Global AutoTrading

Trip down memory lane: Hedge funds lose $30 billion on VW infinity squeeze in 2008

Triple Witching Friday next week, nacked shorts etc. - while we wait – room for a trip down memory lane Volkswagen 2008 the short squeeze of all times
https://moxreports.com/vw-infinity-squeeze/
…"At the peak of the Great Financial Crisis in October 2008, Volkswagen had been (rightfully) viewed as a high probability bankruptcy candidate. Even before the crisis, heavily indebted VW had already been struggling financially, and in the midst of a crisis, demand for new cars would surely plummet. Despite its troubled financials and business prospects, VW had reported several quarters of slightly better than expected earnings, leaving its share price surprisingly elevated at over €300. Combined, these factors made VW a seemingly very attractive short candidate as the financial crisis unfolded in 2008…
…Catalyst for the Volkswagen squeeze. On October 26th, 2008, rival automaker Porsche made a surprise announcement that it had increased its stake in VW to over 74%. It was a stealth move, made possible through the use of multiple purchases of cash-settled derivatives which had been accumulated separately through different European investment banks….
…Just to ensure that short sellers fully understood the urgency of their calamity, Porsche made sure to include in its announcement a few words to address the short position.
Porsche stated that they had:
“decided to make this announcement after it became clear that there are by far more short positions in the market than expected.”
Porsche added that:
“the disclosure should give so called short sellers – meaning financial institutions which have betted or are still betting on a falling share price in Volkswagen – the opportunity to settle their relevant positions without rush and without facing major risks.”
Despite the disarming choice of wording, the statement from Porsche had precisely the effect that anyone would have expected. The announcement triggered a mass panic for the exits by anyone who was short shares of VW.
Porsche had also made this announcement on a Sunday, when the market was closed. As a result, the message would be widely disseminated at a time when short sellers would have zero ability to cover their positions until the market reopened..."

good long article in its whole but here from more neutral source (reuters):
..."In fact, as the financial crisis unfolded in 2008, the entire auto sector was considered to be a highly attractive short trade. As a reminder, up until 2008, General Motors had been the largest automaker in the world for more than 70 years and had over 200,000 employees. But by December 2008, GM was being bailed out by the US government and by 2009 GM had entered bankruptcy. Automaker Chrysler would file for bankruptcy at roughly the same time in 2009. Against this backdrop, in late 2008 a short bet on troubled Volkswagen seemed like an absolute no brainer….
… Porsche’s statement on Sunday revealed that it had raised its direct stake to 42.6 percent, held a further 31.5 percent in cash-settled stock options and that it intended to increase its holding in the world’s third largest carmaker to 75 percent next year.
It said it was announcing its plans because the number of short positions in VW were considerably higher than it expected and it consequently wanted to give investors the chance to unwind their bets “without haste and without greater risk.”…
https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028

I wonder if short selling isn’t a crowed space in MVIS too – a look through active players https://fintel.io/so/us/MVIS
There are a few known short sellers on that list - that I recognize from European equities.
In Europe you have to report if you're over 0.5% short of a company and naked shorts not allowed. If they are engaged in options or long positions - they are probably short MVIS too:
Citadel Advisors Llc, Susquehanna International Group, Llp, Squarepoint Ops LLC,Advisor Group Holdings, Inc., Bridgeway Capital Management Inc, Stifel Financial Corp, Wolverine Trading, Llc. Apart from that Morgan and Blackrock are very active in securities lending.
Is short selling in MVIS a crowded space? – like Peter Thiel would say “Competition is for losers”… admittedly slightly out of context ;)
Who will blink first - GLTAL
submitted by abs_89 to MVIS [link] [comments]

SOAC - The next best thing besides a SPAC ESG ETF

SOAC - The next best thing besides a SPAC ESG ETF
Environmental, Social and Governance (ESG) has risen greatly in popularity in recent time. With many factors (including Covid) raising awareness around ESG it would appear there has never been a better time to invest in this market trend/values (besides maybe six months ago).
Government subsidies, decarbonization, climate change, industrial/infrastructure upgrades, technological advancements, ESG popularity, greenwashing and police brutality are but a few of the catalysts favouring ESG focused companies (ETFs, funds and SPACs like SPAQ/SOAC). The recent growth in EV market, solar stocks, renewable energy, Tesla, the Juneteenth stock’s and the green energy market (including SPACs - NKLA SHLL SPAQ) are but a few of the benefiters of this “movement” to date.
It’s not just day trading millennials (beckys/RH) who love this stuff but hedge funds are also benefiting from this trend (that is here to stay). It might be a personal belief of mine coupled with my passion for environmentalism but market trends do not lie (although can pop) – and if I can profit from this, why not?
SPAQ SHLL SOAC FMCI BMRG HCCH NKLA BLNK DGLY SOLO EVSI NIO UONE BYFC FMCI BYND RUN WKHS TSLA SHRM.. - a few quick/recent examples of companies with strong ESG verticals absolutely crushing the market. I watched the rise of DKNG (Atlanta fan haha) and NKLA (no product lol) but took a pass because I didn’t fully understand SPACs at the time - don’t be that guy..
Furthermore, ESG funds tend to outperform traditional investments (during downturns - like covid – and some SPACs were a safe haven (because of something called Escrow).
It seems like we need a SPAC ETF ESG focused on some of the above mentioned.. more like needed it six months ago (imagine the returns $$$)??
Very Basic (and inconclusive without further) Market Research:
https://preview.redd.it/67m3itponva51.png?width=548&format=png&auto=webp&s=b54b45c60f193d10497d083b8fe48f10a99fa1be
https://preview.redd.it/02f5mfjpnva51.png?width=602&format=png&auto=webp&s=45d491986dfef9b679cf2b394fddc53e83446437
https://preview.redd.it/g8f9ronqnva51.png?width=281&format=png&auto=webp&s=eb8e19903d0c8ed4553fc077babc251289975aea
![img](1cqt9q0rnva51 " ")
https://preview.redd.it/xvu3qj0snva51.png?width=556&format=png&auto=webp&s=66bf7b398ae3673f4a48f3afa84dfaeafb34981d
https://preview.redd.it/5hs57mstnva51.png?width=602&format=png&auto=webp&s=c2f83830413fd05281870b02741f668f719010f5
https://preview.redd.it/qq9tuekunva51.png?width=602&format=png&auto=webp&s=2824c94c9fcc096d2c379842d4d7bddea1584191
https://preview.redd.it/vaea1p6vnva51.png?width=508&format=png&auto=webp&s=74934a581fe32c1059a45d031d8b45341a3cd5c1
** all info sourced in links**
“A poll … by JP Morgan of 50 global institutions with $12.9 trillion under management found that 71% of respondents felt the economic shock of Covid-19 would increase awareness and actions globally to tackle climate change and “high impact, high probability” events like it. “Over the long run, COVID-19 could prove to be a major turning point for ESG investing,” said Jean-Xavier Hecker and Hugo Dubourg, co-heads of ESG and Sustainability at JP Morgan. “
https://www.barrons.com/articles/spartan-fisker-spac-electric-vehicle-stocks-51594646511?mod=hp_INTERESTS_technology&refsec=hp_INTERESTS_technology
The ESG SPAC Space:
There are a few (openly) ESG focused SPACs right now - SOAC is arguably the best. When you invest in a SPAC remember – you are investing in the team ie management, UW, legal and institutional backing (follow the money) C.R.E.A.M.
Sustainable Opportunities Acquisition Corp.SOAC
Structure:
345m - 100% still in Trust18mo term – I like the short term (maybe we see a CCXX or BMRG early announcement)IPO May 6 2020 – Love the confidence of IPOing in the face of Covid½ Warrant/UnitCitigroup running the books soloKirkland and Ellis & Davis Polk and Wardwell are lawyers involvedCrescent term threshold of $9.2
Business Proposal:
“We believe that there are significant, attractive investment opportunities that exist within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. While investing in ESG covers a broad range of themes, we are focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from our management team’s commitment and expertise in executing such practices. We believe our management team’s experience allows us to evaluate targets in industries such as manufacturing (including auto, building materials), chemicals, services (including waste, environmental, construction), logistics (including transportation, distribution), technology (hardware, software, devices), agriculture (including biofuels) and energy (with focus on renewable generation, utility services, energy efficiency/management), among others. Furthermore, our target universe could include companies undergoing a transition to increase their environmental sustainability profiles, reflecting an opportunity to bring environmentally sustainable practices to companies that may not have historically been focused on environmental sustainability. We believe there is a wide array of companies undergoing this “brown-to-green” transition in our target universe. Companies in our target universe tend to have stable growth rates and would greatly benefit from access to public market capital.”
Management:
“The SOAC management team has extensive experience in operating and managing sustainability initiatives within a wide range of companies and industries throughout the U.S.”
Scott Honour (the one and only**) serves as the Chairman of our board of directors**. Mr. Honour has over 30 years of private equity investment experience and has been involved in over 100 transactions totalling over $20 billion in transaction value. Mr. Honour is Managing Partner of Northern Pacific Group (“NPG”), a private equity firm, which he co-founded in 2012. Prior to that, Mr. Honour was at The Gores Group, a Los Angeles based private equity firm, for 10 years, serving as Senior Managing Director and one of the firm’s top executives. During his time at The Gores Group, the firm raised four funds, totaling $4 billion in aggregate, and made over 35 investments. Mr. Honour also served on the investment committee for The Gores Group. Prior to joining The Gores Group, Mr. Honour was a Managing Director at UBS Investment Bank from 2000 to 2002 and was an investment banker at Donaldson, Lufkin & Jenrette from 1991 to 2000. Mr. Honour began his career at Trammell Crow Company in 1988. Mr. Honour has served on the board of directors of numerous public and private companies including Solar Spectrum Holdings LLC, Anthem Sports & Entertainment Inc., 1st Choice Delivery, LLC, United Language Group, Inc., Renters Warehouse LLC, Real Dolmen (REM:BB) and Westwood One, Inc. (formerly Nasdaq: WWON), and is a co-founder of Titan CNG LLC and YapStone Inc. Mr. Honour earned a B.S. and B.A., cum laude, in Business Administration and Economics from Pepperdine University and an M.B.A. in Finance and Marketing from the Wharton School of the University of Pennsylvania.
David Quiram serves as our Chief Financial Officer. Dr. Quiram has over 20 years of leadership experience in technology, strategy and finance organizations with a deep understanding of the chemicals, emerging technology, bioscience and energy sectors. Previously, Dr. Quiram served as Head of Financial Planning and Analysis and Tax at GenOn Energy (“GenOn”) from 2017 until 2019 where he was responsible for standing up the financial and administrative functions of GenOn as a stand-alone entity from NRG Energy Inc. (NYSE: NRG). Prior to that, Dr. Quiram served as Head of Investments for Enterprise Services of Hewlett Packard Enterprise (NYSE: HPE) from 2014 until 2017 where he directed investments into products and services. From 2010 to 2014, Dr. Quiram was with Accenture (NYSE: ACN) as a Senior Manager in their Strategy practice focused on transforming utilities, independent power producers, and energy retailers. From 2006 to 2009, Dr. Quiram worked at multiple roles at TXU Energy starting in finance and later served as Vice President of Retail Pricing and Procurement where he led the pricing and hedging for TXU Energy’s retail portfolio. Dr. Quiram began his career at McKinsey & Co where he worked as an Engagement Manager from 2001 until 2005, and as a Research Scientist at DuPont (NYSE: DD) from 1998 to 2001. Dr. Quiram earned a B.S. in Chemical Engineering with Highest Distinction from the University of Virginia, and an M.S. and Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology.
Rick Gaenzle has agreed to serve on our board of directors. Mr. Gaenzle has over 30 years of private equity investment and corporate finance experience; he is the founder and currently serves as a Managing Director of Gilbert Global Equity Capital, L.L.C., the principal investment advisor to Gilbert Global Equity Partners, L.P. and related entities, a $1.2 billion leveraged buyout and private equity fund. Mr. Gaenzle has spent the last twenty-eight years at Gilbert Global and its predecessor entity, completing over 110 direct equity investments, co-investments and add-on acquisitions for portfolio companies. Previously, Mr. Gaenzle was a Principal of Soros Capital L.P., the principal venture capital and leveraged equity entity of the Quantum Group of Funds and a principal advisor to Quantum Industrial Holdings Ltd. Prior to joining Soros Capital, Mr. Gaenzle held various positions at PaineWebber Inc. Mr. Gaenzle currently serves as a Senior Advisor to Impact Delta, an impact-investing and impact-measurement advisory firm; an Operating Partner of NPG; and Chairman of Lake Street Homes, a single-family rental investment vehicle. Mr. Gaenzle holds a B.A. from Hartwick College and an M.B.A. from Fordham University.
Isaac Barchas has agreed to serve on our board of directors. Mr. Barchas is the President and Chief Executive Officer of Research Bridge Partners (“RBP”), a socially-driven investment company, which he founded in 2016. RBP uses both concessionary and nonconcessionary investment to create startup companies based on university research and advance those companies into the venture capital markets. Prior to founding RBP, Mr. Barchas led the Austin Technology Incubator (“ATI”) at The University of Texas at Austin from 2006 to 2016. ATI’s Clean Energy Incubator was the first university clean tech incubation program in the United States. During Mr. Barchas’ leadership, ATI companies raised over $1 billion in the capital markets. Mr. Barchas joined the university from McKinsey & Co., where he worked in the Chicago, Sydney, Auckland, and Dallas offices, from 1996 to 2006 and served on the leadership teams of McKinsey’s North American Healthcare Practice and Global Organization Practice. Mr. Barchas has served on multiple private company boards and on philanthropic boards including Pecan Street Inc., the largest analytically-focused clean energy and climate data consortium in the United States, where he was a founding board member. Mr. Barchas earned a J.D. (honors) and M.A. (Century Fellowship) from The University of Chicago. He received an A.B. from Stanford University (honors and Phi Beta Kappa).
Justin Kelly has agreed to serve on our board of directors. Mr. Kelly is currently the Chief Executive Officer and Chief Investment Officer of Winslow Capital Management, LLC (“Winslow Capital”), Nuveen’s center of excellence for growth investing. Mr. Kelly also serves as lead portfolio manager on the firm’s flagship U.S. Large Cap Growth Strategy. Mr. Kelly has been with Winslow Capital for over two decades and has transformed the firm from a single strategy, niche investment firm to a thought leader globally in growth equity investing with four strategies. Prior to joining Winslow Capital in 1999, Mr. Kelly was an equity analyst at Investment Advisors in Minneapolis. Prior to that, Mr. Kelly worked at Prudential Bache, from 1993 to 1996 as Investment Banker, and Salomon Brothers, from 1996 to 1997 as Investment Banker. Mr. Kelly earned a B.S. in Finance/Investments from Babson College.
Our management team will be supported by NPG, a technology and business services focused private equity firm based in Wayzata, Minnesota. NPG has considerable experience investing in ESG related portfolio companies with community impact, workplace diversity and integrity, and environmental resource management acting as cornerstones to key investment decisions. NPG has offset its carbon footprint to net zero, achieving CarbonNeutral® status. The partners of NPG have been involved in acquisitions, financings and advisory transactions totaling over $20 billion in transaction value and have significant experience investing across a variety of economic cycles and a track record of identifying high-quality assets, businesses and management teams with significant resources, capital and optimization potential. We believe that we will benefit from NPG’s prior experience.”
PRESS RELEASE
ESG RESOURCES
CEO BREIF INTERVIEW
https://www.greenspac.com/ceo-scott-leonard-explains-why-now-is-the-right-time-for-a-spac/

SPAC Risks:
SPAC’s tend to be 50/50 after merger IMOPotential EV or ESG bubble might be formingDoes anyone have an example of a SPAC in the last 15 years (or later) that has liquidated and didn’t pay out?(I honestly haven’t looked)I see 0.1% risk in SPAC shares/units long term (thanks to escrow)
Final Thoughts:
Future (disruptive) ESG companies (like PureCycle) might want to try and avoid previous mistakes (like UBER) by going the public via the SPAC route... Its kind of a thing these days (thank you Covid) and helps them to make more money faster, price their deal properly/more efficiently and gain (those all-important wall street) connections – I see you SPAQ .. also anyone else see spacs drop in the WSJ?
Completely speculative possible ESG SPAC’s – IPOC/IPOB, HCAC/JIH, GMHI/NPA, SBE/ALUS/TDAC, **KCAC/**SSPK, or JWS/PTSH? Who else are we missing?? Who else will pivot like SHLL, SPAQ, HCCH or get a BlackRock PIPE??
Disclaimer: This is not investment advice and I have positions in some of the above.
TLDR: ESG trend is here to stay and SOAC is a ESG SPAC with great a great team
**check out the discord link for more info, resources and tools**
submitted by GhostfacexProdigy to SPACs [link] [comments]

Trump's Swampy Cabinet Full of Billionaires and Millionaires



Secretary of Agriculture Sonny Perdue
Corporate Connections: Big Agriculture, Houston Fertilizer
Net Worth: $5 million

Attorney General William Barr
Corporate Connections: AT&T, Dominion Energy, Kirkland & Ellis, Verizon, Och-Ziff Capital Management, Caterpillar Inc
Net Worth: $40 million

Director of the Central Intelligence Agency Gina Haspel
Net Worth: $2 million


Secretary of Commerce Wilbur L. Ross, Jr.
Corporate Connections: WL Ross & Co., ArcelorMittal, Bank of Cyprus, EXCO Resources, Sun Bancorp., Nexeo Solutions, DSS Holdings, Rothschild & Co
Net Worth: Between $600 million and $3.7 billion


Secretary of Defense Mark Esper
Corporate Connections: Raytheon, Aerospace Industries Association, U.S. Chamber of Commerce
Net Worth: $5 million


Secretary of Education Elisabeth Prince DeVos
Corporate Connections: Amway, Windquest Group, Blackwater USA, Prince Corp Net Worth: 5.4 Billion Secretary of Energy Dan Brouillette
Net Worth: $5.4 billion


Secretary of Energy Dan Brouillette
Corporate Connections: Ford, USAA, Alpine Group
Net Worth: ??


Administrator of the Environmental Protection Agency Andrew Wheeler
Corporate/Lobbying Connections: Bear Head LNG Corporation, Celanese Corporation, Coalition for Domestic Medical Isotope Supply, Darling International Inc., Domestic Fuel Solutions Group, Energy Fuels Resources Inc., Enterprises Swanco LLC, ICOR International, Insurance Auto Auctions, Inc., KAR Holdings, Murray Energy, Nuclear Energy Institute, Sargento Foods Inc., South Coast Air Quality Management District, Underwriters Laboratories, Whirlpool Corporation, Xcel Energy
Net Worth: $3 million


Secretary of Health and Human Services Alex Azar
Corporate Connections: Eli Lilly & Co.
Net worth: $15 million


Acting Secretary of Homeland Security Chad Wolf
Corporate/Lobbying Connections: AMERICAN AIRLINES, ANALOGIC CORP., Advanced Technology Solutions, American Science & Engineering, Inc., Assure Tec, AssureTec Systems, Inc., CHOICEPOINT, INC., Cintas Corporation, Eclipse Aviation, Greater Peoria Regional Airport, HONG KONG TRADE DEVELOPMENT COUNCIL, Harris Corporation, RF Communications Division, Hawaiian Airlines, Inc., Intellicheck Mobilisa, Inc., International RAM Associates, JSIG, Midwest Airlines, NABCO, National Association of Software and Services Companies ( "represents Indian and U.S. companies that place H-1B workers, often displacing U.S. workers in the process"), National September 11 Memorial & Museum, Newport News-Williamsburg International Airport, Next Generation Air Mobility Coalition, North American Conveyor Corporations, Pershing Square Capital Management, L.P., STATE OF ILLINOIS, Syagen Technology, TETRA TECH EC, INC., The Boeing Company, United Launch Alliance, LLC
Net Worth: $1.8 million


Secretary of Housing and Urban Development Benjamin S. Carson, Sr.
Corporate Connections: Costco, Kellogg, Vaccinogen
Net Worth: $26 million


Secretary of the Interior David Bernhardt
Corporate Connections: Brownstein Hyatt Farber Schreck, Halliburton, Cobalt International Energy, Samson Resources, Independent Petroleum Association of America
Net worth: $3 million


Secretary of Labor Eugene Scalia
Corporate Connections: Juul Labs, Facebook, Chevron, the Chamber of Commerce, American Petroleum Institute, UnitedHealth Group and Allianz, Goldman Sachs, Ford Motor Company, Walmart, Wynn Las Vegas, Moody’s, CVS, Delta Air Lines, CSX, Union Pacific.
Net Worth: $6 million


Acting Director of the Office of Management and Budget Russ Vought
Corporate/ Lobby/ Think Tank Connections: Heritage Action (Heritage Foundation offshoot)
Net Worth: ??


Administrator of the Small Business Administration Jovita Carranza
Corporate Connections: UPS, JCR Group
Net Worth: ??


Secretary of State Mike Pompeo
Corporate Connections: Koch Industries, Sentry International, Thayer Aerospace/H.M. Dunn Aerospace
Net Worth: $800,000


Secretary of Transportation Elaine L. Chao (Mitch McConnel's wife)
Corporate Connections: Wells Fargo, Foremost Group***,*** News Corp, Dole Corporation, Wells Fargo & Company, The Heritage Foundation, Vulcan Materials, Centerra Group, LLC, Ingersoll Rand, The Bloomberg Family Foundation Inc, Protective Life Insurance
Net Worth: $20 Million


Secretary of the Treasury Steven T. Mnuchin
Corporate Connections: Goldman Sachs, CIT Group, OneWest, Dune Capital Management, Paulson & Co.
Net Worth: $500 million


U.S. Trade Representative Robert Lighthizer
Corporate Connections: United States Steel Corporation, Skadden
Net worth: $25 million


Secretary of Veterans Affairs Robert Wilkie
Corporate Connections: CH2M HILL
Net worth: $2 million


Vice President Michael R. Pence
Corporate Connections: Koch Industries, Club for Growth, Cummins Inc., Eli Lilly & Co.
Net Worth: $2 million


White House Chief of Staff Mark Meadows
Corporate Connections: Highland Properties
Net worth: $6.8 million


Director of National Intelligence John Ratcliffe
Net Worth: $7 million

Don't worry, Trump is going to drain the swamp, someday.
submitted by x23b1 to conspiracy [link] [comments]

Significant Insider Trades (Last 7 Days)

This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information that has not been made public. So for example if there are drug trial results that are bad and not public, insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report.

Largest Insider Buying (Last 7 Days)

Company Count Shares Changed Avg. Price Value Change
LIVE / Live Ventures Incorporated 1 28,672
BATRR / Liberty Media Corporation 2 1,590,708 33 53,187,708
NARI / Inari Medical, Inc. 14 1,044,045 19 19,836,855
ALT / Altimmune, Inc. 6 1,303,636 8 11,395,493
CAR / Avis Budget Group, Inc. 3 499,640 19 9,883,152
JAZZ / Jazz Pharmaceuticals, Inc. 5 50,000 111 5,553,805
DVAX / Dynavax Technologies Corp. 1 1,000,000 5 5,000,000
SCPH / scPharmaceuticals Inc. 1 578,034 9 4,999,994
AVID / Avid Technology, Inc. 3 676,008 6 4,320,594
ZMTP / Zoom Telephonics Inc. 1 822,368 2 1,249,999
EVF / Eaton Vance Senior Income Trust 2 229,484 5 1,190,477
RCL / Royal Caribbean Cruises Ltd. 1 20,000 49 972,518
GDOT / Green Dot Corp. 2 25,000 37 919,000
OPK / Opko Health, Inc. 20 350,000 2 803,961
CWGL / Crimson Wine Group Ltd. 2 111,428 6 612,854
OPRT / Oportun Financial Corporation 2 51,313 10 499,966
NHS / Neuberger Berman High Yield Strategies Fund 2 41,163 10 429,164
NMFC / New Mountain Finance Corporation 2 40,909 9 387,664
CSWI / CSW Industrials, Inc. 1 5,000 70 348,400
PHD / Pioneer Floating Rate Trust 2 39,335 9 344,943
EARN / Ellington Residential Mortgage REIT 2 27,500 10 266,967
ARDC / Ares Dynamic Credit Allocation Fund, Inc. 1 20,000 11 226,276
LQDT / Liquidity Services, Inc. 1 40,959 5 223,227
GBAB / Guggenheim Build America Bonds Managed Duration Trust 3 9,000 23 204,652
DHY / Credit Suisse High Yield Bond Fund 2 100,000 2 193,000
CBTX / CBTX, Inc. 3 10,000 19 191,639
SSSS / Sutter Rock Capital Corp. 1 25,000 6 159,750
DGICB / Donegal Group, Inc. Class B 1 10,000 14 136,400
FLXN / Flexion Therapeutics, Inc. 2 12,307 10 119,993
TFFP / TFF Pharmaceuticals, Inc. 1 20,000 5 101,600
UIHC / United Insurance Holdings Corp. 3 13,532 8 101,533
BSGM / BioSig Technologies, Inc. 7 8,600 10 86,523
PRTS / U.S. Auto Parts Network, Inc. 4 13,190 6 81,362
TCC / Trammell Crow Co. 2 10,000 7 72,280
OVLY / Oak Valley Bancorp 1 5,000 14 72,250
GTN / Gray Television, Inc. 1 5,000 14 71,950
FIF / First Trust Energy Infrastructure Fund 6 6,500 11 71,522
CRD.B / Crawford & Co. 2 9,383 6 55,951
ARES / Ares Management, L.P. 1 1,340 37 50,103
SMBC / Southern Missouri Bancorp, Inc. 1 2,000 25 49,620

Largest Insider Selling (Last 7 Days)

Company Count Shares Change Avg. Price Value Change
AVTR / Avantor, Inc. 4 -62,065,657 16 -986,942,112
SLQT / SelectQuote, Inc. 24 -30,201,647 19 -570,811,128
BILL / Bill.com Holdings, Inc. 4 -5,800,000 63 -366,908,000
HTZ / Hertz Global Holdings, Inc. 1 -55,342,109 1 -39,846,318
BBY / Best Buy Co., Inc. 5 -319,196 80 -25,438,923
AYX / Alteryx Inc. 11 -108,041 147 -15,787,046
WMS / Advanced Drainage Systems Inc. 5 -250,000 45 -11,196,742
TDG / Transdigm Group, Inc. 6 -20,000 434 -8,657,698
TDY / Teledyne Technologies Inc. 8 -23,464 358 -8,493,829
EXPE / Expedia, Inc. 4 -100,000 85 -8,444,841
GSHD / Goosehead Insurance, Inc. 12 -134,289 61 -8,142,013
IART / Integra LifeSciences Holdings Corp. 3 -147,912 52 -7,711,575
SNPS / Synopsys, Inc. 4 -43,758 171 -7,477,086
APO / Apollo Global Management LLC 3 -135,000 48 -6,416,202
DLB / Dolby Laboratories, Inc. 3 -99,664 60 -6,039,233
NKE / Nike, Inc. 1 -60,000 98 -5,880,000
MA / MasterCard Incorporated 2 -19,230 304 -5,849,519
V / Visa, Inc. 1 -26,150 192 -5,017,380
ECL / Ecolab, Inc. 1 -22,800 205 -4,677,602
BLD / TopBuild Corp. 5 -33,216 120 -3,957,591
OSPN / OneSpan Inc. 3 -176,000 20 -3,538,640
POOL / Pool Corp. 4 -13,144 245 -3,216,364
NDSN / Nordson Corp. 4 -17,036 179 -3,052,072
ROK / Rockwell Automation, Inc. 2 -13,967 216 -2,998,955
CACC / Credit Acceptance Corp. 1 -8,066 354 -2,854,907
TRTN / Triton International Limited 2 -87,111 32 -2,759,763
VRSK / Verisk Analytics, Inc. 1 -16,851 163 -2,752,442
BLK / BlackRock, Inc. 3 -5,100 527 -2,685,734
ALGN / Align Technology, Inc. 1 -10,000 251 -2,511,534
AOS / Smith (A.O.) Corp. 1 -52,400 47 -2,464,634
CHE / Chemed Corp. 1 -5,000 484 -2,419,900
LMNX / Luminex Corp. 3 -75,000 31 -2,328,600
AMK / AssetMark Financial Holdings, Inc. 8 -87,800 27 -2,308,149
CDLX / Cardlytics, Inc. 8 -34,824 66 -2,300,804
DIOD / Diodes Incorporated 11 -43,286 51 -2,199,581
GGG / Graco Inc. 1 -45,000 47 -2,115,000
ZBRA / Zebra Technologies Corp. 2 -8,067 256 -2,065,266
ORCC / Owl Rock Capital Corporation 2 -156,469 13 -2,002,961
FICO / Fair Isaac Corp. 3 -5,000 396 -1,982,257
YMAB / Y-mAbs Therapeutics, Inc. 1 -50,000 39 -1,969,235
A / Agilent Technologies, Inc. 3 -21,599 86 -1,863,636
Count column is number of transactions.
Source: Fintel.io/insiders
submitted by badpauly to StockMarket [link] [comments]

Golden Penny... the return of $ADOM (finally a tip that is not PINK!)

$ADOM a now $0.23 penny stock is resurfacing due to it's sector relationship to Workhorse, Tesla and Nikola
During the most recent quarter, 70K shares were bought in insider trading.
Annual growth, past 5 years EPS Revenue 198.50%
Consensus estimate is higher than previous year actual 14.29%
Consensus estimate-$0.07 Previous year actual-$0.07
Adomani Inc $ADOM Consumer Discretionary : Auto Components
Adomani, Inc. is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs, manufactures and installs conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, electric or hybrid drivetrain systems. The hybrid drivetrain systems are available in both an assistive hybrid format and a full-traction format for use in private and commercial fleet vehicles of all sizes. The Company's product offering includes transit bus, cab-over-engine trucks, walk-in delivery van and shuttle bus. Transit bus offers a range of models, including EV250, EV300, EV350, EV400 and EV450. Cab-over-engine truck is built for a variety of logistic needs. Walk-in delivery van is a commercial vehicle. Shuttle bus is built with a hybrid drivetrain.
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$WKHS has made a 52 week change of 393.54%
you know TSLA and NKLA story...
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https://finance.yahoo.com/news/adomani-r-joins-national-zero-201500704.html

https://finance.yahoo.com/news/adomani-r-signs-letter-intent-130000209.html

https://www.marketwatch.com/story/teslas-q2-covid-impacted-sales-will-be-a-catalyst-for-the-stock-next-week-2020-06-26?siteid=yhoof2&yptr=yahoo
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Shares of Workhorse Group Inc. (WKHS) ran up 19% in morning trading, putting them on track for a record ninth-straight gain toward a record high, after the electric van maker announced a $70 million securities purchase agreement from a single institutional investors. The stock has now skyrocketed more than four fold (up 318%) since it last declined on June 17. The company said it agreed to sell to HT Investments MA, LLC $70 million in a senior secured convertible note, which will be convertible into common stock. The notes will bear interest at 4.50% per share and mature on July 1, 2023. Workhorse expects to use the proceeds from the sale of notes to finance the production of its trucks and for general corporate purposes. The stock has soared nearly 10-fold (up 892%) over the past three months. Among other electric vehicle makers, shares of Nikola Corp. (NKLA) has gained nearly 6-fold (up 489%), Tesla Inc. (TSLA) has doubled (up 104%) and Nio Inc. (NIO) has nearly tripled (up 180%). Meanwhile, the S&P 500 has gained 16% the past three months.
-Tomi Kilgore
For more from MarketWatch: http://www.marketwatch.com/newsviewer
(END) Dow Jones Newswires
June 30, 2020 09:56 ET (13:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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ADOMANI's Commitment to Stakeholders

6:24 pm ET June 25, 2020 (Globe Newswire) Print
via NetworkWire - ADOMANI, Inc. (OTCQB: ADOM), a provider of new zero-emission, purpose-built electric vehicles and drivetrain solutions, today released the following statement to its stakeholders:
As a business built on promoting cleaner and healthier air for all, ADOMANI wants to express our sincerest concerns about you and your family's health and safety during the COVID-19 pandemic. We know that these are unprecedented and challenging times. We are confident that healthier and prosperous days are just ahead of us.
As ADOMANI navigates the current uncharted business climate, we want to assure you that we remain committed to opportunities that improve healthy air quality for all, especially children. We do so by providing zero-emission electric vehicles and drivetrain solutions across many industry sectors. We also reinforce our support for diversity within our operations, from board members to staff, and throughout our communities. We are committed to doing our part to make a better world for future generations.
Finally, we want to thank our shareholders, customers, and partners for their support and patience as we continue to build a reliable company and focus on reaching current goals and establishing new ones. We appreciate your investment and dollar-cost averaging during the recent ebbs and flows of our stock price. The ADOMANI leadership team remains vigilant about their obligations toward our valued shareholders.
ADOMANI's Zero-Emission Solutions
ADOMANI provides new zero-emission electric vehicles and is a provider of zero-emission electric drivetrain systems for integration in medium to heavy-duty commercial fleet vehicles and re-power drivetrain system conversion kits for replacement in combustion-powered vehicles. Our zero-emission electric vehicles are focused on reducing the total cost of vehicle ownership. We help fleet operators unlock the benefits of green technology while addressing the challenges of traditional fuel price instability and local, state, and federal environmental regulatory compliance in addition to the health benefits that are a resulting benefit of this technology.
Our vehicles and drivetrain systems offer optional solutions for telematics for remote monitoring, electric power-export, and various levels of grid-connectivity. The zero-emission products may also scale to include automated charging infrastructure and "intelligent" stationary energy storage. These charging and storage systems enable fast vehicle charging, emergency back-up facility power, and access to the developing, grid-connected opportunities for the aggregate power available from large battery pack groups.
ADOMANI NEWS
ADOMANI Delivers All-Electric Logistic Van to SnowCap Community Charities in Portland, Oregon
ADOMANI Staff Resumes Operations at its Corporate Offices and Locations
ADOMANI Signs Letter of Intent to Purchase, Assemble and Distribute ev Transportation Services' FireFly ESV Vehicle
ADOMANI and Amperics Collaborate to Fulfill Purchase Order from Established Law Enforcement Electronics Vendor
INDUSTRY NEWS
California Climate Investments is a statewide initiative that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions...
An alliance of major investors overseeing $2.4 trillion has committed to making portfolios entirely carbon-neutral by 2050
Wire Service Contact
NetworkWire (NW)
New York, New York
www.NetworkWire.com
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submitted by Snoo_86776 to pennystocks [link] [comments]

SOAC and the ESG SPAC ETF

SOAC and the ESG SPAC ETF
Environmental, Social and Governance (ESG) has risen greatly in popularity in recent time. With many factors (including Covid) raising awareness around ESG it would appear there has never been a better time to invest in this market trend/values (besides maybe six months ago).
Government subsidies, decarbonization, climate change, industrial/infrastructure upgrades, technological advancements, ESG popularity, greenwashing and police brutality are but a few of the catalysts favouring ESG focused companies (ETFs, funds and SPACs like SPAQ/SOAC). The recent growth in EV market, solar stocks, renewable energy, Tesla, the Juneteenth stock’s and the green energy market (including SPACs - NKLA SHLL SPAQ) are but a few of the benefiters of this “movement” to date.
It’s not just day trading millennials (beckys/RH) who love this stuff but hedge funds are also benefiting from this trend (that is here to stay). It might be a personal belief of mine coupled with my passion for environmentalism but market trends do not lie (although can pop) – and if I can profit from this, why not?
SPAQ SHLL SOAC FMCI BMRG HCCH NKLA BLNK DGLY SOLO EVSI NIO UONE BYFC FMCI BYND RUN WKHS TSLA SHRM.. - a few quick/recent examples of companies with strong ESG verticals absolutely crushing the market. I watched the rise of DKNG (Atlanta fan haha) and NKLA (no product lol) but took a pass because I didn’t fully understand SPACs at the time - don’t be that guy..
Furthermore, ESG funds tend to outperform traditional investments (during downturns - like covid – and some SPACs were a safe haven (because of something called Escrow).
It seems like we need a SPAC ETF ESG focused on some of the above mentioned.. more like needed it six months ago??
Very Basic (and inconclusive without further) Market Research:
https://preview.redd.it/r2a0g4je3hc51.png?width=548&format=png&auto=webp&s=5ab17bfc1cebe67f38ece9e9e4399839b3d96637
https://preview.redd.it/xabu9rjf3hc51.png?width=602&format=png&auto=webp&s=408fd50b2645515cd3760e728385e382b4415f40
https://preview.redd.it/gp510d7g3hc51.png?width=281&format=png&auto=webp&s=12cf488503cad9336321f35fb44099f573988ed9
https://preview.redd.it/3xniqsgh3hc51.png?width=266&format=png&auto=webp&s=bd8c0717d97d8ae417625dbdc7b44a74fcb2ae65
https://preview.redd.it/kidph1vh3hc51.png?width=556&format=png&auto=webp&s=e0e13d6848b28d1abf9d06445f3a6fbefd627351
https://preview.redd.it/fmsbsebi3hc51.png?width=602&format=png&auto=webp&s=51090c0c51e110690338cfc310f2050c817b8e46
https://preview.redd.it/pfr65yej3hc51.png?width=508&format=png&auto=webp&s=799665192c34b126cc80397d66ee3ebc2096f106
** all info sourced in links**
“A poll … by JP Morgan of 50 global institutions with $12.9 trillion under management found that 71% of respondents felt the economic shock of Covid-19 would increase awareness and actions globally to tackle climate change and “high impact, high probability” events like it. “Over the long run, COVID-19 could prove to be a major turning point for ESG investing,” said Jean-Xavier Hecker and Hugo Dubourg, co-heads of ESG and Sustainability at JP Morgan. “
https://www.barrons.com/articles/spartan-fisker-spac-electric-vehicle-stocks-51594646511?mod=hp_INTERESTS_technology&refsec=hp_INTERESTS_technology
The ESG SPAC Space:
There are a few (openly) ESG focused SPACs right now - SOAC is arguably the best. When you invest in a SPAC remember – you are investing in the team ie management, UW, legal and institutional backing (follow the money)..
Sustainable Opportunities Acquisition Corp. SOAC
Structure:
345m - 100% still in Trust 18mo term – I like the short term (maybe we see a CCXX or BMRG early announcement) IPO May 6 2020 – Love the confidence of IPOing in the face of Covid ½ Warrant/Unit Citigroup running the books solo Kirkland and Ellis & Davis Polk and Wardwell are lawyers involved Crescent term threshold of $9.2
Business Proposal:
“We believe that there are significant, attractive investment opportunities that exist within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. While investing in ESG covers a broad range of themes, we are focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from our management team’s commitment and expertise in executing such practices. We believe our management team’s experience allows us to evaluate targets in industries such as manufacturing (including auto, building materials), chemicals, services (including waste, environmental, construction), logistics (including transportation, distribution), technology (hardware, software, devices), agriculture (including biofuels) and energy (with focus on renewable generation, utility services, energy efficiency/management), among others. Furthermore, our target universe could include companies undergoing a transition to increase their environmental sustainability profiles, reflecting an opportunity to bring environmentally sustainable practices to companies that may not have historically been focused on environmental sustainability. We believe there is a wide array of companies undergoing this “brown-to-green” transition in our target universe. Companies in our target universe tend to have stable growth rates and would greatly benefit from access to public market capital.”
Management:
“The SOAC management team has extensive experience in operating and managing sustainability initiatives within a wide range of companies and industries throughout the U.S.”
Scott Honour (the one and only) serves as the Chairman of our board of directors. Mr. Honour has over 30 years of private equity investment experience and has been involved in over 100 transactions totalling over $20 billion in transaction value. Mr. Honour is Managing Partner of Northern Pacific Group (“NPG”), a private equity firm, which he co-founded in 2012. Prior to that, Mr. Honour was at The Gores Group, a Los Angeles based private equity firm, for 10 years, serving as Senior Managing Director and one of the firm’s top executives. During his time at The Gores Group, the firm raised four funds, totaling $4 billion in aggregate, and made over 35 investments. Mr. Honour also served on the investment committee for The Gores Group. Prior to joining The Gores Group, Mr. Honour was a Managing Director at UBS Investment Bank from 2000 to 2002 and was an investment banker at Donaldson, Lufkin & Jenrette from 1991 to 2000. Mr. Honour began his career at Trammell Crow Company in 1988. Mr. Honour has served on the board of directors of numerous public and private companies including Solar Spectrum Holdings LLC, Anthem Sports & Entertainment Inc., 1st Choice Delivery, LLC, United Language Group, Inc., Renters Warehouse LLC, Real Dolmen (REM:BB) and Westwood One, Inc. (formerly Nasdaq: WWON), and is a co-founder of Titan CNG LLC and YapStone Inc. Mr. Honour earned a B.S. and B.A., cum laude, in Business Administration and Economics from Pepperdine University and an M.B.A. in Finance and Marketing from the Wharton School of the University of Pennsylvania.
David Quiram serves as our Chief Financial Officer. Dr. Quiram has over 20 years of leadership experience in technology, strategy and finance organizations with a deep understanding of the chemicals, emerging technology, bioscience and energy sectors. Previously, Dr. Quiram served as Head of Financial Planning and Analysis and Tax at GenOn Energy (“GenOn”) from 2017 until 2019 where he was responsible for standing up the financial and administrative functions of GenOn as a stand-alone entity from NRG Energy Inc. (NYSE: NRG). Prior to that, Dr. Quiram served as Head of Investments for Enterprise Services of Hewlett Packard Enterprise (NYSE: HPE) from 2014 until 2017 where he directed investments into products and services. From 2010 to 2014, Dr. Quiram was with Accenture (NYSE: ACN) as a Senior Manager in their Strategy practice focused on transforming utilities, independent power producers, and energy retailers. From 2006 to 2009, Dr. Quiram worked at multiple roles at TXU Energy starting in finance and later served as Vice President of Retail Pricing and Procurement where he led the pricing and hedging for TXU Energy’s retail portfolio. Dr. Quiram began his career at McKinsey & Co where he worked as an Engagement Manager from 2001 until 2005, and as a Research Scientist at DuPont (NYSE: DD) from 1998 to 2001. Dr. Quiram earned a B.S. in Chemical Engineering with Highest Distinction from the University of Virginia, and an M.S. and Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology.
Rick Gaenzle has agreed to serve on our board of directors. Mr. Gaenzle has over 30 years of private equity investment and corporate finance experience; he is the founder and currently serves as a Managing Director of Gilbert Global Equity Capital, L.L.C., the principal investment advisor to Gilbert Global Equity Partners, L.P. and related entities, a $1.2 billion leveraged buyout and private equity fund. Mr. Gaenzle has spent the last twenty-eight years at Gilbert Global and its predecessor entity, completing over 110 direct equity investments, co-investments and add-on acquisitions for portfolio companies. Previously, Mr. Gaenzle was a Principal of Soros Capital L.P., the principal venture capital and leveraged equity entity of the Quantum Group of Funds and a principal advisor to Quantum Industrial Holdings Ltd. Prior to joining Soros Capital, Mr. Gaenzle held various positions at PaineWebber Inc. Mr. Gaenzle currently serves as a Senior Advisor to Impact Delta, an impact-investing and impact-measurement advisory firm; an Operating Partner of NPG; and Chairman of Lake Street Homes, a single-family rental investment vehicle. Mr. Gaenzle holds a B.A. from Hartwick College and an M.B.A. from Fordham University.
Isaac Barchas has agreed to serve on our board of directors. Mr. Barchas is the President and Chief Executive Officer of Research Bridge Partners (“RBP”), a socially-driven investment company, which he founded in 2016. RBP uses both concessionary and nonconcessionary investment to create startup companies based on university research and advance those companies into the venture capital markets. Prior to founding RBP, Mr. Barchas led the Austin Technology Incubator (“ATI”) at The University of Texas at Austin from 2006 to 2016. ATI’s Clean Energy Incubator was the first university clean tech incubation program in the United States. During Mr. Barchas’ leadership, ATI companies raised over $1 billion in the capital markets. Mr. Barchas joined the university from McKinsey & Co., where he worked in the Chicago, Sydney, Auckland, and Dallas offices, from 1996 to 2006 and served on the leadership teams of McKinsey’s North American Healthcare Practice and Global Organization Practice. Mr. Barchas has served on multiple private company boards and on philanthropic boards including Pecan Street Inc., the largest analytically-focused clean energy and climate data consortium in the United States, where he was a founding board member. Mr. Barchas earned a J.D. (honors) and M.A. (Century Fellowship) from The University of Chicago. He received an A.B. from Stanford University (honors and Phi Beta Kappa).
Justin Kelly has agreed to serve on our board of directors. Mr. Kelly is currently the Chief Executive Officer and Chief Investment Officer of Winslow Capital Management, LLC (“Winslow Capital”), Nuveen’s center of excellence for growth investing. Mr. Kelly also serves as lead portfolio manager on the firm’s flagship U.S. Large Cap Growth Strategy. Mr. Kelly has been with Winslow Capital for over two decades and has transformed the firm from a single strategy, niche investment firm to a thought leader globally in growth equity investing with four strategies. Prior to joining Winslow Capital in 1999, Mr. Kelly was an equity analyst at Investment Advisors in Minneapolis. Prior to that, Mr. Kelly worked at Prudential Bache, from 1993 to 1996 as Investment Banker, and Salomon Brothers, from 1996 to 1997 as Investment Banker. Mr. Kelly earned a B.S. in Finance/Investments from Babson College.
Our management team will be supported by NPG, a technology and business services focused private equity firm based in Wayzata, Minnesota. NPG has considerable experience investing in ESG related portfolio companies with community impact, workplace diversity and integrity, and environmental resource management acting as cornerstones to key investment decisions. NPG has offset its carbon footprint to net zero, achieving CarbonNeutral® status. The partners of NPG have been involved in acquisitions, financings and advisory transactions totaling over $20 billion in transaction value and have significant experience investing across a variety of economic cycles and a track record of identifying high-quality assets, businesses and management teams with significant resources, capital and optimization potential. We believe that we will benefit from NPG’s prior experience.”
PRESS RELEASE
ESG RESOURCES
CEO BREIF INTERVIEW
https://www.greenspac.com/ceo-scott-leonard-explains-why-now-is-the-right-time-for-a-spac/
SPAC Risks:
SPAC’s tend to be 50/50 after merger IMO Potential EV or ESG bubble might be forming Does anyone have an example of a SPAC in the last 15 years (or later) that has liquidated and didn’t pay out? (I honestly haven’t looked) I see 0.1% risk in SPAC shares/units long term (thanks to escrow)
Final Thoughts:
Future (disruptive) ESG companies (like PureCycle) might want to try and avoid previous mistakes (like UBER) by going the public via the SPAC route... Its kind of a thing these days (thank you Covid) and helps them to make more money faster, price their deal properly/more efficiently and gain (those all-important wall street) connections – I see you SPAQ .. also anyone else see spacs drop in the WSJ?
Completely speculative possible ESG SPAC’s – IPOC/IPOB, HCAC/JIH, GMHI/NPA, SBE/ALUS/TDAC, KCAC/SSPK, or JWS/PTSH? Who else are we missing?? Who else will pivot like SHLL, SPAQ, HCCH or get a BlackRock PIPE??
PS: This is not investment advice and I have positions in some of the above.
TLDR: ESG trend is here to stay and SOAC is a ESG SPAC
**check out the discord link for more resources and tools**
submitted by GhostfacexProdigy to SPACfeed [link] [comments]

What a USL D1 league might look like

TL;DR: Man with too much time on his hands goes deep down the rabbit hole on a concept this sub already didn’t seem that enthusiastic about. If you really want to skip ahead, CTRL+F “verdict” and it’ll get you there.
Two days ago, u/MrPhillyj2wns made a post asking whether USL should launch a D1 league in order to compete in Concacaf. From the top voted replies, it appears this made a lot of people very angry and has been widely regarded as a bad move.
But I’ve been at home for eight weeks and I am terribly, terribly bored.
So, I present to you this overview of what the USL pyramid might look like if Jake Edwards got a head of steam and attempted to establish a USSF-sanctioned first division. This is by no means an endorsement of such a proposal or even a suggestion that USL SHOULD do such a thing. It is merely an examination of whether they COULD.
Welcome to the Thunderdome USL Premiership
First, there are some base-level assumptions we must make in this exercise, because it makes me feel more scientific and not like a guy who wrote this on Sunday while watching the Belarusian Premier League (Go BATE Borisov!).
  1. All D1 teams must comply with known USSF requirements for D1 leagues (more on that later).
  2. MLS, not liking this move, will immediately remove all directly-owned affiliate clubs from the USL structure (this does not include hybrid ownerships, like San Antonio FC – NYCFC). This removes all MLS2 teams but will not affect Colorado Springs, Reno, RGVFC and San Antonio.
  3. The USL will attempt to maintain both the USL Championship and USL League One, with an eventual mind toward creating the pro/rel paradise that is promised in Relegations 3:16.
  4. All of my research regarding facility size and ownership net worth is correct – this is probably the biggest leap of faith we have to make, since googling “NAME net worth” and “CITY richest people” doesn’t seem guaranteed to return accurate results.
  5. The most a club can increase its available seating capacity to meet D1 requirements in a current stadium is no more than 1,500 seats (10% of the required 15,000). If they need to add more, they’ll need a new facility.
  6. Let’s pretend that people are VERY willing to sell. It’s commonly acknowledged that the USL is a more financially feasible route to owning a soccer club than in MLS (c.f. MLS-Charlotte’s reported $325 million expansion fee) and the USSF has some very strict requirements for D1 sanctioning. It becomes pretty apparent when googling a lot of team’s owners that this requirement isn’t met, so let’s assume everyone that can’t sells to people who meet the requirements.
(Known) USSF D1 league requirements:
- League must have 12 teams to apply and 14 teams by year three
- Majority owner must have a net worth of $40 million, and the ownership group must have a total net worth of $70 million. The value of an owned stadium is not considered when calculating this value.
- Must have teams located in the Eastern, Central and Pacific time zones
- 75% of league’s teams must be based in markets with at a metro population of at least 1 million people.
- All league stadiums must have a capacity of at least 15,000
The ideal club candidate for the USL Premiership will meet the population and capacity requirements in its current ground, which will have a grass playing surface. Of the USL Championship’s 27 independent/hybrid affiliate clubs, I did not find one club that meets all these criteria as they currently stand.
Regarding turf fields, the USSF does not have a formal policy regarding the ideal playing surface but it is generally acknowledged that grass is superior to turf. 6 of 26 MLS stadiums utilize turf, or roughly 23% of stadiums. We’ll hold a similar restriction for our top flight, so 2-3 of our top flight clubs can have turf fields. Seem fair?
Capacity is going to be the biggest issue, since the disparity between current requirements for the second-tier (5,000) and the first tier (15,000) is a pretty massive gap. Nice club you have there, triple your capacity and you’re onto something. As a result, I have taken the liberty of relocating certain (read: nearly all) clubs to new grounds, trying my utmost to keep those clubs in their current markets and –importantly--, ensure they play on grass surfaces.
So, let’s do a case-by-case evaluation and see if we can put together 12-14 teams that meet the potential requirements, because what else do you have to do?
For each club’s breakdown, anything that represents a chance from what is currently true will be underlined.
Candidate: Birmingham Legion FC
Location (Metro population): Birmingham, Ala. (1,151,801)
Time zone: Central
Stadium (playing surface, capacity): Legion Field (FieldTurf, 71,594)
Potential owner: Stephens Family (reported net worth $4 billion)
Notes: Birmingham has a pretty strong candidacy. Having ditched the 5,000-seater BBVA Field for Legion Field, which sits 2.4 miles away, they’ve tapped into the city’s soccer history. Legion Field hosted portions of both the men’s and women’s tournaments at the 1996 Olympics, including a 3-1 U.S. loss to Argentina that saw 83,183 pack the house. The Harbert family seemed like strong ownership contenders, but since the death of matriarch Marguerite Harbert in 2015, it’s unclear where the wealth in the family is concentrated, so the Stephens seem like a better candidate. The only real knock that I can think of is that we really want to avoid having clubs play on turf, so I’d say they’re on the bubble of our platonic ideal USL Prem.
Candidate: Charleston Battery
Location (Metro population): Charleston, S.C. (713,000)
Time zone: Eastern
Stadium (playing surface, capacity): Johnson Hagood Stadium (Grass, ~14,700)
Potential owner: Anita Zucker (reported net worth $3 billion)
Notes: Charleston’s candidacy isn’t looking great. Already disadvantaged due to its undersized metro population, a move across the Cooper River to Johnson Hagood Stadium is cutting it close in terms of capacity. The stadium, home to The Citadel’s football team, used to seat 21,000, before 9,300 seats on the eastern grandstand were torn down in 2017 to deal with lead paint that had been used in their construction. Renovation plans include adding 3,000 seats back in, which could hit 15,000 if they bumped it to 3,300, but throw in a required sale by HCFC, LLC (led by content-creation platform founder Rob Salvatore) to chemical magnate Anita Zucker, and you’ll see there’s a lot of ifs and ands in this proposal.
Candidate: Charlotte Independence
Location (Metro population): Charlotte, N.C. (2,569, 213)
Time zone: Eastern
Stadium (playing surface, capacity): Jerry Richardson Stadium (Turf, 15,314)
Potential owner: James Goodnight (reported net worth $9.1 billion)
Notes: Charlotte ticks a lot of the boxes. A move from the Sportsplex at Matthews to UNC-Charlotte’s Jerry Richardson stadium meets capacity requirements, but puts them on to the dreaded turf. Regrettably, nearby American Legion Memorial Stadium only seats 10,500, despite a grass playing surface. With a sizeable metro population (sixth-largest in the USL Championship) and a possible owner in software billionaire James Goodnight, you’ve got some options here. The biggest problem likely lies in direct competition for market share against a much better-funded MLS Charlotte side due to join the league in 2021.
Candidate: Hartford Athletic
Location (Metro population): Hartford, Conn. (1,214,295)
Time zone: Eastern
Stadium (playing surface, capacity): Pratt & Whitney Stadium (Grass, 38,066)
Potential owner: Ray Dalio (reported net worth $18.4 billion)
Notes: Okay, I cheated a bit here, having to relocate Hartford to Pratt & Whitney Stadium, which is technically in East Hartford, Conn. I don’t know enough about the area to know if there’s some kind of massive beef between the two cities, but the club has history there, having played seven games in 2019 while Dillon Stadium underwent renovations. If the group of local businessmen that currently own the club manage to attract Dalio to the table, we’re on to something.
Candidate: Indy Eleven
Location (Metro population): Indianapolis, Ind. (2,048,703)
Time zone: Eastern
Stadium (playing surface, capacity): Lucas Oil Stadium (Turf, 62,421)
Potential owner: Jim Irsay (reported net worth of $3 billion)
Notes: Indy Eleven are a club that are SO CLOSE to being an ideal candidate – if it weren’t for Lucas Oil Stadium’s turf playing surface. Still, there’s a lot to like in this bid. I’m not going to lie, I have no idea what current owner and founder Ersal Ozdemir is worth, but it seems like there might be cause for concern. A sale to Irsay, who also owns the NFL Indianapolis (nee Baltimore) Colts, seems likely to keep the franchise there, rather than make a half-mile move to 14,230 capacity Victory Field where the AAA Indianapolis Indians play and expand from there.
Candidate: Louisville City FC
Location (Metro population): Louisville, Ky. (1,297,310)
Time zone: Eastern
Stadium (playing surface, capacity): Lynn Family Stadium (Grass, 14,000, possibly expandable to 20,000)
Potential owner: Wayne Hughes (reported net worth $2.8 billion)
Notes: I’m stretching things a bit here. Lynn Family stadium is currently listed as having 11,700 capacity that’s expandable to 14,000, but they’ve said that the ground could hold as many as 20,000 with additional construction, which might be enough to grant them a temporary waiver from USSF. If the stadium is a no-go, then there’s always Cardinal Stadium, home to the University of Louisville’s football team, which seats 65,000 but is turf. Either way, it seems like a sale to someone like Public Storage founder Wayne Hughes will be necessary to ensure the club has enough capital.
Candidate: Memphis 901 FC
Location (Metro population): Memphis, Tenn. (1,348,260)
Time zone: Central
Stadium (playing surface, capacity): Liberty Bowl Stadium (Turf, 58,325)
Potential owner: Fred Smith (reported net worth $3 billion)
Notes: Unfortunately for Memphis, AutoZone Park’s 10,000 seats won’t cut it at the D1 level. With its urban location, it would likely prove tough to renovate, as well. Liberty Bowl Stadium more than meets the need, but will involve the use of the dreaded turf. As far as an owner goes, FedEx founder Fred Smith seems like a good local option.
Candidate: Miami FC, “The”
Location (Metro population): Miami, Fla. (6,158,824)
Time zone: Eastern
Stadium (playing surface, capacity): Riccardo Silva Stadium (FieldTurf, 20,000)
Potential owner: Riccardo Silva (reported net worth $1 billion)
Notes: Well, well, well, Silva might get his wish for top-flight soccer, after all. He’s got the money, he’s got the metro, and his ground has the capacity. There is the nagging issue of the turf, though. Hard Rock Stadium might present a solution, including a capacity of 64,767 and a grass playing surface. It is worth noting, however, that this is the first profile where I didn’t have to find a new potential owner for a club.
Candidate: North Carolina FC
Location (Metro population): Durham, N.C. (1,214,516 in The Triangle)
Time zone: Eastern
Stadium (playing surface, capacity): Carter-Finley Stadium (Grass/Turf, 57,583)
Potential owner: Steve Malik (precise net worth unknown) / Dennis Gillings (reported net worth of $1.7 billion)
Notes: We have our first “relocation” in North Carolina FC, who were forced to trade Cary’s 10,000-seat WakeMed Soccer Park for Carter-Finley Stadium in Durham, home of the NC State Wolfpack and 57,583 of their closest friends. The move is a whopping 3.1 miles, thanks to the close-knit hub that exists between Cary, Durham and Raleigh. Carter-Finley might be my favorite of the stadium moves in this exercise. The field is grass, but the sidelines are artificial turf. Weird, right? Either way, it was good enough for Juventus to play a friendly against Chivas de Guadalajara there in 2011. Maybe the move would be pushed for by new owner and medical magnate Dennis Gillings, whose British roots might inspire him to get involved in the Beautiful Game. Straight up, though, I couldn’t find a net worth for current owner Steve Malik, though he did sell his company MedFusion for $91 million in 2010, then bought it back for an undisclosed amount and sold it again for $43 million last November. I don’t know if Malik has the juice to meet D1 requirements, but I suspect he’s close.
Candidate: Pittsburgh Riverhounds SC
Location (Metro population): Pittsburgh, Penn. (2,362,453)
Time zone: Eastern
Stadium (playing surface, capacity): Heinz Field (Grass, 64,450)
Potential owner: Henry Hillman (reported net worth $2.5 billion)
Notes: I don’t know a ton about the Riverhounds, but this move in particular feels like depriving a pretty blue-collar club from its roots. Highmark Stadium is a no-go from a seating perspective, but the Steelers’ home stadium at Heinz Field would more than meet the requirements and have a grass surface that was large enough to be sanctioned for a FIFA friendly between the U.S. WNT and Costa Rica in 2015. As for an owner, Tuffy Shallenberger (first ballot owner name HOF) doesn’t seem to fit the USSF bill, but legendary Pittsburgh industrialist Henry Hillman might. I’m sure you’re asking, why not the Rooney Family, if they’ll play at Heinz Field? I’ll tell you: I honestly can’t seem to pin down a value for the family. The Steelers are valued at a little over a billion and rumors persist that Dan Rooney is worth $500 million, but I’m not sure. I guess the Rooneys would work too, but it’s a definite departure from an owner in Shallenberger who was described by one journalist as a guy who “wears boots, jeans, a sweater and a trucker hat.”
Candidate: Saint Louis FC
Location (Metro population): St. Louis, Mo. (2,807,338)
Time zone: Central
Stadium (playing surface, capacity): Busch Stadium (Grass, 45,494)
Potential owner: William DeWitt Jr. (reported net worth $4 billion)
Notes: Saint Louis has some weirdness in making the jump to D1. Current CEO Jim Kavanaugh is an owner of the MLS side that will begin play in 2022. The club’s current ground at West Community Stadium isn’t big enough, but perhaps a timely sale to Cardinals owner William DeWitt Jr. could see the club playing games at Busch Stadium, which has a well established history of hosting other sports like hockey, college football and soccer (most recently a U.S. WNT friendly against New Zealand in 2019). The competition with another MLS franchise wouldn’t be ideal, like Charlotte, but with a big enough population and cross marketing from the Cardinals, maybe there’s a winner here. Wacko idea: If Busch doesn’t pan out, send them to The Dome. Sure, it’s a 60k turf closed-in stadium, but we can go for that retro NASL feel and pay homage to our nation’s soccer history.
Candidate: Tampa Bay Rowdies
Location (Metro population): Tampa, Fla. (3,068,511)
Time zone: Eastern
Stadium (playing surface, capacity): Raymond James Stadium (Grass, 65,518)
Potential owner: Edward DeBartolo Jr. (reported net worth $3 billion)
Notes: This one makes me sad. Despite having never been there, I see Al Lang Stadium as an iconic part of the Rowdies experience. Current owner Bill Edwards proposed an expansion to 18,000 seats in 2016, but the move seems to have stalled out. Frustrated with the city’s lack of action, Edwards sells to one-time San Francisco 49ers owner Edward DeBartolo Jr., who uses his old NFL connections to secure a cushy lease at the home of the Buccaneers in Ray Jay, the site of a 3-1 thrashing of Antigua and Barbuda during the United States’ 2014 World Cup Qualifying campaign.
Breather. Hey, we finished the Eastern Conference teams. Why are you still reading this? Why am I still writing it? Time is a meaningless construct in 2020 my friends, we are adrift in the void, fueled only by brief flashes of what once was and what may yet still be.
Candidate: Austin Bold FC
Location (Metro population): Austin, Texas (2,168,316)
Time zone: Central
Stadium (playing surface, capacity): Darrel K Royal – Texas Memorial Stadium (FieldTurf, 95,594)
Potential owner: Michael Dell (reported net worth of $32.3 billion)
Notes: Anthony Precourt’s Austin FC has some unexpected competition and it comes in the form of tech magnate Michael Dell. Dell, were he to buy the club, would be one of the richest owners on our list and could flash his cash in the new first division. Would he have enough to convince Darrel K Royal – Texas Memorial Stadium (I’m not kidding, that’s its actual name) to go back to a grass surface, like it did from ’96-’08? That’s between Dell and nearly 100,000 UT football fans, but everything can be had for the right price.
Candidate: Colorado Springs Switchbacks FC
Location (Metro population): Colorado Springs, Colo. (738,939)
Time zone: Mountain
Stadium (playing surface, capacity): Falcon Stadium (FieldTurf, 46,692)
Potential owner: Charles Ergen (reported net worth $10.8 billion)
Notes: Welcome to Colorado Springs. We have hurdles. For the first time in 12 candidates, we’re back below the desired 1 million metro population mark. Colorado Springs actually plans to build a $35 million, 8,000 seat venue downtown that will be perfect for soccer, but in our timeline that’s 7,000 seats short. Enter Falcon Stadium, home of the Air Force Academy Falcons football team. Seems perfect except for the turf, right? Well, the tricky thing is that Falcon Stadium is technically on an active military base and is (I believe) government property. Challenges to getting in and out of the ground aside, the military tends to have a pretty grim view of government property being used by for-profit enterprises. Maybe Charles Ergen, founder and chairman of Dish Network, would be able to grease the right wheels, but you can go ahead and throw this into the “doubtful” category. It’s a shame, too. 6,035 feet of elevation is one hell of a home-field advantage.
Candidate: El Paso Locomotive FC
Location: El Paso, Texas
Time zone: Mountain
Stadium (playing surface, capacity): Sun Bowl (FieldTurf, 51,500)
Potential owner: Paul Foster (reported net worth $1.7 billion)
Notes: God bless Texas. When compiling this list, I found so many of the theoretical stadium replacements were nearly serviceable by high school football fields. That’s insane, right? Anyway, Locomotive don’t have to settle for one of those, they’ve got the Sun Bowl, which had its capacity reduced in 2001 to a paltry 51,500 (from 52,000) specifically to accommodate soccer. Sure, it’s a turf surface, but what does new owner Paul Foster (who is only the 1,477th wealthiest man in the world, per Forbes) care, he’s got a team in a top league. Side note: Did you know that the Sun Bowl college football game is officially, through sponsorship, the Tony the Tiger Sun Bowl? Why is it not the Frosted Flakes Sun Bowl? Why is the cereal mascot the promotional name of the football game? What are you doing, Kellogg’s?
Candidate: Las Vegas Lights FC
Location: Las Vegas, Nev. (2,227,053)
Time zone: Pacific
Stadium (playing surface, capacity): Allegiant Stadium (Grass, 61,000)
Potential owner: Sheldon Adelson (reported net worth $37.7 billion)
Notes: Sin City. You had to know that the club that once signed Freddy Adu because “why not” was going to go all out in our flashy hypothetical proposal. Thanks to my narrative control of this whole thing, they have. Adelson is the second-richest owner in the league and has decided to do everything first class. That includes using the new Raiders stadium in nearby unincorporated Paradise, Nevada, and spending boatloads on high profile transfers. Zlatan is coming back to the U.S., confirmed.
Candidate: New Mexico United
Location: Albuquerque, N.M.
Time zone: Mountain
Stadium (playing surface, capacity): Isotopes Park – officially Rio Grande Credit Union Field at Isotopes Park (Grass, 13,500 – 15,000 with expansion)
Potential owner: Maloof Family (reported net worth $1 billion)
Notes: New Mexico from its inception went deep on the community vibe, and I’ve tried to replicate that in this bid. The home field of Rio Grande Cr---I’m not typing out the whole thing—Isotopes Park falls just within the expansion rules we set to make it to 15,000 (weird, right?) and they’ve found a great local ownership group in the Lebanese-American Maloof (formerly Maalouf) family from Las Vegas. The only thing to worry about would be the metro population, but overall, this could be one of the gems of USL Prem.
Candidate: Oklahoma City Energy FC
Location: Oklahoma City, Okla. (1,396,445)
Time zone: Central
Stadium (playing surface, capacity): Chickasaw Bricktown Ballpark (Grass, 13,066)
Potential owner: Harold Hamm (reported net worth $14.2 billion)
Notes: There’s a bright golden haze on the meadow and it says it’s time to change stadiums and owners to make it to D1. A sale to oil magnate Harold Hamm would give the club the finances it needs, but Chickasaw Bricktown Ballpark (home of the OKC Dodgers) actually falls outside of the boundary of what would meet capacity if 1,500 seats were added. Could the club pull off a move to Gaylord Family Oklahoma Memorial Stadium in Norman, Oklahoma – home of the Oklahoma Sooners? Maybe, but at 20 miles, this would be a reach.
Candidate: Orange County SC
Location: Irvine, Calif. (3,176, 000 in Orange County)
Time zone: Pacific
Stadium (playing surface, capacity): Angels Stadium of Anaheim (Grass, 43,250)
Potential owner: Arte Moreno (reported net worth $3.3 billion)
Notes: You’ll never convince me that Rangers didn’t choose to partner with Orange County based primarily on its name. Either way, a sale to MLB Angels owner Arte Moreno produces a fruitful partnership, with the owner choosing to play his newest club out of the existing Angels stadium in OC. Another baseball conversion, sure, but with a metro population of over 3 million and the closest thing this hypothetical league has to an LA market, who’s complaining?
Candidate: Phoenix Rising FC
Location: Phoenix, Ariz. (4,857,962)
Time zone: Arizona
Stadium (playing surface, capacity): State Farm Stadium (Grass, 63,400)
Potential owner: Ernest Garcia II (reported net worth $5.7 billion)
Notes: We’re keeping it local with new owner and used car guru Ernest Garcia II. His dad owned a liquor store and he dropped out of college, which is making me feel amazing about my life choices right now. Casino Arizona Field is great, but State Farm Stadium is a grass surface that hosted the 2019 Gold Cup semifinal, so it’s a clear winner. Throw in Phoenix’s massive metro population and this one looks like a lock.
Candidate: Reno 1868 FC
Location: Reno, Nev. (425,417)
Time zone: Pacific
Stadium (playing surface, capacity): Mackay Stadium (FieldTurf, 30,000)
Potential owner: Nancy Walton Laurie (reported net worth $7.1 billion)
Notes: The Biggest Little City on Earth has some serious barriers to overcome, thanks to its low metro population. A sale to Walmart heiress Nancy Walton Laurie and 1.6 mile-move to Mackay Stadium to split space with the University of Nevada, Reno makes this bid competitive, but the turf surface is another knock against it.
Candidate: Rio Grande Valley FC
Location: Edinburg, Texas (900,304)
Time zone: Central
Stadium (playing surface, capacity): McAllen Memorial Stadium (FieldTurf, 13,500 – 15,000 with expansion)
Potential owner: Alice Louise Walton (reported net worth $45 billion)
Notes: Yes, I have a second straight Walmart heiress on the list. She was the first thing that popped up when I googled “McAllen Texas richest people.” The family rivalry has spurred Walton to buy a club as well, moving them 10 miles to McAllen Memorial Stadium which, as I alluded to earlier, is a straight up high school football stadium with a full color scoreboard. Toss in an additional 1,500 seats and you’ve met the minimum, despite the turf playing surface.
Candidate: San Antonio FC
Location: San Antonio, Texas (2,550,960)
Time zone: Central
Stadium (playing surface, capacity): Alamodome (FieldTurf, 64,000)
Potential owner: Red McCombs (reported net worth $1.6 billion)
Notes: I wanted to keep SAFC in the Spurs family, since the franchise is valued at $1.8 billion. That said, I didn’t let the Rooneys own the Riverhounds based on the Steelers’ value and it felt wrong to change the rules, so bring on Clear Channel co-founder Red McCombs. Toyota Field isn’t viable in the first division, but for the Alamodome, which was built in 1993 in hopes of attracting an NFL franchise (and never did), San Antonio can finally claim having *a* national football league team in its town (contingent on your definition of football). Now if only we could do something about that turf…
Candidate: San Diego Loyal SC
Location: San Diego, Calif. (3,317,749)
Time zone: Pacific
Stadium (playing surface, capacity): SDCCU Stadium (formerly Qualcomm) (Grass, 70,561)
Potential owner: Phil Mickelson (reported net worth $91 million)
Notes: Yes, golf’s Phil Mickelson. The existing ownership group didn’t seem to have the wherewithal to meet requirements, and Phil seemed to slot right in. As an athlete himself, he might be interesting in the new challenges of a top flight soccer team. Toss in a move to the former home of the chargers and you might have a basis for tremendous community support.
Candidate: FC Tulsa
Location: Tulsa, Okla. (991,561)
Time zone: Central
Stadium (playing surface, capacity): Skelly Field at H.A. Chapman Stadium (FieldTurf, 30,000)
Potential owner: George Kaiser ($10 billion)
Notes: I’m a fan of FC Tulsa’s rebrand, but if they want to make the first division, more changes are necessary. A sale to Tulsa native and one of the 100 richest men in the world George Kaiser means that funding is guaranteed. A move to Chapman Stadium would provide the necessary seats, despite the turf field. While the undersize population might be an issue at first glance, it’s hard to imagine U.S. Soccer not granting a waiver over a less than a 10k miss from the mark.
And that’s it! You made it. Those are all of the independent/hybrid affiliates in the USL Championship, which means that it’s time for our…
VERDICT: As an expert who has studied this issue for almost an entire day now, I am prepared to pronounce which USL Championships could be most ‘ready” for a jump to the USL Prem. A reminder that of the 27 clubs surveyed, 0 of them met our ideal criteria (proper ownership $, metro population, 15,000+ stadium with grass field).
Two of them, however, met almost all of those criteria: Indy Eleven and Miami FC. Those two clubs may use up two of our three available turf fields right from the outset, but the other factors they hit (particularly Silva’s ownership of Miami) makes them difficult, if not impossible to ignore for the top flight.
But who fill in the rest of the slots? Meet the entire 14-team USL Premier League:
Hartford Athletic
Indy Eleven
Louisville City FC
Miami FC
North Carolina FC
Pittsburgh Riverhounds SC
Tampa Bay Rowdies
Saint Louis FC
San Antonio FC
New Mexico United
Phoenix Rising FC
Las Vegas Lights FC
Orange County SC
San Diego Loyal SC
Now, I shall provide my expert rationale for each club’s inclusion/exclusion, which can be roughly broken down into four categories.
Firm “yes”
Hartford Athletic: It’s a good market size with a solid stadium. With a decent investor and good community support, you’ve got potential here.
Indy Eleven: The turf at Lucas Oil Stadium is no reason to turn down a 62,421 venue and a metro population of over 2 million.
Louisville City FC: Why doesn’t the 2017 & 2018 USL Cup champion deserve a crack at the top flight? They have the market size, and with a bit of expansion have the stadium at their own SSS. LCFC, you’re in.
Miami FC, “The”: Our other blue-chip recruit on the basis of ownership value, market size and stadium capacity. Yes, that field is turf, but how could you snub Silva’s chance to claim victory as the first division 1 club soccer team to play in Miami?
Pittsburgh Riverhounds SC: Pittsburgh sacrificed a lot to be here (according to my arbitrary calculations). Their market size and the potential boon of soccer at Heinz Field is an important inclusion to the league.
Saint Louis FC: Willie hears your “Busch League” jokes, Willie don’t care. A huge market size, combined with the absence of an NFL franchise creates opportunity. Competition with the MLS side, sure, but St. Louis has serious soccer history and we’re willing to bet it can support two clubs.
Tampa Bay Rowdies: With a huge population and a massive stadium waiting nearby, Tampa Bay seems like too good of an opportunity to pass up for the USL Prem.
Las Vegas Lights FC: Ostentatious, massive and well-financed, Las Vegas Lights FC is everything that the USL Premier League would need to assert that it didn’t intend to play second fiddle to MLS. Players will need to be kept on a short leash, but this is a hard market to pass up on.
Phoenix Rising FC: Huge population, big grass field available nearby and a solid history of success in recent years. No brainer.
San Diego Loyal SC: New club? Yes, massive population in a market that recently lost an absolutely huge sports presence? Also yes. This could be the USL Prem’s Seattle.
Cautious “yes”
New Mexico United: You have to take a chance on New Mexico United. The club set the league on fire with its social media presence and its weight in the community when it entered the league last season. The market may be slightly under USSF’s desired 1 million, but fervent support (and the ability to continue to use Isotopes Park) shouldn’t be discounted.
North Carolina FC: Carter-Finley’s mixed grass/turf surface is a barrier, to be sure, but the 57,000+ seats it offers (and being enough to offset other fully-turf offerings) is enough to put it in the black.
Orange County SC: It’s a top-tier club playing in a MLB stadium. I know it seems unlikely that USSF would approve something like that, but believe me when I say “it could happen.” Orange County is a massive market and California likely needs two clubs in the top flight.
San Antonio FC: Our third and only voluntary inclusion to the turf fields in the first division, we’re counting on San Antonio’s size and massive potential stadium to see it through.
Cautious “no”
Birmingham Legion FC: The town has solid soccer history and a huge potential venue, but the turf playing surface puts it on the outside looking in.
Memphis 901 FC: Like Birmingham, not much to dislike here outside of the turf playing surface at the larger playing venue.
Austin Bold FC: See the other two above.
FC Tulsa: Everything’s just a little bit off with this one. Market’s slightly too small, stadium has turf. Just not enough to put it over the top.
Firm “no”
Charleston Battery: Small metro and a small potential new stadium? It’s tough to say yes to the risk.
Charlotte Independence: A small new stadium and the possibility of having to compete with an organization that just paid over $300 million to join MLS means it’s best for this club to remain in the USL Championship.
Colorado Springs Switchbacks FC: When a club’s best chance to meet a capacity requirement is to host games at a venue controlled by the military, that doesn’t speak well to a club’s chances.
El Paso Locomotive FC: An undersized market and a turf field that meets capacity requirements is the death knell for this one.
Oklahoma City Energy FC: Having to expand a baseball field to meet requirements is a bad start. Having to potentially play 20 miles away from your main market is even worse.
Reno 1868 FC: Population nearly a half-million short of the federation’s requirements AND a turf field at the hypothetical new stadium makes impossible to say yes to this bid.
Rio Grande Valley FC: All the seat expansions in the world can’t hide the fact that McAllen Memorial Stadium is a high school stadium through and through.
Here’s who’s left in the 11-team Championship:
Birmingham Legion FC
Charleston Battery
Charlotte Independence
Memphis 901 FC
Austin Bold FC
Colorado Springs Switchbacks FC
El Paso Locomotive FC
Oklahoma City Energy FC
Reno 1868 FC
Rio Grande Valley FC
FC Tulsa
With MLS folding the six affiliates it has in USL League One, the league is a little bit thin (especially considering USSF’s requirements for 8 teams for lower level leagues), but seems definitely able to expand up to the necessary numbers with Edwards’ allusions to five new additions this year:
Chattanooga Red Wolves SC
Forward Madison FC
Greenville Triumph SC
Union Omaha
Richmond Kickers
South Georgia Tormenta
FC Tucson
Format of Assorted Leagues – This (like everything in this post) is pure conjecture on my part, but here are my thoughts on how these leagues might function in a first year while waiting for additional expansion.
USL Premier – We’ll steal from the 12-team Scottish Premiership. Each club plays the other 11 clubs 3 times, with either one or two home matches against each side. When each club has played 33 matches, the top six and bottom six separate, with every club playing an additional five matches (against each other team in its group). The top club wins the league. The bottom club is automatically relegated. The second-bottom club will enter a two-legged playoff against someone (see below) from the championship playoffs.
USL Championship -- 11 clubs is a challenge to schedule for. How about every club plays everyone else three times (either one or two home matches against each side)? Top four clubs make the playoffs, which are decided by two-legged playoffs. The winner automatically goes up. I need feedback on the second part – is it better to have the runner-up from the playoffs face the second-bottom club from the Premiership, or should the winner of the third-place match-up get the chance to face them to keep drama going in both playoff series? As for relegation, we can clearly only send down the last place club while the third division is so small.
USL League One – While the league is so small, it doesn’t seem reasonable to have the clubs play as many matches as the higher divisions. Each club could play the other six clubs four times – twice at home and twice away – for a very equitable 24-match regular season, which would help restrict costs and still provide a chance to determine a clear winner. Whoever finishes top of the table goes up.
And there you have it, a hypothetical look at how the USL could build a D1 league right now. All it would take is a new stadium for almost the entire league and new owners for all but one of the 27 clubs, who wouldn’t feel that their property would be massively devalued if they got relegated.
Well that’s our show. I’m curious to see what you think of all of this, especially anything that you think I may have overlooked (I’m sure there’s plenty). Anyway, I hope you’re all staying safe and well.
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Significant Activist Hedge Fund Activity (Last 7 Days)

These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed by significant investors with no intention of influencing management (such as Index funds).
There is always a lot of interest in insider trades, but what a lot of people probably don't realize is that hedge fund activity is probably more predictive of future returns than insider activity. The reason is that hedge funds (a) have large research budgets, and (b) have a choice where to put their money. In contract, insiders have no choice where to put their money, but only when to time their transactions.

New Filings

This table lists new 13D filings in the last week. A new filing does not necessarily indicate a new position, as investors frequently accumulate in advance before reaching the filing threshold.
Date Form Company Investor Shares Ownership Change
08‑26 13D MFAC / Megalith Financial Acquisition Corp. GAMCO INVESTORS, INC. ET AL 195,800 6.13%
08‑26 13D BMSN / Bio-Matrix Scientific Group, Inc. CROSSER DANIEL DEAN 12,364,235 %
08‑25 13D ALXO / ALX Oncology Holdings Inc. Logos Global Management LP 3,080,901 8.4%
08‑25 13D KYMR / Kymera Therapeutics, Inc. BIOTECHNOLOGY VALUE FUND L P 2,630,662 5.9%
08‑25 13D ATROB / Astronics Corp. Boston & Saranac LLC 655,085 9.1%
08‑25 13D PRNB / Principia Biopharma Inc. BIOTECHNOLOGY VALUE FUND L P 5,231,900 15.7% 0.00
08‑25 13D LMFA / LM Funding America, Inc. Craven House Capital North America LLC 150,000 1.1% -95.62
08‑24 13D PSNL / Personalis, Inc. LIGHTSPEED VENTURE PARTNERS VIII LP 7,850,734 24.62% 26.26
08‑24 13D LMFA / LM Funding America, Inc. User-Friendly Phone Book, LLC 1,089,618 21.5%
08‑24 13D BE / Bloom Energy Corporation NEW ENTERPRISE ASSOCIATES 10 L P 13,328,900 11.6% -4.92
08‑21 13D CIFS / China Internet Nationwide Financial Services Inc PX Global Advisors LLC 12,540,000 39.16%
08‑21 13D PFNX / Pfenex Inc. ADAGE CAPITAL PARTNERS GP, L.L.C. 3,000,000 8.75% 68.27
08‑21 13D CMPI / Checkmate Pharmaceuticals, Inc. Longitude Capital Partners III, LLC 1,794,671 8.4%
08‑21 13D AXAS / Abraxas Petroleum Corp. ANGELO GORDON & CO., L.P. 33,445,792 16.6%
08‑21 13D ECR / Eclipse Resources Corp. SOUTHWESTERN ENERGY CO 14,051,904 39.0%
08‑20 13D AXS / AXIS Capital Holdings Ltd. T-VIII PUBOPPS LP 5,702,664 6.8%
08‑20 13D AFIB / Acutus Medical, Inc. Flynn James E 4,775,916 17.14%
08‑20 13D EVH / Evolent Health Inc. Engaged Capital LLC 8,553,155 9.99%
08‑19 13D HWBK / Hawthorn Bancshares, Inc. Ategra Capital Management, LLC 341,843 5.3%
08‑19 13D FBSS / Fauquier Bankshares, Inc. Ategra Capital Management, LLC 359,958 9.5% 26.67
08‑19 13D TXCB / Cang Bao Tian Xia International Art Trade Center, Inc. WANG WEI 18,000,000 16.3%
08‑19 13D CMPI / Checkmate Pharmaceuticals, Inc. Sofinnova Venture Partners IX, L.P. 3,606,707 16.8%

Amended Filings

This table lists amended filings in the last week, and is useful for monitoring changes in existing investments or when a fund closes a position. I have eliminated all filings with less than a 5% change in ownership.
Date Form Company Investor Shares Ownership Change
08‑26 13D/A PRTS / U.S. Auto Parts Network, Inc. Nia Mehran 2,513,542 5.31% -60.37
08‑26 13D/A AVTR / Avantor, Inc. GOLDMAN SACHS GROUP INC 43,483,708 7.5% -26.47
08‑26 13D/A KRTX / Karuna Therapeutics, Inc. PureTech Health LLC 3,406,564 12.8% -29.28
08‑26 13D/A GEOS / Geospace Technologies Corp Nierenberg Investment Management Company, Inc. 552,765 4.0% -21.57
08‑26 13D/A RNVA / Rennova Health, Inc. Lagan Seamus 0 0.0% -100.00
08‑26 13D/A RAPT / RAPT Therapeutics, Inc. COLUMN GROUP II, LP 6,260,997 25.6% -8.24
08‑26 13D/A NDLS / Noodles & Co Chu James Michael 6,186,741 13.4% -5.63
08‑26 13D/A 971378104 / COMMON STOCK Sapphire Holding S.a r.l. 62,150,558 26.07%
08‑26 13D/A STRT / Strattec Security Corp. GAMCO INVESTORS, INC. ET AL 333,513 8.73% 18.94
08‑26 13D/A VAL / LUMINUS MANAGEMENT LLC 24,650,000 12.36% -24.13
08‑25 13D/A SFBC / Sound Financial Bancorp, Inc. STILWELL JOSEPH 289,400 11.2% 17.89
08‑25 13D/A LEU / Centrus Energy Corp. SUBIN NEIL S 1,249,400 11.2% 19.15
08‑25 13D/A GHL / Greenhill & Co., Inc. BOK SCOTT L 2,171,502 11.5% 11.65
08‑25 13D/A ELST / Electronic Systems Technology, Inc. EDCO PARTNERS LLLP 1,797,700 36.3% 7.08
08‑25 13D/A GFF / Griffon Corp. GAMCO INVESTORS, INC. ET AL 4,246,331 7.57% -19.21
08‑25 13D/A ATRO / Astronics Corp. 5096 SARANAC LLC 0 0.0% -100.00
08‑25 13D/A GFF / Griffon Corp. KRAMER RONALD J 3,400,681 6.1% -22.78
08‑25 13D/A AP / Ampco-Pittsburgh Corp. GAMCO INVESTORS, INC. ET AL 2,232,875 15.54% 68.00
08‑25 13D/A MLI / Mueller Industries, Inc. GAMCO INVESTORS, INC. ET AL 3,440,528 6.06% -16.41
08‑25 13D/A RCII / Rent-A-Center, Inc. Engaged Capital LLC 2,918,609 5.4% -45.45
08‑25 13D/A LOV / Spark Networks, Inc. PEAK6 Capital Management LLC 1,574,958 6.0%
08‑25 13D/A SBGLF / Sibanye Gold Ltd ADR GOLD ONE SOUTH AFRICA (PTY) LTD 247,127,452 9.24% -12.08
08‑24 13D/A NBY / NovaBay Pharmaceuticals, Inc. Fu Jian Ping 4,000,000 9.6% -70.91
08‑24 13D/A VAL / LUMINUS MANAGEMENT LLC 32,482,076 16.29%
08‑24 13D/A KAVL / Kaival Brands Innovations Group, Inc. Kaival Holdings, LLC 504,000,000 %
08‑24 13D/A LEAT / Leatt Corp. De Villiers Jean-Pierre 428,206 7.9% -17.71
08‑24 13D/A PRPL / Purple Innovation, Inc. Coliseum Capital Management, LLC 16,956,602 28.1% -28.13
08‑24 13D/A ALYA / Alithya Group inc. GAMCO INVESTORS, INC. ET AL 942,033 1.85% -10.19
08‑24 13D/A LMFA / LM Funding America, Inc. User-Friendly Phone Book, LLC 1,120,038 7.7%
08‑24 13D/A IIN / Intricon Corp. GAMCO INVESTORS, INC. ET AL 515,250 5.77% 12.26
08‑24 13D/A MCC / Medley Capital Corp. Amster Howard 234,802 8.62%
08‑24 13D/A USNA / USANA Health Sciences, Inc. WENTZ MYRON W 8,485,743 40.4% -6.57
08‑24 13D/A SE / Sea Ltd Kerry Group Ltd 16,722,326 4.98% -22.19
08‑24 13D/A CQP / Cheniere Energy Partners, LP Blackstone Holdings III L.P. 205,893,147 42.5% -26.85
08‑21 13D/A PRLE / Paragon Real Estate Equity and Investment Trust LAMBERT PAUL T 758,360 62.67% -5.19
08‑21 13D/A PRLE / Paragon Real Estate Equity and Investment Trust CHOOKASZIAN DENNIS 325,644 41.49% 7.35
08‑21 13D/A PRLE / Paragon Real Estate Equity and Investment Trust Jassem Kathy M 47,666 8.62% 48.36
08‑21 13D/A MPX / Marine Products Corp. ROLLINS GARY W 24,384,082 71.8%
08‑21 13D/A RES / RPC, Inc. ROLLINS GARY W 143,858,959 66.9%
08‑21 13D/A PDSB / PDS Biotechnology Corporation NETSCIENTIFIC PLC 1,282,670 5.76% -20.11
08‑21 13D/A ROL / Rollins, Inc. ROLLINS GARY W 173,173,784 52.8%
08‑21 13D/A MGI / MoneyGram International, Inc. GOLDMAN SACHS GROUP INC 3,465,436 4.8% -23.81
08‑21 13D/A BSQR / BSQUARE Corporation Palogic Value Management, L.P. 1,640,985 12.5% 8.70
08‑21 13D/A BDTX / Black Diamond Therapeutics, Inc. Versant Venture Capital VI, L.P. 6,798,675 18.9% -9.13
08‑21 13D/A VRT / Vertiv Holdings, LLC Class A PLATINUM EQUITY LLC 95,261,955 29.0% -19.44
08‑21 13D/A PRLE / Paragon Real Estate Equity and Investment Trust PILLARSTONE CAPITAL REIT 325,644 41.49%
08‑21 13D/A ABEO / Abeona Therapeutics Inc. SCO CAPITAL PARTNERS LLC 14,540,503 15.8% -67.01
08‑21 13D/A CHNR / China Natural Resources, Inc. Feishang Group LTD 23,857,759 70.2%
08‑21 13D/A BBQ / BBQ Holdings, Inc. Philotimo Fund, LP 1,648,746 17.8% 15.58
08‑21 13D/A HRG / Harbinger Group Inc. Fortress Investment Group LLC 2,465,194 5.7% -16.18
08‑20 13D/A SHRG / Sharing Services Global Corp. BEAR BULL MARKET DIVIDENDS, INC. 5,000,000 2.69% -88.84
08‑20 13D/A HPTO / hopTo Inc. Novelty Capital Partners LP 8,302,476 44.59% 234.76
08‑20 13D/A AXNX / Axonics Modulation Technologies, Inc. Longitude Capital Partners III, LLC 1,983,859 5.0% -54.55
08‑20 13D/A NTLA / Intellia Therapeutics, Inc. Novartis Institutes for BioMedical Research, Inc. 4,352,295 7.4% -13.95
08‑20 13D/A SMRT / Stein Mart, Inc. STEIN JAY 0 0.0%
08‑20 13D/A EARS / Auris Medical Holding AG Meyer Thomas 532,912 8.0% -48.05
08‑20 13D/A KRMD / Repro Med Systems, Inc. Horton Capital Partners, LLC 11,775,919 26.82% -12.98
08‑20 13D/A IDXG / Interpace Diagnostics Group, Inc. Binsalamah Ziyad 0 0.0% -100.00
08‑20 13D/A XEVFX / Eaton Vance Senior Income Trust Saba Capital Management, L.P. 7,864,642 20.8% 7.22
08‑20 13D/A ADVM / Adverum Biotechnologies, Inc. Sonic Fund II, L.P. 4,247,281 4.4% -26.67
08‑20 13D/A PGAS / Petrogress, Inc. Traios Christos P 3,921,817 15.86% -54.94
08‑20 13D/A WHLR / Wheeler Real Estate Investment Trust, Inc. Khoshaba Daniel 1,057,152 10.9% 11.22
08‑20 13D/A UPL / Ultra Petroleum Corp. FIR TREE CAPITAL MANAGEMENT LP 9,357,193 4.69% -30.00
08‑19 13D/A KDP / Keurig Dr Pepper Inc. Maple Holdings B.V. 695,864,122 49.5% -5.89
08‑19 13D/A MCRB / Seres Therapeutics, Inc. Nestle Health Science US Holdings, Inc. 7,892,890 8.8% -48.14
08‑19 13D/A ACEL / Accel Entertainment, Inc. Peterson Karl Mr. 3,155,512 3.75% -30.43
08‑19 13D/A NDLS / Noodles & Co Chu James Michael 6,570,602 14.2% -20.22
08‑19 13D/A AWH / Aspira Women's Health Inc FEINBERG LARRY N 9,105,422 8.77% -16.63
08‑19 13D/A SWAV / ShockWave Medical, Inc. Sofinnova Capital VII FCPR 2,279,829 7.16% -40.33
Source: Fintel.io/activists
submitted by badpauly to StockMarket [link] [comments]

Michaels (MIK) has huge turnaround potential. They made $320 million last year but stock trades at $5. I have 10,000 shares and 1500 call contracts for the March 2020 $7.50 strikes. I think this stock doubles.

Yesterday we killed it with Lumber Liquidators (LL). Everybody said it was a boring stock. Fuck dat. Ladies, we rocked that boring bitch up 30% and if you played the options game you 6x your money by noon. Don't get cocky, but today I got a WSB for you that's even better. And remember, boring can be beautiful. Here's the DD.
Position Screenshots I've gone balls deep into this stock.
The Michaels Companies, Inc. (MIK) has 1260 stores and is the largest seller of art supplies in the USA.
Two years ago the stock was at $27. Now it's at $5. But it won't stay there for long. This is a WSB triple. In fact, in September of last year, the stock went from $5 to $10 in 7 days. In December (2 months ago) it went from $6 to $9 in 12 days. When this thing moves, it rockets.
1) The market cap is $700 million, but the company actually earned $320 million in profit last year. And in the last 12 months it made $327 million. (https://finance.yahoo.com/quote/MIK/financials?p=MIK) It's basically trading for about 2x earnings. The market is giving this company away.
2) The company knows the shares are undervalued and in the last 9 months, it has repurchased almost 12 million of its own shares. As of November 2, 2019, the company had $293.5 million remaining under their current share repurchase program. At this price, that's enough to buy back almost 50% of the company. Last quarterly filing. Remember, RH did a massive buyback in 2017 and caused one of the largest short covering squeezes in history.
3) Bain Capital and Blackstone own a combined 46% of the company according to the latest Annual Report. These are two of the smartest private equity firms in the world. Bain Capital associates still have 3 board seats and the Chairman is a former Blackstone managing director. No joke dudes.
"Affiliates of, or funds advised by, Bain Capital Partners, LLC and The Blackstone Group L.P. (together the “Sponsors”) beneficially owned approximately 46% of our outstanding common stock as of February 2, 2019. As long as the Sponsors continue to hold a significant portion of our outstanding common stock, they will be able to strongly influence or effectively control our decisions, and their interests may conflict with yours or those of our Company."
These guys are real Wall Street players and they will do everything in their power to turn this company around and run the shares higher.
4) The short interest in the company is 48%. WTF. Any rally will cause a short covering waterfall and will send the shares skyrocketing. The shorts have had their way with this stock for a year. It's sick. And this baby is ready for a bounce.
5) The company just hired a new CEO. His name is Ashley Buchanan and he was the Chief Merchant for Walmart U.S. eCommerce. This guy is an eCommerce bulldozer. He will turn the company around. He will officially take over as CEO on April 1, 2020. As part of his employment agreement he was granted options to purchase 500,000 shares and 795,000 restricted stock units. Next year he gets even more options!
"As part of the 2021 annual equity grants and subject to his continued employment, Mr. Buchanan will be eligible for (i) 500,000 options to purchase shares of the Company’s common stock and (ii) a number of restricted stock units equal to $1,666,666 divided by the closing price of the Company’s common stock on the grant date."
This new CEO is getting a boatload of shares, and you can be sure his #1 mission will be to turn the company around so the share price will rise.
The best way to play this is with call options. Buy the March 2020 $5 and $7.50 calls. The company reports earnings on March 17 and these things will be rocking leading up to that date. The $5 calls currently trade for about $0.70 and I think they will easily be worth $3. If the shares go to $10 then the $7.50 strike calls will be worth north of $2.50 (currently trading at only $0.15). That's 16x your investment right there.
The short squeeze on this thing today will be brutal and I think we can easily see the stock up 30%. GLTA
submitted by closethefuckinglight to closethefuckinglight [link] [comments]

Significant Insider Trading Activity (Last 7 Days)

This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information that has not been made public. So for example if there are drug trial results that are bad and not public, insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report.

Largest Insider Buying (Last 7 Days)

Company Count Shares Changed Avg. Price Value Change
MUX / McEwen Mining Inc. 2 100,000
AXS / AXIS Capital Holdings Ltd. 5 575,000 40 23,060,520
GBIO / Generation Bio Co. 3 1,025,000 19 19,475,000
RNA / Prosensa Holding N.v. In Liquidatie 1 950,000 18 17,100,000
ALT / Altimmune, Inc. 1 1,500,000 8 11,310,000
PHD / Pioneer Floating Rate Trust 3 1,065,076 10 10,225,669
CNNE / Cannae Holdings, Inc. 7 248,334 38 9,312,525
BIF / Boulder Growth & Income Fund, Inc. 7 906,998 10 8,676,071
PCVX / Vaxcyte, Inc. 2 343,000 16 5,488,000
CNA / CNA Financial Corp. 3 161,305 32 5,241,553
LCRDX / Lord Abbett Credit Opportunities Fund 1 442,478 9 4,000,000
HCHC / HC2 Holdings, Inc. 4 1,071,833 4 3,953,118
FOX / Fox Wizel Ltd 1 101,556 28 2,873,019
AXDX / Accelerate Diagnostics, Inc. 2 229,572 10 2,193,858
125523CK4 / Cigna Corp 1 5,460 187 1,023,018
AAP / Advance Auto Parts, Inc. 1 7,285 136 991,707
TPL / Texas Pacific Land Trust 4 946 630 595,747
JAX / J. Alexander's Holdings, Inc. 10 115,961 5 560,040
BELFA / Bel Fuse Inc. 1 55,074 10 533,667
BMY / Bristol-Myers Squibb Co. 1 9,174 54 499,983
UBER / Uber Technologies, Inc. 1 15,740 32 497,400
CCEL / CRYO-CELL International, Inc. 29 55,127 8 433,445
VERI / Veritone, Inc. 2 29,390 14 398,634
TFC / Truist Financial Corporation 1 10,000 38 379,800
HMST / HomeStreet, Inc. 2 15,000 23 344,250
AMED / Amedisys, Inc. 1 2,000 167 334,960
SIC / Select Interior Concepts, Inc. 1 79,385 4 317,540
TDG / Transdigm Group, Inc. 1 618 448 276,907
ADS / Alliance Data Systems Corp. 1 5,000 52 257,550
COO / Cooper Companies, Inc. (The) 1 880 283 249,198
UGI / UGI Corp. 1 7,650 32 247,019
VFC / V.F. Corp. 1 3,500 61 211,785
EPD / Enterprise Products Partners L.P. 1 10,000 20 197,000
JMP / JMP Group LLC 1 67,270 3 186,338
ARLP / Alliance Resource Partners, L.P. 1 46,318 4 185,735
ANIX / Anixa Biosciences Inc 3 75,583 2 166,773
EARN / Ellington Residential Mortgage REIT 2 14,833 10 151,714
CADE / Cadence Bancorporation 6 15,465 8 127,876
ACBI / Atlantic Capital Bancshares, Inc. 7 10,877 11 125,006

Largest Insider Selling (Last 7 Days)

Company Count Shares Change Avg. Price Value Change
MNRL / Brigham Minerals, Inc. 34 -24,308,208 13 -327,135,002
BILL / Bill.com Holdings, Inc. 9 -3,950,000 74 -293,287,500
PS / Pluralsight, Inc. 17 -11,645,315 19 -220,248,796
VIRT / Virtu Financial, Inc. 1 -7,000,000 23 -159,250,000
SITM / SiTime Corporation 1 -2,500,000 32 -80,000,000
NET / Cloudflare, Inc. Class A common stock, par value $0.001 per share 6 -2,200,000 31 -68,557,400
ATUS / Altice USA, Inc. 3 -1,703,000 24 -41,644,010
MRTX / Mirati Therapeutics, Inc. 1 -600,000 69 -41,400,000
LLY / Eli Lilly & Co. 10 -212,337 163 -34,593,145
PAYC / Paycom Software, Inc. 9 -82,000 302 -24,724,175
ALLO / Allogene Therapeutics, Inc. 3 -390,984 42 -16,491,046
ROAD / Construction Partners, Inc. 3 -862,500 16 -13,800,000
ENPH / Enphase Energy, Inc. 2 -186,250 50 -9,357,340
BIF / Boulder Growth & Income Fund, Inc. 1 -906,998 10 -8,676,071
INSP / Inspire Medical Systems, Inc. 6 -100,000 83 -8,404,255
FNF / Fidelity National Financial, Inc. 1 -256,181 33 -8,351,501
CHWY / Chewy, Inc. 6 -169,417 48 -8,071,026
ADBE / Adobe Systems, Inc. 3 -19,625 411 -8,064,059
PACD / Pacific Drilling S.A. 2 -13,192,044 1 -6,913,950
HAE / Haemonetics Corp. 10 -73,567 88 -6,455,186
GSHD / Goosehead Insurance, Inc. 18 -77,775 66 -5,035,785
VMW / VMWare, Inc. 2 -32,500 133 -4,333,685
AYX / Alteryx Inc. 8 -30,000 141 -4,260,455
TTGT / TechTarget, Inc. 6 -140,000 29 -4,083,973
AVLR / AVALARA INC 2 -33,000 103 -3,387,816
ESTC / Elastic N.V. 3 -40,000 83 -3,360,448
ACHC / Acadia Healthcare Company, Inc. 2 -122,311 26 -3,164,422
BURL / Burlington Stores, Inc. 3 -15,404 202 -3,115,952
FOX / Fox Wizel Ltd 1 -101,556 28 -2,873,019
OKTA / Okta, Inc. 19 -12,663 186 -2,350,530
SAM / Boston Beer Company, Inc. (THE) 7 -3,497 545 -1,918,823
PLAN / Anaplan, Inc. 5 -43,179 43 -1,863,508
STAA / Staar Surgical Co. 1 -39,215 44 -1,728,205
SNPS / Synopsys, Inc. 1 -8,887 184 -1,633,297
SPT / Sprout Social, Inc 3 -60,000 27 -1,621,237
JCP / J.C. Penney Co., Inc. 9 -4,799,099 0 -1,546,061
FLEX / Flextronics International Ltd. 10 -139,480 11 -1,478,211
W / Wayfair, Inc. 13 -7,543 195 -1,466,339
AGEN / Agenus Inc. 2 -393,125 4 -1,404,716
Count column is number of transactions.
Source: Fintel.io/insiders
submitted by badpauly to StockMarket [link] [comments]

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