Stavros Gadinis, Director of UC Berkeley’s Center for Law and Business:
“I think they fell for the argument that Musk did not set out to deceive investors, but that he really believed that he had the funding [to take Tesla private].” – The Guardian Uk, 3 Fe. 2023
Meanwhile here, we continue on the journey of self-development…10 years later. aren’t you glad you stuck around ?
The tech meltdown has just begun…hold on tight
People have asked me what do I make of the crypto downfall…Sequoia Capital marks down its crypto investment down to zero dollars it’s all part of life…what goes up, must come down.
Crypto heads have been emailing me non-stop…we’ve all on the akashic platform, people.
Sadhguru on the akashic records..
Syding’s latest newsletter post, How the World Work, is very rich in theosophical and existential treaties. I thoroughly enjoyed it. Obviously, I can’t reproduce it here, but he’s keen on *meetings* being the core of everything and consciousness, not matter or time, is what defines existence. [I spoke about the non-existence of time already back in 2019]. Karl-Mikhael Syding ends up signing his newsletter with the title “Aspiring Sheng-Jen”. According to the Oxford dictionary, a Sheng Jen is in China, one who hears the way of Heaven (Tʾien) and develops understanding, often translated as ‘sage’. Sheng-jen is therefore the ideal wise person who penetrates the hidden meaning of all things and lives accordingly.”
This year, I brought to your attention the Indian mystic Sadhguru . I hope you’ve read my book review of his latest book weeks earlier, and that contemporary mystic Sadhguru has inspired you.
In the beginning was a field…Syding says. Not the Big Bang. What happens is human mind can only perceive snapshots, beginnings and ends, labels. These are our limitations. Past, future. Snapshots of the human mind.
I see this “field” as emanating from the present. The future is made now…and so is the past. Poor human snapshots of reality the mind of the common folk is unable to grasp. The Universe is marching towards its end as well as towards its “beginning” concurrently, because there is no “beginning” or “end” to begin with.
In the Zone (Sadhguru’s latest short video) with former rugby player Jonny Wilkinson, CBE.
Can you dig it ?
FROM: [email protected]
DATE: April 16, 2022Dear Applicant,
You got a lot of “yes” votes, so we are delighted to initiate our community-stakeholder interview.
Could you come by Bubble HQ tomorrow and give a thirty-minute ted-style talk to an auditorium of six hundred employees, followed by a Q. & A.? Think of it as one very big interview where everyone can see what you bring to the table!
Your topic is “The Future of U.I.”
P.S. The tone of the talk should be jovial, with some great zingers.
The New Yorker
The never ending steps (streams ?) of interviews. What happened with the two interviews (or three, max.) you used to have ?
The post They could even invite you to role-play a scene from “The Phantom Menace.” first appeared on Wall Street Financier: Notes from High Altitude©.]]>The latest post there: Is It Possible That Your Body Will Heal By Creating And Manufacturing Its Own Medicine? I invite you to read it.
“
| The company, with the help of this lawyer at Wachtel tries to stop Elon, which it argued were more about the drop in Tesla’s shares and its effect on Musk’s wealth than anything else. |
| “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the company said in the suit, adding: “Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.” |
Of course, Elon countersued
So, where is all going ? You can’t force food down anyone’s throat. I don’t see Twitter being able to enforce the buyout.
| Twitter said in its lawsuit that Musk had appeared to abandon efforts to complete his debt financing. And he disappeared when Twitter’s executives, including Ned Segal, its C.F.O., reached out to discuss the figures about spam accounts that Musk had said he was concerned about. |
| Musk also appeared to get rid of executives who were helping him close the deal, such as Bob Swan, a former C.E.O. of Intel, according to the lawsuit. On June 23, Musk told Twitter that he had asked Swan “to depart the deal proceedings, as we are not on the same wavelength.” |
We’ll be watching more of Musk and Twitter, certainly.
I will hold off any comment on the war in Ukraine…I am busy with my own war. But here’s a video to brighten your day.
Tiny Waist & Round Butt Workout.
Let this silence breed wisdom…
Podcast: Since this blog started as a business aviation fan site, Here’s a podcast from Aviation Weekly on Russian Sanctions and the impact on business aviation
The post Under attack by haters first appeared on Wall Street Financier: Notes from High Altitude©.]]>It appears the SPACs boom is coming to an end ? The WSJ looked at the SPAC landscape in an article last weekend, The SPAC ship is sinking. Investors want their money back (Amrith Ramkumar, Jan 21, 2021).
“It turns out investing in unproven upstarts isn’t for everyone, and with interest rates looking likely to rise in coming months, all sorts of speculative investments from technology stocks to bitcoin are getting hit.
A number of companies are now withdrawing from previously announced SPAC deals, even though they sometimes have to pay millions of dollars to the SPAC for backing out. Savings and investing app Acorns Grow Inc. was the latest to do so, ending its roughly $2.2 billion SPAC agreement on Tuesday and becoming the 10th company to terminate a SPAC deal since early November, according to Dealogic. There were 13 SPAC-deal terminations in the first 10 months of last year.Announced valuations of companies that recently terminated SPACs.
Other companies to end deals recently include billionaire Tilman Fertitta’s Fertitta Entertainment Inc.—a holding company for Golden Nugget casinos and Landry’s restaurants—financial trade clearing firm Apex Clearing Holdings LLC and drug-development technology firm Valo Health LLC.
Low share prices mark a particularly acute threat to SPACs because they can trigger a negative spiral. Investors who put money into a SPAC before it announces a deal don’t know what type of merger it will do, so they are allowed to withdraw their money before a deal goes through. The amount they withdraw typically comes out to the SPAC’s listing price of $10, plus a tiny bit of interest.
Nearly 95% of investors in the SPAC that took BuzzFeed Inc. public last month pulled their money out, leaving the digital-media outlet with just $16 million from the SPAC’s original $287.5 million. BuzzFeed also raised $150 million in convertible-note financing as part of the deal. Shares have since slumped roughly 60% to about $4.”
WSJ
Is this the end of the SPAC boom or just the losers get flushed out ?
Let’s just be real. Chamath isn’t budging on his billions of dollars, even if the SEC said SPACs should treat warrants as liabilities on their balance sheets rather than equity, forcing IPOE and many SPACs to restate their financials.
Friendly reminder: this is the 450th post we are writing here, celebrating 8 years of service.
The post SPACs party coming to an end ? first appeared on Wall Street Financier: Notes from High Altitude©.]]>When you have some spare time, I invite you to listen to this talk
“If you are going to be an expert archer,
You must shoot before you think.
Otherwise I’ll be too late.”
Alan Watts
Meanwhile, in investment banking… Steve McLaughlin of Financial Technology Partners LP is “comfortably the highest paid investment banker in America [WSJ, Dec. 5th, 2021]
The post Wisdom from the giants first appeared on Wall Street Financier: Notes from High Altitude©.]]>PIPEs, SPACs, direct listings…these are not new but they are well on the forefront since the pandemic began.
Heath and tech, that’s where the money is. That’s where the money was before the health crisis, but even more so now.
Ranadive Calls SPACs “Greatest Wealth Creation Opportunity in History”
Bloomberg
Slack and Spotify went public though direct listings…Now AirBnB is scheduled to do it too.
The era of the useless IB “Analyst”, the spreadsheet shuffler, is slowly coming to an end. Only people who are producing, what we like to call “kill their own lunch” shall be left standing.
P.S: This year I probably wrote more articles about “relationships” and gender dynamics than I ever did, so your free bonus today for those Don Juans in the field who are free men [read: not married] is this pick up line:
“You wouldn’t say no to me if you knew I was gay”
Use it wisely.
The post Investment banking jobs are changing first appeared on Wall Street Financier: Notes from High Altitude©.]]>