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Hype decks and popular series of playing cards
 | Gotta Collect 'Em All: Hype Decks and Popular Playing Card Series When you're into cardistry, you'll know a thing or two about playing cards. They are, after all, the tools of the trade. And you'll quickly discover that there's a lot of different custom decks out there, many of which are great for card flourishing. A vast amount of cards that have already been produced, and there's steady flow of new cards that are being released on an ongoing basis. Arguably the most popular playing cards beloved by cardists and collectors alike are what some refer to as "hype decks". These are decks that have effectively become a brand of their own by virtue of their sheer popularity. In the last few years alone there are several "brands" that have generated a huge wave of momentum. Almost every new release is quickly sold out, and previous releases don't take long to fetch high prices in the secondary market, as buyers scramble to "collect 'em all". In this article we'll introduce you to some of the more popular series of this sort, which are beloved by both cardists and by playing card collectors. FONTAINES The Fontaine brand is one of the biggest and most recognizable brands in the world of playing cards today, especially in cardistry circles. When you first see a Fontaine deck of cards you might wonder why. After all, what is there to get excited about card backs which have a lower-case "f" put together in a simple and minimalist design, and card faces that are mostly standard? The reason for the success of this brand is the man behind it, Zach Mueller. Zach began making a name for himself with his creative cardistry videos, some of which went viral on youtube. Inspired by the iconic Jerry's Nugget casino deck which appears later on this list, around 2013 Zach whipped up a simple design of his own, printed the deck, and began using it in his cardistry videos. It wasn't even originally conceived as deck that would be published more widely, nor was including it in his cardistry videos originally intended as a marketing gimmick. But the popularity of his videos did have the result of producing a demand for decks like the one Zach was using. When he tried his hand at crowdfunding one, it became an instant success. Zach built on this success with further releases of the same design but in different colours, and later expanded his Fontaine brand to include clothing and other merchandise. Today the Fontaine company has a significant number of releases every year, and they are typically so much in demand that each sells out in minutes. While many of the initial decks didn't evidence much variety aside from recolouring the back design, in recent times we have witnessed some more innovation, such as collaborations with other artists, and a UV black-light edition. https://preview.redd.it/bk51kexhhcg61.jpg?width=600&format=pjpg&auto=webp&s=7ad5a040ac2cd67d9644f02041f3937ba2e28642 ORBITS The Orbit decks come from magician Chris "Orbit" Brown, with involvement from designer Daniel Schneider. The Orbit series is extremely popular with card flourishers, and it's not surprising why. The circle design on the card backs makes it ideal for cardistry. The first version of the deck was blue, had a print run of only 2500, and only managed to hit its Kickstarter target on the final day when it was put up for crowdfunding in 2015. In contrast, today collectors can't get enough of them! The fourth edition alone had a print run of ten times that amount, and the first few versions of the deck will now cost a pretty penny on the secondary market - if you can find them. Common to most of the decks in the series is of course the signature circle look of the card backs. But there's also the regular presence of light-hearted jokers, mini-astronauts, and even tiny orbitting rockets on the card backs, all of which capture something of the galactic and space theme, and add elements of warm humor. There have been minor tweaks to the design to ensure that each deck is not just a simple recolouring of the previous version. The V7 deck is noteworthy for its retro pink and blue colours, and for including a tribute to the failed mission of the space shuttle Challenger in 1986, and has the added bonus of being a very cleverly marked deck. The face cards of the Orbit decks mostly feature a style borrowed from the classic Arrco decks, which gives them a slightly different feel from your typical Bicycle deck, while ensuring that they still have a very familiar, recognizable, and practical look. Some of the decks feature even members of the Orbit crew as the court card characters. It is certainly a successful formula, and these are versatile playing cards that are both novel and familiar enough to make them suit a variety of purposes, from card flourishing to card magic. As with most other entries on this list, the success of the series has generated an increased demand for the first decks in the series, which are not easy to get hold of. https://preview.redd.it/0lakhcmihcg61.jpg?width=600&format=pjpg&auto=webp&s=424b4fba74ee4be5d763fb2439b270df0d319019 JERRY'S NUGGET The history of the Jerry's Nugget decks is a fascinating one, and it even includes a great detective story. The short version is that these striking red and blue decks were first printed in the early 1970s for Jerry's Nugget Casino in Las Vegas. They ended up in storage instead of being used at the casino, and eventually made their way to the gift shop, where they were sold for a dollar or two each. At this point they were discovered by some big name cardists, who began popularizing them via their videos, and spoke highly of their handling qualities, which were the result of printing methods that couldn't be replicated with modern methods. The demand for them grew, but by this time they were sold out. With a limited supply and increased demand, they slowly became a holy grail for collectors, prices typically reaching $500 per deck on the market. Around 2019 Lee Asher became involved with a project to reprint the cards, to make them readily available again, and put them in the hands of a new generations of cardists and collectors. A deal was brokered between Expert Playing Card Company and Jerry's Nugget Casino, and with the help of an incredibly successful Kickstarter project that fetched nearly half a million dollars, a new edition of Jerry's Nugget decks hit the market. The new decks are almost like the original, but consist of a Modern Feel version printed by USPCC and a Vintage Feel version printed by EPCC. The scene was ripe for capitalizing on the popularity of these classic decks, and so the deck was subsequently reprinted in colours like Teal, Coral, Black, Steel Grey, Yellow, Orange, Green, and purple. There are also some limited editions like Pink, and there are even special limited editions with gilding. Many card flourishers love the minimalist look of this series, the famous name and iconic look, and the variety of different colours make them ideal for collectors. https://preview.redd.it/kuxzzlgjhcg61.jpg?width=600&format=pjpg&auto=webp&s=8356844549aedec90eda4b447063afc00faf88f5 CHERRY CASINO The Jerry's Nugget decks aren't the only decks that capitalize on the public interest in old-time casinos. This is also the concept that lies at the heart of the Cherry Casino decks, which is a series of playing cards produced under the Pure Imagination label. Pure Imagination Projects was founded in 2013 by Derek McKee, and the first Cherry Casino deck was produced around 2015 in a bright aqua colour. The idea was to draw on the image of an old time casino, hence the classic cherry artwork familiar from slot machines, an iconic symbol of gambling. Several versions then followed in successive years, as the Cherry Casino decks slowly grew in popularity One of the drawcards of this series is the bold metallic ink used on the cardbacks for most of these decks, which instantly sets them apart from your average deck. One of my personal favourite colours in this series is the Tahoe Blue, which is inspired by one of the clearest and deepest lakes in the United States, Lake Tahoe. The use of metallic ink on card backs creates a gorgeous and inviting pearlescent blue that is hard to get enough of. The Cherry Casino decks are also very versatile and practical, and the relatively standard card faces makes them ideal for card magic or for playing card games. Yet the striking card backs also makes them very appealing for cardists and collectors. This creates the ideal combination of something striking and something simple, which is the greatest strength of the Cherry Casino series. The vibrant and eye-catching colours, set them apart from the competition, and give them the magnetic quality that collectors look for, while they remain functional and suitable for a variety of uses. The first decks in the series are especially prized by collectors, since they are long out of print, and entered the market long before anybody realized how successful this series would become over time. https://preview.redd.it/uvqcml7khcg61.jpg?width=600&format=pjpg&auto=webp&s=2ef474b844f7af286d7d3c3bf3fb5a9f67bead9e VIRTUOSO Virtuoso, commonly called The Virts, is a group of Singaporean cardists, originally founded by Huron Low and Kevin Ho. Other team members joined them over time, and they began releasing cardistry videos on their youtube channel. Around 2012 one of their cardistry videos went viral and was eventually featured on the Discovery Channel, which only increased the growing interest in their work, especially their creative card flourishing videos. It was also around this time that The Virts came up with the idea of designing a deck of card that was specifically geared towards cardistry. They used a design that was strongly geometric in flavour, and where even the court cards and number cards were optimized for card flourishing, to enhance the visual aesthetic of cards in motion. Today it's quite common for a deck to be optimized for cardistry, and there's a ready market waiting to buy decks like this. But at the time this was a groundbreaking idea, and even somewhat of a financially risky one. But card flourishers welcomed the very first Virtuoso deck with open arms, and the deck proved to be more successful than ever imagined. Since the release of their first deck, The Virts have continued to release follow-up decks on a somewhat regular basis. Typically each new release is accompanied by a flashy video that showcases the amazing cardistry of The Virts themselves, which is cleverly accentuated by their cardistry-friendly cards. Their signature geometric design is common to all of the decks released so far, and the eye-catching colours and consistently handling qualioty ensure that card flourishers love it. Recent times have seen the rate of their releases slow down, but news in 2020 about their latest deck - which is scheduled to come out in 2021 - generated a new wave of excitement. Loyalty to the Virtuoso brand and decks is evidenced by the fact that many people were ready to pre-order the new deck sight unseen. https://preview.redd.it/48zmr2okhcg61.jpg?width=600&format=pjpg&auto=webp&s=cd5fcc61431a3e2764fd95bb5dba12a79658817d ORGANIC PLAYING CARDS One of the more fun entries in this list are the food-inspired decks created by Organic Playing Cards (OPC). This brand is originally the brainchild of Cameron Toner and Nathan Lex, who started OPC while they were in college, combining Cameron's love for card magic and Nathan's love for cardistry. The company has since evolved, and others have come on board as they grew. Their original goal was simply to produce a fun deck of banana-themed cards, now known as Peelers V1. Since then they've gone on to produce a cornucopia of fruit-inspired novelty decks. The concept of what you can expect from an OPC deck is a simple one. Typically it's a deck that features two pieces of fruit on the card backs, some humorous changes to the court cards that incorporate that fruit, an adjusted colour scheme, and a fun take on the tuck box. For example, the Squeezers V1, V2, and V3 decks are orange, lemon, and grape-fruit themed retrospectively, and the tuck boxes are designed to look like juice boxes, complete with an ingredient list. The Snackers decks are themed on strawberries and blackberries, and come in a resealable package typical of a bag of candies, and even include an artificially added scent that smells like the fruit. The latest additions to this popular series have included an avocado themed deck (Avocardos), and in somewhat of a departure from the usual fruit theme and look, a corn-themed harvest deck (Shuckers). So they are exploring new directions, but they haven't run out of fruit just yet, and I look forward to see what they come up with next. https://preview.redd.it/56o6yqelhcg61.jpg?width=600&format=pjpg&auto=webp&s=6b9aec71b43d043c10980cee343e3bf3e8ffed30 WHAT TO BUY AND HOW MUCH TO PAY? Buying and pricing In the end, you should buy what you like, not what other people tell you to like. But how much do these decks typically cost? Latest releases typically sell at retail price, and don't cost a fortune. Although in some cases, especially with in-demand brands like Fontaines, you have to be right at your computer when a new deck is released, and be among the first set of buyers who are fortunate enough process a purchase in the few minutes before they are sold out. Otherwise you'll have to rely on resellers, some of which can have inflated prices. Older decks for virtually all of these series, however, tend to command much higher prices. This is simply a matter of supply and demand: as the number of collectors grows, more and more people want them, while the supply is limited, because the original decks are long out of print and out of stock at retailers. You'll have to rely on the secondary market to try to source these, and expect to dig deeper in your wallet if you want to get first and second edition decks of many of the above series. Investing and re-selling When collectors see some of these decks selling for over $100 on the secondary market, it can be tempting to think that it's a good idea to buy a stash of decks in the hope that you'll hit a jackpot with a brick of decsk that will be worth a bundle down the line. The reality is that this is hard to predict. When most of these decks were first released, nobody knew that they would become big hits over time. It's only as a series or brand generates momentum and establishes a loyal following, that the prices of the original editions start to rise. For example, I have a Peelers V1 deck, and these are now worth up to US$150 today. At the time I picked it up, it was just a novelty deck from an unknown brand, and I used it as an everyday deck for card games and card magic. Who was to know the success that OPC would later become? Meanwhile I've just been using it casually for card games! Much the same is true for the very first Fontaines deck, which costs a fortune now, but at the time was really just an ordinary deck. The playing card market is fickle and future hits are almost impossible to predict. If you want to earn money, rather than gambling on playing cards, you're better off spending your time working for money at your regular day job. Other popular series Are there other series besides the ones covered above? For sure. Daniel Schneider's series of Black Roses deck also has its passionate collectors, as do the Golden Nugget decks, the Gemini Casino decks, and the NOC decks. The Planets series by Vanda was also popular for some time, but with the release of all the planets this is obviously now complete. There are also people who collect anything produced by a particular brand, such as Anyone Playing Cards. Perhaps even that new release you're thinking of purchasing will become the start of a successful new series or brand - you can never really tell! https://preview.redd.it/ppwyhb5mhcg61.jpg?width=600&format=pjpg&auto=webp&s=75a4ee69f8af72d0c022c24d50e3581b80066959 HAS THE INDUSTRY JUMPED THE SHARK? More and more, faster and faster In the first few years of the boom in the playing card market that was created by the arrival of crowdfunding around 2009, new releases were typically produced either as a mass market deck, or as a numbered limited edition. That seems to have changed in the last few years, and the number of permutations for a particular deck seems to be more than ever before. First of all we get recoloured versions of the same deck, multiple times over. Then in addition we get a numbered deck, and a gilded deck... and multiple combinations of all of these. It starts to become impossibles for collectors to get a complete collection. In addition, in some cases, a very limited edition of a popular series is produced at a high price tag, like the $75 Cherry Casino House Decks, putting it out of the reach of most collectors, except those with very deep pockets. In other cases, companies are releasing decks in different colours so fast (here's looking at you, Jerry's Nuggets), that collectors can hardly keep up. The inevitable question arises whether some of these developments are unhealthy. How much is too much? All this understandably makes some collectors begin to feel a little jaded, and wonder if some of these series have jumped the shark. Are some creators starting to take the mickey out of collectors, knowing that they will want to "collect 'em all", even if they have to spend ridiculous amounts to do so? Is this capitalism gone mad, and are producers becoming too motivated by trying to make big bucks? If this trend continues, it can start to feel like price-gouging and greed, and creators run the risk of sucking the joy out of collecting, and losing their customers. All this means that producers have to be careful in the decisions they make about what they release, and not simply be motivated by making money. Collect 'em all? But there's a lesson in this too. It doesn't make sense to mindlessly collect every single thing. But if you do think carefully about what you want to collect, it can be a lot of fun to collect series like the ones covered here. By all means collect 'em! But maybe just not all of them. At least, not all the time. https://preview.redd.it/c50y53umhcg61.jpg?width=600&format=pjpg&auto=webp&s=3f00f71fa02141ee251913695a2cc7fba823a260 Author's note: I first published this article at PlayingCardDecks here. submitted by EndersGame_Reviewer to cardistry [link] [comments] |
Dec/21/2020 wrap-up: \\ borders demarcation per 2010 Armenian law \\ Pashinyan visits Syunik: supporters & opponents \\ Russians will guard border road \\ weekend memorial events \\ more POWs return \\ search operations continue \\ electricity prices \\ Russian peacekeepers \\ housing & aid \\ sport
Your 15-minute Weekend & Monday report in 3688 words.
Saturday: three days of mourning
From Saturday to Monday, the country pays tribute to those who died in the war. Pashinyan and other officials participated in the
memorial march to Yerablur Pantheon. Some opposition outlets had earlier claimed that Pashinyan would skip the march and use his father's death as an "excuse".
During the march, a group of anti-Pashinyan activists
blocked the crowd from moving forward. The police were involved to clear the way. The PM spoke with families of fallen soldiers and laid flowers.
Education Ministry, Labor Ministry, and Cadastre Committee rebutted opposition media rumors about someone allegedly calling state workers and forcing them to participate in the Yerrablur memorial. Government bodies called the "fake news" an
"attempt to create an atmosphere of division in the public." The opposition, led by the former regime, held its own rally from the Freedom Square. They marched to St. Gregory Illuminator church. BHK chief Tsarukyan was also present. The theme remains the same: Nikol must go, Vazgen Manukyan must become the new PM.
Yerablur photos:
https://armenpress.am/arm/news/1038352.html Crowd size from above:
https://youtu.be/rbFBDMNoaPI ,
https://armenpress.am/arm/news/1038343.html ,
https://armenpress.am/arm/news/1038348.html ,
https://armenpress.am/arm/news/1038340.html ,
https://armenpress.am/arm/news/1038349.html ,
https://armenpress.am/arm/news/1038351.html ,
https://www.armtimes.com/hy/article/203328 Sunday memorial events
President Sarkissian visited Yerablur on Sunday.
"These are difficult days. I hope that with the end of 2020 we will close the tragic page and we will be able to stand up and open a new page. The only thing we will remember from 2020 is the sacred memory of the people who gave their lives to defend the Homeland. All misfortunes should be lessons, not painful memories. We have to start our life again. I look forward to the end of this year". PM and family paid tributes to fallen soldiers in Tavush province.
LHK and church leadership visited Yerablur Pantheon.
https://armenpress.am/arm/news/1038367.html ,
https://armenpress.am/arm/news/1038378.html ,
https://armenpress.am/arm/news/1038379.html ,
https://armenpress.am/arm/news/1038381.html parts from Pashinyan speech: past & present, investigation, border demarcation
We will need a comprehensive evaluation of how and why things developed and ended that way. We must face the reality and admit that we have made mistakes for many years, the mistakes we have made have been systemic, conceptual, substantive. This cannot be a result of one person or events in just a few years.
Did I understand all this while taking office as Prime Minister? Of course. Was I trying to change the situation? Of course. I am now more convinced than ever that there was simply no time to stop the spinning wheel of history.
The borders in the Syunik sector are being adjusted, or rather, the Armenian Armed Forces are being stationed on the internationally recognized borders of Armenia
(there were no soldiers here before because Syunik was not bordering Azerbaijan before the war). This process changes certain setups we're familiar with, introduces inconveniences, complications, and emotions. In reality, this is being done to ensure and strengthen the safety of Syunik.
How? In areas outside of the Republic of Armenia, there was a high risk of military actions, which could carry on to Syunik with all their consequences. By doing the border demarcation of our internationally-recognized lands, we are introducing security assurances. Additionally, Russian border guards are already stationed in some parts of Syunik, which creates a whole new situation.
The demarcation can complicate travel on some roads, but these are issues that can be resolved by having an AM-AZ-RU document
(specifically about road safety).
Not one millimeter of Syunik or Republic of Armenia land has been conceded. Any claim to the contrary is simply false.
The people, only the people, should decide the fate of the government and not the elite circles. My November 18th Roadmap will address post-war issues and establish internal stability.
"Let's build Armenia anew." I chose this slogan before the war to guide Armenia's transformation strategy. And this formula is useful for our future as well. We have to perceive the world in a new way, we have to look at what we have to do in a new way, we have to re-evaluate our capabilities in a new way, first of all in education, science, technological development, we have to build our dream anew, and we have to dream anew.
Glory to our fallen heroes, glory to our living heroes, and glory to those who will still be heroes on the way to realizing the dreams of our people.
Full:
https://armenpress.am/arm/news/1038333.html borders: fake news, rumors, and rebuttals
Artsakh president office: the media rumors about giving Karmir Shuka
(south) to Azerbaijan is fake news. Moreover, we plan to build new housing there soon.
https://armenpress.am/arm/news/1038399.html MoD denied media rumors that two Tavush villages are being handed over to Azerbaijan and that the soldiers were told to leave.
"Refrain from spreading unverified fake news," said MoD. Tavush governor called the reports
"irresponsible and dangerous". https://armenpress.am/arm/news/1038457.html ,
https://armenpress.am/arm/news/1038464.html Sosu Purak is a park in Syunik province, bordering Azerbaijan. The Nature Ministry rebutted the media rumors about half of the park going under Azeri control. *"Sosu Purak, which is managed by Zangezur POAK, has 64.1 hectares of lands, which are located within the Republic of Armenia."
https://armenpress.am/arm/news/1038477.html border demarcation continues in Syunik / Pashinyan visits the border settlements
NSS says: border adjustments are being made in Goris-Kapan road sections under the mediation of Russia.
(read Friday report for details). The process will finish in a few days. It'll nesure safe passage for cars.
https://armenpress.am/arm/news/1038380.html Syunik governor Melikset: don't exit the Armenian border to collect or chop wood. Keep your animal herds within Armenia. The border roads will have info-plates with numbers that you can dial if you have questions.
https://armenpress.am/arm/news/1038383.html Pashinyan before visiting Syunik: I am saddened to learn that my visit to Syunik has ignited certain passions. I hope you will be convinced that my decision to visit Syunik is not intended to inflame everyone. I made the decision to convey my respect and appreciation for the people of Syunik. The second most important reason is to answer your questions, to give the necessary explanations. Not a single millimeter of land has been ceded from Syunik Province of RA and I hope we'll be able to talk about this.
https://armenpress.am/arm/news/1038397.html protesters A group of protesters, lead by the city's deputy-mayors, closed the Goris road so Pashinyan couldn't enter the city. The police were involved, there was a scuffle.
Goris mayor ex-HHK Arush Arushanyan was taken to the police station earlier that day and charged with attempting to organize an unauthorized event/protest (Code 34-225
1) to prevent the PM from entering the city. HHK and BHK officials gathered outside of the police station to show him support.
2010 border demarcation law, the "GPS" myth Pashinyan met the crowd in Sisian. One of the opposition's complaints has been
"GPS is inaccurate and cannot be used for demarcation", to which, Pashinyan answered,
"[the demarcation] is done multiple times, with different methods. There is no issue in this regard." Pashinyan: There is a lot of talk about *"giving away" Syunik". In fact, it is quite the opposite. When we deploy our border troops in accordance with the Armenian border, our level of security increases because that border also becomes the border of the security system of which we are a member.
The demarcation is carried out following the law
adopted in 2010. The issue is that the current borders, the description of the administrative borders of our communities, were clarified by the law on the "administrative-territorial division of the Republic of Armenia", adopted in 2010.
In that law, for example, villages
Khndzoresk and Tegh were drawn to include borders with Azerbaijan. The government in 2010 had accepted that demarcation; now we're facing problems here. And today, some of the people, who ask why and how the borders are being demarcated this way, are the same officials who were public officials in 2010, who adopted this law.If what we're doing today is "treason", then what happened in 2010 is even more of a "treason".
"why didn't CSTO get involved during war?" Pashinyan: why didn't CSTO act during the war? For the same reason: our 2010 law states that this is what our official Republic of Armenia border is and that anything beyond Tegh village is Azerbaijan. CSTO, naturally, couldn't act beyond our official borders. We have received assurances that in the event of action within our borders, the bloc will act.
army & people Resident: our army did not lose the war.
Pashinyan: Our army and the people are heroes, there can be no two opinions about it. That doesn't mean there weren't issues, or some soldiers and generals didn't complete their tasks. We must build our self-confidence and optimism one by one, we must rebuild Armenia and Artsakh.
meeting in Sisian Pashinyan visited Sisian city Pantheon. He then met a crowd in the main square and thanked them for
"for such an understanding, for such an acceptance". During a speech in Sisian, Pashinyan said he will avoid confrontation with those who closed the road to Goris city. He said there were families and supporters who wanted to meet in Goris, and that one of the reasons the road was closed to possibly prevent that from happening.
Father of a fallen soldier: Pashinyan still has 8 months to go. He must and will answer all the questions. Tomorrow, ARF Ishkhan Saghatelyan and those guys [ex-regime] must also answer. Tomorrow they [ex-regime] will say "go ask Nikol if you have questions". So Nikol should do his part and answer the questions, so others can answer theirs.
Pashinyan: please try not to politicize today [about giving ARF Ishkhan's name].
Father of a fallen soldier: we must give their names. The same names and their parties are gathered in the public square today. Today you [Nikol] must enter Sisian and elsewhere with your head held high and without bodyguards. Let's get rid of pain and sorrow then we will know what to do next.
various concerns Residents spoke about various border and social issues.
Pashinyan: I came to look at Syunik residents in the eye. I know that I'm guilty in many ways. Our citizens deserve more. Unfortunately, not a single government, including ours, has been able to deliver what our citizens deserve. I apologize on behalf of all governments.
priest vs Pashinyan While in Syunik, Pashinyan entered a church and lit a candle in memory of the fallen. Upon exiting, he came across priest Pargev Zeynalyan. Pashinyan raised his hand to greet but the priest
let it hang in the air. Pashinyan left.
A church representative said the priest had the right to express his political beliefs.
That didn't prevent the crowd, angry at the priest's conduct, to march to the church and block its entrance. They wanted to kick the priest out. The police told the crowd not to enter. The priest refused to meet the protesters. The protesters left and promised,
"not to allow the politicized priest to enter that church again". The priest denied subsequent false rumors about police allegedly raiding his house over the incident.
(of course, gotta throw a couple of fake news here and there for "political persecutions" illusion) Pashinyan was supposed to travel from Sisian to Goris, but the road was closed, as mentioned earlier. He decided not to confront the group and returned to Yerevan.
"Now I am convinced that the road was closed so that it does not become obvious that the atmosphere in Goris, Kapan, Kajaran, Meghri was the same as in Sisian *[generally welcoming]. We will not resort to force, especially on the day of mourning. We are returning to Yerevan. I owe one visit to Goris, Kapan, Kajaran, and Meghri. Peace to our martyrs."*
https://youtu.be/asPPVNg_k0Y ,
https://www.armtimes.com/hy/article/203410 ,
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https://www.armtimes.com/hy/article/203407 ,
https://www.armtimes.com/hy/article/203415 ,
https://youtu.be/4pqY2hmff68 ,
https://youtu.be/M9wP9e_UoBA ,
https://factor.am/322943.html border demarcation: Shurnukh border village suburbs
Mayor of border village Shurnukh, Syunik: The 12 houses in the lower suburbs, which according to rumors were supposed to go under Azeri control, will stay under Armenian control, according to the latest updated information. The army and Russians came and began working on border installation beyond the village area. I'm not entirely sure this is the final status, it could change, so stay tuned.
There will be a demarcation process but I don't know when. Our local volunteers guard the borders. Women and children were evacuated from the area for now, just in case.
https://www.armtimes.com/hy/article/203332 re: Russians will guard parts of 21km Syunik road
MoD says: some of the 21km Goris-Kapan road goes through disputed areas. We have an agreement for Russian border guards to monitor Goris-Kapan and Goris-Davit Bek sections to ensure safe passage. Armenian and Azeri troops will be stationed on opposite sides of the road. More info in the coming days.
(if you look at the map, the road is the exact border) https://www.armtimes.com/hy/article/203346 press unions condemn attacks on media outlets / free press
First incident. Former regime's activists attempted to prevent Pashinyan and tens of thousands of participants from marching to Yerablur Pantheon on weekend. During the incident, they identified a journalist from "Azatutyun"
(pro-western) and began assaulting him.
(Azatutyun office was also raided by supporters of former regime on November 10th).
Second incident. 5TV is owned by Kocharyan's friend. It has a record of manipulating interviews and information in general
(e.g. the March 1st documentary). Some people don't like them for this reason. 5TV reporter was cussed by Pashinyan supporters, while QP MP Andranik Kocharyan refused to take questions from him.
Third incident. Opposition activists cussed Azatutyun reporters and tried to prevent them from doing the work.
https://armenpress.am/arm/news/1038471.html PRESS casualties during the war
HR Ombusmn: Five foreign and two Armenian reporters received severe injuries during the war. One reporter was killed. They were targeted by Azerbaijan intentionally. They were wearing PRESS uniforms, which are visibly different from army uniforms. Azerbaijan prevented reporters from working in front lines and launched a felony investigation against some international reporters
(Semyon Pegov) for visiting Artsakh.
https://web.archive.org/web/20201219074426/https://www.armtimes.com/hy/article/203315 POWs & search operation
62 Armenian soldiers remain encircled/captured near the Khtsaberd village after the previous weekend skirmishes in the narrow strip of land held by Armenia west of the Shushi-Hadrut corridor.
"They are alive and well." Azerbaijan has acknowledged their presence. Work is being done with Russian peacekeepers to repatriate them. 70 others had returned a few days ago. One volunteer guard said it began after over a thousand Azeri troops moved forward and told them to leave a position; some did while others didn't. This area did not have Russian peacekeepers until the incident.
https://armenpress.am/arm/news/1038368.html ,
https://armenpress.am/arm/news/1038369.html ,
https://www.armtimes.com/hy/article/203369 Six POW soldiers returned home on Sunday. They were captured during the war. President Arayik thanked Putin for mediating the transfer.
https://armenpress.am/arm/news/1038386.html Two more POWs returned on Monday.
https://armenpress.am/arm/news/1038479.html Since the ceasefire, 1039 bodies of soldiers have been recovered from battlefields. The searches continue in the Shushi region, Martuni, Hadrut, Fizuli. 22 found today.
https://armenpress.am/arm/news/1038417.html ,
https://factor.am/322564.html medals awarded
Four Emergency Ministry employes received medals posthumously.
https://armenpress.am/arm/news/1038452.html felony investigations post-war / SIS launches an investigation to examine:
1) Reports of officers disobeying commands during the war, and desertion. 882 cases are being examined. Dozens have been charged.
2) Several civilian and military individuals intentionally spread alarming information to create panic among soldiers in the front lines
(Vitalik's friend's incident, possibly), and claimed that the war was already decided, it was a conspiracy, and that it was pointless to fight. There are multiple felony cases regarding this. Investigation continues.
3) A felony case is launched against an officer who refused to do his duties in the southern part of Artsakh.
(if this is General Movses Hakobyan, expect him to cry "political persecution" because he was the first one to give a press conference to create a narrative, a-la Dodi Gago).
4) Investigations over claims made by General Movses Hakobyan on
November 19th. We're investigating a group of high-ranking officials for possibly violating protocols set by the Defense Ministry, which lead to reduced performance, which impacted the outcome of the war.
We are also examining the reports, submitted by various political parties, to investigate the $5 billion offer that was made to Pashinyan by Aliyev
(the offer Aliyev made to Serj and Pashinyan to give away 7 regions without a fight).
5) A felony investigation was launched [to investigate Pashinyan] after [former regime figure] Garnik Isagulyan claimed that Pashinyan took a $48 million bribe from Turkey and that his NSS chief Qyaramyan gave away 1400 passports to Azerbaijan, and helped Azeris to invade Hadrut. Isaghulyan was invited to SIS to provide evidence; he refused. The examination found no proof of these claims. A felony case was launched against Isagulyan himself for making false reports.
6) There were multiple reports in mid-November that Shushi was "sold" and an order was given for soldiers to deliberately retreat so Azeris could take it. This was investigated by SIS and NSS, courts were involved, reports from various media outlets are being investigated, including Arayik's leaked phone call and General Samvel Babayan's "post-mortem" interview.
Additionally, there is an investigation of the embezzlement of property belonging to the army.
Besides investigating these claims, we will also investigate their impact on the final outcome of the war.
https://armenpress.am/arm/news/1038432.html lawsuits / Pashinyan's son / army officer / Dmbo Gago
Volunteer soldier Mikael Mikaelyan is suing pro-Kocharyan blog "Politik" over an alleged defamation.
The soldier says: Earlier I wrote that on October 1st I was yelling at deserting soldiers not to leave positions near Jabrayil. Then a similar story in Kubatlu; I wrote that I witnessed how Pashinyan's son Ashot was yelling at deserting soldiers; he was asking them to stay and help.
My post received a lot of attention. It's clear that these two were separate incidents on separate dates, right? They [former regime] began calling me a liar because I could not have seen Pashinyan's son on October 1st because he was sent to the front lines on the 5th. They wrote an article
"Yet another chatlakh who says everyone routed except Ashotik".
https://www.armtimes.com/hy/article/202933 Deputy Army General Chief of Staff Tiran Khachatryan is suing BHK MP Naira Zohrabyabn over an alleged defamation.
https://armenpress.am/arm/news/1038342.html BHK chief Gago's casino "Onira Club" (Shangri La) was in legal trouble over alleged financial crimes.
It also lost the license on July 9th over not paying the necessary fees. The casino is now suing the Finance Ministry to have its license back.
https://www.armtimes.com/hy/article/203413 the cost of Minimum Consumer Basket in Artsakh
... was AMD 58,801 as of December, or +0.4% YoY. The Food Basket costs AMD 33,221.
https://armenpress.am/arm/news/1038441.html Russian peacekeepers & medics
306 refugees returned to Artsakh on Sunday. 1.6km of roads were cleared of explosives, and 1 house was renovated. The peacekeepers have so far renovated 23 houses and rebuilt 8km of electric lines in Martakert. 35 patients were given medical care in Chartar settlement.
https://armenpress.am/arm/news/1038385.html Russian sappers
Russia's Emergency Ministry presented a new de-mining vehicle that's being used in Artsakh's east. Robots play a big role in these operations; they reduce casualties.
https://armenpress.am/arm/news/1038400.html Turkish sappers
Turkey will send 64 sappers to join the existing 135 experts to help Azeris clear the Azeri-controlled areas.
https://factor.am/322816.html Russian aid
Seven more trucks with humanitarian aid arrived in Artsakh from Russia.
https://www.armtimes.com/hy/article/203358 housing for Russian peacekeepers
Modular housing blocs were built for 250 Russian envoy members in Stepanakert. It has apartments, a gym, a medical office, and other accommodations.
Photo:
https://armenpress.am/arm/news/1038429.html interview with Artsakh residents
https://youtu.be/tBb6Wbwovsg?t=8 Spanish city of Santa Pau
... has officially recognized the independence of the Republic of Artsakh. The resolution condemns the Azeri aggression, Turkey's active involvement.
https://www.armtimes.com/hy/article/203392 Germany wants to purchase drone missiles
... after analyzing their use in the Artsakh war. Israeli-made Heron TP will be purchased in the coming months.
digit 3: exists Germany: mhmmm 🤔
https://armenpress.am/arm/news/1038398.html COVID stats
+2563 tested. +652 infected. +14 deaths. +604 healed. 18011 active.
https://armenpress.am/arm/news/1038365.html In Artsakh, 2585 tests have been done since October 1st. 1130 were positive. 70 daily tests nowadays. 232 people have been treated in hospitals; 129 have been discharged. 30 deaths.
https://armenpress.am/arm/news/1038436.html electricity prices
The Public Utility Commission decided to keep the electricity prices the same for low-income families, and 90% of those who consume less than 400 kW/h. The large-scale consumers will see AMD 3 increase. The rate will go into effect in February.
(the nuclear plant will be closed for much of the year for the final big renovation; there were talks that it could impact prices) https://www.panarmenian.net/arm/news/288860/ infrastructure repairs
7km of roads and water drainage were repaired and installed in Horbategh, Vayots Dzor. It's a tourist area. Locals hope the renovations will improve their economic status. Smbataberd, Tsaghatsqar complex, and St. Hreshtakapetats are located nearby.
https://www.armtimes.com/hy/article/203420 sports news
Armenia's Sambo team has won 5 medals
(2S, 3B) in the world cup.
https://armenpress.am/arm/news/1038364.html Arthur Davtyan won 4 gold and 2 bronze medals in the Voronin Cup athletics competition. One was won by Armen Petrosyan.
https://armenpress.am/arm/news/1038372.html ,
https://armenpress.am/arm/news/1038387.html Henrikh Mkhitaryan gave a goal-pass in the third minute.
That didn't stop his team Roma from losing to Atlanta 4:1. https://armenpress.am/arm/news/1038390.html HimnaDram.org / housing for Artsakh civizens
All Armenia Fund met Artsakh govt to discuss housing for refugees and the homeless. They plan 9 new buildings with 236 in Askeran, 132 in Martuni, while the assessment for capital Stepanakert and elsewhere continues. Contracts were signed with construction firms. Artsakh govt thanked Himnadram for continuous help.
https://www.armtimes.com/hy/article/203336 humanitarian aid
Aurora humanitarian foundation has doubled its aid to Artsakh to $400,000. It'll be spent on 46 projects, including on HALO de-mining efforts. Aurora invited charity organizations to visit Artsakh.
https://armenpress.am/arm/news/1038418.html The Red Cross has provided construction materials to renovate 500 houses in Artsakh.
https://www.armtimes.com/hy/article/203399 My Step foundation has donated $13,500 in household appliances to Artsakh families.
https://www.armtimes.com/hy/article/203401 you can donate to Artsakh & Armenia
www.1000plus.am (soldiers' medical help)
www.HimnaDram.org (for Artsakh & Armenia)
www.ArmeniaFund.org (U.S. tax-deductible)
archive of older posts
Armeniapedia's archive of my daily news threads
: http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports disclaimer
All the accused are considered innocent unless proven guilty in the court of law, even if they "sound" guilty.
An overview of Trump’s numerous ties to Russia
Trump was over a billion in debt and the Russians
bailed him out. ► Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use
Trump real estate to launder money. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger.
► In 1984, David Bogatin — a convicted Russian mobster and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob. (
NY Times, Apr 30, 1992)
►
Felix Sater is a Russian-born former mobster, and former managing director of NY real estate conglomerate Bayrock Group LLC located on the 24th floor of Trump Tower.
He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Michael Cohen--Trump's former "fixer" attorney. Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob. This goes back more than 30 years.
► Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through Bayrock (mentioned above). Bayrock was run by two investors: Tevfik Arif, a Kazakhstan-born former Soviet official who drew on bottomless sources of money from the former Soviet republic; and
Felix Sater, a Russian-born businessman who had pleaded guilty in the 1990s to a huge stock-fraud scheme involving the Russian mafia. Bayrock partnered with Trump in 2005 and poured money into the Trump organization under the legal guise of licensing his name and property management.
► In July 2008, the height of the housing bust,
Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. Again, this was the height of the recession when all other property had plummeted in value.
► Semion Mogilevich was the brains behind the Russian Mafia.
Mogilevich operatives have been using Trump real estate for decades to launder money. That means Russian Mafia operatives have been part of his fortune for years. Many of them owned condos in Trump Towers and other properties. They were running operations out of Trump's crown jewel.
► From Craig Unger's AMA: "Early on, a source told me that all this was tied to Semion Mogilevich, the powerful Russian mobster. I had never even heard of him, but I immediately went to a database that listed the owners of all properties in NY state and looked up all the Trump properties. Every time I found a Russian sounding name, I would Google, and add Mogilevich. When you do investigative reporting, you anticipate drilling a number of dry holes, but almost everyone I googled turned out to be a Russian mobster. Again and again. If you know New York you don't expect Trump Tower to be a high crime neighborhood, but there were far too many Russian mobsters in Trump properties for it to be a coincidence."
► So many Russians bought Trump apartments at his developments in Florida that the area became known as Little Moscow. The developers of two of his hotels were Russians with significant links to the Russian mob. The late leader of that mob in the United States, Vyacheslav Kirillovich Ivankov, was
living at Trump Tower ► According to a
Bloomberg investigation (3/16/2017) into Trump World Tower, “a third of units sold on floors 76 through 83 by 2004 involved people or limited liability companies connected to Russia and neighboring states.”
► In 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million.
A condo directly below one owned by Trump reportedly served as HQ for a “sophisticated money-laundering scheme” connected to Semion Mogilevich. ► The Russia Mafia is part and parcel of Russian intelligence.
Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have been operating out of the home of the president of the United States is deeply disturbing.
► Rudy Giuliani famously prosecuted the Italian mob while he was a federal prosecutor, yet the Russian mob was allowed to thrive. Now he's deeply entwined in the business of Trump and Russian oligarchs. Giuiani appointed Semyon Kislin to the NYC Economic Development Council in 1990, and the
FBI described Kislin as having ties to the Russian mob. Of course, it made good political sense for Giuliani to get headlines for smashing the Italian mob.
► A lot of Republicans in Washington are implicated. Boatloads of Russian money went to the GOP--often in legal ways.
The NRA got as much as $70M from Russia, then funneled it to the GOP. The Republican Senatorial Campaign Committee lead by McConnell
got millions from Leonard Blavatnik. In the 90s, the Russians began sending money to top GOP leaders, like Speaker of the House Tom Delay. Craig Unger's book alleges that most of the GOP leadership has been compromised by RU money.
► At the Cityscape USA’s Bridging US and the Emerging Real Estate Markets Conference held in Manhattan, on September 9, 10, and 11, 2008, Donald Trump Jr. was frank about the tide of Russian money supporting the family business,
saying "...And in terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets." ► Eric Trump told golf reporter James Dodson in 2014 that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks.
We have all the funding we need out of Russia.” ► Russian oligarchs
co-signed Trump’s Deutsche bank loans. Trump now gleefully takes cues from Putin:
► At the end of 2018, Putin and his allies started making a strong push for a resolution that would justify their country’s 1979 invasion of Afghanistan and reverse an 1989 vote backed by Mikhail Gorbachev that condemned it. The Putinists’ goal was to pass the resolution by Feb. There is no one on this side of the Atlantic who thinks the USSR was justified in invading Afghanistan. And out of nowhere, on January 2nd,
Trump came out strongly supporting Russia's 1979 invasion of Afghanistan. ► Trump went against American intelligence on North Korean missiles. He told the FBI he
didn't believe their intelligence because Putin told him otherwise. “I don't care, I believe Putin"
►
Trump met in secret with Putin at the G20 summit in November 2018, without note takers. 19 days later, he announced a
withdrawal from Syria. As a note, Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
►
Trump refused to enforce sanctions legally codified into law - and in some cases reversed standing sanctions on Russian companies.
► He has denounced his own intelligence agencies in a press conference with Putin on election meddling -
and publicly endorsed Putin's version of events. ► Trump
pulled out of the INF treaty with no explanation, which allows Putin to create long-range hypersonic missiles that threaten Europe with impunity. The US already has all the weaponry that the INF would ban the development of, so this offers us literally nothing, while allowing Russia to develop powerful new weapons to challenge our allies.
►
Demanded Russia get invited back into G7 ► Pushed the CIA to
give American intelligence to the Kremlin. ► Withdrew from the
Open Skies treaty ►
Received intelligence in 2019 that Russia was paying bounties for dead American soldiers, and hasn't done anything about it by the time of this writing.
►
Announced troop withdrawal from Germany (America's missile defense from Russia and forward operating base against Russian aggression)
► And of course,
Trump continues to threaten to pull out of NATO, a move so catastrophically stupid, so inconceivably cosmically myopic, I truly can't express the profundity of the idiocy. Suffice to say, pulling out of NATO would be like the only guy in a prison yard with a shotgun just throwing it over the fence for absolutely no reason, suddenly giving the people with crude homemade shivs complete power.
►
Trump commuted the sentence of Roger Stone, a former advisor convicted several charges, including lying to Congress, witness tampering and obstructing a congressional committee proceeding, as part of former special counsel Robert Mueller's Russia investigation.
Edit: thanks for the awards, credit should also go to
u/victorvictor1 who originally composed this list. Also, please share so that more people can see this
Why is Texas holdem so popular compared to other poker game variants?
In early decade of 20s and before that, 7-card stud game was the officially acclaimed popular poker game across the world. Soon, after with boom of Texas Holdem took the crown from the 7-card stud and became quite popular for both land-based and online poker rooms by the late 2000s. This game has gained popularity at such an enormous rate that today players consider it as a sport professionally.
The reason behind its brewing popularity is its ease to learn gameplay and faster turnaround time to play one hand. Texas Holdem Poker happened on one of the casino streets of Las Vegas in the late 60s. Player, bill Boyd took the responsibility of training the fellow players and since then, the Texas Holdem started spreading gradually. Soon after the Poker Boom where cable TV started streaming the poker game live transformed the poker game industry completely and now, Texas Holdem is the highly preferred poker game and its popularity is the mark for poker game development company.
Why Texas Holdem Gaining Popularity Than Other Poker Variations?
Though Texas Holdem doesn’t have any other variant in competition but Omaha Poker comes next in terms of popularity where players receive four hole cards, instead of two. The demography plays a critical role here as Americans prefer Texas there Europeans took like to Omaha. Yet, we have seen full tables for Texas Holdem in online and land-based casinos which gets often amiss in Omaha. This clearly says neither Texas Holdem poker game development nor Texas Holdem game will lose its popularity anytime soon. The reasons are as
1. Easiest poker games to learn, grasp and play.
Texas Holdem gameplay prepares the foundation of the basics of the poker game.
Though, Omaha has similar rules as Texas Holdem put but the decision to opt the two out of four hole cards makes the game exciting yet confusing, Even expert poker game developers concludes that Omaha poker game development is much more challenging than texas holdem poker game development. Few players still find seven-card stud easy where as the argument pulls this statement off is Texas Holdem comprises lesser streets and it becomes easier to determine who is going to act first on each street.
The new players are looking to get training with strategy development to improve their poker game skills. This skill-building is evidently helpful for the games of Omaha and other poker game variants.
This is why these poker game variants comprise of great professional players which makes Texas Holdem a great gaming space for all levels of poker players from novice to veterans.
With the constant transformation in the poker game industry with technology, poker bot development, improved gaming experience, chat and immersive communication mediums among the pool of poker players, it seems we will be witnessing more variations in Texas Holdem poker game development.
Texas Hold’em is simply a game of plain strategy with more complexities and challenges, that allure new players to never get tired out of the game. It can be foreseen that in the coming few decades, Texas holdem poker will still be ruling over the other poker game variants.
You can also be a part of this evolving industry immediately, all you need is to buy a poker game app or rent a poker portal from the best Texas Holdem poker game development company.
[NYTimes] Sources describe horror stories of young and inexperienced investors on Robinhood, many engaging in riskier trades at far higher volumes than at other firms
https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free.
Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app.
As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956.
“When he is doing his trading, he won’t want to eat,” said his wife, Tashika Dobatse, with whom he has three children. “He would have nightmares.”
Millions of young Americans have begun investing in recent years through Robinhood, which was founded in 2013 with a sales pitch of no trading fees or account minimums. The ease of trading has turned it into a cultural phenomenon and a Silicon Valley darling, with the start-up climbing to an $8.3 billion valuation. It has been one of the tech industry’s biggest growth stories in the recent market turmoil.
But at least part of Robinhood’s success appears to have been built on a Silicon Valley playbook of behavioral nudges and push notifications, which has drawn inexperienced investors into the riskiest trading, according to an analysis of industry data and legal filings, as well as interviews with nine current and former Robinhood employees and more than a dozen customers. And the more that customers engaged in such behavior, the better it was for the company, the data shows.
Thanks for reading The Times. Subscribe to The Times More than at any other retail brokerage firm, Robinhood’s users trade the riskiest products and at the fastest pace, according to an analysis of new filings from nine brokerage firms by the research firm Alphacution for The New York Times.
In the first three months of 2020, Robinhood users traded nine times as many shares as E-Trade customers, and 40 times as many shares as Charles Schwab customers, per dollar in the average customer account in the most recent quarter. They also bought and sold 88 times as many risky options contracts as Schwab customers, relative to the average account size, according to the analysis.
The more often small investors trade stocks, the worse their returns are likely to be, studies have shown. The returns are even worse when they get involved with options, research has found.
This kind of trading, where a few minutes can mean the difference between winning and losing, was particularly hazardous on Robinhood because the firm has experienced an unusual number of technology issues, public records show. Some Robinhood employees, who declined to be identified for fear of retaliation, said the company failed to provide adequate guardrails and technology to support its customers.
Those dangers came into focus last month when Alex Kearns, 20, a college student in Nebraska, killed himself after he logged into the app and saw that his balance had dropped to negative $730,000. The figure was high partly because of some incomplete trades.
“There was no intention to be assigned this much and take this much risk,” Mr. Kearns wrote in his suicide note, which a family member posted on Twitter.
Like Mr. Kearns, Robinhood’s average customer is young and lacks investing know-how. The average age is 31, the company said, and half of its customers had never invested before.
Some have visited Robinhood’s headquarters in Menlo Park, Calif., in recent years to confront the staff about their losses, said four employees who witnessed the incidents. This year, they said, the start-up installed bulletproof glass at the front entrance.
“They encourage people to go from training wheels to driving motorcycles,” Scott Smith, who tracks brokerage firms at the financial consulting firm Cerulli, said of Robinhood. “Over the long term, it’s like trying to beat the casino.”
At the core of Robinhood’s business is an incentive to encourage more trading. It does not charge fees for trading, but it is still paid more if its customers trade more.
That’s because it makes money through a complex practice known as “payment for order flow.” Each time a Robinhood customer trades, Wall Street firms actually buy or sell the shares and determine what price the customer gets. These firms pay Robinhood for the right to do this, because they then engage in a form of arbitrage by trying to buy or sell the stock for a profit over what they give the Robinhood customer.
This practice is not new, and retail brokers such as E-Trade and Schwab also do it. But Robinhood makes significantly more than they do for each stock share and options contract sent to the professional trading firms, the filings show.
For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings. In total, Robinhood got $18,955 from the trading firms for every dollar in the average customer account, while Schwab made $195, the Alphacution analysis shows. Industry experts said this was most likely because the trading firms believed they could score the easiest profits from Robinhood customers.
Vlad Tenev, a founder and co-chief executive of Robinhood, said in an interview that even with some of its customers losing money, young Americans risked greater losses by not investing in stocks at all. Not participating in the markets “ultimately contributed to the sort of the massive inequalities that we’re seeing in society,” he said.
Mr. Tenev said only 12 percent of the traders active on Robinhood each month used options, which allow people to bet on where the price of a specific stock will be on a specific day and multiply that by 100. He said the company had added educational content on how to invest safely.
He declined to comment on why Robinhood makes more than its competitors from the Wall Street firms. The company also declined to comment on Mr. Dobatse or provide data on its customers’ performance.
Robinhood does not force people to trade, of course. But its success at getting them do so has been highlighted internally. In June, the actor Ashton Kutcher, who has invested in Robinhood, attended one of the company’s weekly staff meetings on Zoom and celebrated its success by comparing it to gambling websites, said three people who were on the call.
Mr. Kutcher said in a statement that his comment “was not intended to be a comparison of business models nor the experience Robinhood provides its customers” and that it referred “to the current growth metrics.” He added that he was “absolutely not insinuating that Robinhood was a gambling platform.”
ImageRobinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone. Robinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone.Credit...via Reuters Robinhood was founded by Mr. Tenev and Baiju Bhatt, two children of immigrants who met at Stanford University in 2005. After teaming up on several ventures, including a high-speed trading firm, they were inspired by the Occupy Wall Street movement to create a company that would make finance more accessible, they said. They named the start-up Robinhood after the English outlaw who stole from the rich and gave to the poor.
Robinhood eliminated trading fees while most brokerage firms charged $10 or more for a trade. It also added features to make investing more like a game. New members were given a free share of stock, but only after they scratched off images that looked like a lottery ticket.
The app is simple to use. The home screen has a list of trendy stocks. If a customer touches one of them, a green button pops up with the word “trade,” skipping many of the steps that other firms require.
Robinhood initially offered only stock trading. Over time, it added options trading and margin loans, which make it possible to turbocharge investment gains — and to supersize losses.
The app advertises options with the tagline “quick, straightforward & free.” Customers who want to trade options answer just a few multiple-choice questions. Beginners are legally barred from trading options, but those who click that they have no investing experience are coached by the app on how to change the answer to “not much” experience. Then people can immediately begin trading.
Before Robinhood added options trading in 2017, Mr. Bhatt scoffed at the idea that the company was letting investors take uninformed risks.
“The best thing we can say to those people is ‘Just do it,’” he told Business Insider at the time.
In May, Robinhood said it had 13 million accounts, up from 10 million at the end of 2019. Schwab said it had 12.7 million brokerage accounts in its latest filings; E-Trade reported 5.5 million.
That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billion into Robinhood. In May, the company received a fresh $280 million.
“Robinhood has made the financial markets accessible to the masses and, in turn, revolutionized the decades-old brokerage industry,” Andrew Reed, a partner at Sequoia, said after last month’s fund-raising.
Image Robinhood shows users that its options trading is free of commissions. Robinhood shows users that its options trading is free of commissions. Mr. Tenev has said Robinhood has invested in the best technology in the industry. But the risks of trading through the app have been compounded by its tech glitches.
In 2018, Robinhood released software that accidentally reversed the direction of options trades, giving customers the opposite outcome from what they expected. Last year, it mistakenly allowed people to borrow infinite money to multiply their bets, leading to some enormous gains and losses.
Robinhood’s website has also gone down more often than those of its rivals — 47 times since March for Robinhood and 10 times for Schwab — according to a Times analysis of data from Downdetector.com, which tracks website reliability. In March, the site was down for almost two days, just as stock prices were gyrating because of the coronavirus pandemic. Robinhood’s customers were unable to make trades to blunt the damage to their accounts.
Four Robinhood employees, who declined to be identified, said the outage was rooted in issues with the company’s phone app and servers. They said the start-up had underinvested in technology and moved too quickly rather than carefully.
Mr. Tenev said he could not talk about the outage beyond a company blog post that said it was “not acceptable.” Robinhood had recently made new technology investments, he said.
Plaintiffs who have sued over the outage said Robinhood had done little to respond to their losses. Unlike other brokers, the company has no phone number for customers to call.
Mr. Dobatse suffered his biggest losses in the March outage — $860,000, his records show. Robinhood did not respond to his emails, he said, adding that he planned to take his case to financial regulators for arbitration.
“They make it so easy for people that don’t know anything about stocks,” he said. “Then you go there and you start to lose money.”
submitted by jayatum to investing [link] [comments]
Know Your President!
There's a lot of disinformation out there spread by foreign trolls and domestic militants. Qanon is nonsense but it serves a purpose of blunting the facts. "You say Trump was helped by the Russians? What about Hillary eating babies?"
A poster named Tobert420 put together a comprehensive list that worth reviewing before voting in the coming election. Since the goal of those spreading disinformation is to muddy the waters, I thought I would share his work. Knowledge is power.
An Overview of Donald Trump’s numerous ties to Russia, with sources!
📷
Trump was over a billion in debt and the Russians
bailed him out. ► Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use
Trump real estate to launder money. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger.
► In 1984, David Bogatin — a convicted Russian mobster and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob. (
NY Times, Apr 30, 1992)
► Felix Sater is a Russian-born former mobster, and former managing director of NY real estate conglomerate Bayrock Group LLC located on the 24th floor of Trump Tower.
He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Michael Cohen--Trump's former "fixer" attorney. Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob. This goes back more than 30 years.
► Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through Bayrock (mentioned above). Bayrock was run by two investors: Tevfik Arif, a Kazakhstan-born former Soviet official who drew on bottomless sources of money from the former Soviet republic; and
Felix Sater, a Russian-born businessman who had pleaded guilty in the 1990s to a huge stock-fraud scheme involving the Russian mafia. Bayrock partnered with Trump in 2005 and poured money into the Trump organization under the legal guise of licensing his name and property management.
► In July 2008, the height of the housing bust,
Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. Again, this was the height of the recession when all other property had plummeted in value.
► Semion Mogilevich was the brains behind the Russian Mafia.
Mogilevich operatives have been using Trump real estate for decades to launder money. That means Russian Mafia operatives have been part of his fortune for years. Many of them owned condos in Trump Towers and other properties. They were running operations out of Trump's crown jewel.
► From Craig Unger's AMA: "Early on, a source told me that all this was tied to Semion Mogilevich, the powerful Russian mobster. I had never even heard of him, but I immediately went to a database that listed the owners of all properties in NY state and looked up all the Trump properties. Every time I found a Russian sounding name, I would Google, and add Mogilevich. When you do investigative reporting, you anticipate drilling a number of dry holes, but almost everyone I googled turned out to be a Russian mobster. Again and again. If you know New York you don't expect Trump Tower to be a high crime neighborhood, but there were far too many Russian mobsters in Trump properties for it to be a coincidence."
► So many Russians bought Trump apartments at his developments in Florida that the area became known as Little Moscow. The developers of two of his hotels were Russians with significant links to the Russian mob. The late leader of that mob in the United States, Vyacheslav Kirillovich Ivankov, was
living at Trump Tower ► According to a
Bloomberg investigation (3/16/2017) into Trump World Tower, “a third of units sold on floors 76 through 83 by 2004 involved people or limited liability companies connected to Russia and neighboring states.”
► In 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million.
A condo directly below one owned by Trump reportedly served as HQ for a “sophisticated money-laundering scheme” connected to Semion Mogilevich. ► The Russia Mafia is part and parcel of Russian intelligence.
Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have been operating out of the home of the president of the United States is deeply disturbing.
► Rudy Giuliani famously prosecuted the Italian mob while he was a federal prosecutor, yet the Russian mob was allowed to thrive. Now he's deeply entwined in the business of Trump and Russian oligarchs. Giuiani appointed Semyon Kislin to the NYC Economic Development Council in 1990, and the
FBI described Kislin as having ties to the Russian mob. Of course, it made good political sense for Giuliani to get headlines for smashing the Italian mob.
► A lot of Republicans in Washington are implicated. Boatloads of Russian money went to the GOP--often in legal ways.
The NRA got as much as $70M from Russia, then funneled it to the GOP. The Republican Senatorial Campaign Committee lead by McConnell
got millions from Leonard Blavatnik. In the 90s, the Russians began sending money to top GOP leaders, like Speaker of the House Tom Delay. Craig Unger's book alleges that most of the GOP leadership has been compromised by RU money.
► At the Cityscape USA’s Bridging US and the Emerging Real Estate Markets Conference held in Manhattan, on September 9, 10, and 11, 2008, Donald Trump Jr. was frank about the tide of Russian money supporting the family business,
saying "...And in terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets." ► Eric Trump told golf reporter James Dodson in 2014 that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks.
We have all the funding we need out of Russia.” ► Russian oligarchs
co-signed Trump’s Deutsche bank loans. Trump now gleefully takes cues from Putin:
► At the end of 2018, Putin and his allies started making a strong push for a resolution that would justify their country’s 1979 invasion of Afghanistan and reverse an 1989 vote backed by Mikhail Gorbachev that condemned it. The Putinists’ goal was to pass the resolution by Feb. There is no one on this side of the Atlantic who thinks the USSR was justified in invading Afghanistan. And out of nowhere, on January 2nd,
Trump came out strongly supporting Russia's 1979 invasion of Afghanistan. ► Trump went against American intelligence on North Korean missiles. He told the FBI he
didn't believe their intelligence because Putin told him otherwise. “I don't care, I believe Putin"
►
Trump met in secret with Putin at the G20 summit in November 2018, without note takers. 19 days later, he announced a
withdrawal from Syria. As a note, Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
►
Trump refused to enforce sanctions legally codified into law - and in some cases reversed standing sanctions on Russian companies.
► He has denounced his own intelligence agencies in a press conference with Putin on election meddling -
and publicly endorsed Putin's version of events. ► Trump
pulled out of the INF treaty with no explanation, which allows Putin to create long-range hypersonic missiles that threaten Europe with impunity. The US already has all the weaponry that the INF would ban the development of, so this offers us literally nothing, while allowing Russia to develop powerful new weapons to challenge our allies.
►
Demanded Russia get invited back into G7 ► Pushed the CIA to
give American intelligence to the Kremlin. ► Withdrew from the
Open Skies treaty ►
Received intelligence in 2019 that Russia was paying bounties for dead American soldiers, and hasn't done anything about it by the time of this writing.
►
Announced troop withdrawal from Germany (America's missile defense from Russia and forward operating base against Russian aggression)
► And of course,
Trump continues to threaten to pull out of NATO, a move so catastrophically stupid, so inconceivably cosmically myopic, I truly can't express the profundity of the idiocy. Suffice to say, pulling out of NATO would be like the only guy in a prison yard with a shotgun just throwing it over the fence for absolutely no reason, suddenly giving the people with crude homemade shivs complete power.
►
Trump commuted the sentence of Robert Stone, a former advisor convicted several charges, including lying to Congress, witness tampering and obstructing a congressional committee proceeding, as part of former special counsel Robert Mueller's Russia investigation.
An Overview of Donald Trump’s numerous ties to Russia, with sources!
Trump was over a billion in debt and the Russians
bailed him out. ► Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use
Trump real estate to launder money. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger.
► In 1984, David Bogatin — a convicted Russian mobster and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob. (
NY Times, Apr 30, 1992)
► Felix Sater is a Russian-born former mobster, and former managing director of NY real estate conglomerate Bayrock Group LLC located on the 24th floor of Trump Tower.
He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Michael Cohen--Trump's former "fixer" attorney. Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob. This goes back more than 30 years.
► Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through Bayrock (mentioned above). Bayrock was run by two investors: Tevfik Arif, a Kazakhstan-born former Soviet official who drew on bottomless sources of money from the former Soviet republic; and
Felix Sater, a Russian-born businessman who had pleaded guilty in the 1990s to a huge stock-fraud scheme involving the Russian mafia. Bayrock partnered with Trump in 2005 and poured money into the Trump organization under the legal guise of licensing his name and property management.
► In July 2008, the height of the housing bust,
Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. Again, this was the height of the recession when all other property had plummeted in value.
► Semion Mogilevich was the brains behind the Russian Mafia.
Mogilevich operatives have been using Trump real estate for decades to launder money. That means Russian Mafia operatives have been part of his fortune for years. Many of them owned condos in Trump Towers and other properties. They were running operations out of Trump's crown jewel.
► From Craig Unger's AMA: "Early on, a source told me that all this was tied to Semion Mogilevich, the powerful Russian mobster. I had never even heard of him, but I immediately went to a database that listed the owners of all properties in NY state and looked up all the Trump properties. Every time I found a Russian sounding name, I would Google, and add Mogilevich. When you do investigative reporting, you anticipate drilling a number of dry holes, but almost everyone I googled turned out to be a Russian mobster. Again and again. If you know New York you don't expect Trump Tower to be a high crime neighborhood, but there were far too many Russian mobsters in Trump properties for it to be a coincidence."
► So many Russians bought Trump apartments at his developments in Florida that the area became known as Little Moscow. The developers of two of his hotels were Russians with significant links to the Russian mob. The late leader of that mob in the United States, Vyacheslav Kirillovich Ivankov, was
living at Trump Tower ► According to a
Bloomberg investigation (3/16/2017) into Trump World Tower, “a third of units sold on floors 76 through 83 by 2004 involved people or limited liability companies connected to Russia and neighboring states.”
► In 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million.
A condo directly below one owned by Trump reportedly served as HQ for a “sophisticated money-laundering scheme” connected to Semion Mogilevich. ► The Russia Mafia is part and parcel of Russian intelligence.
Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have been operating out of the home of the president of the United States is deeply disturbing.
► Rudy Giuliani famously prosecuted the Italian mob while he was a federal prosecutor, yet the Russian mob was allowed to thrive. Now he's deeply entwined in the business of Trump and Russian oligarchs. Giuiani appointed Semyon Kislin to the NYC Economic Development Council in 1990, and the
FBI described Kislin as having ties to the Russian mob. Of course, it made good political sense for Giuliani to get headlines for smashing the Italian mob.
► A lot of Republicans in Washington are implicated. Boatloads of Russian money went to the GOP--often in legal ways.
The NRA got as much as $70M from Russia, then funneled it to the GOP. The Republican Senatorial Campaign Committee lead by McConnell
got millions from Leonard Blavatnik. In the 90s, the Russians began sending money to top GOP leaders, like Speaker of the House Tom Delay. Craig Unger's book alleges that most of the GOP leadership has been compromised by RU money.
► At the Cityscape USA’s Bridging US and the Emerging Real Estate Markets Conference held in Manhattan, on September 9, 10, and 11, 2008, Donald Trump Jr. was frank about the tide of Russian money supporting the family business,
saying "...And in terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets." ► Eric Trump told golf reporter James Dodson in 2014 that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks.
We have all the funding we need out of Russia.” ► Russian oligarchs
co-signed Trump’s Deutsche bank loans. Trump now gleefully takes cues from Putin:
► At the end of 2018, Putin and his allies started making a strong push for a resolution that would justify their country’s 1979 invasion of Afghanistan and reverse an 1989 vote backed by Mikhail Gorbachev that condemned it. The Putinists’ goal was to pass the resolution by Feb. There is no one on this side of the Atlantic who thinks the USSR was justified in invading Afghanistan. And out of nowhere, on January 2nd,
Trump came out strongly supporting Russia's 1979 invasion of Afghanistan. ► Trump went against American intelligence on North Korean missiles. He told the FBI he
didn't believe their intelligence because Putin told him otherwise. “I don't care, I believe Putin"
►
Trump met in secret with Putin at the G20 summit in November 2018, without note takers. 19 days later, he announced a
withdrawal from Syria. As a note, Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
►
Trump refused to enforce sanctions legally codified into law - and in some cases reversed standing sanctions on Russian companies.
► He has denounced his own intelligence agencies in a press conference with Putin on election meddling -
and publicly endorsed Putin's version of events. ► Trump
pulled out of the INF treaty with no explanation, which allows Putin to create long-range hypersonic missiles that threaten Europe with impunity. The US already has all the weaponry that the INF would ban the development of, so this offers us literally nothing, while allowing Russia to develop powerful new weapons to challenge our allies.
►
Demanded Russia get invited back into G7 ► Pushed the CIA to
give American intelligence to the Kremlin. ► Withdrew from the
Open Skies treaty ►
Received intelligence in 2019 that Russia was paying bounties for dead American soldiers, and hasn't done anything about it by the time of this writing.
►
Announced troop withdrawal from Germany (America's missile defense from Russia and forward operating base against Russian aggression)
► And of course,
Trump continues to threaten to pull out of NATO, a move so catastrophically stupid, so inconceivably cosmically myopic, I truly can't express the profundity of the idiocy. Suffice to say, pulling out of NATO would be like the only guy in a prison yard with a shotgun just throwing it over the fence for absolutely no reason, suddenly giving the people with crude homemade shivs complete power.
►
Trump commuted the sentence of Robert Stone, a former advisor convicted several charges, including lying to Congress, witness tampering and obstructing a congressional committee proceeding, as part of former special counsel Robert Mueller's Russia investigation.
JoJo's Bizarre Adventure OC Tournament #5: Round 1 Match 13 Glitch Vs Laverne
The results are in for Match 11. The winner is… The Graveyard Shift, with a score of 70 to Underground Exodus’s 64! | Category | Winner | Point Totals | Comments |
| Popularity | The Graveyard Shift | 18-12 | |
| Quality | The Graveyard Shift | 22-20 | Reasoning |
| JoJolity | Underground Exodus | 20-22 | Reasoning |
| Conduct | TEAM | 10-10 | |
As things settled, it was hard to tell if it was a fight that had occurred or purposeful demolition. In the middle of it all, sitting atop of one of the only remaining operational washers near the back, Byte had helped himself to a bag of SunChips from the destroyed snack machine as he waited for the load of linens to finish it’s final spin. Thanks to a last-second LOAD, he looked just about no worse for wear, standing out like a sore thumb amongst the carnage. He took the few minutes of relative silence to reflect, his gaze passing over his unconscious opponent laying face-down on the damp floor.
“Boy, that escalated quickly.” His token stream-of-consciousness mumbling coming through even with a mouth full of chips, “I guess it really does kill some people to be patient. I wonder how much it’ll be to fix this place? Fira better be damn happy for all this, maybe I should ask for a raise. Are there any sodas layin’ around-”
Just as the Mandible hopped down to his feet to look for a beverage, the front door of the laundromat swung open, causing Byte to duck down out of reaction. He was expecting company, but had hoped to be long gone before they showed. An amazingly tall suit-vested man stands in the door frame with a look of shock and wonder on his face, tattoos of ‘shading’ adorning his shaved head to make it seem oddly angular. He lets out a long whistle as he strolls in, surveying the damage. “Sweet mother of FUCK, what happened in here?!” Byte knew how bad this all looked, knowing he’d need some kind of cover if he had hopes of fooling the Syndicate capo, so without hesitation deftly smashes his own hand with his hammer. The pain was tremendous, but he manages to keep the screams internal as he bolts up from his spot.
“Kilroy! Thank god you’re here!” Byte lied, holding his now broken hand weakly as he puts on an air of hopeless panic. “You shoulda seen this lady! She was flying all over the place, smashing into walls like some kinda monster! Completely tore up the place!”
Kilroy hurried his pace at the sign of a survivor, moving to get in close. “...you’re from that restaurant, right? The one that stiffed the elders? The hell are you doing here?” The tall man nearly trips on the unconscious body of Marlin, only further adding to his confusion.
“Our machine is shot at the restaurant, I came here to clean some stuff.” Byte motions to the active machine with his broken hand, inciting a wince that he exaggerates for effect. “Then that... Monster came in and just started destroying the place! I dunno how she was putting these holes in the walls, it was insane!”
Kilroy stooped over the chain-bound woman’s unconscious form, nudging her head lightly with a finger before shaking his head. He crouches down for a closer look, mumbling under his breath, “Wonder what these chains do…”
Byte’s eyes shoot wide, managing to keep his thoughts internal for a change. When Kilroy dropped into Elephant Bones the other week, he made no hint toward being a stand user himself, even saying that the Syndicate is actively hunting them down. Byte had even successfully SAVEd a copy of the capo to see what he had on him; did he deliberately let Byte do so? Just what the hell is the Syndicate about?
“So you took her down by yourself?” The question snapped Byte out of the parade of questions in his head, meeting Kilroys glance with his own. Suddenly Byte had a very strong feeling that he shouldn’t stick around any longer, and moved to go retrieve his wash which had thankfully just ended.
“Uhh, yeah! I got lucky with a swing of the hammer, caught her as she was spinning around…” Byte’s mind raced for an exit as he pulled the damp linens free, every minute he hung around here was endangering everyone back at the base. ”Listen, did you need me for anything, or can I head back? Fira needs these ASAP and I’m already running behind, she can be a real nightmare when she’s pissed.”
Kilroy laughed, his disposition seeming oddly bright. “I know exactly what you mean, I kinda wanna clear out before the boss gets here myself.” Byte gulped. “Shouldn’t you at least dry those things? Maybe get that hand looked at?”
They both glanced over at the destroyed rows of dryers, to Byte’s relief, not a single one seemed to be in working order. “Nah, we got first aid back at the gym. And I think our dryer still works.” Bundling up the linens back into their garbage bag, Byte heads for the door. “Good luck with all this, and uhh, hope we can see you back at-”
“One more question, if you don’t mind.” Byte froze as he reached the door at Kilroy’s suddenly raised voice, the guy was pretty unstable when he paid them a visit, too. “Did you happen to see the Archbishop during the fight? Big guy in blue robes, probably handing out change.”
Oh god, a witness. Byte shook his head. “He left before she came in. Went that way.” He pointed down the street, still inching out of the building. Kilroy seemed relieved, waving at the Mandible as he returned to surveying the scene.
Byte immediately broke into a speed-walk, heading down the street and away from danger, cursing his luck at rock paper scissors the entire way.
People continue to fight for petty reasons, in this match and the recently-concluded one, but when this goes up, there is still yet a day yet to vote in a match of performers and their supporters spreading a message of love. Scenario:
Outside The Devil Blue, Waterfront District, 11:46 AM
The past few weeks had been odd for the staff over at the Elephant Bones and Duke’s Gym. Ever since Shelldrake’s encounter against that ice-flinging man over at the Los Fortuna Airport, they’d found themselves in more and more conflicts against other stand users, and had heard about many more taking place in various parts of the city.
The knowledge of these encounters, and the realization that the rest of the staff could very well end up in more of these very soon made a certain sense of unease hang over the restaurant. The utter chaos that surrounded it every day didn’t change, but it peered through in those rare moments of quiet, as much as some of them liked to ignore and forget it.
It was for that reason that Tiger “Glitch” Ricky made her way over to The Devil Blue, despite the high end resort’s “vibes” being as far away from the Elephant Bones’ as possible. The moment London overheard something about a supposed underground doctor working from the confines of the resort and notified the rest of the team, Glitch bolted outside the restaurant and made her way over to it as quickly as possible. As entertaining as it was, the whole “taking Shelldrake to the vet to heal his broken wing” debacle made the team realize the necessity of alternative treatments for stand related injuries.
Glitch knew that the treatment would likely be incredibly expensive and far out of her or her teammates’ paychecks, but keeping it in mind for any emergencies could certainly help in the future, right? And worst case scenario, if she found nothing, at least she’d be able to help herself to some delicious grub!
Then again, she had no idea where to find this supposed clinic.
Glitch leaned down on her cane, summoning Vida Loca and looking at the area around her. She was in the middle of a large plaza, The Devil Blue’s entrance in front of her. Behind her was the ferry station which she’d just arrived from, and to her sides were many stores and restaurants selling a variety of goods. Glitch kept these spots in mind for the near future, thinking about the delicious food they contained and making sure to figure out how to get her hands on some of it.
Truthfully, Glitch didn’t have much of an idea of what the hell she was planning on doing, but that didn’t matter, because she never did. She hopped around the plaza and the surrounding alleyways, keeping an ear out for the rustling of food packages amidst the sea of noises while exploring them, “helping herself to” (stealing) a few packets of chips for herself along the way. After enough skittering around, she made her way through an alleyway, Vida Loca alongside her, the gargantuan cat squeezing tight to fit, and blocking the path through. They were near an odd building - though it was an “information center” for the nearby nature reserves in the archipelago, it seemed unreasonably large to be solely for such a thing.
“Umm… Excuse me, miss!” An upbeat man’s voice could be heard coming from in front of Vida Loca, the stand separating between him and Glitch. “I’m trying to pass here, and your stand is in the way! It’s important, you know - I’ve gotta meet with Hull! Oh, wait, you probably don’t know who he is, right? He’s… uh... The own- wait no, I should stop before I accidentally reveal something too confidential, haha-” Before the man could finish his rambling, Glitch started climbing onto Vida Loca’s back, peering at the man from above.
From what she could make out, the man was blond and of average height. Vida Loca’s face, meanwhile, was squeezed into the nearby wall and facing the direction opposite him, so tapping into its senses wasn’t much of an option. “Hmmmmrgh...” Glitch let out an odd noise, legs wiggling and moving about as she climbed up more and more, until she found herself sitting on the stand. She then tried to climb on top of it in an attempt at looming over the man, before nearly slipping off, frantically struggling before using some vibrations to stop her in place and sitting down. She looked over at the man’s blurred face, making out a wide grin, which she responded to in kind. “Hehe,” maybe this man had information that would be useful for her.
“See, I’m looking for an underground clinic for stand users or something like that. Should be around here, but I can’t find it! I’ve been looking for so long that I managed to snatch three packets of crisps already!” as if to accentuate the number, she put her arm forwards and raised three fingers “And crisps are great! But I want to find this clinic as well!” Glitch raised her arms into the air in exasperation. “Now, if you tell me where the clinic is, or help me find it in some other way, I’ll get Vida Loca to let you pass! Does that sound good?”
There was a slight pause as the man tilted his head, before breaking out into laughter. “Hahaha! Wow, that’s one hell of a deal! About the clinic, I’m afraid to say that you’re gonna have to wait a bit more! See, it’s actually right here,” he says, pointing at a nearby, unassuming door “and I help run it, but we’re closed for the next hour! Me and Peres have some work to do and meetings to attend, so you’ve gotta wait! Don’t worry though, I’ll make it up to you - I’ll let your crisp stealing slide for now, haha!” Another fit of laughter.
Glitch’s expression shifted into a pout. So she was stuck here for another hour? Bleh! Seeing her expression, the man chuckled again “What’s the problem? I’m sure you’ll find something fun to do here for an hour, you know. Well, it probably won’t all be very legal, and the guards here might try to kick you out, but that’s not something I gotta deal with so I don’t really care, haha!” With that final sentence, the man crouched forwards and deftly ducked under Vida Loca’s body and between its tall legs, passing through.
“See ya!” Turning around, he waved to Glitch with a smile and walked back into the crowds of the plaza. “Plrrrgh…..” Glitch grumbled to herself, thinking about what she could do for the hour. She did overhear some of the resortgoers over in the plaza talking about going to the pool, so that could be fun. Sure, she was almost 100% sure that she wasn’t allowed in there, but what was the harm in sneaking in, eh?
She hopped off of Vida Loca, and with a pep in her step, began making her way over to one of the resort’s pools.
The ferry to the Devil Blue, Waterfront District, roughly 11:30 AM.
Laverne Cassiel wasn’t one to show it well, but they were definitely feeling slightly on edge here, and internally, criticising such an attitude. You can’t be on edge when you’re going to a luxury resort… You’re supposed to be at your best of moods when you go to do something nice, something extravagant… People will know that something is off, something is the matter.
Though troubled, it was not on their face nearly as much as they’d thought, however; it wasn’t so much that people were avoiding them based on a bad mood, so much as one did not talk to strangers on a ferry so much as they spoke to strangers on a bus, but also multiplying that by the disconnect of opulence towards those ‘not worth’ associating with.
“You hear about the prices on Niters? I’ve been absolutely dying to give these a try, demand is higher than ever, and the supply just… Tanks? What’s with that?” A random guy, hipster-looking, foodie, maybe, was complaining to a similarly bougie-looking friend, shaking his head.
The other man nodded, groaning. “I hear you, I hear you so hard… I wasn’t going to eat the stuff, seafood is against my diet, but I was going to prepare such wonderful pictures of a Niter Blowfish Tartare for my food blog… I’d already put down my deposit, contacted a local photographer and everything! I’ll have to get into their kitchens and find some, no matter the price, or my clout is ruined.”
Laverne had seen pictures of the stuff, and frankly, that guy was a moron if he thought it possible to make those things even remotely photogenic, even if he was probably making the right call not wanting to put it in his mouth; if Laverne ever had the opportunity, they would sure as hell wait for the other guy to take a bite. Had they heard it right, though? They were harder to find now or something?
Of course it made sense for the Devil Blue to get them in lighter capacity, if anyone in the area was, but what could be causing the shortage, so soon after they seemed to be becoming more common than ever? There was apparently an incident of sorts here not a few days ago, though people were keeping shush on just what the hell was going on because of that.
Honestly, Laverne didn’t actually care all that much. Their assessment was that it related to whatever in the area would sometimes cause people to ‘disappear’, and whatever that was was probably injured or forced to retreat now (not dead… If it was dead, the supply would stop entirely, which was not the case) and ODIN was trying to keep the news quiet. Least the news made it a lot more comfortable for them to travel by ferry for what they really cared about that day: this Devil Blue resort apparently had a clinic which serviced the Stand-using underground. Doubtless, in times of growing strife like these, a place like that would be an informational hotbed, tactically vital to get in good with.
Though even the decision to investigate that today had been an improvised one, determined on the spot to be a sound tactical decision for one tipping point of a reason: they were being followed, and needed to get the hell away from that.
Roughly an hour ago - Sound’s Garden, near Heartache Casino
For the past several days, the members of Red Carpet Renaissance had all a strange feeling about them. While always it seemed there were eyes upon them in Los Fortuna, for some reason, it had been different in recent days. There was a particular sense to everyone that there was someone, specifically following them, and nobody knew who it could be, or why.
Laverne, though they had yet to report this, had a feeling about where it came from, correlating when it started: it began the day after Kimijo Kaneko went to investigate that damn baseball game. Sure, some people on that chat program were doing their moral grandstanding about what happened there, pretending they’re better than that, that her opponent being a good man makes any of what she did different from every damn fight every damn day in this city, but all of them, it seemed, were at least for the moment wise enough not to put their money where their mouth is and actually follow up on it, and if they had, they’d probably be in some nightmare backroom right now.
This feeling, it was different, as if someone had started to take the entire team more seriously… Which, itself, meant a lot to unpack.
They had actually been trying to follow a sheepish event manager’s association with the owner of the casino that day, see if they couldn’t find something worth blackmailing him over and making him feel ‘indebted’ to them, but that case hadn’t been going smoothly as it could, and as they combed over the area, that is when they saw ‘them.’
A thin figure clad head-to-toe in black, jacket zipped up with a fuzzy-looking trim, biker gear, with orange underneath, and a distinct-looking helmet that looked like something out of a science-fiction film, mouthpiece something like a helmet of armor, visor black, lines and circles along the surface. The morning light reflected off of the visor hard enough to make Laverne squint. This person sat upon a sleek-looking sports bike, revving it at them.
When Laverne looked their way, the figure seemed to drive away, but kept showing up throughout the area, and more and more, Laverne got the distinct feeling this person was exactly the bad news they were waiting for…
They had to lose them.
So naturally, Laverne did just that, utilizing their Stand in a diversionary effort that seemed to successfully draw the figure away, and figuring that an offshore hotel was just the place to lose a biker for a little while. Besides that, within a few minutes of their reflection, the ferry wasn’t a minute away from reaching port at the Devil Blue. They could focus on this now, and not that bastard.
“H-hey, check this out! Someone’s driving on the water!”
The hipsters were speaking to one another, one handing the other a set of binoculars to look out on the waters due North of them, towards the mainland. The other, then, remarked in alarm. “Oh, my god! Is that the Black Angel, here? Oh, ooh, what a sight, what a sight!!”
“It definitely is, look at that!”
“Lemme see,” Laverne said, speaking up now before going ahead and seizing, with little resistance, the binoculars still around the first guy’s neck, going wide-eyed at what appeared on the other end.
The damn motorcycle was uneasily yet consistently making its way along the water, tires spinning as it raced forward against the momentum of the waves. The rider was the same, and what Laverne had read as a trim of fuzz around the upper torso of their jacket, now, flying just behind them as they advanced like a pair of short wings.
Shit, seriously?
Fucking hell, of course it’s a Stand or a Stand User or something.
Would Laverne have to fight on the way to this place..?
Wait, no, never mind. As they looked around, they saw the ferryman overhear just that, muttering into a radio too far, too quietly, to hear them, but close enough to see that the words ‘angel’ were being mouthed on their lips.
Ah, the island was close at hand, certainly closer to arrive at than this ‘Black Angel’ was fast, and some strong-looking people were coalescing around the ferry docks.
Keeping it cool, as the boat found its way to a stop, Laverne walked away, the sounds in the fading distance of a woman saying, “did you forget already? You’re not welcome on this island. Set so much as a wheel on the pavement before this resort you approach, and you know what comes next.”
Though the future was uncertain on whether or not they would cross paths again, for the rest of their time on the island, that was the last Laverne Cassiel saw of the Black Angel. Preliminary research made security seem lax here (they don’t deal with VALKYRIE at all, which is… Rare, for a high-profile private business like this), but it seemed they were just holding out for the important things… They couldn’t help but crack a private grin at how this poor bastard had followed them all this way, only to get turned away near instantly. Haha! Victory: Laverne. Serves you right for wasting my morning! Now, onto making use of this new place..!
They soon, like Glitch, learned that this ‘Peres’ was out, that they couldn’t get into the clinic without either breaking and entering (not that they were morally above it, but it wasn’t necessary) or waiting for that point…
Well, they’d come to a resort island, and knew for the time being that they were completely safe, so why not try to live a little to kill time?
A pool within The Devil Blue, Waterfront district 12:02 PM
Upon sneaking her way over a fence and into the resort’s pool, Glitch found herself with a severe case of choice paralysis. She stood out like a sore thumb, sprawled out on a lounger, ear perched out, picking up on and discerning between the wide variety of going-ons at the pool with a mischievous grin on her face the whole time. She could start off by taking a plunge, or perhaps use Vida Loca to get someone else to take one, or maybe go on a trip to the bar for a snack, or do one of the million other ideas that popped into her head!
“Heheh- oh!” before she could get too comfortable, she heard something very interesting - the sound of someone jumping over the fence, just like she had previously done. “Hmmm….” summoning Vida Loca for a better look, she saw Laverne, catching the investigator right in the middle of a decidedly illegal act. Not that Glitch cared, or even knew much about this odd person, but her interest had certainly been piqued.
Just as Glitch had taken notice of Laverne, so did they take notice of her, or more precisely, of Vida Loca’s massive form, staring right at them. With a quick shuffle they attempted to get out of the stand’s sight, preferring to avoid any unnecessary encounters with other stand users in what was supposed to be their way of killing time. However, Glitch wasn’t going to let them get away, and Laverne quickly found her right on their trail, wanting something to do with them. Instead of running away and possibly drawing more attention to themselves, Laverne opted to wait for Glitch to arrive.
And arrive she did, hopping towards Laverne and stopping in front of them, leaning in to get a close look at them and letting out an curious “Hmmrgh...” , which Laverne responded to by leaning back and putting a distance between them and this nuisance. “Do you want something, miss...?” they asked, faking confusion. With any luck, this person will leave them alone and they’ll be able to go on with their day.
“Glitch! I couldn’t help but overhear you jumping over the fence to get in, so I decided to go over and greet you! I did the same thing, you see, hehe...” She said, giggling to herself. Laverne looked back at them, a straight face hiding their annoyance at Glitch’s harassment.
“And I’m Laverne. I do believe that it’s best to keep a low profile in these situations, so it’s best for us to stay away from each other. If we make a scene and are caught, we’ll be kicked out of here, and I’m sure you’d rather-” “Boooooooooooooring!” Glitch interrupted Laverne with a loud shout, attracting the attention of some of the resortgoers, who’d begun murmuring between themselves. Laverne knew they needed to get away from this person if they wanted to stay in the resort.
“Hmm. Feel free to do whatever you want, Glitch, but I’m just here to relax, so I’ll be keeping a low profile. Here, take this and go find something fun to do.” Laverne said, taking a ten dollar bill out of their wallet and tossing it in the air, leaving Glitch to chase after it while they slunk away.
Glitch, on her end, was quite pleased by the bribe, and immediately found herself spending it all on snacks which she quickly gobbled up. With the bribe money and snacks gone, she once again found herself thinking of what to do, keeping an ear out for interesting occurrences. A little boy slipping into the pool, an arguing couple, Laverne talking with a staff member about something…
She decided to focus on the latter, and managed to pick up on their conversation. Laverne was mentioning some sort of nuisance that had snuck into the pool, a short woman who was currently in the- wait. They were talking about HER, weren’t they?! They were trying to get her kicked out!
Gasping out loud at the sheer audacity, Glitch was utterly shocked! This person, whom she had seen as a kind benefactor who had given her spending money, a comrade who had snuck into the resort just like she had, was trying to get her kicked out! “Hrrrggh…” She growled in annoyance. Laverne had just made this personal! They were trying to get her kicked out? Nonsense! She’d get them kicked out instead!
Laverne, meanwhile, hadn’t been successful in getting the staff to escort Glitch out of the premises. Something about them not having “sufficient evidence”, apparently. They turned over to look at her, only to realize that she had caught onto their attempts, as evidenced by her angry expression and the fact that her stand was out, staring at them as well. She pointed over to Laverne menacingly, her body language practically screaming ‘I’ll get you kicked out instead, just you wait!’.
“Tch,” This wasn’t perfect, but no matter. Laverne looked around the pool area, taking everything in. The positions of the employees, the items in the area, and the resortgoers… All predictable. The one anomaly was her, Glitch. She seemed so odd, with her utterly simple desires and her desire to one-up them. Laverne was an expert of deduction, but their expertise was completely unnecessary when it came to trying to tell what this woman was thinking.
She wanted to challenge Laverne? So be it. They were sure they weren’t going to lose.
OPEN THE GAME! (credit to magistelles for the image!)
Location: A fenced-off area with two pools, one regular (20x48) pool and one diving pool (20x20, very deep), one of many such areas within The Devil Blue. The whole area is 80 meters long and 44 meters wide, each tile being 4x4 meters. The light grey areas on the map are the walkways, and the light green ones are grassy areas on the side of the pool. The dark grey paths going over the pool are bridges, tall enough that they can be passed under. The purple rectangles indicate the positions of the diving boards, one being 1 meter tall, one being 5 meters tall, the final being 10 meters tall. The brown tiles represent the bar area.
All across the pool’s perimeter on the walkways, there are many lounging chairs for relaxation and umbrellas for shade, with resortgoers occupying many of them. A few are situated on the grass as well. Some of the resortgoers have left their bags on the loungers, containing a variety of different items that one might take to the pool, alongside cash and their room keycards. There’s also the bar area, serving basic food and drinks to whomever may need it, provided they have the cash for it.
Goal: Get the employees in The Devil Blue to kick your opponent out! If you act overly suspicious, the resort employees will ask you for your room keycard and attempt to investigate you.
While the employees won’t bother you unless you bother them first, they’ve got a few rules they expect you to keep:
- You must have a keycard to be within the pool
- Don’t bother or attack the other resortgoers and ruin their stay
- Don’t carry any dangerous objects within the pool area
- Don’t destroy any resort property
If the employees spot you breaking any of the rules, or are given evidence of you doing so, they will begin questioning you and ask for your room keycard. If one is shown to them, they will let you off with a warning, and if one isn’t, they will kick you out. After you’re let off with a warning, you will be kicked out if you’re reported and approached an additional time.
Additional Information: Resortgoers can be found all around the area, with 222 physicals and a 3 in “dear god just let me calm down in peace”. Unless you’re really annoying them, they’ll try to ignore you and go on with their lives, and if you do annoy them enough, they’ll complain about you to the employees.
The employees are situated mostly around the bar area and around the gates, but are also dotted around the perimeter of the pool, overlooking the goings-on of it, though they’re situated sparsely enough that there’s substantial “deadzones” that their sight doesn’t ordinarily cover. They have 222 stats, and a 4 in collective memory - they communicate with each other efficiently, remember your faces and which keycard you supposedly have, and will call you out if they spot you breaking any of the rules multiple times.
Any stand users that are currently within the area, if there even are any, don’t seem to really care about you letting your stands out and won’t pay it any mind. However, if any resortgoer is injured in a severe capacity due to your stands for a reason that can’t be explained away as anything else, the pool will be closed and you will lose the match.
| Team | Combatant | JoJolity |
| Graveyard Shift | Tiger “Glitch” Ricky | “My tail is second only to my face! I want to rub it on my teeth and then lick it back all pretty!” Though Laverne has interrupted your plans somewhat, the reason you came to the pool in the first place was to have fun, and you’re not gonna let that change! Make sure to have as much fun as possible while trying to get Laverne kicked out! |
| Red Carpet Rennaisance | Laverne Cassiel | “Look! My right hand! It turned back into wood again! It’s not gonna turn back into a hand anymore! This is bad, Toshizaku!” As opposed to Glitch, you’re not the type to be so blatant about your actions and attempts at kicking Glitch out. Remain subtle throughout your strategy, make sure that your clay statues aren’t exposed for what they truly are in front of the bystanders! |
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submitted by Dungeon_Dice to StardustCrusaders [link] [comments]
Interesting WSJ article that many here can relate to...
With Biotech Stocks, Investors Love the Thrill of the ChaseDOW JONES & COMPANY, INC. - 08/05/2020
By Gregory Zuckerman and Michael Wursthorn
Eric Distenfeld is rolling the dice on CytoDyn Inc. (CYDY)
Last month, the real-estate executive bought 1,000 shares of the unheralded biotech company, which hopes to discover a Covid-19 drug.
Now, he spends the day tracking shares, checking news and debating friends whether CytoDyn (CYDY) can overcome the odds. Mr. Distenfeld leaves most of his stocks alone. When it comes to CytoDyn (CYDY), he is obsessive.
"It's like being in Vegas without the hangover," says Mr. Distenfeld, 40 years old, a former portfolio manager who lives in Teaneck, N.J.
Few stocks have captured investors' affections lately like biotech companies chasing coronavirus advances. Stocks such as Moderna Inc. and Novavax Inc. have soared, but so too have tiny ones a long way from an approved U.S. vaccine or treatment, including CytoDyn (CYDY), Equillium Inc. and Humanigen Inc., all of which are up between 207% and 944% this year, thanks in large part to the fervor of individual investors.
Their passion stems from the promise of medical advances that can send shares surging. Small biotechs constantly need financing, so executives tend to be more comfortable promoting themselves, efforts that also can hook investors.
"People tend to fall in love with biotech companies," says health-care investor Brad Loncar at Loncar Investments. "There's an emotional aspect given that it is medical-related and then, because the stocks are so volatile, like a casino, it adds fuel to the fire on both sides."
For every investor playing biotech stocks for fun and profit, another, like Tom Yarborough, has an unshakable conviction these companies are nearing historic breakthroughs.
"They have so many potential cures," says Mr. Yarborough, a 74-year-old retired stockbroker in Cape Canaveral, Fla., referring to the range of diseases CytoDyn's (CYDY) key drug, leronlimab, might address. "There are 59 different possibilities that it could cure, including Covid."
The love for risky biotech shares isn't unrequited. Mr. Yarborough has made over $100,000 from his CytoDyn (CYDY) shares. He had 110,000 shares at one point, but sold some over the years. He still holds 27,000 -- worth about $136,890 -- spread across investment accounts held by him and his family. The Vancouver, Wash.-based company, which closed at $5.07 on Tuesday, has climbed more than 1,000% since Mr. Yarborough bought shares four years ago.
"It's my only position," says Mr. Yarborough. "I'll always own shares; my commitment, my loyalty is there."
CytoDyn's (CYDY) valuation ballooned to more than $4.5 billion in May from just over $100 million last year, after the Food and Drug Administration greenlighted the use of leronlimab for Covid-19 patients in emergency situations and clinical trials.
Montefiore Health System in the Bronx, N.Y., is evaluating the drug for Covid-19 in two separate trials; results are expected soon, says Dr. Harish Seethamraju, Montefiore's medical director of lung transplantation.
Leronlimab's mechanism of action, or how it is supposed to work, makes sense to CytoDyn (CYDY) fans. Leronlimab aims to block a receptor that causes cytokine storms, severe immune-system reactions that inflame and fatally damage lungs and other organs of some Covid-19 patients.
Some investors, like Judah Kraut, 41, are doing more than rooting for CytoDyn (CYDY). He is searching out doctors with experience with leronlimab and sharing the results with friends, though he recognizes what he is finding are just anecdotal reactions.
"I know of 19 people who have invested because of me, so I'm a little nervous about that," says Mr. Kraut, who lives in New York City and is finishing a Ph.D. in ancient Near Eastern literature at the University of Pennsylvania. " But the theory it's a scam would require doctors with impeccable credentials to be in on it; that would be mind- boggling."
There are warning signs, though. Most experts don't give CytoDyn (CYDY) much chance of success. The company hasn't made any money other than what it pulls in from stock sales. It has been seeking FDA approval for leronlimab to combat HIV and about two dozen types of cancers over the better half of a decade.
Its chief executive, Nader Pourhassan, promotes his company in news releases, articles and videos paid for by the company. In late April, he appeared in a sponsored video claiming that almost 95% or 100% of patients who had Covid-19 and were treated with leronlimab survived testing. Within the same video, he clarified that his figures included 28 patients across the country -- not the 11 others who also received the drug in New York, some of whom died.
"That's a spectacular result, and we wanted to make sure everybody knows that," Mr. Pourhassan said in the YouTube video posted by Proactiveinvestors.com, a platform that charges companies $25,000 a year to run promotional content. CytoDyn's (CYDY) shares rose nearly 8% that day.
A CytoDyn (CYDY) presentation shared with The Wall Street Journal showed seven of the patients in New York had died as of mid-May. In a broader study across the country of 34 patients, five patients had died and 15 were said to have improved.
"I'm giving information as honestly as possible. When it changes, I give that," Mr. Pourhassan said of his interactions with investors.
On April 27, CytoDyn (CYDY) said it had submitted a drug marketing application to the FDA, sending shares up another 17%. But the company said in subsequent news releases that the submission included mock data sets and wouldn't be considered complete until it provided clinical data on May 11. The FDA ultimately refused to grant the license in July, sparking criticism from some investors toward the company during a conference call several days later.
Mr. Pourhassan said the FDA requested CytoDyn (CYDY) make those additional statements after determining the application was incomplete.
Last week, a YouTube video titled "A Drug You Can Invest In and Simultaneously Save the World" featured testimonials, including one by actor Charlie Sheen, who said that he has enrolled in a trial for leronlimab, which also is being studied to treat HIV infection, and that he "felt great."
A representative for Mr. Sheen said he wasn't compensated for his appearance.
In April, Mr. Pourhassan sold 4.8 million shares of his company for $15.7 million, according to securities filings. Mr. Pourhassan, who has a doctorate in mechanical engineering, once faced federal charges over allegedly selling fake Native American goods. The charges were dropped. He said the charges had no merit.
As for the stock sale, he said, "I've been waiting all these years, I might as well have some security for myself."
Richard Trauger, who worked at CytoDyn (CYDY) between 2011 and mid-2013 and served as its chief science officer, says he witnessed Mr. Pourhassan exaggerate claims during interactions with investors.
Once, when Mr. Pourhassan was chief operating officer, he told an investor group CytoDyn (CYDY) would have a license from the FDA in two years. Mr. Trauger said he objected to the timeline, drawing the ire of Mr. Pourhassen.
"He went off on me," Mr. Trauger said, adding that Mr. Pourhassan had asked him "if it's possible. 'Of course, anything is possible,' I'd say, but it's not likely. That's all he needed to hear."
"I hope it works," said Mr. Trauger of CytodDyn's drug. "But I haven't seen any data, and that's the problem."
New Jersey investor Mr. Distenfeld is uncomfortable with Mr. Pourhassan's sale of personal stock and his relentless promotion.
But the possibility that CytoDyn (CYDY) might achieve a breakthrough is worth the risk, he says.
"I can make five times my investment and my downside is 80%," Mr. Distenfeld says. "I go to Vegas and play poker against pros which is a losing proposition -- this is more fun and has better odds."
Write to Gregory Zuckerman at
[email protected] and Michael Wursthorn at
[email protected] (END) Dow Jones Newswires 08-05-20 0530ET Copyright (c) 2020 Dow Jones & Company, Inc.
Mega eTextbooks release thread (part-27)! Find your textbooks here between $5-$25 :)
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- Managerial Economics and Strategy, Global 2nd Edition: Jeffrey M. Perloff & James A. Brander
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- Human Anatomy & Physiology Laboratory Manual: Elaine N. Marieb & Lori A. Smith
- Principles of Molecular Virology, 6th Edition: Alan J. Cann
- The Wiley Handbook of Global Educational Reform, 1st Edition: Kenneth J. Saltman & Alexander J. Means
- Prescott's Microbiology, 10th Edition: Joanne Willey & Linda Sherwood & Christopher J. Woolverton
- Systems Analysis and Design, 6th Edition: Alan Dennis & Barbara Haley Wixom & Roberta M. Roth
- Love and Intimacy in Online Cross-Cultural Relationships: The Power of Imagination, 1st Edition: Wilasinee Pananakhonsab
- The Human Organism: Explorations in Biological Anthropology, 1st Edition: Elizabeth Weiss
- Nursing Theories and Nursing Practice, 4th Edition: Marlaine Smith & Marilyn Parker
- Statistics for Nursing: A Practical Approach, 3rd Edition: Elizabeth Heavey
- Life Cycle Assessment of Energy Systems: Closing the Ethical Loophole of Social Sustainability, English Edition: Nicholas Sakellariou
- A Practical Guide to Welding Solutions: Overcoming Technical and Material-Specific Issues: Robert W. Messler
- Programming the World Wide Web, 8th Edition: Robert W. Sebesta
- Maternal and Child Health Nursing: Care of the Childbearing and Childrearing Family, 8th Edition: JoAnne Silbert-Flagg & Adele Pillitteri
- Cengage Advantage Books: Culture Counts: A Concise Introduction to Cultural Anthropology, 4th Edition: Serena Nanda & Richard L. Warms
- International Management Behavior: Global and Sustainable Leadership, 7th Edition: Henry W. Lane & Martha L. Maznevski
- Cultural Competence in Health Education and Health Promotion, 2nd Edition: Miguel A. P¿rez & Raffy R. Luquis
- Sub-seasonal to Seasonal Prediction: The Gap Between Weather and Climate Forecasting, 1st Edition: Andrew Robertson & Frederic Vitart
- Retail Analytics: Integrated Forecasting and Inventory Management for Perishable Products in Retailing, 2015th Edition: Anna-Lena Sachs
- Molecular and Cell Biology of Cancer: When Cells Break the Rules and Hijack Their Own Planet, 1st Edition: Rita Fior & Rita Zilhão
- Qualitative Marketing Research: Understanding Consumer Behaviour, 1st Edition: Dominika Maison
- Communicating in Small Groups: Principles and Practices, 11th Edition: Steven A. Beebe & John T. Masterson
- America's Courts and the Criminal Justice System, 13th Edition: David W. Neubauer & Henry F. Fradella
- Services Marketing: Concepts, Strategies & Cases, 4th Edition: K. Douglas Hoffman & John E.G. Bateson
- Kinematics, Dynamics, and Design of Machinery, 3rd Edition: Kenneth J. Waldron & Gary L. Kinzel & Sunil K. Agrawal
- Essentials of Cultural Anthropology: A Toolkit for a Global Age, 2nd Edition: Kenneth J. Guest
- An Anthropology of Learning: On Nested Frictions in Cultural Ecologies, 2015th Edition: Cathrine Hasse
- Health Promotion Programs: From Theory to Practice, 1st Edition: Society for Public Health Education (SOPHE) & Carl I. Fertman & Diane D. Allensworth
- The American Lab: An Insider’s History of the Lawrence Livermore National Laboratory: C. Bruce Tarter
- Food Security and Climate Change, 1st Edition: Shyam Singh Yadav & Robert J. Redden & Jerry L. Hatfield & Andreas W. Ebert & Danny Hunter
- Health Assessment for Nursing Practice, 6th Edition: Susan F. Wilson & Jean Foret Giddens
- Tobacco Smoking Addiction: Epidemiology, Genetics, Mechanisms, and Treatment: Ming D. Li
- Cultural Anthropology: Asking Questions About Humanity, 2nd Edition: Robert L. Welsch & Luis A. Vivanco
- Accounting for Governmental & Nonprofit Entities, 17th Edition: Jacqueline Reck & Suzanne Lowensohn & Earl Wilson
- Addiction and Change: How Addictions Develop and Addicted People Recover, 2nd Edition: Carlo C. DiClemente
- Culture and the Politics of Welfare: Exploring Societal Values and Social Choices: J. Hudson & N. Jo & A. Keung
- Essential University Physics: Volume 2, 3rd Edition: Richard Wolfson
- Publication Manual of the American Psychological Association, 6th Edition: American Psychological Association
- Concepts of Programming Languages, 11th Global Edition: Robert Sebesta
- Through the Lens of Anthropology: An Introduction to Human Evolution and Culture, 1st Edition: Robert J. Muckle & Laura Tubelle de González
- Practical Research: Planning and Design, 11th Edition: Paul D. Leedy & Jeanne Ellis Ormrod
- Environment: The Science Behind the Stories, 6th Edition: Jay H. Withgott & Matthew Laposata
- Environment: The Science Behind the Stories, 3rd Canadian Edition: Jay H. Withgott & Matthew Laposata & Barbara Murck
- Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach, 10th Edition: Soo T. Tan
- Essential Environment: The Science Behind the Stories, 5th Edition: Jay H. Withgott & Matthew Laposata
- Leadership and School Quality: Michael DiPaola & Wayne K. Hoy
- Group Dynamics, 7th Edition: Donelson R. Forsyth
- Practitioners' Guide to Human Rights Law in Armed Conflict, 1st Edition: Daragh Murray & Elizabeth Wilmshurst & Francoise Hampson & Charles Garraway & Noam Lubell & Dapo Akande
- Educational Administration: Theory, Research, and Practice, 9th Edition: Wayne Hoy & Cecil Miskel
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casino expert witness video
Expert witness for the State of Florida in a matter regarding the dispute of skill versus chance in an electronic gaming device; Testified as an expert at the National Indian Gaming Commission in gaming device classification disputes involving various types of electronic games Forensic Security Consultant & Expert Witness Serving CA, NV & AZ (805) 659-4294 Robert A. Gardner, CPP is a Board Certified & CA/NV/AZ Licensed Security Consultant, Private Investigator & Private Patrol Operator with more than 40 years of hands-on security and law enforcement experience. II have over 25 years experience in casino systems, gaming technology & services. My expertise includes casino openings, implementation of casino gaming and hospitality systems technology, regulatory compliance within the gaming industry, game and systems development, manufacturing, sales and support. I have also spent over 10 years as a casino gaming expert witness and have provided numerous ... Expert Witness for Casino Gaming Patents, Slot Machines, Gaming Regulations, & Gambling Tax "Of benefit to online casinos, mobile casinos, social casinos, land-based casinos, slot machine companies, game development studios, gaming regulators, gambling tax attorneys/accountants, and casino gaming inventors & their counsel." I am an experienced geotechnical engineering expert witness. For more than 40 years, I have worked with foundation engineering, construction materials (such as concrete, asphalt and soils), highway and pavement materials, slip and fall investigations, casino construction, expansive/collapsible soils, and pool construction. Experienced expert witness: casino gaming, slot machines, gaming patents, gambling tax, casino operations, gambling patents - Mark C. Nicely Security professionals may find themselves in court for a variety of cases, typically either intentional torts—false arrest, false imprisonment, or assault—or negligence, says Alan Zajic, CPP, a casino security expert and expert witness in security trials. You will find expert witnesses who can consult and testify on all areas of casinos and the gambling industry by clicking on the categories below. Experts found here can consult on issues involving casinos, gaming, gambling. These casino and gambling industry experts can provide reports regarding casino games, casino resort hotels, and gambling houses.
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