peers.”

One problem is that pension funds have just 4% of their assets in UK shares compared to 50% in 1990.

This compares with Australia & Canada, both small markets, being 22% and 9% respectively of their pension funds. In fact, the pension fund that invests on behalf of Britain’s MPs and ministers, has just 1.7% invested in UK-listed companies."

"Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022."

FOURTH QUARTER OVERVIEW

Net sales were $1.794 billion for the fourth quarter, compared to $2.226 billion in the prior year's fourth quarter.

Selling, general and administrative (“SG&A”) expenses were $359.2 million, or 20.0% of net sales, for the fourth quarter, compared to $453.4 million, or 20.4% of net sales, in the prior year's fourth quarter.

Net income was $63.1 million for the fourth quarter, compared to net income of $48.2 million for the prior year’s fourth quarter.

Cash, cash equivalents and marketable securities were $1.199 billion at the close of the quarter.

Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government's response to COVID-19.

FULL YEAR OVERVIEW

Net sales were $5.273 billion for fiscal year 2023, compared to $5.927 billion for fiscal year 2022.

SG&A expenses were $1.324 billion, or 25.1% of net sales, for fiscal year 2023, compared to $1.681 billion, or 28.4% of net sales, for fiscal year 2022.

Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022.

Adjusted EBITDA of $64.7 million for fiscal year 2023, compared to adjusted EBITDA of ($192.7) million for fiscal year 2022.

The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-K.___

I am not an insider and have no secret info.

That said, with the wind behind me going downhill, I have, in the past, been able to add 2 and 2, not going to reveal the answer I came up with, do your own calculating.

Earnings is coming up in a week or so. For poor people, a question might be: Should one risk savings to buy further in?

For those who don't even read Reddit or social meeja, note that it's been reported that GameStop revised their logo on Facebook recently. The red Stop part is now white, and the background is now black.

I have no idea what is actually going to be reported, yet it is a particularly interesting change of logo colors to be made at this time, and could possibly be construed as a metaphorical indication by someone who is regarded.

As always, one indicator of whether I've hit a nerve with my scattershot clumsiness is the presence of down votes to try to lower the post's position and hide it.

Fortunately I'm beneath having an ego attachment to my posts, so down votes merely serve as an indication and mean nothing more. It's an easy way to test for veracity and being on-point.

From a superstonk thread explains short volume, seems credible...

"to clarify: the dark pools did not collapse. DIX printed a 41.8% because retail got rug pulled.A high/big DIX value is usually consistent with future price appreciation, and a low/small DIX value is typically a bearish indication, though repeated data prints to indicate trend are going to be more reliable than a single print, just from a data perspective.

The low print from Friday is just a confirmation that the selloff was mostly absorbed by retail. A large reason for why Friday dumped at all was because of the unstable options activity on NVDA: lots of call options got sold-to-close, a bunch of put options got purchased-to-open, and a bunch of OTM call options got sold-to-open. In aggregate, this created more selling pressure than there was demand to purchase shares of the underlying (NVDA, SPY, etc.) and so the market dumped in dramatic fashion.

GME has a DIX too, it's usually very large (heh. nice.), and you can see it for yourselves by looking up the short volume off exchange (a public source of this data is at https://chartexchange.com/symbol/nyse-gme/short-volume/ )

But there's a few problems with these data:

most of the posts about GME short volume that I see on this and other subs are written in a rage-baity way that completely misunderstands what these numbers even mean. High short volume off-exchange is a signal that institutions are buying shares of the underlying, so if you're a GME bull, you actually want to see big DIX / high short volume off exchange. Most people I've seen get mad at this because they don't know wtf they're talking about. CBOE put their short volume data behind a hefty paywall many months ago, and instead of reporting every day, they report at the end of the month. This makes it more difficult to use DIX on individual equities to try to determine market behavior. Fractional shares, for some reason, get reported as whole shares when it comes to reporting volume. All of these things dramatically muddies up the waters for trying to get a clear signal for what the market is doing"

It looks like the next SHF move will be to try to infiltrate and adulterate the board as a last-ditch end-run.

In my understanding, Book and Plan shareholders can vote when the time comes.

From comments I've read, Overstock did not have a lot of DRSed shares. Remember all the shilling against DRSing 82.5 years ago; they were...hedging. And setting up for this move.

We beat them by DRSing our shares.

"TLDRS

GameStop Rejects Shareholder Claims, Debunks Heat Lamp, and Fully Supports 'Plan' For Shareholders.

GameStop states these allegations by the Proponent are speculative and lack factual evidence, misleading shareholders about the integrity of the Company and its DirectStock Plan.

GameStop goes on to say the connection between the DirectStock Plan's recurring purchases and the alleged market manipulations is not substantiated, casting doubt on the relevance of these claims to the shareholder vote.

GameStop and Computershare assert that recurring purchases are intended for market transparency, not for facilitating any illegal activities."

Edited for clarity that it's Dismal's work. I obviously don't know how to use Lemmy's quote feature.

EDIT2, Dismal has more about himself and his work here...https://dismal-jellyfish.com/who-what-where-why-when-of-dismal-jellyfish-com/

"There is no wrong way to hold GameStop. PERIOD. FULL STOP.

Even holding a SHORT position (not illegal naked shorts) should be celebrated--that is a FUTURE buyer of the stock on the run up to being launched to Uranus. If you hold GameStop, or are new and interested in learning more we are good--we have enough in common to build on a foundation of respect and learn together.

Everything else is just window dressing at the end of the day--some look and are better quality than others (DRS vs buying and holding with a broker), but unless and until the current system burns to the ground and is rebuilt with smart contracts, holding GameStop anywhere is all it takes to be on this 'team'."

Und so weiter...

Not cereus, Sat morning fun...offerng the Peruvian Bull some alfalfa.

Why is the US government fighting a company that wants to enter the radio room of the Titanic wreck? https://www.maritime-executive.com/article/titanic-imaging-expedition-set-for-may-despite-u-s-government-opposition

"At the center of the objections by the U.S. is the company’s plan to use the expedition to access the Marconi room of the ship that played a crucial role as the vessel sank. The room contains the wireless telegraph equipment that sent possibly the first-ever SOS Morse code message. Not only detected by nearby vessels. the signal was relayed to the United States providing the first news of the tragedy."

Foil crinkling... 3 of the 4 richest men in the country, at that time, all opposed the federal reserve founded in 1913 - all died on the Titanic in 1912...John Astor, Benjamin Guggenheim and George Wick

One theory is that it was actually the Britannic, which had been damaged at the dock and which they sank for insurance, knowing that it would break apart eventually.

Would there be an identification plate or log in the radio room that shows it being the Britannic, left there because no passenger would likely see it?

Didn't someone we know tweet a line from a certain movie about a ship disaster?

After being unable to see SHFs legal failures, SEC bravely picks in a failing e-truck company that one of its friends probably lost money on...dig the reprehensible irony of that last line...

"We allege that, in a highly competitive race to deliver the first mass-produced electric pickup truck to the US market, Lordstown oversold true demand for the Endurance," said Mark Cave, associate director of the SEC's Enforcement division. "Exaggerations that misrepresent a public company's competitive advantages distort the capital markets and foil investors' ability to make informed decisions about where to put their money."

Reading into the telenovela familia on odd subs, there are supposedly two plans for bbbyq going forward, one which could happen at any time, except now apparently. And one involving DOJ and possibly wrapping at the end of the year.

Selfie showing ghostly-exhausted RC with the builder concerning. I have sometimes felt impatient but imagine him struggling like a man tied up under a bridge while people up on the deck are parrying and talking nonsense, unmindful of his strenuous effort.

Cifu the combative turns querulous as looming things enlarge and throw shadow. Perhaps canary moment?

I think we are at the question if when the perfect becones the enemy of shareholder delight. But my dog is small and may not make it either way.