A reptile dysfunction.
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Tons of good info and discussion in the comments. So much that it is going to take me a bit of time to incorporate more updates. I am considering working on something more of an evolved form of this one, tying together good DDs and conclusions that i have missed, new findings, etc. As I am not adept in the art of posting yet (and threw this together a little too quickly), feel free to over any feedback on structural/format improvements, meme feedback, everything. The next version of this is certain to be better in these areas, but the more exposure i get, the better i can make it. Thanks everyone so far.
Also, sorry for all caps. I will try to dial my tits back a couple levels on the next one.
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Hello follow apes,
Tried to get this out before OPEN , buut oh well.
Anyway, this is my first posted "DD", which I put together as a follow-up to some conversations within an earlier cross-post I made last night I threw in r/superstonk (check it out if you want to see some of the preliminary dialogue and my initial reasoning). I am no stranger to performing Due Diligence, though it is not something I generally broadcast so everyone can see how stupid I am, but I decided to make an exception in this case (my chronic Jackedtothetitzinitus was acting up I guess so I took a night to research a bit and braind-ump). Before going into the fluff and finally the DD (that you will need to lower your expectations on before reading), this is what I am digging into.
WHY DID I TAKE A SHOT AT THIS:
I decided to pursue this DD off of the following comment during of the DTCC CEO during the 5/6 congressional hearing:
Is it true that the "DTCC Computer" really doesn't care about price?
>DTCC CEO Bodson, "if a clearing member defaults between trade date and settlement date DTCC uses that collateral(margin) to complete that defaulting member's trades no matter how much price may have changed"
Original post I started from, posted by u/a_hopeless_rmntic
The main reason I wanted to dig further is due to his word choice. **“DTCC uses that collateral(margin) to complete that defaulting member's trades no matter how
... keep reading on reddit ➡
I have(had) an online Amazon business and was making a lot of money prior to Covid, which proceeded to crush me. I have been dealing with my accountant for the PPP loans, but it just seems like they are charging me like crazy. When I moved to their firm, I was in a bit of a mess with my prior accountant. These accountants helped me get back on track, but over the course of the last 2 years, I've paid them over $20,000. I understand they need to be compensated for their time, but at some point, I feel like they shouldn't be charging me $62 to respond to an email, or $100's for a phone call after giving them my business and paying them well over $20k in the last 2 years.
By the way, the 45-minute phone call was regarding payroll, where I was questioning their accounting decisions. I had been paying myself once per year but they never instructed me to pay myself anything in 2020 because my income wasn't high enough where I was profiting. But that almost screwed me because the 2nd PPP loan needed proof of payroll and I didn't have anything to show.
Just kind of done paying them so much money. Seems every year their hourly rate goes up 10% and they are nickel and diming me at this point. My business is crushed and they know that, I am just going to have to tell them I simply can't afford charges like these when I really don't have much (if any) business anymore.
EDIT: Thanks for all the responses! I didn't expect so many, but I really appreciate everyone's input. The pandemic crushed my business. I lost my main product source at the beginning of the pandemic. Did $200k revenue in 2020, all of which was selling remaining inventory leftover from 2019. As of now, 2021 will be lower than that unless I can flip a switch. I am the only employee. I have hardly any business expenses, but I do have the accountant do it all. There was no payroll in 2020 other than from the PPP loan the business received. This was the entire purpose of my 45-minute phone call with them....to discuss why I didn't have any payroll in 2020 because it almost messed up my PPP loan application. Going forward they are now having me take a small monthly paycheck to show something for payroll, but without that phone call, this probably wouldn't have happened. Also, they were the ones who called me, I didn't call them. We were playing email tag and they thought a phone call was better to discuss and it turned into 45-minutes. For reference, both CPAs at the firm that I work with were on the phon
... keep reading on reddit ➡
A Transplant.
Every single one of them has 15 trades of as many things you can lowball on recycling every 15 fvckin minutes like lowballing to the next level is that sh!t
To the point: the message sucks and sounds like voicemail. People hang up after it says "the person you are calling" without actually understanding what's happening. I love this feature but it sounds way too much like some ignorable answering machine to be at all useful.
Can we change this to something else?
I’m got a shit ton of annoying and even awful symptoms, but one change I like: My hair got curly! And once I figured out how to style it (yay, internet), I love having curls. Also, I really don’t give a shit anymore. At all. I’ve never been too fussed about it, but wow, now I’m so over pleasing people 🙄
Any change or development that’s positive for you?
I was going to write this as a comment to this post but I think it deserves it's own post. This started out as a discussion on technology, but it ended up becoming much greater.
Guys we are the ones who need to make a difference. For millenials it's too late. They didn't grow up with the rise of internet culture and so are not weary of the effects, and are now raising their kids with cellphones and tablets. Gen Alpha will not know a world without screens being handed to them as soon as you are born. We are the ones in power. We grew up with this, we know the effects.
Let's make a promise right here and right now, that we will not fuck up our kids with screens as soon as they are born, like our fellow millenials are doing. Because I don't know about you, but I don't want my kids and the next generation (our kids will most likely be gen beta) to have thei brains mushed with the internet while they are in key developing years. I don't care what his friends might do, or what other parents might do, but my kid will not get a smartphone until he is in his teens.
We are the lucky ones. We know what the internet and social media has done to us. We know what early access to porn has done to us. We know what internet addiciton and being glued to a screen for hours has done to us. And we cannot allow this to go any futher.
But we can go much further than this. Climate change is our single biggest threat right now. Boomers gave this to us, Gen X didn't do anything, and Millenials are starting to raise awareness, but it's not nearly as fast as we need. We are young, and the effects of climate change will directly affects every single one of our lives whether we like it or not. And it will affect our kids' lives to a significantly greater degree. They might not even have a future on this planet if things continue to go this way.
But we can make a difference. We need to go out into the world ready to make changes. Because that is who we are. We are not the lazy generation, we are not the adicted-to-technology generation, we are not the short-attention-span generation or any of the other dozens of names people want to give us.
We are the Change generation.
We are the most accepting generation in history in terms of racism, sexism and homophobia. We are aware of the words state and how previous generations have treated it. We have the perspective and experience with
... keep reading on reddit ➡
I have(had) an online Amazon business and was making a lot of money prior to Covid, which proceeded to crush me. I have been dealing with my accountant for the PPP loans, but it just seems like they are charging me like crazy. When I moved to their firm, I was in a bit of a mess with my prior accountant. These accountants helped me get back on track, but over the course of the last 2 years, I've paid them over $20,000. I understand they need to be compensated for their time, but at some point, I feel like they shouldn't be charging me $62 to respond to an email, or $100's for a phone call after giving them my business and paying them well over $20k in the last 2 years.
By the way, the 45-minute phone call was regarding payroll, where I was questioning their accounting decisions. I had been paying myself once per year but they never instructed me to pay myself anything in 2020 because my income wasn't high enough where I was profiting. But that almost screwed me because the 2nd PPP loan needed proof of payroll and I didn't have anything to show.
Just kind of done paying them so much money. Seems every year their hourly rate goes up 10% and they are nickel and diming me at this point. My business is crushed and they know that, I am just going to have to tell them I simply can't afford charges like these when I really don't have much (if any) business anymore.
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