@rebv808 rebv

rebv posts on X about $frmo, in the, $geo, $welx the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

Engagements: [-----] #

[--] Week [------] -99%
[--] Month [---------] +52%
[--] Months [---------] +17,140%
[--] Year [---------] +16,302%

Mentions: [--] #

[--] Week [--] -25%
[--] Month [--] -48%
[--] Months [--] +1.40%
[--] Year [---] +57%

Followers: [-------] #

[--] Month [---] +2.10%
[--] Months [---] +6.50%
[--] Year [---] +41%

CreatorRank: undefined #

Social Influence

Social category influence finance stocks cryptocurrencies countries us election technology brands currencies social networks financial services exchanges

Social topic influence $frmo, in the, $geo, $welx, biz, ceo, $tpl, ai, to the, ipo

Top accounts mentioned or mentioned by @retailsedge @activeinvesting @simcoxgm @ragingbullcap @wgitzels @sfarringtonbkc @johnchew5 @gislieyland @calvsams @grok @msmelchen @kidwithaboat @macroalf @charliemunger00 @stevecavin5 @thetikr @thetranscript @mintzmyer @yellowlablife @ncsisa

Top assets mentioned FRMO CORP (FRMO) The GEO Group, Inc. (GEO) Texas Pacific Land, Corp. (TPL) Franco-Nevada Corporation (FNV) LandBridge Company LLC (LB) Bitcoin (BTC) HORIZON KINETICS HOLDING (HKHC) MAPS (MAPS) Miami International Holdings, Inc. (MIAX) Grayscale BTC ETF (GBTC) JPMorgan Chase (JPM) iShares BTC Trust (IBIT)

Top Social Posts

Top posts by engagements in the last [--] hours

"@kidwithaboat @MacroAlf Correct. $420MM out of $185B AUM. Thats iff they bought the entire reported funding round which they didnt I think the investment was $200MM"
X Link 2022-11-10T09:43Z [---] followers, [--] engagements

"Could be interesting for Martin Franklin's $FREE (at all time P/B and P/S lows) if this sucralose issue bears out:"
X Link 2023-06-30T07:09Z [--] followers, [--] engagements

"@CharlieMunger00 How about a pretty good deal of mismanagement $TPL"
X Link 2023-07-07T01:09Z [--] followers, [---] engagements

"Until I'm getting cash in hand it's just a number on a screen (that MrMarket can write down at any time). "I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." --Warren Buffett"
X Link 2023-07-16T05:10Z [--] followers, [--] engagements

"$RCG shareholders your thoughts on $APYX It's a rather large position of the fund (thankfully smaller now) but IDK the appeal. It's a holdover from previous mgmt that's never made a profit save for a divestiture in [----] (and that cash is nearly all run off the B/S now)"
X Link 2023-08-12T04:25Z [---] followers, [---] engagements

"Exit strategy Indeed. #HorizonKinetics $TPL holders thots 'HK suggested some best-case scenarios: oil major purchasing TPL or TPL growing up to be a large cap so that its shares would be easy to sell. . But if that doesnt happen it could be ugly.'"
X Link 2023-08-18T01:52Z [--] followers, [---] engagements

"@SteveCavin5 @johnchew5 That's one way to look at it lol. YTD price was relatively stable even after the annual report dropped then the annual letter and earnings call comes out and decline starts. Someone must have heard something they didn't like"
X Link 2023-09-14T02:52Z [--] followers, [--] engagements

"@ActiveInvesting Legally no but there was apparently an informal agreement that it would not be sold w/out permission from previous mgmt (ie. Russell Cleveland). Maybe MS and Cleveland can have a conversation soon See my submitted Q on this @ 00:49:16 in the FRMO CC here:"
X Link 2023-09-19T02:11Z [--] followers, [--] engagements

"@theTIKR Question: Why are the watchlist columns so limited Why cant I track the metrics that are available to the Screener tool (eg. Dividend Yield or FCF/sh CAGR from 2018-2022) for watchlisted stocks The data is apparently available but watchlist is limited to valuation multiples"
X Link 2023-09-23T07:22Z [--] followers, [--] engagements

"@TheTranscript_ What earnings call is this from"
X Link 2023-10-04T01:51Z [--] followers, [--] engagements

"@mintzmyer Thoughts on the price they're paying for $TGH High low fair"
X Link 2023-10-23T03:15Z [--] followers, [---] engagements

"@YellowLabLife $TPL and its valuations vs the rest of the oil royalties"
X Link 2023-11-03T10:42Z [---] followers, [----] engagements

"@NCSI_SA 1st $RCG: $11mm 2nd $WELX: $12mm 3rd $PMD: $13mm ( $CRMZ @ $26mm if not counting RCG it being a close-ended fund )"
X Link 2023-11-27T19:43Z [--] followers, [---] engagements

"In honor of the late 🐐 here's a downloadable version of the Charlie Munger compilation PDF that's been shared around (which I've only seen elswhere w/ print and download disabled) 👇 Source: Link: V Scan:"
X Link 2023-11-29T08:32Z [--] followers, [--] engagements

"@ektrit Why care to bail him out once he was at risk of insolvency (vs letting him fall) What were the decision variables there Are they loyal like that Just prefer to retain certainty of who from and how they would get money (vs whatever struggle would come from a Buffett downfall)"
X Link 2023-12-13T07:19Z [--] followers, [--] engagements

"@NewLowObserver @EconTalker At what timestamp do they cover this It's not in the official transcript highlights (ie. where did you get that screenshot from)"
X Link 2023-12-14T22:15Z [--] followers, [--] engagements

"$MKTX continues to lose ground to $TW. TBH IDK what's been responsible for the recent rally in the stock beside general Santa/Rate-Cut rally effect (Also is there a better way to get the monthly mkt share data over multiple yrs other than manually copying the press releases🙏)"
X Link 2023-12-22T19:50Z [---] followers, [---] engagements

"More supply chain issues not less. $CRMZ: A trade-credit risk mgmt biz that sees cashflow growth when the economy is scary and when procurement and AR dollars-at-risk become a more focused concern. I'm thinking about sharing some predictions for [----]. Despite my broken crystal ball. What are some of yours I'm thinking about sharing some predictions for [----]. Despite my broken crystal ball. What are some of yours"
X Link 2023-12-24T22:51Z [--] followers, [---] engagements

"@garrytan @ConceptualJames "Telling phrase they say 'high-income econs corporations & wealthy classes that dominate them are mainly responsible for this problem.'. In fact it's ppl being brought out of poverty such in places like China. The ppl trying to become wealthy." 👇 It seems as if Degrowth is back in the news and trending again. Here is my @X analysis of @Nature's anti-human anti-progress stance. It's a long watch - but I do have fun with it by going deep on their "science" 😂🧪. I compare it all to a better alternative: rapid progress. https://t.co/GaFOcldLN5 It seems as if"
X Link 2023-12-26T02:50Z [--] followers, [---] engagements

"@PegCityInvestor @NewcomerInvest Do you know anywhere where this is explicitly stated "Interest in land" never comes up in any SEC filings so not sure wat to look for (Would be nice to know what to look out for in any future press release where we learn the Panama gov has ruled anything else unconstitutional)"
X Link 2024-01-26T19:58Z [--] followers, [--] engagements

"Thoughts on Franco Nevada $FNV. A good way to add gold exposure to a portfolio while still receiving cashflows and I think is still a good deal atm (even if Cobre never reopens) based on some simple assumptions. (See profile link)"
X Link 2024-02-03T00:14Z [--] followers, [--] engagements

"Interestingly if you had a 1oz gold bar you could trade it for slightly more shares of $FNV today than you could have during the March depths of the [----] COVID pandemic. You'd have to go back to [----] or [----] for a better exchange rate"
X Link 2024-02-03T00:14Z [--] followers, [--] engagements

"@DividendMaster What's odd is the relevant filings/news dropped at market close yestrday but the real pop didn't come until official market open today. (Had a sizable GTC etxd-hours limit order at $66.5 when the filings dropped hoping to get lucky and somehow got it filled in pre-market 2day)"
X Link 2024-03-19T19:56Z [---] followers, [---] engagements

"A thought for my fellow Stahl stans on why $SLGD shares are probably fairly valued (or at least not based on unreasonable assumptions) at their current range around $0.85/sh despite the Horizon Kinetics merger's targeted $1.25/sh "IPO" price spread. https://tinyurl.com/m93cka73 https://tinyurl.com/m93cka73"
X Link 2024-04-06T01:43Z [---] followers, [--] engagements

"While SLGD has provided no fin. info on HK FRMO has had a revenue interest in HK since at least [----] fixed @ 4.199% and included footnotes of how much of total revs were from that HK rev interest. We can work backwards to derive HKAMs revenues going back those same 10+ yrs"
X Link 2024-04-06T10:58Z [---] followers, [--] engagements

"Notice that in these whole 10+ years HKAMs apparent revenue growth has been a whopping 0.01%. So IMO the market is not crazy to price SLGD at such a big spread below the mergers Final Consideration target IPO price and the current discount may actually be justified"
X Link 2024-04-06T10:59Z [---] followers, [--] engagements

"@GisliEyland 🤔Maybe that's something the market is missing ie. HKAM (as a no-growth biz) may be fairly priced in but HK post-merger restructuring will be more than just HK so even if current NAV est. is right current SLGD price makes no look-through consideration of "Member Corps""
X Link 2024-04-07T01:23Z [---] followers, [--] engagements

"@GisliEyland Ah you're right on this. IDK why but I took another look at the doc after you brought up the member corp.s and my brain read "Post-" rather than "Pre-Closing Restructuring""
X Link 2024-04-07T21:22Z [---] followers, [--] engagements

"Huh. $FRMO just changed from Pink Current to Pink Limited. Not for the first time either; wonder what that's about"
X Link 2024-04-24T05:26Z [---] followers, [---] engagements

"@Barry59700119 @ragingbullcap "Convinces a critical mass of people" is a big lift and kinda applies to anything whose value is from network effects (eg. MySpace). Note Bitcoin is opensource so new ideas for any BTC2 could be soft- or hard-forked and owners of BTC would still benefit (tho counter eg= LTC)"
X Link 2024-05-16T21:43Z [---] followers, [--] engagements

"$SMLR 📈 [--] buying BTC doesnt really make sense. If they bought $100MM of $BRK assets didnt magically +22%. Bad sign [--] actual biz growth outlook. If I still held shares Id sell whatever pro rata amount of recent gains (maybe more) & just buy more $IBIT. https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html"
X Link 2024-05-30T11:12Z [---] followers, [---] engagements

"@Calvsams @ActiveInvesting Good point. I see it as an annoying liability they inherited as part of the deal. I actually kinda like that Stahl is honoring a handshake agreement but I would hope hed reevaluate it in light of what I mentioned on the call re their CEOs history that I think he was unaware of @ActiveInvesting Legally no but there was apparently an informal agreement that it would not be sold w/out permission from previous mgmt (ie. Russell Cleveland). Maybe MS and Cleveland can have a conversation soon See my submitted Q on this @ 00:49:16 in the FRMO CC here:"
X Link 2024-06-10T19:20Z [---] followers, [--] engagements

"@ActiveInvesting @Calvsams Re. the illiquidity I'd note that the fund (w/ it's CEF structure) was specifically set up to hold Stahl/HK's illiquid (Urbana) or PE (MIAX DS BLA) ideas. Prefer they'd do rights offerings only once had deals to do; maybe HK POV is it reduces flexibility to jump on deals idk"
X Link 2024-06-10T20:20Z [---] followers, [--] engagements

"@david_katunaric For index funds to be price makers isn't it not really about AUM so much as about the fund's trading volume from share creation/redemptions (which is apparently quite small) Eg see or Anything wrong or missing w/ these args https://corporate.vanguard.com/content/dam/corp/research/pdf/a-drop-in-the-bucket-indexings-share-of-u.s.-trading-activity-us-isgindx_032019_online.pdf https://rationalreminder.ca/blog/2020/1/31/there-is-no-such-thing-as-an-index-fund-bubble"
X Link 2024-07-16T22:19Z [---] followers, [---] engagements

"Bit of info of interest (from $FNV '23 annual report MD&A '24 Asset Handbook and an April [----] mapping of LatAm relative political risk from International Institute for Strategic Studies): going down FNV's list of largest to smallest LatAm precious metals revenue contributors Thoughts on Franco Nevada $FNV. A good way to add gold exposure to a portfolio while still receiving cashflows and I think is still a good deal atm (even if Cobre never reopens) based on some simple assumptions. (See profile link) https://t.co/7dyZw7I2sJ Thoughts on Franco Nevada $FNV. A good way to add gold exposure to"
X Link 2024-07-20T23:52Z [---] followers, [---] engagements

"Id think theres a case that infinity immigrants (that dont respect the host culture) and soft-on-crime D policies create the exact opposite environment for cat ladies to safely let their companion out in the afternoon or to go and feed the strays at night. They could be allies This is a notable area in which too-online conservatives are out of touch with mainstream American opinion. The right isn't winning any rhetorical victories by constantly yammering about (and projecting their own personal insecurities onto) career-driven single "cat ladies." This is a notable area in which too-online"
X Link 2024-07-27T10:46Z [---] followers, [--] engagements

"@magills_ @Babygravy9 Theres nothing wrong with this img. Also cat ladies should vote for a world where they can safely go out at night and feed the strays w/out those strays having been killed and cooked by 3rd-worlders or crackheads & w/out those ladies getting robbed or stalked back to their apts"
X Link 2024-07-28T10:09Z [---] followers, [--] engagements

"For some info on the Horizon Kinetics Equity Opportunities Fund (which FRMO does not own a stake in) you can see the attached docs in this old [----] letter from Santa Monica Partners Lawrence Goldstein: https://irp.cdn-website.com/cfd0d660/files/uploaded/ltp-2018-q1.pdf https://irp.cdn-website.com/cfd0d660/files/uploaded/ltp-2018-q1.pdf"
X Link 2024-08-08T03:33Z [---] followers, [---] engagements

"@whatifalthist What about only people whose total net worth however large or meager was able to match or beat core inflation over the intervening 4yr period everyone else gets a 1/2 or 1/4 vote. Reset benchmark after each election. Charitable donations dont detract"
X Link 2024-08-16T05:42Z [---] followers, [--] engagements

"Seeing a lot of Lana del Ray boyfriend discussion on my feed right now"
X Link 2024-08-31T03:43Z [---] followers, [---] engagements

"$GEO founder/Chairman recently upped their holdings bigly at prices not too far from where were at right now"
X Link 2024-08-31T23:30Z [---] followers, [---] engagements

"Prediction markets have Trump at a 49% chance to win the presidency ($GEOs external tailwind bull case) so you can paste that into your Kelly ratios and size appropriately"
X Link 2024-08-31T23:30Z [---] followers, [--] engagements

"My simple PT is a 40% discount to mgmt's own estimated NAV of $45 (to account for any actual liquidation of such niche assets); $27/sh. Simple upside probability is 49% chance of Trump win x 80% chance on con't.ed successful execution of deleveraging == 40% bull case probability"
X Link 2024-08-31T23:30Z [---] followers, [--] engagements

"Even if Trump doesnt win WH in November I think $GEO's future looks fine as deleverage strat. has been playing out well and mgmt is talking about returning capital to shareholders by [----] (though the B/S improvements kinda already count insomuch as they raise distributable EPS)"
X Link 2024-08-31T23:30Z [---] followers, [---] engagements

"Kinda thought the range would get narrowed down by the time the proxy was released but apparently $PMD BoD wants shareholders to vote to really just give them that much leeway to decide final reverse split ratio. https://www.sec.gov/Archives/edgar/data/806517/000117184324005036/0001171843-24-005036-index.html $PMD going private @ $2.35. Time to lock in or cash out. "Reverse stock split will be between 1-for-4000 and 1-for-6000 . outstanding common stock in an amount less . would be cashed out at a price of $2.35 per share for their fractional shares" https://t.co/PQSWkaJkF0"
X Link 2024-09-03T22:51Z [---] followers, [---] engagements

"The comps-TX analysis is interesting for anyone owning = [----] shares though excluding [----] and just using the 2023+ TXs (to factor in only the current interest rate env) I get something lower highs like. https://www.sec.gov/Archives/edgar/data/806517/000117184324005038/0001171843-24-005038-index.html https://www.sec.gov/Archives/edgar/data/806517/000117184324005038/0001171843-24-005038-index.html"
X Link 2024-09-03T22:51Z [---] followers, [--] engagements

"@WGitzels @ragingbullcap Thought letter was rather heavy on rosey implication and context-less numbers TBH. A lot more time spent on why the-current-thing might finally stop working (here big tech). Always interesting to hear Stahl's thoughts on things but not a lot of operational talk in this one"
X Link 2024-09-05T22:26Z [---] followers, [---] engagements

"What gets measured gets managed. In this case what seems to be/have been the main measurement was (maximizing) money spent/earmarked. (Though TBF I wonder how the uncertainty around the short-term life cycles of the funding grants affects planning/budgeting for these projects). [--] billion dollars down the drain https://t.co/JT8tsc7CRH [--] billion dollars down the drain https://t.co/JT8tsc7CRH"
X Link 2024-09-22T21:29Z [---] followers, [---] engagements

"When looking for companies that are hated or being sold for non-economic reasons what's happened with $GEO seems like a pretty good example of what one would be looking for"
X Link 2024-10-10T22:10Z [---] followers, [---] engagements

"I'd guess on even a quantitative level $GEO screens poorly for non-economic reasons as well. TIKR data (which uses S&P Capital IQ) is very incomplete: i/s data only starts @ EBT line; b/s missing many items (even AR); cfs missing capex asset sales debt issue & repay et al"
X Link 2024-10-13T21:54Z [---] followers, [---] engagements

"Some thoughts on $GEO and how the private prison & electronic monitoring operator could do just as well under a Kamala admin as under a Trump one. (See profile link)"
X Link 2024-10-19T22:45Z [---] followers, [----] engagements

"Since the time I originally wrote the article in the beginning of [----] $FNV stock has gone up 26% from $105/sh to $133/sh right about where I had initially valued the biz. Thoughts on Franco Nevada $FNV. A good way to add gold exposure to a portfolio while still receiving cashflows and I think is still a good deal atm (even if Cobre never reopens) based on some simple assumptions. (See profile link) https://t.co/7dyZw7I2sJ Thoughts on Franco Nevada $FNV. A good way to add gold exposure to a portfolio while still receiving cashflows and I think is still a good deal atm (even if Cobre never"
X Link 2024-11-01T01:25Z [---] followers, [---] engagements

"However this rise has primarily been due to the rise in gold prices to ATHs YTD (33%) rather then any significant progress on re-opening Panama Cobre. (Which for reasons mentioned in the post I still think is more likely to happen than not)"
X Link 2024-11-01T01:25Z [---] followers, [---] engagements

"@VulmearJ45663 They complained about the Biden-Harris admin in nearly every earnings call since [----]. Too bad most recent call recording on their IR page (where CEO goes off about Seeking Alpha anons) is oddly cutoff early. I thought it was funny; definitely gave off "welcome to OTC land" vibes"
X Link 2024-11-13T03:09Z [---] followers, [--] engagements

"Every barrel that you use up that comes from somebody else is one less barrel of your own precious oil which youre going to need to feed your people and maintain your civilization. Charlie Munger Trumps policy of using/wasting US hydrocarbons as quickly as possible will send the US back more quickly to 1970s-2010 when needed to import oil. A lack of management of resources will send US into a blind panic when production peaks. US already suffers massive energy paranoia Trumps policy of using/wasting US hydrocarbons as quickly as possible will send the US back more quickly to 1970s-2010 when"
X Link 2024-11-18T09:47Z [---] followers, [--] engagements

"$FNV In a recent interview the new Panamanian President Jose Raul Mulino seems to be positioning his admin for a political justification for re-opening the Cobre mine in [----]. However this rise has primarily been due to the rise in gold prices to ATHs YTD (33%) rather then any significant progress on re-opening Panama Cobre. (Which for reasons mentioned in the post I still think is more likely to happen than not). However this rise has primarily been due to the rise in gold prices to ATHs YTD (33%) rather then any significant progress on re-opening Panama Cobre. (Which for reasons mentioned"
X Link 2024-11-27T03:14Z [---] followers, [---] engagements

"Mulino frames the mine closure as a result of political incompetence of the previous admin rather than fundamental issues with the mine (claiming that the mine paid the price for accumulated national discontent) which could set the stage for revisiting the decision"
X Link 2024-11-27T03:14Z [---] followers, [--] engagements

"In the same interview he also highlights the issues with balancing Panamas social security funding which would obviously benefit from a re-opening of the mine which was 5% of Panamas GDP the largest single contributor in the country just behind the Panama canal"
X Link 2024-11-27T03:14Z [---] followers, [--] engagements

"The President is promising an international audit of the mine (ie. conducted by experts that may be less influenced by Panamanian social sentiment) that could provide the social proof to address public concerns around the extent of Cobre's environmental impact"
X Link 2024-11-27T03:14Z [---] followers, [--] engagements

"If this plays out as expected and Cobre Panama is re-opened Id wager that $FNV hitting $155 before the end of [----] is totally reasonable given current gold prices for a present CAGR of around 26% (basically just gaining back the value it lost after the mine closure)"
X Link 2024-11-27T03:14Z [---] followers, [--] engagements

"$GEO Up around 90% since my original post and Trump not even sworn in yet. The company's capital structure is much improved with leverage ratios lower than they've been in over [--] years and is now in a better position than it's ever been from a government environment standpoint Some thoughts on $GEO and how the private prison & electronic monitoring operator could do just as well under a Kamala admin as under a Trump one. (See profile link) https://t.co/TWvSndJr1r Some thoughts on $GEO and how the private prison & electronic monitoring operator could do just as well under a Kamala admin as"
X Link 2024-11-27T23:03Z [---] followers, [----] engagements

"On 2024Q3 call Chair Zoley thot Trump admins aggressive stance on immigration could mean co looking at "a potential 2x'ing of all our services whether its in the detention segment in the transportation as well as ISAP program looking at March as the additive funding""
X Link 2024-11-27T23:03Z [---] followers, [--] engagements

"Stocks prev ATH of $30 may just be a reasonable floor for [----] if Trump admin is actually able to get all the funding from Congress they want for their immigration policy. Pie-in-the-sky PT at this point is $45 in 3yrs (tho I've not added to my already significant position)"
X Link 2024-11-27T23:03Z [---] followers, [--] engagements

"$GEO looks to be exiting survival mode and gearing up for potentially unprecedented future growth opportunities. CEO Evans who served from Jan [--] [----] announced that he would be retiring Dec 31; just 1yr in the role. He is being replaced by J. David Donahue on Jan [--] [----]. $GEO Up around 90% since my original post and Trump not even sworn in yet. The company's capital structure is much improved with leverage ratios lower than they've been in over [--] years and is now in a better position than it's ever been from a government environment standpoint https://t.co/Z9AZEVWWuB $GEO Up around 90% since"
X Link 2024-12-17T11:21Z [---] followers, [---] engagements

"Evans experience was primarily in finance (he was GEOs CFO from [----] to 2023). Donahue (who $GEO is bringing out of his [----] retirement in order to fill the CEO role) was more focused on operations and the company"
X Link 2024-12-17T11:21Z [---] followers, [--] engagements

"To me it seems like $GEO appointed Evans in [----] for his financing experience as company faced an uncertain future and needed someone to keep the ship solvent and work on debt mgmt"
X Link 2024-12-17T11:21Z [---] followers, [--] engagements

"W/ Trump's [----] win seems $GEO is swapping CEOs for someone with more operational experience as operations will be heating up bigly in [----]. Additionally $GEO promoted a former ICE COO Daniel Ragsdale as SVP for Contracts further hinting at heightened focus on ICE opportunities"
X Link 2024-12-17T11:21Z [---] followers, [--] engagements

"Company also announced a $70MM investment in expanding capacity for ICE-related services while also exploring the sale of under-performing state-owned facilities; again emphasizing the company focus on upcoming ICE operations"
X Link 2024-12-17T11:21Z [---] followers, [--] engagements

"Stephen Miller Trumps deputy chief of staff is predicting that Republicans in Congress could get a budget reconciliation bill (which only requires a simple majority vote (and Republicans now control all of Congress)) to Trumps desk by the end of January or early February"
X Link 2024-12-17T11:21Z [---] followers, [--] engagements

"While the idea of Trump being very good for $GEO is not new these concrete actions show co's confidence in getting Congressional funding and passing legal challenges as they are going beyond generalized commitments and making strategic exec appointments + investments/divestments"
X Link 2024-12-17T11:21Z [---] followers, [---] engagements

"I was asked about Kamins latest selling activity of $PMD ( now $PMDI ) in recent Form [--] filing. If my interpretation of the footnotes is correct it looks like Kamin sold some amount of shares back to co. as he ended up buying more than originally estimated would be required. Psychemedics Corp: Hair today sold tomorrow. $PMD Quick idea to ride along a going-private nanocap bet-the-jockey investment. (Link in bio) https://t.co/KttRoETzsq Psychemedics Corp: Hair today sold tomorrow. $PMD Quick idea to ride along a going-private nanocap bet-the-jockey investment. (Link in bio)"
X Link 2024-12-19T02:45Z [---] followers, [---] engagements

".following the final determination of the purchase price required to purchase fractional shares in the Issuers recently completed reverse stock split. (ie. 3K bought more than needed to buy out the fractional shares expected in the recent split)"
X Link 2024-12-19T02:45Z [---] followers, [--] engagements

"Note that even after accounting for this sale Kamin has still nearly tripled-down on his pre-split position (which was originally bought at much higher costs basis than present prices) going from [------] shares to [-------] post-reverse/fwd-split"
X Link 2024-12-19T02:45Z [---] followers, [--] engagements

"@310Value When comparing $LB v $TPL multiples what are your thoughts on the fact that LB's revenues are 90% surface-based vs mineral rights (vs TPL's 50/50) Seems LB lacks similar call option value of oil price + finding more or new tech to extract more oil so not quite apples v apples"
X Link 2024-12-30T19:11Z [---] followers, [---] engagements

"Investing in [----] be like"
X Link 2024-12-31T03:12Z [---] followers, [--] engagements

"== $4.2-$6/sh maybe less $0.45-$0.50/sh based on interim award to WOLF assuming total $3.3MM award decision + $1.6MM in legal fees and interest"
X Link 2025-01-07T20:49Z [---] followers, [--] engagements

"Multiple could end up trading even higher to reflect the enhanced cost flexibility of company getting out of the Wolfspeed exclusive supplier agreement. Co yet to file latest 10K/Q but has no debt & MRQ current assets less total liabilities leaves $3.71/sh"
X Link 2025-01-07T20:49Z [---] followers, [---] engagements

"Updated current assets would have to decrease 25% to get close to current $1.45 price here. CEO & other insiders appeared confident post-lawsuit drop that the co. was worth more than $4.80 (reverse-split-adjusted) and bought; collectively owning 25% of shares before then"
X Link 2025-01-07T20:49Z [---] followers, [--] engagements

"@LeoNelissen Thoughts re. risk to $LB's water sale prospects posed by closed-loop data center development vs evaporative ones Sales would be one-time vs recurring. Maybe charge some higher $/bbl price but still detracts from LB's water sourcing advantage. Eg. https://www.microsoft.com/en-us/microsoft-cloud/blog/2024/12/09/sustainable-by-design-next-generation-datacenters-consume-zero-water-for-cooling/ https://www.microsoft.com/en-us/microsoft-cloud/blog/2024/12/09/sustainable-by-design-next-generation-datacenters-consume-zero-water-for-cooling/"
X Link 2025-02-10T19:31Z [---] followers, [---] engagements

"Senate reconciliation bill reportedly to include supplemental $175bn for immigration and border enforcement to be disbursed over next [--] yrs nearly 6x latest annual budget of Customs and Border Protection and ICE combined. What might this mean for $GEO"
X Link 2025-02-24T22:21Z [---] followers, [----] engagements

"TLDR If $TPL = "ETF of the Permian" $LB = Delaware basin's trading floor. Strat. acreage + WaterBridge relation adds permit advantgs for ops. Nice assets but price assumes aggrssive grwth amid tug of war btwn Jevon's Paradox and kWh/token deflation. By my ests. attractive $55"
X Link 2025-03-07T00:00Z [---] followers, [---] engagements

"TLDR If $TPL = "ETF of the Permian" $LB = Delaware basin's trading floor. Strat. acreage + WaterBridge relation adds permit advantgs for ops. Nice assets but price assumes aggrssive grwth amid tug of war btwn Jevon's Paradox and kWh/token deflation. By my ests attractive $55"
X Link 2025-03-07T21:04Z [---] followers, [---] engagements

"$MAPS Something of interest about the (potential) WM Technology take-private (submitted by the co-founders on Dec [--] [----] is the unusual magnitude and vesting front-loading of recent RSU awards to the company CTO and General Counsel in May. https://www.sec.gov/Archives/edgar/data/1779474/000110465924129589/tm2430599d1_ex99-1.htm https://www.sec.gov/Archives/edgar/data/1779474/000110465924129589/tm2430599d1_ex99-1.htm"
X Link 2025-04-21T19:52Z [---] followers, [---] engagements

"@phira_ventures @puppyeh1 For exact links you can check the ALT description of the images but for the main source see I'm just looking at different sources to get a sense of reasonable baseline so you can also examine and https://www.lw.com/people/admin/upload/SiteAttachments/2021%2001%2012%20The%20LW%20Take-Private%20Guide%20An%20Overview%20of%20Acquiring%20a%20US%20Public%20Company.v14.pdf https://mnacommunity.com/insights/how-long-does-an-acquisition-take/ https://hl.com/insights/"
X Link 2025-06-23T22:13Z [---] followers, [--] engagements

"$IE If the Santa Cruz ends up even at just $1.4bn low end NPV est it would mean that one could buy Ivanhoe right now (mktcap=$1.26bn) at around just the value of Santa Cruz Copper Project while getting the call optionality of the Tintic BHB JV and Saudi JV projects for free"
X Link 2025-06-26T19:11Z [---] followers, [---] engagements

"(see Exhibit 99.1) https://www.sec.gov/Archives/edgar/data/1879016/000110465925061364/0001104659-25-061364-index.html https://www.sec.gov/Archives/edgar/data/1879016/000110465925061364/0001104659-25-061364-index.html"
X Link 2025-06-26T19:11Z [---] followers, [--] engagements

"Quoted: Public BLM and USFS lands potentially up for sale in proposed reconciliation bill. Posted: Heat map of locations/clusters of reported bigfoot sightings. Flush them out You like maps Left: public land potentially up for sale with the proposed budget courtesy of @BasedMikeLee Right: a heat map featuring my photography of the American West. Leave public lands in public hands https://t.co/nguzvZjdrg You like maps Left: public land potentially up for sale with the proposed budget courtesy of @BasedMikeLee Right: a heat map featuring my photography of the American West. Leave public lands"
X Link 2025-06-29T01:08Z [---] followers, [---] engagements

"Just depends on discount you want to put on the Santa Cruz NPV here so (Current mkcap) - ((Santa Cruz NPV) x (Junior discounted NPV multiple)) = Market value of remaining projects and one can decide a reasonable multiple for the project/co. and decide if that's a bargain"
X Link 2025-06-29T04:12Z [---] followers, [--] engagements

"$ALOT With the Askeladden proxy fight making some positive progress with existing CEO stepping down and changes now endorsed by the two most prominent proxy advisors decided to note some scratch work valuation on the company which Id been following since the MTEX debacle News; $ALOT AstroNova Announces Executive Leadership Change https://t.co/D1LkWIDI1J @grok whats the finance card for the last [--] days of trading for $ALOT News; $ALOT AstroNova Announces Executive Leadership Change https://t.co/D1LkWIDI1J @grok whats the finance card for the last [--] days of trading for $ALOT"
X Link 2025-06-30T20:55Z [---] followers, [---] engagements

"At current share price of $11.60 a 10x EBIT multiple applied to the T&M (airborne printers) segment means that the market is thus valuing the PI segment (industrial printers) at 1.7x EBIT"
X Link 2025-06-30T20:55Z [---] followers, [--] engagements

"1 I think that the TM business is an above average biz model (multi-year cert. and qualification reqs for specific airborne printers for specific aircraft = barriers to entry and customer switching); should be trading at or above the avg S&P [---] and 1000's EV/EBIT"
X Link 2025-06-30T20:55Z [---] followers, [--] engagements

"$GEO GEO Group update W/ passage of Trumps OBBB gov will be sending $150bn additional ICE/CBP funding (over the next 4yrs); $45bn for detention $30bn for deportations $6.2bn for border tech. IDK if the latter will trickle to ATD but GEO will certainly benefit from the rest. Some thoughts on $GEO and how the private prison & electronic monitoring operator could do just as well under a Kamala admin as under a Trump one. (See profile link) https://t.co/TWvSndJr1r Some thoughts on $GEO and how the private prison & electronic monitoring operator could do just as well under a Kamala admin as under"
X Link 2025-07-04T20:52Z [---] followers, [----] engagements

"ICE has a target of 100K+ detention beds w/ a current gap of [-----] beds it needs to find. $GEO has been working to make more of their facilities available for this purpose since start of [----] and even at full capacity would not put much of a dent in ICEs new mandate and wallet"
X Link 2025-07-04T20:52Z [---] followers, [--] engagements

"I look at owning $GEO as de-risking from the normal business cycle (which saw significant uncertainty during Trumps 1st term and looks set to do so as well during his 2nd) but what you get instead is direct exposure to rather contentious political risk"
X Link 2025-07-04T20:52Z [---] followers, [--] engagements

"I think its an interesting form of diversification but Id also like management to really make hay while the sun is shining here"
X Link 2025-07-04T20:52Z [---] followers, [--] engagements

"Thoughts on the $ENVX warrant dividend @WagieCapital @BeeliCapital Alt: existing holders might just exercise & hold to maintain pro-rata stake + avoid dilution getting the shares at a "discount". Really all seems more like a rights offering disguised as a div (even the immediate expiry window given the price makes it more like a rights offer) @WagieCapital @BeeliCapital Alt: existing holders might just exercise & hold to maintain pro-rata stake + avoid dilution getting the shares at a "discount". Really all seems more like a rights offering disguised as a div (even the immediate expiry window"
X Link 2025-07-11T14:39Z [---] followers, [---] engagements

"@Eli922545214626 I doubt it. CoreCivic will probably get good amount and ICE can contract with states for beds as well (eg. Floridas "Alligator Alcatraz") and (unless there are facilities or investments yet to be disclosed (possible)) $GEO simply does not have the capacity to service all of that"
X Link 2025-07-11T20:54Z [---] followers, [---] engagements

"I have mixed feelings on uplisting tho many seem to want it. Any price boost from uplisting has nothing to do w/ fundamentalops of the biz (and I think most holders of this particular co don't really wish it were more "tradable"). IMO buybacks or divs would be more "real""
X Link 2025-07-14T19:54Z [---] followers, [---] engagements

"@acorn_capital Thing is simple multiple expansion still is not "real" so IDK why Stahl would care for it (maybe planning liquidity for his kids' charitable trust stake). Alt. ways to reward shareholders could be: new PE investments tender offer transferable long-dated warrant "dividend""
X Link 2025-07-14T23:03Z [---] followers, [--] engagements

"With the GENIUS Act the US has just created a huge new source of demand for USTs linked to stablecoin/crypto (ie. $BTC) demand. US now has a direct interest in BTC attracting new $ (for better or worse depending on how you view BTC adoption "success mode"). JUST IN: US House has just passed the crypto genius bill Traders forecast Bitcoin to go as high as $149K this year https://t.co/i48Ix5cd4n JUST IN: US House has just passed the crypto genius bill Traders forecast Bitcoin to go as high as $149K this year https://t.co/i48Ix5cd4n"
X Link 2025-07-18T19:33Z [---] followers, [--] engagements

"The thing to note here is that the USG doesn't want BTC (eg. accepting $BTC for taxes) they want others to want BTC. Meanwhile stablecoin issuers are not allowed to pass yield thru to holders despite now being required to have 1:1 UST backing per stablecoin unit"
X Link 2025-07-18T19:33Z [---] followers, [--] engagements

"Why no yield IMO likely just to protect trad bank margins that are (relatively) more likely to be used to fund "real"/productive activities (certainly more than stablecoins at the moment) and"
X Link 2025-07-18T19:33Z [---] followers, [--] engagements

"IMO crypto is being set up as a blackhole / slot machine that feeds directly into UST funding. (BTW pretty sure it's much easier to go from USD to stablecoin vs other way around)"
X Link 2025-07-18T19:33Z [---] followers, [--] engagements

"Further yields likely become more linked to crypto demand == more rate volatility PRO-CYCLICAL at that. $CME interesting holding for this reason (in addition to their crypto futures + commod vol tailwind already from Trump tariff wars and coincident geopol resource conflicts)"
X Link 2025-07-18T19:33Z [---] followers, [--] engagements

"Some quick observations from $MIAX IPO prospectus. [--]. MIAX has been paying for order flow via cash AND ERPs to members (also major MIAX shareholders). If MIAX's tech was meaningfully superior vs incumbent "legacy systems" why need to give away the co. to get people to use it Technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies Miami International Holdings Inc. filed for #IPO on the #NYSE. Link to $MIAX S-1: https://t.co/OmxqTAq710 https://t.co/j7w2M1phIt Technology-driven leader in building and operating regulated"
X Link 2025-08-07T02:32Z [---] followers, [----] engagements

"It's an interesting attempt to align incentives but I wonder if this dilution would continue post-IPO and how order flow would change w/out any new ERPs for members. (Note that these ERPs have been ongoing since the exchange was founded up until the recent IPO announcement)"
X Link 2025-08-07T02:32Z [---] followers, [--] engagements

"2. [----] EPS [--] seems to have been due to a one-time windfall sale of unlocked Pyth tokens (earned from BSX feed of market data to DeFi Pyth network). W/out this op. income thru 2023-2024 is negative. (2022 op. income small w/ net income largely inflated due to ERP markdown)"
X Link 2025-08-07T02:32Z [---] followers, [--] engagements

"Some quick observations from the $MIAX IPO prospectus. (link in bio). Some quick observations from $MIAX IPO prospectus. [--]. MIAX has been paying for order flow via cash AND ERPs to members (also major MIAX shareholders). If MIAX's tech was meaningfully superior vs incumbent "legacy systems" why need to give away the co. to get people to use it Some quick observations from $MIAX IPO prospectus. [--]. MIAX has been paying for order flow via cash AND ERPs to members (also major MIAX shareholders). If MIAX's tech was meaningfully superior vs incumbent "legacy systems" why need to give away the"
X Link 2025-08-13T20:03Z [---] followers, [----] engagements

". and (hopefully) comes with a DoD/DoW solvency put (iff $AREC can continue to prove commercial scalability of ReElement REE refining/separation tech (already producing and scaling w/ their tech so things appear directionally positive)). https://x.com/stevehou0/status/1976715639311016258 China doesnt dominate the mining of rare earth elements which are not really rare. China absolutely dominates the refining capacity of REE. https://t.co/vcDaQ1KQ8E https://x.com/stevehou0/status/1976715639311016258 China doesnt dominate the mining of rare earth elements which are not really rare. China"
X Link 2025-10-10T19:39Z [---] followers, [---] engagements

"@cory_eth FRMO Corp wins the code golf (95 lines to BRK's 150) and has a real devs working on their site. Keep the old [----] header code from the original name the company had when the founders bought it as commented lines just in case --then never delete b/c "why didn't the last guy🤔""
X Link 2023-01-19T23:01Z [---] followers, [----] engagements

"$FRMO Murray Stahl stepping down as Chairman while remaining CEO first for RENN CEF $RCG and now $FRMO. Either he's prepping to retire (he's [--] now but stated has no desire to leave in the recent past) or they're finally getting ready to uplist FRMO (fitting NASDAQ guidelines). NEWS: $FRMO FRMO Corp. Announces New Board Chairman https://t.co/v1Ig2wvsEs Follow for daily #StockNews @grok please provide the finance card for $FRMO NEWS: $FRMO FRMO Corp. Announces New Board Chairman https://t.co/v1Ig2wvsEs Follow for daily #StockNews @grok please provide the finance card for $FRMO"
X Link 2025-07-14T19:54Z [---] followers, [----] engagements

"$FRMO Recent FY2026Q1 report shows Stahl's ownership jumping 12% YoY; significant vs tiny / non-existent past base rate accumulation. Meanwhile Bregman's stake cont. large gradual decline. Wonder why co-founder cont. to sell (beyond disclosed FRMO repo of his 20K shares in 2020)"
X Link 2025-12-18T21:23Z [---] followers, [---] engagements

"My general diagram of value factors that contribute to $OTCM success; am I missing anything major Misunderstanding anything Anything in particular that should be of special focus long-term"
X Link 2023-05-17T07:29Z [---] followers, [----] engagements

"RENN Fund $RCG mgmt and directors are now buying along side Murray Stahl's regular DCA'ing (and my own); kinda doubt this was just in anticipation of $FTLF's uplisting application. Any Stahl stans or $RCG shareholders have any thoughts on what's behind the widening NAV discount"
X Link 2023-06-21T20:36Z [---] followers, [----] engagements

"$RWWI holders and Kaminites what's so good about the biz exactly Kamin as chair or is it just great 2b any ADSK reseller What causes the cash on the B/S to fluctuate so greatly btwn years (Disclosure quite terse until 2020; I assume 15c2-11 is to thank for current state)"
X Link 2023-06-25T21:02Z [---] followers, [---] engagements

"@Adam_Wyden I see; 16x '24 EBITDA $950MM = $15.2bn marketcap; @ 278MM FSDO = $55; discounted back a yr 11% = $50 From simple DCF w/ existing ests I'd guess $30 FV TBH no big thots on FV; simply DCA'd into the stock @ the [----] lows based on the short-maturity econs et al + EBITDA yield v FFR"
X Link 2023-07-08T23:26Z [---] followers, [--] engagements

"I'd own even more shares if Stahl were [--] years younger and they actually gave out a dividend (the latter is a personal preference I suppose but I don't like depending on MrMarket). As it stands he's [--] and I think about that a lot"
X Link 2023-07-25T12:12Z [---] followers, [---] engagements

"Was hoping to hold this asset-light cashflow'er for the longterm but it looks $SCPL is going (back) to the not-so-capital-light wishy-washy mgmt of $LNW (tho for a nice 2x premium to it's initial post-spinoff lows). Fellow $SCPL shareholders thoughts https://www.businesswire.com/news/home/20230808442131/en/ https://www.businesswire.com/news/home/20230808442131/en/"
X Link 2023-08-08T22:05Z [---] followers, [---] engagements

"$CRMZ An interesting idea though I find it odd their own CRM sample report on themselves lacks any data until 3Q2013 despite the fact that they've been filing 10Ks since [----] and 10QSBs since [----]. Just something that makes me go🤔 but maybe I'm reading too much into things"
X Link 2023-09-06T20:26Z [---] followers, [---] engagements

"If $OTCM really wanted to stimulate retail trading on the platform they'd add more resolution beyond price metrics to their own screener; it's not like they don't have the data extracts. TIKR uses S&P Capital IQ and doesn't even have up-to-date data for Pink Currents like $ITEX"
X Link 2023-12-28T09:47Z [---] followers, [---] engagements

"Interestingly $RCG changed the way they value MIAX in their most recent [----] annual report from Precedent Transaction (starting in 2021) to DCF method (w/ a maturity input of 6.5yrs). 🧐 https://horizonkinetics.com/app/uploads/RENN_AR_2023.pdf @WGitzels @chigrl "In [----] I think hardly any companies came public since it was just a horrible environment to do so. It's much more logical to come public in a better environment which well eventually have in due course." That was one of my questions in that conference call transcript BTW. https://t.co/MQyov7Z9hH"
X Link 2024-06-29T10:09Z [---] followers, [---] engagements

"Scotts Liquid Gold $SLGD is now officially Horizon Kinetics Holding Corporation $SLGDD with the merger and 1-for-20 reverse split officially completed. The associated 8K filing today also includes an update on consolidated financials for HKHC. https://www.sec.gov/Archives/edgar/data/88000/000095017024092922/0000950170-24-092922-index.htm A thought for my fellow Stahl stans on why $SLGD shares are probably fairly valued (or at least not based on unreasonable assumptions) at their current range around $0.85/sh despite the Horizon Kinetics merger's targeted $1.25/sh "IPO" price spread. (See"
X Link 2024-08-08T03:33Z [---] followers, [---] engagements

"This is not the kind of 8K I meant when I said I was waiting to see any notable moves/8Ks from the new $CRMZ CEO. https://www.sec.gov/Archives/edgar/data/315958/000114036124043034/ef20036707_8k.htm https://www.sec.gov/Archives/edgar/data/315958/000114036124043034/ef20036707_8k.htm"
X Link 2024-10-08T19:19Z [---] followers, [---] engagements

"$CTHR Would it be crazy to think the stock should trade back to pre-lawsuit (July [--] 2023) valuations of 1.5x NCAV and 0.60x TBV after 84% fall now that suit is resolved at just a fraction of the liability https://ir.charlesandcolvard.com/news-releases/news-release-details/charles-colvard-ltd-receives-interim-award-wolfspeed-arbitration https://www.sec.gov/Archives/edgar/data/1015155/000110465924127622/0001104659-24-127622-index.html https://ir.charlesandcolvard.com/news-releases/news-release-details/charles-colvard-ltd-receives-interim-award-wolfspeed-arbitration"
X Link 2025-01-07T20:49Z [---] followers, [---] engagements

"Playing with a simple model Id up base case PT (if the recon. pkg amount is passed) to $32. Assumes $GEO contracted for a similar proportional share of Homans 100K requested additional beds as their detention ops usually are of ICEs custody ops budget line (consistently 60%)"
X Link 2025-02-24T22:21Z [---] followers, [---] engagements

"Revised down assumptions for what I think is a more realistic est. of $GEO's detention segment share of ICEEROCustody Ops budget (24-26%). Would put base case at $27 to $33 (depending on ISAP ATD participation) with bull case at $44 (again depending on ATD "call option"). Senate reconciliation bill reportedly to include supplemental $175bn for immigration and border enforcement to be disbursed over next [--] yrs nearly 6x latest annual budget of Customs and Border Protection and ICE combined. What might this mean for $GEO. Senate reconciliation bill reportedly to include supplemental $175bn for"
X Link 2025-02-26T04:15Z [---] followers, [--] engagements

"@j16425646 Consider that $GEO has been focused on debt and returning capital; made only single $4MM acquisition since [----]. Slump in EM biz due to ICE budget squeeze in '24 should turn once the "BBB" gets thru Congress. Full diluted $SPCB @ [--] == 5% of GEO EV so not crazy but not nothing"
X Link 2025-06-09T20:49Z [---] followers, [---] engagements

"@AndrewRangeley What are your general thoughts on Stahl and $FRMO Especially given that most of its book value appears to be mostly just 50% $TPL 15% $GBTC and 20% cash"
X Link 2021-12-14T03:44Z [---] followers, [--] engagements

"Rather than reply I think a thread easier. IDK how much detail u were interested in (+ mgmt said they were going to do the missed Qs later anyway) but here were my Qs for @HorizonKinetics mgmt (re. the [----] $FRMO CC) (W/ links that elaborate on my concerns better than myself)"
X Link 2022-09-14T06:52Z [---] followers, [--] engagements

"@theretailbull Thoughts on the $GBTC issues given that 15% of $FRMO's TBV (and a good chunk of Horizon Kinetics funds) are made up of $GBTC units Genesis is GBTC's clearing house. Genesis needs [--] Billion by Monday. If they don't get it they could be done. Per trust documents GBTC could be liquidated if their clearing house is impaired. There is a good chance GBTC trading will be halted next week. Genesis is GBTC's clearing house. Genesis needs [--] Billion by Monday. If they don't get it they could be done. Per trust documents GBTC could be liquidated if their clearing house is impaired. There"
X Link 2022-11-20T00:06Z [---] followers, [--] engagements

"For all the people following me because we had some interesting discussion re. $FRMO $TPL #HorizonKinetics or Murray Stahl at some point: This 👇 may be of use to you as the book is not available as a Kindle or other digital edition online"
X Link 2023-02-01T04:46Z [---] followers, [----] engagements

"Much of the #HorizonKinetics / $FRMO thesis on BTC seems to be based on Hayek's "Denat'l. of money" + Gresham's Law yet in ch6 Hayek notes that this "applies only if a fixed rate of exchange between the different forms of money is enforced by law."🤔 https://nakamotoinstitute.org/static/docs/denationalisation.pdf https://nakamotoinstitute.org/static/docs/denationalisation.pdf"
X Link 2023-02-16T03:24Z [---] followers, [---] engagements

"Sell-based divs aren't even always possible if the "yield" from a buyback price of ur stake. (As well more work on your part). An acct would need $137K of $TPL to "selloff" the yield if div was rolled into BB ($1.37K/sh 1% yield); quite a concentration even for a $1MM folio"
X Link 2023-07-16T05:10Z [---] followers, [---] engagements

"Unless the owner-ops aren't getting paid either (as the case with $FRMO or $BRK) I prefer a qualified or special div vs selling shares. (I'd also note that --I recall-- most of Buffett's income comes not from his BRK salary but from a separate $1bn portfolio of div stocks)"
X Link 2023-07-16T05:10Z [---] followers, [---] engagements

"@alluvialcapital One of my larger holdings is $FRMO (Financial Risk Management Organization. Corp) does that count😅"
X Link 2023-07-19T01:22Z [---] followers, [---] engagements

"$FRMO is my chosen BTC "fund" and has been DCA'ing into BTC bizs across the value chain since [----] to build a vertical yet modular BTC biz all w/out any exec compensation. My diagram of how I think the ops work together: (They don't "own" $WELX yet but pretty sure they plan to)"
X Link 2023-07-25T11:47Z [---] followers, [----] engagements

"(Note that HM Tech is not $FRMO's only rig host just their "default" & fallback). (I'm also not 100% to what extent monitoring equipment for $FRMO CMSC and HMT's mining ops is source specifically from $WELX but I'd be surprised if Stahl isn't 'eating his own cooking' here)"
X Link 2023-07-25T11:47Z [---] followers, [---] engagements

"BTW $FRMO's in-house repair biz (extending existing older rigs) DCA cap. allocation strat. and lack of dollar debt in their ops (avoiding tying timed USD obligations to BTC mine-&-HODL ops) resulted in their biz coming out of the [----] "crypto winter" basically unscathed"
X Link 2023-07-28T00:52Z [---] followers, [---] engagements

"@johnchew5 Well $FRMO themselves kinda fill that role. You could also go with $WELX which is basically HK controlled and mines through them; CEO Houk is an HK employee. + the gox claims Most pureplay to what youre looking for would be CMSC thats supposed to list on OTCQX later this year"
X Link 2023-07-29T21:33Z [---] followers, [---] engagements

"@simcox_gm Per the Q2FY23 call seems like regardless how far along the operating biz transition they get post-S&B its not $WELX CEO Houk (eg. via control + merger) etc but some non-HK manger Stahl explicitly has no influence over. Bet Santa Monica Ptrs came up (Goldsteins on the BoD)"
X Link 2023-07-30T05:19Z [---] followers, [---] engagements

"$FRMO is the most responsibly managed and diversified (and management-aligned) $BTC no-fee fund I can think of and were one of the only public miners to come out of the [----] crypto winter w/out any greater BK risk. A post for my fellow shareholders. http://tiny.cc/9jm9vz http://tiny.cc/9jm9vz"
X Link 2023-08-05T01:25Z [---] followers, [----] engagements

"I get there's a NAV discount on the fund that covers that + a few pps; actually I wonder how much of that is due to the $APYX position and any implications it suggests about the fund's mgmt Current discount is 15% and $APYX position is 12% == 3pps added mismgmt risk discount"
X Link 2023-08-12T04:25Z [---] followers, [---] engagements

"Asking about all this at the [----] $FRMO annual meeting apparently HK made an agreement w/ previous mgmt when they took over the fund that they would not sell $APYX; That wasn't in any filings I could find. Why So odd. $RCG's discount is a lot more understandable now IMO. 🫠"
X Link 2023-09-09T03:18Z [---] followers, [---] engagements

"Just finished listening to the [----] $FRMO call. Per the Qs re. uplisting et al from fellow shareholders I'd just like to say: I don't care about PRICE appreciation; I care about longterm YIELD-on-cost. And I believe you should too. FCF is something S&B can actually control BTW Hot take: $1 of Dividends $1 of Buybacks. Imagine owning $1MM in stocks etc & still relying on ur dayjob to cover ur Costco card & groceries.🧐 As a regular guy I don't get paid just on the basis of my portfolio's AUM --number go up can sustain my spirit but not my stomach https://t.co/jYhm1QCEQe Hot take: $1 of"
X Link 2023-09-09T08:03Z [---] followers, [---] engagements

"@ActiveInvesting What do you know about the $APYX agreement I only found out about it via the recent $FRMO call (I submitted a question about Goodwin). Given that MS is buying RENN shares nearly every day from his POV the discount is probably not a big deal/negative at the moment"
X Link 2023-09-18T12:55Z [---] followers, [---] engagements

""There are only a handful of big exchanges with futures and clearing licenses. . There are more products conceivable than all the exchanges with all their technology put together can handle at the moment. It's going to be just an incredible experience." $FRMO $RCG Wow Miami Exchange Preps Trading Floor in Wynwood During Options Boom MIAX is building both a physical and electronic trading venue Options volume has soared since the pandemic lockdowns Miami International Holdings Inc. plans to operate a trading floor in its namesake city Wow Miami Exchange Preps Trading Floor in Wynwood During"
X Link 2023-11-30T06:06Z [---] followers, [---] engagements

"As BTC ETFs appear nearing approval; a quick valuation of $WELX (the no-fee self-funded buy-&-HODL BTC "ETF"). Rig PP&E multiple based on low-end P/B of other public mining cos. Electronics monitoring biz multiple accounting for apparent near-zero growth in the biz. Thots"
X Link 2023-12-29T02:19Z [---] followers, [---] engagements

"Just finished listening to the FY2024Q2 $FRMO call; glad to hear Stahl agrees w/ me on divs vs stock divs or a road-show. Better to reward sharehldrs by executing on the business to the pt. it can return $$$ (or BTC) in the longrun vs encouraging them to become ex-sharehldrs ASAP"
X Link 2024-01-17T19:23Z [---] followers, [---] engagements

"And as a $FRMO shareholder I'd be a bit delulu to ignore the odd fact that on the BITMAIN question Stahl tried to retcon and frame it as a BTC/rigs exchange rate (ultimately still TX'ed in USD) but in the [----] annual meeting when I asked about this he did specifically say"
X Link 2024-01-18T03:02Z [---] followers, [---] engagements

""It's not that we have a policy of paying for machines in Bitcoin. Manufacturers won't take U.S. dollars. They only take Bitcoin so it's not an FRMO policy decision. If you want to buy machines you're going to have to pay in Bitcoin." 🤨"
X Link 2024-01-18T03:02Z [---] followers, [---] engagements

"A thought for my fellow Stahl stans on why $SLGD shares are probably fairly valued (or at least not based on unreasonable assumptions) at their current range around $0.85/sh despite the Horizon Kinetics merger's targeted $1.25/sh "IPO" price spread. (See profile link)"
X Link 2024-04-06T10:58Z [---] followers, [----] engagements

"Looks like we're finally going to get to see what's behind $WELX's Mt Gox claims and be marking to market that rights-to-payment line. I estimate they have a look-through interest of around 60-70 BTC thru their Gox claims (tho some of the claims have 'profit share' conditions). Defunct bitcoin exchange Mt. Gox said Monday it will start to distribute assets stolen from clients in a [----] hack in the first week of July years after continually moving deadlines. By @shauryamalwa https://t.co/SlvtqO8dAI Defunct bitcoin exchange Mt. Gox said Monday it will start to distribute assets stolen from"
X Link 2024-06-24T19:54Z [---] followers, [----] engagements

"@retails_edge True tho IMO think price has gotten a bit ahead of itself. (Est.) BTC is around $2.27/sh + tiny PP&E (around $0.20/sh) + stagnant device biz I set at $1.40/sh (12x segment EPS). At current price better to buy IBIT unless BTC price stands still while $WELX continues to mine"
X Link 2024-06-24T21:31Z [---] followers, [---] engagements

"@retails_edge In the FRMO [----] annual letter Stahl estimates that the value of Winlands Mt. Gox trade claims is currently about $600000 on a conservative basis. FRMOs fiscal year ends in August/September; USD/BTC was around $10K-$12K at that time == 60BTC if being optimistic"
X Link 2024-06-24T21:42Z [---] followers, [--] engagements

"The largest contributor to HKHCs assets is their investments in proprietary funds. While the other asset are rather straightfwd in the footnotes I noticed that the filing never describes the strategies of these funds"
X Link 2024-08-08T03:33Z [---] followers, [---] engagements

"So just for a bit of added info you can find some short descriptions of them in an old post on $FRMO I made a while back as they have many of these LP investments in common. See the section link here: (Don't scroll for a few seconds after clicking) https://lemoncakesinvesting.substack.com/i/44213980/hk-lp-investments https://lemoncakesinvesting.substack.com/i/44213980/hk-lp-investments"
X Link 2024-08-08T03:33Z [---] followers, [---] engagements

"@WGitzels @ragingbullcap Also still a bit bothered by fact that despite talk of their cash "optionality" they did not finish their 51% $WELX acq. in the [----] crypto winter that their debt-free B/S gave them lots of buying opportunities for. WELX traded at a discount to net PP&E + cash + BTC at the time"
X Link 2024-09-05T22:29Z [---] followers, [---] engagements

"Another perhaps unrecognized Trump admin beneficiary $FTCO. Maybe now they can get their permits in [----] and stop having the CEO complain about Seeking Alpha anons posting bearish articles in their conference calls lol"
X Link 2024-11-12T02:12Z [---] followers, [---] engagements

"@retails_edge @SFarringtonBKC @simcox_gm On the Mt.Gox topic: They only paid $350K see Cryptocurrency-related claims in their fin statement Per FRMO [----] annual letter Stahl est. WELX Mt. Gox claims were $600K. FRMO FY ends Aug BTC was around $10K-$12K == Stahl thot that WELX had claim to 60BTC via trade claims"
X Link 2024-11-21T05:10Z [---] followers, [--] engagements

"@retails_edge @SFarringtonBKC @simcox_gm Funnily I happened to have read this stack post just yesterday. IMO a multiple on a miner implies some rate a of BTC accumulation & expected price by year n. By my SOP calcs. (w/ a = 7%/yr same as PP&E growth🤷♂) current $WELX price OK iff BTC only = $100K in 5yrs. However"
X Link 2024-11-21T05:47Z [---] followers, [---] engagements

"@retails_edge @SFarringtonBKC @simcox_gm However $IBIT seems the better buy today if one expects price to be any greater than $100K in 5yrs (which presently seems very likely) as $WELX's BTC NAV needs to overcome it's existing SOP premium (which I currently have @ 13%). noting that the legacy biz is totally stagnant"
X Link 2024-11-21T05:51Z [---] followers, [---] engagements

"$LB (LandBridge Co): An exchange trading floor in the Delaware basin"
X Link 2025-03-06T19:21Z [---] followers, [----] engagements

"$FRMO $WELX Given FRMO mgmts focus on acquiring Winland (WELX) and becoming an operating co on that acquisition one question thats always bothered me was: what's mgmt's expectation for how WELX would move the needle given the entirety of that cos marketcap is just 5% of FRMO $FRMO is the most responsibly managed and diversified (and management-aligned) $BTC no-fee fund I can think of and were one of the only public miners to come out of the [----] crypto winter w/out any greater BK risk. A post for my fellow shareholders. https://t.co/nSOH6jBkgr https://t.co/VvtW6uVtVC $FRMO is the most"
X Link 2025-04-28T20:23Z [---] followers, [---] engagements

"Thinking about this a bit more and considering more recent comments by management I think I know what they expect now"
X Link 2025-04-28T20:23Z [---] followers, [---] engagements

"Basically they look at BTC-miners as superior sat-stacking vehicles to $GBTC or other ETFs (they stopped buying once the GBTC NAV discount closed when the BTC ETFs were all approved) and they're basically just dollar cost averaging (DCA'ing) into BTC via the miner $WELX instead"
X Link 2025-04-28T20:23Z [---] followers, [---] engagements

"Note $WELX is already run by someone they trust (an HK employee Matt Houk) and small enough that they can acquire a controlling interest to determine how it will run in the future"
X Link 2025-04-28T20:23Z [---] followers, [---] engagements

"This is simply another sized-by-risk expression of FRMO's positive POV on BTC being an asymmetric high risk high reward asset that could still go exponential or go to zero. (Reporting-wise there would be significant changes but fundamentally IDK that FRMO will be very different)"
X Link 2025-04-28T20:23Z [---] followers, [--] engagements

"While 51% ownership of $WELX is currently just 2.5% of FRMO's TBV if BTC 10-100x's yet again and takes WELX along with it that's a 25-250% total "portfolio" contribution from just a 2.5% cost-basis (your personal weighing of BTC success and subsequent Kelly ratios may vary)"
X Link 2025-04-28T20:23Z [---] followers, [---] engagements

"$GEO Meanwhile Chairman and CEO are spring loading their bonus and stock comp by 50% in anticipation of OBBB trickle-down how nice for them; I'll be expecting large contract wins and imminent buybacks or dividend resumption come the August earnings call. $GEO GEO Group update W/ passage of Trumps OBBB gov will be sending $150bn additional ICE/CBP funding (over the next 4yrs); $45bn for detention $30bn for deportations $6.2bn for border tech. IDK if the latter will trickle to ATD but GEO will certainly benefit from the rest. $GEO GEO Group update W/ passage of Trumps OBBB gov will be sending"
X Link 2025-07-10T22:24Z [---] followers, [----] engagements

"Looking over a sampling of random consumer and industrial co.s seeing that rather than successful organic volume growth many biz rn not directly w/in AI/datacenter sphere --won't call it a bubble just yet-- are simply managing decline/stagnation (w/ varying degrees of success)"
X Link 2025-08-25T09:03Z [---] followers, [---] engagements

"Excuse me Mr.Chairman is this what one does in the face of "unprecedented business opportunities" Are said opportunities at different company (Not even with any tax withholding or other excuse in the footnotes) (Full disclosure: Sold out of my $GEO position in the 25-22 range) $GEO Meanwhile Chairman and CEO are spring loading their bonus and stock comp by 50% in anticipation of OBBB trickle-down how nice for them; I'll be expecting large contract wins and imminent buybacks or dividend resumption come the August earnings call. https://t.co/rqkU5lxWKG $GEO Meanwhile Chairman and CEO are spring"
X Link 2025-08-26T00:36Z [---] followers, [---] engagements

"RT @MsMelChen: In honor of Charlie I will sit under a prove me wrong tent and defend this position The content of his political *opinio"
X Link 2025-09-13T19:49Z [---] followers, [--] engagements

"Can confirm algo working overtime Let me check if my YouTube algorithm is working properly. Everything looks good ☺ https://t.co/fj95CnbYaP Let me check if my YouTube algorithm is working properly. Everything looks good ☺ https://t.co/fj95CnbYaP"
X Link 2025-10-08T18:26Z [---] followers, [---] engagements

"$AREC / $RMCO; [--] small/nanocap REE positions I've been avg'ing into @ lotto-ticket sizes. Asset-light domestic REE refining models w/ scarcity value (in terms of limited public US asset-light/royalty REE cos.) and differentiated by ability to work w/ recycled materials (vs ores) China just weaponized rare earths - again but this time globally. Beijings new MOFCOM Notice No. [--] (2025) goes far beyond past export bans. It now forces foreign companies to seek Chinese approval before re-exporting any product that contains even 0.1% China-origin rare China just weaponized rare earths - again but"
X Link 2025-10-10T19:39Z [---] followers, [---] engagements

"Recent DoD industrial base sustainment grant ($2MM) and ReElement moving to finalist stage in Nat. Science Foundation's NSF regional innovation engines grant competition (15 finalists of [--] entries who will now be scrutinized on site) provide some external validation as well"
X Link 2025-10-10T19:39Z [---] followers, [--] engagements

"I mention asset-light as $AREC is working on divesting pieces to become just a holdco on their various disaggregated segments w/ licensing models and $RCMO owning a perpetual 1.5% royalty on ARECs refining tech licensing sales re. PGMs gold and silver processing"
X Link 2025-10-10T19:39Z [---] followers, [---] engagements

"There's also a lot to hate about the company as the planned spinoffs have had terrible executions so far and most of the debt relies on refining biz taking off. They also stopped doing earnings calls after 2024Q3 (which was mostly about ReElement scaling and funding) idk why"
X Link 2025-10-10T19:39Z [---] followers, [--] engagements

"So DYODD (and lmk if Im making a big mistake here if youve gone deeper on this name ty) just thought this was an interesting little co"
X Link 2025-10-10T19:39Z [---] followers, [--] engagements

"After basing around $50 level (my original PT of interest) $LB looks to be testing breakout of it's post-decline 4mo range on tariff relief trade + possible US invasion of VZ w/ potential disruption of global liquid joules supply and/or raised geopol risk premium (+RU sanctions) $LB (LandBridge Co): An exchange trading floor in the Delaware basin https://t.co/op6mCzzUT6 $LB (LandBridge Co): An exchange trading floor in the Delaware basin https://t.co/op6mCzzUT6"
X Link 2025-10-24T20:43Z [---] followers, [---] engagements

"Meanwhile AI DC expansion remains (elusive) call option for biz. Note pattern bears resemblance to the climb b4 Aug [--] gap-down on expectations misses + lack of DC dev headway (tho mgmt has announced some devs on this front since); will likely be a major focus of Nov [--] earnings"
X Link 2025-10-25T01:12Z [---] followers, [--] engagements

"W/ resched. how do cos. like $MAPS guard against trad ad names like Google and Meta/Insta changing their policies to soak up $ from large MSOs $MAPS was valuable b/c of limited alts but that arg seems weakened now no + Bigs consolidate smalls w/in states and boost own sites President Donald J. Trump signs an Executive Order rescheduling marijuana from Schedule I to Schedule III recognizing legitimate medical uses and expanding medical marijuana and cannabidiol research to better support patients and doctors. https://t.co/7NpPaLbNTl President Donald J. Trump signs an Executive Order"
X Link 2025-12-19T22:14Z [---] followers, [---] engagements

"Footnote accounts for the diff. as incl. "approx. [------] shares held in pooled accounts controlled by Mr. Stahl. disclaims ownership over shares except to extent of pecuniary interest." ie Stahl doesnt have econ interest in 100% of the additional shares so muddys things a bit"
X Link 2025-12-20T11:48Z [---] followers, [--] engagements

"Since X-axis is just end-user API pricing. Seems this chart cannot allow one to determine if it's genuine total input-costs per token coming down vs simple AI vendor pricing strategy racing to the bottom (ie. potentially at a loss) or the relative mix of the two factors. Kufu Holdings CEO: ".as you may know the cost of using AI has decreased dramatically over the past few years." Pic: $JPM https://t.co/Pb2qDYiWvE Kufu Holdings CEO: ".as you may know the cost of using AI has decreased dramatically over the past few years." Pic: $JPM https://t.co/Pb2qDYiWvE"
X Link 2025-12-27T21:31Z [---] followers, [--] engagements

"@salabop $MAPS has tanked since initially rising on the rescheduling rumor-then-news but I do think you might be right on these points"
X Link 2025-12-31T19:14Z [---] followers, [---] engagements

"On days like today where everything is going down it's always interesting to look at which (moaty) businesses are going down the least or even going up despite the broader selling. $BTI was one such name during today's market "warsh-out" + LT chart showing early breakout setup $BTI $BATS $PM $MO $TPB Goldman released their Nicotine Nuggets report today. Super long and expansive and includes retailer surveys. They note Velo Plus remains the fastest growing modern oral nicotine solution and is expected to continue leading growth Respondents https://t.co/khJeYhAVLb $BTI $BATS $PM $MO $TPB"
X Link 2026-01-31T05:25Z [---] followers, [---] engagements

"IMO value has and will continue to accumulate at bottlenecks w/in a given value chain asset-light software-based coal-fired or otherwise. (I also wonder how the $TPL longs would feel about the apparent appropriation of "asset-light" with "software company" here as well lol) For [--] yrs we treated the supremacy of asset-light businesses as a permanent economic law But if AI commoditizes asset-light businesses wed just be reverting to the historical mean where value accrued to atoms infrastructure energy It would be a [--] year blip. An anomaly For [--] yrs we treated the supremacy of asset-light"
X Link 2026-02-10T00:53Z [---] followers, [---] engagements

"$LB (LandBridge Co): An exchange trading floor in the Delaware basin"
X Link 2025-03-06T19:21Z [---] followers, [----] engagements

"If the Epstein "jerky" rumors are confirmed at this point no way there AIN'T a gnostic network of Jacob Frank-esque transgression-maxers cloaked by secular constructivsm trying to nudge the IRL & simulacrum towrds some global loosh-harvesting trauma-farm transmutation rune/event ⚠ AI WARNING ⚠ CONFIRMED: The FBI's Epstein Files Confirm Ghislaine Maxwell's Long-Term Manipulation of Reddit: A Stark Validation of My Warnings on "Internet Sewage" and Its Magnification in AI Models. READ IT NOW ⚠ AI WARNING ⚠ CONFIRMED: The FBI's Epstein Files Confirm Ghislaine Maxwell's Long-Term Manipulation of"
X Link 2026-02-16T21:24Z [---] followers, [--] engagements

"⚠ AI WARNING ⚠ CONFIRMED: The FBI's Epstein Files Confirm Ghislaine Maxwell's Long-Term Manipulation of Reddit: A Stark Validation of My Warnings on "Internet Sewage" and Its Magnification in AI Models. READ IT NOW https://t.co/iLD0K9aGDF https://t.co/iLD0K9aGDF"
X Link 2026-02-04T18:04Z 451.5K followers, 99K engagements

"For [--] yrs we treated the supremacy of asset-light businesses as a permanent economic law But if AI commoditizes asset-light businesses wed just be reverting to the historical mean where value accrued to atoms infrastructure energy It would be a [--] year blip. An anomaly"
X Link 2026-02-07T17:13Z 173.4K followers, 1.1M engagements

"Kufu Holdings CEO: ".as you may know the cost of using AI has decreased dramatically over the past few years." Pic: $JPM"
X Link 2025-12-27T21:00Z 96.1K followers, [----] engagements

"President Donald J. Trump signs an Executive Order rescheduling marijuana from Schedule I to Schedule III recognizing legitimate medical uses and expanding medical marijuana and cannabidiol research to better support patients and doctors"
X Link 2025-12-18T20:45Z 3.8M followers, 694.1K engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing