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Bubble? Meet The $25 Million Grilled-Cheese Truck

Tyler Durden's picture




 

Submitted by Tim Price via Sovereign Man blog,

 

 

There are some time-honoured signs of an impending market top.

One of them is that margin debt has peaked.

Another is that interest rates are going through the floor.

Another is that the velocity of money is also going through the floor.

Another is that Goldman Sachs’ Senior US Investment Strategist Abby Joseph Cohen reckons the stock market is relatively cheap, an opinion which she generously gave at a recent Barrons roundtable.

Barrons actually gave us two signs of a market top for the price of one (but then everything’s devalued these days) – their February 6th edition pointed out that the value of fine art sold at auction had quadrupled from $3.9 billion in 2004 to some $16.2 billion in 2014.

Barrons then tastefully offered readers a choice between the conclusions of malign ‘bubble’ and benign ‘boom’.

The problem is that in an environment of ubiquitous government manipulation, markets can trade at whatever levels central bankers want them to trade at, for a period at least.

So we’re not going to be rash enough to call a market top; we’ll merely draw attention to some anecdotal evidence of a certain, how shall we put it, irrational exuberance at work in the US stock market.

We tip our hat to the Wall Street Journal for the recent news that Carmine “Tom” Biscardi is on the hunt for Bigfoot, and is planning an IPO to fund the expedition:

“Mr. Biscardi and his partners hope to raise as much as $3 million by selling stock in Bigfoot Project Investments. They plan to spend the money making movies and selling DVDs, but are also budgeting $113,805 a year for expeditions to find the beast. Among the company’s goals, according to its filings with the Securities and Exchange Commission: “capture the creature known as Bigfoot.”

 

“Investment advisers caution that this IPO may not be for everyone. For starters, it involves DVDs, a dying technology, said Kathy Boyle, president at Chapin Hill Advisors. Then there is the Sasquatch issue. She reckons only true believers would be interested in such a speculative venture.”

This is a wonderful instance of life imitating art. Note the similarities between the Bigfoot IPO and The Onion’s satirical market scoop from November 1999 (the date is instructive):

“LAKE ERIE—Seeking to capitalize on the recent IPO rage on Wall Street, Lake Erie-based blue-green algae Anabaena announced Tuesday that it will go public next week with its first-ever stock offering.

 

“Anabaena, a photosynthesizing, nitrogen-fixing algae with 1999 revenues estimated at $0 billion, will offer 200 million shares on the NASDAQ exchange next Wednesday under the stock symbol ALG. The shares are expected to open in the $47-$49 range.”

Markets are allowed their petty indiscretions, of course. But these petty indiscretions seem to be piling up.

Bloomberg last week drew attention to the fact that shares of The Grilled Cheese Truck Inc. had commenced trading on the OTCQX marketplace under the ticker GRLD:

“Let’s look at the fundamentals of the Ft. Lauderdale, Florida-based company. Based on the 18 million shares outstanding and a recent stock price of $6 the company has a market value of about $108 million.

No matter how much you like grilled cheese… I can’t see this as a reasonable valuation.

 

“If you go to the company’s website, you will learn that ‘The company currently operates and licenses grilled cheese food trucks in the Los Angeles, CA area and Phoenix, AZ and is expanding into additional markets with the goal of becoming the largest operator in the gourmet grilled cheese space.’

 

“[A]ccording to the company’s financial statements, it has about $1 million of assets and almost $3 million in liabilities. In the third quarter of 2014, it had sales of almost $1 million, on which it had a net loss of more than  $900,000.”

 

“I can’t think of a more interesting sign of the old irrational exuberance in equity markets than a publicly traded grilled cheese truck (four in this case) business trading at a $100-million-plus valuation. That sort of thing doesn’t happen unless there is significant excess in the markets.”

Any reference to a company seeking to dominate the “gourmet grilled cheese space” is desperately seeking a twin reference to a slogan from late 1999 (right before the bubble burst):

“Our business strategy is to lose money on every sale but make up for it in volume.”

Enjoy the party, but dance near the door.

 

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Mon, 02/09/2015 - 18:10 | 5763830 BeansMcGreens
BeansMcGreens's picture

Many years ago National Lampoon Magazine had a  "the life cycle of a taco" cartoon. Basically it was : man buys and eats taco, poops, turd goes into ocean, fish eats turd, cat eats fish, cat is  put in bag and sold to taco stand, man buys taco and eats.

 

Mon, 02/09/2015 - 17:55 | 5763778 nakki
nakki's picture

That's some serious cheese. Have a friend in the restaurant business, told him as soon as he can he should expand and go public. This article proves me right. Who gives a shit if they make money, it just doesn't matter anymore. 

Mon, 02/09/2015 - 17:56 | 5763787 chunga
chunga's picture

The ZH scripts were slowing my browser down to nothing so I went ahead and installed Linux to see if that does anything. This inspite of adblock, noscript, ghostery, and lightbeam.After spending the better part of an entire day it does run faster. My two monitors? They now both display the same thing and one flickers so bad it gives me a headache so I turned it off. The multi-function printer/scanner? That fucking thing doesn't even print anything but blank pages. 

I can see why they say Linux is so "secure". It's such a pain the fucking balls to do anything it's like a rubiks cube. I'll boot back over to win7 if I want to do anything besides browse zh. Thanks Tyler. I do have a great sense of pride for getting this crappy thing to work without smashing too many things. Fuck right off.

Mon, 02/09/2015 - 18:02 | 5763809 jim249
jim249's picture

Use Firefox with adblock with win7. Problem solved.

Mon, 02/09/2015 - 18:14 | 5763841 kaiserhoff
kaiserhoff's picture

And ditch the cookies.  That shit following me around everywhere gives me the heebie-jeebies.

Mon, 02/09/2015 - 18:30 | 5763888 jim249
jim249's picture

Have no problem with that. Must be the NSA keeping an eye on you.

Mon, 02/09/2015 - 18:18 | 5763850 roadhazard
roadhazard's picture

Adblocker plus. You're welcome.

Mon, 02/09/2015 - 18:23 | 5763867 chunga
chunga's picture

Linux must also use a special invisible font because I thought I typed I had adblock, noscript, ghostery, and lightbeam.

Mon, 02/09/2015 - 19:05 | 5763990 TheFourthStooge-ing
TheFourthStooge-ing's picture

chunga, which distro is causing you so much grief?

Mon, 02/09/2015 - 19:10 | 5764002 chunga
chunga's picture

I've got Mint 17.1/Cinnamon. The proprietary ATI Radeon driver just isn't available, nor is Canon PIXMA 860.

It's funny because I was having major slowdown on ZH only...I just booted out to Win7...and it's much better. I suspect something was up with ZH for the past few days??? I'm in a pretty remote area on a slow muppet line.

Mon, 02/09/2015 - 18:40 | 5763932 Idisq
Idisq's picture

Install you a copy of Oracle Virtual Box. Then install linux on that as a virtual machine. Then from within windows you run that virtual machine and use it for browsing.

 

 

Mon, 02/09/2015 - 19:12 | 5764008 daveO
daveO's picture

I go to settings and disable auto plug-ins. This stops flash ads that are located on both sides.

Mon, 02/09/2015 - 19:51 | 5764114 forwardho
forwardho's picture

Try Addblock.

All ZH NO marketing, pop-ups or adds

Free too.

Tue, 02/10/2015 - 08:02 | 5765539 Refuse-Resist
Refuse-Resist's picture

Ever heard of the free VMWARE that lets you run a virtual machine of any OS on your W7 box?

No dual booting required, and you can keep the virtual open as a window and move back/forth between the insecure OS (W7) and Linux.

 

FWIW.

 

 

Mon, 02/09/2015 - 17:56 | 5763788 buzzsaw99
buzzsaw99's picture

i want in on the ground floor of the grilled cheese thingy

Mon, 02/09/2015 - 17:57 | 5763791 cyclist
cyclist's picture

And when the music stops......3rd - 4rth quarter 2015?  Some won't be able to find a chair to sit on.  Ooops.

"WTF, I thought this party never ended!"

Mon, 02/09/2015 - 17:57 | 5763794 Bastiat
Bastiat's picture

I wonder if they're taking bids from NFL player's agents to rep Bigfoot in contract negotiations? 

Mon, 02/09/2015 - 17:58 | 5763800 Osmium
Osmium's picture

"with the goal of becoming the largest operator in the gourmet grilled cheese space.’

Really?  How fkn hard could that be.  Are there a lot of operators in the gourment grilled cheese space?

Mon, 02/09/2015 - 18:57 | 5763970 dreadnaught
dreadnaught's picture

They will be busted when its found that they use: Wonder Bread, margerine, not butter, and Kraft indvidually wrapped cheese slices...(pastureized process)

Mon, 02/09/2015 - 19:19 | 5764025 robertocarlos
robertocarlos's picture

There's another way to make a grilled cheese sandwich?

Mon, 02/09/2015 - 23:14 | 5764844 Matt
Matt's picture

Sounds like an opportunity to create a higher-class competitor that uses gluten-free bread, lactose-free veggie based cheese subsitute. And another competitor with high end artisan bread and cheese.

Mon, 02/09/2015 - 19:58 | 5764133 Winston Churchill
Winston Churchill's picture

American -cheese- and gourmet, is that some kind of joke ?

Mon, 02/09/2015 - 20:47 | 5764303 Vuke
Vuke's picture

Winston, you don't understand.  It's not cheese, it's some stuff sold on the Chicago Commodity Exchange called "commodity cheese:, a delicious blend of Chinese milk products, modified soy extracts, esterified oils, bits of cow and, of course, a mixed bag of preservatives and gourmet flavors.

This is high tech stuff, way beyond the casual grilled sandwich you make at home which is why it richly deserves such a market cap.

Mon, 02/09/2015 - 20:33 | 5764256 lotsoffun
lotsoffun's picture

i see problems here.  i see big problems.

i want gourmet.

well - that means that we've sanctioned the greece feta melt, because they defaulted on us.

and we sanctioned the swiss cheese, because, well, they really popped their nuts on us.

and french brie, cantal etc.  now way.  but, they can at least continue serving freedom fries.

buffalo mozzerela from italy - does anybody remember - it's contaminated with dioxin.

guess we will have to stick with that gourmet velveeta!!  on wonderbread.  because any grains from europe are non- gmo.  and taste like grains.

 

 

Tue, 02/10/2015 - 10:11 | 5765946 mastersnark
mastersnark's picture

I'm analyst for the gourmet grilled cheese segment. It's big. Like breakfast cereal-only restaurant big.

Mon, 02/09/2015 - 18:02 | 5763810 Bangalore Torpedo
Bangalore Torpedo's picture

I think that the Bigfoot film venture would be an ideal venture for many of the ZH commenters.  They see a Jew in every banker's chair, the CIA in Kiev, "American soldiers" in Donetsk, chem trails in every sky, and flouride in the friggen water.  So why is a sasquatch in the forest such a stretch?

Mon, 02/09/2015 - 18:29 | 5763884 fukidontknow
fukidontknow's picture

When I was a child the Kraken (giant squid) was little more than a myth - then in the 90's I caught three of them while factory trawling in the sub Antarctic so the idea that the CIA may be in Kiev just doesn't seem that far fetched to me. 

Mon, 02/09/2015 - 22:26 | 5764692 Blano
Blano's picture

Please share.

Mon, 02/09/2015 - 23:20 | 5764863 fukidontknow
fukidontknow's picture

https://richandrenee.wordpress.com/fish/

As it was pre digital camera days I only got a photo of the first one we caught. The second one was quite alot larger and the third was a little smaller. Like all squid they collapse in size once landed. The bloke with the squid for size comparison is the largest man aboard the 45 crew boat. The photo is on my wordpress page with some other fish that I've caught over the years. 

Mon, 02/09/2015 - 23:56 | 5764968 Blano
Blano's picture

Nice pics.

Lol...I actually meant "please share what you're smoking" re: the entire post, but I appreciate your reply nonetheless.

Sorry.

Tue, 02/10/2015 - 08:04 | 5765542 Refuse-Resist
Refuse-Resist's picture

Because you refuse to see what's right in front of your nose makes the rest of us crazy?

 

Jesus fucking christ!

 

India? FUCK YEAH!

 

Do you get used to blow up barbed wire during infantry assaults?  Perhaps you are surplus ordinance that need to be disposed of explosively.

Mon, 02/09/2015 - 18:06 | 5763822 hotrod
hotrod's picture

Darn good idea.  Who is ever going to suspect the Cheese truck of running drugs and you can laundry the money too.

Mon, 02/09/2015 - 18:21 | 5763857 roadhazard
roadhazard's picture

I knew some guys that had an ice cream truck.

https://www.youtube.com/watch?v=LLyHH8gsN-Y

Mon, 02/09/2015 - 18:07 | 5763825 Deathstar
Deathstar's picture

"malign ‘bubble’ and benign ‘boom’."????

LOL, I offer a 3rd conclusion that Barrons overlooked.

Malignant crash. One that will metastasize worldwide.

Hopefully many more banksters will be suicided as well.

Mon, 02/09/2015 - 18:07 | 5763827 Gringo Viejo
Gringo Viejo's picture

Well stick one between my cheeks and yell ORDER UP!

Mon, 02/09/2015 - 18:13 | 5763839 Chippewa Partners
Chippewa Partners's picture

Abby should have hung it up when Drexel went down............

Mon, 02/09/2015 - 19:56 | 5764126 amadeus39
amadeus39's picture

Abbey should have been hung up

 

Mon, 02/09/2015 - 18:15 | 5763842 sdmjake
sdmjake's picture

As a Deadhead decades ago, we made a lot money selling grilled cheese out of our vehicle at shows. Even our 'lot food' has been co-opted and IPO'd...

Mon, 02/09/2015 - 19:42 | 5764091 Ban KKiller
Ban KKiller's picture

Those were good. 

Mon, 02/09/2015 - 19:59 | 5764139 JohnG
JohnG's picture

Drugs made more money, I had a cart.......

Mon, 02/09/2015 - 18:18 | 5763849 cherry picker
cherry picker's picture

Brian Williams reported he saw Big Foot surfing during hurricane Katrina.

Homeland Security is now after Sasquatch big time for not filing tax returns and being a terrorist for frightening those innocent souls living in the forrests where he likes to hang out.  That should guarantee a bigger IPO.

Mon, 02/09/2015 - 18:35 | 5763912 BurningFuld
BurningFuld's picture

Drone the fucker!!!

Mon, 02/09/2015 - 18:56 | 5763966 tenpanhandle
tenpanhandle's picture

I completely agree.  You meant Brian Williams, right?

Mon, 02/09/2015 - 18:20 | 5763855 eddiebe
eddiebe's picture

This is beyond irrational exuberance. I would call it mania.

Mon, 02/09/2015 - 18:21 | 5763858 Divine Wind
Divine Wind's picture

 

 

 

Messin with Sasquatch

 

http://youtu.be/I33sM9WqLls

 

.

Mon, 02/09/2015 - 22:44 | 5764770 dexter_morgan
dexter_morgan's picture

Good for Moochele, she'll need a career to fall back on soon

Mon, 02/09/2015 - 18:22 | 5763860 mendolover
mendolover's picture

'Gourmet Grilled Cheese Space'?  My mom (God rest her soul) made the best grilled cheese EVER!  Fuck that.

Mon, 02/09/2015 - 18:29 | 5763883 Flying Spaghett...
Flying Spaghetti Monster's picture

I see asset bubbles in:

1) US equities

2) high end real estate

3) private equity (Uber at $41B? really? for dial-a-ride?)

4) modern/contemporary art

5) classic/collectibel automobiles/motorcycles

the one in oil has already popped/crashed... which one is next?

Mon, 02/09/2015 - 21:17 | 5764379 Bernanke'sDaddy
Bernanke'sDaddy's picture

Don't forget Gold says Citi's Chief Shithead!

 

http://www.ft.com/fastft/242522/gold-is-6000-year-bubble-citi

Mon, 02/09/2015 - 18:29 | 5763886 discopimp
discopimp's picture

Gotsta get in quick!!

Mon, 02/09/2015 - 18:36 | 5763917 quasimodo
quasimodo's picture

Gourmet grilled cheese? That has got to be the oxymoron of the month.

 

IT'S A FUCKING GRILLED CHEESE FOR CRIPES SAKES!

Mon, 02/09/2015 - 19:03 | 5763987 Wahooo
Wahooo's picture

Grilled cheese on a glazed donut. Good stuff. Place called Tom and Chee in Ohio.

Tue, 02/10/2015 - 01:18 | 5765176 boodles
boodles's picture

In all seriousness, last month, when I was in Lubbock Texas (visiting a friend who teaches there) I had breakfast at a restaurant that served omelettes on glazed donuts. 

Looked gross.  I'd put that yummy donut on the side.

Mon, 02/09/2015 - 19:58 | 5764130 amadeus39
amadeus39's picture

Define cheese.

Tue, 02/10/2015 - 06:30 | 5765454 U-P-G-R-A-Y-E-D-D
U-P-G-R-A-Y-E-D-D's picture

Insider offering for IPO on "For Crepes Sake" chain (read: I have a car with a trailer) of over-priced French pancakes.  (btw, I remember a very good crepe place in the MIT student union ten years ago - wonder if it's still around, they appeared to make money)

Mon, 02/09/2015 - 18:43 | 5763938 Guitarbill
Guitarbill's picture

We are so fucked as an economy...We got nothing... pretty fuckin sad. Where's my government cheeeeeese?????

Mon, 02/09/2015 - 19:58 | 5764134 ILLILLILLI
ILLILLILLI's picture

It's being grilled...

Mon, 02/09/2015 - 22:43 | 5764766 dexter_morgan
dexter_morgan's picture

in a truck

Tue, 02/10/2015 - 05:43 | 5765430 JAFAH
JAFAH's picture

down by the river

Mon, 02/09/2015 - 18:59 | 5763944 Salsipuedes
Salsipuedes's picture

Hey sceptics! When my frozen, meat/chocolate shish-ka-bobs (alright, shit-on-a-stick with a lot of different flavorings) goes global and I become the Zuckerberg of the Culinary Zeitgeist, I'LL EAT YOUR LUNCH!

P.S. I'm 4' 9", have a small moustache, a degree in Chemistry, Law and Criminal Justice and I'm looking for love! Call me! I'm gonna be rich!

Mon, 02/09/2015 - 19:01 | 5763978 The Old Man
The Old Man's picture

Not before my SPAM-a-LISCIOUS trucks hit the streets. 

 

  • Beer Battered SPAM fries!
  • Frickaseed SPAM!
  • Corn battered SPAM on a stick!
  • SPAM & CHEESE Grilled on Sourdough with Butter!

Just to name a few!

Get on board. I'm going to make a killing in the inner city!!!!

 

Mon, 02/09/2015 - 19:59 | 5764141 amadeus39
amadeus39's picture

Hawaii beat you to it.

 

Mon, 02/09/2015 - 20:11 | 5764177 Winston Churchill
Winston Churchill's picture

Who was first ?

Hawaii or Monty Python.

Mon, 02/09/2015 - 23:40 | 5764923 Salsipuedes
Salsipuedes's picture

Skeptics, sceptics, what's the difference? It's all about my investors!

Mon, 02/09/2015 - 18:51 | 5763953 KashNCarry
KashNCarry's picture

Good God Who Cut The Cheese?

Mon, 02/09/2015 - 19:10 | 5764003 gould's fisker
gould's fisker's picture

Just change seagulls to black swans . . . FIXED!

https://www.youtube.com/watch?v=iIpfWORQWhU

Better strap yourself down for this one--she's going to blow!

 

 

Mon, 02/09/2015 - 19:15 | 5764017 robertocarlos
robertocarlos's picture

This is really good for poor people. Instead of spending 1 dollar to make their own grillled cheese sandwich they can spend 5 dollars on a grillled cheese sandwich and that will create jobs which increases tax revenues and the govt can then give the poor people money to pay for the grilled cheese sandwich.

Mon, 02/09/2015 - 19:35 | 5764075 Clowns on Acid
Clowns on Acid's picture

What a great idea Mr Robert Reich ... or is it Paul Krugman...

Mon, 02/09/2015 - 19:42 | 5764093 p00k1e
p00k1e's picture

I want to open a Chicken and Waffle joint in Detroit.   Nobody wants to buy-in.  

MY EBT (NOW ON iTUNES) - By @MrEBT & @CaptnHook_Maine

https://www.youtube.com/watch?v=o64Fz-KW1Dk

 

 

Mon, 02/09/2015 - 19:26 | 5764049 kchrisc
kchrisc's picture

This, coupled with the artificial run up of the dollar, is just the connected, and Amongst, padding their exit out of the dollar, and DC US.

The banksters need to repay us.

 

"If you can see Zion, you can see the future." The "AV club": Nothing but avarice, backed by violence.

Mon, 02/09/2015 - 19:30 | 5764061 Evil Bugeyes
Evil Bugeyes's picture

This totally validates my idea for a chain of restaurants serving grilled bigfoot sandwiches with cheese. It will be called "Sasquatch Shack". I just need someone to underwrite the IPO. Does anyone have Goldman's number?

Mon, 02/09/2015 - 20:26 | 5764234 lotsoffun
lotsoffun's picture

212-gol-dman

Mon, 02/09/2015 - 19:34 | 5764069 Sixdeuce062
Sixdeuce062's picture

if they would just accept EBT on the grilled cheese trucks they would turn a profit time to lobby for more EBT options

Mon, 02/09/2015 - 19:41 | 5764087 p00k1e
p00k1e's picture

A company that manufactures "mother" UAVs that hunt unauthorized (civilian) drones in the sky.  Killing them with smaller explosive mini swarm pod drones.

Sales - 'first to market'.

We need a legal team.     Let's incorporate!
 

Tue, 02/10/2015 - 08:07 | 5765548 Refuse-Resist
Refuse-Resist's picture

They'll use the micro-drones to chase your ass down and inject you with new vaccines for the children.

 

Micro drone mfrs to the fucking MOON!

BTFATH

Mon, 02/09/2015 - 20:03 | 5764154 Lokking4AnEdge
Lokking4AnEdge's picture

If you look at their web site ( http://ir.thegrilledcheesetruck.com/financials ) their financials show $81,247 in cash (yes-that's eighty one Thousand) for the end of last quarter

Interesting to say the least.......

 

Mon, 02/09/2015 - 20:11 | 5764176 Incubus
Incubus's picture

so about as much as a high end slut will make in vegas on a weekend.

 

nice.

Mon, 02/09/2015 - 20:36 | 5764265 hooligan2009
hooligan2009's picture

holy shit batman! must be a very high end!

Mon, 02/09/2015 - 20:04 | 5764155 Calmyourself
Calmyourself's picture

Got some real clickety, click bait on tonight Tylers..  Lets see grilled cheese truck or 400 tax cheats to view while I feel very much superior in my serfdom..  Try this essay from Gates of vienna..

https://westernrifleshooters.wordpress.com/

 

Mon, 02/09/2015 - 21:39 | 5764462 Clever Name
Clever Name's picture

I been meaning to ask you, might I have met you at MVT?

Mon, 02/09/2015 - 21:44 | 5764484 Calmyourself
Calmyourself's picture

Perhaps, what is MVT?

Mon, 02/09/2015 - 20:16 | 5764193 fremannx
fremannx's picture

The debt bubble of all debt bubbles is bursting...

 

http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...

 

Mon, 02/09/2015 - 20:18 | 5764201 ronron
ronron's picture

long live the grilled cheese republic. still one notch above a bannana republic. soon son we will learn you about democracy. new laws daily.

Mon, 02/09/2015 - 20:22 | 5764216 tawdzilla
tawdzilla's picture

OK, here's the problem...

If one guy owns a private co. with 4 grilled cheese trucks, annual revenue of $1Mil, and -$900k in profit, he is bankrupt, worth $0.

If a publicly traded company owns 4 grilled cheese trucks, annual rev of $1 mil, and -$900k in profit, they are worth $100M.

WTF?

 

Mon, 02/09/2015 - 20:42 | 5764286 combatsnoopy
combatsnoopy's picture

Maybe he hedged his earnings in Francs before they unpegged...nah.   Rounding error. 

Mon, 02/09/2015 - 20:26 | 5764233 Quantum Nucleonics
Quantum Nucleonics's picture

Has anyone considered that "grilled cheese" is probably a euphemism for an illegal drug?  That being the case, $25 million per truck is deeply undervalued.

Mon, 02/09/2015 - 21:53 | 5764536 Sambo
Sambo's picture

'Illegal drug' is an anagram of 'Grilled Algu....

Mon, 02/09/2015 - 20:30 | 5764247 Sixdeuce062
Sixdeuce062's picture

Breaking news Cramer says buy GRLD Stawks I repeat Buy GRLD stawks

Mon, 02/09/2015 - 20:32 | 5764252 combatsnoopy
combatsnoopy's picture

Did Marissa Meyer put in Yahoo money for a bid at this? 

I have a lemonade stand, I'm going to IPO for $10 million!  I have college loans to pay off (and somebody else's mortgage I'm sure). 

Mon, 02/09/2015 - 20:35 | 5764263 TacticalZen
TacticalZen's picture

This BS started long ago when Congress passed legislation allowing creation of "special purpose entities" with only 2% of parental capital, and 98% of outside investment, without having to report the liabilities on the balance sheet, yet allowing inclusion of all of the income!  Their "Nigerian barge scam" (Enron) comes to mind, as does the fiber optic entity and even precursors to cloud computing.  When you see insane valuation understand there is a congressperson somewhere writing the legislation that allowed its creation.  Same as it ever was.

Mon, 02/09/2015 - 20:35 | 5764264 TacticalZen
TacticalZen's picture

This BS started long ago when Congress passed legislation allowing creation of "special purpose entities" with only 2% of parental capital, and 98% of outside investment, without having to report the liabilities on the balance sheet, yet allowing inclusion of all of the income!  Their "Nigerian barge scam" (Enron) comes to mind, as does the fiber optic entity and even precursors to cloud computing.  When you see insane valuation understand there is a congressperson somewhere writing the legislation that allowed its creation.  Same as it ever was.

Tue, 02/10/2015 - 05:20 | 5765420 U-P-G-R-A-Y-E-D-D
U-P-G-R-A-Y-E-D-D's picture

Congressperson or CIA/NSA/DARPA VC Investment Firm.

Mon, 02/09/2015 - 20:37 | 5764266 combatsnoopy
combatsnoopy's picture

Did Steve Ballmer put in a bid for this baby?  

Mon, 02/09/2015 - 20:41 | 5764284 Fix It Again Timmy
Fix It Again Timmy's picture

I holding on to my WebVan stawks....

Mon, 02/09/2015 - 20:54 | 5764323 hooligan2009
hooligan2009's picture

all very tame, the Fed has a balance sheet of 4 trilion dollars and it bought assets that are paying interest!

sell paper with zero interest, buy government debt and Agencies yielding an average of what 3%?

profit $120 billion a year and the government thinks it got a great deal!

what a crock. 18,000 people costing 3.6 billion dollars and setting prices of financial assets for a country with 100 million households wiorth (PV of (18 trillion GDP / 5% yield)) 360 trillion?

http://www.federalreserve.gov/publications/budget-review/2011-appendix-d...

how come the taxpayers and homeowners still have to pay 120 billion a year? thats $1,200 a year for each of the 100 million households! 100 bucks a month! bet that would pay most of the grocery bills for 3 unit families.

1,200 a month is 166 minimum hours a month at the minimum wage of $7.25

ponders how many are on minimum wage instead of claiming the 65,000 a year equivalent while on benefits

http://www.bls.gov/cps/minwage2012.htm

 

Mon, 02/09/2015 - 20:55 | 5764326 Victory_Garden
Victory_Garden's picture

On the sea of chaos, there are ships. One has been sending out SOS signals for thousands of years, and now finally many are hearing the call. They sail to the spot where the One Ship has been. They are all seeing the SOS. The ships Captains are turning sails and joining up to sail with the original ship. There is an almighty armada that has been formed, almost like those ghost fleets spoken of that were maritime merchants during a time of real prosperity, and fair trade. The growing mighty armada is targeting, and on the move.

All are beginning to talk to each other, SF to Spetz saying hey, lets all stop fighting the bankster tribal wars so they can profit and laugh as we all die killing each other. To many of us have died and fought for their agendas of profit, world domination, race supremacy, and the horrific lies to cause them all. Not a single one of us wants to fight for satans moneygod tribe anymore.

It is long past time to join military forces world wide, and to unite to go after this evil tribe of world trouble makers. Everybody knows who they are!!! Denying the facts that are in ones face, is the epitome of ignorance and that will get you karmically in debt early, or to say the most, judged very extremely harshly by what waits for you on the other side. Just ask anyone who has been there.

All orphaned children cry the same song, and all the wives at home have the same sadness in the deep heart place when the loved warrior has met his/her untimely fate. Truly, all that energy is One. Pain and sorrow knows no color or creed. It is the polar opposite of that energy of what we all naturally are, One Love.

What was once one Family of Man has been horribly turned into a herd of cats chasing their tails for the almighty moneygod. It's the biggest shit show on earth. The satan-tribe laughs. This evil tool of those who have created it is coming to an end, and everybody knows it. It is time NOW to make heroic moves to change the world history that the tribe has planned for mankind. IT IS POSSIBLE to change the evil course these things have placed ALL of mankind on. DO IT NOW!!!

Today the worlds people are asking, “can't we all the good and truly righteous of the world, a great majority of Russian, American, and Chinese folks all get together all across the globe and just totally eliminate this scourge from hell?” The world of peace loving folks that just want to grow their gardens without these things killing us all off using so many different poisons to do it with just want to live as One Family of Man, and mind our own business. Do unto others, as we would have them do unto us. Let charity begin at home. Ya know? Can't we all get together to stop this insanity and start actually DOING something to save the future environment so mankind HAS a fertile garden to grow food in? To continue to grow themselves in??

Everybody understands the evil plans for world domination, electronic moneygod systems of control, taxation, tracking, and population elimination. Everybody knows WHO is doing it. Isn't it past time something serial was done about it? Look ye into your hearts and ask, are you one with love, or are you at one with evil? Which would you think has the greater chance of surviving?

Short evil...go long Love.

Mon, 02/09/2015 - 22:39 | 5764754 cherry picker
cherry picker's picture

Maybe one day, probably not in my lifetime, what you suggest will happen and if it does it will be a great step for humanity, far greater than the step taken on the moon.

 

Tue, 02/10/2015 - 00:23 | 5765037 Victory_Garden
Victory_Garden's picture

To manifest reality, one must learn to dream.

Blessings on ya, Cherry.

Tue, 02/10/2015 - 08:10 | 5765552 Refuse-Resist
Refuse-Resist's picture

Tel Aviv, NYC, London.

That would be a great start.

Mon, 02/09/2015 - 21:07 | 5764357 NubianSundance
NubianSundance's picture

Are we convinced the Fed has only four trillion on its books, I've heard tell they can't have an audit as the real number is nearer ten.

Mon, 02/09/2015 - 21:07 | 5764359 mattgallis
mattgallis's picture

ZH has been saying the market's peaking since late 2009.

6 years straight... It's okay though, even a broken clock is right twice a day.  Hang in there ZH, your time is approaching!

Mon, 02/09/2015 - 23:10 | 5764829 numapepi
numapepi's picture

A broke clock may be right twice a day but a slow clock is never right.

Mon, 02/09/2015 - 21:12 | 5764368 Bunga Bunga
Bunga Bunga's picture

"We have grilled some folks."

Tue, 02/10/2015 - 08:10 | 5765553 Refuse-Resist
Refuse-Resist's picture

We cheesed some folks.

Mon, 02/09/2015 - 21:17 | 5764380 SirBarksAlot
SirBarksAlot's picture

Am I the only one here who watches Shark Tank?

Grilled cheese is the new hamburger.

Mon, 02/09/2015 - 21:30 | 5764415 MaskedMass
MaskedMass's picture

Xtra grilled please.

Mon, 02/09/2015 - 21:30 | 5764421 Vendetta
Vendetta's picture

If they burn an image of jesus on at least one side of the sandwich, they'll do just fine financially.

Mon, 02/09/2015 - 21:46 | 5764491 PermaBug
PermaBug's picture

did I miss the post about the latest bitcoin scandle/scam/theft? (mycoin)

At least most zh'rs saw through the bitcoin joke, and the ones who didn't are hastily creating new handles, that is, if they still can afford internet

So lets recap zh themes for the past few years:

gold to infinity

silver to infinity and beyond

US dollar to 0

Oil to the moon

treasuries to crash (in price)

inflation to skyrocket

commodities to the moon

fukushima to destroy not just japan but probably the entire global food chain

gulf oil spill to wipe out entire southern usa (george washington is so understated)

ebola going to wipe out pretty much everyone

new US housing crash

USD no longer a reserve currency

I'm sure I've forgotten a few

Amazing record. Simply astonishing. And zh makes fun of Stolper and the GS muppets?

 

 

 

 

Mon, 02/09/2015 - 22:23 | 5764674 hooligan2009
hooligan2009's picture

ha ha...bitter much? nice ass, keep talking from it!

Mon, 02/09/2015 - 22:39 | 5764752 dexter_morgan
dexter_morgan's picture

patience grasshopper

Mon, 02/09/2015 - 22:42 | 5764762 Pancho Villa
Pancho Villa's picture

Well, then this must be your lucky day! Why don't you invest your entire net worth in GRLD and let us know how that works out?

Mon, 02/09/2015 - 22:54 | 5764791 Rob Jones
Rob Jones's picture

At least most zh'rs saw through the bitcoin joke, and the ones who didn't are hastily creating new handles, that is, if they still can afford internet

You have a new (10 weeks) handle. Is that you fonestar?

Tue, 02/10/2015 - 02:37 | 5765288 JoJoJo
JoJoJo's picture

The Market gradually rose from 1922 to 1929 and there were relatively few young ZHers at the time calling for a top and bust. Too bad there were'nt. Yes they would have been ridiculed for six years but would have had the last laugh in the seventh year. 

Tue, 02/10/2015 - 04:50 | 5765404 johnberesfordti...
johnberesfordtiptonjr's picture

Correct!

ZH is the perfect contra-indicator... everything the Tyler's know is wrong ... you can take this to the bank.

Mon, 02/09/2015 - 21:48 | 5764501 PermaBug
PermaBug's picture

oh oops and of course the market to crash, and bitcoin to replace fiat   hahahahahahahaha

Mon, 02/09/2015 - 23:01 | 5764811 Harry Dong
Harry Dong's picture

Yes, but have you read the disclaimer? Of course you have.

Right or wrong, leaning or hinting, at least zh brings a torchlight to exam the issues bubbling under our feet. 

Bitcoin? That was easy. What a load. 

Silver? No rush...that and oil will be flat until inflation catches :-\ 

And buy, sell stocks? Better think 5x. 

I love zh because it challenges my assumptions. It reveils cognitive dissonance. I have to test my beliefs. Research my positions and pay close attention to those who prove to be right time after time. 

Oh yeah, I get tired of waiting for the inevitable but i really know that this extra waiting is not being wrong. Its patience and expand your scope.

Thank you zerohedge for being here.

Mon, 02/09/2015 - 22:10 | 5764620 yogibear
yogibear's picture

"The Grilled Cheese Truck Inc. had commenced trading on the OTCQX marketplace under the ticker GRLD:"\

CNBC and the rest keep screaming that IPOs are hot. So the sheeple take it as a fact.

Mon, 02/09/2015 - 22:27 | 5764700 Tegrat
Tegrat's picture

LMAO! These articles and comments are what keep my coming back. Great fun read this one was...

 

Mon, 02/09/2015 - 22:48 | 5764782 dexter_morgan
dexter_morgan's picture

their February 6th edition pointed out that the value of fine art sold at auction had quadrupled from $3.9 billion in 2004 to some $16.2 billion in 2014.

Yeah......who the fuck buys fine art? The fucking .01% and life's been good for those assholes.

https://www.youtube.com/watch?v=BXWvKDSwvls

Mon, 02/09/2015 - 23:11 | 5764836 Sizzurp
Sizzurp's picture

What's next? Mac and cheese trucks, or maybe frozen pizza trucks?  I got it, microwave burrito trucks !!

Mon, 02/09/2015 - 23:34 | 5764903 flyingcaveman
flyingcaveman's picture

That's a whole bunch o' cheddar!

Mon, 02/09/2015 - 23:46 | 5764941 GalacticEmissary
GalacticEmissary's picture

Judging by the CFO's last name I would say this is just another scam brought to you by the Tribe.

Tue, 02/10/2015 - 00:00 | 5764982 henry chucho
henry chucho's picture

Truck E. Cheese ?

Tue, 02/10/2015 - 01:24 | 5765188 Spungo
Spungo's picture

I bet a mobile prostitution van would make a lot of money

Tue, 02/10/2015 - 01:55 | 5765237 Atomizer
Atomizer's picture

The gut truck sandwiches cannot cater to school lunch promoted credit card reward programs.

Tue, 02/10/2015 - 03:12 | 5765332 walküre
walküre's picture

Either this is a really good P&D or it is a really bad sign of how low the self esteem of the American Dream has sunk. If we witness a fleet of hundreds or thousands of these trucks rolling through America, I'd say it is safe to say that the doors to Fema camps be opened soon after.

Tue, 02/10/2015 - 03:28 | 5765349 Iam Yue2
Iam Yue2's picture

A so.lution to the Greek debt problem: Draghi lends them the money to buy a fleet of grilled cheese wagons, on the back of which they double halloumi production, and send the vans off across Europe.

Tue, 02/10/2015 - 03:57 | 5765366 Jack Daniels Esq
Jack Daniels Esq's picture

Tesla/Space/Solar are belong to Barry

Tue, 02/10/2015 - 07:03 | 5765468 Rikeska
Rikeska's picture

I've had some failed business ideas, but at least I didn't lay down the coin for a grilled cheese truck.

I do admire their ability to raise cash for this goat rope though.  I guess that's what I missed at business school.

Tue, 02/10/2015 - 08:02 | 5765538 Anglo Hondo
Anglo Hondo's picture

GRLD is a fuckin CHEESE bizness?   Crap, I thought I was buyin GOLD.

Tue, 02/10/2015 - 09:19 | 5765748 Mitch Comestein
Mitch Comestein's picture

At 100x revenue, I need to get on the horn to Jordan Belfort and buy me some of that.

Tue, 02/10/2015 - 10:05 | 5765916 Mi Naem
Mi Naem's picture

I wait for the one who has the courage to name their aspiring mobile business "Roach Coach". 

Tue, 02/10/2015 - 10:11 | 5765945 Mike Honcho
Mike Honcho's picture

These guys need to research the trends in allowances, because their clientele is ages 5-11.

Tue, 02/10/2015 - 11:56 | 5766419 Skiprrrdog
Skiprrrdog's picture

i gouda been someone...I gouda been a contender...

Tue, 02/10/2015 - 17:01 | 5768299 fuck_wad
Tue, 02/10/2015 - 17:44 | 5768569 No More Bubbles
No More Bubbles's picture

Must be some damn good Grilled Cheese!  ROFLMAO!

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