A $GOED investment thesis that WARRANTs a look with Thomas Braziel

Thomas Braziel, President of 507 Capital, discusses his investment in $GOED. Key topics include addressing the (many) red flags around the investment, how Thomas found the company and why he likes the set up so much, and why investing in stocks with some hair on them can deliver serious alpha.Thomas's twitter: https://twitter.com/ThomasBraziel My notes on GOED: https://twitter.com/AndrewRangeley/status/1430382893692506112?s=20Chapters0:00 Intro1:20 Thomas's legendary Ethenex trade3:10 $GOED overview8:00 Background to the set up / how the warrants came publicly traded11:00 $GOED merger / financing background14:00 The massive stock offering discussion17:00 Do you believe $GOED's claims that they have sourcing and distribution advantages?20:25 Why was AC the seller instead of the buyer?24:30 Do you worry about $GOED auditor switch / financial statements?27:30 Why did GOED keep recutting the deal to give AC more cash?31:20 GOED's rebate accounting34:20 Capital allocation going forward37:25 General discussion of why buying stocks with hair is riskier but carries huge potential rewards38:30 GOED management's alignment40:05 GOED's activist potential43:10 Quickly painting a reasonable bull / valuation case48:05 General discussion of swinging hard when you find a good pitch49:30 How capital light will GOED be?52:10 Quick Tesla discussion53:25 Thomas's closing thoughts (and a quick ICLTF mention!)