https://i.redd.it/vkqrj0ofqx4b1.jpg
With P5 tactica game announced, a prominent leaker who shared details about it claims they've referenced Tactica and another game is coming out.
What do you make of this?

So my puppy sleeps in his crate next to my bed at night. Usually i am joining him at bedtime or stay up a bit longer watching tv. Now that we worked on his separation anxiety, I started letting him sleep alone at night going out for a drink. The thing is, when I get home at night he is startled by the sound of the door opening and closing and barks. He probably doesn’t know it’s me because when i leave in the day and come home he doesn’t bark. I think it’s because he is deep asleep and hears a strange noise. Is there anything I can do to train him?

I’m a 19 year old female and I just finished my first year of college. My parents have been using my college education as blackmail since I started. They are both emotionally abusive and my dad is physically abusive sometimes. They threaten to stop paying for my college anytime I do something they don’t like. My mom has a habit of doing this at the last minute (1 or 2 days before my move-in date) to cause the most drama or make me panic as much as she can. Every time I want to call their bluff, but a part of me believes that they might actually suddenly stop paying my tuition, so I still panic and try to do the various impossible tasks my mom makes me do before my move-in date so that I can attend college that semester. The least awful demand of hers was one day before we were leaving: “deep clean the entire basement today while also packing everything by yourself or we are not helping you transport your things to your dorm.” I thought I had finished this task several times, only for her to inspect the basement and tell me it was not good enough. When I transferred to a college out of state and needed to pay all the dues to my current university before withdrawing, she suddenly decided to not pay the bill for room and board. I remembered that her bank information was still in my student portal. so I paid the dues, and she screamed at me for using her money without permission. The next semester, her threat was a week before move-in: “call the housing office and tell them to move you to a dorm closer to your classes, or else you will not be attending college this semester.” My father also got angry when I said I did not want to go his office with him because I still had packing to do. So, he told me that he would not be flying me out to college and I “would be lucky to get to there on a train” because i am too ungrateful to deserve their help.
My last straw was a few days ago. I informed my parents that I had registered for summer classes many months in advance. My mom waited until the day the bill was due to tell me that she would not be paying it because the bill was expensive. And it was, but I am certain that my parents can afford it because my dad owns several companies and is a literal multi-millionaire. And he pays my mom a VERY generous salary for handling the real-estate side of his business. So it seems like that bill would be small in comparison. I understand that it’s their money and I cannot demand things of them, but if they are unwilling to pay a certain amount, they could have told me far in advance.
After this I finally snapped and said some awful things to my mom over the phone. I was at my boyfriend’s house and I didn’t go home that night because I was too angry to even look her in the face. And in that moment I decided that if my parents are constantly going to hold my college fund over my head, I will not depend on their money for my education.
Right now my plan is to enlist in the Air Force and use the GI bill benefits to pay for my college and grad school. I just contacted a recruiter yesterday. I am happy and sad at the same time because I am dealing with the disappointment of my plans for next semester being totally scrapped. I was just starting to make friends and I was taking really interesting classes that I liked, and it fucking sucks that I will have to delay my education for several years and go through a huge change in my life. But that’s also the happy part at the same time… I will finally have freedom and a safe place to live away from my parents. I won’t have to come home during breaks and worry for my physical and emotional safety. Some self reflection, Reddit posting and conversations with my boyfriend also made me realize that I have a lot of growing up to do. I have never had a job that wasn’t through a family member or friend. I don’t have much money management skills and have never had to provide for myself. I’ve also been sheltered for most of my life. So this is why I think I’m making the right decision. These past few days have been a fucking whirlwind of emotions for so many reasons so I just needed to write it down.

Chantal Danielle has been staying with fuckbuddy Keiran Lee for quite some time, and knows that he can get distracted by two things – “football” and his pornstar work. But how come all those free-use scenes he’s in mostly have the lady being fucked whenever he wants?! What about her? If it’s the middle of the day and Keiran is busy, why can’t cock hungry Chantal pull out his dick and use it to get off? Grind against it, ride it deep and hard, get off as many times as she wants until she’s a drooling, quivering, happy mess, regardless of what he’s doing? That seems only fair! But how feasible is it, really?"

I work amazon flex. I didn't pay taxes last year, so I do not have to do quarterly estimates, and plan on paying a lump sum in April. I just want to make sure I generally understand the situation I am in so that I don't get caught off guard.
FEDERAL:
-I will pay 12% taxes on all my income(minus deductions), because it is less than $44,000 or whatever the next jump to ~22% is.
-I get $12,000 written off, off the bat for single person standard deduction?
-Beyond that, I can write off $0.0665 per mile, which combined with the $12,000 single person deduction write off should eliminate my income tax bill entirely.
-Beyond that, I can write off my used Car purchase($8500, can I use this next year maybe, or do I have to use it same year I bought it?), although I shouldn't even need it, because everything will be written off by mileage and single person standard deduction.
-SS and Medicaid taxes @ rate of 15.3%(which is double because my employer doesn't match me), are only based on profits. Therefore, the amount that is taxable will be equal to my Revenue minus $0.065 per mile traveled? Are there any other write offs for Medicaid/SS taxes? The standard deduction doesn't apply to this right?
STATE of NJ Taxes:
The taxrate for income in NJ is only 1.3% up to $20,000, and I'll be below $20,000. And it is only on profits, so once again the taxable amount will be Revenue- $0.065 per mile(once again, is there any other write-off I should be using beyond the $0.065 per mile?). The standard deduction doesn't apply to this right?
If there is anything I got wrong, or am leaving out, or am misunderstanding, please advise. I won't be filing for like 9 months, but I want to make sure I have a general grasp of what lays ahead, so that I am not surprised, and can live without fear. I'd really rather not do quarterly estimates, as I don't like the idea of giving the IRS free money to get interest on, when I could be using it. I am fine with just saving up more than enough money before April so I can pay in lump sum... I just need to make sure I understand APPROXIMATELY what that will be(then I'll save extra just in case).

Age- 24 years Height- 5' 7" Weight- 71kg Medicine- Divaa od 250(1-0-1), Risdone 0.5mg(0-0-1), Prodep 20mg(1-1-0), Briv 50mg(1-0-1), Lamitor 125mg(1-0-0), Ventab dxt 50mg(1-0-1/2) Smoking status- do not smoke Official diagnosis- dysthymia with major depressive disorder Past medical issues- Seizures in 2020, Serotonin syndrome in Jan 2022 due to self medication on maoi Location- Gujarat, India Treatment Hospital- K. J. Somaiya Hospital, Mumbai, Maharashtra, India Symptoms since- From 2015( total 8 years, perceived much relief but there is a scope of further improvement) Problem- high anxiety, sad feeling, tingling sensation over arms, legs, neck, legs scalp, eyes and forehead.
Does anyone experiences a tingling sensation all over their body and mostly scalp?? I feel a tingling sensation over both my arms, legs, neck, over the eyes and all over the scalp. The tingling sensation feels like a electric current running over the scalp and forehead and leg while doing any activity like speaking, reading, writing, sitting when somebody comes before me and in other social situations. At other times the tingling sensation becomes a heavy fog highly irritating over the scalp. The whole sensation is highly irritating and unpleasurable and unavoidable how much I try. I am having this tingling sensation and anxiety from past 8 years but due to ect(currently undergoing) and other medications(more than a dozen) the sensation index has improved by 65% to much relief but still there is a vast scope of 35% improvement. Currently I am on lamotrigine, desvenlafaxine, fluoxetine and maintenance ect(12 sessions completed, 13th coming). Has anybody or anyone in their acquaintance had similar tingling sensation spread all over the body(mostly where nerves are visible) or I am alone in this world suffering such weird tingling sensation. My nerves all over the body are hyper-responsive to my thoughts and constantly firing is how I perceive my problem. I have asked doctor for rtms but they say that is the last option and also not available at the treatment centre. I also perceive that anti convulsants like pregabalin and gabapentin can help reduce the tingling sensation over the scalp but I don't really know. I feel helpless always. But I have not lost hope. I am fighting, I practice mindfulness and constantly engage myself and I have faith in god. This is my present condition. Can anybody provide any help, any advice... BTW I am from India.

Here’s where I’m at: just discovered this term, I am in one of two modes at long periods of time. Either I have a project/challenge that I’m engaged with, have responsibility for a bunch of outcomes and potential disaster… and I thrive to the point of burn out. Then I can’t work, as time goes on not doing anything I zone out and slip further and further away from reality, disassociated and dreamy. Getting back to work feels like a mountain to climb. Does anyone relate? This could be autism + meltdowns, or fatigue/ptsd and disassociations. So far the only thing I have found to help is forcing grounding techniques, exercise and anything physical to bring me back to now. When I am present, I realise how much admin and life I need to tackle and I slip back into my world. Is this SCT? Is this something meds would help or would some life coaching work? My adhd friend has a great therapist that coaches and is thriving.

I’m open to hear any advice, how do y’all deal with mouth-service ppl. Cuz i feel stuck. I Don’t want to do their part of the work and they just TALK they would do anything but the work and I don’t want to create tension between us cuz it won’t make anything easier. And not doing the work at all isn’t an option. What they do is get in a session or meet somewhere and instead of getting work done they talk and discuss in the air. I keep text them asking before we meet to specify what are the goals that we should achieve in this meeting so I can sit a plan to manage the time and WORK but they just talk and no goals are sit or met, it’s always me that have all the supplies and they just can’t do it cuz of some excuse. I tried to show them how helping each other is good i sometimes share with them my assignments’ answers to make it easier for them, and copy a programming code that i wrote and send it to them . And i do it without them asking because I want to show them what a team we should be. They just answer my question with a question like how could we do it ..and I’m just like them i’m discovering still learning but the meaning of their question is ( asking me to go figure out how to manage doing something and then come tell’em and then they act dumb and since I figured it out might as well just do it in behalf of all of us).i hate team work!

Hey friends, I'm looking for some insight/direction with what to do with our reactive Corgi Arnold. We got Arnold in January from a rescue org that rescues dogs from the meat markets in Asia. Arnold def has some past traumas and went full resource guardeaggressive herder upon arrival. We saw several trainers and a behaviorist, got him on some medication, and saw some improvements, but issues still remained. We moved across the country (USA), and Arnold did great! We had learned to avoid a lot of guarding triggers, and while Arnold was still leash reactive to other dogs on walks, about the only other issue we had was when I, not my partner, would return home with Arnold after a walk he would become growly and aggressive approaching the front door. Behavior that would continue in the house. Arnold usually is very affectionate with me, asks for pets and playtime rather frequently so this is odd, but not insurmountable. Then a few days ago while lying on the floor petting him, out of seemingly nowhere he bites my hand. Hard. No stressors or body language change leading up to it either. Just pow! Since that bite, he has been super hostile to me and my partner. He let my partner put his leash on this morning for his usual AM walk but now won't let either of us attempt to take his leash off without biting. He still follows us around the house in a non aggressive way. Hangs out around our feet, wanting attention and wanting us to take his leash off but if we try, bitey bitey. We're both at our wits end here. We've both been bitten several times since we got Arnold. We've seen progress and backslides. We've done medication. We've adjusted medication. We've done trainers. We've done behaviorist. We've struggled but seen the goofy adorable love bug Arnold can be but it's absolutely demoralizing to be back at square 1 six months in. What is even next?

There is more going on that I will be able to find out in the morning, but I do know her and her daughter are in danger, I do know that these are the relationships she always finds herself in, and I do know that she doesn't have the money to leave Texas. I don't know what to do, I'm all the way in Washington, and I can't send her money.
Reddit, please can you list some resources that I can share with her when it's safe? It's all I can do to help her.

"Come on, please, it has to be somewhere around here!"
Cogwyn was at her wit's end, and apparantly desperate enough to be begging the rotten wooden floor of the abandoned saloon she was in.
"Pst. Magical weapon?" One hand clutching the faded map, Cogwyn opened the faded parchment to check where she was again. Following the long-lost roads on the maps, her finger once again arrived in the town of Foghorn on the map, the town built on the lake-bed of the legendary Lake.
The Lake that held a legendary weapon called Excalibur.
Cogwyn needed that weapon, right about now. It would honestly be very good timing right about now. Cogwyn had lost and given up too much to be here in the ghost town of Foghorn, knee-deep in the barren territories of the long-fallen Human civilization.
Goddamn it, Cogwyn was sure the spot she was in was at the center of the long-dried lakebed. Digging her claws into the plank, Cogwyn pulled as hard she could, trying to at least dislodge it a bit. The Crownhunters will be here soon, and then she'll be screwed. There was nowhere else to run anymore.
Digging her claws deeper into the rotten wood at that thought, Cogwyn pulled harder. Her muscles strained as she grunted in effort before she lost her grip on the wood and was flung backwards from the force used to tug at the wood.
"Ugh!"
Cogwyn punched the wooden board, then immediately regretted it as she registered the pain from her punch. Nursing her fist, Cogwyn turned towards the doorframe of the building, heart dropping in her chest as she saw the blurry figures in the distance, riding towards the saloon.
Immediately standing up from her crawling position, Cogwyn reached towards the pair of daggers stashed in her pant legs and found... nothing. Right, she lost them by throwing them at the Crownhunters where they promptly flew off into the cliff the Crownhunters were standing by.
Whatever, she still had her claws.
Jumping on the table, Cogwyn screeched on the table as the Crownhunters entered the room.
"Goblin! Do not resist your death, the crimes of your kind will be paid in full!" The Crownhunters drew their swords at their leader's statement, the swish of the sword causing a pleasant metallic sound as they were unsheathed.
"Crimes of what, fucking existing?"
"Yes."
Stupid xenophobic Empire bullshit. Cogwyn bared her teeth and prepared to rake her claws all over the Crownhunters face. But before either side could make a move, a loud crack resonated in the room.
A pale, ghostly hand punched out of the floorboard Cogwyn was trying to ply open, their hand holding a bizarre L-shaped contraption.
Cogwyn stared at the pale hand. "What"
What are you waiting for? Take the gun and shoot! The voice echoed in Cogwyn's head, and sorry, a voice is speaking in her voice telling her to take—a gun? What the hell even is a gun?
I am the Lady of the Lake, the Keeper of Excalibur. The Mistress of Justice. Take the revolver and enact your justice, little Goblin.
Wait so, you're telling me Excalibur is that weirdly shaped piece of wood and metal you're holding?
Yes. The voice sounded impatient. The hand in the floor, on the other hand, rose further, revealing an arm now. For centuries I have waited for another worthy of Excalibur. Humanity has fallen, but its spirit remains in it.
Rudely, the Crownhunters attacked at that precise moment, apparently having gotten over the ghostly body slowly rising out of the ground. Flashing her attention back to the Crownhunters, Cogwyn barely managed to tip the table over and scramble out of the way before the sword cut her head clean off her shoulders.
"Asshole! I was having an in-my-head conversation there!" Cogwyn spit at the Crownhunters attacking her as she dodged out of the way of another strike, the sword burying itself into a dusty table.
By now, the Lady of the Lake's form had appeared fully. She was transparent, but her form revealed her to be a bipedal women with long hair, wearing a simple dress. Her eyes facing forwards, like a predator's. Cracking her knuckles, she rolled her arm before sending a devastating punch, knocking out one of the Crownhunters cold.
The Lady's voice crackled to life in her mind. Eat shit.
Wow, was that really what the Humans looked like? Turns out everyone needs to do some serious updating to their drawings of Humans. They had just assumed they were more prey-like, considering how peaceful their civilization was truly rumoured to be.
Cogwyn eyed the laughing Lady of the Lake with a curious side-eye. So the Humans did have a dark side. Grinning, Cogwyn caught the... gun-thing as it was thrown at her by the Lady. Holding the wooden handle, Cogwyn rushed up to one Crownhunter and bashed it on their head.
Expecting some serious magical stuff to occur, Cogwyn was disappointed when they merely fainted from the blunt force trauma. "Hey, I thought this weapon was magical!"
It is. You're just using it wrong. Grip the handle and pull the trigger—that spring near the handle—while aiming it.
Taking the Lady's advice, Cogwyn aimed as one Crownhunter rushed her and pulled the trigger. A bloom of smoke rose from the tip of the weapon as a loud boom filled the room. The gun, like a particularly violent horse, kicked back, almost forcing Cogwyn to drop the magical artefact on the ground.
The person in front of Cogwyn stopped and dropped, a hole in the middle of their chest.
"Holy shit."
Indeed.
Standing in the ruins of the room, the Lady and Cogwyn stood in the center of a whirlwind of bodies and broken furniture. Cogwyn laughed out loud in joy as she stared at the weapon in her hand.
"You know, most artifacts only allow their own species to wield them." Most ancient artifacts were too prissy to allow anyone but them to wield their precious weapons, which meant that the Elder races held all the cards when it came to power, leaving newer races to lick boots in order to get scrap.
It doesn't help that artifacts take time to materialize for any civilization.
Excalibur is not most artifacts. The voice of the Lady was calm, but an edge still held in her voice. Humanity was not most races. Back then, anyone could be a Human.
"Anyone?"
Anyone. Being Human was less being a member of a race at that point, but an idea. The weapon you hold is but a fragment of that idea, crystalized into the form we see now: justice.
"If Excalibur represents justice... What are you, then?"
The Lady paused, a devious smile on her face. Another ancient Human philosophy. One passed on from the earliest days, before even the seedling of Excalibur was even planted.
It was called... Fuck Around And Find Out. The Lady giggled before sighing. Justice doesn't serve itself, y'know.
The Lady of the Lake stretched, bones cracking as she readied up for a long journey ahead of her. Come on now, we have a government to overthrow.
Cogwyn huffed as she followed the Lady out into the desert.

Original Source: https://boringmoney.in/p/byjus-is-sued-by-its-lenders (my newsletter Boring Money -- please visit the link if you'd like to subscribe and receive similar posts in your inbox)
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Four years ago I read an article in The Ken titled The making of a loan crisis at Byju’s. The gist of the story was that Byju’s was an edtech doing phenomenally well selling its digital courses to parents of young students. But these courses were expensive and these parents were poor. So it was also selling them loans to buy these courses. Only, without telling them. Parents would expect a course (which could be cancelled) but would end up with a loan (which couldn’t be cancelled).
Three days ago, Byju’s went to court in New York. Here’s the headline from TechCrunch: Byju’s sues ‘predatory’ lenders on $1.2B term loan, won’t make further payments.
Byju’s is a company that, arguably, made a business out of giving out predatory loans. Now it’s sued its own lenders and accused them of being predatory. I’m not saying that this is poetic justice but.. okay, scratch that. This is poetic justice! If Shakespeare were a finance writer this is the kind of stuff he would come up with.

Everyone wants to lend to Byju’s

In 2021, interest rates were low, loans were cheap. Tech startups were doing great, edtech startups were crushing it. Byju’s, not one to be left behind, had raised a lot of money but money was cheap so it also wanted to borrow. It wanted a $500 million loan from lenders in the US, which it wanted to use to acquire companies there. Instead, it ended up borrowing more than double—$1.2 billion—because lenders practically wanted to throw money at this overachieving edtech startup from India. [1]
The way a term loan such as this works is:

1. A company goes to an investment bank and asks for a loan
2. The bank syndicates this loan to investors, who become the lenders. Everyone comes together in a room and negotiates the specifics of the loan (which can be quite complex, as we’ll see)
3. The loan goes through and everyone’s happy. Presumably, the company likes its lenders, the lenders like the company
4. The original investors might sell the loans they own to other investors. The company’s only talking to an administrative agent representing the lenders, so over time it might not even know who its lenders are

In November 2021, prominent investment managers such as Blackstone, Fidelity and GIC had gone overboard to lend money to Byju’s. By September 2022, Byju’s lenders were desperately selling [2] their loans at a 36% discount on the principal. (Today, Byju’s debt is at a 20% discount, which is also bad.)
It’s likely that Blackstone, Fidelity and other of the OG lenders aren’t Byju’s’ lenders any more. They’ve almost certainly sold off their loans at a loss. Better get paid something than get paid nothing.

Dealers of the dead

If a company’s debt is being sold at a 36% discount, it’s because investors think that the company is unlikely to repay its loans. If you buy such a loan, you potentially stand to gain a lot—because of the discount—but well, you might also just lose everything.
If you’re a regular investment management company, like Blackstone, you don’t want to invest in such a loan. Your investors gave you this money to get predictable returns. If they wanted risk, they’d ask you to buy stocks. You don’t want to get into a fight with your borrower. If you feel they will not pay you back, you take a loss, sell the loans, move on.
If you’re a distressed debt investor, your entire business is to buy such distressed loans from regular investment managers like Blackstone. You’re going to get nasty borrowers who are unlikely to want to repay their loans but that’s okay. Because you’re nasty too. You spend less time on financial models, more in courts and around lawyers. You like to fight to get your money back. Sometimes you might lose, but the times you win, you win big. The wins cover your losses and some more.
Blackstone and the others sold Byju’s’ loans in desperation, and they were almost certainly bought by distressed debt investors. We don’t know who they are exactly, but Byju’s has indicated that one of them is Redwood Capital, a New York-based distressed debt investor.
If you’re a distressed debt investor, this is how it works:

1. You get a loan for super cheap
2. If the company repays its loan, great! You make a lot of money
3. But the company isn’t likely to repay, which is why you got the loan for cheap in the first place
4. So it’s in your best interest to not let the company die a slow death. Instead, you want to kill the company quick. You take the company to court ASAP and take all the money you’re owed while it’s still there

If the new investors waited, say, for a year, and took Byju’s to court after it had actually defaulted on its repayments—there might not be any money left! Byju’s may have given all the money to Lionel Messi or maybe laundered it away someplace the lenders wouldn’t find it. If you’re a distressed debt investor, you want to get Byju’s to court and get the court to force it to do whatever it takes to pay you back.
Last month, Byju’s’ new lenders sued Byju’s in the Delaware Court of Chancery [3]. We’ll get to the official reasons for this lawsuit in a bit, but what’s important is that Byju’s was not being sued because it defaulted on a payment. It hadn’t. It was being sued because the distressed debt investors expect it to default sooner or later, and they would prefer dealing with it sooner rather than later.

Lenders go for the kill

Usually, the finer details of corporate loans such as Byju’s’ aren’t public. But thanks to the multiple lawsuits we know quite a bit here.
The loan was made to Byju’s’ US entity and it was secured with guarantees from multiple Byju’s companies. From Byju’s’ lawsuit this week against its creditors (which I will get to), here are the guarantors:

1. Byju’s entities in India and Singapore
2. Byju’s’ US and Singapore acquisitions; companies including Oros, Epic, Great Learning, and Neuron
3. Whitehat India, Byju’s’ famous Indian acquisition

That’s a lot of companies guaranteeing a loan! Byju’s’ Indian entity is the parent of all the other guarantor companies, so having it as a guarantor should’ve been enough. I guess the rationale here was that it would be nice to have some non-Indian companies in the mix too, we do know how efficiently Indian courts work.
Apart from Byju’s the parent company itself, Whitehat was the only other Indian company guaranteeing this loan. The problem was that Whitehat itself, on paper, had negative net worth. It had probably taken loans of its own and did not have enough assets to cover them. In practice, this would be irrelevant, because Whitehat was owned by Byju’s and it would cover any of Whitehat’s liabilities. But, apparently, RBI regulations require Indian companies with negative net worth to take its approval before guaranteeing a loan. So even though Whitehat was a guarantor, the guarantee was meaningless until RBI granted its approval.
Yeah, well, RBI didn’t grant its approval. From the lawsuit:

Plaintiffs, Borrower, and Lenders had a call on or around October 6, 2022, to discuss the Whitehat Guarantee. In a good faith effort to negate any impact of the new regulations, Plaintiffs and the Borrower offered to move all assets out of Whitehat India into other subsidiaries of the Parent Guarantor that are Guarantors to the Credit Agreement, or are owned by Guarantors of the Credit Agreement.
Lenders rejected this proposal without justification.

In October 2022, after Byju’s’ debt was already sold to the distressed debt investors, the company spoke to its lenders and informed them that it was unable to get RBI’s approval for Whitehat to be a guarantor. Instead, it offered to move Whitehat’s assets into other companies and then use those companies to guarantee the loan. Which would really have been the same thing. But the lenders refused! Why?!
Continuing from the lawsuit:

Lenders subsequently asserted that an event of default under Section 8.1(e) of the Credit Agreement (an “Event of Default”) had occurred due to the failure to procure the Whitehat Guarantee.

Oh, that’s why. Byju’s’ lenders—distressed debt investors that wanted Byju’s dead ASAP—used the fact that Whitehat couldn’t be a guarantor of this loan to claim a default and use it as a reason to take Byju’s to court in the US. Honestly, I’m impressed. The Whitehat guarantee was redundant to begin with, but the lenders had found an out and their official reason #1 to take Byju’s to court.
Oh, there’s another thing. In June 2022, The Ken reported that Byju’s’ financials for 2021 had been held up by its auditors because of certain, umm, creative accounting. By this time, Byju’s should have ideally filed even its 2022 financials. It was very late! From the lawsuit:

The FY’21 Audit was delivered to the Lenders on August 30, 2022. It did not contain a “going concern” qualification or any similar qualifications about the Parent Guarantor’s ability to continue into the future.
However, the FY’22 Audit could not begin until the FY’21 Audit had been completed, and the Parent Guarantor’s business has continued to grow rapidly

Byju’s’ 2021 financials were held up because auditors weren’t giving the company their go ahead, so of course its 2022 financials were held up as well.

On or around August 29, 2022, Shearman & Sterling, LLP (“S&S”), counsel for GLAS, sent a letter to Byju’s Alpha and Think & Learn requesting certain financial disclosures from Plaintiffs and Borrower, and asserting that the failure to deliver this financial information was a breach of the Credit Agreement.
...
Rather than actually suffering any damage from the delayed FY’22 audit, Lenders opportunistically used this unintentional and non-material delay to exert pressure on Plaintiffs and the Borrower to extract onerous economic concessions.

I love it! Byju’s’ financials were delayed. Its agreement with the original lenders said that the company must share its audited financials with them. Byju’s wasn’t able to do that. The lenders found their official reason #2 to take Byju’s to court.

Byju’s sets up an offence

Before the lenders sued Byju’s last month, Byju’s tried its best to negotiate a deal. It gave the lenders an assurance of the company’s financial health, gave them concessions worth “tens of millions of dollars” and requested (pleaded) to take back their claims of Byju’s defaulting.
The lenders refused. They asked for either the full principal back or two-thirds of it, with an increment of 7% (!!) in the interest rate. Byju’s, of course, said no.
At this point, Byju’s knew that the lenders weren’t going to negotiate realistically. So it prepared its own offence. From the lawsuit:

The Credit Agreement prohibits transfers or assignments of the Lenders’ interests in the Term Loans to “Disqualified Lenders.”
The Credit Agreement includes in its definition of Disqualified Lender “[a]ny [] Person (including an Affiliate or Approved Fund of a Lender) whose primary activity is the trading or acquisition of distressed debt,” and “those banks, financial institutions and other Persons separately identified by name . . . on or before the syndication . . . (which may be updated . . . from time to time . . .)”

In its agreement with the original lenders, Byju’s had put in a clause restricting its loan from being transferred to distressed debt investors. This is a risky clause to agree with, because it’s only these folks that buy loans that turn sour, but the original lenders had gone with it.

On information and belief, the entire course of Lenders’, and Defendant’s, bad-faith conduct has been driven by these distressed-debt lenders, who were never meant to have been lenders in the first place, and who acted with the intent of causing harm to Borrower and Plaintiffs. Meanwhile, Borrowers and Plaintiffs were initially unaware that the lenders were in fact being controlled by distressed debt dealers, and were therefore unable to take action to prevent their bad-faith plan from being implemented.

In its lawsuit this week, the crux of Byju’s’ argument is based on the fact that its loan is owned by distressed debt investors who were not eligible to be owning its debt in the first place. Also interesting is that Byju’s doesn’t seem to know who these lenders are. In its post-lawsuit statement, Byju’s named Redwood as one of the lenders, but it’s not named anywhere in the lawsuit.

Now what?

If push comes to shove, does Byju’s have the cash to pay off its lenders?
Last month, Byju’s transferred $500 million out of its US entity. The lenders had filed their lawsuit and there was a chance the court would freeze Byju’s’ US entity’s assets, so this was a precautionary move. So Byju’s has this $500 million. But that seems about it. Byju’s has been in the news saying that it’s trying to raise $700 million to pay off its debt. Yeah, between the horrible edtech market and the colourful lawsuits Byju’s is in, good luck with getting investors to donate their money to Byju’s.
But of course, Byju’s is now suing its lenders too. It does have an agreement that says that its debt can’t be held by distressed debt investors. So it’s not a frivolous suit.
Can Byju’s win? Sure. It would still have to pay its debt eventually. And it’s not straightforward. There are probably tens or even hundreds of lenders. It’s apparent that the distressed debt investors are the guiding force behind the lenders’ lawsuit, but it’s definitely not necessary that they form the majority of the lenders. In which case, Byju’s’ whole lawsuit falls apart.
The lenders are saying Byju’s defaulted by not keeping its part of the agreement, even though it had technically paid its dues. [4] Byju’s is saying that the lenders shouldn’t be the lenders in the first place and must be disqualified. We’ll see who’s right.
​
Footnotes
[1] It was a 5-year loan with a floating interest rate of 6% over Libor. Think of it as 6% over this magical interest-rate called Libor that some fancy-pants banks set amongst themselves everyday. Back in November 2021, Libor was at 0.25% and this was a 6.86% interest loan for Byju’s (the floor for Libor was 0.75%). Today, Libor is at about 5.64% and it’s an 11.6% loan.
[2] Multiple reasons for the investors to sell. One, interest rates went up and cash became more dear. If they had money stuck with Byju’s, it was money not being lent out to someone else. Second, edtech all around the world was in trouble. Kids were back in school and people didn’t think much of them anymore. Third, Byju’s as a company was showing its red flags.
[3] What a cool name!
[4] Until now, that is. Byju’s filed its lawsuit this week the same day it was supposed to make a $40 million interest payment.
​
Original Source: https://boringmoney.in/p/byjus-is-sued-by-its-lenders

Please be nice, I’m pregnant and emotional. So my ex and I split days before finding out I was expecting. He told me to take a pill, and I continuously told him I wanted to keep the baby. He blocked me on everything.
Today I made the mistake of texting him a photo of my recent ultrasound. I told him that I just wanted him to know that I heard the heartbeat today. He immediately asked me to come over, and I did regrettably. He told me the same things that I shouldn’t have it, but in the end told me he wanted us to be on good terms if I was keeping it. So he’s being super sweet, told me to let him know when I got home. I took a nap when I got home and when I woke up, he had texted me. He said that he wanted to add that was seeing someone new so he didn’t know what I wanted to do? I was crushed. I still said I was keeping it. Later on that evening, I ask him if it’s this girl I was suspicious of. He said no, then stupidly I asked him again in a different way. He said that it was her, and later admitted he just said that because I wouldn’t stop asking. He also weirdly said that he wasn’t screwing her while we were together. When I asked why I said that, he said because I had accused him of hooking up with her in the past. Still makes no sense for that truth trickle comment. He also admitted he was never seeing anyone new. I had spent hours crying over the fact, it had been less than a month. I don’t know what to think.

I'm sorry for the long post! Tldr at the end.
Hey all, I've been hesitant to post here because I didn't really want to face the possibility of having IC. But the symptoms are getting worse by the day and I need advice. My husband and I keep digging through the internet to find a way for relief, and he keeps noting that it might also be psychosomatic, although I don't know if psychosomatic symptoms can be this bad.
I'm 27, trans male, on HRT for 2,5 years. I've always had a bit of a nervous bladder, that part is definitely psychosomatic, basically I always had to make sure I peed before going anywhere or doing anything where I wouldn't be able to go to the toilet, "just in case" (I know this isn't good for the pelvic floor, I had good and bad phases, and I already actively tried to stop myself from going if I don't really have to). I found out peeing up to 8 times a day is considered normal and I definitely pee more often than that, I noticed this because my husband pees like 4 times a day and I was wondering about the discrepancy between our toilet habits. (I could technically go less often, but I feel my bladder not being empty, so I want to pee).
About 2 months ago, I got a bad vaginal superinfection, and it's lasted until today, being treated with anything available. Along with it came pressure on my bladder, and over time, a burning sensation behind the pubic bone. The burning got quickly worse to the point it's constant, it sometimes goes away for a little after peeing but not for long. I thought I had a UTI, obviously, but my urine was tested 3 times and nothing. I also have discomfort in my urethra and get bladdeurethra spasms that are super unpleasant, like the exit of my bladder seems really tender and reactive. Especially at night it's disruptive to get these spasms because they always startle me a little. I've never leaked urine but it's uncomfortable nonetheless. I've been losing sleep over this. I don't really have to get up at night to pee, but the burning and pressure keep me awake. I've started getting panic attacks at night as well, and without sleep medication (pipamperone, and lorazepame on particularly bad nights) I actually do not sleep at all. I just drowse through the night.
I've spoken to my urologist multiple times and he said this is a "menopausal" thing because I'm on testosterone. He said menopause can make you feel like you have a UTI even though you don't. I don't know about that, I know menopause can make the tissues and pelvic floor weaker, causing frequency - but burning? Whenever I look it up, IC is the first thing that shows up (next to an acute UTI).
It's worth noting that since March, I've been going through severe depression and anxiety because I'm in a very tough spot. I'm being treated for it, but my future is very uncertain. Hence my husband's suggestion that this might be psychosomatic. Over the weeks I ate less and less and lost weight and my overall interest in life, so I wouldn't be surprised if my infection was due to that and my immune system being whack right now, I just don't know about my bladder.
I've started with the IC diet this week, although I haven't seen any connection between food/drinks and "flares", as the symptoms are constant. Never observed any diet related issues in the past, either. I also tried baking soda a few times but that didn't make the burning go away either. Stuff like Azo and Prelief are not available in my country, I'm from Germany. I've tried Ibuprofen but that didn't help. All I can do is drink a lot of water and chamomile tea.
I have a cystoscopy scheduled in 2 weeks, thing is the week afterwards I'll immediately be going to a psychosomatic clinic for 6 weeks and won't be home for that time, and if it turns out to be IC I don't know how or if I'll get treatment and how to follow my diet. From what I've read, it only shows up in a cystoscopy if you have "real" IC (as in Hunner's lesions) and I'm scared I'll be brushed off if it turns out to be fine. My urologist is very hung up on my HRT and that the lack of estrogen is causing my issues. I understand the impact on my vagina and the inflammation there but I highly doubt lack of estrogen causes burning in your bladder.
I'm very scared and need any advice I can get. My quality of life is so low right now, I force myself through the days and it's bearable when my husband is around, but when he's at work during the week I'm so overwhelmed with everything and cry a lot because I feel so alone and restricted. So far my urine has only been tested for the regular UTI stuff, like inflammation markers and bacteria. I don't know if it's worth considering checking for ureaplasma or whatever else there is. In September I have an appointment at a different urologist who also specializes in trans health care and has experience with IC, but that's still a while to go.
I think I need to be told everything is gonna be okay. Because right now, I feel like my life is over. I'm always in pain and nothing works and I feel so helpless and so many meds I read about aren't available in Europe. I miss laughing with my husband and going on walks carefree and I miss my sex life. I don't know if this is really psychosomatic, or if it's IC, or if it's because of lack of estrogen, but I'm so exhausted by now. It's been weeks and weeks on end. I want to feel better.
Tldr: Developed a constant burning sensation and spasms in my bladder about two months ago while going through severe depression and anxiety and while having a vaginal superinfection. Not sure if it's psychosomatic or IC. Urologist says it's because of lack of estrogen (I'm trans male). Tested negative for UTI three times. Cystoscopy is scheduled in two weeks and I'm scared. Haven't been able to sleep. Meds like Azo and Prelief are unavailable in my country. Haven't ever noticed any "flares" after certain foods or drinks. Need advice and emotional support because my life feels like it's over.

So I've been training (kinda) for my level seven for about a month now. Only thing is, when I get scheduled that 8-5, almost every time I don't get to do the money, it's always "It's just me and you so I can't teach you the money today" and it's gotten to the point where I literally just end up stocking the stands and sometimes i'll do the temps and i've done the counts once or twice? And i've only actually done the money with someone like 4 times maybe? Maybe less. But since it's so sporadic it never catches on for me and its definitely not at the point where I can do it by myself. And now I only ever get scheduled 8-5 once a week or not at all. Can someone explain why this is happening or what I can do or say to get more training? I recently got a new SM and he's super awesome so maybe I just need to ask him about it? Any advice on the lvl 7 position in general? I know the dm has to come and watch you at some point and that's super nerve wracking cause he never really acknowledges me when he comes in so yeahh

Thank you all. Seriously.
I'm a veteran. No not military, just a really old runescape player. I played when I was about...not even 16, and I'm 27. So literally, it has been over a decade since I last played actively.
I never really thought about how I would ever be able to do anything more than fight black knights. It was my singular reason deterre in the younger days, and nowadays, I'm actually playing runescape and enjoying it, my smithing is lvl 40!
Still a noob though. I only know of 4 quests total, and there is a full 85% of the map I haven't explored. For an rpg as old as digital dirt, I honestly prefer it over the modern rpgs. You could call me nostalgic, but what I see isn't the art of the game, but instead it's functionality and playability.
Yeah, might have a few problems, scammers, bots, exploiters, etcetera. But every time I play, no matter what happens, there are always people online, talking, trading, playing, not just bots.
I'll go as far as to say that the GE wouldn't even function if there weren't enough real players out there. Yet I can STILL go to the GE and get almost any item in the game. Except tuna potato. You can't buy that at the GE.
I can literally just make iron and steel for people without any combat, and still enjoy the game. That right there is far more valuable than most games from modern day that I've played. And I wouldn't be able to have this today if there weren't any of you people still playing this game actively for the past decade.

This happened in 2000 year when I was 7 years old. Me and my family moved to live in new appartement. The first night that we arrived there we noticed that the light in the bedroom wasn't working and my father said that tomorrow he will fix it. While my mother and father watched tv in the living room, me and my brother decided to play hide and seek in the appartement. I decided to hide in the dark bedroom because without light it will be difficult to find me. When I entered the room I hide myself behind the door. I felt like somebody was already in the room and watching me. I turned around and I say one big pair of green eyes with pupil like snake eyes. They were way bigger than human eyes... I was like paralyzed and couldn't move or scream. I wanted to move and it was just impossible. After second another pair of green eyes appeared next to this one. It was like they were in black cloud and I couldn't see their bodies or even anything else in the room. Just their eyes. This second creature made my body jumping to get out of the room without hurting me. Just my body started to jump slightly and the door opened itself and then when I was out of the room I started screaming and called my mother to come to see what is in that room. She opened the door and there was nothing. The windows closed, the terrace closed and even the room seemed much lighter then when I was in it a few seconds ago... from this night I never stay in dark room and I sleep with a little light on next to the bed. This happened only once in my life and I never ever shared it with anybody because I am afraid that people will think that I am a fool. So many years have passed and I needed to just find an answer if this happened to somebody else or if somebody heard what these creatures might be?!

I have been reading men being absolutely sincere and honest about their suffering during this devastating illness, and I’m so proud of y’all for opening up like that about your pain.
As men, this is a really difficult experience, since this is literally debilitating, weakening, it doesn’t allow us to work out, to feel strong. It affects our sex lives, our ability to provide even. It shakes the core of our masculinity.
But I’ve never once read about how this affects our self esteem, our pride. I’d like to open up the floor to talk about this more openly since it is the elephant in the room for some guys.
The fact that this thing takes you out no matter age or being the healthiest person in the world. This undoubtedly has affected our perception of ourselves, can we talk about this a little more?
I’ve gone from being a gym rat to becoming a pudgy guy who can barely get through his workday. A guy that switched lifting weights to someone who considers walking for 45 mins the heaviest workout he can do now.
An incredibly independent self sufficient man who travelled whenever he wanted and took any physical job and wasn’t afraid of taking risks, to being mostly housebound.
And I don’t even dare talk about dating at the moment. I yearn for the day I’ll be out of this nightmare, when I’ll feel strong and energized again, capable and daring like I used to be. I miss myself, this is …. emasculating. I can’t describe it any other way.

hi! i got into uhouston law and they finally decided on the 2023 budget after months of timeline changes and sent an email today regarding financial aid. i went and checked my account, and the $5k dean’s scholarship and the direct unsub $20.5k were in there, and nothing else. i’ve known about those two for months now and was hoping to see the grad plus loan in there but didn’t. boulder offered me $10k scholarship, $20.5k direct unsub, and grad+ in the amount of ~$35k or to cover the rest of COA (~$65k total).
this might be a dumb question, but do some schools just simply not offer the grad plus loan as part of your admission package? do i have to go apply for it myself for houston? or did they decide that i’m not eligible for it already?? i panicked (cried my eyes out) when i got that email and saw that i’d have to find a way to cover the rest of houston’s COA.
also, they offered me the non-resident tuition waiver which isn’t reflected in my student portal either…i’m thinking that’ll be added later when it’s time to pay up but not sure.

So a little while ago I started using dating apps with serious intent to find an LTR (used them a couple times before just out of curiosity). Met someone amazing and we're currently in limbo. We're going on dates with no label yet bc they are also demi, and they have anxiety surrounding labeling things quickly (we already have a set time frame for discussing a label so no, I don't consider that a red flag).
Well. I found out that I'm demi bc they're my first sexual attraction. And an intense crush came with it, which is something I didn't think I was capable of (I identified as aro before but now greyro) which is making me hypersensitive and I'm over-analyzing their social cues. I am having a very difficult time with this double doozy. I've pretty much had a nervous breakdown bc I was a fully sex repulsed ace before this and I never once thought I'd feel this. And I'm also very much struggling with the "what if this is my only chance to enjoy sex????" fear. I am so mad bc this person is amazing and I DO NOT want to let this ruin a potentially great friendship, if they end up deciding to just be friends.
I know I should talk to them. They're already aware that they're my first sexual attraction and they were very concerned for me bc they could tell I wasn't handling it well. They're a very supportive person, but I feel very scared to tell them about the feelings too bc I'm afraid they'll balk and run away, and then I'll have lost one of the best people I've met in years.
My current idea is to tell them, and then tell them that I just need a month or something to recuperate and get my sh!t together again. I feel like they'll understand but again, I am so afraid of losing their friendship. And for some reason I feel extremely embarrassed, not even sure why.
Anyways, rant over. Does this plan sound ok? Any tips on how to execute it without passing out from the sheer anxiety? Should I even try telling them when I'm feeling this bad? Or should I only tell them that something in my personal life came up and I need a week or two to withdraw and focus on myself, THEN tell them?
Also would appreciate hearing if anyone else has gone through a similar experience bc I feel very much alone and isolated in how I'm feeling rn.