J. pearl

[J. pearl @mirrerlamdan]

@Mr_Neutral_Man @CalduchGer77003 Won't giving flatbush back incur a huge taxable gain? and I think 250 Livingston has the same issue. They are held at about 140mm and 30mm respectivelly net of Dep. and would incur close to a 300mm taxable gain. Do you think they can hold on to those assets?

[J. pearl @mirrerlamdan]

@DanielSLoeb1 Great stuff! But this one happens to be a second step conversion and they are simultaneously acquiring $NFBK - market seems to imply it will trade at $10 or below.

[J. pearl @mirrerlamdan]

@marginofdanger @BillAckman Last thing Bill is gonna do is give up AUM, (The best thing for him to do in $PSH is dividend the whole thing out!)

[J. pearl @mirrerlamdan]

@thepupil11 @gbylenok What do you think about the current price?

[J. pearl @mirrerlamdan]

@thepupil11 @TiehackCapital Is rolling over equity into a large cap REIT to avoid tax leakage a possibility?

[J. pearl @mirrerlamdan]

@JulianKlymochko In what way is merger arb tax effecient, isn't it mostly short term capital gains?

[J. pearl @mirrerlamdan]

@DBashIdeas @AriBergmann https://t.co/Tv00FEnubk

[Ari Bergmann @AriBergmann]

R’ Ezra Altshuler, famous author of Takanat Ezra and a real traditionalist, wrote copious critical notes throughout Dor Revi’i. On the Introduction however his only criticism is about Dor Revi’is explanation of Prozbul.

[J. pearl @mirrerlamdan]

@marginofdanger @boazweinstein If discount permanent, they might have been better off with a 5% quarterly tender at NAV, think about where it would be trading if they would list and leave that in place.

[J. pearl @mirrerlamdan]

@JohnCoxCap We want your thoughts, what are secondary trading discounts, redemption queues, for the underlying holdings, and how do you feel about their valuations? these are assets that deserve a large discount in a wrapper that deserves a larger discount, with fees for each level.

[J. pearl @mirrerlamdan]

@APompliano @inheritingbtc Then do the right thing and tie your 10mm founder shares to performance.

[J. pearl @mirrerlamdan]

@blangb Dump has just about begun, with 64.5mm PIPE shares yet to be issued.

[J. pearl @mirrerlamdan]

@OddDiligence Odd, can you share your take on the odds of it going through?

[J. pearl @mirrerlamdan]

@dopamine_uptake @ExpectingValue @sequentanalyst Can you please share, 🙏

[J. pearl @mirrerlamdan]

@JPSInvestments Any thoughts on potential tax liability for giving back keys on 250 Livingston?

[J. pearl @mirrerlamdan]

@APompliano @SPACuity

[J. pearl @mirrerlamdan]

@APompliano If understood the deal correctly this is not accurate,
There is currently "no bitcoin exposure" through $CCCM as all upside through business combination accrues to pref equity investors and ProCap (unless bitcoin >200,000).

[J. pearl @mirrerlamdan]

@vik_mittal @EricTheUmpire @Mike10947310 @paoloardoino @APompliano Yup, he says something along those lines, (it's the piece on Circle IPO starting at 15:53).

[J. pearl @mirrerlamdan]

@vik_mittal @EricTheUmpire @Mike10947310 @paoloardoino tells @apompliano they are not going public.

https://t.co/NvLofPEWiG

[Anthony Pompliano 🌪 @APompliano]

The CEO of Tether believes the business is worth $2 Trillion.

$2,000,000,000,000

That number may sound crazy, but Tether is the most profitable company per employee in human history.

I sat down with CEO @paoloardoino to discuss regulation, emerging markets, the Circle IPO, working with Cantor Fitzgerald, helping the DOJ, extrapolating economic data, and what Tether is investing in with their $13 billion of profits annually.

Enjoy!

TIMESTAMPS:
0:00 - Intro
1:30 - Senate passes Genius Act
4:49 - Tether plans for US legislation
8:14 - Individuals portfolio: bitcoin, stablecoins, dollars
15:53 - Circle IPO
20:05 - Relationship with Cantor Fitzgerald
25:58 - Working with the DOJ
28:20 - Exploring real time information
33:04 - Will Tether be integrated into the stock market?
35:27 - Tether investments and vision for the future
44:40 - What is Paolo’s motivation?

[J. pearl @mirrerlamdan]

@martypartymusic @coffeebreak_YT They raised capital to run a TRON treasury strategy, Justin Sun will be an advisor.

[J. pearl @mirrerlamdan]

@SurfShopCapital Wow they issued close to 7mm shares (maybe converted prefs?), no wonder this didn't move. https://t.co/f51hvJjH1l