Franklin Investors are asking if they vote YES when will they get back full payment & what is time limit for winding up. This thread answers their questions which none is answering and all investors want to know

Investors need to refer to #SEBI Rule 14.5 which governs Distribution of Proceeds realized by MF from investments which are illiquid at time of winding up

If amounts are realized from illiquid investment after 2 years of winding up it has to be transferred to Investor Education Fund

Hence the mutual fund is required to sell all bonds within 2 years of winding up i.e. 23rd April 2020. So investors will get back entire amount by 22nd April 2022.

So Winding Up Process cannot continue indefinitely as is being misunderstood by most of investors Experts & even MF

HOW TO MAKE MONEY SELLING PUTS

The low-risk method for turning limit orders into cash.

It doesn't take a genius to know that the stock market is overvalued.

Airbnb shares hit the market today and doubled right away. This in a time when half the planet is shut down and many people are scared to travel.

Of course, that's just one example. There are plenty more companies with impaired fundamentals now trading at or near al-time highs.

It is very hard to find a bargain anywhere, similar to June / July where everything popped, only to tank in value by September.

This means you have three options:

1) Sit in cash.

2) Buy now, expecting both a future drop and recovery.

3) Sell puts , treating them like limit orders and collecting cash while you wait for share prices to fall.

We'll focus on number three.

Also, quick disclaimer: I'm obviously no financial expert and this thread is purely for entertainment purposes only.

Anyway, back to the main content.

Our major new analysis of the EU-UK trade deal highlights ten areas that must be addressed urgently to deal with non-tariff trade barriers looming come January 1st.

Although the Johnson deal is better than a WTO arrangement, it will still result in ‘considerably higher barriers’ to trade.

identifies areas of concern ranging from regulatory challenges and data issues to membership of the Erasmus scheme and climate change.

Commenting @BestForBritain CEO @pimlicat has said:

“This deal was negotiated at speed, and it shows. It is far from the comprehensive deal voters were promised”

“it is woefully thin on services that account for the lion’s share of our economic power, and it bares little resemblance to a modern trading agreement.”

With a fixed supply of money, holding the money itself is similar to investing in a global index fund which offers no yield but appreciates with global productivity. Anyone can be an investor; zero fees, experience, or professional management required.

Anyone who earns money can expect to keep it and watch it appreciate, without needing to do any more work.

With easy money, you need to beat inflation to keep the value you earned & for that, you need several professionals working full-time trained for years and plenty of luck

Imagine if every child could expect any money they earn or get as a gift to appreciate over time without needing professional management. How much more would children grow up to value saving and low time preference?

Imagine if every professional could focus on their job and watch their savings accumulate & gain value without needing to have a side job trying to figure out what stocks, bonds, commodities, and other arcane instruments to buy & who to hire to manage them all?

Imagine if the old, retired, and widowed could just count on their savings maintaining value without having to follow & speculate on global macro trends & insane monetary policies.

Checking in on the energy investing framework as we approach year end 2020

First we revisit the rules. 1) Equities follow crude

2) Crude timespreads momentum dictates crude price momentum. Strengthening timespreads = strengthening crude price

3) Over the medium term, crude follows a) global inventories & b) Emerging Markets (BRICS) growth.

In a nutshell, as goes the global business cycle, so goes the energy cycle

#1 Crude vs OECD inventories #2 Crude vs BRICs GDP

The energy cycle consists of inventory build & draw periods

Draws=bullish
Builds=bearish

Energy equities (red, inverted) and crude inventories

A thread on the Tasmota TLS MitM attack I found a few months ago since getting a proper blog post about it is taking me forever.

Tasmota is an open source firmware that runs on a number of ESP8266-based IoT home automation devices, which talks to an MQTT broker for management.

MQTT can be run over TLS to provide confidentiality and integrity, but given the constraints of running on an ESP8266 device, standard TLS certificate validation is rather heavy. As an alternative, Tasmota implements fingerprint based validation, like SSH

The fingerprint validation can do "trust on first use" (TOFU) and just remember the server's public key. This can work well if you're hosting your own MQTT server, and you can just use a self signed certificate. The fingerprint algorithm was even based on how SSH does it.

If you read RFC4253, it describes the RSA key format with the following encoding

string "ssh-rsa"
mpint e
mpint n

where e is the public exponent (usually 65537) and n is the modulus.

Slight problem. RFC4253 doesn't explain what an mpint is.

You have to go dig up RFC4251 for what an mpint is. The precise details don't really matter for this bug, but the critical detail is that an mpint is length-prefixed, which makes it unambiguous where when mpint ends and the next begins.

Tasmota's implementation missed this.

@ttmygh @htsfhickey @fleckcap What a great podcast!

Summary of stocks mentioned follows...

THREAD.

@tttmygh @htsfhickey @fleckcap

@htsfhickey @fleckcap $AEM is considered the premier miner cuz location of mines, only in North America and 1 in Finland. Also great acquisitions at the bottom. Earned $.80 in the Q, up 122% YoY, hiked div 75%, near record production, in spite of some planned shutdowns.

@htsfhickey @ttmygh @fleckcap

@htsfhickey @fleckcap $AEM Analysts estimate $4.07 conservatively this year, PE 15. And that for the premier gold stock with the best locations and the best management. And that's the highest PE.

@htsfhickey @ttmygh @fleckcap

@htsfhickey @fleckcap $AEM in growth phase, 20% over the next couple of years, they've spent all the capital. Expect their cost to come down as the production goes up.

@htsfhickey @ttmygh @fleckcap

@htsfhickey @fleckcap $NEM PE 12, just had the best Q in history, div policy based on cash flow (was enormous), increased divs 2x, possibly another 50% increase coming. Won't grow production but will grow cash flow & earnings.

@htsfhickey @ttmygh @fleckcap

Unpopular opinion: CentOS switching to Stream is not a bad thing at all.

When you wanted to run Openstack on CentOS in 2015, you needed to enable https://t.co/paegQ99rAj to even begin an install. The first thing that did was literally replace every single package in the install.

That was, because CentOS at that time was literally making Debian Stale look young.

And we see similar problems with Ubuntu LTS, fwiw. LTS comes out every 2 years, and that's kind of ok-ish, but it lasts 5 years, which is nonsensical.

It was not, in the past. So what changed?

Software Development.

We have been moving to a platform based development approach, leveraging the wins from DevOps.

"Kris, that's corporate bullshit."

It's not, though. Let me spell it out in plain for you.

People these days do not program in an editor, with a compiler.

They use Github or Gitlab, with many integrations, and a local IDE. They commit to a VCS (the VCS, it's spelled git), and trigger a bunch of things.

Typechecks, reformatters, tests, but also code quality metrics and security scanners.

Starting a new programming language in 2020 is not as easy as it was in the past, because you do not only need a language, but also a JetBrains product, SonarQube support, gitlab-ci.yaml's…

🚨🚨🚨
1/ #Smartmatic partnered with Haiti in 2012 (for a ~$53M project); this email (& thread) directly connects four key members of the Clinton Foundation to that decision and much much more.

@GenFlynn
@CodeMonkeyZ
@LLinWood

Remember the date this was sent: May 17th 2010

@RaoulGMI 1/ Ari is mostly right. The @grayscale vehicles provide an amazing way to get exposure at a fraction of the publicly traded price of these vehicles.

Let's start with $LTC.

The $LTCN NAV is $9.97. This is where LP's get to purchase.
The stock is trading at $329.48

@Grayscale 2/ If you put $100,000 into the trust, you get back close to 10k shares of $LTCN.

So immediately your $100k is worth $3.3m approx. Not a bad deal.

BUT, you have to hold it for a year. (the risk)

BUT, how big is that risk? How low would $LTCN have to go to lose money.

@Grayscale 3/ You don't have to be a genius to understand that the price of $LTCN would have to drop by 97% or so in order for you to lose. Those are my kind of odds.

Keeping this in mind, if $LTCN went down by 80% in a year, and $LTCN was $65, you would STILL make over 600% on your money

@Grayscale 4/ I am not going to say this is truly a case where the rich can get richer, but it certainly favors the accredited investor in a huge way.

You can repeat this with $BCH ($BCHG), $XLM, $XRP, $BTC, $ETH, etc.

Now, history tells us that the premium decreases over time as LP's..

@Grayscale 5/ get liquidity. However, using $ETHE as a barometer, while premiums were high initially, they eventually normalized in the hundreds of % points and when the big liquidity push came and investors unlocked it came down around 40%. NOW, with interest revived, back to 200%.

Support MSME

The Australia China trade war has resulted in China seeking support for import of of iron ore from Africa. Africa is building its iron or system which will take nearly the next five years to develop completely till then China is looking at India for its import.

This is a very crucial time for the Indian market to understand its own local and domestic needs and fulfill it before exporting the much-needed iron and steel raw materials to China.

This will in turn result in increasing prices of iron and iron materials in China and therefore India can capitalise this opportunity to export and products made of these important commodities at much higher prices.

The Indian Steel market has been under great pressure due to skyrocketing prices as the after effects of the covid-19 lockdown still persist increasing the ever growing gap between the huge demand and the shortening supply.

The manufacturers have not been receiving their pending payments due to which they are not able to procure enough raw material to make the products.

🇺🇸🎅PATRIOTSTORYTIME🎅🇺🇸

‘Twas the night before Christmas, when all thro’ the House,

2Not a swampcreature was working, not even a mouse;

3The stock market was flush with all of Trump's flare,

4In hopes that St. Nicholas soon would be there;

/1/

What does the Trade and Cooperation Agreement mean for the UKs #extradition arrangements with the EU27?

Lets take a quick look

Thread

A reminder of the respective positions of the UK and the EU in their negotiations that the UK Government considered a 'UK WIN'

As rightly said by @StevePeers, the reality is that the Agreement appears to be closer aligned to the EUs objectives, particularly given the EU wins in relation to dual criminality, ability to determine applicability for political offences and surrender for own nationals. EU WIN?

To begin with, as per previous arrangements, #extradition is referred to throughout as a 'mechanism of surrender'. Unlike the Council Framework Decision on the European Arrest Warrant, the surrender arrangement does not appear to be based on mutual trust and recognition

Despite the UK Governments negotiating position of not seeking participation in the EAW scheme, the Agreement provisions on surrender closely follows the wording of the Framework Decision on the European arrest warrant

1 Introduction

Fascism: what is it and why does it get such a bad rap?

This thread is for information purposes only

2 Fascism itself is used as a pejorative and most, whether on the right or left, lack conception of Fascism’s origins. ‘Fascist’ is a curse word in much the same vain as Nazi.

3 Fascism is a much maligned ideology/philosophy which makes sense only when those origins are understood. Likewise, the zeitgeist which prevailed at the time must also be understood, stripped down and thoroughly analyzed.

4 Whilst Fascism bears some similarities to National Socialism, they are really only close cousins.

5 The style of Fascism prevalent in the 1920s and 1930s is different from the ‘Fascism’ prevailing in the 2020s, and then it must be distinguished from that which existed, or still exists, in most Third World countries.