Split will help with volatility/liquidity and the cheaper price per share should bring in some new investors. If management just focus on buybacks, growing the water biz, and avoiding grotesque legal fees, this can once again do very nicely with WTI nudging $80 per barrel. $750M cash on the books and minimal capex. Inflation is our friend with this gem.

“EMBKW Embark Technology, Inc. - Warrant exercisable for one share at $11.50 per share”

Up another 10%.

Up 10% already. That was quick.

Bright future. Cash on the books. I added.

TPL hitting 52-week highs as Jamie Dimon predicts barrel prices of ~$175. Even management has started showing some initiative with the Bitcoin miner move and the ESG LOI. Still a nice long hold for me.

Strong third quarter puts paid to all the Credit Suisse FUD.

Net income of $83.8 million, or $10.82 EPS
Revenues of $123.7 million
Quarterly cash dividend of $2.75.

The Company reported net income of $190.9 million for the nine months ended September 30, 2021, an increase of 45.5% compared to net income of $131.3 million for the nine months ended September 30, 2020.

“TPL's shares are the last place we would want to be invested in energy.” Lol.

https://greenstocknews.com/news/otcmkts/choof/choom-announces-recapitalization-transactions

The funds are driving this now as they're happy to buy and hold for 3-5 years with a company this well protected, i.e. no debt and revenue only goes up with inflation. And all those DUCs waiting in the wings for next surge in oil demand.

Ticker price probably too high for average penny-grubbing ihubber.

Conf. call was generally pro. No bungles but no hype either.
A few more testing questions would have been nice, but overall on we go.

I’m hoping the dump today was the last of the dilutive private placement deal which was at .07 a share.

It’s the 27mil shares from Feb private placement most likely, which had price of .07. Has to end at some point and then lift off.

About Cognyte Software
Cognyte (formerly a Verint company) is a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Our open software fuses, analyzes, and visualizes disparate data sets at scale to help security organizations find the needles in the haystacks. Over 1,000 government and enterprise customers in more than 100 countries rely on Cognyte's solutions to accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent threats to national security, business continuity, and cyber security. Learn more about how we empower our customers to create a safer world with Actionable Intelligence® at www.cognyte.com.

Interesting play here. CNGT ticker is now Cognyte Software:

Verint Systems has completed the spin-off of Cognyte Software Ltd., marking the start of its journey as a pure-play customer engagement vendor with an exclusive focus and extensive resources—including more than 4,500 professionals worldwide—dedicated to helping organizations provide customer engagement.

Cognyte offers security analytics software that provides governments and enterprises with actionable intelligence.

“Verint becoming a pure-play customer engagement company is happening at the exact right time—a time when digital transformation is driving significant change in how brands engage with their customers," said Dan Bodner, CEO of Verint. "With our open cloud platform, significant domain expertise and broad partner ecosystem, we are well positioned to help brands build enduring customer relationships,” said Verint CEO, Dan Bodner.


https://www.kmworld.com/Articles/News/News/Verint-completes-spin-off-of-Cognyte-Software-145030.aspx

Nice PR. New look site should really help grow revenue.

Thanks Ranch. Inevitable correction today. Let's see where it settles.

So much for cooling off! Monster volume today.

Definitely feels like chart is cooling off for now, which would be healthy. Big picture chart still indicates a lot more room to grow over next few years.

https://investorshub.advfn.com/uimage/uploads/2021/3/13/xsisbtpl.png

Also really interesting about the potential development in fracking tech. Drilling tech breakthroughs have been a big catalyst for growth periods for $TPL over the past century. 1950s... 1970s... 2010s... Getting same oil for cheaper or getting new oil that was previously too deep to reach.

Keep us posted.

Twice as many buys to sells too. Only thing holding this back at this point, imo, is whatever dilutive selling there is left to get through. Should pop up very suddenly after that.

Just too many positives coming together now Choom has made it through lockdown intact. 350% YOY earnings growth is fantastic, trimmed operating costs, new stores and e-commerce website going ahead, plus the huge turbo boost of USA footprint in New Jersey as legislation reform is enacted.

Investor Deck -- https://d1io3yog0oux5.cloudfront.net/_5573dbd3d8ae42ffdd4d908be5c6c410/burgerfi/db/1086/9681/pdf/BFI_Investor_Deck_03.03.21.pdf

Net prem can be checked here --
https://tradeblock.com/markets/index

Currently -6.28. Obviously wider since market is now closed while BTC has kept trading up.

Grayscale Bitcoin Trust (OTCQX: GBTC)
NAV 53.78
Market Price 50.40 -6.28%

Here's article on the BlockFi arb play with GBTC that is contributing to current neg premium --
https://ditchblockfi.com/

Quite right. Thx.

-3% now.

Yup. Probably getting through the last of the dilutive shares issued last month, then it can fly.

GBTC starting buybacks. Negative premium down to -4%. https://www.businesswire.com/news/home/20210310005273/en/Digital-Currency-Group-Announces-Plan-to-Purchase-Shares-of-Grayscale-Bitcoin-Trust-OTCQX-GBTC

I see negative premium as temporary buying opp just as extreme positive premium can be potential signal to take some profit.

If anything buying at 40% premium is more risky than 10% negative. Which is why I loaded a ton when this went to $38, just as I sold a few in upper $50s.

The volatility is a feature not a bug with Bitcoin for foreseeable future. Granted, it took me a few missteps to get the rhythm. I added a few times over the past few months only to get stopped out on the big drops and then watch the price go right back higher by end of the day. “WTF?!” Lol.

So now I wait for the monthly bedwetters convention and pounce.

If you believe in the long term future of Bitcoin, as I do, the fluctuations are there to test the weak from the strong.
That said, Greyscale will still need to figure out redemptions and lower fee to keep customers happy.

Useful twitter thread by Fomocap trades explaining how neg premium happened with $GBTC.
https://twitter.com/Workedia/status/1369413306914574342

1/
1. $GBTC trades at a premium to value as the demand.
2. Borrow BTC, deliver, get restricted shares & sell later to collect premium.
3. Leverage. Trader posts the restricted shares as collateral against the BTC loan > overcollateralized.
4. Crowded trade & it is highly levered.

2/
5. It is very sensitive to BTC price.
6. There is real risk in this trade.
7. If $GBTC trades at a discount, there is a real probability that margin calls will have to be made against these loans or worse, the lenders did not build into their models that premium could go down.

3/ GBTC has a creation process. It does not have a redemption process. Meaning, you can't deliver GBTC to get bitcoin back.
If it did, there would be a process for the traders to get out.

4/ The only way to get out of GBTC is by selling it.
How does one meet a margin call in an illiquid position going badly? You sell what you can to raise money to make your margin calls.

5/ Grayscale offers sale of shares to "accredited investors" at zero premium. Retail investors must buy GBTC at a premium of typically 15-30%.
The accredited investors may hand Grayscale USD or BTC in exchange for the zero premium GBTC shares.

6/ Some of these investors are handing Grayscale borrowed BTC.
After a six-month holding period, the accredited investor may sell their GBTC shares at the market price. So they get to pocket the premium.

7/ In order to close out the transaction, accredited investor needs to buy BTC on the open market to repay their BTC loan.
So the price of BTC has been going up when these accredited investors do that buying.

8/ This allows Grayscale to take possession of borrowed BTC. That's why the price of BTC does not go up when they "buy" a bunch of BTC, but it does go up six months later when those loans are closed out.

9/ Interesting fact regarding GBTC’s investor profile for Y20:
Institutional: 87%
Accredited: 8%
Retirement Accounts: 2%
Family Offices: 3%

10/ Accredited investor needs to buy BTC on the open market to repay their BTC loan. In a sense, they are not paying if they hold
versus you buy GBTC now at market

11/ This is a form of financial engineering which will ultimately blow up. The accredited investors are taking a chance that they will be able to buy BTC on the market with their USD from selling GBTC at a premium.

12/ There are several ways that this can blow up. If the premium disappears, if the BTC market is going up so fast that the investors can't buy back their loan, if BTC price goes up so fast during the six month loan term that BlockFi demands a more collateral than they have.

Coiling up!

Double the volume today. Everyone scrambling to buy in and qualify for the $2.75 dividend? Lol. Seriously, this ticker is a beast.

Congrats to all who scooped at $38-39. Don’t think the negative premium is going to be around much longer.

Everyone did today.

New CFO with great resume. http://www.globenewswire.com/news-release/2021/03/03/2186364/0/en/BurgerFi-Announces-Appointment-of-Michael-Rabinovitch-to-Chief-Financial-Officer.html

Heating up nicely here.

+8% on news and revs only going to grow as lockdown unwinds. Sitting pretty.

Q2 Financial Highlights:

Q2 2021 revenue of $6.1M
Increase of $4.7M and 350% over Q2 2020 revenue of $1.4M

Q2 2021 Gross Margin of 36.37%
Increase of 8.45% over Q2 2020 gross margin of 27.92%

Q2 2021 General and Administrative of $0.9M or 14.09% of revenue
Versus $1.3M or 95.25% of revenue Q2 2020

Q2 2021 Salary and Wages of $1.1M or 18.22% of revenue
Versus $0.7M or 49.41% of revenue Q2 2020

Q2 2021 Adjusted EBITDA1 of $0.2M or 2.90% of revenue
Versus -$1.8M or -135.86% of revenue Q2 2020

Weekly chart looking great --

https://investorshub.advfn.com/uimage/uploads/2021/3/1/dgjiiScreen_Shot_2021-03-01_at_8.39.04_AM.png

"Price target raised to $1,700 at BWS Financial." Their analyst liked the 10-K -- as he should. Buybacks, decreased operating costs, increased DUCs and BOEs, stock split most likely, federal fracking bans, etc., etc.

I think we all know the litany of positives here by now.

https://www.texaspacific.com/investors/news-events/press-releases/detail/112/texas-pacific-land-corporation-announces-fourth-quarter-and

+ 5.87%. No flipping! Even if it's a burger chain.

Panic selling on these bitcoin flash crashes is a bit like letting go at the bottom of a bungee jump.