NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866 NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx Playboy going public: Porn, Gambling, and Cannabis !!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/ https://www.playboytv.com/ https://www.playboyplus.com/ https://www.iplayboy.com/ Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/ https://www.microgaming.co.uk/ “This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/ As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1 They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea “Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/ Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said.
https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this:
https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too:
https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05 Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China.
https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.”
https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the
Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.”
https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003 Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing “Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf Or here:
https://www.mcacquisition.com/investor-relations/default.aspx Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
submitted by Where we are: the Sacramento and St Louis groups have been given exclusivity in negotiating expansion spots 28 and 29. MLS has also announced it will expand to 30, but that the time-table for that is not yet set, nor is the expansion fee for team 30 or beyond. Several markets are still actively pursuing a team.
MLS has indicated that we will have announcements on teams 28 and 29 at or around the All-Star game. In recent years MLS makes an event of the announcement in the city of the group awarded an expansion team. Expect this to continue. Leading up to the December 2017 expansion announcement MLS whittled the field to 4 markets with the goal to announce two, we got one at that time, with Nashville being announced months before Cincinnati. Miami was formally announced between those. It should not therefore surprise if the presentations of teams 28 and 29 are separated by more than days or even weeks. MLS indicated that we may have announcements "by the All-Star game", my guess is that is fluid- read: around the time of the All-Star game (before and/or after). We should also gain some idea of the league's idea on timing for choosing team 30.
My expectation is that MLS will not hard-cap expansion at 30. Though I would expect them to present a lull of 3 to 4 years in any further growth to 32 or beyond. I have said I expect MLS to grow to what the market can bear and for expansion fees to increase even further. There will still be some markets interested in MLS after 30 is announced i.e. those actively coveting a team now, plus those that will inevitably appear, but the field is thinning due to MLS' rapid expansion and the prediction here is that 32 is the sweet spot to coincide with WC 2026.
Expect various markets to release news, no matter the significance, leading up to the All-Star game about their planning and preparedness while soccer-nation is watching.
It is very helpful to be reminded of MLS stated criteria for picking bids from the formalized round, MLS has stuck very close to these:
https://www.mlssoccer.com/post/2016/12/15/mls-announces-expansion-process-and-timeline
Links to previous rankings below, then on to the rankings!
https://www.reddit.com/MLS/comments/6omhoz/mls_expansion_ranking_teams_242526/ https://www.reddit.com/MLS/comments/78tln8/mls_expansion_ranking_including_miami_and/ https://www.reddit.com/MLS/comments/9o5w4n/premature_mls_expansion_ranking_oct_2018/ https://www.reddit.com/MLS/comments/aajdtlast_2018_mls_expansion_ranking_update_dec_2018/ https://www.reddit.com/MLS/comments/aj9uxy/first_2019_expansion_ranking_update_including_a/ https://www.reddit.com/MLS/comments/b6f9md/mls_expansion_ranking_update_preapril_2019/ https://www.reddit.com/MLS/comments/bfqb59/postapril_2019_meeting_expansion_ranking/
Predicted order of teams 28 and 29:
28.\ Sacramento- the Republic did not present in NYC along with St Louis and Charlotte last week, however MLS made it a point to mention that talks with Sacramento continue.
https://www.mlssoccer.com/post/2019/07/15/mls-provides-updates-st-louis-charlotte-sacramento-expansion-bids This is in contrast to when Sac fell out of the mouths of Garber and MLS officials. This is always significant as MLS telegraphs its intentions verbally. Garber said that after Sac failed at the finish-line in 2017, and didn't land the whale before Cincinnati was announced, that Sac had fallen "to last". Well now Sac is first. If, as reported, they can have their stadium ready by 2021 they could enter with Austin which would maintain league balance. The big question at this point is, do they have a suitable temporary venue? I believe they will play a yeayear and a half in PMP while in MLS.
29.\ St Louis- all indications are that this is moving along well. St Louis met with MLS last week with a formal presentation/update. Information has indicated that St Louis would target 2022 to have their stadium ready. Could St Louis be 28 instead of Sac? It seems to be a possibility as the Rams former stadium could be deemed a better temporary venue than Sac's PMP but the prediction here is otherwise.
Rank of markets vying for team 30:
1.\ Charlotte- this has become the popular pick for spot 30, and for good reasons. Anyone paying attention to the expansion race is aware that the owner of the NFL Panthers is the richest owner in the NFL and would be so in MLS. But the reasons for liking this bid go beyond that, and have to, as MLS is mostly a Billionaire's club now. This bid ticks the ever-important MLS criteria: monied and local ownership with sports experience an added plus, a soccer and sports-proven market (Charlotte ticks this with NFL, NBA and int'l soccer) desirable geography (fills in Southeast-Mid Atlantic, creates regional rivalries) and a great stadium plan. Its this last one that Charlotte has work to do on. MLS is no longer a beggar, and as we have seen- in Minnesota where MNUFC won out over the Wilfs' plan to have a team in the Vikings' stadium, or Detroit where they fell off over insistence that they would use the Lions' stadium or Cincinnati where Nippert and Paul Brown Stadium were never considered suitable- you must have a great stadium plan.
2.\ Las Vegas x2- Las Vegas moves up in rank not due to having two bids coming together but because this market is now being mentioned as a front-runner whereas Phoenix and especially Detroit have not been named recently. The first group is looking to use the Raiders domed stadium with retractable grass, this solves the desert heat problem, and is on the Strip. The ownership group has early success with the Golden Knights hockey team. MLS will have to be convinced that this is a great long-term solution before it awards this group with a team. This stadium plan sounds inferior to the Charlotte bid on the surface of it due to the revenue streams having to be negotiated with the Raiders. The second group will take shape in phases, somewhat like the Sac Republic bid. Las Vegas city proper is supporting this bid and has entered into a 180 day negotiating term to come to agreement to develop the land where USL's Lights FC play with Seth Klarman's Renaissance Companies. Preliminary plans include a retractable grass field and, depending on reports, either no roof or a clear dome on the stadium. The current owner of Lights FC, Brent Lashbrook would sell to the Renaissance group upon successful completion of the 180 day negotiating window.
3.\ Phoenix- on paper I would still call Phoenix the most prepared of the existing active bids. Rising FC is a successful USL team, they have a stadium site on Reservation land, they have added financial heft to go along with local ownership, Phoenix would fill a geographical hole, it is the largest active market. However something is clearly amiss. There has been talk of Phoenix lacking a stadium site, which indicates that there is some dissatisfaction with the site they presently occupy. Whether it is MLS pushing for a DT Phoenix site or some issues in the land-lease, it has not been reported. Phoenix Rising did add to its ownership group, but is Alex Zheng willing to put serious money behind this? It is questionable as Rising offered engineering "solutions" (e.g. digging into the ground, shading, water-cooling towers with fans for air-flow) for their proposed stadium instead of just putting a dome on with a retractable grass field. Has this contributed to PHX's inability to rise to the top of this competition? If Phoenix has another play, expect to hear it in the next week or so.
4.\ Indianapolis- the bid that doesn't quit, the owner, Ersal Ozdemir added investors to his group and has been able to get the government to begin to move on legislation to help fund a stadium no longer contingent on the awarding of an MLS franchise. Indy XI get consistent support and they would have several geographical rivals in MLS. I don't think timing will work for spot 30 for this bid, but it can be a major player in pushing the league to 32. The stadium plan will have to sharpen and a whale investor is probably needed before this bid moves to a front-runner position.
5.\ Raleigh- another bid that has not gone quietly. NCFC has identified a site for a proposed stadium in Raleigh after earlier proposed sites did not materialize. There is a request for public funds but there is not an MLS contingency. Charlotte is looking very strong as a bid to snag spot 30 which would leave this bid dead in the water.
On the outside looking in- for now
Detroit- Detroit was still being mentioned up until a couple months ago. However when Garber did mention it he said that he had spoken with the Mayor and not the bidding ownership group. This does not bode well for this market as it seems that the Gores/Gilbert/Ford group is no longer actively bidding. Garber was clear that the insistence to play in an unmodified Ford Field was now viewed as a non-starter.
San Antonio- the launch of Austin FC effectively killed this bid.
San Diego- the public vote that defeated the Soccer City initiative killed the bid of this front-runner. I doubt SD State overtures to MLS will amount to much- for now...however the launching of a USL team by Warren Smith could be the vehicle that pushes SD back into consideration for spots 31/32, and maybe the site of SDCCU stadium comes back into play for soccer. If SD ever does come back with a strong bid, it would be a hard market for MLS to resist.
Tampa Bay- no longer a bidder, but has a successful USL team, makings of a stadium plan and new ownership in the TB Devil-Rays that, if they became interested, could make a play for 31/32.
Louisville- stadium being constructed, successful USL team, not a bidder but could surprise in the future.
OKC- some rumblings of a future stadium, not much more.
Pittsburgh- seems to be gearing up to be in the USL long-term.
A former oilfield worker camp off a dirt road in rural Texas has become the U.S. government’s newest holding center for detaining migrant children after they leave Border Patrol stations, where complaints of overcrowding and filthy conditions have sparked a worldwide outcry.
Inside the wire fence that encircles the site are soccer fields, a giant air-conditioned tent that serves as a dining hall, and trailers set up for use as classrooms and as places where children can call their families.
The long trailers once used to house workers in two-bedroom suites have been converted into 12-person dorms, with two pairs of bunk beds in each bedroom and the living room.
The Department of Health and Human Services said about 225 children are being held at the site in Carrizo Springs, with plans to expand to as many as 1,300, making it one of the biggest camps in the U.S. government system.
The government said the holding center will give it much-needed capacity to take in more children from the Border Patrol and prevent their detention in stations like the one in Clint, Texas, where lawyers last month reported some 250 youngsters were being held in cells with inadequate food, water and sanitation.
HHS said the Carrizo Springs location is a comfortable environment for children while they wait to be placed with family members or sponsors in the U.S.
But immigrant advocates and others liken such places to child prison camps and worry that the isolated location 110 miles (180 kilometers) from San Antonio, the nearest major city, will make it more difficult to find lawyers to help the teenagers with their immigration cases.
Advocates have complained that HHS’ largest holding centers — a facility in Homestead, Florida, a converted
Walmart in Brownsville, Texas, and a now-closed tent camp at Tornillo, Texas — have traumatized children through overcrowding and inadequate staffing.
“All of this is part of a morally bankrupt system,” said Rep. Joaquin Castro, a San Antonio Democrat.
There’s also the huge cost: an average of $775 per day for each child. HHS plans to pay the nonprofit Baptist Child and Family Services up to $300 million through January to run the Carrizo Springs site.
The government allowed The Associated Press to visit on Tuesday and distribute photos and video, though the AP could not show children’s faces because of privacy restrictions.
Boys and girls are kept in separate buildings and follow separate schedules. They have decorated their rooms with drawings of superheroes and the flags of their home countries, including Guatemala and El Salvador. Many children smiled and greeted visitors as they walked by. Several girls knitted yarn hats and armbands.
A series of tents serves as the infirmary, with nurses on hand treating a few children for lice and flu-like symptoms.
Breakfast is at 7 a.m., followed by soccer, then six hours of classes in reading, writing, social studies, science and math.
In reading class on Tuesday, the students were asked to practice reciting the Pledge of Allegiance in English. Many did so haltingly before the teachers called one student to the front to help lead them. After he finished, the whole class applauded.
HHS said the goal is to move the children through the holding center and others like it as quickly as possible. The department said it has sped up placing children with sponsors to an average of 45 days, down from 93 days last November. One key, HHS said, was lifting a requirement that all adult relatives be fingerprinted before they can take a child out of custody.
“This facility is all about unification,” said Mark Weber, an HHS spokesman.
The holding center is opening amid record numbers of family members apprehended at the border and thousands of children traveling without their parents as they flee violence and poverty in Central America.
Baptist Child and Family Services also ran the Tornillo camp, which opened last summer as thousands of children were separated from their parents by Trump administration policy. Tornillo reached as many as 2,800 children until it was closed in January.
BCFS CEO Kevin Dinnin said he had refused in December to take more children at Tornillo because the camp was holding them for so long, a decision that led to its closing. Dinnin said he resolved never to open another emergency center like it, but the conditions reported in Border Patrol custody changed his mind. He said he also believes HHS is doing more to process children more quickly.
“At the end of the day, our philosophy has been … to keep kids out of CBP jail cells,” Dinnin said.
Jonathan Ryan, executive director of the legal group RAICES, said his organization is ready to send lawyers to Carrizo Springs but is waiting for the OK from the government.
“We just want to get inside and work with those kids,” Ryan said. “Children who have been detained, who have gone through deprivation and cages in Border Patrol custody, are potentially being released without ever having had access to legal advice and screening.”
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Black women voters will be central to the 2020 election, experts predict
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potential abuse of face scans for ICE —
Iran has surpassed the uranium enrichment limit. Here’s what that means
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Should commentators moderate debates? Get up to speed on your morning commute with _Fortune_’s
CEO Daily newsletter.
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