"You don’t listen to the science because you are only interested in solutions that will enable you to carry on like before"
-- Greta
Investor. Any references to securities are not recommendations or solicitations to buy or sell anything. I may have positions in securities mentioned.
Wednesday, December 25, 2019
Greta vs the Fossil Fuel Industry
"You don’t listen to the science because you are only interested in solutions that will enable you to carry on like before"
-- Greta
Thursday, November 21, 2019
The Anti-Value Cycle
Monday, November 18, 2019
Monday, November 11, 2019
Friday, November 1, 2019
leading indicators/WeWork /Immune Amnesia
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The American Lawyer@AmericanLawyer
Firms have been remarkably proactive in building up their bankruptcy practices over the last three years, energizing the lateral market long before the arrival of the anticipated downturn.
After the debt bubble burst a dozen years ago, a cascade of business failures turned bankruptcy practices into a bright spot—and set off a rush for talent—among law firms grappling with the Great Recession.
More than a decade after the last recession, threats to the economy’s health are slowly becoming apparent as more indicators point to an imminent slowdown. But unlike the sudden worldwide financial crisis of the last decade, the slow plod toward the next recession has allowed law firms to be more deliberative in building out their bankruptcy and restructuring practices.
https://www.law.com/americanlawyer/2019/10/29/its-coming-looming-recession-keeps-bankruptcy-partners-on-the-move/
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WeWork - scandal
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
This is on top of a $500 million stipend to pay off a loan and a $187 million “consulting” fee the bank is giving Neuman, much to the chagrin of analysts.
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
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You Can't Manage It If You Don't Measure It
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
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You Can't Manage It If You Don't Measure It
Thursday, October 31, 2019
Sydney shrouded in bush--fire smoke as Melbourne swelters
https://www.theguardian.com/australia-news/2019/oct/31/sydney-shrouded-in-bushfire-smoke-as-melbourne-swelters?
Mobius Foundation
@themobiusfound
Not just the plastic cup, avoid paper cups as well. Carry a reusable cup or a mug for your outdoor needs. There are even foldable and space saver cups in the market for your bags.
Wednesday, October 30, 2019
Ashley Callingbull - REDx Talks Preview.
Currently holding the crown of Mrs. Universe. Ashley has been commended for leveraging her title to advocate for missing and murdered Aboriginal women and Indigenous rights.
Ashely shares her story and continues to inspire people around the world.
TED Talks has some imitators and REDx uses the format with Native speakers talking about Native issues.
Red x
Cowboy Smithx is an Award Winning filmmaker of Blackfoot Ancestry from the Piikani and Kainai tribes of Southern Alberta, Canada.
Cowboy is the founder and curator of the highly acclaimed International Indigenous speaker series “REDx Talks." He also serves as the Artistic Director of the Iiniistsi Treaty Arts Society.
He writes, directs and produces film works in documentary, narrative, music video and experimental. Cowboy is currently working in Indigenous education, Cultural consultation and Youth work across the globe. Cowboy hosts the critically acclaimed podcast “The Silent X”.
Performed on June 2, 2016 at the University of Calgary.
Performed on June 2, 2016 at the University of Calgary.
Cowboy Smithx. REDx Talks “Resilience, Empowerment, Discourse and a silent ‘x.”
REDx Talks
Conversation
Tuesday, October 29, 2019
In the long run , we're all dead John Maynard Keynes
This is not a new idea. Nor is it an excuse to give up.
The future depends on what we do in the present.
A man is but the product of his thoughts; what he thinks, he becomes.
In the long run , we're all dead
John Maynard Keynes
British economist
British economist
Thursday, October 24, 2019
Enphase Energy = Solar energy company
Enphase Energy
Solar energy company
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
LinkedIn
YouTube
Twitter
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SunPower
Sunrun
Vivint Solar
Tesla, Inc.
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Claim this knowledge panel
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
LinkedIn
YouTube
Twitter
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
YouTube
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
YouTube
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
Enphase Energy Inc
NASDAQ: ENPH
Enphase Energy, Inc. (ENPH) Stock Price, Quote, History ...
https://finance.yahoo.com › quote › ENPH
ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that CNC Solar, a leading Mid-Atlantic solar contracting company, has distinguished itself with outstanding service to solar customers.]
Enphase Energy, Inc. (ENPH) Stock Price, Quote, History ...
https://finance.yahoo.com › quote › ENPH
ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that CNC Solar, a leading Mid-Atlantic solar contracting company, has distinguished itself with outstanding service to solar customers.]
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