Using Veritas to Construct the "Per…

29-04-2017 Hits:88599 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:82280 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:82174 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:86670 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:83101 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:85223 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:56323 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:84565 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:84256 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:84117 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:90617 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:88185 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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It seems like almost yesterday when Carl Icahn't offered $22 a share for WCI.  At the time he owned 15% of the shares at a price at least 2 to 3 x higher than the current price of 4.80...I'm sure he still owns the same amount of shares.  Icahn like most value investors thought the assets were worth at least book or a small discount to book... now he knows better.....

Today WCI reported 24 net sales for the quarter and a backlog of 1,243... you don't want to know the cancelation rate on the backlog... how many people want to close on a million dollar condo tower today?

WCI owns over 15,000 lots and controls over 3,000 lots.... remember WCI has traditional homebuilding and tower buildings.... so a lot also means a unit in a tower... what is 18,000 divided by 24 a quarter??? about 200 years of supply... but Bill, you say, signups won't be this bad forever, eventually they will shoot back up... yes... true....

However, WCI has 2 billion in inventory and 2 billion in debt with a debt capital ratio of 68%...  mgt says they will generate a couple 100 million in positive cashflow next quarter when some towers close... so what? they can use it to make a minor dent in their debt?  Their debt is going to drown them before they can sell their way out of this situation... also, do you really think they can sell their inventory today at book?  so that means debt > book value of inventory

Mr Icahn is one lucky dude... the reason why he couldn't buy WCI for $22 a share was because management said it wasn't enough money.....  I find this intersting because when I worked for a big builder a large equity player in early 2006 wouldn't sell us their land even though we kept offering more and more. we joked around that we were bidding against ourselves... we could offer more money because we just kept increasing the sales pace of the products we would build there and the sales price of those products... eventually we contracted for around 25 million for a piece they paid 15 million for a year earlier.. however, by the time these morons finally agreed to a price with us the market tanked..  you guessed it, we walked from 1.5 million in option money and they still own that land...... there are no buyers in this submarket because there are about 7,000 lots owned and controlled by builders already... they can't even sell it for the 15 million they paid plus the cost of holding this land for years...

The only thing worse than a dumb buyer is a greedy seller....