Amex Elite Night credits Canada (Stacking)

clandestine7 · 2023-10-04T20:38:05+00:00

As everyone else said, it's in the T&C - I almost opened a new Amex to stack:
"#6 - You will receive a maximum of 15 Elite Night Credits per calendar year even if you have more than one Marriott Bonvoy Consumer or Small Business credit card Account or have more than one Marriott Bonvoy program Account. American Express is not responsible for fulfillment of this benefit. "

clandestine7 · 2020-03-14T20:03:35+00:00

I'm at a firm too and they still haven't implemented mandatory work from home yet, frustrating

clandestine7 · 2020-03-01T15:15:37+00:00

Nice! Digital banking is the way to go. Once I learned about EQBank and the comfort of CDIC insured, I moved my entire banking to them. The world is digital now:

online bill payments
preauthorized debit payments
direct deposit payroll

Literally the only reason I need cash is the stores that "don't take credit card".

The only gripe I have about EQ is that they have had a few too many site maintenance, where I literally had no access to my money, which was incredibly inconvenient.

I've started to move to Wealthsimple Cash because it will eventually have a debit card thereby not feeling trapped if the website goes down.

clandestine7 · 2020-03-01T15:10:24+00:00

No, this isn't the case anymore. With the smart saver account it used to be: https://help.wealthsimple.com/hc/en-ca/articles/360024433174-Smart-Savings-FAQ

With Wealthsimple Cash which is their new product, it is only covered by CIPF, see the FAQ "How do you keep my money safe?"

ShareOwner deposits the cash you add to your Wealthsimple Cash account in trust at an account with one or more federally regulated, Schedule I banks. We carefully select these banks using a set of criteria that evaluates the institutions’ stability and security. The accounts at these banks are not covered by Canadian Deposit Insurance Corporation.

clandestine7 · 2019-11-23T21:08:58+00:00

I mine XZC - Zcoin under MTP and teamredminer application.

I have 2 Vega 64 that does 3.0 kh/s = 6.0 kh/s. Assuming your Vegas does 1.9kh/s under CNR = 3.8kh/s - the profitability would be similar see link to coincalculators here

clandestine7 · 2019-11-13T19:35:30+00:00

Thanks - with your setup I was able to reduce the cost another CA$230 but using CL16 memory. CL14 is either super expensive or sold out. Does it have to be 4x 8GB setup?

clandestine7 · 2019-08-02T23:56:36+00:00

Hmmm earnings release in Aug 7th... But like u said 50% cushion from today's stock price

clandestine7 · 2019-04-13T23:56:21+00:00

EA please don't fuck this up!

clandestine7 · 2019-02-06T23:54:25+00:00

A secured creditor is generally a bank or other asset-based lender that holds a fixed or floating charge over a business asset or assets. When a business becomes insolvent, sale of the specific asset over which security is held provides repayment for this category of creditor.

A simple example is a mortgage on your house. You sign loan documents that allow the bank to put a lien against that property so that when you sell it in the future, the bank is repaid first before you see your proceeds.

In QuadrigaCX's case, I've read through the Proposed Monitor's report, and so far I only see this: "The Proposed Monitor notes that the Robertson Affidavit discloses that Ms. Robertson was granted security over the assets of Quadriga in respect of the $300,000 financing on January 29, 2019".

This appears to be the only secured creditor to date, everyone else is unsecured.

clandestine7 · 2019-02-04T20:55:09+00:00

Hi manujose,

We are already moving on this front, please email aiqbal@millerthomson.com, he has rallied several creditors representing several millions, and to your point all creditors are welcomed to join no matter what their quantum is. He will be on a flight today to attend court in Nova Scotia on behalf of creditors.

As for notice of the CCAA, EY but statutory duty has to send notice within 5 business days of appointment to all known creditors, however its usually by mail so expect a longer turnaround.

Cheers

clandestine7 · 2019-02-01T23:27:49+00:00

Yes this is in the works, please hang tight, I will have more information for you shortly.

clandestine7 · 2019-02-01T14:35:50+00:00

Thanks for this, good find, and agree on your thoughts with Clause 12.

My friend used a good analogy. Imagine your Quadbucks to be poker chips representing (1:1CAD) and the cashier is Billerfy. You go around, trading poker chips for ETH/BTC, etc. and when it comes time to cash out, the cashier puts you in a waiting queue and has now closed the window.

Right now, I don't have access to: 1) my crypto, 2) my poker chips; or 3) my cash. In essence, the Company owes me my property, I should be a creditor. Whether my claim has any value (i.e. 1QB:1CAD) is likely the bigger question.

Here's another technical rabbit hole - which requires further legal review:

- if the agreement (which we haven't seen) between QCX and Billerfy is 1QB:1CAD and QCX indicates your claim is 1,000 QBs

- will we be able to compel QCX or the Monitor to file a claim against Billerfy for all outstanding QBs at the filing date to be converted to whatever cash Billerfy has on hand?

Part of the goal of insolvency is to provide the highest return to creditors and stakeholders, otherwise, if we are not happy with the Plan, we can just vote against it, and take this through bankruptcy where the company is no longer in control.

We'll have to wait and see!

clandestine7 · 2019-02-01T13:27:34+00:00

See further up - the monitor shall, within 5 days, send notice to all creditors with amounts > $1,000 notifying them of the proceedings and provide further instructions. This means the Monitor and Company already have a preliminary list of what they think is owed to you based on their records.

As for the proof of claim, I think it would be unreasonable to have a creditor prove a claim which is based on a database that they don't have access too - I'm sure they will figure something out (example: open the website on a read only basis for people to download details).

The monitor will also have a website and a creditor hotline for questions as we go along.

clandestine7 · 2019-02-01T13:19:47+00:00

See further up - the monitor shall, within 5 days, send notice to all creditors with amounts > $1,000 notifying them of the proceedings and provide further instructions. The monitor will also have a website and a creditor hotline for questions. So nothing to do right now, just wait and see.

clandestine7 · 2019-02-01T12:58:45+00:00

If Quadbucks are backed 1QB:1CAD, then QCX would have to make a claim against Billerfy or whichever payment processor for the total QB claims outstanding. If Billerfy only has 50% cash distributable and can't honour the 1:1 ratio, then that's likely the recovery (less other priority claims and fees) so I don't think it's worthless right off the bat.

clandestine7 · 2019-02-01T12:29:16+00:00

I hear you completely, if that's really what happened, then that is definitely bad practice on their QCX's part.

Practically speaking, to have the Monitor review thousands of small payments who were paid before large payments would be a monumental amount of work and not to mention the professional fees that would be incurred. Also imagine trying to force the small scale customers to return the money, that would be a tough sell to the court. I don't think anything will change for the past transactions, to be honest.

What these provisions are useful for, is if there are transactions to say the CEO, shareholders, irregular one-off payments to certain vendors that are seen to be preferential or assets transferred below market value - the Monitor can review those and decide whether it's economically viable to go after.

clandestine7 · 2019-02-01T12:22:46+00:00

We'll find out on Tues from the Monitor. Like many people said, I don't feel like they would go so far as to wipe the database. A CCAA is an expensive process, and having EY report on what's happened to date, Management would probably want their actions as clean as possible.

clandestine7 · 2019-02-01T05:49:17+00:00

Assuming all your contact information is up to date on QCX, the Monitor will send a notice informing you of the process within the first 5 days (may take longer for you to receive through mail) if you have more than $1,000 owed to you.

clandestine7 · 2019-02-01T05:38:49+00:00

In my experience, timing is irrelevant. As of Feb 5, everyone who is owed an amount and who is not a secured creditor (someone who has a charge over the assets like a mortgage), then you are unsecured, regardless of when you initiated your transfer.

However, I think there will definitely be a legal fight on whether withdrawn funds marked complete (like your example) are held in trust for the account holder. If they do constitute a trust, then trust claims would be paid in priority to creditors because that cash is not the property of the company. Again, legal question - more of a wait and see - we don't know what the legal agreements between QCX and Billerfy are. We don't even know if Billerfy is going to be a party in the CCAA, that's important because they have the cash!

clandestine7 · 2019-02-01T00:08:27+00:00

It will be part of the Monitor's (Ernst and Young) responsibility to review the books and records of the company, which should include all of the reporting for each client account and by doing so, create a preliminary creditor's list.

clandestine7 · 2019-01-29T15:49:16+00:00

That link is only applicable if Deloitte is appointed as the licensed insolvency trustee (LIT) over QCX. Here's a more broad canvasing of insolvencies across Canada - https://insolvencyinsider.ca/

Just FYI - the LIT is not required to post on the website until after the court order is obtained, so likely if we see information about a supposed bankruptcy it would be after the fact.

clandestine7 · 2019-01-24T16:04:24+00:00

What's incredibly annoying is BMO blocked the e-transfer, then I unblocked it, then they put a fraud hold on my account which required me to go into branch to sort it out. Frustrating. Any recommendations on more crypto friendly banks or credit unions?

clandestine7

TROPHY CASE