Aadit Sheth
RT @basicprompts: Karpathy shares the 3-step blueprint on how to master anything https://t.co/a2ubKONac6
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Dalius - Special Sits
$ANEB is clearly not working out, the stock is down 30% since July.

The shareholder vote to approve the reverse split was expected on August 22, yet there have been no updates whatsoever. They haven’t even announced whether the shareholder meeting was held, adjourned, or if the whole transaction was cancelled. While it’s clear the deal is off, the lack of clarity on what’s going on is quite surprising.

Odd-lot reverse splits are much more complicated than they appear on the surface.

Received a few inquiries from subscribers and followers on Twitter, so here’s why I’m not involved with $ANEB.

Any pushback is always welcome.

ANEB is pursuing a “going dark” transaction via a reverse stock split at a ratio between 1-for-2,500 and 1-for-7,500, with a fixed cash-out price of $3.50 per pre-split share. A 2,499-share position implies ~$1,100 upside at current prices.

Shareholder approval is almost certain. The main risk is cancellation, repricing, or a lower split ratio.

Since the announcement, significant arb activity has occurred. The anticipated cash-out cost is $1.8M, but with 20M shares traded on the day of the announcement, even a small fraction of traders taking odd-lot positions could dramatically increase the cost.

If just 500 shareholders participate at the lower ratio, the cost jumps to $4.4M. In reality, the number of participants could easily exceed 1,000, making the transaction financially unfeasible.

ANEB has $13M in cash and burns ~$2M per quarter, meaning it may less than ~$10M by the time of the vote. You do the math, this deal is unlikely to go through on current terms if retail participation scales up. - Dalius - Special Sits
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Dalius - Special Sits
Just days left for the best non-Netflix drama: $LWAY finale.

Stock trades ~20% above Danone’s last offer with the NDA expiring Sept 15. Agreement can be extended by 7 days, but resolution is near.

Either a sale announcement or a clear path to a board overhaul. Lock in😅

My favorite corporate drama, $LWAY, has been developing quite well.

The stock has been ripping since my last update on the restarted sale talks with Danone, further supported by solid Q2 results. LWAY now trades almost 17% above Danone’s previous bid and 40% above the write-up levels on SSI.

Yesterday, I took half of my chips off the table and am holding the rest for the outcome of the ongoing negotiations. - Dalius - Special Sits
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soken
Bitcoin goes up 5%
bro with 0.01 BTC

Me when I close a trade with a PnL of $3.47 https://t.co/4wcJ9NWov4 - Binance
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soken
wife: i want the new iphone 17
me: buys it and still stacks more btc
happy wife happy life

@coffebit ☝🏿😔 https://t.co/anakGgIyJC - Ence
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soken
RT @chiquimafia__: yo entrando a laburar después de un pipazo: https://t.co/ksJ9QCWq1R
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Dimitry Nakhla | Babylon Capital®
Copart has $4.79B in Cash & $0 LT Debt 💵

Factoring in its cash balance, $CPRT trades for ~25.65x NTM earnings

Not so bad for a wide-moat leader that operates in a duopoly with a proven track record of excellent capital allocation & acting in the best interest of shareholders https://t.co/rvWIaAr4bZ
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Simplifying Stocks, CPA
United $UAL now offers Inflight dating via hinge

Late cycle activity https://t.co/CRa5UTXYMN
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Yellowbrick Investing
$PERR.PA

If you’re allocating around EU defence, nuclear maintenance, & critical-infra resiliency, one way to play it is to buy tier-one subcontractors who actually ship and service. Ones that show up with toolboxes, not press releases that rhyme with “moonshot” $PERR.PA fits that bill
🧵 - 😈———-(📐
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