Earnings Season - BrickTalk - Last Quarter Bricks

Episode Date: October 19, 2022

Just like the "Last Call" at a bar, the first #BrickTalk for Oct is also the first for Q4 2022 and happens to also be the last quarter in 2022 to make some money on the market.Join @HDanhai & I on a look at the market so far & the last of 2022's gems. 📲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 ★

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Speak to a licensed investment advisor before making any investment decision. What a week What a week What a week The year coming into its own As we come closer to the end of the last quarter of the year, right? last quarter of the year, right? Like,

I'm thinking, I'm trying to see how I felt, like, around this time in previous years.

What do you mean? I was, like, what I was looking for in the market to, like, say, like, this time last year, what was was looking for in the market this time last year

what was I thinking for Q1 next year and this end of the year that's a good thought what were you doing? actual answer actual answer meaning money? no no no what were you doing?

answer to your question I was thinking of the market, to be honest. Just general. It was the market, not a general thought. What I was doing? CPJ. I was getting a lot more. I started here with the getting there early, but I never really pushed

a buck of money. I was loading up a lot more there. That's when volumes were flying too, I think. Some people get a nice move to five and start selling it out cpj last year cpj last year this time this time this time being early october by this point it at this point last year it doubled the doubled right mm-hmm 10 11. mm-hmm

10 11. oh that's the trade history over there on my money is there jesus christ when it's that's when it's it starts seeing the impact. People start realizing what was happening. I was buying 2020. I'm looking at 2022, 2021. I think they do think anyone or just respond here and that. Yeah, no. What's going on? I got I've got the one thing that one or you know, the portfolio need to update That's why I'm glad I've got the one thing there. What happened? The portfolio I need to update is the thing there. It's the DDT that I'm supposed to add it back.

Okay. The JTrader pull. Okay, yeah, yeah. What I have right now, what I have updated now is the thing there. It's the old thing there. It's the money. The last year trades. Yeah, yeah. But I mean mean the original five it break five

by break six now and the people are selling i mean yeah that's something you could buy is it was it was um there are greater volumes then yeah you're right you're right that makes me wonder something but yeah there was there was a much greater volumes then the trade was dead before the first pickup was when thing they when they said i think the trade started here when they when they went to the main market i think some we uh no i got then and then something going and he gave me something going on and i get some money and we just talked about it sometime before i can't remember what it was it was only i can't remember what the money was but he said but for you by just by cpj and name again and pay you when we make the money oh yeah yeah yeah why that worked out. That worked out well.

Yeah, man. Nice. It's funny how well we timed it. Yeah. And I don't know. These days, I wonder because I'm thinking about the real thinking behind it to me still hasn't... You hear me hesitating. I don't want to say this because I know people listening. But I mean, you remember some of the conversations

we were having then and what the expectations were. And you know where we are now in terms, I think the latest thing I've seen with it is, I think I saw an article either today or this week. This morning, yeah. Is today? Talking about the search for a new CEO. I saw an interesting line.

Brady Marquardt said, hopefully it'll be a better fit. Yeah, that I think might have been a little telling. But I'm saying that to say you know where we are now as in you know the story of them now and you know what I would have been expecting back then so you know where we are now along the journey

that I was expecting this part I don't want to say okay the thing you were expecting, you're actually there for. You're actually looking for anything there. But you said it somewhere. Gosh, I don't want to have this part. I was going to say the thing, the important thing I want to say, but I don't know if I want to say that you said that.

Which is that? Careful. I find that. You said it in the group thing there this week you were looking for at CPJ and you said it in the group and in my head I was laughing to myself because when you said that

I think people probably thought oh he was probably looking it being a bad thing yes and my thought is like the thing when we were initially talking about it and I remember

afterwards it's going to be interesting but afterwards we thought you just pissed off a bunch of people sorry about that people and it's not trust me the intention is not to be it's not to be cryptic or anything like that so apologies I think we're just being careful The intention is not to be cryptic or anything like that, so apologies.

I think we're just being careful about... Everything you can talk about. Yeah, it's not something you want to necessarily talk about. It's actually... It's about certain things, or just having a thought around something negative. Or something negative sold in people that hate that way i was even talking about that i wasn't thinking about um the the feelings part of that pretty much i said okay so what you know what led me into looking at cpj i know i've phony heard some of my expectations for it and you know that the things i expect for it don't happen yet i just never wanted to say like the thing actually waiting for the like i have two

or three specific things in my no no no i was talking about before i wait like early last year oh no yeah i don't care about that not that i'd not get what you mean with the finance of feelings but i that wasn't what was tripping me up at the start what i was tripping up at the start was just me i just didn't want to say that, you know, the thing I'm waiting for, I don't think that's happened yet. Right? Because in that moment, to me, it sounded like it sounded too, like it tried to make it sound salacious, and I'm not.

But the natural, if we weren't on this, the natural conversation would flow along the lines, I'd say, well, I mean, look at all that has happened, and the actual expectations that I have, the things I'm looking for literally just happened i've not yet right now i mean i can say it's into a half set i don't i don't get a wrong impression right now cpj is literally just um not flying because that has connotations no it the strongest public expectations for it the plane and stuff is just that the business has obviously gotten a turnaround um the numbers exceedingly strong yeah so just the number and

just the numbers alone i would still be excited um but but then you and i would know like you've heard some other things i've i've i've had ideas on over the years at one year last one one year away jesus six dollars so it's double what it was a bit above the what it was last time the peter yeah when cpjp he was too high when the price was fine apparently it was too high when the price was fine uh yeah it was too high when the price was fine. Yeah. I remember a lot of things said about CPG. Yeah, man. We almost seem to forget that.

Yeah, the market. I always find that funny. How quickly it is forgotten that we were told that PE is an unreliable valuation method. Remember that? Or you can't just look at PE. But the moment the PE no longer looks like the ideal PE, then the same people will say that.

The same people will start screaming about the PE. When them PE and JMNB are signals too low because the stock is undervalued, PE is now the strongest indicator of that undervaluing. But at the point where you're making an argument where it actually matters. Because, yo, the P.E. is high today, but I think the results are going to be good. So it makes sense. The results are going to be good enough to get a nice P.E. on this.

But the ball thing is, why that PE is too high, you know? And in the middle, when, if you're explaining, if you're explaining why you should look at PE, then the same crowd

that say PE, one say it good, one say it bad, they say it's good and they use it. But in the same crowd will tell you that, boy,

you know, you can't use PE to look at stocks. Well, I mean, I guess being back in the past, let's do it. How much conversations have we been in

where we have to say you cannot use a PE to predict that a stock, you can't tell me the PE is low. And justify, yeah, like that's not a justification to buy. yeah yeah yeah yeah it's almost like we're saying the same things right

well no one of those actually applicable yeah it's knowing where to apply it um knowing how to apply it what it is not misconstruing for something else. I think maybe that's one of the biggest things that people misconstrue things. I feel like I just kind of do the math means that all your expectations should be like the doing of the work. I did some calculations on the P.E.

It's my reward, a price should be going up. Yeah. Or if I did it and it said that it was overvalued, the price would fall. And if the price doesn't fall, then the market is irrational. The I think

maybe it's just I don't know. It bothers me so much less now because it's actually a blessing to me these days because it's such a predictable you know it's hard to sum it up

it's something wrong it's hard to sit in front of and say ultimately well you get past it mostly because I look at it now as Mostly because I look at it now as mostly because I look at it now as if people are it's never people

who are trying to learn, I find that kind of conversation. Are you breaking up or am I? I don't know. I hear you clearly. I hope the people are hearing me clearly. Can everybody hear Randy clearly? Oh, all right. They're popping in the mic.

That's what they said. Nobody said anything for some reason. Well, I see. I see downvotes, but I don't know if that means it. Am I agreeing or disagreeing? Are they not hearing? I think something is wrong with the space, actually, because I noticed how the emojis look.

Someone in the group. Please. Okay. You're breaking up, Randy. All right. Well, I'll tell you this. And I will try. Yeah.

I'll try and solve this out in a minute. Go again? I've heard the first part. I was saying, if people send a speaker request, I'll try and start this out in a minute. Okay. Okay. What's going on?

I'm going to nod your ear. I didn't like your voice. I didn't hear a voice. I'm seeing no votes in that one. So I'll tell you what I know. Okay. big up big up not much but there I hear looking at these

tweets it looked like some students staged a protest up at 138 student student living i don't know if you think that when i heard students staged a protest and i was resident and even they said one is when they say 138 my interest turned on to be honest i was going to another whole twitter you know next bag of talking on twitter how that go what And when they said 1-3-8, my interest turned on, to be honest. I went to another whole Twitter. You know, the next bag of talking on Twitter.

How'd that go? What happened? Well, it looked like there's, like, sanitation. And send the tweet, no? Put the tweet to the space. I did tweet the hashtag over one of the video demos I did see. In a phrase, somebody called you a filthy capitalist me i mean i i don't i don't know anybody that really knows me would never would never say that

what it's a clean capitalist as clean as clean as clean as possible you know what i mean oh what's going on about thing there mold oh this bro we didn't get through this already

yeah like this is the second time mold and rats yeah apparently they must have like they had like a town hall and

CEO came and pretty much said that him do a really business but I don't know what the exact wording or anything was you know what I mean but you know the thing

yeah what I said but that probably don't even really matter as far as it's happening that's you know whether the mother of a pandu then we'll start yeah yeah gee so I wonder how they're gonna make it out of that you know for the students the residents yeah you know I mean or like what the what the resolution will be what do you mean meaning like what are they gonna do about it and all right i always want to keep it in this part and i find that way uh because i've seen how much you progress and you keep doing this and you still do it and even when they say it to you stop asking

the question what do you think will happen run down the line with it oh well i mean if it's something that's negative that affects the view of them as a company well i think i thought about the stock price here oh let's talk about the company first wait actually i expect that to happen the whole i have a whole situation you can't even bring about the stock price yet. Talk about the company first. Actually, I expect that to happen. I'm talking about the whole situation. You can't even bring in the stock price. But I expect that to happen. It's open. So you can talk about anything you want to talk about

around this thing that you expect to happen. I'm trying to think of what's going to answer that question. I'm trying to think about how to answer that question I'm not sure what will happen I've never really taken a look at 138 aside from I'm not even really talking about the company all you can know it as

is the darms of UA so this thing happens what do you think to do next what exactly expect to happen around this situation the question you asked or something try answer it yes so i guess that i feel like if it's to the point where students are protesting they're gonna have to meaningfully address it in some way you know i mean in terms of actually trying to solve the problems, which may or may not involve some kind of, how do you say,

they have to kind of clear out some of the rooms to do pest control possibly, or I'm not sure how the process of fixing those things, pest control and the mold and them type of thing, so it sounds like some of the residents will have to leave in you know in order for those issues to be fixed which you know and then also possibly have to compensate some people for whatever you know damage or you know inconvenient i don't know you know if if there's mold you know's mold It can affect people with respiratory problems And them type of thing

So The extent of The issues have to be assessed And One girl Rat jump on her And scratch her and she have to go to hospital And get injection

I feel like It has to be addressed by the management. I think that Randy is still sounding kind of glitchy. I think she said it was addressed. I'll try and start with that glitchy sound.

Yeah. So, alright. was addressed i'll try and start with that glitchy sound yeah yeah so all right so with all that said now you can read them we think about the business well yes i i think that it's going to be affected negatively in terms of their occupancy rates and you know possibly their revenue and think people can pay money to live somewhere that you know is actively being um treated for like you know pests and mold and emptiness so you know in the short term i expect occupancy to go down which would affect revenue and then one treat a worry about occupancy i don't i don't i don't know because i don't i actually i don't know i don't know

no no he just said it he said the occupancy they go down and they affect revenue so you think one three it worries about occupancy no i know i mean i would think that they care about occupancy but then it occurred to me that I don't really know how they make their money you know what I mean if they're already

guaranteed a certain amount of money by EUI or what so they might not care about occupancy really if they know so their money secure but you know I don't know So they might not care about occupancy, really, if they know their money is secure. But I don't know. Again, I don't know how their money is. You've never heard that they are guaranteed any money from you?

I do remember hearing something like that. But I can't recall for sure because I didn't actually read it in a financial statement or something. I know I've probably heard it shared in a financial statement or something i know i've probably heard it shared in like a group discussion or something one three eight is coming from the time when like ue was closed you know i mean i remember there being talks about like you know they're not really super concerned opening as soon as possible because like they might forget their money anyways like contractually well that's not necessarily. The worry was they're not worried about things.

They are guaranteed a certain amount of money from UE based on the actual occupancy rates. So, they're

UE 3, like I said, no matter how many people in here, 1, 3, 8 will make up to 90%. So, if we have

100 rooms and they fill 80, then they're going to get the money for 90 if they feel 90 then the students have a fit if they feel 80 then you will get you will give them the buffer give them the 10 percent if they go over and all that money is theirs but up to 90 percent you will guarantee them oh so if the occupancy falls even super low they're still guaranteed the 90 yeah well suppose they were supposed to write 95 and you know this could happen and then go down to 83. so now they're moving from nine payments at 95 to payments at 90. and a big part of it and then you have some

you mentioned about kobe come around they weren't worried they were worried not necessarily cause okay we guaranteed this money but at the end of the day, we guaranteed revenue. But if the guy that's supposed to pay you enough money, you need out. Problems. Looking to 1-3, it's pretty interesting. It's pretty easy to run down the whole line.

But looking to it, pretty interesting. There's a lot more around you than just all boring real estate. One sec, you guys hear me, right? No. Still choppy. Let's not use that word.

Sorry. They're still static. Yeah, we stuck you like this week which stock i like this week this um the stock i like this week is the same stock i've liked over the past couple months which is fast rich well i can check one more time you guys heard me does it sound fine does it sound any better still breaking up still breaking up yeah so first retreat is a stock highlight this week um well I saw some you know higher than usual than usual volumes moving past few days

which suggests to me that you know there are people or you know there is an entity or entities who have a serious interest in the company to be buying up all those volumes and we haven't yet gotten an announcement if that's like insiders buying or not but when the buying start um let me ballpark ballpark how much i care Ballpark? How much time? I don't really care. Breaking up? Yeah, breaking up. Yeah, like four days ago. So by when are the

musicals here from the internet? Well, we're still waiting on the announcement that the rights issue Is going to happen And when the record date is

What? What? When are we doing the trades? Oh, when what happens? By when Are we supposed to hear about those trades If those trades are Inside us By when are we supposed to hear about those trades if those trades are inside us?

I don't know for sure. I don't know what the exact rule is that dictates when they have to make the disclosure. We'll make it again. Yeah, no, of course. make the disclosure when did you last see any volume that you think was a heavy trade so even like

October 4 when 16 million units traded for the day. Before that? Like in a one go. When before that? When before that, I would consider to be heavy trading would be, would consider to be heavy trading would be see there is September 7 7.9 million units traded there's sorry I realize somewhere when fixing my sound issues you guys switch companies I think you talk about 138 you don't live in but

you're not oh no oh we're talking about 138 student living, but you're not. Oh, no. Oh, we're talking about Foster. Oh, okay. Okay. Okay. Okay. Sorry. Sorry.

I'll let you guys start in Kansas. I'd have to catch up. Hey, man. No. Someone just asked if Foster would be in blackout. No, Foster is not in blackout yet It's not 30 days to report As yet

Report is November 14 So they still have maybe like a week How many days Till November 14 Yeah they have 8 more days till blackout starts 8 more days till blackout yeah

but I also can't really say yeah so let's see is it a week yeah um yeah yeah right so past few days higher than usual volume is moving what's the first day that you see that you think is so

like I said so back in like I said August 31st there was that 22.4 million units traded on that day. So, I would say, for me, what looks like a lot of... Remember what you said. You said units moving to the level... You're wondering if it was insider trade. When it's moving to the level, you're wondering if it's inside a trade. So, I know you haven't seen anything saying that there's any inside a trading happening so far. Right.

The latest one. Yeah, I haven't seen any announcement yet, but I guess it would be like, if it was inside of trading, I guess it would be like maybe like a week or more before they tell us. That's the thing that you'd have to know. That's the thing I wanted to get to. Understanding how, having to understand how long

the reporting requirement is. Right. So would that be, reporting requirement is right so like if there's trades from actually I don't remember by the top of my head so you'd have to look it up too for me to tell you I'd have to look it up too but if that's asking you like a ballpark figure if there's a trade from a month

ago if it's a trade from three weeks ago no it's a trade from a few days ago like October October 4, you know, when the 16 million units traded. Well, that might be within the time. I honestly don't remember off the top of my head. But that's the point. Anybody who wants to watch it.

Your audio is still very glitchy. I'm still trying to figure it out. So would that be in the junior market? I don't have a software. I have no clue. All right. Well, I didn't check. All right. No, yeah. I'm checking.

I'm checking. It's a junior hockey company. I figured that would be the first place I would go. Mm-hmm. Somebody asked you if they would be in blackout. I'm not so sure who they is. I had answered that though oh all right yeah i

was saying um i said that there's there's eight days until foster choosing blackout um yeah looking looking junior market right now all right one more time can you hear me yeah still yeah yeah still bad Still bad? Still. Still, yeah. Yeah, still bad. Wait, did you change anything?

Possible hydrate? I will make a cancer story down, check. I hear no call. Garrett? Yeah, man, I'm here. So, yeah, Fast Rich. What was Fast Rich like this week? Is it like this week, or has it just been liking it overall?

So it just happened to be this week that I asked. That is correct, yeah. Like I said, it's been the stuff that I've been liking so i like both what do what do i like about it i so so it's a good company you know strong strong strong strong fundamental all right actually say something about the company. Yeah, of course. I like that their CEO is very creative in terms of the business initiatives that he's been taking, from the agreement with Keller Williams to where they're selling the homes pre-installed with the solar already to you know um them developing that plot of land and you know there looks like they're going to build you know like a plaza or you know business business center you know i I'm excited to see the growth of their exports

as well. You know, because they've already been you know, they've already sent out a few shipments. What are you saying? What about those things? What are you looking for there

what am i looking for from frostage price increase yes why why do you think the price will go up to where you want it why do i think the price is gonna go up to where i want it well so i feel I feel like as time goes on, that they're going to, you know, continually make announcements about new, you know,

product lines or developments and then those things will be, you know, backed up by the financial performance of the business and I feel like the way that investors look at the company will be increasingly favorable and

yeah, they will continue to purchase the shares. It's something you can't do once. No shares it's just like it's just a really a really open-ended question so i'm not you know why you buy a star and you maybe because you've seen the price they go so it's really that i'm asking it's not i don't know if it's open-ended really

yeah what kind of Events you're looking for That you think will do really well for this one Yeah well so In the short term Well I've been buying Since before the stock split And then

So in the short term Future I'm looking At the Short term for me And then, so in the short-term future, I'm looking at the... What's short-term, right? Short-term for me is like within the next three months. Is what I meant when I said short-term. But I'm looking for the announcement of the... APO?

the announcement of the... APO? Oh, no. Of the, you know, the record date for the rights issue. And I am hoping that the... When they announce... Because it could go... You're not giving me the exact profit point.

No, no, no, no, no. I'm just saying, like, I'm hoping that when they announce the record date, that the record date is in the future and not in the past. I don't think they can actually do that. I don't think he can. How the rules go. In fact, you know the rules.

I don't think that can actually go on with the rights issue, where you get up and announce. He can't announce that. actually go on with the rights issue where you get up and announce you can't announce that to me that sounds shaky I mean if a private company does it then I think that would be okay because private

and they say the share is not really out there like that so you can't really trade them certain ways then the expectation is that boy they're not really changing hands like that and typically if that happens then there's some communication at the top the public company where boy it's on the market i can buy and i'm sure they can get up and tell me today that boy you know you can buy some new shares based on the amount you held some day back in the past that worked for like the thing, for the signals APO,

because the APRs drive very different things. Word. They're voting on rights lines. So it's not like you're waiving somebody's right to participate if that go on. Imagine you get up one morning and you find out that boy it was last week they tell you last week if you're owned by it but you know you were you sold your shares thinking that you sold some shares because you know some money will come next week or something

like that and i'm so sure that they can get up and say it. That would be very shaky to me. APO, then it's a prospectus offered to the public, but shareholders on this day, the preemptive rights are already gone. So it's not like you're voting along. It's not like you're buying in along the line of it. There are no rights in that mix. If you're raising, then this is the thing there. But you get a discounted pool to this race.

That's what that was. It wasn't a rights issue. Yeah, you're raising, then this is the thing there. But you get a discounted pool to this raise. That's what that was. It wasn't a rights issue. Yeah, you're right. And yeah, if they announced it and it was in the past, that would violate the timeline. Violate what? Like the timeline of events that it has to take. Actually, you need to go go check refresh that exact thing and

read that part again uh yeah the exact line to make me know yeah because i can do that um not i'm not looking at the exact rules i was more looking at like the right issue timeline kind of the right issue timeline that i had written that i had written down um we'll check about the actual rule to see if there is if if the rules stipulate a point in the future for that almost okay but check check with jake yeah at least you know the record date has to be at least 10 days after the publishing of the circular, which hasn't happened yet either. Yeah. Let's see.

How far up are you on FastRidge? How far up? Give me expectations. How far up are you on fast reach how far give me expectations how far up am i well so um how would i say it so i sold i sold in early september at a profit and bought back in and i'm currently at a small loss since i bought back in but all right so let me let me get that yeah man randy you sound you sound good you know so much clearer now yeah all right thank you very very much i hope i've sorted out all the issues and i won't interrupt you guys continue and then i'll just start after this yeah so um so i'm up 10 yeah i'm up like 10 since july

overall but right now I'm down 3% since the beginning of September. Which I don't mind. You know, I bought the dip and I've continued to buy.

I think that that's where you expect it to go. and i continue i've continued to buy thing there uh what's where is where are you expected to go um i'm trying to get 15 by the end of the year so i mean you know i think i think that fast food could go i think that fast food could go to six wait right in a year yeah wait yeah cool and you're back I think so if anybody else is speaking with us I've been ignoring for a while sorry about that

what did you like on the market this week sorry you guys hearing me yeah man we're hearing you okay perfect um if you're hearing i don't want to lose any more time i know some people have been waiting on the youtube um link so if you have been waiting on that it should start on youtube in a couple of seconds and then we will go back to what we're talking about yeah you're just speaking Jared, you were just speaking about fast food still?

Yeah. Well, I had just kind of finished and I was asking Danai what he liked on the market this week. Well, you don't like the market this week. I said the screenshot. Yeah, you know, that was a pretty interesting thing to observe.

Well, that's going to be terrible unless we can tell the people. You can't dangle it in front of the people. Sorry, that's it. Well, ask Dana if it's something that he wants to say. Yeah, I was giving an opening. Actually, I'll talk about it. It might not be impressive to anybody more than so. It's because I know what's going to happen soon.

Why are you telling me to do that? All right, well, hold on one second, and let me just start this off properly then. Let me try again. All right. Evening, everybody. Welcome to this week's Brick Talk. Thank you for your wonderful patience if you've been waiting on YouTube or any of the streaming platforms. And thank you very, very much if you've been listening to us ramble for a little while on Twitter in this space.

Welcome to this week's Brick Talk. I'm Randy. And I'm Benay. And as usual, we're talking about the stock market and anything market or business, local business, market, investor, stock market, whatever related topic that you might have. And it doesn't have to be local, but of course,

I always have a bias towards the Jamaican stock stock market the jamaican stock market um as usual i just remind you that nothing that we say on the show should be misconstrued as investment advice i am definitely not an investment advisor um then i is a licensed investment advisor however yet regardless of all of that you should not take anything that we talk about on the show as investment advice if you want to have a session with that now you can book him at the hall advisory calm and within an investment session that's a clear stated personalized thing for you which is completely separate from us just talking here about the market things I would mention might not be

suitable for you and certainly should be taken as buyer sell advice all right okay if if you're not used to me saying that yet you're going to get used to saying it because we're going to say it a lot on brick talk if you're watching us on screen the thing that you see at the side there is my money ja it is um easily one of the best places that you can get your market information for the stock market. You should sign up. MyMoneyJA.com. You'll hear me mention that all the time. And you'll also hear me mention Grow, which is my investment course, which we'll come up to. But the official topic for this week is last call.

The last call because we are at the end of um the year pretty much 2022 i don't know if it's been if it's been long or short but in in investment terms coming from the point of view of the stock market we are at the end of the year because we're at the start of the final quarter so it's the last chance if you wanted to make some money from stocks this year this is the last chance to actually make it here obviously it doesn't mean that there's any rush it doesn't mean that the market is ending in the morning it doesn't mean you have to buy now for whatever to happen it will be there the whole year a lot of things will come i mean this is the segment of the year is the last of the year so yeah so i've been taken exactly the wrong way yeah and if you and if you um if you if you invest so some people invest like some people

invest along quarters i mean i have a annual goal but i break it down into quarters um it then is it becomes like a time where it's almost like a ritual where you you are checking where you are like you started this out earlier than i pointed out, you know, last year this time, what was I doing? Or last year this time, how was I viewing the market? And also naturally the planning for, okay, what do I think might happen over the next three months and how do I plan for next year? Blah, blah, blah. Like a good gamer pool, the real skill comes from not just making the shot,

but setting it up for the other shots after that. So yeah, last quarter bricks. Again, apologies for the other shots after that. So yeah, last quarter bricks. Again, apart just for the little, if you start, if you're watching us on YouTube, if you want to join the conversation, click the link in the description. We are live on Twitter where you can search for us using the hashtag brick talk

or just look for the earning season account. And yeah, with all that said, welcome. And I, we do actually have somebody that was on and talking before about Fosrich. What was his name this week? Pablo Picasso. Boomjoy himself. And you were saying about a quick idea behind Fosrich.

What were you saying? Let me just catch me and everybody up. rich what were you saying let me just catch me and everybody up um oh uh i was saying that really really been liking foster rich because of the upcoming rights issue and because of the new lines of business and partnerships that they've announced as well as you know that the the business center development bpo rental thing that they had mentioned and just in general you know i mean i like the way that cecil foster has been you know keeping creative in his approach to growing the business so you know definitely like it you know definitely been liking foster rich and you know who knows at the start of next year you know foster rich still may be something that i use to get you know to meet my goal for next year all right um i saw an article

here that was shared um speaking about a ban on incandescent light bulbs to take effect April 1 next year? Well, you know, there is, you know, I do know a company that's, you know, rather, you know, they're a preferred distributor of one of the largest LED manufacturers in the world. And, you know, they sell a lot of LED bulbs. Word. you know, they sell a lot of LED bulbs. Word. What do you think the market right now is for incandescent bulbs? I think many people still buy incandescent bulbs

just because they're not fully aware of the benefits of, you know, LED bulbs. And I don't know, it might just be, you know, a traditional thing. Some people like the tone, you know, I guess, you know led bulbs and i don't know it might just be you know a traditional thing some people like the tone you know i guess you know the tone of light that they get from incandescent bulbs but you know i like that the warm light better for you of course the blue light human beings yeah i really like them i was i have them for years. Been LED for a long, long while. Yeah, I mean, yeah, but you just get LED and get LED in the color that you like in the soft light, or get like a

program of LED and program it to the color you like. What do you think this band might be a plus or a hurt? I almost didn't want to talk about it because I'm thinking I can see people looking at this and thinking, oh, it might affect fast reach versus does this not sound like, okay, so I don't know how many incandescent lighting fixtures

are in Jamaica, and I don't really need to. What I know is that any that have to remain after this will probably have to move to LED options and like you say fast rich supplies that so it means there's if there's even one more sale that they didn't have before they now have right definitely yeah well you know it's like i don't know exactly interest it's actually interesting because i never immediately made that connection until you just... I mean, I didn't read into that article just yet after it was shared. Okay.

But I mean, even just from the headline, most people just read the headline. Most people just read about a huge staff up there. Incandescent bolts? Mm-hmm. Yeah, that's a great question. What do you think would happen? incandescent bulbs? Yeah that's a great question. What do you think could happen? Well I feel like they'd probably see that and have a sale out on them.

Try and move the inventory as much as possible. But I don't think that it, I don't think that, you know, that incandescent bulbs as a percentage of their sales would be any great impact to worry about. You see, that's one of the things i thought about like the perspective of fear you mean like if they have incandescent bulbs they wouldn't be able to sell them no no i'm saying those sales the lack of being able those sales coming from their numbers don't mean that their numbers dip to any appreciable measure right yeah i'm saying that even if they had you know if they had to suddenly offload all their incandescent bulbs at a discount i don't think that it would cause any like great reduction in their in their revenue especially against the backdrop of their revenue increasing you know but then revenue is a magic think of it from the other perspective

somebody who can use a incandescent bulb now has to buy an LED bulb the ban is not a thing then but yes Randy said it right there's nothing wrong think of it like if the plastic straw company

no longer being able to sell plastic straws isn't necessarily a terrible thing when you can't say that that company know their paper straw line immediately flies in value. Exactly. And they know exactly the people that need straws. Now think of it the other way. This might actually be a boom for them. Yeah because many people are gonna try and get ahead of the ban and you know buy up a bond, you know they're gonna have to switch their whole place, you know their whole house or

their whole business or their whole office building or their whole housing development the ban is not on usage it's bringing them in and selling off them right but i'm saying like you know in 2020 you know after 2020 you know after april 1st 2023 there's still going to be people making new housing developments or, you know, new commercial... And they'll have to buy lights. Yeah. Yeah, but those sales would have come to them anyway. Any sales from that would have come to them. Yeah, I'm saying that the actual event of the ban and its implementation could actually be a sales and its implementation could actually be a sales plus for them.

Yeah, I agree. Yeah, but do you understand in what way? The replacement, as you said, yes, obviously, people have to replace stuff. But also think in a real way way what happened when plastic bags were banned people people about started selling like crazy yeah but what really happened who was people about somebody sitting like crazy yeah what really happened right when the ban was announced and in the months leading up to the implementation of the ban the ban I'm not sure people are buying people people are hoarding them scandal yeah companies bought them companies companies bought out I don't I know companies that bought a year supply

because then overwhelm yeah I don't want change that mean that i probably wouldn't be able to sell or i under normal circumstances i would not be able to sell one year supply of plastic bags in one month to a customer but because there's a ban coming this customer is buying as many as they can how many lighting fixtures you think are in places where this one it just used incandescent bulb and i can't bother so i might as well buy like 50 incandescent bulbs yeah that's what i'm saying like it's it's really more are you there are you actually don't know it's a mouth check. No, there are. There are.

It speaks about some sectors that need time to adjust. Chicken farmers. There might be use of it, but I'm just thinking, think of human beings as human beings. If people went out and bought a lot of plastic bags before the ban,

simply so that they'd have as long as possible before their supply, their personal supply, whether it be for business or whatever, run out. More likely is it that there's going to be cases where, listen, we can refurbish the office this month since we need to fix the light bill anyway, or we can spend one-tenth of that cost and buy a year a year's worth or two years worth of

like let's not stock up because i can't but uh change out this thing to led and i don't mean like a simple bulb i don't just mean like a simple ball i'm thinking of cases where it might be good it might be might be it might be cheap or it might be for whatever reason you get me i'm just saying that the element of the ban coming into play the possibility of demand yeah some likely of demand increasing heavy demand increasing because of a deadline right and the other side of their the other side of their business the ministry said that they're going to embark on a comprehensive public education campaign. All right, so the sentence says, it says it will embark on a comprehensive public education campaign to inform citizens of the

benefits of replacing incandescent light bulbs with energy-efficient lighting technologies. Or, and this is not what the sentence is, but another interpretation of it is, it will embark on a comprehensive public education campaign to inform citizens of the benefits of buying products that this company sells. Right, and- That's it. That's free marketing.

Currency of a not company. And, well, there's a currency of some tax dollars, but yeah. that's free marketing courtesy of another company and well courtesy of some tax dollars yeah and it also gives fast reach an opportunity to do their own marketing and advertising if you have some shoes to sell and you can take

you can take $3 million on the year marketing budget or the government is going to spend $40 million or $3 million on the Euro marketing budget, or the government is going to spend $40 million or $50 million to educate everybody on the benefits of the kind of brand it sells. Why not save you $3 million? Or why not put your $3 million down to $1 million and use it in the most targeted way true yeah because if everybody already know the benefits of the shoes you just have to advertise

and say hey i'm me of the shoes yeah your thing is more about presence in versus explaining why you need it because a bigger entity is handling that for me who is testing down here yeah and and of course the government is. And, of course, the government is doing that. And, of course, I think naturally, I think JPS has always done it and will continue to do it.

And if you know anything about fast routine or some of the stuff they've been saying, they obviously partner with those. Well, they definitely partner with JPS

in many ways. So it's very likely that there could be... You know how JPS will tell you about places you can get bulbs wherever, and big places have bulbs, such as FastRidge, and yada, yada, yada, yada, right?

Like it's not just FastRidge. It names like a couple of, I'm sure they'll name a couple of places because you have to say where it's possible. I'm sure they'll have drives where they bring in your incandescent bulbs and we'll switch out maybe the MPs will be handing

them out in the public square I am not comfortable with those sort of pieces of the constituency you know I never said we're into light bulbs and politics into light bulbs and government

I'm not a fan of any lightbulb and politics. Google that. Yeah, we made that mistake before. Yeah, I do think that there is an opportunity for... I think computers are a boon for FastRidge. A possible boon for FastRidge. No... So wait, so hold on.

So I have a question then so if they're about if they're about to ban incandescent light bulbs to art you know is it possible that the government gives a tax break or incentive for the you know the for the imp for people who are supplying led bulbs possible think about this you know think about how much further ahead of the people who haven't looked up the answer to that you're going to be if you look it up. That's a good, that's a sensible question. That's a naturally good question. And I think it's a natural question that a lot of people are going to ask themselves eventually.

themselves eventually or if it's true if it's true and it means that there's something good that will happen for fast which in that case and it becomes public that it happened for fast which and it was good anybody who figured it out way ahead of it coming out benefits right or stands to benefit i should say right definitely stands to benefit i should say right definitely so that's a poor looking up that answer all right i'll leave no go ahead so you sound like you have it in front of you damn right no but okay no yeah it looks like they already removed the import tax on LED bulbs from

2014. It's still in place? I do not know. Taxation can be a tool to push the masses, of course. Encouragement towards LED, so you'd remove it you kind of want them to do the same thing with um

electric cars right which they have in to some in some small way i should say right so if the tax so tax being removed off of something increases the profit margin on that thing, and then if they all of a sudden sell a lot more of the thing that they pay less taxes on, that's, you know... You think they sell more, don't you? Well, we'll add on to that. It's fine, go through. Yeah, I like the way you're thinking, Yared

Sorry, go ahead, Yared No, yeah man I don't want to mess up your flow So go through, man Yeah, their overall margin would increase If they're selling more of something That they're not paying as much tax on And

That they have a Competitive advantage Because they're already that they have a competitive advantage because they're already the preferred distributor for Philips. So, you know, if... I don't know much about the other manufacturers

man just come for selling stuff what the hell I don't know about the other manufacturers which I think is the most important thing to me what I see is how like Jared don't give a damn about light bulbs but you heard I was asking brother right

yeah but the second I'm talking this nice story i'm like why are you buying this down there the second in the second him own some of the light bulbs company stock he's suddenly carrying it you know 10 minutes ago i'm sure you never know you never know that they were the preferred distributor for phillips i didn't know that i knew i knew i knew that i knew that from long time man all right boss but that don't mean nothing to me are many people however i like how people switch once they own the stock there's a level of loyalty that comes along with it boy they get the fesco gas station on is always the very, very obvious one. The second somebody owns some fiscal, a beer fiscal upon them IG story.

Not just that. Not just that. Everybody who drives that own fiscal shares, even if it's just cross, it cross their mind. It cross their mind when it's time to get gas. Say, yo, my own fiscal shares in us. I mean, where would you buy gas to own fiscal shares? when it's time to get gas, say, yo, my own Pesco shares. I mean, where would you buy gas to get your own Pesco shares? The cheaper.

Word, really? Yeah. Which are cheaper? Yours or the... I mean, again, it depends. If I drive down Beetwood Avenue, for example, and Johnson's is, you know, three cents cheaper than Fesco, I'm still going to Johnson's.

Word. Yeah. The dividend is bigger than that, you know. Yeah, but I can still get the dividend and buy the cheaper gas. There's nothing stopping me from doing that. Not at all. I respect that. Where do you get the dividend from?

I respect that though i respect the loyalty to your money over the company most people naturally wouldn't do it though and i think even if people do it it has to be a decision now for me i can't do it that's that's not true if there's traffic there, I will. If there's traffic, I will. I think I can do it, but if there's traffic, I will bypass. I don't care about it. I'm not going to go. I get a whole heap of leeway with the price, though. For me, I get a whole heap of leeway with the price, meaning if the next gas station is 50 cents cheaper, yeah, but this one I own.

At least in this moment, I own it. There are people that say that. If you want to track down this portfolio, check with him on my Glasgow versus Greece. It depends on how you're buying. it depends how you're buying one of the booty beef is Lasko two months straight of Lasko you know, suck my cup

if you ever see me buying Lasko corn beef well no, there's only one brand of corn beef in Jamaica, come on one brand of corn beef, there's only one Brenna corned beef in Jamaica. Come on. There's only one type of sardine. There's only, there's one of in Jamaica.

No way. Um, I don't, we turn this into, into ads for these companies. All right. The next person we had, I see two people,

Dr. G on our hard, our, um, our hard, I was there first. What's up R Harder? I hope I'm saying that correctly.

R Harder Blessings Maybe it's a troll but at least I thought it was a troll How are you doing? Doing good We're not trolling tonight Not in this moment Thank all right thank you very

much great things so well to one thing one thing that i want to raise just in relation to um the my money j i mean i know if i'm watching me mash up mine so money jay i mean i know if i mash me mash up mine so or um but there's something wrong but at the the importing of the csv i think that's a very good feature that you guys have on the website but um you like some other features to come then or you tried yours and it didn't work no it did No, it did. But I said I did it previously. But I bought some more stocks this week. And basically, like, re-did the...

Just do it again. Just do it again. Yeah. But it had come to me that I had more stocks in a dollar than I had last week. And I know I'm never buying no more. Did you just wait for the same portfolio? No, it was about three, oh yeah one portfolio As in on MyMoneyJA

Here's what you do Every MyMoneyJA window has this nice little chat bot It's not a chat bot but it has this chat feature at the bottom, right? Just click it and send a message, and it will get handled. Okay. Okay. Never heard of that.

Cool. Is that what you're calling? No, no. Oh, great. Quietly. Quietly. Quietly. And it's really just in

listening and I'll just throw on my bridge and then put me on to you guys getting a little deeper understanding but just a question that I had there was well during the I think it was the same there was I think it was the same

there was a second IPO on the same day I think one to one happened no there wasn't any there wasn't I think it is it's the PBS preferentials the PBS right right it was the PBS but wells? The PBS, right. It was the PBS. But

as far as that goes, I guess it wasn't a junior market IPO. It was just a main market IPO, was it? No, I understand.

No, it's preference shares. Wow. It's not the first time. Yeah, no. Somebody told me the broker keep it. Two different brokers I hear clients from saying the broker tell them it's another IPO opportunity they can get onto.

Because it is. Wow. Wow don't just it just clicked to me ah so are harder you really wondering like how come people are really talking about it how come they're not really that's well yeah like for the for the most, I know why I couldn't join because I know they were asking for like 100,000 to start, I think. But just in terms of the company in general and all of the, I guess, tentacles that are in all the different companies, the fact that they're like a a hub for transactions and stuff like that but pbs is but i realize you don't you have me investing you don't know what stocks you watch that's exactly that's the problem huh you don't know what you bought no man he didn't buy

i know i know but just in terms of just in terms of the the as it as as you rightly said the conversation around the ipos and so i was wondering if you know pbs was a good option i mean i i thought it was but when by let me help you out sorry continue yeah no well it's not interrupting you i was just saying just in just by the discussions around all the other stocks, I kind of then dissuaded myself from considering and buying it. I mean, if there was a time when I would have the chance to, because I know I wouldn't be able to get in on the IPO, but I was thinking that when just in normal trading, whatever price it's available on the ipo but i was thinking that you know when just in in normal trading whatever price

it's available on the market i'll be able to buy some at some point um so that was my intention really so what yeah as i said just in terms of conversation not really hearing anything position, not really hearing anything around it. I kind of decided myself from looking into it any more than that initial look out. Do you understand why I said you don't know what you bought? I know you didn't buy it. Do you understand why I said that? No, no, no.

Yeah, but I get what's happened. Sorry, go ahead. You think PBS listed at the same time as one-on-one? Or they were either at the same time as one-on-one? Right. I thought it was the same day, like on the 12th. No, no, no, no, no. Why?

Also, it's not the 12th. One-on-one listed on the 1st. Oh, the 1st. It wasn't listed. The thing that we were... I think PBS was open at the same time. I wrote one on one time. People were telling me that they were being shocked that PBS as an IPO they can get in on

and put some money here and put some money there kind of thing. Or they're going one on one and the advisor said, get some PBS too. Yeah. money there kind of thing or they're going for one and i advise i tell them get some pbs too yeah are harder you don't really invest much yeah like you're new to it yeah man yeah man that i mean it literally just within probably the last year i've been literally dabbling in it. So just IPOs and some stocks that I had from when I was maybe like 14. I understand.

I could tell because you're thinking IPO, but even when I'm saying it, you're thinking every IPO is IPO. Yeah. So you can't figure out why people aren't going crazy over this, the way they're going crazy over one-on-one and before that dollar, before that. Yeah, because every IPO is not IPO. Yeah, this is part of it.

You want the market education before you go into this thing. The best thing you can get yourself in this space is a little bit of education. I mean, easy plug for my investment course, grow, evermickel.com slash grow. If you go to that website, you get details on it, you get the dates for the next one. But even if you don't do that course,

you don't have to do that course. Even if you don't do that course, you still want to educate yourself a bit about the market, just understand more around it. And I'll tell you, please do that, because not just for you, anybody watching anybody listening there are lots of missteps that can be made and are made and like i realized like what then i was saying is that you know lots of people have been told oh this is another ipo you could get into not that it's not i want

to be clear that it's not. It is. Is it? No, because it's not the first time the company put shares to the public. It's also not... It is. It is. It is. I don't think people... It is.

No, it's a class. It's a share. Yeah, cool. I'll give them that. It's a line that I can give them that. It's a share. It's a class. All right. Yeah, cool. Yeah, yeah. I'll give them that. It's a line that I can give them that. So it's the first time they're offering that class of shares, right? The PBS shares. And those shares are preference shares, which are different from ordinary shares.

So the companies of PBS, that company's ordinary shares are on the market and have been on the market for a while now, quite a while. They didn't even have reference shares on the market before. And I think they have more than one set of reference. Yeah. So this is not like a new company coming to the market. It's not that. A lot of times when you hear a lot of the rush, a lot of the people excited about the market,

what they're excited about oftentimes is a new company coming to the market not necessarily uh not necessarily a company that's already on the market putting out preference shares all right that happens so like jmp did some preference years i think last year or the year before maybe it was this year i don't know but jmb did some preferences recently you probably didn't hear about that either right no no like i hear you talking about the strength of the company and what they're doing and their regional footprint all of that stuff all that stuff impacts the the main company the company itself which has those preferences that debt and it's perpetual preferences so it's it's it is it is like i'm i'm trying my best not to use terms like good or bad i know people want to hear that it's not good or bad it is what it is

yes yeah and it is so yeah it's good for a certain type of investor looking for a certain kind of return looking for a certain thing it has its uses why i'm saying that if you're just new to the market you want to i'm not just you anybody listening or watching want to get that education up is because of the if you just say yo may buy ipo you would probably would buy this just because you know it named ipo yeah yeah yeah which is the exceedingly dangerous. That's not how the market works at all. Like you can lose a lot of money doing that. Um, yeah, you can lose a lot of money doing that. So I would tell you, I would tell you to, to, you want to get into the market education. You want to be, like I said, I'm biased every make a lot comes to grow, but you want to

grow. You want to at least maybe read some of the documents on the jsc's website um talk to your talk call your brokerage house ask them they might have some resources for you um even my website every michael.com has guides on it for beginners people who want to understand things people want to maybe just learn at your own pace uh to get a basic idea before you start yeah but you want to understand that stuff because you can find yourself um getting getting burnt by putting money into something simply because it is an ipo it's a dangerous thing okay okay this pbs one like said, it's not the first. PBS is already listed and has been listed on the market for a long time.

These preference shares is just new that the company issued. So it is not the same thing as the ordinary shares, and it is not going to attract the same level of noise the same level of excitement you're not going to see that yeah and it certainly isn't on the junior market these shares are on the um main market the main market right and both both their ordinary shares and their preference shares are on the main market of the um. Yeah, that's what I realized because as far as the

prospectus was going, it was just basically highlighting that it was going to be a main market thing, but as I said, it's an IPO. You didn't actually read the prospectus yeah i did i did i well i went through

yeah no but then i only went through well i can say with confidence that you didn't read it because I know what it says. If you hadn't read it, most people don't read the prospectus. Let's be honest, right? This is not the business report. This is not ONG. It's very, very real. Most people don't read the prospectus. Most people in finance don't read the prospectus.

There's no way somebody who just cares about it and not in love with this thing is going to read the prospectus. Hell no. This boring crap crap no way right but here ipo somebody i wonder how come it don't work like the rest of the vibes yeah because if you i know if you'd read it you would have none of these questions you know exactly what it is because i have to tell you explain it very very um so your question from the jump um makes it clear that you didn't read it. And that's okay. Meaning it's not okay to not read the prospectus.

But it's okay that you didn't read the prospectus because you also didn't put any money in it. But if you want the knowledge, if you want to understand what it was, or I would tell you and anybody else who's thinking of putting their money in any prospectus, in any IPO, read the prospectus first. All right? Read the prospectus first. The prospectus helps you to understand everything that's happening completely. I know it's boring. I know you might think, well, I'm going to understand it. From what you can read, from what you can go shop and come back with the right change.

You can understand the prospectus. Yes. But just actually read it. Only if your money matters to you though. Money don't matter to you. I mean, do what you want. But trust me,

I would like, I, if you, you didn't read all of it, there's some sections you read even just some parts in full you'd have a much better idea about what it is that's happening yeah yeah so i encourage you to that you and anybody else just yeah yeah man just actually read it man and and please because i like that you're investing you're dabbling in it i mean i don't care about the

prestige of the dabbling in it i want you to understand that yo that dabbling in it i mean i don't care about the prestige of the dabbling in it i want you to understand that yo that dabbling in it means you're placing your money into something yeah if you're putting money in something i want you might want more than double yeah man you want you're not really dabbling i don't know your pocket stuff but uh just general information for you, everybody watching or listening. If you're going to put your money in something, give it the level of seriousness that you use whenever you're putting your

money in something. That's what I'd encourage you. Yeah, there's no dabbling. Dabbling is akin to gambling. Investing becomes gambling if you don't do the work. Yeah. If you literally do the work, the research, you very quickly understand how accurate what I just said is.

Like it stops being, the market stops being surprising. The market doesn't, the surprise is when, not if. And there are ifs on it, but it's a completely different thing. The market change is completely. But just read it. Just actually read it. And that's for anybody. You don't have to be a finance person. You don't have to be a nerd. If you're thinking about putting your money in something,

tweet nerd mode, hashtag nerd mode and take the day and just read it. And it being whatever you're thinking to put your money in. So if it's a stock, read the last set of financials that come out. My money, JA, every stock is on it. And I mean, you don't have to even pay to use it. We'd love if you paid and got a paid account.

But you can also just use a free account. You can go on and click on a stock, understand what it actually does, and look at how it has been doing. You can understand those documents. Yeah, if you think you can't understand it, read the prospectus for the company or the annual report for the company, the last annual report, and it will help you understand. Whatever you put your money in, and do this before you put your money in.

Don't put your money in and then go read it. I mean, if you put your money in and do this before you put your money in don't put your money in and then go read it i mean if you put your money in and then go read it that's that's as bad as buying your license and then going and learning how to drive so i mean still thank you for doing that but it would be much better if you learn to drive before you buy it but but you would need to buy your license if you learn to drive right yeah supposedly wink wink um uh what other stocks are you in right? Yeah. Supposedly. Wink, wink. What other stocks are you in though?

Tell me what you have been looking at. Cause let me touch a theme of the show again. We're talking about the last quarter break. So if people care about making money or recovering a portfolio, you know, maybe things never go the way you want. This is a chance for you know, maybe things never go the way you want. Maybe close the year. This is a chance for you to recover anything that you've missed out on in the year.

So our hardest, since you, I'm willing to talk about this with anybody. So if you want to talk about this, a stock, a specific thing you have planned, you're wondering about your plans or something that never went right or whatever, if you want, here we care about, we'll talk about a couple of things, I'm sure.

Send a speaking request and we'll get into it. Arhar, since you're on, you can tell me one thing that you had planned for the last quarter of the year or anything you're looking at other than the PBS. Well, for my child,

if there is a possibility of getting some revenge with Mailpack, just with the, with, I think, probably about the second pass, or maybe third quarter last year, I entered Mailpack at about $3.50. And, well, you can see where it is now. I entered MailPack at about $3.50. And well, you can see where it is now. So probably about four weeks ago, I basically just sold out that stock completely

and had the money sitting there and then I decided this week really just to reinvest. So I did some Deremon. Boy, hold on. Boy, I feel worried because you're throwing money around the market and I know you don't really know the market. Boy, I feel scared. No, no. money around the market and I know you don't really know the market why this I can feel no well the revenge on milk part how's it yeah the whole thing sounds scary to me cuz I know you don't like it you're being like you're doing an investment in your triating yeah yeah that you know I hear the same way I

hear in yo me need but Peter renting December so me buy a lot or no. Like, same feeling I get. Understood, understood. At the time, I stop and understand the whole thing before you do anything like that. I'm scared because then there's a position you put me in also, and worse than I. You pick up, you mention a company, and we talk about a company, and we explain what we think is good or bad, and what we like, what we're saying, but it's like if somebody don't know how to ride a bike, and then talk to me about the mechanics of doing a wheelie.

I don't know what to do with an already wheelie thing yet. When I come out and I'm starting to talk to them, and so my eyes are and i'm doing it to you knowing that you're helping you to do something exceedingly dangerous yeah yeah yeah yeah you need you need the knowledge first before you do anything like that please i begging you i really really beg you yeah that they have to go through the gate because the money this one already gone through the gate because the money has been already gone through the gate. It's never too late. It's never too late.

No, no, no. Well, yeah. In terms of just the reinvesting of it, that part already happened. It can't sell tomorrow. Not tomorrow, but Monday morning, right? Monday morning.

Yeah. Once you have life, you have the chance so there's no that's true that's quite true to get um and especially when you come for the education yeah I don't know anybody who finally learns about investing finally understand stocks in the market and get a better grip of it and then go oh I wish I took more time before i learned this like everybody yeah well why would you think that so that's again no i i don't know if i'm hearing you wrong no i think pretty much that i've never heard anybody who has learned about the market and

understands it and when i'm it and finally get it, they go, Oh, I wish it, I wish it had, I wish I had taken longer before I learned this. No, everybody wants it shorter.

Yeah. Was it sick? I didn't, I think I didn't get what he said. So he never said anything, but no man, he's pretty much saying, you know,

the horse gone through the gate and I'm saying that, yo, no, yes. Okay. Yeah. Sorry. You can always learn more.

I mean, literally if you, and I'm saying that, yo. Oh, no. Yes, okay. Sorry about that. You can always learn more. I mean, literally, you can load up the JSC website. No, you can load up everymicle.com and read the starter articles. No. Right, right. No, and you'll understand much, much, much, much more, right? What's an IPO and how do I get into one? I wrote this a long time ago and I keep it up because it's still applicable. It still explains so much about just the basics of the process.

It has lots of small but simple explainers to have you understand how just some basics are investing there to start out with which broker is good those little things that are there and i really really want you to even get that knowledge because it will shift what you're doing already because right now you don't know nothing at all about the wheelie but you're asking us about you you know, like I literally can't get no feedback on your wheelie. Cause, but it was at risk of dropping and broken a neck. Yeah.

Yeah. Yeah. Yeah. Usually I do. I mean, don't get me wrong. I'm not discouraging you. There are certain things I would love to talk about.

I don't, I'm not saying that people have to have like great breadth of knowledge to, to want to talk. I'm happy that you want to talk. It's just, I cannot happy that you want to talk. It's just I cannot talk to you at that level because anything I say about any company that sounds good, even if

I say, yo, I know that you're going to watch it, right? Or if you tell me something, you put your money in and I feel like I confirm it, you might feel like I have confirmed a decision that you made on nothing. Yeah.

Yeah. And I know that that will happen. And while there's just a line I can't cross in terms of just safety. Safety. And it's not even like it's a legal line. It's really just a moral line. Like, I know. You'd be the one to

take them up, basically. Because you know better. I beg you. Everymickle.com slash grow or everymickle.com slash blog. I will share a link to the earnings season space.

You can check it out. Or you can just go to everymaker.com right now and click. Just bringing it up now. Yeah, man. Please, please, please. I really want you to. I really want you and anybody listening to just get this kind of knowledge. You can either come to Grow and I can teach you.

Or you can read articles and learn. Or you can do both. Or you can link Dana if if you can't bother with none of that and make him do it for you you follow what he said but yeah can't teach you the wheel here so guys you're broken i just i feel it i feel it i feel like i have some responsibility there i feel i get this i get i get you know you know i get this a lot it's the you come to me with something that i know requires more input than than i say because if you stop going the right way then think that but i want you want 100 percent in one month yeah yo it's possible but if you have

if if you're starting from scratch it's probably not for you yeah you want to take your time and get there because like I said you don't understand what's going on

you want to know what can go wrong at least because suppose Randy confirm something because Randy Randy know why he's suppose you and Randy agree on stuff because Randy confirmed something because Randy Randy know why he's supposed to you and Randy agree on stuff

for all the different completely different reasons Randy knows what he's looking for exactly yeah you both have the

same finish line right but then Randy Randy thinks in two weeks he'll get 100% and you think the same thing

you look upon the vibes Randy and why this event is going to happen that's going to cause that but he knows that next week something happened before that thing and if that thing will happen you're running that way but i would think like everybody's staying the stuff so i agree now on a monday morning the thing never come on randy go about the business but you're waiting but a hundred percent you and randy agree that yeah yeah

but 100% you and Randy agree that yeah what's more I don't it's not like I can find you come to say oh yo that's that's either yeah boss link up please I beg you on

anybody every Michael at come just click on the blog part up top, or you can go to slash grow or click on store if you want to come to a class. But no, I don't want, yeah, man, it makes so much more sense. It's so powerful. It's so powerful when you actually have the knowledge.

Please. And listening still, I mean, you'll understand it, and you'll understand maybe there's a difference when we're have the knowledge. Please. And listening still. I mean, you'll understand it and you'll understand maybe there's a difference when we're talking to somebody. So I use that to intro Don Gio himself. Medical doctor. Investor. I did not want to call him that.

The private credit doctor. I don't know him. Life change. From dockinging profit does up how you looking now big boss hello don i what's up randy hello all gone all gone um um just just want to talk i've been on brick talk before really really yeah i've never talked before yeah sure that's weird why do i think that you have yeah me too in my head in my head i've been done talking about signals already at least but i've had so much signals conversation that may work well sitting all the times because what you know

because i'm listening all the times maybe Maybe, maybe, or maybe also. I mean, also, like, we mention it from time to time, and we tweet at each other, so I don't know. Welcome. Welcome to Brick Talk. So, let's say Brick Talk. First time. What's going on? First time, long time. Well, since you always call me Mr. Signos or Dr. Signos,

well, I have to say that I'm kind of glad I got rid of it. Dang. Warned me from long time still. And it's one of the saddest stocks on the market right now. Dang. What's that? Signos is not the saddest stock on the market. Yeah, let's keep on selling it.

I learned a lot still over the last year. I learned a lot about investing through CPJ, Fesco, especially Fesco. And I was determined that this year was going to be different. So this year has been different. So things been good. You make an active decision to change how you invest. Yeah man. That's a hard thing.

It's a very hard thing. For a lot of people. I know. The moment I see the problem, the interp is sort of... Yeah, man. True. It's funny. You go in there with something that a lot of people need

in the market but then applied in the wrong place then you have an actual problem the conviction I'm going to buy this thing I'm going to hear everybody else disagree with me

but I'm going to stick it out because the things I think are going to happen for else disagree with me, but I'm going to stick it out because the things I think are going to happen for this thing are X, Y, Z. Winners are there. I think more people do that than losers. What do you think, Randy? Heavy conviction and lose money versus heavy conviction

and make money. Yeah, more people do that because immediately what happens is that you transmit your heavy conviction about buying the stock into loyalty for the stock, right? That's like betting on somebody in a race and seeing that I'm falling behind and then saying, no, that's the person I bet on. I would do that all the time in sports. You don't want to do that for your money. There's no reason to sit in a loser. You're in the Arsenal team.

He's top of the league, brother. Calm down. I realize you're having fun again. What's going on? I hate how much I almost believe in them. It's painful. Anyway, please.

Please. Yeah. Yeah. You say you recover. You sound like you actually recover everything that you might have missed out on last year. I know you'd have been down on signals.

You recover all your losses? No, I never lost money from Signos Oh, what did you lose money from? I just never made any money That's a good story to be honest I mean, better than When you first get I was going to say

That lesson often comes from a loss. It's a hard lesson. Coming from a break-even, that's nice. No, no, no, no, no. It's terrible when you have a discussion with somebody about a stock, saying that, hey, this stock is not going to move past a certain level.

And why should this stock move past this level and your signal's not moving and then you see the stock go up like 200% 300% from that point that is hard beginning i say oh another answer now let's stick with it wow no so we would start what incident was that sir as what he said you shouldn't love on wife any stock too much still. You must just... Yeah, yeah. ...for the profit. Too much.

Yeah. No, no, no. You can have a wife too, but divorce is a nice solution. Divorce doesn't ruin any happy marriages. It just ends the bad ones, right? Yeah, that's true. That's true. Yeah, but come on to talk about dollars.

That's what you came on to talk about? Yeah That's why you came on to talk about dollars. Yeah but dollars. I thought you said Spuretry. Well Spuretry kind of slowed down selling and I moved my money. Really? Something else yeah. It kind of slowed down a little bit around the time of dollars so I just moved my money. But watching it.

I know what I think they're saying right now No no no Okay so Before early in the year I was rinsing SpurTree right Rinsing it And I realized after that 10 million guy came 10 million units guy came

At 4 it kind of Made it become stagnant a little while so i just move my money and put it elsewhere so i still want me let me tell you a secret you know what changes the thing you said does now did not the recovery did not change anything it's still saying the same thing they slow down x y rinse it oh in and out i think i'll say first week are you with me no early in the year i was buying it back buying it and selling it buying it and selling it so every time i get a 20 30 i would sell it really yeah i would buy it back How often did you do that? I did that around

Probably three times Or four As in you bought it I sold it at 30% up Sold everything 30% up? No, like half and half So you hit 30% and you sell it And you watch the rates drop And you go back Is that really it? no like half and half like also so might say hit 13 you're selling into it and

you watch the rest drop then you go back any any right any hey is that really ready you said it is some of it 30% up then what not 30 so like I would okay so I would buy it okay let's explain the explain the play. So at IPO, sold it at the peak. I think that was 266, right? And I bought it back at 203. I put a lot of my money in it. Most I've ever invested in a stock at that time. stock at that time then it went up to three i never sold it i sold it at 3 30 when it fell back down to about three i bought it again it went up to about 380 sold it um then it come back down to about 340 bought it back again then you go to 320 440 420 sold it go back down to 360 bought it back again then you go up to 420 sold it go back down to 360 bought it back again

and then do the same thing which broker you use what's the broker fees you can't say which broker it doesn't really matter which broker you use JMMB

JMMB yeah and the fees 0.5% on trade fee so 9% basically 0.9% 0.91% yeah and the fees i think five percent on trade so nine percent basically point yeah nine point nine something percent point nine one or something like that

yeah point nine one after everything added together something like that yeah but it's starting something that's carrying with the food the sucker made the most money from doing that though it's tropical because we never really have that connection with Tropical. As soon as it got 15-20% I did it around like 6 times with Tropical or 5. I made the most money. I made like 80% overall

from Tropical. What do you use to know that you should sell? Boy, I usually have this thing where every time i get a spider senses 20 or 15 percent 20 to 15 25 ourselves and No, no, hold on, hold on, hold on. Oh, sorry. Got you.

Or I decide? Yeah. No, you just decide, yeah, like where that 15 to 20% thing come from. It never mattered to me. It was whenever I get 15%, 20%. When you get 20 sometime, when you get 20,

if you get 15% if you say 15 and you don't sell, what makes you not sell at 15? What makes you say, what makes you say I'm going to wait for 20? and you don't sell, what makes you not sell at 15? What makes you say, I'm going to wait for 20? In the times that you wait for 20. What makes you say, I'll wait for 25? In the times you wait for 25.

Okay, so it's usually dependent on the demand and the supply at the time. So if I realize that the demand is quite strong and I think you can go up a little bit more and the supply is a little bit weak. I would generally... We measure the demand and supply. Oh, I measure it? Okay. So I look in the sell queue, right? And I look at the demand, the volumes wanting to buy

and how much persons want to buy a lot. So like if you look in the QAC, like somebody wants to buy a lot so like if you look in the qac like somebody want to buy a million units and they want to buy close to the sell price like things like that and then the sell pre-open you're watching in pre-open or something or even during trading even during active trading oh my god keep watching how did you know how do you know that a stock is going to go up though when you're buying it how do you know it's going to go back up too yeah like what's the last thought that you bought i don't want to use pretense of let's use real stuff what's the last talk you bought dollar yeah when you bought i think it was last time i got paid Was it the 26th or something like that

You mean, okay, so September September Yeah Price it was Okay You remember what price Like what's the average price on dollar price on dollar 311 are you looking for 15 to 20 percent uh are you looking for 15 to 20 percent

no i haven't sold that one are you selling when you bought it what did you buy it to make? Maybe it's not 15 this time. I want him to say it. What were you thinking? 60% selling now. 60%? Yeah.

By when? Within three months time. How did you decide to not do that nature anything you were doing earlier? Right. Are you going to do it in this case? If it goes 15% tomorrow, are you selling? All right.

So that reached me earlier. I think probably three weeks ago when the dollar went up to about 380. I could have sold because I had all my accounts in it. Hold on. What's the average price? 311. 380. I could have sold because I had all my accounts in it. Hold on. What's the average price? 311.

311. Okay. 22% at that time. But the same thing that happened to me with Cygnus happened again with dollar. What's that? The thing where you love the stock too much.

So, when did you start buying dollar Because you had it before 2016 That's in the 380 time That's the start of September September 8, 9 September 7 September 8 September 8 was only

It was at 380 383 was a high So So I had it before that. So I had it from IPO and I sold it when it peaked at about 3.55. And I bought it back a little bit too early. When it fell to about 3.20 and I kept on buying it when it fell down. What are you using to determine if it's too early?

The moment you're buying, you don't decide what you want out of it. You don't decide the timelines and what you gain and what you want to get. What makes it too early? What made it too early? It went down to a book. Okay, so I can um that I work this on all the previous IPOs I worked out this this thing to to see where this stock going to reach and lowest and then you can go back up right and I work does that work I work yeah it normally worked for me I worked out wait stop no no don't move off of me

which where did you start doing it i started doing it from from lurk no from from spur that's how i got it at the two no no no whoa you want to school surgerys you looked at previously to determine how SpurTree would move. At that time, I never knew that was the pattern. They were using the thing then. So SpurTree wasn't the first time using the thing. When did you work out your pattern? And which IP was the first IP

you used the pattern thing you worked out on? The first one I used it on was Spur, but I never knew it was a pattern at that time. Say you weren't doing anything. I mean, you did a thing in Spur Tree. I mean, you said you worked out something after Spur Tree. I don't know what it was. It was a what?

I'm not going to tell you the exact thing, but I'm going to tell you that. I don't know anything. I don't want to know the thing. Talk me into talking. I don't want to tell you the exact thing, but I'm going to tell you that. I don't buy anything. I don't want to know the thing. Talk me a talking. I want to know it. I normally like say what the peak price is. And then I look how far it dropped from the peak.

Right? During that initial decline. And I come up with a range. So I said that every IPO would normally drop within this range. So I looked at Spur. And this was based on Spur? No, I looked at Spur. I looked at which one?

It worked when you did it at Learn? Yeah, it worked for Learn. And you had the formula by Learn? Yeah, by Learn I had the formula. So I said that. It worked for Learn. And you had the formula by Learn? Yeah, by Learn I had the formula. So I said that. It worked for JP. He's working it along the way. So you had an idea and you're testing it, right?

So you had an idea. Yeah. You had an idea and you're testing it. You tested it first with SpurTree. So that's the first week of January. And then you tested it again with JFP. No, I never

tested it with JFP. We say it normally works. You tested it with Learn? I tested it with Learn. And it worked? Yeah, it worked. And you tested it with... Hold on, you tested it for dollar? I didn't.

I said it would drop like at this range for dollar. But then I was like, no dollar is special. It's not going to work at this time. So I don't know. I don't start dollar was special with the 3 billion. I mean the, the, the $5 billion with the three billion i mean the the the five billion dollar um

with the with the five billion that they got from the ipo and they only wanted 500 mil i was saying there's going fall to this level so i don't okay okay okay right so yes i never i never i never use that formula one-on-one i use it for one-on-one and i got one-on-one at 176 i worked it out that it would fall at 175 and it touched 175 then went up back and i got why does this thing exist what's the basis for your model what's the basis um life don't give me a percentage you calculate why do you think why does the thing happen in this way to be honest i do not know why it happens but it always happens except when it doesn't it always happens except when it doesn't oh i don't i don't work for jfp no you said it didn't work before right you said it didn't work for dollar dollar was special no it did work for dollar i just i did not believe

and i started buying dollar too early so it worked for dollar as well okay so okay so this will use for IPOs but no we're not talking IPOs now we're moving to the market first go over here now so you know what you bought first go you don't to average of 311 sorry dollar Sorry, dollar, not Fesco. Thank you. So dollar, and you're at an average of 311, and you bought it expecting, is that what you said? Yeah, I bought it wanting like 60%, 50 to 60%. Okay.

And you think that's going to give you that in what time um i give it until february but i really want it before february so before but you say you have a method that you use and you say usually when things get to 20 you you feel like selling them right that's the thing you know 25 or 30. so that's the thing when i don't when i don't feel connected to any stock i'll sell it at 20 but the same thing that's happened to cygnus is happening to me you know with how do you know the problem i'm not i'm not working on it well what is the thing that's happening to me now with dollar. How do you know the problem and not work around it? Well, what is the thing that's happening to you? You're falling in love with the stock too much. Yeah, I fall in love with dollar. So recently

when I saw the 22%, I wanted more and I never sold and I should have. Why? You bought it for 60%, so why would you sell at 22? Yeah. It's too close to where you should have bought it for 60 so how would you sell that 22. yeah right that's still close to where initials bought it but the thing is if you can sell sell it three times at 22 that's 66

yeah but you know there's an interesting part that's not specific all right okay but but Okay. But, but, okay. So which one are you doing? Are you selling it at 22% three times or are you selling it at 60? Yeah.

I probably, I probably going to, I just going to judge based on the market. Wow. Again, I normally look at the market to decide what to do i know you've been listening for a long time you look at the market to decide what to do yeah but i definitely want 20 more than 20 percent from it um you've been this for a long time so what you know I call accidental profit? When you don't know

the reason why you make the profit. And it's, I say it's the most dangerous thing in investing. Right? Gio, you know why it's dangerous?

Because we're on a road, bro. Yeah. You're on a road bro yeah yeah it's you're along that road of that danger you're wheeling like hell but you don't you know what you're doing to make the bike wheelies it's not what makes bike wheelie and how to not how to handle it you know that like i scared for you no well the thing is i am dumbfounded to you the thing is

if you could see me on youtube right now you can see i thought you were on youtube the thing is you know um i've made i've made my target for the year from q1 that's how accidental profit go it works for the year from Q1. That's how accidental profit go. No, it's not accidental. That's for sure. Well, I can't say it's not. Sorry. It sounds a lot like accidental profit.

I even asked you. You said you started your model in SpurTree. We didn't start the model in SpurTree. You did a thing in SpurTree and you said it worked. So it must work for the other IPOs. At SpurTree surgery you didn't look at did it for what is not ipos alone i did it for so it works outside of ipos also so you know you know the peak comes and drops thing there remember i did it i made my most most of my

money from tropical tropical so when you look at other companies on the market, everything follows this model? No, I never told you my model, you know. I know, but you say it doesn't work for IPOs. There's a reason. That's why I don't want to hear the model, you know. I'm not going to tell you the model is right or wrong on the basis of the model.

You kind of told us your model. You kind of told us your model. Yes, you kind of of did to be honest and no you're also saying no hold on man it does not work at ipo's own it works generally so the thing you feel to pretty the peak the trough after any peak works that ipo works all the time no that's not my model. I was just saying to tell you that I made a mistake in buying dollar early because I went against my model in buying a stock that's falling. Yeah, but you have to understand that

if you have a sense, you can pick up a whole heap about the model from that. I have a couple myself, too. So when you said that, you mentioned that you look at the highest price that you can trade for the day and what people are offering in the queue and what the lowest is, and you use that to make a decision and a lot of feeling in there. No, no, no, no, no. No, I haven't mentioned my model at all or used to make the

trade sucks or what i just said did you say anything like that around looking at the the high and the low for the day and the lowest you can trade or the highest you can trade for the day but also what's in the sell queue and what what people are not a cell queue sorry what people are offering to buy the thing for no i mentioned that in a word that's not my model so that's not what you use to make the decision if you if you're telling me i look at these things to make your decision then that must be in the model since you use your model to make decisions no no no no that you want me to tell you what are we dollar now a lot of people on this call we are no go ahead go ahead i want to understand this

model because you know what i thought maybe something so much but i'm always i could be wrong let me hear you right let me tell you my model okay all right so i have a little document on dollar right so basically um i kind of set up my goal so my price about 311 right and my target price is really 630. that's closer to 100 percent um i have my financial projections for dollar. With getting the bond, the $1.5 billion bond raised, I have my projection that by end of next year, their profitability should increase significantly. So the loan book is around $1 billion and they're getting another

$1.5 billion. My projection for them in terms of profit by the end of next year would be about 500 million. That's the lowest. Okay. Right. So in terms of finance-wise, they look nice.

Also, I like socks with a lot of... They look nice. Also, I like socks with a lot of news coming out about them, right? So you have the news that a boundary is coming out, that people are going like that. You have the news of them acquiring a microcredit license coming out soon because they applied in January. And recently, Cardin Mary said that the BOJ had no issues with the paperwork,

so they should get it, right? Yeah, it's almost inevitable that they'll get it. Also, even if they don't get it, there's a one-year moratorium. So that's within their financial layer, correct? Right. And also you have acquisition news, especially the thing with access. That's going to bring the company in the news a lot, right? So, you have outstanding reports and they're very efficient.

So, I expect the report should come out by October the 15th. It stated so. After eight days, after the quarter close, they're going to present it to the board of directors and by the 15th day, the market should get it. So, October, not November 15th? October. Why October? They said 15 days after the close of the quarter, they're going to release the report. When did they say this?

They said this from the first report came out and it was on Sox on the Rocks. On Sox on the Rocks he said that they're going to release their second quarter results. Their third quarter results 15 days after

the end of the results? At the end of the quarter? Yeah, they said that they're very efficient because they basically do everything on a week-by-week basis. So by the time they're in there, they have everything ready already. So by the eighth day, they have it presented to the board of directors. And by 15th day, they have it out on the market. And they say it's going to always be like this. It's not just because it's the first report since listing.

Why is it like that? Right? So I expect outstanding results from them, report results from them. Also, they're going to open up three more branches in Jamaica and they're going to open one in Ghana. And there are possibility of a future raise, probably rights issue sometime. So that's basically my model in terms of... No, all you've told me is just things that the

company has told everybody. What about that means a 20% rise is coming? So what makes the... Okay, so basically Okay, so basically... You said your model. That's your model. So this model doesn't apply to IPOs and...

No, no, no. There are additional things to the model. We haven't said anything about our model yet. Also look at the scarcity of shares. Hmm. I like where we're going now. So dollar has a scarcity of shares on. Right. So I normally tend to buy stocks with the number,

the top 10 shareholders owning over 80% of the company. Dollar top 10 shareholders own about 84%. And I love that I see Gary Perry and Labour in it. That says a lot to me. What does it say? It says that these people expect returns. And they expect to get crazy money from it. When?

Hmm? When? When? They usually like quick returns, you know, probably within two years. Who? Who usually like quick returns? Don't call Gary Perry's name with that. All right, I won but the the mini berry guys they will take the money out of our company if what when when they

get back their returns good returns like turns it returns you have campaigns for years she is scaring me my guy maybe you have companies that at least maybe it's most of the junior market check how much of them themselves do you think that they they're like that because because they spoke openly about selling carb cement no they're so lumber to profit right they tend to move profitably but that but but how long who will access at a profit right don't do you under do you do you understand those situations you understand both of those situations well it's not about them selling at a profit they're going to move at a profit they have to manage a phone they might not sell job tell me something else they've sold bro you are wheeling and i know it's working but when you drop like

when you drop it might be confirmation bias i think is your biggest problem. Why you say that? You're looking for places that agree with you and then say things about those places where they align with you. And in a lot of cases, that's just not the case. Okay. Do you disagree That Mayberry doesn't do the thing you said it do

You've identified Two scenarios Of a while different timelines And you ignore everything In between for Mayberry Mayberry had CPJ When it was almost dead And it was sold Mayberry. Mayberry had CP, Jay went almost dead.

They were sold, but they were in profit. At that point, Blueport taking a beating, but they sold them. Yeah, Gio, here's the thing. The reason why accidental profit is dangerous is because it worked and it worked and it worked and it worked and it worked and it and and every time it works you make more money so now you are playing with bigger and bigger and bigger money and

then one day it don't work and it no man is going to work I I don't think I mean I make accidental profits and I know what I'm doing. I know for a fact that. Okay. Okay. So if you know what you're doing, hold on, hold on. If you know what you're doing and you have all these reasons, why do you sell every time it comes close to 20 then?

20. Well, okay. So early in the year, right? why do you sell every time it comes close to 20 then? Well, okay. So early in the year, right? No, no. Why do you generally sell when it comes close to 20? So you sell 15 to 30% that gap, 15, 20, 25, 30, and you sell in that range. Why?

Okay. So during early in the year, right, when I was working out a format, I used to have like three stocks at the time. And 30% was

a good amount of money. 30% would give me 30% would give me my target for the quarter and i worked out if i make 30 on my entire portfolio each quarter by the end of the year year, I would have I would have close, I would have I would have meet my target if you made 30%. Give me the actual number. If that number is your target, everybody here can do math.

What is that number? If you make 30%, then your portfolio is each quarter. Let me tell you how much my portfolio is up since here that's not a question that's not the question that's not the question what do you mean okay you said if you worked out that if you make 30 percent per quarter you will hit your target so what's the target okay so the target would be 100 increase on on my portfolio. And you need to make 30 three to four times? If you make 30 three times, you're there. Right.

And normally... What do you say, four? Yeah, right. So in Q1... No, I'm saying you're agreeing and disagreeing. Right hand say, right? Four? Then I say three. And the other hand say three. And you're somewhere meeting in the middle. Is it three right or four elephant and then i said three and the other one said three and somewhere meeting in the middle is it three times or four times why would you say four then

all right listen listen to what i'm saying i'm saying that initially when i set out this this little model right i said if i hit 30 percent for each quarter, I would make my 100%, right? Well, you'd make 185%. Right. Which is not 100%. That's far different. Right. So I would say I would make over 100%.

Over 100%. However, in Q1, I realized that I was hitting 30% more than once. And I realized that sometimes if you take a smaller percentage gain, by the end of the quarter, you can make more money than if you waited out for the full 50% or even more. So that's where I started taking 50% That's not as much That's not telling me the thing we asked so

when you go into a stop what do you generate when you look at that stuff start at the quarter and you want to hit 30 percent by the end of the quarter that's what you're looking for right um like for example let me just give you a good explanation Like, for example, let me just give you a good explanation. I can't answer questions. Like, Tropica wanted... No, you did Tropica. Okay, tell me what you wanted in Tropica when you first bought it. Okay, so I first bought it at $180 and I wanted it to hit $3.

$3. So that would have given me 70%, right? Approximately that. But instead of waiting on the full 70%, I would take 20, 20, 20% from it. Stop right there. Why do you think Tropical...

So when you go in, Tropical is on the way to 30. On the way to 3. It hits 20% and you decide that you're going to sell Tropical is on the way to 30. On the way to 3. It hits 20% and you decide that you're going to sell Tropical right now. What makes you say 20 is fine. What makes you say

I can hit 20? What makes you say right there? Ask the before the same. A similar question. You say 15, 20, 25, 30. And I ask you how you decide which number is good for you well you said if it's 15 or 20 we say that or 25 or 30. so basically during that time i observed

market and i said it start going fall i sell it at 20 and i set my bucket at a 15% discount to what I sold it at. Or sometimes, yeah, around that. And I buy it back. And then I say, all right, if I buy it at 180 and I sold it at, let me tell you. If I buy it at 180 and sell it at 225, which would be 25%, I say I'm not going to buy it back until it goes back down to, like I said, $2. And when I buy it at $2,

I say, all right, next price to sell it is at $2.25. I mean $2.50. $2.50. So each time I buy it, I sell it. Each time I buy it, I sell it 25% more

and then I buy it cheaper, like 10% cheaper. And I continue doing that until it reaches $3. When it reaches $3, I come out of it and find something else. I see. Yeah.

So basically, I stay in the stock until I reach the ultimate target price. I normally sell by... You sell and then buy it back. You don't stay until you reach. Why don't you stay until you reach if your target is 70? Are you really targeting 70 then? I don't normally

sell everything. I sell like half of it. So I never leave. So if you know it's dropping, if you know it's going to drop, why don't you go all the way? Oh. Well, it could go up more

and I don't want to miss out. Imagine jumping off with half. If you jump off with half and then you start going up, what makes you decide if something will go up? If the fall won't come now? Well, I generally have some things that I'm looking out for.

Yeah, man. So if you jump off already, you jump off already with jump off already with the half But you know there's a possibility That it won't go down Like you just said, because you keep half in Suppose that doesn't happen What would be your signal to say

Okay, it's not actually happening this time What would be my signal So basically I'll look on the demand I'll look on the demand look on the demand and the bike you demand right mm-hmm look on this demand I look on how much demand is in the bike you your as bike you is not alright sure okay well how much stop saying demand you cannot the others in the orders in the buy queue.

Demand is every stock that everybody is looking to buy. That's not only on the buy queue. In fact, quite often, if you were to go by the buy queue, nothing would happen. Because those are the trades that never went through or haven't gone through yet, right? Anything on the queue? Agree?

Yeah, man. Alright. Tell me. What should we do? You jump off with half at 20%. But you see something. What would make you say

it can no longer fall that much? Well, I don't wait until it stops falling. I choose... It's not that real. You see the things after they happen, not while they're happening. Falling. It's falling or it falls.

It's falling or it falls. It's either fall before it falls. Right? It's not like the thing because somebody sells stock. It's not because you see these sales go through me, the stock is falling. The stock has fallen. The next step is will it continue will it actually continue no but you say if you set a bucket at 15 percent down what would make you think that bucket need for raise no the bucket

need well whenever it's not being filled i'll put put it up. Over what timeline before that happens? How do you decide it's not being filled? Because, again, we don't see the things that are happening. We see them after they happen. I don't use a... Well, I don't use a timeline. Yeah, I don't use a timeline.

I basically just use what's happening in the IQ. If people jump... Give me an example I basically just use what's happening in the buy queue. If people jump... Give me an example of what would happen in the buy queue that would stop you from... That would make you have that feeling.

Okay, so if I put in an order, right? And I only get some or I don't get any at all. And then somebody comes in front of me with a large buy order. Right? And I suspect that nobody not going to sell to that. Nobody not going to sell enough to that person. I'll go in front of them and I'll buy it. Me first, me first, me first.

Yeah. Yeah and sometimes Sometimes Sometimes I can manipulate the market as well In terms of I don't think you want to say that Anywhere that you can manipulate The market That's a dirty phrase

What do you mean by manipulate the market boss It's okay never mind It's in your best interest dirty phrase. What do you mean by manipulate the market, boss? It's okay. Never mind. It's in your best interest to explain that you are not actually manipulating the market. You are just placing orders. Right.

So explain what you mean by that. Bro. Bro. I can do no manipulation of the market Outside of buying and selling shares If anybody wants to talk to Gio about T-Money Whatever I'm doing Talk to Gio about whatever I'm doing My gosh

So Gio, this doesn't sound esoteric It doesn't sound My gosh. So, Gio, this doesn't sound esoteric? It doesn't sound... You're not seeing any gaps in this? Well, what are you asking exactly? If you're a method, if you don't see any gaps in it. In my method?

If you don't see any gaps in it In my method? No, I don't have any gaps in my method I don't think anything is wrong with my method Damn That's right We want You don't want to talk about dollar Muta Baruka just coming in here

I don't know what's going on. What's going on? What's going on? Just some crazy things, bro. Just some crazy things. I heard him. I heard him. I heard him just coming in.

Well, I didn't hear him, officers. I have no idea. Oh, my God. Gio, you realize that you are... I think he said it in the right way. I don't want it to sound offensive accidental profit like you are if if if if one to ten is a scale of accidental profit what you have described is maybe a strong 8.3 like you are you are but why would you call it accidental profits because you are

you based on what you have said you have no clue no clue why anything that you're doing is working but it works sometimes and the times when it worked and and it includes two things it includes it includes upward share price movement giving you the feeling of congratulations so you believe that the thing that you did previous to that upward share price movement is the thing that um is the thing that that that actually predicted it and you ignore the fact that the reasons that you're saying as to why you're doing it they don't line up so for i give you an easy one you look in the queue and at the demand in order to have an idea of what the future movements will be no if i hold on no man no man no listen to me just listen to me for a second because i will ask you questions around this in a second so i need you will get to jump in but i remember that maybe 10 minutes ago

you said that you bought dollar because you're expecting at least 60 in six months what in the queue a month ago when you're buying dollar or three days ago whenever you last bought it what in the queue then indicated to you that dollar would be at um dollar will be at at 380 uh 380 yeah dollar would be at um not 380 he says he wants 60 and his average is 311 i thought about 380 he missed. No, no, no. Okay, so 60% from 311. Indicated that dollar would be at $4.98 in six months. But wait, I never said anything in the queue indicate that the stock going up 60%. You did, but here's what. I didn't ask you those two things together. So there was a time in your explanation

when you were telling what you used to know that it's going to go up, and that's what you said. No, but okay. So I do not buy stocks because of the queue. Right? That's number one. What do you buy stocks for? I just explained. Okay, so what makes you sell what makes

you sell then the queue no that that's not what makes you sell socks you know but earlier so when you say that 20 is not with you no you you're not you literally just said when you know well i'm not getting it so I'll do it again. Oh, you're right. What's the thing that you look for that makes you buy? So I'll tell you a little format, right? Yeah. The profit, I don't think.

The financial of a company, right? Scarcity of shares, right? I look for the plans that they have. Right? I look for what's going on in the news. Right? And what do I look at?

And the management, basically, or aggressive, the management team is. Right? Those are things that I look at to decide if I want... You mean aggressive management? No, no. Those are the things you look at to decide what? What? Sorry.

If I like this company and I want to buy the socks. So what do you use to decide that the share price is going to go up 60%? 60% and the timeline too. Okay, so let me ask you a question. Pause, pause. You see that pause? You keep not answering the question. See that pause? That pause is the answer to, why do you think that I'm making accidental profit?

That pause is the answer. You have no clue. I don't mean, I'm not asking you. I don't mean that bad way. Okay, okay. It's dangerous, Gio. And you know who I know is dangerous? You yourself know it's dangerous.

You know why? Because even when you are telling yourself on the one hand that I am buying, for in this case, dollar, because I expect it to go 60% in at least six months, yet when it gets to 15%, oh, I'm going to sell it. I never sold it. Hello? You said it was a blunder that you didn't. Exactly.

You said it was a blunder that you didn't. I'm not saying that you sold it. I'm saying when it gets to that height... You know why it was a blunder? Because... It fell a little after? It fell afterwards. No, no, no. The reason why I said it was a blunder was because early in the year I had a method.

And the method was, I'm going to track the stock from point A to B. But because stocks don't move up in a linear pattern, whenever I get 30%, the pressure of the stocks always come on great so i'm going to take it when it doesn't doesn't yeah but it it will make it doesn't allow it not to happen but i'm going to take it so geo you said him no gaps let me say i said that was a method before right i would take profit before it reached a target point right so during that time i think by saying it's a bundle you started with that wait no no no no so i'm saying that or during that time i usually take profit before it reaches target price and i'll buy it back right dollar after understanding a lot more about my method and what i like i say i'm going to stop taking profit so early i'm going to wait until it reach the the the target price right and now i'm thinking to myself

and say should i have taken the profit and do the same route that i used to do before or should i um stick to this this more confident investing i think you should listen to your voice. I think you should listen to the imposter syndrome here because it is telling the truth in this case. You are doing a dangerous thing, my guy, and it's working until it won't work. The problem is there's a time when it won't work and it won't work with big money. It won't work if it won't work with big money it's working already i've invested i think you're not hearing what i'm saying it will work with millions bigger money

no no he's already have millions he's not big money or the same set so bigger money i mean the concept is that it will continue to work and every time it works it increases the amount of money you're doing the incorrect thing with and and there will be a there will be a point at which you will be burned in fact you are getting burnt many times no but you're ignoring the burning because my belief and sometime it work out i've invested quite a bit in Fossridge and made it big. We are not saying you don't have money, Gio. Nobody is saying that.

We are saying you're going to work. You're going to make more money on top of enough money you already have. And at that point, it's going to be bigger money. That's the concept. If you make money, you have more money, no? I bought Fossridge at 24, right? When you guys were staying do not buy because what what i remember leave the man tonight no no no no no no no no what i said what

When you guys When The first Notice That hey we're going to have a stock split And we're going to have an APO What did we say You guys said no Be very careful

Be very careful I said You guys said first we did a 10 But they want to have an APO You guys said foster kids are 10, but they want to have a 8-year-old. You guys said, I don't like it. And I said, you know what? Those are not songs I do not buy.

Say something concrete. Say something concrete. Say what I say, man. Say what I say, man. Say the actual word. No, say the actual word. 24. 24. Right? No, say the actual word. No, I want to say 24.

Then I say what? You said passage wants an APU. It sounds like they want an APU. They're leaning to an APU. Uh-huh. I know you're doing that by all no. In my mind, I saw clear signs that Fossage going to go at least $40.

What were those signs? What were those signs? I want to hear those signs, but I want to hear what that says. What were the signs? Uh-huh. When was this? It's the same when they first unknowns that they're gonna have the APO such right to choose and the so when was when was the when was the what

was the date the first time this is for is a water. So when did you buy it? That's what I want to know. The first, let me pull it up. You guys are saying that Kenny is more something like an APO. Yes. Finish the talk, no man. You're saying something

and everybody is going to kill you. You don't say where you start until we say. Wait, now let me find it. Yes, I do not like APOs. Right. Many times, almost every week at this point. What was said? APOs are terrible for retail investors.

Right. I still switch plans to have one. You still think they'll... Right, so you guys were saying that. I, Randy, I'm saying that. Not you guys. I am saying they're planning to have an APL. Then I have said that as well.

Then I have said that many times. What does that have to do with the movement that we're discussing now? Right, so I'm saying that... No, what about that indicated okay so you're saying that is is is um book up profit and i'm saying i can be broke ups if It's not mockups to work, you know? It's not mockups to work. No, no, no. Let me see.

Go to it. 24, you buy a fast reach with clear signs it's going to 40. What are the clear signs? Alright, so basically, fast reach fit all the models that fit all the model that fit into the model that I had so a stock that is tightly held

around 92.5% of the company is owned by the top 10 shareholders 80% is Cecil and his wife the free flow is quite low or small, right? That can't move anything. Also

there are massive... What's the free flow? The free flow would be the remainder of the shares from the 92.5. So everything outside of 10 is free flow? Well, that's that's it to me that's it in my mind if you are you are my my guy accidental double buck ups profit constantly no no you know we've been down this road before No You know, we've been down this road before Okay Gio, I just want you to remember That I said that

Yeah, that's something you can't say That's something you can't report us on And the truth is We have all these in public So if we say something, you know It's easier to prove than I said Do not buy Swastik Don't ask me toastik October 7th

October 7th 2022 I clearly told you that what you think is your method Is dangerous and rubbish Sorry not rubbish But it is akin To having a method to figuring out What number I'm playing cash part

I'm sure I see the Dopey And then Dopey play What is my method playing cash pot. I'm sure I see the Dopey and then Dopey play. What is my method? Somebody gifted you a girl and it hurt me because that's why I don't like giving away a girl. Because people pay for it, take it serious. And I think

if you had listened in to girl, the full thing, not just the noise term I got through, the full thing, especially the first part, take it serious. And I think if you had listened in to Grow, the full thing, not just, but know it's the full thing, especially the first part, the boring part where you definitely think, you know, what you are doing, no, you will not be doing it. Randy, what's your method? Have you done Grow?

Gio, you literally went to the class. Have you done Grow, Gio? Well, you know what, he was in the class and everybody that does Grow is actually in Grow. Have you done grow, Gio? Of course, I went to the first one. You didn't go to the first grow, but you've done grower. Yeah. Okay, but you weren't at the first one.

What I'll say is my method is that I start out with understanding where I want to go, what I want for my money. I'm very clear on that. And then I look at what's out there available to me and I pick from those options. I analyze each of them to find the best one that I think will do what I want when I want it. And then I buy it. And then when I get that thing, when I get what I say I wanted, I sell. Okay. But you know there are many ways to skin a cat, right? Gio, you don't know what you're talking about,

and I do. But sometimes your hands slip. There are many ways to skin a cat, and if you actually know how to skin a cat, you will also know methods that do not skin a cat but seem to so if me get up to skin a cat I see me going to the kitchen, I'm going to take out my knife

I'm going to look for my rope, I'm going to find a little board I'm going to start laying down newspaper on the ground and you go, yo, me skin a cat I'm going to see you pick up an egg you pick up an egg I watch a lot of these Netflix shows I'm going to see you pick up an egg I watch a lot of these Netflix shows you pick up an egg

and a fork and you take some money out of your wallet and say what are you doing and say yo

I have a little method I put this egg in my pocket I put the fork in my top pocket I take this bus around the road and it carry me

15 miles down by Rio Cobra. And every time I go there, there's a cat there skinned already. And I realize, right, every time I feel skinned a cat and I fling it away, it floats down the Rio Cobra. This guy has been thinking that whenever he's there at that point and picks up the skinned cat, it's because he had the fork in his pocket and the egg in him other pocket. That's what caused it.

Holy crap. But that guy's going, no, worked it worked it worked last week and i think damn i skinned a cat last week didn't i i worked a week before and i thought i did skin a cat in fact i've been skinning a lot of cats geo you're doing a dangerous thing the market you see you see when people say things like um everybody is a great investor you know you know you know um what a bull market what you are doing is the reason why they think people like that and i do that because what it is crazy what you're saying to me if you listen to me g and you've done grow you've heard me get very precise with things you've listened to this for a long time so you've heard me call stocks precisely like i don't do Like down to the day sometimes.

I think that was in November. Yeah. Hold on, Gio. It's not a play around thing, brother. Members of people listening and watching. So like there's a part of my heart that's hoping, yo, maybe I'm trolling. But I know you're not.

I know you're serious. It's crazy to me, Gio. What you're saying is crazy to me what's wrong with me because it is literally saying you are you are spinning the radio put the AC on second cover one ear and cover one eye and the car will turn right and I know that's how you turn a car right but every time i do the car turn right no and i'm not here to stay you know you know so i came on to speak about dollar right and you said conversation then that's what you want yeah let's have the dollar conversation sure it's accident so why you think dollar won't go to the price? Nobody said that. Nobody said that.

You just want to hear him say it. You just want to hear it. I know. I'm trying to use psych. It's okay, Gio. Merry Christmas. Dollar is going to go to six by next year. That's what I think.

I could be wrong, but that's what I think. Why? Last night, a dream seat. That's my method. It's been working. I think nine better steals. I stills on the pavement this morning oh man right so geo you want to have a conversation with the stock we can but that's crazy to me what you're saying

like it's crazy crazy to me you know it will dip because it dipped no never say i know it was going to dip because no i am saying that that's what you do because you are not able to tell me a thing that you can reliably look on to say that this indicates the share price will move in one direction or another the other only able to say that with some strong bases i am going to say it's accidental profit the way i stopped accidental profit is by saying what the bases are and we look at them and we see how strong they are and then we say whether or not it makes sense but the fact that you're saying that that is your method of picking a stock which it is and the more you're more complicated

you're gonna say no i'm gonna add some more to your method and then we said I guess I didn't think or I'm gonna say the same thing again no I told you it's a right and I said yes you did me when I completely come out of a stock no I actually what makes you sell and when you sell yeah but stop what the beauty behind knowing when to hear that is I didn't ask you it. I asked you something else and you told me earlier. Twice you told me how you exited stocks. I told you. You don't remember?

I told you that when I think the demand is waning and the sell is getting greater. When did you measure that and then it went into how you measured it and then it became very vague. No, no, no. That's not me. That's just me taking some profit off the table. The fact that you just think that...

You have to predict that. You're taking a profit because you think it's going to fall. So of course you're predicting that stock. Mm-hmm. But you just said no you just said you said it again bro you agree i agree you said something i disagreed immediately but the disagreement is a yes yeah it's accidental no you guys want to tell me that it's accidental like for example no no no i you guys want to tell me that it's accidental. Like, for example.

No, no, no. I don't want to tell you it's accidental profit. The market is going to tell you. And if it don't tell you next quarter or this quarter, it's going to tell you at some point. So I write poetry from IP Yoga straight to 450. Sorry, pause, pause. I did that last week, dog.

I mad want to ask if they sent him. Hear me out, Gio. You rode SpurTree to 450, you said, right? Yeah. 450. When did it hit 450? It hit 450 like three months ago. Okay. But when, when, when exactly? Um,

this was like in May or something like that. During that time. April. April. Yeah. Yeah. We're in October. So that's not three months ago,

but cool. Um, no, no, no. So it hit $4.50 April. And that's a new sale, by the way. Completely? No, not

completely. I never sell completely. Okay, so help me out. Why don't you sell completely? Because I always think that there is more to come and then i keep on watching it and then i realize it profit kind of slowing in this stock and i see something else that would give me more money i go into that so all right pause you see no no he doesn't realize

he's explaining how and when he sells a stock because He doesn't realize he just missed Because if Profit never slowed down XYZ Then you'd still be in it right Right I don't think I would think about that one

Yes But can I say yes at this point The stock was moving between like... Answer Dana's question. Answer Dana's. Keep doing this, Marcy. Your reason you sold is that thing. So if that thing never happened, you don't either keep it.

Be more specific. Do you agree? Do you? Do you? Do you? Big up on my phone? It was me. What do you say I cook for dinner? Come here, J.L. Come here. Come here.

Come here. Come here. Come here. That's it. I really sold it because of the wall. That was the wall So the wall never come So the wall never come That's all he's saying bro What's happening

Talk to me about jail I don't think anybody on the car right now is saying I think everybody's like yeah right Come in jail Talk to me about that What do you want about that? We'll say six months. Are we doing a conversation for you?

Six months, you think it might hit 498? That would get you to your goal, right? Yeah, that would get me to the goal. That's on. Six months. Six months from now? Six months from when Yeah from when So

Six months timeline would be February So six months after September These two quarters No no no stop February So six months Starting September No, no, no, no. Stop. February? So, six months. So, it's binding from like August. September. Start of September. No, man. Six months.

End of February? When in February? When in February? Actually having a conversation you won't have knowing us. So, let's do it. When the report should come out, around 14, 15. Oh, 14 okay on February 14th in big that's why you care about and drop in the report early because when the profit is seen people gonna rush the library no no no no no stop it will be February it will be January yeah we'll be done here on the 15 yeah wrong February I give it I just give it awesome why hmm the man same give it. I just give it to him. Why?

The man same give it to February than I. You know what I'm worried about today? The other report is going to be exciting and the other drop. Because they report before everybody else. Yeah. So... You know, you're not worried about that?

That February come and boy, everything else look exciting except dollar? No, the big thing about dollar is that they report before everybody so i'll take my profit we're supposed to go move to the forehead whatever so and is my february mean february don't start yet or sometime in february i don't give it until

the end of the period to sell now once the profit is february so end of february right so until the end of february and i'm saying february when everybody else is reporting because they'll report early so they don't get the win they want to get you're not worried that dollar reach 430 and everybody will stop caring or 450 and just start selling because you're all to see PJ, whatever they're doing over there? Well, once I see that people stop caring, as I say, I can judge what's happening on the queue. I'll sell and quit my product.

So what on the queue would look like people stop caring? It's not working out. I'll make you say, boy, I'm looking today and you're not really good at this. You're going back to the same conversation again. You're right. You're right.

You're right. I like what you said. Let's come over to dollar things. They're probably going to do some regional expansion too, right? You know, they're doing well in Ghana. Yeah, they're doing well in Ghana. As well as a keyword i saw that ghana um gdp expected yeah that's not a key word this year so it'd be really cool if

i could go government government lending yeah we call it a gdp imagine that right just like into the government and the gdp is flying that much then yo that'll be the guys could be the guys in the middle yeah yeah they're going to make a credit um lending facility they're doing what they're the only micro credit yeah okay a lot from the boom in ghana from the Only microcredit? Yeah. Okay. From the boom in Ghana. From the oil? Yeah, from the oil.

And the... Oh. Sorry, Danai. That's kind of loud. I'll give you one so that I know. What? I threw the mic. Sorry. Yeah.

I forgot what the other dollar point was I have a little list of keywords in my head I'll throw in by the way Go on with anything For the lower cost of debt Because it means higher margins for them Yeah And then I mean what Danai was saying because it means higher margins for them. Yeah, yeah. And then... I mean, what Danai was saying, but yeah.

Which is similar to this $1.5 million bond, but we said those already, so there's no points for that. What's another one? There's stuff that Kadyian seemed to be mentioning. I saw some stuff on IG with some medical people. That's probably interesting too. Oh no, I remember what it was. Sorry. First Rock's private equity arm buying the oil company in Trinidad. And that then means that there's possible synergies synergies between dollar and and um that company in trinidad because that company is actually doing work and has workers and stuff so

i think there's you know the possibility of if that company doing any like lending stuff with its workers that's an easy in for dollar dollar. And what the leadership of personal private equity is also. It's in the leadership for dollar. Right, right, right. Yeah. So the question I wanted to ask. Oh. Right.

I was actually waiting. Yeah, what do you guys project for dollar given this 1.5 billion dollar bond? or will it influence the profit bottom line Only influence their bottom line. How do I think you influence the bottom line? Right, so they'll make Let me couple 40% on each dollar that they lend out They make about 40% on each dollar that they lend out.

Apparently, yeah. So if they borrow just as much dollars. Huh? If they borrow just as much dollars. Mm-hmm. Almost the same effect. What's the real effect of that? 30% after the margin on the loan?

Right. So I'm seeing something like close to like 600 million. If that's what you were calling to. Yeah, around that. So now they're making, and that would be what, per quarter? Well, you tell me. You said 600 million. There are 200 now, right?

Year to date, they're at 11 119 but that's just two quarters so i feel money to read that so they know you're thinking about that um you think that they have another roughly 500 million worth of profit to come over um six next six months well it has so 300. So 300, you think they're reporting 300 million worth of profit or in that region anything over 100 or anything over 200 million worth of

profit up to the quarter ended September? Or the recent quarter ended September? Well, we'd have to cut us that's that's a quarter um no I don't think they would reach 200 million per for that quarter I think around 100 million about so you think so you think the rest of the money coming in going to do yeah up to December you think they're going the money coming in next quarter?

Yeah, up to December, you think they're going to do... So between now and... 400 million. Between the 400 million? Yeah. Right. So I think they should do about 100 million this quarter. And probably by... What's this quarter?

When you say this quarter, what do you mean? What time period? The one that ended. The one that ended September? Yeah. And I think by probably the end of December, the end of December, that quarter, I think they should do probably 150.

All right, help me out. So they do 100 in the quarter that just finished. That's what you think? Yeah, yeah. And 150 in the next quarter, which is a quarter that we're currently in. Right. So we're going 250. And they're currently at 120.

We'll call it 120. So that's 370. But you're expecting them to report 600 so where's the other No not This quarter I mean Next year Next year when?

The end of the next Financial year You mean 2023? Yeah when this 1.5 December 2023 Yeah yeah So January 2024 2023? Yeah, when this 1.5 billion... December 2023. Yeah, yeah. So January 2024?

Yeah, basically that. So because you expect them to report 600 million in January 2024, you think the share price is going to go to 60% higher than where it is now in January 2023? No, no, no. I'm not saying that. I'm just asking you what are your projections. 60% higher than where it is now in January 2023? No, no, no. I'm not saying that. I was asking you what are your projections.

Actually, what are your projections? Why 100 million in this quarter, in September quarter? So, so with um the money that they got from ipo right remember guys i just take a moment while he's looking at up to remind you every micro com slash grow if you want to learn how to make money on the market in a structured, consistent, repeatable, empirically repeatable way, I encourage my own workshop.

It is designed to allow anybody to understand how to do it. And... Gio? Yeah. Hold on. Yeah, so I was saying that they have like about $1 million on their loan

book now, right? General. Are you telling? And I take 40% of that. As what? As revenue? It would be 30% of that as revenue. Why do you take 30% of that as revenue?

Because the main 40% from it, but 10% of that should be the cost of the loan. Okay. So wouldn't that be gross profit? Yeah, man. Yeah, man. Okay, so where you get the 40% from? They say that most of the loans, loans make 40% margin on them. Okay, and what's the life of most of the loans?

About six months to a year. So that means that they get 40% on $1.5 billion twice in a year. Basically. But that basically doubles the number that you should expect if what you're saying is correct. Right. So you're expecting $1.2 billion from them then in a year that's what you're expecting from them no reason thing you said I'm saying what you did yeah I'm just adding some so a little bit more I just a little bit more structure around what you're saying.

The thing you're saying. So we're testing the thing you're saying against the other thing you're saying. Okay. So if you said they make 40% on their money and their loan book, how much was their loan book before the bond? Before the bond? Yeah. What size was their loan book?

In bond, it was about um one billion dollars and this recent bond gain put it up to about 2. against 2.7 billion is so much what 1.08 billion is the answer I know that might be a little tricky I had to work to myself 1.08 billion is the answer there, right? But you also said most of the loan book is six months, right? So they get to do that twice in a year. So based on what you've said, you're actually expecting 2.16 billion in profit

from them. I never expect so much still. That's why I asked your projections. I want to be very clear. These are not my projections. Right. That's not my projection either. These are...

The thing you said just now. You expect them to make 40% of their loan book in a year, right? Yeah, more like 30%. Alright, so you expect them to make 30% of their loan book in a year. If I just go off that, that's

810 million. Right, right. But you expected 600 million from them. So we're asking why. Just please, Gio, just come grow up. Please, come back. And just humor me and come back.

Please, I beg you. You're doing some dangerous things out there. My guy, dangerous things with your money. And I know it's fun and I know it looked like it working, but just trust me. You're also working. I don't know if you're working harder than you need to, but you're doing some weird stuff, bro. The AC, the AC button is not what turns the car. Right.

I know it looked like it does. And every time you do the car turn right but just trust me is there is a there's that there's an entire other system is because every time you lean to the ac button that little round thing in the middle you keep pushing it to the right that's what's causing you to turn right and i know it don't seem that way but one day you're going to maybe try it from the back seat of the car and that's when the crash will come you might not get hurt with that crash you're gonna do it again and there'll be another crash you're doing the same thing in the market like you're using and the problem is and like i know what you're doing right what you do is this will be accepted almost anywhere else because you've said enough other the dollar keywords and once you said the dollar

keywords everybody else agrees with you and you know the numbers and they say oh you know in numbers right and most people don't know whether or not what you're saying makes sense and if you and even the people within dollar wouldn't disagree with you because you're not saying bad things you're not saying wrong things they are expanding right they are that just trust me Gio please some dangerous things you're doing or because you this is what makes it dangerous because you are looking at at the wrong thing, thinking that it indicates something that it does not.

What am I looking at that is wrong? Almost everything. The things you're looking at are wrong. You're assigning them incorrect meanings. You don't have an actual method. You're not being honest with yourself about what it is that makes you sell as anybody who listened to what you said and what the times when you sell why you actually sell i've heard it right now meet my goal and that's that's true you need to meet your goal which goal is 60 or the 20 no i always i tell you that I have a price in mind that I start

with and what I want to end up. Right? Okay. Take a bit off the table. At 20% marks. Why? No. Why? Because it must fall.

Because, right, basically because... What about when it doesn't fall? What about when it doesn't fall? Thing is, the stock never moves up in a linear pattern. Except sometimes it does. Well, it has never happened to me in that way, right? You see the problem there, right?

You see the problem, you hear what you just said. Okay, bro. Right, so when it reaches my target price, You hear what you just said. Okay, bro. Right. When it reaches my target price, that's when I sell. But I'll take profit off the table. Take profit means sell, you know? That's what it means.

Nothing more than that. It does mean sell. Right? Gio? Okay. Yeah, I agree or disagree that take profit means sell it's okay I sell

I know you don't mean all the profits yes but it still means you sell some it's okay I've done it all the profits yes but it still means you sell some it's it's okay i've done it yeah tropical i create um are you thinking jesus rich and i've never i've never made any mistakes this year for stocks on the market my portfolio up 125 percent so it's working made in the market. My portfolio up 125%,

so it's working for me. I'm proud of you, bro. You listen, the ultimate

rule is, if you think it works for you, and you have a method that

you think works for you, and it work, and it keeps working, like, I could be wrong so good luck bro good best of luck like see your best of luck yup and dollar report the 15th

suppose them don't report the 15th of um january 2023 well it doesn't matter if they don't you know i just know that if it's going to be there what if it's not i don't have to see i don't normally sell when i see the report i sell before the report but okay good night guys I think I take a book instead for the report that would be well within the first two weeks of January then I know when the report should come out and I say yep so the profit is normally there and I take profit. Normally, so not every time? No, not every time. The last time the report came out, the profit wasn't there yet.

But the model has no gaps. And it always works. Always works. No, no, no, no, no. You're not allowed to say that, Gio. It always works. All right, Gio. I mean, good luck.

I suspect it might work again. Good luck. Yeah, man. I mean, very likely you're rich enough before you decide to change a step. He can't afford to get it wrong. Yeah, I'm right.

Good luck, Gio. Anybody have any other big up Gio? Anybody have any other points or stocks or anything else that they're interested in? Or strategies or methods? That's interesting. methods. That's interesting. Yeah, I think strategies would be great to talk about. I went into a little

wargaming thing this week. It was really fun with a group on I'm forgetting the stop. No, wow. Really? That's surprising. Spirit Tree. Spirit Tree. Spirit Tree.

It's not surprising to me at all. It didn't sit in my head at all. Yeah, it was on the back of the Spirit Tree news. That was an exciting thing that happened this week. Anybody want to talk about that or Spirit Tree, feel free to send a speaking request. But it was an exciting thing hearing Spirit Tree coming with this. Another. Another. It was an exciting thing hearing Spertri coming with this another acquisition. Yes, sir.

Yeah, they started off with one with Exotica. In an article about it, there was a couple of interesting things. So them buying now at this point, I think they're a powerhouse in the Aki export market. I don't know if I've said it on here. I feel like I said it on here, though. I feel like I've made a throwaway comment about white labeling and not that I've said that. That's a new SpurTree keyword, by the way. I was going to say, may not stop here, it's in a brew. Yeah, man. Anybody playing a drinking game, every time somebody says white labeling in a stocks conversation about SpurTree, you take a shot. Might need some earnings season with you, bro. playing a drinking game. Every time somebody says white labeling in a stocks conversation, you take a shot. That'd be nice.

What I would say is that we might want to be... Sorry. Let me start this whole thing. I was still thinking about what Gio just said I think about what I told the guy before Gio and then what Gio said

and I said to the guy that yo here's somebody who might know a little bit more and have a little more of a structure and then I introduced Gio who does have a method so SpurTree with their acquisition of CanCo, which happened this week,

December, October 3rd. So SpurTree bought in, paid off some of the old shareholders and bought into an Aki manufacturing company. And I was trying to remember how I got on that tangent of white labelling GK white labelling and I said you know I know I definitely said it at a go

you definitely said that a lot here bro we have a lot of questions on their own surgery ok ok about the them possibly having GK as a customer I mean GK handles the distribution in some market them possibly white labelling for GK as a customer. I mean, GK handles the distribution in some markets.

Them possibly white labeling for GK, of course, they need larger facilities. I feel like I said exactly that. Here we are, and they have bought larger facilities via an acqui. You know what they call an acqui hire when you get, you want

like a key employee, so you buy them a company that person. What would you do if you buy a company for the the process and the the factory an acqui-conveyor i was trying to make it sound pretty i'm not getting anything right now yeah whatever it is but the point is they bought Canco, which is the largest aquifactory in Jamaica, reportedly. And they already had Elite. Not Elite, sorry. They already had Exotic, which has been growing and is a strong player in the industry, too. I think a couple of keywords around SpurTree that will happen is, you know, will they raise rights issue?

Will they, if they raise how much, I mean, how much do they think they paid for Canco? I asked in a group and somebody said, one person said 100 mil and I regret not following up with him on why he said that. I don't think that's necessarily far-fetched, but

anywhere from 70 to 100. I'd go up to maybe even 150, but I don't think 150. I think maybe 100, anywhere from 70 to 100. And I based it on some factors that I saw looking at Canco and just doing some estimations around the kind of money that they may make or may have made and what you know they think they could they could ask for point is is a possibility of doing a a a raise later on for this and I'm always gonna say a rights issue and I've also heard it said chatter in the market spoke about you know spinning off a whole a key a whole a key what do you call that like if they handle mainly a

keyboard can goods but a key can export or because if they merge exotic and can call and push their own Aki line to it. Well, they don't have the Aki line. Aki line is Exotic, right? So if they merge Exotic and Kenco and spin it off as its own company on the junior market, that could be massive opportunities there. And that company could very well be painted in such a way

to make it clear that it is of the size to have its own lines and also do take a shot white labeling for GK, which also has sizable presence in the export market for that product. And a few others, right? Canco itself was reported right before the pandemic to have lots of excess capacity, about 40% excess capacity at the time. I don't know if the pandemic was good or bad for them. You know, man, go through. You're going to hear.

Did somebody say recent economies of scale? That's a good one. That's a good one. That's a good one. You're going to hear it. Oh, they're exporting more. And then somebody's going to discover. That's actually true. That's a good one. Yeah, yeah, yeah. You're going to hear it. Come on. Oh, they're exporting more and then somebody's going to

go for that. Wait, they're in a GK. It's going to be a scale. They can just export a GK and save there too. And it's going to run. But the thing, wait, name again.

The SEZ status. I don't think that. Yeah. I think that if the spin-off will go main market then because Canco is a Canco's SCZ status Word Yeah, it's on the list

You see it becomes more and more interesting pull them together but Canco's SC this is on the location but thing is very close to it exotic is very close so i wonder if they want to extend extend that thing there exotic does more than than than can at is right yep they do but they are as you said before they have capacity so you can that too through all

the capacity into the tax into the tax through all of exotics as much as they can of exotic stacks um through as much as you can of exact ever fix flow into canko so let's take the we need excess capacity sure but say my excess capacity is 20%, I would move over as much as I can there because I'm saving more there as long as I'm saving more there through the thing there and the tax break on that path.

Both of them are mine. But both of them... You know, how they speak about... It is interesting to me how they spoke about making almost like last f like almost like last m and last d so making it for us and we buy it from them that the sort that sort of thing i think is uh oh you mean you mean spiritually i think yes man yes man yeah which then that i think yes man yes man yeah yeah with the scz

thing right but then you have to actually you're going to have to main market them then like you said but just main market so you go back to spices we don't really go back to spices you have to have a clear line between the two but then you put your hockey things on the main market and and then there's no there's no shortage of raising that you can do that side and i mean i can go down the road with this as you know because the gk the gk factor is still there is where you can white label right so that's behind this is man is magic this remember well that would have things why you why you would why you would want to look at massive distribution well because you know if you're scaling up your factory you need to have throughput for the factory to justify scale right and gk being the massive thing that it is

it would justify them doing that also, which would also justify them taking a greater stake in. I did not plan to say all of this. I did not plan to say all of this in this way. I thought Kanko was an interesting thing. So the annoying thing is, I don't own any Spirit Tree. That's what the annoying thing is.

That was actually about it then. That was the they're not. That was actually about it. That was the thing I think that I was talking about hearing about my stock this week. I don't have any because I know people are excited. And I know more people are going to be even more excited.

And I'm also going to have to face the things like, oh, I'm talking to people and hype it up. And a few things are as annoying. No, you can't fix dunce, but it also hurt if you, if you really never do it.

Like it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it,

it, it, it, it, it, it, it, it, it, it, it, it, it, somebody like you're in. Sometimes we talk about things that we're in. I assume that we own everything we talk about. But it's even worse if you're not in it. And I'm not in it. Maybe I'll change that Monday, but also maybe not. Yeah, also maybe not.

Yep. I'm not going to give more there's a lot more I can give in terms of the actual depth but I'll talk about what I thought about on this show so that's fine there's also interesting things going on there I do like that, it's funny we've had a lot of

anybody care about the Senna's future request maybe you will have a different view on it that will be about my story i'm thinking of spiritual i don't think we've had much spiritual conversation between us on the side of certain things but i we've had it in sit in the same spaces i know we both agree thing and in my, I was looking at the last result and I was saying I was saying the same thing. I'm sure people are questioning it now. That's generally how it works. The results come out and then

boy, it's spiritually no good again. Why would it not be good because it's the same kind is it easy it's a flat results last time so you know how that go ah yes yes yes they weren't flying how they should they're not as exciting with profit but now they have the acquisition. Okay. Okay.

It's always an interesting thing. How short-term thinking people are. It's the thing goes in front of them, and then everything is ruined. Yeah. I was joking about that. But we're the short-term guys. Yeah. I was joking about the reason the buys in the group also this week because the spiritual thing came out as talking to some people

while they were talking about it and they're saying like you know it's like the most i said the most exciting thing to happen on the market in a while and i go you were extremely excited about Eddie Focal literally yesterday. Literally the day before. Eddie Focal is another one that I think for the fourth quarter is... Good things are going, man. Good things are going. Not the fourth quarter.

Oh, no. Listen to that interview. That briefing. But there could be blessings behind it. I don't... If they're're not if they're not as exciting as um the crowd might want them to be you if they're not as as exciting as the crowd might want them to be um you could you could get the the blessing of even picking them up for cheap a lot of people have been doing that i've noticed these trades these larger trades the something dollar level is it i saw the ceo on instagram talking about buying heavily and he i saw him showing a buy

heavily and he I saw him showing a buy orders are coming in interesting my accused has changed actually I know a trader oh that's interesting well you said a bike you already sell you bye i don't know if it's saying it's showing the same qsr no it's not so some others pull that's interesting or them trade nope they did not them trade ah never mind why it always funny recently but ah in the next way it's the exact same way you mentioned

the person saying how great this thing is in a while and then the thing they were excited about the thing just the other day I suspect a lot of that has happened recently more tangibly for supporting any folk focal than just a talk and that's interesting but i think a lot of the talk has not necessarily been around eddie focal

well you don't let the same yeah and yo you can think that you've developed a great method around talk like in my view you notice everything geo has thought about has been a hot stock yeah um my view you notice everything geo has thought about has been a hot stuff yeah um yeah but not but not what that is that's also another red flag of not having a um not having a method that you can that that works outside although that's not necessarily bad it could be a a white name it's a noise method it could be a high a high how to trade we do it every night we look for that every now and then yeah yeah i depend on it a lot of times that i do that for me the poor a lot of poison predicting it um i hope i got quiet i said i don't have enough and i i don't i still don't have enough i plan to buy more things that i care about um not takes not that i expect to pay it to pay off in the fourth

quarter it may or may not but i expect to be back more in the fourth quarter let's put it from where it is now, 268. 268, I mean, you can get a 30% off of all sorts of things on the market. Yeah, 30% is a difficult thing to make if you don't know how to make it deliberately, but it becomes a little easier if you have a method let me let me say it that way but lots of things move more than 30 percent within a quarter oftentimes oftentimes in between both directions within the quarter sometimes they end flat uh yeah yeah wow sorry is that the things i'm earlier still me and I'm I'm I am I'm shocked

no trust me it was I I don't know you'll see my face on YouTube and I was it might get you man wow wow yeah wow uh anybody have any other stock, any other company, any other play, any other method, any other thing you want to talk about? Yeah, it is after 12. It might get wild now or we might get early on. I am fine with either one. So if you have any questions around this or anything else, send a speaking request on Twitter. Hit the speaking request and we will approve

and talk about your company or your play or whatever it is or what what you find most interesting or you have found interesting another interesting thing has been that massey um not massey separate thing than i just as brian yeah yes brian i tweeted about how funny it was that um how funny it was that there was a question asked during the Q&A, one of the questions was do you think it's a separate thing that they pay for raise money to pay for the thing via rights issue.

They explained why rights issue, not really. That's why we don't need to do an APO. Yeah. And that is funny. The thing about it is, APO is a conversation for us. Meaning, we talk about it often.

Because we're talking about the stock market and XYZ. You think it's on the front of the chairman's mind because he missed the rooftop i don't think i don't think the chairman give a damn oh so why would he be on his mind i think the chairman god damn i think maybe he thinks about the initial. You know, it might be mentioned. The broker probably mentioned it. Like, you know, there seems to be some retail pushback against AP.

I think those guys give a damn about that. As I say, I don't... I don't... Like, I wouldn't be surprised if I see APO. I mean, bro, from... From last year, we've been saying, Sepra, who do they want from last year? I know how casual we are throwing it out.

That's what. The answer was almost like... No, go ahead. Go ahead, Danae. If they change course and come with something that can make money, then sure. Danae, it's a... Boy, I hope Danae doesn't say do not buy. Whoo.

I mean... You might hear him say it. You might hear him say i i i don't i don't know i'm very interested in how they structure not because i'm interested in buying it i know i know exactly yes agreed i want to know the structure because those guys are really good yeah the interesting part for me is because that's what's popular no it wasn't that the term never really exists back then Yeah, but the interesting part for me is they'll call it an APO this time. Because that's what's popular. No, the term never really existed back then. Or not only that.

Because in real life, I mean, the effect of the APO, the method, the actual public offer for unissued shares from a company, the shares we got last time. It's APO, because it's APO in essence and everything, right? But how they did it was, we don't call it that thing, because it's not a thing yet. But we also issue the shares to one party for pay for something, and then we give you guys this nice discount. Will the party...

Wait a minute. Will the party sell the shares? Or mean each of the shares when you said in the thing there in the offer was it the only separate shareholders maybe we're thinking of two different things what do you think of the when they bought face the thing there for a mixture of cash and shares. And then when they got, when the excess shares that they were selling, the shares that we never need,

we sell it out now to you guys. Was it for only separate shareholders or was it for Tinkner? Or was it for the general market? I think it was a sale of shares to the market. Sure. I think it was a sale of shares to separate shareholders. I think it was not a part year for us I'm not

something or anything them them them that's a nice okay yeah well but they did it it wasn't called that then but from my memory the effects i know man he agreed it's in it what what why i call it nothing why i say it's an ap i agree that we understand we have this conversation already he has an apo but the apo what we know as apo is the youtube share offer we actually get new shares we get get some new shares we're going to sell them to raise the money instead of we use the shares to pay for the thing that we sell you the egg we sell you someone tell you and you pay for them and we get the money back well for me i why i consider it to be any large amount of issues issued to the issue to the public yes to encourage new shareholders at a lower average price than the general previous shareholding yeah man i agree so i'm asking if that's outside of that

and we're brought at that point yet the public i thought i don't know if it's separate thing that i'm checking but why what if say i say i'm assuming it was the public Whatever, I'll check soon Then why I say So it's that It's that thing you just said But how APOs are done It's, hey guys, prospectos We have some new shares Offer to the public

Versus, we buy the thing first Show you guys a nice profit from it And then Sell you some of the shares that we were used to think that we're used to pay for it but in them doing it that way very different psychology in it than yo have some some some cheap shares and then anybody want well they kind of did that way but

that way but it was also but also was it thing that you have it on nmj yeah actually looking at it on screen right now so oh how they did it how they did it was a bit different and 91 million so the public could get in there was There's the vast majority of it. I think 55 million was reserved. Reserve for who? Management, other stakeholders, yada, yada.

Um, yeah, 55 million was reserved for employees. Yeah. Existing shareholders. So they had a, uh, or call it with rights issue right features right to say if you're right

oh god people that's funny because there's no such thing all right be clear anybody tell you that there's no such thing there's a right issue and then there's a dilutive secondary offer if they're not right to show it's a dilutive secondary offer yeah I think the same thing along we are I really want to keep it I don't know what's that I rest you can't wait in the past I've never had a definitive answer on that. Cygnus did it, but Cygnus isn't a Jamaican company. It wasn't a rights issue. No, Cygnus wasn't a rights issue. Whatever it is, just the concept of a record.

That's different. To me, that's different. It's just like me having a thing there. I appeal for a company. And I say, because there's no more preemptive rights lines. For an IPO, just for any issue. Whoa, which one? IPO.

We don't cancel preemptive rights. So in this pool of shares that we're going to push to the public, shareholders as of this date get a discount that's all it is to me i don't it it wouldn't carry the same weight as oh yeah that's not all right that's just i just picked that data it has to be in the future because i have to know from before where i can exercise my right. Correct. You had the right back then. Correct. But in Cygnus' case, was that... Did they waive preemptive rights?

Good question. I have to check. And remember Cygnus is also not a Jamaican company. That's exactly it. When you said that thing, I said that's why I have to check. Cygnus is also not a Jamaican company. That's exactly. When you said that thing, I said that's why I pushed it. Cygnus had agreements, it has agreements to allow their board to do all sorts of things with the shares for the company. Because Cygnus, as we know, it is the wallet of the group, right?

So they treat the wallet how they treat it. Reels, reels, reels. Yeah, I mean. More money in the wallet, no problem. Yeah, do it, do it, do it. Why how they treat it. Reels, reels, reels. Yeah, I mean... More money to it, no problem. Yeah, do it, do it, do it. Why not? Do it. Why not?

Have you seen Twitter, bro? Those guys were calling until they said them wrong. That's funny. Signal to one company right here until they said them wrong. Yeah. Because, you know, pre-that's what you know know people are arguing on the line of yo on the line of parry puzzle like okay what i say here matters as a shareholder this company

when signals by his very nature is no it's what me say and i think that it's for the good of the company that's interesting the argument never actually matter because as you can see and the argument is happening after the thing that went wrong to cause it but even if they caught it before it wouldn't matter so signals we have the next ap a couple years you know next year are they able after and then but they'll be excited that'll be exciting february march next year they'll get exciting again raise right into it yeah right right right right today i don't think they'll raise into it not into it i think they raise on the back of the nice thing i think they might do another private thing because the piece of land that they use with signos real estate um part of it around the bernard lodge side was from long time very obviously meant to do that idea it was it was

not called food security but there was but it wasn't that was in the selling point of it back then but that's a major point no and they had that that space where that could go light industrial food plan with the whole mega mart thing and um and and you know the whole mother farm method blah blah i don't know if that's still up or still happening but they have the land there and that city is going near there one way or another so like anything to nothing that real estate is just naturally going to be worth a crap load more in a couple of years. And there's ways to push that back through the Cygnus group, make it seem exciting again. They listed SRF. They listed SRF this year.

Cygnus et al. that I'm sure. Do it, you. Do it. I respect them. I, yeah, I respect them I Yeah It's always the same thing That's funny How people

The interesting part about how When we talk about things People often go to personal lines It really isn't that So you think we don't rate the Cygnus guys Based on how we talk about Cygnus People tell us that you've gotten it but you don't like signals randy yeah because nobody bothers to ask actual question they they're going with what what you say how it's sound how it feel it feel like do not yeah well you know that's like that's something you never say we would never

we never come on a show and say yo this is not advice do not but what it is not advice but here's some advice no no no no boy all right i must meet early fun guys if ever the case it does not please point out yeah but people hear what they want though so that's why they hear it that's why they hear like it's an apo it means you're not buying no i mean it mean they might do an apo and i still think some companies are planning to do an apo i think separate is going to do one i think um i think separate is going to do one and i see one and I think, um, yeah,

I think we're single is probably very, very obvious to going to do an APO. And, um, I, again, I hope I'm wrong for both. And I, and of course I think foster rich has made it very, very clear and has gotten permission to do an APO and a rights issue, and I think they're doing their rights issue first and then they'll do their APO after that and I'm wrong in all those cases and but wherever I see the profit I don't think I'm wrong. And the truth is, with what they're doing now, there's a good amount of profit in front with the right issue and all that. I would not bring that down. But the idea is

it'll be very clear when the APO is on the table because some things have to happen. So. Yeah. If you're running from the APO. I don't know what to say because then it sounds like I'm talking.

I know what I'm saying. I know what at the end of the day it's going to sound like. Oh, what did I say? But principle, if you see profit in front of you and you see some point on the line where, boy, it might not be so profitable,

then why would you not see the profit in front of you? I don't know. Because, boy, in one year, I can make 100%. But after that, the year after that, it's going to fall. I'm going to ignore that 100% because the fall is going to come

afterwards. That doesn't make no sense. Oh, gosh. come afterwards that no minute oh gosh well it's it's thing that you we've never actually spoken profits of fast reach to any depth on Brickta meaning whenever going to anything I want to play or money or if you're buying if you're buying to that sense but into that the blue emerald it's as a good thing right a few times a few times going back years at this point more than probably yeah more than fun wow the thing is i know if him hear that then somebody else hear that that's the thing i'm thinking about

If him hear that, then somebody else hear that. That's the thing I'm thinking about. Yeah. Rough. Anybody have any other interesting thing on the market? Or for the quarter? I'll try to go one for one. So if anybody come on and talk about one,

I'll go with another one that I see. Or maybe strengthen yours or both. But that's it. The price is one for one. So you give one and i'll give one that i'm seeing or what i was looking at or what i'm in maybe i'll talk i can talk about that um send a speaking request i will approve it somebody had sent a speaking request before and i had by the time i saw it it was gone but if you want you can send back your speaking request or not. What's one

thing that you... I feel like I'm forgetting something else that happened. There's Ace Bride. Ace Bride. Eddie Focal with the raise. Dollar with the very obvious taking 1.5, so they've upsized.

What else is there? So, most of all, you're right. There's something, like, I know I told myself to write it down, but apparently I didn't. Should we do the next? Actually, I have something to pick up. Wow. I have nothing to write it down, but apparently I didn't. Should Linux actually have something to pick up? Wow. I have nothing to pick up. I don't know. It is.

I don't know. It is. I'm getting old. But there are a couple of things. Well, on the same writing point, I mean mean they've been very clear that they intend to IPO it before the end of the year so I don't know what I want to say next

but yes they want to list it by end of the year is that what they said? what was the exact line? they said? What was the exact line? They said I don't want to answer the next because you said Yeah, well that's why I'm asking what is the exact line that was said about

them listing it. About it being listed. I'm going for it. That's funny. You can react when I'm just saying the group. That's funny.

Oh, wait. That's what he said said Okay, he's saying that Or is he surprised by it? Jermaine Cabral Is exiting Haiti That's not this week, was it? Was it this week? I think the news came out I can't call it news

Because we We said before how much time I can't call it news. Because we said before how much time, so I don't know if I think... I don't know if I... If it's the first time it's said here, or if... Okay. We're excited to announce that we're taking the Brydon's Group public. We believe in creating a culture of ownership for the organization. Publicly listing our shares will allow any member of staff to become an owner of the business to benefit from the value we create

together. And that's from a memorandum sent to Bryden's group staff. All staff members will be offered opportunity to purchase shares in the Bryden's group before the shares are publicly listed, facilitated through salary advances to staff members. Initially listed on the JSC before the end of the year. Listing on the TTSC will be followed at a later date. It is. The thing I don't want to say, I find it interesting if you don't say it. I won't say it.

All right, say what it is. That's fine. I suspect so. It was always expected that ASB would be listed as it is a part of a separate group. Lots of companies in a separate group that aren't listed. It's funny, right? Richard Pando is a master of being careful in what he says. So I went to what exactly did he say? We believe that employees and investors will be excited by the opportunity to

own and excite this entire exciting entity. I'm not saying it. I've given enough even in the last year, I've given enough readings in the last 10-15 minutes. The thing you just read

is really what I would say is weird is where you talk 15 minutes. The thing you just read is really... What I would say is weird is when you talk about employee, whatever, whatever, that's literally a plan I've already outlined for another company. And the end game that you decided on

was what happened. I'm looking at it here and I'm like, here's something random must get up and say hey same game very interesting game and these guys

are sharp as I've said I look forward to what will happen at the um they have it on both sides Ace Brighton

is a separate APO what do you think they're going to mix together I don't think they haven't said the APO What do you think they'll mix together? I don't think they haven't said the APO yet Have they? They haven't but we expect it So what do you think they'll mix together if they did? You think they'll mix it? I don't think they'll mix it

At all? Nothing across the board? Of course they're related I think they'll mix it I think they're the one before the other I think A.S. Bryden is here I don't mean mix You don't me like one event

what on the back end is the benefit i don't want to say that publicly yeah people i expected i tried to give you a bad radio like what the nice dude i thought enticing something i not say which is i am not enticing something i hate i hate people do it. So, sorry people. I wouldn't do that to people, but what I will say is that... I don't do it on purpose. Yeah, the Ace Brydon move is a very interesting one. I respect the fact that Sephora is doing it. I really like that a lot of companies

took advantage of the pandemic to broaden their reach and really make a heavy move. They're bringing a lot of the pandemic to broaden their reach and really and really make a heavy move they're bringing a lot of things back to the market they've seen the value of the market that's a strong thing coming out over and over and what people actually use in the market i mean these guys have been doing the market using them but it's not they're not only guys people doing things

that hmm not necessarily like that but yes like that because I didn't hear that from you Here's my thing You think the Kanko people Feel bad about not going to the market on their own? I wonder about that In fact, that article they put up You know what's on this list 2019

You know what's on the IPHTU No, because you're saying You're looking for the 40% and you jump back to the... No, man, I think it would jump... Well, find one and share it and I'll say it. In case anybody can't keep it, you're looking back to the Spur Tree point

and the Ace... Not Ace Brydon, sorry. Spur Tree and... Ace Not Ace Brydon, sorry Spur Tree and Canco Point Like I just wonder for These businesses Small and medium sized businesses I don't understand why they're not listing

Like the market is there It is a lifeline, it's a protection But I know, having dealt with A lot of it one on one oh I thought I'd be good because I can't said I can't I was going to say it's gonna sound but I said one-on-one having dealt directly with a lot of it not to do it one-on-one having dealt directly with a lot of it I haven't spoken to a lot of small business owners a lot of them don't understand the

market and they're scared yeah and and almost every single time a company goes to a broker thinking about listing in my view 9.5 times out of 10 the broker is going to offer that customer a loan instead yeah man or a loan yeah why go to the market to get 200 million, will they need 200 million and then you don't have to tell nobody your business you don't have to be people up in your business and that carries a whole heap of weight

small business people you know I think you're ready for we're not going to say the bad thing you said 3 years ago we're not going to talk about people in the business we're going to say you're ready for listing strong I don't think so I don't think so I I don't think so. I don't think so.

I think they'll just want to keep them on the debt. Even spot by Mayberry. Even spot by Mayberry. That's not a thing that's pushed heavily elsewhere. Yeah, so it's actually Mayberry. So my thought about it was, I know the thing that Mayberry, but then I think about it in other places.

Nobody else does that. The first part is very the other places I know maybe we'll do this thing for you that makes sense nobody else does it the VM kind of trying now as a GK making moves who else 15 brokers who else 15 15 1 5 was very tough last I feel what's a good question Jesus yeah what is going on yeah very tight was exciting things in a button with already listed off around the same deadline around the APO ish lines you know but not 15 brokers and you hear who listing who carrying companies to the market actively GK Mayberry as usual no VM kind of trying Viem walking in again, nice I mean, it's funny Viem has a lot of players But now they're walking in

Every now and then And NCB are on the same timeline Yeah Yeah, but I'm not saying that I'm definitely putting them at the same We're not doing the same thing Because it doesn't feel like that

Sajiko more co-broker that's like anything right they're more poor broken and actually yeah yeah but it's 15 brokers how many of them will sit down with an entrepreneur or a or a small face to face and say yeah now where you are, we support you. Let's list this. Let's list it now. You're ready. List now. Maybe many of them aren't ready. I know enough to know that a lot of them are a lot readier than they think. But then can you blame if my job is to give loans?

Can I blame? This guy don't know that. That's a sale. He still knows. And I'm going to have to list through me too. Can I make him sign this thing, one of the classmen there will say, I'm a Philistro-meto.

So what I'm getting here is a $300 million loan. And they earn so much way from the loan. Exactly. And I'm having to link to somebody's KPIs for the year. Might. I was going to tell you the whole thing. I structure the bond. That's money.

I sell it to my clients that's my money as well plus fees and fees i'm gonna put some the phone we're going to it too three other phones we're going to it so that's so nice and that's gonna be on my thing there and it's going to be a one-time sale bro yeah this company yeah this company is no no you see you keep going ipo you're right ipo at the end is a one-time sale but you keep for it i'm saying i'm never going to give you an ipo i'm interested not giving an ipo let me keep you as a debt ridden um customer yeah let me just keep lending you that money you finish this or things don't work out i'll refinance it for you don't worry often find the ipo coming at a point where we do the

whole dead thing we get the ipo thing but we tie already so more things coming out for this anyway so the ipo i said everything in the cell and you get the ipo but my daughter said there's something else tomorrow still so see you again very few people doing it 15 brokers hundreds of companies or Jamie me Jamie no no it's anything that Jamie my view of Jimmy when I do start invest was all the money's people man and I just stopped when he was the last in the list g-west and it went to our hands on it no much and another you gone forward I think yeah such a core might list Alliance no yeah the code is a put on the thing that x1 did well they got rid of x1 got rid of x1

yeah that's that's an that's an interesting thing on the market that I still need I need to dig deeper into understanding yeah let me tell you something ignorance is bliss has many meanings is what I learned to do is to not always react sometimes what you say I never hear you say that again I don't want you to say it I don't want you to say it again I heard you clearly the first time you just moved neatly into the thing I don't need to say it again I heard you clearly the first time You just moved neatly into the thing I mean It's an entrance into

A segment of the market that they weren't touching Directly Sort of Sort of Yeah, the Cambio thing yeah, the cambio thing. Um, but I just kind of, I wonder about that 15 brokers with a couple of them being linked to commercial banks,

all these business relationships. And I can't understand why it wouldn't occur to them to, yo, just take some time, take a year and cultivate 20 of your big customers and bring them to the market. You can still get debt from them. In fact, the debt is even more secure. Convert some of the debt.

They make the food company a convert debt fund. They make GK. They make the bully beef company. I believe it. You should be ashamed of yourself. It's a bully beef in a bank. Oh my God, man. believe company you should be ashamed of yourself oh my god man I mean just this opportunity that's out there the true opportunity I think about it and I think

when because I've heard some other conversations behind the scenes and and and so that you heard like from business owners what they're said I would have shown and the most common thing is that they're going to push them to death. They're going to tell them they're not really ready. And to be fair, some businesses are just not ready. But there are a strong set of businesses out there that are more than ready, already doing listed company work. So it's not like them books are in order.

Them books are in order. Them are run quarterly books. Them get audited every year but then think that oh i'd have to be in front of people i wonder like if nobody ever said a conversation to me like what would it take to put you in front of people like how much money would it yes it's a bother how much money would you take to go through that bother because the bother is the level of work you're doing now. And I often wonder, because I want people to realize like,

like you're a small business. You're probably a billionaire already. No, you're probably a billionaire. Yes. Exactly what it was. No. But on the stock market, you would be a billionaire.

Or as a billionaire friend of mine likes to say a billionaire on paper and i just have to remind them that that's where that's right that's that's where the billionaires know what no billionaires looking in their bank account i've seen a bill at us that's not how it works but um in fact they wake up he's inclined and costing somebody In fact, they wake up and see him crying and cussing somebody. Yeah, it's a mistake if you see it there, right? Yeah, you don't have to end it up. But

I wonder about that. I wonder why more brokers, 15 brokers, can list companies in Jamaica and they're not doing it. And there's this pretense of the to list, you have to be at this standard, you have to be so much profit, you have to be this big thing. No.

You just have to meet the this standard you have to be so much profit you have to be this big thing no you just have to meet the market requirement yes just meet the market requirements um you think you think about how they talk about penny stocks who and when not the the industry guys locally how they speak about penny stocks yes when because sometimes they speak about it well and then sometimes they speak about it they'll throw it away but I don't think they understand what they're talking about isn't that always the case

where them right are not meeting them left they seem to disagree with themselves that's why when you know you understand what you're talking about but It's not always the case where them right are not meeting them left. They seem to disagree with themselves. That's why when you know you understand what you're talking about. But the idea is, how I always see it, if you list it, there will be a penny stock. And then they talk about it, or there'll be a version of a penny stock. As if things can't come to market and just not be good enough for what it's a weird idea that if it lists it must be the i don't want to say if it lists it can't fail because that in truth yes people that willing

to bet and believe will do it and if you say bet, people that willing to invest in this company and they expect that it will pay off and them know, say, yo, if this thing becomes good, that's a big payoff compared to this thing that's already pre-manned proper. I don't know why the idea is it's like they're protecting people

from the thing they say is normal. But, you know, people shouldn't be able to invest in this level of risk. What? The people should decide that, right? I don't know. It's a lot of conflicting

ideas. They talk about the penny stock market like, boy, that's a terrible place where everything goes to die. Why? I don't worry about that anymore. But I do think about... It's funny. They come to my conversation.

The market can double in size. Way more than you think it would. It doesn't happen really. Think about that, Danai. Sorry, think about that. Going back to the same point. The market can double in size next year, meaning listings. I can think through 100 companies in Jamaica,

not just in Jamaica, in the region, that can and in my view should list. I believe everything should list. Literally a hundred can double within one year. I have no idea why more 15 guys can't work at it? 15!

15 independent! Everyone takes six. 15 independent everyone takes six yeah yo 15 independent you know independent competitive and it has only occurred to three or four that yo that's money that's sitting there you're leaving money on the table yeah but i know it's that because you're going to investment banking first but they're all investment bankers no only hashtags oh boy yeah it's weird to me it's weird to me that there aren't more listings. And they don't have to be huge listings, smaller listings. Bring people to the market and build them up.

More industries. There are so many industries that don't touch the market yet. Like literal full industries that just don't touch the market. Oh, well. I'd say send a speaking request, but I think people in our listing... Tony, there's so much on the back, and it's always the same thing. Don't bring shots into the market

because the market is not mature. Well, let's not list these guys that made the market more quote-unquote mature. At least. that is interesting it's weird it's weird but I think it's happening naturally because it's being spread just through competition VM get has gotten a hard hit and see know that it kind of turn them up so next year they might have about one two three listings maybe um gk content to eat from the spin-offs uh and the m&a activity that they have coming i think it makes sense for gkfg to set themselves up to be able to eat our

food at the different levels of food plus food itself for worse when they go into this, that and then they'll list the full part separately. And it and later on, too, I think it's very clear that because of how some of them are acting, the fact that it's not just Mayberry doing it anymore, how some of them are acting is going to cause others to have to act in the same way. Right. acting is going to cause others to have to act in the same way, right? So GK doing what it's doing, VM doing what it's doing, Mayberry Mayberry

How many Mayberry did this year? Just one? So far? Any focus? Put them co-brokers or something like that. Yeah, why not call them co-brokers? Sajikor does a lot of co-brokering and it's not the same um just saying the same yeah and then a lot of other listed companies have opportunities within them that they're

not necessarily spinning off and i don't understand why. I know maybe it's lack of inventiveness, but there's so much there. It's like, it's either you have an extreme lack of inventiveness or then you have like an over-inventiveness. Yeah. I think it's more like the form. I think inventiveness.

Why? Because what brings you there? Inventory, you want to drive there first, right? You're not going to do it for the sake. You have to understand that there's a reason to do that thing. Yeah.

Yeah. It's funny. It don't know. It's funny. It's really funny. Think about you have only ever had that conversation with you. I've only heard that conversation from you. What it would, what,

what business looks like without the stock market. Or the pot and dust. An equity market. It does not make sense. Yeah, it did. And they don't not win. They are banks. That's crazy, bro.

Yeah. Let's look on the thing there. Oh, I can. Oh, boy, you know what? Expand regionally. Because you're turning that nice with the Thai people thing. We just can't afford it.

Well, there's all this money over here. And there's so much repeat examples of that. Yeah. One would think. No, maybe not. It's happening little by little. Industry is getting broken into.

You just need one inventive person in one space to make it really inventive and then broaden. And it forces more and more of the competition to act the same way, right? Although, funny enough, I don way right although funny enough you might pop in again oh i don't know what's causing it as saying i don't know what has caused what i'm surprised i've not seen more competitors listing like three of us five of us in this industry on one list and it immediately forced the other three of us five of us in this industry are one list and it immediately forced our totally soon I don't know if the people that because one if Madonna know the IPO thing or this listing thing and that guy is what we think you'd have to be at the know that maybe don't kill your because maybe a banker approach you and give you a stronger loan maybe the loan that you just said no to

when the competition get the IPO you accepted the $200 million loan but now the IPO like them people in my business but then they take a loan and support the IPO money and they get you but you still have a niche you you're getting beat up, and eventually you end up finding yourself selling out to exotic like CanCo.

Not saying that that's what happened, I don't know what exactly happened. I did see the owner quoted as saying that they were looking to sell for a long time and they wanted to sell the whole thing. That was interesting. That's it. Yeah. If you want an article, I don't read it. It was very early in the article too.

You said that we were looking to sell. I don't know what to say about articles open on my screen to be read yeah that's interesting that even makes it even better now that's that's interesting yeah i'm trying to remember the thread that went me made me say this thing looks like you either want the ipo or wanted to ipo but there's something and then you said something earlier about company doing all the ipo work the listed company where it was not listed and i know

this week i saw someone talk of it and i was caring about what the hell it is maybe it was the um if cancro is s is the complaint then they've done listed company work then they must right Z compliant, then they've done listed company work. Then they must, right? I've done one of those before. And then themselves, themselves XYZ. So the rest.

And then one of 20 companies in the space, right? I thought that one of 20 companies in the space. And if one of 20 companies in the space, so one is them, one is exactly and one is obviously GK. We'll have 17 left.

I don't think it's 20 massive ones. I think maybe the massive one is GK. JBDC, where are you talking about? In Aki's space, export space. Oh, okay. There're only 20. somebody else i know but you said you said you're breaking up and i'm hardly hearing oh i'm sorry and you said jbdc said they have 20. so somebody in the comments at jbdc said they have 20 companies to list on the junior market and he said so you said 20 and i said oh yeah i'm reading

nothing there and then you said gk oh sorry no no no i was talking about i was talking about um i know i think i know in the hockey space there are around 20 odd companies and gk is one 20 companies gk is one and the gk is three right gk is three or how long before they're they're two hundred two of the biggest and the biggest factory the biggest factory just got bought. Mm-hmm. For a song. Well, I don't know what you got bought for, but if you're in business, you should consider being listed on the stock market.

Mm-hmm. But choose. List on it alone. You know what I mean? If you're in business, you should consider being listed on the stock market. My truth. List and then take the loan. You might not even have to pay it yourself. Which was one of the big hints I also saw on the market this week before it was overshadowed. Why not? No, I'll touch that. It's all right. I'll leave it there. on the market this week before it was overshadowed. What? I know.

I'll leave it there. I saw somebody say, what do you think about Ace Brighton? Come on. Ask us that. We'll talk about the Ace Brighton thing again if you want. Yeah.

Come on. Is that bad? I'm sorry. All right. Yeah. yeah come on it's breaking a weekly number is that bad I'm sorry all right yeah Thank you. Okay. Thank you. All right, last time. I think I've started it now. Are you hearing me now, Danai? Go ahead, Unclear.

I don't know if people on YouTube are hearing me. People on YouTube, are you hearing me me I have to wait 30 seconds for them to say whether or not they're hearing All right. I start seeing problems like this. I start getting worried. What? I hear that I'm frozen on YouTube.

I don't know. I was wondering if the people could hear me. Could you guys hear me on YouTube just now before I started speaking? I guess YouTube is good now. So they can't hear me. I'm sorry about that. If you could hear me. I don't know if anybody's sending any speaker requests.

I was saving one for if anybody sends a last one. The last one I don't want to talk about. But I also have no issues saving it until the end of until next week or another week I should point out that I should share in the meantime the I should share in the meantime the advanced not advanced grow although advanced grow is also something i should share but just the grow calendar for this month um yeah i'll just read the dates although they were tweeted out and if you wanted to go to grow before you see chance to do it in october uh we have a chill session with the subscribers it's like a session like this but us for the the grow subscribers that's on the 22nd

um the beginner investor workshop will be on the 29th and the split grow is going to be the evenings of the 25th and the 26th and of course the advanced grow we're going back over move up if you've done grow you know what that means um you understand more about it I'm going back over. Move up if you've done grow, you know what that means. You understand more about it, I'm going deeper into move up. I call it move up revisited October 31st, Halloween. Anybody who does these the first time you want to deny, you get a discount. So that's a great thing. If you want to deny as a subscriber, you get an even bigger discount.

And I will also point out that you also get discounts to mymoneyja.com, which is the website you see us using here. And the one that has a wonderful app that some of you have been testing and everybody will get a chance to test very, very soon and have some more exciting, very exciting. I'm excited. If you're someone tired, it's and have some more exciting, very exciting. I'm excited. If you're someone tired, it's because I've had a very exciting week.

Exciting week, but very busy, busy week. And I'm excited about some of the things that you guys will see soon. This is the last chance, like I said, to send a speaker request. It's kind of late. Otherwise, I'll call time soon. Do I have anything that you liked are you looking

forward to for the fourth quarter it's always easy asking you for a quarter but like of things one thing there's one one thing that you're willing to talk about one thing we talk about i haven't said yet oh that's okay i usually say the things I want to say Oh, don't pressure yourself Don't feel pressured to And then hold the ones I don't Don't feel pressured to do it then Not checking I said to somebody the other day too um that oh I know people a lot of people are scared I don't

want to send a speaking request but then they like they'll dm me or they're talking to me or something and I say you know it's funny because people that block your own blessings things are a real thing that a lot of people do, you know. I don't think people realize how good a conversation, how much you can learn, how much you can get if you actually send a speaking request and have a real conversation. I try always to help the actual people who are coming on. More than anything to me, it's much easier

to have a conversation. Yeah. I don't think people realize. Type in all this? No. It's not happening. Say something about Burj or say something about it.

Yeah. And also, this allows us to know where you're coming from, which is a major, major thing. As you've heard, maybe heard

or not heard tonight. Yeah. All right, well, I guess we'll have the last person for the night then. No, I'm not going to say it. That's fine. I'll leave it out. You can leave it out then. It's fine.

Safety first. The brick cutter himself. Sir Phil, what's up? Big up on himself. Big up, big up, big up. What's up? Catch the last lick. How's your week been on the market? It was very good.

It's very interesting that you mentioned the overshadowing. Because seeing the recent MS play out was very interesting. I mean, when Eddie Focal did their big announcement at the beginning of the week, there was an initial market reaction looking good. I mean, I'm, you know, full disclosure. I have a fair amount of eddy focal shares. Me too. In fact, I believe eddy focal is my largest holding.

Really? What are you counting by? You or value? Value. What do you say? Is it mine? If you feel it, if you feel it,

it was saying it's been approved. You see it. No. You're trying to trick me. No, I'm just testing. I know. I'm testing. I'm testing.

Is it my biggest problem? It's not, you know. See it? Bricks. Yeah, it's not. It's not, you know. Bricks. Yeah, it's not my biggest holding. Yeah. But thank the God, it is amongst my top holdings. Definitely. And I still love it.

I don't have enough either. I'm hoping for a nice default later on. So, yeah. I hope there's some fear to be introduced into the market so people sell me more for cheaper. I mean, I don't wait for cheaper to buy, but I don't play to buy more if cheaper presents.

You know, when I'm coming to them, they won't complain. Not at all. And not this, the recency bias is another real i realize there's some lessons that i take for granted that other people they're people who only learn by doing only learn by seeing and so like when they're coming to the market they only learn along the stage of what has happened while they were looking they don't look backwards them carry boat and I learned from it and can only go through what happened so the

first right issue that's alright issue work the first APO so if you work the first IPO that's how I feel work first dividend it is a vast amount of people and I'm saying that to say there are things that i know like just generally about a company a company in year three a company in year five that when you look back at year one yeah so i don't want enough either i mean it's it's funny because nobody does that some people do it because nobody does get up and say nothing just really how many people you know after you go back and check when you're one and you're right what what was this like when it was very very few people is that like a long time sometime you know like oh three years after

and you check back in sometimes it's last year sometimes it's just years after and you check back into the general sometimes it's last year sometimes it's just because fesco the might again yeah the festival conversation is not a one dollar but it's just a one dollar 80 80 cents conversation it's a four dollar it's a six dollar five dollar conversation it's a one dollar 80 cents what you mean you mean 80 cents conversation i say one dollar because we usually talk1 because people talk about Facebook being a $1 IPO. I'm not hearing about the IPO last year. I'm hearing about

$6. Yeah. You're going to buy it at $6. Multi-billion dollar. If it dropped to $4. People are excited if it dropped to $4. If it dropped to four. People excited if it dropped to four. If it dropped below four, people excited and buying it. And it must come back up.

It must come back up. And you can't sit out. Jesus. One of the people who bought it at 80 cents. Yeah, $4 is no longer a normal price for it $4 was a secure point last year remember

it hit $5 and got to $4 and people were wondering what's going on with Fisco I actually hate that phrase what's going on with what's happening with you know me nothing terrible is going on with... What's happening with him there? You know what I mean? Nothing terrible is going on.

What's going on with GK? GK is so hard with 80 something cents this week. I think I got an alert at 83 or 84 dollars. Not cents. 88 dollars.

Look at that. And you hear the what's going on with GK I'm not into the short term like you guys you know I'm more into the long term but I'm just looking at GK why is it down to this now what's happening with it

you should be the least worried happening with it you should be the least worried person right here we should be crying right I've learned I'm not into the short term thing

I'm more a long term investor but yeah that sentence means I don't want you to judge me badly for investing

I'm not really sure of this thing so please think that I'm more than I am but what the hell is going on with this thing because I'm not really sure of this thing. So please think that I'm more... Sophisticated. ...than I am. But... What the hell is going on with this thing?

Because I'm worried. It's funny. That's a hallmark of... You're not a very sophisticated investor. If short-term, long-term is the conversation you have, then you might need to take a step back, look in the mirror. Yeah.

GK being this low, no. For me me i'm looking at i'm thinking well i won't be surprised if i see some large volume moves soon also 94 we saw we saw um 10 million moving i'm surprised i see some more large volume moves and if you look into gk you know a couple of you have an idea what to expect they've been so secretive with what their their plans are that they put them out on company letterheaded things and publish it on the internet so it's it's um yeah don't say it, but yes. All right, good. That's the reality. I'm at a stage now when I'm thinking, oh, my God, all the old people and us growing up are right.

They were right about everything. You know what I think about all the time, no? I'm probably getting old. Dada, you got to tell me. I actually think maybe they were right. Maybe things got bad when they stopped teaching civics in school. I literally cuz I used to hate it I say it here so I looked up what the hell did they learn in civics in school and you look it up on his stuff I mean someone's of still taught as teaching social studies whatever but like a

proper or like if you can't see or like them old civics book or something, look at it. And if you see what it represents in terms of knowledge and how the knowledge is given and what it meant that this was taught, that you have to be as a kind of person. You understand a certain level of responsibility. I just read it so like the people in my used to call me is blue.

No, no, I think you're right because i i've thought a lot about thing there that's that's that specific point i was at them you've been right i mean i don't think this is the right forum for you yeah it's not I don't think this is the right forum for this. It's not. Check our generation. And I'm looking at it. Every day we see the fact that adulting is a meme.

Yeah. That everybody feeds into. The fact that... In general, I do not want adult responsibility. And I think it's weird to me. And I don't have to know it's not weird

because it is not but i think i think i think we're we we have it too easy to our level i don't know i'm not saying why somebody take that i really do but i mean we have it we have it as a different than our parents did my mother that was my mother called sugar so she had to come to town for social and school they mean mean, so university and whatever. So when she hit a certain age, it was, I'm out. So you have to grow up fast, bro. As much as that puts you back, it then forces you into a certain level of how I think about my life.

And you don't have anybody to relate to. Exactly. You jump into it and you have to do certain things and it i mean you have to learn good and bad in that yeah but end of the day sorry to cut you but it you had to learn by like sometimes learning by experience might mean that you die or somebody else would die so you can't always learn by experience you have to pick up think about the things we talk about. You have to learn.

As an adult, we were never taught how to fill out a bank form. That's what I'm really saying more about. How to take a loan. You teach this and you look at it and you're like they do. Not necessarily. They do. They call it maths.

But you want it written. You want it presented in a way that you want them to take the maths and then give you how this works for a market. You know, you do it already, but you want to tell them that. We never see it in the maths. To me, there's a way we ask people, like, ask people my age, whatever, for say certain things whatever it's very odd to me like it's a real thing like it's something like grandma gears

but here's the funny thing for me just seeing that i know that that thing is dangerous because there are people out there who want you to be like that because it works like I'm think like the person that wants to sell you a bad mortgage wants you to think that you don't know how a mortgage works exactly because then then I don't sell your mortgage on under terms of it being good I can't I have to I have to have a mortgage On being friendly with you On To understand it more I can sell you On

I make it easy for you Don't worry about it Just sign here And what if I told you How often I see that I know how often you see Because I know how often It's done

Because I see it done And I think And there's also Conversations around it Like Other day Insurance conversation we're looking at sideways like what yeah oh you said i know i know i'm going to sound crazy but i know it's going to bother me if i don't clear it up because i won't remember to say it again

i want to tie the civics point in why i keep saying the civics thing i don't care heavily about civics thing i do but civics the thinking behind saying it was often that you have to learn it to understand it yourself because the people who benefit from you not knowing it are people who have vested interest in you not knowing it and as politicians and you'd have to tell any you'd have to explain to any jamaican how dangerous it is for a politician or any process you know that you and so it made you understand that yo yo, you have to understand civics because those are the rules that we're all playing by. And these guys and girls benefit if you don't know it.

So if you get that concept from civics, I think it's natural that you're going to think, where else in my life is there a process that I need to know or the people who know the process might exploit me if them stop teaching in school then then remove the element of personal responsibility no the person selling me a mortgage should tell me the best things about mortgages yeah they're dead trust the expertise. And what that really means is, do what I say, sign here, here, and here. Right? So I think, my God, I might be getting old, but they might be right about the civics thing.

No, no, no, no. I got there after earlier. It was the conversation with my father talking about civics. And then I started realizing what he's saying. That's what I was thinking. it was the conversation with my father talking about civics. And then I started realizing what he's saying just lined up with what I was thinking. It really, that whole line, that common line, I hate hearing people say it, adulting, because I know what's

really behind it. It's just these are the responsibilities of being a human on your own. Exactly that. I'm not my parents anymore all right i'm not i'm not saying you shouldn't think that but if there isn't certain things behind that then you start getting certain minds and certain myths around how certain things work why you are getting

screwed and that's what that means yeah that that's the kind of mindset that leads to they don't know this so we can trick them with it yo, call it something else yo, tell them it's best for the long term that's the thing that trick people out of their money anyway, Sir Phil, we take up your time

we turn it into a Miss Gludon talk about civics nobody wants to hear that you came on to talk about something else. What was it? Yeah, yeah. I mean, what I decided to come on for was when you mentioned companies, companies with, you know,

subsidiaries or divisions that they could list. And, I mean, as well as time in the whole fourth quarter thing. And one of the interesting things I'm looking forward to for the fourth quarter. Summer. That's not what I was going to say.

Summer, summer in October. What's it going to say Summer Summer in October It's going to be now November Sometimes the rain comes on in June Yeah sometimes the spin-offs happen in October Wow Sorry Phil One of the companies you're thinking of But we're not hearing from nobody

That dead Phil How about that They say the T-gum cold again freezing oh boy that's not what you came up with it was something else no minute main event main event oh not yeah so me and event been doing a lot of little quiet things. That's one of the companies I never want to talk about. What do you mean, boss? Yeah, I figured that too. It took a long time.

The last time him do this, the last time come talk about things I never want to talk about. A beer problem. Oh my God. How is that doing, by the way? We shouldn't let you off the hook for that. How is that? I'm a colleague. I'm missing a thing. by the way we shouldn't let you off the hook for that you know oh how is that how long was that two three weeks

three weeks it was no sir why i sold no, no. I'm actually asking why. I'm not saying you should have. I went into something else. That was always my plan. I expected it to drop after. Well then you didn't. But then we've expected it to rise again. So that's not my real answer.

No, no. I expected it to rise again. But I don't expect it to rise to the extent. It did? Yeah, I think. It's right back up to 107? It went up to 108, 108, 109. Why are you saying it rises again?

I am anticipating that the interest will be maintained until the next date for the dividend, a big dividend. And... Oh, why? for the dividend. A big dividend. Who buying? Interest from who? Who is buying? Well, it's time. We're still not up to the limit of the

ESOP buying. I don't know if the ESOP is who is buying currently. But I think whoever it is interested in getting that dividend is buying. It could include the ESOP.

I don't think ESOP gets paid. Say again? ESOP gets paid anything. Say again? ESOP gets dividend? When they purchase... Oh. I don't know. That's actually a good question Why wouldn't they? I think they do

Because they don't retire the shares The shares still are out there Yeah But it could be It could be You could set it up in a way also for like... But it also does not do that. JBG's trust, the trust gets a dividend.

I know. Is that it? That was the immediate one, but then I think of it. But that might be set up differently. It makes sense to do it too. That's a shareholder trust versus the ESOP. That's actually a good question. I need to confirm that if the ESOP gets a

dividend. I feel like they do though. I feel like the ESOP does. But feeling the It helps. It would make sense to how ESOPs work. Yeah. And how you can make them work. they don't have to just be

they have lots of fun yeah they have lots of fun i mean i mean like the layout i mean the layout that they can they can take they have lots of farms they can take um but phil this is me pushing you into into talking about burrito again and that's not also not what you wanted to talk about you say you got out and went into something else by the way i mean i i want to be cut that was the 23rd of september it was 92.64 then um it and it's 107.62 cents now that's what 20 something percent 16 16 with a little dip in the middle from the time from the time that i spoke about it correct from from from the time how many people have asked you about it from then till now you're a genius no phil you're on the yeah yeah what what what are your name change though

change yeah man what what will you name change though sir sir bill sir dr bill dr bill dr bill ah and you're out of it already the man's actually in the short term thing you know man same old title jesus well i might find the interesting yeah doctor doctor dangerous dangerous dr bill uh you want to say what you're in 22 percent take a look at 22 percent why do you guys do this to me 22 percent in what two weeks two weeks yeah about it nice two weeks I bought it nice that's not good

if I if I if I if I'm 15 in three days then I'll really go on in the box and so

you went into something else which I'm guessing is the thing you're excited about what is that well actually I went into

that's what I was going to talk about I went into fast retreat most of that money in anticipation of the red picture. So most of that money went into fast switch. But some of it actually went into main event, which is,

then I shagged what I wanted to talk a little bit about. Nothing else. Talk, man. Talk little bit about um that's fine but um no yeah it's not about the main event i went looking at um you're actually brought to the point about people looking back at at what shares what companies were like um in the past, particularly at IPO and so forth. I mean, just looking at the progress of Main Event over the period of time. That's interesting.

That's a special place in my heart. I ran the company This year is the first time I bought it. Word. Me too. It's the first time I bought it Word Me too I I have something to IPO

You know my main event stories I've told you before My main event stories Me not really knowing the market I've just gone into the market a couple of months I made my thing The blunder CWJ blunder.

My CWJ blunder. I think I bought some Jetson after that. It was a good year for Jetson. But the... I already know the market. But that was how strongly floating on Randy said. And again, misunderstanding Randy because of my

I didn't want I just want Randy to say the right thing so it's funny it was a second coming of thing by CWJ because Randy talking about the thing he did before and me saying hey cool same play I run into

Randy wasn't doing anything thing at the time. He was laughing around at the industry guys and how the rubbish sucks on the basis of how the business sounds to them. And he saw a main event, and he sarcastically said, it don't make no sense. Basically, it's like it don't make sense

because it's just something event companies i draw the line right listen me draw the line right this all over weekend my mother asked me my mother did this one change but every time i got into the investing game whatever she was she was there like she still does it your company reports on the news or she hear i said whoever report enough profit she don't really know what i'm gonna talk about no context behind but she'll tell me about it because she won't talk about it just want to show us you know she's going to pass on to your system to work it mostly most times i know already at the time she said main event she said oh whatever companies ipo main event and actually i was just talking about main event and i should i was just talking

about jack connie's ipo recently and we'll get to about after and she said thing then because 2016. did me come back out and hear any talking about it and i think that was i think after i asked a question in the group the time and he did actually answer somewhere that's a good time so me decide say yeah man what i'm saying makes sense for my money of course i feel like half of that never there was something there but i've tried to miss out going into that but i never buy me anything because i ran this seven mother asked me about many things i'm gonna buy none and me that's okay that's all good because i'm there it's not this you know just something investment event company you know how to buy that only if you see Randy and Pose main event gains and I'm finally getting the joke

yeah yeah very tongue-in-cheek oh god man I probably even got the joke before because I remember you had You said the same thing about Jetcat Yeah Everybody knows Jetcat So it's not going good I think at that point I said Wait wait wait I put it down close Yeah man

So that was a good one Nice listen Randy say You have to care for what Randy say Yeah, man. So, that was a good one. That was a good, nice lesson. Boy. Randy say. You have to be careful what Randy say because you probably don't know what Randy is saying because you probably don't have the context behind it or anything. Yeah, and I joke.

And I joke just so the people who get the joke will understand what I'm talking about. So, yeah. That's one of the most ridiculous things yeah no no not that um when you when you're rubbish or company because uh yeah because of what they do themselves you scare them put on waiting yeah yeah whatever everybody know the used car, man. That's Richard for used cars. The used car company in Minnesota. Bro, your mate say, he's a bank employee.

I say, yo, how much a million dollar company is rubbish? This company makes more than 10 times the money I make in a year. It is rubbish. This company makes more than 10 times the money I make in a year. It is rubbish. Would you not want to make more than 10 times the money you make in a year? Not if you have the right name behind it. That's really it. That is so weird.

It takes one second to turn around and look at that. It takes one second to look at that and say that doesn't make any sense wow there's a colleague who said he didn't say anything special about Elite because

I'm not the best x-ray company so that doesn't make any sense what's the best x-ray company? I don't know the thing is the people that say these things don't know No, no, the thing is The thing is, the people that say these things Don't know either Just ask it

Just ask Same time, and you'll see how quick I mean, we talk We have no Randy I'll say that works I'll ask you the thing you're talking about Why? Never really think about it

Most of them never really think about it most of them already think about it yeah yeah yeah and we have a thing in jamaica also we have the as in a meeting this week and it came as in two meetings this week and it came up in both of them they're asking about something and they're you know well what if somebody else do it and we have this i don't know if I gave a good answer, but we have this idea of needing to be the only person doing something. As if competition means that you're dead. Exactly. KFC, you're dead because Papa is around. How many finance companies are in the GSC?

Too much. How many banks? Too much. How much brokers? 15 brokers. How much finance companies are in the JSC? Too much. How many banks? Too much. How much brokers? 15 brokers. How much insurance? And all of them are recommending them. The same people are recommending all of those.

Again, right? I just walked up on ISIS. Oh, I better not. I better not. it's a real anyway Phil that's not what you had in mind or what did you have in mind I keep interrupting you

yeah so one of the things I've been trying to figure out with Main Event is they have a division called Digital Signage. For some time, I was taking for granted that I guess I knew the

relationship between iPrint and Main Event. If you look in the audited reports, iPrint is listed as an audited report where iPrint is a related company. But there's no clear evidence of what exactly the relationship is. I know digital signage is a division of main event. I looked and

seen that they have an employee who is an employee of main event group whose expertise is digital signage, whatever, whatever. But iPrint seems to be... So I just, in my mind, took it for granted that iPrint seems to be... So I just, in my mind,

took it for granted that iPrint was either a subsidiary or an associate of theirs, but it's not listed as... Well, you decided on it. That's interesting. It's just... You were saying it was a relationship,

but then you decided on a very strong relationship. So I was wondering to myself if there's... I mean, if I am the only one who had that thought, you know. I didn't, I mean, I went trying to substantiate it and obviously didn't find any evidence of it. The sheer ownership, but. The sheer ownership, right.

I think the sheer directorship. And so, yeah, they do. And my mind does carry me down that road. But there's really no clear evidence. So what I was wondering about... You mean clear evidence of what? Of the nature of the relationship. I can't see what the nature of the relationship is

besides them being a related company. And in the audit, it says a related company could be five or six different categories of things. Which includes associates but shared directorship is one thing. Yeah.

Shared directorship alone. So they may not be a financial relationship. Shouldn't say not be a financial should say not be a financial relationship because there is a financial rate there is a financial issue but it's not a subsidiary it's not an associate right correct um i think a brick talk i think a brick talk that you were on not brick talk a earning season i don't know if it's on you. I think it's on you.

An earning season from a long time ago. And then I spoke up. I said the same thing that I think you touched on, which is why not list it? Or the spinning off of it. Spin-offs weren't really spoken about a lot back then in the same way. This may be pre-MJE or maybe around MJE time or before.

But I wondered, why not spin it off? Why not do one of the things that can be done with their print division, their own two print companies, printer signage companies, I believe. I could be wrong.

Yeah, I print on noa wait when you say they own well so me me even as a digital science division do they yes all right and what does that um digital science but i don. I have not seen them say exactly what digital signage does. They speak to revenue from digital signage. I'll try to look it up. I remember it being over 100 million in a year last year. here. And I kind of went down this road

after seeing, you know, the whole iCreateVisualVibe thing and trying to compare the numbers for their digital signage. Yeah, to compare the numbers for

both. But then, you know, it led me to see that iPrint slash National Outdoor Advertising is a completely... So, when you see the numbers for Meigs digital signage division,

iPrint is a completely different thing. So that's a completely different set of money. I'm not under the impression that Main Event has any subsidiaries. No, I'm not sure. And I'm not sure. That's why I'm saying I'm not under the impression. I could be wrong. They don't seem to...

Like what? I don't see that in their finances no this is not because i've done this before we have this conversation is a subsidiary of me i know what i was talking about i know why i think that's why i wrote back on it because good. Agreed. In fact, we had this conversation earlier. Let me show you. Where is it?

That's an in-person thing. It was around this time, I think. Yeah, yeah they have their related parties but i don't know that they um actually own one yes yeah i don't know if there's any ownership um i think they're very i think i've always been told i don't know truth is but i've always been told that the financial side of our main event is is run like sharp people, a sharp person. Yeah, I've always heard that. You get that sharp. You get that impression. Yeah. You have that point, Randy? It was not. It was not, but you know what? I've got to say yes. I just get it. I just get it. Okay, cool, cool.

I didn't get it either. Yeah, pick up Sir Salah himself. But no, Okay, cool, cool. I didn't get it either. Yeah, pick up Saraswala himself. But no, I wasn't thinking that. But that is also true. That is also true. I don't think they move.

But then think about that association. Obviously, there's some linkage. Not some linkage. Who listed them? Mayberry? Yeah, Mayberry listed them. For sure. The share boards with SVL.

Barry and them don't get none wrong yet. I don't know. The only one that get wrong was what? That thing from Justin. Yeah. And that's not that. If that's getting it wrong it really just getting it early because what that was then is common no it's what it's common

as as as as houses know and it just but did it be really it was a different time. I remember a different time. Do you know how much money he wanted back then? $23,000. $400 million? Nope. $235 million. $200 million.

Oh, wow. $20,000 to $12,000? $10,000. Yeah. Yeah. Wow. Well, that's I can't say he did better than that.

Just thinking about where that was versus now. Because, as you say, he's really my earliest to go to England and come again and get way more. I think he's with the team behind

Seprad and Fessy and them. Yeah. Oh God. Sometimes I miss the innocence of earning season sometimes. And even that was heavily Sometimes I miss the innocence of earning season sometimes. And even that was heavily rough.

The minimum subscription was 150 million shares. And yeah, the minimum. Yeah, wait, let me get it right. Let me not guess. It was exponential. So anybody who wants to look it up, you can look it up. I think it was 20, it was not 2012, it was 2013. Exponential.

Exponential. And it did not, it did not... What am I going to know? It's such a funny thing. If you look it up, you will see stuff that's very common, common, common now. Dana, I see what you're talking about. I don't know. I see what you're talking about. And Mystique.

Yeah. Yeah. I often wonder why Main Event doesn't do anything, but I guess they're moving in their own time, which is a SBL and moving in their own time. If it's one company moving in, it's one time, boy. Awas, say something, you know. You guys ready?

No, it's a main event. It's a line, Awas, but I know it's going to be taken. I mean, I probably mean it that way too. But it's a very nice sign. But when the time comes, you yeah svl we're in what now the fourth quarter and this is their fourth quarter brother it's interesting enough dream is actually a related company as well i think because of of um either shareholding our directorship shared but their fourth quarter in there they hook I'll just mention like three company many men October 31st October

So End of year Start of the year End of year Right So we can get those results What End of the year

Literally No January Yeah January No man December 30th If you come back. December 30th. If you count black days, yeah.

End November. December 30th is 30 days after the end of November. No, it ends October. October is finished. End October. End October 31st. Oh, crap. That's funny.

Somebody need to change that? Yes, crap. That's funny. Somebody need to change that? Yes, sir. A few broke again. Oh, God. Every day. You just box me wicked. You know you need to box me more than so. I live there.

I made some steps. We'll see. I live there as well. I don steps? We'll see. I live there as well. I don't make the steps yet. Press send on the email. Yeah. So, Sir Phil, main event

is your fourth quarter dark horse, if you will. That is certainly not an inappropriate term. Word. It seems under the radar kind of thing. It doesn't... You know, it is not one of the stocks that people talk about a lot.

There were, and then they stopped. Yeah. It stopped at the time when it got interesting. And I think with the SVL thing. I've said that people are going to go and look up the fact that SVL owns 10% of them, but then they're going to stop there. And then they're going to repeat the same point about, oh, you know, maybe they seem to want to do something in the event space.

And then if I ask you what I mean, silence. They have a new director, no? Do they? Main event or SVL? Yeah. Main event has a new director who is... Ex-SVL? Staff event or SVL? Yeah, one. Main event has a new director who is... Ex-SVL? Staff member of SVL. Okay, that can't be...

System worker SVL. Ah. But I mean... What's progress on a new company in the mouth? Take it out. I'm looking forward to hearing the production company. Is that what they have? Isn't that... Yep. forward to hearing the production company. Is that what they have?

Yep. And it's geared specifically... It has the news. It's a production company. It's not geared specifically around K-Manus? It's a production company geared specifically around K-Manus. You mean an events company? Production is a word

they use. Production is a word it is. Yes. Dark horse indeed. Fitting dark horse. And the chairman of SVRL, Supreme Ventures Racing

is also the CEO of Main Event. But all of those points require some connecting. Those dots require some connecting. Nah, bro. Just give the data. Repeat it. Analysis. Yeah.

I mean, other places that count as analysis. Not here. Not for me. But that's not a bad dark horse. Like I said, I've owned some since IPO. I bought some this year. I don't know.

The digital signage division, they're earning, their revenue was 155 mil in 2021. What does the digital signage division actually do though because i mean i i mean i have assumptions but it doesn't make it clear come on let's hear it

um my assumption is that they own specifically they own outdoor digital boards and they rent them to companies to advertise on them so I assume they own the boards

they may own or rent the space that the boards are in. Okay. And they would earn revenue from the companies, but the companies that choose to advertise on them. Now, Main Event also has a production arm. Mm-hmm. also has a production arm.

I don't see it. I don't see clearly where it says that they produce the ads. Well, they are aligned with the same company I mentioned, Mystique, which is an agency and agencies do that sort of thing. They have more than one agency. I think I have an agency or something like that. Name slips me, but again, when I say have, I mean. It may not be on the main event. Research can show where it is,

but I think me personally, main event has a lot of spin off. It's one of those companies i think of as having heavy spin-off um potential potential yeah but and linked to others in a regular regular sense spin-off yeah call it whatever you want as long as i make money okay gotcha makes it true yeah i agree i agree yeah i don't know how you could be taken. Because we just said there are no subsidiaries of any event. So what to say? But what is the spin-off?

Exactly. But there are. And there may be things. I could be wrong. There could be subsidiaries that I haven't seen it. I mean, no. Sure. That production company with them and things.

Is it a joint venture or anything? I'm tired. I'm saying names. Randy, wait a second. company with them and thing there is it a joint venture or anything they don't make it i i'm not i'm tired i'm saying names brandy they don't i don't think they list any they don't they don't think they list any i i have not seen any not in the audited yeah which to me means none right you can't say that with any heavy strong voice right You can't say that with any heavy, strong voice, right? Because... I mean, I think there is one, no, with the new company. I think it's a joint venture.

But then you'd still have to list it. A joint venture, you'd still have to list it. Yeah, but that's as at the last audited. As at the last audited, cool. Right, yes, that's true. Because that joint venture didn't that was in the news in may of 2022 of 2022 and in the quarter results of july third quarters didn't list any joint ventures i didn't speak to any joint ventures or associates.

No. So where did you get it from that? Where did you get it from? I don't know. I don't understand. What do you mean? What's the check you made on that digital signage thing? Where did you mean? What's the check you made on that digital signage thing? Where did it go?

In their... In their financials. They speak to it. I know, man, but he's saying he doesn't know what they do. I didn't see clearly where it said what they do. In what the digital signage division does. All right. I didn't see clearly where it said what they do in the, what the digital signage division does. All right.

Okay. I know they use this thing that, um, that you are a person in the group about Scala. About what?

Scala. S-C-A-L-A? S-C-A-L-A. I think that is the international company that they have a relationship with. I mean, I think they use their signs.

I've seen on the iPrint website they speak about Scala. Yeah, but iPrint is not main event, are they? They're not me, the listed company.

No, they're not me, the listed company. So the potential is there, but again, it could all just be wishful thinking on the outside. I mean, no, to me me more than Just is Yes I get what you're saying Yes I agree Fully right

I'm not I'm saying there's a Strong possibility The thing Is very possible to happen Just I'm agreeing And saying But

It's very Very possible Likely who that Don't know Yeah Possibility is possible It's been possible From day one

But it's been years Exactly So Yeah man So not It's Are they going day one, but it's been years. Are they going to? Do they want to? I'll just agree on that.

Because I think that's only like I was saying otherwise. Phil, you mentioned iCreate, which is definitely also one of your things. Fourth quarter, you think you're seeing the right issue in the fourth quarter? I would

hope so. I think that's what the public wants to see. And I think that... The public doesn't matter. It does not matter one bit. It seems to. He said it seems to matter here. It seems to matter. I mean, it seems to matter to the

boss. True. True. True, true, true. But also, they seem to have some timeline pressures to get the money. I mean, they've gotten loans. So I don't think that they have

an issue sealing the actual deal. But I think, yeah, I think the fourth quarter, you know, we still have two and a half more months. I think we'll see the rights issue circular, at least. Could be a long wait. Yeah, it could. Could be a long wait. And there might be opportunities there because of that.

Yeah. For me, at least. Interest may wane. Interest has waned a bit, no? Yeah, yeah, yeah. It's meandered down in price. What, a bit, no? Yeah, yeah, yeah. Meandered down in price. What at? Which one at?

iCreate. iCreate. Oh, okay. Ended the year at two. It ended the quarter at 240. Started the year at 78 cents. Ended the year at 240, which is why Tyrone was so hyped on Twitter saying, you know, top stock of the year. Not quite the top stock of the year at 240, which is why Tyrone was so hyped on Twitter

saying, you know, top stock of the year. Not quite the top stock of the year. I think that's still fast-rich. But he was saying that at least, and that is still actually still a heavy thing. 307% growth. Trangular. Till now.

Yeah, man. Yeah. Well, till the end of the quarter, not till now. Till now it's... I think I'm getting too late Because I'm probably giving trouble without trying Yes, you are Yes, you are

But this is something that I'm sure Many people are wondering about And excited about possibly getting to For the fourth quarter If it happens in the fourth quarter It doesn't have to, right? It doesn't have to happen in the fourth quarter. If it happens in the fourth quarter, it doesn't have to, right? It doesn't have to happen in the fourth quarter.

The volumes have certainly sought to come down. And I don't think the overall volume thing changed. I'm assuming that no conversion has happened yet. Well but I think a conversion will happen once the rights issue price comes out, which means once the, once

the, um, the document, the circular, because then that, that is the pinning point for the 100 million convertible debt and the 400,000 US convertible debt which those convert to convert to shares at that discount and a premium to the rights issue price 100 million converting. It's a lot of money, but if it works out right, there's that digital company. How does all of this matter? I'm assuming why Phil was mentioning it. I mentioned it to Phil. It's because of the

signage company that they're buying, which is Visualize. Visual Vibe. Yeah, Visual Vibe. Visual Vibe. Which if they need the money to buy I'm assuming that they'd be smart and spin it off also. It only makes

sense for a company like iCreated to seal in some benefit. Some tangible benefit for them. Especially with the heavy level of shareholding that they're about to have yeah you need i need a heavy level of profit generally profit plus i mean you think them cash will problem solve

ah i mean yeah i mean this this this this solves it that makes it even better so yeah i think it's I mean yeah This solves it and makes it even better So yeah I think it's You're fine Conversion might Conversion plus thing there Conversion not change that bro For me the loan is the loan

Sorry yeah the debt I assume part of the 100 million debt Is to clear up Yeah we are right Conversion if you convert it's not a letter pain anymore yeah some i'm dead free but then now i need to hunt up profit i need so much you know to to to feed to these shares and to and to justify my share price i was thinking about share price yeah i was talking about the business and living because you see the road they've been on but getting something and listing it they are margin on their visual vibe holdings

will be better than thing there i don't know if you want to go that direction same thing yeah margin on visual vibe holding is better than the loan they got the one they got from sagicore almost anything is better than that loan i got from sagicor the terms and that were exactly yeah i i'm surprised still because my understanding i mean what was the money from the equity for it wasn't to to clear the sagicor debt i was on al-qaeda too Now there's a whole email coming, so I don't know. Yeah, I read that. I was wondering what was going on.

Same thoughts. I'm looking forward to see what they're going to do about the junior market limit, how they're going to navigate that. I don't know if that's what they're waiting for. I suspect so. Or part's what they're waiting for. I suspect so. They're part of what they're waiting for. I would suspect so.

Assuming that what is the junior market expected to go up to? Another 500? That would give them room, right? That would give them room. That would give them room, yeah. So maybe after March next year. That's possible.

But it could be earlier. It is possible it could be earlier. Because if they do that, then they keep the tax break. They remain on the junior market. And a spinoff can remain on the junior market too. on the junior market. And a spin-off can remain on the junior market too. So you're off to find the profits and then no break.

Or you can stay on the junior, right? Yeah. You don't have to have the break to be on the junior. They could lose the break, stay on the junior have to have the break to be on the junior they could right they could lose the break stay on the junior and spin off visual vibes on the junior and visual vibe would keep it would have a lot of detail is that right

is jc that's interesting okay if you run iCreate It comes with the same plan That Detail went to them And until they know Well Court business I want to say that

But I don't know Detail is past its Oxford Detail is actually past its Oxford point So Can I do that? what detail is past the tax break. Detail is actually past the tax break point. Can I do that? It's not the same. Can I elect myself to pay taxes?

When you said detail is past the tax break point, what do you mean? Sorry. Detail is no longer half tax or anything. 10 years up. 10 years never. Was it completely up when you it done when you're done i think it's done now but i believe that when so when did it when did it stop when did it finish

no it finishes um next year oh no no 2014. december 17 17 that's interesting December 7 2013 2023 it's a basically me that's all to eat away to the you the law says the rule says main market so once you're not on the main market you should qualify right but also wait stop when they did what they did i'm gonna stop right here go on phil wait around it well again i think the rule says main market no it can't happen if if the if your parent company is main marketer has been on the main market yeah so so if you're on the junior you're on the junior even if it doesn't speak to the tax break it just speaks to location of listing

and the government is about the retail thing there I think the government is a damn. The law says 500. That part is law. I know that man. I'm talking about you. The law speaks to the 500. What 500?

The share cap. That's what the law speaks to. Still on the junior market and not paying tax to the level a main market company pays tax. That's how I see the government. That's a good question. I don't think

that would be a J.C. alone decision. At all. But they remain on the junior market but they have to pay the tax isn't that so you don't tell me to pay the tax no he said the time wasn't up

they don't pay tax so they pay the full tax I don't know that's interesting that is actually very interesting I'm trying to be interesting But said this I know he likes this kind of thing

It's actually December 16, 2020 We want it up You mean Phil 15 years finished in 2023 Yeah That's strange yeah man detail level long time in the bossy detail fully this by the time you different me up on the market detail listed in um on the junior market december

17 2013. yeah 10 years on that puts us to what yeah half tax kicked in at december 17 2018 five years right so as far as i know up to de 16, 2023. Yeah. Right. The APO that they did push them up the 500. Yeah, so they gave it up.

Correct. Yeah, they gave up. They gave up the 500. They're on the dual market still. So are they paying full tax or half tax? Full tax. They gave up the tax break they're on the due to market still. Are they paying full tax or half tax? Full tax. They gave up the tax break. Where do you see that?

In them financials. They gave it up. They broke the 500, which is what you pointed out. And I'm saying that once they break the 500, that's harder because that is what's in law. A lot of it is in G&P rules, but the 500 is in law. Sprinkle salt. I'm tired, so I could be wrong. But I think the 500... No, man, I think you're very right. Yeah.

It's a thing I remember. Note 29. Note 29 of the audited has it. Audited, wait a second. In February 2021, the company issued an APO, whereby 201 million new ordinary shares were issued. As a result, the company does not qualify to claim the 50% emission of income tax that the subscribed participating voting share capital increased above. Given that it increased above.

So they're not going around JSC rules. They're not going around the JSC rules. And that sounds fine. So they're not going around J.C. rules They're not going around the law The J.C. rules get way for them And that sounds fine The reasoning that they used Was it would disenfranchise The CFF

Shareholder If they move to The main market And force CFF To the main market The main market But the tax break would be removed. That's the important thing. For CFF?

Yeah, don't... For CFF, would that be a move? No, the... Well, CFF tax break, not the... Because CFF is a subsidiary of DTL and you can't have a you can't have a um main market company as your parent that is a jc market so jc is running jc is waving either them wave that rule yeah or them waving now but that took me a thousand times to the tax break. So I think CFF will be fine unless they're forced to move

to the main market. Well, the law says being adhered to junior market rules. So the law gives JC some amount of power too.

Detail works. That power too. Detail works. That's funny. Detail. Okay, fine. You're very, yeah. I like that. Which is why it's gone also because. Yeah, man.

I agree. I was talking about the CFF point. I was checking that part. Yeah. That's also listed. Remember, no detail is also a subsidiary of Barita. Sorry. Is that thing?

I see. That's what I said. Yeah. Sorry. I said subsidiary. I'm tired. Apologies. Yeah.

There are no... What's a mix? A hell of a mix. It's a rule upon rule. How that work? Rule and law. I tried them again. Sweet River. What else I'm going to say them again. Sweet river

water. All right, guys. Thank you very much for listening to us for this free talk.

I hope it was useful for you. I hope you guys enjoyed it. Feel you have it.

You all helped the people close off. Bless up. Pick up my money. All right. I'm happy you like it. Pick up my money, J.A., every time.

Alright. I'm happy you like it. I hope you guys like the product also. And I know you guys will be excited about the stuff that will have to come. Do I have anything you want to tell the people before we go? Just the usual. If you're looking for financial advice, investment advice, you want a portfolio,

you have some big goals you want to achieve and you're not really sure how you want to go about them, check have some big goals you want to achieve and you're not really sure how you want to go about them check out defaultadvisor.com book a session and we can talk we work out

what your portfolio needs to be for the goal that you want in mind and what we need to be doing behind that how we need to invest the money

and or just fix your portfolio whatever goal you have in mind we work towards it defaultadvisor.com and one more thing for a fail let's post something in the group for you and i wait and you're going to see why i was wondering

how you don't know what it is all right all right cool all right yeah read the prospectus it's a nice that's a nice circular thing that i read many of the prospectus if you all have an idea what that i was talking about uh interesting i did it yeah it's a long time ago yeah but it doesn't clear up your situation i don't know why you didn't know that but it doesn't clear up the situation around what many of it actually owns what falls under public and what doesn't clear up the situation around what Main Event actually owns, what falls under public and what doesn't, and what may fall soon enough. The thing I was asking about,

he said he doesn't know what it is. He just signed it, but he doesn't know what the department does exactly. Ah, okay. Yeah. Yeah. I'll check it. Yeah, all right.

Well, thank you guys very, very much. Again, as I said, hope you've enjoyed it. I hope it's been useful. I hope you've heard what you want. People seem shy this week, but hey, I don't mind talking to them. I don't mind talking to the people who do come on. But I always have something for you interesting whenever we have break talk. Still up in the air.

We might have a break next week. I'm not sure. We may have a break in break talk next week. But I'm surprised how long in the air we might have a break next week i'm not sure we may have a break in brick talk next week but i'm surprised how long we've been doing this without a break so you may have a break uh workaholics yeah next week and um we'll see if we do i'll let you know if we don't uh then you'll hear us here next week and And as usual, I hope you keep investing. I hope you guys look forward to some of the gains that you can make on the market. And I think it'll be an exciting last quarter. I mean, we have a guarantee.

We have at least one, not guarantee, but at least one promised listing for the fourth quarter to come. So I think for the people who care about listings being exciting, there's that their implications from that listing and there's a whole lot more that could happen and there's also the long promise summer from Jamty which was moved to last I heard October October November which is where we are now so maybe it maybe it's time for summer and if not there's always a whole lot more in the market the greatest gains on the market still haven't come from ipos still haven't come from it yet the greatest gains on the market are still still to be found in the active trading the active deliberate trading knowing what

to do knowing what makes sense um and i of course i teach that at my class grow every every month with a grand split grow and split grow. And you get a discount to a session with Dana if you do that. So I think that's a win-win. Anyway, with all that said, guys, I'm going to end my tired talking this evening. I hope you guys have enjoyed it. Have a good night, and we'll see you when we see you again. Night-night, everybody.

Come on, people. Bless up. Bless up. Bless up.