Tuesday, February 11, 2014

Another Canadian Junior Bites The Dust - Renegade At a 65% Premium

Pursuant to the Arrangement Agreement, Alexander has agreed to acquire all of the issued and outstanding common shares of Renegade (the "Renegade Shares") on the basis of holders of Renegade Shares ("Renegade Shareholders") receiving 2.25 common shares (0.5625 of a common share post-completion of the Alexander 4:1 share consolidation) of Alexander (the "Alexander Shares") for each Renegade Share held. Based on Alexander's five day weighted average trading price of $0.69, the implied price per Renegade Share is $1.55, representing a 65% premium to the five day weighted average trading price of the Renegade Shares of $0.94.

Profile Of Overstock's Patrick Byrne - Bitcoin Messiah, Scourge Of Wall Street

Patrick Byrne says the zombie apocalypse is coming, and there’s one thing that can save us: bitcoin.
He tells me this during a phone call from his car, a black Tesla Model S that’s winding its way through the mountains above Salt Lake City, on its way to Byrne’s home in the Utah ski country. Byrne is the CEO and chairman of Salt Lake’s, one of the world’s largest online retailers with more than $1.3 billion a year in sales, and he’s about to place an enormous bet on bitcoin, the digital currency that exists only on the internet.
In the estimation of many leading economists, bitcoin is a fatally flawed idea shaped by people who don’t really understand how money works. But Byrne is an unorthodox thinker, a three-time cancer survivor with a PhD in philosophy who’s never been afraid to fight for what the rest of the world sees as complete madness. Though he runs a company that’s publicly traded on Wall Street, he spent much of the last decade accusing Wall Street’s biggest brokers of widespread corruption — not to mention Wall Street hedge funds, analysts, reporters, and government regulators — arguing in the most grandiloquent terms that their greed would eventually bring the country crashing down. It’s no surprise that his maverick career would collide with the equally iconoclastic bitcoin. It’s as if his whole life has been leading to this.

Thursday, February 6, 2014

Man To Jump Off The Top Of Mount Everest

And here I thought climbing Mount Everest was risky enough....

Daredevil Joby Ogwyn's bid to become the first person to jump off the summit of Mount Everest wearing nothing but a 'wingsuit' is to be filmed live.
Discovery Channel bosses, who picked up Nik Wallenda's tightrope walk across the Grand Canyon last year, will screen jumper Ogwyn's record-breaking attempt in May.
Announcing the news on Wednesday, Discovery president Eileen O'Neill said: "This is history in the making. Discovery Channel continues to bring live broadcast events unlike anything you'll see on television - from Felix Baumgartner's world record for the highest space jump to Nik Wallenda's incredible tightrope walk across the Grand Canyon."

Tuesday, February 4, 2014