re: Let’s discuss WTRH in this thread

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I’m surprised this hasn’t gotten more discussion. It seems like he feels entitled to returns and his investments shouldn’t be subject to risk like everyone else.

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I don’t want to derail but that wasn’t the issue at hand to my limited knowledge. Brees is an idiot, but the guy selling him the jewelry grossly inflated the value/ appraisal of the jewelry at the time of purchase. I believe it was more like purchase this for X and the appraisal is X + Y when in reality the value of the jewelry at time of purchase was X - Z. Anytime someone buys jewelry with some value the appraisal is always higher but in reality for a vast majority if you try and re sell it is is less then you paid. So it wasn’t necessarily that the jewelry was supposed to increase in value but that it was worth more from the beginning. Which I guess is somewhat the same. But all Brees had to do was get an independent appraisal before dropping $20 mil and he’d have known.

Eta: are there any expectations of what’s going to happen with the stock this low? Surprised buy outs aren’t being discussed from someone like Uber Eats with stock options. Uber has to have that kind of money available.