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Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)
Posted by GhostOfFreedom



https://www.reddit.com/r/Superstonk/comments/z4dngs/alemada_research_bought_a_onebranch_bank_for_115/
brazen fraud
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by timdonaghyswhistle on 11/25/22 at 10:38 am to GhostOfFreedom
Kim Wexler is working on it.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by NC_Tigah
on 11/25/22 at 10:46 am to GhostOfFreedom


Go Cougs!

re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by auggie
on 11/25/22 at 10:55 am to GhostOfFreedom

How often do you find a bank on a gravel road?
It was worth all that money because it's so rare.
It was worth all that money because it's so rare.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by SlowFlowPro
on 11/25/22 at 11:01 am to GhostOfFreedom


quote:
brazen fraud
Explain
Seems like a great example of how they lost so much money that SBF stole from FTX to prop it up.
Did someone important own that bank or something?
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by umrebel2009
on 11/25/22 at 11:04 am to GhostOfFreedom

Bank / liquor store / pawn shop
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by BoarEd
on 11/25/22 at 11:07 am to SlowFlowPro

quote:
SlowFlowPro
It's frickin hilarious to see what this clown has become.

re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by Chief One Word
on 11/25/22 at 11:12 am to GhostOfFreedom


Is this in Washington State? I see the "Go Cougs" sign on the door and assume there are no Cougs fans beyond that state.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by NCIS_76
on 11/25/22 at 11:22 am to umrebel2009


quote:
Bank / liquor store / pawn shop
Brothel
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by NCIS_76
on 11/25/22 at 11:23 am to SlowFlowPro


You wake up every morning hating the world, don’t you?
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re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by Nado Jenkins83
on 11/25/22 at 11:30 am to GhostOfFreedom

Wonder if they looking to sell that pop up
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by SlowFlowPro
on 11/25/22 at 11:43 am to NCIS_76


quote:
You wake up every morning hating the world, don’t you?
By living in reality?

re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by SlowFlowPro
on 11/25/22 at 11:54 am to BoarEd


quote:
It's frickin hilarious to see what this clown has become
Explain the fraud, please.
Did someone important own that bank? If not, where does fraud come in? Seriously. This just sounds like a dumb investment, of which there were clearly many because the phone lost billions of dollars
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by BigMob
on 11/25/22 at 11:55 am to Chief One Word


quote:
Is this in Washington State? I see the "Go Cougs" sign on the door and assume there are no Cougs fans beyond that state.
BYU/Utah ? High school team ?
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by RogerTheShrubber
on 11/25/22 at 11:57 am to GhostOfFreedom

Money laundering.
Most professional services participate, some unknowingly.
Most professional services participate, some unknowingly.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by stout
on 11/25/22 at 11:58 am to SlowFlowPro


quote:
Explain
Seems like a great example of how they lost so much money that SBF stole from FTX to prop it up.
Did someone important own that bank or something?
If the bank had assets and some nice receivables on loans then $11.5 million might not be that bad. Physical location means jack shite.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by thermal9221
on 11/25/22 at 11:58 am to SlowFlowPro

quote:
Explain the fraud, please
Yeah, I want to know too.
They bought a bank turned into brazen fraud.
Is there fraud somewhere in there? It’s possible.
The all up in outrage to your question…look at who posted it.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by Bard
on 11/25/22 at 12:03 pm to SlowFlowPro

quote:
Explain
Seems like a great example of how they lost so much money that SBF stole from FTX to prop it up.
My guess would be it's a piss-poor investment (maybe to help a friend?), a method for money laundering or both.
At the very least, the investment raises many questions.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by BengalOnTheBay on 11/25/22 at 12:08 pm to Chief One Word
quote:
I see the "Go Cougs" sign on the door and assume there are no Cougs fans beyond that state.
Pretty serious assumption to think they were talking about a sports team.
re: Alemada Research bought a one-branch bank for $11.5 million and it looks like…..this (FTX)Posted by fisherscatfan
on 11/25/22 at 12:14 pm to auggie

I spent my career working with community banks. Now most of my clients were much, much larger than that. Most of their branches were bigger than this bank.
However I did have one client that was just 4 million in assets. A guy bought them for the charter. Several years after he bought them, the bank was now over a billion in assets. The new bank became my client because they outgrew the small firm they were using. Now they are over 10 billion in assets and on NASDAQ.
Getting a bank charter is so difficult after the Great Recession. Buying a small bank for the charter became popular. Often paying multiples of 2 to 3 times book value. HOWEVER, regulators have to approve and they want a business plan. They examine against that business plan but regulators are more than happy to get rid of small banks as they see them as a nuisance.
Would love to see the Moonstone bank exams but they are not public information.
However I did have one client that was just 4 million in assets. A guy bought them for the charter. Several years after he bought them, the bank was now over a billion in assets. The new bank became my client because they outgrew the small firm they were using. Now they are over 10 billion in assets and on NASDAQ.
Getting a bank charter is so difficult after the Great Recession. Buying a small bank for the charter became popular. Often paying multiples of 2 to 3 times book value. HOWEVER, regulators have to approve and they want a business plan. They examine against that business plan but regulators are more than happy to get rid of small banks as they see them as a nuisance.
Would love to see the Moonstone bank exams but they are not public information.
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