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Who made BBiG potty in their TYDE Whities?
If AVVH emerged as a competent lender in this market environment then it could lead to a bubba gump shrimp effect where it is the only boat left sailing, IF.
All the money being invested in bank stocks should go to baby food at .5902 gap so that it can run up, feeding babies is systemically important and this is the #1 on Amazon, long term (5 year chart) 3rd wave higher here if at .5902 it can get support on the 50 SMA there next week. This should be a stock people can own for 10 years imo, critical that it gets support so that at least one solid company is successfully focused on trying to feed babies.
Big Short investor provides outlook :
And this is just one bank… how much in deposits are these big players going to send elsewhere until they have nothing left themselves, said it before and I’ll say it again, this strategy is the equivalent of a dumpster fire:
“At the closing bell on Friday, JPMorgan Chase (JPM) was down 3.8%, Citigroup (C) was down 3%, Bank of America (BAC) fell 4% and Wells Fargo WFC moved lower by 3.9%. Those four banks each made $5 billion in uninsured deposits into First Republic Bank.
Goldman Sachs (GS) fell 3.7% and Morgan Stanley (MS) dropped 3.3%. Each provided $2.5 billion to the package of deposits for First Republic.
Bank of New York Mellon (BK) and State Street (STT) were down 4.1% and 4% respectively, while Truist (TFC) was down 7.2%, U.S. Bancorp (USB) was down 9.4% and PNC Financial Services (PNC) was down 4.9%. Those five are providing $1 billion each.
Pershing Square Capital chief Bill Ackman said the $30 billion injection by the banks spreads the default risk to the U.S.'s largest banks and that the move amounted to "bad policy."
"The structurally important banks would never have made this low return investment in deposits unless they were pressured to do so and without assurances that [First Republic Bank] deposits would be backstopped if it failed," Ackman wrote in a tweet late Thursday. “
“The plan announced on Wednesday called for $30 billion in deposits from major banks, including JPMorgan Chase and Bank of America, as a show of confidence in the regional banking system.”
https://www.cnbc.com/2023/03/16/first-republic-falls-25percent-as-regional-bank-stocks-continue-to-sink.html
So people move their money out of the regional banks to the big banks for safety, and the big banks move the money back to the regional banks for confidence in the regional banking system. Hmm, bad idea, seems like an infinite loop, also known as a dumpster fire.
“Ensysce Biosciences
The Trade: Ensysce Biosciences, Inc. (NASDAQ: ENSC) Director Bob G Gower bought a total of 90,287 shares at an average price of $0.49. To acquire these shares, it cost around $44.09 thousand.
What's Happening: Ensysce Biosciences announced critical step in human abuse potential study of PF614 with database lock.
What Ensysce Biosciences Does: Ensysce Biosciences Inc is a clinical-stage biotech company using its proprietary technology platforms to develop safer prescription drugs.“
“The Cfius move came at the same time that Senate lawmakers were rolling out a legislative proposal that could strengthen the government’s legal hand in dealing with perceived threats from foreign-owned apps.
That legislation by Sens. Mark Warner (D., Va.), the chairman of the Senate Intelligence Committee, and John Thune (R., S.D.), the Senate Republican whip, would require the Commerce Department to set up procedures to mitigate risks and potentially ban foreign technology.
That could lead to a ban in appropriate circumstances for a specific platform or service. The measure was quickly endorsed by Biden administration officials.
“This legislation would empower the United States government to prevent certain foreign governments from exploiting technology services operating in the United States in a way that poses risks to Americans’ sensitive data and our national security,” National Security Adviser Jake Sullivan said in a statement.
White House press secretary Karine Jean-Pierre recently declined to say if Mr. Biden would ban TikTok if the bill passed and gave him the authority to do so, but acknowledged the White House had “concerns with this particular app.”
“We want to make sure that the digital products and services Americans use every day are safe and secure,” Ms. Jean-Pierre said.”
https://www.wsj.com/articles/u-s-threatens-to-ban-tiktok-if-chinese-founder-doesnt-sell-ownership-stake-36d7295c
“In March 2021, he was fired from the board of GSK subsidiary, Galvani Bioelectronics, over what GSK called “substantiated” sexual harassment allegations stemming from his time at the parent company.”
https://en.m.wikipedia.org/wiki/Moncef_Slaoui
Quality company, horrible long term chart
The opposite of the publicly implied argument is the trade, it seems.
“The Federal Reserve established a facility to ensure that institutions hit with liquidity problems would have access to cash. The Treasury Department backstopped the program with $25 billion in funds and vowed that depositors with more than $250,000 at SVB and Signature would have full access to their funds.”
25 billion in funds from where went to risky venture capitalists ? Wasn’t there over 180 billion in deposits ?
Ali CIA Keys, Fallin’, 2001 top song
“5:24a ET 3/14/2023 - Benzinga
Playboy Magazine Set To Relaunch With Digital-First Edition
-USA Today
https://www.usatoday.com/story/entertainment/celebrities/2023/03/13/is-playboy-magazine-coming-back-digital-editions/11468493002/
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.“
18.47 gap still there to be filled after CoVid prosecutions of Moderna begin.
“Greg Becker, the chief executive of SVB, "took home $9.9 million in compensation last year, including a $1.5 million bonus for boosting bank profitability — and its riskiness. Joseph DePaolo of Signature got $8.6 million,"”
For 9.9 million a ceo should understand treasury bond investments as they relate to interest rate increases. They probably did, the entire fiasco is a win win for China Biden, distraction and consolidation of power, destruction of the standard of living by bailing out the wealthy, Ukraine pension funds too. This is how corrupt governments deliver for the citizens, toxic mushroom clouds in Ohio, horrible economics, agents who claim to be prioritizing violent criminals and then aim their weapons at catholic families. There literally isn’t a single thing the Biden government has done correctly while calling their enemies fascist, while enlisting late night comedians to speak for them like this is some sort of clown show, it’s on purpose, for China and themselves and their management responsibilities are proven to be an afterthought again and again. Without FBI accountability the corrupt regard their responsibility as the last on a list of things to accomplish on any given day if they ever get around to it, they know the FBI isn’t going to prosecute them for fraud, they feel invincible and maybe they are? Maybe one day the FBI will have enough evidence to pull the plug on those who feel above the law starting with Joseph Biden, Fauci and Pelosi, jail them all and cleanse the nation of the corrupt. How can their be progress, or at the very least a lack of destruction of the United States, with these people in charge? The trend of progress vs destruction can’t get back to even let alone progress given the current State of this farcical government. If they had any shame they would have resigned in shame already for what they have caused.
Cryp-TYDE Getting Closer and Closer:
“A giant seaweed blob so large it can be seen from space is threatening to transform beaches along Florida’s Gulf coast into a brown morass, scientists say.”
“The giant bloom is reportedly 5,000 miles wide and could be one of the largest in history.”
Roth conference concludes today, hoping they announce merger with ESPN or website VSco.co.
“The deal is expected to close in the first quarter of 2023.
The newly formed company is expected to trade on Nasdaq under the ticker symbol "DLOG."”
Any day now to 5.50
LOL
“Are all uninsured deposits now covered by government guarantees?
No. The regulators said they were making an exception for SVB and Signature. The SVB action was taken in consultation with many regulators but also with President Biden -- indicating the unusual nature of their move. Signature was similarly protected under a "systemic risk exception" to backstop its uninsured deposits.”
But wait… That’s the known risk those depositors took to hoard their money as uninsured rather than invest it in their local community and in safer banks , now the local community is bailing out the wealthy money hoarders no matter what the gov says it’s a bailout, so they can hoard their money somewhere else and still not invest it in the local community.
11:39a ET 3/7/2023 - Dow Jones
Volcon Price Target Maintained With a $6.00/Share by Aegis Capital
“6:30p ET 3/6/2023 - Globe Newswire
Volcon ePowersports Reports Annual 2022 Operational and Financial Results
GlobeNewswireMarch 06, 2023
AUSTIN, Texas, March 06, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) ("Volcon'' or the "Company"), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for fiscal year 2022.
Company Highlights:
Through December 31, 2022 signed 151 dealers
Delivered the first 2023 Volcon Brats to customers in December 2022
Have taken pre-orders for the Stag of more than $116 million if all orders are fulfilled1
Taken delivery of our first three Stag validation units in early 2023 that include our custom suspension parts in addition to the GM propulsion components
Grunt EVO and Runt launch expected in the second quarter of 2023
We signed 7 new dealers in the fourth quarter of 2022. Jordan Davis, CEO notes "In the fourth quarter of 2022, we purposely slowed signing of powersports dealers as we expected product shortages as we transitioned the manufacturing of the Grunt to a third party manufacturer and dealt with the shortage of certain parts due to supply chain delays. In February 2023 we hired two new regional sales managers who will cover the Northeast and Southwest US, including California, where we already have dealers who have expressed an interest in carrying the Volcon product line up. We have also hired a regional sales manager to build our dealer network in Canada. We expect to have over 250 dealers in the US and Canada signed by the end of 2023. Pre-orders and interest for the Stag from dealers and consumers continue to be strong. As of the date of our third quarter earnings release we had received pre-orders exceeding our initial planned production volume for 2023 and we continued to take waitlist orders from interested dealers and end users alike during the fourth quarter of 20221.
__________________________
1 Pre-orders are cancellable until they are fulfilled.
We launched the Volcon Brat, the Company's first E-Bike in September 2022, and began taking pre-orders during the third quarter of 2022. We began shipping the Brat to customers in December 2022 and we recognized revenue of approximately $500,000 in the fourth quarter of 2022. In February 2023, we began selling Brats on a direct-to-consumer basis in the US. Customers can purchase a Brat from our website and have it delivered to a location specified by the customer. Davis notes "the launch of the Brat provides Volcon with an entry into the very popular E-Bike product category and it's another way to connect with consumers who are interested in electric vehicle options."
The Stag's development has progressed significantly during the fourth quarter of 2022 and into early 2023. In early 2023, Volcon took delivery of the first three Stag validation units that include the Volcon designed suspension, GM propulsion components, as well as Elka shocks. Christian Okonsky, Chief Technology Officer notes "although there is still significant design and validation work to be completed, these advanced validation units have met our expectations for design and engineering and we expect to see continued improvement as we field additional iterations." Delivery of the Stag is expected to begin late in the second quarter of 2023.
In 2023, we received the first prototypes of the Grunt EVO, the replacement for the Grunt, which includes replacing the chain drive with a Gates belt drive, an improved rear suspension and ergonomically improved seat, as well as modifications to styling. The Grunt EVO will also be available in three colors. In 2023 we also received the first prototypes of the Runt, a smaller version of the Grunt for smaller statured riders. The Runt has a hub motor rather than a chain or belt drive and will also be available in two colors. Davis comments "we have taken feedback from customers on the Grunt and improved the product with the new features included in the Grunt EVO. We are also excited to finally bring the Runt to market as there has been interest in this product since we first announced we would design and build it in 2020. While we abhor delays, it was in the best interest of the company and shareholders to redesign the bike and explore more profitable choices for manufacturing and component sourcing." We expect both the Grunt EVO and Runt to be available for sale in the second quarter of 2023.”
Woke Banks hosting drag shows 100 ——> 1
Treating CF 1 —- > 100
PRC No drag shows here, all business, China plotting against woke idiot sellouts easiest victory in military history:
CMA employees took their kids to a drag show instead of banking:
Arf!
Always second best…
Peni s on the Dollar
Remain Calm! All is Well!
They Want Their Money
No information as to the price drop, no relation to SVB bank failure unless anyone can provide info.
License plate, pause at ‘16
Trump wants vertical takeoff vehicles - Old Biff Vanishes
Banks:
Customers Bancorp Inc. CUBI
First Republic Bank FRB
Etc. etc…
https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa?
“With $209 billion in assets through the end of 2022, Silicon Valley Bank is the second-largest bank failure after Washington Mutual’s 2008 failure. Washington Mutual Bank had $307 billion in assets.”
-From Marketwatch, “What should you do if your bank closes down? People have questions after Silicon Valley Bank collapse.” March 10.
Don’t worry it was a little bank, like when you are playing monopoly and someone is the banker.
But wait…
“Washington Mutual was a conservative savings and loan bank. In 2008, it became the largest failed bank in U.S. history. By the end of 2007, WaMu had more than 43,000 employees, 2,200 branch offices in 15 states, and $188.3 billion in deposits.1 Its biggest customers were individuals and small businesses.”
https://www.thebalancemoney.com/washington-mutual-how-wamu-went-bankrupt-3305620
Lots of bad similarities if you read that article.
That would be the Federal Agency whose rubber stamp killed people after knowing the risks, also called murder. Yes…The US Government chose to murder Americans by placing them in a lose lose situation just like the Chinese military advanced war scouts instructed them too. Banking failure banking failure cascade cascade China invasion repeat Chinese invasion.
18.47 gap all the way down, banking failure banking failure, cascade cascade
“Many tech CEOs rejoiced at the Silicon Valley Bank and Silvergate news, telling CNBC they could now sell their shares for peni s on the dollar”
———>