Orbiter Matthew Vickers / @MWV / ViciousVickers / Poor Yorick - Ex-coin merchant, bloodline gunted by Ethan Ralph. Fat cuckold who lost everything by trying to launch warfare against Ethan Ralph. Alleged rapist, proven cuckold, got mental damage from his wife's mean words. Cog paypig.

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What caused Vickers' crazy eyes?

  • Tumour

    Votes: 49 3.4%
  • Stroke

    Votes: 201 13.9%
  • Gecko hybrid

    Votes: 396 27.4%
  • Dry eyes

    Votes: 33 2.3%
  • All of the above

    Votes: 766 53.0%

  • Total voters
    1,444
As someone who didn't follow Vickers, what was the deal with the coin shop? He made it out to be profitable, but was he just renting a space that was bleeding money because his whole inventory was nothing but Chuck-E-Cheese tokens?
According to his bankruptcy schedules, which you may want to be skeptical of, Vickers claimed in 2018 to make a net monthly income of about $9800. Assuming the business would average out to that amount in monthly net income over the course of the year (as businesses tend to have good and bad months), that would be around $117K annually.

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@mindlessobserver does it say why Vickers didn’t qualify for chapter 7? Tried finding it in the documents you uploaded, but it’s mostly about chapter 13, not 7. Apparently, almost everyone qualifies for chapter 7. Why didn’t he? Was it the HOA?
@TherapyMan found out why. The absolute mongoloid decided to fight with his court appointed trustee. The court was not amused with this novel approach to bankruptcy litigation.
 
According to his bankruptcy schedules, which you may want to be skeptical off, Vickers claimed to make a net monthly income of about $9800. Assuming the business would average out to that amount in monthly net income over the course of the year (as businesses tend to have good and bad months), that would be around $117K annually.

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His margin seems to be under 12% which is weird for this volume, though maybe he's doing a lot of broker deals where he's taking a smaller cut over spot that's driving that low margin. Still, you'd think he'd either have larger volume or higher margins if he's just buying and reselling items from patrons.

I don't understand how he pisses all that money away so easily if he's not just bullshitting.
 
Good summary, except for this part. The trustee actually filed to convert the bankruptcy to Chapter 7 based on the delinquency owed to him, then the Vickers filled to convert it back to a Chapter 13. The Vickers opposed the conversion to Chapter 7, but the Court converted it. Then the Vickers converted it back into a Chapter 13 again. After which, the Vickers became delinquent on the pay plan again. The trustee requested dismissal, which was granted.
How bizarre!! Why would he do that? did the mortgage agreement forbid him from filing any bankruptcy or just chapter 13?
 
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His margin seems to be under 12% which is weird for this volume, though maybe he's doing a lot of broker deals where he's taking a smaller cut over spot that's driving that low margin. Still, you'd think he'd either have larger volume or higher margins if he's just buying and reselling items from patrons.

I don't understand how he pisses all that money away so easily if he's not just bullshitting.
Or he's just counting his net as profit, which is something most smooth brain's with a small business do.

Every gas station is a Million Dollar per month business. The problem is they need to spend 950,000 dollars on buying more fuel to sell, more snacks to sell, payroll for the cashiers taxes, fees, electricity, security, legal compliance and facility maintenance.

Your million dollars per month very quickly becomes enough money to pay your mortgage and give a wife a trip to Outback Steakhouse once a month.
 
Or he's just counting his net as profit, which is something most smooth brain's with a small business do.

Every gas station is a Million Dollar per month business. The problem is they need to spend 950,000 dollars on buying more fuel to sell, more snacks to sell, payroll for the cashiers taxes, fees, electricity, security, legal compliance and facility maintenance.

Your million dollars per month very quickly becomes enough money to pay your mortgage and give a wife a trip to Outback Steakhouse once a month.
I'd assume he'd remove inventory costs, rent, CAM chargers, etc in the operating expenses segment to get his net earnings. How else could have $76k in monthly expenses if it's only rent and interest but not inventory?
 
Or he's just counting his net as profit, which is something most smooth brain's with a small business do.

Every gas station is a Million Dollar per month business. The problem is they need to spend 950,000 dollars on buying more fuel to sell, more snacks to sell, payroll for the cashiers taxes, fees, electricity, security, legal compliance and facility maintenance.

Your million dollars per month very quickly becomes enough money to pay your mortgage and give a wife a trip to Outback Steakhouse once a month.
Trying to make a living speculating on precious metals can really fuck you up if you don't know exactly what you're doing. Look at the price charts over the past 10 years (or click the links for a more granular monthly view):

Silver:
Silver10yr.jpg


Gold:
gold10yr.jpg


The only way to do it safely is to broker very quick transactions. You really don't want to hold much of this stuff for very long unless you have deep pockets and can afford to hold it for a very long time.
 
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I'd assume he'd remove inventory costs, rent, CAM chargers, etc in the operating expenses segment to get his net earnings. How else could have $76k in monthly expenses if it's only rent and interest but not inventory?
Don't follow vickers enough to say whether he is lying or not.

The court however determined he was. Ffs, he got slapped with fee shifting from a Bankruptcy Court. That is an astronomical achievement in legal ineptitude.
 
Vickers seems to have adopted a "spend a lot, borrow when I can, and pay none of it back"
I did some snooping around and managed to find his financial advisor:
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For what it's worth, Matt appears to be proceeding pro se
Smart choice by Vickers, his pro se filings were very effective against Gunt. No reason to change what works.
 
Trying to make a living speculating on precious metals can really fuck you up if you don't know exactly what you're doing. Look at the price charts over the past 10 years (or click the links for a more granular monthly view):

Silver:
View attachment 5799009

Gold:
View attachment 5799011

The only way to do it safely is to broker very quick transactions. You really don't want to hold much of this stuff for very long unless you have deep pockets and can afford to hold it for a very long time.
Most precious metals dealers are almost always long in the market. Vickers must have been an absoulte retard to miss Covid and an incumbent President losing an election. As I said, the coin/metals shop I know was raking it in hand over fist 2020/2021. After January 6th business got better. Vickers should have been printing money.
 
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