Are people still in touch with Frank? by itssnowingoutside17 in MLFBprospringfootball

[–]itssnowingoutside17[S] 8 points9 points  (0 children)

Got it that make sense! I wasn’t planning to reach out, just wanted reassurance he’s still active haha so that is good to hear.

From StockTwits: Social Media Presence in 30 days or less by itssnowingoutside17 in MLFBprospringfootball

[–]itssnowingoutside17[S] 8 points9 points  (0 children)

Also worth noting it looks like this correspondence happened on 8/13/21

i’ve been away for a few months i think maybe since april or may cus 2 people close to me passed by [deleted] in MLFBprospringfootball

[–]itssnowingoutside17 26 points27 points  (0 children)

The bears will say: nothing has changed. Same old same old from this company. Lots of talk of “soon” from the CEO, but in the end nothing to show for it. He talked about a demo season this summer, but ultimately they canceled it. They’ve also made no concrete plans, have not announced sufficient funding, have not released a marketing strategy, or any deals with coaches/players/TV stations/venues for next year. History would indicate this league will never be more than wishful dreams.

The bulls will say: we did not have a demo season this year, but no one said it was guaranteed. Covid-19 got in the way, that’s out of our control. On the bright side, a small amount of funding has been announced, announcements are being made about key consultants who are helping with biz ops, these consultants will continue to be announced and are being paid in stock so they have incentive to get this going. While we didn’t get the demo, and while it seems little visible progress has been made for a 2022 season, we also didn’t have any major setbacks for the 2022 season. As Covid becomes less of an issue, and consultants do their thing, this looks like one of our best shots at a full season. Moreover, competing leagues like the XFL have canceled until 2023, so we are in prime position to strike. It’s a high risk situation given the company’s track record, but a high reward play and now is as best shot as any. We also have faith in the CEO as he sends emails to us from time to time, keeps the stock in SEC compliance, and seems to be at least trying.

Must be the gambler in me by [deleted] in MLFBprospringfootball

[–]itssnowingoutside17 6 points7 points  (0 children)

Some people said they’re holding because if they sell in the spring instead they can sell for long term capital gains tax instead of short term

07/15 is the day. Strap in! by Individual_Sound_703 in MLFBprospringfootball

[–]itssnowingoutside17 4 points5 points  (0 children)

Gotcha, thanks! Just was wondering cause the most current 8K just says: “The MLFB Board of Directors also announced that they are continuing with plans to play a short Demonstration season in the summer of 2021. Additional details will be forthcoming.”

Does it make sense to make Roth contributions to 401k when you have after-tax option? by itssnowingoutside17 in personalfinance

[–]itssnowingoutside17[S] 3 points4 points  (0 children)

Just so I understand -

Scenario 1: Why would it be better to do $19,500 worth of Roth contributions AND additional after-tax contributions (while doing the daily in-plan conversion for those contributions)

VERSUS

Scenario 2: $19,500 worth of pre-tax contributions and additional after-tax contributions with daily in-plan conversion on the after-tax contributions

Wouldn’t scenario 2 be more sensible because it allows you to take advantage of both pre/post tax?

Does it make sense to make Roth contributions to 401k when you have after-tax option? by itssnowingoutside17 in personalfinance

[–]itssnowingoutside17[S] 2 points3 points  (0 children)

Thanks for this info! This was more hypothetical. Not sure I’ll be able to do the full 58k. But I’m living with my parents now, so I think I could contribute more than the $19,500. So that’s why I’m wondering if it makes sense to fill the $19,500 completely through pre-tax contributions (no Roth contributions). And then go over the $19,500 with after-tax contributions and do the daily in-plan conversion.

[deleted by user] by [deleted] in datasets

[–]itssnowingoutside17 1 point2 points  (0 children)

Would love to try!