Share this page!

baufinanciaphaster 👹 Profile picture
Twitter logo
31 Dec 21, 4 tweets, 2 min read
Beirut on a Barge
Bone Année!
@ibrahim_maalouf
And that is ‘Bonne Année’ - spellcorrect had a dirty mind.
And Jack the Really Very Nice Brown Dog on a Barge. ImageImage
Jack is not participating in the New Year’s Marshmallow Roast On a Barge. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with baufinanciaphaster 👹

baufinanciaphaster 👹 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @bauhiniacapital

baufinanciaphaster 👹 Profile picture
2 Jan
This isn't a bad list. There are some pretty good ones in here. And the 3.9mm tomatoes made it into the replies.
What I never understood was why he wouldn't take the $500k and plant 500k tomatoes to start with rather than 50 tomatoes.

Then he'd have 25 million tomatoes in 6mos, and 1.25bn tomato plants in a year, then 3.125 trillion tomato plants a year later.

If he did this in the US, that would be enough to feed the US one tomato per person per hour.

Americans would be thinner, and would only have to pay $24/day for food.

Plant them for year and one could arrange for 80 tomatoes an hour per human, in perpetuity. Yay.
Read 4 tweets
baufinanciaphaster 👹 Profile picture
29 Dec 21
When first mooted, TSE market structure had changes had possibilities, but

a) potential changes were watered down
b) cos who cdn't clear low hurdles were given 3yrs to clear them with a "plan"
c) changes offer minimal structural improvement to attract more foreign participation.
Result: The move from 6 'venues'* with different listing rules* to 3 venues** (w/ diff listing rules) will basically mean nothing to the vast majority of investors.

*TSE1, TSE2, TSE Mothers, Tokyo Pro, JASDAQ Standard, JASDAQ Growth

**TSE Prime, TSE Standard, TSE Growth
And it will have taken 3 years and efforts at every major company to simply relabel the venue on which they are listed, and in the end, it looks like a few percent of listed Japan will be slowly phased out of the TOPIX Index.
Read 8 tweets
baufinanciaphaster 👹 Profile picture
16 Dec 21
Some odd comments here, but otherwise a worthwhile summation of current onshore suits (which, since August, have been amalgamated at the Guangzhou Intermediate Court) against Evergrande.

The "new info" here is in the breakdown and nature of creditors.

ft.com/content/941c0e…
The story suggests US$13.2bn of suits so far. Some of that will be people owed money. Some is people suing in order to start the process of control of projects. Some are suits just to lay claim because it looks like it will get worse.

There is some surprising stuff.
We continue to have comments about onshore vs offshore. It STILL doesn't work like that.

Offshore bonds issued by Evergrande ($3333.HK) and its subsidiaries guaranteed by EG are different than the bonds issued by the onshore real estate subsidiary of 3333 called Evergrande Real
Read 10 tweets
baufinanciaphaster 👹 Profile picture
14 Dec 21
And the TOB is done. And SBI only got 56.9mm shares out of the 58.2mm shares desired.

Close enough for horseshoes, hand grenades, and assuming control in their case.

Funny though. There was some serious panic volume going through on TOB Day (when if one had tendered at 2000,
one would not need to sell in the market), and anyone shorting it hard post-tender should have their head examined (they should have shorted into the tender).
The data kinda looks like the account of Nomura Aya (daughter of activist Murakami-san) tendered some shares, but we won't know until Friday, or the next time his company City Index Elevens files.

Why?
Tender quantity was an odd-lot ending in x99 shares. And Nomura Aya held 2+%
Read 7 tweets
baufinanciaphaster 👹 Profile picture
7 Dec 21
It’s an hour past midnight EST.
Read 9 tweets
baufinanciaphaster 👹 Profile picture
7 Dec 21
Just the headline is worth it, but there is soooo much more deliciousness here. ImageImageImageImage
He "went short with all his funds" (buying 50% OTM index puts).

(except, of course, the funds used to purchase $200k of face value of Evergrande bonds)

This is, of course, the same guy who can neither count nor mark to market. Image
And in case you haven't done the accounting...

AFTER global indices fall by 90% and he sells his put options (and earns gajillions)...

THEN he will buy gold, which of course, will not have gone up.

This gold owned by his company, which will issue a gold-backed stablecoin.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @bauhiniacapital has new unrolls!

Check out other threads from @bauhiniacapital!

Read all threads by @bauhiniacapital

:(