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Weekend Gripes

Space X:  I don't know if collapse is the right word, but the shares are currently trading at $123.00 down from a peak of $201 and an issue price of $165.   The problem with SpaceX is that it generated no profits, in addition, the company has aggressively moved into the world of AI, which has little to do with its space venture. In fact, the free cash of the company appears to be destined to that endeavor rather than rocketry.

Truth Social: In another note, I made the comment that Truth Social Media had increased the value of its intangible assets by nearly $1.1 billion (up from $25 million).   Apparently, there is an explanation, it's the brand. You see, Truth social is so valuable (despite generating no profits and declining revenues) that the company management (with the agreement of the auditors) has assessed that the company has an additional intangible value of $1.075 billion.  I'm just not interested enough to get to the bottom of all this.  Bottom line we are seeking games being played that equal Enron and MCI (You may have to look it up).

Finally, CHOCOLATE, it seems that the practices of North Americans have now reached our shores.  It has been known for some years that there is no milk in US ice cream, and no cocoa butter in "chocolate" bars, it appears that it is also true for what is produced here now.  I always go the basics and the cost of our chickens…it's just not free to make food.   There is a good reason why Americans are so obese, the only thing they eat is sugar and corn and chemical products.   I have seen bread in the US that had been kept for more than a month and was still "Fresh".    Also, it appears that Lindt chocolate (at least in America) has a lead problem in its chocolate bars.  Lets not forget that Lindt is considered premium.  

All this reminds me of Diddley Squat Farm and Pub that have a rule that no ingredients will be sourced from more than 15 miles from their farm.  What was a ploy to destroy the project has become its biggest selling point.  Real food, real ingredients!  There's a lesson there!


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