Syke

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Syke

Syke

@sykeone

Digital stuff and tired Angeleno

Katılım Haziran 2009
936 Takip Edilen680 Takipçiler
Syke
Syke@sykeone·
@br_anlee @ABC7 Why? It's nice to get news around the world that affects us here
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ABC7 Eyewitness News
South Korean police said Tuesday they are seeking to arrest music mogul Bang Si-Hyuk, chairman of the agency behind K-pop supergroup BTS, as they expand an investigation into allegations that he illegally gained more than $100 million in an investor fraud scheme. spr.ly/6010BB8n4G
ABC7 Eyewitness News tweet media
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Ryan Mac 🙃
Ryan Mac 🙃@RMac18·
even one of Musk's biggest fans can't swallow his pitch on AI and robotics creating society-changing "abundance" where money supposedly money won't matter and no one will have to work
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Ryan Mac 🙃
Ryan Mac 🙃@RMac18·
“everyone can have a penthouse”
Ryan Mac 🙃 tweet media
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Syke
Syke@sykeone·
@FinEconGlobal Was literally handling aunt getting pet scan when i saw this post. Just got a official cancer diagnosis few weeks ago. Its also happening with younger folks
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Syke
Syke@sykeone·
@ProvenReserves Thats too much text in white on a very bright background. Congrats or my condolences or something.
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Josh Young
Josh Young@JoshYoung·
Why is China only drawing 1 million bpd from their SPR? Don't they supposedly have 1.2 billion barrels of oil in their strategic reserves? Maybe they don't think this war is ending anytime soon?
Energy Headline News@OilHeadlineNews

China Authorizes State Refiners to Tap Oil Reserves Amid Energy Crunch @SinoMarkets China has allowed state refiners to draw on commercial oil reserves as a six-week Middle East war tightens global energy supplies, according to people familiar with the matter. Companies including China Petrochemical Corp. and China National Petroleum Corp. will be permitted to use inventories held at storage and processing facilities. Analysts at Energy Aspects estimate potential drawdowns of around 1 million barrels per day between April and June, while other forecasts suggest similar levels in the near term. China imports about 11 million barrels of crude per day, though authorities did not comment.

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ProvenReserves
ProvenReserves@ProvenReserves·
South American oil looks so hot right now. Amazing egress - it's really easy to transport it when much of it comes out of the ocean. And there there are no pepsi muslims firing missiles at coca-cola muslims or Russians fighting with diet russians to fuck up your investment.
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Syke
Syke@sykeone·
@Bitconnnneeeect @kturet @RodAlzmann @mister_z999 @MrMojoRisinX It's great you're calling out crypto scams. But in this case he wasn't completely wrong. $maps is trading under nav value, and he did warn management will try to throw the kitchen sink at it to buyout cheaper. Buying the stock was each individuals choice.
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Bitconnnneeeect
Bitconnnneeeect@Bitconnnneeeect·
@sykeone @kturet @RodAlzmann @mister_z999 @MrMojoRisinX He went online to pump his bags. It's a common occurrence in the world of crypto. A simple apology for being Shill Prime for $MAPS right before what will be a 90% drop in stock price would go a long way with his followers.
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Mojo
Mojo@MrMojoRisinX·
I received several messages this morning on that other platform (subbbbbb.....st*ck) about ticker $MAPS. I am not that familiar with this company/stock, but I have heard a pitch and recall the insiders attempting a management led buyout in the past. I am not involved and am very unlikely to get involved directly as I am pretty busy with some other mandates that involve constructively working with c-suites to effectuate change. If I understand this correctly, $MAPS runs a two-sided cannabis technology platform. Weedmaps connects cannabis buyers to licensed dispensaries on the consumer side. WM Business sells SaaS tools including menu management, CRM, loyalty programs, and delivery logistics on the merchant side. Revenue comes from monthly listing subscriptions and advertising placements. Seems like there are potential buyers for this business ranging from DASH, UBER, GoPuff, perhaps even direct competitors like YELP, and then distressed PE who would likely restructure the business, clean it up, wait for rescheduling catalyst, and then flip to a strategic partner. Jack Dorsey and Block are also interesting here given Block's existing presence in the payments and POS space for small merchants, and cannabis dispensaries are exactly the kind of underserved merchant vertical that fits that thesis. So today, MAPS surprised its holder base with not another take private proposal but instead announced it would voluntarily delist from Nasdaq and move to OTC markets. The company plans to file a Form 15, which terminates its SEC reporting obligations entirely, and the last day of Nasdaq trading is expected to be April 24, 2026. Btw $TOKE owns 800k shares and is also liquidating so they probably exited their position today in this 50% downdraft (12mn+shares have traded). Again, I am new to this situation, but this looks coordinated and frankly well thought out. The MAPS board was almost entirely replaced in the months prior to this announcement. Three new directors were appointed between February and March 2026, all with ties to the founders or cannabis private deals. Scott Gordon, the most prominent independent voice and former CEO of the SPAC that took MAPS public, resigned one day before the delisting was announced. The company also switched auditors four days before the announcement. Co-founders Doug Francis and Justin Hartfield control roughly 40% of the combined voting stock. Francis is now both CEO and Chairman. They previously attempted a take-private bid at $1.70 per share in late 2024 but withdrew it in June 2025 after a special committee was formed to evaluate it. I want to be careful here, but this is how I see the alleged strategy. By delisting before making any formal bid, the founders avoid triggering Delaware's "Entire Fairness" review standard, which would require a fairness opinion from an investment bank that would almost certainly highlight the gap between the $62 million cash position and the market cap. Once the stock drifts to pennies on OTC with no institutional coverage and no SEC filings, they can make a lowball offer and claim they are paying a premium to the OTC price. They then wait for federal cannabis rescheduling or banking reform and sell to a strategic buyer at a massive multiple. From there, a Nevada reincorporation becomes the logical next move for bad actors who want to finish the job, and I have written about this playbook before in tweets and Inside Mojo. Delaware allows lawsuits for breach of the duty of loyalty. Nevada requires proof of intentional misconduct or fraud, a much higher bar. With founders controlling 40% of the vote and institutional holders likely exiting, pushing through a reincorporation vote becomes realistic. If these guys are as calculated as this looks, that is likely already on the whiteboard. Which is why anyone considering action needs to move with urgency. Once they go dark and reincorporate, the legal window closes pretty fast. On what shareholders can actually do today: the most actionable path is social media pressure combined with finding a white knight who believes in this business and can move quickly. And critically, a legitimate acquirer does not need to go through this board. A formal tender offer goes directly to shareholders and requires public SEC filings, meaning an interested party could bypass the board entirely and take an offer straight to holders before April 24. Any bidder crossing 5% ownership also triggers a mandatory Schedule 13D filing, so this does not happen quietly. The window to make that move while MAPS is still listed on Nasdaq is two weeks. The legal paths, breach of fiduciary duty and securities fraud tied to the prior MAU misrepresentation, a matter they have already settled once, are real but slow and expensive. If a formal merger or squeeze-out eventually happens, Delaware appraisal rights allow dissenting shareholders to demand a judicial valuation, but that is a years-long process. The white knight angle is the one worth pursuing hard and fast. Anyone seriously looking at this, feel free to reach out.
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Syke
Syke@sykeone·
@kturet @RodAlzmann @Bitconnnneeeect @mister_z999 @MrMojoRisinX What do you want him to do? He's on a public platform just putting out his opinion and thoughts and reasoning why he doing what he is doing. Personally whether he is successful in his endeavor its been pretty educational on his process.
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Syke
Syke@sykeone·
$Maps - As far as I remember, they might not have many options in terms of going bankrupt as cannabis doesn't have federal protection...the biggest risk now I can think of dilution. Am I wrong? Can someone point out any cases that I can look into thats the opposite or supportive?
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Syke
Syke@sykeone·
@LegalJose Topic wise or app performance? It's been very ruggy lately
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Legal Jose
Legal Jose@LegalJose·
All the spaces fucking SUCK right now
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Syke
Syke@sykeone·
@MrMojoRisinX Can't seem to dm you unless we follow each other
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Syke
Syke@sykeone·
So who is doing what for $maps shareholders and argue the fair price of the stock against what management is doing to investors. They have alternatives they could have taken.
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