Apologies for tweeting about European Land so much yesterday, but this article was a significant moment for us. For more than 3.5 years we have suffered enormously and this has mostly gone under the radar in the

2/ The Times article is the first recognition of the Reubens involvement in the cladding scandal. From the time we discovered we had ACM, European Land has refused to contribute a single penny towards the remediation. Even after their own intrusive survey showed that the missing
3/ fire breaks and flammable insulation they installed were AGAINST regulations, they still refused to contribute to fix their mistakes.
4/ To make things worse, their aggressive behaviour meant they issued S20 notices against leaseholders and started billing us for millions from as early as 2018 (two years before any remediation works had even started). They then instructed their lawyers to take actions against
5/ against leaseholders and started proceedings against us if payments of £40,000-60,000 were not made within months. The stress and misery this caused us we will never forget or forgive.
6/ Even after the ACM government fund was announced, they instructed their lawyers to write to us and say they would continue to collect monies regardless and that we were not entitled to any refunds or interest. Only though intervention by MHCLG did they back track
7/ As of today they have collected £7.5m from leaseholders and none of this money has been returned to us despite this being a condition of both the ACM and BSF grants and the managing agent confirming we would be refunded.
8/ European Land have donated £2.5m to the conservatives and £80m to Oxford University since Grenfell, yet since won’t pay a penny towards our now £20.7m remediation costs. They expect tax payers and leaseholder to bail them out despite the Reubens being worth £16B.
9/ Meanwhile leaseholders have haemorrhaged money – in addition to the £7.5m in remediation costs, we have paid over £1m in waking watch and alarms, and our insurance premiums have soared from £130k to £670k this year. All industries profiteering from this scandal.
10/ So thank you to @thetimes for finally picking up on this story. And as always were are indebted to Will and Ritu @ukcag for their support. We will not stop campaigning with everyone until all homes are safe #EndOurCladdingScandal
To find out more: https://t.co/ufZCiqEjSG

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The Mother of All Squeezes

How Volkswagen went from being on the brink of bankruptcy to the most valuable company in the world in two days

/THREAD/


1/ At the peak of the 2008 financial crisis, Volkswagen was considered a very likely candidate for bankruptcy.

Heavily indebted and already financially struggling before 2008, with car sales expected to plummet due to the ongoing global crisis.


2/ With GM and Chrysler filing for bankruptcy in 2009, shorting the VW stock would seem a safe bet.

If you are not familiar with stock shorts and short squeezes check my thread


3/ On October 26, 2008, Porsche announced it had increased its stake at VW from 30% to 74%.

This was a surprise to many who were led to believe that Porsche wasn't planning a takeover of VW, based on the company's announcements.


4/ Before the announcement, the short interest was approximately 13% of the outstanding shares, a number considered relatively low.

Porsche had a 30% stake, the Lower Saxony government fund held 20% of the shares, and another 5% was held by index funds.
Following @BAUDEGS I have experienced hateful and propagandist tweets time after time. I have been shocked that an academic community would be so reckless with their publications. So I did some research.
The question is:
Is this an official account for Bahcesehir Uni (Bau)?


Bahcesehir Uni, BAU has an official website
https://t.co/ztzX6uj34V which links to their social media, leading to their Twitter account @Bahcesehir

BAU’s official Twitter account


BAU has many departments, which all have separate accounts. Nowhere among them did I find @BAUDEGS
@BAUOrganization @ApplyBAU @adayBAU @BAUAlumniCenter @bahcesehirfbe @baufens @CyprusBau @bauiisbf @bauglobal @bahcesehirebe @BAUintBatumi @BAUiletisim @BAUSaglik @bauebf @TIPBAU

Nowhere among them was @BAUDEGS to find

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