Stocks and real estate. I talk gooder than I tweet. #ESG is stupid.
Aug 8, 2022 • 6 tweets • 2 min read
$LOAN trades at about 150% of book value. The key difference between it and $AAMC is that $LOAN keeps all of it's loans on it's books- whereas $AAMC keeps loans on its books AND sells them off.
stocks.apple.com/AJxXKZImdRh-vG…
Same story with $SACH. Trades for a premium to book value, but keeps all it's loans. Doesn't really sell any loans opportunistically or for fee origination like $AAMC does.
It seems VERY clear that $AAMC didn’t have to redeem all of Luxor’s preferred stock… I just don’t see the case that Luxor has.
iapps.courts.state.ny.us/fbem/DocumentD…
This is especially the case when in the offering docs, they clearly state that the funds need to be legally available. If payment bankrupts a company- that ain’t legally available…
Oh, and the icing on the cake? Luxor’s attornies drafted the pref docs.
Apr 22, 2022 • 4 tweets • 2 min read
$AAMC “intends to bring a lawsuit against former director, Nathaniel Redleaf, Luxor, & certain of its funds and managed accounts, for breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and breach of contract.” (paraphrased) seekingalpha.com/pr/18760165-al…
Makes me wonder what all came out in discovery? @futureformerJD do you have any thoughts?
I'm looking forward to the $AAMC lending operations getting rolling and all that. Plus- CRYPTO ATMS w/ @ForumPay look to be really exciting. #Bitcoin#Ethereum#DogecoinToTheMoon
