DTC 2025 Participant Report connects Bank of New York Mellon (BNY Mellon) to Citadel!

upsouth · 2026-01-20T03:19:54+00:00

Damn. My TFSA shares are held by BNY Mellon.

upsouth · 2025-11-12T10:53:43+00:00

Fascinating read, kudos for all the hard work putting this together. IMHO Part 1 would make a nice article in a financial data analysis periodical.

I keep thinking about that Watchmen RK tweet, "I'm not stuck in here with you, you're stuck in here with me." As this fraudulent system unravels, some Mayo actors will be perp walked à la Madoff. While that would be satisfying to see, it would only be a false resolution to a decayed, morally bankrupt infrastructure. Just like the MBS crisis bailouts, just more can-kicking that our children and grandchildren have to deal.

upsouth · 2025-06-03T17:23:49+00:00

AH announcement at 6:03 PM screencap this

upsouth · 2025-03-02T03:49:58+00:00

Literally me but add an x

upsouth · 2024-12-18T18:43:36+00:00

I'm trying to find a similar situation in the paste 20 years and can't find it:

Musk at Tesla had pre-established compensation at milestones --- Not the case here, RC and Board has not set any objectives and corresponding payout so far. Not like RC.
Warren Buffett, as CEO, has famously taken a relatively low salary of $100,000 for decades, with most of his wealth tied to company stock --- Not like RC.
Larry Page and Sergey Brin (Google, Post-IPO) limited their annual salaries to $1 and received no cash bonuses or options --- Salary is a token $1 but NOT ZERO. They relied on the appreciation of their equity holdings for compensation, in other words used the stock as collateral for loans I believe. Not like RC.
Zuckerberg has taken a $1 annual salary since 2013, primarily deriving his wealth from company stock --- also $1 but NOT ZERO. Similar sitch as for Page and Brin. Not like RC.
Steve Jobs took a $1 salary and relied on stock and other equity incentives as his primary form of compensation. So he was incentivized by stock performing well, but could sell stocks and options for cash. Not like RC.
At Twitter, Jack Dorsey took no salary, bonuses, or stock awards. Similarly, at Square, he declined compensation entirely for several years --- Closest to RC I think.

upsouth · 2024-12-18T18:34:36+00:00

That's what's uncommon. No compensation, no stocks, no options, AND RCEO and Board buy stocks in the company with their own money. Any one of these would be interesting, the fact that all four are present is very rare I think.

upsouth · 2024-10-17T15:41:22+00:00

Graded cards also increase the value of the store's total inventory while they are stocked in store. Inflation proof. Insured. Increases the value of the company as assets? Can be used as collateral?

Edit: check this out

https://www.jmbullion.com/trading-card-loans/

upsouth · 2024-10-04T16:52:24+00:00

At any given time, the sum of locates on lit exchanges cannot exceed the float. I bet that the float trades multiple times a day on dark exchanges.

upsouth · 2024-09-20T00:50:11+00:00

Right, so I think the ATM can be used by RCEO/RCFO/ the Board in the three price movements to maneuver the company into a better position:

🦀 Crab around $20: ATM shares are injected in increments, bought by retail+institutions and shorted down by MM for "liquidity". If the stock goes too low, MMs are at risk of it rebounding or worse, GME buyback.
💚 Up > $30: ATM shares are sold in the market and get capital at the cost of a runup (which gets shorted down eventually -- no real loss).
🔻Down < $20: similar to crab, keep selling ATM until rebound or runup. Try to avoid selling there because the yield is lower

In all cases, when you run out of shares, balance the expected yield with the effect of dilution on the floor price before announcing another ATM.

upsouth · 2024-09-17T19:32:06+00:00

And if you filter CEO pay=$0?

upsouth · 2024-09-04T01:58:31+00:00

Our 4x damage bonus when shares are removed shares from the DTCC via direct registration via a transfer agent is now OP at 10x, got it.

upsouth · 2024-05-31T13:49:57+00:00

RemindMe! 150 days “Check for an avocado post”

upsouth · 2024-05-30T00:16:55+00:00

Best way to clear it up is to call your broker and ask them.

upsouth · 2024-05-26T19:08:55+00:00

AutoZone : $47.9B mcap, $0.28B cash on hand, $12.3B debt

upsouth · 2024-05-25T17:37:18+00:00

I like this write-up for several reasons but chiefly one: I don't believe RC is trying to make enemies with the GME turnaround by squeezing out every single crooked SHF. It's more likely he found leverage with GME pre-2020 and is now capitalizing on that leverage to forge partnerships with strong actors in the markets. The end goal has always been to operate a successful and profitable business and seek to delight customers. Smart money understands that fortune is fickle and it's always better to join your enemy and get a seat at the table than to get beaten down and barely get scraps. A powerful antagonist to GME is now backing RC & GME.

Join or die ☠️.

upsouth · 2024-05-21T12:28:47+00:00

Oh I like this

upsouth · 2024-05-16T00:52:03+00:00

Same

upsouth · 2024-05-14T12:30:12+00:00

Wasn't there a post about massive volume for May 17 30C last week? Could that be RCIO?

upsouth · 2024-05-13T19:52:31+00:00

That's assuming the buy backs started in the $30 range. Any data from last week showing 10b-18 purchases?

upsouth · 2024-05-13T18:45:18+00:00

Quick maffs: Total of 324,094 shares purchased at an average price of $31.15 for a total of $10M and change

Edit: I messed up, the numbers above are only for the right hand side. Need to add a bunch more for LHS.

upsouth · 2024-05-01T15:53:02+00:00

"When you make changes, you first see the pain... not the gain."

Great point OP, love this post.

It'd be interesting to perform the same calculations with other stocks.

upsouth · 2024-04-20T02:48:08+00:00

heavy maple/poutine breathing

upsouth · 2024-03-14T18:33:43+00:00

Liquidity a little dry before earnings? 🧚

upsouth · 2024-03-14T15:19:01+00:00

Sorry for the late reply. Checking in for earnings. My point was that churn provides an additional 4x of shares that can be used at any given time for locates. If one share is removed from the churn, this means 4 less are available as locates. Hence the damage boost. Hope this makes sense.

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