BACKGROUND Tether launched in 2014, and quickly became the world's largest stablecoin, with a current market value of almost $70 billion. In order to assure buyers that Tether is Legitimate, Tether claimed it had cash reserves equal in value to the stablecoins it issued. That means that 1 Tether Has 1 U.S Dollar backing it. The US government found that wasn’t at...
*rising rates environment annihilates Michael Saylor's 2nd .com type major fail. Bet the whole house against #kingdollar??? See ya. What a #storytelling CEWEO like Adam Newman. Gross.
People defending Elon Skum, this shameless charlatan carnival barking pathological liar. As always, they ignore the evidence and their "points" are about how I smell like pee-pee, how we that criticize the biggest scammer of the century hate him because we are jealous, got rejected by the opposite gender etc. I am serious when I say he is the crook of the...
Introduction Financial Twitter is buzzing about an article on the "Crypto Anonymous" blog which alleges that Bitcoin's recent 4x price increase is part of an "exit scam" by the folks at Tether, Ltd. (An "exit scam" is when a company that knows it's about to go bust quickly extracts as much money from its customers as it can.) Here's a link to the Crypto...
Civic is a relatively unknown coin that quietly outperformed most of the other coins in the crypto market right now. (2200%+ returns as of this year!) What does it do and why is it poised to grow for the long-term?
In an unprecedented move, today a large number of brokers has committed what many consider to be blatant and transparent market manipulation and defrauding of their own clients. The list includes Robinhood, Interactive Brokers (IBKR), Merrill Lynch, Webull, Tastyworks, Trading 212, and ETrade among others. They did so by going through with a coordinated effort...
TARGETING LIQUIDITY AT $28,000 8HR ORDERBLOCK ENTRY?
Modern Meat (CSE:MEAT) is the poster child for everything that is wrong with the Canadian capital markets and the complete lack of oversight by regulators. Check IPO SEDAR filings, check insider names and find that most of them, including the CEO Tara Haddad, were named in the still ongoing Bridgemark investigation by BCSC. For those who are not aware, this is the...
I rolled the dice on a far out-of-the-money July 31 Tesla put this afternoon after Elon Musk tweeted at the SEC to suck his cock. If I'm wrong, it's no big deal to lose $60. If I'm right, maybe I'll make a quick c-note when news of an accounting fraud investigation breaks. Possibly relevant: www.valuewalk.com twitter.com Tesla is also under investigation by...
If you've been following the Wirecard story today, you've heard the big news: 1.9 billion Euros that were supposedly in a trust have gone "missing," and the trustee in charge of it has been suspended. Here's what's getting a lot less play: activist short sellers have been warning about Wirecard's fraudulent accounting practices for *years*. The money likely isn't...
If we can get 40 million new job losses next month or 2 million virus infections we should be on track to 3300!
Quoting: "The Chinese coffee chain has now suspended its chief operating officer Jian Liu and staff reporting to him. It comes after the company appointed a special committee to investigate issues in its financial statements for 2019. Luckin, which competes with Starbucks, had been one of China's few successful US stock market listings last year. The...
Breaking today, Lukin's COO (Jian Liu) said to have fabricated sales in a massive overstatement of 2019 revs. But by how much? Previously stated sales in 2019 were 2.9 billion yuan ($413 million). Overstated 2019 sales by about 2.2 billion yuan ($310 million). So essentially... -75.86 % of their revenue was overstated! Incredibly surprising... but this goes...