Thursday, September 27, 2012

Eric Schmidt Going Gangnam Style - Bad Sign for Goog

Eric Schmidt Going Gangnam Style - Bad Sign for Goog

Can you go here and not YAWN?!?

Can you go here and not YAWN?!?

Red Line

Red Line

A Father Of High-Speed Trading Thinks We Should Slow Down

A Father Of High-Speed Trading Thinks We Should Slow Down

Thomas Peterffy's life story includes a typing robot, a proto-iPad, and a vast fortune he amassed as one of the first guys to use computers in financial markets.
On today's show, Peterffy tells us his story — and he explains why he's worried about the financial world he helped create.
We learned of Peterffy's story from the forthcoming book Automate This.

Wednesday, September 26, 2012

Ironically, ZTE's chief patent officer is former Nokia!

Ironically, ZTE's chief patent officer is former Nokia!

Ray Wood from Dallas.

Interesting writeup on ZTE VRNG Case

"This is an example of a standard "Patent Infringement Letter" sent out by NPEs to inform manufacturers that the patent holder is asserting their rights, as explained in my previous post on the VHC message board (message #18020). VRNG has most likely identified a number of targets and there will indeed be more.
 
Normally companies do this under the radar and do not file 8-Ks or PRs. However in VRNG's case I suspect they are strategically making some noise to let the industry know they have arrived and that they mean business. ZTE is involved in disputes with other NPEs regarding standards essential telecom patents and my hunch is they aren't going to just roll over right away."

Declaration of Jennifer Ghaussy

Declaration of Jennifer Ghaussy


Ghaussy

“Going against the grain is clearly not for everyone – and it doesn’t tend to help you in your social life – but to make the really large money in investing, you have to have the guts to make the bets that everyone else is afraid to make.” - Carlo Cannell

“Going against the grain is clearly not for everyone – and it doesn’t tend to help you in your social life – but to make the really large money in investing, you have to have the guts to make the bets that everyone else is afraid to make.” - Carlo Cannell

“Money is made in the dark, not in the light of day. Rejoice in the gloom and fear and consider adding to your investment.”

“Money is made in the dark, not in the light of day.  Rejoice in the gloom and fear and consider adding to your investment.” -  Carlo Cannell 

One day Chart of Company Rallying on Positive Court Result

One day Chart of Company Rallying on Positive Court Result

Short squeezes are more likely to occur in stocks with small market capitalization and small floats, although can involve large stocks and billions of dollars

Short squeezes are more likely to occur in stocks with small market capitalization and small floats, although can involve large stocks and billions of dollars, as happened in October 2008 when a short squeeze temporarily drove the shares of Volkswagen on the Xetra DAX from €210.85 to over €1000 in less than two days

Tuesday, September 25, 2012

ZERO's Current Scheme Is Nearly Identical To The Program That Led To An SEC Halt And Fraud Charges In 2001

ZERO's Current Scheme Is Nearly Identical To The Program That Led To An SEC Halt And Fraud Charges In 2001

The purpose of this opening rant is to communicate to our readers that when we publish a report on a company, we have generally spent hours upon hours poring through the regulatory filings as well as conducting background checks on nearly everyone involved with the enterprise. We view our track record as merely a testament to the fact that the information we uncover is so material to the investment making process that it causes an imminent revaluation of the share price.
History Repeating
Today's report may provide some of our readers with a surreal case of Déjà vu in what is yet another unique OTCBB experience. We have uncovered a company trading at a $242 million valuation that not only has zero revenues, just $59,892 in cash, and $3.6 million in negative shareholder equity (liabilities that exceed assets) but was sued in 2001 by the SEC for engaging in exactly the same type of promotion that we believe has led naïve investors to purchase the shares en masse contributing to a 300% gain in the share price in less than 10 days. Investors and their short memories have apparently forgotten how to use the handy SEC website as anybody could find the well documented case of management hyping shares with dreams of a new technology that would revolutionize a multi-billion dollar industry. We believe the case to be so identical that we have decided to write the report in a format that places the SEC case on the left and the current promotion on the right highlighting the similarities in the most efficient manner. This is the story of Save The World Technologies, Inc. (ZERO.OB)
ZERO Fundamentals
Shares Outstanding (6/30/2012)
128,500,000
Most Recent Share Price (9/24/2012)
$1.89
Market Value (9/24/2012)
$242,800,000
Cash as of June 30,2012
$59,892
Debts & Liabilities as of June 30,2012
$-3,620,000
Shareholder Equity as of June 30,2012
$-3,422,000 (ZERO is essentially insolvent)
Revenues as of June 30,2012
Zero
Undisclosed Shares in Float
121,226,900
Value of Undisclosed Shares in Float
$229,118,410
ZERO Corporate Offices
735 State Street, Suite 500, Santa Barbara, California 93101
ZERO Research & Development Center (Taken Directly from ITEM 2. Of the 10Q)
235 Tennant Avenue Morgan Hill, CA 95037

Peterson: Founder of Blackstone - Must have 'shared sacrifice' - higher taxes and cuts from Private Equity Bigwig

Peterson: Founder of Blackstone - Must have 'shared sacrifice' - higher taxes and cuts from Private Equity Bigwig

Friday, September 21, 2012

A $400 Million Company Run By A CEO With Undisclosed Criminal Convictions

A $400 Million Company Run By A CEO With Undisclosed Criminal Convictions

Introduction
In this report we focus on Clear System Recycling Inc. (CLSR.OB) a company that has yet again managed to redefine our already murky view of the OTCBB microcap world. After investigating for several weeks and conducting extensive background checks on the principals we discovered that the CEO and founder of the company merging into CLSR has a serious criminal background having been convicted in the 1980s and early 1990s for "Counterfeiting US Currency" and "Building and Detonating Explosives". The CEO, Mark Ghighlieri (who now appears to be an art dealer and also goes by the name of Marco Selvaggia) has spent hard-time in jail for crimes that are so serious they are unheard of even for the OTCBB world.
While we are still scratching our heads as to how security regulators and gatekeepers have let this slip, Mr. Ghiglieri has been busy promoting the shares of CLSR to a valuation which is now approaching $400 million. As with all pump and dumps there are nearly 12 million undisclosed shares that were secretly purchased for $.004 a share (less than half of one penny) and are being sold into the unsuspecting retail investor at $5.50 a share through a little known broker in Toronto, Canada.

Sunday, September 16, 2012

Aquarius platinum mine to re-open Monday

Aquarius platinum mine to re-open Monday

Amplats to resume work as S.Africa police get tough

Tourist-bashing turns ugly in Berlin

Tourist-bashing turns ugly in Berlin

Our business in life is not to get ahead of others, but to get ahead of ourselves - Stewart Johnson

Our business in life is not to get ahead of others, but to get ahead of ourselves
-- to break our own records, to outstrip our yesterday by our today. -- Stewart B. Johnson

Hadith

Allah's Apostle said: "I have been ordered (by Allah) to fight against the people until they testify that none has the right to be worshipped but Allah and that Muhammad is Allah's Apostle, and offer the prayers perfectly and give the obligatory charity, so if they perform a that, then they save their lives an property from me except for Islamic laws and then their reckoning (accounts) will be done by Allah." (Sahih Bukhari, 1:2:24 [see also 4:52:196]) 

It is reported on the authority of Abu Huraira that he heard the Messenger of Allah say: I have been commanded to fight against people, till they testify to the fact that there is no god but Allah, and believe in me (that) I am the messenger (from the Lord) and in all that I have brought. And when they do it, their blood and riches are guaranteed protection on my behalf except where it is justified by law, and their affairs rest with Allah. (Sahih Muslim, 1:31 [see also 1:130, 1:32, 1:33]) 

The Prophet (peace be upon him) said: I am commanded to fight with men till they testify that there is no god but Allah, and that Muhammad is His servant and His Apostle, face our qiblah (direction of prayer), eat what we slaughter, and pray like us. When they do that, their life and property are unlawful for us except what is due to them. They will have the same rights as the Muslims have, and have the same responsibilities as the Muslims have. (Sunan Abu Dawud, 14:2635) 

A man came to the Prophet and asked, "A man fights for war booty; another fights for fame and a third fights for showing off; which of them fights in Allah's Cause?" The Prophet said, "He who fights that Allah's Word (i.e. Islam) should be superior, fights in Allah's Cause." (Sahih Bukhari, 4:52:65 [see also 9:93:550 and Sahih Muslim,20:4684, 20:4685, 20:4686, 20:4687])

Dinner Option?

Dinner Option?

Israel Syria Nuclear Strike Confirmed

Israel Syria Nuclear Strike Confirmed

Wednesday, September 12, 2012

S&P cuts MGIC Investment Corp. Jr. Sub debt to 'C'

S&P cuts MGIC Investment Corp. Jr. Sub debt to 'C'

Getting Burned by FB Suckers Rally

Getting Burned by FB Suckers Rally

Why 'MODERNIST' Is An Idiot: DDMG Bankrupt

MODERNIST = IDIOT

"Digital Domain Media Group (DDMG) holds meaningful intellectual property for 2D-3D conversion. Meaningful enough that Samsung called them to protect itself against infringement liability.
We ourselves were contacted by Samsung over the summer, and we hadn't written a letter to them or threatened them, we didn't even know them, and they paid us $3.5 million to not sue them when we had never called them.
(quote from Q4 earnings, transcript available here)
But unlike some, Digital Domain is not using its IP to sue the leaders in their industry -- instead, they're partnering with leaders from several industries, and leading their own industry, which is digital visual effects. What "visuals" means for DDMG is the task of translating ideas into data, and data into images. Images can be manipulated as images, video, 3D imagery, or interactive media like games or robots.
The technical terms to describe this are "digital visual effects" (VFX) and computer-generated (CG) animation. I like to think of them as imaging engineers, analogous to software engineers, who not only create products, but develop the best practices for advancing the profession. The business model analogy to describe this company is: quants moving out of the back offices at hedge funds and starting up their own firms. Many saw the role of quants as purely technical, but quants knew better: they were creating value worthy of a creator's premium. DDMG is a pioneer in recognizing this in terms of visual modeling and effects."
 
I predicted this a couple weeks ago:
[...]we see a digital domain overlapping with physical. That's bullish for DDMG, whose private-placement investors paid more for shares prior to IPO in a bearish 2011 season than the current price.
If you didn't buy yet, don't flinch. The stock has retraced. And sub $21, there's still more than considerable immediate potential upside. Here's what you need to know:
  • They're the best at what they do: Visuals in Titanic, Avatar, and 2013 hit "Ender's Game" which will be their first ownership project. (My editor asks "how can something due in 2013 be called a hit?" I, Modernist, am "calling" it.)
  • They've very recently transitioned from a flat work-for-hire model into a diversified pipeline of ownership ventures; this was the earnings hiccup which is allowing the current discount.
  • A comparable but inferior company (The Mill) was bought out for 190MM, implying a margin of safety.
  • They've got their hands in military simulations, surgical simulations, for-profit education domestically and abroad, movies, television, advertising, video games, holograms, and who knows what else.
If you read through my prior articles, you'll see that I very rarely make an explicit prediction along the lines of a stock moving from $200MM to $1BB in a year. But for DDMG I made an exception several weeks ago. This is the kind of stock that will freak you out. In a good way.
I suggest to investors that they do not wait for a pullback in the stock because there is substantial upside and negligible downside. There could be a pullback, but now is the time to be greedy, not fearful. Investors should realize the market is unpredictable and may take some months to appreciate this stock. However, events such as the Tupac hologram will continue to illustrate to the unimaginative market what my readers already can see. Don't procrastinate; don't chase alpha.
The stock itself is suffering from a lack of coverage. Stocks at this level are too small for institutional investors to participate in and are thus neglected by financial media, because financial media is built around institutional investment. Also, this stock is volatile, so hedge fund managers with one-year watermarks are presented an additional barrier to entry beyond instrument size.
Frankly I think the stock does not have sufficient data to incorporate a fundamental analysis of the trading of shares themselves, and should instead be valued as a venture capitalist would value a maturing startup. Instagram, admittedly a social network but based on visual technology, sold to Facebook for $1BB. I am quite comfortable imagining that in the years ahead Digital Domain will generate a diverse stream of high-margin revenues from its leveraged status as an industry leader, so I am not shy in saying the current market cap should be $1BB. Each of these 4 businesses alone is worth 250MM: movies/TV/advertising, education/software, holograms/simulations, intellectual property.
This is a leading media stock that should have a Facebook (FB) type of premium but instead has an old-media multiple. They've got their heads down generating value and they don't have time to cater to Wall Street accountants. See past the stock and look at the company. They have been involved in the most profitable visual media projects of all time, and have only recently decided to command ownership stakes. It really is a startup.
You can wait for the stock market's optimism to catch up with the company's strategic position, and do the fundamental analysis then, or you can buy now and profit from it.
If you like, you can print out the stock chart and draw some lines through it and imagine a predictable upswing. I prefer to connect the dots of the future, not of a chart.
Or maybe you can read the other financial media's opinion about this stock. You know, the other guys who predicted the hologram. Let me know when you find them.
One of my media colleagues at Seeking Alpha who also likes to look forward instead of backward is Chris Katje, who provides further details on DDMG general operations here with his price target of $14. Mine is closer to $20 and both are on a scale of one year.

Tuesday, September 11, 2012

An Activist's Sweet Gains

An Activist's Sweet Gains

Bio


SPYING A BARGAIN and unlocking its value take two very different talents. It's quite clear, for instance, that a cold can of soda costs a lot less in a supermarket than it does on a hot beach. Not everyone, however, has the inclination to take advantage of that price discrepancy. Timothy Edward Brog, as a kid, was one of the exceptions.
"We used go to the IGA and buy its soda for 10 cents and put it on ice and sell it on the beach for 50 cents or a $1," says Brog, now 42 and president of Pembridge Capital Management, a two-year old hedge-fund firm based in New York.
, the fabled maker of Bazooka gum, Ring Pop candy and collectible trading cards. He has also shaken up the likes of Vestcom International, a maker of labels, and Register.com, a provider of Internet domain names.
As big, activist investors like Carl Icahn and Kirk Kerkorian take aim at such giants as Time Warner and General Motors, Brog and a number of other young hedge-fund pros are doing exactly the same with smaller quarry.
Brog, for one, has been racking up big-league returns sometimes tripling his money in little more than a year. And he clearly is thriving on the pressure.
"The odds are so stacked in favor of the company," he says of his adversaries. "They have an unlimited purse that comes out of the shareholders' pocket. There is an incumbent bias, so in order to win you have to have a compelling case."
The tall, lanky Brog, who earned his spurs as a mergers-and-acquisitions lawyer at Skadden, Arps, Slate, Meagher & Flom, now operates from a tiny closet of an office in midtown Manhattan.
He spends his days seeking out companies with overpaid, underperforming managements and trying to make them do right by investors. He usually takes his case directly to shareholders via proxy fights for board seats.
A study by Institutional Shareholder Services, a corporate-governance research outfit serving big investors, found that the number of proxy proposals focusing on executive compensation was up 4.8% this year through August, compared with the year-earlier period.
At Brog's level of the action, it's less a reprise of the barbarians that stormed the gates in the 'Eighties than what might be called the Children's Brigade. "We are young, we are aggressive and we don't like the status quo," says Arnaud Ajdler of Crescendo Partners, a 30-year-old Belgian engineer with a degree from the Massachusetts Institute of Technology and an MBA from Harvard who has teamed up with Brog in the fight for Topps.


Ajdler calls Brog a throwback to the days when shareholders had the ear of management. "Fifty or 75 years ago people like J.P. Morgan dominated the stock market and they behaved like managers and were very active in the company they owned," he says.
Brog's fund, with relatively modest assets of less than $50 million, is able to maximize its impact by sticking to small-capitalization stocks. He avoids companies that have two classes of voting stock or where the chairman owns a blocking stake in the company; he figures his odds in those situations would be too slim. He also prefers companies with clearly frustrated shareholders and easy-to-understand businesses. "If I can't explain it to my mother, I don't feel comfortable I have the expertise to deal with it," he says.
Topps fit the bill nicely. Although Bazooka Joe has been a friend to generations of bubble blowers, the New York City-based company has been struggling as the confectionery market has evolved. Topps' annual revenues dropped 33% over the past five years and profit margins have dwindled.
Brog's Pembridge Value Opportunity Fund began taking a position in the stock when it was at $8.47 in April of 2005. Although he took less than 1% of the shares outstanding, he wasted no time agitating for change. His claim: The company had been run like an old family candy shop, with CEO Arthur T. Shorin not only drawing a sweet $1.5 billion in annual compensation but employing his son-in-law, Scott Silverstein, as president.
Pembridge soon launched a proxy contest with lawyer John Jones, another Skadden Arps alumnus, and Ajdler, who became interested in the company because his daughter is partial to Ring Pops finger rings with big rocks of candy.
Last month, all three investors won positions on Topps' 10-member board. They are pushing Topps, with a market value of $353 million, to sell itself in pieces. The parts, Brog argued in the proxy contest, are worth far more than the whole. Topps' management, which wouldn't comment for this story, has said only that Brog & Co. aren't qualified to be on the board.
As yet, the stock has climbed only 6.5% since Brog bought in, to about $9 last week. Brog, however, is a tenacious fellow, and he says his work has only begun. Ultimately, says Jim Barrett of research firm C.L. King & Associates, Topps could be worth 11 a share in a breakup.
Struggles like that are getting be standard procedure for Brog.
"Our goal is to do a whole host of things to maximize shareholder value, and that can include selling off pieces, issuing a special dividend, slicing off part of the business and discontinuing it," he says.
Sometimes, as with Vestcom International, Brog tries to force a company to go private. The West Caldwell, N.J., company makes the labels and tags for stores like Kroger, Walgreens and Target. Brog liked its product, but its stock was selling at a low multiple to cash flow when he bought a 2.7% stake in 2001 through an investment fund he formed for the purpose. He launched a proxy battle that led to Vestcom's sale to a New York private-equity firm, Cornerstone Equity Investment. He had bought the shares for an average of $1.86 and sold most of them at an average of $5.85 all in just 16 months.
"Vestcom should not have been a public company," Brog says. "It was too small."
As for Register.com, it was the hordes of cash that attracted him. He accumulated its stocks between $2.90 and $3.31 a share in the fall of 2002, and began indirectly pressuring the board. He sold out for an average price of $5.79 a share eight months later, after Register was sold to private-equity firm Vector Capital.
Brog, who declines to provide overall results for his Pembridge fund, has been fighting the capitalist fight since his boyhood in Manhattan. Although he grew up on Manhattan's posh Upper East Side, his mom, Sheila, made sure he kept his distance from silver spoons. "I remember when I was about six years old, I told my mom I wanted to buy something, and she said 'Well, get a job,' " he recalls.
He took the advice to heart. After getting a B.A. from Tufts University in 1986, he worked as an M&A analyst at Kidder Peabody while simultaneously earning a law degree from Fordham University. He spent six years at Skadden Arps as an associate in corporate finance and M&A, before leaving to become managing director of the Edward Andrews Group, a middle-market boutique investment bank.
These days, when not throwing himself into investor activism, he joins with his wife, Jennifer, in another famously high-pressure activity: getting kids (two daughters) into the private nursery schools of Greenwich, Conn., where the family lives.
"Luckily, we have been successful in working our way through the system," Brog reports. Chances are, he will be just as successful in his next boardroom skirmish.

Democrats better for Wall Street than Republicans, research shows

Democrats better for Wall Street than Republicans, research shows

Analysis of stock market returns under every president since 1900 shows Democrats do almost twice as well as Republicans

Monday, September 10, 2012

"Character is like a tree and reputation like a shadow. The shadow is what we think of it; the tree is the real thing." - Lincoln


"Character is like a tree and reputation like a shadow. The shadow is what we think of it; the tree is the real thing."

Abraham Lincoln

Sunday, September 9, 2012

FBI to roll out $1 billion public facial recognition system in 2014, will be on to your evildoing everywhere

FBI to roll out $1 billion public facial recognition system in 2014, will be on to your evildoing everywhere

They're watching you -- or at least will be in a couple of years. That's when the FBI is gearing up for a nationwide launch of a $1 billion project designed to identify people of interest, according to the New Scientist. Dubbed the Next Generation Identification (NGI) program, the high-tech endeavor uses biometric data such as DNA analysis, iris scans and voice identification to track down folks with a criminal history. The FBI also plans to take NGI on the road literally by using public cameras to pick faces from the crowd and cross check them with its national repository of images. Let's just say this facial technology isn't going to be used for lighthearted Japanese vocaloid hijinks or unlocking your electronic device. The use and scope of NGI, which kicked off a pilot program in February, will likely be questioned not just by black helicopter watchers but privacy advocates as well.

Thursday, September 6, 2012

DHS domain name seizures draw ire of House members

DHS domain name seizures draw ire of House members

"
Three members of the House Judiciary Committee have voiced their concerns to Attorney General Eric Holder and Homeland Security Secretary Janet Napolitano regarding the DHS's seizure of domain names as part of Operation In Our Sites.
In an Aug. 30 letter (.pdf) to Holder and Napolitano, Reps. Jason Chaffetz (R-Utah), Zoe Lofgren (D-Calif.) and Jared Polis (D-Colo.) charged that complaints from several websites and press accounts "indicate that In Our Sites has resulted in the seizure of domains without sufficient due process and transparency, based on links and content that appear to have been lawfully provided to the sites." 
Launched in November 2010, Operation In Our Sites is a law enforcement initiative managed by DHS's Immigration and Customs Enforcement to protect consumers by targeting counterfeit and piracy on the Internet. As the principal investigative arm of DHS, ICE is a law enforcement agency with broad responsibilities for a number of key homeland security priorities including Operation In Our Sites. According to a July 2012 DHS press release, 769 domain names have been seized to date under Operation In Our Sites, of which 229 have been forfeited to the federal government.
"Our concern centers on your Department's methods, and the process given, when seizing the domain names of websites whose actions and content are presumed to be lawful, protected speech," the letter states. "We are deeply concerned that ICE and its sister agencies may be failing to properly investigate and prosecute cases brought under the [Prioritizing Resources and Organization for Intellectual Property Act of 2008]."
In their letter to Holder and Napolitano, the members of Congress cite the case of the domain name seizure of a website called Dajaz1, which was taken down by prosecutors working with the operation. In the Dajaz1 case, ultimately, the affidavit on which the seizure was based proved to be inaccurate. Nevertheless, ICE and the Justice Department suppressed the website for more than a year before it was determined there was a lack of probable cause and the seized domain was restored."

Wednesday, September 5, 2012

Monday, September 3, 2012

Odd Jobs: Deer Urine Farmer

Odd Jobs: Deer Urine Farmer

Burning Man (Amazing Pics) 2012

Burning Man (Amazing Pics) 2012

"Out on the playa of Nevada's Black Rock Desert, more than 50,000 participants gathered last week to form Black Rock City, a temporary city that became the home of the 26th annual Burning Man Festival. Every year, participants from around the world descend on the playa -- performers, artists, free spirits, and more -- to form a self-reliant community, to dance, to express themselves and take in the spectacle of the festival. Reuters photographer Jim Urquhart spent the week on the playa, and returned with these photographs, taking us along on a virtual visit to Burning Man 2012."

Americans Take Day Off From Looking For Work

Americans Take Day Off From Looking For Work

NEW YORK—Citing the day-in, day-out grind of waking up early every morning and plugging away nonstop to find a job, Americans across the nation are spending their Labor Day taking a well-deserved day off from looking for work.
Whether it’s spending time at the park, firing up the grill, or simply enjoying a relaxing day inside watching television, U.S. citizens, who reportedly work an average of eight hours a day searching for employment, said they were glad to take some time off from the near-constant pressure of their job hunts.
“It’s definitely good to recharge,” said unemployed operations manager Rob Wilkes, 44, who vowed to relax and not send a single looking-for-work-related email the entire day. “I honestly can’t remember the last time I took a day off from trying to find a job.”
Added Wilkes, “Labor Day last year, maybe?”
Stating how important their finding a career is to them, Americans admitted it would be somewhat difficult to completely tear themselves away from various work-seeking responsibilities that typically pop up during the day, such looking through the classified sections of multiple newspapers, and blindly sending out dozens of resumes and cover letter.
However, citizens maintained that their lives can’t just revolve around their job search, and that it's essential to take some time away from the grueling—and some would say mind-numbing—hours spent staring endlessly at a computer monitor displaying Monster.com and LinkedIn.
Moreover, for the entire day, Americans have vowed to completely avoid discussing the subject of finding work, and just enjoy hanging out with friends, relatives, and former coworkers.
“I’m constantly in looking-for-work mode,” said former market researcher Amanda Cooper, adding that Monday through Friday from 8 a.m. till 6 p.m. she can be found glued to her bedroom desk trying to find a job. “But you know what? It’s Labor Day. I’m not going to think about all the follow-up phone calls I have to make to potential employers, or how I’m behind on updating my CV. In fact, there is a job application to Burger King sitting on my kitchen table right now, and it’ll just have to wait until tomorrow.”