Castanza

I don't think it's fair to use the BTC went from .01 to 33k argument when talking about adoption by countries. The only people who had this on their radar until 2017 were nerds in dorms and 4chan users. I mean, should govt be buying all these other sh1tcoins because they are cheap? USD is still the reserve currency backed by the US and it's military. China owns like 50% of BTC and the majority of the miners are there no? I don't see that as a positive even if it's a simplistic view. For the record, I am not against crypto and would probably buy some BTC for trading if the price came down substantially. To me it's history and present "antics" seem way to opaque and volatile to justify adoption by a large country.

Wow that's a pretty interesting development

El Salvador used USD....If everyone in El Salvador had BTC instead, they would have just lost 65% of their wealth. How can anyone argue that BTC in its current state can provide stability to a country?

Id be curious to know what the sentiment is of citizens in El Salvador for BTC. I mean, what reason do they have to trust their governments decision? I think you could argue BTC adoption starting in a risky country is more risky for BTC ecosystem. If this fails in El Salvador like all the other currencies then it would crush mass country adoption. Their goal imo is to hold on hoping someone bigger adopts (which is possible). I could see adoption in the US if the majority of people became invested in it. But that is more bottom up, and it still would require a binary decision by the govt. I think Sharper has the best view that govts will simply establish their own crypto.

You’re expecting the US and other G7 countries to adopt policy of a country that 99% of people probably couldn't even point out on a map? I think when people talk about “ANY” country and policy adoption at a high level, it’s generally assumed they mean influential countries. Again, I’m not trying to shit on El Salvador….but from a purely influential standpoint I’d call it a nothing burger. if someone “bigger” adopts it, then we can talk. But it (insert country) certainly isn’t going to be because El Salvador did. I still think it’s likely the government (US) takes action before their own currency is debased by Bitcoin.

Countries that are basically failed states

Added to BSM and RRC

OVERVIEW (not my work) 1 share PSTH converts as follows: 0.643 share UMG 1 (One) share PSTH RemainCo 1 (One) SPAR that will be a warrant for SPARC Original PSTH 1/9 Warrants can be converted for more PSTH commons based on the chart on page 166 of the original prospectus (the ones you get with original PSTH pre unit split) 2/9 Tontine warrants roll over to PSTH Remainco and will be issued after the closing of the Redemption Tender Offer and before the closing of the Warrant Exchange Offer AND they will NOT be eligible to participate in the Warrant Exchange Offer. UMG should IPO on or around 27th September and the shares of the publicly traded company will be distributed sometime between the last week of November and first week of December 2021. "UMG will be one of the largest companies on the Euronext Amsterdam exchange and will become a member of several major global indices" (IMPLIES POTENTIAL LISTING NYSE) SPARs are "free" they are received at "no consideration" and will trade as warrants on the NYSE.SPARs and SPARC are not guaranteed and still subject to SEC approval. AFTER All of this is done then "RemainCo will undertake a 1:4 reverse stock split so that our cash net assets per share will be approximately $22" This means that for every 4 shares of PSTH RemainCo you hold you will get 1 Share of PSTH but it will have a an increased NAV of $22 USD TIMELINE End of August: Distribution of Tontine Warrants (1-Day Following Record Date) First week September: Distribution of SPARC Warrants (1-Day Following Record Date) Late Aug to Early Sep: Closing of UMG Share Purchase Transaction September 27th: UMG Listed on Euronext Amsterdam and 60% distribution to Vivendi Shareholders End Nov / Beginning Dec: Distribution UMG Shares to PSTH Shareholders

Small starter position in RRC Management has been very disciplined with paying down debt. Target is to get to sub 2x by end of 2022. At this point they would consider dividend or stock repurchase. Projections show sub 1.5x by 2023. Management is focused on generating free cash flow They have the best assets in Appalachia and are also the most efficient operators. Continued efficiency growth is on the front burner. I believe in the call they said they got under 12k per linear foot and as a result are revisiting their best producing wells. they see tailwinds for propane and gas in Asia. Consolidations and acquisitions are only on the table if it checks multiple boxes. Efficiency, debt pay down or RFC generation. Q1 call had a lot of good questions.

Michael Kao had an interesting commentary recently. can’t remember if someone else already posted this on another thread.

$CNNE has quite a bit of restaurant exposure doesn't it? Might be misremembering, but I thought I heard this mentioned on a podcast non long ago.

Are there any samples of the training? What makes it different? In my experience, it is very difficult to get individuals to care about this. Especially non IT employees. At our company we send out “trick emails” every so often and if people fail the test the get punished with training. We’ve made the training so excruciatingly boring that people now over report emails as potential phishing scams. In fact this past Christmas we sent out Amazon gift card codes through encrypted emails and something like 10% of people opened them. I guess that’s neither here nor there though as companies often fork over cash for new approaches.

Was looking for a better mobile experience and everyone and their brother was saying IBRK is the best figured I'd give it a shot.

Who says they are near critical mass Exactly, why would they fight what the market is demanding? And if they hold true to their earlier statements as you said then why not secure more builds. If the contracts are there then the contracts are there. In 5-10 years will there be more or less demand? I would say more.

Have been using IB for about 6 months now and absolutely hate it. All of the features feel "hidden" and the platform is always lags (I have GB internet). Stuff that should be blatantly obvious and in plain sight like margin exposure and maintenance seems to be "hidden" as well. Can't even get my watchlists to load half the time. And they are very clunky to update. Foreign stock exposure is nice but tbh I don't buy that many foreign stocks. Does anyone use ETrade? Or any other recommendations? Might just go back to Fidelity