Time for some proper due diligence/ independent auditing in our communities

[yuneeq]

Are we just not gonna mention that all of BlackBird's critics either have very little financial experience or are their competitors. Does anyone actually think these so called "professionals" are unbiased?

The facts speak for themselves. Blackbird is welcome to respond to the discrepancies and issues.

[aygart]

Are we just not gonna mention that all of BlackBird's critics either have very little financial experience or are their competitors. Does anyone actually think these so called "professionals" are unbiased?

He hasn't done anything to clarify but rather further muddied the waters with statements blaming things on one quarter as if that is an excuse to misrepresent things.

[yuneeq]

https://www.bisnow.com/national/news/capital-markets/nightingale-acted-criminally-in-raising-millions-for-office-deals-crowdstreet-says-119823?

[Afrages6]

https://www.bisnow.com/national/news/capital-markets/nightingale-acted-criminally-in-raising-millions-for-office-deals-crowdstreet-says-119823?

Very sad story

[zh cohen]

Are we just not gonna mention that all of BlackBird's critics either have very little financial experience or are their competitors. Does anyone actually think these so called "professionals" are unbiased?

If financial professionals can't criticize because they are biased, and everyone else can't because they "have very little financial experience" who is qualified to comment?

[knowitall]

Are we just not gonna mention that all of BlackBird's critics either have very little financial experience or are their competitors. Does anyone actually think these so called "professionals" are unbiased?

Asking a simple question such as “Who is your auditor?” makes you a “critic”?

[yelped]

https://www.bisnow.com/national/news/capital-markets/nightingale-acted-criminally-in-raising-millions-for-office-deals-crowdstreet-says-119823?

What happened?

[aygart]

What happened?

https://therealdeal.com/national/2023/07/14/fiduciary-to-investors-funds-in-nightingale-projects-misappropriated/

[UKinNYS]

1. for now its "alleged"
2. such allegations can bring down even a competent and well run company
3. if this was an isolated incident out of 10bn + in deals should not be hard to make investors whole

(no affiliation with anyone involved here)

https://therealdeal.com/national/2023/07/14/fiduciary-to-investors-funds-in-nightingale-projects-misappropriated/

[Afrages6]

1. for now its "alleged"
2. such allegations can bring down even a competent and well run company
3. if this was an isolated incident out of 10bn + in deals should not be hard to make investors whole

(no affiliation with anyone involved here)

It is not an isolated incident with them. A lot of their properties are in bad shape unfortunately.

[moshe25]

Looks like BlackBird just put out their strategy video:

Say whatever you want about JS but he's clearly extremely smart.

[yuneeq]

1. for now its "alleged"
2. such allegations can bring down even a competent and well run company
3. if this was an isolated incident out of 10bn + in deals should not be hard to make investors whole

(no affiliation with anyone involved here)

The funds are missing, there’s no disputing that. If the funds still exist somewhere it should not be hard for them to show the proof. Doesn’t look like they plan on voluntarily sharing that info.

[knowitall]

This couldn't be further from the truth.

It’s not that far from the truth.
As of now we have no reason to believe Blackbird/JS is anything more than JS managing 2M of funds, with no special performance to write home about.

[moshe25]

The filing that Oelbaum published was edited. Check out the real filing by going directly to the SEC website and it shows $20 million of assets "at cost" (not including profits). If anything it shows that they are sitting on $40 million of gains for their investors.

[moshe25]

Here's a link if anyone want to actually do some due diligence instead of just bashing a fellow Yid: https://reports.adviserinfo.sec.gov/reports/ADV/310343/PDF/310343.pdf

[Moshe123]

Filed last week. Suddenly, with a new auditor...

[S209]

Here's a link if anyone want to actually do some due diligence instead of just bashing a fellow Yid: https://reports.adviserinfo.sec.gov/reports/ADV/310343/PDF/310343.pdf

What is this? It says 7/13/23 on top.

[knowitall]

Here's a link if anyone want to actually do some due diligence instead of just bashing a fellow Yid: https://reports.adviserinfo.sec.gov/reports/ADV/310343/PDF/310343.pdf

Most would agree this is common sense:

If you lied to me about A, I don't believe you about B and C.

That's where we are now with JS.

[knowitall]

Looks like BlackBird just put out their strategy video:

Say whatever you want about JS but he's clearly extremely smart.

Smart doesn't equal trustworthy.

[aygart]

The filing that ______published was edited. Check out the real filing by going directly to the SEC website and it shows $20 million of assets "at cost" (not including profits). If anything it shows that they are sitting on $40 million of gains for their investors.

You are making false accusations. They posted the form as filed on 3/14/23 which lists the CURRENT value of assets under management as 2,000,000 in 2 separate places. This was amended on 7/13/23 with both places shing 20,000,000 as the current value. Where in the world are you getting it from that it is the value at cost?