KMP

Market makers love him

[KMP @kmpcapital]

$FULC discount to net cash is tight but I dont mind hopping back in at prices where Tang just added

[KMP @kmpcapital]

@SPACuity Pretty surprised by how bad this is trading, totally decoupled from BTC but in the wrong direction. It is an illiquid microcap with questionable governance, management and pending litigation so maybe I shouldn't be haha

[SPACuity @SPACuity]

I don't know what day it will be, but $EMPD is perhaps a news release away from a massive volume big up day. Either settlement with activists, or closing of the property purchase and/or triple net lease, new deal, etc. In the meantime, cash and bitcoin - debt = $4.20 as of today

[KMP @kmpcapital]

A moment of silence for the death of $LCDL

[KMP @kmpcapital]

$EMPD things are moving quickly, was a bit worried they'd gamble on BTC price action the next couple months but they already sold half their BTC holdings to fund the JV stake.

[KMP @kmpcapital]

$EMPD "We can fund the $65M by selling our BTC, we won't dilute below NAV and we will sell more BTC in the future for similar opportunities".

Really liked the follow-up PR today. Interesting opportunity and flying under the radar for whatever reason

[KMP @kmpcapital]

@kingdomcapadv @EricTheUmpire I’ve been told until there are “meaningful revenues” there’s nothing to see here

[Kingdom Capital @kingdomcapadv]

It has come back in a bit, so $NLOP looking very attractive here again. $22m net cash end of Q1 with $23m of rent left, about a $150m EV. My estimates for remaining asset value still get me to around $15/share NAV:

[KMP @kmpcapital]

@Lord_of_Biotech Omid's CVRs offer a 222% premium! Lol, they really suck. Nice development overall though

[KMP @kmpcapital]

@SPACuity Agreed, the potential is huge looking at comps and it certainly helps getting more comfortable with it by buying below NAV. I thought the BTC selloff yesterday provided the opportunity but its trading in line again today. At 100m market cap it won't take much to get this to NAV+

[KMP @kmpcapital]

$EMPD "We can fund the $65M by selling our BTC, we won't dilute below NAV and we will sell more BTC in the future for similar opportunities".

Really liked the follow-up PR today. Interesting opportunity and flying under the radar for whatever reason

[SPACuity @SPACuity]

You can see the enthusiasm today after the bell with $BE expanding AI data center agreement with Brookfield
Meanwhile, $EMPD, trading approximately 20% below its NAV based on its bitcoin holdings, is teaming up with 2 legendary billionaire families for data centers and crickets

[KMP @kmpcapital]

$CCXI Citrini primer into the long weekend? Americans might get anther round of fireworks Monday.. 👀

[Citrini @citrini]

We only write 1-2 primers a year because we want them to be durable. It’s simple to publish something market relevant for 6 months, but our goal is a piece you can return to years later and still derive value.

Our Robotics primer meets that standard.

https://t.co/qPSAXaLgYN

[SPACuity @SPACuity]

A couple ways to win now with $EMPD. Still priced as a bitcoin treasury co. They have 2914 Bitcoin and about $45 million in debt; 29.8 million share equivs. So north of $4 per share NAV based on Bitcoin at $58k (now unencumbered). That isn't the story now though. This is;
https://t.co/q4ilCIkeiu

[SPACzilla @SPAC_zilla]

$CCXI

I’ve been doing this since $NKLA went to $90.

For me, humanoid robotics is the most exciting sector by far during all these hype waves we’ve seen.

And @agilityrobotics was THE company I wanted.

You’re not getting my shares anytime soon.

[Primo Capital @Primo_Capital]

The Seaport in Manhattan is starting to feel different. I think that matters a lot for $SEG.

The old criticism of the district was that it felt too commercialized, too curated, and too dependent on tourists. Beautiful real estate, but not enough local culture or repeat neighborhood behavior.

That is starting to change.

Sadie’s is becoming a legitimate social hub: after-work drinks, sports watch parties, outdoor programming, and big-event energy. The Knicks watch parties have been packed with hundreds of people. In the coming weeks, it should also be one of the better outdoor places in Manhattan to watch the World Cup.

And it is not just Sadie’s.

Cork Wine Bar is consistently busy. Willett’s is expected soon. Flanker and Hidden Boot are coming to Pier 17 in the fall. Public Service is planned for the Cobblestones.

That starts to look less like a collection of isolated restaurants and more like a real programming / tenant flywheel.

A few anchor tenants can genuinely change the feel of a district. They create repeat reasons to show up: happy hours, games, concerts, dinners, events, dates, casual drinks, work outings.

That is what the Seaport has historically needed.

The bull case here is not simply “the Seaport is cool.”

The bull case is that local behavior is changing.

If locals start using the Seaport more regularly, that can improve foot traffic, tenant demand, leasing power, restaurant sales, event activity, and ultimately the perception of the asset base.

For a small, messy orphaned spin like $SEG, that perception shift can matter.

The financials still need to prove it.

But on the ground, the district feels more alive than it used to. And that is usually where the numbers start before they show up in a filing.

[Lord_of_Biotechs @Lord_of_Biotech]

Boooom $BOLD with a top notch merger deal:

Stock should go at least above 2.50 probabaly more. Nice result. Congrats to everyone involved!

Reverse mergers are on fire for biotechs! Nice result at this bloody pre market day

[KMP @kmpcapital]

@Lord_of_Biotech Lets goo 🥳

[KMP @kmpcapital]

@cjcj25955118 The cfo sale was to cover tax withholding but I think they’re just going about business as usual and the market hasn’t properly revalued them after getting current on filings vs BNED since it’s a small/illiquid HoldCo. They just increased the quarterly dividend in December

[KMP @kmpcapital]

Snapshot comparison of pre $BNED account debacle vs. today. Relatively, $IMMR continues to trade just too cheap and IMO the stub specifically (which yields ~6%). Perpetual HoldCo discount aside, the IP business is currently priced into obscurity.

[KMP @kmpcapital]

Everything rallies on the 30th peace deal except my small crap bios. Very nice!

[KMP @kmpcapital]

$RNW interesting at ~$6.1x. Take-private blew up last year after Masdar walked; now CPP + founder back with simplified structure and $6.75 opening bid. Committee endorsed $8.15 terms <1yr ago, I'd think they can meet somewhere in the middle and get it done this time