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Looking for 2.6 billion volume today
Benzinga
India Wins $20B Semiconductor Tech Investment From Apple Supplier, Vedanta Kicking Off Its Journey As A Chip Maker
Vedanta Ltd and Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHAF), operating as Foxconn, aims to invest $19.5 billion to set up semiconductor and display production plants in Gujarat, India, Reuters reports.
Vedanta Chair Anil Agarwal tweeted regarding the new plant describing it as the onslaught of India's journey from Chip Taker to a Chip Maker.
The joint venture obtained subsidies to set up units near the western state's largest city, Ahmedabad.
The showpiece investment of ?1.54 trillion coincides with the upcoming local elections in the state, where Modi's ruling group is facing a tough challenge from opposition parties.
The Vedanta venture aims to manufacture display and chip products within two years.
Vedanta plans to set up a display manufacturing unit with an investment of ?945 billion ($11.95 billion) and separate chip-related production units by investing ?600 billion ($7.58 billion),
Vedanta and Foxconn will work closely with the state government to establish high-tech clusters with the requisite infrastructure.
Foxconn will bring technical expertise to the venture, whereas Vedanta, who has a mining background, will finance the project, TechCrunch reports.
The state of Gujarat will offer subsidies on capital expenditure and electricity for the project.
The Indian government promised to expand incentives beyond an initial $10 billion plan for those investing in semiconductor manufacturing.
Looking great!!
Volume coming in hard!!! Love a solid .0008 bid close
Over 1 billy served
BYOC .0007 one billion traded so far today, avg 500 mil. Trip merge coming
I’m a buyer here, merging trip nice
Great post and yes there are billions in short and naked short positions. Take 700 million in short position and multiple by 10 gives you the typical size of the naked short positions
My figures are around 6 to 8 billion shares
DBMM
There will be no further shorting, they are already in the hole
for multi millions probably BILLIONS of shares. Once trading resumes
there will be such intense buying pressure (5 years worth of pent up
pressure) FOMO will kick in and explode the price into the stratosphere
within hours. The MM's will be forced to cover the existing naked short,
they will have no choice, they will lose complete control at least temporarily but enough to push the price up to the dollar/s area.
This is not like AMC where big boards can put a halt/s on the buying side and delay the MOASS.
This is the wild west of trading on the OTC and the MOASS is inevitable. That is something you can count on, unlike those other
"guarantees" we heard so much about.
India could grow at 7% annually this decade -chief economic adviser
Mon, September 12, 2022, 11:09 PM
NEW DELHI (Reuters) -India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser said on Tuesday.
The government has already said it expects the world's fifth-largest economy to grow at more than 7% this fiscal year, after it expanded by 13.5% in the April-to-June quarter, the fastest pace in a year.
Economists, however, say growth is likely to lose momentum in the coming quarters as higher interest rates cool economic activity.
"While international agencies are showing our trend growth at 6%, I feel the trend growth will easily be 7% per annum for the remainder of this decade and beyond," said Chief Economic Adviser V. Anantha Nageshwaran at an event in New Delhi.
"I am taking 6% as the very easily attainable growth rate and I am adding 0.5% coming from the capex (capital expenditure) pool and another 0.5% will come from the digital public infrastructure that we have created."
Nageshwaran said that "investment spending which we had experienced back in 2006 to 2012, is going to come back and that is going to be one major driver (for growth)".
The rupee's depreciation of more than 7% against the dollar this year has pushed up the cost of imported items for consumers and businesses, but Nageshwaran said the country was not defending the currency.
"I don't think Indian fundamentals are such that we need to defend the rupee. The rupee can take care of itself," he said.
Though often feeling like we’re going through Ground Hog Day, the Company was disappointed in the fourth Commission extension —a full year of wasted time—to December 5, 2022. It was not surprising, however. More perspective required.
The sponsoring broker’s Form 211 application to become DBMM’s Market having been submitted to FINRA and attesting to its having followed the new amendments of the 15c2-11 , is now nearing its conclusion. The CE will be removed following the process outlined, no longer a major distraction. Even more significant, the US-retail market will be open. That action alone protects shareholders as everything will fall into place.
I’m not here for 80% uptick I’m here for 10,000% or higher
EXCELLENT!!!!
GTSM it’s time for you to move up
Looks like we will break into the 4’s today
Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 9/6/2022 J(1) 98336 A $0.86 (2) 3871176 (3) D
Looks like we will get into the 7’s today
85 million dollars has exchanged hands so for today, there’s some thing huge coming
I bet they halt it around 6.25
Hoping the short tree
turning green before we close
Over 60 million dollars have exchanged hands so far today
Ok thanks, I was under the impression the pre purchase IPO window was closed. This is good to know.
I guess my question is, how can we reinvest if we are not trading?
Will there be an option to reinvest our first dividend?
BDCO 2.02 V 6K 2 MIL FLOAT
Huge volume rolled in, 20k at 9.24 now halted
Looking very good
India overtakes former colonial ruler UK to become 5th largest world economy: 'law of Karma works'
Bradford Betz
Sun, September 4, 2022, 4:37 PM
India has overtaken the United Kingdom’s spot as the world’s fifth-largest economy, according to GDP figures from the International Monetary Fund.
According to the calculation, based on US dollars, India overtook the U.K. in the final three months of 2021 and extended its lead into the first quarter.
Indiana business tycoon and Mahindra Group chairman applauded the news, saying it would have "filled the hearts" of every Indian who fought to win independence from their former colonial overlords.
"The law of karma works," Mahindra tweeted Friday. "News that would have filled the hearts of every Indian that fought hard and sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude."
Well put! So true
Hoping we have Co-ops in peanut farms
China supplies the world with 36% (stat I did not know)
Empty Peanut Shells Are the Latest Casualty of China’s Drought
World’s biggest grower may see output tumble 30% this season
Extreme weather roils crop markets during key harvest period
https://finance.yahoo.com/news/empty-peanut-shells-latest-casualty-000100256.html?fr=sycsrp_catchall
Chinese Stock’s Wild Run Sees $19 Billion Wiped Out in Two Days
Kit Rees
Fri, September 2, 2022, 7:43 AM
(Bloomberg) -- It’s been a wild stock market debut for an obscure Chinese garment manufacturer, whose market value has evaporated to less than $600 million from more than $20 billion in the space of a few days.
Addentax Group Corp.’s comedown has been as quick as its rise. The stock had a dizzying 13,000% surge Wednesday in its Nasdaq debut, which saw its market value surpass that of Fox Corp. and Hewlett Packard Enterprise Co., only to give up much of the move over the next two days.
After soaring from the $5 listing price Wednesday to close at $656.54, shares of the Nevada-based holding company slumped 95% on Thursday. The shares plunged a further 47% to $16.00 at 10:42 a.m. in New York on Friday.
Read More: Obscure China Stock Plunges 95% After Mystery 13,000% Rally
Swings in the shares evoked similarly dramatic moves in the past month by Hong Kong-based firms AMTD Digital Inc. and Magic Empire Global Ltd. Addentax, whose businesses include garment manufacturing and logistics services, is at least the eighth firm from Hong Kong or China this year to see such moves following initial public offerings in the US.
Broke that 9.60 mark, let’s see if we hold above 9.00 now
Picked up more 10.19
Well done! Can’t see this getting below 9.60
Thought 16.00 was it now it looks like 12.00 is it!
13.00
I’m in at 13.00
Picked up more ALDA
Yep watched it, 971x of the float today
That’s is very refreshing to hear!!! You just answered my next post.
Thanks a ton for your candor