SmallCapKing - aka “Bob”

Iran claims multiple strikes have destroyed 5 U.S. air defense radar systems at Al-Jaber Air Base in Kuwait.

🦔A Nikkei investigation found that Alphabet, Microsoft, Amazon, Meta, and Oracle have $1.65 trillion in debt that doesn't appear on their balance sheets, more than the $1.35 trillion they officially report. These are GPU contracts, data center leases, and joint ventures that don't count as debt under accounting rules until the facilities go live. Meta's hidden debt is $420 billion, triple its reported debt. Oracle's grew 30-fold in four years. All five declined to comment. My Take Nikkei examined the actual filings and put a number on something the BIS already flagged as "shadow borrowing" back in March. These companies owe more off their balance sheets than on them, and the accounting rules let them keep it that way until the data centers go live. That's legal, but it means investors looking at quarterly earnings this week are seeing less than half the picture. Four of these five report earnings in the next two weeks. The reported debt will look manageable. The $1.65 trillion in footnotes won't make the headlines. But when those data centers start operating, the leases hit the books all at once. If AI demand comes in below projections, those facilities get marked down and the losses land on the investors and insurance policyholders who funded the construction through private credit and project bonds without realizing how much total exposure they were carrying. Hedgie🤗

Trump's 18-month deadline to cut electricity prices in half has arrived. Rates are up 18%.

🚨 Heavy $GME activity on the tape today: • ~692.5K shares printed on DARK ask-side executions • Total value: ~$15.1M

Today's TACO attempts were completely disregarded by the market. Iran is massing troops on the Kuwaiti border, and we have been moving ground assets into position for days now. The writing appears to be on the wall.

Commodity market guru Jeff Currie on the market's biggest disconnect right now: "In my entire career, I have never seen energy this tight, yet the world focuses on tech ... while the best-performing asset class (commodities) is ignored."

$BATL As a major activist-style or value investor in energy, Luminus has deep networks with other E&P firms, private equity, and strategic buyers in oil & gas. It has participated in restructurings, preferred stock deals, and conversions that often precede or facilitate M&A.

Largest shareholder influence: Luminus holds ~39%+ beneficial ownership of $BATL (common + preferred stock as of mid-2026 filings), giving it substantial sway over strategy, including any sale, merger, or recapitalization.

$BATL ➡️ $1.61 ($35M MC Free float ➡️ 20M Major Shareholders/Investors • Luminus Management LLC / Luminus Energy Partners (largest shareholder, ~40%+ ownership influence via common and preferred stock) • Oaktree Capital Management (Brookfield-related, significant stake)