all 3 comments

[–]Site_rly_sux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Omg you children are so pathetic.

You know, when your low IQ forces you to interact with reality as though it's a movie about a qanon conspiracy, it can sometimes be really difficult to explain parts of the true reality that don't fit the qanon movie chipit is imagining he's watching.

That's why chipit linked a child's version of this story, instead of the single source cited. Because yeah there's one source cited in chipit's story, it's this

https://archive.is/usq8y/again?url=https://www.wsj.com/articles/vice-media-nears-deal-for-400-million-sale-out-of-bankruptcy-64297d2

This is a story about a distressed company issuing seniority bonds.

A what now? Senior bonds:

https://www.investor.gov/introduction-investing/investing-basics/glossary/senior-bond

When a company like vice goes bankrupt, it finds itself with a lot of assets to dispose of, to repay it's debts (the WSJ lists who vice's creditors are, including James Murdoch)

Vice will sell the office furniture and ergonomic chairs. And their intellectual property and digital right catalogue. And whatever else.

And the first person to get paid is the senior bondholders (actually, because finance is messy, there can be multiple tiers of seniority).

The point here is that Vice can probably be sold for parts but it won't be enough to cover Murdoch, Shane Smith, any old shareholders like Gavin proud boy McGuiness, etc etc. Only the senior bondholders are going to get paid.

So why is Soros involved? Actually this is Soros' main job, this is where you would normally find him - it's just that sometimes he gets into sociology and politics. But finance, and doing bondholder deals like this, is his main job.

So why is he involved with vice? Could be that his firm have other business with the less senior bondholders. Could be that he simply won an auction to service Vice's bankruptcy. It could be that his company are legit the right ones for the job - maybe carving up distressed asset IP and office furniture is his normal line of work, I dunno.

I just know that it's not a qanon movie like chipit thinks he's watching.

Because Soros Fund Management operates in America, it files the 13F or 13G forms like every other hedgefund, disclosing it's holdings as of the last day of the ....I want to say quarter?

Hedge funds mess around with these filings to disguise info from competitors by disposing of their positions the day before, so they don't have to be declared, so with that in mind, you can browse Soros Fund Management filings in places like this. Because it's not a movie.

https://fintel.io/i/soros-fund-management-llc

[–]Chipit[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Just so everyone knows, the above is a paid poster trying to disrupt our conversations on this site. He consistently covers for the wealthy and powerful and punches down on the little guy. Click the "block user" button above and disengage.

[–]Site_rly_sux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Can you dispute anything I said?

What part is incorrect?

Actually it's you who is incorrect