Studying businesses before the market understands them.
Special situations • AI infrastructure • Bitcoin • Turnarounds
Sharing the thesis, numbers & risks.
Bankruptcy doesn’t mean a business is worthless.
Often the problem is the capital structure, not the assets.Fix the debt, bring in new capital, improve operations and the same business can look completely different. That’s why I’m studying #Chapter11#Turnaround#IOND
One of the most interesting positions I own came from the Celsius bankruptcy: shares in Ionic Digital.
First saw them as Bitcoin-mining shares.
Now asking a bigger question — what happens when those assets get valued as AI infrastructure?No hype. Just the thesis.#IOND
Bankruptcy doesn’t mean a business is worthless.
Often the problem is the capital structure, not the assets.Fix the debt, bring in new capital, improve operations and the same business can look completely different. That’s why I’m studying #Chapter11#Turnaround#IOND
One of the most interesting positions I own came from the Celsius bankruptcy: shares in Ionic Digital.
First saw them as Bitcoin-mining shares.
Now asking a bigger question — what happens when those assets get valued as AI infrastructure?No hype. Just the thesis.#IOND
It’s now almost certain the tunnels found at the Chabad synagogue in Brooklyn were designed for child sex tracking.
This footage released shows the Jewish synagogue had dystopian tunnels made with stained mattresses that have been sent for forensic analysis.
Items such as baby high chairs and clothing have also been taken by forensics.
A group of extremist students were blamed for the child abduction tunnels and attempted to bury the tunnels with cement before forensics could begin their investigations.
Advocates for child sex abuse say Israel has become a “refuge for pedophiles” and many Jewish-Americans hide from justice in Israel…🇮🇱