Banks using football slogans

I kinda hate the phrase "merit" being used.

2024.05.28 23:02 i_came_mario I kinda hate the phrase "merit" being used.

The phrase "merit" being used as a value is very vague. And it being put in a dichotomy with. "equality" Makes it worse.
The term merit is defined as
"the quality of being particularly good or worthy, especially so as to deserve praise or reward. "composers of outstanding merit""
This as a political value is very vague. And feels more like a value a politican would aspouse to gain votes. Rather then the acutal underlaying condition or value he is representing.
This put in a dichotomy with "equality" a less vague. Term but not by much. Equality is defined as.
"the state of being equal, especially in status, rights, or opportunities. "an organization aiming to promote racial equality""
Which while being more defined and less vague the merit. Still in my opinion fails to capture the underlying political value.
This argument might sound vague so let me bring out an example.
The law About essentials.
Free Vs Paid for
In this law the "merit" option reads:
"To foster responsibility and reward work citizens will be charged a small fee in exchange for essentials."
While this text is subject to change. I think it's great. It reads like something a politician would write. In the preview event it was a small step towards merit. But how how does this law promote merit.
What is the merit of having to buy essentials. What merit is there in starvation and lack of essentials. Does merit originate from wealth.
The equality option reads:
"Based on a availability the city will ensure that all citizens will be provided with what they need to survive for free."
This text is subject to change as it is also from the preview. And honestly it shut be Changed. Doesn't sound political enough. It's to straightforward with its intention. Not something a politician would say or suggest in my opinion.
This is listed as a small step towards equality.
But does this option lack merit. Why is Paid for Essentials a option that promotes Merit. While this one doesn't. Isn't there merit in feeding the needy. Isn't there merit in ensuring nobody goes hungry.
I hope that elaborates on the problem I have with merit 1. Being a political value and 2. being placed in a dichotomy with equality.
It does not make any sense. It is not really a dichotomy in definition. "Merit" and "Equality" aren't antonymous to each other.
I also want to make a few suggestions on other terms that may be used instead of virtue and equality.
Using the above law as an example again. Since there Is not much to go off of.
You could use old world VS new world.
In the old world IE before the frost. You paid for Essentials. After the frost came any semblance of such things has seemingly vanished in Frostpunk 1. So the new world created after the frost no longer had that system of buying essentials with money. Groups we're simply to small and had to Stick together closely to Survive.
So in the law the new dichotomy would be
Paid Essentialls promotes old world values. slogans for that going along the lines of
"We will bring back what was lost. The old world will return. To prove the Indomitability of humanity"
And the free essentials option. Promotes new world values. Slogan for that going along the lines. Of
"The world has changed and we must change along with it. To forge a new world for humanity."
This could me much more of a fun dichotomy and leaves much more room for discussion and arguments. But that's just my opinion on the Matter.
submitted by i_came_mario to Frostpunk [link] [comments]


2024.05.28 23:01 SachikoHeart3 [REVIEW] Chanel Mini Top Handle: 187 King, TS Heidi

Author Expertise
I have been lurking on the old RL group (rip) for years and have made purchases in the past with Anna and Linda via WeChat, however I’ve always wanted to try Heidi for Chanel. After a few great and not so great reps, I’ve decided to up my game and take the plunge on a 187 King bag from Heidi. I am no Chanel expert however I am pretty much OCD when it comes to details. I work in luxury fashion so everything needs to be as perfect as possible. I would cry if ever I was called out for a rep from someone in the industry (though usually they’d just talk about you behind your back anyway haha). There are some incredible ladies on here with much more in-depth knowledge on all of this than myself however I did do as much homework as possible before diving in πŸ™‚
Disclosure 1
You will notice my profile is recent which may feel like I am contradicting my β€œI was lurking for years” comment. However, I was such a newbie at the time that I created my previous profile with my IG name LOL. Thus, I had to create another profile especially as I had finally mustered up the courage to engage with the rest of you and was ready to contribute!
Disclosure 2
Heidi is now aware that I am writing a review as I told her I am so incredibly happy with the bag (also apologized for stressing out for 3 weeks; the tracking never updated!!!) The review is NOT incentivized. I purchased the bag prior to disclosing with her that I would write a review so I was not offered any discount in exchange for my purchase or review. I let her know how happy I was and she is very grateful for the review as her business was impacted by the more recent than not fake Heidi profiles. After I let her know I was going to share my great experience with everyone, she then offered $20 off my next order which is kind of her!
Seller: Heidi
Contact: WeChat Heidi-hiddencloset Note, this is the contact I had of hers since the old RL group. I made sure to add every seller I was interested in at the time on WeChat.
Bag: Chanel Mini Top Handle, Lambskin, LGHW
Factory: 187 King
Price: $480 USD Shipped
Shipping Cost: $40 USD
Payment Method: PPFF @ 5% discount
Timeline:
5/5 - Contacted Heidi via WeChat about the bag 5/5 - She responded with pricing + photos 5/5 - Paid $100 USD deposit via PPFF
5/6 - She replied thanking me for payment and let me know she’ll send PSP when ready 5/6 - Received an email for my login to her website with a request to set my password so I did (you’re able to see your order + status on there which was cool)
5/7 - Received an email notification that my item did not arrive at the office yet
5/10 - Received an email notification that my item has arrived at the office
5/11 - Heidi sent me PSPs which were stunning 5/11 - I GL the PSPs 5/11 - She refunds me the deposit and tells me to send the payment to a different PPFF email which I did (admittedly, I was nervous about this as I found it strange that its going to another email address but it worked out in the end!)
5/13 - Received an email notification that my item is shipped and to wait for the tracking number
5/14 - Heidi told me to wait 1-2 days for the tracking number
5/15 - Received an email notification of my tracking number for FedEx and to track it on the 17Track App
between 5/15 to 5/28 I was in complete distress as tracking did not update until 5/27. I will spare the full details however Heidi was telling me β€œwait update is ok” meanwhile nothing was moving. I thought - was I scammed? But surely not, this is the contact I had for years and via WeChat! And the scam (based on what I read) was on Whatsapp. S/O to everyone who reassured me and those who stressed with me via DMs but after many anxious nights my tracking finallyyyy updated!!
5/27 - Tracking number via 17Track App updated and blew through countries
5/28 - My bag arrived packaged beautifully and in pristine condition!
Factory Photos
PSPs
My Photos
Packaging
Quality: 10/10
The stitching/thread on the bag aligns with what I’ve read on WL + RL in terms of stitch count + it blending into the bag. It does not feel too β€œheavy” or β€œthick”. It lines up perfectly across the front, back and underneath the bag. It is the correct colour and alignment as the auth.
The leather is stunning. It is smooth and buttery. It feels exactly like my bff’s auth and the auth bags I have felt + examined in the Chanel boutiques around the world. Heidi did let me know that 187 King uses the same leather as Chanel which explains why it feels lovely! Based on feeling the bag, you could never tell it was a rep.
The smell smells like authentic leather, no fufu smell! It smells great if you are leather obsessed and know what it should smell like! I purchased another bag from another seller and the bag did not smell like fufu but it smelled really strong - almost like the leather was… toooo leathery? I don’t know how to explain but it is still airing out -__- This bag smells divine!
The chain/strap feels weighted. It does not feel light and flimsy like other reps I have. I find besides the CC logo and leather, a dead giveaway is the weight to the chain strap. This one feels weighted, it feels heavy, it feels REAL! And the sound of the chain when you manoeuvre it is dainty, luxurious. Ugh, I just love this bag.
The hardware is LGHW which I felt was the safest choice as I was a bit worried about the gold coming off as too yellow. I absolutely LOVE the LGHW. I found an auth on Madison Avenue Couture and the hardware is identical. It really comes across as light gold - not silver or gold.
Accuracy: 9/10
Based on my bio in the Author Expertise section of this review, I would say, to me, this bag is 10/10! But since I don’t have an auth of the same style IRL to compare it to, I can’t give it a perfect score. I’ve cross referenced photos on Vestiaire Collective, Luxe Du Jour, The Real Real, Fashionphile and photos I took of one for sale at a local consignment shop. To be honest, this one feels ever better than the auth I was looking at in the shop! The measurements are accurate @ 12x20x6 CM and the shape is pretty much spot on with the auth. From what I recall of the chain, it feels the same as the auth as well!
Speaking of accuracy, the bag came with full packaging. We’re talking box, tissue, dust bag, ribbon - the works! The Chanel box was packaged with edge protectors to protect the box from being damaged which spoke to Heidi’s attention to details. It truly felt like the real deal Chanel unboxing. It was just me and my pup home at the time and I was jumping with excitement. Pup probably thought I was losing it but I mean, I just hit the jackpot with this bag and the unboxing was Youtube worthy!!
Rep Satisfaction: 10/10
Maybe I am jumping the gun here but I am almost 99% certain I’d be confident enough to wear this to the Chanel boutique. I definitely will be wearing this confidently around my friends in the fashion industry. I LOVE my bag! And I am so happy that I did not have to break the bank for it. I love fashion, I love shopping but these bag prices are insane and given that I want almost everything along with a beautiful home and a vacation house, I had to give something up πŸ™‚
Seller Satisfaction: 10/10
So, I will say that I was sceptical about Heidi given some of the recent reviews. However, I can only speak to my experience with her and besides me stressing out due to the tracking # not updating for weeks and the horrifying reviews lingering in my head about buyers being scammed, she was in fact great! Heidi can be short and direct with her replies but she delivered a beautiful bag and exactly the quality + accuracy I had dreamed of when wanting to purchase from her! At one point, someone from her team must have been managing the WeChat convo as she was a bit more detailed and let me know that my bag is on the way, China is strict with tracking, apologized if I feel worried, let me know that it will arrive soon and to reach out if I have any other questions. That really helped ease my mind! So I was appreciative of this type of reply! All in all, I am 10000% purchasing from Heidi again (like, tomorrow haha).
Things I have learned that can be helpful for other newbies:
1. Remember that there is a language barrier here and different ways of communicating. I am someone that looks for communication and reassurance and that may not be what we’ll find buying from some of these sellers. So I have opted for honesty and prompt (give or take 12 hrs) replies which is what I found in my communication with Heidi.
2. Trust the process. If you’ve done your due diligence and did not go into a purchase blindly, please just trust the process. It will save you (and your TS) so much stress! I was freaking out about my tracking # and once it finally updated, it literally flew to my front door. Heidi kept telling me to wait, all is okay but I was just worried throughout the journey. However, had I just trusted the process and trusted that I’ve done all the homework on what to buy + from who, I could’ve probably slept a lot better!
3. Reach out to other buyers in the community for some helpful feedback. I spoke to about 3-4 other incredible ladies that either were experiencing the same tracking # delays as me or have recently purchased with Heidi and were happy with their bags! This also made me feel comfortable about my purchase. So thank you!!
4. Share your reviews! Don’t lurk forever like I did. The reviews are so helpful and help guide other buyers on the do’s and don'ts, who to trust and who to steer away from. While everyone’s experience is unique to them, I think it’s important to continue to share our reviews to help each other out! Don’t be shy, like I was. TBH, no one knows who we are anyway 🀣
The Wrap Up:
If you’re on the fence about taking the plunge and buying from Heidi like I was, I am happy to say, my experience was great! I hope yours will be too. I adore my bag, I cannot wait to wear it and I am already scouring the internet for inspo on what I want to buy next from Heidi. Happy shopping!!!
submitted by SachikoHeart3 to RepladiesDesigner [link] [comments]


2024.05.28 23:00 Aggressive_Local2727 Ideas for ring changes

  1. We should be able to wear multiple rings.
  2. If they don’t want to give us a second ring slot, maybe LOTD/HSR could grant their passive luck stat from bank. Plenty of useful items already work from bank so it’s not a foreign concept. And sure you could make the relic for this, but that takes a valuable relic slot that could easily be used for other things. Wouldn’t have the GE teleport or the stat bonus, but seems silly to not be allowed to use LOTD/HSR AND a combat ring like reavers or champions.
I’m sure this post will get torn to shreds because β€œjust use the relic power” but why have to take away from another area. HSR is like 5b. For 5b it’s passive should work from bank.
Thanks for coming to my ted talk.
submitted by Aggressive_Local2727 to runescape [link] [comments]


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2024.05.28 22:57 Sweet-Count2557 Best Lunch in Tallahassee Fl

Best Lunch in Tallahassee Fl
Best Lunch in Tallahassee Fl Are you hungry for a mouthwatering lunch in Tallahassee, FL? Look no further! We've got you covered with our curated list of the best lunch spots in town.From delightful brunch places to savory sandwich shops, there's something for everyone in this vibrant city. Whether you're a seafood lover, an Asian fusion enthusiast, or a meat connoisseur, Tallahassee has it all.Join us on a culinary adventure as we reveal the top lunch spots that will leave you satisfied and craving for more.Key TakeawaysBada Bean is ranked as one of the finest brunch places in the area.Backwoods Crossing and Paisley Café offer farm-to-table dining experiences with locally sourced and seasonal ingredients.Midtown Caboose and Freshroots Kitchen are popular sandwich shops known for their flavorful options.Kool Beanz Café and The Melting Pot provide unique dining experiences with inventive twists on classic American food and interactive fondue dining, respectively.Top Brunch PlacesWe've heard that Bada Bean is ranked as one of the finest brunch places in the area. Located in Tallahassee, Florida, this restaurant offers a delightful brunch experience that will satisfy even the most discerning palate.Bada Bean is known for its delicious and innovative menu, which includes a variety of breakfast and lunch options. Whether you're in the mood for a classic omelette, a fluffy stack of pancakes, or a hearty sandwich, Bada Bean has got you covered. The restaurant prides itself on using fresh and locally sourced ingredients, ensuring that each dish is of the highest quality.With a cozy and inviting atmosphere, Bada Bean is the perfect place to enjoy a leisurely brunch with friends or family. So, if you're looking for the best lunch in Tallahassee or a fantastic brunch spot, Bada Bean should definitely be on your list of must-visit restaurants.Farm-to-Table RestaurantsBackwoods Crossing and Paisley Café are farm-to-table restaurants that prioritize locally sourced, seasonal ingredients. These establishments are known for their commitment to providing fresh and sustainable dishes, which not only contribute to the local economy but also ensure the safety and quality of the food we consume.In terms of taste and experience, dining at these farm-to-table restaurants can evoke a sense of comfort and nostalgia. The aroma of freshly harvested ingredients fills the air, tantalizing our senses and reassuring us of the wholesome nature of the food we're about to enjoy. The dishes served at Backwoods Crossing and Paisley Café are carefully crafted, with each ingredient thoughtfully chosen to bring out the best flavors. From vibrant salads bursting with the colors of local produce to hearty entrees that showcase the rich flavors of the region, these restaurants offer a culinary experience that's both delicious and satisfying.Furthermore, supporting farm-to-table restaurants like Backwoods Crossing and Paisley Café also promotes a sense of safety and security. By knowing exactly where our food comes from and how it's grown, we can have peace of mind knowing that our meals are free from harmful additives and pesticides. This commitment to sourcing local, seasonal ingredients not only ensures the freshness and quality of the food but also supports the local farmers and growers who work tirelessly to provide us with nourishing meals.Best Sandwich ShopsLet's head to Midtown Caboose, one of the best sandwich shops in town, to satisfy our craving for a meaty handheld delight. Midtown Caboose offers a diverse selection of sandwiches that cater to different taste preferences. Whether you're a meat lover or a vegetarian, there's something for everyone. The menu includes classics like the Bacon Cheeseburger and the Cuban, as well as unique creations like the Pesto Chicken and the Veggie Delight.Here is a table that showcases some of the mouthwatering options available at Midtown Caboose:SandwichDescriptionBacon CheeseburgerA juicy beef patty topped with crispy bacon and melted cheeseCubanSlow-roasted pork, ham, Swiss cheese, pickles, and mustard on Cuban breadPesto ChickenGrilled chicken breast, pesto aioli, provolone cheese, and roasted peppersVeggie DelightGrilled vegetables, hummus, feta cheese, and balsamic glaze on ciabattaTurkey ClubOven-roasted turkey, bacon, lettuce, tomato, and mayo on toasted breadAt Midtown Caboose, the staff takes food safety seriously, ensuring that all ingredients are fresh and handled with care. The sandwiches are prepared in a clean and hygienic environment, giving you peace of mind as you indulge in your meal. So next time you're in the mood for a delicious sandwich, head to Midtown Caboose for a satisfying and safe dining experience.Unique Dining ExperiencesThe Melting Pot offers an interactive dining experience where we can enjoy delicious fondue. It's a unique dining experience that allows us to engage with our food in a fun and interactive way. The restaurant provides a safe and welcoming environment where we can gather with friends and family to enjoy a meal together.The interactive nature of The Melting Pot's dining experience evokes a sense of excitement and anticipation. From selecting our favorite cheese and chocolate fondues to cooking our own meats and vegetables at the table, every step of the meal is an adventure.This hands-on approach creates a sense of connection and involvement with our food, making the dining experience more enjoyable and memorable.The variety of dipping options, ranging from bread and vegetables to fruits and sweets, allows us to explore different flavor combinations and tailor the meal to our preferences.The cozy and intimate atmosphere of The Melting Pot provides a sense of comfort and relaxation. The dim lighting, soft music, and comfortable seating create a soothing ambiance that allows us to unwind and savor our meal.The attentive and knowledgeable staff ensures that our dining experience is both enjoyable and safe. They guide us through the fondue process, ensuring that we handle the utensils and hot pots with care.The cleanliness and hygiene practices of the restaurant give us peace of mind, knowing that our health and safety are a top priority.Seafood DelightsWe should try the seafood delights at Harry's Seafood Bar and Grille, as they serve a slice of New Orleans fare and are perfect for seafood lovers. Located in Tallahassee, Florida, this restaurant offers a diverse menu that showcases the flavors of the Gulf Coast. From succulent shrimp dishes to fresh oysters, Harry's Seafood Bar and Grille is a must-visit for those craving a taste of the sea.When it comes to safety, Harry's Seafood Bar and Grille prioritizes the well-being of its customers. The restaurant follows strict hygiene protocols to ensure a clean and sanitized dining environment. Their staff undergoes regular training to maintain food safety standards, and all ingredients are sourced from reputable suppliers.One of the standout dishes at Harry's Seafood Bar and Grille is the New Orleans-style seafood gumbo. This rich and flavorful stew is made with a medley of fresh seafood, including shrimp, crab, and oysters, slow-cooked in a savory broth. It's served with a side of fluffy white rice, perfectly complementing the hearty flavors of the gumbo.For those looking for a lighter option, the grilled fish of the day is a great choice. The fish is seasoned and cooked to perfection, resulting in a tender and flaky dish. It's served with a side of steamed vegetables, providing a nutritious and satisfying meal.Frequently Asked QuestionsWhat Are Some Popular Lunch Options in Tallahassee That Are Not Mentioned in the Article?There are several popular lunch options in Tallahassee that aren't mentioned in the article. Some of these include:1) Kool Beanz Café: Known for its quirky and vibrant atmosphere, this restaurant offers an inventive spin on classic American food.2) The Melting Pot: A fondue restaurant that provides an interactive dining experience.3) Masa: A popular spot for Asian fusion cuisine with diverse sushi options.4) Ted's Montana Grill: A haven for meat lovers, offering bison burgers and aged beef options.These are just a few of the many great lunch options available in Tallahassee.Are There Any Vegetarian or Vegan-Friendly Lunch Options in Tallahassee?There are indeed vegetarian and vegan-friendly lunch options in Tallahassee. From plant-based cafes to farm-to-table restaurants, you'll find a variety of delicious choices.Some popular options include Freshroots Kitchen, which offers healthy and budget-friendly vegetarian dishes, and Bare Naked Kitchen, known for its global flavors and delicious bowls.These establishments prioritize your dietary needs while still delivering flavorful and satisfying meals. Whether you're vegetarian or vegan, Tallahassee has you covered for a tasty and nourishing lunch.Can You Recommend Any Lunch Spots With Outdoor Seating in Tallahassee?Sure!We can recommend some lunch spots in Tallahassee with outdoor seating.One option is Backwoods Crossing, a farm-to-table restaurant that offers a lovely outdoor dining area.Another great choice is Midtown Caboose, a popular sandwich shop in Midtown that has outdoor seating available.Finally, Canopy Road Café is a cozy café with a patio where you can enjoy your meal.These places provide a safe and enjoyable dining experience with outdoor seating options.What Are Some Affordable Lunch Options in Tallahassee?When it comes to finding affordable lunch options in Tallahassee, there are several great choices.From casual cafes like Canopy Road Café and Uptown Café, to sandwich shops like Midtown Caboose and Freshroots Kitchen, there are plenty of options to satisfy your cravings without breaking the bank.For those looking for healthy options, Freshroots Kitchen and Bare Naked Kitchen offer delicious and budget-friendly choices.Are There Any Lunch Spots in Tallahassee That Offer Delivery or Takeout Services?Sure, there are several lunch spots in Tallahassee that offer delivery or takeout services. These options provide convenience and safety, allowing you to enjoy a delicious meal without leaving your home or office.From sandwich shops to farm-to-table restaurants, you can find a variety of cuisines to satisfy your cravings. Whether you're in the mood for Asian fusion, seafood, or healthy options, these establishments have got you covered.ConclusionIn conclusion, Tallahassee, FL is a food lover's paradise with a diverse range of lunch options. With an array of top brunch places, farm-to-table restaurants, sandwich shops, and unique dining experiences, there's something to satisfy every palate.One interesting statistic is that Tallahassee is home to over 150 restaurants, ensuring that you'll never run out of delicious options to explore.So, whether you're craving fresh seafood or mouthwatering Italian cuisine, prepare to be dazzled by the culinary delights that await you in Tallahassee.
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2024.05.28 22:53 ThrowRa_Paint Today I 44f found out my husband 45m of 23 years has another bank account, after finding out he had rented a secret townhouse last year. We are closing on a house in a month, should I just give up on him?

Things haven’t been adding up lately literally. So hubby got a new phone around Christmas the year before and forgot to turn the location off. Basically I got to watch him go places without me and our four kids for about three months before I couldn’t keep my mouth shut anymore. He ended up ending the lease and promising to live at home only. I know I’m an idiot already for that. I usually take care of the financials with budgets and bills. I used to work in a bank until childcare became too expensive and I became a stay at home mom. So the past year it’s been eating at me. Like how did he pull this off without me noticing. We are joint on all our accounts. So I sent him a 5,00 e-transfer to his email address. It was set to auto deposit. It didn’t show up in any of our accounts so I knew he had another account. I had asked him twice since I found out about the lease if he had another account. He said no. So I texted him asking him about it and he called me back! He only does this when he’s doing shady stuff so there’s no proof. He basically tried to gaslight me but I wasn’t having it today. It’s really not about the bank account. After the whole townhouse incident we were supposed to be starting over. I was supposed to be able to trust him, no more lies. He financially does well and has worked hard to get to where he is. I don’t care what he spends his money on. I don’t like being lied to and he promised not to. That’s the issue. He could have just said he had another account and I would have been chill. But now we are supposed to be in a good place trust wise so we are closing on a house in one month, should I finally take a hint and leave? Or is this ok behaviour since I’m a sahm and it’s his money anyways?
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submitted by Consistent-Sea-9966 to Studentcorner [link] [comments]


2024.05.28 22:51 bengalcat4life Money in a bank account

Going thru probate in Florida, I am a resident in Texas though, I am one of three heirs.. Basically we inherited a house and a bank account that has $35,000 in it . If the siblings are wanting to use the money in the bank account to do things to the house to try to make it worth more money before selling, but I disagree with the situation, doesn’t the house just have to be sold and the money that’s in the bank account be split three ways? Or can executor which is my sister who we appointed because there was no will and she lives in Florida just dictate where the money in the bank account goes and we have no say so? She seems to think that’s the case but I think it’s not but what do I know.
submitted by bengalcat4life to inheritance [link] [comments]


2024.05.28 22:50 prevoyant- When do you use email aliases vs. your actual ProtonMail for creating accounts?

Hey everyone,
I've been using Proton Pass for a while now and I love the email alias feature. However, I'm curious about how the rest of you decide when to use an email alias versus your actual ProtonMail address when creating accounts on various websites.
For example: - Do you use an alias for every single new account you create? - Are there specific types of accounts where you always use your real email (e.g., banking, social media)?
I'm interested in hearing your strategies and any tips you might have for balancing security and convenience.
Thanks!
submitted by prevoyant- to ProtonMail [link] [comments]


2024.05.28 22:50 Sea_Let_5380 Changing account name

Greetings. I was wondering if it is allowed on cardmarket to change the name of my account and bank details through support with the proper documentations since i have an account on my name being a private seller with 200+ sales and i would like to give it to my friend since we used to sell both our collection through the account but i will no longer use it. Thank you in advance
submitted by Sea_Let_5380 to CardMarket [link] [comments]


2024.05.28 22:49 Then_Marionberry_259 MAY 28, 2024 IPT.V IMPACT SILVER ANNOUNCES Q1 2024 FINANCIAL RESULTS WITH IMPROVED REVENUE AND INVESTMENT

MAY 28, 2024 IPT.V IMPACT SILVER ANNOUNCES Q1 2024 FINANCIAL RESULTS WITH IMPROVED REVENUE AND INVESTMENT
https://preview.redd.it/5i6pbh0jc83d1.png?width=3500&format=png&auto=webp&s=317ee9ff6abde90fbb0c0f4126bf395950ace6f7
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 31, 2024. The Company reports revenue of $5.3 million in Q1 2024, of which $4.3 million was from Guadalupe Mining Centre with $1.0 million from the start-up operations at the Plomosas mine which was acquired in April 2023 . There was a net loss during the period of $3.1 million, primarily from MLAZ (Plomosas zinc mine) as that company incurred $2.8 million in operating costs expensed during the quarter to upgrade the facilities.
Subsequent to quarter-end, the Company announced a non-brokered private placement financing of up to $10.2 million, and closed the first tranche for aggregate gross proceeds of $7.1 million. The second tranche is anticipated to close on or before the week of June 3, 2024. During the quarter, the Company continued to focus on exploration and development of its mining districts and spent $1.9 million on these programs.
The price of silver and zinc started to improve towards the end of the quarter as a more dovish policy from the U.S. Federal Reserve led to speculation of interest rate cuts in 2024. These gains were reinforced as it became clearer that inflation was trending towards the central bank's target of 2%.
Major Investment in Rehabilitation Setting Stage for Growing 2024 Production
Throughout the first quarter, management sought to accelerate maintenance, rehabilitation and underground development efforts at both mines including upgrading the underground railway track system and shaft at Zacualpan while redesigning the Plomosas mine plan and planning a low-cost solar and battery power solution at Plomosas. The second quarter has already seen significant upward price movement in commodity prices, namely for silver and zinc which are the Company's two main revenue sources. Additionally, the Company successfully negotiated a new labour agreement with the primary union at the Zacualpan silver operation, allowing for added cost certainty and more efficient production going forward.
Fred Davidson, President & CEO of IMPACT, stated*, "We spent the first quarter positioning the Company for the future. Major rehabilitation efforts at the Zacualpan operation and the development at Plomosas mine, coupled with added visibility for a significant portion of our cost structure such as labour at Zacualpan and the potential low cost sustainable power at Plomosas, have positioned the Company to benefit from the current increase in commodity prices. Management expects operating profit to improve throughout the year as both operations ramp up to full design capacity and investments made over the last 12 months begin to bear fruit for investors."*
Q1 2024 Review
Zacualpan Silver Operation
During the quarter, the Company milled a total of 31,735 tonnes of mill feed at the Zacualpan/Guadalupe complex, down from 35,825 tonnes in Q4 2023. The decline was due to maintenance at the mine including rebuilding the underground railway track system and shaft which resulted in production stops during the quarter. The Company returned to normal capacity levels by the end of the period.
As a result, silver production from the Guadalupe complex during the period was 137,291 oz compared to 156,430 oz in Q4 2023. The average mill head grade on a silver-equivalent basis in Q1 2024 was 161 g/t compared to 160 g/t in Q4 2023. Lower gold production was due to reduced recoveries as well a temporary stop in production at the gold-rich Alacran mine while conducting metallurgical studies. Alacran is the principal source of gold production and with improved recoveries is expected to return to production in the second half of 2024. Notwithstanding, revenue per tonne sold in the period was comparable at $134.59 to $135.80 in Q4 2023, while direct costs per tonne decreased to $128.12 from $152.38.
Plomosas Zinc Operation
At the Plomosas mine, the Company recommenced limited test production in October 2023, after a substantial stage one rehabilitation program following the acquisition of the mine in April 2023. In Q1 2024, the Plomosas mine continued the gradual start-up of operations processing 3,594 tonnes with a grade of 15.3% zinc. Typical start-up pauses are ongoing to review and optimize processes. Continued improvements are taking place, and the mine is expected to reach design capacity of 200 tpd later in 2024.
Outlook
Management believes the Company is well-positioned as an intermediate miner offering investors exposure to three distinct verticals across the mining sector, including exploration, production, and growth.
IMPACT continues to be one of the purest intermediate silver miners with nearly all the Company's revenue coming from silver-focused operations during the quarter. Later in 2024, the Company's high-grade Plomosas zinc mine is anticipated to meaningfully contribute to the overall revenue mix, especially as zinc has been one of the top base metal performers this year, with pricing up nearly 30% from 2024 lows in Q1. Meanwhile, the Company continues to seek increased gold production and aims to aggressively expand exploration activity at both mines to drive higher grade and profitability.
A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2024 will be available on the Company website on May 30, 2024 at http://www.impactsilver.com/s/ConferenceCalls.asp.
The information in this news release should be read in conjunction with the Company's unaudited Q1-24 condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $265 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently began preliminary mining and processing operations where upgrades to facilities and equipment continue. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on X (Twitter) http://www.twitter.com/IMPACT_silver and LinkedIn at https://www.linkedin.com/company/impactsilver.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp. "Frederick W. Davidson" President & CEO
For more information, please contact: Jerry Huang CFO Investor Relations (604) 664-7707 or [inquiries@impactsilver.com](mailto:inquiries@impactsilver.com) (778) 887 6489 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to continued start-up and ramp-up of operations, and improved operating profits.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, community relations, criminal activity, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210848

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submitted by SpareDifficult5353 to Studentcorner [link] [comments]


2024.05.28 22:49 Boot_Dude15 I followed Discord's security rules, My Account was hacked, Discord never helped me, Now my account has been Deleted.

I hate to bring this matter into public light in this fashion because of the immense negativity of it, however, I strongly believe that I should speak up about it. I am making this post here because the discordapp subreddit has chosen to silence this post when I tried to post it there.
On April 23rd my Discord account was hacked using a method that I later found out to be called 'token hacking' or something. The hacking occurred because they had reached out to me on the account of a close friend who was not able to warn me that their account had been hacked; normally I have a pretty good radar of suspicion for scammers or hackers, but this time it slipped by me. I reacted to the hacking to the best of my ability and tried to shut it down, however, they stole not just my account but also a large portion of my identity and bank information. I had to spend a large amount of time recovering from that. Immediately after my account was stolen I submitted a ticket to u/discord_support / @discord with all of the necessary information regarding the case. In the time it took them to respond the hacker was able to do several things: 1. Contact numerous amounts of people through my friends list and attempt the same hack (I hope they weren't successful for the people I don't have contact with.) 2. Delete discord servers that I was the owner of that had been around for years as the hub for several communities. 3. Make tickets to @discord_support trying to impersonate me saying that the account really belonged to them. (The tickets weren't even written in English, they were written in what I believe to be Turkish.)
The reason for me making this post though is I had been the owner of that account since 2017, I had 2FA activated (they tell you it is the magical fix to all problems yet it didn't stop a single thing from happening), I had been an avid 'Discord Nitro' subscriber and Server Booster in many servers for almost as long as I had the account (I was a heavily paying customer), since the making of the account I have always lived in the U.S. and only spoken English (I wish I did speak more languages though). Yet with all that being said when @discord_support finally responded, it took them a week by the way, it was merely a bot that advised me to reset my password or make a new account and enable 2FA. So I submitted another ticket and got a bot response that didn't even recognize the issue. I submitted ticket after ticket for a month straight, waiting at least a week each time to just get a measly unhelpful response from a bot, I never got to speak to an agent. Though I gave them countless details, told them I could tell them anything they needed to know, and requested to speak to an agent; no matter what I said or told them, I got the same cookie-cutter response every time that I had to wait at least a week to receive.
I am finally saying something about this because it has come to my attention that recently the person who stole my account deactivated it, ruining any hope of me ever getting it back. I had years of countless memories on that account that I will never get back, and I had countless connections with people on that account that I have no way of contacting ever again. I am truly sad to know that there are so many people that I will never get to talk to again because my only form of connection was on that account. From the bottom of my heart, I am disgusted with @discord_support considering the fact that I worked with them in every way I could, I had much patience for them throughout the entire process, I was an avid supporter of them for so many years; yet when I needed them most they didn't even lift a finger to help, never even gave me the courtesy of talking to a real person. Their actions are truly pathetic and I know that I will never give them another dime of my money.
With all this being said, I want to say I merely felt like my story needed to be heard on the matter and I am sorry to bring this negative topic to this account which I try to fill with a positive light. Lastly, thank you so much for reading if you made it this far and if you were previously in contact with me on my old discord and want to reconnect feel free to shoot me a DM on here, I'd be happy to hear from ya!
submitted by Boot_Dude15 to u/Boot_Dude15 [link] [comments]


2024.05.28 22:44 LittleCityKittyCat Buy smart in small amounts, slow, steady, above current bid price...hold existing shares

Buy 1 share at a time and use a limit order set to a price 10% above current bid price. Pace yourself like a turtle throughout the day, a little at a time. This should help elevate price and combat hedgies low ball bid prices…they are playing games with us…fight them slow and steady.
Even though you bid 10% of current bid price, your order will likely be filled at current bid price since there are more bids in the trade queue at the lower price but that 10% above bid price is represented as a bid in the queue and helps make price higher…if we all do that in more volume, bid price will go up and be supported at higher level.
Short sellers who are trying to buy back (return shares they shorted) will desire to so that at lowest bid price possible so they are obviously bidding LOWER. So who is selling? A buyer needs someone to sell to them. Sellers at this point are day traders trying to make a quick buck, current retail holders (us) who enabled put stop-loss sale orders (to protect against downside losses) or who are scared of losing money and just wanting to unload their shares…short sellers need these holders of shares to sell (especially at lower prices) in order for the short sellers to be able to buy back some of the shares they shorted (sold/borrowed) and to hold the share price lower. The shorters will only buy shares part of the way back up as the share price rises and then wait to see if new buyers come into the market. If the share price continues to rise up too much for them, the shorts will repeat the same selling and buying process to control the share price. The shorts need to control the share price over an extended period of time. One note I believe though is that the uptick rule requires short sellers to sell on an uptick in price (A higher price than the previous transaction), so short selling does not necessarily drive the price of a stock downward, though it can have the effect of holding the price from rising by providing additional supply of sell orders.
The short sellers (and not a stretch to assume there is collusion between the major players of the short attack) need to wear down the apes with rumor mongering as well as creating fear as the apes continue to see the share price go down from the computerized trading. They push this attack at the close of each day in an attempt to beat down share price and discourage the apes. It’s a battle. Short sellers also have to pay a fee to borrow shares and are subject to margin requirements that help ensure the shorters will have the money to re-purchase the stock later to cover (close) their short position. If the stock rises in price instead of declines, the short seller can be required to put up additional margin capital. As the stock continues to rise, the short seller must keep out in capital and when they run out of capital or are otherwise distressed about their losses, they can be forced to liquidate some of the position at a loss (short squeeze). Once one of the major players in the short attack starts getting nervous and pulls out, that makes it more challenging for the remaining short players to manipulate the stock share price. They want apes to fold and get out of the battle. F*k them.
Once the selling volume dries up (because apes not wanting to sell and retail holders with weak hands having exited/sold), things start to change…share price is based on the last transaction…if apes set limit sell orders in SMALL share quantities at a price say 595% above last trade price (at least I believe that is the sell limit order price per share rule for Fidelity), and one of us buys that small order, that becomes the new share price. Share price rises, then short sellers are forced to buy at that higher price, which then sets the new current trade price even higher…it is a downward spiral squeeze for the short sellers at that point as prices get to a level that breaks the margin capital bank for the short sellers. The share price starts jumping significantly then. At that point, when we want to sell at those higher prices and place orders with our brokers, our brokers will have no choice but to force the short sellers to buy to close their positions. The key is for apes to buy all retail shares and not sell until that point. We will know when the time comes…patience. This is a battle.
Please comment and share input!
submitted by LittleCityKittyCat to FFIE [link] [comments]


2024.05.28 22:43 TheyCallMeChunky Budget salt water setup

I'm in need for a good budget rod and reel, doesn't have to be a combo, but I can't break the bank. I need it to be at least a 2 pc as I store my rods in the back of my car. Will likely be using it for peir fishing most the time. It's gonna be my first salt water setup.
submitted by TheyCallMeChunky to Fishing_Gear [link] [comments]


2024.05.28 22:43 captain_K_and_co [CA][SFH] HOA fees collected by TownSq payment

Hi !
I have this rather unique situation regarding HOA payments gone missing. Last year around October we moved into this this new place we are living now and started paying HOA fees. It was during a management company transition so our first check went to the old company. Then for subsequent payments, we were given an account number to sign up in TownSQ and we sent our payments there using ACH transfers. Now fast foward to March 2024, our account on TownSQ suddenly couldn't login and after some back and forth with HOA, they gave us a new account number. We suspect the old one was previous owner's account. Now with the new account, we see an outstanding charge of $1000. We told them multiple times those payments were made to the old account and they asked for proof. I sent them my bank statements and some conversation we had with TownSQ support showing the payments made to the old account. Two months later the past credit was still not applied and we were charged a late fee.
I was able to talk to the community manager for once on the phone after many emails. The manager said they can't do much because they don't "see the money" paid to the old account at all. The manager said they will ask their payment service but so far I haven't heard anything. Our bank was willing to file a claim but the representative told us that they don't see much hope after investigations to reverse the charge since it's not a non-authorized charge.
Any tips / recommendations on how to proceed? I'm worried that if I keep fighting them they will put a lien on the house or take our account to collections. Should I just pay the money upfront?
submitted by captain_K_and_co to HOA [link] [comments]


2024.05.28 22:40 Motor_Strict Help! My refund is going to acct no longer active

Help! My refund is going to acct no longer active
Hi, after 2 years of waiting for my refund and after filing amended return, finally I got good news is going to be issued next week but to my tax preparer financial institution ( they used PATHWARD) , today they informed me that account changed is no longer active .. what can I do to update it before direct deposit is sent ?? Help !😩
submitted by Motor_Strict to taxrefundhelp [link] [comments]


2024.05.28 22:38 Savings-Landscape510 First cycle, maintenance, APOE4, and pre-frontal cortex repair?

Hi, I recently ordered 20 ampules of 5ML from Cosmic Nootropics, and I am going to do a month-long cycle. I am 30 years old, athletic, and a former football player. I think that this is likely a good offsetting treatment, as well, for the fact that APOE4 (I have 1 allele) carriers do not naturally produce as much BDNF to repair the brain, and I am confident that I received TBIs while playing football for 10+ years of my life. I studied graduate work in analytic philosophy at a top school, and now am a full-time investor, but I've felt that I'm not quite as mentally sharp as I know I'm capable of performing, and would like to fix whatever issue is causing this -- do people notice an increase in motivation / pre-frontal cortex functioning from this treatment? I used to be maniacally goal-oriented, and I am wondering if APOE4 allele has inhibited my ability to repair itself after over-stimulating it.
I have two questions: (1) what is the best way to do this first cycle? I have read that 4 weeks, 5 days on and two days off per week is typical. And (2), given the APOE4 status, I am wondering if doing this in an ongoing maintenance fashion, i.e. after the first cycle, doing 5ML once per week, would be helpful.
As well, how many cycles per year of 1-month long treatments are typically recommended? I am hoping to receive the maximum long-term benefit. As well, if anyone could give an idea as how long the benefits last, and if they are permanent, that would be great.
submitted by Savings-Landscape510 to Cerebrolysin [link] [comments]


2024.05.28 22:35 Jlo132 Has anyone ever pledged on Gamefound?

Does anyone know how you would go about pledging something on Gamefound? Did you pay in Rand or Dollars? Did you use your standard banking to pay for something there? There's a game I really want but don't know if I will be charged extra for not having Dollars in my bank account. I know import taxes are added as well which is about 15% and also shipping fees. Does anyone know if there are any additional payments that would need to be paid?
submitted by Jlo132 to askSouthAfrica [link] [comments]


2024.05.28 22:34 EnvironmentalEbb8812 ELI5 Interest accrual on HYSA

I'm considering opening an HYSA and I've found several offering returns of 5% (Actually 5.27 but for simplicity let's call it 5)
Some, supposedly offer monthly interest accrual, but when I use the calculator for projected returns that %5 magically becomes .05%
Basically, if I put in a $100 and don't add to it for a year (nor withdraw any of it) should I not accrue $60 within 12 months?
Why does the calculator give me a return total of $105?
Yes, I know that many savings account have yearly APY'S
Are banks just advertising in a way that purposely confuses novices like me into thinking their interest is compounding at a monthly rate rather than a yearly one?
submitted by EnvironmentalEbb8812 to explainlikeimfive [link] [comments]


2024.05.28 22:34 No_Wedding3450 Jaime Dimon Crook

The unthinkable is happening with alarming regularity at the Frankenbank JPMorgan Chase. Over the last seven years, with Chairman and CEO Jamie Dimon at the helm, JPMorgan Chase has managed to do what no other federally-insured American bank has managed to do in the history of banking in the United States. The bank has admitted to five separate felony counts brought by the U.S. Department of Justice, while regulators took no action to remove the Board of Directors or Jamie Dimon.
Now, once again, the outrageous hubris of this Board is on display. Just last fall the bank forked over $920 million of shareholders money to settle its fourth and fifth felony counts brought by the Department of Justice, this time for rigging the precious metals and U.S. Treasury market. Now, in the dog days of summer, rarely a time for bonuses on Wall Street, the JPMorgan Chase board announced on July 20 that it is giving Dimon 1.5 million stock options which, according to a specialist cited at Bloomberg News, have a total value of $50 million on paper.
In its filing with the SEC, the Board wrote this about the 1.5 million stock option award to Dimon:
β€œThis special award reflects the Board’s desire for Mr. Dimon to continue to lead the Firm for a further significant number of years. In making the special award, the Board considered the importance of Mr. Dimon’s continuing, long-term stewardship of the Firm, leadership continuity, and management succession planning amidst a highly competitive landscape for executive leadership talent.”
Translation: No one else wants to run a mega bank with a rap sheet like ours.
Here’s the sneaky way that the Board gave Dimon a $50 million bonus. According to the SEC filing, the exercise price of the options is β€œequal to the average of the high and low prices of JPMorgan Chase & Co. common stock on July 20, 2021” – the date of the award. As luck would have it for Dimon, the stock traded in a wide range that day, with a low of $146.33 and a high of $151.12, providing an average exercise price of $148.73 – a very low exercise price for a stock that has traded in the $160s this year. Dimon would get the difference between what he pays to exercise the option (the exercise price) and what it’s trading at when he decides to sell the stock.
Dimon cannot exercise the options for five years, at the earliest, but with the Board also rubber stamping Dimon’s ability to prop up the bank’s share price by using shareholders’ money to buy back tens of billions of dollars in stock each year, it’s a win, win situation for Dimon. It also doesn’t hurt that federal regulators insanely allow these mega banks on Wall Street to trade their own stock in their own dark pools.
The SEC filing also notes this about the stock option award: β€œThe options are not part of Mr. Dimon’s regular annual compensation and will not be awarded on a regularly recurring basis.”
That means that Dimon is also likely to get the $31.5 million (or more) in regular compensation that he received for calendar year 2020 from his hubristic Board, giving him a paper compensation of about $81.5 million for the year. (Which is going to send other Wall Street CEOs stomping into their Board rooms and demanding similar perks.) According to Forbes, Dimon has a net worth of $1.8 billion, the bulk of that coming from his stock-based awards at JPMorgan Chase, which are part of his annual compensation.
Dimon learned how to game his way to billionaire status via stock options from the Master – his mentor Sandy Weill. Dimon was Weill’s first lieutenant as they hatched up merging Citibank, the federally-insured bank, with Traveler’s, which at the time owned the speculative trading houses of Salomon Brothers and Smith Barney. The merged company was called Citigroup and was illegal at the time in 1998. It led to Congress repealing the Glass-Steagall Act the very next year in order to allow the deal to survive. Citigroup became insolvent just nine years after the repeal of Glass-Steagall, leading to the Federal Reserve Bank of New York secretly funneling $2.5 trillion in cumulative loans to Citigroup to prop it back up.
Weill’s Machiavellian get-rich-quick device became colloquially known on Wall Street as the Count Dracula stock option plan – it was impossible to kill it. You also couldn’t prosecute it, because Citigroup’s highly-compensated Board of Directors had authorized it.
Weill’s plan worked like this: every time he exercised one set of stock options, he got a reload of approximately the same amount of options. Stock option grants are supposed to be based on outstanding performance, which benefits the shareholders. But even in years when Citigroup was being pummeled in the media for facilitating frauds at WorldCom and Enron and issuing fraudulent research to the public, Weill continued to receive his re-loaded stock options.
(If you’re seeing a similarity here to what’s going on at JPMorgan Chase with Dimon’s stock options and stock awards, you’re on the right track.)
Graef β€œBud” Crystal, a corporate compensation expert, is the man who coined the Dracula analogy for Weill’s stock options. In an article for Bloomberg News, Crystal explained that between 1988 and 2002, Weill β€œreceived 96 different option grants” on an aggregate of $3 billion of stock. Crystal says β€œIt’s a wonder that Weill had time to run the business, what with all his option grants and exercises. In the years 1996, 1997, 1998 and 2000, Weill exercised, and then received new option grants, a total of, respectively, 14, 20, 13 and 19 times.”
When Weill stepped down as CEO in 2003, he had amassed over $1 billion in compensation, the bulk of it coming from his reloading stock options. (Weill remained as Chairman of Citigroup until 2006. The bank’s share price fell to 99 cents in 2009, despite all of the Fed’s secret bailouts.)
Weill had wasted no time in cashing out a big chunk of his chips when he exited management. One day after stepping down as CEO, the Citigroup Board of Directors made an exception and allowed Weill to sell back to the corporation 5.6 million shares of his stock for $264 million.
Which raises the question – what’s Dimon’s exit strategy? According to JPMorgan Chase’s most recent proxy filing with the SEC, as of February 28, 2021, Dimon owned 9,385,141 shares of the bank’s stock – the bulk of that achieved through option and stock awards. As of yesterday’s closing price of $150.93, those shares had a market value of $1.4 billion or 78 percent of Dimon’s net worth.
They bring him back as the CEO give me a break!
submitted by No_Wedding3450 to amcstock [link] [comments]


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