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Is their news out?
Or just low volume melt-up?
The financials must be good, or at least interesting. Mini Bull Rush.
Hopefully? Just because he doesn't have credibility in our little OTC fishbowl arena doesn't mean he lacks it elsewhere. See: $100M in investor financing from Captain America, joint project with Gotion (multi-billion dollar company), and strong connections with various levels of Chinese government.
Deng will never have credibility on the OTC. Even if he was trying to gain credibility on the OTC, I doubt he has any idea how to go about it. Our launch will begin with the Naz uplist. I doubt Deng or Tao Qiping know how to go about that either but at least they can pay an Investment Bank for that one. That's an oft-navigated process.
Today's ~173% surge is probably short-lived. But at least now we'll get a better look at the incoming company, as well as our share structure.
If he were, he'd have started with $500M+ as his Present Value.
Ohtani's Contract
Headlines read $700M over 10 years, with 97%+ deferred ($680M). His Luxury Tax Salary is $46,081,476 per year.
I'm bored so here's how I think it was derived.
Step 1: Present Day Market Value.
Judge signed a $360M deal (9 years @ $40M per). Two former Mets pitchers have much shorter contract but with the highest Average Annual Values of $43.3M per. Ohtani and his agent came up with $460M over 10. That's $46M per year, which is higher than the 2 former Mets pitchers, as well as higher than the total Judge contract by $100M exactly.
Step 2: Deferred Salary
With grand plans of retirement, and avoiding Cali's State-income tax, $440M is deferred 10 years into the future, at the then 10-year treasury rate of 4.43%. This is considered the lowest risk rate possible. Higher yields are possible but they come with risk. And when you're playing with $440M chips, risk is unnecessary.
$440M compounded annually at 4.43% equals $678.7M. For the sake of big, round numbers, they round up to $680M, and when one adds back in the $20M of non-deferred salary, the total contract becomes $700M. The rounding up is important here.
For MLB's salary cap luxury taxes, they discount the deferred portion of the contract ($680M of $700M) back a present annual value. They discount at the same rate the Present Value was grown but since the number was rounded up, it becomes this highly specific and unusual number of $46,081,476.
To restate, Ohtani's Present Market Value is $460M over 10 years. When 97% of the salary is deferred, the Future Market Value grows to $700M.
Grids below show the calculations:
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10-Year Treasury Rate
Initial Projection to derive $680M
Reversal to derive Present Day Luxury Tax Salary
Spotrac's Salary for Ohtani
Entire Excel Grid
LMAO. I see you studied at the same school of stock investing as me. Lol.
Haven't read it yet but the merger did indeed complete. Now, I'm only 50% down. Lol.
That wasn't me today!
Me, too. Preferably one in the NFC.
Sorry, I'm still salty after the Bills beatdown on my Chiefs this weekend.
I guarantee Thurmon Thomas won't lose his helmet at halftime this time.
He's the "Italian Stallion" of sports agents. Also, Tommy Cutlets agent.
I wonder what my boy @seanstellato is ordering up on the sidelines in this moment. #MNF pic.twitter.com/H816qJf146
— Jarrett Payton (@paytonsun) December 12, 2023
Are you referencing the "Italian Stallion" of sports agents?
No news on twitter. Seems to be a low volume melt-up. I'll take it.
Remember, if it lasts more than four hours, seek medical attention.
Up 150%. Ha!
Is Rayne Dakota Prescott one decent playoff run away from being the highest paid player in the NFL?
He's top 2 in MVP odds. Has $59M+ cap hit next year in final year of contract = huge contract leverage. Both Trevor and he surpass Burrow's contract, and I suspect Rayne surpasses Trevor's contract. It's about to get wild in Dallas.
They targeted the kid. No TD... just yet.
Rayne has led 3 drives, 3 scores, up 17-3 early in the 2nd.
Picture is annotated with "Chairman of Gotion Hi-Tech, invited the Chairman of CIWM, and ASKH visited the company and discussed the two sides. The signed 9 million tons of lithium solid waste treatment agreement was negotiated in depth."
I find it interesting that our primary investor / frontman / rainmaker, named after Captain America, is in the room. Golden rule I guess: he who has the gold, makes the rules. In certain instances when the investors' expertise is relevant to the discussion, it's not uncommon for investor(s) to be actively involved. But I doubt this guy is an expert on mining, recycling, and/or mining practices in China. This is clearly a startup situation, where relationships and funding are closely intertwined. Just wish we could vet this Midnight Oil looking MFer.
Au contraire mon frere, I did use a limit order at $0.087. I skipped steps 1 through 3 and went straight for the paint.
Here's the thing, if I'm painting, sometimes I get a fill below my limit order, when not desiring one. If I want to establish a position, wanting a fill below my BID, it never happens. Why is that!?!
Now we all feel a little poorer this weekend. Mea culpa.
Thought this might happen. Filled DOWN. Oops.
I wonder if early season tax-loss selling is what dropped us back to the beginning (a dime)? Now, we're just feeling the natural rebound?
Well, this is getting kind of interesting...
Lol. I wouldn't be upset if it did.
Gotion is key.
People can say scam, Chinese reverse merger, etc. Can't really vette the company no matter how pretty their website is (has become). But we don't need to. Gotion already did it for us. Think the 4th largest Chinese battery maker, a publicly traded one at that ($6B USD market cap), is messing around here?
This is why CIWM is effectively a start-up.
Translation highlights risks of a start-up. CIWM was founded in 2022 but Huazhu Green Building Tech, where all our tech IP derives, was established in 2010. They've done the work before but at smaller scales. No guarantees they'll be efficient at larger / commercial scale. That said, 20-tons per hour sounds fairly large scale. Based on the image, "connected in parallel" seems to be 3 lines vs 1 line, i.e., imputing 60-tons per hour is large / commercial scale.
Translation below:
"At present, small mass production equipment that can process 20 tons per hour has been successfully developed. Multiple sets of small equipment can be connected in parallel for large-scale production.
At the same time, the company's research and development of large-scale production equipment is also in progress."
If the Chengdu Promotion Conference stages looks familiar, it should. That's where the signing ceremony (September 27, 2023) between CIWM and the Yichun government took place. The government-owned link follows: https://www.yichun.gov.cn/ycsrmzf/zwyw/202309/771a1dd419334c6c8d065206a3c4172d.shtml
Top Image on the link page contains image of Huang Zhangxi, Chairman of Jiangxi Guoxuan New Energy Technology Co., Ltd. (sub of Gotion Battery / $40B USD market cap), and he's standing right next to the government head honcho.
Bottom image on the link page shows our illustrious leader Deng Funan, don't call him Dung, signing the fat government contract.
Image below that is basically the same image but taken by a CIWM employee in the crowd. It is on CIWM's website.
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Bottom image on the link page shows our illustrious leader Deng Funan, don't call him Dung, signing the fat government contract.
Image below that is basically the same image but taken by a CIWM employee in the crowd. It is on CIWM's website.
>
New article on CIWM's website.
Chengdu Promotion Conference. One provincial capital's government (Yichun) inviting another provincial capital's government (Chengdu) to come and talk about lithium mining and its environmental impact. Yichun is where our big 9M-ton lithium recycling project is located.
Wiki info below:
Yichun is a mountainous prefecture-level city in the western/northwestern Jiangxi Province, China.
Yichun literally means "pleasant spring".
Yichun is also the birthplace of a number of literary figures, such as Tao Yuanming and Deng Gu, both of whom are famous poets in China history.
Chengdu is the capital city of the Sichuan Province.
With a population of 20,937,757 at the 2020 Census, it is the fourth most populous city in China, as well as being one of the nine national central cities of China.
$ASKH, these numbers look really big on this one https://t.co/R7JW4rmZbt
— Schito (@Schito_74) November 30, 2023
We have a painter amongst us and it wasn't me today.
Feels like their is more left but who knows.
I'm sitting on a 50% gain right here. #MadeInTheShade
Have you seen what's tonight's game is? Patsies and the Steelers. Bleck. But I did hear Rayne is religious about his body grooming etiquette.