
đź’ĄPETITIONđź’Ą
@petition
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Irreverent financial market analysis/commentary with a focus on chapter 11 bankruptcy, restructuring & distressed investing. DYOR. NF-or-legal-A. Subscribe 👇
Joined October 2014
Strongly considering starting a subreddit called "WallStreetDebts" to discuss:. 📍Independent directors who are clearly not independent.📍PE shops' shameless div recaps and financial pillaging of balance sheets.📍Sh*tty lawyers who violate ethics on the reg. 📍Arrogant judges.
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Even a broken clock is right twice a day. This jacka$$ lost Moms and Pops millions at the top of the SPAC craze and now he has the meat hammock to do an "I told you so". ?! GFY, @chamath.
13 years ago, around when this video was taken, I wrote an Op-Ed in Bloomberg advocating every person in the world putting 1% of their then net worth into Bitcoin. The price of Bitcoin then was $80.
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You can read about it here: .
petition11.com
"Uber for Dogs" company takes a sidewalk dump on public shareholders.
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$PET is yet another example of a '21-'22 era deSPAC to sh*t the bed . or sidewalk in this case. The company filed for chapter 11 bankruptcy to effectuate a debt-for-equity plan, wiping out high profile equity holders like @naval @GreylockVC and General Catalyst.
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Up in smoke or in RX pros' pockets.
Is @OpenStore done?. Site redirects to Jack Archer, maybe the last brand left in the portfolio?. Feels like the end of the Shopify/Amazon rollup wave. Are any of the Thrasio-style models still around?. $10s of B's of $$ went up in smoke chasing this playbook.
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RT @petition: Private credit guys patting themselves on the back for a loan realizing and not going tits up is high key absurd. https://t.c….
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By the time we finish reading @BillAckman and @tyler's posts about the NYC mayor election it will be time to vote in the NYC mayor election.
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What a narcissitic douche.
Incredible that almost 58k people voted. I hope everyone that voted “No” feels seen. Now onto business. I got calls from many Wall Street and Crypto Titans yesterday. They all want in and their vote matters a lot to me so. I will probably do it. Maybe this time it will.
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Yesterday we wrote about two deeply distressed Oaktree situations: $PNST + $TPIC.
petition11.com
Ones to Watch: Pinstripes Holdings Inc. ($PNST) + TPI Composites Inc. ($TPIC)
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RT @ValueSituations: Interesting post from @MikeFritzell and timely too given what I see as a maturing of the @SubstackInc platform. Mike's….
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