Comedy Republic's Replay Festival returns this July with its biggest program yet - and to celebrate, we're taking you back to 1990s' prices for a limited time only!
Discover the award-winning shows, sold-out seasons, critics' favourites, and indie breakthroughs that had everyone talking - from just $18.
Dive into the full program below!
​
Launch deal sale ends Wednesday 31 May 11:59pm or until allocations are exhausted.
https://www.comedyrepublic.com.au/events?s=replay+festival
​
​

Best In Show: Award Winners & Nominees Showcase

Part of Replay Festival

Tuesday 4 July, 7:30pm
Comedy Republic proudly presents Best In Show, a one-off showcase of the award winners and nominees from the Melbourne International Comedy Festival. This year’s lineup promises an incredible array of Australia’s most ingenious emerging comedy stars.
Gillian Cosgriff, winner of both the Most Outstanding Show Award and the Golden Gibbo Award, joins Best Newcomer Award winners Aiden Willcox & Isaac Haigh, RAW Comedy National Grand Final winner Henry Yan, and Golden Gibbo nominees Woah, Alyssa, Con Coutis, and Andy Balloch. All hosted by the 2022 Best Newcomer winner Frankie McNair.
Discover why these comedians were the judges’ top picks and experience a hilarious night of forward-thinking ideas.
​
https://www.comedyrepublic.com.au/event/38:206/38:449/

Preface :

In the realm of real estate, one name stands out for its commitment to excellence and invention — Kolte Patil Vashi. As a famed property inventor, Kolte Patil has been necessary in shaping the geography of Vashi, offering luxurious and strictly drafted parcels that review ultramodern living. With a loyal focus on client satisfaction, quality construction, and sustainable development, Kolte Patil Vashi has earned a character for delivering dream homes that surpass prospects.
https://preview.redd.it/0ouzcl4v3y2b1.jpg?width=603&format=pjpg&auto=webp&s=38a727d8dab554e11742d9c8ed69681f35e451e8

Unequaled Artificer :

Kolte Patil Vashi understands that a home is further than just bricks and mortar; it's a reflection of one's bournes and a sanctuary of comfort. With an unvarying fidelity to artificer, the company ensures that every aspect of their parcels is courteously designed and executed. From the architectural sensations that blend seamlessly into the surroundings to the finest detailing that enhances functionality and aesthetics, Kolte Patil Vashi leaves no gravestone unturned to produce homes that transude luxury and fineness.

Innovative Designs :

What sets Kolte Patil Vashi piecemeal is its capability to embrace invention and push boundaries in design. Each design reflects a unique mix of contemporary styles, cutting- edge technology, and sustainable practices. Whether it's the smart home features that streamline diurnal living or the eco-friendly enterprise that promote a greener life, Kolte Patil Vashi stays ahead of the wind, setting new marks for the assiduity. The company's commitment to invention ensures that residers witness the true substance of ultramodern living.

High locales :

Kolte Patil Vashi understands the significance of position when it comes to choosing a home. The company precisely selects high locales that offer convenience, connectivity, and a vibrant life. Vashi, a flourishing exurb of Mumbai, is a evidence to this vision. With its propinquity to essential amenities, excellent educational institutions, healthcare installations, and entertainment options, Kolte Patil Vashi parcels enable residers to live life to the fullest. also, the well- planned structure and flawless connectivity insure easy access to major business capitals, making these parcels an ideal choice for professionals.

Client- Centric Approach :

At the core of Kolte Patil Vashi's success lies its unvarying commitment to client satisfaction. The company believes in erecting long- lasting connections by understanding the unique requirements and preferences of its guests. From the original discussion to the final handover, every step of the homebuying trip is strictly planned and executed with utmost professionalism. Kolte Patil Vashi's client- centric approach extends beyond the trade, with devoted post-sales services and a responsive support system, icing that residers feel valued and watched for.

Sustainability and Environment :

Kolte Patil Vashi recognizes the significance of sustainable development and environmental conservation. The company integrates eco-friendly practices in its systems, similar as rainwater harvesting, waste operation systems, and energy-effective designs. By prioritizing sustainability, Kolte Patil Vashi not only reduces its ecological footmark but also enhances the well- being of its residers. Living in a Kolte Patil Vashi property means embracing a life that harmonizes with nature and promotes a greener future.

Conclusion :

Kolte Patil Vashi Navi Mumbai has established itself as a leading property inventor, setting new norms of excellence in the real estate assiduity. With its unvarying commitment to artificer, innovative designs, high locales, client- centric approach, and sustainability, the company continues to transfigure dreams into reality. However, style, and convenience, If you're in hunt of a luxurious home that offers the perfect mix of comfort. With their remarkable portfolio and unwavering fidelity to client satisfaction, Kolte Patil Vashi remains a trusted choice

This is part 2 and a continuation from this post (unable to link, see my post history for "GMERICA: SEC & BK Court Filings Reveal Carl Icahn As The Mystery Buyer & TEDDY IPO Coming") about Unitholders or should I say Unithodlers?
Disclaimer: I am not a financial advisor and this is not financial advice.

Preface: GMERICA Bull Thesis

What are units?
In part 1 (see post hx GMERICA: TEDDY IPO), I discovered how a unit may contain multiple securities combining GME and IEP and that the transaction is currently being handled by Jefferies which links all 3 companies: GME, IEP, BBBY = GMERICA.
Furthermore, I believe these units will be used in the $BBBYQ chapter 11 bankruptcy restructuring for a leveraged buyout (LBO) deal involving cash and a [unit] share swap to either (1) purchase BBBY, or (2) just the subsidiary asset buybuyBABY, the crown jewel -- towards the end of this post, I will clarify what will most likely happen as a result.
Upon completion of the LBO, a carve-out of buybuyBABY will then initiate a SPAC IPO to launch TEDDY into a new public company. This is the end goal.
According to the SEC: Warrants. A SPAC IPO is often structured to offer investors a unit of securities consisting of (1) shares of common stock and (2) warrants.
Common stock and warrants are currently involved in the buyout of Bed, Bath, and Beyond and has been mentioned in the ch11 court docs. Basically, the SPAC IPO is a vehicle that will deliver the units to the buyer of BBBY.
This carve-out of buybuyBABY from BBBY will force shorts to close.
How? Shorts will be forced to deliver units (shares of $GME x $IEP x $BBBYQ) and new TEDDY shares to the shareholders at all 3 parent companies: Bed, Bath, & Beyond, GameStop, and Icahn Enterprises LP.
Moving forward, I will now refer to these future shareholders as Unithodlers or simply GMERICANs, who will become owners in the new company TEDDY in a post-SPAC IPO.
This is my bull thesis for GMERICA.
Now for the endgame play.

The King's Empire Under Siege

Carl Icahn's $IEP empire is directly under attack by shorts, MSM, and SEC investigation.

FYI- IEP is a holding company that directly controls and owns companies in 7 industries with 14 board members in other public companies.
It is a conglomerate and makes me think of the Iron Bank from the Free City of Braavos in Game of Thrones. And Icahn will have its due.

The attacks on IEP are playing out exactly as Dr. Patrick Byrne once said (credit EnvironmentalPlan870):
​
OSTK CEO confirms everything that is currently happening to IEP
​
But why are they attacking?
See part 1 (see post hx GMERICA: TEDDY IPO) and the section under "A Master Fund for Handling Units", then this next part will make sense.

The HindenNothingBurger & its Blitzkrieg Report of Destruction

A shorting-selling hedge fund named Hindenburg Research released a self-serving report on IEP claiming that the company is operating a pyramid scheme which has caused the stock price to collapse -- to All-Time 5 year lows.
​
IEP stock collapsed by -70% to 5 year lows
On the outset, it looks like a classic short and distort campaign but the motives are actually much more nefarious.
First, IEP is majority owned by Carl Icahn where he holds a staggering 84% stake in the company which would make one wonder - where are shorts getting shares if Icahn owns most of it?
The simplest answer: Illegal naked shorting, or selling shares in a company you don't own. It's called stealing.
Second, the real reason why shorts have laid siege to Carl Icahn's empire is out of desperation and a feeble attempt to dethrone the King. Here, this will explain, from IEP's 10Q filing:
​
From IEP 10Q filing, pg 48 - Depository Units & Risk Factors
​
TLDR; 10Q Summary

• Carl Icahn controls the publicly traded company $IEP LP (limited partners) through a private company called IEP GP (general partner, or the controlling manager of the LP)
• Carl has pledged 202M depository units from $IEP to get a loan worth up to $4.17B (for LBO)
• $IEP is aware of the shorts attack on the company and have released this 'Risk Factor' notice
• Shorts are trying to force a Margin Call on Carl's position on the loan
• Shorts are attempting to lower the Unit share price of $IEP in hopes of triggering a Forced Liquidation and removing Carl, the controlling person as GP of $IEP

The siege began on May 2, 2023, at the same time Hindenburg's Short Report was released:
​
The Blitzkreig Short Report masking the Swap that has been Activated
​
And of course, now it looks like a swap has been setup to anchor the $BBBYQ rocket while suppressing $IEP stock price. Credit for technical chart to Charoenlai:
​
Shorts setup a swap on $IEP & $BBYQ, kinda like the meme stock basket of $GME vs. the world to prevent these rocket(s) from flying
Basically, Icahn knows. Pulte knows. And Cohen knows:
​
Ryan Cohen likes Pulte's tweet on the Shorts Strike Back (simulation confirmed)
In my first post that seeded GMERICA (see my post history for GMERICA: Whale-Financed), I wrote about Carl Icahn the OG Activist Ape aka MSM-dubbed Corporate Raider:
​

Icahn has a track record of success and here's what he said in a letter to shareholders of his company on June 6, 2022:
"My activist engagements have generally produced exceptional results. To elaborate, our activist activities have created close to $1 Trillion in value for all shareholders in the aggregate who’ve held or purchased stock when we did and sold stock when we did. I believe our record unquestionably proves that holding CEOs and boards accountable to shareholders manifests great results."

This man fucks and shorts are about feel it:
​
Carl Icahn hits back: \"He's planning something that these guys will never forget.\" -oops, MOASS
But will it be the Bull King that raids these shorts or will it be someone else?

Enter: The Prince of 69D Chess

Much focus has been on Carl Icahn but few know about his son, Brett Icahn:
​
The father, master strategist and the protégé son playing Chess
The image above is from an HBO documentary & movie called: The Restless Billionaire. The movie details the life of activist investor Carl Icahn and the story behind all the companies that he acquired. It truly is inspiring and I highly recommend watching.
In one scene, Carl says the following:

"I'll say this about Brett, he's much more low-key than I am. But he's one of the most obsessive characters, and he'll work very hard at something, extremely hard, especially if it means beating me at something."

The movie also reveals how Brett and Carl used to routinely play chess but stopped because Brett became too good, and kept winning against Carl.
Brett introduced Carl to tech stocks, starting with Netflix then Apple and now GMERICA (more on this below). Brett admits he received a privileged start but learned to swim on his own when Carl gave him a challenge.
Brett wanted to manage money but had to prove himself by working for free: no salary, no bonus, and no income until he could generate a 7% return, first for Carl, then Brett would get paid later.
In 2012, Carl invested into Netflix on behalf of Brett's recommendation and later in 2015 generated a return of $2.2 Billion, one of Carl's best investments. That success enabled Brett to launch his own fund and start the Sargon Portfolio.
​
https://fortune.com/2015/06/25/how-much-icahn-made-on-netflix/
Carl tweeted at 7:41am and Netflix did a 7 for 1 stock split. This is 741 on 741 and might just be the best Fortune I've come across.
Now, back to the SEC filings, so you can see how this Saga took form.

The Succession Plan Where Only The Young Can Ascend

Brett continued to gain success and at one point, he wanted to go independent. However, Carl made him an offer to take over the family Empire and on October 1, 2020 the succession plan began:
​
Succession plan initiated for Brett Icahn, the Princes of 69D Chess to take over $IEP Empire
I will TLDR summarize these filings in the next section.
​
Terms of the succession plan and Manager Agreement
Again, I will TLDR summarize these filings in the next section.
​
https://preview.redd.it/kynqdqko2y2b1.png?width=1160&format=png&auto=webp&s=9b51ca3fe21fa491a4e150ef20b04f019335f6d4

TLDR; Summary of Succession Plan & Ascension to the Throne

• Brett Icahn enters into a Manager Agreement where he becomes the "employee" under a single-member LLC known as Isthmus and serves the "employer" $IEP LP to direct investments
• Brett becomes the Investment Fund ("Fund") manager and controls all investments as General Partner via Icahn Capital.
• The Funds are comprised of IEP depository units put up as collateral for loans, including other private investments or entities, and funds from Affiliate parties to IEP -- remember this part for later.
• Simply said: there's a lot of money involved in the Billions as a massive pooled investment by private equity. This a raid party of Activist Investors that you don't wanna fuck with it.
• Brett purchases $10M of depository units from $IEP to start his fund via Mesa & River Portfolios.
• Icahn Capital hires 3 portfolio managers (PMs) to assist Brett, they are: Gary Hu, Andrew Teno, and Steven Miller. Each have designated roles to assist in research, analysis, and evaluating investments. These hired PMs have extensive backgrounds in finance, debt, and special or complex transactions. Additionally, the PMs graduated top of the class from Ivy league colleges and have sat on boards of companies like Xerox, Bausch + Lomb, Newell Brands -- so they know their shit.
• The Buying Ratio sets the investment terms with a $39:1 ratio which caps out per transaction. For the "employee" Isthmus, that is $7.5M investment with a matching "employer" investment up to $292.5M for combined $300M maximum per investment transaction -- remember this for $BBBYQ later. Think of this like working for an employer and every time you contribute to a 401k, then your employer matches, except this is for investing into public companies and your company co-invests with you.
• The succession plan requires Brett to work for free again, to prove that he is capable of generating a return for the company and he must complete the task in 7 years or less to become Chairman.
• Brett is promoted to a director in IEP GP which is the private and controlling company to $IEP. Therefore, Brett directs how the Funds are invested on behalf of his father's empire, and/or with his father.
• Bottomline: The Prince is in control of the Empire, its vast resources, and he must prove his worthiness to the King. Now, let the Activist Raids begin.

With a succession plan in place and structure set up, the next step was to find a target company that desperately needed saving from the abusive naked shorting hedge funds.

Activist Raiders Set Sail to GMERICA

Somewhere along the way, Ryan Cohen and Brett Icahn met. Perhaps long before the succession plan was activated:
​
Brett Icahn was involved in the gaming industry in 2010
Brett was a board member of Take-Two Interactive, makers of the Grand Theft Auto game franchise, so it would be safe to say that Brett knew a thing or two about the Gaming Industry and its growth-rate.
This is supported by the fact that Carl admitted he was not into tech stocks therefore Brett likely suggested Take-Two as an investment to his father, just like Netflix.
The Apple doesn't fall far from the tree.
​
Robbie Ferguson of IMX tweets an infographic of 10% YoY growth-rate of Gaming
I wonder if Brett and Robbie know each other, probably.
Then there's this timeline of cohencidences too (Brett has a detailed history of involvement and familiarity with NFTs, crypto, and blockchain tech):
​
Unverified Brett Icahn twitter account but the timeline is interesting. Still, I kinda like this Brett, no chill on tweets and out there blasting everyone.
P.S. someone had to take that photo of Ryan Cohen and Carl Icahn, guess who?
You're goddamn right.

Enter GameStop: Prelude to GMERICA

One month after IEP's succession plan (Oct 1, 2020), Ryan Cohen writes a letter to GameStop board on November 16, 2020:
​
RC Ventures letter to GameStop board
Take notice of the first sentence: RCV with AFFILIATES - like the same Affiliates that just raised a massive Multi-Billion Dollar pool of Investment Funds for Investor Activism and acquiring companies.
Are you starting to see where this is all going?
With a turnaround plan successfully implemented into GameStop, the company was able to escape Cellar Boxing. However, it was not entirely free due to swaps as covered by criand's meme stock basket DD.
I believe in the first half of 2021 and post-sneeze, most of the Activism plans were just formulating since GameStop was still in dire straits up until June 2021. And that's when a second sneeze occurred which allowed GME management to conduct an At-The-Market share offering with Jefferies as the handler which generated a $1 Billion Dollar War Chest to finance the development of GameStop NFT marketplace and create the foundation to build a Web 3.0 Metaverse world in 2022.
With one target company acquired and stabilized, it was then time to move onto the next.

Enter Blood, Bath, Beyond: 69D Rugpull

When systemic corruption in the markets were exposed from the Jan 2021 $GME sneeze, an international community of diamond-handed apes were borne from the aftermath, and were ready to gobble up entire company stock floats then Direct Register the Shares in their name (DRSGME.org & WhyDRS.org).
After GameStop, the Activist Investors set their sights on the next target company $BBBY and once again, RC Ventures wrote a letter to the board at Bed, Bath, and Beyond on March 6, 2022:
​
RC Ventures letter to $BBBY board
There it is again, the Activist Investors and their Affiliates show up to acquire another company.
Except this time they want to spin-off the buybuyBABY to pay off debt in the parent company, with a goal to evaluate a Full Sale to a Well-Capitalized Acquirer.

FYI- as of 4/23/23 from court docket 10 on page 27, it revealed that $BBBY had $1.8 Billion in total debt so they would need a massive pooled investment to buy out the entire company and then spin-off buybuyBABY (but a carve-out is the real plan).

After RCV sent the letter to $BBBY board, it was also around the same time when a bunch of GameStop NFT creators hoisted the flag 🏴‍☠️ and started tweeting in unison.
I won't dive into details since my other GMERICA posts (see my history) cover everything up to this point so I will focus on this event which is relevant:
RC Ventures sells his $BBBY shares on August 18, 2022.
Recently, it was discovered in $BBBYQ ch11 court docs that when RCV "sold" the $BBBY position that it in fact DID NOT return those shares back to the public markets.
Now, if you combine your newfound knowledge about Investment Funds and Affiliates then it becomes pretty clear that RCV "sold" or most likely transferred the shares to an unnamed party and who might that be?
It is Lazard Ferres, an investment bank, which was pointed out in a post titled "The juice is in the fruit. BBBY engaged Lazard Freres in August... one week before RC sold his stake**"** by travis_b13.

Lazard has been utilized to carry out LBO transactions for IEP's takeover of HP & Xerox by working with Carol Flaton of AlixPartners. Carol was hired as an independent director of $BBBY in late January 2023 and later appointed to $BBBY board.

TLDR summary of Travis_b13's post:

• In $BBBYQ chapter 11 bankruptcy proceedings, it was recently revealed on docket 345 that Lazard Freres, an investment bank was retained for any sales transactions and restructuring.
• Lazard Freres entered into an Indemnification Letter on August 10, 2022 which enabled Lazard to buy, sell, underwrite, place or purchase any securities in a financing or otherwise placement agency or purchase agreement -- basically Lazard had free reign to do ANYTHING with the shares that it was about to receive from RC Ventures on August 18, 2022
• Furthermore, docket 345 revealed that Lazard and BBBY had an engagement letter and also a Dealer Manager Agreement dated on October 18, 2022.
• What is a Dealer Manager Agreement? It is an agreement that governs the relationship between the offeror (BBBY) and the dealer-managers (the Activist Investors & Affiliates) and is signed by the parties to the commencement of a debt tender offer -- a signature LBO move by Icahn to acquire companies.
• Within the same docket 345, discovered in this other post, it mentions Lazard wanting a percentage fee of buybuyBABY when the sale consummates between debtor (parent company BBBY) and the buyer (IEP).
• Lazard is holding the shares it received from RC Ventures and entered into another deal via Dealer Manager Agreement with a different party on Oct 18, 2022.

Guess what also happened around October 18, 2022?
Ryan Cohen tweeted this -- perhaps there was a meeting and signatures were required:
​
OG Activist Investor & The Young
Before we wrap this up, let's tie up some loose ends.

Forced to split post, continue part 2 here: https://www.reddit.com/DRSyourGME/comments/13vhlbe/gmerica_activists_affiliates_the_return_of_icahn/