

XsasX
1.8K posts











⚠️ Public service announcement ⚠️ If you are out walking your dog in this heat, you are a certified twat.




Bond update. Call me Koebbel Bond. Thanks to @driver61d1 for the DD and the awesome conversations. We came to the (obvious) conclusion that if shareholders receive cash+equity, by the Absolute Priority Rule, bondholders have to be made 100% whole first. Best example is Hertz, where we have a similar setting and bondholders even received interest on top: ⬇️ archive.is/VlnZJ Thus 2044 bonds with 111% interest on top make the most sense. Today I doubled my position (again). Luckily got them even cheaper than before. To be unimpaired the face value plus interest of my total position is at ~$3.4M now. Sounds good. Store credit claims were cramed down to class 6 and promised to be made 100% whole (see video). And every holder of the same class must be treated equally. Even more evidence that this is the fucking play here. Got shares too of course. Just have more of an appetite for our sweet Bobby. Love the community! See ya all one day.



🍖 Supermarket Steak vs Local Butcher – The Difference is Shocking. A proper butcher picks up a supermarket-packaged rump steak and says: “I mean, you can’t even call that piece of steak. Whoever’s put that on a tray, P45 please.” The supermarket charges £7 for it, with £1.37 of that just for the plastic tray and wrapping. Meanwhile, the local butcher’s equivalent fresh cut is just £5.75, cut fresh that day, better quality, no nonsense. This is why supporting your local butcher makes sense. You get real meat at a better price, not packaging and margins. Have you switched yet? Worth every penny.



Keir Starmer says his “strong leadership” has cut a family of 4 Alton Towers ticket from £200 to £198.36 under the ‘Great British Summer Savings Scheme’. He said: “It currently costs £200 for a family of 4 to visit Alton Towers but with my great British summer savings scheme that is reduced to £198.36.” (Satire)