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2010.03.06 06:12 lampiaio EarthBound / MOTHER

/EarthBound is a subreddit dedicated to Shigesato Itoi's cult classic JRPG series, EarthBound / MOTHER!

2009.08.12 01:27 Mantraa A Warcraft 3 Grassroots Community.

A Subreddit covering the WC3 RTS community. Don't post about: custom games, ping issues and cd-keys.

2020.10.30 15:15 vulporion World Cap Pikachu code - K1NP1KA1855! Don't forget to claim them all!

The last of the Cap Pika codes was revealed today, so here are all the event codes and how to claim them.

Original Cap Partner Cap Hoenn Cap Sinnoh Cap Unova Cap Kalos Cap Alola Cap World Cap
Instructions on how to claim these taken from the official Pokémon website:
Use these steps, along with one of the above passwords, to receive each form of Ash's Pikachu.
  • Launch your Pokémon Sword or Pokémon Shield game.
  • Select Mystery Gift on the X menu.
  • Select Get a Mystery Gift.
  • Select Get with Code/Password to connect to the internet.
  • Enter your password.
  • Watch as the gift arrives in your game. (Pokémon will appear in your party or your Pokémon Boxes.)
  • Be sure to save your game.
You do not need to have purchased the Pokémon Sword Expansion Pass or Pokémon Shield Expansion Pass to claim any of these forms of Ash's Pikachu, and you can receive each of these forms only once in a single save file. Also, please note that Ash's Pikachu cannot evolve. Likewise, Ash's Pikachu cannot be fed Max Soup, which is featured in The Isle of Armor

These pikachus are redeemable for Pokémon Sword and Shield until November 30th , 2020.
submitted by vulporion to Pokemongiveaway [link] [comments]

2020.10.30 14:20 youngandhungry2 '02 LX - Is an accident a dealbreaker?

Howdy guys, I am still on the hunt for an LC/LX 100 series. I am in MD, but I saw this: https://www.timelessmotorcars.net/vdp/16793914/Used-2002-Lexus-LX-470-Sport-Utility-for-sale-in-Stafford-VA-22554 got a price drop in VA, it's now $7,900. The dealer just sent me the carfax: https://www.carfax.com/VehicleHistory/p/Report.cfx?partner=CUL_1&vin=JTJHT00W323523204&compCode=q4vjU%2F5EQcbvDndZKIijU5P%2BHW1TO0Eh it's one owner from IL, but has been in an accident. Is this still safe to buy? Does anyone have advice?
submitted by youngandhungry2 to LandCruisers [link] [comments]

2020.10.30 09:48 finarchemical AQUALIV and BOOST-C: Two sustainable and important Aquaculture requirements that need to be spoken about!

When it comes to aquaculture products, sustainability plays an important role in ensuring shrimps or prawns are growing healthily. Creating products that can aid their farming help in producing larger numbers, better quality as well as building trust amongst customers and consumers. In a country like India, where aquaculture contributes to 5.30% of the agricultural GDP and 1.07% of the national GDP, companies like Finar Chemicals have been leading the way in delivering high-quality products.
The demands of the Aqua sector are ever-increasing and Finar has been striving to meet them by being a holistic partner. Their large variety of eco-safe products ensure sustainable growth of the shrimps. Aqualiv and Boost-C are two such products produced and distributed by Finar that contribute to the healthy development of shrimps.
What are they?
How are they beneficial?
Let’s find out.
AquaLiv is a probiotic supplement that is made of beneficial microorganisms which help in increasing yield as well as provide health benefits to the shrimps. The best part about this gut probiotic AquaLiv is that its constituent microorganisms are normally present in the digestive system of the shrimps. This allows them to blend in naturally without disrupting the digestion process.
How is it beneficial?
Using AquaLiv has many advantages, some of which are listed below.
Boost-C, exactly as the name suggests, is a vitamin C supplement used for shrimps, prawns as well as fish. It plays the role of an enhancer of immunity along with being a feed supplement for them.
How is it beneficial?
Boost-C plays an important role in the health of the prawns and has many advantages that make it essential for their breeding.
Apart from these two products, Finar stands out as a leader amongst aquaculture probiotics manufacturers in India. They have some of the best facilities and infrastructure to produce top quality products. They have a large customer base nationwide and ensure that antibiotic-free, sustainable and natural products are distributed to their stakeholders.
They are ISO 9001:2015, 14001:2015, ISO 45001:2018, ISO/IEC 17025:2017, EXCiPACT and GMP certified company, and their commitment to innovation is the differentiating factor that showcases their superiority in the industry.
submitted by finarchemical to u/finarchemical [link] [comments]

2020.10.30 01:55 Real_Carl_Ramirez With many countries announcing new and ambitious emissions reduction targets, what should be done with the workers in the fossil fuel industry who would lose their jobs?

This question is inspired by this news article: Banks Don't Want to Lend to Australia's Coal Miners Any More
Meanwhile, many of Australia's major trading partners are announcing new and ambitious emissions reduction targets:
The people in the fossil fuel industry will lose their jobs when their industry winds back. As we saw in the 2019 federal election, concern about mining jobs helped the Coalition get re-elected. Since the Coalition got re-elected, they kept subsidising the coal industry, and will further support the fossil fuel industry by funding a gas-fired recovery.
What can be done to alleviate the concerns of fossil fuel workers? Because if we don't, they might repeat what happened in 2019: create enough political momentum to further subsidise a harmful, moribund industry that even the free market is ditching.
submitted by Real_Carl_Ramirez to AustralianPolitics [link] [comments]

2020.10.30 00:51 JP_Ervin Analysis of Weapons/Archetypes Going into Beyond Light

Hi everyone,
Bungie recently put out a TWAB detailing the sandbox changes that are coming in Beyond Light. Obviously, a lot remains TBD, especially until we see what sorts of weapons/perks will be available. Even so, I’m very excited by all of the changes, and have been trying to think ahead about Light Level-relevant weapons that might be worth taking for a spin on day 1.
I decided to write up some of my thoughts on primary weapons, with some recommendations of archetypes or specific weapons to mess around with. Some of these predictions are geared toward the meta, while I expect other weapons on my list will only be prominent with more casual players in low-stakes settings. Either way, I think we're in for a shift in terms of what people are using in bottom- and top-tier gameplay.
A lot of my research was aided by the Destiny Massive Breakdowns spreadsheet, which I’m sure most users here are familiar with. Because I wanted to keep this from getting any longer than it is, I don’t spend a lot of time reviewing all of the sandbox changes; again, they can be viewed here.
Of course, I would appreciate hearing about anything I missed, along with any disagreements, corrections, or other thoughts in the comments!
Generally, I’m optimistic about the upcoming changes. While the alterations aren't seismic, I do expect this to shift to one of the most balanced sandboxes we’ve had in a while. Nerfs to auto rifles and hand cannons mean a somewhat lower and generally more even TTK for popular weapons–hovering above or below .8 seconds for a number of prominent archetypes, including 600 RPM autos, 140 RPM hand cannons, 450 RPM pulses, and 150 RPM scouts.
These changes also hint at a decline in use of spray-and-pray weapons like Gnawing Hunger and Hard Light, ones that are best-suited to short- and mid-range encounters. As a result, I expect to see a shift away from the mid-range game that became pretty popular in the last two seasons, something that was especially facilitated by the popularity of auto rifles. Also relevant here is the nerf to snipers; it isn’t a game-breaker, but it will inspire people to step out of cover with a tad more confidence. Both changes potentially open up the game for mid-long-range primaries like scouts, pulses, and even bows.
If I’m on the right track, this means it’s worth thinking a bit about the weapons that fit your skillset and playstyle. Will you stick with hand cannons, which rely on precision shooting and cover-peaking? Or, are you going to lean more on pulses, which are much more forgiving compared to other classes of weapons? Or, will you turn to sidearms as a sturdy backup for long-range options like a sniper?
I also expect that the hollowing out of the mid-range paves the way for a close-range, high pressure playstyle. Shotguns will remain powerful, as will fusions and lightweight grenade launchers. The short-range primary front has a number of strong options to try out; now that an auto can’t melt you, there are a number of interesting choices for close engagements.
Long story short, my predictions for the meta are the continuing prominence of favorites like Thorn, Dire Promise, and The Last Word, paired with an even more prominent role for guns like Traveler's Chosen, Cold Denial, Crimson, Ace of Spades, Sunshot, Sacred Provenance, MIDA Multi-Tool, Jade Rabbit, and Vigilance Wing.
Here are my other thoughts:

  1. Hand Cannons
Let’s get started with hand cannons, which have to be one of the most interesting restructures in the upcoming sandbox. I expect hand cannons to remain relevant on all systems. The removal of 150s does weaken the whole class, but they retain value for their high damage-per-shot and utility in cover. The decline of autos and the increase to hand cannon range also helps them retain their value as an all-around weapon. I don’t have high hopes for 180 HCs, but 140s and 120s will be competitive with mid-long-range weapons and as players close the gaps. My guess is that the Dire Promise-Felwinter’s Lie combo is far from dead.

  1. Scout Rifles
I don’t expect scouts to become particularly dominant, but alterations to their AA cone and overall shifts to the meta will potentially let these guns shine a bit more. 150 Scouts will have a faster TTK than the fastest legendary hand cannons (140 RPMs), and also offer solid range and good perks. Smart positioning and good shooting can make this into a valuable option.

  1. Pulse Rifles
This group of weapons is the one I’m most excited about. Pulses have potential to be major players. While there were no major changes to any of them, some pulse archetypes have competitive range and excellent TTKs. Their burst fire also means that they will continue to be the more forgiving alternative to hand cannons and scouts, so I expect many auto users to convert.

  1. Close-Range Primaries
I wanted to throw in a grab-bag of primaries that will be interesting to consider for the short game. As I mentioned above, the nerf to autos potentially means that more players will be shifting to cautious lane positioning and longer-range weapons. That in turn opens up the door for players who like a high-pressure, in-your-face playstyle, overwhelming players who won't have anything suited to close distance. While the Ape approach will continue to reward shotgunners, there are a number of weapons I expect to be very handy as backups.
That's the list. As I said above, please sound off with any thoughts!
submitted by JP_Ervin to DestinyTheGame [link] [comments]

2020.10.29 23:30 SPAC_Time Ribbit LEAP, Ltd. Securities to Commence Separate Trading on or about November 2, 2020 LEAP LEAP.WS

" PALO ALTO, Calif.--(BUSINESS WIRE)--Ribbit LEAP, Ltd. (NYSE: LEAP.U) (the “Company”) announced today that separate trading of its common stock and warrants underlying the Company’s units would commence on or about November 2, 2020. The common stock and warrants will trade under the symbols “LEAP” and “LEAP.WS”, respectively. Units not separated will continue to be listed on the NYSE under the symbol “LEAP.U.”
The Company is a blank check company organized for the purpose of effecting a business combination with one or more target businesses. The Company’s efforts to identify a prospective partner business will not be limited to a particular industry or geographic region, although it intends to invest in visionary financial services entrepreneurs across stages—from initial idea and early stage venture to growth capital and the public markets. "
" On September 15, 2020, Ribbit LEAP, Ltd. (the “Company”) consummated an initial public offering (the “IPO”) of 40,250,000 Units (each, a “Unit” and collectively, the “Units”), including the 5,250,000 Units as a result of the underwriters’ exercise of their over-allotment option, at an offering price of $10.00 per Unit and a private placement with Ribbit LEAP Sponsor, Ltd. of 1,005,000 private placement shares at a purchase price of $10.00 per share (the “Private Placement”). Each Unit consists of one Class A ordinary share, $0.0001 par value per share (the “Class A ordinary shares”), and one-fifth of one redeemable warrant (the “Public Warrants”), each whole Public Warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. The net proceeds from the IPO, together with certain of the proceeds from the Private Placement, totaling $402,500,000 in the aggregate (the “Offering Proceeds”), were placed in a trust account established for the benefit of the Company’s public shareholders and the underwriters of the IPO, with Continental Stock Transfer & Trust Company acting as trustee."
8-K with Audited Balance Sheet :
Warrant Agreement with Cashless Exercise Chart:
" While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus our search for an initial business combination in the intersection of financial services and technology globally. "
submitted by SPAC_Time to Spacstocks [link] [comments]

2020.10.29 16:49 Ninjaboi333 [CMR] Spoilers for 10/29/20

Spoilers for 10/28/20 Spoilers for 10/27/20 Spoilers for 10/26/20
Note that unless otherwise noted, this thread ignores any leaked cards
Collecting Commander Legends
Official Card Image Gallery Official Variant Card Image Gallery
Spoilers Start Here
Livio, Oathsworn Knight - White Rare Partner MTG Thread EDH Thread
Kor Cartographer (reprint) - Common
Ninth Bridge Patrol (reprint) - Common
Source - EnndalGames
Belbe, Corrupted Observer - Golgari Rare Legendary MTG Thread EDH Thread
Court of Ambition - Black Rare Court MTG Thread EDH Thread
Hunter's Insight (Reprint, New Art) - Uncommon
Source - Nopi2200
Court of Virtue - White Rare Court MTG Thread EDH Thread
Archon of Coronation - White Mythic MTG Thread EDH Thread
Kellers, Sunmane Familiar - White Uncommon Familiar Partner MTG Thread [EDH Thread]()
Patron of the Valiant (Reprint) - Uncommon
Source - Iyingdi
Jeska, Thrice Reborn - Red Mythic Planeswalker Partner MTG Thread EDH Thread
Jeska's Will - Red Rare Will MTG Thread EDH Thread
Source - Merchant
Dargo the Shipwrecker - Red Uncommon Partner MTG Thread EDH Thread
Source - Good Morning Magic
Laboratory Servant - Blue Rare MTG Thread [EDH Thread]()
Myriad Landscape (Reprints) - Uncommon
Path of Ancestry (Reprint) - Common
Ludevic, Necroalchemist (Foil Etched Reprint)
Source - Fazendo Nerdice
Rograkh, Son of Rohgahh - Uncommon Red Partner MTG Thread EDH Thread
Source - DailyMTG
Eligeth, Crossroads Augur - Blue Rare Partner MTG Thread EDH Thread
Omenspeaker (Reprint) - Common
Preordain (Reprint) - Common
Source - AbuLae
Zur the Enchanter (Foil Etched Reprint - Uses Judge Promo Art)
Source - IGM
Wheel of Misforutune - Red Rare MTG Thread EDH Thread
Toggo, Goblin Weaponsmith - Red Uncommon Partner MTG Thread EDH Thread
Welding Sparks (Reprint) - Common
Source - Game Lotus
Colfenor, the Last Yew MTG Thread EDH Thread
Slash the Ranks MTG Thread EDH Thread
Sweet-Gum Recluse - Green Rare MTG Thread [EDH Thread]()
Fleshbag Marauder (Reprint) - Common
Source - The Command Zone
Najeela, the Blade-Blossom (Foil Etched Reprint)
Arcane Signet (Reprint, Full Art) - Uncommon MTG Thread
Source - Cristian Rojas
Jeweled Lotus - Artifact Mythic MTG Thread [EDH Thread]()
Scroll Rack (Reprint) - Mythic MTG Thread
Staff of Domination (Reprint) - Rare MTG Thread
Mulldrifter (Reprint - Has extended art) - In Precons only
Sky Diamond (Common)
Source - WeeklyMTG
Number Crunches and Cycles - Still Updating
Rarities Source
22 mythics (4 per color with one color missing - Partne6CCC/Creature/NonCreature - and 3 other)
  • W - Partner: ??? 6CCC: ??? Creature: Archon of Coronation NonCreature: Seraphic Greatsword
  • U - Partner: ??? 6CCC: Mnemonic Deluge Creature: Sphinx of the 2nd Sun NonCreature: ???
  • B - Partner: Tevesh Szat 6CCC: Profane Transfusion Creature: ??? NonCreature: Vampiric Tutor
  • R - Partner: Jeska 6CCC: ??? Creature: Port Razer NonCreature: ???
  • G - Partner: Kamahl 6CCC: ??? Creature: ??? NonCreature: ???
  • Other - Phyrexian Triniform Scroll Rack Jeweled Lotus
  • 77 rares (20 MC Legends + 5 CrowdLands + 5x10 per color (including 1 Partner / 1 Court / 1 Will) + 2 other)
  • 120 Uncommons (10 MC Legends / 21 per color (including 6 Partner) / 5 other)
  • 141 Commons (5 Diamonds / 6 Other / 26 per color)
  • 1 Special (Prismatic Piper)
  • 361 total cards
71 New Commanders
1/1 - Prismatic Piper
3/5 - Mythic Monocolor Partners - W: ??? U: ??? B: Tevesh Szat R: Jeska, Thrice Reborn G: Kamahl, Heart of Krosa
5/5 - Rare Monocolor Partners - W: Livio, Oathsworn Knight U: Eligeth, Crossroads Augur B: Sengir, the Dark Baron R: Krark, the Thumbless G: Kodama of the East Tree
6/10 - Rare Two Color Non-Partners- WU: ??? UB: Nymris BR: Blim GR: ??? GW: ??? WB: Liesa UR: Zara BG: Belbe RW: ??? GU: Gor Muldrak
3/10 - Rare Three Color Non-Partners - Bant: Amareth Esper: ??? Grixis: ??? Jund: Yurlok Naya: ??? Abzan: ??? Jeskai: ??? Sultai: ??? Mardu: ??? Temur: Averna
2/5 - Uncommon Familiar Partners - W: Kellers, Sunmane Familiar U: ??? B: ??? R: Kediss, Emberclaw Familiar G: ???
3/5 - White Uncommon Partners - Rebbec, Architect of Ascension / Radiant, Serra Archangel / Prava of the Steel Legion
4/5 - Blue Uncommon Partners - Brinelin, the Moon Kraken / Ghost of Ramirez DePietro / Siani, Eye of the Storm / Malcolm, Keen-Eyed Navigator
1/5 - Black Uncommon Partners - Keskit, the Flesh Sculptor
5/5 - Red Uncommon Partners - Alena, Kessig Trapper / Breeches, Brazen Plunderer / Dargo the Shipwrecker / Rograkh, Son of Rohgahh / Toggo, Goblin Weaponsmith
2/5 - Green Uncommon Partners - Halana, Kessig Ranger / Numa, Joraga Chieftain
0/10 - Uncommon Two Color Non-Partners
Foil Etched Reprint Commanders 11/32 - Hypothesizing one commander per color combination
  1. C - ???
  2. W - ???
  3. U - ???
  4. B - ???
  5. R - ???
  6. G - ???
  7. WU - ???
  8. UB - Silas Renn, Seeker Adept
  9. BR - Vial-Smasher, the Fierce
  10. RG - Xenagos, God of Revels
  11. GW - Sidar Kondo of Jamuraa
  12. WB - ???
  13. UR - Ludevic, Necroalchemist
  14. BG - Ikra Shidiqi, the Usurper
  15. RW - ???
  16. GU - Kydele, Chosen of Kruphix
  17. Bant - ???
  18. Esper - Zur the Enchanter
  19. Grixis - Nekusar, the Mindrazer
  20. Jund - Prossh, Skyraider of Kher
  21. Naya - ???
  22. Abzan - ???
  23. Jeskai - ???
  24. Sultai - ???
  25. Mardu - Queen Marchesa (Long May She Reign)
  26. Temur - Maelstrom Wanderer
  27. WUBR - ???
  28. WUBG - ???
  29. WURG - ???
  30. WBRG - ???
  31. UBRG - ???
  32. WUBRG - Najeela, the Blade-Blossom
Common/Uncommon Extended Arts - 7/32 - Found only in Collector Boosters
  1. Commander's Sphere
  2. Command Tower
  3. Acidic Slime
  4. Three Visits
  5. Reliquary Tower
  6. Arcane Signet
  7. Mulldrifter
2/5 - 6CCC Mythic Sorceries - W: ??? U: Mnemonic Deluge B: Profane Transfusion R: ??? G: ???
1/5 - Rare Courts - W: Court of Virtue U: Court of Cunning B: Court of Ambition R: ??? G: ???
3/5 - Rare Wills - W: ??? U: ??? B: Szat's Will R: Jeska's Will G: Kamahl's Will
2/5 - Common Diamonds - W: Marble Diamond U: Sky Diamond B: Charcoal Diamond R: ??? G: ???
5/5 - Enemy Crowd Lands - WB: Vault of Champions UR: Training Center BG: Undergrowth Stadium RW: Spectator Seating GU: Rejuvenating Springs
Maro's Commander Legends Teasers - Note that I'm ignoring leaked cards for this section
  • A card that lists fourteen creature abilities
  • A card that returns three different cards types from the graveyard to the battlefield (and not a combination we’ve ever done before)
  • A card that basically turns one evergreen keyword action into another evergreen keyword action Eligeth, Scry into Draw
  • A card that temporarily steals a creature from a new place - Zara, Renegade Recruiter
  • A card that’s stronger the fewer colors in your commander’s color identity
  • Multiple legendary creatures of siblings of previous legendary creatures Liesa, among others
  • A card that grants certain kinds of protection based on what permanents you have on the battlefield Rebecc, Architect of Ascension
  • A card that references both beginning phase and postcombat main phase Sphinx of the Second Sun
  • A legendary creature that shares four of the five words in its name with three other legendary creatures Kodama of the East Tree
  • A creature with four words of rules text and fifty-two words of reminder text
Rules Text
  • “damage doesn’t cause you to lose life” Archon of Coronation
  • “any number of Auras and Equipment you control”
  • “except for commanders” Slash the Ranks
  • “where X is the number of attacking creatures with flying” Siani, Eye of the Storm
  • “Whenever a token you control leaves the battlefield”
  • “Whenever one or more Pirates you control deal damage to your opponents” - Breeches and Malcolm
  • “Commanders you control have"
  • “X is the number of artifacts you control plus the number of artifact cards in your graveyard”
  • “chosen at random from among your opponents”
  • “You and permanents you control have protection from Salamanders” Gor Muldrak, Amphinologist
Creature Types
  • Legendary Creature - Horse Kellers, Sunmane Famliar
  • Legendary Creature – Elemental Lizard Kediss, Emberclaw Familiar
  • Legendary Creature – Spirit Pirate Ghost of Ramirez Pietro
  • Legendary Creature – Elephant Warrior
  • Legendary Creature – Chimera
  • Legendary Creature – Naga Druid
  • Legendary Creature – Turtle Shaman
  • Legendary Creature – Imp Blim, Comedic Genius
  • Legendary Creature – Faerie Knight Nymris, Oona's Trickster
  • Legendary Creature – Rabbit Wizard
Gavin's Commander Legends Teasers
  • A legend that is simply named, "Ghost of" a previous Legendary Creature. Ghost of Ramirez Pietro
  • A reprint of a card with new art which, until now, has only ever had that art available on Magic Online.
  • A permanent which has an ability that begins, "You control your opponents while"... Opposition Agent
  • A returning mechanic which has only ever appeared on a single Magic plane. Monarch
  • A cycle of 5 uncommon animal familiars with partner. Familiar Cycle
  • A creature of a type we haven't printed a new card for in over 20 years. Kobolds
  • Commander Legends has the 11th member of a popular 10-card cycle.
  • Commander Legends has two primary creature types which receive tribal cards: one that's more of a classic Magic tribe, and another that's only started getting real tribal support in recent years. Elves and Salamanders Pirates
  • Multiple characters who have only had a single named attribution in flavor text get their own card. (An attribution is, specifically, their name appearing after a quote.) Malcolm and Breeches (and maybe more?)
  • A Sorcery which begins, "Each player secretly chooses a number 0 or greater, then all players reveal those numbers simultaneously"... Wheel of Misfortune
  • A Commander that, essentially, brings back an old Magic rule. Mana Burn on Yurlok
  • An uncommon reprint card, that uses this new piece of artwork.
Where to Find Commander Legends Spoilers for Today
Spoilers from Tomorrow
submitted by Ninjaboi333 to magicTCG [link] [comments]

2020.10.29 12:13 Competitive_Cow_2001 [H] Talon Case Hardened MW #320 Tier-2, AWP Lightning Strike 0.0009fv, AWP Graphite FN w/ Navi, Fnatic, NiP, Complexity Kato 2014, Gut Marble Fade FN 2nd FIre and Ice [W] 27, 13, 12, 10 TB/PA arc or skins

Talon Case Hardened MW #320 Tier 2 Oceano https://s1.cs.money/0NDX9Cg_image.jpg in-game in-game 2 B/O 27 TB/PA arc or skins AWP Lightning Strike FN 0.0009fv https://s1.cs.money/5ZsV7SV_image.jpg B/O 13 TB/PA arc or skins AWP Graphite FN w/ Navi, Fnatic, NiP, Complexity Katowice 2014 https://s1.cs.money/IHYcqlT_image.jpg in-game B/O 12 TB/PA arc or skins Gut Marble Fade 2nd max FIre and Ice https://s1.cs.money/33enJzJ_image.jpg in-game B/O 10 TB/PA arc or skins Tradelink: https://steamcommunity.com/tradeoffenew/?partner=902110797&token=h524Bbvm
submitted by Competitive_Cow_2001 to RedditSteamTrade [link] [comments]

2020.10.29 09:35 HoldHerHand_4EVR Article on anger

This article includes the Infographics I already posted.
Also, see my previous posts. The links follow through, and somewhere in the bottom of it all, if you haven't seen it, is a link to my story (for the newbs).
Think of anger like an iceberg. Most of the iceberg is hidden below the surface of the water. Similarly, when we are angry, there are usually other emotions hidden beneath the surface. It’s easy to see a person’s anger but can be difficult to see the underlying feelings the anger is protecting.
For example, Dave believed he had an anger problem. When his wife would make a request of him, he would criticize her. He didn’t like his reactions, but he felt he couldn’t help it. As he worked on mindfulness and started noticing the space between his anger and his actions, he opened up the door into a profound realization.
He didn’t really have an anger problem. Instead, he felt like his wife was placing impossible demands on him. By seeking to understand and accept his anger, rather than fix or suppress it, he began to improve his marriage by recognizing his anger as a signal that he needed to set healthy boundaries for what he would and would not do.
Dave’s story points out an important concept. As Susan David, Ph.D., author of Emotional Agility says, “Our raw feelings can be the messengers we need to teach us things about ourselves and can prompt insights into important life directions.” Her point is there is something more below the surface of our anger.

Anger is often described as a “secondary emotion” because people tend to use it to protect their own raw, vulnerable, overwhelming feelings, yet anger is also primarily one of the six “basic emotions” in the Atlas of Emotions (anger, disgust, fear, happiness, sadness, surprise) identified by Paul Ekman in his research. Anger is simply felt by everyone at one point or another, and it’s completely valid as its own emotion.
But anger doesn’t come out of nowhere—there are usually other emotions or feelings that spur the anger, and that may lie beneath it. Underneath Dave’s anger was pure exhaustion and feeling that he wasn’t good enough for his wife. So his anger was formed by that disappointment with himself and protected him from deeply painful shame.
Learning to recognize anger as both a basic, valid emotion and as a protector of our raw feelings can be incredibly powerful. It can lead to healing conversations that allow couples as well as children and parents to understand each other better.
Below is what we call the Anger Iceberg because it shows the “primary emotions” lurking below the surface. Sometimes it’s embarrassment, loneliness, exhaustion, or fear.
One of the most difficult things about listening to a child or lover’s anger, especially when it’s directed at us, is that we become defensive. We want to fight back as our own anger boils to the surface. If this happens, we get in a heated verbal battle which leaves both parties feeling misunderstood and hurt. Here are three powerful tips for listening to anger.
1. Don’t take it personallyYour partner or child’s anger is usually not about you. It’s about their underlying primary feelings. To not taking this personally takes a high level of emotional intelligence.
One of the ways I do this is by becoming curious of why they’re angry. It’s much easier for me to become defensive, but I’ve found thinking, “Wow, this person is angry, why is that?” leads me on a journey to seeing the raw emotions they are protecting and actually brings us closer together.
**2. Don’t EVER tell your partner to “calm down”**When I work with couples and one of the partners get angry, I have witnessed the other partner say, “Calm down” or “You’re overreacting.” This tells the recipient that their feelings don’t matter and they are not acceptable.
The goal here is not to change or fix your partner’s emotions but rather to sit on their anger iceberg with them. Communicate that you understand and accept their feelings.
When you do this well, your partner’s anger will subside and the primary emotion will rise to the surface. Not to mention they will feel heard by you, which builds trust over time.
Maybe you grew up in a family where anger wasn’t allowed, so when your partner expresses it, it feels paralyzing and you freeze. Or maybe you try to solve their anger for them because their anger scares you. Open yourself up to experience you and your partner’s full spectrum of emotions.
3. Identify the obstacleAnger is often caused by an obstacle blocking a goal. For example, if your partner’s goal is to feel special on their birthday and their family member missing their special day makes them angry, identifying the obstacle will give you insight into why they’re angry.
The bottom line is that people feel angry for a reason. It indicates other emotions, but it is also a valid emotion on its own. It needs to be validated. It’s your job to understand and sit with your partner in it. By doing so, you will not only help them to understand their anger, but you will become closer to them in the process.” by Kyle Benson first published in The Gottman Institute
Kyle Benson is an Intentionally Intimate Relationship coach providing practical, research-based tools to build long-lasting relationships. Kyle is best known for his compassion and non-judgemental style and his capacity to see the root problem. Download the Intimacy 5 Challenge to learn where you and your partner can improve your emotional connection and build lasting intimacy. Connect with Kyle on Twitter and Facebook. For more tools visit kylebenson.net.
I downloaded the Intimacy 5 Challenge linked here, but have yet to evaluate it. It was free other than adding an email. We'll see how spammy that gets.
“Feelings of anger can be interpreted as a protective cover for what we really feel underneath.
Anger is a secondary emotion that is more socially acceptable to express than the primary emotions we feel. Showing anger allows us to protect our vulnerable feelings of:
1. Fear2. Jealousy3. Shame4. Sadness5. Hurt
If someone says something derogatory, controlling, or demeaning to you, it may seem like a personal attack. You may feel fear, shame and/or grief because you are being treated in such a demeaning way. Instead of voicing these vulnerable feelings that you may believe are weak, you lash out in anger to feel more in control. Unfortunately, reacting in aggressive ways like yelling, throwing things, pushing or hitting does not address what you are really feeling.
The next time you begin to feel angry, pause and think: “What am I feeling underneath?” Explore the feeling of sadness, shame, jealousy or fear that your anger is covering. Think about what outcome you want from the situation and the best way to achieve it. While you take time to reflect on your internal thoughts the anger will subside. You may need to count to ten or leave the room. Think of the best way to express your primary feeling to the offending party.” Excerpt from Anger As A Secondary Emotion.
“The next time you begin to feel the buildup of anger, I urge you to look deeper to find the origin. Here are a number of emotional possibilities that can guide you to the root of your anger:
SADNESS can lead to anger if you don’t allow yourself to acknowledge and express the sorrow.
FEAR (False Evidence Appearing Real), WORRY, and ANXIETY are very uncomfortable and create inner tension. Some people are more prone to release this tension with tears, some with movement, and others by striving to control their world. When this control is not successful (it rarely is), angry outbursts are often the result. Therefore, fear is one of the first emotions that I look for when I see anger.
FRUSTRATION occurs when you think you are trapped and disempowered.
DISAPPOINTMENT with self, others or scenarios (real or imagined).
EMBARRASSMENT leading to anger can be a cover story for shame, anxiety, or perfectionism.
JEALOUSY can really be a questioning of your own sense of value.
HURT feelings are often your “inner child” (see below) being triggered, leaving you feeling vulnerable.
Being MISUNDERSTOOD can be an indicator of not being seen as Who You Really Are.
GUILT’s purpose is to learn from an experience. One’s perfectionism (and subsequent shame) can lead to anger.
SHAME is one of the most complex. Authopsychologist Dr. Brené Brown explains: “Guilt says: I made a mistake. Shame says: I AM a mistake.”
SENSORY OVERLOAD is when you are overwhelmed by the five senses or by an onslaught of emotions, triggering excessive inner tension that explodes as anger.
Learn to defuse and neutralize your anger with these steps and ideas:
To familiarize yourself with the precursors, go through each of the emotions above and identify an example that occurred at some time in your life.
Plan to identify your anger-precursor any time that you explode, or even better, when you feel anger mounting.
Learn ways to release your inner tension. These are similar to the strategies for decreasing stress and anxiety:
REFRAMING YOUR INTERNAL DIALOGUE by recognizing truth instead of assumptions
Learn to express yourself to others assertively, not aggressively.
Be willing to acknowledge your true self so that you know what you really need rather than “being the good boy/girl” and “not making waves”.
Recognize that many of the emotions listed above are carry-overs from your childhood. This is called your “inner child” and s/he thinks s/he is warning you about events in the now, but s/he only has the perspective of the powerlessness of childhood. S/he needs to be assured that you, the adult, have the ability to handle this situation from an adult perspective. And you do!
Write a letter that is NOT sent, expressing how you feel. If you prefer a more verbal method, do this orally (without the person present).
Release the inner tension and your deepest feelings with singing, art, or movement such as exercise or dance.
Share your frustrations and hurts as they occur while they are still small, bearable and manageable, so that you don’t need to experience the erupting volcano.
Anger A Secondary Emotion - What Are We Protecting?
I went a bit into some of these strategies, as well as turning towards your spouse when dealing with triggers in this comment.
Chin up, folks. Remember, even if "the worst" happens and you do not recover, you will never lose if you become a master at having a safe and healthy relationship - the best you can offer is to model and share that life!
submitted by HoldHerHand_4EVR to AsOneAfterInfidelity [link] [comments]

2020.10.29 04:53 Libby206 CDPROJECTRED’s Adam Kiciński Q&A Transcript.

I believe a link was posted earlier on this sub by a gentleman but here it’s is again with text.
Adam Kiciński (AK): Greetings, I’m Adam Kiciński, Joint CEO of CD PROJEKT. Thank you for joining today’s call which concerns the postponement of the Cyberpunk 2077 release date by 3 weeks - until December 10. We would like to briefly explain the reasons behind today’s decision and also answer any questions you may have. First and foremost, on behalf of the whole Board, I would like to offer an apology for breaking our promise and failing your trust. We underestimated the time required for the very final processes. The game is ready for the PC and runs great on the next-gen consoles, and could be shipped on the scheduled date on those platforms. However, even though the game has been certified on the current gens by both Sony and Microsoft, some very final optimization processes for such a massive and complex game require a bit of additional time. Moreover, while we are releasing on the PC and two console brands, we are, in fact, preparing and testing nine distinct versions of the game, for the following platforms: PC Xbox One Xbox One X PS4 PS4 Pro compatible releases on Xbox Series S and Series X PS5 compatible release ...and Stadia. And last but not least, despite all the effort taken to limit the impact of Covid-19 on our work, the current epidemiological situation at this final stage of the project is not making things any easier. We are fully aware of the consequences of this decision, but at the same time, we feel we have an amazing game on our hands and believe that the decision is the right one to take, and will be borne out in the long run. With that, I think we can go ahead with the Q&A session. I am at your full disposal, as are Piotr Nielubowicz, our CFO, and Michał Nowakowski -Member of the Board responsible for our publishing policy. Q1: Good evening. I’ve got 3 questions. My first one – going back to what you said in the middle of June when you last delayed the game – I think you specifically ruled out delaying it again beyond November 19. My question is – why is it different this time; why you’re confident that you can get this game out on December 10. Secondly, you mentioned in your comments that “we have an amazing game on our hands”. Could you provide some feedback that you’ve been getting from testing on how the game plays and we can get comfortable – when we actually get the game out – that it will be an amazing game and the quality will be as high as you expect it to be; some color on that would be very helpful. And thirdly – longer term, you’ve had some issues with getting this game out in the timeframe that you had set; you cited the complexity a number of times. But obviously you’ve got a very big project to come over the next couple of years, to get the multiplayer out – so, how confident are you that that you are going to be able to handle getting mutiplayer out in 2 years? Has your experience with single-player games increased your confidence or decreased it? Thank you very much. AK: Thank you for your questions. Starting with the first one – we are in a very different situation now; as I’ve said, we have the game ready on the PC and it plays great on both next-gen consoles. We’re
finalizing the process on the current gen. To be honest, releasing on the 19th was possible as well, but we believe that having these extra three weeks will enable us to get more things ready to our satisfaction. But we’re talking only about technical things at the very final stage. Our confidence now is even greater than before – we have the game and can play it. I don’t know how best to explain it, but the confidence is there – we’re glad to have more time and believe this is the right move. I know three weeks doesn’t seem like a long period, but it actually doubles our available time starting from the moment the decision was made; this can greatly help us with those technical matters regarding current-gen. I’ll pass the second question to Michał because he has recently been playing the game quite heavily, so perhaps he can share his own opinion too. Michał Nowakowski (MN): This is Michał Nowakowski – I’ll actually not share my own judgment; I’m not impartial, of course, but when it comes to feedback from testing, we have quite a bit of that by now. The feedback is actually quite lengthy and it would take us way too much time to pass it; a lot of it is very technical, we break it down into very minute answers on some points, but one thing has been recurring in all of the test we’ve done. We’ve had people complete the game – for example, just yesterday night we had people complete the game in Japan, and we heard from them – and we keep hearing that it’s unlike anything they had played before. And that comes from the mouths of people who are actually fans of videogames, and I can assume have seen quite a lot. So, that gives us a lot of confidence in the quality of the content we have prepared. It’s of the highest standard and we’re super happy with what we’re about to deliver. AK: And the third question, about future projects – it’s a hard lesson and we know that we have to make certain organizational changes on the technical side of the company, but we believe that we have resources, and – frankly – such a harsh lesson makes us better prepared for future challenges. We take this lesson seriously and we believe that future projects, on the technical side, will be carried out properly. Q1: Could you elaborate a bit about what you mean by “technical issues”? AK: I think we should have had the game playable at earlier stages. With such a big game, too many things may have been put together at a late stage. We should have had more playable builds earlier. Well, what can I add? We’re particularly focused on the content and on delivering the greatest games, but at the same time we believe we can organize the technical side by putting together playable versions earlier than before. Regarding multiplayer – it’s a different project; we actually have initial prototypes and will keep them running throughout the whole course of production. And of course there is one more thing: targeting future releases – probably – just for next-gen will help a lot. We are releasing a game which is, to be honest, a next-gen game, and we’re preparing it for fairly old machines, which poses certain unique challenges that won’t occur in future projects – at least in the next one. Q2: Hi everybody. Still looking forward to visiting Night City. I’ve three questions. One question is to take the opposite tack and ask for assurance from you that you’re confident that this is enough time – because one could worry that – let’s suppose – you needed 7 weeks, which would have implied the game comes out in early January, which, commercially, is not a good time, and it’s the next financial year, so – are you confident this is enough time? Secondly, I’m sure you’ll receive some criticism for the extended crunch – will this relieve any pressure? And does this therefore mean that cash receipts will fall into the next financial year? And finally, have any refunds been requested because of the delay and do you think this could provoke requests for refunds? Thank you. AK: We feel firm. As I said, the game is releasable on the 19th and having those 3 more weeks just gives us more changes to fix this and that – so we feel secure. Of course the decision was not easy, but we also know that the release only happens once. The first impression is crucial, and in the long run
having a few things done which wouldn’t have been done in time for the 19th will work in our favor. We feel – maybe not comfortable [chuckle], but confident and will are releasing on the 10th. Regarding crunch; actually, it’s not that bad – and never was. Of course it’s a story that has been picked up by the media, and some people have been crunching heavily, but a large part of the team is not crunching at all since they have finished their work; it’s mostly about Q&A and engineers, programmers – but it’s not that heavy; of course, it will be extended a bit, but we have feedback from the team; they’re happy about the extra three weeks, so we don’t see any threats regarding crunch. MN: I think the third question was whether the majority of revenues and cash collection would be moved to the next year – they’re actually separate things. When it comes to revenues, I wouldn’t go as far as saying that the majority of revenues would move – but of course we’re going to have less time during the current year, so a significant portion will move. For the cash I’m gonna allow Piotr to speak in a second; I’m just going to talk about refunds (Q2: I mean for people who have decided that December 10 is too long and they can’t stand to wait another three weeks. You can tell I’m not convinced it’s a big problem, but tell me.) – Well, we don’t think it is, to be perfectly honest; we think people will wait for the game. We see people are excited; I can’t imagine huge masses of people cancelling their preorders and collecting their money back. Whether someone’s gonna do it? Well, of course, whenever there is an event like that there’s always someone who’s frustrated and cancels their preorder. Sometimes these people do come back; sometimes they don’t. Of course we’re going to do everything we can by coming up with materials, previews and so on to convince these people to come back if this is the case – but we don’t see that as a mass problem. When it comes to cash, I will hand it over to Piotr. Piotr Nielubowicz (PN): Hello. There will be a couple of sources of cash inflowing into the company. First, installments due to us upon the release of the game. The release will still occur this year, so such installments should land in our bank accounts before the end of December. Next, with physical distribution reporting occurs in quarterly cycles, so regardless of the release date, whether in November or in December, reports will be delivered to us at the beginning of the next year, as will the corresponding payments. In the case of digital distribution, especially on PC, reports are delivered on a monthly basis, so this year we should collect payments for all the preorders generated in November; however December sales will be reported and paid for at the beginning of the next year, so we assume that release sales will shift from the November to the December window. In this case, the revenues will also move to the beginning of the next year. The net result is that the cash flow for the company may be delayed by 1 month, or, in cases where we generate sales via GOG – by 21 days, so it’s not a significant delay in terms of the time that is to be considered. Q3: Thanks and good evening. You mentioned that – not a majority of revenues, but a significant portion – would move to next year. Could you tell us roughly how significant that move is in your view? The second question concerns expenses: how will this impact expenses for the company; particularly marketing, but also any other expenses which are impacted – is there any impact on how you pay your physical distribution partners? And then – I didn’t quite catch the explanations on the different platforms that you just gave regarding revenues in cash moving into January for some of those platforms – could you go over that again please? PN: First of all, I referred to the question of the cash being postponed, not the revenues being postponed until next year. As far as cash is concerned and whether it will be partially postponed until next year in physical distribution, the situation will not change – in both scenarios (November and December release) the situation is that payments of our royalties will happen at the beginning of the next year. In the case of digital distributions, all royalties for PC preorders placed in November should be reported and paid to the company this year, while royalties associated with December sales will be reported and paid at the beginning of the next year. So, this does not change the whole system;
however, release window sales will occur – in the case of digital distribution – in December and not in November; only preorders on the PC will be paid for by the end of the current year – so this is the change I referred to. Secondly, you asked about revenues being moved to 2021. Yes; definitely, the time for the game to exist on the market this year will be shortened by 3 weeks, but we also performed an analysis of sales of The Witcher 3 post-release, and this exercise revealed to us that the vast majority of sales, approximately 90%, happened within the first four weeks following the release, the vast majority of the sales for TW3 in the quarter of release. All key events and circumstances stimulating sales will still occur this year – I’m referring to the release of the game and also the pre-holiday season which should also support sales. Thus, we believe that even though this year’s time window for the game is shorter, revenues may be slightly lower but will still be very much comparable to our initial plan. And what’s even more important – we are not developing the game with the idea of generating only single-quarter revenues. The entire project is designed to result in a game that will continue to sell and generate revenues for years, as in the case of The Witcher 3, The Witcher 2 and even The Witcher 1, which still continues to sell at levels comparable to its release window and provides high value. The same is true for Cyberpunk; obviously the current year is somewhat affected, but the decision to focus on quality should support long-term sales of the game. The second question was about expenses, so – definitely, we’ll need to rethink the marketing campaign and reschedule it a bit to cover the release window in December. Such rescheduling will most probably involve an increase in marketing expenses, but it’s too early to show exactly how the marketing budget will increase. The decision is really fresh and we are working on rescheduling the marketing campaign as we go. Q3: Could I just clarify two things – what happens to the cash flow from the digital console sales; when does that come in? And could I just double-check – you said that for The Witcher 3 90% of the sales came in when you released it, in the first four weeks? PN: We released The Witcher 3 in the middle of the quarter and it enjoyed exactly six weeks of sales before the end of the release quarter. Out of these six weeks, the first four weeks accounted for approximately 90% of total first-quarter sales – that’s what I wanted to say. As far as cash from digital console sales is concerned, it should arrive in our bank accounts at the beginning of the next year. Q4: Thank you and good evening everyone. My first question is: can you disclose anything in terms of the level of preorders for the game, either on PC or somewhere else? Does the delay change anything in terms of your unit expectations? My second question is: given your comments regarding the quality of the game, I’m curious what sort of Metacritic score would you be disappointed with. And my third question: in order to boost sales in December, would you consider offering a bit more aggressive discounts? Is there a risk that the average selling price is a bit lower than what people would imagine? Thank you. AK: I’ll take the first one. We can’t say too much about preorders, but what we can share is that the ratio between preorders of The Witcher 3 at the same stage and preorders of Cyberpunk continues to strongly satisfy. We’re happy with preorders and we’re looking forward to the final stage. The majority of preorders always occurs at the very final stage. Regarding Metacritic expectations – perhaps Michał can cover this, and as for sales – we believe that the 21 day shift shouldn’t change anything; it just moves sales and we really focus on the long-term perspective in terms of sales. This is secured by quality and nothing else matters, so – having better quality and a better initial reaction to the game always works in favor of sales; that’s why we are delaying. As I’ve said – we don’t have to, but we believe that having this extra time gives us a better assurance that everything is as it should be with the game which is coming on the 10th.
MN: So, when it comes to Metacritic, we continuously aim at a 90+ game, so nothing has changed here; this remains the goal and, as Adam mentioned, this is actually the main reason for postponing the release. We want to give the game an extra polish; we’d rather be slightly ashamed right now in front of you than be ashamed in front of the players once the game releases. In terms of average selling price, whether it’s going to be somewhat more aggressive – the answer is no. This was not the plan when we were planning to launch on November 19, and it’s still not the plan for the December 10 launch. We believe we have a premium title that’s coveted by the players and we don’t need to offer any extra incentives – I think everybody who is going to be working on selling this game, in retail and on digital platforms, is going to be happy with what the game can make once it starts selling. Q5: If I could just ask one follow-up: are you going to spend a bit more around advertising and marketing to perhaps cover for the “negative PR” caused by delays or will the marketing budget remain unchanged? MN: There is going to be some extra support in terms of budget, that’s for sure, to account for the changed date; yes. Q6: Good evening; couple of questions. It’s quite rare to get a delay after the gold certification for a game. With a lot of copies sold digitally, does this cause any logistical issues or is it just a question of having a bigger Day 1 patch? And the other question I had was on the changed release schedule for the Stadia version. I understand it has recently been pushed ahead to coincide with the launch on all the other platforms. You mentioned the challenge of launching 9 versions at the same time – so could you explain that decision in light of this delay? Thank you. MN: Just to be sure I understand the first question correctly – is it about whether the delay after gold have something to do with logistical issues? (Q6: No – whether it brings any logistical issues with it). OK, I understand. Yes, it brings certain issues because of course we’re not releasing the stock into retail as was planned, on November 19, but it’s not really a huge challenge – it’s more of a warehousing issue rather than anything else; no transports have been moved from the warehouses and so on. So, there is nothing complex going on in the background – such as making crazy calls, trying to do something about that – it’s really just about keeping the stock in the warehouses. So it is kind of an issue per se, but nothing really complicated or challenging. About the release on Stadia – could you rephrase? You broke up a little bit – I heard up until the point you said that we had moved it to occur on the same date as the regular launch, but I didn’t hear the actual question. Q6: Yes, in the context of what you said about the challenge of launching on 9 platforms at the same time, could you explain the decision to proceed with the Stadia launch a bit earlier? Why not postpone it until after the launch of the other versions to alleviate the strain on Q&A and engineering teams? MN: I understand. Stadia doesn’t really affect the complexity of the issues. The things we’re fixing in terms of performance are on a higher layer than Stadia. Stadia is kind of a PC build which, as Adam mentioned at the very beginning, is pretty much ready; so – it really doesn’t pile up. This is why we’ve been able to move it to coincide with the PC release, but the polish is needed to fix all the bugs and quality issues that we’re still facing, and we see that we can’t fix them by the 19th – that’s the only reason we’re moving the date to December 10. Q7: Good evening and thank you for taking my question. You said that the game is “kind of” ready for the next-gen consoles and the PC, and the issue concerns the current generation. Can you say whether you had considered splitting the launch into next-gen/current-gen? And the other question is: can you confirm whether it’s just about optimizing the game so that it runs efficiently on the current generation – or are there also glitches that need to be taken care of during the last three weeks before the launch?
MN: I’ll start with the release date: we have not considered splitting the release; we’re big believers in serving everything at the same time. It’s much more reasonable from the perspective of how the team operates and it’s also convenient from the marketing perspective. So the answer here is no. You also mentioned that the game is prepared for next-gen. I would instead say that it’s ready to be played on next-gen – that’s an important distinction because our true next-gen version is going to come later. But yes; the game can be played and I just wanted to make sure that’s not misunderstood. Now, about optimization and so on – games of such complexity and magnitude always have some bugs upon release. This is understood; it’s commonplace – anybody who has played any game out there, like GTA, RDR, The Witcher 3 – any of the big games – knows there are bound to be some bugs. It’s more about the scale and the quantity of these bugs, and it’s really the only issue we’re facing – so of course we’re going to continue improving and working on the game once it launches, as was the case with The Witcher 3 – as everybody knows – but when it comes to the launch moment, we want people to not be pestered by something that is going to be truly problematic for them; we want them to avoid those kinds of situations; we want them to enjoy their arrival in Night City – so, coming back to your question, yes, it’s basically optimization and all the challenges related to that. There’s no other “hidden story” here. Q8: Good afternoon. I just want to ask three questions. Do you have to pay any contractual fees due to delaying so close to launch – to distributors or marketing partners? The second question is about preorders: I wonder what happens to preorders in case of a delay. Are they automatically cancelled in some stores; are you aware of any channels that cancel preorders due to a delay? And the third question: you said that the ratio between preorders for Cyberpunk and The Witcher 3 is very satisfactory; I wonder if this justifies the threefold increase in the marketing campaign which you said was the case with Cyberpunk. MN: OK, I can take the first two. Regarding contractual fees – there’s no penalty in our contracts that we would be facing from any of our partners. The delay is really not that big; it’s three weeks – of course it’s going to impact the amount of time we’ll have to actively sell the game during this calendar year; that’s pretty obvious, but it really doesn’t change expectations towards the game – it’s still out there to be played, so, no. Not only are there no contractual penalties, but no one is demanding any kind of penalties. In terms of preorders being cancelled – this is highly specific to every channel; it depends on the channel’s policy. We don’t really control particular retailers or their policies; however, I know for a fact that there’s no retailer that would cancel all preorders automatically. Some retailers may offer the ability to cancel preorders until the moment of launch, but, frankly speaking, this is something you can typically do with a preorder even in the absence of a delay – if you wanted to cancel a preorder of our game on Amazon yesterday, before we released the news, you could have done it without any hassle whatsoever. So, this is something of a typical practice; you can cancel preorders at any moment in time before the game actually launches and ships. Nothing has changed in regard to that. Yes, there may be some people who would actually cancel preorders right now, because they’re tired, but I still think we can win those people back. I’ll hand over the third question to Adam. AK: The simple answer is – yes. All the data we have, both internal and external, justifies the scope of the marketing campaign, and perhaps we don’t sound very happy today, because – you know – it’s a tough decision, but on the other hand, we’re sure we have something really amazing on our hands and we truly believe that once the game is released, everyone will understand how difficult it was and how great the game is, and then all those bitter pills we had to swallow on the way will seem like a small thing compared to the satisfaction that we’ll enjoy. So – don’t get us wrong, we of course a little stressed internally; we would have preferred to release on the 19th, but on the other hand we feel very strongly about the game. Q9: Good evening everyone. My question relates to the momentum of console sales that may play a bigger role this time around. Do you think that the recent deterioration in economic outlook due to
the pandemic may have affected potential sales – with people perhaps less incentivized to buy as early as November, and maybe moving the date closer to Christmas would optimize potential sales? PN: It’s hard to reliably estimate the influence of the pandemic upon sales. We know from our experience in March and April that it offered something of a tailwind for the videogame industry – videogames were among the limited number of entertainment forms that people could enjoy at home, and this particularly boosted digital sales. So, if the situation repeats at the end of the current year, it might offer some support for the game, but I don’t think it hinges upon whether the release takes place in November or December. In any case, the course of the pandemic is not where we look for sales support in the case of Cyberpunk. Q10: Hi, just one question: some people would have thought three weeks before release is quite late for a delay, but as we work towards the new December 10 date – when do you really need to make a final decision that everything would be ready for that date? When do you believe it’s physically too late to delay a game further? Is it two weeks before, one week before...? When can we get comfortable that the game is definitely coming out? MN: We’re not really analyzing it this way because, to be honest, we don’t see such a thing happening. I do realize you’ve actually heard this from us before, but this is pretty close to the launch and – as we’ve mentioned several times – the game is ready; it’s there; you can actually walk through the whole game and a number of people around the world who were given access to the game, have done it. We need to be sure about the performance and that the glitches are gone, so – there is no such analysis at all; we just haven’t thought about that. Q10: Okay, so – basically – we can be comfortable now that the game is definitely coming out on December 10, is that what you’re saying? MN: That’s more or less what I’m saying, I guess – yes. Q11: Hello again. A couple of questions. One was just to clear up the next-gen point. As I understand it, the game will come out on the 10th, playable on, say, PS5, but the actual optimized next-gen version is still scheduled for the first quarter of the next year for both Xbox and PS5. The second question is: does this have a knock-on effect on DLCs? I guess large parts of the studio can be working on those, but still – the engineering and the Q&A guys will be very busy, and for longer than you had ever expected – so does this potentially affect the timing of DLCs, of which we can expect at least three – correct me on that. Thank you. AK: So, with next-gen: what we are releasing now is the current-gen version, which can be played on next-gen consoles thanks to backward compatibility, but without next-gen-specific features. Being strong machines, next-gen consoles are comparable to very strong PCs – they have more memory, much faster hard drive access and so on and so forth. So – the console version played on next-gen looks great; instantly. Next year we will be releasing a full-blown next-gen version – perhaps not optimized for next-gen, but with next-gen features implemented. It won’t be – like the current version – merely an emulation of the current gen. Regarding expansions – we expect no impact. Fortunately, those who are finishing the game and are now involved in those final processes, are not required at this stage of development of the expansions. We don’t expect that this will influence our further schedules. Q12: Hello. You mentioned that the problem was with the current-gen consoles. Is the problem different for Xbox and PS4, the latter of which is perhaps a bit stronger – or is it very similar for both consoles?
MN: Hi; Michał Nowakowski again. I wouldn’t say there is a “problem” because there’s nothing wrong with Xbox or PS4 versions – there is optimization to be handled, also because of how we were approaching things from the get-go in terms of development; so – there is no problem with Xbox or PlayStation 4, to be honest. Now, in terms of issues – I don’t think there’s much point in going there. Yes, there are some issues that are similar – I’m not going to go through a full bug report here; that’s probably pointless – but let’s put it like this: there are some issues which are common to both platforms and some issues which are slightly different; it’s a mixed bag, really. It’s something that can be handled, can be done and something that we’re currently working on. It’s a huge game, so there are a lot of things to be tackled – which is the underlying reason behind the conversation we’re having tonight. Q12: My question was related to the rumors form one year ago, I believe, which said that there were some problems with optimization for Xbox, but as I understand – this is not related? MN: This was a total hoax; a fake rumor. That I can say; otherwise – there’s just regular work to be done on both platforms. AK: And I’d like to add one more thing: having the game certified means it’s optimized and it works, but it’s a big game and what we’re going to do in those next couple of weeks is to make it as good as it can be on the current generation – so we’re trying to bump everything as much as possible. Moderator: Thank you; this concludes today’s Q&A session. Mr. Kiciński, I will hand it over to you for any closing remarks. AK: Thank you everybody; tomorrow we are available to take any follow-up questions you may have. Please contact our IR team directly via e-mail or phone. Thank you very much and tune in to our Q3 results. Bye bye!
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2020.10.29 00:10 virtualpostmail 2020 Ultimate Guide on How to Choose a Business Addresses

It is necessary for a new startup, but does the type of business address matter? Yes it does.It can seem overwhelming to sift through all of these options and decide what is best for you. Guess what, you don’t have to stress because we did the work for you.Here’s a comprehensive list of business address options to consider when deciding what kind of business address to choose. Before we look at those, let’s dive into the details of what business addresses are and why they can help your business.

What is a Business Address

A business address is an address that is separate from your home address that can be used for all official communications. It is a base of operations for your business that can both receive mail and be used on official forms. Your business address can be your commercial office or another physical address.

Why Do You Need a Business Address

Deciding on what should be your business address is often one of the first things you need to do when starting a new business. You may not think it’s something important and decide to start off in your home. Many startup owner’s do this and begin out of their home, think Steve Jobs. But per the definition above and the problems you’ll have as a startup it’s not ideal (more on that later).A home address might save costs initially, but there will quickly be other aspects to consider, including privacy issues, zoning rules, and other problems surrounding liability. Those are big risks with just working from home.So now this is where using a separate business address can help.Using a separate physical address as your business address (instead of your home) can make your company look more legitimate and encourage others to do business with you.A physical business address that’s not the same as your residence can boost your credibility and professionalism and build trust with your customers, suppliers and partners, plus protect yourself and your business privacy.For example, think about yourself as the customer doing an online search of “Pete’s Business” and you see a house. Do you want to pay money to that business? Is it a scam?Often customers will not trust you by seeing a home address and that’s why using a separate business address is ideal. Plus, you don’t want angry customers knocking on your door.

When Do You Need to Get a Separate Business Address

There are some cases you’ll absolutely need to find a separate business address. Here are the reasons you’ll need to find another option.

You Have a LLC, Corporation, or Partnership

Most of the mail for your business must be sent to a physical street address. This is especially true if your business is forming an LLC, corporation, or partnership. The address must also be valid in the state in which you formed your company.

You Run a Remote Business

If you’re running a remote business or are a digital nomad who runs a business maintaining a physical address could be difficult because your home is the world.You're a free soul un-attached to one single location. Sadly, you’ll still need a permanent address to do a lot of your business and there are solutions, such as a virtual mailbox, that can help you live your best life.

What Are My Options for Getting a Business Address

Once you know exactly what your business needs, it’s time to find the kind of address that will benefit your business the most. Here are some of the best business address options available.

1. Home Address

A home address is where you personally live. This is the go-to option for many new businesses, especially startups. According to 2017 data from the Small Business Administration 60% of companies without paid employees operate out of the home, and it is therefore the obvious choice for them.

The Pros of a Home Address

The biggest advantages of using a home address include the ability to easily receive important mail and packages, no commute, convenient, and free!

The Cons of a Home Address

The most significant problems of using a home address are with potential legal consequences (liability).Other cons of using a home address include looking unprofessional and leaves your personal address and information vulnerable for anyone to see. Certain cities have zoning and HOA laws that prohibit a business from being run out of a personal home so you might not even be able to run a business.

Who is a Home Address Best for

A home address can be a good option for those selling their time rather than a product (think consultant or freelancer). It’s also good for sole proprietors.

Who is a Home Address Not Best for

While you may want to use a home address, especially at the beginning, it is not a good choice for those businesses that sell physical products, run an online business, or are forming an LLC.It is not ideal if you care about protecting your privacy and want to look professional. It can be viewed by customers and clients as unprofessional and even untrustworthy to use a home address for a business. There is also the high risk of privacy violations, as you will consistently be exposing your personal details.

2. PO Box

A PO Box is a physical mailbox that is located inside an actual postal office. It is a simple solution for those looking for a secure mailing address that is separate from their home.

The Pros of a PO Box

Because PO Boxes are hosted by the Post Office, mail typically gets delivered faster to a postal box than to a residential or business address. There is no waiting for the postman to drop mail off at your home or office. Another primary reason why people rent a PO Box is to protect their privacy. There are certain times when you don't want certain people to know where you live. By getting a PO Box, you get another mailing address that you can use for selected contacts and transactions.PO Boxes are normally inexpensive and affordable. Depending on the PO Box location and size, a 6 month term starts for as low as $10. However, you need to make sure that you get the proper box size that fits your incoming mail and package volume.A PO Box is great for people who move constantly. If you've ever relocated, you know the pain you go through - changing mailing addresses for bills, bank statements, and magazine subscriptions, updating personal information with the IRS and the government, and sending email or emailing friends your new address. It's very easy to miss updating an important service. Next thing you know, you end up with identity theft because someone happened to get his hands on your personal mail. A PO Box reduces this problem by cutting down the frequency required to change your mailing address every time you move.

The Cons of a PO Box

There are some big disadvantages to using a PO Box as a business address. You cannot be used to register an LLC or corporation, a physical street address is required for that. PO Boxes are not accepted.A PO Box can only receive mail from USPS due to being located inside post offices. This means that you cannot receive mail and packages from FedEx and UPS. That basically means you’ll have to get another address on top of a PO Box if you expect mail and packages from those other courier services.Other cons of a PO Box include overfilling if it is not maintained regularly so you’ll have to stay on top of your mailbox and travel often. It is limited in size for mail and packages. Lastly, forwarding of mail and packages from a PO Box can be expensive, as USPS charges extra.

Who is a PO Box Best for

A PO Box is best for those who have basic mail requirements, such as a limited number in letters and small packages. It’s also ideal for individuals who want to protect their privacy and not use their home address for the world to see.

Who is a PO Box Not Best for

When registering a business, it’s important to remember that PO Boxes cannot be used by LLCs, corporations, or partnerships. If you are forming any of these business entities a PO Box won’t work.PO Boxes are not always the best choice if you are registering an LLC or corporation. PO Boxes are also not the most convenient mail solution if you work and travel remotely. As an alternative you might want to consider a virtual mailbox. See the article PO Box vs. Virtual Mailbox for more detail.

3. Private Mailbox

Private mailboxes tend to be located in areas such as retail centers and are linked to their store address. They can be rented from places like the UPS Store, PostNet, or any mailbox company that is owned locally.

The Pros of a Private Mailbox

A private mailbox will give you a physical street address. Your mail is signed and held securely by the mailbox provider on your behalf, which reduces the risk of theft. Another perk is you can get extra services such as faxing, copying, and packaging.

The Cons of a Private Mailbox

The main issue of having a private mailbox is that it requires someone to physically travel and maintain them regularly. This may suit businesses that are local to the mailbox location, but for more remote businesses this is not ideal.

Who is a Private Mailbox Best for

Private mailboxes are a good fit for those who need a permanent mailing address, as well as extra business services, which often don’t cost extra.

Who is a Private Mailbox Not Best for

Private mailboxes require someone to regularly check them by physically going to them. This means that they may not suit businesses that are remote, for those who travel often for business, or those that live far away from the mailbox itself.While renting a private mailbox is an effective and inexpensive way of ensuring privacy, it comes with certain disadvantages. See the article Private Mailbox vs. Virtual Mailbox for more detail.

4. Virtual Office

Virtual offices are a good solution for businesses that are looking for the benefits and features of a traditional office without the expense of renting a brick-and-mortar space. They do not require a lease and you don’t have to pay for utility and maintenance costs.

The Pros of a Virtual Office

A virtual office can provide a professional business address and a phone number dedicated to your business. It provides receptionist services and call handling. Plus, rentable meeting spaces.

The Cons of a Virtual Office

Virtual offices are one of the more expensive alternatives to a business address.They lack flexibility where many virtual office services don’t allow the business to pick and choose which specific services to rent. Many businesses end up paying for more than they need.If you plan on holding many meetings there is generally a maximum amount of hours of meeting time in day offices.Also, if you travel often you will not utilize the virtual office space as much as you would like. This can be a waste of funds and one of the other business address options might be a better fit.

Who is a Virtual Office Best for

Virtual offices are ideal for those looking to combine the benefits of remote working with those of traditional office environments.

Who is a Virtual Office Not Best for

The main drawback that is often attributed to virtual offices is the lack of centralization. This isn’t so much a problem for businesses with only a handful of employees, but for larger companies, this can be an issue, especially in the long term.Virtual offices are also not be the best choice for those looking for a physical location in which to work everyday.While a virtual office comes with many benefits for small business owners, we will show you why a virtual mailbox is the better and more flexible option. See the article Virtual Office vs. Virtual Mailbox for more detail.

5. Coworking Space

Coworking spaces are shared areas in a building for teams to collaborate or for individuals to work in. There usually is no reservation system, and workers must find a space table to work at.

The Pros of a Coworking Space

The nature of coworking spaces practically encourages community, and you may meet fascinating strangers who can give unique insights into your business ideas. It’s about connections, relationships, networking, and mentorships.The advantages of coworking spaces include meeting rooms, reliable internet, work desks, and 24 hour access to the facility.

The Cons of a Coworking Space

While coworking spaces can suit some, for others they may not be suitable. For example lack of security compared to more traditional offices. Many will also find coworking spaces too noisy and crowded. Certain coworking spaces can also be expensive to rent.

Who is a Coworking Space Best for

Coworking spaces are for those looking for a physical office space to work in, either regularly or occasionally.A virtual mailbox will give those using coworking spaces the ability to maintain a permanent business address while traveling and working anywhere. They can still maintain their remote lifestyle with a virtual mailbox, since they can access, manage, and handle any important documents and pieces of mail with a click of a button.Get a permanent address with a virtual mailbox so you can work at any coworking space in the world without ever worrying about updating your address ever again. Learn the Benefits of Combining a Coworking Space and a Virtual Mailbox.

Who is a Coworking Space Not Best for

Privacy is the biggest concern with coworking spaces. You’ll find yourself working around complete strangers, and for many, this lack of security is impossible to work with. Picture dozens of people walking in and out and peering at your screen. That’s not secure. It’s also not best for those who need silence to be productive in their work days because you’ll get the same distractions as a traditional office (noise, surprise conversations, and water cooler talks).

6. Commercial Space

Commercial spaces are physical buildings that are specifically designed to provide rented office space to businesses. These can be in industrial zones, office buildings, business parks, warehouses, and other free standing buildings.

The Pros of a Commercial Space

A physical office space gives businesses a place to hold meetings with clients and let employees work in everyday. It also lets customers find your business with foot traffic.

The Cons of a Commercial Space

The main disadvantage of commercial spaces is the extra expense. They are often offered on a contract of monthly rent payments and will almost certainly be the most expensive option you consider for your business.As well as the rent, there will be other bills to consider, such as utilities, furniture, etc. It’s your responsibility to maintain your commercial property and those costs can add up. It’s even more expensive if you choose to buy the commercial space.

Who is a Commercial Space Best for

This might be the best choice for those who plan on having clients and customers walk in. You also want a physical office for your employees to collaborate in everyday.

Who is a Commercial Space Not Best for

If your business does not require foot traffic, you have no employees, or don’t need a meeting space, then it might not be worth the expense.

7. Virtual Mailbox

Your virtual mailbox is similar to email, where once your mail item is received it is scanned and sent directly to you. This eliminates the need to travel to a physical mailbox. Plus, you get to decide what to do with your mail such as recycle, shred, archive, or use features such as package forwarding and mail forwarding.

The Pros of a Virtual Mailbox

Subscribing to a virtual mailbox service provides more than a mailing address. Read on to learn more about the advantages of a virtual mailbox.A Permanent Address Linked to a Commercial Office - Linking your business address to a commercial office will create and maintain a professional image and makes you look more trustworthy to customers. A permanent address also makes it easier for customers to find and contact your business on a local level.A virtual mailbox enables a company to have different location addresses across the country, thus spurring market presence and helping the company expand.Privacy Protection with a Business Address - When you register an LLC or corporation the forms require a business address. This business address will be on public and state websites for the world to see. A virtual mailbox that is tied to a commercial office lets you use that as your business address instead of your home address. This will protect your privacy by not exposing your personal home address.Additionally, this will protect your personal information when you:
Immediate Access to Mail - A virtual mailbox enables you to handle your mail from any device. You'll receive an instantaneous notification when mail is scanned and processed into your account. You then will need to log into your online account to open and view the mail scans and decide what to do from there.Document Management Solution - With a virtual mailbox you will be able to store and archive all your important business documents. This gives you a paperless office solution that automates, eliminates junk mail, and lets you skip the hassle and wasted time of opening and sorting your mail manually. Get effortless record-keeping and save time by scanning documents.Deposit Checks The Same Time Your Get Mail to Any US Bank - When your check lands in your virtual mailbox all you have to do is request to have it deposited into your bank account. Your check deposit request is then processed, and within one business day, your deposit is mailed out. Your bank processes the deposit and puts the money into your account, and the money is at your disposal.Some select virtual mailbox services will offer registered agent services at limited locations. Psst...VPM offers FREE registered agent services at all our locations.

The Cons of a Virtual Mailbox

Despite the benefits, there are also several disadvantages to having a virtual mailbox. These are all dependent on the needs of your particular business.Some of the main ones to note include your cancellation might be difficult, as it will require you to notify every contact individually of your address change. There are extra costs, depending on the services you select to include as a part of your virtual mailbox. Your level of effort will require daily logins to maintain the mailbox and manage mail.

Who is a Virtual Mailbox Best for

Virtual mailboxes are affordable options for businesses that require a permanent address. This provides privacy and professional image. It is a flexible option for many businesses that may be roaming and are not located in one place.

Who is a Virtual Mailbox Not Best for

A virtual mailbox is not suited for business owners that requires customer foot traffic. It’s not a fit if you need to meet with clients for meetings in person or you need a physical location to work in everyday.Basically, a virtual mailbox is the alternative if you don’t need a physical space. Want to learn more about a virtual mailbox? Here’s The Ultimate Guide to a Virtual Mailbox.

Common Questions About Business Addresses

Are a Business Address and Registered Agent the Same?

As a new startup business you might find yourself confused by the difference between your business address and an address for your registered agent. Are they the same? Are a business address and registered agent address both required?This may seem odd right now, but promise many have asked this question and many think it is one and the same.TRUTH BOMB IT IS NOT!A registered agent and a business address are two separate requirements that serve separate functions for your LLC or corporation.You must designate a registered agent in order to form a business entity, such as an LLC or corporation, to operate in the state. The registered agent is necessary to guarantee reception of and forward legal documents, notice of lawsuits, and any other communication from the state.A business address, on the other hand, is used to indicate the main location from which the business operates. If you run an LLC, this is your commercial office location. For other types of business it’s the address to which your bills and mail are sent. This could be a home address or the address at which your business is located. Your business address is also the place where a person or an organization can physically be found or contacted.Are you running into this problem? Get more information about how a registered agent is different than your business address.

What Business Address Can I Use For Opening Business Bank Accounts?

Contrary to popular belief mailbox addresses, PO Boxes, and registered agent addresses are not allowed. When banks are not able to have a proper physical address on file for your business, they will usually close or suspend your account after 30 days.So what address can you use to open a business bank account?You can use the following address options below that will comply with federal banking regulations for proof of address.Home Address - If the bank accepts a home address and you happen to have a home in the States, then this is a viable option.Commercial Office - This will likely be the least flexible and high-cost option, but it will get the job done. Find the smallest office suite you can find out there to reduce the cost.TruLease Plan - With this service, you will obtain a real lease contract and will satisfy one of the primary requirements when opening a U.S. bank account.

Business Address Alternatives for Every Kind of Startup

As you have seen, there are many choices to choose from when looking for a business.However, a virtual mailbox will be the best solution for most businesses. Some of the main reasons why a virtual mailbox is the best choice for most businesses are:
A virtual mailbox is the perfect combination of traditional mail and office solutions. Don’t wait choose the better address option! Get your virtual mailbox today!
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2020.10.28 14:47 WorkingInOttawa Ottawa Job Listing: Cloud Architect

Position Description:
. Lead strategy discussions and help to build a vision around our clients goals and desired outcomes
. Facilitate discovery workshops, articulate the value proposition and differentiation, build architectural solution roadmaps, and communicate business value to the client
Your future duties and responsibilities:
. Guide technology based conversations and map cognitive portfolio solutions within our clients solution landscape
. Provide technical expertise to CGI sales team
. Provide feedback to sales and marketing on new services and product opportunities and customer applicability.
. Lead technical teams and work cross functionally with other work streams
Architect complex technology and application solutions, using microservices architecture and APIs for on-prem, mobile and cloud bases systems.
. Drive solution implementation from analysis to design through all delivery phases
. Support project delivery teams with technical and domain knowledge to ensure successful project completion.
. Be a trusted advisor to our clients and serve as the technical partner to the CGI Account Manager
Required qualifications to be successful in this role:
University degree in computer science, engineering or other related field
Enhanced Reliability clearance and an ability to meet the requirements for Secret Clearance

Preferred Technical and Professional Experience
2 years experience with cloud migration strategy and cloud application
Experience with cloud service providers (Amazon, Azure, Google) and cloud operations
A minimum of 5 years of experience architecting technical solutions
A minimum of 5 years of experience in providing consulting services for software implementations, data integration, analytics, and reporting
A minimum of 5 years of experience in one or more of the following API development, cloud architecture and development, Unstructured Content Mining / Natural Language Processing / Cognitive Computing / Machine Learning / Social Media Analytics
A minimum of 5 years of experience in Java, XML/XSLT. Web Services or .NET
A minimum of 5 years of experience in the understanding of Service Oriented Architecture (SOA)

A minimum of 5 years of experience in creating Technical Architecture documentation and presentations
What you can expect from us:
Build your career with us.
It is an extraordinary time to be in business. As digital transformation continues to accelerate, CGI is at the center of this change-supporting our clients’ digital journeys and offering our professionals exciting career opportunities.
At CGI, our success comes from the talent and commitment of our professionals. As one team, we share the challenges and rewards that come from growing our company, which reinforces our culture of ownership. All of our professionals benefit from the value we collectively create.
Be part of building one of the largest independent technology and business services firms in the world.
Learn more about CGI at www.cgi.com.
No unsolicited agency referrals please.
CGI is an equal opportunity employer. In addition, CGI is committed to providing accommodations for people with disabilities in accordance with provincial legislation. Please let us know if you require a reasonable accommodation due to a disability during any aspect of the recruitment process and we will work with you to address your needs.
The post Cloud Architect first appeared on Working in Ottawa.
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2020.10.28 14:28 bionista Xilinx = AMD Software and AI Division

TLDR; victor and his team need to start IMMEDIATELY on software. lisa is pulling a steve jobs and PARC Labs.
  1. if you listened to the call yesterday you may have heard as i did the sincerity and genuine affinity that lisa and victor have for each other. as victor said, "i am all in." there will be zero integration issues here. in fact, it may be more like a lovefest reunion of two armies uniting.
  2. i liked when lisa said, "we are doubling down on software." (although i hope it is way more than doubling down from what has already been put down. it should be more like all-in on software.)
  3. the xilinx development suite is impressive and is likely the only thing out there remotely close to CUDA. as i have said before, if lisas motivation for XLNX is software, then i think its a great deal at a net cost of only $8B! this is really really cheap for software guys. how much was tiktok? ($50B). yeah you cant dance to it but you can compute the future with it!
  4. this deal is really good for XLNX and they probably saw it as critical for their long-term survival. it is also critical for AMD long-term as i have written ad naseum about already.
  5. so is this potentially a watershed moment for both companies. like when Apple partnered with Xerox to develop PARC Labs and the GUI interface.
  1. the agreement is binding so all that remains is regulatory approval. the current 16% discount is pretty wide so the street perceives a fair bit of risk that the deal will not go through for whatever reason. but you must assume if intel has altera and there are a number of other FPGA companies out there, along with NVDA and GPU compute, then it should not be much of a problem. victor probably knows as much about GPUs as anyone out there.
  2. thus, there is no reason that victor and his dev team cannot start immediately on adapting their software to incorporate GPUs.
  3. they need to utilize the next 12 months smartly and not sit around and wait for the regulatory approval to be official. they need to start TODAY.
  4. and if for some reason the deal doesnt go through, they can sell the software they had built back to AMD for some reasonable price so XLNX shareholders are protected.
  5. but bottom line, if victor is all-in, he needs to get cracking NOW on building XUDA (ex-oooooda).
P.S. Xilinx if a friggin cool name. i have always felt this way since i was a kid. i hope they somehow keep it alive.
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2020.10.28 10:43 kervokian The Concorde Fallacy and why people make bad decisions

In October 1956 the UK Ministry of Supply asked Welsh Aeronautical Engineer Morien Morgan to form a study group. They called it the Supersonic Transport Aircraft Committee (STAC).
The British Government gave STAC a £1 million contract for a feasibility study. The goal was to design a SST project and find the right industry partners to build it.
SST is jargon for supersonic transport. Which basically means any transportation that's faster than the speed of sound.
STAC called the project 'Concorde'.
After failed negotiations with America, Britain decides to search for a new partner.
France and the UK shared the same dream. To build these supersonic airplanes that could fly across the Atlantic in under four hours. So in 1962 France joins the Concorde project.
The British and the French Government sign a treaty. They agree to share design, development and production costs. They estimated the project would cost about £150-170 million.
But by 1973 the development costs had risen to £1.065 billion.
When Concorde made its first commercial flight on 21 January 1976, the project was financial disaster.
Britain and France realized that the project wasn't going to pay off. The Concorde project wasn't profitable. It was impossible to recover from such shocking cost overruns.
But Britain and France continued to sink money into the project anyway. To save face. And because they had already invested billions.
On April 10, 2003 the inevitable happened. Air France and British Airways announced they were retiring their fleet of Concorde aircrafts. This was the end for Concorde.
Here’s the thing. Our brains tend to think of money we've spent as money that's "still on the table". Behavioral economists call this the "sunk cost bias". This mental trap is also known as the Concorde Fallacy. I'll tell you more about it in a minute. But first, let’s talk about sunk costs.
A sunk cost is a payment or an investment you can't recover by any means. Research & development, marketing & advertising expenses or rent are classic examples of sunk costs. But sunk costs aren't just financial. They can also be based on how much time, emotion, or effort you've invested in something.
Ever wondered why do people finish watching movies or reading books they aren't enjoying?
Or why do people keep paying their gym membership but never go to the gym?
Or why they keep so many clothes in their closet that they are never going to wear?
Or why do people hold on to stocks or other investments that are underperforming?
The answer? The sunk cost bias, a mental trap that makes us hold on to loss-making investments or projects. Just because you've already put time, energy and emotional effort into it. And you're hoping to recover from the losses (Kahneman & Tversky, 1979).
Now that you understand the human psychology behind sunk costs (Hal Richard Arkes & Catherine Blumer, 1985) you are in a much better position to predict and influence customer behavior. And also your own behavior.
Takeaways for your business:
1. Avoid taking sunk costs into account when making business decisions.
Good business decisions should always point to future benefits. We've all made decisions that don't work out. And that’s fine. We’re humans, shit happens. But good decision makers know when to give up on a bad investment.
2. Informing your customers of a sunk cost can actually help you increase your sales.
One of my clients, Sunday, a direct-to-consumer mattress startup from India does this well. When you put through an order on their website, this is what happens:
Your cart reminds you what's your total investment (notice that the copy I wrote doesn't say "total price". It says "total investment"). Then below you'll see another message I wrote. It says, "Bedding essentials to turn your sleepless nights into blissful nights. For only a few Rs more."
This little persuasion trick can help dramatically increase Sunday's average cart value. Just by reminding customers how much they've already invested. And highlighting that for just a few extra indian rupees they can complete their bedding collection. (See the image)
3. Make people chase their good investment.
My favorite restaurant in Lisbon is a Mexican Antojeria called Izcalli. A friendly couple, Ivo and Paola, run the place. Izcalli is a tiny restaurant, and it's incredible.
Imagine a counter, only eight seats for eight lucky people to enjoy authentic Mexican food with a modern twist. Me and my girlfriend have been regular clients since Izcalli opened doors in 2018.
In 2019, Ivo & Paola were dealing with a lot of no shows and last minute cancellations. This was hurting their business financially. So they came up with a solution. A simple No Show Policy: If you want to make reservations, you have to book seats via Izcalli’s website. And you need a credit or debit card to make a reservation.
Cancellations are free, if done at least 24 hours before the reservation. Otherwise Izcalli will charge you a No Show fee for missing your reservation.
A day before your reservation, they send you an email reminding the date and what you can expect. (See the email)
The copy could be a bit more conversational and tell you more about the incredible fresh, earthy tastes and smells you’re about to experience. But this reminder email works anyway. Because it increases the sunk cost effect and your desire to show up.
And if for any reason you have to cancel last-minute, you'll probably just show up anyway to avoid paying the No Show fee. Or you’ll figure out a way to gift your reservation to a allow a friend to show up on your behalf.
Thanks for reading. If you enjoyed reading this story, maybe, just maybe, you might also enjoy my newsletter. It's called Creative Samba and every week I share stories like this. Always packed with actionable insights about copywriting, marketing and how the human mind works.
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2020.10.28 00:20 JohnSmithestine H.WRITERS TECH SERVICES [H] Windows 10 / 8/ 8.1 all Pro/Home/N Server 2019/2016/2012 OFFICE 2019/2016/13/10 Visio 2019/2016/13 Project 2019/2016/13 Office 365 Lifetime, AutoCad & Adobe! [W] Amazon Gift 🔥 Credit Cards 🔥 PayPal 🔥 Square Cash 🔥 Venmo & MUCH MORE


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2020.10.27 20:57 Nestledrink GeForce RTX 3070 Review Megathread

GeForce RTX 3070 Review Megathread

GeForce RTX 3070 reviews are up.

Image Link - GeForce RTX 3070 Founders Edition

Reminder: Do NOT buy from 3rd Party Marketplace Seller on Ebay/Amazon/Newegg (unless you want to pay more). Assume all the 3rd party sellers are scalping. If it's not being sold by the actual retailer (e.g. Amazon selling on Amazon.com or Newegg selling on Newegg.com) then you should treat the product as sold out and wait.

Below is the compilation of all the reviews that have been posted so far. I will be updating this continuously throughout the day with the conclusion of each publications and any new review links. This will be sorted alphabetically.

Written Articles

Anandtech - TBD


Nvidia really couldn't have set these dominoes up any better. Its RTX line of GPUs has separate components to handle the above fancy features—dedicated ray-tracing cores and dedicated "tensor" cores to handle ML-assisted computation. The way its ray-tracing cores work lines up neatly with industrywide standards like DXR, which means it's a drop in the programming budget to implement those in ways that will work on competitors' GPUs and on brand-new gaming consoles. And the tensor cores' upscaling methods line up neatly with TAA, a particularly common anti-aliasing standard that Nvidia's DLSS effectively piggybacks off. As of DLSS 2.0, the model does not require game-specific coding to work (though developers still have to partner with Nvidia to implement it).
Thus, as I said in the beginning, your definition of a "future-proofed" GPU will likely drive your interest in what the RTX 3070 has to offer for $499. We're about to see even more interesting ray tracing in games—including at least one we're not allowed to talk about yet. You'll have to take our word for it, in terms of how exciting it is to live inside of some games' ray-traced worlds.
If that's not your bag, due to visual preferences or budgetary reasons, I get it. But it remains to be seen whether a cheaper RTX card can deliver the same future-proofing in the 1080p range or whether AMD will arrive with a perfect amount of budget-minded power and ray tracing—or even a butt-kicker of a card that skips ray tracing altogether in favor of powerful, traditional 3D rendering for a damned good price. For now, in the 1440p range, Nvidia has the clear lead... for at least 24 hours.


This has been a very enjoyable experience evaluating the new Ampere RTX 3070 versus the seven other cards we tested. The $499 RTX 3070 FE performed very well performance-wise compared to the RTX 2080 Ti FE – formerly the fastest gaming card in the world that released at $1199. The RTX 3070 at $499 is a solid upgrade from the GTX 1080 Ti that originally launched at $699 even though we were originally hesitant to recommend the upgrade to a RTX 2080 Ti two years ago based on its value to performance.
If you are a gamer who plays at maxed-out 1440P, you may do yourself a favor by upgrading to a RTX 3070. The RTX 3070 Founders Edition offers good performance value as an upgrade from a GTX 1080 Ti with the additional benefit of being able to handle ray tracing, and it can even meet the demands of 4K gaming with high settings.

Digital Foundry Article

Digital Foundry Video

The RTX 3070 is undoubtedly a terrific graphics card. It delivers performance in line with the RTX 2080 Ti at a very reasonable asking price of $500, lowering the cost of entry to high frame-rate 1440p and stable 4K gaming substantially. Moreover, the Founders Edition card we tested is cool, quiet and equipped with future-looking features, including a single HDMI 2.1 port that matches perfectly to next-gen 4K 120Hz HDR displays.
With that said, there is an asterisk on those results, with the Founders Edition 2080 Ti we tested with marginally beating the 3070 in some games thanks to the older card's out-of-the-box overclock. Regardless, the 3070 FE's significantly improved power efficiency, HDMI 2.1 port, upgraded RT performance and better-performing cooler make it a better choice than the RTX 2080 Ti Founders Edition even with that performance differential in mind - in a hypothetical situation where you could find both cards for the same price.
Perhaps more relevant is the comparison with the RTX 3080. Normally we expect to find diminishing returns from higher-tier graphics cards - you might pay 30 per cent more for one hypothetical video card over another, but only get 20 per cent better performance. That's not really the case with the RTX 3070 and 3080, where - at least in some games - you're getting more or less 40 per cent better performance by spending 40 per cent more, so in some sense they're equally good value for 4K gaming. If you're gaming at a lower resolution like 1080p or 1440p, then the margin between the two cards narrows as you're becoming partially constrained by your processor - something we experienced even using the Core i9 10900K, which at present is the fastest gaming CPU on the market. So in some sense the RTX 3080 is the best value high performance card for 4K, and the RTX 3070 is the better value choice for 1440p gaming - especially as its 8GB of VRAM is less likely to be an issue at this resolution.


Yes, I can make this short, out of the three RTX 30xx cards released right now, my untarnished favorite is the 3080. The 3090 super-sweet but out of my comfort zone price-wise. However, for most, so is the RTX 3080. And that then makes the RTX 3070 a far betteproper proposition money wise. If NVIDIA can get the stock allocation in order and prices remain/hover at the 500 USD marker, you'll retrieve a crapload of gaming performance for that amount of money. The most straightforward comparison is the mighty GeForce 2080 Ti (read that well Ti) performance. A few months ago, that card was (and still is) 1250 USD, you know. Unreachable for the vast majority of us commoner folk.
So therein is a lot of value to be found. However, my most significant grievance for the 3070 is its 8GB of graphics memory as yes, this still is a proper Ultra HD card. While you'll be fine in Full HD and Wide Quad HD at 8GB for a while, times are changing. We feel framebuffer sizes need to go up for Ultra HD. Then again, if this card had 16GB as opposed to its 8GB of GDDR6, then you could easily add close to a 150 maybe 200 USD premium on top of the 500 USD asking price, as yes graphics memory is very one of the most expensive things in that bill of materials for a manufacturer. With that in mind, a 3080 would then be the more logical choice. With that said and done, I get why NVIDIA opted for 8GB, the reasoning behind 8GB as for most games that will be sufficient and keeps that bill of materials used at that a level we ll can embrace.


Nvidia has had an interesting launch experience with GeForce RTX 30-series GPUs based on the all-new Ampere architecture.
On the one hand, the technology advancements over Turing are sound, construction of the Founders Edition cards is first class, and relative value is surprisingly good given rival AMD has yet to release its next-generation beasts.
On the other, however, a desperate lack of stock and initial instability has forced Nvidia to apologise to its legion of gaming fans. Lessons have been learned, you would think.
Delayed by two weeks, this is precisely why the GeForce RTX 3070 Founders Edition launch is so important. Nvidia ought to have had the requisite time to iron out issues that have plagued the other two, more powerful GPUs.
Priced at $499/£469, the RTX 3070 FE is deserving of serious attention to any gamer who wants superb performance at QHD and more than a stab at 4K gaming with all the bells and whistles turned to 11.
It's a match for last-gen RTX 2080 Ti FE, which cost over twice as much when released, albeit equipped with extra memory, and offers a solid upgrade from any other 20-series, or older, GPU. The Founders Edition is built beautifully, quiet and cool, and sets an awfully high bar for partners to emulate.
Bottom line: The GeForce RTX 3070 Founders Edition is a thoroughly decent premium graphics card whose true position in the enthusiast pecking order will only be revealed when rival AMD launches Radeon RX 6000-series in the coming weeks. Interesting times ahead.

Hot Hardware

When NVIDIA initially announced the GeForce RTX 3070, it made some bold claims regarding performance that got gamers and enthusiasts really excited for the card. 2080 Ti-like performance for about $500 would represent an incredibly strong value in light of the GeForce RTX 20-series’ price structure. And as you saw on the previous pages, NVIDIA delivered. Over and above the strong performance per dollar, however, the GeForce RTX 3070 also has a relatively small form factor, it runs cool and quiet, it’s an easy overclocker (albeit power limited), and it's energy efficient as well. The GeForce RTX 3070 ticks all of the right boxes. The only potential gotcha is the card’s 8GB of memory. For the vast majority of games available today, 8GB should be adequate with maximum image quality, even at high resolutions, but moving forward that 8GB of memory may require some image quality concessions to maintain smooth framerates.
As it stands today though, the GeForce RTX 3070 is the GPU to buy if you’re in the market for a graphics card in the $500 price range. It offers killer performance per dollar and an unmatched feature set. This one is an easy Editor’s Choice winner.

Igor's Lab

In general, the GeForce RTX 3070 is an all-around success, because it is faster than a GeForce RTX 2080 Ti, costs less than half the price and has become significantly more efficient. For a final assessment, including that of the market positioning, one will, however, have to wait for the launch of the new Radeon graphics cards. I already wrote that NVIDIA’s feature set ranges from the usual RTX components such as raytracing and DLSS 2.0, to various RTX software (video, voice) for the end user, to the entire studio and workstation applications.
Especially in the semi-professional areas, AMD is currently rather at a disadvantage and it will have to wait and see what will be launched on 28.10.2020 in addition to the new hardware. So everyone will have to set their own premises and ask themselves what value which feature and use case really has (or not) for them. A review can’t take this decision away from anyone, it’s up to each person to decide for themselves.

KitGuru Article

KitGuru Video

With the RTX 3070, Nvidia also saw fit to change the Founders Edition design. This card is about 40mm shorter compared to the RTX 3080, and has both its fans on the underside, instead of one on the topside of the card. As the RTX 3070 is significantly less power hungry than the RTX 3080, though, this new cooler is still more than good enough to tame the 220W Ampere GPU.
Temperatures, for instance, didn’t go above 72C during my testing, which means it is actually slightly cooler-running than the bigger RTX 3080 Founders Edition. Noise output is also very easy on the ears, with the two axial fans spinning at 1700rpm under load. We’d still expect custom cards from the likes of ASUS, MSI and Gigabyte to improve on this performance, but the RTX 3070 Founders Edition is a technically excellent piece of engineering.
The improvement the Ampere architecture has made to power efficiency is also more evident with the RTX 3070 than we saw from the RTX 3080. Drawing pretty much bang on 220W under load, this GPU offers 16% higher performance per Watt than the RTX 2080 Ti, and it’s even better compared to the RTX 2070, with 27% higher performance per Watt. Again, it’s not close to the jump from Maxwell to Pascal, but it is definitely a step in the right direction.
Enthusiasts will be glad to hear that we experienced significantly better overclocking results with our RTX 3070 sample. Right now I can only talk about this Founders Edition card, so it’s still not clear whether or not I just got lucky with the silicon lottery, but overclocking this card resulted in performance gains between 9-11%. Compared to the lacklustre overclocking capabilities of the RTX 3080, this is much more positive and means an RTX 3070, when pushed to its limit, should be faster than RTX 2080 Ti in pretty much any scenario.
In sum, Nvidia has delivered an excellent graphics card in the form of its RTX 3070. At £469, this GPU delivers unmatched value for 1440p, and even 4K, gamers. It’s about as fast as the RTX 2080 Ti, it is significantly faster than the RTX 2070, while also being more power efficient.

Legit Reviews

This is the new mid-range graphics card for NVIDIA and it looks like the performance numbers lived up to the hype. The GeForce RTX 3070 really does deliver GeForce RTX 2080 Ti-level performance at jus a fraction of the cost. It also does so while using less power and that helps the card run cooler and quieter. While the GeForce RTX 3070 trades blows with the GeForce RTX 2080 Ti, it completely dominates that other cards in the GeForce RTX 20 series and all the cards in the GeForce GTX 10 series. This makes upgrading much easier if you are looking for a $499 graphics card as you will be getting a massive performance increase while snagging all the latest NVIDIA features. Some might have wanted to see more than 8GB of GDDR6 memory on the GeForce RTX 3070, but that shouldn’t be an issue on current game titles for 1440P gaming. If a game comes out in the future that needs more than 8GB for ultra image quality settings then the solution would be to just change the game settings. Not a huge deal and moving up to the RTX 3080 only gets you 10GB of GDDR6X.


So far our time with the Ampere GPUs has been one of jaws dropped, minds blown and wallets emptied. We hadn't long got used to the RTX 2080 Ti, and its class-leading performance before the RTX 3080 came along and gave you higher framerates than the Turing card and did so at a significantly lower price. The RTX 3090 was jaw-dropping in all sorts of other ways, and more akin to a Bugatti, being both insanely powerful but also not exactly affordable for the majority. If, however, even the RTX 3080 was above your budget, then the RTX 3070 is even better value for money.
Official replacements for existing models is one of the things that emphasises how quickly the hardware world has moved on. When you feel that there is as much power as you could realistically wish for, a new refined model appears that makes the preceding one look lacklustre by comparison. Nvidia is determined to compare the RTX 3070 Founders Edition with their RTX 2070 Founders Edition, and that's their prerogative. Even a casual glance over our results will show you that in actuality it should be compared to the RTX 2080 Ti, such has been the improved performance Nvidia have extracted from their Ampere GPU when compared to its Turing forebear.
Our results show something quite interesting too. Admittedly it's a general rule rather than a hard and fast one, but in broad terms, the games that the RTX 2080 Ti bested the RTX 3070 FE (albeit barely) tended to be the older ones, whilst the Ampere card just had the edge in the more recent titles. This is especially true for the games that made full use of the DLSS and Ray Tracing. This makes sense, given the fact that there are the areas that the Ampere is designed around.
As time goes on and the new Console generations get launched with their Ray-Tracing abilities and faster load times, more PC games will be designed with these technologies in mind. In time, we expect the performance gap between the older Turing card and newer Ampere cards to widen, especially as Nvidia drivers refine the performance of the newest game releases. Just off the top of our head, we know that games such as Watch Dogs: Legion, COD: Black Ops Cold War and the game that is probably the most hotly anticipated game of all time, Cyberpunk 2077, will make full use of every eye-candy technology they can bring to bear.
All this means that even if you could find a Turing card for around the same money as the Nvidia RTX 3070 Founders Edition, there is no point to do so. You might as well get the newest architecture with the longest warranty that will be supported by the manufacturer for the longest time. The fact you can get this for such a ridiculously low investment cost is just the icing on the cake. A single 8 pin PCIe power input allows the RTX 3070 FE to be more power-efficient, and the addition of the HDMI 2.1 lets users push higher resolutions at higher refresh rates than the RTX 2080 Ti that it matches in performance.
If the RTX 3080 was the card that showed how serious Nvidia was in refining their Turing architecture, then the RTX 3070 FE is the card that will sell in huge volumes and yet hasn't been crippled to achieve a low price point. Two months ago the fastest card on the planet cost you well north of a grand. Today you can match that performance for less than half the price. There has never been a better time to be an enthusiastic gamer.

PC Perspective

What we know right now, and by right now I mean October 27, 2020, is that NVIDIA has the GPU to buy at $499 with the RTX 3070 Founders Edition – if you can buy one. Availability – of course – will be a big part of this launch. But what AMD announces on October 28 will be another part of the story, and we only have leaks and rumors on the AMD front at this point.
No matter what AMD announces, the RTX 3070 Founders Edition we reviewed today is a fantastic product. Beautifully designed, quiet under load, reasonable power draw, and nearly as powerful as the RTX 2080 Ti at less than half the cost. If only every GPU launch was like this.

PC World

Take AMD’s potential counterpunch out of the equation, though, and there’s no question that the $500 GeForce RTX 3070 is a fantastic graphics card. It’s remarkably faster than its direct RTX 2070 predecessor, delivers gaming performance effectively on a par with last generation’s $1,200 flagship (and much better creative rendering performance) while drawing less power, and runs very cool without getting too noisy. Nvidia’s Founders Edition design continues to rock my socks aesthetically too. I wish Nvidia included more memory capacity in the RTX 3070 for people wanting to play at 4K resolution, but other than that, there’s not much to complain about. The GeForce RTX 3070 will melt your face for a stunning $700 less than you used to have to pay for this level of performance.

TechGage - Workstation Benchmarks!

In the end, NVIDIA’s GeForce RTX 3070 performs about where we’d expect it to, based on what we knew of the card before diving in. NVIDIA itself said that the RTX 3070 would match 2080 Ti, and in our gaming tests so far, we’ve found that to be largely the case (although we seem to see Ti pulling ahead more often than the opposite is true.) Again, we’ll have that performance in the days ahead, as we wrap up our testing (which will include 1440p, ultrawide, and 4K test resolutions.)
It’s become a theme that we kick off a new launch with creator-focused content, but with the RTX 3070, it seems to almost make sense that we start here. Whereas the RTX 3070 will largely match the RTX 2080 Ti in gaming, it’s almost guaranteed to take a clear lead in creator.
We saw some instances where the 2080 Ti still managed to take the lead, but it was never by very much, and it could be owed in some cases to the larger frame buffer. If you can survive your work with a 8GB frame buffer, then the RTX 3070 is a seriously attractive creation graphics card. As mentioned multiple times earlier, this card costs less than half what the 2080 Ti did, but often beats it in rendering.
Quite simply, the RTX 3070 offers more performance than a $500 GPU ever has before. If we look as far back as the Pascal-based 1080 Ti, that card scored 189 points in OctaneRender, whereas this RTX 3070 scored 414. In our real-world tests, we generally see the RTX 3070 at least twice as fast as the 1080 Ti, and it still costs less than that card did at its launch a few years ago.
All three Ampere cards have been interesting or exciting in their own right, but the RTX 3070 sets itself apart due to its more accessible price-point and its performance advantages over the last-gen parts. $500 GPU for $500 GPU, the RTX 3070 is 55% faster than the 2070 SUPER from last-gen, so overall, NVIDIA has quite an alluring product here.


NVIDIA has done it again—their new GeForce RTX 3070 is impressive, not only in terms of performance, but also pricing. Just a few weeks ago, we reviewed the GeForce RTX 3080, which finally makes 4K gaming work perfectly. Today, we have the RTX 3070 Founders Edition, which achieves the same for 1440p gamers. Every single title in our test suite exceeds 60 FPS now, and performance is improved so much that you get RTX 2070 "RTX Off" FPS with "RTX On". If you choose to enable DLSS with RTX, the RTX performance hit is basically nullified; in that case, and with games that don't support RTX, the GeForce RTX 3070 FE matches last generation's flagship, the RTX 2080 Ti, which retailed at over $1200 not too long ago.
When averaged over our whole test suite at 1440p resolution, we see the RTX 3070 Founders Edition beat the RTX 2080 Ti by 1%, let's call them equal—still a huge achievement. Against the original GeForce RTX 2070, the performance uplift is around 50%, and the difference to the RTX 2070 Super is 30%. AMD definitely needs something new, the RTX 3070 is 42% faster than the RX 5700 XT, at much more attractive pricing. GeForce RTX 3080 is 23% faster than the RTX 3070, but for this comparison, it's also important to look at 4K, where the difference is 31% because the RTX 3080 is slightly CPU limited at 1440p.
With those performance numbers, RTX 3070 is the perfect choice for the huge 1440p gamer crowd, but the card also has enough muscle to drive many titles at 4K 60 FPS, especially if you are willing to dial down settings a little bit. The RTX 3070 is also a great choice for 1080p Full HD if you want to drive a high-refresh-rate monitor with 120 or 144 Hz. For just 60 FPS, 1080p it's overkill unless next-gen titles go overboard with their hardware requirements, which is highly unlikely.


Overall, Nvidia's GeForce RTX 3070 is a great high-performance value product. Upcoming competition aside, in today’s market the RTX 3070 is as good as it gets in terms of cost per frame and even performance per watt.
The RTX 3070 is the new and much more affordable 2080 Ti. In making that comparison, you get 3GB less VRAM, but make up for that with improved power consumption, shaving off about 60 watts. That means it’ll be possible to make more compact graphics cards, or larger models that run cooler and quieter. Oh yea, did we mention this card will run you $500 instead of $1,200?
Compared to the GPU it is replacing, the GeForce RTX 3070 is nearly 40% faster than the 2070 Super. Now, it's going to be extremely important that Nvidia addresses supply and makes sure those base models hit the MSRP.

The FPS Review

At the end of the day, there are several things about the GeForce RTX 3070 Founders Edition that we like and see as positive for everyone. At $499 it is priced the same as the GeForce RTX 2070 FE and RTX 2070 SUPER FE. This means it is the direct upgrade path, from those last generation video cards.
As an upgrade path, it has proven to provide 50% or more performance advantage from the last generation at the same price point. It is so that it now compares on performance to the GeForce RTX 2080 Ti FE of the last generation. That was a $1200 video card. In the last generation, you had to pay $1200 for this kind of performance. Now you can get what was $1200 performance, for $700 less at $499. You now save, on generation-to-generation, $700 for the same performance.
It also provides this level of performance at much less power demand. It also delivers this level of performance in a smaller package size and cooler GPU temperatures. On generation-to-generation improvements, this is a positive evolution of graphics advancement. Technically, we would have liked to have seen more VRAM. This seems like the right card to have been the one to carry 10GB of VRAM instead of 8GB in its default configuration. Then the RTX 3080 could have had 12GB, that would have been a better lineup in our opinion.
At the more affordable $499 price point, you get an ideal playable gameplay experience at 1440p with everything turned on. You can maximize graphics settings at 1440p and might even be able to turn on Ray Tracing depending on the game. If Ray Tracing is ever too demanding, and the game supports DLSS, turning that on at 1440p will solve that easily. This video card is not really suited for 4K, though it can muster decent performance, ultimately the limitation will be VRAM and performance in newer games. Now that the RTX 3080 FE has been launched, that’s your 4K card with no compromises.
The GeForce RTX 3070 Founders Edition earns its place as a proper replacement and upgrade path from the GeForce RTX 2070, and especially for anyone on GeForce GTX 1070 series. Add-in-board partner video cards will be available on October 29th. The GeForce RTX 3070 Founders Edition is the fastest $499 video card to date. It is well put together, and as a custom card from NVIDIA provides excellent thermals, package size, and remains quiet.


The GeForce RTX 3070 Founders Edition is everything we expected. It's a lower power card with a smaller footprint, and it basically trades blows with the previous generation king of the hill, the RTX 2080 Ti. Two years later, and $500 now potentially gets you the same performance as the old $1,200 GPUs. If there's one constant in the world of GPUs, it's the ever-increasing performance at any given price point. But we're in the midst of a lot of GPU stuff, and without seeing what AMD's Big Navi brings to the table, it's impossible to give a final verdict for the RTX 3070.
The bottom line is that we can't declare a winner right this moment. Nvidia's Ampere RTX 30-series GPUs are potent, and the RTX 3070 brings new levels of performance to the $500 market. We expect to see 30-series parts push down into the $300-$400 range in the coming months as well. AMD's Big Navi is more of a wildcard since we don't quite know what to expect in terms of ray tracing performance or DLSS alternatives. AMD may have as many as four Navi 2x GPUs launching in the next month or two (or three or four), also with prices ranging from perhaps $250 up to $600 or more.
If you're already set on going with Nvidia and don't want to spend more than $500, you can try to pick up an RTX 3070 on Thursday. If you're willing to spend a bit more money, we'd argue the added VRAM, bandwidth, and performance of the RTX 3080 means it's the better option at $700 — not that you can find RTX 3080 in stock, but you can keep trying. For the undecided, we suggest waiting to see what happens with Big Navi, and of course, those who prefer AMD GPUs will want an RX 6000 regardless of how it stacks up.

Computerbase - German

HardwareLuxx - German

PCGH - German

PCMR Latino America - Spanish

Video Review


Digital Foundry Video

Gamers Nexus Video

Hardware Canucks

Hardware Unboxed


KitGuru Video

Linus Tech Tips


Optimum Tech

Paul's Hardware

Tech of Tomorrow - TBD

Tech Yes City - TBD

The Tech Chap


submitted by Nestledrink to nvidia [link] [comments]

2020.10.27 20:16 DekkerVS Tesla Batteries, Motors, Solar Panels powering an airship to demo eco-friendly transport?

Wouldn't it be a great demonstration of Tesla Battery, Motor, Energy and Solar Technology prowess to partner or make an airship that could transport people or things in an eco-friendly manner...

from what I read from http://www.airships.net , the Graf Zeppelin made it across the ocean in 2 days or so...

Much faster than Greta's eco friendly sailboat... :)

Use cases for airships include cruises (to the artic?), airborne conferences, transporting heavy cargo, ease of deployment and landing (VTOL), long time hovering (loitering) for imaging and sensing in various scenarios that satellites might not work well for.

It seems there are a few companies trying to get into it.. but I thought since Tesla has the best battery efficiencies for making MW Grid level batteries, plus efficient engines for propellers, + solar panels on top, Tesla was in a better position to make the math/economics work for an Airship to be viable transport... sure SpaceX wants to rocket you around the planet in 2 hours but I think there is a place for slower transport too.

See recent Youtube about Airships:
https://www.youtube.com/watch?v=e4UyggM54Pc (Doc on Amazon Prime/Vimeo)
submitted by DekkerVS to TeslaLounge [link] [comments]

2020.10.27 19:44 Big80sweens Sustainable Development

I joined this group a little while back and mentioned I work in real estate development with sustainability as our top priority in development. People asked me to talk a little bit about what we are looking into from a sustainability perspective so I thought I would share some things and try to answer questions as best I can. I have been very busy lately so didn't have the chance to do this until now.
First, as anything in real estate, location is the most important thing. I work in Toronto Canada and we only will look at developing buildings if they are relatively close to a major transit hub, which of course is becoming more and more difficult. But simply building within walking distance of public transit significantly lowers the residences carbon footprint, it is probably the single greatest way to make buildings more sustainable. We need governments building more public transit in order to create more opportunities to build within close proximity.
High density is the way to go. We should all live in highly dense, walkable neighborhoods to avoid the dependency on cars but more importantly restrict the demand for sprawl which causes us to pave over much needed farmland and create more and more deforestation. Simple, easy, sustainable solution? build more density.
Thirdly, we are looking at building more rental housing and retaining it for many years. We have partners for these projects as they become more and more costly, however rental housing causes developers to look more into longevity. The condo development model (even though density is great) is all about speed, the faster it is built the faster everyone gets paid. Rental, the developer is going to own for many years, so with rental, developers will look at ways to cut costs over time, most importantly energy consumption and water consumption as well as other utilities. More efficient consumption means more sustainable, means less cost in the long run to an investor looking to hold for a long period of time. Office developments have cares about sustainable buildings for a long time as it is important when owning and operating a building in perpetuity, residential has not as much because of the condo model. How to off-set and build more rental? We need municipalities and government subsidies to build it otherwise it becomes too expensive and nobody is willing to take those risks. More rental housing is also great from a socio-economic perspective as well.
Finally, technology. I work more on the development side but my family business is actually an architecture practice. The architecture practice has been leading the charge in office building sustainability over the past several decades using technology like modular raised flooring for more efficient internal climate control as well as lighting reflecting technology which helps prevent the need for cooling by reflecting the sun's rays and manipulating it in order to provide more natural light. We are now looking at ways to incorporate solar panels in those reflectors in order generate power as well as the other uses I mentioned
Flooring systems: https://www.globalifs.com/
Solar systems: https://morgansolar.com/
We are also in contact with a company who has made major advancements with regard to geothermal technologies both from energy collection but also heating and cooling systems:
Two other interesting companies I have looked into but have not used in our projects are Pond Technologies and Sharc International Systems. Pond is more for industrial buildings which we have never built but Sharc is certainly something we will be looking to incorporate in our buildings as waste water becomes more of an issue and the need for fresh water is increasing globally:
Finally, we are using and promoting a company in the energy management sector called CircuitMeter (CM). CM has developed submeters which are more calculated and precise than anything else on the market. Using this tech from CM I think is one of the easiest and most effective ways to make a building more sustainable from a technology perspective in either a new building hoping to achieve net-0 emissions or a building retrofit to understand and measure energy inefficiencies and discover low hanging fruit that will not only make your building more sustainable, it will result in massive costs savings.:
I hope people in this sub have ideas for me that I can use and incorporate into my work if possible, also happy to answer questions if I am able to. Full disclosure, both Pond and Sharc are publicly traded companies and I do own a small position in both. I also was blown away by what CM tech does at such a relatively low cost that we invested in their company as well as they try to get their company off the ground as the opportunity presented itself.
Although the fight against climate change seems grim I do think if we all use, promote and invest in green technologies and push for sustainability we will have a chance at winning this fight,. The best part of all is that this all does help reduce costs so it makes a ton of sense from an economic perspective as well.
submitted by Big80sweens to SustainableBuildings [link] [comments]

2020.10.27 17:01 Aidan1724 Reddit Hates when you post lots of links so I’ll just put it here

Media Disclaimer
The following Claims will use articles from Neutral Sources that either Support or Oppose the chosen individuals: Donald Trump Joseph Biden
You can view biases of media’s at this site it is pretty accurate.

Claims that Support Trump

  • Unemployment rate was at its lowest since 1969
  • Economy was better than it has been in at least a decade.
  • Eliminated head of ISIS(Abu Bakr al-Baghdadi)
  • Eliminated Qasem Soleimani(Iran’s Top General)
  • only President in 50 years to not start a new war(this page didn’t update to Trump but you can look up and see he hasn’t started any NEW wars)
  • Lowered taxes for low income communities
  • Removed corrupt politicians
  • Created millions of new jobs
  • Made the US independent from international trade(now exporters rather than importers)
  • Condemned the MS13 gang
  • Exposed the left for their lies and corrupt (Every post is trying to create scandals that don’t exist and hate on Trump this is a hard left sight and they pointed out that CNN, MSNBC, WASHPOST, NBC, CIA, Slate, Fortune, Guardian, and BuzzFeed are blatant liars)
  • Exposed China for its Corruption and limited trade between them and us
  • Funded the next 10 years of black colleges and universities
  • Refused to take tax payer money as a salary(here is the donation list: 2018 ,2017 ,2019 )
  • Only President to go into the White House and have their net worth drop - Trump
  • Pardoned criminals put in jail for non violent crimes
  • Marked BLM and ANTIFA as terrorists
  • Boosted the steel industry
  • Withdrew from Paris Accords
  • Withdrew from Iran Deal
  • he brokered the first meaningful peace deals in 3 decades in the Middle East
  • Refused to use his federal power to control people during covid(during covid, federal power was at its highest but he refused to abuse it to the degree that the Obama administration did)
  • restores due process on college campuses

Claims that Oppose Trump

Will be Updated Nov 1st Thank you(u/yuyi1)for the additions

Claims that Support Biden

I haven’t received a claim yet so please let me know in the comments

Claims that Oppose Biden

  • Supported segregation
  • Pushed the Crime Bill
  • Locked up thousands of people for non violent crimes
  • Called black people predators
  • said that black people who don’t vote for him aren’t black
  • changes his views on policy every day
  • Plans on packing the courts (Do you know what he said in this video, “You will have to wait until the election to find out.” He literally said that if you want to know his policies then you have to elect him. Packing the court is the definition of totalitarianism. He is making it so one party has full control over the other no matter what and limits the rights of other people.
  • Made deals with US enemies
  • Helped create Obama Care which has hurt millions of people’s lives and costed 2 Trillion dollars
  • plans to raise taxes
  • His covid plan is literally what the us has already been doing, the only difference is he wants to bankrupt the us economy by stopping the economy and just paying the lost revenue to people. The only problem there is that is is literally impossible. It would be at least 15 trillion dollars to be given which isn’t possible.
  • Is a far leftist
  • went into the government and came out rich
  • supports lock downs that have hurt millions of families
  • said that poor kids can be just as smart as white kids
  • Plans to ban fracking which has done good for the environment by fazing out coal production and providing a reliable energy. Solar and Wind may be clean energy but very in reliable and expensive. If we switched to nuclear power it would be a very reliable power source and overall better for the environment.
  • Used his position as Vice President to boost his sons company
  • Removed his mask so he could Cough into his hands
  • Raised the US debt by 9Trillion dollars
Last Update:
  • October 28, 2020
submitted by Aidan1724 to u/Aidan1724 [link] [comments]

2020.10.27 13:50 kervokian The Concorde Fallacy and why people make bad decisions

In October 1956 the UK Ministry of Supply asked Welsh Aeronautical Engineer Morien Morgan to form a study group. They called it the Supersonic Transport Aircraft Committee (STAC).
The British Government gave STAC a £1 million contract for a feasibility study. The goal was to design a SST project and find the right industry partners to build it.
SST is jargon for supersonic transport. Which basically means any transportation that's faster than the speed of sound.
STAC called the project 'Concorde'.
After failed negotiations with America, Britain decides to search for a new partner.
France and the UK shared the same dream. To build these supersonic airplanes that could fly across the Atlantic in under four hours. So in 1962 France joins the Concorde project.
The British and the French Government sign a treaty. They agree to share design, development and production costs. They estimated the project would cost about £150-170 million.
But by 1973 the development costs had risen to £1.065 billion.
When Concorde made its first commercial flight on 21 January 1976, the project was financial disaster.
Britain and France realized that the project wasn't going to pay off. The Concorde project wasn't profitable. It was impossible to recover from such shocking cost overruns.
But Britain and France continued to sink money into the project anyway. To save face. And because they had already invested billions.
On April 10, 2003 the inevitable happened. Air France and British Airways announced they were retiring their fleet of Concorde aircrafts. This was the end for Concorde.
Here’s the thing. Our brains tend to think of money we've spent as money that's "still on the table". Behavioral economists call this the "sunk cost bias". This mental trap is also known as the Concorde Fallacy. I'll tell you more about it in a minute. But first, let’s talk about sunk costs.
A sunk cost is a payment or an investment you can't recover by any means. Research & development, marketing & advertising expenses or rent are classic examples of sunk costs. But sunk costs aren't just financial. They can also be based on how much time, emotion, or effort you've invested in something.
Ever wondered why do people finish watching movies or reading books they aren't enjoying?
Or why do people keep paying their gym membership but never go to the gym?
Or why they keep so many clothes in their closet that they are never going to wear?
Or why do people hold on to stocks or other investments that are underperforming?
The answer? The sunk cost bias, a mental trap that makes us hold on to loss-making investments or projects. Just because you've already put time, energy and emotional effort into it. And you're hoping to recover from the losses (Kahneman & Tversky, 1979).
Now that you understand the human psychology behind sunk costs (Hal Richard Arkes & Catherine Blumer, 1985) you are in a much better position to predict and influence customer behavior. And also your own behavior.
Takeaways for your business:
1. Avoid taking sunk costs into account when making business decisions.
Good business decisions should always point to future benefits. We've all made decisions that don't work out. And that’s fine. We’re humans, shit happens. But good decision makers know when to give up on a bad investment.
2. Informing your customers of a sunk cost can actually help you increase your sales.
One of my clients, Sunday, a direct-to-consumer mattress startup from India does this well. When you put through an order on their website, this is what happens:
Your cart reminds you what's your total investment (notice that the copy I wrote doesn't say "total price". It says "total investment"). Then below you'll see another message I wrote. It says, "Bedding essentials to turn your sleepless nights into blissful nights. For only a few Rs more."
This little persuasion trick can help dramatically increase Sunday's average cart value. Just by reminding customers how much they've already invested. And highlighting that for just a few extra indian rupees they can complete their bedding collection. (See the image)
3. Make people chase their good investment.
My favorite restaurant in Lisbon is a Mexican Antojeria called Izcalli. A friendly couple, Ivo and Paola, run the place. Izcalli is a tiny restaurant, and it's incredible.
Imagine a counter, only eight seats for eight lucky people to enjoy authentic Mexican food with a modern twist. Me and my girlfriend have been regular clients since Izcalli opened doors in 2018.
In 2019, Ivo & Paola were dealing with a lot of no shows and last minute cancellations. This was hurting their business financially. So they came up with a solution. A simple No Show Policy: If you want to make reservations, you have to book seats via Izcalli’s website. And you need a credit or debit card to make a reservation.
Cancellations are free, if done at least 24 hours before the reservation. Otherwise Izcalli will charge you a No Show fee for missing your reservation.
A day before your reservation, they send you an email reminding the date and what you can expect. (See the email)
The copy could be a bit more conversational and tell you more about the incredible fresh, earthy tastes and smells you’re about to experience. But this reminder email works anyway. Because it increases the sunk cost effect and your desire to show up.
And if for any reason you have to cancel last-minute, you'll probably just show up anyway to avoid paying the No Show fee. Or you’ll figure out a way to gift your reservation to a allow a friend to show up on your behalf.
Thanks for reading. If you enjoyed this story, maybe, just maybe, you might also enjoy my newsletter called Creative Samba. Every week, I share stories like this. Always packed with actionable insights about copywriting, marketing and how the human mind works.
submitted by kervokian to PersuasionExperts [link] [comments]

2020.10.27 13:03 Buck_Joffrey Wealth Formula Episode 235: Cashing in with Cash Machines!

Catch the full episode: https://www.wealthformula.com/podcast/235-cashing-in-with-cash-machines/
Buck: Welcome back to the show everyone. Today my guest on Wealth Formula Podcast is Daryl Heller. Daryl is a venture capitalist and an entrepreneur and the founder of Heller Capital which he is also the ceo of Heller Capital and Daryl is actually the newest partners of the Wealth Formula investor group with some exciting stuff going on over there. So with that Daryl welcome to the show.
Daryl: Thank you Buck. Pleasure to be part of the show today. I appreciate the opportunity.
Buck: Yeah and you know so just for those who don't have an idea of exactly kind of where what exactly you're doing there over at Heller Capital maybe you can kind of tell us about what that is and then ultimately specifically you know why you got into the business that we're going to talk about today which is the business of automatic teller machines or ATM machines.
Daryl: Yeah I'd be glad to. So my history is telecom technology entrepreneur started my first company I was in college ended up being fortunate enough to take a few to financial events and then about the 2012 time period I moved into private equity and Heller capital group owns anywhere from 12 to 15 operating companies three to five private placements at any given time and you know has a market cap of around 500 million right now. In terms of ATMs that's a bit more interesting in 2011, I ended up having an opportunity to invest into this space and did a significant amount of diligence and found out there's very thick operating margins and initially saw it and still do today as a real estate play where we could capture a lot of real estate and end up monetizing that real estate with things beyond ATMs so but we're sitting here you know many years later nine going on 10 years later and having the same success and even higher success as we'll talk about today I'm sure than we had back in 2011. So you know that's how I got into the space I have about 15 million in the ATM space. I'm a firm believer in the old Microsoft adage that you eat your own dog food first and accordingly you know I've done just that.
Buck: Yeah and we're talking about 15 million of your own money in there. So how do you make money from owning ATMs, I mean you know give us a sense of you how does of course when you go to a chase and you already have a chase account you don't pay any money but a lot of this has to do with you know the the the surcharges right how does that work and you know what kind of volumes do you typically see in an ATM machine in a given day?
Daryl: Yeah our ATMs are what I would call a very defined demographic that is strategic by nature, for example mall groups we deselected about five six years ago fortunately we did with covet as they got crushed there we saw online retail I'm really impacting it. So our demographic is in this kind of on banked and under bank that's a high percentage of it, I'm sure we'll speak more to that later but in terms of how we make money within that demographic essentially an operator, our management company charges the user you know anywhere from 2.50 to 3.50 for each transaction that they make plus on top of that the operator makes around 25 for something called interchange so their revenue stream would be surcharge plus interchange and then the rule of thumb this varies obviously Buck but the rule of thumb is 20 to 30 percent could go to the retail location, 25 to 30 percent goes into the the WF Velocity fund that we're talking about today and then generally in that you know 40 to 55 percent is retained by the management company to operate the ATM and then the management company aggregates ATMs into large pools, blends the returns for WF Velocity fund it removes it removes seasonality the demographic issues all those other volatilities and then we as the owner of the ATM get paid a percentage of that surcharge generated at the ATM. So that's how it works in terms of you ask volume levels if you're going to use a rule of thumb for the type of demographics we're in we're generally around that in that 500 range, we get paid on slightly less than that the management company keeps insurance buffer in there for themselves which is you know how we came through Covid completely unimpacted. But that's essentially the revenue model and how you make money with an ATM.
Buck: So one of my one of the members of an Investor Club emailed me when we started we had this offering the WF Velocity fund, which is open of course only to accredited investors, and he says the first question I had in my mind is who uses cash? Now I know I don't use it much and you probably don't either however statistically year over year the cash numbers are actually going up isn't that correct. So who's using cash?
Daryl: Yeah that is correct the monetary system's growing both in the US there's some interesting stats in the US and certainly at a worldwide level but yeah I asked myself the same question back in 2011 and I remember reading an article from 1999 on the Wall Street talking about cash will be dead in a few years well you know we're now 20 plus years beyond 1999 and cash is actually growing and we now have empirical data for the last nine years to actually show that it's incrementing up not decrementing down and and it really comes down to again that demographic issue. Buck you and I and many of the people listening to the show today are not using their ATM card much. However the focus is those that lack credit thus credit card access so again that on bank and under bank which is a large demographic already and a growing demographic so it's those who lack credit and thus credit card access you know credit challenges those who use prepaid cards which kind of plays into the EBT side our our government welfare system is now running a prepaid it has been for many years and will continue to be so that's a big focus of our demographic is people using their EBT called EBT card and it's essentially their bank an ATM is seen as their bank given a lot of them don't have bank accounts they're working on prepaid cards. And then you know ATMs get used for transferring funds and other functions in lieu of online banking which kind of ties into you know there's a demographic of people out there that just distrust credit cards given all the credit card breaches some of the big retailers over the past few years and just prefer to do their online on a machine versus you know through you know their version of how it would run on the internet side. And then you know there's just a segment of people when it's growing that simply prefer cash that maybe don't fit into the unbanked and under bank but they prefer cash. I mean for example 10 years ago you know all employers would give you a paycheck and you'd go to the bank and cash your paycheck and take a couple hundred dollars out. Now it's all ACH or wired. So you know at some point you have to go get cash and all banks are seeing you know traffic counts going way down they're closing branches and they're starting to see ATMs as a vault on the street and many of the ATMs that are in this portfolio will be branded by the big banks as well so yeah you know Buck you already own some ATMs. Some of those ATMs have some bank brands on it so if you walk up to where their user does they may think it is XYZ bank when in reality it's your ATM and they're just paying to brand on it and that's the banks are seeing let's put vaults out there so access to cash is easier and that's changing the demographic game a bit more where there's a broader demographic people using it. I do use an ATM more than I used to I'm not sure if that's because I'm an investor in it and yeah have an affinity towards it now or if it's just a real change in my behavior I'm not sure.
Buck: Yeah when it's interesting you know you make a very interesting point I think a lot of people don't think about this but you know there is this overall shift you know in in in the workforce of increased you know sort of atomization and you know replacing replacing individuals with technology and ATM machines have a function beyond you know getting your cash out right. So I mean surcharges for that are part of that is just you know banking period right so you're just you have banking transactions going on there. The other thing that I think it for me at least you know and I've just my own noticing what people talk about in the space versus what's reality is that you know the idea that about cash and its use going away I mean first of all as you know it's going up as we talked about second of all there's no legislation, there's no legislation on this matter in the US and this is a generational change it's not like oh gosh every every you know the next day we're gonna wake up and there's gonna be no cash. The reality is that people like cash. I think there's some statistic about you know well over 70 80 percent of people oppose the idea of going to a cashless society. And the other interesting thing is that in areas like the Bay Area where various merchants have tried to you know stop taking cash they've actually come under fire as being quote unquote racist because they're not open to people who primarily function in cash. Some comments on that Daryl?
Daryl: Yeah no really interesting subject matter there. I mean I put it kind of under cash relevance because it's a question I get asked a lot of questions that I and we still do a lot of diligence on. So you know we talked about this you know demographic issue that uses EBT et cetera but then you get into just and that's not changing that's actually growing so our demographic is growing not not decreasing but then you get into things like you spoke about there is no pending regulation out there there is no regulatory risk on the horizon relative to cash in fact there's a a bill out there called payment choice act of 2019, I think it's bill 2850 it has bipartisan support, I think it has 38 co-sponsors from both sides of the aisle and that kind of plays into what you saw occurring you referenced other countries some large retailers. You got countries like india sweden spain china there's quite a few others that made a run at becoming cashless and all reversed it right and pretty quick order then you got some large retailers I mean Walmart started some pretty big pilots just continue to pilot quickly Mcdonald's United Airlines. I mean you can go on and on and you know those have all been reversed and it is a discrimination issue. There are some local governments, state governments that have already put regulation out there in the discriminatory side but again there's some federal things being worked on. And then if you just go and look at the us I mean this is an interesting fact that I read recently and in the US as of 9 30 so you know less than a month ago there was 2 trillion in circulation of cash in the US and that's a 22 increase from January of this year so you can sit here and say did covet impacted negatively you know how did how does this epidemic how does this pandemic that we're still in today impact cash well it's certainly not hurting yet and well one of the things anything that's increasing it and this perception of the virus contained in bills and stuff both of those myths have been dispelled by now.
Buck: One of the things you mentioned which I thought was fascinating and I didn't realize this is a lot of the government programs are prepaid you know ATM cards right? I mean they're basically debit cards and people can go in and the way they're getting their cash is through those cards so that's that probably explains why you've got so much cash coming in. Anyway so I've invested in ATMs myself over the past three four years through you know your various funds and what's striking to me and I did it admittedly you know for me a lot of it was a tax play and there was you know attractive returns along with the tax play and all that stuff but over the last three or four years I've noticed a couple of things: first the monthly payments were never missed and even during Covid 19. Again to me I was like oh Covid 19 is happening how is that you know how who's going to get cash but to your point, I mean if a large segment of the population relies on cash to just buy the basics, you know everyone's being forced to stay at home but they still have to eat right I mean isn't that basically, is that what happened I mean why why was this what what made it so strong you know other than the you know the prepaid debit cards, is that pretty much the main driver you think?
Daryl: Yeah so I think it's a couple fold but you know again if you go to the prepaid debit cards that becomes a demographic issue and you know that on banked underbanked. In fact many of those came out of this pandemic with a whole lot of money more than they were typically getting as you well know so that played into it there's also this perception when you go into a pandemic some people want to hoard cash. We saw massive runs in large large cities which is unbelievable amount of cash out some of our ATMs up to some of our ATMs were up two to three x from what they were a year over during that time period. So Buck when you really look at Covid and you say how did we weather that storm it was really the demographic issue was these central locations. Did we have a few ATMs shut down? Of course we did but we had many ATMs that were performing at the level they had previous to Covid and many that were performing at levels well beyond what they had performed. So you know for example when you take the most impactful four week period of time we were down around 12 now you read some industry reports which include bank ATMs retail ATMs and all ATMs that were down 30 a lot of operators. But again because of this very narrow band very acute focus demographic you know that was worst case down about 10 in our 12 excuse me in our segments and then that just started to come back I will say in July year over year same store same ATM we were up literally up from 2019. August the same. I've yet to see september numbers but I'll be shocked that that's not the case so yeah we it really comes down to where our ATMs were placed we did not have many in non-essential locations and they're in C stores and they're in places where that demographic was actually getting having more cash than they had prior to Covid because of all the government you know supplemental or subsidy programs that are out there. And then I think there was a higher percentage of people that were using ATMs that wanted to pull cash out and they made that. The bank was closed. They couldn't go into a bank so they had to go to their bank on the street or bank in a convenience store. So there's a lot of really interesting elements when you start to kind of pull the layers back on that and get under it but that would be a few of them and you know it's the reason September August and I think excuse me July August and I think September will be year over same store up from 2019.
Buck: So with all that being said is it fair to say and do we have statistics to say that, that investments in ATMs you know at least in terms of the the way we're looking at it through this fund model is uncorrelated to the economy at large.
Daryl: Yes I would agree with that assessment. I'd suggest cash stays you know relative consistent regardless of bull or bear market for all the you know aforementioned reasons we spoke about again, you study the demographic you're just not going to see the volatility and those EBT users in fact you're going to see an increase to it irrespective of board bear market.
Buck: So our our Investor Club and your group have partnered partnered now and offer what we are calling the WF and as of course it's Wealth Formula, WF Velocity fund. Can you talk about how the fund works in general? I should point out that it is a Reg D 506C offering which means it's open to accredited investors only and that's why we can actually talk about it on this podcast specifically but maybe you could kind of give people an idea of how that fund works and you know maybe get into the numbers a little bit etc.
Daryl: Absolutely so there's an allocation of ATMs that have been allocated to this fund as an opportunity it's not an obligation but it's an allocation that we've worked on with WF Velocity fund on. So essentially invested Investor Club members would make an investment. The unit is 104 000 you can also purchase a half unit which is 52000 and from that the ATMs are purchased, they're then placed by the operator or what we would call the management company in these target demographics that we've defined here today and then the ATM is operated by that management company, that operator. So they're certified iso they fall under a lot of regulatory accountability. They have a sponsor bank they have annual audits, random audits to give you some security and transparency on that side. All ATMs or EMV, ADA, PCI compliant and then essentially they're contracting some of it is in source some of it's outsourced they're contracting with individuals to essentially operate that ATM so you have processors the same processors your bank uses like Fiserve and alarm other ones processing these transactions. They have bailment contracts they have two large national wall street banks that's providing the cash to put into the vaults of the ATMs they hire armored which is secure transport your loomis springs guarded trucks that you see driving around as we're on the highway these days and then they have maintenance companies some of it is in source they have some of their own maintenance teams but they have maintenance companies that will roll a truck to an ATM. A lot of it is the reboots and a lot of the maintenance and diagnostics are done remotely these days, but they're still you know requirements to roll trucks at times. And then they insure the cash and the ATM so if someone steals that ATM or goes in and puts a sledgehammer to it whatever it may be, you know we take on none of that risk and as noted early we then get paid a percentage of that surcharge in these blended pools to remove our volatility and you know makes for a very nice investment on our site.
Buck: Yeah so basically the idea here is that you buy a unit which is you know or a half unit so it's either six or three ATM machines and you own those right and but really what you're doing is you're taking you're you're signing a venture agreement and then in order to sort of really mitigate that risk of volatility, the income produced by those machines goes into a larger pool, you know thousands of machines to really flatten out and stabilize the return which is then returned as a fixed return over the course of seven years of monthly dividends. You want to talk a little bit about what those returns look like? And this is subject to change, but we're talking as of October in almost November here of 2020.
Daryl: Just a bit on the pooled or blended funds or pools of ATMs. In the early days it was variable and the challenge we had is we had investor A and investor B sitting in the same country club when one individual was Sally was getting a lot more than John just by virtue of where it was placed so to kind of level all that out to take the seasonality out to take the demographic issue out, they pull thousands of ATMs which not only manages risk for all of us but it flattens that you know that ATM yield out and doesn't create those those volatilities up and down on a monthly basis. But yet to the returns I use that as the segway you know I'll put free metrics out there, you have your you know your cash on cash, and the cash on cash returns here are very high but again you're making an investment in a piece of equipment an asset that depreciates it down so you know don't let this be misleading to you, I might say that from a conservative lens. But the real cash on cash is you know 25.2 percent and then the cash on cash when you factor in depreciation which I'm sure we're talking about today actually goes up to 33.2 if you factor it in at 40%. So strong cash from cash but at the end of that seven year contract your ATM for something but very little because it's a fatigue depreciated asset. Rate of return which you know I like to look at that's eleven point three percent rate of return with depreciation is seventeen point zero percent and then you know IRR which is what many people look at in this space without depreciation would be sixteen point five percent, with depreciation you know it's up slightly over 30.
Buck: Yeah so the internal rate of return, this is something we don't talk a lot about frankly in the real estate world because we tend to use different language. We often talk about annualized returns. But one of the values here in using this internal rate of return number is that it takes into consideration the time value of money and so for a fixed for something that's a depreciating asset over seven years that's a very, very important number. And a lot of it just is about how quickly you're getting your money back with consideration of what else you could do with the money in other words, I mean that's sort of like the high high level explanation of internal rate of return. Now Daryl was talking specifically about with or without depreciation. You know we talk a lot on this show about tax implications of investing in tax efficient investing. And so basically this is a piece of equipment and it can be depreciated so it's not just because of a current law but any equipment if I buy medical equipment through my business can be depreciated over five years down to zero and similarly with just like depreciation in other areas that we talk about right now, there is the idea of bonus depreciation with the Trump law or Trump tax changes at least temporarily at least for the time being you can take all of that depreciation up front. So if you had a hundred and four thousand dollar investment and you have passive income to offset, that's important it's a passive income, then you can offset that income with the you know passive deduction you're getting from these machines. So that is actually a huge, huge opportunity and honestly it's one of the main reasons that I've done this. I mean obviously the returns are very attractive but you throw in the additional element of an internal rate of return exceeding 30, you put that together with you know being able to write the whole thing off during bonus depreciation time really it's like getting your money back in less than three years and to me that's a really interesting proposition. So Daryl do you have anything to add on the tax side because it's funny because I don't when we did this presentation when we did it originally as a webinar I think you were probably taken aback by the sheer volume of tax questions but my group is completely obsessed with the concept of tax efficient investing.
Daryl: Yeah clearly a very sophisticated group of investors. You know personally Buck I think this is one of the more significant opportunities that our current tax you know code law has and I don't think it'll be here long term I mean depending on administration changes in the next what couple two weeks well would start in January but decisions made in the next couple weeks, I do think this is an opportunity when you get into 2021 that at a minimum will be reduced if not completely removed. But yeah it's powerful because if you think about it you can depreciate 100 of your investment in that first year. So you know whatever take round numbers take five units take 520k and let's just say you're you're taking bonus depreciation and you're in that 40 tax bracket all in so essentially that's 208000 right off of that that essentially is depreciated or coming off so your net basis if you will is 312k but you're going to get the return of a 520k investment. Now that does presume that you have some other passive income as was noted by you you're naturally going to have passive income generated that first year so you have that against it so you won't need the full 208, but you know you're gonna have some other you need some other passive investment to kind of run that financial model hypothetical that I just put out there. But it's powerful even if it's gonna carry forward even if you're just shielding you know you know all your income that first year because you can get in and say your entire income your first year two years is shielded through bonus depreciation so it isn't a very impactful tool and one that you know I've utilized for years and I'm hopeful that it does not go away, but I think we may be looking at a three four five six month run on this.
Buck: I agree with that on the bonus appreciation side and you know Tom Wheelwright my CPA was on the show a couple of weeks ago and we talked about this issue of bonus depreciation. It's one of the things that he whereas a number of the things in the real estate space he does not believe are really gonna go away, he doesn't think 1031s are going to go away et cetera. Bonus is going to go away and the question of when it goes away is really when the legislation comes up for it to go away because once it gets ratified, which it almost certainly will, then it reverts back to the date that that legislation was put forward so it seriously could be you know sometime relatively early next year. There's certainly a possibility. So what I like about the bonus depreciation from I'll just take one thing that I'll really like about because you don't have to do this over bonus depreciation but you can and and to me it's attractive because say you don't use that depreciation because you don't have enough passive income well you just carry it forward and try to figure out a way to create more passive income. Te talked about with that on the Tom show those of you who've got surgery centers, they've got infusion centers, you've got dialysis centers, this is all passive income and if your CPAs are not calling it passive income then you should seriously consult another CPA because you have an opportunity here potentially to wipe out like all the the taxes that you would pay on that. Again I'm not a CPA but this is stuff that we've talked about a fair amount and I feel fairly confident and telling you that you know this is this stuff works. Daryl one one more question for you and because you know people initially I think sometimes they also hear like it's an ATM play and it sounds a little you know, even for the alternative people it sounds a little alternative right? But this is not a mom and pop show. Talk a little bit about the partners here. Because this is a you know this is this is a top five operator this is you know we've got some of the some people on the board here who are you know, this is high level stuff this is not like a rookie crew. Can you talk a little bit about that?
Daryl: I'd be glad to. So yeah our operator, our management company is top five in the US. They've got close to 10000 ATMs they've got you know up times of 98.5 so they are a best-in-class operator out there and this space you know you can kind of break it down into to use your phraseology that the mom and pop and then the more larger institutional players so we're working with a bona fide growing very successful proper profitable you know operator management company which gives us a lot of security and beyond that what really helps and I noted this earlier at risk of being redundant I'll bring it up again and that is they have a sponsor back and you know to to do it at this level they do fall under a lot of regulatory scrutiny so you know they do have audits and process process systems financial viability audits etc so you know you to be an operator to operate at this level you have to be an organization that is best in class that does well and that operates you know fundamentally selling business.
Buck: So you've got an institutional quality group of individuals and operators with an institutional level, a significant portfolio, attractive monthly payments, hedge against the economy and it's highly tax efficient so it sounds like a pretty good opportunity and I assume you would think so too. So ladies and gentlemen you can learn more about this at WFVelocity.com Daryl and I did a presentation together and you can check that out there, again that's WFvelocity.com. Daryl I want to thank you very much for giving us your time today and explaining what I think is the you know particularly interesting investment given the time that we're in from an economic standpoint, from a volatility standpoint, from even from you know just the tax advantages that we have currently so thank you very much for joining us.
Daryl: My pleasure. I enjoyed our time. Thank you as well.
Buck: We'll be right back
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2020.10.27 00:30 Jean_des_Esseintes Deep Dive into Facedrive (FD.V) - Short Thesis, Target $0.43

Quick Data

Current Price: $11.06
Shares Outstanding: 93,729,980
Market Cap: 1.037 billion
TTM Revenue: 0.91 million
Price/Sales: 1140x


Facedrive is a ridesharing company that is designed to incentivize and empower the green and socially responsible consumer through the use of its carbon neutral ridesharing platform. The company was founded in January 2016 by Imran Ali Khan and Junaid Razvi but only became operational in late 2018. In August 2019 Facedrive completed a reverse take-over with High Mountain Resources and listed on the TSX Venture Exchange. Since listing on the TSX-V Facedrive has also completed a number of small acquisitions to expand its offerings both in the rideshare market and other "Facedrive Verticals".

Value Proposition

In its IPO filing statement issued 14 months ago Facedrive outlined a number of growth initiatives including:
As of today Facedrive has only achieved one of these objectives - entering the Ottawa market. In fact Facedrive has yet to expand out of Ontario with its operations limited to the Greater Toronto Area, Ottawa, Hamilton, London, Guelph, Kitchener, Waterloo, Cambridge and Orillia. Since the beginning Facedrive has been incredibly slow in rolling out their app to targeted cities. Despite being founded in January 2016 and receiving a Toronto license in 2017 the app only became operational in late 2018.
As for 3% market penetration Facedrive's gross revenue for the first 6 months of this year was $999 thousand. The rideshare market for Canada this year (adjusted for Covid) is $1.52 billion ( https://www.statista.com/outlook/368/108/ride-hailing-taxi/canada). Since Facedrive only operates in about 20% of Canada's markets, population adjusted, the current addressable market is closer to $300 million. Extrapolating Facedrive's gross revenue out to a full year would result in $2 million of revenue or less than 1% of market penetration.
But what about Covid? In the 2nd Q Lyft and Uber reported decreases in rideshare billings of 69% and 73% respectively. Meanwhile Facedrive's gross revenue dropped from $999 thousand in Q1 to $147 thousand in Q2, a drop of 85%. This signals that their market penetration is actually decreasing quarter over quarter.
Value proposition for riders? Facedrive's green initiative? The company began with the initiative to 1) offer electric vehicles); and 2) counter emissions from gas vehicles through an offset program. As of today there is nothing to differentiate Facedrive's offerings from its competitors as both Uber and Lyft now have electric vehicle options. There is no dedicated fleet of electric vehicles driving for Facedrive. Facedrive did donate $2,105 to Forests Ontario in Q1 2019 but there has been no mention of any offset program contributions since the company went public. The main benefit of rideshare programs is still convenience. For Facedrive to compete with Uber and Lyft they need drivers. At this point there are just not enough drivers to produce reasonable wait times. Reviews of the app consistently complain about wait times of up to half an hour. And with the green initiative not being robust enough to differentiate it from its competitors it is just not worth the time.
Value proposition for drivers? Over the last year Facedrive has paid out anywhere from 75% to 83% to drivers. This is slightly higher than Uber and Lyft which average around 75%. But not enough of an incentive for a driver to use Facedrive exclusively. I expect that pretty much all of the revenue Facedrive generates comes from drivers who use multiple platforms.
Conclusion: Facedrive has consistently failed to meet growth targets. Its current market penetration is less than 1% and possibly decreasing. There is no incentive for either drivers or riders to continue using the app when Uber and Lyft are perfectly suitable.

Facedrive Verticals

After its IPO Facedrive used a combination of cash and shares to acquire stakes in a number of other ventures which they plan to incorporate into their "ecosystem". Buzz words however do not make a company. None of these ventures generate significant revenue or offer much potential for growth so I'll only cover them briefly.

This is a carpooling app similar to Poparide except no one uses it and it doesn't generate any revenue. There is also a trivia app HiQ which claims to be a social app that you can enjoy while social distancing (in your carpool?). HiQ claims to have 2 million downloads (Facedrive press releases all of the major milestones) and yet it doesn't rank in the Trivia category for both IOS and Google. I downloaded the app and played for 15 minutes. The app is beyond basic with the most elementary social element. I tired messaging some other players based on similar interests but no one responded. After 15 minutes of answering both outdated and at times repetitive trivia questions I was ranked 794th all time and earned $1. I am also 74th on the weekly list which leads me to believe the app has less than 100 active users. Reading the reviews on Google Play it is a combination of obvious fake reviews (multiple reviews showing up the same day with similar broken English) and people complaining they didn't get their money for answering the trivia questions.

Facedrive Marketplace
This launched in May and generated $7 thousand in revenue. The only products available are apparel from Westbrook Inc. (a content company affiliated with Will Smith). Facedrive partnered with Westbrook last year by purchasing a $1 million convertible note. In return they have the right to sell exclusive Westbrook products to their ridership. Curiously Facedrive failed to disclose at the time of the transaction that Westbrook Inc owned 192,338 shares in Facedrive at the time of its IPO. This is a recurrent theme - I give you shares, you give me shares.

Facedrive Foods + Food Hwy
Facedrive Foods consists of assets purchased out of bankruptcy from Foodora Canada. The cost was $500K. The assets Facedrive received were Foodora's restaurant and customer list. Customers however had to opt in through e-mail in order for their contact details to be released to Facedrive. Facedrive can not use Foodora's name nor did they acquire any of Foodora's technology. The Facedrive Foods app was developed from scratch and going by reviews it is not that good. The restaurants available are mostly second tier chains listed on pretty much all the food apps. On IOS the app is ranked #157 in the food category currently - they have no market penetration.
Food Hwy is probably the closest thing to a real business Facedrive has acquired. It is another food delivery app, quite niche as it caters to the foreign student market. Facedrive paid $9.1 million in cash and shares for Food Hwy. It expects it to generate $10.5 million in revenue in 2020. No mention of profit, growth rate, or its revenue from prior years. Just an expectation.

Facedrive Health
Facedrive Health is pretty much an app + wearable bracelet called TraceScan. Through bluetooth technology it can determine if you have come into contact with someone who has tested positive for Covid-19. Ontario already has a contact tracing app that works through bluetooth and can be downloaded onto one's mobile phone (no need for a bracelet). The official Ontario app only has 8% market penetration despite its ease of use. Facedrive is currently running a pilot with Air Canada for their bracelets but the market for these bracelets is so limited when the free Ontario app does a perfectly fine job in 99% of interactions.

Tally Technology
Facedrive invested $3 million in cash and shares in this sports prediction company founded by Russell Wilson. Tally's main asset TraceMe was sold last year to Nike. Nike had no interest in the tech that remains under the Tally umbrella. All the top execs at Tally also left for Nike so it is unclear at this point what potential the remaining assets have. https://www.playtally.com

Steer Holdings
An electric vehicle subscription platform based out of Washington D.C. Another company on the verge of bankruptcy where Facedrive offered up $3.25 million USD worth of shares and in exchange the parent company of Steer purchased $2 million USD worth of shares - I give you shares and you buy some of them back. Again no mention of revenue, profit margins, growth rates or anything in the press release. Just a bunch of buzz words concerning the total addressable market.

Key Management

Does Facedrive have the management in place to successfully take on the behemoths of Uber and Lyft? Or to penetrate fresh verticals and successfully create a socially responsible ecosystem?

Junaid Razvi
Co-Founder and Executive Vice President of Facedrive, Razvi currently owns 8,751,930 shares or 9.3% of Facedrive. Prior to founding Facedrive Mr. Razvi was the CEO of an IT company in the Middle East https://www.panarabia.ae . Not much else is known other than they have a horrible website.

Sayan Navaratnam
Current CEO of Facedrive and owns 32,395,180 shares or 34.75% of Facedrive. He assumed the position of CEO in March 2019 just prior to Facedrive's TSX-V listing application. Mr. Navaratnam at first glance has a respectable resume. He was CEO of A.C. Technical Systems, specializing in security and surveillance systems. From 2014-1019 he was the CEO Connex Telecommunications Corporation. He has an investment arm called the Malar Group which purchased control of both A.C. Technical and Connex. Between 2017 and 2019 Mr. Navaratnam and Malar also took a substantial stake in Facedrive. I suspect Mr. Navaratnam connected with the co-founder Mr. Razvi as they both worked in the IT telecommunications sphere. It appears Malar has an impressive portfolio of companies but most of them are subsidiaries of Connex. Both Mr. Razvi and Mr. Navaratnam are telecommunication and hardware experts who are trying to create a social enterprise digital ecosystem geared towards milennials. They are not millennials.

Heung Hung Lee
Current CFO of Facedrive. Ms. Lee has been working with Mr. Navaratnam since 2004 when she was the CFO of A.C. Technical Systems. She then became the CFO of Connex before taking the position at Facedrive. Ms. Lee has never been employed by a billion dollar corporation let alone been the CFO of one. Perhaps this position is too overwhelming as Facedrive has failed to file their last 2 quarterly financials on time.

Jay Wilgar
Jay Wilgar was appointed the chief strategy officer of Facedrive earlier this year. Formerly he was CEO of Newstrike Brands (cannabis company) and prior to Newstrike he was CEO of both a pharmaceutical and a renewable energy company. He has a history of building companies and selling them at opportune times. However he has no experience in technology and again has never been responsible for growing a billion dollar company.

And that's pretty much it for the brains of the company.

Shady Dealings

Mr. Navaratnam's Cash Cow
Prior to becoming a public company, Mr. Navaratnam was generating significant revenue for his companies by billing Facedrive for his companies' services. Mr. Navaratnam's companies under the Malar Group were responsible for not only developing the Facedrive app, but also providing customer and driver support, leasing office space, and marketing the app. Talk about an ecosystem! Here are some snippets from Facedrive's filings:
As at September 30, 2019, $917,236 (December 31, 2018 - $436,626) was due to Dynalync 2000 Inc., a related company controlled by our Chairman and Chief Executive Officer. The amount owing is a result of the related company providing consulting services and product development, and the amount is included in the Company’s trade payable. The total expenses charged to the Company for the nine months ended September 30, 2019 were $1,200,300 (2018 - $397,100), which were included in research and development expenses of $702,300 (2018 - $241,300) and operational support expenses of $505,000 (2018 - $155,700).
Facedrive also engages DependableIT through Dynalync, a related company controlled by Sayanthan Navaratnam, the CEO, director and co-founder of Facedrive, to provide call center services to Facedrive.
Facedrive subleases office space in Richmond Hill, Ontario, Scarborough, Ontario, North York, Ontario, Toronto, Ontario, Hamilton, Ontario and Kanata, Ontario from Connex pursuant to a sublease agreement dated April 1, 2019 for $5,000 per month plus applicable taxes.
Since Facedrive has gone public they have moved most of their operations in house and hired their own developers cutting off the related transactions. But what this does show is that Facedrive basically began as a vehicle for its CEO to enrich himself, not only through the issuance of cheap stock (more on that later) but also through Facedrive's expense account.

There is a group of posters on Stockhouse that just post the same gibberish day in and day out. Their only posts are on rideshare and big tech bullboards. These are not typical Stockhouse pumpers who own shares as they show up at the same time each day and in collaboration each cover a different talking point. No rocket emojis or "to the moon" memes - just buzz terms taken from press releases spun in a positive light. And they don't discuss any other stocks. You can find some of them here https://stockhouse.com/members/shirleyarman https://stockhouse.com/members/tylermathew https://stockhouse.com/members/xavier https://stockhouse.com/members/tianaa https://stockhouse.com/members/richardsondilam
Their grammar and erudition are also very similar to the fake reviews on the app stores.

Stock Promotion
The most egregious example of Facedrive's stock promotion is their agreement with Medtronics Online Solutions. Supposedly this is an arm lengths company and yet Google returns nothing. Pursuant to a Consulting Agreement, Medtronics provided and performed marketing and strategic consulting services for and on behalf of Facedrive. In return Medtronics received $8.2 million worth of stock or 800,000 shares.
Medtronics may be responsible for not only market making services (propping up the share price) but also various paid promotion that Facedrive has been engaged in. An example, https://oilprice.com/Energy/Energy-General/The-30-Trillion-Trend-Thats-Bigger-Than-The-Entire-US-Stock-Market.html
You may have also seen Facedrive heavily promoted on Motley Fool as the next Uber or Tesla or whatever is in vogue that week.

Misleading Press Releases
Pretty much all of Facedrive's press releases are misleading or overly promotional in one way or another. Take for example the press release announcing the appointment of Jay Wilgar. The release states,
Mr. Wilgar launched renewable development firm AIM PowerGen Corporation (“AIM”) and built it and successor companies into energy projects worth approximately $2.5 billion before AIM was acquired by global renewable power firm International Power Canada (IPR-GDF Suez) in 2009
AIM was acquired by International Power in 2009 but not for anywhere near $2.5 billion. In fact AIM was acquired for USD $109 million https://www.evwind.es/2009/10/23/international-power-canada-acquires-aim-powergen-from-renewable-energy-generation/1936
Then there are the HiQ press releases, first announcing 250K downloads, then 500K downloads, then 1 million, then 1.5 million, and then 2 million. From the July 14th press release,
The App has ranked Top 10 Trivia App in over 100 countries, and ranked Top 10 App in over 50 countries. Additionally, HiQ has ranked as the Number 1 Trivia App in Bolivia, Ecuador, Egypt, Nepal, and Pakistan.
None of this is true. The app is lucky to have 100 active users. Furthermore there is no AI algorithm involved as is claimed nor is their any matching based on interests even though this would be incredibly easy to program. The suggested friends appears completely random.

True Value of Facedrive

Is it worth $1 billion?
The market, both private and public has never valued the company anywhere near $1 billion. Since 2017 Facedrive has issued stock at the following prices (all issues are split adjusted to correspond with the current share count, and converted to CAD):
The shares issued at $1.58 were issued in connection with the amalgamation agreement (IPO). The shares issued at 39 cents were all shares for debt transactions.
Think about this for a second. 22,480,113 shares or 24% of the outstanding shares were issued at a price of 2 cents! The price today is $11.06. What has changed since these shares were issued other than Facedrive has failed to meet any growth objectives and its market penetration along with brand power has dwindled to pretty much irrelevance.

Why is Facedrive trading at a $1 billion market cap?
As at June 30, 2020, the Company had 85,593,657 Shares subject to contractual lock-up restrictions which will be released on a rolling basis beginning March 16, 2021. 15% of the shares will come out of lock up on March 16, 2021, and for each subsequent 3 months another 15% will become free trading until September 30, 2022 when the final 10% will be released. This leaves only about 8 million shares in the current public float. It does not take much to move the share price in either direction.
Secondly, Facedrive has been promoting the stock in absolute desperation. They have enlisted an army of users to promote the stock on Stockhouse; they have posted fake reviews on both the Apple and Google app stores; they have paid for promotion in various investing publications; they have hired a mysterious marketing company to provide services in exchange for $8.2 million worth of shares. And yet they have done nothing to actually make a dent into their main competitors. Since its listing Facedrive has been more concerned with propping up its share price through stock promotion than it has been promoting its actual business to end users.

But, but intangibles!
There are none. There is no genius at the helm; there is no disruptive tech; there is no vision. Facedrive's best chance for success was to carve out a niche in the sustainable ridesharing market - capture the 1% of people that would be willing to wait 30 minutes for a ride in an EV. Not a billion dollar proposition but maybe something. Instead they opted for an endless dictionary of buzz words and delusions of grandeur.

So what is Facedrive's true value? The core of their operations, the ridesharing app, has made virtually no progress since it was developed in 2017. The ridesharing market is indeed a duopoly, and despite Facedrive's worst efforts to promote itself as an eco-conscious alternative it has failed to resonate with its target audience. If Uber or Lyft would be generous enough to purchase Facedrive's customer base (the tech is worthless to them) they might pay 20x net revenue or $20 million.
Given that management has done nothing to grow the business and its business plan is non-existent at worst and schizophrenic at best, it is hard to ascribe any value beyond what Facedrive has paid for the distressed assets they have purchased this year. So maybe another $15 million here (being extremely generous).
Then there is cash on the balance sheet which as of today given the recent acquisitions and burn rate is maybe $5 million.
So $40 million total. This actually sounds like way too much money for what one is getting but it still only equals 43 cents/share. Facedrive is currently trading at $11.06. Even throwing in another $50 million margin of error would still result in a 90% return from a short position.

submitted by Jean_des_Esseintes to CanadianInvestor [link] [comments]