Machiavelli Capital

@absreturnchaser I think it’s because the value of the freeholds is not enough to cover the shitty going concern part of the biz

@absreturnchaser Why did 3 funds walk away in the last 18 months tho?

@RayneWothbaum what's the price

@MachiavelliCap lol what is wrong with y'all. Will bet any amount of money via blockchain smart contract that this deal won't happen in the next 3 years. Lmk

New $NKTR CFO: She was most recently the Chief Financial Officer of Adverum Biotechnologies, Inc. from 2022 through its sale to Eli Lilly and Company in 2025 Interesting track record, settlement or sale with $LLY?

@RayneWothbaum Expanding to the bigger picture a takeover doesn't make sense to you? The guy is 73 with 4 years ahead for commercialization. LLY saves a few mills + gets AA optionality AD 2-L + some preclinical stuff given they like to pay $bn for shitcos

@MachiavelliCap "could move the needle" and "clear winner" are very different concepts but I ain't a writer so w/e

@RayneWothbaum I've followed enough cases to know even settlement numbers like $500m or $1bn are usually inflated. I also know building narratives in front of jury is powerful: *admission* of stat test miscal + Dermira acquisition + return rights for free + emails could move the needle

@MachiavelliCap Sophomoric simplification much? Nobody has seen the text of the emails, let alone know the full context. You haven't followed enough legal cases if you think opposing brief gives an accurate picture. They're called arguments for a reason

@RayneWothbaum I mean this CFO is just a random hire, just funny this is the first line of her description in the NKTR 8K Ofc this is unrelated to the settlement, but this lawsuit has a clear winner if you put LLY emails in front of a jury. So it would make sense to buy it

@MachiavelliCap You do understand that $ADVM buyout was a mercy killing, right? And CFOs have nothing to do with legal settlements

Also, the CEO is 73...

@ESGhound Where could be the marginal selling coming from to break this

$axti is one of the funniest pumps i've ever seen, good luck to all

@anchovycapital @2147mill Lawrence will continue to bail this out

@2147mill Going to run out of cash imminently. Have to see if some idiots like PIF bail it out as a vanity project.

Is there a worse looking chart than Aston Martin? $AML Will it ever recover?

@DReds928 It did hit hard indeed!

$SOC 8K gonna hit hard. 🛢️

@yummyCenturyEgg What about the value of the claims against the two brothers

#FirstBrands #DogDooDoo Great article on First Brands. There are so many issues with bidding for these assets, including whether they will still have customers in 6 months, tricky environmental issues, delayed maintenance capex, deficient working capital, and loss of key personnel. Patrick James didn't just paper over losses, he cut a lot of corners. bloomberg.com/news/articles/…

@absreturnchaser I think the bidder has also been unserious not providing a proper detailed non binding proposal and when the company asked they told them they should “guess” the other terms

@ESGhound Did you listen to the Hunterbrook leaked call audio? Peak comedy

@MachiavelliCap no I'm talking about the kind of criminal liability that comes from State crimes and/or a post Trump DOJ taking scalps. Securities fraud is a much lower risk behavior

$SOC has filed a motion to strike down the cease and desist order from the CCC in the court case 25CV00974. There is a hearing schedule on Jan 21, and a decision expected by Feb 18, 2026. Both suggest they have not restarted any operations as they would be non-compliant otherwise

@ESGhound I think the lack of communication is their way of managing that liability, and those lawsuits have pretty high burden of proofs, but still… embarrassing

@MachiavelliCap I mean this is Big Jim's last rodeo so wouldn't put anything below him but yeah there should be a lot of people working there concerned about what their future liability might look like

@ESGhound This is actually insane paired with the pumping of the stock and no updates on actual production, why aren’t these people going to jail tbh

@MachiavelliCap the sable boys can't read, it's very funny

@ESGhound Thank you!

@MachiavelliCap this one should get you there. A local ordinance was preempted bc the issues at hand were extensively covered in NEPA review and 404 permitting. Best case scenario is that the CD serves as a stand in (which defers back to CA for all delegated authority) jacksonkelly.com/uploads/ACP-Op…

@ESGhound Do you see meaningful case law supporting state jurisdiction here? And what about the permit transfer dispute I sense that’s also a major blocker no? I feel risk reward is interesting here for a short

@MachiavelliCap the justification is "phmsa gave us a temporary permit exempting us from one specific inspection/repair requirement therefore we do not have to comply with the entire corpus of the Coastal Act" it's beyond laughable lol