ERICOPOLY

What is the typical/average amount of mortgage debt to equity in the US today? An amortized mortgage carrying a 3% rate is 40% paid off today if that mortgage was taken out when the housing market peaked in 2006.

My point was to ask whether the people pointing the finger at China were doing so to deflect the spotlight off of themselves. Why else would they repeatedly say "over there!", "over there!". That can be read either way. Perhaps the media called it racist because they underestimate the man.

So the "Kung Flu" comments were not racist in origin, but were instead a deflection organized by the top of US Government in order to hide the Administration's role in the outbreak? In 2017, under President Donald Trump, the moratorium was lifted and replaced with a review system called P3CO — for Potential Pandemic Pathogen Care and Oversight — that left the review process shrouded in secrecy, according to the article.

It's not a hard decision knowing that almost 600,000 are dead in the US from covid-19, and many other survivors are suffering long term effects from their battle with covid-19. Meanwhile, the number of people vaccinated in the US far exceeds the number who have been infected with covid-19, and the dead and suffering are almost exclusively among the non-vaccinated. As the saying goes: 'Scorecard!'

Does anyone else own this? Two or three years ago (both actually) he said he was going to distribute the proceeds from the Stonetrust sale and wind everything down until there was only a "sliver" of stock holdings plus the GP ownership interest of Dhandho Funds.... But then last year, he reinvested the last of the proceeds from the Stonetrust sale back into the stock market (instead of distributing it), and said he was looking forward to gains on the stock holdings over the next few years. Am I imagining things or is this a course reversal?

Maybe it's from before his time. I posted this last June in the WFC thread: Mr. Napier—who has spent two decades worrying about deflation and who wrote a book about major market slumps—now predicts inflation above 4% next year in developed markets due to government loan guarantees. Governments, he thinks, have finally found a way to ensure that commercial banks lend: promise to cover bad debts. Heads, the banks collect the (slim) interest; tails, the government ends up with the losses. Of course banks will lend. “It’s pure politicization of credit,” Mr. Napier said. “This is the magic money tree.” https://www.wsj.com/articles/if-inflation-is-coming-the-market-isnt-ready-11592305397?mod=hp_lead_pos11

Best job titles ever, can't wait for the movie: Oriah Love, Grower Oliver Hammer, Assistant Grower Fiona Brooks, Assistant Breeder https://zedtherapeutics.com/team/

https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/19/all-electric-ford-f-150-lightning.html "and the ability to power your home if needed." I imagine that feature would be handy for dry camping with a 5th wheel where you don't want to piss off the neighbors with a generator.

Well, the "Integrated Solutions" category where the meat of the "pie in the sky" revenue is projected to come from only contains 1.1m units (the same number that Sanjeev reported from People Corp). And he reported that it was an actual contract and that they wanted to be onboarded immediately. His statements on this thread line up with the capital raise forecasts. The unit projection is what they already had under contract at the time.

Incidentally, I don't believe the app would play a role in "Integrated Solutions".

It https://apps.apple.com/ca/app/goevisit-virtual-doctors/id1200879381

The projected revenue from People Corp wasn't listed under the "B2B" category, but rather under another heading called "Integrated Solutions".

Okay, I dug out the source of the $19m projections for year #2: On March 18th, 2020, Sanjeev posted to this thread about closing a contract two weeks prior to onboard 1.1m members immediately: "About two weeks ago, we closed a contract with People Corp, which planned on onboarding their 1.1M insurance members over the next three years…in the last 24 hours, they’ve said that they want to onboard all 1.1M members immediately." The capital raise document was essentially forecasting about $20 of revenue annually from each of those 1.1m recently contracted members.

An annual individual subscription is $99.95. It would take 10,000 such subscriptions for $1M in revenue.

That is the million dollar question., isn't it? When Goevisit was raising capital in early 2020, the "income before taxes" projection was a bit in excess of $19m for year #2. What year is it now? It's year #2. PDH's share of that would be 30% of it.

The 2019 MPIC Annual Report stated that Zed is now controlled by a group of investors led by "the founder and former CEO of Brita Water Filters". The report explains that they are the ones that invested $7m into Zed in early 2019 in a capital raise that valued all of Zed at $18m. That capital raise valued each of PDH's Zed shares at 30 cents (acquired at 1/2 cent each). 60x return on $26k. It was explained that the Zed shares were a pro-rata issuance to PDH due to the initial $1.4m investment into MyCare. The founders of MyCare are also the founders of Zed. As to your question of whether it is still going public: from the MPIC Annual Report: "Their intention is to grow the business until they find a suitable offer from a suitable buyer". Where he says "their intention", he's talking about the investor group led by the Brita Filters guy.

What do people understand about the tax assets at PDH? The significant components of the Company’s temporary differences, unused tax credits and unused tax losses that have not been included on the consolidated statement of financial position are as follows: Unrecognized deferred tax assets 5,449,000 Allowable capital losses: 9,732,000. (no expiry date) Non-capital losses available for future periods: Canada 13,232,000 (expires 2026-2040) US: 12,000 (expires 2036-indefinite) China: 262,000 (expires 262,000)

Also, the 7,700,000 warrants expire in less than 3 years and they also carry a 5 cent strike. Either they expire worthless or you have a 150% or greater gain (from here) to worry about.

Well, the dilution did come at 3 cents per share, which was 50% higher than market price. As for paying the employees with stock options, 750,000 options expire on 12/4/21 and with an exercise price of 5 cents. The other 6,500,000 options expire on 12/4/25 and with an exercise price of 5 cents. The point here is that these option terms are terrible. IIRC, my MSFT employee stock option grants came with a 10 yr holding period (some may have been 7 yrs) AND the strike price was set at the lowest trade closing price of the prior 30 days. These PDH options were struck when the stock traded at 2 cents, and the strike is 5 cents.

Thanks for clarifying. I think Munger did give some roundabout marital advice which is to not drive a flashy car so as to keep the wrong types of women away. That's the type of advice that I followed when I went looking for wife 2.0: I went onto Match.com and looked only at profiles where the woman was a career woman with an established record of supporting herself (which applies similarly well to choosing which stocks to invest in, you want something with stable cash flows that doesn't depend on outside financing). If they fully depend on you, they can go "cray cray" on you (hyper-vigilant looking for any sign to validate their deepest insecurity that you will leave them).

I'm not sure either. What do people think of Charlie Munger's comments about WFC and also about having only a few eggs in his basket and watching it closely? Charlie once said (more than 10 years ago) that if he was going to put all of his net worth into one stock it would be WFC? Cross-selling at WFC of course had been no secret in the years before the scandal broke and Charlie surely must have known about it. After the scandal broke and in the ensuring years he has sold nothing whereas Warren finally walked after a few more years of thinking about it post-scandal. I am fearful of asking the following question lest somebody (or a pig pile of people jump all over me): Does Charlie have any trouble admitting mistakes or self-criticism? He has criticized management on the one hand, yet he knew about their incentives program and decided that, of all stocks in the world, this is the one that he would put all of his money into. His judgement about cross-selling was surely the same as managements. Neither of them thought the scandal was a remote possibility before it occurred, despite all his knowledge of psychology and incentives. Something blocked him from connecting the dots. I know all about Charlie's track record. And maybe he has torn himself a new one the size of the one that he tore for WFC's prior management, but I missed the reporting on that if it happened.

This point you make is an interesting one for those who fear that an increase in taxes would slow the economy. I'm wondering why that fear exists when we live during a time when those deposits weren't being lent out anyhow. I could well understand the point if lending were to be choked off by the reduction of deposits but I fail to see that as a realistic fear.

When you say "but Wells probably has more than others", are you saying they have more laziness or more fat? When you say "His comments about the quality of worker there made me feel comfortable that the fat there is real and will not impact the bank's performance.", are you saying that real fat workers do not affect the bank's performance? Lol. I'm kidding, but I still don't know what you are trying to say.

More than a year ago it was said on this board (and by a hysterical poster) that this was "an extinction level event".

News like this doesn't suck, unless you are sitting across the table from us: https://atlantaagentmagazine.com/2021/03/10/zumper-atlanta-apartment-rents-rise-6-4/#:~:text=The median rent for a,Zumper said in a report.