Weird, why wouldnt this fantastic startup want to report on their performance in a standardized and accountable manner for six months after collecting public money to pay out insiders and “sponsors”?
Surely they wouldnt mind bragging about their fantastic GAAP P&L in their filing docs. Maybe its the pesky quiet period theyre trying to avoid, so they can be even more transparent about finances and equity holders.
Dude. SPACs are structurally a _terrible_ idea for any non-privileged investor. The sponsors 20-25% comp, the early warrants, etc. All of those costs are taken out of the bag-holder, sorry “investors”, expected value. The entire thing is setup to maximise info asymmetry and perverse incentives for the sponsors at the cost of bag holders. The “shitty tactics” _are why SPACs exist_.
Even so, VRT has gone up 2000% since it SPACC’ed. RKLB was also a SPAC. A SPAC is a just a way to satisfy regulations as a pre-revenue early stage company. Most early stage companies fail, and that’s fine.
If such a company succeeds and still retail investors, don’t get paid back, I would consider that fraudulent, but that’s not the case with SPAC’s. I would like to see SPAC deals be better to investors as opposed to banning them entirely.
I worked at a previous listed company where a single $6MM order of hardware being pushed out a week made quarterly p&l positive. Im absolutely sure the same situation occurred every other quarter as well in some part of the business I didnt see.
this kind of deal timeline management happens at all companies. this is why contracts get structured in complicated pricing structures to make it easier for revenue recognition to occur in the quarter it’s supposed to. the timeline can move from 3 months to 6 it’s still going to be a huge focus area for a lot of
people at every company
This is why Netflix broke up the final season of Stranger Things in such a weird way... they wanted new episodes at the end of quarters, to have good subscriber numbers for the quarter report
For the gp: the other side of the risk/reward coin is that private credit has limited upside. They're going to get the margin between the private 6/7/8/9/10% loan and their funding source + admin. Whereas PE can go “to the moon” if things work out.
Yes. Nat gas -> ammonia -> urea. Theres some efficiencies that vary by site but its a hundred year old process of a true commodity. The price per therm _is_ the input.
Was listening to a fertilizer analyst the other day. She thought corn:urea was the better comparison. Nitrogen is the cost of marginal yields. And corn:urea shows the farmer being squeezed between their commodity output price and the required input cost. At some point its just not cost effective to grow corn, so you go soy, and reduced supply should pish up future prices. Oh look! More commodity price inflation pressure!
> if you're in the UK, Middle East, Australia (food is about to become more expensive & tricky)
Australias not in a terrible position. We produce ~50% of our NPK fertilizers used, and this is down primarily because were importing more from places with cheaper/distant environmental impact. Conversely, IIRC, UK and Ineos just shut down their significant last fertilizer plant and the north sea fields is its own thing.
Similarly we have suitable local gas supply for the needed feedstock. And you can see the govt already starting to restrict (“reserve”) exports. Which, of course, will contribute to the global problem.
AU as a whole is a commodity and food exporter. Of course global commodity squeezes make Everyone poorer, I believe ricardo. I dont see our local position being anywhere as fragile as europe and me, unless Im missing something.
But I dont see AU being anywhere near as fragile as Sri Lanka circa 2022-23.
We are vulnerable in Australia though because we have to move food large distances from farms to cities and are unusually road-dependent for those kind of distances (most countries use much more freight rail). Large diesel price rises are going to be extremely painful for us.
And electricity and manufacturing too, since we have no real gas reservation policy and the exporters were allowed to build enough capacity to export basically every single joule of gas that we produce (and they pay a fraction of the royalties that countries like Qatar rake in). So locals and local businesses pay very high prices so the gas companies can export most of our supply overseas...
The Government collects 51.6 cents per litre on Fuel and Diesel, they'd need to just temporarily cut back on some of their obscene fuel margins to keep everything within steady-state.
That's what at stake here, with oil exports from the Middle East dwindling... Oil price might not even go up that much, or for that long, if the economy crashes hard enough.
The Australians are currently pointing to diesel reserves or on hand in the farms is quite low, suggesting that mechanised cropping/transport of farm products is going to provide a pinch point.
I have no idea if the reports are accurate, or an attempt to put the market into readiness for inflation.
edit: Whether real or imagined, there is panic buying of petrol happening - this could lead to supply issues by itself.
As someone who has done physical work at the sites of Australian diesel reserves, they aren't designed to last that long.
I do still feel we're better off than most. We can actually offset the price of fuel by reducing the government excise, and even subsidising it. We've done it before. 2 gulf wars, a global oil crisis, general middle east chaos? Australia has typically done better than most.
Would still be good if we had an actual sovereign mineral fund and hadn't sold our gas rights to everyone else, but I suppose we have to live with the stupid shit the previous governments have done.
The cynic in me thinks we will be squeezed anyway because australian leaders apparently love to sell off everything to the global market with little concern for the residents. Why squeeze just domestic or just global when you can do both and collect even more profit?
IME you end up with both; something like discrete client, LB, and controller. You can’t rely on any one component to “turn itself off.“ ex a client or LB can easily get into a “wedged” state where it’s unable to take itself out of consideration for traffic. For example, I’ve had silly incidents based on bgp routes staying up, memory errors/pressure preventing new health check results from being parsed, the file systems is going read only, SKB pressure interfering with pipes, and of course, the classic difference between a dedicated health check in point versus actual traffic. All those examples it prevents the client or LB from removing itself from the traffic path.
An external controller is able to safely remove traffic from one of the other failed components. In addition the client can still do local traffic analysis, or use in band signaling, to identify anomalous end points and remove itself or them from the traffic path.
Good active probes are actually a pretty meaningful traffic load. It was a HUGE problem for flat virtual network models like a heroku a decade ago. This is exacerbated when you have more clients and more in points.
As a reference, this distributed model it is what AWS moved to 15 years ago. And if you look at any of the high throughput clouds services or CDNs they’ll have a similar model.
one thing to add for passive healthchecking and clientside loadbalancing is that throughput and dilution of signal really matters.
there are obviously plenty of low/sparse call volume services where passive healthchecks would take forever to get signal, or signal is so infrequently collected its meaningless. and even with decent RPS, say 1m RPS distributed between 1000 caller replicas and 1000 callee replicas, that means that any one caller-callee pair is only seeing 1rps. Depending on your noise threshold, a centralized active healthcheck can respond much faster.
There are some ways to improve signal in the latter case using subsetting and aggregating/reporting controllers, but that all comes with added complexity.
Thank you for actually testing and measuring an implementation & hypothesis. I appreciate the leads for evaluating my own similarity problems and efficacy.
> no one could explain how they got those numbers.
Not quite. The big board percentages were effectively us (imports - exports) / imports * 0.5 ~ fuzzy adjustment based on feels. Your point remains theyre amateurish and bely a lack of any grounding to actual foreign import duties. But that is a direct way of representing a mercantilist world view where net imports bad, exports strong.
… and keep the interest from those and their “high value commercial paper.” Now, why this is better than a money market fund, and regulated similarly… no idea.
Surely they wouldnt mind bragging about their fantastic GAAP P&L in their filing docs. Maybe its the pesky quiet period theyre trying to avoid, so they can be even more transparent about finances and equity holders.
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