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princesultan

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  1. Like
    princesultan got a reaction from rodneyDDS in Bank of America joins Ripplenet, can anyone confirm?   
    I'd bet on it being legit. Alex is one of the better ones out there. He's called out a ton of shady stuff in the past. 
    That being said, I doubt BoA would be on ODL, so we can expect no price appreciation 
  2. Like
    princesultan got a reaction from LetHerRip in Tiffany Hayden Forced to Sell Off All of Her XRP Cryptocurrency Due To Trolls   
    There’s actually a thread for this? I guess this forum really has gone to sh*t. 
  3. Like
    princesultan got a reaction from Sharkey in Tiffany Hayden Forced to Sell Off All of Her XRP Cryptocurrency Due To Trolls   
    There’s actually a thread for this? I guess this forum really has gone to sh*t. 
  4. Haha
    princesultan got a reaction from ManBearPig in Tiffany Hayden Forced to Sell Off All of Her XRP Cryptocurrency Due To Trolls   
    There’s actually a thread for this? I guess this forum really has gone to sh*t. 
  5. Haha
    princesultan got a reaction from Rutski in Bank of America joins Ripplenet, can anyone confirm?   
    I'd bet on it being legit. Alex is one of the better ones out there. He's called out a ton of shady stuff in the past. 
    That being said, I doubt BoA would be on ODL, so we can expect no price appreciation 
  6. Like
    princesultan got a reaction from Cesar1810 in CEO Brad Garlinghouse says '' Ripple Would Be Unprofitable Without XRP Sales''   
    Why is this even surprising ? It's a high growth tech startup. None of them make profits...
    You know how long it took Amazon to have a profitable year? 12 years. 
    /endthread
  7. Like
    princesultan got a reaction from aye-epp in MoneyGram Q4 2019 Report   
    This post makes no sense. 
    MGI received 8.9m. This is not subject to r&d credits since they are receiving the money. 
    For ripple, whether or not MGI classifies the 8.9m received as a revenue of negative/contra expense makes no difference for ripple being able to potentially claim these expenditures for r&d credits. 
    Bottom line: ripple gave 8.9m to MGI likely because ODL wasn’t efficient and resulted in costs. 
  8. Like
    princesultan got a reaction from Mpolnet in MoneyGram Q4 2019 Report   
    Thanks for sharing and if true I retract my previous comments in this thread. 
  9. Like
    princesultan got a reaction from xrphilosophy in MoneyGram Q4 2019 Report   
    Thanks for sharing and if true I retract my previous comments in this thread. 
  10. Like
    princesultan reacted to PunishmentOfLuxury in MoneyGram Q4 2019 Report   
    Asheesh Birla, Ripple employee, weighs in:
    https://twitter.com/ashgoblue/status/1232480844847017985
  11. Like
    princesultan got a reaction from LetHerRip in MoneyGram Q4 2019 Report   
    This post makes no sense. 
    MGI received 8.9m. This is not subject to r&d credits since they are receiving the money. 
    For ripple, whether or not MGI classifies the 8.9m received as a revenue of negative/contra expense makes no difference for ripple being able to potentially claim these expenditures for r&d credits. 
    Bottom line: ripple gave 8.9m to MGI likely because ODL wasn’t efficient and resulted in costs. 
  12. Like
    princesultan got a reaction from LetHerRip in MoneyGram Q4 2019 Report   
    Contra expense is a financial statement classification. Instead of classifying the 8.9m as revenues, they reduced the related revenue account by 8.9m. It's purely classification. The point is, MGI received 8.9m from ripple last quarter. Whether it was classified as revenue or a reduction of their expenses makes no difference to us. We should be concerned about the fact that ripple had to pay them money, likely because ODL resulted in efficiencies that cost MGI money
  13. Thanks
    princesultan got a reaction from DariStar in MoneyGram Q4 2019 Report   
    The main point here is that ripple actually paid MoneyGram $8.9m. They shouldn't be paying money if the solution is working. 
    Couple that with the fact that ripple bought a 10% stake in MGI at an above market price just to get their foot in the door. 
    Ya... Real good...
  14. Thanks
    princesultan got a reaction from nakedzzrp in MoneyGram Q4 2019 Report   
    The main point here is that ripple actually paid MoneyGram $8.9m. They shouldn't be paying money if the solution is working. 
    Couple that with the fact that ripple bought a 10% stake in MGI at an above market price just to get their foot in the door. 
    Ya... Real good...
  15. Like
    princesultan got a reaction from aye-epp in MoneyGram Q4 2019 Report   
    Contra expense is a financial statement classification. Instead of classifying the 8.9m as revenues, they reduced the related revenue account by 8.9m. It's purely classification. The point is, MGI received 8.9m from ripple last quarter. Whether it was classified as revenue or a reduction of their expenses makes no difference to us. We should be concerned about the fact that ripple had to pay them money, likely because ODL resulted in efficiencies that cost MGI money
  16. Like
    princesultan got a reaction from LetHerRip in MoneyGram Q4 2019 Report   
    The main point here is that ripple actually paid MoneyGram $8.9m. They shouldn't be paying money if the solution is working. 
    Couple that with the fact that ripple bought a 10% stake in MGI at an above market price just to get their foot in the door. 
    Ya... Real good...
  17. Haha
    princesultan got a reaction from mihaisyblu in Interview between Julia Chatterley and Brad Garlinghouse   
    Brad said that last week xrp was part of 7% of all Mexican peso flows (something along those lines). I wondered if the price increase had anything to do with that...
  18. Haha
    princesultan got a reaction from DirectorCoulson in Interview between Julia Chatterley and Brad Garlinghouse   
    Brad said that last week xrp was part of 7% of all Mexican peso flows (something along those lines). I wondered if the price increase had anything to do with that...
  19. Like
    princesultan reacted to Fleshmeister in SBI holdings latest presentation   
    Are they actually going to do anything? It's just been a PDF fest for the last 3 years.
    How exciting..
  20. Like
    princesultan reacted to strikerjax in Ryan Selkis on XRP   
    Its an email newsletter from messari.io 
    You can sign up from the website.  This particular one is form Jan 31.
    * Just noticed that its also posted on the same website.
    https://messari.io/podcast/say-something-nice-about-xrp-tbi
  21. Thanks
    princesultan reacted to King34Maine in Ryan Zagone gone from Ripple?   
    I tend to agree with you. There's more going on here than what we, as 3rd party on-lookers, are privy to. Like you said, you don't get investors to pony up 200-million dollars via a Series C if they suspect they wouldn't/couldn't see a return on that size of an investment. I think that 1 of 3 things are possible.
    The 1st is that Ripple is about to make a significant acquisition (most likely). The 2nd is that they are working on a merger between themselves and another entity (my #2 guess). The 3rd and final is that they are possibly being bought-out (least likely). All of this is pure speculation on my part, however, I believe it fits/aligns with recent statements (01:15 - 01:47) made by Brad G (Ripple CEO) of late around the topic of M&A/Consolidation of this space. In a recent Fortune article regarding Ripple's recent Series C funding round Brad stated that "the company did not need the money, though the funds will provide "balance sheet flexibility."  "Balance Sheet Flexibility," to me, is code for a M&A move. He goes on to say, at the end of that article, "It's been a tremendous, tremendous year for Ripple....adding that the company will be disclosing more numbers and major announcements in early 2020."  If either of my assumptions above are true, I suspect the exodus of these top executives and directors is as a result of negotiated re-structuring. As with most M&As often times the acquiring company or newly merged entity has to streamline the work-force.  I'm expecting to hear something significant from Ripple on the M&A front here shortly or within the next couple of months.
     
  22. Thanks
    princesultan got a reaction from Kumo in Trump pushing XRP?   
    You’ve been here since 2015 and you actually have to ask if it’s legit?
  23. Like
    princesultan reacted to ConorMcGregor in New video from Ripple!   
    For everyone panicking about the state of the market etc watch this video and remember there is a great team behind xrp, it's a long slog to the finish line and we've just crossed the starting point.
    Enjoy the video and happy holidays to all. 
  24. Haha
    princesultan got a reaction from Scout in The Real Ripple Story   
    imagine if Arthur b was actually satoshi? We would see some btc maxi heads explode!
  25. Like
    princesultan got a reaction from Eric123 in Ripple Raises $200 Million in latest funding round   
    hmmm, didn't see this coming.... i'm curious why they would raise money rather than just sell xrp.
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