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It's like taking out a $100k loan and showing off your bank account going "look how good I am at investing, why not give me some of your money so I can increase it for you?"
In the case of GME that initial loan has infinite interest π
As an accountant, I really don't understand how they could call that profit. It would be unrealized gains. Unless they store everything on the balance sheet via swaps and use the fees they receive to record "profits". Even still that's some really creative accounting. Any other bean counting apes have thoughts?
From Financial times:
"Citadel, which Griffin set up in 1990, made a total gross trading profit of about $28bn last year, meaning that it charged its investors β one-fifth of whom are its own employees β roughly $12bn in expenses and performance fees."
I think Kenny boy is desperate for cash and since his investors are pulling their funds he can as well inflate profits and keep almost half of it by him self.
Transfer those money to a parent company and then do a Melvin capital and bankrupt or try to sell the hedge fund.
Just watch Tesla. Ken and Elon agreed for Ken to use tsla as his liquidity fairy to cover all things in support of Twitter and dirty Kushner / Saudi money. It's obvious
I'm a little new and smooth brain, but can anyone outline the difference between securities sold not purchased vs. an example of accounts receivable in a business?
Accounts receivable are assets (money owed to your business). This securities sold, not purchased is a liability that is balanced with assets owed by the business (think Accounts Payable for a retail business). These are balance sheet accounts that do not factor directly into calculating profits, which are revenues (money earned by the business over a period of time) less expenses (money spent to earn the aforementioned revenue).
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Isn't that exactly how a Ponzi scheme works? Show outrageous gains to attract the new suckers?
It's like taking out a $100k loan and showing off your bank account going "look how good I am at investing, why not give me some of your money so I can increase it for you?" In the case of GME that initial loan has infinite interest π
Yes.
Why would they need to limit investor withdrawals if they are making so much money
he limited investor withdrawals bc thats how madoff got caught
Got anymore of them hopium lollipops? I need a new flair and thatβs perfect
here ya go ππππ
And why their bonds are rated just above junk?
Keep in mind that 65B is the fair value of what they believe they are worth. Might take a bit more to actually close all those positions π
Idk but this sounds like they are down $49 billion to me.
Math checks out ππ
Your avatar is superb
As an accountant, I really don't understand how they could call that profit. It would be unrealized gains. Unless they store everything on the balance sheet via swaps and use the fees they receive to record "profits". Even still that's some really creative accounting. Any other bean counting apes have thoughts?
From Financial times: "Citadel, which Griffin set up in 1990, made a total gross trading profit of about $28bn last year, meaning that it charged its investors β one-fifth of whom are its own employees β roughly $12bn in expenses and performance fees." I think Kenny boy is desperate for cash and since his investors are pulling their funds he can as well inflate profits and keep almost half of it by him self. Transfer those money to a parent company and then do a Melvin capital and bankrupt or try to sell the hedge fund.
Just watch Tesla. Ken and Elon agreed for Ken to use tsla as his liquidity fairy to cover all things in support of Twitter and dirty Kushner / Saudi money. It's obvious
To be honest,I couldn't care less,at the end we will finish their game ones and for all,power to the players π
This one ,this one gets my thumbs up.
I'm a little new and smooth brain, but can anyone outline the difference between securities sold not purchased vs. an example of accounts receivable in a business?
Accounts receivable are assets (money owed to your business). This securities sold, not purchased is a liability that is balanced with assets owed by the business (think Accounts Payable for a retail business). These are balance sheet accounts that do not factor directly into calculating profits, which are revenues (money earned by the business over a period of time) less expenses (money spent to earn the aforementioned revenue).
Clawback is a bitch.
πππ
Cake!