In order to increase the added value of cassava, processing cassava into tapioca flour has become the choice of more and more cassava growers. So how is tapioca flour produced?
There are two common processing methods of tapioca flour on the market. The first is dry processing. The steps of producing tapioca flour are: cleaning cassava, peeling cassava, slicing cassava, drying and grinding, and sieving. This processing method is low in cost and easy to operate, and is very popular in households and small factories. However, tapioca flour made from dried cassava chips is not of high quality. Usually such tapioca flour looks yellowish, and it is easy to mix fine impurities in the process of processing. The second is wet processing. The production steps are: cleaning cassava, peeling cassava, cutting and crushing cassava, dehydrating cassava pulp, secondary crushing, air-drying tapioca flour, screening and packaging. This maximizes the extraction of tapioca flour, improving production efficiency and quality of tapioca flour. 【Recommended reading: Why do large cassava flour processing plants first choose automated processing equipment?】
Tapioca flour processing steps and what machines are required
Different tapioca flour processing methods require different machines:
1. Dry processing of tapioca flour
This processing method can be briefly summarized as cleaning, slicing, and grinding. The required machines are: dry sieve, paddle washing machine, peeling machine, slicer, hammer crusher. Henan Jinrui will recommend tapioca flour processing machines of different specifications for you according to your needs.
2. Wet processing of tapioca flour
Wet processing is currently the most efficient method of tapioca flour production on the market. First, clean and wash cassava by dry sieve and paddle washer, then peel cassava by peeling machine, cut and grind cassava by cutter and rasper machine, dewater cassava pulp by plate-frame filter machine, mill cassava cake by hammer crusher, finally dry and sieve tapioca flour by flash dryer and sifter sieve. In the operation of these tapioca flour processing machines, the time from the input of fresh cassava raw material to the output of final tapioca flour is very short, which can ensure that the final flour is not affected by any impurities. Thus you can get high quality tapioca flour.
Watch the following tapioca flour processing video, know about our tapioca flour processing technology and machine:
Seeing all, you'll have a general understanding of tapioca flour processing. No matter which processing method you choose, Henan Jinrui can design and manufacture tapioca flour processing machines that meets your needs. If you want to start your tapioca flour processing business, please feel free to contact us. Our project manager will contact you in time according to your specific requirements.
Tel/Whatsapp: +86-13526615783
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Website: http://www.cassavaprocessing.com
Email: [[email protected]](mailto:[email protected])

Introduction
Quality control is a critical aspect of the fruit industry, ensuring that only the finest produce reaches the market. With the advent of advanced technology, apple grading machines have emerged as indispensable tools in simplifying fruit quality control processes. In this blog post, we will explore the numerous advantages offered by apple grading machines, highlighting their role in streamlining operations and ensuring consistent fruit quality.
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1. Improved Accuracy and Consistency

Manual fruit quality control processes are often subjective and prone to human error. However, apple grading machines leverage cutting-edge technologies such as computer vision and machine learning algorithms to achieve precise and consistent results. By analyzing multiple parameters such as size, shape, color, and defects, these machines provide an objective assessment of each apple's quality. This ensures that only fruits meeting specific standards make their way to the market, enhancing overall product quality.
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1. Increased Efficiency and Productivity

Traditional fruit quality control methods involve labor-intensive processes that consume significant time and resources. Apple grading machines automate the sorting and grading processes, significantly increasing efficiency and productivity. With their high-speed conveyor belts and advanced sensors, these machines can sort a large volume of apples in a short period. This not only saves time but also allows fruit producers to streamline their operations and allocate resources to other crucial tasks.
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1. Enhanced Sorting Capabilities

Apple grading machines offer versatile sorting capabilities, allowing producers to meet specific market demands. These machines can classify apples based on parameters such as size, color, weight, blemishes, and even internal quality attributes. By tailoring the grading criteria, fruit producers can cater to diverse customer preferences and market requirements. This flexibility ensures that the right apples are delivered to the right market segments, optimizing sales and customer satisfaction.
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1. Waste Reduction and Improved Resource Utilization

The accurate sorting provided by apple grading machines helps minimize waste and maximize resource utilization in the fruit industry. By precisely categorizing apples, these machines ensure that fruits not meeting desired quality standards are appropriately redirected for alternative purposes, such as processing or juicing. This minimizes unnecessary waste, reduces economic losses, and promotes sustainability within the fruit production chain.
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1. Real-time Data Collection and Analysis

Modern apple grading machines often incorporate advanced data collection and analysis capabilities. They generate real-time reports and insights about the sorting process, providing valuable information for quality control and decision-making. By analyzing this data, fruit producers can identify patterns, detect issues, and optimize their operations accordingly. This data-driven approach enables continuous improvement, leading to enhanced efficiency and fruit quality over time.
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https://preview.redd.it/xw2oce3lzw2b1.jpg?width=1600&format=pjpg&auto=webp&s=db33381f506f91a79d9d2a20decb45f6b195de64

1. Standardization of Quality Control

Apple grading machines ensure the standardization of quality control processes across different batches and production lines. Unlike manual methods that may vary based on human interpretation, these machines follow consistent parameters and algorithms. This eliminates discrepancies and ensures uniformity in fruit quality assessment, allowing producers to deliver a consistent product to the market.
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1. Cost-effectiveness and Long-term Savings

While apple grading machines require an initial investment, they offer long-term cost-effectiveness and savings. These machines significantly reduce labor costs, as they can efficiently perform tasks that would otherwise require extensive human resources. Moreover, by accurately sorting fruits, they help optimize the use of resources, reduce waste, and improve the overall economic efficiency of fruit production operations.
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1. Improved Food Safety and Traceability

Apple grading machines play a crucial role in ensuring food safety by identifying and removing damaged or defective fruits from the production line. By minimizing the presence of potentially unsafe products, these machines contribute to the overall quality and safety of the food supply chain. Additionally, the use of advanced tracking systems within the machines facilitates traceability, allowing producers to monitor and control the quality of their fruits from farm to fork.

https://preview.redd.it/at6trtopzw2b1.jpg?width=900&format=pjpg&auto=webp&s=daa289573adcbcdec14da07dc3ce2641d6028bf2
Introduction
In the world of international trade and commerce, sugar holds a prominent position as one of the most widely traded commodities. Sugar trading involves the buying and selling of sugar in various forms, such as raw sugar, refined sugar, and specialized sugar products. This article aims to provide a comprehensive overview of sugar trading, highlighting its importance, market dynamics, and key factors that contribute to successful trading in this sector.
The Significance of Sugar Trading
Sugar is a vital ingredient found in countless food and beverage products consumed globally. It is not only used as a sweetener but also serves as a preservative, providing desirable characteristics to various food items. The demand for sugar remains consistently high, making it a lucrative industry for traders. Sugar trading plays a crucial role in ensuring the availability of sugar to consumers worldwide while allowing producers and suppliers to optimize their market reach.
Understanding the Sugar Market
Factors Influencing Sugar Prices
The sugar market is influenced by a multitude of factors that impact the supply and demand dynamics, thereby affecting the price fluctuations. Some key factors include:
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https://preview.redd.it/6rbxjkwrzw2b1.jpg?width=1440&format=pjpg&auto=webp&s=774656970c2119183ae41c3a9cdfe6732be63493
Production and Consumption: Sugar is primarily produced in tropical regions, and fluctuations in crop yields due to weather conditions, disease outbreaks, or changes in agricultural practices can significantly impact prices. Similarly, changes in consumption patterns and population growth also affect the demand for sugar.
Government Policies: Government interventions, such as import/export regulations, subsidies, and tariffs, can have a significant impact on the sugar market. These policies aim to protect domestic producers, stabilize prices, or address public health concerns related to sugar consumption.
Currency Exchange Rates: Since sugar is a globally traded commodity, fluctuations in currency exchange rates can impact its price. Currency devaluations or appreciations can affect the competitiveness of sugar-producing and consuming countries.
Energy Prices: The production of sugar involves significant energy inputs, primarily in the form of fuel for machinery and equipment. Changes in energy prices, especially oil prices, can influence the production costs of sugar and subsequently impact its market price.
Sugar Trading Mechanisms
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https://preview.redd.it/bdwdxboszw2b1.jpg?width=328&format=pjpg&auto=webp&s=2283ba20d919e41831b14a929432623b9704a862
Sugar trading occurs through various channels, including futures markets, spot markets, and over-the-counter (OTC) transactions.
Futures Markets: Futures contracts provide a standardized platform for buyers and sellers to trade sugar at a predetermined price and future date. These contracts allow market participants to hedge against price volatility and manage risks associated with their sugar-related business operations.
Spot Markets: Spot trading involves the immediate purchase or sale of sugar at the prevailing market price. Spot markets provide flexibility and agility to traders, enabling them to respond quickly to changing market conditions.
Over-the-Counter (OTC) Transactions: OTC transactions involve direct negotiations between buyers and sellers outside of organized exchanges. OTC trading allows for more customized agreements tailored to specific requirements, but it may involve higher counterparty risks.
Successful Sugar Trading Strategies
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https://preview.redd.it/i2mmka6tzw2b1.png?width=225&format=png&auto=webp&s=a5537dbec19adca46f4c7a9fcd5c71846507ec9a
To thrive in the competitive sugar trading industry, traders need to adopt effective strategies and stay abreast of market trends. Here are some key considerations for successful sugar trading:
Comprehensive Market Analysis
Traders must conduct thorough market analysis to understand the current supply-demand dynamics, prevailing prices, and emerging trends. By studying historical data, tracking weather patterns, and analyzing global economic indicators, traders can make informed decisions and capitalize on market opportunities.
Risk Management
Given the inherent volatility in sugar prices, risk management plays a pivotal role in sugar trading. Traders can employ various risk mitigation techniques, such as hedging through futures contracts, diversifying their portfolios, and implementing robust risk management systems.
Supply Chain Optimization
Efficient supply chain management is critical for
ensuring timely delivery and minimizing costs in sugar trading. Traders need to establish strong relationships with reliable suppliers and transporters to ensure a smooth flow of sugar from production centers to the market. Implementing effective logistics strategies, including inventory management and transportation optimization, can help traders gain a competitive edge.
Quality Control
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https://preview.redd.it/uca6gvnwzw2b1.jpg?width=1440&format=pjpg&auto=webp&s=967f1dd9a7dff9521b8c8abed5134950dd36b466
Maintaining consistent quality is essential in sugar trading. Traders should closely monitor the quality of sugar throughout the supply chain, from sourcing to delivery. Implementing quality control measures, such as laboratory testing, certification, and adherence to international standards, helps build trust with customers and ensures the satisfaction of end consumers.
Market Intelligence
Staying informed about market trends, trade policies, and regulatory changes is crucial for sugar traders. Access to accurate and timely market intelligence provides valuable insights into emerging opportunities, potential risks, and competitor analysis. Traders can leverage this information to make informed decisions and adjust their trading strategies accordingly.
Building Relationships
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Sugar Trading
Establishing strong relationships with key stakeholders in the sugar industry is essential for long-term success. This includes maintaining connections with sugar producers, processors, buyers, and industry associations. Collaborating with industry players can lead to mutually beneficial partnerships, access to new markets, and valuable market insights.
Sustainability and Ethical Considerations
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Sugar Market Place
As sustainability and ethical practices gain prominence in the business world, sugar traders should prioritize environmental and social responsibility. Embracing sustainable sourcing practices, supporting fair trade initiatives, and ensuring compliance with labor and environmental regulations contribute to a positive brand image and enhance market competitiveness.
Conclusion
Sugar trading is a dynamic and lucrative sector that requires a deep understanding of market dynamics, effective risk management strategies, and a commitment to quality and sustainability. Successful sugar traders navigate the complexities of the market by conducting comprehensive market analysis, implementing robust risk management techniques, optimizing supply Dubai, and staying informed about market trends. By embracing these strategies and building strong relationships within the industry, sugar traders can position themselves for long-term success.

does anyone know where i can get a clear taillights and headlights for my 2002 honda accord coupe ex cg2

• Its business has been challenged as the economy emerges from the pandemic.
• While revenue continues to grow, operating losses have also increased.
• The stock's valuation is cheaper than its historical average -- but it's still not cheap.

The leading e-commerce platform provider is still posting strong growth, but its bottom line remains in the red.

Like other e-commerce businesses, Shopify ($SHOP) benefited from a huge surge in online shopping that occurred during the worst of the coronavirus pandemic. Sales were skyrocketing, and the company was posting positive operating profits for several quarters.
However, with the uncertain economic environment and inflation on everyone's minds now, Shopify's growth has moderated and its shares have retreated sharply from their 2021 peak. Yet, the stock has still produced a remarkable 300% return over the past five years. This means a $1,000 investment in Shopify back then would be worth more than $4,000 today.
Past returns are wonderful, but what should investors do about this stock now? Let's take a closer look at this top e-commerce business.
https://preview.redd.it/9b05fnuipw2b1.png?width=878&format=png&auto=webp&s=0eab3e2f3ca2a2c645d7fa59812ce0130cd0b782

Sizing up the latest numbers

Shopify, which provides services that make it incredibly easy and seamless for businesses to start selling online, has seen its growth slow. This is especially the case when compared to a couple of years ago. But the numbers are still impressive. In the latest quarter (Q1 2023, ended March 31), gross merchandise volume (GMV) increased 15% year over year to $49.6 billion.
"We achieved this GMV strength primarily through more resilient consumer spend, with strength in Europe being particularly notable, existing merchant same-store sales growth, and growth in our merchant base," CFO Jeff Hoffmeister stated on the first-quarter earnings call. Those are clearly all positive trends.
Revenue was up 25% during the period, driven by a record attach rate of 3.04%. The attach rate, often called a take rate, is calculated as revenue divided by GMV, essentially measuring how much of the dollar volume on its platform Shopify gets to keep. The company noted that merchants are buying more services and solutions.
The leadership team is trying to temper its expectations. "Our perspective on the rest of the year remains cautious and assumes that inflation remains elevated, which may pressure consumer spending," management said in its earnings presentation. Nonetheless, executives are optimistic enough to forecast a similar rate of revenue growth in the current quarter to what was achieved in Q1.

Some other things to keep in mind

It's certainly encouraging to see Shopify put up solid double-digit GMV and revenue growth, particularly at a time when inflation is leading to lower discretionary spending power for consumers. The company's strong momentum could be enough to keep shareholders happy.
But investors should also pay attention to another important financial figure. In the most recent quarter, Shopify's operating loss was $193 million, which was roughly double the operating loss of $98 million in Q1 2022. This happened despite revenue rising. That's obviously not a good result for a company that should be inching closer to profitability on a GAAP basis as it achieves greater scale.
Shopify did tout the fact that it was able to generate positive free cash flow of $86 million. But because this metric adds back Shopify's $135 million of stock-based compensation since it's a non-cash expense, I'm not really buying it. Investors should be paying attention to these numbers going forward.
Nonetheless, the company's stellar growth might be enough of a reason to want to own shares. And there's a long runway for Shopify to continue its monster gains. According to data provided by the Federal Reserve Bank of St. Louis, online shopping only accounted for 15.1% of all retail sales in Q1 2023. And according to Cloudways, a cloud infrastructure company, Shopify has the leading market share (25%) of e-commerce platforms in the U.S.
All of this puts Shopify in a prime position to benefit as more shopping moves to digital channels.

What should investors do?

Those who are enamored with Shopify's growth might want to consider buying the stock today even though positive profits seem like a long way off. The shares are up 70% so far in 2023, and they trade at a price-to-sales (P/S) multiple of 12.7. That's not cheap by any stretch of the imagination, but it is well below the trailing-five-year average of 28.9.

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):
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OSTK CEO confirms everything that is currently happening to IEP
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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.
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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:
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From IEP 10Q filing, pg 48 - Depository Units & Risk Factors
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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:
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The Blitzkreig Short Report masking the Swap that has been Activated
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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:
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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:
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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:
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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:
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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:
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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.
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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:
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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.
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Terms of the succession plan and Manager Agreement
Again, I will TLDR summarize these filings in the next section.
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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:
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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.
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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):
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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:
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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:
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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/

https://preview.redd.it/opcsf0e03y2b1.jpg?width=890&format=pjpg&auto=webp&s=3e7efb537dddbfb3b0803a3b4a87b8b0ab49a2ff
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This is part 2 and a continuation from this post 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, 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, 3xBY = GMERICA.
Furthermore, I believe these units will be used in the $3xBYQ chapter 11 bankruptcy restructuring for a leveraged buyout (LBO) deal involving cash and a [unit] share swap to either (1) purchase 3xBY, 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 3xBY.
This carve-out of buybuyBABY from 3xBY will force shorts to close.
How? Shorts will be forced to deliver units (shares of $GME x $IEP x $3xBYQ) 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 u/EnvironmentalPlan870):
​
OSTK CEO confirms everything that is currently happening to IEP
But why are they attacking?
See part 1 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

Another ape u/alebubu noticed too, in this post.
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 $3xBYQ rocket while suppressing $IEP stock price. Credit for technical chart to u/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, 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/zb9waesi0y2b1.png?width=1160&format=png&auto=webp&s=967ad1f16126b4bb8093dbc30db8f10e014be9a0

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 $3xBYQ 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 u/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 (DRS) in their name.
After GameStop, the Activist Investors set their sights on the next target company $3xBY and once again, RC Ventures wrote a letter to the board at Bed, Bath, and Beyond on March 6, 2022:
​
RC Ventures letter to $3xBY 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 $3xBY 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 $3xBY board, it was also around the same time when a bunch of GameStop NFT creators hoisted the flag 🏴‍☠️ and started tweeting in unison.
Pepperidge Farm remembers.
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 $3xBY shares on August 18, 2022.
Recently, it was discovered in $3xBYQ ch11 court docs that when RCV "sold" the $3xBY 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 this post by u/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 3xBY in late January 2023 and later appointed to 3xBY board.

TLDR summary of Travis_b13's post:

• In $3xBYQ 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 3xBY 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 (3xBY) 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 3xBY) 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/GME/comments/13viikm/gmerica_activists_affiliates_the_return_of_icahn/