You're so biggy mad 🤣🤣🤣🤣🤣🤣

https://twitter.com/ILoveMyCops/status/2071312840363823497

@ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @BCPublicWatch @villainy_scum @Hevel11

@ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @BCPublicWatch @villainy_scum @Hevel11 @threadreaderapp unroll

On this day in 1947, Activist & member of the Black Panther Party Mark Clark was born.

He was assassinated together with Fred Hampton by Chicago police & FBI, both at 21 years Old.

William O'Neal, an FBI informant, infiltrated the Panthers & set up them up for $300

A THREAD

In Illinois, where Fred Hampton was born, Black communities faced relentless police harassment and systemic barriers to essential services like housing and education in predominantly Black areas.

The Black Panther party, a creation of Huey Newton and fellow student Bobby Seale, insisted on black nationalist response to racial discrimination. The party’s Illinois chapter was opened in 1967 and Hampton joined in 1968, aged just 20.

LMFAO 🤣🤣🤣🤣🤣🥰👍👍👇👇

@SurreyRCMP @surreyps @LangleyRCMP @ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @villainy_scum @Hevel11

@SurreyRCMP @surreyps @LangleyRCMP @ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @villainy_scum @Hevel11 @threadreaderapp unroll @xdownloaderbot

Open letter of ex-President Mahmoud Ahmadinejad to Qasem Soleimani in 2019: You are on the side of the oppressors against justice and freedom‼️
🧵

"In the name of God, the Most Compassionate, the Most Merciful.
Major General Haj Qassem Soleimani
Commander of the Quds Force
Peace be upon you,
It is said that, in the case of the arrest of Mr. Jahangiri's brother—the First Vice President and one of the principal shareholders of Tourism Bank—you intervened and, by recommending leniency to the relevant authorities, secured his release.
At the same time, based on the false accusation that you had delivered sums of money to Mr. Baqaei, a great injustice was committed against this faithful, upright, devoted, and revolutionary brother.
Unfortunately, Your Excellency quite openly refrained from giving testimony on this matter and ignored numerous letters and repeated requests.
As a result of this failure, an innocent man received some of the harshest unjust punishments and has now spent months in solitary confinement, held under the supervision of doctors.
I do not know what else must happen before some people awaken and return to the path of divine values: safeguarding freedom, administering justice, defending the oppressed, and confronting oppression.
I pray to Almighty God for the removal of injustice and for the establishment of justice, dignity, and freedom.
Servant of the Iranian nation,
Mahmoud Ahmadinejad"
(‘Ahmadinejad’s New Letter to Haajj Qasem / From Mediating for Jahangiri’s Brother's Release to the Injustice Against Baqaei / Is the Former President's Attack on the Quds Force Commander a Coincidence?’, Jahan News, January 14, 2019)
archive.ph/j32ei

This part is the main relevant section:
"Unfortunately, Your Excellency quite openly refrained from giving testimony on this matter and ignored numerous letters and repeated requests. (...). I do not know what else must happen before some people awaken and return to the path of divine values: safeguarding freedom, administering justice, defending the oppressed, and confronting oppression."

Early Insights into Trump protests - A November 2015 Anti Trump protest was hosted by a pro Hamas org in solidarity with communist Ukrainian Antifa.

Isn’t this an interesting combination? 🤔👇🏻 It appears the earliest protests were communist and pro Hamas. I once tracked the first post Trump election protest and it was communist too.

➡️Hosted by Pal-Awda NY/NJ, in Solidarity with Donbass & Antifascists in Ukraine⬅️

🔹Protest Sponsor:

Solidarity with Donbass & Antifascists in Ukraine:

“People organizing in the U.S. in solidarity with the Donetsk and Lugansk People's Republics and the anti-fascist resistance in Ukraine”

Pal-Awda is the NY/NJbranch of Al-Awda. Al-Awda supported the October 7th invasion and is linked to Samidoun, a US-designated terrorist organization, and its officials have celebrated terrorist organizations such as Hamas, Palestinian Islamic Jihad (PIJ), and the Popular Front for the Liberation of Palestine (PFLP).

Al-Awda serves as fiscal sponsor for a BDS-promoting NGO, US Campaign for the Academic and Cultural Boycott of Israel (USACBI).

🔹 Solidarity with Donbass & Antifascists in Ukraine - Red Star News

“incorporating Red Star Over Donbass”

Comrades:
- Anti-Imperialist Front
- Borotba (Ukraine / Donbass)
- Communist Party of the Philippines
- FARC-EP Second Marquetalia (Colombia)
- Ghost Battalion (Donbass)
- No Pasarán Hamburg (Germany)
- Popular Front for the - Liberation of Palestine
- United Communist Party (Russia)

🔹Other notable protest participants:

- Party of Communists USA - NY
- Palestine Youth Movement
- Al-Awda USA: The Palestine Right to Return Coalition
- Al-Awda NY: The Palestine Right to Return Coalition
- Council on American Islamic Relations - CAIR NY
- Workers World Party
- Solidarity with Ukraine Antifascists Committee
- Tons more including a school bus union

🔹Facebook page for the event

m.facebook.com/events/7061565…

Keywords

DumpTrump
Nazi
Muslim Ban
Racism

*Additional info and links to follow.

Here’s the additional links for the Event and sponsors

🔹Page for the sponsor of the Facebook Event (linked from event page

Solidarity with Donbass & Antifascists in Ukraine:

m.facebook.com/UkraineAntifaS…

🔹Flickr Photo of event - has a nice text list of participants:

web.archive.org/web/2023032923…

Secondary archive of Flickr
archive.is/6IhBV

The website link on the Facebook page for Donbass & Antifascists in Ukraine is Red Star News. A Marxist/Communist website.

archive.is/5QAHu

Omfg I reeeeaaaaallllllyyyyyyyyy want this my male cops...... It's like a fantasy of me being young 😜😜😜😜😜😜

@SurreyRCMP @surreyps @LangleyRCMP @ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @villainy_scum @Hevel11

@SurreyRCMP @surreyps @LangleyRCMP @ChrisPentecos @Nncim15 @LangleyResident @BarbaraDoduk @RegretlessBee @Cdnwatcher @Istandtoreason @facepalmchris @trustednerd @felixcruggins @CultureGuard @WaxMyBallsShow @FranLa9 @kfurneaux23 @VernThurston @JonYaniv @villainy_scum @Hevel11 @threadreaderapp unroll @xdownloaderbot

Even the woke Irish government has managed to produce new passports that look like something from a Hyperborea edit

Meanwhile the UK passport is totally featureless and devoid of any national culture or symbolism

We must have one of the most anonymous passport designs on Earth

The Yookay is treated as a complete terra nullius.

Why is the State so reluctant to draw upon our culture and history?

"Official Britain" acts as if we have none.

I think this degree of erasure is second to none.

In fairness I have been reminded of what "designs" the British Government chose before they went for this featureless approach.

The @MythoYookay passport!

In July 1943, British intelligence recorded an SS Lance Corporal describing two separate mutinies by SS guards inside a concentration camp years before the Final Solution.

The guards even fired on each other & tried to free the prisoners...

'Follow' & Repost this thread:
(🧵)

The involvement of the SS and death squads in the annihilation of Jews has been well documented; but the M Room material has revealed something previously unknown. In early July 1943, secret listeners at Latimer House recorded a conversation between a British army officer (BAO) and a prisoner in the rank of lance corporal, codenamed M222, who had been captured in Tunisia.

M222 described two separate mutinies amongst SS guards in an unnamed concentration camp prior to 1937. Nothing like this has ever come to light before and, if true, requires a re-evaluation of previous knowledge about the SS and resistance to the atrocities. The two attempted mutinies occurred in the period before Hitler’s formulation of the Final Solution and before the concentration camps in Poland were constructed.

(continued)

Because of the importance of the conversation, it is quoted at length below. A British army officer asked M222:

BAO: What sort of people were these SS men? Had they been criminals or – ?

M222: No. They were people from outside, who happened to be in the SS; they had all volunteered as guards. I have sometimes spoken to some of them. They said they didn’t all get work immediately. Several were there for three or four days or a week and then went off again. Others felt really happy there ... In 1936, at Easter, or I believe it was 1937, some of the guards even fired on each other.

BAO: Why was that?

M222: We were told that this is what happened. There were three guard platoons with 100 men in each, making 300 in all. It was the turn of one platoon to be on guard every third day, the second had to go out with the working party, and the third was off duty. It was, so to speak, standing-by. It was resting. Round about midday shooting suddenly started: one platoon was trying to disarm the guards and let us out, but that wouldn’t have succeeded in any case.

(continued)

A child psychologist trick: how to detox an ADHD child’s brain after too much screen time

1. Don’t demand anything right after screens

No homework.
No chores.
No instructions.

The ADHD brain needs time to recalibrate.

👉 Immediate demands = instant overload.

2. Move the body before using words
Screens stimulate the brain but freeze the body.

After screens, offer:
• walking
• stretching
• jumping
• carrying something heavy

Movement safely drains excess dopamine.

1/ Russia's ongoing fuel crisis will soon lead to impacts far worse than queues at gas stations, warns a Russian warblogger. A logistical crisis is predicted, accompanied by shortages of raw materials and goods, along with soaring inflation. ⬇️

https://x.com/wartranslated/status/2071260051168276865

2/ Russia's huge size means that logistics drivers have to travel great distances between pickup and delivery points. With fuel increasingly being rationed, their ability to do this is being curtailed. 'Intelligence Diary' writes:

3/ "One of the less obvious consequences of the crisis: trucks are waiting in line at gas stations, getting 200 litres of fuel, which is enough for about 300-500 kilometers, depending on the road and the load. That's roughly six hours on average.

PART 1— Why FitEasy is our largest position 1/2

Ticker: $212A.T $212A #212A
Have you ever seen a company trading at roughly 11x EV/EBIT, growing earnings by around 60% YoY, expected to continue compounding at roughly 30% annually over the coming years, consistently beating guidance, operating in an underpenetrated market, while still being almost completely uncovered by analysts?

We have. It is currently the largest core position in our portfolio.
And despite the stock appreciating after the latest results and guidance increase, we continue to hold our full position and even added meaningfully before the latest earnings release. Here’s why.

Before we dive in, one quick announcement.
This will likely be the first and last time we publish one of our full investment deep dives here on X.
Going forward, we’re planning to publish our detailed research, complete valuation models, portfolio updates, new positions, channel checks and multi-thousand-word investment theses on our Substack. If you enjoy deep fundamental research on global small caps, compounders and special situations, we’d love to have you join us there.
👉 substack.com/@arboratorcapi…

We increased our position before earnings

A few weeks before the latest results we decided to significantly increase our position, cca 14 % of our portfolio on the cost basis.
This wasn’t because we expected a “good quarter.”It was because we believed the market was dramatically underestimating what management would have to do with guidance.
Unlike many companies, FitEasy publishes monthly membership data. That gives investors a real-time picture of demand.
By the end of May, the company had already reached roughly 274,000 members, while management’s full-year target was 300,000 members with approximately five months still remaining in the fiscal year.
In May alone, FitEasy added roughly 15,000 new members.
When we looked at those numbers, it became increasingly difficult to construct a realistic scenario in which management would not raise guidance. Even if monthly member additions slowed materially, the company would still likely exceed its original targets.
That was one of the main reasons we increased our position before earnings.
The company subsequently did exactly what we expected:
•raised guidance,
•increased dividend,
•increased payout ratio,
•raised profit expectations by more than revenue expectations.
In our opinion, that last point is actually the most important.
It supports what has been the core of our investment thesis from the very beginning:
FitEasy’s earnings should grow faster than revenue.

Yet the stock is actually cheaper today

One thing surprised us after the earnings release.
Although the stock initially reacted positively, the subsequent pullback means the company is now trading at an even lower multiple than before the guidance increase.
In other words:
the business became more valuable…
yet the valuation became cheaper.
We rarely see situations where:
•fundamentals improve,
•management raises guidance,
•dividend increases,
•earnings expectations increase,
while valuation simultaneously compresses.
That combination is exactly what attracts us as long-term investors.

PART 1— Why FitEasy is our largest position 2/2
 
Why we believe the market still misunderstands the company
Most investors currently view FitEasy as simply another gym operator. We think that’s the wrong framework.
In our opinion, FitEasy should increasingly be viewed as an asset-light franchise platform with multiple embedded growth engines rather than a traditional fitness chain.
Even more importantly, we believe the market is focusing on today’s reported margins instead of understanding how the revenue mix is likely to evolve over the next several years.
That distinction changes everything.
Today, lower-margin equipment and development revenue represents a significant portion of sales because the company is opening new locations at an extraordinary pace. Many investors therefore conclude that margins are unlikely to improve significantly.
We believe exactly the opposite.
As the installed franchise base grows, recurring franchise royalties should represent an increasingly larger share of revenue. Those revenues carry dramatically higher margins. That means operating profit should compound materially faster than revenue.
Interestingly, the latest guidance revision already points in exactly that direction.

We believe management continues to guide conservatively

One observation we’ve made over the past several years is that management appears consistently conservative when setting expectations.
This year wasn’t the first example.
Last year management also raised guidance during the fiscal year after originally setting fairly conservative expectations. The pattern repeated again. That doesn’t necessarily mean management intentionally underpromises.
It simply means the market may be relying too heavily on official guidance instead of independently modeling what the business could actually earn.
This is particularly important because FitEasy has very limited analyst coverage. Effectively, management guidance becomes market consensus.
If management starts from conservative assumptions, consensus starts from conservative assumptions as well. That creates opportunities.

Why this is our largest core holding

Our investment philosophy is fairly simple.
We look for businesses where:
•the underlying company compounds for many years,
•valuation remains attractive,
•and the market misunderstands one or more structural drivers.
FitEasy checks every box.
Today the company trades at roughly 11x EV/EBIT, despite growing substantially faster than most listed fitness companies globally.
Even more importantly, we believe several structural drivers have not yet begun contributing meaningfully to earnings.
Those drivers include:
•expanding franchise royalties,
•increasing monetization of existing members,
•AI-enabled services,
•higher-margin ancillary services,
•operating leverage,
•and a rapidly expanding ecosystem.
The market is mostly looking at today’s gym business.
We are trying to understand what this company could look like three to five years from now. That difference in perspective is why FitEasy remains our largest position.
In the next part we’ll explain why Japan may currently be one of the most attractive fitness markets globally, why penetration still remains dramatically below Western countries, and why we believe the industry’s runway is much longer than investors currently appreciate.

PART 2 — Why Japan? One of the most overlooked fitness markets in the world 1/2

One of the biggest reasons we invested in FitEasy has very little to do with FitEasy itself. It has everything to do with Japan.
When investors think about Japanese demographics, they usually think about an aging population, slow GDP growth and a shrinking workforce.
Ironically, many of those same trends create an extremely attractive environment for FitEasy.

The market is still dramatically underpenetrated

One statistic immediately caught our attention. Only a few years ago, gym penetration in Japan was roughly 3% of the population.
Today that figure has approximately doubled to around 6%, but it still remains dramatically below developed Western markets.
For comparison:
•United States: roughly 20%
•Western Europe: roughly 15–20%
•Japan: approximately 6%
Even after the recent acceleration, Japan remains one of the least penetrated developed fitness markets globally. That matters because FitEasy doesn’t need to take significant market share from competitors in order to grow.
The market itself is expanding rapidly.This is one of our favorite types of investments: A company operating in a market where the pie itself is getting much larger every year.

Why is Japan changing?

Historically, gyms simply weren’t part of everyday Japanese culture in the same way they are in North America.
That has changed dramatically over the last several years.Several structural trends are now moving in the same direction.
1. Health awareness
Japan has one of the oldest populations in the world. Maintaining mobility, strength and overall health is becoming increasingly important.
Fitness is gradually shifting from being viewed as a hobby to becoming part of preventive healthcare. That creates an enormous long-term tailwind.
2. Digitalization
Japan is rapidly adopting fully automated 24/7 gyms.
Many locations now operate with:
•facial recognition,
•automated access,
•cashless payments,
•minimal staffing.
This dramatically reduces labor costs while improving convenience. Members can visit literally any time of day.
That flexibility is particularly valuable in Japan, where working hours tend to be longer than in many Western countries.
3. Labor shortages
Japan faces one of the tightest labor markets globally. Businesses that require fewer employees gain an important structural advantage.
FitEasy’s operating model is designed exactly for that environment. Automation allows the company to scale without proportionally increasing operating costs. That is another reason we expect margins to continue expanding.
4. Changing lifestyle and sports preferences
Another important trend is the shift in how younger generations approach sports. Traditionally, activities like judo, karate or baseball were far more popular than commercial gyms.
Today, people increasingly prefer flexible 24/7 fitness clubs that fit around busy schedules without requiring coaches or fixed class times. We believe this cultural shift is another structural tailwind supporting the long-term growth of fitness memberships in Japan.

1/ President Alexander Lukashenko's unscheduled two-day meeting with Vladimir Putin is attracting interest and speculation from Russian commentators. Unusually, there has been no official comment about what was discussed, nor even a photo of the two leaders meeting. ⬇️

2/ Alexey Zhivov notes:

"No information about the meeting between the two presidents has been released to the press. Not a single comment or photo.

3/ "Obviously, the negotiations were urgent, went poorly, and the final decisions will be made after Lukashenko consults with Xi Jinping.

It's likely that China plays a much greater role in the Ukrainian conflict than it appears from the outside. What is that role?