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What did Shervin Pishevar Mention in his 21-Hour Tweet Storm?

Shervin Pishevar is an Iranian-American super angel investor, venture capitalist, and entrepreneur. He has invested in Uber, Airbnb, Munchery, and he served as the executive chairman of Hyperloop One. Mr. Pishevar is also a co-founder of investment firm.

 

After nearly three months of silence on social media, Shervin Pishevar resurfaced on Twitter. In February of 2018, Mr. Pishevar surprised his followers with a series of tweets that lasted 21 hours. During Pishevar’s 21-hour tweet storm, he discussed the United States economy, bitcoin, Silicon Valley, and the five big monopolies in the US.

 

What did he Predict During his Tweet Storm?

Shervin Pishevar started his tweet storm with predictions about the stock market. Mr. Pishevar stated that there is a financial storm looming in the US. According to Mr. Pishevar, this is likely because of national debt, increased interest rates, and tax giveaways that were approved by the senate.

 

Shervin Pishevar also discussed Silicon Valley. He noted that the United States no longer has exclusivity. Mr. Pishevar tweeted the United States is no longer the monopoly of entrepreneurial motivation, talent, and ideas and that innovations in technology are now flourishing all over the world. Mr. Pishevar tweeted that this isn’t a good sign for the short-term economy of the US.

 

He also predicted that the five major monopolies in the US will eventually lead to the failure of the US economy. Mr. Pishevar named Google, Alphabet, Microsoft, Apple, and Amazon as the five big US monopolies, and he tweeted that the American system is also to blame for turing a blind eye to the actions of these monopolies.

 

Pishevar noted that bitcoin will plummet before it starts to rise, and he feels that cryptocurrency has the capability to stand apart from centralized banks for a global economy. He stated that a global economy would be perfectly efficient and frictionless.

 

https://soundcloud.com/twistartups/shervin-pishevar-on-this-1/recommended

Sahm Adrangi Released A Negative Report Regarding The St. Joe Company Due To New SEC Rules

A negative report has been published by Kerrisdale Capital. Sahm Adrangi has explained the company’s position regarding NYSE: Joe or The St. Joe Company. This is a real estate development firm in Florida. There is a large area of desolate land close to Panama City Beach they plan to transform into a nice destination for businesses and retirees.

It is unlikely St. Joe’s development of the land will justify the $1 billion current valuation of the company. Sahm Adrangi has said the land holdings are desolate, remote and swampy. The only way the current valuation can be justified is for 400k square feet of space for commercial uses in addition to 2,700 home sites being sold each year for the next fifty years. This would make the new retirement district of St. Joe’s the best selling community in America. The amount of commercial real estate sold would exceed the entire 2017 Panhandle market.

The reality is St. Joe has made little progress on the interior land. Checks made by Kerrisdale Capital and Sahm Adrangi have established minimal activity regarding signs of advancement, permit filings and building department inquiries. Sahm Adrangi stated the feasibility of the interior lands now are no better than the during the decade old proposal. He said the investors have already been waiting years and their suffering will likely continue for many more. St. Joe is struggling to monetize the land at a pace to justify the valuation.

The shareholder problems have been compounded by the required compliance of their biggest investor, the Fairholme Funds. Two months ago the new rules for SEC liquidity went into effect. The assets of the Fairholme Fund have decreased in excess of ninety percent from their peak. As these assets decline a bigger percentage of the fund is required by St. Joe. Over a third of St. Joe’s shares are being held by Fairholme. The new rules mean their position should be cut fifty percent. The shareholders of St. Joe are now facing the uncertainty and risk of a forced seller due to the required compliance of the new SEC regulations.

https://www.prnewswire.com/news-releases/sahm-adrangis-kerrisdale-capital-issues-negative-report-on-eastman-kodak-company-300594897.html