Lowball! Alpine Edition

From NJ1015:

New Jersey’s most expensive home finally sells — look inside

The Stone Mansion in Alpine — New Jersey’s most expensive home for sale — has finally sold years after it was listed.

The sale price, which started out at $68 million in 2010 before it was even finished, was dropped over the years and finally sold for $27.5 million. The home was completed in 2013 and has been on the market ever since.

So, what does that much money get you? First off, 30,000 square feet of living space; 12 bedrooms, 15 full bathrooms and four half-baths. From the Sotheby’s listing, you also get:

Reception rooms of grand scale proportions include a ballroom, martini parlor, his and her libraries, formal living room, formal dining room, north and south art galleries, and wine tasting room.

It has a 65-foot saltwater pool (the pool house has its own kitchen), a tennis court, an elevator to all levels, and a heated driveway.

This entry was posted in Housing Bubble, Lowball, New Jersey Real Estate. Bookmark the permalink.

84 Responses to Lowball! Alpine Edition

  1. Mike says:

    Good Morning New Jersey

  2. Juice Box says:

    Trump campaign raised more than $4 million in the first 24 hours after news broke if his indictment, average contribution from donors was $34.

  3. Juice Box says:

    From the looks of google maps the Frick Mansion property was subdivided, it used to be 60 acres, now looks much smaller.


  4. grim says:

    Not for nothing, but who the f*ck is McEnroe living right behind Frick?

    4 Tennis Courts? Grass, Sand/Clay, Artificial Grass, Concrete? Right. And beach volleyball when you need a break from that.

    Holy christ that’s some commitment.

  5. Juice Box says:

    83 Church St, Alpine, NJ 07620

    48 acres.

    He died a while back, I gather wife is still there.


  6. Juice Box says:

    Here is a story on the Tennis courts from 2015. Novak Djokovic trained there.

    “The road to the near future of tennis winds through the exclusive northern New Jersey borough of Alpine, to an unmarked drive where, behind formidable bi-parting gates, there lies a forty-million-dollar, forty-eight-acre wooded estate. The property—imposing homes, numerous outbuildings, a manmade lake, gardens and vistas—was assembled by Robert Zoellner and his wife, Victoria, who together founded Alpine Associates Advisors, a firm specializing in merger arbitrage. Zoellner, who died last year, had a clubman’s interest in tennis. It’s his son, Gordon A. Uehling III, who has transformed a hillside stretch of the property into a tennis-training facility that employs digital technology to gather data on every aspect of a player’s body, mind, and game, utilizing high-tech tools to improve that player’s performance. As he has done for several years, Novak Djokovic, the world’s top tennis player, has set up camp on the estate as he prepares for the U.S. Open, which begins on Monday.”


  7. Juice Box says:

    Back in the 1980s Alpine was always a mythical rich town to us blue collar kids that lived nearby. Eddie Murphy lived there, Joe Piscopo could be seen driving around in his Ferrari with his babysitter/girlfriend. Stevie Wonder was also a resident. Lots of very rich kids, who in many ways dressed and acted like Brat Pack high school movie stars from the 1980s. A few girls I knew went to Holy Angels for High School. We crashed a high school party there, more than once. One High School kids there had an entire game room of all of the latest arcade games, indoor pool and a massive gym in the home. Later to pay for school I used to landscape the properties in that town. Paid $11 an hour at the time. Famous residents come and go all the time from what I know baseball players, actors, musicians and lots of other businessmen live there. It really even with all the development over years is only about 200 more people than 40 years ago.

  8. Fast Eddie says:

    It really even with all the development over years is only about 200 more people than 40 years ago.

    When are they going to start plowing tracts of land and putting in 400 condos at a time? It’s not even townhouses anymore, it’s condo pods because you can squeeze in more muppets per square foot. We need more tax dollars for the government grinders.

  9. The Great Pumpkin says:

    Lmao…sad truth.

    Fast Eddie says:
    April 1, 2023 at 8:14 am
    It really even with all the development over years is only about 200 more people than 40 years ago.

    When are they going to start plowing tracts of land and putting in 400 condos at a time? It’s not even townhouses anymore, it’s condo pods because you can squeeze in more muppets per square foot. We need more tax dollars for the government grinders.

  10. The Great Pumpkin says:

    Man, Florida attracts the rich and f’k ups. Just saw another druggie i grew up with that is now in Florida. Punta Gorda. Almost every druggie i knew growing up is now in Florida.

  11. The Great Pumpkin says:

    Alpine is stupid beautiful….wonder how long it lasts? Might be insulated from change despite its location.

  12. Juice Box says:

    Got my kids good this morning for April fools.

    Boxwith an iPhone in it making these noises.

    My dog even played along and was barking.


  13. 3b says:

    Fast: There is another development going up in Solider Hill area Paramus, with units set aside for affordable housing. The development in Oradell on Kinderkamack is just about done, I am not sure if they are Condos or Apartments, and the one in Emerson is under construction. Why are you so opposed to this? What else are they going to build in these locations, many of them are on double yellow line roads, and or next to retail

  14. The Great Pumpkin says:

    I don’t know why you are complaining when you are one of the people crying about affordable housing for the you generation.

    3b says:
    April 1, 2023 at 9:22 am
    Fast: There is another development going up in Solider Hill area Paramus, with units set aside for affordable housing. The development in Oradell on Kinderkamack is just about done, I am not sure if they are Condos or Apartments, and the one in Emerson is under construction. Why are you so opposed to this? What else are they going to build in these locations, many of them are on double yellow line roads, and or next to retail

  15. The Great Pumpkin says:

    BTW, arkk up 32.4% for 2023. Keep mocking it. It will outperform next bull market. Not rocket science. Same chit with dna. You guys mock it in bear markets, but fail to realize the fire sale opportunity.

  16. Phoenix says:

    Go on now, make a comment about Fat Fingered Mary and this house in Alpine.
    Ahh, just had Chat GPT write one for you. It’s the weekend. Here is a snippet:

    Once upon a time, there was a guy named Fast Eddie who loved to write stories. He had a special talent for finding inspiration in the most unexpected places, and one day he stumbled upon a house in Alpine, NJ that caught his attention.

    The house was sold by a woman named Fat Fingered Mary, who was known for her love of Rheingold beer and Chesterfield cigarettes. Fast Eddie was intrigued by the history of the house and the unique character of its former owner, so he decided to write a story about it.

    As he sat down to write, Fast Eddie let his imagination run wild. He envisioned a grand old mansion, filled with hidden secrets and dark mysteries. The walls were lined with wood paneling, and the floors creaked underfoot. The air was thick with the scent of Rheingold beer and Chesterfield cigarettes, which had seeped into the fabric of the house over the years.

  17. The Great Pumpkin says:

    Looking at #CellEngineering. I went over my companies in this space. This is all about using technologies like stem cells, CRISPR and cell biology to engineer living therapies. My first company in this space is $DNA. They focus on engineering microbes. They use genetic engineering and chemistry to reprogram pathogens to give them new purpose. They can become tiny factories that produce proteins or enzymes for use in manufacturing. I think many people fail to understand this company. They get only part of their revenues when they do the work. This is called Service revenues. The bulk of their revenues will come from milestones and downstream royalties when these products are finished. This make the Foundry revenues much like an early stage pipeline for a biotech. Many years of work and probably some failures before they get to commercial and earn revenues on those products. With the milestones, it bound to be lumpy from quarter to quarter. Too many people trying to read too much in each every single quarter’s revenues. Its not going to work that way. As long as they are adding new programs and advancing them, the future revenues will grow.

  18. Boomer Remover says:

    Drive through these fabled NJ towns again and realize it’s just the same Bergen Co. grind just a notch up from where you live. Some streets could use paving, some playgrounds could use a refreshing.

    Moreover, everybody still lives in their SFH and you have to drive everywhere for anything.

    The only place that made an impression on me was Rockleigh. I cycled past a young girl walking a very shiny horse down Rockleigh Road.

  19. 3b says:

    Geez, reading comprehension!

  20. The Great Pumpkin says:


    It’s based on previous complaints about all this building going on. You constantly complain about all the building in Hackensack.

    My point stands still, you can’t have it both ways: cry about housing prices in north jersey for the younger generation and then complain about all the building of condos/apartments going up.

  21. BRT says:

    ARKK has been rangebound for nearly a year. Just so happens that Jan 1 it hit the bottom of that range. Here’s a tip Pumps, if you actually want to measure things and make money in the market, don’t make your expectations reference the all time highs and the return expectations off the all time lows.

    Right now, it’s at the top of it’s 12 month range…I’d stay away until it breaks that. It it gets down to $30 again, might be worth a shot for a bounce. At the same time, you should also recognize is a play like that is simply for the bounce and not a long term hold. You have to recognize the steaming pile of garbage you are holding.

  22. BRT says:

    It’s worth noting, I made more in ARKK holding it for 2 hours than you did all year last year.

  23. BRT says:

    worth noting, if you are looking for outperformance, it’s in the semiconductors. Bottomed in October and outperformed QQQ on all time scales.

  24. The Great Pumpkin says:

    BRT, i will stick to my dna position and keep adding. Significant money will be made. I don’t day trade…buy and hold strategy for me that requires guts and patience.

    I am simply pointing out that arkk has killed it for 2023. It was always going to bottom, consolidate, and will eventually rip when new bull comes. Inevitable.

  25. The Great Pumpkin says:

    I am at Disney again….been here since Wednesday night. Even though we just went in July, my nephews were going so decided to let my daughter experience it with her cousins.

    Tron was pretty amazing. Really fast launch.

  26. leftwing says:

    Thanks for on the ground info on VLY, chi (and grim),

    Yeah, pulled up all the options trades for Friday in it…IDK…some things jump out…rarely, like if ever, have I seen a tape so skewed to buys (as opposed to writes), obvious why Schwab picked it up. Orders are straight up longs, no spreads or anything, which being so far out of the money would indicate retail but if you aggregate some obvious blocks marked as individual trades there are a few (at least) blocks of 500 contracts coming through which at 0.50 is someone slinging $25k on a single long options contract…your usual retail yolo’er is much smaller. So, nuthin…would note one thing, activity was moving pretty fast and with a (relative) wide bid/ask some or many of these longs could be writes…my write went through marked as a buy which it obviously wasn’t…

    Bottom line first jump in on the 14th or whatever for me was a (unresearched) trade on the back of SVB causing regionals to collapse, VLY being more exposed than not to hotter deposits, and that IBKR was sweeping to them and had ceased. Plus as a customer I don’t like them. Didn’t work immediately so dumped. This trade is similar, just riding obvious downward sentiment. Probably won’t research it more as I got lucky spreading into the direction it was moving so my basis is stupid low and upside risk very limited…This trade, at least the tranche I spread so far, will go to breakeven around 11 or so (a 20% move against me) at which point I would fold, she declines a few points into Sept instead I’m swinging a good sized stick and better multiple (eight bagger).

    Don’t have a lot of these setups, which are basically nirvana, because it is threading the needle and the ‘cost’ of attempting them is if you can’t hit it in stride you lose meaningfully larger than you otherwise would have by trying (that old Tanstaafl Theory) so I don’t overtly attempt them…nice when it works out that way though.

    Enjoy your days guys.

  27. AlwaysSkeptical OfDeCastro says:

    I had a hunch that FL’s Gov DeSantis’s move with Disney publicly was about the culture war, but privately was about Real Estate pay off to his big donors and buddies.

    If you look at Google Map for Dineyland in Anaheim you see the entrance area is sorrounded by McD, Panera, IHOP and cheap 3 star hotels. You can walk from them to the Disney entrance.

    If you look at DisneyWorld in Orlando, you see everyhting is Disney resorts and partnerships with Marriott and other top hoteliers. Furthermore the Improvement District still controls a lot of undeveloped land south of Rt 4.

    Disney’s judo move to Desantis has hurt him were it really hurts. The pockets. Is easy to see that he could have counted on a lot of big developers’ monies once he had the power to approve new development next to anything Disney.

  28. Hold my beer says:

    I could see fast Eddie doing this and becoming a hit. He just needs to describe the food the same way he describes house listings.


  29. Juice Box says:

    Flipper flipped for $802,000 in my neck of the woods. Bought it in November for $550,000 and listed 2.t months ago for $824,900

    Perhaps $150k in profit?

  30. BRT says:

    I am simply pointing out that arkk has killed it for 2023. It was always going to bottom, consolidate, and will eventually rip when new bull comes. Inevitable.

    I know…that’s why I told you to not reference that data point because it plays to your biases.

  31. The Great Pumpkin says:

    Someone that gets it.

    $DNA This is what @jrkelly has been saying. AI models will be a commodity, but what differentiates one another is the data that gets used to train the model. Ginkgo is generating the most data of any biotech company in every vertical.


    As I learn more and more about this new revolution I come to realize how correct and well positioned @jrkelly has set up @Ginkgo to be. Not to mention the vital importance of biosecurity that no other company is focusing on. Investors and critics need to let this man cook! $DNA

  32. Phoenix says:

    I thought Trader Joes was upscale. I think I will stick to ShopRite.

    Trader Joe’s shooting suspect and female getaway driver surrender following massive manhunt after one person was gunned down and three others hospitalized in California parking lot

  33. Fabius Maximus says:

    Frick selling will be interesting, it puts a cap on the top end. The house opposite on Closter Dock just went on at 15Mill. There is a big new construction being built overlooking Frick and the tennis court place. Add in the new construction on Church St and 4+ on Hillside Ave and you have a lot of high end new collecting dust.
    When the war broke out last year a lot of property hit the market and is just sitting.

  34. grim says:

    Ahhhh Zoellner.

    My late father-in-law Bob was his (Bob’s) painter years back (yeah, like the only house painter he used), he told me crazy stories about that house.

  35. Very Stable Genius says:

    “ Attack. Attack. Attack.

    Delay. Delay. Delay.

    Those two tactics have been at the center of Donald J. Trump’s favored strategy in court cases for much of his adult life, and will likely be the former president’s approach to fighting the criminal charges now leveled against him if he sticks to his well-worn legal playbook. In fact, his attacks against both the prosecutor and the judge in the case have already begun.”

  36. leftwing says:

    “Someone that gets it.”

    So which of his two followers are you…MelBWinning or the forty year old voluptuous chick with crabs? Pumpkin, Pumpkin…smh.

    “Attack. Attack. Attack.
    Delay. Delay. Delay.”

    Highly underrated. Ask me or Phoenix.

  37. leftwing says:

    “…cap on the top end…and you have a lot of high end new collecting dust.”

    And don’t forget Wall Street bonuses were absolutely decimated this year.

  38. BRT says:

    you realize you just posted a link of Chamath? Guy always sounds fancy, but over the past 3 years, he’s proven himself to be the biggest grifter there is. His SPACs were the biggest pump and dumps and he inspired everyone to “come on a journey with him” as he put it while he proclaimed himself the next Warren Buffett. And he sold all his shares as soon as he could. All his stocks are down 90% and more recently, he was part of the crew that led the charge on the SVB bailout online. Probably woulda taken care of the rest of the 10% had we not made them hole and we wouldn’t have to hear from him again.

  39. Juice Box says:

    Pretty much every SPAC merger is being sued now. People lost allot of money.
    DNA is no better debuted at $11.15 and now is down more than 90%… If they dip below $1 for 30 days it triggers a delisting from the NYSE. Pink sheets by 2024? Definitely can happen.

    Concord Acquisition Corp tried to do a SPAC merger with a crypto company to make it worth $9 Billion. SEC stepped in and stopped it, too bad they did not stop the Ginko/DNA SPAC merger, that would have saved all of us from having to skip over all of the deluge of posts written by our local delusionalist who excludes and ignores reality from pretty much most conscious awareness about that company.

    BTW I am not saying they won’t have a breakthrough product. I am saying the don’t have one now.

  40. No One says:

    In general, SPACs seem to have been made by hypers to make fast money out of dummies.
    I can’t remember seeing a quality business arriving via SPAC.

  41. The Great Pumpkin says:

    This is why you guys have zero chance of ever hitting it big. You guys need guaranteed investments. Guaranteed investments get you no where but keeping your money as a hedge against inflation. Have some balls. Invest in some risk that you believe in. Invest a small percentage in something human society needs to survive the future. Leave the rest of your money in real estate and index funds. Not rocket science. If you aren’t taking risks that could change your life with a small percentage of your money…you are doing it wrong.


    Delisted? Get real. You see the institutional backing of this company. Get real. It’s stupid cheap. That’s all. Bear market won’t last forever.


    I know who he is and I don’t like him. I shared that for a reason. Why? Because he is not wrong with what he is saying in that clip. He is dead on.

  42. The Great Pumpkin says:

    I remember people (adults since i was only 19), yelling and screaming at me to not buy that rental property. That real estate was dead (90s mindset). Instead, I stuck to my gut and changed my life.

  43. The Great Pumpkin says:

    You guys would never have the balls to buy when there is blood in the streets. Your opinion on stocks like DNA say so.

  44. Juice Box says:

    Pumps – go see Mickey and Minne, and enjoy the weather it 40 degrees here today.

  45. Juice Box says:

    Pumps – 179 companies were delisted from the NYSE and NASDAQ in 2021. It can and does happen no matter who owns the stock. Unless they create a breakthrough product that produces billions in sales they are done.

  46. leftwing says:

    Hmmmmm….my low 90 dollars basis in META when it was trading with volatility in the 100s begs to differ…as does my entire month of March 2020…

    NoOne, probably don’t need to remind you SPACs have been around forever but until 2019 were the province of fly-by-night underwriters and the shady characters from whom they raised capital for *companies that could not go public*…

    The change was the trend of disintermediation and democratization of everything leading up to the end of last decade…that opened the door for SPACs in much larger amounts which were used by legitimate companies that *could not go public on the terms they wanted*

    Previously for companies like DNA, PLTR and the rest if Goldman or Morgan said it needs to be this way or the highway, and the bulge bracket and specialty firms followed suit, the company had to comply.

    With these large SPACs they didn’t need to, they could tell everyone to piss off, that they were doing it their way.

    We are simply seeing the results of that now, of letting the patients run the asylum.

    No way in fucking hell any legitimate firm was underwriting that DNA valuation…

  47. crushednjmillenial says:

    Too bad that even with the firehose of federal money that was spraying during covid, NJ officials couldn’t figure out how to get $2B funneled into the HBLR to extend it up to Englewood.

    The plan is currently to reach Englewood Hospital as a northern terminus. That same rail line runs all the way up to Northvale, but NJT isn’t extending past Englewood Hospital due to NIMBY forces in Tenafly. If not for the Tenafly nimby-ism and the need for funds, the light rail could have stops in the dowtowns of TEnafly, Cresskill, Demarest, and Closter. Then, for Norwood and Northvale, the stops are a bit offset (like, one block from their big commercial strips). Somewhere between Norwood and Northvale, they might have been able to structure a stop as a park-n-ride.

  48. The Great Pumpkin says:

    This is my case for dna. I watched this blog bash FAANG companies pre 2015 on here. Laughing at fundamentals. I watched this blog slam bitcoin over and over(including myself) and we all missed the f’k out by not being open minded. I could have bought at 100. Makes me sick thinking about it. I watched this blog bash tesla over the last 10 years. I am not listening this time when it cones to DNA. No way. Not missing another opportunity.

  49. BRT says:

    Pumps, go look at the returns on conductors. There was no need to be fancy and innovative.

  50. 3b says:

    Crushed: That light rail extension project is supposed to be completed by 2029. That seems like an ambitious time table.

  51. The Great Pumpkin says:

    Apple was almost bankrupt in the 90s. People laughed at it. How that work out? If you were smart and believed in Jobs like I do Jason Kelly (ceo of dna), you killed it. They slammed and mocked Jobs and others like him (musk). You have to pay attention to the big picture and believe in something that is not there yet. Not easy, that’s why most can’t do it.

    Netflix. How bad did the “experts” bash it. Stop listening to the experts that think they know it all. They don’t.

  52. The Great Pumpkin says:

    Disney….unbelievable. If you told me you were starting a business where you could charge high prices for people to stand in long lines…i would say you are crazy. Well, logic doesn’t always apply to business. Humans are irrational and not easy to predict. One hell of a winning product

  53. Phoenix says:


    A Manhattan parking garage attendant who was shot twice while confronting an alleged thief at his business was charged with murder after wrestling away the weapon and using it to fire at the suspect.

  54. Phoenix says:

    Humans are irrational and not easy to predict.

    The first part is correct. The second part more “sporadic.”

    For the most part humans are controlled quite easily. They have dopamine buttons.

  55. Choo Choo says:


    Is not a bug, is a feature. Is not that did not get any funding. Is that apart from the pro public transit crowd, the area residents don’t want it. If you live in that area of northern Bergen County, you drive and if you don’t you can afford Uber/Lyft/Cab. Is a solution looking for a problem. Where it makes sense to extend is to go West into Hackensack and Paterson where there are housing, offices and businesses that make people move around all the time.

    To make it clear, understand that originally it was supposed to go to Nyack. The Rockland County crowd stripped away the railroad track it was supposed to use and made it a trail park. Is the same crowd that made sure the new Tappan Zee did not have railroad track built in. The new bridge is design to easily add railroad tracks in the future for direct access to Grand Central or Penn Station. Rockland has 300k+ vs Bergen County 900k+ population.

    I’m a railroad fan, but the issue with light rail is that outside of rush hour, they are empty except for fare beating undesirables looking for opportunities to strike. Just look up issue with it Hudson County.

    The pro-public transportation crowd is a bit looney. Look what they are doing to NYC by increasing bike and bus lanes and narrowing down traffic lanes. Bike lanes might sound nice, but everyone is using electric scooters and boards speeding in the 30+ mph and not following traffic laws. Even Paris is looking into banning electric scooters.

  56. leftwing says:

    So after making the statement that no legitimate firm would underwrite DNA at its $15B valuation I thought that since it’s technically a merger and not an IPO let’s look at the fairness (expert) opinion provided to the Special Committee of the Board of the SPAC.

    For reference, nearly every M&A deal involving a listed company appoints a special committee of the Board and that special committee retains an investment bank to provide an opinion to the Board that the transaction (price paid) is “fair, from a financial perspective”.

    There are two primary reasons…To fulfill their fiduciary duty and avoid conflicts of interest they need an independent financial expert regarding the value of the acquisition, and the transfer of risk. The Fairness Opinion provider gives a signed, sealed, and delivered document to the Special Committee regarding the price the acquirer (the SPAC) is paying for the target (DNA). It is fully disclosed, the entire contents, in the Proxy Materials filed with the SEC and sent to every shareholder.

    No fairness opinion on DNA. Nada. Zero. Zippo.

    This may all sound hyper-technical but it’s important….the valuation of this massive company – $15B, which would have been the largest biotech IPO ever – was done by insiders. Over the course of a week or so.

    Not a single Wall Street firm took the multi-million dollar check that would have come with signing a letter supporting that valuation.

    Not one. In an industry whose professionals would sell their sisters for seven figures of fees.

    LOL. Can’t make this shit up.

  57. Juice Box says:

    Apple was profitable for 20 years long before they kicked Jobs out, so zero comparison Pumpkin to a world class company that was successful all the way back to 1976.

    Look your CEO and his cofounder robbed shareholders of nearly $800 Million.

    They each sold ASAP when this dog went public. Jason Kelly’s number was $381 million and his co-founder, Reshma Shetty, the company’s COO, had the exact same compensation. They are accused of making misrepresentations about the company’s business, operations, and prospects and now have several lawsuits for it against them.

    I predict delisting long before any breakthrough product that sells billions annually. As far as the lawsuits they will take years company will be bankrupt by then.

  58. Phoenix says:

    Asa Hutchinson, 72, planning to run for President.

    Try running the Boston Marathon first, and if you survive we might consider you.

  59. Phoenix says:

    “they are empty except for fare beating undesirables looking for opportunities to strike.”

    The boys your momma warned you about.

    Don’t want any of that low class sperm getting into our Alpine daughters hoochies while I’m out shopping for Prada.

  60. Juice Box says:

    Train? Trains are so 1800s..last commuter train to run on that Bergen county line was before I was even born it shut down in 1966.

    Just like the Northern Railroad of NJ, that Ginko DNA stock will be featured here one day as a defunct company bankrupt and a ghost of wall street.


  61. crushednjmillenial says:

    UConn probably rolls over SDSU tomorrow night. They looked strong against Miami. Lots of effective big men, lots of three point shooters, great teamwork.

  62. leftwing says:

    “Look your CEO and his cofounder robbed shareholders of nearly $800 Million.”

    While I was digging around DNA’s SEC filings for the expert financial opinion they never requested I came upon another gem.

    Context…when doing anything with the SEC – IPO, follow on equity raise, M&A – you file your documents with them and they ‘correspond’. It’s kind of a one-way correspondence, they say “do this” and for the most part you do it.

    Most of the time it can literally be typographical level stuff – saying the same thing in five places but saying it differently each time. Other times the comments are about substantive issues.

    Sometimes you receive no comment letters. Usually you have one, maybe two go arounds with them. Three, not good. More, you have issues.

    DNA had four or five rounds with the SEC before the SEC would greenlight their transaction.

    Here’s an excerpt from one of their letters (filed, and available to everyone). Reproduced exactly as in the letter, bolded is SEC, company response to the SEC comment is below it:

    Please expand your disclosure to discuss the potential conflicts of interest arising from the difference in price per share paid for founders shares and public shares. For example, since your sponsor acquired a 20% stake at a purchase price of $0.0006 per share and the public price was $10.00 per unit, the sponsor could make a substantial profit if the merger is completed even if public investors experience substantial losses. Additionally, please expand your disclosure in the last bullet point to quantify the out of pocket expenses incurred to date.

    Response: The Company acknowledges the Staff’s comment and has revised the disclosure on pages 35, 36, 126 and 127 of Amendment No. 1 in response to the Staff’s comment.


    SEC to Company: “please tell your shareholders they can be royally fucked by you since you bought your shares for less than half a penny each and you are selling shares to them at $10 each.”

    Company to SEC: “uh, OK”

  63. crushednjmillenial says:

    Choo choo at 11:02 . . .

    My take on this is that there is a very valuable right-of-way. A new right-of-way through interior portions (or, heck, any portions) of the NYC metropolitan area would be very expensive to create. With respect to the Northern Branch/HBLR, the tracks are sitting there. So, even if some widening and some eminent domain is necessary to create a two-track system or whatever compared to the existing one track, the cost is something like the $2B currently projected rather than – who knows – maybe $20B if one wanted to create a line where a track didn’t already exist. Expensive versus so-expensive-it-is-impossible.

    “the area residents don’t want it” – the area residents might not want it, but if I was a big-shot at the county, regional or state level, I’d think that I probably would. Maybe I’m wrong, but you have property tax, sales tax and income tax implications, with the feds probably funding 5-to-1 matching state or local funds or 10-1. More importantly, if you’re the big shot that can get this kind of thing done, you and your cronies can buy the land near the stops ahead of it.

    “Solution looking for a problem” – I’m not a traffic engineer, but I’d posit that for someone living near the HBLR tracks in the Northern Valley and working in Downtown JC, it’s more pleasant to sit down and let the light rail conductor drive than stop-and-go gridlock to drive there. It might even be a preferable-commute for a Downtown Manhattan job (light rail, then switch to Path in Hoboken or Downtown JC), compared to taking the bus to Port Authority and taking the subway down to Lower Manhattan. And, that’s especially true if you have some kind of park-n-ride lots (so, you drive two miles from your house to the lot, park and then putz on your phone rather than road rage gridlock).

    I should have also said that it’s too bad they didn’t get covid bonanza funds to stretch the line from Bayonne to Staten Island. Seems like a logical connection.

    Anyway, I suppose post-covid and with less in-office work, these kinds of projects pencil out worse than they did in 2019.

  64. 3b says:

    Yesterday was the last day for the Galleria Mall in White Plains NY. It was the mall back in the day. Lots of our now spouses used to hit that mall for XMas shopping , and just day shopping trips. Make the trip from the Bronx and lower Westchester. It had a lot of unique stores, including a great toy train and hobby shop.

  65. Juice Box says:

    Crushed the old commuter train that stopped in 1966 used to make it all the way down the line from Rockland county in 60 minutes. That light rail would probably take well over an hour and a half to go the same distance as it tops out at only 50 mph and probably cruises much slower. I have taken it a few times it was not quick.

    From the wiki.

    “The last timetable, April 24, 1966, shows three rush hour trains each way taking 60 minutes to run from Hoboken to Sparkill NY.”

  66. 3b says:

    Juice: Pascack Valley Line added weekend service, around 15 years ago, and ridership is less than minimal , at least from River Edge/ Oradell, and from what I am told Westwood/ Park Ridge, and definitely Pearl River NY. What’s the point of light rail service in these suburban towns , on weekends, and what demand in the afternoons during the week?

  67. leftwing says:

    “THE LAW…A Manhattan parking garage attendant who was shot twice while confronting an alleged thief at his business was charged with murder…”

    Only in bankrupt liberal shithole theocracies….

    I’m seeing (occasionally) a woman from FL. We were together last weekend. We got onto the topic of stand-your-ground laws after she asked me a question on a related topic. I explained to her that if an armed intruder is in your home in NJ you are legally obligated to attempt to flee before shooting him.

    Aside from the obvious response to that level of irrational insanity…the question that prompted our discussion?

    Florida apparently will be something like the 22nd state to go to concealed carry soon and she was asking me for fashion advice…the weapon she currently has in her car is bulky and won’t fit into the new shirts being marketed to women that have stitched-in pouches beneath the armpits to hold a pistol…she wanted my opinion on the tradeoff between practicality and form, and which caliber pistol may make it for her.


    I love Red state people. Modern liberalism is a mental disorder.

    Oh, and BTW, if you are in Florida I would strongly recommend you don’t get all “Joisey” aggressive on a female native….

  68. Fast Eddie says:

    “For the most part humans liberals are controlled quite easily. They have dopamine buttons.”

    There, fixed it.

  69. Phoenix says:


    We will see. Wonder what is going to happen in this non liberal state.

    Texas man uses a $30 Apple AirTag to track down the thief who stole his Chevy truck before ‘fatally shooting him in the head in a shopping center parking lot’ 20 miles away

  70. Juice Box says:

    Chi – Bennys?

    Seems they have a bungalow at Barley point on the river.


  71. Juice Box says:

    Chi -The drunken groper is confirmed to be Benny from OAKLAND, NJ inherited that bungalow in RUMSON on the river. His primary residence isn’t even worth $500k in haughty Bergen county and does not even have a paved driveway. North Jersey trash usually live in towns like Oakland and nearby parts of Wayne.

  72. Juice Box says:

    Phoenix – He blasted the car thief with several rounds through the glass window of the truck. In Texas robbery is covered for use of deadly force under their stand your ground laws. I am not so certain it works though for recovery of stolen property.

  73. leftwing says:

    LOL, let’s see. I’m guessing getting twelve people to convict someone in TX who had his Chevy truck stolen is not a slam dunk.

    Now if it were a Ford, different story. (Sorry, redneck humor).

  74. Juice Box says:

    There is video out there of this pro Russian blogger getting an award at a restaurant. Vladlen Tatarsky presented with a figurine, an explosion will thunder in a few minutes…The bomb was in the statue, per early sources.


  75. Juice Box says:

    There must be a video of the parking attendant blasting that perp who drew a gun on him. The attendant should get an award from the Mayor not a criminal charge.

  76. Juice Box says:

    BTW for those that don’t know about Barley Point in Rumson, it is a NJ Oddity. The bungalows were destroyed by Tropical Storm Irene in 2011 and again Superstorm Sandy in 2012..

    It looks like this now.


  77. The Great Pumpkin says:

    Here are your hardworking WFH workers. You guys complain all day and night about govt workers, yet say nothing about what I always point out to you about private sector WFH workers. It’s a complete joke.

    “The series of TikToks she shared in mid-March, which recounted her five-month stint at Meta as a recruiter who, as she put it, was paid $190,000 “to do nothing,” ended up going viral — and received such intense media scrutiny and alternating waves of anger and commiseration on her account that she eventually turned off commenting on the videos entirely.”

    “Machado who lives in Tampa, Florida, and works as an independent career strategist, has more than 220,000 followers on TikTok. She began posting on TikTok about her experience working as a recruiter for Android developers in August 2021 — a month before she started at Meta. In her videos, she discussed topics like open jobs at other companies, perks she received as a Meta employee and tips on how to leverage resources like Levels.fyi and Blind to “find compensation information.” She got fired from Meta at the end of February 2022 — notably, months before the November wave of layoffs at the company — because of the videos she posted, she said, though she added that she was already planning on leaving the job.”

  78. The Great Pumpkin says:

    You don’t think you are paying for this in the private sector because it’s not attached to taxes. You are naive and gullible. This directly drives up inflation. Getting paid big money to do chit.

  79. The Great Pumpkin says:


    “ladies, you’ve been completely scammed

    casual sex is empty and vacuous and just ends up benefiting men

    9-5 jobs end up enslaving you even more

    birth control disempowers you by disconnecting you from your cycle and changing who you’re attracted to

    are ya’ll seeing this?”

  80. The Great Pumpkin says:

    “Tech’s PE has now jumped so much that it now trades at a 38% premium to the S&P. This is even higher than at the pandemic bubble peak in late 2021!
    Wild to think that pre-Powell pivot in 2019, tech traded at just a 4% premium to the market.”

  81. The Great Pumpkin says:

    Wow, someone that shares my perspective on Florida real estate. The lemmings will learn the hard way.

    “Well just maybe I can get me that Florida Ocean Front Condo I’ve been wanting for quite some time now. LOL”

    “Who wants that? They won’t be able to give them away in the next 10 to 20 years.”


  82. BRT says:

    hah, permabull on everything, except Florida Real Estate

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