Category: Uncategorized

[U] Surprising… No One: Stock Symbol “DJT” Is Down ~42% — In Just Six Trading Days. Hilarious.

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Updated 04.03.24: Now…

DJT’s new audit firm just amended the 10-K to express substantial doubt about its surviving as a going concern, two days after the first 10-K was filed:

“…Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, it is uncertain that the Company will consummate a business merger in the allotted time. If a business merger is not consummate but the specified date, there will be a mandatory liquidation and subsequent dissolution of the Company. Additionally, the Company has incurred and expects to incur significant cost in pursuit of its acquisition plans. These factors raise a substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty…”

Not a good look.

Cheers — this stock should be trading at… ~$2/share.

Out. End updated portion.

Last week we offered the reasoned, financial metrics based opinion, that this stock is worth about $2/share, if fairly valued for its potential to ever generate positive cash flow, or GAAP EPS.

Many of the MAGAt crowd have said they view buying it as a “campaign contribution”. The problem is… none of this goes to his campaign — and the savvy sellers are routing the ill-informed buyers, now. The stock is down almost 42 percent in just a handful of NASDAQ trading sessions. This means Tangerine has seen about $1 billion evaporate, of his supposed $4.1 billion stake — in the money loser.

And rest assured — this wretched pile of financial mismanagement… has much further to fall.

Hilarious — with a pure “cronies board” (including the fail-son, as well!) to boot — don’t expect that they will right the ship.

[I doubt any of them even know what to do — that’s assuming he’s willing to let them have the freedom to do something sensible, for the stock.]

In sum, he couldn’t make me happier, if he tried. See ‘ya at $2, boys.

नमस्ते

Only About One-Half Of One Percent Of Merck’s “NYSE Float” Is Shorted — Strong Sign Of NYSE Price Stability…

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US Merck is about the twentieth least-shorted stock on the NYSE. As shorts go, it is in the top one fiftieth of one percentile, of all NYSE listed stocks — NOT much shorted.

This would imply both high institutional confidence in the stability of its quarterly financial results — earnings and cash flow… as well as pretty low volatility, in price fluctuations.

As a group, probably only tech rivals pharma, in low percentage shorted metrics.

Now you know.

Onward — to beating BHO44, in the NCAA Women’s brackets (for once!), tonight — if Caitlin Clark can best Angel Reese. We shall see… grin.

नमस्ते

Well… The Ultra Conservative Fifth Cir. Agrees — This Is Just About All Over, With Losses For Texas MAGA Gov. Abbott — And Wins, For The US Constitution.

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As we noted late last week, the able USDC Judge Moses in Del Rio has made new factual findings, ones which deeply undercut Gov. Abbott’s deceptive telling of the events around the “land razor wire” barrier cases.

So the Fifth Circuit has asked the parties whether expedited review is still warranted, given that the water version of the case is proceeding apace to a trial (one which Texas will lose), and the abomination called TX SB-4 (the “arrest on sight” measure) is effectively dead, by both Fifth Cir. orders, and US Supreme Court interim orders.

…This case has been removed from abeyance.

The court would like the parties to address whether, in light of the district court’s supplemental findings, expedited review is still warranted. The parties should respond by letter to the court on or before Friday, April 5, 2024….

I still expect that feckless Texas AG Paxton (for MAGA Gov. Abbott) will still push for an answer, quickly — but it is clear that FHS and CBP are in charge again along the Rio Grande. It is all over, except for the shouting now. Onward.

नमस्ते

Serious Q.: Did The Oklahoma Prosecutor Offer Any Evidence… That She Had NOT Worn This Style The Whole Time She Was Married?!

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In 2004, an Oklahoma Prosecutor sought the death penalty against a woman when her husband turned up dead — and she had, within a few weeks later, traveled to Mexico… with thong underwear in her suitcase. Clean… underwear. What?! Yep — A judge let that be admitted into evidence in a capital “lying in wait” murder trial.

Of course, the prosecutor did not prove — let alone even offer whisper of a suggestion, that this widow had not worn thongs her entire adult life. [Many women find them more comfortable, than granny-panties — I am reliably informed.]

The Oklahoma prosecutor claimed that the thong underwear helped prove(?!?!?) she killed him, to be able to chase all the men she wanted. In thongs. Gasp.

This month the Supremes will decide whether to hear her appeal — was this a wildly improper attempt to paint the woman as a Jezebel? An appeal to local prejudice? In what way could her packed underwear choice be… evidence of a murderous intent, weeks earlier? [There was no blood on any of them. And they were only found weeks later in luggage for a trip. No evidence to connect it in any way to the man’s death.]

No, it seems clear: this was solely intended to appeal to the prejudices of the locals: “nice” X-ian women don’t wear them.

Only Jezebels do.

BTW, she is the only woman on death row in Oklahoma. He got his capital murder conviction. At least for the moment.

DAMN. [Yes this is an echo to Fitzgerald’s poem of midnight.]

For April — Something… Different.

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Yes… it is now… as of moments ago — April. And so I offer a poem from long ago — one that… resonates, even all these years on.

“Our April Letter”

— F. Scott Fitzgerald

This is April again. Roller skates rain slowly
down the street
Your voice far away on the phone
Once I would have jumped like a clown
through a hoop—
but
“Then the area of infection
has increased? …oh …What can I expect
after all—I’ve had worse
shocks.
Anyhow, I know and that’s
something.” (Like hell it is, but
it’s what you say to an X-ray
doctor.)
Then the past whispering faint
now on another phone:
“Is there any change?”
“Little or no change”
“I see”
The roller skates rain down the
streets,
The black cars shine between the
leaves,
Your voice far away:
“I am going with my daughter to the
country.
My husband left today. . . No he knows
nothing.”
“Good”.
I have asked a lot of my
emotions—one hundred and
twenty stories, The price was
high, right up with Kipling,
because there was one little drop
of something not blood, not a
tear, not my seed, but me more
intimately than these, in every
story, it was the extra I had. Now
it has gone and I am just like you
now.
Once the phial was full—here is
the bottle it came in.
Hold on there’s a drop left there.
. . No, it was just the way the
light fell
But your voice on the telephone.
If I hadn’t abused words so what
you said might have meant
something.

But one hundred and twenty
stories
April evening spreads over
everything, the purple blur left
by a child who has used the
whole paint-box.

Excellent — and perhaps not so stale, afterall.

नमस्ते

So… THIS Is Why It Might Be Good Idea — To Solve The Name Confusion — Between US, And German “Mercks”: Bloomberg Still Getting It Wrong.

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Don’t misunderstand — Bloomberg is a great news outlet. It has generally very reliable business and law stories, and pharma- ones. [And it may have left some interns in charge of final edits — on videos — on Good Friday afternoon, for all we know.]

But over the at least last 15 years, we’ve documented at least ten or more news outlets (besides Bloomberg and the WSJ) — including the EU-based ones — that have run stories and pictures, and video… referring to the “wrong” Merck… in the outlet’s own story. So too, again — here on Good Friday just passed.

It is crystal clear they mean Rob’s US based firm (with copious references to the PAH biologic approval at FDA this week, no less!) — but the High-Def video open all weekend. . .– but the High-Def video open all weekend… is of the German firm’s HQ, in the gloaming — at… Darmstadt.

By late on Easter Sunday, the editors had corrected the video — but this is precisely why either a settlement or litigation must ensue. People may begin buying the German firm, thinking they get the US powerhouse’s earnings — when in fact, the German firm is now a waif, by comparison. Here’s the corrected link:

…Merck Chair and CEO Robert M. Davis discusses the US approval of Winrevair, a new treatment for a rare, dangerous form of high blood pressure.

Speaking on Bloomberg Television, Davis also comments on Merck’s development of an obesity-fighting drug and health-care costs. (Video edited to remove incorrect graphics)….

Now you know — let’s be careful out there folks… onward, to the Women’s LSU v. Iowa rematch! Grin.

नमस्ते

[U] So… Hinderaker Doesn’t Understand… Any “Rules of Evidence” In Charging Crimes.

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Hinderaker offers a laughably wrong on the law opinion tonight.

If we were to apply his lack of understanding of evidence to what’s already in court, as to Tangerine — he’d be under the jail.

For example, we all know Jared and Ivanka made about $44 million in one year, from foreign sources, while working in the West Wing, with and for… Trump.

But we all also know… no authority has charged, let alone indicted/arraigned Cheetolini — for anything related to those grifts.

Because there is no proof that Trump himself received funds.

So it is… insane that John thinks income to an adult son (or brother) who has never served anywhere in government — without any proof that his father (or brother) ever received a penny — even if we implausibly believe the payments were to curry favor… is any form of crime, by the father.

There is simply no proof the father was aware of the son’s actions, while in office. There is nothing… to any of it — unless Hinderaker’s suggesting that Ivanka’s crimes are attributable to Trump — without a single bank record. Damn son.

Just so, as Jack Smith isn’t claiming Trump was aware, or knew (let alone received anything) when Jared and Ivanka took non US origin influence deals — while in office.

Silly idiot, Hinderaker. It’s all… just silly.

Update: Add to that, that Hinderaker is delusional about Tangerine’s 2024 chances.

Hilarious!

Out.

The Prior Post, On Dengue Abatement — Was So That I Might Contrast REAL Science, With The Views Of A Blithering Idiot… Bill Otis, At “Ringside”…

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Well… Silly Billy would tell us that every ill modern public schools (and private ones, too — it seems!) suffer… is the result of the COVID pandemic response efforts in the US — from Dr. Fauci and CDC and HHS.

Wow.

That’s some “double o’s level“… Stoopid.

BTW, wasn’t the Cheetolini preznit, then?

Yup….

He was. [Here’s the real pandemic sciences view.]

All while Hayward shows he knows… nothing of Catholicism in the US, or real bioscience ethics.

Dengue Fever Update: A Significant Explosion — In Early 2024 Infection Rates, In Central And South America…

~ condor ~ 1 Comment

Dengue is a high-burden mosquito borne virus, resulting in debilitatingly high fevers in perhaps 4.5 million humans a year, who are bitten. While a vaccine exists, its limited approved patient population (ages 9 to 16) should be carefully considered, along with the costs ($119, for the three doses) — because in a typical year, about 3,000 people will die from the virus. But this year, given the 3X explosion in cases — just in the Spring — that death toll may eclipse 10,000… if more aggressive measures are not employed — and employed rapidly, now.

It is typical that the rate of viral infections will accelerate from Spring well into early Fall — which could see over 15 million cases presented, by then.

Perhaps the most effective advice in South America, at least — will be to be… religious about sleeping every night in netting, in the Southern Cone. Here’s all the latest, from the ever-reliable Univ. of Minnesota’s CIDRAP site:

…At a media briefing today, top officials with the Pan American Health Organization (PAHO) warned that cases in region are running three times higher than last year at this time, putting the region on track to break last year’s record of 4.5 million cases. Jarbas Barbosa, MD, PAHO’s director, said countries in the Southern Cone, including Brazil, Argentina, and Brazil, are experiencing summer surges.

He added, however, that countries that typically see dengue rises in the second half of the year are also seeing upticks in cases, including Barbados, Costa Rica, Guadeloupe, Guatemala, Martinique, and Mexico. So far, the region has recorded 3.5 million cases, about 1,000 of them fatal. Health officials urged countries to double down on mosquito control efforts and to support the ability of healthcare providers to recognize and treat cases early….

Onward — to Easter then, smiling, just the same.

नमस्ते

Another Texas State Level “Selective [Racial] Prosecution” Case… Dumped. Finally!

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We will close out a Good Friday ’24 — with this.

Ignoring the actual attempts by dozens (if not hundreds) of Texans, to thwart the lawful and peaceful transfer of power on January 6, 2021, Gov. Abbott’s men — and they are clearly mostly whyte men — prosecuted a woman of color, seeking to send her back for five MORE years of jail… solely for incorrectly signing a PROVISIONAL ballot. A Democratic one, at that — in a polling place where she was not officially yet registered. But now that’s all finally over — behind her; here’s the story:

…A Texas appeals court has overturned a Fort Worth woman’s voter fraud conviction and five-year prison term for casting an illegal provisional ballot.

Crystal Mason did not know that being on probation for a previous felony conviction left her ineligible to vote in 2016, the Second District Court of Appeals in Fort Worth ruled on Thursday.

Appearing near tears at times, Mason said during a Friday news conference that it has been a long seven years since the voting charge. “I’ve been out for six years on an appeal bond, one foot in one foot out, not knowing if I was going back to prison,” Mason said.

“When I got the news… I was just overwhelmed in joy, it’s been a long journey,” Mason said. “I cried and hollered when I got the news….”

Thomas Buser-Clancy, an attorney for the American Civil Liberties Union of Texas, called the ruling “a victory for democracy.”

“Mrs. Mason never should have been prosecuted for what was at worst an innocent misunderstanding,” said Buser-Clancy. He noted that the ballot wasn’t counted because she was not a registered voter, and said the case should have ended there….

Do better. Be better. Take it to heart Gov. Abbott. Out.

नमस्ते