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hiraethified
Weird article in the FT today about Brewdog soliciting for investors with Bitcoin buy offering them a free six pack of Cryponite beer.

View attachment 177091
The reader comments at the end of the FT article suggest that thrusting young brokers think Brewdog's publicity machine is designed to out-fox the common-sense FT in the manner of Micheal O'Leary's Ryan Air ("Spend a pound to spend a penny" for example).
I posted the full article here BrewDog: yet another hip company using 'rebel' language to sell its stuff

Seems pretty scathing for a FT article. And as you say, the comments are interesting:

Equity for punks was really just a low yielding tranche of junior debt - at least that was my impression at the time, not really equity at all, certainly no upside to the investment.
 
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Gramsci

Well-Known Member
Weird article in the FT today about Brewdog soliciting for investors with Bitcoin buy offering them a free six pack of Cryponite beer.

View attachment 177091
The reader comments at the end of the FT article suggest that thrusting young brokers think Brewdog's publicity machine is designed to out-fox the common-sense FT in the manner of Micheal O'Leary's Ryan Air ("Spend a pound to spend a penny" for example).
Kind of interesting. Leaving aside BrewDog. The Bitcoin type money is now being presented as being "Punk".

This is the "anarchical" Capitalism. That is undermining what exactly is my question.

Its almost back to the Ayn Rand view of the so called Free market. Like companies like Brew Dog are subverting the Capitalist order through use of internet currencies.

This is rubbish.
 

editor

hiraethified
Kind of interesting. Leaving aside BrewDog. The Bitcoin type money is now being presented as being "Punk".

This is the "anarchical" Capitalism. That is undermining what exactly is my question.

Its almost back to the Ayn Rand view of the so called Free market. Like companies like Brew Dog are subverting the Capitalist order through use of internet currencies.

This is rubbish.
BrewDog are scum and in a normal world they'd be forbidden and shunned for trying to associate punk with their shit capitalist, profit-raking, self interested venture .

But then I see the Brixton Brewery as being part of the same kind of deceit, claiming 'independent' credentials when they're virtually half owned by the second biggest brewery on the planet. It's like me letting Murdoch buy up 49% of urban75 and then claiming we're independent and some kind of counter-cultural entity.

It's all pocket-lining bullshit.
 

alex_

Well-Known Member
BrewDog are scum and in a normal world they'd be forbidden and shunned for trying to associate punk with their shit capitalist, profit-raking, self interested venture .

But then I see the Brixton Brewery as being part of the same kind of deceit, claiming 'independent' credentials when they're virtually half owned by the second biggest brewery on the planet. It's like me letting Murdoch buy up 49% of urban75 and then claiming we're independent and some kind of counter-cultural entity.

It's all pocket-lining bullshit.
I suspect there are very few small businesses who wouldn’t take millions of pounds for a minority stake from a mega corporation.

But yes it is quite hypocritical.

Alex
 

Favelado

Half to the Tower, please.
It's like me letting Murdoch buy up 49% of urban75 and then claiming we're independent and some kind of counter-cultural entity.

It's all pocket-lining bullshit.

Just to clarify, it's Disney Editor sold 49% of the boards to, not Murdoch.
 

CH1

"Red Guard"(NLYL)
Kind of interesting. Leaving aside BrewDog. The Bitcoin type money is now being presented as being "Punk".

This is the "anarchical" Capitalism. That is undermining what exactly is my question.

Its almost back to the Ayn Rand view of the so called Free market. Like companies like Brew Dog are subverting the Capitalist order through use of internet currencies.

This is rubbish.
You are quite right there. If you watched Max Keiser on Russia Today three times a week it's virtually constant brainwashing about Bitcoin.
Bitcoin is liberated money free from government control - it is the Brexit of money apparently. Keiser and his Bitcoin fanciers constantly rail against central banks and so-called fiat money. As well as constantly saying the dollar will collapse.

Actually one wonders what Marx would have made of Bitcoin. Clearly it is currently pure speculation, but if it truly caught on it would be international money outside the control of the Federal Reserve or the Bank of England.

There is a Green objection. There are reports that Bitcoin processing already consumes as much power as Switzerland. What a waste on energy for a few fat cat speculators. Bitcoin consumes more energy than Switzerland, according to new estimate
 

editor

hiraethified
I suspect there are very few small businesses who wouldn’t take millions of pounds for a minority stake from a mega corporation.

But yes it is quite hypocritical.

Alex
I love the way that they used the phrase 'minority stake' to describe a fat 49% slice.
 

CH1

"Red Guard"(NLYL)
A footnote on majority/minority shareholdings
Although technically a 49% stake in a small company leaves the previous owner still in control, in the case of a publicly listed company this type of stake would precipitate a full bid under takeover rules - thus enabling other shareholders to cash in/get out on an equitable basis.

Even so such a bid might not be accepted by shareholders, and the largest shareholder might remain like that for decades - or not if an "activist" shareholder wanted to change it.

An example which springs to my mind is Plantation and General Investments of 45 Ludgate Hill EC4. This company does various agricultural business in Malawi and Kenya probably the most notable being growing the tea used in Yorkshire Tea and Sainsbury's Red Label tea.

PGI is about 90% owned by Nick Roditi - a former fund manager for George Soros.
For whatever reason he bought a substantial stake around 1997 when PGI was a stock market listed company and built his stake to the point where he was able to force other shareholders to sell out (one way he used was to de-list the company from the stock market).

Don't ask me why he did all this - but it does show however that a wily operator even without having a controlling stake at the outset can ultimately run a company how they want it run.
Home | PGI Group Ltd
 

alex_

Well-Known Member
A footnote on majority/minority shareholdings
Although technically a 49% stake in a small company leaves the previous owner still in control, in the case of a publicly listed company this type of stake would precipitate a full bid under takeover rules - thus enabling other shareholders to cash in/get out on an equitable basis.

Even so such a bid might not be accepted by shareholders, and the largest shareholder might remain like that for decades - or not if an "activist" shareholder wanted to change it.

An example which springs to my mind is Plantation and General Investments of 45 Ludgate Hill EC4. This company does various agricultural business in Malawi and Kenya probably the most notable being growing the tea used in Yorkshire Tea and Sainsbury's Red Label tea.

PGI is about 90% owned by Nick Roditi - a former fund manager for George Soros.
For whatever reason he bought a substantial stake around 1997 when PGI was a stock market listed company and built his stake to the point where he was able to force other shareholders to sell out (one way he used was to de-list the company from the stock market).

Don't ask me why he did all this - but it does show however that a wily operator even without having a controlling stake at the outset can ultimately run a company how they want it run.
Home | PGI Group Ltd
Urban goes full FT comments section !
 
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CH1

"Red Guard"(NLYL)
I happened upon this old Land Registry map from 2010.

The Domino Club building at that time is LBL, the clone building next door, and behind is separately registered - possibly leased from LBL, but actually Metropolitan new-build on an old bomb site.

The interesting thing is all the registry numbers are given from Moorland Road to Shakespeare Road on CHL southside.
 

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editor

hiraethified
There's been a motorbike crash outside the Barrier Block. The rider was walked tenderly into an ambulance so hopefully he wasn't hurt too bad.
 

Gramsci

Well-Known Member
Its been very quiet outside the Domino club since the murder on CHL.

No one selling drinks in the courtyard since the murder. Or anyone hanging around.
 

editor

hiraethified
Odd scenes in Morleys. There's four cops pinning a guy on the floor who keeps shouting out for help and asking people to call the cops, while customers step over him to place their orders. Two more cops are standing around and an ambulance has arrived. Given the cops record in these kind of things, I'm keeping an eye out and will video anything that looks dodgy.

It's quite harrowing: the guy has now been strapped down into a stretcher and is shouting that 'they want to kill me' as he's been put in the ambulance.
 

CH1

"Red Guard"(NLYL)
Odd scenes in Morleys. There's four cops pinning a guy on the floor who keeps shouting out for help and asking people to call the cops, while customers step over him to place their orders. Two more cops are standing around and an ambulance has arrived. Given the cops record in these kind of things, I'm keeping an eye out and will video anything that looks dodgy.

It's quite harrowing: the guy has now been strapped down into a stretcher and is shouting that 'they want to kill me' as he's been put in the ambulance.
How come you're posting this at 12.20 am? Are Morely's doing an all-nighter?

Actually I could imagine such a scene happening to me at my doctor's surgery (which as 4 stars for Mental Health from the CQC (Care Quality Commission) because twpo of the "doctors" have certificates in Mental Heath, so clearly know how to deal with such people.

The best people to deal with paranoia in Brixton are the Beehive, The send out a flotilla of barmen from behind the bar and surround the person, gently walking them out the door.

Paranoia is difficult and embarrassing for people. But in this nocturnal vision you had in Morleys, the paranoid person was being taken off by ambulance. Ergo I suggest they would be likely to be spending six months in Luther King Ward at the Lambeth Hospital - unless they've got good lawyers.
 

editor

hiraethified
The late night Barrier Block outdoor dancehall disco is going strong again right now. Every song with that fucking unbearable pitch-altering effect!
 

CH1

"Red Guard"(NLYL)
The late night Barrier Block outdoor dancehall disco is going strong again right now. Every song with that fucking unbearable pitch-altering effect!
Surely you are not condemning the vocoder?
This instrument was pioneered by WDR (West German Radio) in the 1950s and Robert Moog in the 1960s.
Annoying, but venerable.
 

editor

hiraethified
Surely you are not condemning the vocoder?
This instrument was pioneered by WDR (West German Radio) in the 1950s and Robert Moog in the 1960s.
Annoying, but venerable.
Not a vocoder!
it later emerged that the effect was not created by a vocoder, but by using extreme (and then-unheard-of) settings on Antares Auto-Tune.
Cher Effect - WikiAudio

The guys finished off their night with lots of shouting a fight around 2.30am, btw.
 
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editor

hiraethified
I forgot to add: one of the highlights of the late night bunfight last night was hearing one guy bellowing, "I'm a murderer, I'm a murderer..." repeatedly while his friend sagely opined, "See what liquor does to us all...."
 

editor

hiraethified
Remember that fantastic new
You actually think there's going to be a public walkway there any time soon, even after every last element of the site is 100% complete?
Fast forward eight months and that promised new public thoroughfare behind The Edge is still looking very, very private, with secure gates keeping out the oiks.

2019-09-02_215321.jpg

Their earlier guff said:
Brixton is famous for its' live music, murals, market and cinemas, there is a strong social culture making Brixton a desirable place to live for the young professionals. There is a high demand for rental accommodation within the area, making the apartments the perfect choice for investors.
It looks like one greedy investor has taken them up and looks to have made a killing with a one bedroom flat going for £1,750 a month plus £2k deposit (no DSS or bills covered, natch).
Brixton - 1 Bed Flat, Coal Lane, SW9 - To Rent Now for £1,750.00 p/m
 
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