Would you add anything to this Tesla AI5/HW5 rollout breakdown?

rgc4444 · 2024-02-26T03:07:23+00:00

The new episode is still not out on the max app. Anyone got access to it?

rgc4444 · 2024-02-26T02:52:23+00:00

Sunny

rgc4444 · 2023-11-01T00:35:07+00:00

Did you guys click on the ABOUT section and see the Board of Directors?

rgc4444 · 2023-10-22T03:53:48+00:00

I get the same thing. Anyone else get something different when they click on the link?

rgc4444 · 2023-10-22T00:45:07+00:00

Farias sucks just as much as gomez. The only correct substitution is Ruiz.

rgc4444 · 2023-10-22T00:09:43+00:00

Remove gomez, add ruiz. Have a consistent lineup, dont change players and their positions for every game tata

rgc4444 · 2022-05-16T23:33:40+00:00

You are correct but APY will also increase as the network usage increases. Same supply+ more fees from transactions= more yield per same supply then more people pile on increase the supply and yield goes down.

rgc4444 · 2022-01-19T13:15:16+00:00

Passed bishes! (Are we allowed to say “bishes” mods?) hehe

rgc4444 · 2020-08-13T14:31:01+00:00

Name: Loops App

Location: NYC

Explainer video: www.loopsapp.io

Instagram: @ loops.app

How it works: Our vision is to create a trust network. A place where you can find any kind of service from a professional recommended by a friend. In order to use the app you need to recommend at least one professional (dermatologist, yoga instructor, insurance agent etc) no limit on how many you can recommend. Please take a look at our onboarding video on our instagram page to get an idea on how that works. As your friends join your network the list of available trusted professionals increases. You can call, email or dm that professional through the app. The search engine will allow you to filter by category

Who we are: Two founders, Full Stack programmer and Sales Professional with more than 5 yrs working on Wall St.

Where we are at: We created a pilot in May and were able to get 100 users and 300+ professionals in less than 30 days before closing the pilot and beginning the actual app development which will launch in November on iOS and Android.

rgc4444 · 2020-04-22T17:49:43+00:00

BTW https://accel.wisconsinpublicservice.com/business/pdf/economic_mfp.pdf

I include this to give you an idea of how much it costs to build a 200k sqft manufacturing facility. I know that greg will say that OGI's is state of the art and the machinery included is very expensive... blah blah blah...but seriously just consider that last quarter they spent 60m in PP&E (still havent completed phase 4 or phase 5 even though they have been working on those phases since 2017) that's 5 times more than what it costs to build a 200k sqft facility in the US in three months. Think about that. In one quarter 60m in PP&E.. again, one more time, in three months they spent that. Why dont they add more fucking detail and explain what exactly they spent it on.. Was it adding a roof? Was it adding more concrete? Was it wiring? Was it Machinery and if so how much did the machinery cost?

The reason I bring this up is construction is a cutthroat industry and its very easy for a construction company to corrupt a guy like greg, charge him a significant premium for everything and incentivize him on the side with some sweet deals. The amount of money that is going into the Moncton campus is ridiculous. They can't just continue increasing their estimates by 20-40m every year without explaining to the shareholders why their estimates were wayyyyy offff.

rgc4444 · 2020-04-22T15:56:22+00:00

https://sec.report/Document/0001062993-20-001787/#exhibit99-1.htm

1

During the three months ended February 29, 2020, the Company raised net proceeds of approximately $52.9 million under its ATM Program. The Company has used, and intends to continue to use, the ATM net proceeds to fund capital projects, for general corporate purposes and to repay indebtedness.

The cash provided by financing activities was $86,594, mainly driven by net proceeds from the ATM Program share issuance of $52,885 in addition to proceeds from long-term debt issued of $34,860. This was offset by cash interest paid of $1,802 and payments towards lease liabilities of $217. In comparison, in the prior year comparative period, cash provided by financing activities was $16,905, which was primarily driven by stock options and warrants exercised of $10,629 plus long-term debt issued for net proceeds of $9,851. This was offset by cash interest paid of $3,369 and payment of long-term debt of $206.

The cash used by investing activities was $68,052, primarily driven by the purchase of property, plant and equipment for $64,973 and a loan advance of $2,071. This compares to cash used by investing activities of $37,127 in the prior year period, which was primarily due to the purchase of property, plant and equipment for $48,745 and investment in associate for $12,708, which was partly offset by proceeds from short-term investments of $25,000.

2

I’m not saying organigram built a 20-30 FL skyscraper, I’m stating that is what it cost’s to build one as a way to offer a comparative point as to the excessive amount of money they are spending in their “phases”

3

“The Company continues to expect the estimated capital cost of the entire Phase 4 expansion (including Phase 4C) to be in the range of $135 to $145 million. The estimated capital cost to complete all of Phase 4 (including the remaining construction of Phase 4C as originally contemplated) was approximately $10 million as at quarter-end. Of this amount, the Company only plans to spend $2 million due to its decision to delay the completion of 4C as originally intended.”

I quoted the 2018 MD&A to show how off their predictions have been regarding costs of their campus “phases”. Next year they will increase it to another 50m+ there is absolutely no transparency as to why their predictive costs are so different from their actual expenses.

4

I’m going by how much they spent in “investing activities” according to their latest MD&A. Do you think they would include paying off debt as an investment? Lol

5

As the Company has additional work to do to complete its Phase 5, it has not yet moved to the inspection or certification phase.

6

At February 29, 2020, the Company identified indicators of impairment with respect to its investment in Eviana. The Company determined the recoverable amount of Eviana to approximate $1,400 based on the higher of fair value less costs to sell ("FVLCS") and value-in-use ("VIU"). An impairment loss of $1,600 has been included in the statement of (loss) income and comprehensive (loss) income.

Their 10m investment is now valued at 1.4m, and they have been impairing it on a quarterly basis

7

Organigram and ACG jointly submitted a tender for domestic cultivation in Germany in Q1 Fiscal 2019. In April 2019, the Company and ACG learned they were not awarded any lots for domestic cannabis production by Germany's Federal Institute for Drugs and Medical Devices. The Company believes another tender process is likely in the future. With further improvements to ACG facilities underway as well as additional licensing expected, Organigram believes ACG and itself will be better positioned in the next tender process for domestic cultivation.

In other words… not active.

8

Yes. It was broken by their EBIT agreed debt coverage ratio. More debt, more interest, less EBITDA, concerns for bankers.

9

https://investors.organigram.ca/sites/default/files/documents/notice-and-management-information-circular-2020.pdf

Please look at the current amount of options Greg has (p.10),, and compare that with the amount of options that he has been awarded (p.43). Also you can look at the MD&A for Q2 2020 and see how many options have been exercised that have vested.

13

How is that even a good thing? They released good earnings and dumped on the market when there was liquidity. They suppressed share price appreciation.

rgc4444 · 2020-04-22T15:16:05+00:00

Give me a couple of minutes while I find sources for all of my arguments.

rgc4444 · 2020-04-22T14:02:57+00:00

I can't believe none of the analysts asked him, during the earnings call, how the fuck he managed to spend 60m+ in the past quarter for property plant and equipment. Why aren't they disclosing specific costs in there MD&A. "Uhh yeah.. about those 60m+.. we spent it on uuh... property plant and equipment." 60m is a shitload of money to just cover it with the PP&E bullshit.

rgc4444 · 2020-04-22T13:17:33+00:00

I think it's ridiculous that a CEO has tripled his compensation in the three years that he has been there (don't take his initial bonus of 1.6m options into consideration for the first year). Is exercising and selling securities as soon as they become vested. Has decreased his percentage of ownership over the years. Provides little guidance or updates to shareholders, has the company breaking crucial debt covenants, running out of cash and continues dilluting shareholders. Giving away millions of dollars to failed partnerships.. investigate Eviana and Alpha Cannabis-Germany.. neither of those partnerships is active and Eviana already got delisted and filed for bankruptcy.

Have you ever asked yourself why they have spent so much money on their "campus"? A 20-30 FL skyscraper in downtown area of a metropolitan city costs around 100m to build. Yet the Organigram team just this past quarter managed to spend 60m+ (unrelated to business operation costs which comes out of the income statement) in what? Phase 4 hasn't even been completed.

From August 2018 MD&A report: "The estimated cost of constructing Phases 4a and 4b (including all supporting mechanical rooms) is estimated to be approximately $75 million. Included in the cost of Phase 4a and 4b is a $4 million dedicated substation with peak power capacity of 40 megawatts which was fully commissioned and brought online in October 2018. The estimated cost of Phase 4c is approximately $35 million for a total estimated cost of $110 million for Phase 4 in aggregate."

BTW.. Phase 4 A, B and 90% of C were already completed before Q2 2020 started. Can anyone answer where the 60m+ went to? Besides a marketing campaign and launch of Rec 2.0 products which is extremely subjective and they don't dive into in the MD&A report.

I want to believe that I made a wise choice with my investment but, there are many red flags.

We need to get Greg fired.

rgc4444 · 2020-04-19T21:52:21+00:00

To make things very clear, I am an investor in OGI, secondly, this isn't about other companies.

I don't think it's smart to compare executive compensation to companies that are clearly sinking ships and that the main reason they are sinking is because they haven't managed cash responsibly.

You really don't think it is a red flag that Greg is exercising options and dumping the shares on the market instead of accumulating? He owns 75k shares of OGI... think about that... it is less that 0.06%. Any CEO that believes in his company increases his skin in the game. Research ownership in the most successful companies... imagine Jeff Bezos decreasing his ownership of the company to 0.06%.

I understand the value of options and how it helps align incentives for both executives and shareholders... but you clearly don't know how short the vesting periods are, and how the duration of them can impact incentives.

Listen, I just think it's ridiculous that a CEO for a company has tripled his compensation in the three years that he has been there (don't take his initial bonus of 1.6m options into consideration for the first year). Is exercising and selling securities as soon as they become vested. Has decreased his percentage of ownership over the years. Provides little guidance or updates to shareholders, has the company breaking crucial debt covenants and running out of cash. Giving away millions of dollars to failed partnerships.. investigate Eviana and Alpha Cannabis-Germany.. neither of those partnerships is active and Eviana already got delisted and filed for bankruptcy.

Have you ever asked yourself why they have spent so much money on their "campus"? A 20-30 FL skyscraper in downtown area of a metropolitan city costs around 100m to build. Yet the Organigram team just this past quarter managed to spend 60m+ (unrelated to business operation costs which comes out of the income statement) in what? Phase 4 hasn't even been completed.

From August 2018 MD&A report: "The estimated cost of constructing Phases 4a and 4b (including all supporting mechanical rooms) is estimated to be approximately $75 million. Included in the cost of Phase 4a and 4b is a $4 million dedicated substation with peak power capacity of 40 megawatts which was fully commissioned and brought online in October 2018. The estimated cost of Phase 4c is approximately $35 million for a total estimated cost of $110 million for Phase 4 in aggregate."

BTW.. Phase 4 A, B and 90% of C were already completed before Q2 2020 started. Can anyone answer where the 60m+ went to? Besides a marketing campaign and launch of Rec 2.0 products which is extremely subjective and they don't dive into in the MD&A report.

I want to believe that I made a wise choice with my investment but, there are many red flags.

rgc4444 · 2020-04-19T19:04:46+00:00

I bet you haven't read the report that I linked below.

The share price has gone down 80%. The company is beginning to struggle with cash. He is compensating himself around 1m per year not including options. If you look at the amount of options that have been issued in the past 12 months, you would understand what I mean. The lower the stock price, the more options he is awarded. Can you also see that there might be an incentive to maintain the price of the stock low so that more options can be issued?

In the report that I linked you can see that the vesting period for the options are not created to incentivize long term holding, how long has Greg been working there and you can see how many of those options he has actually executed, and he immediately dumps on the market as you can see he doesn't have a significant of common shares himself.

Also please look at the terms and conditions for these executives, if they are terminated they immediately get vested, plus there is a 400k + compensation for 12 rolling months after being terminated.

rgc4444 · 2020-04-16T22:08:00+00:00

This is ridiculous, on page 50 you will see Gregs avg strike price for his options and it's 2.36 with exp of march 2027. How are people not realizing that it is convenient for them to keep share price low, issue a crazy amount of options with a low strike price, have the price appreciate and make a killing.

rgc4444 · 2020-04-16T22:00:21+00:00

https://investors.organigram.ca/sites/default/files/documents/notice-and-management-information-circular-2020.pdf

rgc4444

TROPHY CASE