More great news, soon the selling of CPNG will be over, IMO. The lock up period ended in August, CPNG is oversold, again, my opinion.

SoftBank Group Corp.'s Vision Fund has sold shares of South Korean e-commerce giant Coupang Inc. worth $1.69 billion, according to a U.S. Securities and Exchange Commission filing. In the filing made Thursday, SoftBank Group's tech investment fund said that it had sold 57 million shares of Coupang at $29.685 each.Sep 17, 2021

Roots, if we get any true buying, we'll see a little squeeze going on. IMO, we should be way over your 20 bucks, it's just hard to say that with the current price/share.

James Dimon has lead JP Morgan down the path of hell while he's lined the pockets of his shareholders at the cost of hard working people retirement funds. Now he's telling Biden that debt doesn't matter, Lord Have Mercy.

We got some Press in the WSJ, it's just we have some serious shorts knocking us down, in the end, we'll win. Damn, doesn't that look sweet, we found more gold than we were looking for, gold prices are down right now, but the company doesn't need to sell into this market, we'll see what they do, nice problem.



o News Results
First Majestic Silver's 3Q Gold Production More Than Doubles -- Commodity Comment
3:52 pm ET October 12, 2021 (Dow Jones) Print



By Mary de Wet



First Majestic Silver Corp.'s gold production more than doubled in the third quarter from a year ago due to an increase in output of the precious metal from the company's Jerritt Canyon operation.



On the third quarter:

"The Company produced 7.3 million silver equivalent ounces consisting of 3.3 million ounces of silver and 54,525 ounces of gold, representing an increase of 1% and 17%, respectively, compared to the previous quarter primarily due to a 39% increase in gold production from the Jerritt Canyon operation in Nevada," the silver and gold miner said.

First Majestic Silver produced 3.2 million ounces of silver and 25,771 ounces of gold in the third quarter of 2020.

"At the end of the quarter, the Company held 1.4 million ounces of silver in inventory due to suppressed silver prices in the third quarter. Silver sales are anticipated to resume in the fourth quarter. Furthermore, the Company has not withheld sales of any of its gold production."

President and Chief Executive Keith Neumeyer said, "Due to the relative weakness in the silver price throughout the quarter, we decided to suspend silver sales for the third time in the Company's history in an attempt to realize higher prices."

"Looking ahead, we anticipate higher grades to drive production growth at San Dimas, Jerritt Canyon and Santa Elena in the fourth quarter and into 2022," Mr. Neumeyer said.



On the San Dimas Silver/Gold Mine:

"San Dimas produced 1,888,371 ounces of silver and 20,767 ounces of gold representing an increase of 1% and 8%, respectively, compared to the prior quarter for total production of 3,422,032 silver equivalent ounces," First Majestic Silver said.

"The mill processed a total of 214,205 tonnes with average silver and gold grades of 289 g/t and 3.14 g/t, respectively.

"Silver and gold grades are expected to increase in the fourth quarter as a major high-grade area within the Jessica vein of the Central Block was brought online in September."

"Silver and gold recoveries during the quarter averaged 95% and 96%, respectively."



On the Jerritt Canyon Gold Mine:

"During the quarter, Jerritt Canyon produced 26,145 ounces of gold, representing a 39% increase compared to the prior quarter. The increase was primarily due to achieving a full quarter of production under the Company's ownership as well as improved underground mine and plant production rates."

"The mill processed a total of 230,415 tonnes with an average gold grade and recovery of 4.19 g/t and 84%, respectively. Increased ore development rates and processing of lower ore grade from surface material continued during the quarter which resulted in higher tonnage with lower average ore grades processed in the plant."



On the Santa Elena Silver/Gold Mine:

"During the quarter, Santa Elena produced 508,641 ounces of silver and 7,498 ounces of gold representing a decrease of 10% and 11%, respectively, compared to the prior quarter for a total production of 1,061,657 silver equivalent ounces."

"The mill processed a total of 234,862 tonnes consisting of 160,012 tonnes of underground ore and 74,850 tonnes from the existing heap leach pad. Underground production rates were slightly lower than budget due to the loss of the main ventilation fan in August which restricted mining in the 290 level of the Main vein. A new ventilation fan was successfully installed in September and underground rates returned to normal levels."

"Silver and gold grades from underground ore averaged 92 g/t and 1.23 g/t, respectively, while silver and gold grades from the heap leach pad averaged 37 g/t and 0.63 g/t, respectively."

"Silver and gold recoveries averaged 91% and 96%, respectively, during the quarter."



On the La Encantada Silver Mine:

"During the quarter, La Encantada produced 905,074 ounces of silver, representing an 8% increase in ounces compared to the prior quarter. The increase was primarily due to a 9% increase in tonnes processed."

"The mill processed a total of 263,645 tonnes with an average silver grade and recovery of 134 g/t and 80%, respectively."



Write to Mary de Wet at mary.dewet@dowjones.com



(END) Dow Jones Newswires

October 12, 2021 15:52 ET (19:52 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Deep BS going on with Silver IMO, AG has an up day, SLV takes a dive.

One of these mornings we're going to wake up hearing that there's a silver shortage, or we'll hear that Reddit Raiders are going after the shorts in Silver, IMO, AG is worth twice what it's trading for as I type.

I'm adding every week.

Big Shrimp?

That tiny shrimp they were passing back and forth wasn't eight months old, that's for certain.

I've used larger shrimp for bait then that thing.

I've caught more shrimp then they pulled up off of a sea wall in Florida, I agree, something fishy :)

Silver demand in industry has increased, I own VIEW, they add silver into their glass to reduce heat coming thru the window during summer months, while also adding heat during cold months of the year.

How they do that, not sure. Bought VIEW when it was 10+, it's now under five bucks, so they probably aren't doing it all that well :)

Silver was in huge damand in the beginning of COVID, those old fashion silver pitchers kills germs, and they didn't have all these fancy soaps back in the 1800's

Once, silver starts moving, it's going to run. I'm still buying. I don't believe Silver price isn't being controlled by JP Morgan and other large holders. GL

do you know where there is a list of all of her holdings?

I've bought(followed) her before, so straight down a rabbit hole, I think she bought 1.5 million shares of PLTR to get back on my good side for I also own PLTR.

I'm wondering if she owns QS. IMO, everyone should own some QS, it's going to be the talk of EV, soon, too. IMO

Cramer would be careful with Quantumscape Corp (NYSE: QS) because there is real competition in the battery space.

Once people realize how fast Quantumscape's batteries charge up, then how long they last, people will realize that there's really isn't any competition in the battery space.

I agree, I also think anyone invested in this company shouldn't be talking about starving the shrimp, I won't and thanks for the update.

Bio, I think the only reason Citadel is to big to fail is only due to the amount of people they have given money to, lots of money.

Not everyone has the balls to stand before Congress and boldly lie.

Think about it. They are showing you how scared they are, AMC is red.

Citadel Securities, founded by its CEO Ken Griffin, executes many of the orders submitted by Robinhood customers.
Photo: mike blake/Reuters
By
Updated Sept. 28, 2021 7:58 pm ET


Billionaire Ken Griffin’s electronic trading firm, Citadel Securities, is under fire again over its role in the January trading frenzy in shares of GameStop Corp. GME -0.35% after new information surfaced in a lawsuit.

Citadel Securities in a statement Tuesday rejected “Internet conspiracies and Twitter mobs” that have again accused the firm of pushing Robinhood Markets Inc. HOOD -1.01% and other brokerages to limit trading in GameStop and other meme stocks on Jan. 28, a move that resulted in losses for many small investors.

The unusual statement came as the hashtag #KenGriffinLied was trending on Twitter.

The furor was prompted by internal Robinhood communications made public last week as part of a lawsuit filed by investors who were affected by the trading restrictions. The suit is seeking damages from Robinhood and a number of other brokerages, as well as Citadel Securities and some firms that clear stock trades.
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The communications showed executives from Robinhood and Citadel Securities held discussions in the days before the Jan. 28 move, when both firms were grappling with surging trading volumes in meme stocks. While the communications don’t make it clear what the firms discussed, they indicate the talks were acrimonious. In an internal chat message dated Jan. 27, the president of Robinhood’s stockbrokerage arm, Jim Swartwout, said “you wouldnt believe the convo we had with Citadel. total mess.”

Lawyers for the plaintiffs said in a court filing last week that the communications showed Citadel Securities pressured Robinhood to curb small investors’ trading.

Citadel Securities—which executes many of the orders submitted by Robinhood customers—has denied exerting such pressure. In February, Mr. Griffin, the firm’s founder and main shareholder, said in written testimony to the House Financial Services Committee that his firm “had no role in Robinhood’s decision to limit trading in GameStop or any other of the ‘meme’ stocks.”

The trading firm reiterated its stance on Tuesday. “Conspiracy theorists and plaintiffs’ lawyers are trying to concoct an absurd story from regular-way communications among Citadel Securities and the brokers who handle orders for retail investors,” Citadel Securities said in the statement.

The firm said its discussions with brokerages during the GameStop frenzy were aimed at ensuring market stability. “Amid an unprecedented surge in retail trading engagement, our respective teams made sure that operational demands were addressed and that retail investors had access to Citadel Securities’ superior execution capabilities,” Citadel Securities said.

A spokeswoman for Robinhood denied on Tuesday that Citadel Securities had pressured the brokerage to impose the trading restrictions.

“These complaints attempt to create a false narrative of collusion, and we will work vigorously to continue correcting the record with the facts,” she said. “In times of market stress, it’s normal and advisable for us to communicate even more with our market centers.”

Joseph Saveri, a lawyer for the plaintiffs, said the communications uncovered by the lawsuit spoke for themselves.

“What may seem like ‘regular’ conduct to conspirators may fall squarely within the ambit of illegal, anticompetitive conduct,” he said. “Defendants’ actions significantly injured retail investors, and we are determined to litigate this matter effectively on their behalf and prepare the case for trial.”

Robinhood has said that it imposed the Jan. 28 trading curbs because of a $3 billion margin call that morning from the Depository Trust & Clearing Corp., which runs the clearinghouse of U.S. stock trades. By imposing the limits, Robinhood reduced the amount of money it needed to post at the clearinghouse. The DTCC has corroborated Robinhood’s account.

GameStop’s stock price fell 44% on Jan. 28 after a number of brokerages imposed the limits, which prevented many investors from buying the shares or adding to their holdings. The price of the videogame retailer’s stock had rallied earlier, buoyed by a broad campaign on Reddit and other social-media sites in which investors touted GameStop and a few other stocks.

The episode has prompted several congressional hearings and is expected to be the subject of a soon-to-be-released report from the Securities and Exchange Commission.

Electronic trading firms such as Citadel Securities pay retail brokerages for the right to execute their customers’ stock and option orders, a practice called payment for order flow. SEC Chairman Gary Gensler has said the agency is examining payment for order flow as part of a broader review of U.S. stock-market structure prompted by the meme-stock phenomenon.

It certainly is an uphill fight, Apes think that Kenny is the baddest in the land, what about the Judges that we want Kenny to stand in front of?

Judge Rodney Gilstrap Sets an Unwanted Record: Most Cases With Financial Conflicts

The patent-law expert took on 138 cases involving companies in which he or his spouse had a financial interest, a Wall Street Journal investigation found. His defense: His role often was minor, some stocks were held in a trust account.

From today's WSJ

Good to see they are selling something!

Who came up with the idea that they were going to starve the shrimp, that sounds like a bunch of BS to me.

QS has a huge short position, so it's set up for a squeeze. VW is going to make a decision on using it's batteries soon, IMO, if VW goes with QS, that will trigger the squeeze.

Last week QS reported that a second manufacture was interested in QS.

I'd buy at lease some of QS. GL

These are the guys that I'm talking about having a cell with Bubba!!!

The SWAMP never lost a drop of water, not even sure anyone tried to drain it.



Fed Presidents Rosengren, Kaplan to Retire Following Stock Trading Controversy

By Sabrina Escobar
Updated Sept. 27, 2021 4:49 pm ET / Original Sept. 27, 2021 9:21 am ET



Eric Rosengren
Andrew Harrer/Bloomberg

The presidents of the Federal Reserve Banks of Dallas and Boston will step away from their posts. Their departures come amid backlash after both presidents disclosed that they actively traded stocks in 2020.

Dallas Fed president and CEO Rob Kaplan will retire from the bank effective Oct. 8. Kaplan said his “financial disclosure risks becoming a distraction to the Federal Reserve’s execution of vital work.”

Boston Fed President Eric Rosengren plans to retire at the end of September, citing a health condition, the bank said Monday. Rosengren was scheduled to retire in June 2022 in line with the Fed’s mandatory retirement limit. He said he pushed the dates up to deal with a worsening kidney condition and postpone his need for kidney dialysis. He qualified for a kidney transplant in June 2020, he added.

“It has become clear that I should aim to reduce my stress so that I can focus on my health issues,” Rosengren wrote in a letter to Federal Reserve Chair Jerome Powell.

Kaplan and Rosengren previously said their actions were in line with their bank’s codes of conduct and promised to sell their stocks by the end of the month to avoid creating a perception that their trading would conflict with their policy-setting responsibilities.

Since the report, Powell has asked for a comprehensive review of the ethics rules governing central bank senior officials’ personal finance activities. Sen. Elizabeth Warren (D., Mass.), called on all 12 regional Federal Reserve Banks to restrict their leadership teams from trading individual stocks.

“We understand very well that the trust of the American people is essential for us to effectively carry out our mission, and that’s why I directed the Fed to begin a comprehensive review of the ethics rules around permissible financial holdings and activity by Fed officials,” Powell said at a press conference after a Fed policy meeting.

Kaplan has served as president and CEO of Dallas’ central bank for the past six years. The bank said he helped increase the Dallas Fed’s impact on the Federal Reserve System, especially in the area of economic thought leadership. First Vice President Meredith Black will delay her retirement to serve as interim president during the transition.

Rosengren has worked at Boston’s central bank for more than 35 years, becoming the Boston Fed’s 13th president in 2007. He led the bank through the 2008-2009 recession and the 2020 pandemic, supporting the financial system and creating emergency lending facilities, the bank said. Rosengren was also was involved in developing various technology and cybersecurity initiatives, such as the FedNow instant payments system and exploring the creation of a Central Bank Digital Currency.

Kenneth C. Montgomery, who is currently the bank’s first vice president and chief operating officer, will lead the bank when Rosengren steps down. A search committee for a new president already was well under way due to Rosengren’s scheduled 2022 retirement, the bank said.

The major problem is when someone is found to be on the take, they walk away with a small fine, whereas they should be taken to a prison, one where they can tell Bubba about how inside trading works while he's inside Kenny.

BB if this was posted earlier, sorry. I'm way behind in reading posts
Slim

The Securities and Exchange Commission charged two traders with engaging in illegal so-called wash trading of meme stocks, including GameStop Inc., in an alleged scheme that netted them hundreds of thousands of dollars in ill-gotten rebates from a number of stock brokers.

Wash trading is a type of market manipulation whereby a trader attempts to feed the market false information about supply and demand for a particular security, typically by placing buy and sell orders for the same security simultaneously that leaves their actual economic interest in the trade a “wash.”

The SEC said in a complaint Monday that investors Suyun Gu and Yong Lee took advantage of the maker-taker model in options markets that market makers use to attract orders and increase market liquidity. Market makers will pay brokers a “make” fee for placing non-marketable limit orders, or orders that would be unprofitable to make at the time of the trade because of the current price of the underlying security.

They pay these fees to ensure that there will be someone on the other side of trade for those placing marketable orders, who in turn pay a “take” fee. Make fees are typically smaller than take fees, with market makers pocketing the difference.

According to the SEC’s complain, certain brokers will pass make and take fees on to their clients, while others don’t. The agency alleges that Gu and Lee were “able to generate illicit profits by using broker-dealer accounts that passes rebates back to their customers to place initial orders on one side of the market, and then using broker dealer accounts on the other side of the market.”

During February through April of this year, the prices of meme stocks that became favorites of retail traders active on social media, including GameStop GME, +2.33%, AMC Entertainment Holdings Inc. AMC, -1.77% and Nokia Corp. NOK, +0.90%, were rising rapidly. Gu and Lee used these market dynamics to their advantage, correctly surmising that they could earn larger fees than normal by ordering out-of-the-money put options on these and other stocks, the SEC said.

“After certain broker-dealers closed Gu and Lee’s accounts in early March 2021, Gu was able to continue the scheme through mid-April 2021 by lying to broker-deals about his trading strategy, using accounts in the names of other people, and accessing these accounts through virtual private networks to hide his activity,” according to an SEC press release announcing the charges.

“This case demonstrates the SEC’s ability to quickly investigate and expose complex trading schemes, including those conducted during times of significant market volatility,” said Joseph Sansone chief of the SEC’s Market Abuse unit, in a statement.

The SEC has been investigating a number of issues related to the meme-stock phenomenon after some brokers restricted trading in GameStop and other equities because intense retail interest in these stocks triggered massive broker collateral obligations to a central equity clearinghouse.

SEC Chairman Gary Gensler said during a hearing before the Senate Banking Committee earlier this month that the agency is “pretty close” to issuing a comprehensive report on the incident, which may include recommendations for new regulations.

Agreed! Patience is a virtue, in the old days it use to be said that wall street was where the patience man relieved the impatience men of his money; but in the old days, they didn't have billions of shares of counterfeit shares, and another billion shares traded short, yet marked as if they were a long trade.

I'll be around to see how this plays out, too. I was only pointing out that Overstock's CEO was Front and Center on the fight against shorting. AMC doesn't enjoy such leadership.

Private Pyle, what it took for Overstock to squeeze was their CEO, everyone loves AA, but he sold into our squeeze to 72 and killed it.

I'm on record not liking AA; but who am I, just some poor dope watching his bananas get old, while the HEDGE HOGS get rich and the clock keeps ticking, before long, AA will have a new year and a new vote for more shares.

It has, Sonny

May 27, 2022
“Top Gun: Maverick” will now open in theaters on May 27, 2022, instead of Nov. 19, 2021, while another Cruise-led adventure, “Mission: Impossible 7,” will debut on Sept. 30, 2022, instead of May 27, 2022.Sep 1, 2021

I think that Josh would like you to define what eventually means, sure do know that I would.

I'll use the word in a sentence and you can help correct it for me, ok?

Eventually, our NaturalShrimp are going to need larger tanks to swim around in because we don't sell our shrimp, our shrimp are to valuable to sell!

Did I use that word, eventually, right?

I really don't care if they are fresh or frozen, the ones you're talking about are for sale!

We here have what ya'll call NaturalShrimp, them boys and girls are in Shrimp Heaven, just swimming around waiting for their daily feedings, life is good for all NaturalShrimp!

I hear tell, some of those big boys are going out for stud.

The most sought after activity in America is sexual intercourse, yet whores aren't rich

Just because America loves shrimp doesn't make shrimp farmers rich.

By Christmas time, these shrimp should be large enough to pull Old Santa's sled, the way the BS flies around here, no doubt our shrimp can fly, too!

BB, this video pretty much explains my thinking.

JX, you have cantaloupes for holding ATER, GL

As for me, I love the smell of shorts getting burnt!

Obviously, I have no idea if Scorpion Capital covered before the chit hit the fan about another automotive manufacturer wanting in, but I doubt if Scorpion did, doesn't matter, QS was trading north of 60 before Scorpion started shorting us, I'm guessing this recent buying is retail shorts that jumped on for the free ride with Scorpion, who knows!

Me, I was holding waiting for VW's decision to build a factory to make our battery, that decision is coming out before year's end; we're going higher with or without short covering. I own more shares due to Scorpion dropping the price, but I hope Scorpion burns in hell, I dislike shorts immensely.

Hey, L2.............are your tits all jacked up?

You better add AG to your list, it's dirt cheap. It's going to have a wake up move, just like QS.

I've been buying AG from the low 20's, and adding-actually, still adding.

When these RRaiders came aboard, that stopped me from trading inter-day, these dudes and gals are a bunch better than I.

I've liked QS since reading about the solid state battery, then when those dopes from the Hedge Funds started talking about why QS was a short, it became real obvious that they didn't know anything about QS.

I'd love to see their 188 page thesis about why our battery was junk, two quarters ago, Singh was elated when he reported that they increase from one layer to four, and he commented that four was their goal for the year, however, achieving that early wasn't going to stop them. Then last quarter, I thought he was going to cum himself when he said they were at ten layers, two months later, out comes this short thesis.

What sickens me to all get out, those shorts are going to make money, they will be able to cover for they started shorting north of sixty bucks. Only in America.

I told you we'd get the Reddit Raiders, easy call. They will take us much higher!

Top 20 Trending Stocks On WallStreetBets As Of Wednesday, Sept. 22, 2021 (Via Swaggy Stocks)
9:37 am ET September 22, 2021 (Benzinga) Print
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment

Lucid Group (LCID
SmileDirectClub (SDC)
Walt Disney (DIS)
ContextLogic (WISH)
Upstart (UPST)
Tesla (TSLA)
Alibaba (BABA)
SoFi Technologies (SOFI)
Uber (UBER)
Clover Health Investments (CLOV)
Apple (AAPL)
GameStop (GME)
FedEx (FDX)
indie Semiconductor (INDI)
DraftKings (DKNG)
Palantir Technologies (PLTR)
AMC Entertainment (AMC)
Amazon (AMZN)
BlackBerry (BB)
QuantumScape (QS)

© 2021 Benzing

BB and Bio............this is a long read, but IMO, very important. I've highlighted parts that should get you to go back and start reading in the beginning.


Credit Suisse's Archegos Disaster Exposes Cracks in Bank Regulation
5:30 am ET September 21, 2021 (Dow Jones) Print

By Margot Patrick

When Archegos Capital Management blew up, it saddled Credit Suisse Group AG with $5.5 billion in losses. One reason investors and regulators were blindsided: a gap in the regulatory oversight of big international banks.

That is the conclusion of financial risk consultants who have sifted through the wreckage.

It is taken for granted that banking is an international business, with trillions of dollars flowing through firms and across borders every day. But banks operate, and are often regulated, locally. That contradiction can obscure the view of regulators and investors into what is happening inside sprawling global firms.

Archegos revealed "some pretty significant gaps in the oversight of internationally active financial conglomerates," said Jeremy Kress, an assistant professor at the University of Michigan's Ross School of Business and a former Federal Reserve lawyer. "When you have different pieces being booked in different entities, the supervisors may not even know what they're looking for or what questions to ask."

Archegos was one of the biggest international financial disasters in a generation, unleashing sudden losses on banks in Switzerland, the U.S. and Japan. Regulators in all three countries, as well as the U.K., have launched investigations looking into the origins of the failure.

The way Credit Suisse dealt with Archegos is a prime example of the complexities of cross-border banking. The family investment office is based in New York and the bank managed its day-to-day relationship with the firm through teams based in the U.S.

Yet Credit Suisse booked many Archegos trades through its London arm. It did so because these were mostly trades involving derivatives tied to stocks known as total-return swaps, which require little money upfront or public disclosure.

Banks like swaps because they incur lower capital charges than direct loans to clients. London is a trading hub for these instruments, and having them all processed there creates economies of scale, as well as the opportunity for banks to reduce capital charges by offsetting risks from multiple clients in one place.

There is a regulatory impact, too. The trades going through London weren't in the scope of Federal Reserve stress tests of Credit Suisse's U.S. trading arm this year, according to a person familiar with the matter. Credit Suisse's U.S. arm passed the test without any problems.

The practice of recording trades for a client in a different country, known as remote booking, "creates an issue where no single supervisor has oversight over the risks and therefore no one has responsibility for the risks," Mr. Kress said. "We have $10 billion of losses to show that international collaboration is not working," he added, referring to the amount lost across several Wall Street banks from Archegos's unwinding.

If the positions had been included in the U.S. stress tests, considered to be the gold standard globally, regulators might have gleaned that there were concentrated risks lurking, said Andreas Ita, a former UBS Group AG executive and co-founder of consulting firm Orbit36, advising banks on how to avoid similar blowups.

Mr. Ita said the potential capital blow from the Federal Reserve's 2021 stress scenarios on $20 billion in Archegos positions could have been around $3.7 billion, based on Orbit36 estimates.

"This complex booking structure, where the client risk is in London and the positions are booked back into the U.S., means it's one of those cases where the gaps weren't being watched by regulators or anyone," he said.

A report Credit Suisse's board commissioned into the Archegos loss blamed a " lackadaisical attitude towards risk and risk discipline" for the failure. The report, written by law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, said numerous employees reported that the remote booking structure added complexity. But it concluded remote booking didn't obscure Archegos's risks internally, since risk managers in the U.S. and U.K. collaborated on monitoring Archegos.

Banks have pushed back against regulators taking a cross-border view of their operations. Credit Suisse and other international banks lobbied the Federal Reserve to remove them from a group of large banks requiring more oversight, saying they didn't warrant closer examination because their U.S. businesses had become smaller since the financial crisis. They were shifted off the list this year.

They also kept their overseas derivatives and trading activities out of their U.S. resolution plans, or "living wills," after the Federal Reserve backtracked on proposals to include those from this year. Industry groups said the Fed would be extending its reach too far outside its borders, and that work would be duplicated with international regulators.

In U.S. Senate hearings in May, Sen. Elizabeth Warren (D., Mass.) called out the regulatory gap.

"We dodged a bullet with the Archegos collapse this time," she said. "But what slipped through the net by regulators to contain these losses when things go wrong was relatively small to what could have slipped through. It could have been an even bigger failure."

The Federal Reserve declined to comment. Its chairman, Jerome Powell, in April interviews said the Archegos losses indicated risk-management breakdown at some banks, but hadn't threatened financial stability. He said it wasn't an indictment of the Fed's supervision of the banks involved, which included big U.S. lenders.

In the U.K., the Archegos positions were in the purview of an annual capital-planning exercise at Credit Suisse's U.K. unit with the Bank of England's Prudential Regulation Authority, the person familiar with the matter said. The PRA doesn't disclose the results of those exercises, which include applying stress scenarios. A PRA spokeswoman declined to comment.

In July, the PRA upgraded rules around remote booking for international banks, saying it is open to hosting a diverse range of booking arrangements but that risks need to be transparent to the PRA and home regulators.

"With a global business line, risks may crystallize anywhere in the group. Given the U.K.'s role as a global center for trading, those risks are often observed first in the U.K.," the PRA said in the July guidance.

Nick Dunbar, founder of Risky Finance, which tracks banks' risk disclosures for investors, regulators and other clients, said the Archegos trades exposed the tip of a derivatives machine running through London, "hidden in plain sight."

He calculates large U.S. and European banks have more than $3 trillion in equity-swap trades at their U.K. arms, based on his analysis of their U.K. units' regulatory filings.

The Archegos reverberations were felt strongly in Credit Suisse's London unit, Credit Suisse International. Its balance sheet had swelled 38% in the year leading up to Archegos's implosion, even as the bank's overall risk-weighted assets fell 5% in 2020, according to bank filings.

After the Archegos collapse, to shore up the London unit, the bank's Swiss headquarters provided extra liquidity and put a $3.5 billion capital commitment on standby, according to a first-half filing by Credit Suisse International. Its balance sheet was slashed by a third.

Write to Margot Patrick at margot.patrick@wsj.com

Apr 16, 2021 — QuantumScape stock dropped more than 12% on Thursday after short seller Scorpion Capital published a report questioning the company


IMO, Scorpion Capital is controlling the price movement as they cover, that's why the selling to begin the day as well as laddering it down at different points during the day. Once, they have covered, we'll be free to run.

~Where they started shorting:

Time Period:Mar 17, 2021 - Apr 19, 2021
Show:Historical Prices
Frequency:Daily
Currency in USD
Download
Date Open High Low Close* Adj Close** Volume
Apr 19, 2021 35.21 35.51 31.05 31.62 31.62 21,532,900
Apr 16, 2021 37.01 37.71 34.55 35.52 35.52 23,427,600
Apr 15, 2021 36.98 39.37 34.22 35.85 35.85 59,022,500
Apr 14, 2021 42.97 44.27 40.68 40.85 40.85 11,130,300
Apr 13, 2021 42.21 43.13 41.61 42.25 42.25 7,116,200
Apr 12, 2021 44.98 45.44 41.76 41.85 41.85 12,159,800
Apr 09, 2021 47.41 47.41 44.73 45.77 45.77 8,224,500
Apr 08, 2021 47.49 48.45 47.24 47.50 47.50 4,672,900
Apr 07, 2021 49.23 51.58 47.06 47.39 47.39 9,305,600
Apr 06, 2021 48.80 51.19 48.19 49.38 49.38 8,046,300
Apr 05, 2021 50.94 51.25 48.45 49.37 49.37 11,590,400
Apr 01, 2021 52.16 53.20 48.42 49.30 49.30 25,166,200
Mar 31, 2021 45.09 45.88 44.14 44.75 44.75 10,263,200
Mar 30, 2021 42.40 44.13 40.52 44.07 44.07 10,104,200
Mar 29, 2021 44.36 45.30 42.06 42.40 42.40 9,827,100
Mar 26, 2021 46.11 47.73 43.00 44.37 44.37 11,094,000
Mar 25, 2021 42.13 47.10 41.75 45.99 45.99 30,342,400
Mar 24, 2021 58.00 58.15 47.11 47.83 47.83 20,110,000
Mar 23, 2021 59.44 60.50 55.73 57.46 57.46 17,785,800
Mar 22, 2021 59.52 64.80 58.45 64.29 64.29 18,949,600
Mar 19, 2021 56.75 60.97 55.31 59.34 59.34 15,660,500
Mar 18, 2021 58.35 59.60 56.20 56.97 56.97 8,155,100
*Close price adjusted for splits.**Adjusted close price adjusted for both dividends and splits.

That's the beauty of OTCQB; there's a reason it's known as The Venture Market, I'm hoping that Crowin is going to have us all "Crowing"

No one answered my question, does anyone know any of the folks running this company?

There was a lot of selling at the open, my guess anyone that is short better hope VW turns down going with Quantum's battery, or they better cover.

I sure wish the company released the name of the second auto maker interested in our battery.

I'm good with waiting, we'll know in the fullness of time.

For newcomers, Singh is a very conservative CEO, IMO, he does a great job explaining exactly what's going on at each earnings report since they have been a public company.




QuantumScape could pursue legal action after coming under assault in a scathing report released by activist short-seller Scorpion Capital.

“We’re absolutely going to look at that,” Jagdeep Singh, chief executive of QuantumScape, said when CNBC’s Jim Cramer asked if the company would consider filing suit against the firm.

“Some of the points in there are just, just absurd. Absurd to the point where there are... things that we would want to take legal action on.”

Singh appeared on “Mad Money” Friday, one day after Scorpion published the short report. In the 188-page report, Scorpion accused QuantumScape — which became public in November through a blank-check merger — of operating as a “pump and dump SPAC.” It even compared the company to Theranos, the disgraced health tech startup.

QuantumScape shares dropped more than 12% after the information was released. The stock fell again on Friday, contributing to a 28% decline in less than two weeks.

“We don’t want to get too distracted either, but you know, we feel pretty good about where we are,” Singh said.

The battery company said it stands by the data it presented to investors and will continue to build a battery for its customers, such as Volkswagen, which recently invested another $100 million in the company.

QuantumScape argued that Scorpion was motivated to publish the report because it stands to benefit financially from the subsequent drop in share price. Investors who seek to turn a profit on a severe decline in a stock price are known as short-sellers.

“We’ve been always pretty transparent about what we have and the work that remains to be done,” Singh said. “That’s one of the things, frankly, that we pride ourselves on. We think we’ve been the most transparent of any solid-state battery company.”

QuantumScape Targeted By Short Seller

By Al Root
April 16, 2021 11:03 am ET


QuantumScape stock dropped more than 12% on Thursday after short seller Scorpion Capital published a report questioning the company’s claims about the performance of its batteries.

QuantumScape (ticker: QS) stock was up about 4% in Friday trading.

Scorpion’s 188-page report contains partial quotes from interviews with former employees of QuantumScape and battery experts. Simply put, Scorpion tells Barron’s it doesn’t believe the company’s claims about its battery technology and that it misled investors.

QuantumScape management pointed Barron’s to a thread on the company’s Twitter account posted in response to the report. In the social media post, the company denied some of Scorpion’s claims, reviewed data published about its technology, and said Scorpion, as a short seller, has a financial incentive to see the stock price drop.

“QS stands by its data, which speaks for itself. We have provided higher transparency than any other solid-state battery effort we are aware of,” QuantumScape said on Twitter Thursday evening.

In the report, Scorpion said it has sold QuantumScape shares short, meaning it borrowed stock it doesn’t own and sold it, hoping to replace the borrowed shares at a later date after the price has dropped. Short selling is a common hedge fund practice and many short sellers believe it’s important to have some skeptical voices reflected in stock prices.

One claim levied in the report hits at the heart of the company’s technology: Scorpion said QuantumScape must use a liquid electrolyte in its solid-state batteries. Unlike today’s electric-vehicle battery technology that has a liquid medium to facilitate electrical current, QuantumScape says its solid-state batteries have no liquid electrolyte.

Scorpion’s claim is based on interviewing battery experts. There are no QuantumScape batteries in the marketplace to examine. QuantumScape did not specifically address the accusation in its Twitter post.

The electric-vehicle battery pioneer’s technology is new and arcane, involving discussions of temperature, milli-amps, and multiples of atmospheric pressure. QuantumScape is developing solid-state lithium anode rechargeable batteries that promise lower cost, higher range, better safety, and faster charge times for electric vehicles. Success would be a panacea for the electric vehicle industry.

QuantumScape’s technology hasn’t worked in automotive applications yet for a host of reasons, but the company appears to be making progress and is backed by Volkswagen (VOW3.Germany).

This isn’t the first time electric-vehicle investors have had to weigh accusations made by short sellers. Nikola (NKLA), Lordstown Motors (RIDE), and Arcimoto (FUV) have all been targets of skeptical reports. In all three cases, the companies disputed the claims. Their stocks have fallen below where they were trading before the reports were published.

Short sellers aren’t the only reason electric-vehicle stocks have been trading lower. Many smaller, high-growth technology stocks have sold off sharply in recent months as interest rates rise. Roughly 200 SPACs that Barron’s tracks are down about 25% from 52-week highs, on average. Those highs came around late January.

Investors have started focusing on more traditional stocks with leverage to the overall economic recovery. The S&P 500 and Dow Jones Industrial Average are both up roughly 9% over the same span.

Write to Al Root at allen.root@dowjones.com

'jxphilli' Ameritrade has short interest at 160%, I have no idea where you and Master gets updated SI, but if you can check QS out, that would be great.

It seems that 24.90 has some TA resistance, we'd like to blow right on by that and get a little pay back on Mr Shorty.

Thanks