Look at their 10Q. The majority of their loss was from revaluation of derivative liabilities. If anyone with more Equity Research experience cares to look at p. 14 and care to explain further.
I’m not familiar with the mechanics, but the specific derivative valuation method was listed at Level 3 which is used for transactions that rely on unobservable factors to evaluate value.
Level 1 derivatives are like interest rate swaps where there is a liquid exchange market that can easily be valued.
Level 2 derivatives are like Futures contracts where the terms may be more bespoke, but value can be derived from an established market.
Level 3 derivatives I’ve seen described in textbooks as marked to magic lol. Meaning there is no liquid market to mark the value to.
Somehow, they categorized an instrument that was used to fund the SPAC as a Level 3 derivative. That on surface sounds incorrect for an option or debt conversion of a publicly traded stock.
This should trigger an audit or something by the regulator, but again, my area of expertise is in Corp Finance, not Treasury.
US President Joe Biden has condemned Iranian attacks on military facilities in Israel, pledging a coordinated Group of Seven (G7) diplomatic response while highlighting the United States’s help in taking down “nearly all” of the attacking drones and missiles....
JFC how hard is it to look up the sack of Rome? It was the Visigoths led by Alaric I, not the fucking Vandals. We see this referenced all the time here and each time it is fucking wrong.
I don’t like Biden either, but anyone with half a brain knows there are two choices in the 2020 election. If we had a sane voting system, voting third party might be worth it, but as it stands, no one but you knows your favorite candidate exists and unless you want to become their campaign manager that will still be true in...
But W.V. believes his daughter “is vulnerable and is not competent to make the decision to take her own life,” according to Feasby’s summary of the father’s position....
Sounds similar to what? They didn’t describe the contributing factors at all in the article.
For all we know she has depression or some other chemical imbalance that could be treated and she would have a perfectly normal life. And fuck the father for loving his daughter? You’re clearly not a parent…
You also don’t know what she’s going through either because the article did not provide any detail at all. For all we know, she could have an easily treated chemical imbalance. I think the point is that a 27 year old without a terminal illness shouldn’t just be able to commit medically assisted suicide.
I don’t know what this person has gone through because it doesn’t say in the article, but 27 is still young. It’s also possible that this is a huge mistake that she would regret with hindsight (well SHE wouldn’t, but all of her loved ones certainly would).
Ruby Franke, a once-popular online mom influencer with millions of followers, has been sentenced to four one- to 15-year terms in prison for child abuse....
This totally misses the point. Automakers would make cheaper cars if they could get the adoption, but the input cost for Lithium for LFP batteries or Nickel and Cobalt for NMC batteries has skyrocketed. Lithium was as high as 4Xs the cost Pre-Covid, for example
Since the input cost is so much higher, premium was the initial target until the supply chain improved and reduced cost. I mean that’s exactly what Tesla did. It’s just not getting broad support because a lot of people are wary of buying EV over range or charging anxiety.
Trump isn’t exactly a spring chicken either. He now has a half a billion dollars in judgements that he owes in addition to being within 4 years of Biden’s age. The issue is the double standard and blatant disregard for the fact that he has numerous conflicts of interest that should disqualify Trump
What can you get to within a 15-minute walk of your house?
A recent YouGov survey asked Americans what they think they should be able to get to within a 15-minute walk of their house.
Of these choices, I can currently walk to all of them from my apartment, aside from a university (no biggie, I'm not currently studying, although there is a Tafe within walking distance), a hospital, and a sports arena.
How many can you get to with a 15 minute walk from your house?
OpenAI CEO Sam Altman is in talks with investors, including from the United Arab Emirates, to raise between $5 trillion to $7 trillion in funding. The goal, according to a report in The Wall Street Journal, is to increase the world's chip manufacturing capacity and enhance AI capabilities....
Exactly right, no one is going to show up with a fleet of cargo planes full of cash lol. It’s a huge amount of money, but if you have several nations investing, plus private business, it could happen - long shot, but it isn’t limited by the amount of cash that exists. He’s basically talking about starting a massive industry in the US that only exists in Japan and Taiwan.
Almost 40 percent of South Dakotans say Noem shooting dog was justified (thehill.com)
Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million (variety.com)
RIP Bernard Hill (discuss.tchncs.de)
Conservatives crushed by ‘worst local election result’ in years (www.theguardian.com)
Spread of Tory losses leads former minister to say there’s ‘no such thing as a safe seat any more’...
Cinnamon raisin bread (i.postimg.cc)
Someone snuck a slice before I could get the photo
Michigan father 1st charged under new safe gun storage law after son shoots himself in the face (abcnews.go.com)
Biden vows G7 response, ‘ironclad’ US support for Israel after Iran attacks (www.aljazeera.com)
US President Joe Biden has condemned Iranian attacks on military facilities in Israel, pledging a coordinated Group of Seven (G7) diplomatic response while highlighting the United States’s help in taking down “nearly all” of the attacking drones and missiles....
Half of all renters in the US make major, long-lasting sacrifices to afford housing. A basic failing of US capitalism. Many millions suffer so a small minority - landlords - profit. The system is the (lemmy.world)
@profwolff...
Vandals then and now (lemmy.world)
When the Number of Bedrooms in a Home Keeps Parents From Getting Their Kids Back (www.propublica.org)
Please, for the love of God, VOTE! (pawb.social)
I don’t like Biden either, but anyone with half a brain knows there are two choices in the 2020 election. If we had a sane voting system, voting third party might be worth it, but as it stands, no one but you knows your favorite candidate exists and unless you want to become their campaign manager that will still be true in...
Calgary judge rules 27-year-old can go ahead with MAID death despite father's concerns (www.cbc.ca)
But W.V. believes his daughter “is vulnerable and is not competent to make the decision to take her own life,” according to Feasby’s summary of the father’s position....
Serial Killers Have Rapidly Declined Since The 1980s (www.discovermagazine.com)
Why auto insurance costs are rising at the fastest rate in 47 years, over 20% increase from the prior year (finance.yahoo.com)
Amazon union president knocks Biden: ‘No cavalry coming’ for American workers (thehill.com)
Infamous mommy vlogger Ruby Franke sentenced to up to 60 years for child abuse (www.msnbc.com)
Ruby Franke, a once-popular online mom influencer with millions of followers, has been sentenced to four one- to 15-year terms in prison for child abuse....
Measles erupts in Florida school where 11% of kids are unvaccinated (arstechnica.com)
Over 100 children at the school are susceptible to virus....
Carmakers are failing to deliver affordable electric cars, holding back EV adoption | Disproportionate focus of manufacturers on large SUVs and premium models means we have too few mass-market cars. (www.transportenvironment.org)
Swalwell on Biden age: ‘I’ll take the guy who’s 81 over the guy who has 91 felony counts’ (thehill.com)
Rep. Eric Swalwell (D-Calif.) went after former President Trump for his legal woes in an interview on MSNBC Saturday....
OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion (decrypt.co)
OpenAI CEO Sam Altman is in talks with investors, including from the United Arab Emirates, to raise between $5 trillion to $7 trillion in funding. The goal, according to a report in The Wall Street Journal, is to increase the world's chip manufacturing capacity and enhance AI capabilities....