Ok guys THE SAVANT here-- This BLUE out of the BLUE I wEnt hard RESEARCH on the name today for no reason. I just did a broad search on the net and look what I found-- Shares of this under-the-radar cell therapy stock are set to double, says Baird #1 IDEA FOR NEXT WEEK = BLUE!!! / I'M GOING TO GO FOR IT.
I'm locked out- . Shares of bluebird bio are set to double, says Baird - CNBC CNBC https://www.cnbc.com › 2023/03/07 › shares-of-bluebird... 3 days ago — ... of bluebird bio with an outperform rating and $10 price target, ... Analysts see a buying opportunity in this financial stock in ...
Wells Fargo customers say cash appears missing from online accounts, WFAA says 18:17 WFC Many Wells Fargo customers have expressed frustration after cash appeared to be missing from their online banking accounts, WFAA reports. The lender said that it is aware that "some customers' direct deposit transactions are not showing on their accounts, however funds in accounts are accurate and available," the report says. "We are working quickly on a resolution and apologize for the inconvenience. Customers' accounts continue to be secure," Wells Fargo added.
I was just reading about a start up company that put it's funds at Silicon bank and you just have to ask yourself why? Ability to get loans<----- There is always greed involved to some degree with these failures. Even Bernie Madoff, so you put your money at Silicon because you hope to get aloan there or you just like the area code similar to (212)/Now things get messy- iRhythm provides update on investments with SVB Financial 17:39 IRTC, SIVB iRhythm (IRTC) currently has a $35M term loan outstanding with SVB (SIVB). Under the terms of the term loan agreement, this term loan is not callable by SVB outside of an event of default. The company also has a further undrawn $40M available under its term loan facility and $25M under a revolving credit line upon which the company is not reliant for daily operations. The company affirmed its expectation that its cash, cash equivalents, and short-term investments held outside of SVB will be sufficient to operate the company's business and meet its cash requirements for the foreseeable future.
I don't know how far to take this but we could highlight exposed names to the sun comeshome- Oncorus informs investors of holdings with SVB Financial 17:45 ONCR, SIVB In a regulatory filing, Oncorus (ONCR) informed its investors that it has deposit accounts with SVB (SIVB) with an aggregate balance of approximately $10M, which is approximately 23% of the company's total current cash, cash equivalents and short-term investments. In addition, the company has a standby letter of credit in place with SVB of approximately $3.4M securing obligations under its lease agreement with IQHQ-4 Corporate Drive, LLC. SVB does not hold the Company's short-term investments portfolio, which is managed in segregated custodial accounts at another financial institution.
We could get a list together of good and bad/ But there could be some larger outcome that protects all of these funds and then we would be whipsawed.- This is a Good Example- Vimeo believes it does not have exposure to liquidity concern at SVB 17:29 VMEO, SIVB In a regulatory filing, Vimeo (VMEO) said it is aware of reports of the closure of Silicon Valley Bank (SIVB) and appointment of the Federal Deposit Insurance Corporation as receiver. The Company holds accounts at SVB with a total balance of less than $250,000. Therefore, the company believes it does not have exposure to any liquidity concern at SVB. The Company has a well structured and diverse set of banking partners with no bank holding over 25% of its total cash.
BAD- Gingko says roughly 6% of cash, cash equivalents held in SVB accounts 17:32 DNA, SIVB In a regulatory filing, Gingko Bioworks (DNA) said it is aware of the closure of Silicon Valley Bank (SIVB) and appointment of the Federal Deposit Insurance Corporation as receiver. Only the cash balance of the company's wholly-owned subsidiary Zymergen Inc. is held in deposit accounts at SVB, representing approximately $74M or 6% of the company's cash and cash equivalents as of December 31, 2022. The company does not maintain any other material accounts or lines of credit with SVB.
GOOD- Juniper says Silicon Valley Bank exposure is immaterial 17:35 JNPR, SIVB In a regulatory filing, the company said, "Juniper (JNPR) is aware of recent developments involving Silicon Valley Bank (SIVB). The company maintains operating accounts at SVB with a minimal cash balance of less than 1% of the company's total cash, cash equivalents and investments, and therefore believes its exposure to loss as a result of SVB's receivership is immaterial.
BAD Roku says deposits at Silicon Valley Bank 'largely uninsured' 17:16 ROKU, SIVB In a regulatory filing, Roku (ROKU) said it is aware that Silicon Valley Bank (SIVB) was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as receiver. According to the FDIC, all insured depositors of SVB will have full access to their insured deposits no later than Monday morning, March 13. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of SVB, future dividend payments may be made to uninsured depositors. The company has total cash and cash equivalents of approximately $1.9B as of March 10. Approximately $487M is held at SVB, which represents approximately 26% of the company's cash and cash equivalents balance as of March 10. Approximately $1.4B of the company's cash and cash equivalents is distributed across multiple large financial institutions. The company's deposits with SVB are largely uninsured. At this time, the company does not know to what extent the company will be able to recover its cash on deposit at SVB. Notwithstanding the closure of SVB, the Company continues to believe that its existing cash and cash equivalents balance and cash flow from operations will be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.