Average Finance

Analysis of equities and current economic events // Not financial or investment advice and all tweets are our own opinion

[Average Finance @avgfinance]

@peterfuller23 LAUNCH

[Average Finance @avgfinance]

@Restructuring__ Pari passu newsletter

[Restructuring__ @Restructuring__]

First Brands will go down as one of the most brutal bankruptcies of all time

Diameter, a leading credit hedge fund, just shared how they incurred their biggest loss in history, burning hundreds of millions

Read below how the smartest investors in the world got their faces ripped off

Get the Full Letter below ⬇️

1/n The Set-Up

[Average Finance @avgfinance]

@Restructuring__ Talen

[Restructuring__ @Restructuring__]

TALEN RESTRUCTURING | PREVIEW

Friday, we will publish one of the most exciting write-ups of the year

Retweet + comment "Talen" and I will pass you the article right now.

You do not want to miss this one. Pari Passu articles go behind paywall after being published, subscribe NOW to get all future articles for free - Link Below!

[Average Finance @avgfinance]

@Restructuring__ @threadreaderapp unroll

[Average Finance @avgfinance]

We also note, this was a call we made back in mid-February and are encouraged by the response, while indirect, by leadership. https://t.co/7QW2kOkwWu

[Average Finance @avgfinance]

While we still fundamentally believe in Voxtur as a business, it pains us to say:

In light of these developments, we are underweight Voxtur and call on the board to remove Jim Albertelli as CEO and for Gary Yeoman to step down as executive chairman. It’s clear management isn’t running the company with shareholder interest in mind.

[Average Finance @avgfinance]

We believe the management and board shakeup is a pivotal step for Voxtur to deliver results. We are encouraged by the steps has taken this morning in an attempt to regain shareholder trust and focus on the integration and delivery of products promised by former leadership. We look for Nick Smith to complete an exhaustive search for a CEO, outside of existing leadership, with background in technology and real estate. Additionally, we call for a CEO with a track record of M&A given the complexity derived from the multitude of acquisitions over the course of the prior 2 years.
$VXTR $VXTRF

[Average Finance @avgfinance]

@InvestingSnake @teto8k Seems like a lesson from Jamie Dimon would benefit you..

[Michael McDonough @M_McDonough]

Conversations have shifted from 'Labor Shortages' to 'Job Cuts' during S&P 500 company earnings calls: {Data from TA<Go>}

[Average Finance @avgfinance]

@dissectmarkets @jlowin @DoombergT https://t.co/8hjSySmhd1

[Average Finance @avgfinance]

@StratBecker Good luck Strat. Would love to connect at some point down the road.

[Average Finance @avgfinance]

Important to note the change in fed funds probabilities over the past month, the first table is from early February vs earlier today. Terminal rate is up 75bps. Seems equities are behind the curve on this, with bonds likely leading us directionally.

[Average Finance @avgfinance]

According to the CME group, Fed funds futures now point to a 50bp hike by the FOMC at the March meeting later this month.

[Average Finance @avgfinance]

According to the CME group, Fed funds futures now point to a 50bp hike by the FOMC at the March meeting later this month.

[CMac @InvestmentTalkk]

As of Feb 2023 $GOOG $MSFT

Search engine market share:

• Desktop
- Google: 85.64% 🔼
- Bing: 8.19% 🔽

• Mobile
- Google: 96.71%🔼
- Bing: 0.46%🔽

• Tablet
- Google: 92.24%🔼
- Bing: 4.57%🔽

• All Devices (inc console)
- Google: 93.37% 🔼
- Bing: 2.81% 🔽

[Average Finance @avgfinance]

@jj_shipley Location?

[Average Finance @avgfinance]

@KV26777270 I appreciate your candid thoughts. My goal is to provide clear and transparent information about the company’s I follow, helping other shareholders digest news and events as they happen.

[Average Finance @avgfinance]

@AlmostMongolian The real issue was never the $2m, it’s with governance issues. Sound management is a must for small cap companies.

[Average Finance @avgfinance]

@ctfish70 @ClassicValueInv @makingmoneynow1 @CUUVETTE350 @MidasLetter That doesn’t prove your point whatsoever… once the note was purchased by the group JEAPA transferred shares to the group in satisfaction of the note, meaning JEAPA “paid off” the note using shares

[Average Finance @avgfinance]

Let’s be completely clear and transparent about what took place relating to the sale of debt by Voxtur Analytics $VXTRF. The related party receivable (~$9.8M USD) was packaged into a promissory note and sold by Voxtur (~$7.8M USD) to Washington School House, LLC, and jointly Kevin McCarthy and Leann McCarthy (“The Group”), NOT McCarthy & Holthus directly. There is no mention of McCarthy & Holthus anywhere in the press release. The sale represents a 20% discount to the receivable balance, which is now zeroed out. To satisfy the promissory note, JEAPA transferred 39.1M shares to “The Group” at an average share price of $.20 USD, representing a gain of 20% at the current market levels. Not only was the receivable sold at a discount, but the equity was transferred at a share price 16% below current levels when comparing the debt purchase price and shares transferred to The Group. There is no mention of McCarthy & Holthus in the press release and nothing stopping The Group from selling the acquired shares immediately in the open market. Also there has been talk of 20% being less than the cost of share issuance from treasury by Voxtur, this is incorrect. Associated fees for share issuances are no where near 20% of proceeds, that is largely misinformed. While it is beneficial to Voxturs cash position to have the debt settled, this should not be viewed in a positive light as it was expected the related party issue would be resolved and paid in full not at a discount.