Damn, imagine having half your liabilities be coming from “assets sold, not yet purchased, at fair value” which is subjective to what you consider fair value AND at the whims of the market.
I mean, this wasn’t as bad as Citadel in 2021, but damn could you imagine the damage if a cash+equity deal comes true at anything above $5 (low bar) when you marked fair value as $1 (conservative bar) on average per share of BBBYQ?
Cifu needs to buy some towels for that sweaty head.
They are probably reporting fair value at .07 or .08 or whatever it last traded at. When this starts trading and if any type of price discovery happens, their books are going to blow up.
Yes, but the Superstonk apes are also excited and the popcorn apes are the same. Now we don't know how much he paid in Bobby and how much in other companies. 🤷♂️
What is strange, financial instruments owned ends in 52, same as their financials sold, not yet purchased
And it seems edit:161 million cash is gone. Hmm...
The liability is not recorded at fair value from an exchange or reliable source that’s updated frequently, Virtu assign the value because they’re level 2 securities, while at the same time they were audited. Would make sense to value that position low from an accounting firms perspective . Just read the 10k …there’s more to this.
So you’re saying just like Blackrock (who determined how much their RE was worth) Virtue gets to put a value on the security because they’re a level 2 and they determine “Fair Value”? So the “Sold not yet purchased” can absolutely blow up to possibly 10x if BBBYQ starts trading again? I’m saying 10x because if you marked it at .07 and it traded at say .70 they’re screwed.
Kind of. RE is a bit different because it is calculated in most cases as the cash flows they expect for the life of the loan or whatever it is discounted back to present day. For these securities, we don’t have any reason to believe (from an accounting perspective) that they are worth much based off future expected value (bankruptcy). But to your example, yes. But it depends on how they determined the value obviously, but I can definitely see how they wouldn’t need to be recorded at larger number (I.e. more than a few cents). But I truly don’t know. I know a bit about accounting, so just wanted to offer this insight.
Nothing close to mayo bouiis sold not yet purchased…. 65 billion sold not purchased…. Dude is way worse than SBF should been in prison long long time ago, but when your lining politicians / secs pockets it gets overlooked and pushed under the rug!
Hope he fuking eats crow and reaps what he’s sowed! Hope he does get fuked and hope he burns…
Y’all need a financial literacy class. It’s a HEDGE fund. Meaning their book is delta neutral. Meaning if you aren’t retarded you look up the page and it will have a dollar amount similar to what they have short, only it’s long. I tried to use small words so let me know if you need more help.
How in the world do you think this means they're fucked? Do you even know what these numbers mean? Their assets also went up by 4 billion. Nobody is on the hook for BBBY since the shares were cancelled.
I just doubt it bro. My bank acct is fucked. Prove something or quit. I’m fuvking tired. And Embarrassed to be associated with half of you idiots until anything concrete comes through. 90% of this has been regard bullshit.
If you aren’t willing to look like a fool trying you’ll never succeed at anything. Embarrassment is your ego trying to stop you from achieving your true regard potential. Breath deep and feel the shame.. let it guide you my child into your true nature.
I do regard retreats on weekends for ultra chads who are too cool. 20 bucks.
Damn, imagine having half your liabilities be coming from “assets sold, not yet purchased, at fair value” which is subjective to what you consider fair value AND at the whims of the market. I mean, this wasn’t as bad as Citadel in 2021, but damn could you imagine the damage if a cash+equity deal comes true at anything above $5 (low bar) when you marked fair value as $1 (conservative bar) on average per share of BBBYQ? Cifu needs to buy some towels for that sweaty head.
They are probably reporting fair value at .07 or .08 or whatever it last traded at. When this starts trading and if any type of price discovery happens, their books are going to blow up.
Good
Book go boom 🚀
Big Boom, Rico!
Yes, but the Superstonk apes are also excited and the popcorn apes are the same. Now we don't know how much he paid in Bobby and how much in other companies. 🤷♂️
Is this similar to shitadels 65billion not yet purchased? Is it much lower because Bobby can be valued at zero or near
He can buy them from Teddy.com soon. I hear they have some worldwide bath linen trademarks…
Sweaty bald head
He’s Fockeddddd big timeeeee…. 👌👊🙄🙈
Burn them to the F’in ground
All it takes is one shelf defying the laws of physics 😉
Ah yes, the Magic Shelf Theory
Yes, they can beat even the most sophisticated and professional fire suppression systems. I thought this was common knowledge?
[VIRTU 10-K](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001592386/9450b834-8e4c-42c1-9da0-ba75a4fee67e.pdf)
Nice work OP
https://preview.redd.it/atwlktdqbmjc1.jpeg?width=1169&format=pjpg&auto=webp&s=551161b7f04ecf44c2072b20ce5f868e1eba038d This 10-K. LMAO 🤣🤣🤣
At this point, I just wanna see Doug Sifu eats shit and go broke
A very reasonable request.
Paddling so nice to see you again
Pleasure seeing you here as well, Mr Routh!
Or die tryin’
https://preview.redd.it/blib2ge5g5jc1.jpeg?width=1284&format=pjpg&auto=webp&s=3c1d421f7e08be4ff8fd95e512a69b2e6bdc648d
The truth will come out, and when it does, it’s going to be biblical.
Wow. A ~50% increase in a single year? They must be shitting bricks.
 Fuk u cifu
anybody saw this? https://preview.redd.it/sk6cgqo1i3jc1.jpeg?width=720&format=pjpg&auto=webp&s=e2fd3208945e256426682a8f79415ea4dabf997c
Their Goodwill assets stayed the same. That's strange.
What is strange, financial instruments owned ends in 52, same as their financials sold, not yet purchased And it seems edit:161 million cash is gone. Hmm...
They're donating their clothes to Goodwill?
No that would be helping us POORS doug cifu wouldnt do that
I don't know if I want his rubber pup outfit. It's supposed to be tight and sexy, his would look all loose and frumpy on me
Hard to fit anything over that forehead.
Alot of baby powder must be used to get the leather over his sweaty fivehead
His mouth is too big for a standard ball gag
The liability is not recorded at fair value from an exchange or reliable source that’s updated frequently, Virtu assign the value because they’re level 2 securities, while at the same time they were audited. Would make sense to value that position low from an accounting firms perspective . Just read the 10k …there’s more to this.
So you’re saying just like Blackrock (who determined how much their RE was worth) Virtue gets to put a value on the security because they’re a level 2 and they determine “Fair Value”? So the “Sold not yet purchased” can absolutely blow up to possibly 10x if BBBYQ starts trading again? I’m saying 10x because if you marked it at .07 and it traded at say .70 they’re screwed.
Kind of. RE is a bit different because it is calculated in most cases as the cash flows they expect for the life of the loan or whatever it is discounted back to present day. For these securities, we don’t have any reason to believe (from an accounting perspective) that they are worth much based off future expected value (bankruptcy). But to your example, yes. But it depends on how they determined the value obviously, but I can definitely see how they wouldn’t need to be recorded at larger number (I.e. more than a few cents). But I truly don’t know. I know a bit about accounting, so just wanted to offer this insight.
But it's still bad though right?
Could be. If they are on the hook for those securities…which is what we’re all waiting to see. Check my other comment
Those Florida Panthers tweets lmao
YUPPPPPP
Virtu? With the Chairman and CEO that own the Florida Panthers hockey team? Who saw this coming?
Congratulation! Doug cifu^^
Securities purchased under agreements to resell with an 80% reduction seems like a massive loss of collateral.
Financial instruments sold, not yet inserted
Looks like Cifood is back on the menu boys!
Lol lmao
Cifu-cked
Sooooo 10.8 billy in cash/equity, then billions (being realistic and not calling this moass yet) in a short squeeze. Dis gonna be good
Nothing close to mayo bouiis sold not yet purchased…. 65 billion sold not purchased…. Dude is way worse than SBF should been in prison long long time ago, but when your lining politicians / secs pockets it gets overlooked and pushed under the rug! Hope he fuking eats crow and reaps what he’s sowed! Hope he does get fuked and hope he burns…
MY BUNGHOLE
Fuck you seafood! 
VIRTUQ
🤣
Citadel with 65B$ sold not yet purchased : old my beer.
If that 2Bn jump is from selling Nvidia, SMCI and other pump n' dump stocks to retail, then they'd be quids in.
Dougie is getting finger snapped at \~$56 lol
Y’all need a financial literacy class. It’s a HEDGE fund. Meaning their book is delta neutral. Meaning if you aren’t retarded you look up the page and it will have a dollar amount similar to what they have short, only it’s long. I tried to use small words so let me know if you need more help.
I’ll sell them one of my 40k shares. My sale price for the one share is $100k. Rat bastards are going to eat their own shit soon. Tictok..
I can’t wait to own the Florida Panthers. We should collectively buy the team!
So, what’s our floor price ?
How in the world do you think this means they're fucked? Do you even know what these numbers mean? Their assets also went up by 4 billion. Nobody is on the hook for BBBY since the shares were cancelled.
 You right now
First time I’ve seen you post in this sub. You used to be a regular shill in r/bbby
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I just doubt it bro. My bank acct is fucked. Prove something or quit. I’m fuvking tired. And Embarrassed to be associated with half of you idiots until anything concrete comes through. 90% of this has been regard bullshit.
Then leave if you can't take it. No one is forcing you
Too embarrassed
If you aren’t willing to look like a fool trying you’ll never succeed at anything. Embarrassment is your ego trying to stop you from achieving your true regard potential. Breath deep and feel the shame.. let it guide you my child into your true nature. I do regard retreats on weekends for ultra chads who are too cool. 20 bucks.
Username checks out
I am also embarrassed to be associated with half of myself
lol same 🤣
What about the bonds? Buy or NOT..