Alex1Powell's Categories

Alex1Powell's Authors

Latest Saves

AMERICAN DREAM 2020
BLUE SKY PROJECT VAULT 2
by @Motivation724 @AMERICASDREAM24

"SPECIAL SHOWCASE"

#M724blueskyvault
#M724vaultspecial1


https://t.co/Z9OFC1csCk


https://t.co/iptAO5Mitu


https://t.co/UjW9J5F4u9


https://t.co/GfKLHIOISS
I've been asked if I'm back involved in $UMDK given the apparent improvement in financials in the 1H PnL.

The short answer is NO. Of course this is not investment advice, DYODD, and I have no position in the stock either way but...

THREAD


I dumped this and moved on when the lack of disclosures + impossible to understand W/C moves made this simply a 'too hard' bucket for me. Post 1H, the qs remain...

I originally thought this biz was levered to rising adoption of Payback, through a licensing/low-touch take-rate type model. That apparently is not the case. Instead most of the growth is from the new 'consulting' segment - but there is no disclosure of what that entails...

...Nor is there disclosure of any clients; nor the revenue split b/w commerce/consulting and the legacy biz; nor any attempt at explanation for how the biz has suddenly exploded in growth...

...meanwhile of course receivables/payables improved HoH but keep in mind the AG (holdco/top level) entity still has essentially zero cash...and all the cash generated by the biz (apparently) sits in an (unaudited) sub...

I'm not casting aspersions but this is 🤔🤔
I have said all I have to say on #BBIreport, which is:

1. It's a waste of Kenyan's time and precious intellect to spend it on the tantrums of malignant narcissists. We should be working where our talent and skills call us to, but we're doing damage control and #bullshitjobs.


We have to have a country where Ndii's talent is used for our economy, not on campaigning to protect Kenya from Muigai's latest tantrums. Or where doctors are employed and working, not doing locums or being jobless while Cuban doctors get cars. #bbireport


2. The political class is useless. It has no talent or skills, and it cant work. It is always looking for ways to make Kenyans work and performing rituals of power and relevance that kill enough of us to truamatize the rest of us. That's all #BBIreport is.

3. Our youth are are either underemployed or in #bullshitjobs, or being told to be entrepreneurs, only for KRA to invent new taxes and GoK to invent laws to protect cartels. #BBIreport attributes youth's problems to ethnicity and says solution is power sharing by the dynasties.

4. I don't think I can say anything more about #BBIreport than I've already said. The BBI-stans have no argument, and have been resorting to force, emotional blackmail and ultimatums. They have the force of the state but I have what they crave and will never give: my acceptance.