Earnings Season - BrickTalk - Falling Short

Episode Date: October 6, 2022

On #BrickTalk this week, we're all Falling Short. The JSE has been promising Shorting for a WHILE now, and it looks like we may be close to actually getting it now. This week Randy (fresh off @jastockex's Shorting Workshop) & @HDanhai chop it up.📲Contact📲📧Mail - [e-mail]🐥Twitter🐥  www.twitter.com/Earnings_SeasonRandy - @RTRoweDanhai - @HDanhaiOfficial Data Provider 📊 - www.MyMoneyJA.com🔗Links🔗MyMoneyJA - https://bit.ly/ESZNMMJA (12 month discount included)GRWR Beginner Investor Workshop Link - https://www.everymickle.com/grwr(Enter EARNINGBRICKS at checkout for a 10% discount) Advanced GRWR Short Term Investment Workshop Link - https://www.everymickle.com/agrwr(Enter EARNINGBRICKS at checkout for a 10% discount)Danhai's Advisory Session (Automatic 5% Anniversary Discount Included) - https://bit.ly/ES2YREF ★ Support this podcast ★

The following podcast is for informational and entertainment purposes only. Nothing said on the podcast should be construed as investment advice, nor should anything said be relied upon as the basis for any investment decision. Any reference to an investment's past or potential performance is not and should not be construed as a recommendation or as a guarantee of any specific outcome or profit. All opinions expressed by hosts or guests on the podcast are solely their own personal opinions and do not reflect the opinion of evermickel.com or any company affiliated with the hosts or the guests. Hosts and guests on the podcast may maintain positions and securities

discussed in the podcast. Neither evermickel.com nor its affiliates or subsidiaries warrant the completeness or accuracy of the opinions expressed herein and they should not be relied upon as such. Strategies and investments discussed may fluctuate in price or value and may not be suitable for you. They do not take into account your particular investment objectives, financial situation or needs and they are not intended as a recommendation to buy or sell any security mentioned. Speak to a licensed investment advisor before making any investment decision. Welcome, everybody, to this week's Brick Talk. I'm Randy.

That's Danae on the other side of the screen. And one of our three SmartKey sponsors, MyMoneyJA, is what you see at the bottom of the screen there. If you don't have a MyMoney money ja account you should get one asap um it is literally the best thing i can think of to help me keep and keep up with the marks a hell of a market companion um and this is brick talk and let me just get the disclaimer out of the way i am randy but i'm not a licensed investment advisor danai hall is a licensed investment advisor but while he's doing the show he's just talking to me and talking to you guys I'm talking about a market he is not doing investment advisory at all alright if you want to have an investment advisory session with him book him at the Hall advisory dot-com and he will give you the best advice on the local market as

available if you go ahead and list us and decide that oh well run the same like svl so all the money for going to svl you are making a mistake right now that svl is about as well as a great choice but talk to your advisor about if it's a great choice for you because when i say it's a great choice for you. Because when I say it's a great choice, I could be talking about 10 years from now, right? And if you want the money 10 weeks from now, it might not work out the same. So at no point should you think that. No song on YouTube. No song on YouTube.

Word. Thank you very much. I don't have to repeat all of that. Welcome to. They're hearing me. They're not hearing you. of that welcome to the hearing me they're not hearing you yeah they should be hearing me know welcome again everybody to this week's brick talk I'm Randy that's the night that I is a licensed investment advisor I am NOT and while he's doing the show he's not acting as an advisor he's not acting as advisor role do not buy or sell anything we talk

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If you want to learn to do the things that you hear us talk about doing, grow, everymickle.com slash grow. The next grow is tomorrow. So if you want to get in and you want to if you still have time you do still have time you can book and you'll have time up until about the end of brick talk this evening tonight or really and truly tomorrow right um i think i've said it all and with that said I'll invite everybody who is listening to join us in a conversation I'd be really want to get in a conversation I know a lot of people oftentimes listening to us I said boy once I said I thought you'd want to know feel about something feel free to jump in on the conversation with us we are

more than welcome to hear what you have to say and this week we have a little theme I know usually I do a little I know usually I do a little a little prize around artwork this week has been a very busy week so I didn't have anything built into it but who knows maybe the person can come in and give us the best interpretation of this I'll give you a discount to grow. And it doesn't have to be tomorrow's grow. You can get a discount to the grow in October. But I'll make it clear,

I do not have any planned thing with this. I actually didn't even ask the artist what it was. I think he just went with the word falling and one brick shot of the edge. Who knows? So, but all that said, welcome to Brick brick talk send a speaking request and we'll talk about this or anything else that you want to talk about on the market as usual it has been an exciting week on the market as usual there indeed indeed boy there's a whole if you have anything you want you want to start off with than i um

i well let me tell them why i said falling short, by the way, because I did mention it in the blurb, but everybody may not see the blurb. The JC has been talking about shorting for, I don't know, when you started investing, Danai, seriously, and you seriously started

investing, what year was it? 2018. 2018. 2018. Were they talking about shorting then? Yes, I'm starting to talk about it. I think 2019 is probably reporting more than so. Yeah, 2019 2019 the two things i know the jc19 had a great money yeah the two things i'm always talking about is shorting and

um the the depository receipts you know the trade in u.s stocks on the local stock market that's the thing that you always hear from them um and i understand why the depository receipt one has been harder to do. In fact, I don't expect them to do that one anytime soon, actually, but who knows? Maybe Dr. Clark might free them. But the shorting, it seems is a lot closer. So I figure if anybody wants to talk about that, perfect evening to do it. We also have a little thing where almost it's like a little curse. The thing that's on the poster is almost never the thing that we end up talking about fully for the whole night.

But whoever knows, always send me speaking requests. We'll talk about this or whatever else you want on the market. And if it's about the sharting, I's it's a great thing to talk about i did the shorting workshop the jc actually had a shorting workshop this week where they had a gentleman out of britain his name is slipping me uh i want to say his name howard horton i thought it was an interesting session um interesting doesn't really tell you anything, right? But I mean, the gentleman obviously knows his stuff. He knows sharting. He understands derivatives and understands it from a core level. I think you'd actually have liked that session, didn't I?

No, no. I wish I went. I never blocked it out in time. Yeah, it was. I don't know if they'll have the recording of it. I know JC recorded it, but I don't know if they'll have the recording for sale of it. A lot of people were in there, I think almost 100 people I believe were in there and it was, I will not joke, it was technical. Technical good, it was technical. But technical good. It was technical. I mean, it was no grow, but grow is cut to fit for the Jamaican market. This was shorting in its true sense.

Like if you Google shorting, if you're watching a YouTube video on shorting, you'll hear a lot of the similar things. The guy really knew his stuff. I wish I could have a conversation with him. I actually had intended for the time to see if he would be open to come in and talking to us and talk about it. But it was good i thought you'd like it also because i think he's he i think he is a professor i think one of his qualifications is math something math related so you know how derivatives people that actually understand math properly

they're yeah in fact one of the richest one's one boy's name that has that fund um icon no man i can't phone man oh the the the thing that the the robot phone the guy has yeah yeah he doesn't talk yeah yeah i know what is his name is it something like royalty or revolution or something like that yeah that yeah i simmons jim simmons yes jim simmons jim simmons yeah jim said renaissance that's his Simmons Jim Simmons the math one billionaire Jim Simmons yes Jim Simmons Jim Simmons yeah Jim Simmons

Renaissance that's his word Renaissance yes I've heard Prince Simmons so that's why I'm running with that yeah

oh yes Renaissance that guy yeah that guy legend that guy's a legend boy yeah you know him serious

when he say thing when he say when he say when i'm saying i'm again kept the phone and you can't stay in there too long so yeah in there for your turn you have to wait a while before you come back in because the method that he uses takes time right yeah it takes time i'm setting there because it's always changing and then the reliability changes the moment they go over a certain number so you keep it at that number and i think i think that meaning you're talking about like the take so how do you simplify this i think this is not what happens but i'm gonna try think of it like him knowing

can make two cents off every ten dollars of course if he did that consistently he doesn't he isn't necessarily reporting that he's reporting, oh, you know, we made 200% profit. And of course, the second you do that, um, everybody rushes to, okay, well make 300% or 400%, but he's like, eh, you're coming in my fund. I have a way I can do it. I'm making 2 cents off every 10 of every $100 or every $10. Maybe I can make $0.05.

But I'm not promising that. And I think maybe that's another reason for the capping of the fund too. Good marketing. Keep me exclusive. Yeah, well, I was even thinking that. I was just thinking you lose so much when you have to handle different investors, right? The first person that comes with something that,

think about the reaction, maybe in our early days when we're talking about what's doing on what we're doing on the market like how people even to this day decide oh no i'm more long term i'm not short term like you guys even though we don't know right there at all they just decide on their own um imagine if he had to deal with that which he did because i didn't believe him imagine if he had to deal with that, which he did, because they didn't believe him. Oh,

definitely. Coming to the mat. Exactly. Then computer. And then, after a while, when it's work, and it's obvious that it's working,

it's obvious that money is being made. You're going to get those people come in. And suddenly you have a different set of people with different expectations, hitting you hard. and i think it's up to him to um up to them at his renaissance technologies but the fund is the medallion fund yeah yeah so anybody wanting to google it you should google that the medallion fund jim simon simon's renaissance technologies and he he's not he's not out Technologies and he's not out there talking. He's one of the

deadliest. I mean, you hear about quantitative investing, yada, yada, yada. And he's a little math teacher. Yeah. You know what I think of it like? When I was in high school

at Arden Bigot, Mr. McDonald, I remember we were learning probability in AdMath. I think it was AdMath. In my class, we were learning probability and he used a lottery example and he actually made us work out, you know, lotto.

And then we worked it out and we got the probability, but all I could feel, I looked at him like, wait, hold on. Why are you doing this? I don't think anybody else got it but then eventually i was thinking it and then he said it eventually i was like wait i'm and again guys i'm getting this number wrong but at the time this is a long time ago but at the time let's say it would cost you 25 million to buy every single permutation of the lotto and i'm like but there are times when the lotto is like 150 million right 200 million why wouldn't you just do and you know you know this

why would you just do it right but then of course guys teaching math at ireland i don't think he had 25 million in his pocket for the one but regardless like that's a guaranteed early the odds now but regardless like that's a guaranteed the odds know I think the odds are up to a billion no over a billion are terrible that's terrible like it cost so much to buy mm-hmm and yet it would work out it might but if I don't wanna I don't explain my thought of what it would work. If it would work, you would offer trash numbers. You have to get those.

Okay. So the guaranteed method is you buy every number and there's still some lotteries that the permutations are just still so low that it's still possible. Now, there are others like ours where I think they change it. They add one.

You have to get all Yeah man, that's a wide range for the amount of numbers and it's a good amount of things It's not a mass show Yeah, to the other day it's over a billion odd permutations if I remember correctly And then you have to buy that much tickets Exactly, but then like you're saying you can throw out some junk A good amount of numbers Yeah and then you buy that much ticket exactly but then like you're saying you can throw out some junk some junk i'll go down to numbers yeah it's like if you're really serious i can't check thing there you can check the past and sit in there you must if if it's a machine that does it

but the past so the machine doesn't change the past matters because it is you know again you can put a probability of you can probably put a probability of a number being returned. You can tell the probability of every single number in each slot that comes. And then you can probably put a likelihood that this is a machine. So the machine built a certain way. So you're doing that probability of certain things happening across a certain level.

But the machine... So if six... No, go ahead. Sorry. Go ahead. If your second number is six, so you can see how often six is tracked and then how often six was put out as a number for the lottery. So what you can do then is say,

all right, maybe my track, the basis for not having a number is that in this spot, the probability of it is way too high to not go. Yeah, but no, you're going to lose money there. Unless I're gonna lose money there unless i'm misunderstanding so like why i said the past don't matter is let's say for the past hundred lotto winners the the digit six has never appeared in the last i would use that i would use winners okay well because winners combination of the of each separate slot i won't use that only i won't use that only because winning combination does mean all right

so suppose the combination is your the whole thing right what i know across each lane there is so you have seven different slots and there's a 36 numbers that can be in that slot if i track every single draw every single local draw then i can see how often each number happens in each slot i can probably probably not a good one not a perfect one but based on the past of how often each number hits a slot but that's why i say in the past don't matter because let's say that the probability of the number six coming in the fifth slot is really low just based on the past data you've looked at but but the number six going in the fifth slot is in no way shape or form influenced by the past it's simply influenced

by what's happening in the machine right now. And the machine is by law required to be at a certain level of tolerance where randomness is as close as it can come to randomness is there. So what I'm doing with that is just a thing that is because it will cost so much

money to buy every single ticket. And then the payout is a billion. So how do you trash enough numbers? So I would, I would. I'm with you. And then the payout is a billion. So how do you trash enough numbers? So I would, I'm with you, you know. But what I start trashing things like five, five, five, five, five, five, five, right? Oh yeah, a very small amount of those. Exactly, still a small amount of that.

Where you get into now is the dangerous territory. I know you're actually playing the lottery because suppose you spend half a million or you spend 10 million and this is the time when six came in the fifth slot. Oh yeah, that's because

without that, I can't find a good mechanism to narrow it down. Yeah, well, yeah. If I cut the number in half, I'd spend 500 million plus. If it's a billion, it's too much money at the end of the day. If I cut it down to a number where I say, cool, I'm profitable. I just wouldn't do it for a lottery that has prevented it.

Or a lottery didn't always prevent it. I'd change it to ensure that it's prevented. Good thing there. Any more? Probably if you've won the lottery before. Yes. As I said, that's the thing I wanted to start was that there are places I think in America where,

you know, the States tend to do lotteries where it's made it illegal for you to do that. Oh yeah. And again, I'm just there, but there's a lot of billionaire. I think it's a lady. It's a billionaire lady. Well, she's rich off of, she's a lot of billionaire i think it's a lady it's a billionaire

lady but she's rich off of she won a couple of battles and that's her that's her thing she's super math person won a lotto and then she's basically started a company that they do the probabilities of and hunt battles across the world and her mechanism is of course very in-depth but she says how cool i'm going to that country to that lot of because yo if you have i can give if you have a company that does that your your low-hanging fruit is going to be every lottery around the world where the permutations are are doable below a certain price and so why i know that it's illegal some places is that i found it weird that why wouldn't you just change the the mechanism mechanism to make it different? But you know, some parts of America, I guess they're going to listen now,

we'll just make it illegal for you to buy every number. That's weird to make it illegal. I think I know a guy that did that. It's weird to make that illegal. It is weird to make something that illegal. I can buy 10,000, but I can't buy 10,001. Why? I don't think it's weird because how it becomes illegal is probably the same after you guys push for it. Yeah, but that's silly. Just change the permutations.

It's not that easy. The thing is, the way they get that is, if I buy everything. Oh, that's what you mean? Yeah. So you mean buying everything illegal?

That's what they've done, yeah. So if you won, and when they win, because remember, it's an electronic system. When you win, they check and see that Danai Hall won, but our system shows that Danai Hall also bought 1,787,000 tickets and he bought every permutation. I guess, I don't know, they lock you up. I'd have to go and research it. But I just found it has been made illegal some places. And I've always thought that's a weird thing to make illegal.

Oh yeah, I agree with the company. Just put it in a range where we can't read. that's a weird thing to make illegal just oh yeah i agree with the company just either put put in a range where then we can't read yeah we're just it just doesn't become mathematically possible i think i think they bother i think they're balancing it with the when you start doing that then you're probably the winners from thing that you might ask the odds of anybody that regular anybody that plays the game because they like the odds and I can't really do that.

If now the odds are so messed up to get the crowd out this guy then me with my one ticket a week,

now I'm a chance. Yeah, and so you have a long period of time where nobody wins, nobody wins,

but that's how you also get big jackpots, right? And then you get the excitement around it.

So I guess the good business is in finding the right middle ground where people don't win for long enough And then you get the excitement around it. So I guess the good business isn't fine in the right middle ground where people don't win for long enough, but it gets big enough. And then

that's where Superlotto went across the region. Because the Jamaican population alone wouldn't have been enough. Increase it to the whole Caribbean region. Welcome to Brick Talk brought to you by SVL. It was not brought to you by SVL at all.

The only person or the only element in that entire lottery thing that is a guaranteed winner is SVL. The host always wins. Damn. That's why the house right yeah so in august my first thought was when you said if you have all the money to do whatever i said let's buy stocks he's a figure probably the only thing there for a hundred million so i'll buy stocks yeah unless unless it's a thing where 10 million can give you every permutation of this game and the price is 50 million or even 15 million and then i have to figure out what's the cost of buying all 10 mil but the fact that that person the lady i was saying about the fact

she knows how much to buy and which tickets and which tickets she needs to buy to win enough money for profit. That's her whole gig. And she's still rich after that. She became super rich and then just kept becoming richer and richer and richer after that. She's probably looking at us like why buy stocks if she should actually probably buy the lottery company too

or buy into the lottery companies but we don't want to yeah i would do that if that was my game i would definitely buy it but then after but then you don't want that okay yeah yeah your problems out biting away you can't we can't influence it yeah in fact the last i don't know i would start that and you would you would become the man that everybody want to know what a man play yeah no come to brick top brought to you by what a man play um what's up sir lennox aldred i see you sent here speaker what's up, Sir Lennox Aldred? I see you sent here. Speaker, what's up? How are you doing? I am good. I am good, gents.

How are you doing? I do. No, Lennox, that's good. Yeah, man. Well, one of the things that I wanted to ask you guys about, and I'm not sure you're probably privy to what's happening or have some information, but the situation with CPGA here,

happening or have some information but the situation with cpj here with the delay in the the annual um financials and then that was like the 5th of september and then two days later a year so the the ceo god what's going on here let me help you out with something great just as previous yeah people tend to have that idea in in their mind and i don't like turn off the cameras and then you know we go to our market meeting where every stock on the market the board report to us we don't we don't we don't we know as much as you we know as what's in the public space um so we're not privy to anything it's funny that you link those two things though. Yes, they have delays in their annual report, the audited report for the year. I don't know

if that's in any way, shape or form linked to the new CEO or the old CEO leaving though. Yeah, well, I mean, two mean, two days after, man. That lookalike. Lookalike? No means away. I mean, I'm also courting the idea that it couldn't be related. But there's no way to really say. So let's not speculate into that, I guess.

I'll say keep it in mind. And if something comes up that makes you dig into that lean into that theory further then you work with it well you know where i lean in with this now i lean in and looking at the numbers they're probably not so good you know and the man the boss and say yo go on and go back where you come from you know you know what but when he leaves he'll leave two days after after what after them? After they delay the thing there. But when is the annual report? When is the annual report? October. October, they said. October 12th. No, when is it? When is the time period that it covers? That would have been the last quarter, no sir? Which ends when? That would have ended July?

June. June 30th. Yeah. So. And either September 5th. How you feel about it now? Why? Based on the episode, I don't think it's looking so good.

No, man. I don't know what the episode is. What's the episode? Well, that's the whole timeline of everything that's happening. But I just gave you a new dot for your timeline. Hold on. I just gave you a new dot for your timeline. The quarter that you're talking about, where the data ends, it ended June 30th. where the data ends is it ended june 30th and you're saying that you're thinking that maybe the data the the results of the company weren't good so then let them send him home two days before we don't see it we don't see it yet so no in fact they know they they notice posters same day as as the day his resignation letter went in yeah but you're tying it on them being close together but if you look at it the result the report that's coming out then is up to june that's two months after

the problem that's two months if there was a problem in that report they're firing he he leaves two months after the problem well i mean i don't know what's happening that's why i tried but i want i want you to be the same what i want you to do you know leonard yeah you're speculating to speculate yeah man speculate but speculate yeah speculate with the same level of thinking that you brought to go well maybe something wrong with the results cool now you know that if something is wrong with the company performance i don't think the guys didn't know i don't think the board didn't know until yeah like two over two months later i don't think the board didn't know until then i i'm under the impression that they know how, that they have a very good idea how to end the quarter on June 30th,

if not that July 1 or 2 or July 3rd, but not September. Yeah. Even before the quarter is done, you have an idea how it goes. Generally, what would cause for... No, man. Don't do that. Don't do that. Don't do that.

Continue along the exact same line that I'm thinking because if you see the fear something and then stop and it would go on top or something else what happened is that part of our minds keep the the frayed reaction and the market is filled with fear everything worried think about it Lennox what does CPj do for money how they make their money they make their money through distribution and wholesale food and them things to who everything well one of their biggest clients is the hotels okay we are who are the hotels clients

And who are the hotel's clients? Tourists, yeah. So it could be said in some way that the tourist footprint, the amount of tourists in the island, and the level of spend from the tourists in the island has some impact on CPJ's numbers, right? I'm hoping that it does. No, man. You have sense? what I just say

basically everybody else has done well no no Lennox Lennox follow the line that everybody else your Lennox avoid come growing a male male ready for you lennox a big discount you know if i fight come grow unless we do it free millions of money investing up but now i spend a little money i learn and it would help him with this you know but hold on lennox we're getting a small little slice help me out cpj you said that their biggest customers are the hotels right yeah and the hotels their customers are who the tourists and what cpj sells is food and other items beverages not just that but we'll keep it there to the hotels and hotels then use that food for the tourists right right so the more

tourists come to the island the more food them eat The more the hotels have to have more food, right? Yep Alright Up to the end of June 2022 Do you think that we had Strong tourism in Jamaica Or weak tourism? Very strong

So why do you think that CPJ would have a problem? Well, I mean I don't think the problem is with the numbers in terms of the business. Hold on. You know what you said five minutes ago? You said, boy, I think the numbers might be bad. Numbers. You see how once you start, go through it logically, you can't let go of that? Yeah.

Fear is the most dangerous thing on the market. It stops. Fear is a mind killer. It stops you from thinking about the thing that you know. You ask them and say, everybody else is doing well. When you say everybody else is doing well, who do you mean? Everybody else that's exposed to tourism? Pretty much like the other entities that benefit from tourism numbers being good

even x1 oh and i would blow blow no actually yes even x1 even x1 sure no i'm not sure um let me check can search back yeah i feel like i know what that does last result and point something out also guys if you're watching us on on youtube or if you're just listening on my money ja if you hit control k you can search for anything including your own portfolio your um lots of things x fund what are you saying Danai? Last quarter 71 million dollars What are you supposed to pay? You think so

Hotel company You think so, they used to be But they're not I haven't even checked in a while Are they still play exposed? No, but they're hotel exposed still Double three Really still play exposed? No, but the hotel exposed still. The one, double three

further. Really? Hotel revenue 1.8 billion in the second quarter versus 1.1 billion in the same period in 2021.

3.5 billion year to date which is in six months and the whole of last year was 4.4 billion. year to date which is in 6 months and the whole of last year was 4.4 billion so why are they making a loss hotel expenses 1.3 billion depreciation

they spend enough money on food it would look so yeah exactly hotel expenses probably include food right Lennox They spend enough money on food there, you know. Why? It would look so. So it's a hotel... Yeah, exactly. Hotel expenses probably include food, right, Lennox? Of course. It's one of them.

Yeah. So think of it in another way. Gas go up all the time. The gas station make money, right? So it's beneficial then to own a gas station even when things are rough when it comes to gas prices, right? So it's beneficial then to own a gas station, even when things are rough when it comes to gas prices, right?

That's right. So you really think that CPJ, I'm going to jump back to CPJ now, you really think that CPJ in the first quarter, CPJ made 1.6 million US in profit. CPJ made 1.6 million US in profit. CPJ, I think one of their best years,

2018 was a record year for tourism in Jamaica and the profit for all of 2018 was 2.1 billion. Million, sorry, 2.1 million US dollars. In the second quarter, CPJ's profit was 3.6 million US. Again, I don't think CPJ has ever made 3.5 million in profit, have they, in their history? And this is just within three months. And then January to March, they make another 1.6 million us in profit and then have the last quarter to report no are you think says suddenly it's bad

i don't well you see i was trying to fathom what could happen in terms of this situation with the ceo and all that and the delay in the filing i i was trying to put it together piece it come grow and you'll learn how to put these things together but i can tell you ultimately unless the ceo come out and talk and i doubt the ceo candidate in probably on the heavy end is and unless cpj's board comes out on top we might just not know i guess we just have to wait till october for now or go on then yeah but think but even in october you probably won't know well they said that i think they get they get an extension must still look well you're looking we are still looking at the results as if the results will show you what happens there. It could be something completely different.

Suppose nothing happened wrong with CPJ and this man gets a nice new job and he says, well, I'm out. I mean, Lennox, they're not going to tell us in the results. It's a possibility there's some great results for them not to tell you. And two, you might just not know. The results might not show the story you want to see.

And they'll be lost on that part. So what the story you want to see for the week to come so what do you actually want to see from CPJ? well I want the numbers to be decent and the sheer price what's decent? well listen they make the last quarter they make 1.something million US

that's nice for them to go back to the 2018 numbers again sir i am comparing three month numbers to one year numbers if they were to go back to 2018 numbers yeah that would be a fall you're looking at the best cpj you've ever seen ever which was 2018 no no no right no right no 2018 2019 you're looking at the best cpj you ever seen okay right now this year right now the first three quarters of this year is better than the one and the last one last year too the first three quarters of this year is better than the last but i would say the last five years combined definitely last four years combined last four years combined yeah at least the last four years combined and the last three is lost

i mean you can't check check it out yeah i hear a company you should be telling us i'm growing learning for them thing man man rather come on yeah yeah man why the girl girl girl too long man why you think that you think that i hear money yeah i can't i can make it very very short but you want it to be quick or you want it to be good well i want yeah yeah remember that time is money. Tell me this, Lennox. You ever hear anybody going? I mean, there's a short version. The one earlier this week was done over two evenings

for people who don't have the whole time. Also, I tell you this, I have ADHD. I couldn't watch anything if it was boring. I ensure that it's exciting. I ensure that there's enough. If you pay attention and you're serious, it's not just me droning on and you don't ever have any input.

Trust me. I was a good version for people who said, boy, I can't do the all-day thing, which I understand. I think about it. You can't explain everything in about three hours. You can't. No.

Millions and hundreds of millions on the't explain everything in about three hours. You can't. No. No, exactly. Millions and hundreds of millions on the market could be explained in three hours. Everybody would be multi-billionaires. You realize you're complaining about something that might cost you one day and then... He said time is money. And he's looking at the thing that would help him to manage his money and make more money with it. But he wants it quicker. You can't do quicker. You said it really good time is money so i spent

a whole day on this cause this is this this is my money well as you say just that we don't sit down for so long and let's not you know if we do it anybody can yeah if me do it anybody can do it trust me if we need you anybody can do it and that I said I see it it trust me let let us also get up and jump run on your living room or zero business I suspect I do want to pay attention you'll be engaged from the start to the finish well as our breaks it's not like there's no break. It's a break. Go to a macro view in one day

and after that, last for the rest of your life, money-wise. That's not a good investment of time? It is. That definitely would be a great investment. All right. But my attention span is very, very, very short. Lennox, if you're asking my teacher,

they might not want to have a show right now and show up every week. You know, pay attention. I'll lose you after 10 minutes. Definitely. Oh, gosh. Lennox, somebody DM me and say, like I tell, it's cricket. You don't pay attention. I'll lose you after 10 minutes. Definitely. Lennox, somebody DM me and say it's a lie you're telling because you watch Test Cricket. Say what?

It's a lie you're telling. You can't do it because you watch Test Cricket. Lennox. Yeah, because my affo watch it. My affo watch it because a lot of work. What's your money this? You don't work with the money? When you go into the market And work you know Trust me

You know it If it wasn't You would be asking about CPT right now Trust me One of them days I'm not going to do it man It's just that I'm not trying to work

All the best time man Yeah I'm sorry When the best time The time you make Which Which We're not doing anything

We're not going to run through All that with it You know better Yeah man When you Just find a date Find a date best time the time you make which which we're not going to run through all that with you you know better yeah man when you just finally plan a day you'll see the start of the month come on the girl come out and switch it is black out today then say i'm gonna use it yeah yeah and you know do the split grow the half yeah the split more split split more work with my schedule that's why i take this i'm talking blessings man though boy you make the money to you know let us say don't hurt me for you make more money no that's true man and that's why

imagine the conversation then when you understand more and boy yeah yeah yeah that's how you go muslim youtube said believe no man proven investments to purchase the money and skyrocket muscle what i say dreaming my dream man muscle click the link in the youtube bio in the youtube because i don't hear any such thing in fact that's how you're from interesting last year from proving that them said i'm scaling down them acquisitions for the next few years i wonder if you have any divestments to me that would be nice if that had a divestment to me yeah this would be the time of divestments. Lennox, big up and thank you for that. That was a question.

Tell me something else that you're looking at in the market other than CPT, you know? Wow. I don't know. The other day, I see Chris Berry did a tweet, I think, about one about one-on-one What did he tweet? Well, he did a tweet that said, boy some $3 argument

but I don't know You have to ask Chris that one yourself You never say tweet I don't always say all his tweets, you. What was the tweet saying? Well he was just saying that boy, like in a nutshell he must have no bother around to sell his shares to me because it might reach $3 by way way way. So how about that? How about the tweet? What about the tweet exactly?

Well I mean it it barely reached two dollars yeah so that's why sometimes they can't listen to but what it don't you know depends depending on the same for my input my my my my my decide it if him say it it must happen well I know you listen you're the one telling me I'm saying because here you are you listen to me see it so I mean Chris Berry Chris Berry is a man who knows

this thing so I mean at the end of the day him know this thing better than many actually

that's the point me and me so when he says something people will listen so that's

about him listening I'm not sure exactly what you're saying well as I said I don't

remember I don't even know if you could have found it. Yeah, man, I just found a tweet. What he said was, go tell your one-on-one too early. This one likely to break $3 by next week. And he said that September 1. And it didn't break $3.

It went as high as $2.50. But hear me, if a man say the same thing, this one... If a man say like it to break, or me will buy it from you, likely. This thing might have

200% in it next week. And instead, only give only 150% profit. Most people don't take that still. But you're complaining. Most people are going for that. Yeah. Remember I said a one-on-one. Even at that time, I also remember that one-on-one had a little... They had a little... Not one-on-one even at that time i also remember that one-on-one had a little um they had a little

not one-on-one but there was jc glitch but the jc said it wasn't a glitch so i'm trying to figure out what to call it but there was um trading that many people experienced on uh a few days into the one-on-one thing. But one-on-one itself, I mean, one-on-one itself, okay. $1, 80% profit if you bought it. Yeah. Yeah.

Most people would take that. Most people would take that. It's so funny. The Jamaican public, that wasn't getting even half a percent in their savings account for the last 10 years. Look down on 80% profit in three weeks. See the IPO, they've spoiled them. Yeah, yeah, yeah.

They've spoiled themselves. Yeah, it's us. It's not them, it's us. It's us. We are the people in the market. IPO again or something. And the them with the whole heap of money now get the unit well man that's how you now get unity one but there's a way you have to approach the um the market it is what it is that's the ipo But money that was for money in the IPO. A million dollars only to get 10,000 units and all that.

It is what it is. That's the IPO. It means that if you have your millions of units and you keep doing this and it doesn't really work out, then I can't blame them. In fact, I can't blame them from the start.

But if you see this, Randy from say from before you know so they went to one on one did you think you could put a million dollars in it and get and get how much did I get how much was expecting to get nowhere near to that so and and it is actually a sad trend I'm going forward with all these IPOs? No. Sad trend, why?

It seems to be the norm now. What's sad? What's the sad part? That you're not able to get the amount. It's so nice. It's a boy Lennox. It's so nice. You expect to be able to.

It's not a sad thing. It is what it is. But you used to could have done that. No, sir. Yeah. For one, definitely. No, no, it is what it is. But you used to do that? No sir. Yeah. For one, definitely. No, no, no, you're right.

No. It depends how far back ago you were used to. Yeah man, you used to do that. Like when you were accessing the same thing there. For the last five years, a million dollars, go in. How much would you name a million dollars could go in? You apply that million dollars and get everything. I don't know how far back you'd go for probably. I'm saying for the last five years.

I don't think any. Well, none. That's the answer. Not one. Yeah, none. None. You wouldn't get all of it. Not all of it.

And you wouldn't even get a large allocation i think the largest what's the largest allocation recently in maybe in the last five years um sos with them with them thing there it's always with the 200 000 or something like that what's the allocation i think i think in fesco would it 40 would it fesco the 40 percent yeah yeah if you go to that thing if you go know yeah definitely a pro today yeah you put a million in fiscal you don't get 400 cables and Fesco everybody love Fesco no but if you're not suffering from recency bias the second most interesting on the market you remember that Fesco was wasn't really looked at that greatly when it IPO'd. It stagnated for a long, long, long, long, long, long time. And then it kind of started to pick up.

And then it flew. It worked. Yeah. A lot of people got in after it IPO'd, so they don't know. But, yeah, it wasn't that great. Great. It didn't hit three three hundred percent did it I think it did actually you know what I first yeah well they that we did the same here yes what took a good months You know the 400,000 man, you will take that man, 300% after that, take that and run. But you see what the problem is?

You know what happened? We're talking at the same point now that one-on-one is, because in fact, Fesco, Fesco, they make more money. How long since one-on-one this? How long now? About, I don't think they've gone a month yet. They've gone a month? September 1, 23 days. how long now about i'm going i'm not thinking i'm going to amount it i'm going to month september 1 23 days 23 days 23 days of a first place you see the price you probably get a lower percentage your return will be lower than thing then than one and one after 23 days how much much stress could go to after 23 days? From April 22nd So Looking at what?

30 days 23 May 15th They started at $1, right? That's the thinking But no, they did not So it's May 17th They're at 108

108 Yeah so that's what You don't make more money on 101 than fiscal You don't make more percent to return on 101 than fiscal 35% 23 days from an IPO that's blasphemy People were vexed It was considered a failure

It was considered lame Yeah Wow Recency bias Consider it man The market is more than just IPOs More than just one One month

And it's not just for you, everybody I have said When I say it again that the greatest money on the market now is not found in ipos as a retail investor it's not going to be found in ipos however there is a strategy for ipos that make you money but the strategy is not to call your money and buy into the ip. Unless you have a reserve class, that won't work. And the strategy is also not well. It's not to go and try and get a reserve class. That won't

help either. Ask the one on the other side. Brother, it's so comical, the idea that no, because I can't to get the amount I want in an IPO, I'm going to hunt for the ability to get into it it could just acting like the market though exists and then doing that and you're

actually you're forgetting everything the thing that goes up in between whatever ipo and you're going to try to tie your hopes and all your money into us into an ipo you don't know when coming or anything like that come on if your goal is not that you you always hear it everybody that with that ipo only mentality they more a lot more than just the ipo such that you always hear it everybody that with that ipo only mentality they more a lot more than just the ipo certificate you can give them so i need to make this very targeted return it's very short amount of time and i'm hoping an ipo comes up i don't know which one i don't know when i don't know you know about it but it's enough money to make it's a very short time and maybe the ipo drop from the sky but to be

frank those gentlemen it's the easiest way to make some serious money though you know no it's a very short time and maybe i put you from the sky but to be frank gentlemen it's the easiest way to make some serious money you know no it's not no sir if you can get the units you hear that problem we hear that problem we hear that probably not if you can get the units and you can't when the biggest problem is getting units yeah you strike you're not buying first day second day by not three dollars oh seven weeks falling you're not you're not buying first day second day buying at three dollars oh seven weeks falling you're not you're not even getting the reserve class so guess what you don't know nobody there so five thousand dollars so you have one million you have one million dollars you get five thousand allocation and they're freeing their money every single morning hoping to get you get

two and some units and you're the guy that buys at four. And you're not going to buy at four. That's what you say. And you're not going to buy at three either. So no, it's not the easiest way to make money. Yeah. Because I don't know, anybody reads me into making the money then go out there to get.

Yeah. The people who are making money in IPOs now, meaning the people who are making money, the regular retail investors who are making money from IPOs now on the market, they're not making it by using the typical strategy. As I said, there are strategies that can get you that money. You have to actually use those strategies.

You have to understand the market and get to it. And I don't mean the no circuit breaker and buy at the latest i know it was an amazing threat big up top striker shan but reading the thread does not make you a top striker and you cannot follow her shoes like that she never got where she was by doing that so they actually require work is not easy. It's simple, but it's not easy. It's not final to what you do. Trust me, there is no one way in fact that we're suffering from. The fact that

everybody decided there was a way, and it used to work, and why do you think they're bothering? You're saying it's a sad thing that happened. The market is the market. This was expected to happen. In fact, if you check what we've been saying that one day this will happen, here we are. Boy, when you were saying how great it is, I think that we can apply to an IP,

there's a lot of units and a lot of people came to tell us, one day you won't be able to do that. We say, yeah, we agree. So do it while you can. And now it's gone. You can't do it anymore you can i know it's gone you can't do it anymore and it will probably never come back i hope it never comes back it should never come back what we have now is better it's a better system it's better for us better for us better for the market don't ignore the market ipo is a nice godsend and you can make certain levels of money

around it if you do it right yeah man the thing i used to do in the past the thing about the money scrape up every single dollar i have that's not happening anymore i want to say a large ipo what they look like now that's the one to see a good a large good one but then you're gonna have to put a lot of time in knowing no easy putting out the money so guess what yeah yeah money is time right time is money that's what you say but no i don't require a lot of time like i mean time put out a time to time into the world all the research and to depends on you want to do this if you want a lot of this then put in a lot if the money you want to make if you're going to treat the market like a side hustle then actually treat it like a status then expect side hustle if you look at it and there's a little thing I do on the side

and I'm not really, I don't want to pay attention to it, then there's no way in hell you're talking about 100% a year. Puts in a sports term. With you, Lennox, I put in a sports term. You know sports some way back then. You remember or you'd have read about when I think Germany in football,

you remember when they changed football by, I think it was, when they remember when they changed football by, I think it was when they got 3-4-3? They played that almost slow, boring look of football. Yeah. 1990, when they won one-lock against Argentina. But it worked, right? And then as a result, what happened after that?

Everybody kind of had to adjust right yeah i mean it gets results exactly the adjusted strategy worked and then everybody had to adjust their strategy to get to it and then when everybody adjusted their strategy strategy had to change again then brazil got tiki taka and then people kill tiki-taka and then you can't do tiki-taka anymore. Brazil never go, well, tiki-taka don't work so football should be stopped. No, that's a game changer. We're playing. Find a new formula.

There we go. And I'm telling you as a fact that there are new strategies that work for an IPO. For a regular investor, not a multimillionaire. For a regular, normal retail investor, there are strategies that work for an IPO. For a regular investor, not a multimillionaire. For a regular, normal retail investor, there are strategies that work, but you actually have to do them. And I can tell you what,

the strategy is not. The strategy is not me hearing this from a virgin on WhatsApp or blah, blah, blah. It is going to require a little bit more work, but what you can do, put in a little bit of work

and you actually see money coming out of it if you've gotten it and more than that i approve that's everything i say you take more time you take more time to get certain do the research around the market that's okay so if you want if it can't be complaining about more time and the level of time and what the level of time that you're doing now isn't getting what you want then you can't fix that you're not getting more out of it if you and anybody not willing to put more into it and the truth is maybe that's why we've been stretching i've been pushing the grouting all night because yeah that if you know if you might not understand the level of time you actually need

to do the things that you actually need to do. Because I feel like, to me, there seems to be a gap in you knowing what needs to be done. That's true. Yeah, and people tend to... You might be using the time wrong. Yeah, people overestimate how much time it takes and how hard it is. It is not as hard as people think and it doesn't take as much time as people think. Oftentimes, it's literally just...

I mean, you're doing already and for at least in my experience for most people it actually allows them to work less hard. Easier because now instead of trying 15 different things you know the two things that work and you only have to concentrate on those two things. Actually, but it doesn't seem that way at first just like oh imagine every time the boring every time you take me up to a dca and you do your thing that randy show you and then you do whatever whatever all them have ncf and

then all them looking different and then you must now decide say they think if you don't know where exactly the thing if you don't know exactly what you're looking for from what you're doing then you have a problem already yeah man so yeah so maybe not the time is a problem if i most times i hear people said time is a problem time is not a problem that's because that's that's how it is most times i hear that i check it and then boy either i'm doing the wrong thing or I'm just not putting in the time. Yeah. Well, Lennox, big up. I like that you're still in the market.

I like that you're obviously making money. And just like you, I'm excited to see what the next earnings season brings, including CPJ's result. And I suspect that if CPJ is exciting in the next few weeks, nobody's going to remember that the guy used to work there. In fact, I find that people don't even know that the guy used to work there.

I don't find that news has spoken a lot. I mean, they've changed a couple of CEOs recently. Maybe Mark Hart is easy to work with. Well, it's Mark Hart's company, so it's for them to work with him, not the other way around, right?

Well, that's true. But, I mean, you know, you have some boss where, you know... Yeah, but the game is... Oh, okay. But you've seen it work. You've seen the last three quarters. Yeah. Obviously, what they're doing is great.

And after that was Mark Hart. Yeah. So... so that was my card yeah so don't think they impact investors are decisions do what's that I'm like like you know senior management come on go you know then turn turn over quick how did it make you feel it was it was a little it never feel good cuz it almost feel like When I looked at it I said boy Them money

Two CEOs gone In no time So my answer is yes My answer is yes Because you an investor Are being impacted Though If you feel a way about it

Very likely A lot of people Feel a way about it And you probably Should check What's going on there On XYZ But

Don't decide That the thing you feel away about isn't something that other people aren't looking at and feeling a certain way about it's not a good look but then again if the numbers them great I mean how you analyze that

because not a good look is just we don't really know what's going on up to now. Exactly. We very likely won't hear about it. So we don't know why the guy left. Yeah. So the numbers could be great and whatever he's leaving for has nothing to do with whatever's going on with the numbers.

Yeah. Could be that. But these things influence investors' decisions sometimes. Yeah, definitely. If you ask how you feel about it it. So yeah, it influences. If I am an investor and I'm influenced by it, then very likely, right,

somebody else will have the same thoughts. So yes, it influences investor decisions. Good, bad, or whatever it is. But the same thing Randy started with. That is fair. We have no reason for whatever. We're just tying up two

different things with we don't the things are related but we see this as a news and this as a news and i'm going to decide how i feel about them being something related when you don't know that they are maybe so again it could be too much investors why i'm afraid and start jump out and then cpg coming great results and then big up the guy and say what he did right before he left. What he did was to continue because whatever system is in place now. So we'll just say that.

Well, we'll just have to watch and see you, gents. We'll be watching along with you when you make the money you come to. It grew up. Tomorrow I split ours at a long one it is it is the full one it is the full one so take the time see if you can if you can if you can sit through it call me in and participate and i suspect you'll make it through well try it and see try it and see or not it's there um the next split one is in october it is october october uh

25th and 26 that's the next split one and it's on the site now so if you want you can pick that one yeah man i think never work with that one because i have some something from work tomorrow i can't hold it all right no problem all right all right big up lennox and um yeah bless up all right i know somebody else was waiting and i guess them get tired of waiting so them them jump off guys if you don't mind we're going to give you the same level of conversation here everybody else so if you can wait wait if you jumped off and you want to jump back on send back the speaking request i will talk and in the meantime we have the man from japan himself sir pickles well gone sir pickles let's go boss let me load it same time because you know that how

how was it how was it there sir i slipped bro, I'm tired I wake up on here I want to talk about them kids I don't know what Mind to talk about making billions But them kids don't know what to test I don't like that I saw a couple of the questions At the AGM, I was watching

It was 12 in the morning for me. That's because AGM was today, right? Yes. Okay. I saw a couple of things that were already in the prospectus. They reiterated that in their report. us they reiterated that in their report they discard I think that's correct around some other thing I know it's to the stated stuff which I don't expect them to give away everything but mr. mr. mr. Superman so for me man I was dying just dying um but yes I will do there what did he do there?

He asked a question and then he wasn't satisfied with something and then he said, I'm very disappointed in the U-Jump. My first one, very disappointed. I don't know what exactly. What was the disappointment coming from? I don't know. I couldn't tell.

He asked about the impairment loss. What happened for the big jump in impairment loss against a turnover of 10 million? And then blah, blah. Anyway, I see they confirmed they're acquiring assets and not actual company for the quarter. They said they're not acquiring actual companies? No, they said they're not applying actual companies i know they said they are acquiring assets that's right what do you say they're they said they're

not acquiring companies that's what they said what they said was that's right thank you sir they said they acquired assets they didn't explicitly say a company or an old particular um yet so assets can be interpreted in many ways so they left it there for us to i guess put dots together i mean a company's honor it was a bit more than that but i i haven't watched it more than sort of the basic character to the level but i i'm sure what i saw which is in this same place you will like this side and a bit more than that you remember the exact words that were said, Bigelow? Exact words? The only words you remember was our fiscal.

Only words I remember? He said assets, they're looking to acquire assets, and they spent a lot of time on property plants. I think that's what I remember. I just spent a lot of time on property, plant and anything. I think that's what I remember. But I didn't hear anything from what I remember because I lost feed on the clip as well at one point. So I was having fun with the live stream. So what were the assets towards? I think people listening might not even know.

What were the assets that they're acquiring? What assets are they acquiring? The assets they're acquiring, what the assets towards? I think people listening might not even know. What were the assets that they're acquiring? What assets are they acquiring? The assets they're acquiring, what is it towards? Oh, to LPG. Ah. To go to LPG market. My moment was when the agent, my job partner, and I hear somebody saying, in the prospectus,

we spoke about cooking gas going in that direction and we have to get to hear anything about that i must say wow what did i think lbg is it was it was right after they were explaining that yeah but we're going into the cooking gas thing to lpg next year exactly so yeah man say and you say oh price of cooking yes yes what is it now i'm going to lose money you say the price of gas gone up same me they convinced him to buy his 30 whatever cylinder and yeah and it would be cheaper but no it's more expensive so i don't want you guys to go there and lose money we are saying why they would make money right he said petco come on said it was gonna make it

cheaper and it's more expensive now so i guess i guess you don't understand when you don't understand business the hell of a thing people often think that you have to understand something i i used to tie two points together. One, Fesco don't control the price of propane or any other gas. They don't control it. The price of oil on the world market affects them just like it affects all of us. They put a markup on top of it, right? And they're very clear about that cost. Their control where their control comes in after the gross profit, gross profit down.

Meaning if the gas costs $100 a barrel, they might have to pay $100 a barrel. And then their business starts at $101 or whatever they put on top. And the second point I was going to say is something that a lot of people tend not to know also. point I was going to say, something that a lot of people tend not to know also. Going to an, maybe I shouldn't say, I was going to say that going to an AGM and asking the company what they're doing about their share price is near ineffective, is what I was going to say, but I don't believe that's 100% true. But a lot of people don't realize that most companies and most of the people running companies don't know about their

share price, don't know about their share price, don't care about their share price. They don't give a damn about the share price. They might learn what it is before they're going to meet in case somebody asks about it, but they don't know. That's not fundamentally important to them. But as I say, I'm taking it back, that last point, because a company, in my view, one, should care about its share price. And they should definitely know about it and they should care about the things that affect their share price. But most companies now don't care about the things that affect their share price. Going back to the LPG point, though, and business, if you're going to enter a new market, the best time to enter the new market is when the product or service that is sold in that market is on a downturn in price because it means that the established players in that market that have built their business up around a certain price level and a certain level of profit are now making less than they usually do.

And if you enter at that point they are now also having to deal with competition and if you are listed and your competitors are not listed you also can do all sorts of things to affect them because you have a bigger war chest than they do because you have the war chest of the market so i would want fesco to go into LPG And anything new that they think they need to go into Nice That's break on cash Especially if it's a market That they can press

In my dream world Them going LPG Them going other Other gas In the market They're a pressure Pressure mass to list Gaspro, spin-off Gaspro.

That would be my perfect word. They pressure them, and so Gaspro go, hmm, well, we have a list, too. And then Gaspro, and then, well, we've heard that, I keep thinking Republic, but Republic not coming yet. Well, what's the gas, the other RPL that's I think

Republic. Regency. Regency I've heard is expected to list soon so that's in the gas market the liquid gas the LPG market I believe and also I think the petroleum market so that's not a bad sign in my view I struggle to understand what people have problems with now because all I'm hearing is good things

I'm not sure what there is to complain about there are really I was looking at the possibility like he's complaining about the gas press the the cylinder press he's known has gone higher to say in my head so that's good for the consumer i guess i guess in in that regard I guess in that regard. But he's at Spesco's thing there.

Well, for him, well, yeah, I understand that. But in terms of the command man trying to, I guess, you know, cook him food and if he's doing a certain thing. It has nothing to do with an AGM reason. Well, hold on. Think about it from a business perspective, though. I know you're not the one who said it, Dre. So, I mean, we're speaking through you.

But think about it from a business perspective. The cylinder price is what has gone up. So that means for the common man or woman cooking or using it, they have to pay more for the cylinder, right? Mm-hmm. Correct, correct, correct. The company that comes along and maybe offers you the cylinder for free, that company would be very attractive, right? Indeed.

Yes. Fesco, cut the check. Can you imagine their competitors if Fesco suddenly cuts out the... We have a cylinder cost, and if the general cylinder cost is five grand, our cylinder cost is three grand. And we can cut the cylinder cost zero if you sign a contract with us that... We get a new one every

three months or every six months or something. That's crazy. And look at them that within that's what accounts look like think about that because they buy

all the cylinders now and all they go just and it's frozen can you hear us Randy? I can hear you guys clearly but I see that it's

giving me some problems yeah YouTube is doing the same weird thing yeah but I was looking at things there they buy all the they were buying But I was looking at the thing there. They were buying all the assets, no?

If they think they're... If they buy all of them, no. And really, the only moving part there is that they're just in and out. The cylinders will be coming in and out on a longer basis. We consider them sales, right? And you give them the cylinder price, everything, whatever.

You're locking the cylinder costs? That's genius. You're locking the cylinder costs and you think they're... And if you... Anything you give them the cylinder price everything whatever you're locking the cylinder cars that's genius they'll be locking the scene of course and you think they're and you're doing it and if you anything you give out free though the first of our free or the lower promotion will be scaled across the whole across the whole seeing the fleet fleet is not over it but whatever collection i'm saying does it get now so it wouldn't be you wouldn't be it wouldn't like you'd be spiking you make it because got a new cylinder One time When you're selling

A markup one time You got a cylinder All your cylinders Come in one time And say for three months All the ones that go out there Are free For the promotion

Of what you're doing Or you could Or they're They're a lower cost You can make a lot Because you're really Making money If you choose to make money

Off the LPG Versus the cylinders You don't give a damn about the cylinders too much right if if they if they use like a different top so that you know there's a different model yeah then you're good you and if it looks different you do a different top so it looks different it works for your thing and it's free a markup on gas could be a markup on gas could be a little bit higher than everybody else they know because my cylinder cost isn't here exactly they know the gas game already they know the more competitive i i'm thinking it's a more competitive

gas game too they're coming from the they're coming from the side of the gas game where it's cut through one percent half a percent margin yeah yeah you have to make sure your price balance out right how much can i compete with that imagine you had no control on gas price you know you had no control on say you're just say work with texaco you're not in the you knowesco, so he's not your gas selling. He's not your gas buying. I was thinking Texaco gas. And the Fesco man knows that in him ring, he can drop

prices to a certain level because this is what he's working on. But you under-ruled him. I think he's a guy with Beechwood and he's getting a hard knock just because of Fesco under-ruling him now. And he's getting a hard knock Just because of Fesco And the road he didn't know And him It's

It's easier for Texaco Than him To put that level of control In there Him care Unless Unless him Whatever ties

To worry about This is just If he's alone And he doesn't buy gas From X And he sells And he was an old nigga On this very busy road

And I was making A bag of gas Come and get a scan cheap And now Fesco walking and doing the same thing and him can't they might support that all the money he is getting pressure basically it's the first beach would die right yeah you think anybody passed fesco beach would and go down to the old beachwood i think people might still do it but here what people are it No no Somebody said Somebody was talking to me Yesterday actually And said

Him stop go Because whatever But what him used to do If Fesco not full Him go Fesco But him not go sit on the line That always there Here the clinch

So the only time Go on the thing there Does he own Fesco shares Yes And him still go Another gas station Yeah I'd have to actually Check him stats. I suspect he won't actually do that.

I believe him. I believe him. It might be one of those things where... Because the caveat was Fesco made him sit down for too long. Ah. Because of the outside B2O thing there. it's only if it's cutting it so you say him saying let me try again but they used to do was and go outside if no you can't go inside the gas station and i'm good if you're wrong but here's the dangerous thing though i am under the impression that fesco knows that so they met them people move hey bro i've never is it ever going to be so far in a minute

yeah let me see them the guys actually calling me out of this line to pull me down say oh come free i'm sorry a minute yeah and there's why is guess something that's something now anyway why is guess something that's accommodating when we're on business yeah yeah and enough big for the card machine is the card machine is always working if the card is not working it means that the entire network don't yet you know how much i don't know if we said it once on our earnings season episode that whoever comes to our gas station and simply always have the card machine working i think yesterday yes look at fesco

damn and adrian taylor on youtube say I only buy Fesco since I bought shares Does it make sense? It makes sense Is your gas station It makes sense It's the only place I can get something back from it And I believe that they said recently how many

shareholders they have I want to say 9,000. I could be wrong. I might be thinking of something else. I may be thinking of another company. I think it might be 4,000 something, if not 9,000. But regardless. Regardless. But regardless, I think there's a built-in bias now for... Yep.

Yeah. If you're an investor or whatever, if it's a CFS, yes. I think it's definitely there. I don't think they said it here but okay regardless couple thousand well and they're biased towards a specific gas station like for me I always hear people talk about you don't only buy gas

at Shell or only buy gas at Ray for years for me I never gave a damn I only buy 87 because I'm not trying to put I don't have a vehicle that needed 90 and I buy it where I need it or where it's cheap second fiscal come on the market first call on but I don't look at the price it's just which first cake because I also get I also expect

that the price is cheap his first call mm-hmm imagine and then people are going to the LPG market and lpg is down lpg is done propane is done from the start of the year only two things really down in jamaica from um from petrol jam from the start of the year propane and butane everything else is up to the tune of either single or double digits and everything else, Fesco sell. The HFO, I think, what do you call it? High fuel oil or something like that,

heavy fuel oil is the only thing that's up slightly, 2. odd percent and heavy fuel oil is a side effect that is asphalt and Fesco sell that too damn yo remember a couple months ago and we hear that this company must fail remember brother that's a funny guy so i mean was it one guy I mean Was it one guy? We got a lot of Fesco I think it was a Faze

It was a goal So Dre, what else you like Outside of Fesco? I always have to ask that I realise you like Fesco I'm not in it But I like SVL So I saw that

You don't like it that much no you can read that you tell me something you really like something you're willing to buy are you about already we really like what do you mean i want i want i want to go into it hey so you say like something else more because they drive orders in other things right no i'm only in three stocks the three of those three stocks you like them more than sv man down to three you know you know britta every every month enough more come off yeah so yeah coming from if you get more money if you get more money now you're going to

have more you have more stocks imagine going back up why no i don't imagine going back up your whole problem for months was why

i have too much so why are you waiting there yeah because and then if i had if i had stuck to one i would have been you know

astronomical i would be i would probably be a doctor field right now but you know getting to that and then if I had stuck to one, I would have been in a astronomical I would probably be a Dr. Phil right now but we're not getting to that If you stuck to one, fuck I'm stuck here, I'll be a Dr. Phil That's good So you're choosing SVL outside, if you get money tomorrow

because you don't have it because you don't have a dry powder If I get dry powder, you're not pod I not buy any other tree you're buying a sphere and I buy a sphere because I like three ah hmm I say messes are sweet we'll be making the same amount of we'll be making more money on buying one of the things you have now than buying svl in the same time that is that is it that is it you don't decide that before you before you decide to buy it just buy it that's crazy i need to yeah but I like I like the

what I like is real because you asked me why I like it so I can answer the question

sure I love it because um the although although Randy had

said something wait let me finish down just jump Randy had said something let me finish Randy had spoken about but they actually came out and said they wanted to be recognized as a fintech company when did they say that?

when did they say that? does it last? it's an article from the Green Observer stating that When did I say that? That's the last. That's our article. From the Green Observer, stating that they want to be seen as a regional... I don't want to misquote you because you guys obviously are going to be accurate when you speak. Hold on.

Let's double check here. Let's double check here I think it was March No, no, no Where is it? It was a recent article that I saw I can't remember right now I saw the article this week Posted in a particular

Group And there's a saying that talks about They want to increase their It's one of those I want to look at some of the posts The wording of what you're trying to say is important And you want At least for me what I want to know is

If Did they say it or was it said in the article that's two different things you know meeting that sorry you said i want to be seen as a fintech company s feel deeply in financial presence. Wait a second. Supreme French deep in technology and investment

space. That article. Yeah. I see it. I'm saying chaos. I see it. I see it. Boom. He's looking to expand his platform to his financial technology subsidiary.

So hold on. Supreme Ventures. Boom. Let me see. Let me make sure we're not talking crap. You could have gone Supreme Ventures. On my money, J.A. It should be there. Let's see what happens deepens yeah three days ago right here so much simpler could have been um

remember the resources i have at my disposal you should sir uh no you said that that they want to be seen. I can find it now. He tells it. Find it now and tell it. You said the average person sees as well as a lot of company. We don't see as well that way. We see as well as a transaction platform with lots of bolted on.

Basically, what the shareholders will see systematically over the increments of six months to a year is where we'll be bolting on additional businesses onto that transaction platform, stated Executive Chairman of the SVL, Gary Peart. Gary or Gary? Gary Peart. Is this the same article? Why can't I find what you're reading in there? Is it the same article, Peter?

No, no, no. No, no, no. are the same as the computers deepening financial presence from observing different that's how it sounds like different as today deepening financial presence. It's like an older one. Ah. I was right. This is from, who is it from? I'm trying to see.

As in, what are you reading it on? It don't have it up top? Brother. This is by David Rose. So it's probably Observer. David writes for the Observer. So it's probably Observer. David writes for the Observer. So let's see.

I'm surprised. David, the Pop-Up Community already know him. As much as you write, you know them all. Again, I'm going to ask you, what's the title of what you're reading? Dre? Oh, that's a good i just i just closed the whole thing well that'd be so easy.

Yeah, man. You can also share it to Twitter with the hashtag BrickTalk so everybody can see it. Or you can share it to me and then I will have to go through the trouble of sharing it with everybody on Twitter so that they can see it in time. Because I'm sure a lot of people care about SVL or are interested in SVL. Just a little bit of a big talk. Hashtag. We are focused on the strategic imperatives currently underway,

and we have also invested in KEO. It's an action that is independent of the general fintech development we are always looking at lucrative opportunities to expand our business you know what a lot of times you hear dan and i talk and we hear reference things from the old earning seasons um podcast episodes you guys want to see those episodes you go earnings seasonpodcast.com and there are a lot of things there for you, right? A lot of things. Everything from episode one to now is there for you. Now,

one of the things that we do a lot is that we reference those things on it. I'm pointing that out because I want to reference this point in the future. I don't know if we've mentioned, I don't know, have we ever mentioned Kio on this? Kio, yeah, we have mentioned Kio. We have on Brick Talk. Brick Talk, yeah, man. Yeah, man. Tapwell came in one week and had us looking.

Ah, yeah, no, he asked about it. Yes, yes. And I remember thinking, I do not want to talk about this publicly, bro. Why are you bringing this up? But as much as I might not want to talk about something, people talk about it. Randy, you're breaking up. You're breaking up. I don't know if it's me.

I don't know. Is it you, Randy? You can't hear me clearly? Yeah. Yeah. I can't hear you clearly, no. I'll wait a couple seconds. It's annoying because I can't hear you clearly now I'll wait a couple seconds it's annoying because I can't hear you guys very very clearly

how about the guys on YouTube can you hear me fine It takes a couple of seconds for YouTube. So YouTube tells me that they can hear me. If I'm done, I can hear me. No? No. Oh, you're not. Still breaking up.

All right. I understand. Hold on. You're getting a bit... See, I posted is in the Drum baton there In the screen Give me three minutes of water. Can you guys hear me again? Biggles, can you hear me? Hmm.

That is... Okay, thank you. I see Dana had to jump, get up for a second. You say you shared it with the Brick Talk tag? Okay. I posted it in the... Okay.

I will also share that tweet with everybody okay svl deepening financial presence first let me so if you're in the brick talk space on twitter you should see it shared there because i just shared it to the space and um and and and I will also bring it up so that everybody else can see it as we go through it but finish your point around it I want to hear what you're thinking and then I'll have my points right I was in a weird one

that we had again that they had actually stopped scratchers uh um based on what David is saying here that stopped then they plan to reintroduce it um but the fact that they don't want to be seen as a fintech would mean with all with the platform they already have and the synergies and the partnerships um i think i think i would learn you can get to learn subscriptions and you can apply for learn stuff through their svl machines at the svl machines and a lot of dispatchers you have the k-manus as well which is the back the gaming machines that's again like you can actually pay for learn i mean eddy focal like people can pay for learn, I mean, Edifocal, like, people can pay for Edifocal. For the kids.

At the SVL machines. Of course, there's still some credit there. Other things, just the whole seems that it is, although you have hinted at it, it is actually coming, things are coming

into fruition, and it's becoming more clear. So, things are coming into friction so it looks like and of course they literally said they are going to add more stuff to their already established platform in terms of

finance so they can be seen as a fintech company as opposed to a lottery in terms of finance, so they can be seen as a fintech company, as opposed to a lottery, known as a lottery company. So image and perception is important to people. So, I mean... Wait a second. Wait. Sorry, I missed that.

What? They say they want to be seen that way? Yes. As a what? Fintech Company As opposed to a lottery company Say the actual line

Now that you have the article Say the actual line I'm not lying Where did I say that? It's at the start of the article I think I I think from the very start he says, and I'm quoting, Don't use the platform and digital presence to its financial technology subsidiary Supreme Ventures FinTech Ltd. which would include bill payments, loans and other financial services. So no, the very first line I think is what you're talking about, where he says after

that, the average person sees SVL as a lottery company. We don't see SVL that way. We see SVL as a transactional platform with lottery bolted on. And basically what it shows, we see systematically over the increments of six months to a year is we'll be bolting on additional businesses onto that transaction platform. Six months to a year. When did he say that? After they recently had AGM withdrawal. Simplicity.

This article is from June, the middle of June. I can't see the date on my team. I'm telling you, June 16th is the middle of June I'm telling you June 16th is the date of this article and I assume that maybe that a conversation a week or two before or even a day before it doesn't matter that's maybe roughly three months ago yeah okay so if he says six months to a year you see an additional business is bolted on And he said three months ago. So I would be accurate now saying three months to a year, right? Three to nine months.

Three to nine months. Three to nine months, I already got three months. You're right, I added on additional. I'm thinking of, yeah, it's all right. Yeah, sorry. Yeah. Six to nine months. I wanted to point that part out.

And I think the part that you're mentioning, Drew, that you started with, which is why we asked you what did they actually say, was where he says the average person sees it as a lottery company. They see it as a transaction platform with lottery. Or sounds very similar to what I say that you know their infrastructure that's why i've always seen them i've seen them for a while not always and um these days i say that they're a bank that sells lots of tickets uh but but yeah dre the point why i'm pushing you to be exact about what was said is because, as I think you know by now, a lot gets added on to what people say.

And that will be a different kind of important. If they actually said what you said they said, I'll be looking in the other direction too. And I suspect these guys are, it's not suspect, I think we've seen just from history that these guys are very careful with their language, they know what they're saying. They're not loose with their language, they're very careful when they're speaking. And so what you said would be- I put down the robot filter. I put down the robot filter again. And so what you said would be... I put down the robot filter again.

If you hear me clear, I know. I think pretty much they are sensible to what they say. They're very careful with what they say. So you want to be clear on the things that are said directly from the people in the company versus the things that are said that they say or

assumed about what they've said yeah that's not to say that i don't like svl i know how i know you always stay also in the local market okay it's not that simple not that black or white but dre i don't really think you really like it because i can say you don't really own any i'm gonna read you like it so why you don't own any i not take all the money You know it works You know it works You say if you had money tomorrow You'd like

If you were sitting in a I'm talking to you specifically Why it works for you Because I know I'm more close to what you want to demand it's not everybody it's not everybody i'm looking at them saying all right you were cutting down but if you get money tomorrow the reason why we're cutting down before do they change because you have three stocks comfortably now right and coming from from three three different index one where it stops so if you're looking at it you're cutting down for whatever reason based on your goals and

whatever you need to get out of this why then we the moment you get more money you decide that i need to get something else are you making more money on the s in the same timeline that you're looking for are you making more money on the same timeline that you're looking for? Are you making more money on the SVL purchase with this brand new money? Or one of the things you own currently? And then if the answer is yes, then it questions

why are you sitting in that next thing? If the answer is no, then why are you buying SVL? And there are valid answers just you have to actually have them it's not just a cool this situation xyz it could work for you it could not

but then actually give me a reason why it worked for you why the thing you're doing works for you you're doing for your portfolio we had the same conversation with Big Boss last week around your JetCon play that's true portfolio. We had the same conversation on Big Boss last week. I only reject Conflate. That's true. And,

Drake, remember, it's not the first time you've been bringing your portfolio down. Tell me, because it's the ultimate argument of whether or not it's sensible or not.

In the time that you have been doing that, bringing it down from 18 stocks, following the growth principles, now you're down to three. Have you made less profit or more for profit

i when i brought it down i i have a caveat i would i made profit and i made a grave era of sitting and watching and um i didn't um realize the profit. So, I kind of made a slight regression. Say, make more profit saying that you don't take it when you realise the pulse is there. I can't. Get the money you want. Yeah. When you want to get the money, say no bother. You want a little more. That's crazy boss Yeah I mean You know

If all the way You learn You get burned So you learn Once you know It doesn't make The same mistake Twice

So I hope so for your case My money Money is a hell of a thing I don't want To have to learn The lesson twice I don't want

To have to go through Something to learn That's it I don't want No Especially if I make The money I want I've been fired already

And I'm sitting Down waiting on it. That's all. Silly rabbit, yeah. I mean, I've been there and I've been there, so let's make sure they listen from it. No one listen from it. Properly learn, man. Properly learn.

All right. See, because I know you'll be there and I know as long as Fesco is on the market, you will be too. What's going on with the audio? see because i know you'll be there and i know i know um as long as fisco is on the market you will be too uh what's going on with the audio it is yeah they look like in the meantime sir conroy conroy robinson you know what, Conroy? What's going on?

Conroy? I have a new Conroy. I don't know. Maybe Conroy is not hearing me. Conroy, are you hearing? I am not hearing. Conroy. Con, maybe Conroy is not hearing me. Conroy, are you hearing? I'm not hearing. Conroy. Conroy. Yeah, my desk.

Yeah. Yeah, but you know, my press the speak, the mic option by accident. I'm not really in the position. I don't really want to talk about anything. Not right now still. Okay. You want to talk later? Yeah, maybe later I'm going to jump on.

Because I'm kind of doing something right now. So I'm going start going listening right no problem all right big up all right cool cool yeah no problem um anybody else anybody who does want to talk about that or anything else um you can hit the hands up no you're not handle button you can hit the the request to speak button and we'll talk about this or anything that you want to talk about on the market today i see somebody this week or anytime in the past or the future i remember we are still under the um title of falling short so how you feel about shorting on the jc that's especially where the people who...

Where the people who... I don't know what's happening. It's a bad internet night. Where the people who had that exciting thing where they're like, oh, you know, one of the things about the local market is that... Local market not sophisticated enough. Sharding is a very sophisticated thing to bring to the market.

This really brings a new layer to the market. Shorting is often a type of other type of sophistication that you bring to the market. It's where it just in theory economists should love it and those that lean in that direction based on what it does for

for a financial market the ability to short i found that weird you remember when we're talking about i think about two years two years about two years before COVID, we were saying that the market should get short. We were doing COVID in 2020. I think we were saying that this is proof. They had all their reasons why not. It's proof that we should have shorting on the market. I remember actually reading an article from an executive in the financial space who the person was saying that, thank God we don't have short-term investing on the market.

And the company where that person works, their share price went on to tank. And I thought, wow, damn, I have no idea what they're talking about. Why would you not want it in the market? In fact, it is a guarantee that any market that doesn't have it will crash at some point in the future. Shorting is actually a release valve. And in terms of the money in the market, it's like moving from chess to 3D chess. It opens up a whole other...

I wish there were more people who had... If anybody in the... in the JSE charting course, you want to talk about that. I love talking about it. There are certain things in there that I wondered about. Like the requirement, specifically... One of the things is that the requirement for its link to they're not really here to say that it's linked to the idea of not

having naked shorts right and so you have to be able to identify the security, the exact security that is being shorted. Or, in a more advanced market, or a plan to be able to have the security on the date where you legally have to have the security, right? So you know, the short is simply, not simply, but the short is that, a key part of the short is that on that date, you have to provide the units or the money that can buy the units back to the original owner of the units, right? So your contract immediately needs to say that, but then that allows another contract to say that I guarantee that I will provide the units on that date. That's like a whole other layer. And then those two contracts can then be traded for a price. And often, they are traded for a price. Cause and puts. But honestly, I'm so scared of how it could be implemented in a weird way or a bad way

that I'm afraid to talk too much about it. Because there's so much there. There's so much there. Because even if you've got JSC, depending on how they do the short. Then you can see who has a lot of other side of the business. What do you mean? You didn't say that. It's the thing there.

Read it again. The flip side contract. They guarantee you provide. But you could have that also. I know. Exactly. There's a lot of money that they make. Let me say this and then i'm gonna talk to the top i don't know that who is it for 30 but let me say this and i'll talk to you

um and i'll cut in a little bit than i where the strength with which i have heard it said including from the top of the street first bigger I really hope she pushes especially as a legacy thing but the strength with which she said we will certainly not be allowing certain things including naked shorts and the strength in which out of your own they were like yes and even at the workshop it came up and that's one thing the doctor spoke about the guy's a doctor the things the doctor spoke about.

The guy's a doctor. He said, not Dr. Streetforest, but the guy who did the course is a doctor. He spoke about, you know, the dangers of naked sharting. And that is too complicated for me to go into or even want to go into here. But he spoke about the dangers of it, which made me think that it's a key point that has been mentioned internally for the go to this thing and if you understand that the other something that we're just talking about that's why I don't really want to say anything because I don't want I don't want certain things that should be included and naturally happen

with the derivatives market but with the short thing the intro to contract I don't want it to not be done and part of reason why it's not done is because those guys on Twitter were talking about it on that show like I don't seem sick I don't know about that kind of reach but I would rather not like I'm afraid bad so I didn't want to explain it fully but I know that the JSC has declared that it will not allow naked shorting and just so that nobody misunderstands I am not saying that I am for naked shorting either all right I'm not saying that I'm

for that I understand the dangers of it and I am not saying that I am for that. I understand the dangers of it and I am not saying that I am for it at all. I am literally not explaining the thing that I'm excited about. You are not going to be able to pick it up from this and I hope the JC comes with a shot. Having said that, what's up? I always

4-11 on Ramo. 4-1-1 on Ramo? Yeah, yeah. 4-1-1 on Ramo 411 on Ramo 411 on Ramo 411 on Ramo 411 411 411 411 411

411 411 411 411 411 411 411 411

411 411 411 411 411 411 411 411

411 411 411 411 411 411 411 411

411 411 411 411 411 411 411 411

411 411 411 411 411 411 411 411

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411 411 411 411 411 411 411 411

411 411 411 411 411 411 411 411 411 411 411 411 411 411 411 411 411 411 411-DHALAWIYYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYIYI I can hardly hear you though Randy breaking up a lot yeah it's coming through the space everywhere else is fine so YouTube is fine I'm not really sure what the actual issue is I'm not sure

it's the space sorry Ramon I'll try to figure it out in the meantime yeah I guess it's on the line of what you were talking about you know as someone who is not an expert investor and implement, as you rightfully said, a lot of persons were especially on Twitter were talking about it, that our market isn't ready for shorting. sharting and most persons outline some of the issues that they found with it and how it would increase the volatility of the market and so

and for one I'm a person I don't know anything about sharting I don't know how it works I was even listening on the Kalila show where they were saying that there would be certain specifications as it pertains to shorting,

as in only certain companies will be allowed. So they say they have certain guidelines as it relates to when it is implemented. So my thought process or my thinking or my question is, for someone who isn't versed or say quote-unquote an expert on investing with shorting in the market now does it change the perspective or how you go about investing on the JCE

JCE repeat question boss I'm not really sure I get any no so I'm saying um because they're saying that shorting is usually for investors who have a certain risk appetite that's what i heard right risk tolerance and so forth so i am saying that somebody who is in verse i mean not have that certain level of risk appetite and you go about your usual day-to-day investment, do your, say, based on the level of investment expertise that you're at, the implementation of something like this, does it grossly affect the market? It will affect the market.

It affects the market. In terms of being a risky thing for you if you're not doing it, that's not that. You're not getting any new risk because the thing they're saying about shorts being risky and for certain type

of investors with a certain level of risk tolerance, that's if you're going into a short nothing to do with if you're just an investor and you're not doing any shorts that's a completely different situation but shorting in the market will definitely change the market things will happen differently on the market right because i think i saw somebody tweet i don't remember exactly what they were saying, but they alluded to the fact that they feel like shorting will only benefit the bigger players in the market. That's the thing, I don't know much about shorting. So when they say that, you know, that's why I'm here seeking clarity. You'd have to ask them why they would think that.

I don't think that at all. You'd have to ask them why they would think that. I don't think that at all. If it only benefits the rich people, then I would think it's from a point of maybe only the rich people can do it. But if it's open to everybody, then I don't think you're going to benefit any differently than they,

because it's the same opportunity. It's not just you and them from starting the same stuff, right? Right. So how does it work exactly? What do you mean? Shouting. I think you should check it

before you jump on. All right. What do you know about shouting? Tell me what you know about shouting. Most persons, I read it and I've heard persons say it. Persons have said it to me and I still can't I don't know.

I'm a type of person I like to see things for myself. Alright. People are saying it and like I don't get how do I make money

from doing it. Alright, watch this. Because you're banking you're banking on a stock falling. I can piss off a whole lot of people. I can piss off

a whole lot of people. So at what point do I... I think a lot of people don't know, and I think it's easy. Oh no, I'll give you my example. No, I want you to give me an example, but I want to... I want to say it in a way...

Okay. Let me give you the trouble first. I suspect the reason why you don't know is that I've heard a lot of people explain it to us, but... I've not heard many people who actually know what it is explaining. I suspect a lot of people have learned the words to repeat. If you Google it, anybody can Google what charting is. You'll all hear the same thing. Really?

Right? It's when you make... They have a current one that they say, a popular one now that... I forgot the term. I've heard it like four times. I know it has become the new dark horse term, right? Everybody repeats it.

Essentially, you earn from the downturn of a stock. I'll try this forward charting. I wanted to be clear with you on here because I know that's like free food for a bunch of people to hear somebody teach in a class to say my words. if I have 10 mangos right and you have right and then I says you wanna have a much sorry you have zero mangos and then I says hey want I'm not gonna eat these mangoes until next week Friday still clear so he only needs the mangoes next week Friday cool mm-hmm you said to him give me five of the mangoes and I will make sure that you get them back

or you get the money to buy back five mangoes next week Friday in fact I will sign a contract that says I will give you back five mangoes of equal value next week Friday understand that so far? yeah I get what you're saying.

That's all short is. Like literally that's it. A short is literally just... I apologize to all the experts screaming. A short is literally just that contract that says, next week Friday, I will give Danai back five mangos of equal value so next week friday then i will still have 10 mangos right no i never have any money to buy five mangos so he gave me those five mangos for the cost of maybe just one mango as a fee so to deny from the night side what he means is that next week friday he's still gonna have 10 mangoes

and he's also gonna have the money for one extra mango which he got as a fee so that's the benefit to deny for doing that side of the chart to me i take those five mangoes and I immediately sell them for $100 each. Because I know that next week, Friday, the mango truck is coming and the mango truck sells mangoes for $20. But when the mango truck is here, people from Kingston, as stupid as we are, will pay a lot more for these things. So I sell all five of. And so now at that point I have $500. Right? And next week, Friday, I am going to come because I am trusting that the mango truck is going to come like it always goes. I'm going to buy back five mangos and give back the night.

He's got me plus the money for one extra mango, which I promised him as a fee. That is the other side of the short. So the way I make money is if the mango truck come and I, I sell them for five, one, five, 100 each to have $500. If the mango truck comes and I can buy

back those five mangoes for $100 for all five, the difference between those two is the money that I would have made. That is again pretty much banking and it's up to fall. Exactly.

You see, that's why I wanted to ask Exactly. Come to grow up. You see, that's why I wanted to ask you because I need to grow up. So I know when you explain things to me, I usually get it a lot easier. I don't know. Because you're the first person to explain it to me

and I can see it. I can see it and look at it and understand what you're saying to me now. That's because I actually understand what I can see it. I can see it and look at it and understand what you're saying to me. No. That's because I actually understand what I'm talking about. Randy might be the first person that gets it. You're the first person to actually say to me

and I can understand alright, this is how I would earn from doing shorting because I've had persons say to me when I group chat face to face and I still never goting because I've had persons say to me when I group chat face to face and I still never got it because I say, how?

Why am I banking? Because since I've been investing I've always heard it's all about capital gains and dividend yield. So why am I banking on a stock to fall and how do I make money from that?

But now that you've explained it, I fully understand now. And well, let me make it clear that when I say it's a whole new world, that is just the early, simple part. So like one of the fun parts that I always like to talk about is this. When you,

when he gave me the five mangos, right? And I sold them, I know how much, mangos, right, and I sold them, I know how much they cost. $500, right? I can do whatever I want with that $500 for the next week. Suppose there's an IPO, and I put the $500 in there today, and Monday the IPO go up, Tuesday it go up, Wednesday it go up, Thursday it go up. By Thursday, it is up 250%.

So the $500 is no longer just $500. The $500 is no $250. The $500 is no $1,250. Right?

And then on Friday, the mango truck comes and the mango truck is selling mangoes for $20. I take $100 out of my $1,250 and I buy back five mangoes and I give it to Danai as per the contract.

Plus, I give him an extra $100 for the fee. But he got that Danai as per the contract. Plus I give him an extra hundred dollars for the fee but he got that upfront as per the contract. So instead of banking on the difference between the 500 when I got it and sold it and the 100 when I bought it back, I've actually taken the money that I got from selling it, put it in something else, actually take the money that I got from selling it, put it in something else, make 2.5 on top of that. And that has nothing to do with Danai because it's none of my business because all I have a contract with him

is the contract saying that I am going to give him back his five mangoes next week Friday. You understand why I said there's a whole new world there? Right. Here's another level of it. I have a contract that says I will give him back $500 next, five mangoes next week, Friday. Suppose you, suppose I come to you,

and you also know about a mango truck that comes every Friday and sells for $20, right? And I say to you, hey, I'll sign a contract with you that next week Friday, you must buy me five mangoes for $25 each. You will probably take that contract, right? Because you know that, yo, if I take this as a contract that you must sell me for $25 and I must buy it from you for $25 and I know that I can get it for $20,

you would probably take that contract because, yo, the difference between the $25 and the $20 is your profit, right? It is. No, when you sign that contract where you guarantee that you're going to sell me five mangoes for 25, I now know that on Friday, when you come to me with the five mangoes that you must sell me because I paid you the money, then I just say, oh, don't give me, just give me. Then I.

So then I get his five mangoes because of the guaranteed contract that I have with you. And I still took the money I got on this week and still did the IPO. And you still got your profit out of it. And I still got my profit out of it. And then I still got his profit out of it. Then he got to keep his 10 mangoes.

You see how there's another layer just to the same charting contract? Go ahead. Now suppose somebody else have a mango farm or they know of another mango source and then pretty sure they can get mangos for $10 and then realize that, yo, somebody have a contract selling where they're guaranteed a buyer for mangoes at $25. They might buy that contract from you for maybe $25, right?

Or $20 or $23 or something, right? right? Or 20 or 23 or something, right? All of this is sitting on just Danae's five mango contract with me. So I say the difference between chess and 3D chess. Yeah, it's a brand new world. And I cannot understand the people who supposedly understand it but um all right all right no randy so you look at it like that going back to your original scenario after of it being the mango being a hundred dollar and you short it and it and it goes down to you sell it to a hundred it goes down to 50 you sell it back get no no what if the mango action i want to be clear here we haven't really left the original scenario we're still there i'm just saying it's the same scenario there's just different layers within that

very same scenario yeah man i get that i get what you're saying and i got that but i'm saying what if you bank and the price going down and it actually goes up? Then you lose money. And that is why people say sh**. Thank you for reminding me I should say that. The flip side is, suppose when a mango truck comes,

suppose a mango truck doesn't come, so I have to go to the supermarket and buy the mangoes because I have a contract that I will supply it and I will find mangoes on Friday. When to go to the supermarket and buy the mangoes because i have a contract that i will supply then i would find them was on friday when i go to the supermarket we're selling mangoes for two hundred dollars each and i i go to supermarket on tuesday because i hear that mango truck wasn't coming i'm saying you know that are crazy wednesday go back and say oh we're now selling mangoes for $400 each.

You realize that there's no limit to how high they can charge for the mangoes, right? Higher above, the higher above $100

that each mango costs. The more you're losing. Exactly. And there's no limit to how high it can go. So, exactly and there's no limit to how high it can go so technically there's no limit to how much you can lose

on that side of a chart which is why it's considered dangerous or as a gentleman said and during the session I know one thing it's asymmetrically risky

so when you buy a stock and sell a stock normally the risk is the ultimate risk is that the stock goes to zero that will happen but the ultimate risk is that the stock goes to zero but you can only lose all your money 100 when it comes to sharting the risk can is greater than 100 you can lose much much much much much much you can you can be on the hook to repay much much much much more than you you got at the start of the contract basically and that is the flip side of stocks stocks can go up no matter what so it can there is no cap on how much

money the stock can be worth but you can only lose 100% of your money the next way around to the most you can make it 100% so it's a very high risk business you're entering when you go

it's a higher risk than normal you're entering when you go. No. It is a higher risk than normal. It's the risk you're looking at exactly. It's higher risk than... You're measuring the amount of risk you can take. Yes, the risk is higher. The actual doing of the thing, you have to look at the risk of that situation. So, shorting grace might be less risky or more risky

than shorting the siboney. So how you said it in terms of it being a time period. So say it is going up. So is it that unexpected return of those that

was borrowed? Is that particular point in time you return it and pretty much you just have to pay out all the money that you've lost say that again i have a whole lamp on no in terms of the shorting period can you look at it you borrow you borrow the security in the contract there is a time period as to when you should return it. Or you decide when you want to return it.

The contract says that you have to return it by a certain date. These things are contracts with dates. So on that date, you know. Okay, I understand now. Yeah, I see what you mean. Yes.

Okay. All right. Yeah, yeah. I get you now. But even within that space, there's also the option of... Trust me. It's 3D chess. It broadens the market completely.

And just on a core level, it allows people to earn even if the market is falling even if a stock is falling and on a business level it is great because it introduces the concept of greater scrutiny in a company so investors are not actively looking for any company doing something wrong, something bad, because I could start a company doing something bad. And once everybody knows that it's doing something bad, or if I make it known that the company is doing something bad, then the company is likely to be in trouble or in a bad space. People understand, and they're likely to react as they react when they think something's wrong with a company, a.k.a.

heavy sales, which pushes the share price down, right? Which would then be good for me. So now you're turning every investor in the market into a possible security guard, which increases the legitimacy and the strength

of the companies on the market. Because anything that's bad, you can say, you can't have a problem, no. Okay. So now instead of everybody saying, oh, this thing is hype, but the hype

is soon dead off. If you believe that, short it. Short it? Yeah. If you really believe it, but the hype soon dead off if you believe that shot it yeah if you really believe it the hype's gonna get off it it it it's not putting the money where your mouth is on the flip side everybody talk when something going up everybody talk or anything there now it's time for it to go down can you if you if you really believe that make your money on it maybe that's why maybe that's why um you kind of pretty it's not like it no again because they're always in something bad but now if you really think it's bad shot it because if it's bad you'll make money god damn

before we could just say something's bad i never really matter with it if it's high well it's because you know the market is it's irrational but it will still catch up with it okay when is it going to catch up with it with sense chart for that day but it's always a funny thing it but you know a sad part about that? That happens on the flip side. It just goes on that way. It's the same thing. It's you guys are stupid. Why isn't JMNB at 60? Are you buying more JMNB? No, because

you know because somebody else must buy it from you. But it's such a good buy for such a long, long term. Then do it. If you really believe that, then do it. Right? If you really believe that, then you should be buying. You shouldn't actually be here complaining.

I saw something about that, you know, apart from, you know, Randy would have said in terms of the whole dilution with the deal with the APO, and I saw someone had another take on it JMNB trades and the Trinidad Stock Exchange, right? By the way, you can jump in whenever you want I see you have your hand up

but finish your point And then I saw someone was saying that because the Jamaican dollar is pegged to the US and I think they say the TCC isn't, the Jamaican dollar is pegged to the US. Jamaican dollar isn't pegged, not for decades. You mean there's a relationship between the two.

Right. Yeah, because they're very different things. To have a meaning. Right, sorry. So they were saying that because of the USD relationship with the TC dollar, that is, so a lot of the Trinidad investors tend to sell off JMNB to gain No man, no, no man. That was said yesterday at the AGM. Really? Who said that? Yes, sir. I can't remember the other guy. It was either the chairman of the board or Keith Dunne. From within the company, you said?

He said it yesterday, yeah. Give me what he said. And it wasn't exactly what Top Physio said. And it wasn't exactly what what what Top Physio said. That's him whole argument. Sorry. Can you tell me what was actually said? Yes.

He said that because the company is cross-traded and US dollars are difficult to come by.

It's difficult for businesses to get US dollars in Trinidad. They will sell, sorry,

they will buy GMMB in Trinidad and cross-traded in Jamaica at a lower price than they bought it for in Trinidad just because they can get US dollars in Jamaica. And so that has the effect of keeping down the stock price.

And it was brought up in the context of, you know, people are asking why GM&B price don't go up. I would hope that GM& is charging GMMB then. Right. Having this clear knowledge, because they would, I would... They are in both markets. They are in both markets.

So I take it that they are, that they have the first hand knowledge, the company. They are broken. And it's their stock. Broken both markets. You know, it brings back to me. Remember we were saying both things there.

I don't know if you said it publicly. I think you have said it partly publicly. Remember in the whole QWI, QWI has an account in Germany. An account in Trini. Remember that? Yes. Yes, they do trade training

stocks oh i so what i'm saying now is anybody that knows it's the finish event and can as the management of the company come to an agent and speak then i hope you what was the question stop it it doesn't even give me the point anymore come on man Jesus

what was the question stop it no that was it I want because we were talking about

J-Man B and that point I remember I don't remember exactly but Brick what's his name Brick Cutter said it exactly, but Brick, what's his name?

Brick Cutter said it exactly how I saw it. Exactly how I saw that. Because of the difficulty in getting the USD in Trinidad, that is why they sell it cheaper across. Oh, wait, Marco. Tell me, big man. If I'm underground in Trinidad, I sell bread. That's my business.

And I need to import flour. I need to get USD for it. I then become a stock market expert that decides that I'm going to buy J&B shares and sell them over. That's what happens. So they do some arbitrage, but they don't really care about the price. It's not necessarily successful arbitrage. But the point of the arbitrage but i don't really care about the the price it's not necessarily successful arbitrage but the point of the point of the arbitrage is the point of this is it's to get some use to you right in jamaica in jamaica and get it back what did they do i have no idea what happens after that.

But that's along the line. I saw someone saying that is why it's difficult for the share price to move. Yeah, man. But you know how much money that is? How easy is it to say? Anybody try? Anybody try saying them USD, them bugger USDs that they needed for this heavy thing?

Can I call it again? Equipment order or... I have bought in Trinidad. Raw material order. I bought stocks on the Trinidad market and transferred to the Jamaica market previously. You did an export of the transaction? But getting USD in Jamaica is not difficult that is true um

so then so of all people every day that trade in jv how much of them is that sorry sorry of all people in training people in Trinidad that are doing this, how much are that account? How much trades of JMB shares every single day? That account is for cars. Everybody says it. Nobody can really give me numbers.

Nobody can explain to me that. That trade I see every single day is that Trinidad that training guy. Holding down the price of multi-billion dollar GMB. Imagine that loss though, Randy. Think about it. Think of literally

you're losing Big Mountain. Where is it? There it is. GMB training. What's the price in training? $2.30. How much is that in Germany? Which company on our market is training?

Which company on our market? I want JMNB. No, man. As in which company on our market? On my money, so GHL is training, so we always have the home currency if you're working so twenty two dollars and fifty three cents according to the boj today for one um trinidadian so jamaica that's a jamaican trinidadian today is

22.53 yeah man what's all looking for what's the thing i'm looking for trinidad share i'm looking for the share price of that two dollars and thirty cents in the dollars when you make dollars today german be closed on the training market at 51.82 cents so you're telling me that the guys get 80 80 cents under that one percent every single day and they. 21% every single day. And they do this for every single order. Imagine losing that

in a gross profit. Also, hold on. Also, the movement of shares across the market is not an easy thing. Difficult.

And it's not free. It's not free. So there's a cost to moving the shares. It's also difficult. It's a cost to get back the money's also difficult it's a cost to get it back get by the money to training that it also takes a long time it costs time yeah so this is uh if you're really doing this right that's how heavy it was doing 20 margins and anything is strong in everything your your raw material

expense is 20 percent it is not 20 percent cut on that so any dollar you said you're actually spending that much more money on it 20 margin is like the companies that exist on two percent first is a two percent margin company so any company doing this is either them hiking them prices heavy or they're just soaking up our loss and top our loss just to operate or maybe something over so

maybe not over so I would not be surprised maybe it doesn't happen it happens but it doesn't happen to the level of people think and maybe so that's what people keep saying that's what i'm saying if if for jmb price to be impacted by that that'll be an everyday thing that people are doing that the whole industry in trinidad should be looking at jamaica as you know thing and you're telling and then at

that point i would wonder why is it so hard to do the trades then because any company with sense listed on both in both exchanges would just make this an easy process for whatever customer well you think so right but as i've said it's a difficult process it was yeah it's been a while too it's still difficult um and what's the trading frequency in trinity imagine if i suspect if you check that no i'll check it man well i won't do that if you were to match but it's there it's there so i've looked at it how much of the trinity if you were to put the training jmb share that trade every single day overlap it and to just try just say if three training trades happen if say 10 000 training units happen every day how much how much how much trades would that happen for 14 and the jc

for the for jmb our trade volume is fast because the same amount of units it could be within it but but then for it to be the thing that's pressuring the price then yeah, that's Yeah, it's a thing that's pressure in the price then you'll be you'd have to account for majority of the streets. I'm here Significant here's what but every single, these guys selling it, though. That's crazy. JVB share price is not where it is because it might be a factor, but to what degree? I doubt it's to the amount.

JVB share price is what it was because buying about 38 makes sense for a lot of people. I know buying at 40 is not a new thing that makes sense, but we've still got 38 guys in there. If I want a lot of guys,

I need to have a lot of guys buying at 43 for the price to be 43. So who will buy after that? The price is at 38 again, magically. He chose to do an APO same old APO

you're gonna see that Numbuck keep happening the moment nothing else looks good the moment everybody start looking up then boom you see this rise up in and then 38 come to strike where were the training investors at the end of March April 1 where were the junior investors there?

I don't know, man. They decided to buy this time. I think a lot of rubbish is said about the market and also a lot of rubbish is repeated. And I think there may be people who understand that. A lot of people who should understand the market don't and you can tell them

that's a fact and then everybody else will because it was there you think JNB's chairman was checking who traded every single day to make sure the price to have a reason why the price fall.

Fizio? Um, I doubt that. Me too. I'd love to talk to him about that. I wonder where he got it. I wonder if he looked it up. That'd be an interesting conversation, I think.

I'm just on JMD generally. I'm sure he's annoyed. I get the impression that he's annoyed whenever the share price conversation is brought up. The truth is, I'm not trying to... He's trying to grow JMB. They're all about his company.

They're about another bank. They're growing. They own. And they're a share buyback on SFC. SFC has done a share buyback. And it has benefited JMMB greatly and continues to. And I think that's what JMMB's chairman and leadership team is concerned with. I don't think they give a damn

about the share price once it don't fall below 38, which is probably why... I don't even think they give a damn if it falls below 38 or not. It's the truth. I think somebody has a lot of money sitting at 38.

I said that, but... I think 38 is not their price. I think it have a lot of money sitting at 38. I said that, but... I think 38 is not their price. I think it's way below. And that's the other problem. $190 million sitting at 38. How much was the buyback again? $300 million.

$300 million. $300 million. $300 million. Jesus, that's so crazy. Well, I mean, you could use a you could use a buyback as a price protection at a certain

time. And so you could Isn't that the last thought? That it would be used in the case where the price is falling for no. Yeah. That's what I said last year. It's interesting to me that we're looking at 38 and 1 million odd because if three million units were traded that would fulfill the buyback how much is thing there how much i'm trading in

shares on jmb how much is big boss 300 million300 million. So if you had 3 million units, if they were to buy 3 million units at $38,000, that would supply the buyback. So that $38,000, that 1 million unit out of $38,000, is a bit more than a third of what the buyback would hope

to accomplish. And what I'm looking at there is... Where is it? Control K. Looking at 8 million units. 8 million units at 38. How much units at 38 there? Oh, sorry. Yeah, yeah, yeah. Sorry. I misunderstood. I think it's rubbish.

Yeah, yeah, yeah. I think you're looking at the overall. I was looking at just a single order. So just a single order of 5 million units at 38, that's 190 million in that single order. Yeah, so it's like, it's 190.

Oh, wow. So it's even worse. That's a success. Wow. Somebody has 190 million sitting on the market not earning interest not just sitting there

amazing half of that and that's a half of that I don't know that this is a buyback I don't know if I have anything to do with a buyback but you can do a buyback in this form a protective buyback this is what you do for an open market buyback a protective lower order there

it's a if you were doing your buyback more as a protective thing to prevent the falling of the street well so they said last time instead of the share price the two is also worded wording useful it is your price so if the share price falls for non-fundamental reasons for non-fundamental reasons. Yo.

They said it. The top body, non-fundamental reasons. Yo. It's a ticky tickies. I'm sorry. I was looking at that, all right?

And then there was a trading insurance that I found very interesting. Where was it? Where the chairman sold it. Then I picked water today and the people knocked me. I just want to be very clear. I have to be very clear

and i was not the one who picked up no okay if i i was looking at that and i'm looking at that compared to that amount of units i can't i can't find the exact thing there where is it so you remember how much how much was sold i'm looking for it j, imagine Directed and connected parties on March That's fire, that's fire 2.3 million Oh no, this was January 2021 January Where is it? Where is that notice? That's true, the notice was worded differently

Missing I don't think it's missing. I do not think it's missing. It could be missing. It's missing from my screen. It doesn't mean it's missing. But I believe there was a significant trade. Yeah man, no feelings. See it here, I said March, May 12th. Of which year, this year? Oh.

Oh, ah yes it was worded differently. How was it worded? Equity transaction for the United Parties. For T. Duncan, it's there. What date? Man trade more than a... What date? 1 million units on May 12th.

The thing was March 30th. The thing was dated. But it came out on May 12th. So on May 12th of 2020. It's in my money. On the all screen. On my money, yeah. On May 12th. this is this is more than

this is all i want 15 percent of the bible something like that i don't sense anything to you by that i think what will happen is that your words will be deliberately misconstrued uh well if Well, if you want to take... Let me not be mean. Sure, go ahead. Do not misconstrue my words, people. I do not mean whatever. I just find it interesting

that the amount here... Why they want to move us. For the three men. I say this knowing how much I hate the worries in my mouth it's 15% of the buyback volume there 43 million that would be very thin there yeah it's 7 more than but i don't know where i mean who

bought these that's a question i'd ask who bought these it was a one order too so i don't know if that had the same opposite effect meaning because i don't know if whoever bought those 1 million units are looking to sell them anytime soon. Meaning though? I don't know. They say it was done at 43. I'm not looking at it in terms of the price falling or XYZ. I was finding that interesting.

Well, there's a loss. And then we go into the known. There's a lot And then we We go into the non There's a lot of snow So If that If that 4301 Is real Is the price that

They really bought it at Then Then they are At a They're You say non-fundamental buy Or no It's a fundamental buy

Say no matter what The price is good enough If you're rich enough Everything you do is fundamental So Yeah man Everything Everything So So So You're fundamentally down 5% price is a good enough if you're rich enough everything is fundamental so everything everything

so so so you fundamentally don't five percent you're fundamentally good man just check the share price don't don't check the share price open reports and check the balance sheet i don't have a hell of a balance sheet which is weird i know man i know i'm not i know i see a freaking war it was into the road video I know, man. I know. I know. I see a freaking war. It was on the road with you. People, I hope it's gotten away with on the market simply because

of the retail investors, us in the market, not having a higher level of knowledge. And I think it's known that people talk to me. They go for EDS. I personally don't like it it i find it distasteful but in this case i i can well in the case disrespectful for me the non-fundamental thing

i actually prefer to know that you see retail investors that way but but i think that's it i like to know that you think yeah too. I don't like that. I don't... That's it. I like to know that you think of me like that. Because I don't think it was meant badly. I just... Just for me being

in this retail space. You just sold MP. Yeah, yeah. And it would... I'll be clear. 10 years ago, it would not have been... It would not...

It would not have been at my desk. Five years ago, it probably still have been. It would not. It would not have just bottomed me at my desk. Five years ago. Mm hmm. It probably still wouldn't have been seen anyway. Generally, I think just know. The barracks is in a place where all the people are he he can see the people people know jeering with non fundamental. I did this thing NFI. People are people catching on to, oh, that's how you see me.

Despite all what I'm doing, intentionally making profit. Because selling at 43, it does make sense. If you think Jamie B is going to fall, and you can't tell him, no. He sold at 43. And the price is lower than where he sold it.

And he's wrong. He's not non-fundamental it sounds like he's a I hate the word fundamental because it don't mean what you think it mean I think we did this

on earnings season before that's the definition of fundamental make it not even make sense apply to the stocks thing I think because there's no

we all know there's no one there's no one size fits all. This thing works for every single company. If I look at the debt to equity ratio for a company, it's not going to tell me how the price is going to move. But it's fundamental

for you to know that when all you really want out of this is your share price to move. That's what they tell you. They tell you that if you don't know what the P.E. is on this day, then the profit you made is wrong if you never check the book value if you never check this if you never trade based on what the book value until you hear say you hear say there's a buyout imagine that imagine not telling us that because the buyout price isn't fundamental.

But you know everybody else. This is going to work out X, Y, Z. Yeah. I'm happy that it was said because otherwise it wouldn't be said. And people wouldn't know. It's a new market now. And I don't think it was said because otherwise it wouldn't be said. And people wouldn't know. It's a new market now. And I think, I don't think it was said maliciously either.

I think it's just. At all. It's good. It's, if you're looking at JMMB, if you're looking at any stock, it's good. It's people.

Yeah. These are people that actually impact the company that we're buying knowing how they think you're never around doing that yeah and you have to understand that you can't take it that certain way it's not that it's not again they say it's not a malicious whatever whatever it just don't have to for me help form your view of the company and the people around it and i don't like it's pushed i don't like it was pushed as Like this is the right way And so Oh yes

That's how it grows It's a fundamental idea This is how you view things No no no My value here is different from your value here Seriously different Because your value here Meant it

Exactly How would he sell You're the difference. Because you're about to hear it. Exactly. How would he sell? Maybe he has fundamental reasons. You can say that now. Yeah. I did it right. I did it right. You didn't.

You're selling for non-fundamental reasons. I don't know your reasons. might be they might be the same as mine but guess what are the people selling it from trinidad fundamental fundamental no no oh god those idiots they're really taking a loss on them exchange rate they're taking a loss on the on the transfer yeah then exchange rate oh gosh here's what's funny i haven't heard anybody outside of us talk about the fact that if people in Trinidad are selling it at a loss here, why not buy it here

and sell it for profit there? It's actually... That's the actual arbitrage. It's funny, right? That's the actual arbitrage. If the Trinidad sellers are keeping the price in Jamaica low, and they're doing it by

scooping up the units from Trinidad, transferring them to Jamaica, so they're reducing the supply in Trinidad, which encourages a higher price. Why are we complaining? Why aren't we just buying German beans in Jamaica and selling it for...

It was where I brought up the QDB example because I know you said it publicly. And then I also bring up the J&B is listed across all exchanges. At least a fund of theirs is doing that. In fact, a fund of theirs can be buying J&B at certain times

and just blanking out for that. I'll be the one selling. Just think about this. If I set the whole mechanism, because I'm a broker across both things, make it an easy transfer situation. If even, if I'm not even allowing the Jamaicans

to switch over easy, I'm at least annulling the training because then cool. And I can then guarantee, I can guarantee you certain exchange rates here and be a higher exchange. No, that's a problem. trend that actually can't do it the bank situation they can't do it i can't go to a bank and just get usd just so just so yeah but that don't matter about it maybe but also jm b james doesn't get on it doesn't matter and jm b

in fact the fund can can do the arbitrage even easier In fact, the fund can do the arbitrage even easier. They don't even have to necessarily... The fund will do the thing there. The fund will do the arbitrage for the customer. And then the USD, it's actually a thing there. I will actually work. It wouldn't be like I'm going to Trinidad and Javid and get anything there.

Because Trinidad and Javid is a type of thing for USD in Jamaica and put on my account there and send across my account here. There's so much they can do because they don't have to do the trade. They can do that. They can do that.

That's Wahala. That's Wahala. Because that would be money transfer without actual transfer. That's not legal. Make it happen. It happens. It's just just i don't think they'll do anything like that i i we are out of our depth we don't understand that but i like what you're saying but back to that same scenario let's say you're running your phone oh yeah so easily no If you're running your fund

and you have another fund also. Yeah. Sir Phil, what? And I'm also shorting JBB. I'm also shorting JBB. I'm also shorting JBB because I'm buying it cheaper somewhere else. I can guarantee cheaper.

I don't want to talk about this anymore. We give away enough money on this thing. And I try to give away the billions. There's also sometimes, I have very easy... We're at a point... Imagine J&B goes into a factory. We're at a point right now

where the experts can watch the clip of this on YouTube like you're watching. Hi, guys. I hope you're doing well. And say, if you go further and clarify certain things, you're now giving billionaires more money. You have a billionaire?

Because I don't. I do not. No, I don't. Yeah, that's cool. I know where you't I do not know I know where you're going you know I know you're going anywhere I've gone with it and it becomes bigger money talk and only a certain class of people can earn there and they're not gonna say oh don't I you guys They're going to say that you're stupid and then do it. Right? Best believe. You go JTrader every time.

Come on. Yes. Remember we were stupid then. The things we've been stupid about. And people have a lot more money than us. I agree. We're stupid and then turn around and do it. Yeah. At this point,

I don't hear that someone saying wrong or crazy, I start wondering if it's actually correct. Almost anything. How long I get these votes in SEL is infrastructure. The chairman said

SEL is infrastructure. Can't wait. No, no. There's more. there's so much more and you know the worst part you know the worst part the point is, we've done this for things where we're actually warning

that's the funny part because we have been so warned against at points where it's profitable whenever we warn and say, I can't lose the money it's, why these guys doing that say, I can't lose the money. It's why these guys are doing that. These guys are lying. Remember X-Fun. Remember Fontana.

Remember... Guys, if you want to have this... Remember APOs. dhalladvisory.com He can help you. If you have the money, I'll book him. I'll tell you this.

If you have a lot of money you don't get the same rate as everybody else he's going to charge a percentage of the place and that's a lot of talking hundreds of millions if not billions but if you have less than that he has a nice rate for you if you have hundreds of millions then there's a magic we can do

listen if you have hundreds of millions I don't do a 9 to 5 but if you have hundreds of millions or billions link up I can make you make a lot more money as a member of your of magic we can do. Listen, if you have hundreds of millions, I don't do a nine to five, but if you have hundreds of millions or billions, link up. I can make you make a lot more money as a member of your staff, legally,

as a member of your, as one of your staff members. You can hire me. I will go back to the nine, not the nine, I'll go back to the, link up if you're,

if you have that kind of money. We might know what we're talking about, but we can also be idiots and that's true. Sir, if you have something less profitable to talk about please I don't know if it's less profitable shorting let's go

let's hear the shorting thing I just wanted to add to the argument that you know how many was it? mango I just wanted to add to the argument that I don't I love the explanation and I think that the argument against it about the you know

we should wait a few years until the market is more sophisticated. What does that mean? This is the market getting more sophisticated. The thing about it, Phil, I've found that, I said it before, I'll say it again, I always hear the USD market, XYZ market,

the US market is doing whatever, and us not doing it is why we're wrong the moment we become anything that becomes more that u.s market you find that they're talking against anyway and it is to a point where i believe that they're saying these things don't actually go on the u.s market literally how much time on brick talk we have somebody that actually trade on u U.S. market? And then they're telling us points that we say are so-and-so. Or they show us the similarities in the Jamaican market

the moment they start actually looking at the Jamaican market and seeing certain things themselves. That's kind of like the U.S. market that we exercise over here. Every step we make towards the dream market that they want, then it's, why, guys, we shouldn't be doing this. As Randy said, the moment they start hearing the Doom series

is probably a good idea. Yeah, man. Yeah. So, Troy, you have a track record of being wrong. I'm going to bet on it. Canaries. And it brings there's a balance because you

as it is now you have people on the market who sit down in a GMMB for a year, for three years them APO price they now have an option where they can borrow

against those shares that they don't want to sell. Not borrow. Not borrow. Because chances are, if you're the type to do that, you're probably not going to do it. You can lend. Right. So all of a sudden, you're not worried about the share price falling because I wasn't going to sell it anyway. You left it for your kids.

Anyway. Maybe you left it for your kids. So now, you can actually make some money on it for your kids anyway maybe you left it for your kids so now you can actually make some money on it remember in the example I'm getting five mangoes from Danai but I'm also paying him a fee of one mango for the right

to get those five mangoes so Danai is now earning one mango's worth of money for lending out five mangoes for a week. And at the end of the week, he will still have his 10 mangoes and he'll have enough money to buy one more mango.

Right. Think of MJE of MJE MJE has certain positions That they're not They have a lot They have a lot What is wrong with this guy?

What is wrong with you? No, no, no They I'm sure they know this already MJE No, no I'm thinking I was thinking QWI

But I want I was thinking QWI But I think it more applies been I. But I think it more applies to MJE because to be honest, sometimes QB can just sell the stocks. But if I have a stake, or somebody sees their stake

as, I don't want to let this go because I have a very strong stake or a lot of money there. But I actually see the price falling. What? I actually see the price falling. Say they have access. You could have just shot it. I actually see it falling, but I don't want to let go of this thing there.

And then? You shot it. You make money in the meanwhile. And while I think I'm balancing out at least some of the loss, if I shot to the right amount, I'm balancing all the loss. You don't have to lose. I don't know if, I don't know if,

Fizio is still here. Fizio, you know, there's an entire other set of worlds in it. He could, in this, in this example, in the example that I just gave. So yeah, that's why he used, well not MJ, he used QWI.

QWI would make sense. And what you said, QWI, is referencedI would make sense And what you said QWI Is referencing a conversation we had with John Jackson Where I actually asked him I said at this point, looking back Would you have shouted at him? I remember I remember where I initially

Steered away from QWI Because we asked and he said he wouldn't do it Well let's say in our world, because we're a little non-fundamental Let's say that we would have done it let's say that i have access because we saw you care about i think we want access we don't want to get rid of this because it's a nice thing to have but it's gonna fall because the pressure on the market is there we just got a lot in a fire sale so what do we do you short it to preserve some of the value. Well, not to preserve that,

because you've got to keep the units anyway. But at least... You're making money on it. You're renting out some. For every last year, I get in. I get in some. The loss itself wouldn't necessarily matter to you, because you just have fee.

You just have fee for lending it. Oh, no. I mean, I know what I meant was saying that. The last year, I'm talking about the portfolio value. I mean, they actually short it. A whole stock and I short it. I even went and told what I meant was saying that. I mean, they actually shot it. A whole lot of people shot it. I even let it out when I shot it.

I have two positions on the same stuff. I buy it already. I would never get this much units, but I'm going to shot it. That's what I'm talking about. I'm picking very carefully what I would want to talk about publicly off what you just said. I am adamant about not giving away millions to rich people now these days. I will give away a lot of money as you know that point you made.

Yes you short your own position because you expect it's going to fall so yes you short your own position because you expect it's going to fall so you are minimizing your loss in that position the contract itself if you think the fall is going to happen and it turns out you think this fall might actually be a lot longer than I think

you might actually be able to sell the contract and buy maybe the same contract back or the same amount of units in different contracts for cheaper. So now you have made money from your insurance policy. By preserving your stake. And if you do it right,

you can grow your stake at profit. It's like it's an entire other world. And bring it back to your first point, Phil, about us not being mature enough. Like the market isn't mature enough. That's a catch-22. That's like you have to have

a lot of driving experience before I let you drive a car. Right. Exactly. Exactly. This is how you get the sophistication. This is the sophistication that we're trying to move towards. I think people believe Wall Street does woke up one day

and it is what it is. Barn Big. Yeah. Barn Big. Again, I always get here Because you have a lot of Buffett fans But never seem to have any idea What Buffett was talking about

Check it back Warren Buffett fans go beyond Why I mentioned MJE Because they actually won't sell a stick They often make't sell a stick as in they'll make they often make money around that stick so the the thing is why there are some moving parts there what i'm saying is this guy this guy mje yeah they did they did but often They might have

Blue power I mean They could have Well seen this Yeah But If I mean it's in a Place where they

Won't have a stake Then they can do this I don't think They'll sell it They'll grow their So at every point I feel I believe

SBL will fall Or Yeah I said what I said SPOA for? Or if I drop. Yeah. That's it. People, let me tell you something. Stop listening to people about the market. Including us. Do your research come to grow?

Every maker that comes to grow or link down there dhallad advisory.com i don't make nobody turn down your mind at all all about what is possible in the market there is more possible in the market than you think is possible whatever you think is possible on the local jamaican stop market you are almost certainly wrong there is much much much much more much granted if brennan and i disagree and you can go do it and prove it you'll be the first guy to say

are you thinking about that yeah public record because we did say xyz and thing and not no go so and it goes so so trust me there's a lot more I'll be able to do on the market. And this is without sharting. Now, if sharting is actually implemented, like it's a multiplier. It's well-eated. The process is sitting there. Is it? I probably asked this earlier.

I don't want to ask. Was it the thing there? I don't know if you know. Are we doing the actual I borrow shares and get it off? I don't know how to say that. How many people have access to that? Or was it just the contract? Say that again?

Is it just the contract? Is it just I do the contract, JC do the... JC do the action in the background, but I don't actually get a touch of money for it. I just hold the contract. I have not heard and I have deliberately not asked. I don't know.

Oh, makes sense. I don't know. I, I, why choose? Why choose? The thing is the contract. Why choose? That's going to ask. That's, and that's why I explained it the way I explained it.

But why choose? The thing is the contract. Why not allow even more depth within it? Because that's why at one point I brought up... I know the answer. I know the answer to it. But then they can't control that easily. What's the answer?

Because I can't figure out why. Not easily. They're in the same thing there. If I give you the money, then you might not come back and buy the shares. If I give you the money, you might not come back and buy back the shares. I was supposed to give you random shares on December 29th. I'll use the money as a thing there. But the contract, to me, the contract is a contract.

The contract isn't actually... If I'm in a loss position and having XYZ money is not going to change that situation anyway. I still have to go buy them shares for more. So having the money on account, they're going to say it's more coverage if the money is on account or anything there. I think the broker can manage that.

The broker would have to do it, but then that's putting a risk on the broker, which is who the broker has to have. The broker has to have something to take on that level of risk. The broker has to be able to back that level of risk because they are the ones taking the risk. Taking it through margin From Jim

There's a negative balance A carrying negative balance As another thing is in a loss And then you get a margin card But the margin don't have the same level of risk Because the broker Has the actual units You can't move your units from the broker

When you do the margin What units? If you do a margin right now with Mayberry or VM, you have to have shares for them to margin against. So the risk isn't quite the same because they have the shares

being held. On the other one, What shares? On the other one, they don't have... Where I get the money? There has to be Both sides of the people taking on the race

Have to have something As collateral for the race Just remind me I got a phone call I got to know I don't know if I'm saying the same thing What I'm saying is I have $1 million on my account at Mayberry

and I go into a short where I get $500K out of it. $500K in my hand. Then Mayberry starts reaching that $500K as margin to a sense where as long as the loss from the contract doesn't go past. If I have $1 million

in shares, I do a margin. I do a thing, I do a short, and I get $500,000 in my hand, right? Then the most lost memory I allow me to get on that is to the extent of, say, 80% of my $1 million. So you have to sit back. So as long as my liability doesn't go past that. So you have to hold your portfolio,

so you can't exit your portfolio. Or you have to have some cash. You can't have cash on account. You can't exit the portfolio. But what it does do, if I take the 500 grand from the short, I can actually leave with the cash because I have $1 million to cover.

Maybe I can liquidate the $1 million or reach the margin limit, liquidate and say, cool, clear that contract. You have to have a certain amount of money on call with the broker. Or asset base on call with the broker. Some kind of

collector. Or they're actually willing to lend. Or there's a certain level to which they're willing to lend you. So it's supposed to be a thing that's supposed to say, based on your job or whatever, this is the kind of loan I'm're going to lend you. So it's supposed to be a thing that's supposed to say, based on your job or whatever, this is the kind of loan I'm sitting down waiting for you. It's like a line of credit of sorts.

Okay. So this is the amount that they're willing to cover and that coverage so that if it... The amount of loss that they're willing to cover. So say it's at 500 now,

the stock price falls, so I'm good, but the stock price goes up and then the actual coverage that I need is 50% more than the money I borrowed, right? The money from the shot. It's not a nice margin cause this time. Because they are also...

I believe the law also has certain requirements. There was an idiot online who keeps thinking that. I don't actually know what I'm talking about. We're still on the public. No, nothing. I'm going to reword it. The law speaks to sharding. It has spoken to sharding for a long time. And there are examples way back in the day of things that have happened that point I was making was I was trying to remember the thing, the requirement on the law about shorts, specifically, specifically stocks held in shorts.

Rules speak to it. Securities Act speaks to it. That's all. Leave it there. Yeah. But I think the bottom line out of this whole thing is that there is a whole huge world of money that can be made there. And I think the market will never be ready for it until it happens. Then we'll be ready for it.

That's how you get ready for it. You don't grow up and be automatically a good driver. You do like everybody and go and buy your license and then you learn to drive. a good driver. You do like everybody and go and buy your license and then you learn to drive. I'm joking. I'm a lifetime.

You have to do it. You have to actually do the thing to get good at the thing. That's the only way. And the industry has to get familiar with the thing.

By the thing happening. There's no other way. You can't... Yeah. Imagine the first time somebody talked about sharting on Wall Street. You don't think

it was the same thing? Because... I'm not going to swear to it, actually. That's a good thing to check. I would not be surprised if the reaction was saying that

John will start you guys really going to do this. Imagine. Imagine how dangerous it's on them time. reaction was seeing the general story guys really do this imagine there were no apos before jim and the apm yeah we're just gonna call it apos what damn it. I can't believe it. I'm both. I'm both. Oh, yes. Yeah. What did we call it when Seprad did it?

We just said it was just a diluted secondary offer. Secondary offer, yeah. Yeah, so it was something like as nice as APO. Can't tell people that's a good thing.

It doesn't sound like a good thing. It's true. No, them stop calling it. catch you on a theory and go on no they're trying to call writershows they're calling those writershows writershows take me right

on into this ask you for your rights on into this you're a writer No, ask him for your rights and then tell him, man, your rights are your right. Yeah, exactly. Your rights are your right. I forgot where the hell I was going with my initial point. What else do you like on the market, sir, Phil? Who, me? Yes, sir. You came on and caused a whole lot of trouble.

Yes, sir. You came on and caused a whole lot of corruption last week. I should make it still simple for that. You came on and had a lot of corruption in the market. I mean, talking about, my God, what was the last big talk was then? Last week, Fred. Friday the 16th. I can't call it. I never caused no corruption, bro.

You spoke about Barita. What do you mean? Market to market. you spoke about Barita what do you mean? market you spoke about Barita in a non-fundamental manner for at the $2.39

non-fundamental look at the chart since then that's almost vertical almost vertical it's a good look is it? what do you think? good look. Is it? What do you think?

Good look for me. It has to be fundamental in a way. Give us a good fundamental reason. That's Marita's PE. Actually, do a DCF. PE is actually 2383. That's strong. PE for

I don't know. Well, in the finance space, maybe not. You have like German being in that same space. You have... The finance center have lower PEs. Finance center things tend to have lower PEs. The lowest PE on the market.

So, it's over Mayberry? The lowest... Mayberry is like what now? 3.2? Damn. Mayberry is 2.7? Six times. now three two damn two point five six times that's crazy well i say that one for people to grow next line but giant is 9.6 with the

giant and CDB we say we're buried buried 20 bro I remember when people's a joke about burrito being called PIL and the thing that so so though, but MIL is always more than it, but for Agudu Angwa MIL was worth a good amount and people are saying boy, MIL, million, billion and that was a joke

for a good amount of people. So it's basically an independent thing that here we are now. Strong balance sheet. Straight up. Hell of a balance sheet Am I held up? Am I held up?

At 56 I'm going to say A wrongs issue now I'm going to say A wrongs issue Oh jeez Oh god

Alright Are you thinking A wrongs issue That's not wrong That's so Alright, are you thinking around issues? That's not wrong at all. That sounds very right. Wrong young thing and today it back. Damn.

Me with our bakes. Well, so Sir Phil, tell me something. If you don't want to talk about the bill. I'm sure sure there are people thanking you for bringing the attention to barita last video i'm sorry i'm sure more costing so they never go this and swim out about yeah i see the question people make exit they miss it that's wicked

that's funny because I never listened I never listened then because that's not what you said at all

I think if you listen to what you said no miss but I mean it's 7% I think

at this point you cannot say well it's 7% movement it's a little bit of money little bit of money

one week 7% yeah but no I'm not at all recommending that I think I think percent movement it's a little bit of money look a bit of money one week seven percent yeah i think even i think that the funny thing is the reason for the move i haven't heard a lot of people actually understand it and i i can tell you just repeating the point that phil said because because phil to his credit did not explain it all fully. Did not?

I've heard nobody, I shouldn't say nobody, I've heard no one outside of where I expected it to be said. I haven't said it because I don't want to contribute to the conversation. I hear that back. I hear it.

We made this podcast. S&P 500 give seven percent annual that is that is that is guys all right you're right you're right s&p 500 yeah limitless in one week so anybody's one by the way that was very tongue-in-cheek. 7% in a week is great. 7% in a month is great. It doesn't sound like enough. It doesn't sound like the IPO thing you expect.

But if they check it, for you to make... 80%. For you to make... Small volume. If you have $100,000 and you apply to $1 and you get near $5,000

then $1 doubling $1 at $2 you make 5% versus if you did the thing when Phil was talking about it then you'd have made 7%. If you made more than you put in

on $100,000, you'd have made more than if you bought into the IPO. Or probably the same amount after the 2% above the $5,000. You'd have made the same amount as the IPO with $100,000 in less time. Kind of apply to IPO and wait.

And wait. Sir Phil, all right. Get into your games. You're the greatest monger in the world, man. Yeah. How you be now? Everybody out. Imagine.

You see, I turn my games off. Some people don't come. I used to get all that time. I still get some. Twitter's turning the game off is weird. It don't really turn used to get a lot of it yeah i still get i still get some i twitter turning the game off is weird it won't really turn off i guess me it turned off for the people that nobody ever moved hey somebody dm me before and then gave me for the first time but then i see

other people said him candy oh give me it's weird it's a weird thing it It's like when Twitter searches are also weird. But anyway, I cut it. I have to serve you the ends because yeah. The ends. You are no,

you are no, very much an expert to have seen this. And I expect that people are also going to say it's because you spoke about it why it happened. Of course, man.

Which I will say to you what I... Because the whole market... Yeah. I really wish that were so. Do you know? Hundreds of millions is what move

at the sound of your voice in a circle. I would not be working. So, Phil, hundreds of millions move at the sound of your voice and nobody call your phone and say, hey, Phil, let's manage this fund you want. Check it out.

Hey Big Head. Hey. Big Head. I saw you on Twitter talking about stocks. You just know all these money things. Oh my God. Way too patient to ask him. things. Be too patient to ask him. Outside, outside. You think I don't I don't practice in Jamaica? Yeah. You know what I should ask him about a long

time. Jamty. You used to talk about jamty a lot. How many people didn't know? Almost that. Oh, October you know. October. Halloween. Halloween. Okay, summer. Halloween. Why? know almost that oh october why not october halloween halloween summer why why every time it look like time approaching director demas sell again i don't want must sell again. My name is still again. First in a long time.

August, September 1st. August 31st, September 1st. It'll take a month for Lego to notice that. Blackout. There was a sale in February. The last I remember was talking a bit about it then and then and then since then July July July but then they started back no that's all one today. I've seen one today Into my page here because I just saw one and then it it seems to be gone

The one today was a sale. Yes Yeah, once it was a sale by a director. I thought that's the first in a while that I've seen one, but it might have just been the first in a while that I've paid attention to one. Yeah. Yeah, because I can see right behind it here. This one was weird. Yeah, 821,595 shares between August 30th and September 19th, 2022.

Sealed by a director. You're not excited about them as much anymore? No. I mean, one of the concerns I had is that even at the point in time when it happens now, I'm wondering if it really is going to be, when the spin-off happens, if it's really going to be as exciting as I anticipated. How long ago? A year and a half? How long have we been waiting for this? I mean, hold on, we've been waiting for this.

This is the fifth delay. This is the fifth time we're here expecting. We're ready again. Fifth or fourth time now. I want to say three years. Two or three years. I mean, given solid timelines. This is the fifth or fourth timeline we've been given. Yeah supposed to be q1 of 2022. yeah and well it was also sometime last year before that there was i think same year end story then um now the year end is supposedly neater, and this is the year end next week. But that comment that you're referencing was made where the conversation was being said that it's a conversation.

And that was just one side. One side was like this, the other side was like, yo, it's me, no, obviously the no didn't happen. We're at the year end now. And the year end now, I don't think it's gonna look that great, I'm looking at QWI and... Yeah, the results. Yeah, QWI said to, I think...

Yeah, and that's also a problem. A major problem, right? Yeah, I think QWI is a major problem. QWI that also doesn't have a lot of DMT. Hmm. So I don't think that... Yeah, and QWI lost impact DMT heavily. And I'm about six impact to them heavily.

And I'm about six days to make up... Six days to make up... A hell of a nap drop. I mean, it's not a hell of a nap drop, but it was. I can't... It's also comparing to... last year, no sir? The NAV was good last year, this quarter. Right, Phil? This quarter.

The NAV was 1.33. 3 at the end of last year. At the end of September last year. 1.30. What was the quarter? What was the quarter moving for him? 1.23 now now was it higher to start at that level

control k annual damn 123 to 133 would be a flat year no isn't it 123 no yeah no i'm saying 133. It was 133 September 30th.

It last year. It's one. If they get back to 133. It's a flat year. Yeah. The quarter was actually negative. It was 135. It's 125. It's 1.25.

Meaning June 2. June to September 2021. In here. In July. It seems. I don't know I mean from July 2nd to September 30th

was 135 to 133 well we gotta give it at the end of the week so July 2nd yeah but you gotta report it so you have to report on the full year enough anyway. The quarter was at least...

I assume the quarter was flat. Angela. No, man. I said the quarter was up again. I said it was 35 mil profit in June. Oh. This is the quarter last now. Let's see.

130. On July 12th. 1.30 1.30 1.30 June 2022 This is the quarter when we can't find We've been having It's not June 2022 The thing there, 1.31

And now it's I see July 1st. July 1st. 1.23. So June 2022 was ended. Oh, sorry. 1.31. So 1.31 on June 2022.

And then they're going to start this quarter. They have to recover. Yeah, as Ranji said, there was seven cents now recovery they need. 1.31. In six days. 1.31. 1.0.07 now recovery they need by six days. $1.31 in the last report, as I them say. Yeah. Maybe them say a good reason to buy some assets. You see, fundamental reason.

Or the MMB. The MMB. week. Fundamental reason. Or do you, maybe? I don't know. If Randy's talking to us, I'm not hearing him at all. Yeah, I'm not seeing him. You hearing me?

I don't know if he's talking to us. I don't see the volume indicator moving on the spaces. I think he was talking to us. He's not picking up. I don't know. Yeah. Yeah. He went off and he's back on as a speaker. I mean, there was some wrong.

Well, yeah, there was some recovery too. Or they're booking that last in that quarter. Yeah. Which I can say impacts Chum T. Chum T. Yeah. recovery too or them booking that last in that quarter yeah which like you said impacts yeah so that that's native sentiment on top of weakened sentiments from this spin-off thing because every time we approach the timeline for the thing the things fly up whereas the flying is less and less each time we're know where the fly be or the fly exactly

I think people retire at this thing and they're probably waiting for it to actually happen or if it happens then it might not be the reaction might not be to the devil or anything if everything goes the right way then

they can get a reaction out of it if that's what they want. Yeah. Oh. If they're selling, then there's less care about the share price if they don't own any, right?

Right. Are we talking jammed tea here? Sorry. Sorry about my sound screwed up. I was saying to the people on YouTube

who could still hear me that I had actually gone on a little tangent. I don't know how much of it went to Twitter. And I said, I don't know. Not one. Not one. I'm happy.

But it was, it was around QWI. Like, why are we looking at QWI? And then I was saying, I was looking, while I was looking for the thing, I stopped looking for the NAV then.

But I'm thinking you're coming to the end of your year. You're coming to the end of your financial year. Jam T, coming to the end of your financial year. And Jam T, your business might actually be doing pretty well. Or okay. And QWI might actually cause it to face a bit of a loss, right? And a loss on QWI impacts JamT heavily. And the biggest holding in QA is access.

And so I was wondering, like, it was kind of pissing me off that why would you say anything against access being acquired? You're speaking to these results. If you truly believe that access is mathematically impossible for access to be acquired, stay quiet. Don't say nothing.

Stay quiet. There's no reason. I can, I don't, If the sentimentality is great But I don't believe it's possible I'm not losing here because I don't want it to be sold And It's impossible scenario where the thing I don't want to happen happens

It's an impossible scenario It's not going to happen right But people mind People is buying it up on the basis of things. I'm fine with that because I actually think their bias makes sense because I actually think access should be worth

more than that, don't it? Not just that. Not just that. As I say, the people who grow up Jamty Jamty needs it to not worry No, no, no, what I'm saying is

They literally It's not like them saying access It's not like the whole point of The buyback don't make sense The buyback don't make sense is that why access going up You get me? So what I'm saying is You hold access

And you actually believe access should be worth more. So somebody buying at 30 is sensible to you, right? So it's not like them saying boy, you're stupid for buying at 30. You're stupid for buying at 27. And this thing won't happen.

You're saying this thing won't happen and the thing I want to happen anyway is still happening. People are buying this year's higher. I'm not seeing a real reason why I'd be talking against it. It's not that they take it and say, boy, you know, this thing shouldn't be sold but you guys have no reason to be buying it at that price. You're saying that price that you're buying is at next cents and this team not going to happen. Where are you making this? I was going to take it from another... I don't want to approach it because I don't want the wrong impression to be given because I have so much respect for

John Jacksonwood. If I'm just thinking from an employee management perspective, if I'm managing Jamty, the QWI department needs to be quiet because access needs to end September above $23.50. Or you are very likely going to face a loss, which is going to mean that all other departments on the Jamaicaica seas all their work will be for naught because movement affects everything else so heavily

so it don't make sense to me yeah i was running jumpy why are you talking i don't come out the next day saying i believe dollar is gonna buy access and i'm telling you why it's good for access too if I was running Jam TV I'd spend some of the marketing budget buying access of course to be above whatever price I said 2390 or 23 whatever on September 30th

because 2350 because you can make us get hit with a loss I don't I don't know one cent I remember this being said once

I don't know if any of you guys remember it one cent of NAV increase for QWI is how much profit for january as i was saying as I was wondering if anybody knew that thing that one cent of of UWI's NAV movement is whole of a much percent of profit for Jamty. Think about Jamty. It could work the same way in reverse.

Every cent done is a possible loss for Jamty. Every cent done is a possible loss for Jamty. He faced a situation where... I mean, I spin off my cause. Wonderful noise anyway, but I'm thinking that some of the typicality happens at the top of these companies where you want to do the interesting thing with the company on the back of great results. Right? with the company on the back of great results. Right?

I don't know. If one of the possible arguments was do it at the end of the year because it's neater, in my book, that's a sort of thinking that is also linked to the kind of thinking of, oh, we need good results before we do a whatever. Before we ask the public for money. Now, I don't believe that personally. I don't think that's a word,

but we know that that's a perfect way to put our thoughts across the space. If they don't have good results, someone may never come. We may never see this, you know? Yeah. I'm afraid my hand is not ringing on the top. I'll put it in my hand.

I'll put it in my third. And I'll have to look at it from how you're doing this. Will it work for me? I think there's so many other great options in America with more solid timelines and I'm part of this piece because I still have some QWI shares

I wish I could have shot the damn things I'd have made so much money well that last dividend announcement would have been a good time to shout out right after because everybody rushed it though. I think that was the last dividend where the price flew. That was a nice opportunity. Yeah, for sure. Why? Shouting?

There's no way you're upset about this. Yeah, I don't get why they're upset about it. We've been talking a lot and I know we're coming close to the end. The last, oh, I don't want to go for five hours. And, sir, Father Sin has been waiting forever. Father Sin, you can hear. Father Sin, long time no hear from you. All the dates going.

Sir. Man, I can't hear you. I'm actually on. On the Brick Talk date. Actually, I'm actually on an internship so we're good imagine she did crossing and we say holidays and her response is well upon internship you know so you know how you feel

if i was here i wouldn't feel so good it was a good internship and match me up you know. Don't listen to that night. As far as I'm concerned, what's up? As far as I'm concerned, some custody later. So, what's going on, Big Boss? How's the market? Well, I'm a bit disappointed that the CPGA Resort didn't come out um earlier yeah but um still have opportunity to get more right um we're thinking about results why why you don't want to come out there and then why it coming later opportunity um i had to be honest but there's one there's just one answer this your

price moving on portfolio um yes yeah which which company yes i missed this i missed the stuff with some cbj yeah yeah yeah what's easy yeah wait what do you think it was in the result made the price for that sorry what do you think you're going to see in the results that will make the price fly um well the increased tourism numbers um particularly no not necessarily um the um i'm just i just want to say like oh well they um they would have performed for the party yeah but you know you know don't really mean that.

Like I said, it's an opportunity to buy more. So delay means you think the results will come and the price will fly. And because the results aren't off, you think that's how the price will fly. So if you buy no

and the results are from the price fly, then the thing you were doing makes sense. That's what I said. Yeah, something like that. What price do you think it will fly apply to she pays a lot of price now it's probably gonna be the price noise 1388 and 1388 what price do you think they go to when the results come out i imagine that you have to say that certainly about profit because you saw it

so he's on you saw the tourism was worth like in the quarter. They think the profit's going to be high and people are buying it up, right? Yeah. What a thing, eh? What price does it think it goes to? Anyway, say that. No, it doesn't define that. I find that part interesting. Yeah.

The thing is that, you know, I remember, all right, so you asked for that, if I'll be selling it for $20. No, no, no, no. So you want to say, mm-hmm, country? My barmigo, too. Yeah, so there have been talks about APO slash rights issue, or combination of both and i wanted to see if the only combination is if one happened and next one happened that's how the only combination you can happen okay i mean but that you can't there's no one thing you can give us that's going to be both. I was looking, I wanted to see what

is going to be discussed at the AGM next year. Next year? Either the right or the left. Well, you see everything I said really add up to the thing you want to do. If you're waiting on a reason,

you're disappointed results formulate because the price would fly based on the level of if you're waiting on reason you're disappointed results formulate because the price would have to like the price of fly based on the level you're going to make This is not those kind of shows We're not ashamed of profit You don't want You don't want You don't want the price to go very high We don't consider from 30%

We consider it like a margin Why do you consider it to be high? To fly like from a 13 to a 30. Okay. A 13 to 20 isn't a fly. What?

That's a 50. That's 50% when the report drops. 53.8%. That's not very sharp. That's how much% when the report dropped. 53%. 53.8%. That's not very sharp. That's how much 13... When the report went up, you...

They are... They said that no later than the 15th of October. But why you want the price to go up now to 20 when the results come out, if you're looking at next year's AGM and the raise then, you don't need the price to fly.

What's your opinion? What do you get from the price going up at this point then? That's what I want to know. Because you seem to be tying two different things. You're not going to sell if the price go up now, but you also want it to go up now to then look at the next thing that's going to

do whatever then why why the price won't go up i'm not saying it's wrong you know i'm not saying you have no right i'm actually asking no i was just saying that you don't look good you need to make the money so why does it look good if i don't if if i want a hundred percent and i wait 99 days and it don't move but the next day i can sell a hundred percent of you know i need to do i don't have a 50% to prove that my portfolio is doing whatever. You know what I need to do? Sure. So, that's something you need to look at.

It's also something that affects people's habits. The portfolio needs to look a certain way in between. Especially when they're tying their money, the money they need to make, onto things that happen at a very specific time. But they want that in-between niceness. We're not really able to help them.

It can help. They can have reasons for that. But if the price goes up, then I can get a better margin, and I can do an XYZ play over this money. I can put more money down onto the same thing. Yeah, I like that explanation. money down onto the same thing but yeah but that's the problem i'm not saying nothing you're not surprised if you

happen i think you're i think you're very like this sounds really good thing there you'll be surprised if it happens or if it doesn't happen. I think you're very right. This is a really good thing there. You'd be surprised if it happens or if it doesn't happen. I'd be surprised if it doesn't happen. Go to rise or to profit. No, but then I said that I was looking forward to the result because I'm expecting good things from them. I was saying that I would be surprised if the results weren't good.

Were not good? Yeah, yeah, man. So you expect good results? Yeah. Yeah. I also expect... We want to go 20, so you can see it at 20. I also expect massive results, but I don't know.

I don't know that the massive results were that... I don't know the massive results, but I don't know that the effect that you're talking about from the massive results will happen. But I do expect massive results i don't know that the effect that you're talking about from the massive results will happen but i do expect massive results yeah massive results yeah yeah i would be surprised if it wasn't if it was bad and i would i would then i'd be very interested you'd be very interesting to me if it was bad it's like oh yeah my most interesting we'll come back to svl my most interesting report for svL was the one where the profit was flat. The latest one where the profit was flat. And for me, because I didn't expect that initially. Revenue was like 2 billion more, eh?

Yeah. And things were going how i thought they were going and um yet the profit was flat and that doesn't weigh why that that don't make sense and that in the same way if cp is um if those ones are not stellar this time for cpj i will want to know why. It will be very interesting. And interesting in a good way, because there'd have to be a lot for them to not be good.

I want to segue into something. Like you said, one-on-one. Yeah, so I applied, right? But I just had like a careless 10 grand, right? And I applied on MTV Go IPO Pro, and I entered the exact amount that I would need to, the exact money I would need to um the exact money I would need to uh enter to get 10,000 plus the fees and when the when the uh allocation came right it was 5,000 units plus

um a percent of the excess Yeah. Something like that. But when I... So I was in my head saying, well, disappointed, but I'm not going to... I'm going to go in and check because just a small amount and start talking about the refund and just go and check.

There. But one day I decided that I wanted to take a look at uh um the amount that i got for one and one i realized that i got 10 200 1200 and i was like whoa because i didn't i don't recall um spending that much money but what i do i don't remember what happened was that when i was online i submitted the application pro there was something happened and it wasn't submitted Something happened and it wasn't submitted. And then I redid the process a second time.

Instead of continuing the original one that didn't work well through. And then it went through. So I was trying to figure out, like, I don't know if it is that both of them went through. And I got double the amount because I don't think I got any really full. It was a surprise though. I'm sorry? You know where to upset people tonight? You're the second person to come and say, I put less than I've gotten more

than I should have gotten. Almost double. You know what I mean? You know what I mean? In fact, your people are qualified and should I get what I'm supposed to get I never get chosen I hope your voice isn't recognizable because no way in hell

I'd come on Twitter and tell people that I put ten grand that I'm supposed to get five and get ten let me hear the rest of the story so you're actually selling units? yeah

they disappear still they disappear or you saw them I saw them since week but I even went as far as one of my co-workers. If he knew anything about it or heard anything about it, he said no. I'm trying to understand what you're saying to me here. In short, you applied for 10,000 shares in one IPO and you got 20,000 instead no I applied for 10,000 and I got 10,000 the allocation based on allocation I believe I should have gotten 10,000. I've gotten 5,000 plus 2.8% of the other 5,000. But instead you got 10,000.

I got 10,200. You also got a fee. Yeah, so I got 10,224 Units And the amount that I The amount that I Applied for through YPO Pro was

10,172. You got more units than you can fit. It's applied, actually entered as an OK. Yeah. But it was long after I saw it, though. It was such a small amount I applied for, I was... Yeah, but... You say sell them this week? such a small amount I applied for I was um yeah so what thing is in your mind

you said sell them this week oh god I've been talking this whole time yeah and he's supposed to get

5,100 and get and get 10,000 get double plus the fees plus the JCSD plus

he can just get everything free that's crazy He can get more than the fees He can get more than the fees He can put money in Yeah Yo that's legal

That's Broke out I don't know what I'm talking to do I don't know what you said Anything What did you do to cash it out Yeah Yeah I did

21st Hold on For that scene I wouldn't come here I wouldn't come here And say how much How much it was exactly I get this

I'll check everybody I get that unit there And say who And then I'll check Everybody want to get that unit there And say And then check Everybody want to put 10,000 And get that exact number Yeah man Something's wrong

On the 21st I took it all out You want to tell us The JCSD number Number two Make it easier for them I mean I don't know what to say

I mean But It's not a him problem. It's a wonder about that. Because a small amount, it's a finite amount of shares. Nah. Watch me. Think of that.

Exactly. Watch me. 5,000 units is another person. That's somebody that is dead. Mm-hmm. Yes. Mm-hmm. I I mean, last you heard the young lady who said her her grandma, her aunt, who got the woman's base. The woman was a teacher.

Yeah, same idea. Anybody get in For foolishness Can't get up and say They want him They try to put another person's Allocation up on his His two ten thousand Allocation get That means

Everybody else Got out of a Got less in a pool Got less in the pool because And in fact The guy earlier on the call Said the same thing He get ten thousand cause that and in fact someone gonna die or gonna cause it the same thing you get 10,000 and wasn't supposed to

that there is a need the allocation and the freedom is a final amount of stations so the allocation was done with error for Fathers' Day and the next birthday in there. That's crazy. Which would explain why some... So, the market is missing 10,000 shares at least. But the market is missing 10,000 shares. Meaning, everybody that applied for one-on-one that 10 000 spread of special spread across

and if he's not them alone then that's more than 10 000 how much the broker walk up his hands answer bro that's crazy i wonder if he's a secret they're never gonna sponsor us Jesus Oh my god That is crazy That's truly crazy

I didn't know what to tell you Because In your shoes I did the exact same thing I would have sold it Day one Not day one I probably

Sold it day Day two Day three I was only one not the one so the day they took that it it they three they do you yeah I saw the day three same thing immediately with the everybody like everybody get the same for the many times on WhatsApp the price it's a poster I just think that and put it in on day 3. Wow. Are you sold it at profit?

Yep. Free free free. Jesus. I'm sorry, I didn't, I'm good. My wife is good. It's the next day, dad. Did he apply under another class? Let me ask that. Did he apply under another class? No, it was a general public. And get more shares than him supposed. He got more than $10,000 worth of shares.

That's the worst. He got more shares than him. Come on, get brother. He got his average price is less than the IPO price. Yeah, the funny

thing is people hear this and fix it. Us. This is a fix it. Come on.

Us. Why are they highlighting it? What? This is beyond this. Come on we don't work at Settiquo, that's why. I know you'll never get a job there then, I want you to know that. That's fine. That's a literal other person's allocation.

Yeah. Literally somebody missed out on the IPO here or that's one more unit for you who did vex get only five thousand jesus that is crazy why i don't understand is this how do i give you more than you gave me money for like where's the checks and balances there? Exactly. That is... Here's a... JC should also pick it up.

Well, maybe... JCSD must. Maybe not. The allocation list is sent. So, JCSD. I mean, I know the thing there, but there's another thing there. Why? I know there's there, but there's another thing there. I know there's a system of meaning if I have to make sure that the buildings go in and

then... You worked at Mayberry. And that's exactly what I'm talking about. I'm talking from the regulator side. Regulator checks that. They at least check that everybody that applied, applied by right time and at months and they do get allocations they do they get allocation they get the list of allocations i don't know if they get i don't know that to me i'm checking my head how far that process actually yeah

the checking everybody get the right allocation i don't know to be honest you know what i'm going to give away the services of fixing that for I don't know to be honest I care about You know one time I was going to give away the services of fixing that For free Not because I was being altruistic Because I didn't know that No no I just didn't know that there was money in

Like if you understand the process And you can fix it The people who do that don't do it for free I was annoyed I thought it should work To broker us for free I give them it's a you're coming to help us to see to show it as I would go and do it and be a great I can't believe it the lawsuit that's beyond lawsuit

territory Britta that's not probably I i get any units and that can happen to me but not even this here as every literally everybody else in the ip as a case because that's a final allocation and somebody got something which would have which would have been spread across the pool which means i got at least one less unit and you're not the only person so that's two people that's exactly if it's two then it's not the only person, so that's two people. That's exactly. If it's two, then it's not. The only thing I'm wondering is this. You'd have to...

I don't think we have class action in Jamaica, but... They can... Yeah, yeah. Get out of the heads. Or maybe it's noon, or we don't have it, but regardless. Clear, clear, clearly, clearly. We clear clearly clearly need fixing tell me this though well far as we don't don't want to change yourself anymore but just answer this you have a common name like your name sean johnson or whatever the name there yeah okay good

yes or no you say yes i heard yes no sorry not sorry no no you do not have a common name you have a unique name No. Nick name? Damn. Work. I'm playing him on boss. No, but then hold somebody, you get that- What? I don't think you're the wrong one here. No, you haven't done anything wrong. I'm not worried.

There's nothing to worry about. That wouldn't be- And it can't reverse, you know. Exactly. Yeah, because suppose I was the one who bought those shares from you. It's not on you, exactly. It's not on you. Did your account show a negative during the time?

Like when you saw it before you said it, your account had a negative on it in terms of cash balance? No, because it was the only... no. Good point. no because was the only no good point well JT I would have showed up but I don't have like a broker system for clients I don't think so that's how you correct plans are supposed to be the hardy think it's see what's going on over there you're you want to help, you know. Do they? Enough for you again?

The check would have to be heavy, but it can fix. It can fix it. It can actually recover wonderfully. And as you can tell, I know I think our... That's crazy. That is crazy, bro.

...systems linked to the... So if you want to help, call that check. It's a heavy check. I'm sure you guys have it all under control But I'm sure you guys are on top of it You don't need me But if you want If you want to That's crazy

Where are they? There When people are supposed to call the police, they're not calling the police. I don't even know what to say. Honestly, I don't even know what to say. It's crazy. And the fact that you're silly, and I can't wrong you, I would have done the exact same thing because I know that

if I said you're silly, that's that. Well. silly that's that hmm well anybody want you give me last few minutes more than one to it

um are you also attending anybody have anything how much broker system arrows to keep we heard this

since week bro that's a lot that is crazy this is like the third or fourth one. And that's us this week. And we're hearing this from before. Wow, that's crazy. Boy.

That's bad. You get more money. Oh, God. More than you can afford. More money. More than you can afford that's that is the thing that i have been completely lost more money than i put you said the maxi 3 here, Maxi, even brought her in there. Jesus.

You said Bakers doesn't. Run him allocation off. Your father's in there, man. Bust him. But then do they have to pay the JCCC fees? Yes. Yes. Yes. Oh my God.

And it's not a paper application. It was all online. All online. Wow. What's the error that caused this? Not a glitch. Not a glitch. Not a glitch.

Yeah, that's not even a glitch. Well. I don't know, that's... That's not a glitch on... um... on JSEED. Yeah, that's not JSEED, sorry, JSEED. That's what they're supposed to do.

Wow. Honestly... Do you have any other free shoes? Any other quick wins for the people listening? Or anybody wants an allowance for the three? Request to see your chat.

I'll close out the show. We're going much longer. I need to rest. I have growth tomorrow morning. Oh, yeah. You have growth tomorrow. Somebody on Twitter, address i have growth tomorrow morning oh yeah i've got tomorrow uh somebody on twitter renard's a fool for fee money get chopped no straight up not even fee money like an entire other person's

allocation the ipo could hold one more person comfortably that's crazy and there's more than one person i know vixen and never get none wow yeah i'll consider it a donation in time oh god make sure you donate it don't make me cool yeah make sure you donate to actual charity karma is real i don't mean about it karma is real so you don't mean that badly. Karma is real, so you should. You got something good happen to you, luckily. And you sold it at profit. Yep.

Profit. You can more than pay it forward. You sold it at profit. Oh, my God. The man put money in the IPL. You got refunds? No, I didn't get one. Oh, okay.

Wow. We need to open an account there, man. Something will go on, man. We'll get free shares. We can get free shares. That's crazy. Word. Word. free free shares where we can get free shares that's crazy wow wow the only bots is word word word wow hey new reason to apply i do reason to apply to feel you have anything on top of this

week to close it out i don't think about you want to speak here because i'm gonna say something interesting things coming up this week, you know? Yeah, that's a good thing to close on, Tanser. What is it coming up this week? Interesting. Yeah, man, one of the nice things about the Evermickel calendar, you can look it up. That is true, Evermickel calendar.

Yeah, there are a few what you call reports due on Wednesday or due this week year end reports looking forward to seeing what MFS have in store if it's going to be the same year end as the

MFS MFS. MFS is audited report. Audited full year. But I don't think audited full year. Do you think it will be much different? Do you think it will be much different from...

So, right. So I don't expect the auditedited the actual financial report to be any different but um mr mr dino yeah he did make a statement that they would be laying out some of their plans at the time of releasing that report. This report or what was the Q4? What did he say exactly? He specifically said the report, the audited report due in September.

Oh, where did he say it? He said this on... What's the name of that guy's program? The guy from Makayla. Oh, on Instagram. Instagram. Yeah, the Instagram and YouTube. Yeah, I know who you're talking about.

I don't remember. Makayla Financial. Is he one of the owners or something? Yeah. I think he's the CEO or managing director of Makayla I found that interesting

I found out that he loves that yeah it was actually funny when he said he said that he pulled off the deal of the year last year and Dino pulled off the deal of the year this year on that same program interesting pulled off the deal of the year last year and Dino pulled off the deal of the year this year.

On that same program. Interesting. Well, who said that? He said that. Who said that? He said he pulled off the deal of the year. Last year, yeah. I can't knock him. The deal of the year being... You can't knock him. I guess so. I can't knock him. The deal here being...

You can't knock him because he gets up. He doesn't even know. Yeah. 51%. Exactly. Yeah, 51%. Yeah.

So I'm still having 49%. I'm going to leave here. Yeah, man. I'm not lying. It's good business. It's good business. Good, good business. I can't find my name Very very good business

So okay That's interesting I thought you were going to go for the The Burrito No no no You want what? Burrito

Burrito Burrito Burrito Burrito What do you think Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito Burrito I don't know. You want me to tell you? I don't want to tell you. I was going to. What do you think about your team in the NBA? I think they're going to announce it on the 29th or the 30th. And it's going to be... I think the X-Date is probably going to be the 15th.

Not the X-Date, right? It might be the 16th. Yeah. What do you think? Yeah. I thought it was the 14th. do you think yeah I thought the 14th I'm supposed to the 14th is a

the end of the no man the day of the week I think the end of the it's a Friday the 14th is a Friday correct so I feel like

I want to feel like I could be wrong, but I feel like the... the dividend record date might be... It wouldn't be the Friday either, would it? The record date would be the... Yeah, the record date would be the day. It wouldn't be a time of the day. The record date would be the 17th. Yeah.

X date would be the Monday. Let's look at it here. What I'm thinking is that record date the 19th, X date is the 18th. Last date is the 17th. Yeah. Could do that. put that that's that's that's um that is like that's three percent dividend

that's what i'm thinking last year, 3% last year. Last year it was $3.03. Yeah. A lot of people bought it at $85 this year. Yeah, about $3. Yeah, so that's more than a 3%. Yeah, the last 15%.

Last year the first dividend of the year was 75 cents, right? And this year it was 55 cents. 55. So if you suppose you take the other 20 cents and throw it on top of this dividend. Yeah, 324. You can never tell with Barita. Whoever is there doing this

obviously understands the market. That's the last unknown quantity on the market for me. It's true, you know. Yeah, it's very, know so many yeah it's very very obvious that was there knows what are you gonna make it even just them daily trading better second just their daily trade he even does their daily trading on the market sometimes it's like Them guys really know what I'm gonna do. Yeah Yeah

But that's not what you were thinking I was gonna say You had mentioned in effects I thought you were going to talk about the thing that they mentioned in their fourth quarter results. They said it themselves. I don't know what they said this year. In the first quarter of the next financial year, they'll be focused on refining their model, building a balance sheet. Experts should love that. And executing MOUs to complete their first two strategic acquisitions.

Yeah. We have five more days, five more trading days left in the quarter. First quarter, right? Yes, sir. So it is um it is one to watch as the experts say one to watch

i want to watch as experts all right um let me let me i'm going to then are you back let me I'm going to Danai are you back? yes I am back you know when I'm there I talk to myself I'll tell you I say yo you're talking we can't hear you again Randy I'm the one out

you're the one who's out I'm going to roll the dice on on yo his name is not I've got to roll the dice on on yo Fadas in DM the details

his name is not yeah it's not the kind of name that you would yeah it's unique enough and he really sold it I was going to say Fadas

I don't want I don't want people touching you I don't want I don't want I think Fadas is going to say well you know

the whole the whole whole um was a whole elementary idea what so who says that uh i mean again sure you know the simplest outcome tracer i think well you know the other other things you could just be lying what now see he's not lying god damn he's not lying at all you know that don't make sense they can really give him more than he... He got double what he would have gotten with that 10 grand allocation.

He was going to get 5,100 and something plus the fees and stuff like that. Plus more money than the fees. That's... Uh-huh. So he ended up with more money than I put in. Yeah. You should never argue about that.

put in. Yeah. Freeness. You should never argue about that. And he applied. Is that like him applying last minute? He applied long before. He's saying get an early bird discount. Early bird discount. Average price with an IPO. When did it close?

When did it open ah yes Damn. So he's not lying either. I'm really low code. It... August 12th. All right, no, he did kind of apply. People applied after him, but it's not like he applied extra early. Yeah.

I won't say any more about it. You've done your part. You've done your part. He got more units that all the tax. So they give him their money. Damn.

All right. I guess they didn't make anything of this one. Yeah. So as I said, I was thinking about buying out people's stuff.

That they mentioned very clearly about their acquisitions publicly in their financials. But give the market some time and they'll realize what is what. But no, I'm asking them. And they do have results due in four,

report due in four days. So that would be very very very interesting to see yeah very very interesting looking forward yeah i'm looking forward to it too uh all right the last thing i was going to do is i was going to roll the dice on somebody who sent a request i thought it was a troll but it looked like they have they have turned it off and i am happy that they have if they're a troll, but it looked like they have turned it off, and I am happy that they have. If they're a troll or not, we'll have to worry about that.

Thank you guys very much for listening on this Brick Talk, or watching us on this Brick Talk. It's been an interesting week, and we have another interesting capsule coming up for it. Thank you, Dan. I have to say thank you to everybody who came in and sent a request, asked a question, or even just listened in. I hope you learned something.

And look, there's somebody who's actually trying to do something right at the end there. I'm going to kind of actually hear what you said. Sorry, just because I want to. I don't want to have that gap on closing because I realize sometimes when I end it on Twitter, it is very, very abrupt how it ends. So, Batman, what's up? Hey, how are you guys doing? Yeah, I just popped into your room and I just have a quick question. Is it possible to trade Jamaican stocks, like day trade Jamaican stocks online?

So I could probably do that from the US. What's day trade? Is there like a platform? Pardon me? What's day trade? As in like buy and sell, like by the just within the day just buy so you can do that Jamaican stocks, yes, sir. Yes Okay, so what platform is available? J trader are you Jamaican?

J trader. Yeah. Yeah, sorry, then I was asking are you Jamaican? Well, I'm Jamaican but i um i live in the u.s in boston okay but i i trade a trade this side like u.s stocks you know you can do that from um like futures you know guys know what futures are right now they trade stocks we've heard of yeah but i yeah but I've been looking for a platform. Yeah, it's not... Local market is not quite the same as the U.S. market. So what I'd say is, yes, you can do that.

Don't expect the same sort of framework and setup. But yes, you can buy and sell stocks within the day on the local market. But the U.S. market, it is obviously... It is a huge on the local market. But the US market, it is obviously a huge part of the market that you can do that. So there are tools built to encourage that. And I'm assuming if you're actually doing that on the US market,

then you are paying those heavier fees because it costs more to be a day trader in the US, right? Oh, not really. I mean mean it's pretty much like cents And some most platforms are like free right now So Yeah but You can't day trade

If you day trade You have x amount of day trades before they stop you But they don't stop you Before they No no no That's if you're on a certain a threshold of 25 000 um us dollars so if you're above the frequency the frequency also matters that's what i'm saying no if you are if you have an account that's above 25 000 us for stocks you can trade as much as you want so

whatever you want and for futures like futures like trading like gold oil and whatever and there there's no minimum amount you know it just depends on your account size yeah but back to it i mean i just there's a certain sbc guideline that if you need it, it tags you. It puts the, it puts the onus on the broker to tag you as that. Yeah. But I'm just saying if, if you have above $25,000, you do not, that's a pattern. They trade a rule you're talking about, but when, if you have above $25,000, you do not,

that does not apply to you. Okay. So you could literally buy a stock just within one minute and sell it the next minute. And you won't be flagged for a pattern day trading. Okay. So if you are less than that that's where those restriction applies where you can like sell and get restricted for like clearing after three days we the funds are cleared so you can actually do that again but if you have and above the 25 but the thing is I mean yeah, yeah, but yeah. So you're saying there's nothing that allows that degree of frequency.

No, there is. We said there is. There is. You can. You're fine. Yeah. Just don't. So which broker is available?

It is from six. You know, we have 15 brokers, and I think you can get that from what we're looking at, 1, 12 of them you'll need a JTRADER system to do it I think technically JMNB you can also do it right you can also become you can buy the same day you sell with JMNB same time with JMNB. Alright so somebody tell me that more people tell me that and then clients keep telling me they don't they can't i don't actually really care you can you can yeah i was looking into it but i mean it seems like i have to go through that you understand where i want to directly participate in the market

i don't want to like up here is electronic you're technically trading through a broker but you're actually participating directly with the market okay and so that's a company's name as well no it's it's uh it's a system from the jc and like if he's yeah if you have the right broker and the broker opposite so tell you what the broker's opportunity right now so if we pick out a little so what are some so you're saying jm not jim with other brokers i'm just looking to jimmy has a different system bar Burrito, JN, MVR, CapMarket, Proven, although I gather NCD, CapMarket, SSL, VM,

QMax, GK Capital, most of the brokers offer access to that system. And I want to be very clear on something. On the system, you can stock in one day and sell the stock in the same day. Yeah, I understand.

That's what I did. But... It's not as snappy as you think. It's snappy. It's snappy. It's the best system that exists locally. However, the market itself is not filled with a lot of people who do that. So you are not necessarily going to... I do not think of the US system at all.

You think of the local market? Almost blank your mind and come to the local market, completely new. I think you're saying there's not enough liquidity to actually... No, he's saying it's a different market. Different factors and different influences, different speeds. So don't expect that the same reaction you get in the

US market for whatever you're doing or the same reasons you're going to a trade because you know certain behaviors follow that protocol, that's going to be different here. So you can't use the same technical analysis you can't use the same, boy this price is going to go up based on that, maybe, but not in every case

or even just the speed of the move up different things there there is a liquidity, it's not really nobody said no, no, no gentlemen I do not use fundamental and unnecessary traits Nobody said, nobody said. No, no, no. Gentlemen,

I do not use fundamental analysis to trade. So basically, that's cool. Nobody said that either. I'm not saying liquidity as your, the word liquidity, that's not a problem.

It's just a different market. That's all. It's a completely different factors. So the basis for your gains in the US will be different from the basis for your gains here the us will be different from the basis for your gains here yeah but there's a chart to trade and that's all i need you understand so

i don't really care about when once there's a chart to trade and there's enough liquidity to trade i don't really need anything else i don't i don't really do. It's something you don't understand. You need an understanding of the local market. Why? Because if you approach our local market, the way that you approach the US market, you will not make money. And you'll be frustrated and think that the market isn't working or it's irrational.

It's not. But how you approach that is the difference. So, for example, you say you don't use fundamentals. I guess you mean you use technicals, right? And I do not use some prescribed technical analysis. I just want liquidity and movement. If you truly believe that, that's all I need.

If you truly believe that, you will make a mint on the local market. But it's going to take you some time to understand. Or, or, um, the local market it's going to take you some time to understand or or um shit magic it's gonna take our time for you to understand our technicals but if you truly believe that you truly approach the market like that yes you you can do it you can find you'll be fine and you make a lot of money money. Yeah, that's what I'm saying. So my concern would just be liquidity, like enough buyers and sellers on a daily basis. I mean, what kind of money would you invest in? What size portfolio, ballpark, what kind of money would your overall portfolio be?

Well I'm like north of, I have access to over 100k up here in jamaica um so um yeah i don't know how that's what i'm saying i need to explore the system see how what's the minimum like for like is there a minimum like on a day trading like volume we don't have j trading system yeah we don't have official dates trading here so like you're not going to come out of the day trader that broker just gives you a margin upfront i'm asking you have to put money into the market at first how much money are you putting in not the exact number but ballpark i mean i i'm gonna i'm not gonna put to put my full desired amount first.

I mean, I would try to start with probably like even say... What's the amount you're thinking to start with? Ballpark, like around 20K US just to start with, just to see how it works. Double it. You'll be fine for liquidity. There's more than enough liquidity at's more than enough at that level yeah for me in a way you mean it i mean they they money in money out in the day you'll be fine yeah the problems are 200k yeah yeah i know i know yeah i mean i'm just gonna be tipping around to six for the system

but I know that like almost money typically put into a trade you go all in on every trade not really all in I normally scale but I mean the thing is I know if you have a hundred K how do you decide on what's most positive trade all right here's the I do stocks but the majority i'm going to tell you majority of 70 percent of my time is spent on trading futures and which futures it's like you have brokers over here that offer like um per contract you can get like 500 per contract yeah off like they are so you don't really That's not here. So your straight money will be going to the market very

likely. Unless you have margin, but it won't be worth per trade like that. So I'm asking how much of your money do you typically put up for a trade? No, I'm trying to explain that to you. So to make the type of money I need, sometimes I trade like 10 contracts per Nasdaq.

So you can multiply that by 500 and i can make like two thousand three thousand dollars you know what i'm saying with the with the futures but you do that consistently consistently i mean here's the deal i mean it's i wouldn't say every day some some there are some days i'm making like 500 some days i'm making a thousand some days i'm making two thousand some days i'm making five so what's what's the most you mean what's the what's the most common number you make on a daily? And how often is that? Right now, I'll ballpark it around like one five.

You know? So you can make $1,500 a day. On five grand? Buddy, my account is way bigger than $5,000. I'm just saying. To enter the market. I am not trying to measure with you. I'm looking at what I'm actually

With futures with What I'm asking you is if you do that because you're talking about that's like what 15 30 percent that's 30 percent a Trade if you could make a% you're not looking anywhere else why if you're you make 30% a trade you're a 100k account and that's a you're talking about a 5 grand trade

so everyday you can then your typical score is 30 grand a day no is that what you're doing? No, no, no. You guys are looking... No, no, no, no.

We don't want to say it, bro. No, you need to understand. Give me a break. You don't understand what I'm saying. I'm just saying. Listen to what I'm saying. Futures, they give you a margin.

You can use $500 to control a contract, one contract. You understand? So sometimes I'm trading like 10 contracts, five contracts, just varies between.

And you asked me for the ballpark, how much I make average. I give you the average number of $1,500 per day. So, to 30 cents. That's even...

That's 30%. Exactly. That's what he's saying. If you make $1,500 on five grand, then you make 30% per day. Yeah, but that's not of the entire account. You know what I'm saying? So, you're the one

that told me this. So, you make even more money no but guess what you're not gonna have five thousand dollars and trade like exactly five thousand five um use five thousand that's basically the limit on the as i'm saying it controlled but you're gonna need more money in your account. Well, he said he have a home that money every day so You have a hundred now if you have access to a hundred thousand why not I don't trade a hundred those what's the spire out there? What's stopping you from doing that if you have a twist? Right. I'm not ready to go that big understand and this thing is trickier the more If I can make 1500 if I can make 30% a day There's no way I hit him

Are you actually making 30% a day? I feel sure that one second Bro I gave you a set ball That's an average No that's not an average That's not an average That's something I do Which is an average

You asked me before I said ballpark I know it feels good on averages 30 which is an average i said he's asked me for i said ballpark i know it feels good if you want to stretch it from the low to the highest yeah understand no that's not okay no even if you do that if you can make 30 on your higher frequency trades that you're doing constantly you don't need any other marketing world and you're also better than yeah a huge swathe of no but but that's they traded i know what it is you know don't make the jamaican accent fool you yeah bro we are not lost here we're very aware of it you notice you notice as one of the restrictions that you mentioned that don't exist cool for the sec restriction restriction the pattern day trade restriction which

is yeah but you are saying that even outside of that with the bigger money you're trading you your account is above 25 grand don't get hit with pattern date trader rules but it is yeah not ready to put more than five grand in any place more money what's the point you guys are i'll i'm i'm lost here man you guys are losing you have a hundred thousand dollars access right and you say five thousand dollars is that a level where you guys guys? You're losing you asked me the question your original how much I had to invest right? I said I have access to capital north. I didn't say it was all in one account. I

Said it was north Okay, okay, all right, so that's a little asking different. Okay, so that is different from what Christian said. So on your regular... No. Yeah, but you guys are... I'm saying for trading stocks, you need above $25,000. But I said 75% of the time when I'm trading, I trade futures where there's not

a pattern day trading restriction. Okay. All right. You understand what I'm saying okay so with futures with futures you can use five hundred dollars to control one contract it doesn't mean that you're gonna if you have like say two thousand if you have a thousand dollars you're gonna trade two contracts that's basically you're going to have much room to maneuver if there's dramatic movement in the market. So if you have, say, a $5,000 account, you trade two contracts. You understand?

So these are the nuances you, as a trader, have to navigate. You have to give yourself room. But I'm just saying, on an average average day you asked me for an average number i'm saying some days i make 500 some days you make 300 it depends some days i'm knocking like 4 000 you know not every typical day all right what's your typical day that's what you're saying. You said typical, but I'm just saying if you want to ballpark the highs and lows. Yeah, no, cool, but I said typical. So what's a typical? I'm not talking about 1,500.

I would say like 1,000 to 1,500. You know what I'm saying? Right now, I'm just like... So daily... So most times you make 1,000 to 1,500, right? You're not getting me. I don't know if I'm saying something that's crazy. I feel like you say something and I ask you if I ask you what you just said is the thing you said.

And then you say no. That's an average number, buddy. You asked me for a typical i know i thought and i was like what do you think average means how are you working on all right tell me what you think average means i don't i think we're on we're missing you have you thrown it on average help me out on average with when you take the highs and the lows and you kind of balance it out you make about 1500 trading futures daily right yeah exactly that's just a typical but it doesn't what i'm just saying but what i'm saying what you guys are not understanding

there could be a lot of small numbers and a few big numbers and you still have an average you understand and no we understand average man I know what an average means trust me I just just I understand what I'm saying so when you average it out you're making about 1500 a day 100 per days right yeah and on average on those same average days average when you average out the money that you put into your plays, your trades, it's about five grand. Sometimes it's a lot more. Sometimes it's low. Sometimes it's a lot less. Right?

All right. I'll give you that. So on average. But you need a bigger account than whatever I'm saying that's worth $5,000. You understand? I'm talking about your account. I don't care what a big account. I'm talking saying that's for the $5,000. You understand? I'm talking about your account. I don't care about a bigger account. We're talking about real life here, not what ifs.

I'm talking about what you do, as I'm asking. All right, what I'm saying. You're not going to have $5,000 and trade 10 contracts. That's fine. But you said on average, you make 1,500 per day. So if on average... Gentlemen, what are we arguing right now?

Because I don't really get what... I am confused as well because I've been saying the same thing. I say about the thing you say to me, and then you tell me not to say it. Why do you want to know my specific numbers? Because I mean, we're not getting...

I don't want to know your specific numbers. The real question for me was what kind of returns are you making on the market percentage-wise? For the money you put in, how much are you getting? What percentage return? I don't care about your figures. On a day. On a given day.

For a year. Let me take all the dating so we don't go to the average situation again. For a year. What's your percentage return on your account? For all the dating so we don't go to average utilization again. For a year, what's your percentage return on your alcohol? All the money you put in, what percentage of the money you get? What percentage of profit do you have? Assuming you're profitable.

Because you make money daily. So, pick up. Alright, guys. Listen, you guys are trying to dig into some numbers right now And I'm not No we're not We just want to know a percentage Yeah

Honestly I gave you what numbers you need to have And you guys are still Hear me out Hear me out for a second. Hear me out for a second. Hear me out for a second. The idea that is being put forth here is not to know your specific numbers.

We don't care about that. What percentage? Why we ask about the percentage is that let's say that out of your pocket, you've put a hundred grand into the market over a year and at the end of that year you have cashed out 80 grand 180 grand not 80 180 grand then your profit for that year would be 80%. You get me? Yeah, I get what you're saying. But you guys are not factoring right here.

There are days when you don't trade. It doesn't matter what happens in the days. I'm factoring those days as well, actually. Yeah, we are. The idea behind this question is to be able to tell you what's coming to the Jamaican market. Yeah, because if you make enough money there and the returns you're making are great, then why find another market? That's what we're saying to you.

Yeah, well, I was looking at... If you can make... The reason I was looking at Jamaican markets, I know that less developed markets tend to have opportunities for outsized returns. Because I was looking at, I think, was it last year? And hold on. And to make those

outsized returns, to know if they're worth getting into, you have to compare them to your returns on your current market, right? Because I suppose I go to Haiti. Pardon me? I was supposed to go to Haiti to trade,

but in America, I was getting a better deal anyway. But I never checked. I just went to the market. So we're using this as a basis to see if it makes sense for you to come to the Jamaican market because you can make the money you're making out. Let's develop markets.

You said opportunity. What's outside returns? Give me a number. What's outside start for you? Here's the deal. Was it two years ago when I read an article about the Jamaican best markets in the world? 2015, 2016, and 2019.

What's outsized for you? What's outsized for you? For you. What kind of level of return you're going to see? Literally make like a 500% return. Yeah, the market can't give you that in none. You hear these people saying they're beginners and they're VIX because they only made 80% in a week?

Yeah, but is it realistic to think you could invest in a Jamaican market and make like 500%? Yes. Yes. Yeah, which is why I'm considering something like this,

which is how I'm looking at it. I'll tell you. You might not. Here's what I'll tell you. Come to the local market. Get rid of everything you think you know about the U.S. market. Come to the local market. You're going to make more money here than you think you're making in America.

And you'll make it with less work than you're doing on the futures market. Exactly. Yes. The key part there is forgetting. It's the part where you think, you know, this go X, Y, Z based on what you've been doing elsewhere. You have to

have to learn the market. If I were to return based on the thing you say you do there, it's not going to happen. You can't say that. I mean, I will tell you there are I mean, I will tell you. I mean, there are hundreds of ways to trade

the markets, buddy. Hundreds. Somebody agreed. I've bought stocks and I've never read one of their company reports. That's fine. That's what I'm saying. I'll just look at the charts, look at the performance, the broker, and at the performance,

the broken, a few certain metrics. All right. Which are, you would consider technical metrics. And bam. When you plan to start trading on JC? That's what I'm saying. I'm trying to figure out how. When you plan to.

All right. I'll. At me. I'll plug you to a thing there. To a. To a thing there to a to a thing there to a broker they reach out to you they'll give you what you need

to open an account it'll be either a subject for RVM or a JTrader you can follow and do anything you want to do and then tell me when you start

and three months in tell me where you are and tell me how it's been how what you've been the strategies you use abroad are. And tell me how it's been, what you've been, the strategies you use abroad and all that. Tell me how they've been working. If they're profitable, I'll be the first one to say, teach me.

If they're not, then we can work out. We can talk about why. Yeah, but here's the deal right now. I, as I'm saying, I have to do my diligence on these systems. Yeah, man, that's cool. Why? You've bought so many companies, and you've never read a report. You don't need to do any due diligence, my guy.

What do you mean? You have to check the liquidity on the thing. That's what I'm saying. That's what I'm saying. I'm not talking about company reports. I'm talking about the system itself. Like, it's viable. There's no latency.

That the system is like there's consistent uptime and all that stuff because i don't want to be clicking a mouse and the system is unresponsive and i'm saying those are the constant that's unlikely that's unlikely but there's nothing that you're doing on the local market that will require you to click a mouse before somebody else and it's of that great and important right yeah yeah do you guys like know anything about like market front running and and it's of that great and important, right? Yeah. Yeah. Do you guys like know anything about like market front running and stuff like that? Is that a thing down there? Is it a thing?

It is illegal if you are a broker. So it's a thing in that sense. What about insider trading? Is that a thing down there? It is also. It's a thing in the sense that it's illegal. It should not be done. It's illegal.

It's everywhere. Huh? But I'm sure it's everywhere. But if you were to say, like, trade. Hold on. Help me out. Help me out. I'm sorry.

I'm tired. You didn't leave Jamaica that long ago. You know Jamaica. I can hear the accent, boss. What's going on? You know Jamaica. You know what's going, boss. What's going on? You know Jamaica. You know what's going on. No, I mean,

listen, I've not been to Jamaica in like 10 years, buddy. It's crazy. Yeah, man. It don't change that much. But I'm telling you, it doesn't change that much.

Yeah, but the thing is, I have no, that's what I'm saying. In terms of exposure to the market down there, I have no exposure when I was there. So, is why I just can't wait

Will you be fine? It's anything there. There's still many ways to trade but they're there but what I'm saying down there I do not know anything about it Jamaican market operates operates. I find that funny. You heard the part where we're saying,

bossy, let's forget all the things you know there. We're giving you the context that you need and then now you're

telling me you need the context. I don't tell you anything I said because I don't think it says down there. What are you

doing? It's Jamaica. You know full well what it is. I mean, no disrespect. Trust me. It's just more like...

Oh, no, we're not disrespecting you. You know better than that. All right, here's what I'll tell you. Here's a market overview for you. There are 100 companies on the market. There are maybe, I don't know, a wallpark of 150 securities. We don't have a derivatives market yet.

We don't have shorting yet. This entire show is about that. You guys don't have a market? No, we don't have a derivatives market yet. We don't have shorting yet this entire show about that you guys Know we don't know we don't have shorting yet. It's coming though So when it comes you might you might be way ahead of the curve on that one since you have more Experience you know these things work. Yeah, because but so as you know, it's a pure market It is literally just an equities market shares and preferred shares so it's most prime for investing because most of my trading is pretty much i would say 80 percent of my trades are to the short side so well well this will be uh speaking to the other 20 percent it's it's i'm buying something with expectation it's going to go up in value.

It's more of a prime for investment. Yeah, it is investing. It's the equity side of investing. Straight equity, no sharting. You're not doing any calls or anything like that anytime you might be doing no it's just it's just it so you so when you ask earlier about can you make 500 in a year on the local market yes it's most like yeah you can and you can and you make it you make it the old school way which is i buy the stock at $1 and then I sell

the stock at $6. Yeah, investing. And if you come at the market with that understanding, you can buy the stock at $1 and you can sell it at $6. You can also buy the stock at $1 and sell it at $1.50,

which I suspect if you actually do it, you will come to respect it because the futures market is a lot more complex than our local market. But the ratio of effort to profit on the local market is much lower. There's tremendous upside. Yeah, there's tremendous upside there. And yeah, so about the, can you go about,

when you said they're going to do the derivatives again on sharding, wait, sometime next year? Yeah, you want to learn. We're hoping by the end of the year. We're hoping by the end of the year, but it's probably Q1, and it might be even longer. They've said it for a long time. I'll tell you this, though.

If you want to come to the local market when we have shorting, you'll be making a classic mistake. Come to the market now if you actually plan to do that. Come to the market now and learn what the market is now. Learn the market. Then when that new thing adds, you have a lot more things to work off of.

Yeah. And thus, I'm coming and this is what it is. Yeah. Trust me. You do this right me you can make a killing that 500% you're talking about it's very possible yeah and if you actually approach the market as a new market a market that you actually

respect and don't think that it has to work like any other market you've been work with it how it is you can make you will find that it is the best place for you to have your money. Better than the derivatives. Better than any derivative market. Better than the futures market.

Better than most of those other things. I understand, but trust me. The futures market has so much potential. Well, it has so much opportunity on a daily basis. It's hard to just say anything is better than that. And it is with that knowledge that I'm telling you that it is better than that market for you as a Jamaican. Yeah, for the upside in terms of investing right now yeah in terms of profit

in terms of profit something that the investing versus trading profit just profit if i invest and i trade and i make five if i make 40 percent trading if i make 50 500 quote unquote investing there's no way to know one is better the other is better So profit, how much money I can make Then it's better for you as a Jamaican In terms of Taxation though, like on your returns What is it like down there? No cap gain stacks

Pardon me? There's no cap gain stacks There's no cap gain stacks Nope So you're saying So there's no there's not a way we can say that there's no capital gains tax in jamaica is that just for um a certain time no that's from as well there's no capital gains tax in jamaica that's it there's a tax on dividends 15 percent

for some for jamaican companies paying dividends to jamaican shareholders outside of that there's no cap gains tax in jamaica another reason why it is better than every other market for a jamaica okay and in terms of like say for instance um upside trading fees how what like what are the fees like from zero to three like the channel we broke is depending on who you broke is from zero percent to three percent three percent zero from zero to three yeah but i'm looking at the top side because i mean you can go to a broker that has zero percent you can go to a broker that has 0.5 percent you can go to a broker that has one percent but here's the deal i do not want i would not want i

would not prefer a broker with zero% because there will be like... Why most of these brokers here in the US... Sorry, hold on. You know what I think you forgot? The first part we said, remember what we said? You have to come at the local market. Local market, new. We're telling you as it is.

That's what we said is what we mean. Yeah. For right now, I'm just just gonna look at the top side three percent because even that is steep so i mean i'm i'll have to look into what they're offering would you look at the three percent if you don't why are you gonna if you don't have to go there do not go to a broker with three percent go to the broker with a cheap person the cheaper cheaper fee yeah i understand that but so you also have to look at those cheaper fees as well and see if they're how they're handling your trade and they're not telling you i'm telling you they're not handling your trade you have a trading platform and the training directly to market

you guys are aware of art of flow right i think you're not aware that we know what we're talking about and the things we're saying are how they are you know here's what you know that we are of you know that we're that we also know what you are talking about yeah but with those zero brokers what we're saying the ones here are actually 0% cool and okay I mean I'm gonna take you guys word for it right now I mean sure I can't care to prove it right now

but the thing is it's pretty late I don't want to keep up your guys time anymore I'll see if I can you know what don't come to the local man don't come to the local man i think the truth is i think your life will be easier if you have to sit a little because i know what's going to happen and i'm banking on it is what i want to is what it

if you're if you really want to do that thing where you show me that the thing the things that you know that work for you on the other market works here. I'm done. I'm game. I really want to see because I want it to be right. You're going to lose out. I suspect you're going to be wrong, but I want it to be right. I want it to be right because then you're going to find a way to show me the thing that I've been wanting to do actually works.

And we're going to look at it and you're going to show me how it works. Bro. We're going to do a lot more there're going to look at it and you're going to show me how it works. We're going to do a lot more there. What's likely to happen? I might just be right. Yeah, so I know what I do, buddy.

If you want me to show you proof, I mean, it's fine. I'm not talking about what you currently do. I'm not talking about what you currently do. I'm talking about taking those things and coming here. You keep talking about how much money you make abroad. I know you're doing good there.

And I'm saying, being good there might not be good here. But I'm telling you, as long as I have liquidity and a decent... So we know you're going to open the account phone tell me when you open the account but here's the deal here's the deal i can't as i'm saying 80 percent of my trades are to the short side so i mean i don't see how credible my strategy are you thinking i said speak up

right thing so your strategy your strategy wouldn't work very well on the local market telling you that it's funny because i think we started there didn't we yeah we started out telling you that you want to approach a local market like a brand new market that's how you said it's the same thing we say something then you agree and then tell us we're not agreeing the same thing. We say something then you agree and then tell us we're not agreeing. No, I wasn't. Well, it is true. I wasn't aware that Shard Trading

was another thing down there. I know, but we've been through all that. We're still here. We're still doing the same thing. No, we just started talking, bro. I know, but you just said the same thing again to me. That you'd be right for doing the thing you're doing. And I'll tell you why. And you agreed with me after disagreeing with me for the same thing you're doing. And I'll tell you why. And he agreed with me after. After disagreeing with me.

You have cousins in Jamaica? You have cousins in Jamaica? You have cousins in Jamaica? Yeah, I have a couple. Two sisters living in Montego. They've been best. When you are around them. When you are around.

They're older. They're adult. They're adult sisters. Yeah, they're adults. When you are around them and you talk like this home as in dark stocks i know that's it just generally because i know what i do with my relatives like i can't grow not that that that that punch me yeah i did that hello to me too i i'd like i'd like more jamaicans in the diaspora

to invest in the local market. I give a whole heap of free marketing every week. I'm encouraging you to come to the local market, but I'm encouraging you to take every single thing you know about the U.S. markets and take it out of your mind. Approach the Jamaican market like an overly simplistic market.

Don't use any of the U.S. things. Look on the Jamaican market like an overly simplistic market don't use any of the US things look on the Jamaican market as a brand new case yeah man look at what you for what it actually is and you can make significant money if you do that if you approach it like the US market you're gonna buy signals you're going to buy a GMM B you're going to buy Proven USD and then you're going to come on and buy NCB and you're going to come on and say... And tell us why PTL don't work. Yeah, why the local market isn't making sense.

Don't do that. You've been here before. Yeah, man. It's not the first time we get a person that... We've gotten that before. Somebody knows the US market or they've done some good things abroad and take it here and decide that the market is rubbish because it don't work for them despite this show being built around me and ronnie make a lot of money on the local market and we're not the only ones a lot of people make a lot of money buddy yeah i understand

but like this approach yeah it's approach but you see most times when people have a problem with markets i mean i'm not talking about like basic sometimes it's an access information issue and technology issue but basically very liquid access information is here yeah yeah and other other issues you know but yeah yeah i'm definitely thinking about even investing you know so yeah consider it it will it will outperform it will outperform what you're doing on um on the futures market let's track them track that thing we're talking about how much money how much profit they make in a year actually track it percentage wise i put in x and i get x out yeah you see those markets are exciting but the thing nobody likes to talk about is that what it

takes for that level of excitement what it takes to make 50 on the futures market requires successfully navigating a level of risk that I know how difficult it is. What it takes to make 50% on the Jamaican market, it's almost criminal how easy it is to do in comparison. Yeah, it's because the market pretty much

just shoots up. There's no like... We never said that. No. How did you decide that the level of competition is not there as it is in the u.s market so you have more like straight yeah it is it isn't what's this in the u.s market yeah so basically it is here the thing you're saying is not true

It is here. The thing you're saying is not true. How the market operates, remember, you don't know. Remember, you haven't checked yet. So check first. The thing you just said, it don't work like that. All right, bud. Trust us, buddy.

It'll be fine. Just approach the market like a brand new thing and you will be happy that you did. All right. Otherwise, five months from now, I don't hear that the market like a brand new thing and you will you will be happy that you did all right otherwise otherwise five months from now i don't hear that the market is crazy and yeah yeah yeah yeah big investor you know markets are never wrong right markets are never wrong buddy it is what it is right that's right you gotta just react you know That's right. You got to just react, you know? All right.

Thank you very, very much, Diego. Okay, yeah. So thank you very, very much. Hope you enjoyed the show, everybody. I saw this other guy here, but I think he applied as an accident, and that's okay. And I hope you guys have a good rest of your week I hope everybody makes some money next week and then I will do this again next week Friday buddy

indeed these day trade gains that's right man alright guys it's been Brick Talk good night bless you