Steven Kiel

@WallStWary @Roth_Overlord @mike_astarita @BATMongoose @steep_slopes @Mike10947310 @TLS_Invests Even if the post-trial decision comes, there will still be a few years for an appeal, so this sets them up to sell that claim along with the other patents.

@Roth_Overlord @mike_astarita @BATMongoose @steep_slopes @Mike10947310 @TLS_Invests Timings in $fnch probably is expecting to hear from judge soon. I don’t think this is indication of anything regarding the actual amount. I bet the delays has been due to judge figuring out royalty math and if this constitutes 3x. I would be surprised if this is 3x.

$FNCH is down today on filing Chapter 11. But they only have one employee and trial costs are de minimis at this point as it just depends on the judges ruling, afaict. The biggest overhang for Finch has been a multi year lease they signed while they were still fully operational — my read is this is more about the lease and renegotiation or breaking it than anything else (eg I see nothing on PACER)

@Wexboy_Value They just mixed up the words private equity with congress

@Steven_Kiel They even mention the real culprit in the tweet…. 😆🙄

Yet another spectacularly retarded NGO world-view: The 900%+ increase in US college tuition expense over the last 40+ yrs is (apparently) due to private equity price collusion… …even though private equity actually owns LESS THAN ~1% of the US tertiary education sector! 🤣🤡

@zipjet Just a bit more

$LQDA worth more than 36 IF it can earn $8-10 in '27:

Just so people understand what happened here: These women claimed asylum because they were likely to be tortured and killed for a gesture standing up to the regime. The regime then started kidnapping their families instead to force them to come home and face likely execution.

AI flips the game: the real skill isn’t knowing things anymore, it’s knowing when to learn them. What you really need is knowledge velocity : the speed at which you convert ignorance into useful action. You’re not trying to know everything. you’re trying to be able to know anything when it matters. That’s the game now.

"You cannot overtake 15 cars in sunny weather... but you can when it's raining." – Ayrton Senna Market volatility is just "rain" on the track. Most investors pull over and wait for the storm to pass. The best ones do the opposite & use the lack of visibility (short-term uncertainty) to find the grip others can't see.

@CFAs4CFPs @Bleecker__St Yeah, I mean, I have seen a few people suggest this trade and I genuinely don’t understand it. If you wanted to double dip, you would go even more long on $LQDA. Or, just go short $UTHR by itself, but if you do this trade is it not just doing the same thing twice?

@Steven_Kiel @Bleecker__St Yeah, if Yutrepia does well --> Tyvaso doesn't. Just getting greedy and wanting to double dip I guess? Only reason for UTHR short would be if an INSM type situation was a real threat but doesn't seem to be just from timelines.

Bleecker Street believes Via Transportation's organic growth has turned negative for the first time in 5 years, and $VIA is using recent M&A to attempt a cover-up of flagging results into an expiring lock-up that will see $1.2bn of shares come eligible for sale.

@CFAs4CFPs @Bleecker__St Honest question. Why do that trade? Wouldn't it be more profitable to just go extra long $LQDA rather than do that pair? I can understand going long $LQDA and long $UTHR as some sort of hedge, but I don't understand the rationale to go long and short.

@Bleecker__St When's the $LQDA / $UTHR long/short follow up? I was a fan but now seems like you only follow up winners.

When H.H Sheikh Mohammed bin Zayed Al Nahyan, goes live on television and speaks directly to the nation, it means something. He spoke with calm and certainty. He reassured the country and everyone who calls it home. He said it clearly: “All residents are a trust in my care. Protecting our country is a duty. The UAE is safe and strong.” This is our leader. This is our pride. This is our homeland. He also delivered a message to anyone watching: the UAE is beautiful and exemplary, a model for others. The UAE is strong and united. Do not test it. Our duty is to our homeland and to the residents who are our second family. And the promise was clear: the UAE will emerge even stronger. 🇦🇪

@DarkfireCapital 🤣🤣🤣

So I grabbed beers with the former head honcho of the top guitar mag in existence who’s interviewed everyone under the sun - Clapton, Page, John Meyer, Santana - you name it, he knows them all. Most insufferable asshole he’s ever dealt with? Sting, and as he said “by orders of magnitude over the next place finisher” lol…

@AnnaFlorcia @Shark1234564411 RJ just said “at least $1 billion”

@Steven_Kiel @Shark1234564411 💯🎯 Now we know why panic at UTC.

$LQDA over delivers once again. 😲 No slow down, doctors are impressed and patients are seeing the benefits they need. Congratulations RJ and team 🥳 Received more than 3,600 unique patient prescriptions since launch Started more than 2,900 patients on treatment since launch Prescription-to-start conversion remained strong at or above the 85% level reported in the third quarter of 2025 Increased total number of prescribers to approximately 860, more than half of whom have prescribed YUTREPIA to at least 2 patients and 25% have referred 5 or more patients

@AnnaFlorcia @Shark1234564411 And I would be surprised if they don't top that number by a sizeable amount

@AnnaFlorcia @Shark1234564411 RJ said a run rate of $1b by the end of 2026, so we'll see

@ChrisDeMuthJr Will be a good report tomorrow morning with updated scripts.

FAQs Is Judge Andrews alive? Yes. Is he doing judge stuff? Yep. Does he have an opinion on $LQDA? Still nope.

Let's see what Judge Andrews is up to today. Oh is it every single thing other than $LQDA? Why yes it is...

The old Friday afternoon dump

In Feb. 1979, the @nytimes ran “Trusting Khomeini,” an op-ed from a @Princeton “expert” who opined: “Having created a new model of popular revolution based, for the most part, on nonviolent tactics, Iran may yet provide us with a desperately-needed model of humane governance.”

Four weeks ago Saudi Arabia told Iran it would never allow its airspace or territory to be used for attacks. The Crown Prince personally called the Iranian President to deliver that message. It was published by the Saudi Press Agency on January 28. Today the Saudi Ministry of Foreign Affairs released a statement that erases every word of that call. The Kingdom “condemns and denounces in the strongest terms the treacherous Iranian aggression.” It calls the missile strikes a “flagrant violation of the sovereignty” of the UAE, Bahrain, Qatar, Kuwait, and Jordan. It pledges “full solidarity” with every attacked nation. And then the line that changes everything: Saudi Arabia is “placing all its capabilities to support them in all measures they take.” All its capabilities. All measures. That is not diplomatic language. That is a blank check written in the middle of a war. Whatever the UAE decides to do, Saudi Arabia just said it will support. Whatever Bahrain’s response, Saudi will back it. Whatever Jordan, Qatar, or Kuwait determines is necessary, Riyadh just pledged everything it has. One month ago Saudi Arabia was Iran’s diplomatic shield in the Gulf. The kingdom that brokered the 2023 rapprochement with Tehran. The country that told Washington it would not participate. The monarchy that built its entire post-Vision 2030 foreign policy on balancing between Washington and Tehran without choosing. Iran forced the choice this morning by firing missiles at Riyadh. AFP correspondents confirmed explosions in the Saudi capital. The kingdom that spent three years rebuilding ties with Tehran just had Iranian ballistic missiles in its airspace. The country that told America it would stay neutral just watched its sovereignty violated by the same regime it was trying to protect from American strikes. This is the strategic catastrophe Iran’s leadership failed to game out. Every war-game in Tehran assumed the Gulf states would remain neutral or at worst close their airspace. Every IRGC calculation assumed Saudi Arabia would pressure Washington for restraint. Every diplomatic channel Iran maintained through Oman and Qatar assumed those relationships would survive a military exchange. None of those assumptions survived contact with Iranian missiles landing in sovereign Gulf territory. Iran attacked the UAE. One civilian dead in Abu Dhabi from debris. Intercepts confirmed by the Emirati defense ministry. Iran attacked Qatar, the country that hosted its diplomatic back channels. Intercepted, zero damage, confirmed by Qatar’s Interior Ministry. Iran attacked Kuwait, neutral for thirty years. Missiles dealt with in Kuwaiti airspace per KUNA. Iran attacked Jordan, which shot down two ballistic missiles. And Iran attacked Saudi Arabia, the one country whose neutrality was keeping the entire regional balance from collapsing. The Saudi statement warns of “grave consequences of continuing to violate the sovereignty of nations.” It demands the international community “take all firm measures to confront Iranian violations.” This is the language of a state preparing legal and political justification for what comes next. Iran did not just retaliate against Israel this morning. Iran turned every neutral state in the Gulf into an adversary with a single salvo. The coalition that Washington spent months trying to build and could not assemble, Tehran assembled in one morning by attacking everyone simultaneously. The next 72 hours will be defined by what “all capabilities” and “all measures” means when translated from Arabic diplomatic language into military coordination between six countries that now share a common enemy they did not have yesterday.

A state has a duty to protect its youth, not only physically, but intellectually and morally. When university spaces become arenas where extremist narratives are normalized, romanticized, or disguised as activism, responsible governments reassess risk. The UAE invests heavily in education abroad because it believes in global exposure, academic excellence, and cross-cultural engagement. Sending students overseas is not a privilege handed out lightly. It is a strategic investment in future diplomats, engineers, policymakers, and innovators. That investment must be matched by an environment that is safe, balanced, and grounded in genuine scholarship. When certain campuses allow ideological movements to frame terrorism as resistance, glorify violent actors, or pressure students into polarized identity politics, it raises legitimate concerns. Emirati students represent their country’s values of tolerance, coexistence, and stability. They should not be placed in environments where extremist rhetoric is normalized under the banner of free expression. The UAE’s approach to education has always centered on moderation, institutional stability, and zero tolerance for political Islam networks that exploit youth spaces. If safeguards are insufficient, reassessment becomes a matter of national responsibility. Education abroad must remain an opportunity for growth, not exposure to radicalization pipelines. Protecting students is not isolationism. It is governance.

@ragingbullcap @evfcfaddict Congrats Dylan!

As a few of you know, I launched an investment partnership early last year. My annual 2025 letter is available to accredited investors in the link below. I spend most of it highlighting the Zegona thesis and the potential path ahead $ZEG.L