Earnings Season - BrickTalk - The Return

Episode Date: July 24, 2025

After a multi-year break, the boys are back! And in a sea of doom and gloom…they're reigniting the lighthouse of market optimism.Cope or choke. ★ Support this podcast ★

The following podcast is for informational and entertainment purposes only. Nothing said on the podcast should be construed as investment advice nor should anything said be relied upon as the basis for any investment decision. Any reference to an investment's past or potential performance is not and should not be construed as a recommendation or as a guarantee of any specific outcome or profit. All opinions expressed by hosts or guests on the podcast are solely their own personal opinions and do not reflect the opinion of Evermicle.com or any company affiliated with the hosts or the guests.

Hosts and guests on the podcast may maintain positions and securities discussed in the podcast. Neither Evermicle.com nor its affiliates or subsidiaries warrant the completeness or accuracy of the opinions expressed herein and they should not be relied upon as such. Strategies and investments discussed may fluctuate in price or value and may not be suitable for you. They do not take into account your particular investment objectives, financial situation or needs

and they are not intended as recommendation to buy or sell any security mentioned. Speak to a licensed investment advisor before making any investment decision. Perfect. Hi guys. Welcome to Brick Talk. Welcome back to Brick Talk. You say it like we just left. Exactly. A nice... We're truly on a break of very long

a hell of a break right and as always I think we actually started with a true break like it wasn't a full plan just to get up and cut it was just uh yo we taking a break because we're doing these things and then time and time and time and time trust me and the time runs trust me do I go to it and just make it? So, we've handled this in so long that actually I kind of forget how we say this. Oh so you run right now. This is where we have problems. This is where nothing works and then we try to get it to work while somebody comes in and goes and talks and asks questions in the interim. It seems to be working fine for all of us.

It seems like everybody is here and nobody is cursing and saying, boy, we're not here. So I think we're off to a good start. We'll give it a moment. So yeah, I hope so. One somewhere after a good start. I'll give it a moment. So yeah, I hope so. Uh one thing I've actually forgotten. I forget to do our interests. So hi, just in case anybody here and it's for the very first time I'm wanting. I'm Randy. And I'm Danai. And this is the

wonderful podcast from Burning Caesar. Uh we call Brick Talk where Danai and I have a nice conversation about the market, or hopefully a nice conversation about the market, and in the vein of somebody who actually listens to podcasts, they always want to jump in or say something to the host. So at Brick Talk where you guys get to jump in and actually say something, so you get to talk to us, you get to bring up any points you want, if we're talking about something you find interesting, you can Talk to us you get to bring up any points you want if we're talking about something you find interesting you can Send a speaking request. I will talk to you

Of course anybody who's listened to the years that we've done earning Cesar and brick talk for should know how it goes We do have a little bit of change a few changes this time around Some things are the same some things are different some of the things that are the same All right, I am still not a licensed investment advisor. I am not giving investment advice at all and Danai as you said just now. Yeah, I still am. I think you still don't want to be one. Well yeah, who knows, who knows, who knows. I've been alive long enough to mostly never say never but I'm still not that I'm not trying to be. And then while he's on this show, he's my bridgeman and my co-host, but he's not acting as an investment advisor at all.

So just to be clear, nothing that we say on the show, nothing that we talk about should be taken misconstrued or thought to be investment advice as always. As we've been saying for years you guys should know that right um and of course maybe as a topical something that we also see all the time but we are not pretending we're not doing this is not like for work we're two guys who really love the market and we really love investing and so we're talking about things that we actually invested we actually care about so you should always assume that we're either buying or selling the things that we talk about right so you should there should be no there's no there's no there's because we talk about so much things that we even talk about things we don't like

true we talk about things we like we don. True, we talk about things we like, we don't like, we talk about things we own, we don't own, we talk about things we buy, things we sell, and you should just make it easy so that we don't have to do it. Assumptions. Yes, I think I keep getting delayed at night. But go ahead, tell me what you're saying and I'll understand my end. I'm going to speak about things I'm not buying or selling at any point right now. Probably not buying, which is kind of hard at this point.

But yeah, I see what you want, but I said I don't want to tell you now. Yeah, well, no, well, it covers just to cover what you were saying. Just to cover what you were saying, Danai. All I'm saying is that to make it simple, people should just assume that we are buying or selling our own every single stock that we talk about, right? That make it simple. Yeah. So having said that, I mean, like we said, we're getting the kinks out.

It's been a while since I've done this and since then I've done this. We talked about, you know, we haven't talked in the public eye for a long, long time. And in the time that we've been gone, of course, a whole heap of things have happened on the market. My God. When did we stop? Last year? Yeah, last year. No, no, it's been long. It's been more than a year that we've stopped. Oh damn. Yeah, I mean, we may have jumped in and we did like one off episodes, you know, a one update. We've also done, shout out to the Limitless guys, we've done a couple of episodes on their podcast.

I haven't heard full of shit in the last year. No, I think I want to say it's like three years. The first person I can come on and talk to us and tell us how long it's been since the last official episode, I mean, you'll tell me, I'll go and check and see if it's true, but I'd be happy to, I'd be happy to check and see that. It can't be three years, it can't be three years.

It may be. Nah, three years, if I was, nah, I don't think three years. Maybe, maybe no I don't think three years. Maybe, maybe, I don't think three years. Sorry, you're breaking up just there, but I see. I don't think three years, boy I need proper help. I'm gonna try to see if I can go in on that. Yeah, man, get your headset on.

In the meantime, I say shout out to Philberg, Investor, Rick Carter himself. I see him jump on and say it's been two years, wow. Yeah, I mean that like. Two years is. Is wild. Okay, and I thought it was just yesterday. Yeah, I mean, because we've not left the market

and we still talk all the time, but yeah, wow. Two years of 2023. Oh, really, we still talk all the time? I thought it's called we follow every talk stop bro. Really? I haven't heard that. You've heard that? No no no it's just one of the things I laugh about and say boy it's the kind of thing Jamaican people say you know. I guess so yeah I mean people I understand it too people have have asked all kinds of things I said oh you must be told to stop about them I can't understand it because people can't fathom simply choosing to stop

you know what I my AirPods stop working and I used to use my AirPods for this ah something's never changed. So until we start, this can't work. Alright, as always, we encourage anybody who wants to jump in. If you have anything you definitely want to hear from us, especially in the long time that we've been gone, I'm sure there's a whole lot that has happened, and there's always a whole lot that has still been happening.

As soon as speaking requests, and while we start to open up the early kinks, if you will, we will speak to it or we'll have a conversation with you. and let me hold up hold up let me see if I can also switch over to my actual account and if I just try to I just try I just try to plug in a wired earphone into my into this lovely Apple device here. No that's not that I might be eating that might be I'm gonna put my bad earphone back after a long time how you doing? I suppose Fries not one of the weakest. That does run in save time but Big Up Boss, how are you going? Keval if you're responding you're muted.

Yeah you have to unmute. Alright, are you, do you work? That's my Christian. I guess Kevin never really had anything. You're saying you will see you will check in. Is this really is actually are they back for you. It's all it's a. I mean, that's that's one thing is keeping in a note. Am I sounding better now because the phone was a bit away from before just now so I can hear you clearly. Yeah, you sound clear clear on my end at least. Oh, okay. No good good You sound like you're holding the phone up to your face

I'm trying to see if it's so it's somehow Is this on that's the question? Okay, so it's working. Let me see if we can connect it. All right, and I see Lopo sent us a request also. So what's up, Sir Lopo? What's up, Sir Lopo? What's up, Prodigal Sons? What? Oh God, how you doing? Just there, man. Taking in the occasion, you know?

That sounds like you might enjoy on Friday night. How you on the market? I'm on the market good. On the market good. I'm at the market good. I'm kind of taking a lot of fast and furious stuff happening in the market and I'm taking a slow approach here. Wow. Yeah. Wow, wow, wow, wow, wow. Things really changed in the time of that one. Why is that? Well, for one thing, if you remember back in the day, it was always thought of, like one of the things that a lot of people like about the conversations here,

and not just here, but also grow Gro, and just the general conversations, is the thought that we're all fast, fast, fast, fast, fast. It's great to hear you talking about slowing it down, taking a slow approach. Yeah, yeah, I mean, I don't know, I just think with time, you're gonna have different approaches for different phases of life. Yeah, yeah, that's 100% true. And there's nothing wrong with that. It's funny you said that because I myself have,

that's one of the things that I've noticed in the time that we've been away. Like my approach, obviously there's still fast plays and I still do fast plays. I mean, the people in the girl group know that kind of hasn't stopped any time and won't stop any time soon. But there's also a great, at least on my side, a great appreciation also for some of those slow plays. I used to say back then, Dana and I used to talk about how almost unfair it is on the local market if you're truly, I don't say a slow investor, like you know I hate the term long term, but if you are truly investing with a longer timeline, with multi-year timeline, even multi-quarter, multi-month,

but the longer your timeline is, the more unfair the local market is for you. Unfair in a good way, cause it becomes easier, it becomes even more lucrative um but of course it is not magical magical investing still investing so it's good i hear you say that someone knows that material as an investor on my part so like is more maturity and this time you're a part of local Maybe just maturing as a person. Yeah, I mean just see it as a investor. I mean, I think My think my outlook has

Grown in a way where I think people have to really know what their system of money is and Do things that speak to that. Speak to your timing, you know, speak to your rate, especially when you actually know the good thing about experience in the market and actually doing certain things is that you can actually know what it takes to do certain things. You know, gamble, you gamble, guess and spell. So you know if you want in x time, how would that go? So you cannot have to put, well that's how I look at it, to put that in perspective. Me know how my time stays, me know how my, you know, what my movement is like, what my method is going to be like around certain realities of investing,

then you just have to work with that. It's not magic. I think that's a deeper side to when we speak about how personal investing is. Hey, we often say that, but we speak about that from a professional or what your goals should be, what you specifically should be doing in the market. But then when you get beyond that, you start realizing,

oh, yeah, how investing changes for me specifically and what I can do. And that takes a lot of what you actually do. It shouldn't be going faster than you think. I said shouldn't, I don't know if that's too preachy, but in my opinion, it maybe shouldn't be going faster than you can. It's a lot of figuring out at the start about how fast you can actually go as a person, what best for your life, what best for you as a person,

and what you need for your money. Yeah, and I'm gonna say it's not, and I like saying whenever you say the things, so I know where it go. Yes, sir. But you come from risk, you know what I'm saying? You know risk up and down. Yeah, man.

The market that we see now is not in terms of risk power. You know what you've done outside of it. Yeah, yeah, exactly. So me kinda... Seasoned. Me kinda chill when me say, alright, 5% down after so long, okay, cool. I don't know nothing to me and when I put my method or whatever I'm looking at as to what I'm doing then I'm not really worried about it. And it's like, see if I just invest like, oh well this is a good company so it'll go work out. I'm not doing that.

I don't really have the big picture already. I probably have a real reason why what exactly am I looking at. And also just understanding what do these things do. You know, what does these things really do? And what does my money, how does my money in that market really work? Yeah. Isn't it? So, I just, I'm here to look for it.

I mean, I've been, I'm being vague because I just feel like I look funny I mean I've been I've been I'm being vague because I just feel like this is the start can go I mean you go as in depth as you need to right yeah you might start talking and you realize and keep you realize how some big company shares and move up and down because such man that based on what you're saying so I don't know true the wealth is often private. I leave you in the privacy, sir. this is definitely going to get into company wise. But I guess I do have a one, two company I necessarily want to talk about. I just kind of have a just approach, market approach maybe. And for right now, I'm very happy.

I'm very happy with the piece I see things. I'm very happy what in this position I'm in. I'm kind of with the piece I see things. I'm very happy what in this position I'm in. I'm kind of happy how they move because I am anticipating based on how my money is set up that I'm comfortable with that. It's stuff that I don't mind saying what I'm doing because I have my points around it. So it's good. I have my points around it. So, it's good. And so, I'm doing my DCA in. I'm going to put up two points around it. Wow. It did be what you want right now, so it's good.

Yeah, I love that. I love that. It's funny, it's funny, what he's saying, I mean, he's using terms that maybe not everybody, but dollar cost averaging. I have, in the time that we've been gone, I think I've come to a great appreciation of that. Oh God, I mean I always liked it. It was always, I mean I teach, when I had to grow up, I teach it as one of the, one of the ways, the easiest ways for anybody to do it. But I teach it as thing that people should be doing is savings right you know the savings account thing is it's always been terrible

um it's it's it's no it's no better now uh so the bca for me I think I've been now as like the best thing like if I was talking to a child I was teaching them how when we were kids we were taught to save I would I would teach them to be seen I teach them to balance average yeah I think about like kindergarten and mostly primary school days when the banks used to go to the school and the bank books and whatever and I think about it. Exactly. Exactly exactly exactly exactly and in fact yeah some I think about it a couple years ago and I don't know what those charity events I'd spoke to some of the some some um I don't know the terms it's probably some crappy term but you know kids who maybe don't have a good home or they're in state care or whatever um and it was a charity thing and like I'm wondering or did I emphasize

enough the importance I know I spoke about it and I know that they love the session, I remember them loving the session, but I wonder, no, because no one comes out to anybody young. Like there's some of the small things that I immediately try to have them understand, that any child can understand. Value and the longer tail of value and how to exploit that, if you will, which is what dollar cars have, which allows you to do. But you still obviously have to pick the right. Yeah, you still have to invest in the thing. Yeah, you still have to pick the right. It's still a matter of, yo, in the next 10 years, 20 years, will this thing be doing

what I want it to? Or will there be value for me on the money I put in it over that long time? I don't know, it's been been a while so it's good that maybe you're getting the same old lesson I get from people but it's the same idea of long term. Over this long time I'm not safer just because I waited more because I put this money in this one and it's been on for 10 years it's not better off automatically on the time being longer. That's like saying, boy, if you bought Sibony at a certain point, I would have easily used Sibony, but Sibony you see better days now. But say five years ago, you're a 20-year-old out of Sibony, you're not happy.

years ago, you're a 20 year old, you're not happy. You see a thing all the way down over the 20 years and a lot of people probably held on just because the thought was in time it's going to be better. Not necessarily having a, yeah it was better in time, but then the path that they planned out for it being better wasn't necessarily there. It was, as you often, again, back to the 80s, accidental profit. You were sitting in Sibonni Lagna, you know, that the thing worked out for you. But three years ago, you were saying, boy, I hope this thing stops knocking up a kitten the way it is. Yeah, but you have to have a realistic conversation with yourself about what you're doing with that.

Where is the value for me? Well, what am I actually getting? What's the thing that's going to give me the value I want for my 10-year investment that I've been making? Yep. And it wasn't, see what I saw the hotel buy back on them good. Right?

They had the land and the land. They even sold the land and all those things. So it just looked not pretty for a long time. Eventually they saved. If you had that in mind, say you were 10 years ago from today buying Sibony with a thought that, yo, this thing must be better because somebody will buy it out and what they want, then here's the reward

all right then i then i hear mashing my con because obviously i mean one sec are you hearing me double up yeah man you're solid on this side so i'm hearing myself i hear an echo on myself one sec i don't know what it is though. I might just stop still to element a point. But yeah, then I'm mashing my icon because obviously, I mean, the C-bonnet thing. Yeah, yeah, yeah, yeah. Being on that one thing.

Hard. I'm annoyed. What I'm saying here. Yeah, yeah. Yeah, yeah. So you're mostly profit outside, right? Oh yeah, more than once, more than once. I certainly pay the price for predicting that one.

It's so funny. After I've gotten so many hits about the Sibony thing, it forced me to be able to explain what my investment thesis, I don't call it that, but my investment thesis behind Sibony was, and it was simply, eventually, somebody was gonna come along and buy this shit. Work testing is gonna show its worth. And he's gonna rush into it and I say that when it was at 10 cents, 11 cents, 12 cents, what close today at? What dollar something? I mean they get bought, they get renamed, they get new logo, new board, new people, new revenue, new profit.

It all have plans now. It all have plans now right? $1.26. Can you imagine that? Coming from $1.12. It all have new shares in the market. Yeah boy, that's a good segoto. Yeah, probably, I mean, a dollar 26 coming from 12 cents. That's what. A nice 9,500% profit increase. My word. Yeah, that's pretty nice. That's pretty nice. Thank you. Yeah.

And Lopo, you're serving as a great early guest man, because see, you make a point, that's also good. Also that dilution, right? They have issued some new shares. And that's one of the things that got even more popular while we were away. We had predicted that eventually, one of the dangers of the three-letter word

that we don't like is that it's going to become more and more popular and companies are gonna see it as the default way to raise career years later. And it of is. Even when it doesn't work. When you say it doesn't work, you see that's funny. That's another that's another thing that I've that I've shifted how I explain my view on it.

Cause like you say, it doesn't work. It doesn't work to you. It doesn't work to me. You want to happen. You want this thing as an option for your money to go in because you think you want to get some good profit outside. But why? That's not their amount. They're not there thinking,

yeah, we can make a loop for some money. Exactly. I think that's a little bit of some money. Exactly. I think that's- We're raising some money and this is the best way for what I want to happen. Exactly. Okay, so let me define- No, hold on, just to finish, I find out,

just to make it clear, when I say it's not good for you, it's not good for me, it's not good for us retail investors, as you see. The evidence is there for- I'm gonna not good for us retail investors, as you see. Everyone's is there for- Everyman preach again. All of them, yeah. But what I wanted to make clear was that it's,

the people who do it consider it to be good for them. Yeah. They're only thinking about their perspective. And I think- In this musical democracy. Yeah, but it's not really a democracy. You get enough votes, so you're good. There we go. in this musical democracy. Yeah, but it's not really a democracy. You get enough votes, so you're good.

There we go. But I found that saying it that way allows maybe more people to understand what I mean, because obviously it's been quarreled so heavy. Yeah, we stopped talking about it. It's the thing, yeah. The thing is, I like, I like me.

The way it does it is to me what it is. I say it that way because it, it somewhat removes my personal, it doesn't sound like what I feel anything from the night. It's like, I think it, it, it easier allows the conversation to happen without the instinctive quarrel that typically comes from it. Yes. Yeah. that's that's that's what I want to say. I want to tell you what I'm saying, but boy, it it it if I say that sort of way it very quickly starts with a disagreement and then we're arguing about better and blah blah blah. It was never the conversation.

Yeah, the people start moving the goalposts, But while we're also in our silence over this time, we've seen the effect of them, right? With no Brick Dock influence to touch them. I like the way you say that. Yeah, I remember that being one of the strong points for, hey, let's take a break. Since it's thought that is let's show let's put some control on the experiment and leave it on its own and you see what happens and yeah r.i.p to everybody who's going gonna go through that but yeah i definitely don't want to have to spend the whole of this evening talking about that. I guess I think... I don't think we either of us are looking for that.

We're having a nice comeback today, you know? Exactly. Lopa did cut you off though. What were you saying about your definition of it? Oh, well, I was just saying my definition of it working is the parties who are doing it getting exactly what they request they want it out of. They're good. It's me Vex.

No, I mean, yes, that's fine. And that, again, that can stem from the 2023 conversations about this. So that's fine. But I mean, even in the outlay and the plan that entities that have done it, that they have, there's been some shortfalls on the success of it, I would say, based off of the targets that they had. So even the execution of it to give companies what they would be desiring or need as the argument is often laid out as to why this is being done, they're not getting the funding for it.

It's a thought for all in the goal. But would you say that's a factor of the thing itself? Or just things around? Which APO hasn't necessarily gotten the funding? 138, Tropical, who else? That's enough for me. I don't need a big... Yeah, well, I think I would have to re-water the factors around that. Everybody else can raise them APOs and get what they need and just two of them really get through and two of them are reset ones yeah but tropical i would say the numbers re-released and what they

were talking of some people i don't know how deep that goes but i would say it very likely goes a good way like i can see a fun saying boy that shaky stills. Well, consider- I mean, the arranger, the leader, he just said that was shaky stills. Yeah, but I would say- But consider also the effect of that in a dynamic, meaning not just did they say it was shaky in their,

they didn't say quite that, but the implication was there but consider that how they did it was that they returned all of the people who applied unless those people specified that they weren't they weren't true yeah yeah so that's like a default that any money that we get or it can be a can be seen as a as a strong factor to why somebody would say, okay, yeah, I'm not going to... A good amount of money would say, yeah, nah. Yeah, I agree.

Maybe I'm harping on too much mental memory from 20, 23 times at World Conversations about these things. So, I don't really want to dive into it too much. I've just, you know, kind of enjoying being a spectator to see how those plays play out. Mm hmm. Oh, that's fair. Right. I mean, very often in the market, that's what we are.

We're often expected to do more, we're not buying everything. We're looking at things and we're saying what works for us, what can work for us when we buy. You kind of have to be a spectator more than, you're not gonna buy it for the sake of it. Very often you're not in this thing because something else is just better in your mind. Yeah.

I mean, just, I mean, for me to wrap this up on my side, the the whole conversation really just from comes from our interest in the market and being invested in the market. I don't actually care outside of that. Like I if I see something that I say, well, this on a macro level, I think affects the market in a way that probably can affect how I interact with the market, then that's the observation and how I will observe it, isn't it? But outside of that, yeah, it didn't really affect me. It didn't really affect me.

I don't know if you're hearing me again, can I hear you? Yeah, I hear you. Alright. I mean, I get that. I feel like I hear some... some... I don't know. Tired of this. in in love of ice around if you topic damn it's been a while and still yeah yeah yeah it's probably one of the things that make me saddest about the market though because it can uh i remember if you go back to you know

we've all said it can kill a market and um it has done its part in terms of damaging a lot of what we've gotten so far uh and it and more yeah it and it and more just it's an it and more just not only does it hurt in a moment I don't want you to be seen as the next thing yeah for the jokes I mean no we can't hold the jokes I mean it's still a podcast I'm still in chai it's not the news it's all is all. I just don't want the APO boogie man be taken as everything you're saying in that moment. You say you do it fast and it'll be taken as why Randy said APO mashup the market. This is apparently anything that match up the market. By the way, again, if anybody wants to join in or for us if you're back in a while, send a speech request

and we're more than willing to have you on, have you talk and hear how things are and join in. You know, we touch as usual, we still love the market. We're still more than capable of talking about anything that you want to speak about on the market i don't think they're not understanding the market any less and i certainly hope i have understood the market any less so yeah and the market is still fun the market has been an amazing place part of why we we're back now is just because i think over the last few years just seeing the

doom and gloom after a while it, it's like, you know, depending on who you ask, you think there's nothing good happening in the market. I mean, shout out to the grow guards who have been paying attention to the market the entire time I've been in the market, I will talk, I will still, I mean, they haven't missed brick talk, they've gotten, they've had every week, not every week, well, every day, because we're in there talking every day, I'm always in there. And I'm, we've also had, we have sessions sessions every month and so we have deep market conversations every single month I've seen the profit I've seen the money made I've seen the people who grow from from

beginners to more adept beginners if you will that's an inside job but it's great seeing that and then you step outside of the group and hear people talking about things in the market tear it down Has that always been the case? I know what I've seen a certain segment I feel like there's always been Again, two sides of the market One side looking at what can go on

and one side looking at what's wrong. I think it's very easy to fall into the what's wrong, especially from a person, especially from a... If, I know, I won't say outside, but it's not actually outside. It's from a... How do I best put that? When the market is somewhat cursory, it's somewhat of a satellite. It's there, it's within your view, but it's not necessarily something you pay attention to to a certain degree. It's not baked into your life where

you're always on the market or looking at certain things. You hear certain things, you get a lot of influence from the crowd being generally pessimistic. The truth is in every market, most of the market is not where, it's not, I would say, the most informed. It's not like, boy, a lot of, it's not a sense, it's not a widespread, boy, I'm losing my mind, I'm fighting my words. Don't fight your words. It's not a widespread of information. It's not like, boy, everybody knows everything about the market and can...

There's always, I would say, a small segment that knows a lot because they pay attention to it more. They will need to go a certain level more because they make it more a part of their life. I think the truth is most investors would love it if they can do little and get a lot. Yeah I'm not wrong with that but I think if I can interpret what you say I think that is something that's coming from Hawaii, there's always a wider space right? Like you said everybody don't know everything about the market, everybody's an expert in the market, most people approach the market with trepidation and then when you get smaller, when you bring that circle a little bit more, you make the circle smaller. But then the people that do know,

the people that pay attention to the market, people that speak on the market, I remember once maybe last year or a year before last somebody's talking to me and they pointed out something, you know what I was doing, I was doing one of the advanced grow-out to chat. We had our chill session I think at night and it's like on the first time it actually felt bad for having stopped Brick Talk because they were saying something and it made me realize how like think about it that night just thinking about the local market. Let's go back four years ago. Outside of excitement around an IPO, who was really saying anything good about the stock market? Not much conversation that's centralized. So then we have an issue of just what, for

the most part, outside of certain, outside of a smaller space of people that are really put a lot into it so they they can have a certain they can know certain things i mean how much time news some come in the news and it's news when it's been out for two weeks well yeah well thankfully i am biased the grub that's know that we don't believe it like if the news I'm biased. The grub that's known that would not believe it. Like if they knew, the news is rarely about the first place that you get it from. But what I was thinking about is that within that smaller circle of people who should know, that's where a lot of the negativity comes from. Because most people look to the people that they know or think understands the thing better, know the space better. They look to them to tell how things going, right? And my thing is that that's that's actually a part of the

crowd situation where it becomes a thing where you're looking over your shoulder. You want to hear something with the mouth. You're not checking certain things. So then when you look to certain people and you assume, you know, you assume, you put things on them. You say, boy, I think this guy's paying attention to this thing to the level I would love for him today. But he just repeat, he probably isn't.

So he's probably further along the curve than you, but it doesn't mean that he's, boy, he's far enough, you know, to have the information and certain and have a view of certain things to be looking at it certainly is it's like you're asking randy about a certain level of short-term investing that randy does doesn't do yeah sure me you're so that's all him though yeah i mean Yeah, I mean, I suspect that most people here, that's how they do. Yeah, well, as always, the level of knowledge in the max they're looking to hear whether or not an event or happening or just the overall state of the market is good or bad and it's almost like anybody asks it's rare that you hear anybody say that the market is good and i wonder why because the market has been amazing. But Taylor too last time, then it, I mean do you really wonder why?

The truth is like I wondered why and then my style you know I don't just wonder and leave it there I wonder then I checked and I look at it and I work it out and I can I have my own yeah I see I think I see why and that's part of why we were back too because I'm like yo if we leave it if we leave it to them they would have mashed the whole place up they want to tear it down until you say dead completely burn it down and then say how come there's nothing happening that's a part of it it's very strongly I mean because we I mean we're one of the only places where it's not a large amount of places in our market

that conversations happen to a certain degree. It's like, you can count on one hand, how much things like this, how much programs or events like this happen within our market? Very few right in fact in fact when we stopped It kind of just stopped and then I guess the market I don't know. I don't know but that's part of why it's back

So yeah, you know for the doom and gloom, there's always bad things in life, but there's also always amazing things always amazing things happening. And yeah, I think, I think like even over the last, was it the last month? I say a virgin, a virgin get cussed, dog rotten for pointing out some things. And you get cussed over, I laugh because I say you get cussed for two and a half months and in that time on the market You make two and a half. Hey Randy, you're tripping. You're tripping in and out there. I'm sorry. I don't know what to do about it, you know So I'm wondering yeah, not so sure probably is on your side it might be on your side Yeah, if you're not here, let us know no, but yeah, if you're not hearing us, just let us know.

No, but yeah, it's a, it's a, it's a surprising thing. Like I said, Bridget and I see in and get close to an hour and a half months and I make two and a half million in that time. And I have to laugh because I thought you're doing the time that you've been cause you've literally made that money. And if you depend on who you ask, and I'm not even talking about the wider public here just if you act within the circle of the investment circle chances are you know here say can happen and the funny thing is that like it's a special two and a half months there's nothing earth shaking that happened between what yeah April May and June I think I think that's part of the problem. In why we've had things that have seemed or shaking happening.

We had it happen for a good while. Pre-2020, it was IPO season. And after COVID, finally I get kicked to the curb. We had IPOs coming again. It's a manna flowing from the heavens. And then, yeah. And then we have all of that stuff. So, if it's not very much,

I feel like other people look for quote unquote extraordinary events. We've always said, we even say this, bro. It's not going to be the typical regular what's going on on the market for things already listed that catches a lot of people it's the heavily marketing things that's putting in front of people's face that that's going to take that's going to take up a lot of the conversation another thing that would in truth we've spoken to the boring market for a very long time now.

From just two of us on the podcast talking. And I think that has a positive effect because we actually had a conversation about the thing. Yeah, man. It changed the temperature of the entire thing. And it allowed regular people to hear about the market and understand it in a way that they can understand, they can approach, and it wasn't just doom and gloom right yeah i mean they think about it the doom is new bro i don't know the doom is new but the doom is it isn't new it isn't new but it got to extreme levels boy oh yeah man it gets extreme levels very difficult difficult to be a man, bro.

Yeah. I think that's just the market. Again, it's, again, something we've always said, boy, this one should really be blast from the past. Yeah. It's very, it's people generally have more on the risk of a thing more on opportunity of a thing.

Which is human nature, but yeah. The fear factor is way more prevalent than something can actually be good for me here. More easily becomes, wow, I might lose money and I'm just going to take that as the BR in that. Okay I will take the route out. The thing I'm doing is that in my mind is I can't lose money not doing it. I can't lose money not investing it in a lot of mine. I guess so. Well, that's one of the good things I always wanted to get,

I want to get an, I want to encourage anybody who is on, especially if you're new to investing or you haven't been, you've been out for a while and you're looking to come back in. Send a speech or a request and I will, I want to hear your views. I want to hear how you guys are seeing the market now, because I know that in some ways,

I'm out of touch with maybe the regular market view because there's, after a while it's just hard to list the people telling me that the market is terrible, especially when I know better and the market isn't terrible, it's not been terrible for me, it's been a wonderful year. It's been a wonderful set of years for some of the girl grads also. Even though we've had hiccups along the way, I mean,

look where we are now, look where we are now. Look at some of the things that have changed. I mean, if you we are now. Look where we are now. Look at some of the things that have changed. I mean, if you think about the conversation, sorry, we've been going on so long I don't want to cut this point, but I think we should. Let me ask Leon Stark who joined. Leon, how you doing? Leon, what's up?

Hey, blessings, man, blessings, man. Welcome back to the Woodstem. I can't believe it's been two years. Two years, me neither. Yeah, I feel like it's been longer. It feels like two years. I feel like it's been longer. But welcome back to the APO Buggymen.

Oh wow. I know, there's a lot of bugs. It's good that you guys stepped away. As I say, you allowed, you know, it's good. It's good. It's good that you guys stepped away, you know, as I say, you allow the some control in the experiment, you know, because it was being said that boys them guys are a takeaway interest from the APOs, you know, but let me just say something on that. You were talking about it earlier. I just wanted to make a point. You were talking about it earlier. I just wanted to make a point. So I've been to enough AGMs to get a good view in terms of management perspective.

And most of these listed companies, management will let you know that they're not particularly concerned about their company share price, you know, they're going to go in and execute and do whatever and that's what is important to them. The share price not at the top of their agenda, right? So unless it's a company that uses its shares to collateralize certain debt or, you know, use it as security otherwise the share price neither here nor there to them right but the APO is a very good way to raise funds you know relatively cheap easy you already listed so does a matter issuing some additional shares it's it's like

the go-to but you know when you consider on the part of investors you know you and me and everybody else you know a lot of us are sitting back and saying why when last we invested in the APO and got a significant positive return you know a double-digit return never and then you step away and say not even a double-digit digit return not even a positive return when last you know never it's never happened well sorry you know interest is just naturally fading sorry to cut you sorry to cut you sorry to cut you on that point but let me be accurate it's not never there is one the VM's share price not VM'sMS, KPI REITs. I mean, same thing, but KPI REITs share price has risen back above the APO price.

It's the only one and started maybe six or so months ago. And in the group privately, those guys have gotten so much value in the time that we've been off, because it hasn't stopped for them. And I'm a lot more open there. hasn't stopped for them and I'm a lot more open there. I talk a lot more and I give a lot more detail there. I said to them, I bet you one that they're going to do another APO and so interested parties may have to manage the price

upward in order to, so manage the price but like it bind up which is what if you care so much about your share price you'd have to do or if you're planning a secondary so you don't want to do the raise at a lower number and have to issue a lot more shares and dilute more blah blah blah then you kind of have to bring it up and so said so done right um so i just want to cut you and point out that's the only one and i don't think it was very well supported the first time and i don't know if you'll be worth the support again but outside of that one literally every other one is down and drowning and very well supported the first time Right, well I can only speak for myself. If you're tracking investments and you're looking at the performance of different instruments in the market, whether you invest or don't invest is based on the expected return. And if you have reason to believe that this expected

return is going to fall short of your needsudes then you're just not going to bother investing at the instrument. Understand? Even some of the more recent IPOs, they're certainly not like the IPOs you know that were used in recent years you know. So here's the point so that's a good point you moving on from the APO turbulence but moving to the IPOs that's a good point. IPOs have changed also over the last few years and that's something else that I predicted and said that would start to happen for a while. Once it that's it then I then I look like you've had less clear attractive options coming to the market right a company can raise X amount of money at Y price with Z amount of shares and you know the

cheaper that you the cheaper that you then I unmuted here all right yeah man it's a hear me cool yeah man we're hearing you know what you yes the cheaper that you you you value yourself you know. Go to. Yes. The cheaper that you value yourself. You know, so if a company, let's say a company is valued at 100 million. If they're fairly valued, I mean, what's fair value, right? If they have a PE of 15, and a PE of 15 puts them at an overall valuation for the company at 100 million. But they can stretch it, they can stretch it and come a little higher, right? They can go 20% up 120. Honestly,

at that point, that's a good, anything that they go higher at that point is the company possibly raising more money, right? And so what I think we've seen over the last few years is that bunch of companies coming to market way higher than the valuation, than their realistic valuation and the market correcting it. But the price of that is not just the market correcting, quote unquote, the market correcting, but also it stings new people who would have come in and been excited about just the term IPO. Like the IPO, I've never thought IPO is some, a company IPO is on its own and magical thing. You know, a lot of crap can IPO, a lot of crap has IPO. It's kind of that, the kind of push for higher thing. I mean, but privately we were talking, well, was with the Grow Group, was just with

you Danai, I was with the Grow Group and I was saying that my thoughts are like Ari Williams. No, actually I think I said it on the Limitless podcast. I think I said that I think that they're close at the time they're maybe 50 or 60 cents. And I was like, yeah, they're probably closer to like a 20 cent valuation in my view in terms of just the business that I see for them, my own personal valuation for them.

And they've fallen since, and lots of them have fallen. We've seen a lot of the IPOs that are headed back down. Almost everyone has been back down. Well, geez, well, some of them don't so far them off. We have Eddie Focal off suspended. The post-COVID IPOs not looking to have either. Yeah, well, Bill Boss, King Tyre, who is down is down, I used to laugh, I say it's like 40 odd cents, I don't know where he's at now in terms of that company, but I mean, at least

he's still listed, right? I mean, that's actually, that's actually a good, we could enter episode and just, again, another episode and just the new Kintire, the former I-Creat. Um, we've had, we've had, Ariel Williams, as I just mentioned, I think Ariel Williams closed today at, considered the IPO at a dollar and I thought that was extremely rich, but they gave them that they went for the max or the junior market at the time. They're now at 49 cents today. And just last month, this, they were at 42 cents. They're at 49 cents and yesterday they're at 44 cents.

So that's you looking at when that 40, in fact, I just used today's thing at 49 cents. That's you looking at, if you invested in IPO and you're holding on still from then you have lost 51% of your money. You put a million in you have, you have, you have, you have less than half left. You have 490 grand left out of that million.

And I wonder, I mentioned Ariel Williams because continuing just that point, I wonder if they wouldn't have been better off coming to market at a lower valuation. And even though, yes, it's going to be uphill battle for a startup, it's going to be uphill battle for a new company like that. Maybe if they come at a lower valuation, it would have allowed them to have some buoyancy in the share price. But you get back to that same point about, you know, what do they actually want? That

is asking them to not raise a certain amount. Just because I guess shareholders would like to enjoy a certain amount of coffee. And it was there? Yeah, you see that's the choice that you have to face. Do you as a company go for the most money you can get? And then the shareholders will come in have to kind of take a beating because you know you kind of valuing yourself higher than maybe the business can sustain in the near term. Or do you go a little lower and then, you know, allows a little bit of bubbling

in terms of people being excited because they've gotten something that's a little lower than its actual value and it's growing. And so you get, that I think is what's responsible for the wonderful feeling around IPO's in the years past. The 20, let's say from 2009 up to maybe 2022 maybe. Yeah, at least 2019 especially. Yeah.

And then I was saying, and then the 2022 boom once we actually got them back after COVID. Yeah, yeah, that I think has been the, what was responsible for it. And then even by then, I think by the time I had, I thought, yo, dollar was the last one. Really, actually, I think RPL is like the last, the people's, the last one. Really I'm They look at the business now, many quarters after that, and it has grown so much that if it was at that price, it would be cheap, right? And the price has continued to bubble. You can have 300% growth on the IPO price, I think, a few years later. Since then, not really.

Since then, everybody coming and looking for the max. And we haven't had anybody come and reach for the 750 yet. And none of the current players have reached for the 750 yet. That's also something I'm excited about, to see who is going to make the first move. Yeah, definitely looking for some strategic placement of stuff. I don't know, I was just listening to you just doing the rundown and I guess I would really need somebody very smart to explain some of the logic to me based off of some of what happened over the last few years.

Like something just seems way too simple. Like, yeah man, the one dollar will work for everything. Well, you cannot, the one dollar, you know, because the one dollar works because everybody understands. Well, you can't have the one dollar, you know, because the one dollar works because everybody understands it. But then what is the funny thing behind the one dollar is that then you require a little just a little bit more knowledge to understand that the price, the nominal price, the one dollar is just one part of the valuation. The people who are pricing it know that. So they deliberately price in a way where, yeah, we can, yeah, the dollar is not the important thing. So, I mean, Lab was a dollar. Eddie

Focal was a dollar. RPL was a dollar. Dollar was a dollar. R.A. Williams is a dollar. But all of those companies did not come to the market at the same valuation. There's wildly different valuations behind them, right? IPCL was, but the trend went to $2 and learned. But then they got the burn, I think, IPCL, not because they came at $2, even though even I joke sometimes I say to $2, but because I think that they came to market

at two retaliation. I think if IPCL had come to market, I think if IP sale had come to market, that's apex, I think if they had come to market at a valuation of $1, they would currently be still above their IPO price. Meaning same valuation level, same metrics behind it, but come to market at $1, right? Instead of $2, in other words, at half of the valuation, but that is asking the company maybe to give up double the percentage ownership that they did

or take half the money that they took. And that's where it comes back to that point that Leon was making that a lot of these companies, just the people running the companies that just don't, retail shareholders are not on their minds. It's just then You're not considered. Very few companies consider their retail shareholders and truly consider retail shareholders.

So there's the companies that are not even thinking about you. You're incidental to the decision as many of them have said. Then there's those who are giving lip service to the retail shareholders and not in a good way, just saying things to sound good. And then there might be just a very, very small few who actually care about the share price and actually care about their retail shareholders. I don't know that there are 10 of them on the market. But I could be wrong. You guys can tell me if you jump on, join in, send us speaking requests

and tell me about any company that you think matches that criteria. Or any company or any event over the last few years that we've been silent that you wanted to know what we feel about. Right, to me it starts at the top, you know. It's, I even think the, that the caring about retail

retail actually caring about retail shareholders that's again incidental it's because certain people are in an ownership position where their benefit would typically align things like going to the retail shareholders so i care about the share price i care about the share price and retail shareholders also care about the share price, I care about the share price and retail shareholders also care about the share price. I care about the dividend, retail shareholders also care about the dividend. So as long as what we want aligned then we'll all sound good and we'll be happy to get up. Yeah, so guys, then the girl grads care about the drive out of the vehicle. You're not the one driving the vehicle so pay attention for the driver. The driver of the vehicle cares about the cars. The driver of the vehicle is going not the one driving the vehicle so pay attention for the driver the vehicle cares about because the driver the vehicle is gonna do what's good for them

so it's all good when you want to drive up in the same place yes sir yeah I think a country bus at home that's right um I can't believe that the brick cutter himself is here and I skipped over him how you doing sir Phil and I skipped over him. How you doing Sir Phil? No man, it's all good. It's all good. He never skipped me at all. He was definitely in front of me. Okay, there we go. Big up Sir Phil. Big up. Big up. Good to hear you guys.

Back on the Brick Talker again. After so long. Good to hear you. So in the time that we've been gone, you're right. You said two years and I go check it, you know. I see why I thought it was three, because it is kind of three. I'm counting in my mind from from when we were doing them consistently. So late 20 mid to late 2022. And then after that, we had sporadic episodes we had breaks and stuff and like you have maybe one a month or so and then you're right almost to the day July 7th 2022. Oh wow.

Yeah. Yeah. That was the one with 2023. 2023 sorry yeah that was the one with limitless. I closed the tab so I didn't have it in front of me yes the one with limitless yeah but and even that was after a long break yeah so that in my mind that we really kind of eased off in 2022. That's why I said three years, two and a half years. But either way, yeah man, it's good to be back. Good to be back.

It's good to have the, it's good to hear the voices and it's good to hear the views. So in the interim, long time we don't hear you talking to us and the people. What's been on your mind? What's the hot topic on your mind? What you miss, what you like, what you think is coming? Cause we also care about the future as always.

I hope some high pills and right issues are coming. Oh one of those things is lame and I think one of those things is dead. As they're saying that Randy, I mean one of the one of the listings I've been giving you some already. As they say in that, Randy, I mean, one of the listings have been really looking forward to for years and years has been JPS, you know, but that recent development in terms of the non-renewal of their license come 2027. That's interesting. Boy, that does put a damper on that. Really?

We're going to have to put aside that. What do you think of that? Why? Well, unless there is some further development to say, all right, the current license, we're not going to renew, but we're going to relook at the terms and conditions. I have to hear that that has been renewed at some point and then I can say well yeah you know we can consider a JPS listing again but as it is now based on the information at hand. Yeah I see JPS out.

So Leon tell me something. Yeah. Energy pumping. So, Leon, tell me something. Yeah. Energy pumping? Well, I can tell. You haven't done growth, have you? No, I haven't. I can tell you haven't, because if you had, you'd understand. You have all the pieces, but you just

connect them a little differently. Let's look at it this way logically. The news came out that the government doesn't plan to renew the JPS license, right? The current license, power license that they have. So let's say that is next year, June. What do you think will happen in July? not suspect they will renegotiate in terms and the condition but I'm just saying based on what we know of today. Well we know of today that in July of next year I don't know that is June but I was using that date for it to be there's a way that we after you learn to look at these things so you notice I don't want to take the point I don't feel are then I was going to say around that I think I heard that nice that you it's one of the most interesting things

no interesting to me that I've been hearing the GPS dead GPS is out and I just don't see that way I see no differently. No, don't get me wrong I'm not saying it's dead or it's out. My overwhelming interest in it kind of taper off a bit. We're looking elsewhere at this time. So that's funny because you're thinking that the notice puts a number on the likelihood. What's the thing that's changed for you to say? Is it that you think there's no more listing of JPS ordinary shares or you think it would happen in a way you don't like? What's the thing that's changed from this information? Well even if there's a listing and I don't think that would change

you know it may not be in a way that I like anymore you know the licensing itself is not the problem you know or even the doubt of them getting back because as I clearly said there is no doubt that well they're highly likely to get back one let me put it that way right so technically nothing will change as far as the licensing aspect is but when you when when i did a deeper dive on certain surrounding factors i'm just saying the overall picture is maybe one i'd need to reconsider they were hold on what makes you think that nothing will change something must change because if nothing was going to change they wouldn't have they wouldn't know Yeah, they wouldn't have said that they weren't going to renew the license

Well, let them renew the license for us and then we can have this discussion again And that's how I know you never do grow up. That's how I know you never do grow up because if you're waiting if you're waiting For the thing to happen before you move, then you're going to miss out. This to me was the most exciting thing. Because something has changed. Exactly. It's like you just don't want to have an opinion on it

anymore until that thing has Been confirmed fully. Yeah. Once you know, it looked like both, right? Here's my thinking, Leon, this to me is probably the biggest sign that I've seen that the IPO is actually going to happen. Exactly. This is actually the biggest sign I've seen.

Yeah. And I'll tell you why. If you go through the terms of the license and of course the terms of the agreement with the company that the companies that own it, both companies that own it, not as it couldn't happen before, and not that there weren't certain things that would have made it advantageous to happen, but the fact that they're you coming in is Maybe JPS is an interesting one, right? If you go back to the very first day of trading on the Jamaica Stock Exchange in the 60s, the JPS preferentials that are listed now were listed then.

They've always been on the market. I think a lot of terms are on it. There are a lot of class of preferentials, a lot of terms around it. And I wouldn't be surprised if the non-renewal of the license is also maybe an opportunity for the entire corporate structure of JPS to be reworked. And in that there is an opportunity to maybe So we don't need JPS, we still need TELUS, but yeah. And then I was at this conversation tonight that, yo, what is JPS, right? If you look at it, we already get a good chunk of JPS. We have a piece through Wicton,

or a piece through the resurrected Sibony, AKA Energy. If things work out, one of my favorite billionaires, hoping that he impressed the right buttons, and I would get another piece of JPS list and that piece of JPS is about what 40 or 50 percent of the generation of JPS the overall piece of the country you get pieces of the thing listed before you get the thing itself listed which is in my view would be great. You get some abilities to participate.

You get that holy these to participate. You get that whole probability to participate. From now on, I mean, we right now, if you want to, let's say JPS was listed and you're an investor, you would be hoping to earn some of your future profits in either form, either cap gains or dividends, which would flow either directly or indirectly as a result of JPS's operations and profits, right? Revenue. If you think in that way, we already have pieces of JPS's revenue and operations, it's in the market.

Via Wicton, that's an obvious major one, but also, also, you know, energy as I said, and I said it and I realized under Wicton, there's another piece, the Wicton one is one that I've been looking at for a while. I have my fingers crossed there. But yeah, in some ways, J-Pace is already listed and in other ways, I am... In other ways, on either side, this is an unnissing in large base yeah man I'm not seeing

to me again as I still see in this thing and this is to me I agree this this is to me a good step in that direction this is to me is more to do what they want to do. Yeah. And yo, it's a hell of a, I bet in a hell of a gambling to say that you're not renewing the thing, but it's an opportunity for them to rework the whole of the terms. If they don't, time come and anything that then as I said, it's hard to stay in government with no light. Yeah, no, yeah, yeah, it's not hard to, I mean, we're not going back to the 90s. It's not possible. Yeah, it's not possible, yeah.

One thing that will not happen after June is it won't be lighted up. Yeah, yeah, and before you confuse the people Phil, I don't want anybody to get it wrong. I just said that June date randomly. I don't remember the actual date is June. Yeah. Yeah. But I just use that as a date that anybody could anybody could could could reference. Yeah. Yeah. I don't want to cut you but I see well we have the the the conversation. I've just been listening and I was thinking, you know, of course I have my own perspective that kind of relates to everything that's been said and a lot of people have kind of touched on it but no one has really said it, said it. And the fact is that the market and the excitement

around the market and IPO's and rights issues and all of them, it kind of built on hopes and dreams. I mean, I think in grow, one of the things you say is, is stocks, is is made up something. Yeah. We just made it up. When you go to the company's office to register a company, they're like, all right, how much shares did you have?

And you can pick any number. It's all made up. And so it's all built on hopes and dreams. So if we're all starved of any like hope from anyone, starved of any like hope from anyone like brick talk like what you just did by reframing the JPS thing for Leon that's the whole point like there are no one does that you know so I think that's the difference with Brick Talk. So the market is built on hopes and dreams and if no one's hopes and dreams can get a chance to flourish,

then we're all just kinda there. And a lot of things that would have done okay, probably not great, but at least okay are not going to do okay if if everyone of any interest you are yeah but that's all I was gonna ask it go ahead I was I wasn't raised by people who say chicken Mary Hart then you're when I was happy you know I saying? I wasn't raised by people who were like that so when I am happy I'm going to milk it. I don't think that the hawk is coming. I just think oh this is great I'm happy. If I was around people who were like, yeah, you're happy, watch what will go on,

then I'm thinking every time I'm happy, oh shit, the stock price move, it crashed right now. You know, um, and I think the optimism has left the market and the market cannot survive without optimism. Optimism make money. It can't survive without somebody that says, I'm doing such and such today. Yeah, man, I feel like I'm a little excited. No one's excited. No one's excited. So no little vibes. Everybody kind of just dead. Yo, vibes everybody kind of just dead yo what about this yo you see what going on where's the excitement where's the love for the market where's the love for the for the game I mean there's no optimism yeah and I know that a lot of things are happening globally and even locally that can put a damper on how you feel about the money and about stocks and whatever but there's literally

like nobody out there bringing no kind of light brother. What? What's that? the the the the the And the thing is, it's natural for people to look to somebody who they think knows better, to kind of guide them in their thinking, especially if it's something new.

And we think that a lot of people are more educated and more financially literate and blah blah blah blah blah, but there are people who still don't know. There are still people who don't know much that's true right when I was watching the the thing there the YouTube TJH thing did you see that lady I didn't want to buy the TJH and you know they said she couldn't get that much in the offer the other day and she was like hey can I still buy it no my bro these are these are the people who are out there looking for people to tell them you know what's what's what's the stock think about that is true you know Shea you're 100% right um you're right like I said nobody is really explaining

it nobody's really bringing it to the people in a real way I I, I, I, I haven't, I mean thank God I, I, I, I do it but I don't always intend to do it. I just, like I want, I always want to have a conversation with people and I, and you can't have a conversation if one party is lost, you get me? Now you're just preaching to them. So I always want everybody involved to be on the same level so that we can talk. So that, just like that thing that Leon said, I like that he mentioned it because I have be on the same level so that we can talk. So that just like that thing that Leon said, I like that he mentioned it because I have

people who would say that sort of thing. They hear it and then think again, it's framed in the in the place of bad news that yo, I can't sleep. I almost like I feel sorry for JPS since when I feel sorry for the light bill. I mean, I mean, it's actually a wonderful opportunity when I saw that news, I was like,

wow, they may actually, they may actually do it. I can't help, I can't help but I see the opportunity in every supposed bad thing. Another example that is the, I don't know if you hear about this shit, it wasn't really spoken about in the terms of the market but the airports the Mubi airport bond and also the Norman Manley airport bond the King Air bond it happened last year last year was when was dr niger Clark still the finance minister October October yeah boy October. October, yeah, boy. I hurt him every time. I hurt him. I never hate AMF before. Anyway. But when the King Air Bond happened, I mean, in the girl group, I was saying to them that, yo, I am hoping that they do another TJ. I hope it's a TJ. And it occurred to me afterwards

that I don't know if everybody can see that those two things are the same thing. The King Air, it's the same thing. To me, it's the exact same thing. King Air, which is to make sure everybody's on the same page. And apologies for screwing this up. So this is just off the top of my head. The, you know, when people fly in and fly out, there's actually a bit of the ticket that goes to the airport. And apologies for screwing this up, so this is just off the top of my head.

You know when people fly in and fly out, there's actually a bit of a ticket that goes to the airport, that's the fee, the government charge tax on it, so there's a amount of fee there. What the government has done is that they raised X amount of money, couple hundred million US on the market, on the US market or the international market. And of course if you're buying that money you have have to say, how are you going to pay it back? And the way that it's going to be paid back is that that money that is paid out by people when they travel from the ticket,

it is that source, that little tax, that little fee is going to be the revenue. And of course we have millions of tourists that come to Jamaica every year, right? More tourists come to Jamaica every year than people who live in Jamaica. Or there's a magnitude more. I think this year we might hit, more tourists that come to Jamaica every year, right? More tourists come to Jamaica every year than people who live in Jamaica. Or does it matter to

you more? I think, I think, I think this year we might hit or next year we might aim to hit five million and over four million tourists that hit the country every year. Um and so there's a little fee there and the fee is higher when you

leave. Pretty smart, right? If you don't want to go, you can stay. So, so the fee is higher when you leave, pretty smart, right? If you don't want GOMI, you can stay. So the fee's higher when you leave. And so what the GOMI is doing is saying, listen, let's say over 10 years, we'd collect 400 million. Let us the money know, and we will give you that money as revenue, right? Now, when it first happened, I didn't do all the math on it. So we're talking about in the group.

This is last year, and I was saying to them that, I mean, I haven't done the math. Somebody can do the math if they want. As payment. Correct. But I don't know if the flow, the current, the flow at the current levels justifies the level of money that they've borrowed. But then again, if you're thinking, if you're doing a loan over that many years, you would have to also quantify the increase in visits that you're going to have and the raise in the tax that you're going to have over the years. And that exact thing is Trans Jamaica. Trans Jamaica.

10 years ago. Yeah. Exactly. And what they did is they moved the ownership of the, technically in some ways, they moved the ownership of the debt and the facility out from the government under a made up vehicle. A made up vehicle. SPV. Exactly, yeah. And so that SPV is going to handle the repayment and that SPV,

which I'm calling the King Air, is the thing that can be listed. And I was hoping that they listed. It didn't't happen but then I said that they did a new one for the Mubay airport and Mubay airport for those of us who actually pay attention to that stuff. Mubay's airport in Jamaica is the real airport right? No I mean I born and grew in town I used to think so too but then I grew up and I learned better like not the airport near Port Royal is there because we're very low in Kingston, but Monte Carlo Airport is a real airport. Yeah, but there's a reason why,

to put it in uptown people terms, there's a reason why the flights to Mobe are cheaper from Fort Lauderdale, right? It's because there's so many of them all the time. The traffic. Exactly, right, and plus, anyway. But yeah, the Mubi airport is the real airport. And so for them to do that King Air bond, for the King Air sort of bond from Mubi, I'm excited about it again. And then this is maybe bringing the girl perspective into it.

I wonder that too much. But the government, this administration and then this is maybe bringing the girl or two months from now right That's what I'm saying. It's like, yo, they are very confident that they're going to win this election. Cause if you lose this election, the next admin can literally just continue what you've done and they will reap the benefits, right? Yep. Yeah. I mean, I don't like to touch too much politics, but I will say whoever does the best for the market has my vote as always. So, you get me?

As is my thing that my vote is for sale. It's on the JSC. You make it better. On that point, since we touched on everything tonight, I know we're touching all sorts of things, but the micro market, how you guys feel, that's one thing that I felt bad about. They announced the micro market and

I only saw negative reactions or disinterest. Yes, that was wild to me. Yep, yep. Yeah, that's lame. It's something we've spoken about before. Make no sense. Randy, are you hearing me? Yeah, we're hearing you now, Danai. Say that again.

Yes, I don't know. Something's going on with my mic. It's something that we've spoken about before. So in my head, I was like, to me, I expect because there's some, maybe that's very thing there, bias, because we because there's some, maybe that's very thing that bias, because we had that conversation before, my thought was that, oh yeah, man, this is something that people will be looking forward to.

And then I started like, it felt like, they're breathing through all this, they look at me, it felt like it was built up. I was shocked. What's the problem? People saying all kinds of things bro Like this doesn't make sense And them small companies The small companies

You just don't participate right? Right If you say something you just don't If it's not your cup of tea you just Don't. If it's not your cup of tea, just, wait. Don't participate in it. And the size. It was odd for me to see that, yes. I didn't, I truly don't expect that.

But why? The kind of my general sentiment I felt was that people are saying that smaller companies, big companies looking to raise less than $50 million are not able to, basically saying that they're not able to follow the rules. Not being able to follow the rules don't have nothing to do with how much money you raise or how much money you make as a company. It just have to do with you not following the rules. I don't understand. Okay, but to go to the contrary, I don't think anybody's wants in, if I have a sentiment

out there that I'm not this certain type of company isn't going to follow the rules. Nobody's writing that in their prospectus. Like, hey, I don't think we can actually meet these standards that this thing is going to have. So if that's a sentiment I can understand, represents around the fact that hey what is going to be the standard and the experience that people are having with smaller companies that they stay on the market etc etc. But hold on let's not say that what's the experience with smaller companies are following the rules? Reports not being able to be made. The majority of those are large companies on the main market.

The majority of them are large companies on the main market? Okay. I will take that to the main market point because I don't have that in front of me. Shout out to My Money J. You can check out My Money J. I don't know if it's all main market, but majority of that is larger companies. We have people like Eddie Fokker, Kinta, suspended because of the same things, but those are the same issue, post-clinic, but we still have that issue in other companies.

Yeah, so it was PBS. PBS? That's not a small company. No, they're no bigger than that. Yeah, you've had and bear in mind, bear this in mind, it's something that I started to say around the whole SSL thing way back then and I'll continue to say it now. If you have banks you will have bank robbers. The existence of a bank robber don't mean that you shouldn't have banks. In the same way of course some companies aren't going to follow the rules and you won't know until you list them and then don't follow rules but that don't mean you don't encourage them to and the way you get them to go better is to get them to go better to move better and if They don't follow rules you punish them. I don't respond to the punishment you kick them off Yep

But you can go This thing is an it benefit why throw it all because it's a baby on the bottom exactly it's a baby on the bottom water. Exactly. Leo, look. Step along the way. Go ahead, go ahead. Go ahead. I was gonna say that you say this, Loko.

Just generally. Yeah, we're taking the general point, and as you said, but you, I was going to just point out like- I'm just being devil's advocate, by the way. Like, I actually- Yeah. Yeah, I just surprised.

In fact, I'm deliberately not even giving some details. It was just, it was surprising to me to see that sort of thing. Especially that it's being said now when we have the experience of the junior market. The junior market. That was so successful. It was getting the same frat. It's crazy to me.

It has been so successful over what, 15, 16 years, the last 16 years. Look at companies like HoneyBun, the last 16 years yeah look how many look at companies like honey bun the last good company then start out as really small companies and look at them yep bro gold post move if you mean really i mean we can do that jc up in the thing there the duner market limit right the government up the duner market market limit. Right. The government. But Jesse has lobbied for it and shout out to them for putting that out. I was so excited about it but no, no I'm like I'm wondering why nobody's going for it. I thought they'd be, I was hoping that they'd be going great guns. you'd be excited. There are so many companies that can get $500 million right now in a rights issue.

I hear people saying that they can't. They have the smaller companies. They don't have a movement. Somebody has to take it up and run it and just do it properly. Run with it. Saying the smaller companies can't afford. That's not a nice statement in our political climate.

I feel they're running the thing. So go back to what you said, Phil. Go back to what you said. Go back to what you said, Phil. You hear somebody say, oh. People saying that the smaller companies can't afford the listing fees and the auditing. Why would the listing fee be the same as?

Exactly. Well, I promise you, there's no logic. And the audited fee, companies can manage it. Quote unquote, smaller companies is, I'm not, it depends on the company. If the company can manage it, then they can come to market. Well, in fact, I'm not of all the way, he can't, I... Get your money up or get your business up, get your business up to the point where you can provide the required

audited reports and unaudited reports at the required interval. Be able to show that you have... That's why you work with um you work with uh advisor before yeah yeah but hold on hold on Phil Phil I I I'm gonna maybe put a little bit of pushback on that not that I disagree at all but here's the pushback the auditors bill I don't say must go up but it should go up. They stand greater risk now. Yeah, and the increased video share responsibility. So remember, no, we know, while it has always been this way, this is not a listed company, it's just a company thing under the law. However, if a company is listed, it has the

scrutiny of being publicly listed. It has public shareholders to answer to. And those shareholders can sue the auditors if they screw up. No, we haven't, to my knowledge, we haven't really had that in no time recently in Jamaica's history. But you know, we are getting more litigious as a society and we. But we are getting more litigious as a society. And we should get more litigious as a society. I love that. And that's how you should sort the differences out that way. If you can sort it out amicably, you sort out in court. No.

So auditors should charge more. But these companies are being audited already anyway. Right for the um the annual exactly they're being exactly they're being audited annually anyway and it know you're saying that hey I have to be audited and the auditors saying hey we're going to have to charge you what 30 percent more 40 percent more cool you're. You're not listing for free. You're getting money. Correct. Money. You're getting money. So put that chunk of the money into the audit payments. And also, don't believe some of those excuses about them. Of course, it's rubbish. Of course, it's rubbish. It's an excuse that nobody questions. Because it's so implausible and we don't really have any journalists who Oh, boy.

We don't have we don't have we don't have the journalists who will necessarily dig into a point like that. We don't have financial investigative journalists in Jamaica, except for last week. I don't know. I journalists in Jamaica except for last week apparently. I don't know how, I tried to avoid it, I don't know how. But we generally don't have that sort of thing and we don't necessarily have it pointed at companies. I mean think about it, the joke about APO boogieyman is because this guy who sit down in him underpants in the yard talking on him phone online is the one who is questioning something that these multi-billion dollar companies say.

And all I'm doing is questioning and somebody with multi-billion dollar companies say oh that's somebody I'm happy with and somebody I'm unhappy, but we don't have like, you don't have a cliffhose asking, asking, oh god, even I am hesitating to mention a company. Look at that. Yeah. Look at that, right? The only person we really have strength for is Tyrone and Imelt, right? really have strength for is Tyrone and Imbelt. Right? Well, I'll say it. I mean, why isn't a strong investigative journalist tackling the tropical misstatement,

Tyrone Arreiz type of thing? Why not? Because one, we have a lot of fear in Jamaica. Two, also, if you think about it, I mean, I think the only journalist I would have who is truly focused, maybe, you know, 80-90% of the financial space is, is Kalina. And with money media, so shout out to her. And I shout out to her because my money.jsponsors her weekly markup date, my money.jsponsors.com. It's a wonderful website, it's a website for you guys and me. Anyway, but she's also doing a business.

That's her business. And it's maybe not in her best interest to be off some of the sources of our revenue and best believe the company's notice. Yep. So you're not going to ask, that's why when that stuff happened with that broker, that's why that stuff happened with that broker, right so you're not going to you're not about SSL I'm not imagine that because we only we only put things in the space of SSL extremely bad. SSL is not at a point where there's no retaliation there's no there's no conversation after

it because in the public view it is what it is now it's just bad exactly you can't you can't know you't know the point of SSL's problems. Exactly. But who you talking about never lose both money bro, so that is different. No, no, and don't get me wrong, don't get me wrong, of course, that should get its full airing, but it should get its full airing. I'll leave it there. However, I think that we need to move away from the extremes because if we don't if only existing extremes

We can never have a conversation. I can't say I can't say yo is this the best move for XYZ to have made as a broker When when when it's only oh but it's broker or it's broke. I's the best if there's no middle ground You can have a conversation and then who wins you know who wins I'm not sure I'm sure what I won't say but you know who loses us the market players the investors the retail the customers of these brokerage houses that's who loses because nobody nobody asks how come the best pension over the last 10 years has only grown 10%? Oh my God, you don't ask that because if you don't ask that you'll never get sponsored by the pension fund. You won't get sponsored by the brokers.

Right? And it's true, maybe you won't, but somebody should ask it. And I did my time asking some of the hard questions. Even I have backed off some of my time. Like, yo, I'm not trying to be the Jesus of this thing know I'm not trying to be I'm not trying to be the Jesus of this thing and kill Jesus yeah I'm not trying to be the warboat and I try to be I don't want to I want everybody if everybody starts asking just a couple more harder questions to get a higher level of service across the board right um and of course that comes with a whole a whole lot uh it requires a whole lot more understanding from everybody. But no, I see top visitors to the house always wins. Because we have this thing where we get stuck on the perceived wrong of a situation. And

we're not talking about what actually is happening multiple times. And then here's the thing, again, it's a matter of extremes. If we're always going to the extremes, you can't have a conversation in the middle. So you step on my toe, yo, you're for dead. How about, no, I'm just angry with you. How about, yo, you step on my toe and maybe you didn't know and then you go, yo,

oh, I'm so sorry. And I would have never gotten that, I am so sorry. If I jumped to the yo, you're for dead because I go, yo, you're for dead, they say, yo, who for dead? I know fighting, I will I will forget about that too and the same thing happening in the finance space. I go yo APOs aren't good for retail investors when I hear APO I sell. How can you say I will keep it going? And the long blow up and then what happens? Okay I go I'm going the other extreme I just shut up and then what happened to every APO? Dead. Dead. People money sink and then their people, I don't really worry about that. What I feel bad about is the people who in another universe where we didn't stop brick talk, there are people who learned about it, found out that it wasn't good for them, understood why it wasn't good for them, avoided it. And those people avoided losing the money

that the people in our universe have not avoided losing. And in that universe, maybe enough social pressures there that the companies went, you know what, you're right. Let's go back to the rights issues because the reality is that you can get any amount of money from a rights issue that you can get from an APO. And it's better for the retail investors. Everybody wins when you do it. The brokers will get them fee, the companies will get them fee.

The investors are happy, the founders are happy because them share price fly up and everybody love them in the streets. Also investors are happy because the share price fire and they love it. If you come back down, yo, when it was flying, you got some soul and you're happy. The company get their money, everybody wins. And all itch is a little bit of middle ground conversation. But if we're only at extremes, then you get extreme outcomes. And extreme outcomes haven't been good for anybody involved. And then that's, I mean, I made a tweet, I hardly even tweet anymore because of how toxic my corner of the space was getting exposed, right? But I made a tweet about, you know,

the whole demonizing and selling. And then I go, it's that sub tweet, of course, that's sub tweet. The people who pay attention would have seen over the years that the evil that Danana and I did over the years was that we talked about predicting profit, predicted profit, and the only way for you to get those profits

Is two main ways dividends which you don't have control over the company get at or cap gains and only to get cap gains is to sell Now if we have demonized selling What happens when people find out that you have been selling? You become the demon and that is just the extremes tying us up. So if we want to move away from being tied up in the extremes and go back to reality where people have to buy and people have to sell and people have to have sense in order to make dollars, then we're going to all have to do it together. And so yeah, that's the, I mean, I didn going with that sermon other than, you know, the extremes have gotten us nowhere and the people who know better have just quietly continued to make profits and the people who followed the breeze have been

thinking that everything terrible, right? And it's funny, it's good for me to keep things that way because, you know, it's great because it makes grow even more, it makes grow even more impressive, it makes the nice customers even more happy, clients even more happy. But it's not good, I think, for the overall market. Right. Of course, I feel good when everybody's saying, oh, dolphin cove dead. But the people who did grow that month and got that wonderful thing explained to them. Those are them who went on and spoke to the advisor and invested in it. One girl said, oh, she went into it and 50% profit in a matter of weeks.

I turn out that, yes, maybe the newspaper article was saying, dolphin called dead. But in reality, why people are still coming here and swimming with the dolphins and buying 20 US dollar water? Like that's a profitable business. It's not going anywhere, Right? And so if we're going to continue to actually grow as a people and make money as a people and understand the thing better, we have to move away from the extremes. I think that's a, if I can tie the

whole point up in a bowl, I'll put it that way. You have to move away from those extremes in order to get profit. Otherwise, it's just all sensible people going to make profit continuously. Agreed. Yeah, I'm un-delivered all things considered. Yeah, I don't know what the hell I thought there but damn yeah I saw I saw um boom jaw physics at his his hand up to ask a question I think but I don't know if you'm hearing or so if he dropped off yo yo okay there we go well go on sir good night everybody night night yeah um I actually just requested to speak to add on to the point about the micro market and just in terms of the different market categories like main market, junior market,

micro market, a big part of the thing that separates them is just how much money you're allowed to raise and so I think something that's also being lost is that we're assuming that only small companies would want to raise on the micro market when it's really just about how much money you can raise and how you can access that money. So all businesses need money. So I also think that people focusing on only small companies would be on the micro market and they can't do this and they can't do that. It's you're ignoring the fact that any company can go from the micro market and the possible rules for entry might end up being more attractive to a certain type of business

and at the end of the day the more things that are publicly listed is just the more opportunities to make money. So I don't see why we would be against more opportunities to make money. Boland, can you explain to me what we mean by not just a small business or a big business can list on the micro market like what can you I mean I mean I said that not knowing what the eventual rules for entry to the micro market would be but I'm just saying like if the micro market is only allowed to rent I mean raise only allowed to raise like a hundred million I think I said 50 I think they're capping it at 50 yeah okay fine what I'm saying is like you know I feel

like there is a wide range of robust and profitable businesses that would have used to raise 50 grand of course and I mean 50 million I raise 50 million. So it's like earlier in the conversation we were speaking about negative perspectives that people had about the possibility of the micro market and it was focusing mainly around smaller companies ability to keep up with reporting requirements and things. But I'm saying it's not just smaller companies that would list on the micro market you know that's what I'm saying. Okay so you're saying if the real cap is share cap not share cap but um raise cap yeah yeah yeah well it's not it's not just raise cap it's not risk cap because like the junior market was the junior market does have the share capital limit

not just raise what is the share capital right if you the share capital is over a certain size yeah you can but a large company could have a very small share cap if they especially if it's like a family company, a new company. Exactly. Yeah. Can we have companies that are listed on the market right now that have like very small share caps relative to their, you know, the size of their of their business? Yeah, bro. Most of the bubbling companies from back in the quote unquote bubbling days, the 09, the first 10 years of the junior market,

they weren't raising 500 million. They're raising 10 and 20 and 30 million. They're turning up so much space now. Yeah, like loads of them have, yeah, there are loads of companies that have massive amount of space to raise now and still remain under the junior market cap because they didn't raise that much. And I find also that you know when you have money you tend to think of money in a different way almost unrealistic because I put us right off 50 million or 40 million you know what entrepreneur would I love to get a 10 or 20 million right now let them business flow? Yeah or there's

many other group style businesses where them can spin off like an even smaller piece of them company and make a money off? Yeah, I assume that's allowed. Yeah, yeah, yeah. I mean, I, you know what, the real opportunity I thought, or I still think is afforded by the micro market, we always talk about wanting private equity opportunities in Jamaica. The micro market allows a larger, a larger, it allows a nearer step for real, more democratized if you will, private equity to occur. You can now find your bridging that have a shop that's run well and maybe you can go up to the junior market or maybe it's not necessarily interested.

I can't say can go up to the junior market limit, but maybe it's not interesting going to junior market limit or maybe not ready for that yet, but you make a private equity investment with them, you make some bonds, bonds convert, and they go to the micro market. They stay in the micro market for three years, and then they have to graduate to the junior market or move to the main if they don't do it, or they lose whatever benefit they get. I don't know what the benefits would be. We haven't heard that yet. I'm over here gesturing frantically in agreement with everyone people can't see me.

Oh yeah, which is I feel so dumb because we have the whole cameras going and I never activated it. Damn. Think about it. Oh wait, you and Dana are on a video call like the whole day? Kind of yeah, but I didn't get it going going anytime. I didn't want to delay any longer. So. I don't start, you know, because I've seen that. But like the thing about like so much companies at least, people don't know this, and they should know it because you see it so often, is a lot of companies that after they're released, they get a lot more financing use

that are not just listed companies, that are not just equity rates, right? So it can do more, so the same thing that would happen to like a private company that's like a private credit deal happens, then Asignus will more likely be able to go to a listed company and say, yo, need something, need some debt going for this thing you want to do, we can start to get better terms, I can go look at your company much easier than think that. Think about that in the market. Market now think about amount of companies that the thing right here I was saying about your you're starting out companies that need money. Company just generally need money.

That causes the bank problem of boy the people that need the money most have to pay the most for it. Yeah right. If my company need money then boy the bank will tell me 25% loan and how much can I not pay. But now if this company is listed and I can truly see what's going on in the company much easier because they have to keep up with certain things, then think about what will be a private creditor, a private equity deal happening. And you can do it now because this thing is actually listed and I can do some equity deals that maybe kick in when they actually go graduate and then go to a bigger share cap XYZ.

There's a lot can happen for these companies just on being listed versus before they're not really doing them all this with a timely manner so you can't really work with them or bankrolling them for certain things. Now Now, just way more opportunity to open up just by being in that space. So and then and then keep and then keeping it to other parts of the market that that creates that creates an even more sustainable pipeline for JSC, the listed company, to continue to make even more money. Yo, over the last two years,

when they say JSC doing bad, you know, and I'm wondering which JSC are these guys talking about? It can't be the JSC, the Jamaica Stock Exchange, a listed company. That company had its, what, its third best year last year, ever, in terms of profit, that is, in terms of revenue, I think it's third best year I was just talking about last year, the last two years since we've been gone.

They are actually, this year is even better. I mean, I say in the girl group that, JC is my personal pension company, right? I look at it as my pension company. But when I talk to people, they legit think that it's bad. I'm like, yo, you really think it's bad? Like it is down and soft.

And because- Down and it's soft and it's everything, and it's bad and it's not good and it's not advanced. Jesus! But in reality the market is quite advanced. I don't know exactly what we're talking about. We don't want to jump on it. JSC, the listed company is kind of like that teacher that you had in high school where the class are going unruly and the teacher say, yo, whether we pass or we fail, I still get my money. I still get paid, so you guys should pay attention. So it's like wait, so whether whether whether the stock is halting up or halting down whether

You know Insert whether the company CEO selling millions of shares some, you know Jase is eating off of that. This guy can't help himself Manos, Manos, you go good school in the United States. Manos, another your teacher that never said that. It's cool at Casey. Cooler man. The school at Casey.

Casey you know what I'm talking about? No. Almost. Casey. Oh my God. A lot of the things that are towards the advancement of the market, oh, I'll shut it down. Like how we gonna get to the point that you want it to be

if every time something come and say, boy, we know all that, you know. Boy, we know all that. Exactly. Or it's not perfect. Or it's not perfect. It's gonna hit that point. Part of, part of, I don't know. A big part of the, a micro market.

A big part of a, a big part of a, a micro market. Once at Danai, I think, I don't think Danai can hear. Danai, you hear me? I hear you. Yeah, sorry, yeah. Phil was just saying something. Oh, I'll go through Phil. Yeah, like, something like the micro market is, is exactly that.

Another advancement that advancement that goes towards making us an advanced market why would you fight that? I don't know how is that a problem? why wouldn't you you can't say that you want you can't complain every day

our market is not as advanced you try to bring more listings it's a problem you try to advance you try to get short things is a problem. You try to advance to... Shouting is a problem. That one has been heavily contested for years. We're not ready for that.

Oh, wow. The things that... A big part of the market is being quote-unquote advanced. The market is getting more layers. And getting a lot more interest. And both of those work together. You do not get more layouts without with little interest. If people are, if there's less people willing to invest in the market, look at the market as boy, I want my company there, then you're defeating yourself. We're really not getting there without doing these things.

So every time some company is out, it's a fight of how, why is not, it's not for us. Then how do we get to the point of it being the market that you say you want? If every time the things that come from those markets come here, you say me no all that. Yeah, but I know. it's a weird thing where we want the thing to be perfect but we also want to grow towards perfection but you have to come perfect first and then even if you offer it to them perfect oh we're not ready for perfection I you know you ever notice this is not that I am not ready for it like shorting I always find shorting so funny everybody said the

market is not ready for shorting they when you ask them they're like no I understand it you know I can do it you know but you know Jamaica isn't ready for it who is this Jamaica that you talking about bro? yep I can do it there so it's always it's always a othering it's always I am more sophisticated than everybody else. We never want to see ourselves as other people. Exactly. And who feels that they are ready for shorting? Those shorting people? Like what you are saying, the person on the other side of the tree, the person on the other side of the queue is not an idiot.

Yep. With different Yeah. Exactly. Different glasses. Exactly that. Uh I see we've had Tav. Tav joined and Tav hasn't said anything the whole time. Tav what you doing? Tav busy and spend money man. Same thing. What's up boss? I passed through Figuuna I want to yell up and respect and re-continue the thing Thank you bro

The market missed it and we can't take all our profit The market is your stuff No, no, no, me good I mean, not me, me, are you? No, no, no. I'm good. I mean, I'm not me, Miss Brickhawk. That's a man's saying. We have Brickhawk every day in our group.

So, I'm good. Let me tell you the reason why I'm good. You remember when I said I needed a bunny toe the first time still, you know? You remember me using a bunny up Brickhawk? I just wanted to make sure to bring it. But you see, Anaheim is still the reason why I really call back people. Anaheim is still the reason why I really call back people

Anaheim is the bag of madness you don't know me straight up and the bag of foolishness we are talking about in this space overall it's like nobody is dead feel me, help nobody you have so much groups and so much this and so much that and none of the groups them not do what they create to do.

You understand? Investments groups and them little thing there. And I can only talk about the one that I know about. But in the public space. You are not helped by the host or this place. Yeah. I don't want to trust somebody. Taff, what I'm getting is that, what you say, what you say, them not doing what they were

created to do. I suspect they're doing what they were created to do. Why? Them, them, that look like it last, you know, they were created to do. Why? They were created to do. Why? They were created to do.

Why? They were created to do. Why? They were created to do. Why? They were created to do you say? What do you say? What do you say? Them not doing what they were crazy to do. I suspect they're doing what they were crazy to do. Why? That look like it lost focus to me. Maybe what catch me is that maybe I was telling the public what it is doing but I didn't see that. You get me? But the end of the day, countless amount of times

I hear people say things and them say total rubbish and you know still no response you're not trying to straighten up a thing and make sense out of it or try to turn it into a profitable conversation nothing like that you know earlier I'm not a driver

I'm not trying to drive but the thing is kind of back and forth when you're not really talking about you know like what is being said and the whole doom and gloom thing whether it's sickening you kind of back and forth when you don't really talk about you know, like what is being said and the whole doom and gloom thing brother it's sitling the Nala is like everything

the most conversations you see are the most active you see in the space are when something bad happens it's like the whole map wake up when something bad happens so much activity, so much only other time you see so much activity when TJH goes to the moon

and the only other time you see so much activity now man it's not the same exactly you get me? the same, it's not as much it's not as much exactly and it just

and it just amuses me the conversation around David when that whole thing with David, but it went on and on and on and on and on. I'm going to say it's not something significant and something to talk about, but anything positive will happen. Don't get them kind of amplification.

What thing with David, Phil? Joke number. We will talk about that later. We'll talk about that later. We will talk about that later. We will not go around and say that they are already in there. They are already in there fast. You know what, sorry, on that point I think there is one point I want to make. Finish your point Taif and I will say it. Because I think a lot of people are worried about the privacy point.

I think maybe it works since were worried about the privacy point. I think maybe it's worth saying something about the privacy. The thing I'm looking at with that still is just that while the whole of the doom is gone, and millions are making, within people from the group, within the same stock where people are ball about. And you notice, man is right about the amount of market cap where wipe off and the amount of people portfolio lose and is at the total opposite of going into the grog group. It's just crazy. Yeah. Well, listen, that's why I made the joke about Dolphin Cove, you know, because I mean, you mentioned David after tanking because he wrote the article on Dolphin Cove

going through troubles and how it was written, I guess people interpreted it as Dolphin Cove going through troubles and how it was written I guess people interpreted it as Dolphin Cove going through troubles even I just said it because that's the background was written against it Dolphin Cove is listed here but I do own Dolphin Cove shares and it's been a while since I bought more and I was very happy that he wrote it because I bought more and I'm not used to making the getting my profits early and then the people in the grow group know because I've heard me joke about it all the time and the people who did grow for the last from maybe January or so also heard me joke about it. I'm very thankful for his articles because some of those stocks I wouldn't get it at those prices if it wasn't for him. So, so like, like I, I, I think that, you know, the dolphin co-validity, I just like the, the, the, the little Indian kid.

Um, it, that's how I feel. I really want to emphasize, you to emphasize how much of a, how much of a joke you're making right now. I mean, I know it's a real thing that's happened, but like, I don't know. Yeah. Honestly, like that is funny and real at the same time, but it's definitely funny. Bro, I mean, I can't, I don't know what the motivation was behind people selling to the level that they sold in the half-in-calf so quickly. But if you look at the charts, you see, you can tell the article came out the news came out and the volumes immediately increased and I was dipping

crazily it's a wonderful amount of shares get bought up and then common sense hits. That's media and the market they have a relationship. Under the law they do have a relationship. We're literally breaking news on any market and breaking meaning it is at the point where most of the market sees sees something and can react to it then that's when it happens. That's every market. And the interpretation of the event is where the real profit is found because everybody who interpreted it badly and sold provided a wonderful opportunity for everybody who interpreted it badly and sold, provided a wonderful opportunity for everybody who interpreted it sensibly and bought. And that's just how the market works.

And I'm biased in that, yeah, of course I'm happy that I bought it and I continue to be extremely happy. But bringing it back to that point, it was the negativity around it when it was being said. And I'm not just talking about in the articles here, I'm talking about like Tav mentioned in the groups, people here talking about like top of Dolphin Cove is going through trouble. The jewel in that company's crown is a little company in Jamaica called Dolphin Cove. If anything is gonna save that company,

meaning the parent company of the parent company, it's going to be the jewel in its crown in Jamaica. And if anything is not going to, if anything, if it doesn't save itself and it gets eaten up by its debtors, what are they going to go for first? They're going to go for the jewel in the crown. Either way, the best thing is the jewel in the crown that you already own. Why would you think that it's a bad thing? But I was, I have to admit that I was very happy that I was not there doing a brick talk explaining that to people.

Because maybe people would have sold all those shares for such a cheap. And it's still down low and I'm still happy. I mean, and listen guys, if you think, if you think that I'm wrong in my interpretation and you own some Dolphin Cove shares, feel free to sell it for cheap next week Please please I'm not I'm not hiding and telling you I own and I'm buying and I buy and sell all the shares that You haven't talked about on here and more Yeah, we're not pretending to be the market. We're really in the market. I Should point something out though. One of the changes is I would be in for a brick talk Is that we're not going for four hours like before, right? Somebody just asked that, Randy.

Oh, yeah, yeah. That's what the scientist thought. Yeah, we're not going for four hours like before. So we're now talking to you a little over two hours. If anybody, I mean, I'd like you guys around, if anybody new wants, come on, if anybody have anything they want, say we'll give you a couple more minutes and then I'm saying thank you and good night. We're not really thanking you and good night.

Thank you and you're not going to go chat with the grow out subscribers in the grow out group. I have a nicer conversation with them because I'm going to be talking to them. So if you guys want to talk to them, you can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel.

You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. You can go to the grow out channel. say we'll give you a couple more minutes and then I'm saying thank you and good night. We're not really thanking you and good night. Thank you and then I'm going to go chat with the GRR subscribers in the GRR group. I'll have a nicer conversation with them because I have some things to say. But yes Shay, what's up? If you didn't circle back to the privacy thing that we absolutely said we were going to touch it. We don't have to touch it but as somebody who has dedicated a lot of time to clarifying when foolishness attack, I'd be like, you know, who else is going to do it? Yeah man, set him up, don't get shot. Just that maybe. Yeah, I think it's a good I'm not going to be in the

group right after I done and I will navigate it less carefully there. But for the public, I will say this. I'll touch a privacy point. When the news came out. It can be one sentence. No, it's not one sentence. It is one sentence, but it will require a little bit more clarification.

So I'll say the sentence. When the news came out, a lot of people heard what happened, saw the things, read the article, and they thought, I don't want to play a secret. We were talking about the whole articles on the O today, the last two articles on the O today website about the market. The thing that I noticed that a lot of people in the public were saying

and in other groups were saying was how could the writer know, right? How did this information happen? It's funny, I think I said to a couple of friends of mine that that article has two articles, to me it has two articles in it. It has one article written for the regular people who are going to read it and get surprised and inflamed and make noise. And then there's another article written in there for people who actually understand this thing. I have sense. And that's not, I shouldn't say I have sense. And other people do have sense. But if you are, if you know this thing a little bit better. I think it's a matter of in-form perspective.

Yes, thank you. That's what I mean. It doesn't have sense. It's have knowledge about this specific thing. Or as I put in the GRR group, the knowledge that the people who read the laws, we've said this on Earnings Season over the years, that we've had conversations with a lot of people and somewhere through the conversations you realize that we're all talking about the law, but only we on this side have actually read it.

And I should point out, I'm not an advisor and I'm definitely not a lawyer. So do the research yourself. But the question that people had was how could they know? Is this like a breach of your privacy and data protection? And the thing I've always been saying is that the ownership of public companies is public information.

I'll say that again. The ownership of public companies, meaning companies that are traded on a public market, and I'm speaking for Jamaica here. Public classification of a company. Exactly. It's public information. No, a few other people, because my phone has been ringing off from the article, came out and beer WhatsApp messages and calls. So the response I often get is, yeah, I hear that. But what about trades? Well, I tell you to come and grow,

and you'll understand that trades is a shorter way of saying the trading in ownership of publicly traded companies. And ownership of public companies is public information. And when I say that, this is not my opinion. This is the law. It's under the law. Under the the law. It's in the law. Under the law, and it's in the law in almost every country. That's how public markets work.

They have to be public, meaning the ownership has to be public. Meaning, yes, you can go and check to see who every single shareholder of every single company that's listed on the Jamaica Stock Exchange. Now, here's where we get into the weeds. Over the years, over the years, it has been like so many things in Jamaica, it has been gate kept. The gatekeepers, those who know that it's public information have simply just yet

public, but we just it like there is no nobody has written any software hook it up with well I don't not written a software hook it up with cameras to do facial recognition on all the people who are walking in half a tree right nobody has done that they know if somebody were to do it write it put it on a little thumb drive, go in half a tree with them camera, stand up, plug the thumb drive into the camera and move the camera around and put it on all the people who are at the bus stops, you might think, hey, why are you doing that? You are breaching my privacy.

But the reality is when you're standing in public, you should not have an expectation of privacy. But the reality is when you're standing in public, you should not have an expectation of privacy. But because nobody had ever done that facial recognition thing before, to your knowledge, you thought that you could tell people, yo, don't take my picture. You can say it, but people have a right to take a picture if they want, as long as you're in public. They do not have the right to come into your house and take a picture. But once you're in public, they have the right to take a picture. In the same way, if you own a set of headphones that you buy on Amazon and you had delivered to your house through Mailpack,

free plug, I don't own any Mailpack, but I might. I'm not a fan. I think they might do an APO. But anyway, if you own some headphones that you have delivered to your house, that's your business. Nobody has the right to come into your house to find out what kind of headphones you own. But if you own a pair of publicly owned headphones,

then you should not expect that somebody can't find out that you own it. The gatekeepers have simply kept the ownership rules private to themselves, private quote unquote private. All right. In case I lose anybody, I'm going to say this part easily again. Ownership of public companies is public information. The law in Jamaica doesn't say that it should be private.

The law literally says the opposite. The law mandates it to be public. In fact, I go once further. The law says anybody, and I'm paraphrasing, and I'm not a lawyer, so look it up yourself afterwards. The law says anybody can request of a listed company that they tell the ownership rules as of X date. The law goes further.

The law says also, you have X amount of days in which to respond to that request. Then the law goes further. It says also if you do not do it within X amount of time you are guilty of an offense. Also the law says the officers of the company, I mean the managers, the senior managers and so on of the company, meaning the managers, the senior managers, and so on of the company who do not comply with the request are guilty of an offense. Also, the board of that company is guilty of an offense under the law in Jamaica.

This is the law in Jamaica. This is how public companies work. This is how public ownership works. The only reason that we are not familiar with it being this way, it's because nobody has done it before. Yes, it has been gate kept. Now, me personally, I'm not a fan of that gate keeping. Obviously, you know that, I mean, there's My Money JA. One of the things that's very exciting with My Money JA

was being able to always show the top ten and show the linkages between who own what. That's a wonderful feature that anybody can enjoy. I encourage you to check it out on My Money GA. However, while we show the top 10, because it's easier, understand this. The entire ownership of every single company, every single security that's listed on the Jamaica Stock Exchange is public information and can be requested from the companies and the law mandates that they have to give you the law also go one step further the law say you also can't you can charge for them to like you say okay well we can give you the ownership listing about is x amount of pages and it costs this much to print it the The law also says you can print it, you can print it,

but you can't charge more than x amount of money. I think it's something like $50 Jamaican or something like that. It is literally mandated in the law for the ownership to be public and you might think yeah Randy but that's at the end of a quarter when you give the top 10. No, no, no. The JCP says yeah give me the top ten. The law in Jamaica says your entire ownership must be produced on demand to anybody who asks and if you don't produce it, it is an offense. No, I'm saying this so that the entire public who thought that maybe there was a breach under the law can disabuse themselves for that notion. There was no, I don't know Al, the writer. I do know David, David was on our very first Earnings Caesar episode.

I just want, I don't even think that I had anything to do with that. Why I'm telling you this is just, I heard it so much. I think people should know this. And I want us all as investors, as we become better investors to understand and I want us all as investors as we become better investors to understand that the expectation of privacy that you may have had around owning stocks on the market, you should not have it. Now, there is a way to have some privacy, but that's on you to do. So just like how in that same half a tree example, if you know that somebody might walk

around with a facial recognition camera, then you can put a color on your shirt, put on your COVID mask and mask it every time you go in public. You have to choose to do that. It's on you to do that. There are ways that you can do the same thing. And people, there are a good amount of people that take very active steps to hide. I won't say there's a good amount of people. There's a small amount of the small money circle in Jamaica. Okay, okay, not Jamaica, but. Yeah. It's common for people who want to take that step. Yes, yes.

And even Jamaica, there are people in the small money circle who do know this. They have taken those steps and there are layers of the steps. There's like in my view there are about three layers to these steps and there are people who have taken all of the layers. Yeah man, there are people who take all steps. Exactly but I want you guys to understand this and one of the things I saw in response to the art because people say that, oh, it must have broke us who, who did must be the brokers who did, who did they did, they did leave the information. I don't know. Obviously I was involved in that,

but I don't believe that the brokers are involved. I'm saying, I can't believe I'm the one saying or that it would have to be, or they would have to be. Exactly. I can't even I'm the one defending the brokers on it, but I didn't get enough beat up as it is. What I'm saying here is that it is perfectly possible for that article to have been written without the brokers being involved at all. And I personally don't believe that the gentleman in question, brokers, betrayed any information about his trades. Because his trades are simply his trades in his ownership and the ownership of public companies is public information. So if you take anything away from this, take this. You should not have an expectation of privacy around your trades. Anybody with the right link or the right,

I don't want to say that with the right link, anybody who carries out the right steps, carries out the right steps, can find out that you traded two shares on this date at this time. The most that I have been able to do to help more outside of this thing that I just said to everybody, most I've been able to do to help everybody to have a bit understanding of that is that on My Money, J.A. we'll break the entire day's movement

down into actual trades by time. We allow you to see, now we don't know who is it and we at My Money, J.A. at least aren't interested in that outside of it being like a large owner of a company, in which case it would be reported, and we would tell you about the report once it happened. And we use our common AI tools and so on to help our paid customers to figure out big movements

and figure out certain movements and possibilities. But outside of that, you and me buying article shares XYZ, you might think it's private, but understand that there is no actual, you shouldn't have an expectation of privacy there. It's not private and people can find out without going into your account. That's what I want you all to to get, please. Oh, I hope I said it as clearly as I could.

Tune in next week. That makes sense. We're ranting about the broker though. And the funny thing about it, I actually tried to figure out why were the brokers calling in at the first place? Because another broker had registered and they were keeping the information.

So I didn't understand why people just be dumb on this world. Broker, broker, broker thing. The big thing here is an informed perspective. The thing Randy does say, I mean, I'm sure it's news to other people. Yeah, it's not only the news to other people. Why I just said that I, um, there are people who are in fact, almost everybody who I said it to, their initial reaction is to tell me no, I'm wrong. And somebody might want as far as to show them the laws and then them go,

well, I don't believe it. So I'm like, the law don't work off your belief. That's how it works. It's like them still are using opinion about it rather than at first it was about oh there's no history I don't have anything to prove that show the data show the data and when you show the data

it's like the world quiet and nobody is willing to challenge the data by trying to find something else other factors shout out to other factors I hope he's listening you know yeah i was just thinking imagine if the rich people's trades couldn't be seen how would we be about that you know the ownership because you know the funny thing is the funny thing is she from that idea a lot the funny thing is she a lot of the a lot of the the rich owners their their thing isn't sure covered yeah yeah because you can still find it

yes yes right because the outrage would be very different, right? It would be outrage if we couldn't see that. That's what I'm saying. If suddenly Chris Berry straight up were private information. Yeah, everybody would be, man. Then everybody would be up for that. It would be one share, 100 million. Exactly.

I have the same rights, I have the same risks. It's the same thing that's happening here. We just that, why suddenly you don't want to work for you like that. Exactly. Exactly. So it's truly a public market. It's like it's truly a public market where you might not like a thing, but that thing has to exist because there are the cases in which you need that thing. A good example is the CHL, the 27% that was bought by Kingston Warves. Well, I mean, again, shout out to the girl of God, Zee, how long have I been talking about CHL right but also and the people who've done people don't grow any people in the group but also CHL itself when that move happened I visited there and I thought wow I wonder who it is and I have my own theories and they seem to be coming through but if you saw what happened is that on MMJ you could see the day when the trades

happened but no notice came out but when I realized how large the trade was I was like oh I'd have to on MMJ you could see the day when the ownership that's just simply being you have the risk if you have one billion shares, you also have the risk and responsibility if you're trading one share at 159. For 15 US dollars total in transaction. And that speaks to the rest of the conversation, but I'll have that off here with the gross subscribers. I don't necessarily have it in public. So this is definitely the last, you guys can talk. I see one person asked one question. If I find it in time I will try and answer it. But yeah, I'll give you guys the last few minutes. Thank you very very much. I mean I feel very good about this. I believe Jonathan has no... Dadai, were you nervous?

No, no. Janos is so cool bro. You up? I was really looking forward to it. I was looking forward to it too but I was also nervous. I feel nervous before every episode. Performance anxiety? No it's just his nerves. He shows that I care about the thing. Come to the office Andy.

Ah yeah pick up Che. There we go Come to the office, come to the office Andy. Ah yeah, big up, big up Shae, yeah there we go, there we go, there we go. You might need to come on the roads. Yeah man, yeah as it just Jason, I think he may be trolling, brick talk, question to the question to the listeners, oh okay, do you prefer an APO or a rights issue and why? All right, well, you guys can respond to that. You've heard all views. You've heard all views. You can- Tomato, tomato, tomato, tomato. Yeah, you can- Tomato, tomato.

You can respond to his tweet. Yo, Jason, love you trouble, you know. Yeah, yeah, yeah. I think he trolling, but it's okay. Where's that war Jason? Where's that war? Ah boy. Yeah, so, last few minutes. you guys have everything you want to say

because we're going to wrap it up now so like is this just like a one off thing that you just felt in the spirit of the moment no sir, I said it, I said it's the return we'll make that and be at speed I said it. It says the return. And, and me.

Tid. Trouble. Tid, okay. Well needed. Well needed return. Yo, Randy, I went to Trinidad this year. Yeah? And in Trinidad, I was in a car.

Somebody was driving me around. And he said, yo, we're not bringing back Victor. Really? Yeah, yeah. and that blew my mind wow from earning season days in my head I was like I wonder if you're any positive but what person he's listening from earning season days and he really missed it and yeah so if you're listening now you have some influence there there we go so I have a fight and because everybody you ask when

he coming back and acts over the years yeah we're back we're back the kinds of voices are needed and it's fun and the market deserves it and we can we can't leave it to the doom and gloom leave it to the doom and gloom nothing will ever be good there are bad things in the market and there's also that that middle-grown conversation is something that i hope to continue just because something on the market is bad don't mean that it's the end of it it's the most terrible thing and it should die and just because something on the market is good don't mean it's going to be good and great forever right yeah that's what we've ever preached and the truth is bro in fact

Think about how we were treated as doom and gloom by a certain crowd because we spoke with somebody spoke of us I would never pretty tough despite certain interest being there Yeah, boy that's not a thing and also sorry to Well, it's compliment complementary to your point, Danai. Also the, although I wouldn't mind if we get some sponsorship, I'd love that. I think the JSC, geez, the JSC of all people should like to sponsor us, but let's see what happens there. also a middle ground view, meaning a lot of the views that we have seen publicly over the last few years and continuously are sponsored views. I don't mean sponsored like them pay a sponsorship fee.

I mean, it's like literally an advertisement, right? Yeah. Yeah. I remember you guys showed me one on IG the other day and that IG ad has since been deleted. But I think about it, if you're a regular person and you saw that ad, you'd have thought of it as advice, which it would have been advice considering the source of it was a brokerage and an advisor.

So who can people trust to say whether something is good, something's bad and also more importantly why it's not necessarily because i could get it wrong then i could get it wrong whether it good or bad yeah it's the why is the why it's good or bad and and and in terms that people can understand and in the way that regular people talk you know you're talking about when someone... I don't want to come hide behind this. You get me? So, for me, for me, it's the, the, the, the crowning of that, I think, is the best thing that we need to bring back. That middle ground, the sense, the why for the good, the why for bad and yeah we'll move we'll move with that and we don't allow the doom to lead us anymore i think

you're here all right i don't know if you guys have anything you want said in i'd like to say that we're not going to go to three hours anymore so I'd like to say that we're not going to go to three hours anymore so Big up to everybody there, welcome party for the rest of them nights Everybody party for the rest of the night yeah yeah that's all I'll say right we're getting the we get the people we get it we get the people on Friday night yeah Yeah man respect we're We'll give the people. Very happy to hear your devices, man.

Respect and take care everybody. Yeah man, big up, Loco. Big up, big up, big up and come back. All right, that's it, actually, that's it. About to cut it off, but Danai is about to tell you, so you have to thank the people that we signed off. What's up? Whoa.

Yeah, one last talk before we cut. Teacher Strike, how are you doing? Hey, everyone. How are you? Teacher, how are you doing? I am great. All right, good for you. Good for you.

How's the market been? Although I know the answer. The market am great. Good for you. How's the market been? Although I know the answer. Well you know, honestly, as you were saying before with the doom and gloom, trust me. Every time I go on, I try to find the positives because the market is so good. Sometimes I feel like I'm the only one tweeting.

Well, sometimes I see like, share something on it and other people, few other people, but the market is so good and it is so alive, you know, as asking just a while ago, if there are any new advanced grow classes around me, because the one that you had was it a couple months ago, the short term investing one. Yes, yes, yes. When I tell you that it was good enough,

I just use all the principles that I learned and trust me. I gotta tell you about learned and trust me, I'm gonna tell you about one yesterday. Yesterday, I did a little tweet that I and trust me, we started and yes, we know that our trades are public. So, all right, so we started and trust me, we put it in, we make it 10%, we take it out, we put it back in, it was so good. And then listen, so there was this guy, right? And he was putting in, he started to think with, he had more money than us.

So he started with like 52 000 units of the stock so we put in ours input his own or her own right behind ours and just me it was like magic and you know like he said that ours was like here he said that. I was like, here, he said, all right, he wanted his before. And as we did that, like, she wasn't three or four times in the day. When I tell you about money, you know, it was so good. You had to, like, really be there. It was so intense.

I'm telling you, we couldn't move. And then, no, we flipped it over for this morning. Sold down you, we couldn't move and then now we flipped it over for this morning. So down again. So down again. So low. We did it around four times again today. Sorry, which which stock is this? Which stock is this? I

don't think I'm going to imagine No, no, no, no, no. We're not. I don't know. I don't know. We don't want. Yeah, but I mean it's not going to tell him. Tell him people that doesn't stop it from happening. That is quite true. We did it too. We did it too.

NCB. Oh no. From Wednesday. I started Wednesday. Thursday. We did Thursday, Friday. Trust me. I cannot tell you how good it is. And you know, as I said, I know people don't like when I treat it. When anytime Randy has a course, I am telling you people jump on. Nothing I hate more than to see these nice to be talking about nothing nice. You got to pay some money for yourself. You know the feeling. You understand? Who was gonna take up hundred thousand dollars, give me in two days? Um hold on a teacher striker. I would like to say sometimes

that is my motivation to go to go trade. Look at me, I'm spending it on you know what I mean? If you stand on that road you might end up married. That's what happened to me. you know what I mean? Yeah, if you if you if you if you if you if you if you if you if you if you if you if you if you if you stand on that road, you stand on that road, you might end up married. That's what end up married. That's what

end up married. That's what happened to me. happened to me. happened to me. happened to me. I don't want to I don't want to I don't want to tell your marriage but if my son take up tell your marriage but if my son take up tell your marriage but if my son take up

tell your marriage but if my son take up my money and do that, my money and do that, my money and do that, I disinherited but truly. I disinherited but truly. I disinherited but truly. But the money I make it first. But truly the courses But truly the courses But truly the courses that Randy does, they are like so that Randy does, they are like so that Randy does, they are like so good.

You go with your pen, your book and you write them down. He's not telling you what to do, you know. He's giving you the tips on the trade. So like for example, I want some money for TJH because of how I project it to be for the next year. I am flipping. I'm doing my short term investing, short term investing So I can use whatever compounded. The guy that started with 52,000 units, he ended up today with 58,000 units. You understand? Because as soon as he NCB shut up like lightning out of pattern for us to 40. The 40 normally comes because we have the

pattern, we have the timing down for it. So it came a little early today. We still profited because we were there. We knew what would happen in the long run and we actually were working with that. That money that was has been compounding, compounding, compounding. Then we're going to take it and put it for our long-term stock, which I think we have identified as our TJH. So money has been compounding night to say, show you say, what is best based on what I have. And trust me people, as long as you are putting yourself there and you are doing the things, going to the classes, we have to pay for me.

You have to pay for your class. You can't just keep on just whatever. A class out there for a hundred dollar, trust me. Yeah. That's the money. I have never, never been to a class you know, I think people think I don't. I'm thankful to you, you say it because on my side of the camera, it's always harder to judge how the classes, how it's turned out. Because you know, you don't always hear from everybody, but I'm happy to hear it. And yeah, I do it every month. I don't do

the short-term. I do a different topic every month. This month, we kind of had to screw up last month, so this month I'm actually doing two. And this month is actually, the main topic for this month is the dividend investing. It's like putting together a proper dividend play. And the other session is going to be just me looking at the last half of the year, you know, like overall the last half of the year, half year plays that sort of thing. But every single month on different topics. And I've done it through the entire time,

even as I've done it through the entire time. Because one, I think it's useful. Two, it keeps me sharp. Three, I think it's worth it. And at this point I've taught hundreds, if not thousands of people, thousands of people. And I want to continue. I want people to learn how good it can actually be for them.

I see the difference it make in people's lives when they actually learn about the market in a real way to them, right? And also, you know, girls are listening to me because when I just started it, I remember when the, everything you do, you know, girls are listening to me because when I just started it, I remember when the everything you do, you have to get some pushback early, especially in Jamaica, you get some pushback early.

I said the same set of men, they say, oh, them only do it because they have a class. Then I said, man, they turn on, actually turn on and have a class, I go, damn. And then they've stopped. But I continue to do the classes. I think it's important for people to learn. And it keeps me fresh, like I say,

the class has evolved over the years and I still put my all into it every single time. Both grow and advance grow, but I really like advance grow because it's different every month and I try my best every month. So thank you, I'm glad to hear that you're finding use in it. And I'm happy to see that you're actually putting it to use

and making money. And people, you can come, even if you I'm happy to see that you actually put in it to use and making money and people you you can make you can come even if you get a man to pay for it for you I don't ask you how you get the money right I don't ask how you get the money you just you pay online and everybody get everybody get the same treatment in my class. No, this is over here. I'm going to say like for me, like next week is my um next week is my vacation with my children and that the money day is straight of the um I'm not I can't take my salary to

pay for vacation down um wherever. Yeah. So we do the man. That's what we're doing. So, we do the, we do the hotel first. We make the hotel money we pay for that and today alone can pay for. We go in, we do in the Saint Elizabeth. starting at the, you know, in

them side rope over the river and them thing. We're doing all of that going down and all of that is paid for already as a matter of a you can you can you can let share it out. We have we have to try for ourselves to make money because and I would not

say that every time we're going to make a twenty grand or a fifteen or a ten grand sometimes we put in our money and it doesn't go according. We can see the fear. I can't figure out who is the broker, like when the big entities put in it, not like the semi-big ones. We have to suppose and we can feel a fear how they're shifting the money, etc. So sometimes some things you want, it doesn't happen that way. Sometimes I come out and I make $2,000. I'm not losing, but I just make it. But then who is going to take up money and give it to me? So this is where I have to put my interest because when I get older, I need to know that I have my

things, them down parts. You understand? And this has been exceptionally an exceptional tool. I'm so very happy. I always say, you know, thank you for awakening that part of me, because right now I am actually thinking, how is it that I'm going to teach come September and still do this? Because if I can make X amount of money per month, I cannot, I cannot give it up. You know, that sort of thing. I need to be able to do both of them at the same time. And I am trying to figure out that part of it. So once again,

I just want to say thanks for all of that. And the market has been amazing. Well, for some of us, amazing. Well, for some of us, like that's the point of it and it's in a real way people really make money on the real things with it. It's not the dream, the funny thing is it's not the dream of yo maybe a big lotto winner or maybe but I make billions and billions sometimes as simple as yo the light bill it never has had to pay this month because of this thing or sometimes you're not doing anything monthly sometimes it's that you look on your pension or you look on anything you bill, it never has had to pay this month I was surprised and I was looking at some company I never thought of and it's like

30 grand every month over the last five years and it's currently worth 18 million because of how the security has grown. I'm trying to remember which one it is. I don't like just saying that and leaving it you know. But I mean, go on MMJA, go on the dollar cost averaging calculator and you can look at every single stock over the time period yourself and you can see how it would work out and put in the amount that you want or you can save. But yeah, it is the best thing in my view for anybody.

I still maintain that. The best place for any Jamaican to put their money is the JSC. That you can put it in other things also, but there's nothing quite as good as this. And there's no requirement for it to be only the JSC. It's just the best. It really is the best. It's better than everywhere else.

So, teacher, I can bring it out then, eh? Or that's it. I see Shay, I think Shay talking, but I don't know if you're hearing. I see Shay, I think Shay talking about it and I don't know if you're hearing that. I see she's unmuted. Shay? I guess she's unmuted.

All right, like I said, we're not doing the holy powers. We even went a lot further over than we thought we would. We'll catch up with you guys next time. Brick Talk is back, but I'm very, very thankful that I'm overwhelmed by the actual reactions. I'm thankful to see that. Happy hear some of the the voices that I used and I'm happy to see some new faces too. I hope you guys like it thank you very much on behalf of the Nani we will see you next time I forgot how to end the space. I think this is it.

I think this is it. That is everybody. I tell them don't spill the guts. I give them a place to run and they cannot run it. Hear this? Hey! Ready to see the proof.