geneclean55
Active Member
I see that.Leave's lead in vote count is increasing.
Lets see what the second biggest city, Birmingham, gives us . That will come up before London and gives a good indication of where we are at.
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I see that.Leave's lead in vote count is increasing.
I had my broker go on a "wild goose chase". Looking for these bonds at the huge discount. She didn't find any.BTW, a few people here have been repeating that "SolarCity Bonds" are yielding 20%. I just did a look up, and for the most part, true corporate SolarCity bonds are trading at investment grade yields - like 2%-3% for 4 year bonds. There are some odd bonds here and there that trade at 14% yield, but they are converts, or have other odd things in the prospectus. Run of the mill SCTY bonds seem fine...
Speak for yourself. AFAIR largest shareholders already expressed their approval. Many on this forum too. To be clear, I don't rule out the scenario you're talking about, but so far there's zero proof of it.
You don't know this and nobody is supposed to. From my point of view. The morning conference call would not be necessary if Elon already have the majority of the institution on board. Also, the institutions who will be voting may change their mind if the damage to the stock price is too great. It cost money to hold the shares to vote.
The reason why Elon is smart to recluse himself from the vote is because if it is forced down the investor's throat. The sell fest will be even bigger and you alienate all the institution investors who loaned you the money in the past 10 years. Where are you going to find funding for the next 2 years.
Elon Musk said:Sure. I don’t know where this bailout comes from, because, I mean Tesla is not the one deciding what the market value of SolarCity is, it’s the stock market is. So, SolarCity could certainly raise capital, equity on its current valuation and I think without any problem. So, SolarCity is headed to I think a very healthy place from a cash flow standpoint and in short order some next three to five months, getting to a cash flow positive so. The company’s around the corner from being cash flow positive and has agreed to raise equity capital on its own. I don’t see how an acquisition is in any way bailout. That’s obviously a false description.
To chime in on this, if you do NOT want your shares to be loaned (as Curt already said) to short sellers by your brokerage you need to set a high limit sell order. Especially true if you do not gain interest from the transaction. Many people do not know that their brokerages lend stocks, those details are buried in the fine print. Since this is technically an 'on order' this restricts them from loaning those shares. My brokerage only allows my limit orders to 30% over the current market price, and many other brokerages have the same caveat so you need to monitor this encase there is a sudden spike -- but generally, of course, that would not happen in a single trading day. I have been doing this for many years on $TSLA stock, and a few others.Fidelity loaned out my TSLA shares today, so I'm not sure what short selling restrictions would be in place.
To chime in on this, if you do NOT want your shares to be loaned (as Curt already said) to short sellers by your brokerage you need to set a high limit sell order. Especially true if you do not gain interest from the transaction. Many people do not know that their brokerages lend stocks, those details are buried in the fine print. Since this is technically an 'on order' this restricts them from loaning those shares. My brokerage only allows my limit orders to 30% over the current market price, and many other brokerages have the same caveat so you need to monitor this encase there is a sudden spike -- but generally, of course, that would not happen in a single trading day. I have been doing this for many years on $TSLA stock, and a few others.
Some pretty strong arguments would have to be presented to refute this. I will also be here every time to question the rationale and reasons for such claims, at least because I sure want to know if there's something fishy going on.
Edit: yes it would not be necessary. They said so on the call. They could just submit whatever the form they needed to submit while initiating the process and leave everyone guessing. But they went above and beyond.
Of course no one outside tesla AND solar city had knowledge of the offer or announcement of the offer. That would be an SEC violation. Anyone with insider knowledge that traded on it is breaking the law
I don't like the solar city offer (at this point in time) but I certainly don't believe any institution had advanced knowledge
Leave's lead in vote count is increasing.
Ugh. great...
"First thing lets do is kill all the pollster"
(Clearly they aren't very good at their jobs)
Futures off their lows now as some towns come in strong on 'remain'
Negative. Listen to the conf call, the topic of using cars as stationary storage is discussed there and it's not in the cards.
What do you do when things go horribly wrong? When the amount of money being lost has more zeros than the average person can fathom?
You process it, you manage the cortisol pulsing through your blood stream to get to a place of rational thought, and ultimately, you have to decide on what to do next: Sell the position or double down at this lower level?
I use USAA, and I had confirmed last summer that they do in fact loan shares on occasion. I can't remember whom they are owned by, but it is a company contracted out by USAA. Unlike the banking services, it is not controlled in house by USAA. I will double check this with brokerage services tomorrow.When this suggestion first came up a while back, someone chimed in that USAA does not loan out shares. But now, I think some other company is servicing all their brokerage accounts - can someone confirm if I need to do this now?
Seriously? You should fired her. This one traded 20% day before offer, 14% now:I had my broker go on a "wild goose chase". Looking for these bonds at the huge discount. She didn't find any.
http://files.shareholder.com/downlo...51DED88/Q116_Asset_Financing_Memo_-_FINAL.pdfFor now. Explain to me how the securitization process works at SCTY. Who owns what. Who is doing the servicing. Who is doing the packaging and selling of the uderlying security.
For the pass through and lease back. Who are the people usually referred to as "funds". I understand that SCTY themselves can be the "fund" party. Are these "funds" mostly composed of banks? Or are these retail customers or corporate end customers?
For others who haven't delved into it. I think a simple step by step guide on how SCTY makes money will work. What percentage is from all the government incentives and what percentage is through credit arbitrage of the different rates. I can also see if I got anything wrong here.