1) We are short CleanSpark $CLSK. Our full report is now available at

2) CleanSpark $CLSK claims to be a clean energy software company which is "changing the face of energy markets globally." We think CleanSpark has habitually lied about its supposed customers and contracts, many of which we've found simply do not exist.

3) In August, $CLSK claimed "project deployments to be executed as part their exclusive [ILAL] agreement" to install microgrids for 252 homes in Valle Divino, Mexico. We visited Valle Divino and found an empty wasteland, emblematic of CleanSpark's promises to investors.

4) Similarly in January 2020, $CLSK touted a contract with Shoreline Schools, which analysts now estimate could lead to $3M in revenues. We simply asked Shoreline, whose rep told us that the plans contemplate just $300,000 worth of revenue, a mere 10% of these claims.

5) This is nothing new; $CLSK once claimed to have "designed a best in class microgrid solution" for Green Dragon, a cannabis operator. We again reached out to Green Dragon who told us, point blank, that no business was ever done and $CLSK fabricated it. We include those emails.

The Megaphone Report for Wednesday, January 13.

Today’s report is an Oxford University / AstraZeneca vaccine special. First - Australians deserve the most expensive of vaccines.

The purchase of the vaccine is compared to the NBN rollout and corruption is suggested.

Corruption was a running theme connected to the AstraZeneca vaccine purchase - especially in relation to D. Sharma.

Brand shopping was another theme, with demands that Australians must have the best.

$TSM: Fueling the Future of Computing

Taiwan Semiconductor Mfg. Co. (TSMC) has become the leading manufacturer (fab) of semiconductor chips by capitalizing on a series of egregious missteps at $INTC

This is *not* a buy rec, but rather info for when it's actionable

A thread👇

1/ The Basics

The first "pure-play" foundry -> enabled the rise of the "fabless" (i.e. design-only) industry

A foundry ("Fab") manufactures microchips (integrated circuits "IC") for customers such as fabless chip companies.

Fab only = sole focus on better process technologies

2/ First Mover

The leader in chip mfg. is the fab that can get to the next “process node” first

Process Node (“Tech”): Used to indicate feature size of transistor - > now marketing tool for chip generation

As @GavinSBaker wrote in Jan '19, TSMC passed INTC at the 7nm node

3/ Market Overview

All electronics = powered by semis

3 Types of Companies:

1. Integrated Device Mfgs. (“IDM”): $INTC, KOSE: A005930, $TXN, $MU

2. Fabless: $NVDA, $AMD, $QCOM, $AVGO

3. Fabs: $TSM, $UMC, $SMICY, GF

Market Size: Semis power all electronics…

4/ Technology Advantage

Tech dominance while other foundries can’t keep up (GF dropped out at 7nm)

Tech advantage -> customer additions ($AMD from GF)

1) 5nm already in production
2) Specialty tech (5G)
3) Advanced Packaging

TSM: 52% market share

Manu leader + Ecosystem

Show me an easier way to make $5000 a month.

This will literally make you $250-$500/hr on weekends depending on your speed and skills.

\\ A Thread \\

Straight to the point.

Go to Instagram.

Filter for 'influencers' (10K to 500K followers).
Do not go for general meme page.

Target the people who have already marketed something on their page & there is no link in their bio.

You found your prospect.

you can pick a niche if you want.

- Fashion
- Food
- Travel
etc.

If they have an option to email them, write a cold email with great first line. @blackhatwizardd & @THETYFRANKEL are the guys you need to study for it.

Bring them on the phone by your email.

Most of these people want to showcase themselves.

Now what is the thing we are selling?

- Landing Page

Convince them that a professional influencer should have a personal branding. This landing page will serve the purpose.

It will be a medium of communication with marketers.

It can showcase your work.

Charge them $1000 for the landing page.

Now you do not know how to create a landing page, you can use Webflow(learn through youtube) drag and drop.

create 10-15 swipe files for your reference. segregate them based on theme.

- Fashion
- Food
- Travel
etc.

1.Evolution is our top pick heading into February. We assess the company’s moat and long-term growth rate as highly misunderstood and often viewed upon with, in our view, undeserved skepticism.

2.We view the acquisition of NetEnt as a rare combination of revenue and margin expansion with tangible opportunities to leverage upon. It is our understanding that Evolution will further strengthen the offering and move more towards becoming a one-stop-shop for operators.

3.With the help of NetEnt’s offering, Evolution will be able to penetrate new markets faster. Furthermore, we assess that Evolution, who are known for their innovation, will infuse new life into NetEnt’s own product line.

4.We also see synergies from the acquisition on the cost side. Evolution’s management is renowned for running a tight ship with a focus on profitability, something we got a glimpse of as they announced a large restructuring on the day of the acquisition.

5. In addition, from our research, Playtech’s largest competitive advantage compared to Evolution is its ability to offer more services than just live casino.

The truly violent nature of the US neoliberal bipartisan political establishment is revealed in its commitment to funding racist, militarized police forces above funding healthcare & housing. The same ones who scoff at “defund police” also scoff at funding universal healthcare 1/

They put immense energy toward maintaining a veneer of “civility” by wearing high-priced suits, adhering to a certain decorum with one another & engaging in performative governance. But their policies, words & actions reflect the truly violent nature of their character. 2/

These are people who see little distinction between property & human life, particularly the lives of the poor, nonwhite &/or marginalized. It’s not surprising—given that this is the value system of those who established the nation in the first place,... 3/

...that those most comfortable in the modern day establishment would share this same general viewpoint.

These are not individuals who oppose violence in principle but who instead want to monopolize the use of violence in their roles as gov’t officials & the political class. 4/

What ultimately made the Trump era disruptive to the bipartisan establishment wasn’t racism or violence—the establishment upholds both & he still enjoys support from the majority of Republicans and white voters—but that there was no veneer of civility. 5/

1/ THREAD: Long ImmunoPrecise Antibodies (IPA- Nasdaq)
$IPA is my largest holding since mid-2020, I haven't sold a share

This thread is just the peak of the iceberg as IPA has made such progress that highlighting all on a thread isn't possible, apologize for lots of omissions

2/ IPA is composed of 2 businesses:

The CRO (Contract Research Organization) and Talem Therapeutics.

Both the CRO and Talem are on fire. The CRO is growing at +50% with GM of 60% and Talem (drug discovery company) has several programs with some about to start Phase 1.

3/ Current Market CAP 315MCAD /250M USD
SO: ~16M
Rev run rate ~20M CAD- Growth 50%
Cash: 16M CAD

4/ Let’s start with the CRO. In the antibodies space, IPA is the ONLY CRO that offers a complete end-to-end service from concept to clinical trials

5/CRO's revenues are growing at 50%, with 60% gross margins (the CRO industry has ~12%margins), IPA has more than 70% of the top 20 pharma as clients, more than 500 total clients, EBITDA positive, $16m in cash and run rate revenues of ~ $20M for this fiscal year

Here’s what happened so far -- and how GOP is misreading.

Biden puts out $1.9 trillion relief bill, indicates he’s open to negotiation w/GOP and want’s bipartisan bill, while stressing urgency.

GOP slams it, pretty much says it’s dead on arrival. But...

…GOP doesn’t offer a counter-proposal/engage in negotiation. A typical McConnell move, and he’s clearly directing.

They expected that Biden would come back again with yet another pared down proposal, thinking we’re in 2009 or something.

But he doesn’t.

Instead, Democratic leaders indicate they’ll do it via budget reconciliation, 51 votes, if GOP doesn’t want to get aboard.

Biden reiterates he’d like it to be bipartisan, but if that’s the way it’s got to go, so be it.

No ifs, ands, or buts.

Susan Collins then faints on the couch — feels “betrayed.”

Betrayed for what? Not having a Democrat bow to her?

Of course she’s sent out as a McConnell stalking horse.

But that doesn’t work either.

So very concerned Susan Collins writes a letter to Biden with several other faux-moderate GOP senators, finally offering a counter-proposal because they’re desperate, their plan backfired and don’t want to be seen not signing a relief bill.

Would you start your career as a model validator in a major bank if you hope one day to become a front office quant?
@GARP_Risk @actuarynews
@Actuary_Dot_Org @actuarialpost
@iSixSigma @artemisbm @SOActuaries
@CQFInstitute @aier @CFAinstitute

Many Financial / Middle Office Risk and other Quantitative Economics/ Financial Market-led research roles interface at one level or the other across FIs.
I don't know if a bank uses Employee Rotation, to foster employee learning, training and development across the 3LOD Model?

But, most of the banks, in the Advanced Markets, to use job rotation as a tool, to disseminate professional knowledge and understanding of financial market operations, among their employees.

I started my career as a Derivatives Dealer in the front office, but later ended up in the Middle Office Risk Control Unit, and further onwards in my career, moved directly into the Front Office, as a Fund Portfolio Risk Controller

Model Risk Assessment and its Validation now exists as an independent function among most of the large banks, funds and insurance firms.

Voting on the first $ZIL governance proposal has just ended. The proposal has passed with a resounding YES, which means that the community has now agreed on the rules for future decision making.

Time to analyze, introspect and see how to make this better next time. A thread 👇

1/ 348 different wallets voted. It may appear to be low given that 25,304 were holding $gZIL before the voting started. But, if you compare with other projects, it is in fact quite high. The last voting on YAM had 4 participants, 177 on YFI, 91 on SUSHI, 30 on UNI and 8 on SNX.

2/ Since 1 $gZIL = 1 vote, the total number of $gZIL used for voting was around 26,694, while the total number of $gZIL captured in the snapshot was 130,481. This translates to around 21% $gZIL being used for voting. The largest voter had 2,479 while the smallest had 0.002 $gZIL.

3/ In order to better understand the voter diversity, we looked at their $gZIL holding. As you can see, only 1% of voters who hold less than 200 $gZILs voted. And generally speaking, it looks like the voting participation was high among those who hold larger number of $gZILs.

4/ As pointed out by @jdune23, one explanation for low participation among users in the smallest $gZIL holding group could be that most of them are staking via Moonlet or Atomic. There was no straightforward way for them to vote.

I devoured 50 years of Warren Buffett shareholder letters.

The result?

12 timeless principles from the greatest investor in the world.

Here are the golden nuggets🧵

The Orangutan Effect

"If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself."

Teaching others actually teaches yourself.

2022

The Faulty Premise Framework

“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.”

Beware your comparison set.

Are you judging crappy relative performance or absolute results?

1985

Pick the Right Business Boat

The business boat you get into is more important than how effectively you row.

“When a brilliant management team tackles a business with a reputation for poor fundamental economics, the reputation of the business usually stays intact.”

1985

A Rising Tide Doesn't Lift All Bonuses

"Good performance should be rewarded whether Berkshire stock rises or falls.
Average performance should earn no special rewards even if our stock soars."

Judge for individual performance or risk free riding on group success.

1986

POINTS RELATED TO #MSP

1) MSP does not have any legal backing till now and farmers can't demand it as a right. Its just government policy and an administrative decision to purchase food grains at MSP. And govt can't even force private players to provide MSP. 👇

And even the new Farm Bills does not mention "MSP" or " government procurement".

CACP, which recommends MSP, is again not a statutory body and its just an office attached to Ministry of Agriculture. CACP just recommends MSP but the decision on fixing and even not fixing 👇

and its implementation lies with Govt.

See there are two things, ONE is declaration of MSP and the SECOND is procurement of food grains at MSP by Govt. Agencies. The declaration of MSP has no meaning (its worthless) if Govt. agencies are not procuring at MSP. 👇

Govt. declares MSP for 25 crops but procurement mainly happens only of Wheat and Rice from Punjab and Haryana. Its practically impossible to purchase the entire 25 crops from all over India at MSP. And there is whole lot of CORRUPTION in FCI MSP operations and govt. 👇

is loosing lakhs of crores of rupees every year in subsidy, not resulting in any benefit to poor but helping only few big farmers. THAT IS WHY GOVT. don't want MSP to make a LEGAL RIGHT.

2) Why farmers are scared about the agri reforms???👇

January is named after the Roman two-faced god #Janus. It’s time to look back at what you’ve achieved and look forward to what you’ve got to do.

3 solid reasons to review your #financialplan in 2021. Are you confident that your financial plan is still relevant and adaptable? Are you in the best of #financial health?

You are not the only one influencing your #financial future! We show you how the world is influencing your financial outcomes. Tell us how you tackled these changes in the comments below!

We recommend reviewing your plan every year. What we’ve done for clients during reviews. To review your #plan today call +919500027285!

#financialplanning

What triggers people to take #financialplanning seriously?
1. Medical emergency
2. Career transitions

1/ Hey guys, remember that time Steve Bannon ran an army of game virtual currency miners in Asia, for sale to westerners at discount prices, arbitraging attention for profit?

That was

2/ “The company was founded by former child star Brock Pierce, and Bannon was an investor. Bannon managed to convince Goldman Sachs to plow $60 million into a company that sold imaginary goods in an imaginary world.”

In 2020, Brock Pierce ran for President. Guess who...

3/ was Pierce’s campaign manager?

Brittany Kaiser, the fake whistleblower who left Cambridge Analytica in late March 2018 — right *after* it blew

4/ Guess who was all excited about today’s $GME activity? Steve Bannon and Russia shill, Jack Posobiec. They called it a “populist uprising against Wall Street.” That’s cool... just leftists, Steve Bannon, and Russia shills cheerleading for the same stuff. It happens...