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Everything posted by Wrestleknownothing
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So call it $125k or $150k, it is still not $500k for a zero time champion. Now given that Carter Starocci says he is willing to put up $300k against AJ Ferrari's $300k to wrestle at 190, maybe a 4x time champ can command that. On the other hand, Starocci is a self-reported disinterested student, so it is very possible he does not know that he does not have $300k. A second possibility is he is confident Ferrari does not have it, making his own financial standing moot. Now, if each have the 300 large I am willing to hold it for them until this is settled.
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How much will Trump net from DJT?
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
I never say always. But I always avoid never. -
How much will Trump net from DJT?
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
Nope. No laws broken. -
Here is why I think $500k is puffery. North Dakota State dominates FCS football. They have won 17 national titles. They last won in 2021 and made the finals in 2022 and the semis in 2023. They have their players poached on an annual basis. In a recent interview their coach talked about this. He said he advises his guys to ignore the $100k offers that come from Group of 5 conference schools, bet on themselves, spend another year at NDSU and try to get a $500k offer from a Power 5 conference school. If football players are getting offered $500k to go to top programs, I just do not see a wrestler getting offered $500k. Sure there are QBs getting a lot more than that, but QB is a class of its own even within football. As for the scholarship offer argument, the analysis I have seen is wrong. Let's say a wrestler stays put at SDSU and keeps his scholarship. That is worth about $23k for a year. If instead, he transfers to Iowa and gets $100k, but has to pay for college, that costs about $46k per year, or $23k per semester. If he goes for a full year he nets $54k ($77k if only a semester). Will he get $50 - $75k in NIL to stay at SDSU? Is $50 - $75k enough to get him to move? Remember, we are talking about a college kid who hasn't sniffed $50k in his life, and is likely to make that about that much coming out of SDSU with a construction management degree. So it is like getting another year of salary. Here is another reason I think $500k is not happening. If the offers really are for $500k for one year or one semester, then I would say someone is a fool for not taking it. If you are a PSU wrestler and someone offers you $500k to switch schools, then you have to do it. Until you see someone leaving PSU, or Iowa, or OSU to go to one of the others, I just do not believe $500k is real.
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Donald Trump's 180 day lock up on his DJT stock expires on Saturday, September 21. That means he can start selling his stock on Monday, September 23. How much do you think he nets on the sale? Or does he keep the stock and run the company? That seems unlikely. After all, the company hemorrhages money. In Q2 it had yet another operating loss, this time of $16.4 million on revenue of only $837,000. It has never had $1 million in quarterly revenue. But there is a lot of cash on the balance sheet. They have about $344 million in cash. That is earmarked for building out their streaming platform, but maybe he folds the tent and pockets whatever cash is left? Hard to do with public shareholders, but Trump does not mind a law suit. This we know. Trump owns something like 114,750,000 shares. That is about 57% of the company. His pro rata slice of the cash would be $196 million, assuming they stop spending that cash. But the company has a market cap of about $3.5 billion right now. So wouldn't he be better off selling? After all 57% of $3.5 billion is about $2 billion. And $2 billion is greater than $196 million. But that kind of depends. "Right now" is a very pregnant term. The market has been anticipating this day. DJT has been trading persistently down for over a month. After reaching the mid-40's in July, DJT is below $18 today. The average daily trading volume for DJT is 7.9 million shares. Trump's holdings therefore, represent about 14.5 days of average volume. But you can't just sell the ADV for 15 days and expect to get today's price. If you are an institution, for example, trying to liquidate a concentrated position you typically limit yourself to under 10% of the daily volume to minimize/manage your market impact. At 10% of the volume we are now talking about 145 trading days for Trump to sell. But here is the thing. As a company insider who owns the majority of the company he has to file his plans to sell. That kind of information about selling leaves a mark, especially from someone as ingrained in the company as a man whose initials are its ticker symbol. It is bound to have a negative effect on the price. So what do we think the average price will wind up being? $196 million divided by 114.75 million shares is about $1.70 per share. Can he get more than that? If so, sell with both hands. But what if he starts selling and it is a race to zero? Does he liquidate the company and go for the cash? Does he run the company and count on Devin Nunes? So many fun possibilities over the next few weeks.
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I hate you for making me read that piece of garbage article. Every sentence is a hot mess of very poor AI writing. How you can read that and think it was about college is beyond me.
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You think THAT is the problem with the thread?
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I was able to locate a video of the CSUB staff working on the release with Ferrari:
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Dogs are great
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House vs. NCAA settlement becomes unsettled
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
If anything, they may be required to give him more. -
The judge has problems with the settlement and sends the two sides back to the drawing board. https://www.espn.com/college-sports/story/_/id/41141275/house-v-ncaa-settlement-hold-judge-urges-revisions
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Who do you trust to do what they say?
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
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Who do you trust to do what they say?
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
Your and Trump's mathematical reasoning is impeccable. No number can be bigger than a number bigger than it was 4 years prior. -
I noticed AJ Ferrari removed all his hashtags. Apparently, the bag is not (was never?) secured. And he is no longer (never was?) the greatest 197 ever. And not the reigning champ. Now I wonder if he can even deadlift 665 anymore.