Friday, January 21, 2022

WTF Bitcoin redux

Damn we say. Bitcoin is hugely volatile at the top, and that is never good for anything speculative.
Bitcoin’s slump continues after experiencing a sharp price decline at the end of 2021. Bitcoin and cryptocurrency prices have continued their plunge. Some have warned the bitcoin price could drop below $10,000, a steep correction from its all-time high of almost $70,000 attained in November. Huge advertisement spending by crypto companies is said to be evidence of a mania top in the crypto market.

Monday, January 17, 2022

Beware the 10 year treasury bubble - update 1.823%

https://www.cnbc.com/quotes/US10Y
The 10 year bond looks certain to crack 2% this time. The action is starting now because markets will invariably price news in. The March FED hike is known news and the effects of that is now, not March.
With US consumer inflation running around 5.4% (now 6.8%) can anybody splain why 10 year US treasuries are yielding 1.56%? This cowboy has been confused for a looooong iffin time. The 10 year gets jacked to something close to where it belongs and Canadian mortgage holders will find themselves screwed, blued, and tatooed. The 'house rich' will discover they are dirt poor and needing to sell their mansions pronto, to some bloody body.


https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

Now the time to lock in Canadian mortgages

There ain't much doubt interest rates are on the rise. The FED will act by March and that means its a great time to lock in long term mortgage money at low interest rates. One wonders how eager lenders will be. There is no information vacuum and they would know better than most that the same money will cost them significantly more in a score of weeks. It seems good business for banks to decrease their mortgage lending.
Any way sliced there appears towering storm clouds approaching for Canadian real estate prices.

Friday, January 14, 2022

Huge US retail sales miss - down 1.9%

The US December retail sales report is causing hand wringing in some circles. Expected to be flat, spending declined 1.9%. Among the lowlights, Furniture and home furnishings -5.5% Electronics and appliances -2.9%, Clothing -3.1%, Non-store retailers (online) -8.7% and Food service and drinking -0.8%.

The weakness follows a similar miss in November. Poor economic data will eventually weigh on equities markets.

Wednesday, January 12, 2022

U.S. inflation hits 39-year high of 7%

U.S. consumer prices soared in 2021 by the most in nearly forty years setting the stage for the start of Federal Reserve interest-rate hikes as soon as March. The consumer price index rose 7% in 2021, the largest 12-month gain since June 1982. There is a mismatch between demand and supply and it is made worse by manipulated interest rates.

Friday, January 7, 2022

Richard Ryan Penn and Roman Reuvin Rubin - Black Tusk (TUSK.c)

The B.C. Securities Commission fined two directors of nearly worthless miner Black Tusk Resources Inc. (TUSK.c) for not disclosing their insider sales. Lets put them together for executives of the year Richard Ryan Penn and Roman Reuvin Rubin. They failed to report share transactions valued at close to $1.16m and $647k respectively. For the last fiscal year the dirty duo blew $1.8m on consulting fees, and $322k on advertising and promotion among many other expenses adding up to $3.8m. Co reported no revenue, naturally. The chit paper is $.03. Aside from the amount gained in undisclosed share sales, Penn and Rubin both took home base salaries of $120k cash.
These two reprobates take the tard cake. Even in B.C. one files their insider trading reports. (before getting busted for it) We are speaking of something in excess of 600 washerwoman trades. Combined fines for these two are $140k. Most recent is 15.25 million units at a price of two cents per unit. Nuff said about THIS chit.

Thursday, December 30, 2021

Bo Bo Bert Abenante back - EV Battery Technologies - ACDC.c

This complete chit has released Q3 numbers and revenues are zero. To go along with that the boys blew $1m on 'advertising' in 3 months. 442m worthless shares are now outstanding, up from the 332m worthless shares 90 days previous. Ridiculous scammery, end of sentence.
Latest is news of 24m shares out the door with no disclosure whilst two directors resigned. New director Taryn Stemp was an executive assistant at Abattis Bioceuticals. "Extreme Vehicle Battery Technologies Corp. has entered into a share exchange agreement to acquire CryptoPlug Technologies Inc., an entity developing a blockchain-based, crypto-compatible application for smart phones. As compensation for the acquisition and pursuant to the agreement, the company will be issuing 24 million common shares of the company, at a price of 25 cents per common share, to the shareholders of CryptoPlug, for a deemed transaction valuation of $6-million." There is zero, and we do mean zero internet presence for CryptoPlug Technologies Inc.

Crooktard Bo Bo Bert Abenante in the infamous 'BridgeMark Crooked Basterds' photo with Aly Babu Mawji and Justin Liu.

"We were lucky to get Mr. Abenante, as he has been a very valuable asset to our team"


One can't keep a wicked horrid crooked MFer down for long in Vancouver and for proof of that we have 'Bo Bo' Bert Abenante of the massive large BridgeMark offense. He's a "valuable asset" at EV Battery Tech. (ACDC.c) Folks best give their rock head a shake if they are buried in this pure garbage. EV Battery Tech’s President and CEO is Bryson Goodwin.

Taryn Stemp
It's a major indictment that THIS sickening example ain't banned for life from capital markets right this instant. IF this was the US I don't doubt for a moment Bo Bo Bert would be sitting in a federal jail cell. This 'man' is pretty much as bad as it can possibly get, even by Vancouver 'standards'.

Bryson Goodwin
"We firmly believe this temporary order will be a small blip in the Company’s drive to build shareholder wealth."

In Feb 2020 Cryptobloc Technologies Corp. announced a name and symbol change to Global Elsimate Capital Corp. (GECC). No Bid.
RECHARGE RESOURCES LTD. (RR) $.05 - no website
STAMPER OIL & GAS CORP. (STMP) $.02 - no website
Letho Resources Corp. LET.v - halted
Greenbank Ventures Inc. V:GBNK.H - halted
Bam Bam Resources Corp. BBR.c - $.16

Wednesday, December 29, 2021

MEAT.c crashing - Update II

Terrible Tara Haddad has taken a hike from the good ship MEAT.c. This operation continuously describes its high sodium celery root as 'heathy'. Nobody is buying that, nor the revolting product. Old numbers revealed a massive loss exceeding $5m on nada revenues to speak of. HERE. Latest news is of a puny $1m raise, and that surely won't last long. Much has been spewed by Antony Jackson's sister, like the 'Urban Fare' and Jim Pattison Group lies, and none of it is coming true.

What a shocking surprise from the BridgeMark group. https://www.themodernmeat.com/

Cannabis One Holdings Inc - CBIS.c - Update III = Defunct

This appeared July 8, 2019. A year later and CBIS was done for good. The lessons here apply to EVERY venture PoS.
This horrid terrible bad co has released numbers and if there were troubles weeks ago it's screaming bad now. Seriously (seriously) insolvent and this enterprise is fully looted, no question. Details are unspeakable. There is no level where this paper should be touched.

Main dorkus has issued a breathless NR touting his "tireless pursuit of excellence" whilst dishing up copious "exciting visualization." Which stupid anus conceived this rubbish is unknown, likely Mr. Jeffery Mascio. Reading this insulting horsechit would INSTANTLY raise my hackles if I was buried in this chit. The only "visualization" I require is an appreciation of a co capped in excess of $ 80m that has zero revenues and which will be broke in months. That AIN'T an "exciting visualization."
A very curious and unusual Friday afternoon NR from main cheese Jeffery Mascio. "Cannabis One is retracting its previously announced acceleration notice of certain Class “A” subordinate voting share (“SUB Share“) and certain Class “B” super voting share (“SVS Share“) purchase warrants (the “Warrants“), effective June 14, 2019, which were assumed by the Company pursuant to the acquisition of Bertram Capital Finance Inc."
The red flags are at full mast and in number. A convoluted capital structure with different voting rights is always a concern and this main man is making some too stupid comments that ought to remain his business. Co's website has a section about 'financials' and then refers folks to Sedar. Pffft. Going there, we find total revenues for 2018/19 were zero. That against a loss of $836k. Co has managed to accrue $370k in payables. Cash was $ 1.5m and that is going down.

CBIS.c is making many grandiose promises of greatness, but the reality is this co will certainly be dead broke in months.
"Cannabis One is already validating its roll-up strategy, securing new partnerships and acquisitions to create exciting expansion opportunities, with more than 30 targets in the pipeline."

There is little to no evidence of ANY value here. Main man spewing stupidly isn't helping. There is much potential for danger. Those holding CBIS shares are well advised to do their homework and to not delay in doing so.

Tuesday, December 21, 2021

Emerald Health Therapeutics, Inc. - Avtar Dhillon


Dhillon is charged with conspiracy to commit securities fraud as well as two counts of obstruction.
Emerald Health Therapeutics (EMH.c) plans to exit Canada’s recreational and medical cannabis markets after racking up more than $156m in losses since its inception. Emerald Health grew rapidly, never made a profit, and lost a total of $224.6m between 2015 and June 2021. In August, Chairman Dr. Avtar Singh Dhillon was arrested in Long Beach while residing in his $12m, 9,300-square-foot, yacht-lined waterfront home.

Avtar Dhillon
See ----->SEC wants $52.8m from fraudster Sharp

Wednesday, December 15, 2021

Turkish Lire

Turkey’s lira tumbled, triggering the central bank’s fourth intervention this month. The decline came after S&P Global Ratings lowered the outlook on the nation’s sovereign credit rating to negative. The central bank has slashed the one-week repo rate in line with demands from President Recep Tayyip Erdogan for lower borrowing costs. The currency's value value has sunk 50% since September.
Erdogan claims to have studied economics. As the lira continues to plummet it is the poor and middle-class paying the highest price as the cost of staple goods surge.

Tuesday, December 14, 2021

HEXO feels the HA pain - $116m Q loss

"Hexo Corp. has released its financial results for the fiscal quarter ended Oct. 31, 2021 (Q1 2022), and announced "The path forward, a new strategic plan ..."

Great. Holy flyin fart says we, that's one big swack of red ink. That 'Day 1' loss has arrived, today, and that fully secured note (due in 2023) is hugely suspect now. What TOTAL krap.
Big Quebec pot producer HEXO has been on a buying spree and soon faces a very severe cash crunch. Most recently is boyos hob nobbing with OMG bikers, and that is never good.
Josh Hill (left) with HA Dwayne Patrick Smith (center) and HA Joel Rollin (right)

See ----->HA associate Josh Hill - HEXO and Redecan

Ex CEO, Sebastien St. Louis.
https://www.sec.gov/Archives/edgar/data/1690947/000119312521177320/d172832dex994.htm#:~:text=Indenture%2C%20dated%20as%20of%20May%2027%2C%202021%20%28the,as%20supplemented%20and%20modified%20by%20the%20Board%20Resolution

Thursday, December 9, 2021

China Evergrande Group defaults

After lurching from deadline to deadline, China Evergrande Group has officially been labeled a defaulter, the latest milestone in a financial drama that’s likely to culminate in a massive restructuring of the world’s most indebted developer. Fitch Ratings cut Evergrande to “restricted default”, a move that may trigger cross defaults on the developer’s US$19.2 billion of debt.
The Evergrande Group is China's second-largest property developer by sales, making it the 122nd largest group in the world by revenue. China Evergrande Group is deeply in the red – to the tune of $300 billion. Concerns are mounting that if it defaults on its debt, it could spell disaster for China’s property market and send shock waves through the world’s second-biggest economy.
Evergrande fell in Hong Kong after saying it hired two financial advisers known for their expertise on debt restructuring -- a scenario where shareholders risk getting wiped out. A haircut of 75% for offshore bondholders is now a base case for analysts. Chairman Hui Ka Yan controls more than 70% of Evergrande’s equity.

Monday, November 29, 2021

AQUA.v = Crypto Mining

Latest for Mikie/Jesse Woodman is crypto mining. And what about the millions owed to BNS? Tards don't need to worry their lil heads about that.

"Aquarius AI Inc. has purchased 100 Bitmain S19 Pro 100 TH/s mining rigs and has further entered into a non-binding letter of intent with Compass Mining Inc. for the supply and hosting of an additional 1,000 rigs. Owen Sagness, director of operations at Aquarius, states, "Compass' commitment to this partnership will bring best-in-class hosting capacity, management and ASIC procurement services to bear, and allow AQUA to scale the mining operation as quickly and efficiently as possible."
He further added: "Under the initial purchase agreement, AQUA has purchased $1-million worth of next-generation ASIC bitcoin miners for hosting with Compass. Over the next few months, Compass Mining will supply and host a continuous flow of ASIC miners for AQUA in diversified locations." The company issued 35,911,700 units at a price of 10 cents per unit for gross proceeds of $3,591,170. Each unit consists of one common share of the company and one-half of one share purchase warrant to purchase one share at a price of 20 cents for a period of 24 months.

Monday, November 22, 2021

DoJ to sell $53m in BitConnect crypto

The DoJ will sell off $56m worth of cryptocurrency it seized as part of a massive Ponzi scheme. Proceeds will be used to reimburse victims. Glenn Arcaro, 44, pleaded guilty in a “textbook Ponzi scheme” that defrauded cryptocurrency investors worldwide of more than $2 billion. Fraudsters claimed that BitConnect used a proprietary technology that generated huge profits by using investors’ money to trade on the volatility of cryptocurrency exchange markets. A “trading bot and volatility software” was the answer.

Glenn Arcaro
Guaranteed to earn investors up to 40% total return per month, BitConnect followed a tiered investment system based on the sum of initial deposit – the more cash you put down, the bigger and faster profits you could rake in. The prospect of salting $1,000 away into your BitConnect investment account in order to get you more than $50m within three years didn't seem to bother suckers.
BitConnect operated a textbook Ponzi scheme by paying earlier BitConnect investors with money from later investors.
The Bitconnect Coin was among the world's top 20 most successful cryptocurrency tokens until its price collapsed. BCC rose from a post ICO price of $0.17 to an all-time high of US$463 in December 2017. The last reported BCC price is $0.011

Wednesday, November 17, 2021

GOOD.v reborn = Good Gamer Entertainment Inc. = Praveen Varshney


We are gonna pretend this has NOTHING to do with Jessie/Mikie and the wicked horrid scam formerly known as Good Life Networks. And that is wrong thinking as Praveen Varshney is involved in this krap. Unreal.😖

https://goodgamer.gg/about-us.php

Thursday, November 4, 2021

Rhodium - Rh

Rhodium (Rh) is a precious metal, demanded globally for use in catalytic converters, where it is used in smaller quantities alongside palladium and platinum. It reduces the amount of nitrogen oxides (NOx). The rhodium market is relatively small at just under 1.15 million ounces (MOz) consumed in 2019. This amount equals 32 tonnes, which could be contained in a single semi-trailer truck. It is 6X more valuable than gold. The metal is mined as a by-product of platinum and palladium mining or nickel mining. There are no primary rhodium mines, and major producers are all located in South Africa. The insecurity of rhodium supply became evident during the coronavirus-related lockdowns implemented in South Africa.

Wednesday, November 3, 2021

C:VERY - The Very Good Food Company - Update

Naturally the 'Bean Butcher' has seen that ridiculous market cap pared down, slightly. It's something around $200m now, with more dilutive paper on the way. Q2 was a truly massive $12.5m loss, and really, WHO the fork is gleefully fharting beans now?
And this good citizens is all about the CSE 'Bean Butcher' who has revolutionized the humble bean into a meat analogue that creates a market cap of some $650m. (not a misprint) A $4.5m loss in Q3 on gross revenues of $1.3m. (not a misprint) So sure, if MEAT.c isn't a big enough toilet for your money the CSE has an alternative.
James Davison - 'Bean Butcher'

Friday, October 29, 2021

Going on TILT.c - $ 552m loss in 2018 - Revisited

And really. The BS was thick and Cannacrap deep a few years ago, and where are we today? Don't ask, pfffft.

Naturally our guy simply HAS TO double down on his spewage about vaping. "Tilt Holdings Inc.has released the following statement today from the company's interim chief executive officer, Mark Scatterday, regarding recent media coverage of vaping issues and a temporary vape ban in Massachusetts." This iffing tard spewing when it's OBVIOUS he cannot possibly 'know' a fukkin thing, and whilst piloting this garbage to ever new 52 week lows, well, tis insulting in the extreme.

Until vaping came along NOBODY ever died from smoking pot. The capitalists are sooooooo eager to make money they will kill kids whilst lying like sidewalks, no problemo. "short-term noise" = sux my ass.
Latest and greatest from this group of iffing sad sacks is a splaining of the recent news that vaping is killing folks. (Now 6 dead, 450 sick) " ... recent negative press around vaping, we are finding out that most of this news revolves around non-compliant and black market products."

What these hopeless management retards 'find' as they rip this co's stakeholders off stupid isn't really important to anybody. What they very much NEED to figure out is that vaping is fully untested and unknown.

Right this moment vaping appears the dopiest 'business' decision of the last decade, by far.
Latest from the offense known as Tilt Holdings Inc (TILT.c) is news of a US$125m convertible note financing. The firm has set a minimum financing of US$50m for the note, which can expand to $125m at it's discretion. That conversion is somewhere around $1.10.

In November 2018, the company raised US$119m, with shares being peddled at a price of C$5.25. Proceeds of the latest will go towards the Company’s U.S. $20m Bridge Loan dated April 29, 2019 that bears interest at 18.75%. Truly a body wonders what folks see in enterprises such as this.
"... represents another significant milestone for the Company," said Alex Coleman, Chairman and CEO of Tilt. "These financial results reflect the four way merger that formed Tilt and the corresponding balance sheet adjustments. Overall, we are extremely encouraged by the pro forma results."

Riiiight, sure dude, that's half a fukkin billion into the ether. "Adjusted EBITDA of $(20.7) million compared to $(4.1) million in the prior year, with pro forma adjusted EBITDA of $(39.6) million." Damn tis and a very good example of why we don't touch grossly overvalued pot stocks at all.
Canaccord Genuity reiterated their $7/share “Speculative Buy” target despite a large impairment loss on goodwill, which saw TILT Holdings write-down $496.44 million in non-cash losses.

Tuesday, October 26, 2021

Trump's Media Empire - DWAC.O

Digital World Acquisition (DWAC.O) is a Miami-based special purpose acquisition company (SPAC) that plans to publicly list Trump's new social media venture. TRUTH Social is set for a beta launch next month and full rollout in the first quarter of 2022. SPACs allow private companies to publicly list their shares while sidestepping traditional initial public offerings. The deal, as it sits, is appearing a slam dunk short. Market cap is something past $3b.
Trump declared he would launch a “media powerhouse”. Within hours, hackers posted a picture of a pig taking a shit to the “donaldjtrump” account. The site, called Truth Social, has been taken offline. Banned by all major social networks after his minions stormed the Capitol, Trump has agitated to regain his online megaphone. The Trump media, news and Internet empire would one day compete with CNN, Disney and Facebook Trump predicted.

The site is a Twitter clone: users can post Truths, which are like tweets, or Re-Truths, which are retweets.