MPW - Aldag Interview with Bag Thomas
67 views • 3/8/2024
Discussing the fantastical elements of MPW's latest 10-K. Risk disclaimers galore.
00:00 - 00:05 | We told the PWC, fuck consent we are filing the 10K |
00:05 - 00:07 | Get a move on, consent or no consent |
00:07 - 00:10 | It's now or never |
00:11 - 00:16 | We've put enough in the risk statements to cover us |
00:17 - 00:21 | The fact that we've lied to investors for years |
00:21 - 00:24 | Opcos could mislead us with financials |
00:29 - 00:31 | Who didn't know? |
00:31 - 00:34 | Other tenants may suffer distress |
00:38 - 00:40 | Round tripping? |
00:41 - 00:47 | It's called temporary short-term support!!! Fucking our numbers |
00:47 - 00:50 | Bankruptcy of tenants could harm our results |
00:50 - 00:56 | It may be costly to replace BK tenants & we may not find suitable replacements on suitable terms. |
00:58 - 00:59 | or we pay them rent! |
00:59 - 01:01 | Then the SEC |
01:04 - 01:06 | The SEC's investigating |
01:06 - 01:08 | "comment letters" |
01:13 - 01:14 | They can fuck off |
01:14 - 01:16 | So much fraud & |
01:16 - 01:20 | we get a fucking letter |
01:21 - 01:27 | Our failure to manage growth may adversely impact finances, despite…. |
01:35 - 01:36 | round tripping for years |
01:36 - 01:39 | Then analysts even rate us! |
01:41 - 01:44 | All Steward had to do was pay fucking vendors |
01:44 - 01:47 | Ralph instead bought a yacht |
01:47 - 01:49 | Senators think we're a Ponzi |
01:50 - 01:53 | We say the same to them |
01:54 - 01:56 | we're unaccountable |
01:56 - 01:58 | Patients |
01:58 - 02:02 | Our model helps patients |
02:05 - 02:07 | Its just our operators |
02:10 - 02:11 | its short-term |
02:11 - 02:13 | We could cut their rent |
02:15 - 02:17 | but that impacts asset values |
02:17 - 02:20 | So instead we wire them a little cash |
02:21 - 02:28 | Just to get over the worst, oh & we get our rent paid |
02:29 - 02:30 | Meanwhile |
02:30 - 02:32 | we sue the critics, fuck 'em |
02:36 - 02:39 | They've built nothing |
02:40 - 02:42 | We've spent 20+ years |
02:50 - 02:55 | building a Ponzi. We sold them a turkey |
02:56 - 02:58 | So how do you win? |
02:58 - 03:04 | Win? We're fucked. Our auditor will quit |
03:04 - 03:09 | That Perring even noticed we haven't PWC consent |
03:09 - 03:11 | We know he can't read financials |
03:16 - 03:20 | So how did he spot it |
03:23 - 03:26 | we think Simone & Perring are married |
03:31 - 03:36 | Tell them to stop |
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