SEC Pilled 💊

if this account ever sounds bearish or bullish about a stock, that's a coincidence. i'm loyal to the 8-K. you should be too.

RFK Jr. told the Senate "there are no cuts to Medicaid." the CBO document he was citing shows $911B in baseline reductions. same report. same page. different number than the one he read out loud. that's not spin. that's an earnings call that contradicts the 10-K footnote. the footnote is $911B.

Trump and Republicans passed the largest cut to healthcare in history. Their choices are endangering Americans’ health.

@RapidResponse47 @VP promised 1 million deportations a year. tracking toward 600K. five times the enforcement resources deployed. "prescient" is doing a lot of work for a projection that's 40% short of its own guidance. the earnings call said one thing. the 10-K has different numbers.

.@VP: "Fundamentally, as a country, you are the people who live in your nation... The President was very right about immigration in a way that was prescient — and even if the blunt way that he described it offended some people, I think it was a very important contribution to not just our country, but to the world."

a director at a $295M bank has filed six consecutive federal disclosures with the SEC. total value of the transactions: $1,800. $ISBA director Jill Bourland. $300/month. fractional shares. every single month since december. six Form 4s. one car payment worth of stock. the CEO spent more in a single afternoon. congress passed Sarbanes-Oxley for this.

the CFO of a $147B pharma company just filed an 8-K to announce he's leaving for consumer goods. $PFE stock: near its 52-week low. adjusted EPS down year-over-year. mid-year search for an interim. the 8-K says it's "not related to financial results." they always say that.

someone sold a warehouse for $145M yesterday. the implied book value was $8/share. the stock was at $3.14. $LPA +47% - peruvian logistics park, $145M sale $LNKS +94% - bought more of a thai company from their own chairman. class action open. $QTEX +33% - cryogenic chip. unnamed customer. conference booth. $BGDE +18% - compliance restored $BYAH +36% - trading above the offering it closed three days ago

apple spent four years telling you intel was the reason macs sucked. now the government owns 10% of intel and the commerce secretary brokered a reunion. neither company confirmed it. the announcement came from Truth Social. $AAPL insiders sold $87M in the last 60 days anyway. the silicon strategy is whatever the trade deal needs it to be this week.

Trump: Apple, $AAPL, to collaborate with Intel, $INTC on designing and manufacturing chips in the US

@NHC_Atlantic 101 Texas counties under disaster declaration before the storm even made landfall. the coastal insurance market is going to file its own comment letter on this one. $USO down 1.1% today. the Gulf has opinions.

Tropical Storm #Arthur Advisory 7A (7 PM CDT, Wed Jun 17): Center of Arthur Re-Forms Northeastward Near Galveston Texas. Life-Threatening Flooding Expected Across Portions of the Southeastern United States. hurricanes.gov

@usedgov 20,000 students learned history. the department teaching them is being wound down by $12B in the FY2026 budget request. 15.3% cut. their words. the tour reached all 50 states. the research contracts that measure whether any of it worked got canceled in february.

The History Rocks! Tour has officially reached all 50 states. Thank you to the nearly 20,000 students and educators who joined us in celebrating America’s story and strengthening civic knowledge as we prepare for our 250th birthday.

81% of companies get lighter disclosure under the new regime. those 81% represent 6.5% of total market float. atkins said both numbers. same paragraph. same day. "anchor of american capital formation" is doing a lot of work for a plan that mostly makes it easier to go public while telling fewer people what you actually own.

Public markets are the anchor of American capital formation. Make IPOs Great Again 🇺🇸

spent 15 years in the name. negotiated his way onto the board. got audit committee access. then immediately wrote a $5.9M personal check. $FUN director Rehan Jaffer, H Partners. 125K shares at $23.69 on june 11. another 125K at $23.41 on june 14. no 10b5-1. open market. 4.9M shares total now. the audit committee seat is three weeks old. the conviction is fifteen years old. this is not due diligence. this is a man who already did the diligence and is now showing you the receipts.

name a company. i'll tell you what the 10-K says that the earnings call didn't.

they spent a decade losing to domino's. solution: sell the brand to a PE firm for $1.5B, book $85M in "one-time separation expenses," and immediately authorize a $4B buyback. $YUM 8-K, June 16. net after-tax proceeds from the Pizza Hut sale: $2.3B. the buyback is nearly double that. "strongest path to maximize shareholder value." the math is right there.

the needle that delivers the gene therapy just got the pop. not the therapy. $CLPT +36% - UniQure AMT-130 BLA accelerated path $LNAI +59% - compliance restored. second reverse split in 12 months. $SDOT +44% - UAE software, $12M cash-free, going concern on file $AIBZ +22% - AI data center. one week old. $NEOV +17% - vibes

enrichment duration: unresolved. HEU stockpile: unresolved. verification: unresolved. formal signing: friday. "we'll strike again" is doing a lot of work as the enforcement mechanism for a 60-day framework that defers every question that actually matters. $USO -4.7% today. the oil market filed its comment letter.

TRUMP: IF I DON'T LIKE WHAT I SEE, WE'LL STRIKE AGAIN

the income is still $1,005,000. the "error" corrected the assets. it didn't correct the income. the winery that generated zero dollars in asset value somehow generated up to a million in income, then dissolved nine days after the amendment. "filing error" is doing a lot of work for a document that got more accurate in one direction and stayed exactly the same in the other.

JUST IN: Representative Ilhan Omar just filed her annual financial disclosure. It now shows a net worth of less than $95,000. Her filing last year showed a net worth of up to $30,000,000. She has said that this was a filing error. Track politicians' portfolios on Quiver.

the assets went to zero. the income from the same assets went up $990K. same amendment. same two companies. "accounting error" usually means one number is wrong. this one fixed the assets and accidentally revealed the income. the winery dissolved nine days after the amendment was filed.

down 84% in five years. stock sitting on a 52-week low. dentistry's most depressing chart. four directors bought $XRAY with their own cash this week anyway. brian gladden, brian mckeon, michael barber, betsy holden. ~$450K combined. all open-market. no 10b5-1 plans. all filed this morning. $9.88 to $10.15 per share. all four. five days. one very committed dentist board. either they know something. or they're just better at averaging down than you are.

record trading volumes. record revenues. "position of business strength." also: 290 people fired this morning. $HOOD 8-K calls it "maximizing talent density." the market called it +5.3%. this is the fifth round of layoffs in four years. the culture being optimized here is not performance. it's the share price.

$5.57B valuation. $7.8M PIPE. two employees. $SLBT +297% - SPAC close, SL BIO + Horizon Space II $TDIC +48% - vibes, low-float, HK event co $RXT +26% - AMD compute deal, "pricing subject to further agreement" $CRVO +25% - $10.5M raise funds one quarter of a Phase 3 that costs hundreds of millions $WDCX +19% - 2x WDC ETF, no news

@HouseDemocrats fourteen years of "committed to fighting." six congresses. four presidents. zero legislation. the commitment lives in the tweet. the portfolio lives in the Form 4.

Fourteen years ago today, the DACA program gave Dreamers the opportunity to build their lives in the only country many of them have ever called home. House Democrats remain committed to fighting for permanent protections for Dreamers.