Gamestop

[sumdumguy]

Just for Interests sake - Goto Netflix- search “The Big Short”. We watched it last night and many memories returned of when we scoured Las Vegas and Mesa to buy a house in 2009-2010. We saw streets in new areas where almost every property was for sale, squatters were living in some very news houses with hibachis and big dogs. One young seller told us his family ‘owned’ 10 new houses in Lake Las Vegas Resort and he showed us what he did for a living - he sold cheap rum out of his car trunk to back doors at casinos and bars. Did the banks learn any lessons? Probably not, they all got their bonuses and no one paid the price except the taxpayer. And the beat goes on.

[sumdumguy]

A realtor called me and we talked about the pandemic and the border closures. His comment, “This too shall pass. “ it resonated and now it is my pacifier. They aren’t experiencing this like we are, they tell me everything is open and life is beautiful - same as our friends in Mexico.

[bucket]

Serenity Now !!!

[LEP]

I guess the value of the pools was still there but farmers equity had gone poof...

It was a collection of assets that sold to the highest bidder. So yes the equity went poof, because there wasn't even enough to pay the debt. That's usually what happens in bankruptcy.

So the 600million spent on the Roquette plant needs government money for 250000 tonnes ...that same money would build 12 high throughput elevators and handle 20 times the grain...obviously good money for Roquette's plans on protein but still requires taxpayer $$$$

It seems the people that control these deals are never held to account as to instead of borrowing money to someone new they just don't give the existing player time to gain back what they had lost...

Tell that to the principals of ILTA. Their equity went poof too.

[B]Anybody that was that tight would have been back hat in hand next year. It is an easy out for someone to sell to a BTO with an insatiable appetite for growth. I highly doubt that FCC or any other lender restricts a loan to a farmer to force it to happen. Guarantee that is happening at FCC...[/B]

Not a chance in hell that it is set up and happening. There may be farmers that can't get additional financing to go another year. There may be farmers throwing in the towel and selling to a BTO. But to say banks and FCC have a plan to do this is such small town coffee talk.

Bucket you have good ideas and usually think things through. But these ones are such BS you should know better than to tout them.

[bucket]

ok then. I am way off base...happens occasionally...

Thanks for telling me what I don't know...

Maybe the people experiencing the FCC policy are experiencing it differently.

[15444]

HAs the question been asked in this Gamestop venture.....where or if there is Chinese money at play?

Sure is easy to have stimulus money for basement dwellers to play with but who put the idea in the head of someone to crack the code of the large funds?????

Ryan Cohen and Elon Musk are members of the WallStreetBets subreddit and were big investors to get the ball rolling. Now that it worked, the game plan is to just target all the major shorts for the indefinite future. As Kevin O'Leary said, its a game changer in the hedge business. Managers can't go balls to the wall, going after shorts. Have to be much more prudent and the margins won't be the same.

[Rareearth]

Likely a good time now, to short gamestop stock

[WiltonRanch]

Yeah it was down 30% this morning