GURGAVIN Profile picture
Nov 17 11 tweets 3 min read
FTX FILLED ITS BANKRUPTCY FILLING TODAY

IT IS EVEN WORSE THAN ANYONE IMAGINED AN OVERVIEW 👇
1) FTX LENT SAM BANKMAN OVER $1 BILLION DOLLARS FOR PERSONAL USE Image
2) FTX USED CUSTOMER FUNDS TO BUY HOUSES FOR EMPLOYEES Image
3) FTX DIDNT HAVE A LIST OF EMPLOYESS AND WHAT ALL THEY DID Image
4) FTX DID NOT KEEP ANY BOOKS OR RECORDS OF ITS DIGITAL ASSETS Image
5) ALAMEDA RESEARCH WAS EXEMPTED FROM AUTO LIQUIDATION ON FTX Image
6) FTX BUILT A SOFTWARE TO HIDE THE MISUSE OF CUSTOMER FUNDS Image
7) FTX HAD $400 MILLION IN UNAUTHORIZED TRANSFERS THE DAY THEY FILED FOR BANKRUPTCY Image
8) FTX HAD BILLIONS IN INVESTMENTS OTHER THAN CRYPTO BUT THERE ARE NO BOOKS OR RECORDS OF ANY OF IT. Image
9) SAM BANKMAN MADE ALL BUSINESS DECISIONS ON APPS THAT AUTO DELETED EVERYTHING AFTER SOME TIME

HE ENCOURAGED ALL EMPLOYEES TO DO THE SAME Image
10) MAKE SURE YOU ARE FOLLOWING @gurgavin AS THIS IS JUST THE TIP OF THE ICEBERG.

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More from @gurgavin

Nov 17
UK YOU GOOD ????

*UK’S DECISIONS TODAY LEAD TO 'SUBSTANTIAL' TAX INCREASE

UK LOWERS TOP-TIER 45% TAX THRESHOLD TO £125,140 FROM £150,000

*UK’S DIVIDEND ALLOWED CUT TO £1,000 NEXT YEAR

*UK WILL START IMPOSING TAX ON ELECTRIC VEHICLES FROM 2025
*HUNT: ENERGY PROFITS LEVY TO BE INCREASED FROM 25% TO 35%

*UK EXTENDS WINDFALL TAX ON OIL, GAS COMPANIES TO 35% TILL 2028

*UK TO TAX EXCESS RETURNS OF ELECTRICITY GENERATORS
*HUNT: NEARLY £14B TAX CUT OVER NEXT FIVE YRS FOR BUSINESSES

*UK FORECASTS 2022-23 BUDGET DEFICIT AT £177 BILLION

*ELECTRIC VEHICLES NO LONGER EXEMPT FROM EXISE DUTY

*UK GDP FORECAST TO SHRINK 1.4% IN 2023 FROM +1.8% PREV ESTIMATE
Read 4 tweets
Nov 16
HEARING SOME CHATTER ABOUT GEMINI NOT HAVING ENOUGH FUNDS TO COVER CUSTOMER DEPOSITS AND ALSO GEMINI IS TRYING TO RAISE FUNDS FROM INVESTORS.
GEMINI FUND RAISE CHATTER IS COMING FROM MY OWN SOURCES NO NEWS ORGANIZATION IS COVERING IT YET.
ANY COMMENT’S @tyler ?
Read 4 tweets
Nov 6
I BOUGHT 9 THIS YEAR

HERE’S WHY I BOUGHT EACH ONE :
1) $RICK RCI HOSPITALITY

IT IS THE ONLY PUBLICLY TRADED STRIP CLUB OPERATOR OWNING CLUBS LIKE THE DRAKE FAVOURITE TOOTSIES AMONG OTHERS. ALSO HAS A NEW FAST GROWING RESTAURANT BUSINESS UNDER THE NAME OF
BOMBSHELL’S.

UP 70% FROM MY WRITE UP 3 MONTHS AGO
2) $INTC INTEL

INTEL IS NOW MY LARGEST POSITION CURRENTLY. I AM REALLY BULLISH ON THEIR IDM 2.0 STRATEGY QUICK 60 SECOND EXPLANATION.

intel.com/content/www/us…
Read 11 tweets
Nov 4
$TWLO I THINK I HAVE THE BEST TRACK RECORD TRADING $TWLO ON TWITTER

WILL BE BACK SOON WHEN I DO WILL POST IT AGAIN.
Read 5 tweets
Oct 31
IN SOME $MSFT $250 CALLS FOR NEXT FRIDAY STOP LOSS AT $0.75 Image
$MSFT MOVED STOP LOSS TO COST NOW Image
SOLD 25% HERE
Read 5 tweets
Sep 30
MICHAEL BURRY JUST SAID THESE 200 + COMPANIES SHOULD GO TO 0 BUT HE DID NOT PROVIDE THE LIST

DON'T WORRY I GOT THE ENTIRE LIST FOR YOU GUYS.
ALL COMPANIES ON THE LIST SORTING THEM BY THE LARGEST TO SMALLEST MARKET CAP
Read 4 tweets

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