Capital structure – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ Wed, 28 Sep 2022 06:43:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://piazzacarlogiuliani.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Capital structure – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ 32 32 What does the Great Wall Motor Company Limited (HKG:2333) stock price indicate? https://piazzacarlogiuliani.org/what-does-the-great-wall-motor-company-limited-hkg2333-stock-price-indicate/ Wed, 28 Sep 2022 06:43:37 +0000 https://piazzacarlogiuliani.org/what-does-the-great-wall-motor-company-limited-hkg2333-stock-price-indicate/

Today we are going to take a look at the Great Wall Motor Company Limited (HKG:2333). Shares of the company have seen significant price moves in recent months on the SEHK, reaching highs of HK$17.78 and falling to lows of HK$9.81. Certain movements in the stock price can give investors a better opportunity to get into the stock and potentially buy at a lower price. One question to answer is does Great Wall Motor’s current price of HK$10.58 reflect the true value of the large cap? Or is it currently undervalued, giving us the opportunity to buy? Let’s take a look at Great Wall Motor’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

See our latest analysis for Great Wall Motor

What is Great Wall Motor worth?

Good news, investors! Great Wall Motor is still a bargain right now. According to my assessment, the intrinsic value of the stock is HK$15.14, but it is currently trading at HK$10.58 in the stock market, which means there is still a buying opportunity now . What’s more interesting is that Great Wall Motor’s stock price is quite volatile, giving us more of a chance to buy since the stock price could go down (or up) at the end of the day. coming. This is based on its high beta, which is a good indicator of how the stock is doing relative to the rest of the market.

What does the future of Great Wall Motor look like?

SEHK: 2333 Earnings and Revenue Growth September 28, 2022

Future prospects are an important aspect when considering buying a stock, especially if you are an investor looking to grow your portfolio. Although value investors argue that it is intrinsic value relative to price that matters most, a more compelling investment thesis would be high growth potential at a cheap price. With earnings expected to rise 18% over the next two years, the outlook is positive for Great Wall Motor. It seems that a higher cash flow is expected for the stock, which should translate into a higher valuation of the stock.

What this means for you

Are you a shareholder? Given that 2333 is currently undervalued, now may be the perfect time to build up more of your holdings in the stock. With an optimistic outlook on the horizon, it appears that this growth has yet to be fully priced into the stock price. However, other factors such as capital structure must also be taken into account, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on 2333 for a while, it might be time to get into the stock. Its prosperous future prospects are yet to be fully reflected in the current stock price, meaning it’s not too late to buy 2333. other factors, such as the track record of its management team, in order to make an informed investment decision.

With this in mind, we would not consider investing in a stock unless we have a thorough understanding of the risks. Every business has risks, and we’ve spotted 1 warning sign for Great Wall Motor you should know.

If you are no longer interested in Great Wall Motor, you can use our free platform to view our list of over 50 other stocks with high growth potential.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Valuation is complex, but we help make it simple.

Find out if Great Wall Engine is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

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After buying recently, insiders of Xinyi Glass Holdings Limited (HKG:868) must be dismayed to see the company’s market capitalization plummet to HK$49 billion https://piazzacarlogiuliani.org/after-buying-recently-insiders-of-xinyi-glass-holdings-limited-hkg868-must-be-dismayed-to-see-the-companys-market-capitalization-plummet-to-hk49-billion/ Sun, 25 Sep 2022 01:08:57 +0000 https://piazzacarlogiuliani.org/after-buying-recently-insiders-of-xinyi-glass-holdings-limited-hkg868-must-be-dismayed-to-see-the-companys-market-capitalization-plummet-to-hk49-billion/

Every investor in Xinyi Glass Holdings Limited (HKG:868) should know the most powerful shareholder groups. With a 59% stake, individual insiders own the most shares in the company. In other words, the group faces the maximum upside potential (or downside risk).

A quick look at our data suggests that insiders have been buying shares of the company recently. Their expectations, however, were not met as the market capitalization fell to HK$49 billion over the past week.

Let’s dive deeper into each type of owner in Xinyi Glass Holdings, starting with the table below.

If you’re not interested in finding 868’s ownership structure, we have a free list of interesting investment ideas to potentially inspire your next investment!

SEHK: 868 Ownership Breakdown September 25, 2022

What does institutional ownership tell us about Xinyi Glass Holdings?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors hold a sizeable share of Xinyi Glass Holdings. This may indicate that the company has some degree of credibility in the investment community. However, it is best to be wary of relying on the so-called validation that accompanies institutional investors. They are also sometimes wrong. If multiple institutions change their minds on a stock at the same time, you could see the stock price drop quickly. So it is worth checking out the earnings history of Xinyi Glass Holdings below. Of course, the future is what really matters.

earnings-and-revenue-growth
SEHK: 868 Profit and Revenue Growth September 25, 2022

Xinyi Glass Holdings is not owned by hedge funds. From our data, we infer that the largest shareholder is Yin Yee Lee (who also holds the title of Top Key Executive) with 28% of the shares outstanding. It’s generally considered a good sign when insiders hold a significant amount of stock in the company, and in that case, we’re happy to see a company insider act as a key stakeholder. Ching Sai Tung is the second largest shareholder with 11% of the common shares and Ching Bor Tung owns about 8.1% of the shares of the company. Note that two of the top three shareholders are also CEO and Vice Chairman respectively, again indicating significant insider participation in the company.

After digging a little deeper, we found that the top 4 shareholders control over half of the company’s stock, which basically means there is concentrated ownership among the top shareholders, most of whom are insiders!

While studying the institutional ownership of a company can add value to your research, it is also recommended that you research analyst recommendations to better understand a stock’s expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to know their overall view on the future.

Insider ownership of Xinyi Glass Holdings

The definition of an insider may differ slightly from country to country, but board members still matter. Management is ultimately responsible to the board of directors. However, it is not uncommon for managers to be members of the management board, especially if they are founders or CEOs.

Most view insider ownership as a positive because it can indicate that the board is well aligned with other shareholders. However, there are times when too much power is concentrated within this group.

It appears that insiders own more than half of the shares of Xinyi Glass Holdings Limited. It gives them a lot of power. This means that insiders have a very significant HK$29 billion stake in this HK$49 billion company. Most would say this is a positive, showing strong alignment with shareholders. You can click here to see if they have sold their stake.

General public property

With a 23% stake, the general public, consisting mainly of individual investors, has some influence over Xinyi Glass Holdings. Although this group may not necessarily make the decisions, they can certainly have a real influence on the way the business is run.

Next steps:

While it is worth considering the different groups that own a business, there are other, even more important factors. To this end, you should be aware of the 1 warning sign we spotted with Xinyi Glass Holdings.

If you’re like me, you might want to ask yourself if this business will grow or shrink. Luckily, you can check out this free report showing analyst predictions for its future.

NB: The figures in this article are calculated using trailing twelve month data, which refers to the 12 month period ending on the last day of the month the financial statements are dated. This may not be consistent with the annual report figures for the full year.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Valuation is complex, but we help make it simple.

Find out if Xinyi Glass Farms is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

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Belmont at Big A Week 3 Probable Stakes https://piazzacarlogiuliani.org/belmont-at-big-a-week-3-probable-stakes/ Thu, 22 Sep 2022 23:07:03 +0000 https://piazzacarlogiuliani.org/belmont-at-big-a-week-3-probable-stakes/

friday september 30

$125,000 John Hettinger

Likely: Finest Work (George Weaver), Ice Princess (Danny Gargan), Make Mischief (Mark Casse), Pure Bode (James Ryerson), Runaway Rumor (Jorge Abreu), Vienna Code (Andrew Williams)

Saturday October 1

G1 Woodward

Likely: Informative (Uriah St. Lewis), Life Is Beautiful (Todd Pletcher), Thomas Shelby (David Jacobson)

Possible: Law professor (Rob Atras), Twilight Blue (Joe Sharp)

G1 Champagne – BC WAYI

Likely: Andiamo to Firenze (Kelly Breen), Blazing Sevens (Chad Brown), Champions Dream (Gargan), Forte (Pletcher), Gulfport (Steve Asmussen), Verifier (Brad Cox)

Possible: Free Soul (Carlos Munoz)

G2 Miss Grillo – BC WAYI

Likely: Essaouira (Graham Motion), Georgees Spirit (Jorge Abreu), Im Just Kiddin (John Kimmel), Lady Jasmine (David Donk), Pleasant Passage (Shug McGaughey)

G3 Belmont Turf Sprint

Likely: Cazadero (Brendan Walsh), Dancing Buck (Michelle Nevin), Noble Emotion (Horacio De Paz), Scuttlebuzz (Rudy Rodriguez), Thin White Duke (Donk), Voodoo Zip (Christophe Clément), Yes and Yes (Donk)

Sunday October 2

G1 Frizette – BC WAYI

Likely: American Rockette (Bill Mott), Chocolate Gelato (Pletcher), Hot Little Thing (Rodolphe Brisset), Leave No Trace (Phil Serpe), The Great Maybe (Cherie DeVaux), Vedareo (Robert Reid, Jr.), You’re My daughter (John Terranova)

Possible: Alva Starr (Brett Brinkman)

G2 Pilgrim – BC WAYI

Likely: Battle of Normandy (McGaughey), Fly Right (Leah Gyarmati), I’m Very Busy (Chad Brown), Lachaise (Jorge Abreu), Major Dude (Pletcher)

G3 Fasig-Tipton Waya

Likely: Capital Structure (C. Brown), Lovely Lucky (Tom Albertrani)

Possible: Gladys (Kelsey Danner)

NYRA Press Office

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Clearlake Capital Concludes Clearlake Opportunities Partners III with Over $2.5 Billion in Commitments https://piazzacarlogiuliani.org/clearlake-capital-concludes-clearlake-opportunities-partners-iii-with-over-2-5-billion-in-commitments/ Tue, 20 Sep 2022 11:00:00 +0000 https://piazzacarlogiuliani.org/clearlake-capital-concludes-clearlake-opportunities-partners-iii-with-over-2-5-billion-in-commitments/

Oversubscribed The COP III fund invests using an all-weather strategy by providing Flexible equity and credit solutions

SANTA MONICA, Calif., September 20, 2022 /PRNewswire/ — Clearlake Capital Group, LP (“Clearlake“or the “Company”), an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies, announced today that it has completed the of funds for Clearlake Opportunities Partners III (“COP III” or the “Fund”) with more than $2.5 billion in commitments. COP III was oversubscribed (including general partner and affiliate commitments) and exceeded its $1.5 billion target with the support of existing and new sponsors.

COP III will continue Clearlake’s flexible investment strategy of investing in special situations investments without controls, using the company’s sector approach targeting investments in technology, industrial and consumer companies.

“With COP III, Clearlake has the ability to partner with attractive companies looking for tailored capital solutions, while offering our investors a combination of capital preservation and attractive contractual returns, as well as upside potential in stocks or similar actions. This all-weather approach allows us to act with agility in the face of changing market conditions, including taking advantage of periodic disruptions in debt capital markets,” said José E. Feliciano, co-founder and managing partner at the house of Clearlake. “An agile, multi-pronged investment approach has been a tenet of the company since its inception 16 years ago, and COP III is the perfect complement to our recently closed flagship fund VII. We would like to thank our diverse group of investors for their confidence in our team and their continued support.”

“The Fund has the flexibility to invest across the capital structure in both equity, preferred stock and debt securities, allowing us to focus on opportunities where creativity and active sponsorship are rewarded. said Behdad Eghbali, co-founder and managing partner at Clearlake. “Clearlake’s A strong and growing team is well qualified to source and execute complex transactions, and we look forward to putting our capital to work where it makes sense, including financing mergers and acquisitions, enabling completion events for owners and shareholders and meeting liquidity needs.

Sponsors of COP III include institutional investors from Asia, Europeand North Americaand represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices.

In May, Clearlake announced that it has raised more than $14.1 billion for its seventh flagship private equity fund, Clearlake Capital Partners VII. Total capital raised by Clearlake since January 2021 outrun $27 billionwhich includes COP III, Fund VII, the company’s continuation and co-investment funds, and capital raised by WhiteStar Asset Management, LLC, CLO, structured products and the largely syndicated credit arm of Clearlake. COP III has previously led investments in AMCS, a global provider of cloud-based integrated software and vehicle technologies for the environment, utilities, waste, recycling and resource industries, and Chelsea Football Club, a professional football club that competes in the Premier League. , the top division of English football. COP III led the Chelsea Football Club investment on behalf of Clearlake’s affiliated funds and other partners.

Credit Suisse acted as advisor and placement agent for COP III, and Paul Weiss served as legal counsel for the Fund.

About Clearlake Capital

Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the company seeks to partner with management teams by providing patient, long-term capital to companies that can benefit from Clearlake’s operational improvement process, OPS® The main target sectors of the company are technology, industry and consumer. Clearlake currently has more $70 billion of assets under management, and its senior investment managers have led or co-led more than 400 investments. The company is headquartered in Santa Monica, California with subsidiaries in Dallas, TX, London, UK and Dublin. More information is available at www.clearlake.com and on Twitter @Clearlake.

Investor contacts:
Patrick Gillian
Clearlake Capital Group, LP
310-400-8844
[email protected]

Media Contact:
Jennifer Hurson
Lambert
845-507-0571
[email protected]

SOURCEClearlake Capital Group

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Clarity of running with an elephant https://piazzacarlogiuliani.org/clarity-of-running-with-an-elephant/ Sun, 18 Sep 2022 02:06:00 +0000 https://piazzacarlogiuliani.org/clarity-of-running-with-an-elephant/

* Note the disclaimer at the bottom of this article.


“Baby elephant my offspring, the messy, you unorthodox, please stay close, close to tradition, cooperative tradition. Oh please”

“Clarity, oh beautiful lady, I love you so much, please stay by my side forever!”

These two lines of messy poetry have the emphasis for what follows. You take what you can, learn from this reality.

If you haven’t noticed Fonterra is dealing with it. It goes with the job, but we all thought the spleen was empty, that there was no money to be made above the proverbial high water mark of milk solids. Think again.

So we are talking about the Fonterra Shareholders’ Fund (FSF, #44). Simply put, as private investors, we are able to invest side by side with the farmer shareholders of Fonterra, a kind of halfway house, only voting rights are given up compared to normal Fonterra shares ( FCG), those exchanged between farmers .

An FSF shareholder receives all dividends and potential capital returns equal to any FCG farmer share. In fact, FSF represents around 6% of the Fonterra Group’s total share capital, which amounts to around 1.7 billion shares.

We shouldn’t get too bogged down in the mud quantifying the technicalities of this capital structure, but let’s just say it’s a bit of gumboot material typical of a wet winter’s day, that is- i.e. difficult to navigate, so a lot of conversations on the subject have taken place since Fonterra became a listed entity with both strains of capital.

FSF earnings per share

The central theme of importance is defining how an FSF shareholder achieves an underlying return (earnings per share) causes a lot, the majority of the ‘cost of goods sold’ goes to Joe and/or Janet Blow Fonterra farmer (fair enough).

As an FSF or FCG shareholder, revenues reflect the difference Fonterra pays farmers for the basic basket of whole milk, commodities (including butter) and the value it receives from the sale of produce. value-added sayings that “can”` (one would assume…don’t assume!) provide the cream (i.e. $$$).

Either way, this “cream” of profitability has been a tricky beast to achieve. The most pressing or defining problem is that, generally, if Fonterra pays farmers too much for their “on-farm” milk, it is difficult to obtain a large premium and, as a result, it suffers from meager profits on the side added value.

Conversely, when the farmer’s payout is low, the reverse happens with the shareholder’s benefit.

But why am I acting now and opening the coin box (let’s call it the war chest) and filling the bucket?

I was prompted to act given the income and possible capital gains. I sense a windfall of income. But why?

Clarity

Tony, it’s 4:30, wake up boy, do you want a cup of tea and a vanilla cookie or two?said the unshaven old boy, sort of, many moons ago. And I, tired as ever at this hour of the morning, never contemplating the earning power of the herd (stupid, naive me), but understandable as a skinny, careful teenager, I only knew that the cows had to be milked, and Be careful, the hind legs can kick!

The clarity I suggest (you delve into your own sense without googling) is an unscientific, messy, yet beautifully intangible concept (it was at first glance and still is…sitting through the tough looking after me! !) You know it when you see it. It comes out like a sore thumb, a crush on these occasions of happiness! It is the confirmation of clarity.

So when Fonterra CEO Miles Hurrell announced late last week that profit forecasts for next year (ending July 31, 2023) would be between 45c and 60c, significantly higher than previous forecast of 30c to 45c my mind struggled to believe. The prospect of higher earnings shook the intellect. Is this the light before the sun we’ve been dreaming of for so long for New Zealand’s agricultural juggernaut?

The statement resonated in my spine, because we’ve all been here before, caught up in the glamor of being, only to be swept up in this wastebasket of defeat again? Still, I had to get out of bed and take a look, reevaluate the show in front of my screen, and gather the most rational thoughts to evaluate.

We should first take a look at one of the latest glamorous presentations which former CEO Theo Spierings pitched to investors in late 2017.

In my opinion, his mandate was a manual on how not to do it.

Fortunately, Fonterra has moved on.

Introducing a no-frills, forward-looking guy, Lt. Hurrell (a long-time Fonterra retainer) essentially overturned all of Fonterra’s dominating global ambitions by sticking to achieving existential goals of New Zealand farmers only.

Although Fonterra’s shareholder fund is small in the scheme of things so it’s not everyone’s cup of tea, we have to remember that Fonterra is the biggest company in New Zealand and has therefore of disproportionate relevance for investors.

So, with a flair for a deal here, what’s my math for extracting Mr. Consistent’s words of encouragement?

I’m pretty good at math but looking into the future requires abstracting the possible with the probable while staying on the edge of causal determinism and not failing to be somewhat conservative and practical. Custard-in-the-face materializes if you invent too much self-inflicted contrived fiction. So pure math is not an amateur because you’ll never be perfectly correct in that judgment, but let’s just note some of the questions that matter”

  1. Fonterra will pay a final dividend of 15c for the 2022 financial year which will be announced on Thursday September 22. This is hypothesis #1,
  2. Expect next year’s total dividend to be around 30 cents per share, given Hurrell’s earnings midpoint forecast, which at this point is 52.5 cents (I say close 60% of profit payment).

This hypothesis #2 is a little off from the previous year “Presentation of long-term aspirations“. Look at the last page.

They’re doing better than expected, I think, due to both the high value of the US dollar and the fact that the price of whole milk powder is down about 20% in the last six months. This added value has expanded and could expand further, says the CEO. All good. Remember that Mr. and Mrs. Farmer are collecting and planning to collect record payments this year and next.

  1. Fonterra plans to return $1 billion to shareholders by the end of fiscal 2024, given the impending sale of Soprole, their now non-core South American operation. This represents approximately 60 cents of return on capital per share.

Therefore, if we assume points 1, 2 and 3, by the end of September next year we will have received 45c of dividends, which here represents a return of around 13% on a FSF share price let’s say $3.40, plus the expectation of that impending 60c return of capital a year from now, plus another growing dividend payment to come for the 2024 financial year.

A growing dividend pipeline from here is enticing. I feel that the conviction of this hypothesis will be further clarified next week. The ship could be leaving so to speak.

Also, if you slide in a valuation metric, say a price/earnings ratio, then you can figure out that a stock price of $5-$6 is possible again. Why not? The pessimists will say look at the old Fonterra, or look at the Amélioration de l’Elevage (LIC) with their shareholders held solely by the farmers. I would say shame on LIC, too bad they haven’t figured out how to really open the capital valuation box. Fonterra, on the other hand, has this dual structure, although quite insufficient.

Also, you shouldn’t ignore the $50 million buyback that Fonterra started recently on common stock. They had to stop buying on August 1 due to the blackout period before the earnings announcement this coming week. They’ve repurchased less than a million shares so far, so imagine what happens when they do it again on Friday, September 23, just a week from now?

We should also keep an eye on total debt next week.

As incomes thrive, the cause of historical angst will only become an afterthought, as it becomes less of a burden, more of a sustainable and useful financial tool (in the context of high creditworthiness) and will thus release the calf in a seemingly adolescent trot, or even a gallop. Be careful.

So a bet on Fonterra. A two-way bet. There is the prospect of dividend growth as a simple reflection of sustainable earnings growth. And given the current low valuation, a ripe launch pad for the elephant is once again in demand.

Will Fonterra’s leadership be worshiped again?

Clarity has spoken.


THIS IS NOT INVESTMENT ADVICE. DO NOT ACT ON DREAMS HERE. This article aims to suggest how situations like this can be assessed. This is just a general example. Before doing anything with FSF, FCG or any planned investment, you should obtain appropriate advice from a licensed adviser.


Tony Morgan ran a portfolio management business and an equity brokerage firm, both of which were purchased by Craig Investment Partners. He now runs a small family office that invests globally. Other articles in this series can be found here. And profiles of all NZX50 companies can be found here.

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Conversation with Chris Pavlovski, CEO of Rumble and Howard W. Lutnick, CEO of Cantor Fitzgerald and CFVI https://piazzacarlogiuliani.org/conversation-with-chris-pavlovski-ceo-of-rumble-and-howard-w-lutnick-ceo-of-cantor-fitzgerald-and-cfvi/ Tue, 13 Sep 2022 18:56:00 +0000 https://piazzacarlogiuliani.org/conversation-with-chris-pavlovski-ceo-of-rumble-and-howard-w-lutnick-ceo-of-cantor-fitzgerald-and-cfvi/

NEW YORK, September 13, 2022 /PRNewswire/ — Chris Pavlovski, CEO of Rumble, Inc. (“Rumble”), the fast-growing neutral video platform, spoke with Howard W. Lutnick, CEO of CF Acquisition Corp. VI (Nasdaq: CFVI) (“CFVI”), a publicly traded special purpose acquisition company sponsored by Cantor Fitzgerald.

To access the video, please click here.

About Rumble

Rumble is a high-growth neutral video platform that creates the tracks and an independent infrastructure designed to be free from cancel culture. Rumble’s mission is to bring the Internet back to its roots by making it free and open again. Additionally, the Company announced in December 2021 that it had entered into a definitive business combination agreement with CFVI. See the announcement here: https://corp.rumble.com.

About CF Acquisition Corp. VII

CFVI is a blank check corporation led by Chairman and CEO Howard W. Lutnick and sponsored by Cantor Fitzgerald.

About Cantor Fitzgerald

Cantor Fitzgerald, with more than 12,000 employees, is a leading global financial services group at the forefront of financial and technology innovation and has been a proven and resilient leader for 77 years. Cantor Fitzgerald & Co. is a leading investment bank serving more than 5,000 institutional clients worldwide, recognized for its strengths in the fixed income and equity markets, investment banking , SPAC underwriting and PIPE investments, prime brokerage and commercial real estate on its global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers that transact with the Federal Reserve Bank of New York. For more information, visit: www.cantor.com.

Important information and where to find it

This press release relates to a proposed transaction between Rumble and CFVI. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, securities, and there will be no sale of securities in any jurisdiction in which a such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. In connection with the transaction described herein, CFVI has filed with the SEC an effective registration statement on Form S-4, which includes a proxy statement/prospectus of CFVI, on August 12, 2022 (the “Registration Statement”). ‘registration’), and has filed, and will file other relevant documents with the SEC. The definitive proxy statement/prospectus was sent to all shareholders of CFVI on the record date. Investors and security holders of CF VI are urged to read the registration statement, definitive proxy statement/prospectus (and any supplements thereto, as they are filed) , and all other relevant documents filed or to be filed in connection with the proposed transaction as they contain material information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, definitive proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC by CFVI through Web maintained by the SEC at www.sec. govt.

Documents filed or to be filed by CFVI with the SEC may also be obtained free of charge upon written request to CF Acquisition Corp. VI, 110 East 59th Street, New York, NY 10022 or by e-mail at [email protected]. Documents filed or to be filed by Rumble or any successor transaction entity with the SEC may also be obtained free of charge upon written request to Rumble USA Inc., 444 Gulf of Mexico Drive, Longboat Key, FL 34228.

Participants in the solicitation

CFVI, Rumble and their respective directors and officers may be considered participants in the solicitation of proxies from CFVI stockholders in connection with the proposed transactions. CFVI shareholders and other interested persons may obtain, free of charge, more detailed information regarding the directors and officers of CFVI in the registration statement. Information regarding persons who may, under SEC rules, be considered participants in the solicitation of proxies from CFVI stockholders in connection with the proposed business combination is set forth in the registration statement.

No offer or solicitation

This press release is not a proxy statement or a solicitation of proxy, consent or authorization with respect to any securities or with respect to the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy securities of CFVI or Rumble, and there will be no sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification as under the securities laws of that state or jurisdiction. No offer of securities may be made except by means of a prospectus satisfying the requirements of the Securities Act of 1933, as amended.

Forward-looking statements

This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction between CFVI and Rumble. These forward-looking statements include, but are not limited to, statements regarding the closing of the transaction and the expectations, hopes, beliefs, intentions or strategies of CFVI, Rumble or their respective management teams regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of such words does not mean that a statement is not prospective. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to significant assumptions, risks and uncertainties. These statements are based on various assumptions, identified or not in this document. These forward-looking statements are provided for informational purposes only and are not intended to serve and should not be relied upon by any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many real events and circumstances are beyond the control of CFVI and Rumble. Many factors could cause actual future events to differ from the forward-looking statements contained herein, including, but not limited to (i) the risk that the transaction may not be completed in a timely manner or at all, (ii) the inability to fulfill the conditions for the completion of the transaction, (iii) the impossibility of completing the PIPE offer, (iv) the occurrence of any event, change or other circumstance that may lead to the termination of the business combination agreement, (v) the outcome of any legal proceedings that may be brought against Rumble and/or CFVI related to the business combination agreement or the transactions contemplated by it, (vi) the ability to maintain the listing of CFVI shares on the Nasdaq, (vii) transaction-related costs and failure to realize the anticipated benefits of the transactions or realize the estimated pro forma results and underlying assumptions, including who con identifies estimated shareholder redemptions, (viii) the effect t of the announcement or expectation of the transaction on Rumble’s business relationships, results of operations, performance and business generally, (ix) changes to the combined capital structure of Rumble and CFVI as a result of the transactions, (x) changes in laws and regulations affecting Rumble’s business, (xi) the ability to implement business plans, forecasts and further expectations after closing of transactions, and to identify and realize additional opportunities, (xii) risks related to Rumble’s limited operating history, business deployment and timing of business milestones expected, (xiii) risks relating to Rumble’s potential inability to achieve or maintain profitability and generate cash, (xiv) current and future conditions in the global economy, including due to the impact of e the COVID-19 pandemic, and their impact on Rumble, its business and the markets in which it operates, (xv) Rumble’s ability to retain existing content providers and users and to attract new t content providers and customers, (xvi) the potential inability of Rumble to effectively manage growth, (xvii) the enforceability of Rumble’s intellectual property, including its patents and potential infringement of the intellectual property rights of others, and ( xviii) the ability to recruit, train and retain qualified personnel. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Registration Statement, CFVI’s Form 10-Q filed on August 15, 2022 and other documents CFVI has filed. or will file with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Rumble and CFVI undertake no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither Rumble nor CFVI guarantees that Rumble or CFVI will achieve its expectations.

Rumble logo

Quote View original content to download multimedia: https://www.prnewswire.com/news-releases/conversation-with-chris-pavlovski-ceo-of-rumble-and-howard-w-lutnick-ceo-of-cantor -fitzgerald-and-cfvi-301623573.html

SOURCE Rumble and CFVI

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First Stakes winners: In appendices pressed from start, Sibelius takes over at Pimlico – Horse Racing News https://piazzacarlogiuliani.org/first-stakes-winners-in-appendices-pressed-from-start-sibelius-takes-over-at-pimlico-horse-racing-news/ Sun, 11 Sep 2022 01:48:19 +0000 https://piazzacarlogiuliani.org/first-stakes-winners-in-appendices-pressed-from-start-sibelius-takes-over-at-pimlico-horse-racing-news/

Junior Alvarado guided Sibelius to victory in Lite the Fuse at Pimlico

Thanks to a masterful run from jockey Forest Boyce, In a Hurry slowed things down early and came home late to renege on an offer from Plum Ali and claim their first career win in Saturday’s $100,000 All Along. at the Pimlico Race Course.

Contrary to its name, Stuart Janney III’s In a Hurry was in no rush as Hall of Fame trainer Shug McGaughey’s go-to rider Boyce in Maryland put her on an undisputed quarterback lead mile in a quiet: 26.79 and a half mile in: 52.65 with Gladys, a full sister to Hall of Fame mare Rachel Alexandra, and tied favorite Plum Ali giving the closest pursuit.

“Actually, everything went pretty well. I thought there would be two horses to go with us, but luckily they left us alone and we kind of did everything for us, which was good,” Boyce said. It was the second victory of the day for Boyce after winning Race 2 over West Newton, a 6-year-old gelding bred in England by Queen Elizabeth II, who died on September 8 at the age of 96.

“It’s great,” Boyce added, “especially with this horse because we keep knocking on the door and we haven’t quite got there yet. It’s pretty special today.

In a Hurry rallied for home in command with Capital Structure making an away bid and Plum Ali advancing on the rail as six furlongs went in 1:17.59. In a Hurry dug in with determination and held off Plum Ali to win by half a length in 1:52.71 on a firm turf course.

In each of its previous three races, In a Hurry has kept pace and finished third in the July 16 Big Dreyfus at Laurel Park, August 15 Old Nelson at Colonial Downs and May 21 Gallorette (G3), the latter on the sub -map of the 147th Preakness Stakes (G1).

“Je pensais que[allerentête[avaitbeaucoupdesenssurtoutsicelan’allaitpasêtrecontestéElleaimeselancerdansunbeaugalopetellefiniraElleneveutpastraînerloinderrièrejenepensepasC’étaitparfaitpourelle»adéclaréJanneyàproposdeInaHurryquiarapporté1020$[goingtothelead[madewholelotofsenseparticularlyifitwasn’tgoingtobecontestedShelikestogetintoanicegallopandshe’llfinishShedoesn’twanttotrailwaybehindIdon’tthinkThiswasperfectforher”JanneysaidofInaHurrywhoreturned20[allerentête[avaitbeaucoupdesenssurtoutsicelan’allaitpasêtrecontestéElleaimeselancerdansunbeaugalopetellefiniraElleneveutpastraînerloinderrièrejenepensepasC’étaitparfaitpourelle»adéclaréJanneyàproposdeInaHurryquiarapporté1020$[goingtothelead[madewholelotofsenseparticularlyifitwasn’tgoingtobecontestedShelikestogetintoanicegallopandshe’llfinishShedoesn’twanttotrailwaybehindIdon’tthinkThiswasperfectforher”JanneysaidofInaHurrywhoreturned20

“We really wanted to earn a stake with her and it seemed like a good place. We have been close. She has a lot of black type but she just hadn’t won a bet,” he added. “Obviously Forest did a terrific job today. I thought to myself when they crossed the finish line that there had been a number of times someone else had done this to us, and it’s pretty good to be on the best side of it.

Lake Lucerne is third a length and a half behind Plum Ali, a head ahead of Gladys, followed by Youens and Capital Structure. Champagne Toast has been scratched.

The All Along is named after the French-bred filly who won the Prix de l’Arc de Triomphe, Rothmans International, Turf Classic and Laurel’s Washington DC International in the space of 41 days in 1983, en route to becoming the premier horse based abroad. to be voted American Horse of the Year. A winner of nine races and more than $3 million in purse money in 21 starts, she was inducted into the National Museum of Racing Hall of Fame in 1990.

Sibelius Records Wins First Bid in Lite The Fuse

Also on the Pimlico card, Jun Park and Delia Nash’s 4-year-old gelding Sibelius won his first stakes race when he led all the way to win the $100,000 Lite The Fuse by 7½ lengths over Jaxon Traveler, winner of several stakes.

Sibelius, who had won one of his last six races, all against a company of optional indemnity claimants, escaped cleanly from the gate and took over as Jaxon Traveler shortly after the break.

Under jockey Junior Alvarado, the son of Not This Time passed the fractions of :22.76 and :45.43 by Quick Tempo before Jaxon Traveler moved to three entering the stretch and aimed for the leader. But Alvarado still had plenty under him, and Sibelius walked away along the stretch.

Trained by Jeremiah O’Dwyer, Sibelius covered all six stadiums in 1:09.30.

“When I started the race I thought they would be a bit faster, but he ran out the gate and I didn’t want to take anything away. He was traveling very well. It was going easy for him,” said said Alvarado.

“It was a big effort on his part today,” O’Dwyer said. “He’s 4 now, and I think this is his year. He put it all together.

O’Dwyer said he would consider running Sibelius next month at the $350,000 Phoenix at Keeneland.

Paulick report icon
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Home Bistro Files for Listing of its Shares on the NASDAQ Capital Market https://piazzacarlogiuliani.org/home-bistro-files-for-listing-of-its-shares-on-the-nasdaq-capital-market/ Thu, 08 Sep 2022 16:49:18 +0000 https://piazzacarlogiuliani.org/home-bistro-files-for-listing-of-its-shares-on-the-nasdaq-capital-market/

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MIAMI BEACH, FL/ACCESSWIRE/September 8, 2022/ Home Bistro, Inc. (OTC PINK:HBIS), (“Home Bistro” or the “Company”), a celebrity chef and lifestyle-inspired ready-meal delivery platform, today announced that he had applied to list his shares of common stock on the Nasdaq Capital Market.

Home Bistro CEO Zalmi Duchman said, “We believe the move from OTC to the Nasdaq Capital Market will increase Home Bistro’s visibility, improve our stock trading liquidity, and broaden the company’s awareness on financial markets. A Nasdaq listing should also attract more investors and help create greater shareholder value.”

He added: “Over the past year, we have worked closely with our investment bankers to strategize and structure a potential equity offering in conjunction with our proposed listing, which, if it is achieved, should provide us with the capital to grow our business significantly, both organically and through potential acquisitions.”

The company’s common stock will continue to trade on the OTC under its current symbol, HBIS, during the Nasdaq review process, and until the company receives approval for trading on the Nasdaq. »

About Home Bistro, Inc.

Home Bistro is a leading direct-to-consumer online platform, www.homebistro.com, that creates and distributes ready-to-eat gourmet meals inspired by celebrity chefs, which currently includes culinary offerings from “Iron Chef” Cat Cora, TV Host and Bestselling Cookbook Author Ayesha Curry, Chef “Hungry Fan” Daina Falk, “Master Chef” Claudia Sandoval, “Top-Chef All-Star” Richard Blais, Chef “Vegan + Sustainable Priyanka Naik, celebrity pastry chef and dessert Melanie Moss, and soon to be cast celebrity chef Robl Ali.

Lifestyle brand Model Meals by Home Bistro www.modelmeals.com is a Whole30 and Paleo approved ready-to-eat meal prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the ingredients of the highest quality available, sourced responsibly. and locally, and delivered in sustainable and environmentally friendly packaging.

Forward-looking information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “proposed”, “is planned “, “budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions , or by the use of words or phrases indicating that certain actions, events or results may, might, might occur or be achieved.In particular, and without limitation, this press release contains forward-looking statements and information regarding company growth goals and industry prospects (as described herein). Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or int thoughts about the future. These forward-looking statements include, among other things, statements about the future financial performance of the Company, the impact of changes in management, any organizational restructuring and the adequacy of capital resources to fund its ongoing operational needs; statements about the Company’s expectations regarding capitalization, resources and ownership structure; and any other statements other than statements of historical fact. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the Company’s forward-looking statements due to a number of important factors, including (i) risks relating to the combined entity’s access to existing capital and prospects for raising funds to fund its ongoing operations, and (ii) other business effects, including the effects of industry, market, economic, political or regulatory conditions, currency exchange rates and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous known and unknown, general and specific assumptions, risks and uncertainties, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not be achieved.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding factors that could cause actual results to differ materially from the results expressed or implied by statements in this press release about the Company may be found in the Company’s periodic filings with the Securities and Exchange. Commission, including the factors described in the sections entitled “Risk Factors”, copies of which may be obtained on the SEC’s website at www.sec.gov. Further, the Company undertakes no obligation to comment on any expectations or statements made by third parties with respect to the matters discussed above.

Contact:

Zalmi Duchman, CEO
[email protected]
Telephone: 631.694.1111

THE SOURCE: Home Bistro, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/715224/Home-Bistro-Files-Application-for-Up-Listing-its-Shares-to-the-NASDAQ-Capital-Market

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Transparency, sidecars and the crypto winter by Benzinga https://piazzacarlogiuliani.org/transparency-sidecars-and-the-crypto-winter-by-benzinga/ Mon, 05 Sep 2022 21:40:00 +0000 https://piazzacarlogiuliani.org/transparency-sidecars-and-the-crypto-winter-by-benzinga/

© Reuters. Transparency, sidecars and the crypto winter

By Jeff Davis

Since its inception, venture capital has had two silos. In a silo, there is the management which makes the day-to-day decisions regarding the investments of the fund. Second, there are the limited partners – the investors who provide the capital that the managers invest.

Sponsors of venture capital funds are passive. They are not involved in the selection of investments, nor in the day-to-day management of a portfolio. Fund managers receive management fees and deferred interest for their active and hands-on construction of fund investments. This opaque investment process works in a bull market where positive returns satisfy sponsors. However, when the market turns red, investors begin to wonder why they are paying fees to their managers and begin to question the investments they weren’t able to choose.

But now the models of passive investors and active managers are starting to change due to the rise of Web3. Web3 challenged how the traditional venture capital structure worked with the creation of decentralized autonomous organizations called venture DAOs. Venture DAOs are investment vehicles where DAO members are active in selecting the projects they support. DAO members participate in the research and due diligence of projects they consider promising. When the time comes to invest, they pool their own funds to support the project. The result is the same as the traditional venture capital model in that a target project has been identified and funded, but the level of involvement is quite different. DAO investors select the projects they will support themselves, not the general partners and the fund’s investment committee. Decision making has become decentralized and therefore the result is transparency on what, how and when investment decisions are made by the collective.

Venture capitalists are aware of this and are looking for similar transparent investment opportunities. A transparent investment is the sidecar, where an investor provides additional capital in a project and rises alongside the pooled capital. It allows for greater investment in a single known opportunity compared to pooled capital which is usually blind. However, sidecar opportunities are limited and generally reserved for the oldest investors in the fund. The Venture DAOs offer sidecars – lots of sidecars – and they don’t have to play favorites either. More traditional investors seek out these known (see: transparent) parallel opportunities. It is to be expected that funds of all types will begin to listen to this growing mandate in order to satisfy their investors who will look elsewhere if their directives are not respected.

The decentralization found in risk DAOs is not limited to the financial realm. Web3 has decentralized applications (dApps) for art and collectibles, games, and technology. People compare Web3 to when the Internet was in the dial-up phase. But today’s internet is nothing like what it was 20 years ago. Web3 follows the growth trajectory of the early Internet as new public services are created. Mass adoption of Web3 will occur as new use cases are developed; how quickly this adoption happens will depend on the capital available to creators in this “crypto winter”.

Many experts have compared the current “crypto winter” to the bursting of the dot-com bubble. I would say they have a good point, except this is not the only crypto winter we have had. There have been several crypto winters; and as their name suggests, they are seasonal. After each of the previous crypto winters, we have seen new highs. People in space expect these seasonal valuation changes. The dot-com crash was not expected and many investors were left exposed when the tide receded.

Additionally, the dot-com era ended when there was an epiphany that all cash hemorrhagic projects were unlikely to be profitable for years, if not a decade. And that’s if they actually had a business plan or a product. Speculation at that time was so frothy that funding was available for almost any concept ending in .com. What we are currently experiencing is a correction that is correlated to other risky assets. These other risky assets, notably tech stocks, are correcting because of rising interest rates, not because the projects lack merit or a path to profitability. Web3 has companies that are making money and others that will be very soon.

Yes, there was a ton of capital looking for Web3 offerings like over twenty years ago, and valuations have gone wobbly. But those Web3 valuations will soon use 12 EBITDA multipliers, not projections like in the dot-com era.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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Virginia Joy successfully steals a bowl of flowers https://piazzacarlogiuliani.org/virginia-joy-successfully-steals-a-bowl-of-flowers/ Sat, 03 Sep 2022 23:37:00 +0000 https://piazzacarlogiuliani.org/virginia-joy-successfully-steals-a-bowl-of-flowers/

The first Saturday in September, or the last Saturday of the 153rd racing season at Saratoga Racetrackif you prefer, a subtle reminder was given when the summer winds began their final descent into autumn.

The ghosts of yesteryear at the Spa have just given a little nudge to let everyone know that this great old horse park is still the graveyard of favourites. The suggestion was this: if you’re a big favorite in a big race in Saratoga, all bets are off.

Welcome to the 45th Annual $600,000 Flower Bowl Stakes (G2T), where the horse that was supposed to win didn’t. by George Krikorian war like goddess who had amassed a marvelous resume with eight wins in 10 starts (including last year’s Flower Bowl), would not find the winner’s circle as she sought to defend her title late on the afternoon of 3 september.

She was kicked out with an unbalanced rating of 1-5, which is a sure sign of bad luck if you go by the history of this place.

Sure enough, War Like Goddess had to settle for second place in the 1 3/8 mile race on the inside course. It was not an upheaval that rocked the rafters like when the Secretariat or American Pharaoh were defeated, but it still raised eyebrows.

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The Flower Bowl winner, who was downgraded from a grade 1 last year, was Virginia Jo therea 5 year old mare trained by Chad Brown and ridden by Irad Ortiz Jr.

The strategy was simple for this one. Go ahead, slow down and try your luck. It worked perfectly.

Photo: Skip Dickstein

Virginia Joy leads the way past the clubhouse for the first time

“It was a comfortable lead,” said Ortiz, the competition’s top runner, who won four races on Saturday. “That was the plan. Take the lead and do it as slowly as possible. It worked out well.”

It was too good. Brown, seated in his bench seat, had to cartwheel inside as he watched Virginia Joy and Ortiz carve out fractions of :26.47, :53.29 and 1:19.59.

“There was no speed in the race,” Brown said. “She had already won a great race earlier in the season in a wire-to-wire race, so I said to Irad: ‘Why don’t you just put her in the lead? Unless someone goes crazy, just put it there and you’ll see how far it will go.'”

Virginia Joy, a daughter of hollow soldier owned by Peter Brant, won the Sheepshead Bay Stakes (G2T) on a yield course at Belmont Park May 22 by 14 1/2 lengths. In her last start, she fell short of War Like Goddess when she finished third in the 1 1/2 mile Glens Falls Stakes (G2T) on August 6.

Brown and Brant continued their mastery of the Flower Bowl. It was a record sixth victory in practice for Brown and the fifth – also a record – for Brant.

Victory also earned a spot in the Breeders’ Cup Challenge in the $2 million Maker’s Mark Breeders’ Cup Filly & Mare Turf (G1T) at Keeneland November 5.

“We’ll see,” Brown said of the Breeders’ Cup. “The races get harder as you start putting the grade 1s next to them. He’s a quality horse and probably worth considering after today.”

Virginia Joy wins the 2022 Flower Bowl Stakes in Saratoga
Photo: Coglianese Photos/Dom Napolitano

Virginia Joy heads to the winner’s circle

War Like Goddess, trained by Hall of Famer Bill Mott and ridden by Joel Rosario, had been able to overcome slow-paced scenarios in her last two races to win, but couldn’t do so in the Flower Bowl, when she was only pulling traffic at the head of the lane.

Rosario firmly held the daughter of English channel , who was near the rear of the six-horse pack traveling on the firm track. She started racing at three-sixteenth pole and was riding on sixteenth pole, but it was too little, too late. Virginia Joy won by a neckline.

“When they first passed the stands, they slowed down, slowed down, slowed down,” Mott said. “At that time, (Rosario) was on a life-saving journey. I don’t know if he had the opportunity to let her maybe pick up horses, and I think there may have been a when he did, but he chose not to.

“She came flying,” he added. “I don’t know how fast she got home, but she was rolling. She went straight to the hip (of Virginia Joy) and there was something left to the other.”

Virginia Joy wins the 2022 Flower Bowl Stakes in Saratoga
Photo: Skip Dickstein

Virginia Joy’s relations enjoy the presentation of the trophy for the Flower Bowl Stakes

The final time was 2:19.51, influenced by the slow pace and a far cry from the course record of 2:11.46. Virginia Joy, the second pick at 9-2, paid $11.80. She was raised in Germany by Gestut Auenquelle de la Dean Mare Virginia Sun and arrived at Brown’s barn in April 2021. Since then, she has won four times in eight outings for a career-best 6-2-2 in 14 starts, with earnings of $845,557.

War Like Goddess finished 1 1/4 length ahead Coastana who was followed home by Temple City Terror , Anse de Flanigan, and Wonderful Maud . Capital structure has been scratched.

Video: S. Flower Cup (G2T)

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