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    Wednesday, July 1, 2020

    American Cannabis Operator Stocks Gain 29% in Q2 – New Cannabis Ventures Investment Club

    American Cannabis Operator Stocks Gain 29% in Q2 – New Cannabis Ventures Investment Club


    American Cannabis Operator Stocks Gain 29% in Q2 – New Cannabis Ventures

    Posted: 01 Jul 2020 09:34 AM PDT

    Insight on Landcadia ll (LCA) (merging with Golden Nugget)

    Posted: 01 Jul 2020 03:32 AM PDT

    Hi all,

    What are your opinions on LCA, an online gambling market and my take on it?

    My take,

    POSITIVE:

    LCA to reverse merge with Golden Nugget by the end of Q3. (Symbol to convert to GNOG after Q3) Already entered Purchase Agreement but needs approval of a majority of the outstanding shares of Landcadia ll. This was announced 29th June. Today is 1st July. Price already shot up to $16.33 from around $10.

    Will become the only 2nd pure publicly traded online casino company in US by end of Q3.

    Became profitable in 3 years in 2016.

    CEO Tilman Fertitta. Established Billionaire. Experienced.

    Emerging online market, still has a lot of room to grow in US and be legalised in many state

    Covid is actually helping this due to stay at home factor.

    Customers are more mature and have higher disposable income

    Comparing DKNG and GAN the valuation of LCA should be around $25.

    NEGATIVE:

    Competitiors. Mainly DraftKing.

    Law and regulation on gambling online may affect this long term.

    Social perception on online gambling is not seen as a positive view in today's society.

    Merger hasn't gone through, if it doesn't it will go back to $10.

    LCA did have debt. To be paid off once the merger goes through.

    There will be pump and dump.

    Tilman other blanc check company went down before (a food delivery company) due competiton like ubereats.

    This is purely a speculative stock. In a hot, volatile market and will gain a lot of traction no matter how investable it is.

    I may only put a small percentage of my portfolio in to this due to my individual risk factor. Has a good long term potential. Good for swing trade.

    Your thoughts??

    submitted by /u/whitewolves07
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    Lululemon (LULU) to buy Mirror, a home-fitness startup.

    Posted: 30 Jun 2020 01:23 PM PDT

    YouTube

    Posted: 01 Jul 2020 05:15 AM PDT

    Uniform Stamp Duty Applied from July 01: Things Investors Need to Know

    Posted: 01 Jul 2020 03:39 AM PDT

    According to a Press Conference released by the Government on Tuesday, June 30, 2020, there will be the implementation of the uniform stamp duty on transfer of shares, debentures, futures, options, currency, and other capital market instruments from July 01, 2020. The government has introduced the changes in the Stamp Duty Act, 1899 last year and decided to implement in the January month of this year but the government measure postponed twice before the recent notification issued yesterday.

    The provision has come into effect now, according to which, the stamp duty will have to be paid by either buyer or seller of financial security. With this, the current practice of levying the duty on both will no longer work. Earlier, the system of collection of stamp duty on securities market transaction led to multiple rates for the same instrument, which resulted in multiple incidences of duty.

    https://www.invest19.com/blog/uniform-stamp-duty-applied-from-july-01-things-investors-need-to-know/

    submitted by /u/SumantS
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    Elliott Wave Patterns & Fibonacci Relationships Core Reference Guide

    Posted: 30 Jun 2020 02:57 PM PDT

    What are your thoughts on Index Universal Life Insurance?

    Posted: 30 Jun 2020 05:19 PM PDT

    Interactive broker maintenance fee

    Posted: 30 Jun 2020 11:14 AM PDT

    May I know where IB deducts the maintenance fee from?

    Do they deduct from the idle cash in the IBRK Pro account?

    Also, if I do not have enough idle cash to pay off the fee, what will happen? Are they going to force liquidate your assets just to pay the $10 maintenance fee ?

    Oh and I am 22 Years old, I was wondering if I am eligible for the $3 maintenance fee per month.

    submitted by /u/Sebzxc
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