Mondegreen

Q1 report is out: https://westaim.com/wp-content/uploads/2020-First-Report-to-Shareholders-FINAL.pdf

I do think we're seeing some scale at Arena. Taking fee income and OpEx (sorry for formatting): Year AUM Fee income OpEx Total 2019 1300 28.3 -27.8 0.5 2018 1024 21.1 -22.6 -1.5 2017 760 13.1 -20.6 -7.5 2016 380 8.8 -13.5 -4.7 They currently have (According to Linked In) 64 employees so an average of $321,875 per head and ~85 positions so around $15M avg position size, will be interesting to see how much these scale with growth in AUM. For reference they funded: 68 deals from Jan-Dec 2018 80 deals from Mar 2018 - Mar 2018 Will also be interesting to see how they fared through March/April this year. Given that they just raised $300M I think its unlikely they fared too badly. Should this be true, I can't see how these current prices are justified.

Apologies if this has already been posted, but Jonathan Molot has purchased £8.6M of stock at an average price of £9.18 per share in the last two weeks. While I agree he sold a lot more (£81M) in 2018, this is hardly an insignificant amount of money. Source: https://finance.yahoo.com/quote/BUR.L/insider-transactions/ Mondegreen

Damage to reputation may be crushing here. How easy will it be to raise money from Sovereign wealth funds in future etc.

Looks interesting will investigate, thanks

For reference: https://www.valueinvestorsclub.com/idea/Blue_Capital_Reinsurance_Holdings_Ltd._/8153623646

Bit slow on this one, but Chris DeMuth Jr. submitted Westaim to SA as his 2019 top pick: https://seekingalpha.com/article/4229626-2019-top-pick-westaim Mondegreen

I just want to add that this is a fascinating business/discussion

More WED

I think this thread has outlived its usefulness

Right, but how would that help. Being smaller for the sake of being smaller isn't useful.

How would you break up Facebook? Before the US Rockefeller empire was broken up there was already legitimate competition oversees. It's just a less scalable business model. In Facebook's case, it is directly beneficial to have your US, European, and Asian friends all using the same medium. The natural "equilibrium" size of a global monopoly has, and will continue to, increase as the world becomes more interconnected. If the point of regulation is to protect the consumer, breaking up Facebook wouldn't achieve that. I think what makes regulating these companies so difficult is that consumers truly benefit from the abuses they commit. One of social medias greatest accomplishments is giving normal people a big voice, how do you simultaneously nurture that and prevent the spread of miss-information?

Seems an extremely intelligent way to proceed.

WED and CNTWW

Interview with Arena CEO: https://www.bloomberg.com/news/videos/2018-08-15/arena-investors-ceo-sees-numerous-triggers-for-next-credit-crisis-video