Sahm Adrangi and Kerrisdale Capital Short Massive Company

St. Joe Company, was recently given a valuation of $1 billion – a figure that, according to Sahm Adrangi of Kerrisdale Capital, is off by a considerable margin. Recently, Mr. Adrangi, Chief Investment Officer of Kerrisdale Capital, published a report concerning the valuation – explaining its flaws as well as their position to short the company. Over the course of his career, Sahm Adrangi has consistently made waves by exposing overvalued or fraudulent companies, and in many cases, his research has proved to be correct. According to Mr. Adrangi, St. Joe Company is both, “over-valued and over-hyped,” and Kerrisdale Capital’s research suggests that it is actually worth 40 percent less than advertised.

Sahm Adrangi supported his argument with a variety of tangible factors, including the state of its sub-par real estate assets. Many of these land resources are located in remote areas, and also have swamp-like conditions, making them areas that are unlikely to be developed in the near future. Recently, St. Joe Company has seen a substantial surge, due mostly because of their plan to create a destination and retirement community near Panama City Beach. Although there has been a level of new excitement surrounding the proposed product, ten years have passed since any real development has taken place, and no permits have been filed for its continuation. Competition has also created a market that has become somewhat oversaturated, due to an increased influx of interest from a number of areas.

According to Sahm Adrangi, Issues regarding the Fairholme Fund, which holds 22.7 million shares of St. Joe Company, may make any further progression increasingly difficult. The Securities and Exchange Commission has implemented a number of new regulations that will require Fairholme Fund to dump $10 million shares by December 1st of this year, making the path to success much more difficult. Chairman of the board at St. Joe Company, Bruce Berkowitz, is also the fund manager at Fairholme Fund, which presents a possible conflict of interest that could lead to litigation. He could decide to step down, but this would put a significant strain on the stock value, and there could be an exponential drop as a result.

https://www.youtube.com/watch?v=1KIJnG8kfW0

Malcolm CasSelle Unites Digital Transaction Under One Token

Malcom CasSelle is a master’s graduate from Stanford University. He founded his first company, NetNoir, back in the heady days of 1995. He was top executive in Tencent’s joint venture with Groupon, and was top level executive for Xfire, MediaPass, and Tronc Inc.

CasSelle became CIO for OPSkins in 2017 and has aided the company in becoming a top-selling worldwide provider of in-game assets. He also invested in bitcoin early, allowing OPSkins to gain ground as the largest merchant of Bitcoin in the world. Currently he is the president and CEO of WAX, a brand new trading platform from OPSkins. WAX is the future of the cryptocurrency market, and an innovation stemming from CasSelle’s expertise.

The thing about cryptocurrency is almost anybody can create it. Bitcoin is just one form, but there are dozens of digital monies being created by numerous companies. Each of these cryptocurrencies is given its own value, an act called tokenization. Tokenization assigns value to virtual assets, giving them a trade value for other commodities. The problem that stems here is different cryptocurrencies have different values, resulting in a FOREX market system. A system that requires a middleman.

CasSelle and the designers of WAX created a solution, the WAX token. WAX token’s tokenize assets, but they use the same common token. The games connected the WAX network, do not deal in different tokens, just different providers who are split up into guilds according to the game. Since the tokens are the same, the value is the same, so no middleman is required for conversion. No matter the region, no matter the physical currency used in that region. They all purchase the same tokens, which are used for selling and trading.

This innovation makes buying and selling quick, seamless, and painless. Gamers can buy and sell without clicking out of their present screen. It is fast and completely reliable. Such an innovation can change the entire industry, making cryptocurrency more of a viable trade medium. CasSelle has already gone on record stating that WAX may light a fire under the gaming market as a whole.

Find out more about Malcolm CasSelle: http://casselle.com/

The Equities First Holdings LLC Expands International Group

Equities First Holdings Acquires Australia Market

Their small equity loan investment group at Equities First Holdings LLC is an outstanding mid-sized equity loan service provider. Their team of professionals are available for a financial evaluation of your equity with your small business or real estate property. They’re committed to getting you a loan according to the strict guidelines set forth by their evaluation process. Their goal is to assume very little risk because they have given their clients a personalized financial evaluation. Trust their team of professionals with your personal investment. They have also been able to expand their global market to Australia.

You can start a small business or make upgrades in your commercial property with a low collateral equity loan. They give their clients the benefit of having a trained equity specialist to back their equity loan goals at Equities First Holdings.

Sahm Adrangi Doesn’t See Kodak’s Big Picture as Good

Sahm Adrangi seems to have a keen eye for detecting bad investments, and he makes the best he can out of them. While most investors would run away from investments that are doomed to failure, Sahm Adrangi and his company Kerrisdale Capital go in full force to short the stock option and make a profit. Shorting a stock is essentially betting against a company’s success and while it’s risky, Sahm Adrangi has made a fortune for himself and his company’s clients from doing just that.

Sahm Adrangi’s newest prediction making headlines are concerning his reservations over Kodak’s new KodakCoin and KodakOne systems that are currently being developed. He has called the plan around KodakOne’s proposed image licensing program “flat-out silly” and just an attempt to get investors excited rather than to serve any real purpose to their photographer customers. While Kodak promises that the KodakOne system will not only detect copyright infringement but also collect revenue for the customer for the unlicensed use of their work, Sahm Adrangi and others believe that the system just will not work due to legal and technical problems with the system.

Their newly announced cryptocurrency KodakCoin is also facing similar scrutiny from the negative report of the Kerrisdale Capital’s Chief Investment Officer. He does not believe photographers will be happy with accepting KodakCoin for their work and will insist on getting paid in real currency. The negative report states that this is all attempt to gain the money of investors by jumping on the wagon of the success of certain cryptocurrencies.

There are also issues facing Kodak due to the unscrupulous business practices of their partner company Wenn Digital as well as their own board members who have been making trades that Adrangi believes will be subject to an SEC investigation. This information was seconded by an expert who used to work as an SEC Enforcement lawyer. While only time will tell if Kodak will have to claim Bankruptcy as predicted, but with the information released it does not look good for the company.

http://nakreport.com/2018/01/09/kerrisdale-capitals-sahm-adrangi-remains-thumbs-down-on-northern-dynasty-minerals/

Tony Petrello- An Entrepreneur With Gold Heart Of Giving

Giving back to others is an integrated part of life and culture of Nabors Industries according to Tony Petrello the company Chief Executive Office. In 2017, the Houston and the surrounding areas were hit by significant Hurricane Harvey which destroyed homes, suppliers and flooded the streets making it scarce to meet the daily demand and needs of people food and necessities.

The Nabors Industries played a significant role in the community by taking time off and helping in relief efforts. The company as a sign of appreciating the employee’s dedication paid them for the time they used assisting the victims. The Nabors Industries workers served in various parts including the Gulf Coast where they played a prominent role in helping around. The employees also made a personal contribution towards the relief which totaled to 173,622 dollars and Tony Petrello their boss matched the donation. The fund was named Nabors Disaster Relief Funds which helped on various hands-on efforts. The company also put on the large open kitchen where they cooked in large volumes offering hot meals to the local families three times daily.

The hurricane also affected at least 10% of the company employees according to their corporate communication manager. Nabors Industries employs 1200 workers, and it’s well known for responding to various cries that happen within their community and nationally. They have donated to national organizations like Bike MS, and the Komen Foundation. Through its Nabors Charitable organization, they have paid over 3 million dollars catering for education scholarship to employees and their children.

Tony Petrello love for giving has seen him create a unique name in Houston; he is an entrepreneur in the oil industry who takes the social responsibility to high heights. Together with Cynthia his wife the two love giving generously. Their desire to help children with the neurological disorder has seen them donate 7 million dollars to the Texas Children Hospital. These will aid in treating children suffering from such diseases. Tony Petrello serves as the Texas Children Hospital board member. His love, care, and dedication to daughter Carena who was born with a neurological disorder that affected her brain making it hard to speak, walk or even eats have played a significant part in his donations. Carena has inspired her parent making them have a heart of constant donating to different researchers hoping to find the cure for her and others with the same condition. The hospital Neurological Research Institute facility is the first globally to conduct neurological research for different childhood disorders.

For more information about Tony Petrello, just click here.

Omar Yunes’ Rising Success as an Entrepreneur and Award-Winning Business Leader

Omar Yunes is a Mexican entrepreneur and restaurateur. He operates restaurants in Mexico under the Sushi Itto brand. The Japanese brand operates restaurant chains around the world. It has numerous interests in North and South America. This includes restaurants in Mexico, Panama, Honduras and many others. Omar Yunes oversees over ten percent of the brand’s interests in the region.

Omar Yunes was recently recognized as the Best Franchisee of the World. He won first place for his efforts to promote the Sushi Itto franchise. He oversees thirteen restaurants in Mexico located in Mexico City, Puebla, and Veracruz. He attributed the win to the dedication and commitment of his staff at the various establishments. The event attracted participants from over thirty countries from Europe, the Americas, and Asia.

Omar Yunes won the award for his excellence in service delivery. It is also a recognition of his efforts to align the outlets with the brand’s values. The brand is committed to exceptional service and hospitality as well as maintaining the unique and delicious flavor that it is renowned for.

He was selected for the award by a mix of industry stakeholders. These include the Entrepreneur Magazine, industry entrepreneurs, the Mexican Association of Franchises as well as associates of The Anahuac University in Mexico. The award has put the country’s cuisine and eateries on the global map. It is sponsored by global food suppliers such as Dairy Queen.

Omar Yunes has chosen to focus on his business interests away from the political activities his family is more known for. His father is active in local politics. He is also said to be interested in some real estate ventures in California. The state has a vibrant property market where demand is still higher than supply. This has led to increases in property prices as well as rents.

This is putting a real squeeze on the nonprofit and charitable communities in the area. State officials are scrambling to offer solutions to mitigate against a mass exodus of the non-profit community. For example, in San Francisco, the state is providing subsidies on rent as well as facilitating charities to purchase the buildings they operate from. Omar Yunes entry into this lucrative property market is expected to augment supply and provide the much-needed relief.

http://thebrotalk.com/home/omar-yunes-life-goals/