…The raging river, pulled them down.
Now they’ll always, be together,
In that Happy Hunting Ground…
- Running Bear by Sonny James
“Snakeyes! New roller, please, next up.” The game runner raked in the dice and chips and ignored the despair in the countenance of the most recent “high roller”. Ted shook his head and other people crowded him away from the dice pit. He was almost out of funds and it was still early. He’d budgeted his, “loss level” carefully to maximize his time at the reservation casino. It was an older one, filled with stereotypical paintings and statues intended to honor the local First Nations Tribes while fulfilling the expectations of rude tourists. He looked around forlornly for a new game to play. He didn’t care for the slots or the drawn-out and ever-shifting card games… ah, Blackjack! There was an opening at the table.
He rushed over before anyone else could snag it and bustled onto the chair. “Okay to deal me in on the next hand?” He interrupted the dealer, who ignored him until he was done dealing out the rest of the players and raking in the chips. He still did not speak but once Ted placed the minimum bet, he flipped a card down in front of him and the game began. Ted immediately started winning the straightforward game. He picked up most of his losses from his unfortunate run at craps and was finally enjoying himself. The couple at the far end of the table had apparently had enough and didn’t care for the new player. Ted liked to talk to new people and thought he was good at it. Before long, the other players had left and it was down to him, the dealer, and an older man, who wore a black cowboy style hat and chain-smoked thin cigarillos.
Ted, grinning heartily at his latest win, glanced over at the man, who had just fired up his next cancer-stick, “You know casinos, and a few bars are the last public places where anyone smokes. I remember when there were smoking sections at most places and my parents told me that there used to be no restrictions. I’ll bet you get plenty of pressure to stop from your family and friends. It’s a pretty bad habit for your long-term health…” Ted usually rambled on past any non-verbal cues that people might give him to stop talking, yet his diatribe came to a screeching halt at the look with which the stern-faced elder favored him.
The older man drew in a long pull on the firestick and then exhaled the stinking cloud into Ted’s face. He coughed a little and gagged at the odor of the raw blend of tobacco and chemicals. The old one removed the cigarillo from his mouth and tapped ashes onto the edge of the table and down onto the floor at his toes, “Sonny, nobody cares. Nobody wants your opinion, and you are not special, no matter what your mommy told you. I’ll do as I please and if you don’t like it, go bother people at another table.”
Ted gaped in shock. In his mind, the man’s words verged on an “assault”. He looked helplessly at the dealer, who just ducked his head and tried not to laugh. Indignant, he rose, took his pile of chips and fled into the depths of the gaming house in search of a friendlier table. He didn’t find one that he liked, so he finally gave up and sat at the bar. The bartender seemed to ignore him in favor of tidying up her workspace. He cleared his throat and received only a glance. He mumbled as much to himself as to her, “I just want a drink while I wait for a table to open.” He wondered at her stony silence, maybe she resents me for being…
His vocal ruminations were interrupted by a feminine voice, “What do you want?”
Ted looked up to see the bartender, mocking smile in place below shining, mesmerizing eyes. Ted simply gaped and eventually worked his jaw uselessly. The bartender shrugged and walked back to the other end of the bar. She spoke with a large man who was clearly part of the security team. He glared at Ted while she spoke. Ted wanted to avoid a confrontation. He’d been conditioned that he should seek authorities if such a situation loomed. Yet casino security was the only available authority here locally. There were Tribal Police on the Reservation, but he wasn’t sure they would want to listen to him. He finally shrugged and decided to go back over to the hotel for the rest of the night. This trip had been very unsatisfying… like all those he’d taken since he moved away from his parents’ home a few years previously.
There was an indoor walkway to the hotel, but Ted decided to go by the outdoor route to get some fresh air and enjoy the natural beauty that the builders had incorporated into the facility. As he walked dejectedly down the sidewalk, local flora pressing in from each side, he heard, from the nearby forest, a screeching wail. It startled him and he had to stop a moment to catch his breath and wait for his heart rate to slow to something more manageable. He realized that it must have been an owl or some other night bird. His father had told him that there were always weird noises “out in the sticks”.
As he plunged his hands into his pockets and determined to go to his room for rest, he caught the faint smell of burning tobacco on the breeze. It wafted over his shoulder from behind and caused him to emit a feeble cough. He looked back in annoyance. In the shadows behind him, he saw a figure. It was dark and stood still in a way that made him uncomfortable. An orange glowing circle of embers hovered around the face and rendered just enough light to illuminate the blue-grey curls of smoke as they exited the tiny conflagration and rose above the brim of a black hat. The ember flared for a moment and then flashed to the ground and was snuffed by a shadowed… foot? It wasn’t exactly clear to Ted; the figure’s lower extremities were... blurred. An even brighter flare, from a lighter or match stabbed into Ted’s eyes as the Smoker lit his next cigarillo.
Ted glared irritation but felt uncomfortable at the unnatural stillness to which the figure returned once the new fire was lit. He coughed once more, this time deliberately in a passive-aggressive attempt to communicate his displeasure and resumed his walk. He strained to listen behind him to determine whether the figure followed. He truly wished to get away from the stink and the threat of cancer or other respiratory illnesses. He slowed to listen, then gave up and looked over his shoulder again. There was no figure in the dark back near the exit to the casino. He turned to resume his walk, but a smoky black form now loomed before him! Its eyes glowed and smoked like large twin cigars as it gaped a maw that emitted pure black smoke and glowed with blue flames within the deep tunnel of the throat. Ted’s consciousness fled his body and found itself in a burning nightmare landscape that extended for as far as he could perceive in all directions.
**** * ****
Darnell, known to his public as “Murder Bush” a deliberate mistranslation of “merde bouche” a.k.a. “Deadly Rapper” for having been a suspect in a shooting back in his youth, stepped up to the dice pit as the geeky dude left. He had plenty of chips and cash to back them. His entourage was there to support him and kiss his backside as often as he wished. He rolled through six passes before he crapped out. He hadn’t over-bet, so he’d won a small amount. He picked up his latest winning chips and handed them to the hostess who had kept him well plied with drinks and snacks. He was sure that for the right price, she would take care of his other needs. He played a few card tables and finished with Roulette.
Each time he won a few chips, he passed them on to the young woman or to one of his flunkies. In the end, they had all received at least some reward for the praises they’d heaped upon him; not for any real accomplishments, but rather to curry favor with the man whom they considered to be wealthy and important: a celebrity. The girl stayed at his side and except for when he asked her questions, she said nothing. He liked that: bitch know her place, he reveled in internal satisfaction. He liked her looks too. She was medium height and a little, “thick”. She was clearly interested but hadn’t gotten in his way when he flirted with other women. He truly liked this one. The more he considered her, the more he wanted to get down to business.
Eventually, he posed the question to her, “How much for the next few hours?” His brazen suggestion that she would take money for sexual favors was the final test. If she grew angry, then she didn’t appreciate his genius…
“Whatever you think is fair. How about we see if I can satisfy you? If I can, then you may want to be generous… as you have been so far.” She hefted the chips so that the pieces clinked in her palm. “If not, I don’t deserve a reward.”
She had passed with flying colors. Might even take this one back to civilization with me, he purred in his mind. He’d always thought of himself as a Big Cat… maybe a leopard or jaguar, definitely something dangerous and sleek. His need grew more intense by the moment. He desperately wanted this woman. “Come on, let’s go to my room.” He husked in a voice grown thick with desire.
They reached his suite, his groupies having been dismissed to their own nefarious pursuits, even his bodyguard. The big man had shrugged, “Your call boss-man.” and then stumped across the hallway to his own room. Now he was finally alone with… her. He stripped off his shirt and flipped his shoes into a corner. She stood by the window and watched. The drinks he’d consumed finally caught up with him before he’d shucked his pants and drawers, “Hold on, I’ll be right back.” He was excited, which made urinating a challenge, but it had to be done, so that he could maximize his pleasure. When he stepped from the restroom, au natural, he saw that his latest conquest had done the same and now stood, bare to the world and staring out the window, all the curtains on it pushed to one side, so that the night loomed and the light of a single small desk lamp lit the room. He stalked over to her, ready to take her right there at the window in full view of anyone who looked up from the outside. He secretly hoped for an audience. He enjoyed having others watch him take what he wanted.
She turned to face him, her head lowered… no, it had sunken into her body, only her hair remained above her shoulders! A… mouth, gaping and slavering opened on her stomach, a mouth too large for her body and rimmed with rows of teeth like sharpened spikes. She stepped forward to embrace him and the screaming began… sounds that he was accustomed to eliciting from others rather than emitting from his own person.
**** * ****
“Rhino” was unhappy. He didn’t like to leave Darnell unattended. Perhaps now that his boss was in the room, he could go stand guard outside the door. He took care of some personal ablutions as he wolfed down a couple of energy bars and then walked out into the hallway. He started to settle in front of Darnell’s door, when he heard a muffled scream and faint… slobbering-gobbling noises come from the other side. He quickly tried the door, initially too panicked to think of the extra key card with which Darnell had entrusted him. He fumbled for it and soon had the door open. The interior was completely dark. The light from the hallway spilled inward but didn’t seem to reach as far into the room as it should.
He drew his pistol from the holster on his waistband and began to stalk forward, “Boss, you okay? You hurt?” The room was as silent as a tomb, he shivered a little as that thought crossed his mind. Over by the closed drapes, he smelled something awful: fresh blood and spilled entrails… recent death. His feet squelched on wet carpet. He turned around quickly. There had been no noise, but he’d felt a… presence. There she stood, arms spread wide, mouth on her gut spread wider. Rhino wasn’t one to scream or yell, even in extremis, so no others would come to this room to investigate.
**** * ****
Shelly was glad when the rowdy group left the roulette wheel that sat behind her favorite row of slots. The former “one-armed bandits”, that were now, “multiple button digital bandits” lined every available wall space, and in some spaces stood in rows that drew regulars like a dung-heap draws flies. She’d grabbed her favorite machine early in the evening and sat sliding in dollar bills and working up her points. It was called “Buffalo Dance” and featured images of American Bison and feather-bedecked hunters. The theme on the screen matched and she hoped to one day see the “White Buffalo” image adorn the entire set of images… the grand prize view. Despite the fun graphics, it was her favorite because it was near a restroom and a free soda and snack bar. She found herself ahead and on a roll. She absently lipped her dangling cigarette back into her mouth for a long draw. The smoke obscured the screen for a moment, and then she noted a shadow that lengthened across the reflective surface. Someone stood close behind her. Someone who exuded a chilly air. She paused and looked around, “Can I help you?”
There was no answer, though the shadow shifted slightly as if its caster had heard her.
Now she grew annoyed, this is just the sort of thing to break my winning streak! she raged internally. She braced her hands against the machine and worked her buttocks to make the stool on which she perched spin, so she could confront her harasser. She gaped, and nearly lost her cigarette, there was no one standing near enough to cast the shadow. No one even faced her. She chalked it up to excitement, maybe someone stepped too close when passing to go to the restroom, she thought, still a little annoyed and... chilled.
She turned back to her game and continued working the buttons, pumping in bills, and winning, a little at a time, the points now built well above her investment. This weekend is gonna pay for the last two months of losing and breaking even, she thought triumphantly. The shadow loomed across the screen once more, this time even larger, as though the figure that cast it stood closer. The shape was amorphous but hinted at anthropomorphic. She shivered as an icy breeze flowed around her, as though the air conditioning had sent out a short, cold burst, a minor malfunction…
She turned around with more alacrity and determination than the last time, mouth agape, cigarette once more dangling… precipitously and endangering the cleavage she displayed, already baked and wrinkled from years of sunbathing. The frigid air passed, and no one stood anywhere near her, though a customer approached, headed for either snacks or relief. “Excuse me sir, did you just see someone, maybe a large man, standing behind me?”
The man paused and looked at her in confusion. He had clearly been absorbed in his own thoughts, “Er, what? Uh, No. I wasn’t really paying attention, but… no.” He bustled on toward the free fountain drinks machine.
Shelly shrugged, can’t give up now, the pot is even bigger. She checked her points; she was nearing her all-time high. The winnings would pay her space rental fee at the RV park for the entire month. She pressed and played the buttons more fervently than ever, determined to break the bank on straight points or to reach that magical spin that would offer an instant reward of $10,000.00. She set her new points record and reveled for a moment. She reached for the now small stack of dollar bills the rest having been devoured by the machine. She fed in the entire remaining amount, then once more gazed at the screen. It was entirely blackened by a looming shadow.
The temperature of the air around her plummeted and she shuddered with the sudden biting cold. The cigarette was long extinguished, and she’d let the cold fag fall into the ash tray built onto the side of the machine opposite the drink holder. She was so cold, and she wanted to cry out for help, but the darkness closed in around her as the shadow enveloped her and cut off her breathing. Her fingers, paused above the “spin” button, struck and as her consciousness faded, she saw the flashing blue light and heard the blare of the winner’s siren. White Buffalo images filled all nine spaces. I won! The grand prize!
**** * ****
Terry filled his large cup and stood sipping and daydreaming. He’d lost everything he’d budgeted to lose. Yet he knew that one more try would put him back in black for this trip. He mused about what he would do with the prize money. He’d set his limit at $300.00 and had quickly lost it all on slots. Maybe he could risk just a few more dollars… skip a lunch or two until his next paycheck if it didn’t work. He was startled by the jackpot winner’s flashing light and siren that went off just behind him. That bitch! He yelled internally. Figures some old used up skank would win the big prize. He looked over at the nearby machine with anger and envy vying for control of his senses. She was gone!
He stepped over to the machine and looked around in confusion. Maybe she’d gone to the restroom? No, she’d have passed right by me. He shook his head and stepped up to look at the screen. He could still feel the recent presence of a player, the trace of warmth from a human body that might linger in a space for just a moment after the human had vacated the space. He looked around the casino floor, she was nowhere in sight. She’d been wearing a low-cut silver-spangled top that was cut way too low for her sagging, sun-ravaged bosom. She should be easy to spy, she looked like a deflated disco ball that had fallen from the ceiling to play slots. The only thing that came his way was a train of employees, led by a waitress in a skimpy outfit with purple sparkles and carrying a tray with a glass and a dark bottle. She was followed by other employees, who’d formed a sort of conga line: they sang a congratulatory chorus as they approached.
Terry gaped for a moment when he realized that they thought he was the big winner. He’d have to deny it of course. Surely the woman would be back at any moment to claim her prize. The floor cameras would have recorded who had sat at the machine, but it was too late. The group of enthused employees encircled him, and the attractive young waitress poured him a glass of champagne and snuggled up to him. The manager approached and seized his hand for a vigorous shake, “Well done sir! I see that not only have you hit the jackpot, but you’ve raised an additional $3,000.00 in points. A fabulous prize and well played I’m sure.”
Terry was flabbergasted. He’d never won anything like this… I still haven’t, not really, he reminded himself. He rarely broke even on his gambling forays, whether to the casino, or the corner store for lottery tickets and video slots. He allowed himself to be swept into the reverie and led from the machine to the bar. The employees peeled away as they approached, and he soon found himself with only the bottle and a receipt that he could cash out before he left the premises. A sullen-looking woman stood behind the bar, wiping glasses and a large, mean-looking security staffer menaced the far end. He already had his bottle, so he wasn’t sure why the staff members had deposited him with these two killjoys. He shrugged, picked up the champagne and started to walk away from the bar.
“You can’t take that with you. Either drink it here or give it to me and I’ll put it in the trash.” The bartender stated in monotone.
The security officer stood up straight from where he’d been leaning against the far wall, apparently propping up the building. He folded his massive arms in a threatening manner. Silly, thought Terry, folded arms should be a hindrance, but I get the feeling he’s dangerous regardless. He figured that he’d had enough anyway and set the nearly empty bottle on the bar, “You can keep it ma’am. I can afford another at the hotel.” Terry started to walk away from the bar, but a huge ham-like hand seized his shoulder.
Sausage-sized fingers applied painful pressure, “You apologize to the lady.” The wet heat from a mouth placed uncomfortably close to his ear and beath smelling of river bottom, sent a shiver of disgust through his body. The voice was low and deep as the river that ran past the back side of the property.
Terry decided on the better part of valor and head facing forward to avoid the obscene orifice, “Sorry ma’am, I meant no offense.”
The fingers let go and a harsh laugh sounded from behind the bar. “He don’t even know why he’s apologizing, fool. He ain’t worth the trouble, let him go.”
Terry felt a slight shove and he was sent on his way to the cash-out window. There he met with the lead cashier, an older woman in drab clothing, “I’m sorry sir, we give out only these pre-paid cards, we cannot provide cash over $1,000.00. However, you can treat them like a debit or credit card.” the cashier informed him. It seemed he had no choice, so he accepted. Thirteen grand is thirteen grand, he assured himself. He was elated, though he continued to glance around nervously, waiting for the woman in the sparkly fish-scale top to accost him and name him thief. Yet she was nowhere to be seen. The floor was full of players, some laughing, some intense, some dejected or mesmerized by the games of chance in which they’d lost themselves.
He thought about what to do with the rest of his evening. He didn’t have a hotel room; he’d planned to sleep in his station wagon as he always did before the long haul home. Perhaps he should get a room? Maybe they would take him without a reservation… he giggled a little at the unintended pun: a reservation at the Reservation… he shook his head to clear his overreaction to the silly internal joke. He decided that maybe someone on staff could help him. He approached the major domo at the front entrance that led to the interior walkway and the hotel beyond, “Excuse me sir, do you know whether the hotel will accept a resident without a prior reservation?”
The man, single dark braid wrapped in a leather holder and draped over one shoulder, looked at him gravely, “Yes, I know.” He said nothing more and did not smile as though he’d intended to be humorous.
Terry tried again, “Will you tell me please?”
The man flicked his chin in the direction of the hotel, “See the clerk at the desk.”
“Jerk, you’d think I hadn’t pissed away enough cash in this place over the past few years,” Terry muttered as he stumped toward the hotel, ensuring that he was well beyond earshot before he spoke. His head had begun to buzz a little from the champagne. Took a while for it to affect me, he mused. The hallway appeared to narrow, and his peripheral vision grew grey. He felt dizzy and as he entered the main lobby, the large room began to spin. His last view was of the sky-blue ceiling decorated with a few puffy clouds as it faded into darkness like the sun had set.
He awakened to the sounds of voices chattering happily. He looked around, his vision blurred slightly and his head feeling heavy and sore. He soon found that he could not move his arms or legs… they were bound… he was strapped to a table. He saw numerous bodies moving about in the mostly dark space in which he found himself. “Please.” He croaked, throat dry and feeling scraped. “Please, help me, let me loose. Loose me…” his perceptions cleared slowly, and he saw that the bodies that moved around him, now chanting rhythmically rather than babble-chattering, were emaciated. The owners showed as much bone through their skin as would a dead thing, long decayed. He noted spikes above a few heads… no, antlers… The rest wore… masks? Of various beasts… no, the skulls of those creatures, still filled with glistening fangs. Their dance grew ever more frantic, more energetic than they should be capable of performing. Then one of them reached out with a stick, on the end of which was a small claw, taken and preserved from some dead animal. It used the claw to gouge out a scoop of flesh from Terry’s side. He screamed in torment and horror. His screams soon matched the rhythm of the chanting and they went on for a long time before they at last faded when he’d lost too much blood to remain conscious.
**** * **** END PAGE 1 of 2

Connect your company to the blockchain to create your unique digital identity by issuing a token (a digital share) for your business. Digitize your assets and raise new capital more easily. By 2025, 10% of global assets are expected to be tokenized. How can you benefit as a business owner and as an investor?
A token is a digital means to represent a unit of value. This unit can be assigned to anything held valuable, such as digital assets or digital representations of possessions. You can take advantage of what tokens and tokenization have to offer to you both as a business owner and an investor.

What Is Tokenization

When talking about cryptocurrencies, we speak about coins and tokens. A coin is generally a cryptocurrency with its own standalone blockchain (e.g. Bitcoin, Litecoin), it has similar characteristics as money, and is used for payments as money.
A token is typically a cryptocurrency that uses and is built on an already existing blockchain, e.g. DEXFIN Token (DXF), which is built on Ethereum. A token can also represent a share in ownership, a share in a company, etc. That’s why tokens can be used very well to tokenize a business.
Tokenization means emitting tokens and assigning them a specific value. Physical tokens have long been used to represent money. Some examples are casino chips, cheques, banknotes and coins, prepaid gift and shopping cards, as well as coupons. Tokens are also used to protect credit card information where the primary account number is replaced with a randomized number, called a token. Thus, we have been using tokens in many forms and for a very long time.
Tokenization is also a new form of crowdfunding for companies and a new opportunity for investors to participate in promising projects at an early stage to benefit from their growth and future profit.
Tokenization allows to divide one ownership right (e.g. to a factory) into individual tokens. Since tokens have up to 18 decimals, it is very easy for investors to support your company by buying a fraction of the shares in the form of tokens. Tokens can also be connected with a project, used as loyalty points, means of payment, etc. All these transactions are immutable and always transparently accessible on blockchain, which serves as a public ledger.

Stocks vs. Tokens

Let’s have some examples of the most expensive stocks in the world as of February 5, 2021.

• Berkshire Hathaway Inc.: 354,760.00 USD
• Lindt & Spruengli AG: 8,848.34 USD
• NVR, Inc.: 4,552.11 USD
• Seaboard Corporation: 3,156.63 USD
• Amazon: 3,331.00 USD

It is apparent that the prices of some shares can be prohibitive. Many people can’t even start thinking about buying any of these shares.
On the other hand, a token can have up to 18 decimals. Thus, one quintillionth, or 10-18 (or 1e-18) is the smallest unit: 0.000 000 000 000 000 001
If the above-mentioned shares were tokenized, you could buy just a fraction, for a price accessible to anybody.

Examples of Tokenization

Let’s bring in some simplified examples of businesses that can be tokenized.
Forest: Say, you own a forest or a forest nursery worth $100,000. You need some money, but you don’t want to chop the trees down to sell them because you still want to let them grow to realize a bigger profit later on. You can prepare 100,000 digital tokens, where each token will represent 0.001%, or 1/10,000th of your forest. These tokens will be made available on a platform supporting smart contracts. Typically, these will be ERC-20 tokens on the Ethereum platform. From now on, anybody can buy any share in your forest, with some owning, for example, dozens of trees, and some owning just a fraction or a part of a tree.
Animal farm: You can proceed similarly with your farm animals worth e.g. $1,000,000, emitting 1,000,000 digital tokens, where each token will represent 0.0001%, or 1/100,000th of your farm. Some investors can own 10 cows, some will invest into a fraction of a cow which is easy to do, thanks to tokens.
Manufacturing plant: You can print 1,000,000 (or any other volume) digital tokens, each representing an equivalent part of this production factory. The investors can buy any share in your enterprise, from a big volume, down to a small fraction of your enterprise.
Real estate: You can emit tokens in the volume representing, for example, your office premises. The investors can easily invest into just a few square meters or square feet. Also, you can easily offer just a part of your premises to investors.
These are just a few examples to give you an idea how tokenization can be used. Any type of asset can be tokenized, including funds, equity, real estate, debt, etc. You can probably immediately see how effective this process is, cutting out all the paperwork and intermediaries. On top of that, everything is immutable and transparent on the public blockchain.

Tokenization: Connecting Issuers With Investors

Tokenization bears several advantages that fundamentally improves market access for asset holders and investors. Besides reducing the general costs of issuances, tokenization improves both the access and the attractiveness of assets. Let’s see the advantages both for the issuers and for the investors.

The Benefits of Tokenization for the Company (the Issuer)

All the advantages listed below relate to companies of any size: from large, through middle-sized, to small. The list of benefits is in a random order. Please check which features are the most applicable to and the most important for your business.
Better funding opportunities: Fundraising is a challenge for businesses, and most startups don’t have the resources necessary to raise funds in an IPO, through publicly issued shares. Crowdfunding as an alternative has its own challenges, and could be ineffective without a proper marketing campaign. On the other hand, offering digital tokens of your company could be a smooth and easy way to raise new capital.
Low-cost issuance: Tokenization disintermediates the issuance process, saving you valuable time and resources. The setup fee can start from around $40,000 – depending on the complexity of the project. Tokenization is a clear winner if you compare it with all the requirements to enter a stock exchange.
Digital management: Smart contracts enable digitized shareholder registries, automated reporting and corporate actions.
Fast execution: By standardizing and automating the issuance and management processes, the time to market is cut to a minimum. The whole setup and launch can be done in as little as 10 weeks from the initial assessment.
No intermediaries: Intermediaries, such as brokers, are not needed at all, whereby you save your time, money, and resources. The issuers offer their tokens (digital shares) directly to investors, providing transparent and immutable information.
Fractional ownership: Your assets can be fractionalised without any extra cost. Thanks to that, your assets are available to a large crowd of small investors, whose support can be an advantage for your business. Of course, you can also stipulate a minimum purchase, e.g. 100 or 1,000 tokens or a minimum purchase worth $50, etc.
Transferability: A fully digital infrastructure enables instantaneous and global transfer of asset ownership.
Automation: Many functions can be automated and simplified through the blockchain and smart contracts (computer protocols that enforce specific requirements or actions), cutting out middlemen and manual processes prone to error. With smart contracts, you can fully automate processes, such as distributions of dividends, commissions, waterfalls, etc.
Transparency: Blockchain and smart contracts rule out the asymmetry of information that often exists during the actual transfer of ownership of an asset, making the transaction smooth and transparent.
Immutability: Many businesses and institutions use their own databases with different levels of access for different users (e.g. restricted view on data vs. full view). There’s no mechanism to make this data immutable. On the other hand, blockchain technology adds an immense value into the process: Once an investor makes a transaction on a blockchain (e.g. buys your token), this transaction is immutable; nobody can change it or erase its history. This simplifies any auditing, since it is easy to show that the data has not been changed in any way, reducing time and costs.
24/7/365: Blockchain knows nothing about working hours, thus your tokens and assets are available every single second. Such increased liquidity creates great opportunities for investors.
Employee ownership possibilities: When tokenizing your own business, you can prepare a certain, perhaps a discounted, volume of these tokens for your employees, offering them a partial or fractional ownership in the company where they work. This motivates them to work harder for what’s best for your company, since the success of your business is their success, as well.
Cost savings: Tokenization brings in cost savings in many stages of the process, as we have already seen. What belongs here are for example reduced transaction costs, speed, automation, transferability, transparency, etc.
Your own digital identity: Tokenization gives your business its own unique digital identity, which means a tremendous advantage over your competitors.

Setting Up Tokenization

Of course, the whole process of tokenization has to be set up well, so that everything is smooth and efficient. All the steps have to be executed correctly, for example, the choice of platform, the blockchain infrastructure, compliance with laws and regulations, overcoming roadblocks to investor entry, etc.

In case you need reliable guidance, you can turn to DEXFIN to assist you with the whole process of tokenization.

The Benefits of Tokenization for Investors

Affordability: A token typically has up to 18 decimals. Thanks to this, the assets are available to investors who can make a purchase, starting from a very low amount.
Fractional ownership: The tokenization makes it possible to fractionalise the assets, making it possible for small investors to own just a fraction of their chosen asset.
Diversification: Fractional ownership allows investors to invest into more assets, by which they can easily and effectively diversify their investment portfolio.
Transferability: Since the tokens are digital, they can be easily transferred globally, from any place in the world to any other place in the world.
Rapid settlement: The transactions on blockchain can be completed, verified and checked within minutes after sending.
Low fees: The payments are settled in a matter of minutes, with very low fees.
Transparency: All transactions are immutably recorded on a blockchain that serves as a public ledger. This is an assurance of the utmost transparency.

Tokenize and Thrive

Tokenization brings many benefits to both the issuer and the investor. It is an exciting, fastly developing field, utilizing the most advanced technology. Tokenization allows the creation of a new financial system, that is transparent, efficient, cost-effective, fast and user-friendly. With new players building their infrastructure, tokenization is already a present reality. Mass adoption can be a matter of just a few years. Those who start early on and adapt to this new reality can derive great and lasting benefits from tokenization.

…The raging river, pulled them down.
Now they’ll always, be together,
In that Happy Hunting Ground…
- Running Bear by Sonny James
“Snakeyes! New roller, please, next up.” The game runner raked in the dice and chips and ignored the despair in the countenance of the most recent “high roller”. Ted shook his head and other people crowded him away from the dice pit. He was almost out of funds and it was still early. He’d budgeted his, “loss level” carefully to maximize his time at the reservation casino. It was an older one, filled with stereotypical paintings and statues intended to honor the local First Nations Tribes while fulfilling the expectations of rude tourists. He looked around forlornly for a new game to play. He didn’t care for the slots or the drawn-out and ever-shifting card games… ah, Blackjack! There was an opening at the table.
He rushed over before anyone else could snag it and bustled onto the chair. “Okay to deal me in on the next hand?” He interrupted the dealer, who ignored him until he was done dealing out the rest of the players and raking in the chips. He still did not speak but once Ted placed the minimum bet, he flipped a card down in front of him and the game began. Ted immediately started winning the straightforward game. He picked up most of his losses from his unfortunate run at craps and was finally enjoying himself. The couple at the far end of the table had apparently had enough and didn’t care for the new player. Ted liked to talk to new people and thought he was good at it. Before long, the other players had left and it was down to him, the dealer, and an older man, who wore a black cowboy style hat and chain-smoked thin cigarillos.
Ted, grinning heartily at his latest win, glanced over at the man, who had just fired up his next cancer-stick, “You know casinos, and a few bars are the last public places where anyone smokes. I remember when there were smoking sections at most places and my parents told me that there used to be no restrictions. I’ll bet you get plenty of pressure to stop from your family and friends. It’s a pretty bad habit for your long-term health…” Ted usually rambled on past any non-verbal cues that people might give him to stop talking, yet his diatribe came to a screeching halt at the look with which the stern-faced elder favored him.
The older man drew in a long pull on the firestick and then exhaled the stinking cloud into Ted’s face. He coughed a little and gagged at the odor of the raw blend of tobacco and chemicals. The old one removed the cigarillo from his mouth and tapped ashes onto the edge of the table and down onto the floor at his toes, “Sonny, nobody cares. Nobody wants your opinion, and you are not special, no matter what your mommy told you. I’ll do as I please and if you don’t like it, go bother people at another table.”
Ted gaped in shock. In his mind, the man’s words verged on an “assault”. He looked helplessly at the dealer, who just ducked his head and tried not to laugh. Indignant, he rose, took his pile of chips and fled into the depths of the gaming house in search of a friendlier table. He didn’t find one that he liked, so he finally gave up and sat at the bar. The bartender seemed to ignore him in favor of tidying up her workspace. He cleared his throat and received only a glance. He mumbled as much to himself as to her, “I just want a drink while I wait for a table to open.” He wondered at her stony silence, maybe she resents me for being…
His vocal ruminations were interrupted by a feminine voice, “What do you want?”
Ted looked up to see the bartender, mocking smile in place below shining, mesmerizing eyes. Ted simply gaped and eventually worked his jaw uselessly. The bartender shrugged and walked back to the other end of the bar. She spoke with a large man who was clearly part of the security team. He glared at Ted while she spoke. Ted wanted to avoid a confrontation. He’d been conditioned that he should seek authorities if such a situation loomed. Yet casino security was the only available authority here locally. There were Tribal Police on the Reservation, but he wasn’t sure they would want to listen to him. He finally shrugged and decided to go back over to the hotel for the rest of the night. This trip had been very unsatisfying… like all those he’d taken since he moved away from his parents’ home a few years previously.
There was an indoor walkway to the hotel, but Ted decided to go by the outdoor route to get some fresh air and enjoy the natural beauty that the builders had incorporated into the facility. As he walked dejectedly down the sidewalk, local flora pressing in from each side, he heard, from the nearby forest, a screeching wail. It startled him and he had to stop a moment to catch his breath and wait for his heart rate to slow to something more manageable. He realized that it must have been an owl or some other night bird. His father had told him that there were always weird noises “out in the sticks”.
As he plunged his hands into his pockets and determined to go to his room for rest, he caught the faint smell of burning tobacco on the breeze. It wafted over his shoulder from behind and caused him to emit a feeble cough. He looked back in annoyance. In the shadows behind him, he saw a figure. It was dark and stood still in a way that made him uncomfortable. An orange glowing circle of embers hovered around the face and rendered just enough light to illuminate the blue-grey curls of smoke as they exited the tiny conflagration and rose above the brim of a black hat. The ember flared for a moment and then flashed to the ground and was snuffed by a shadowed… foot? It wasn’t exactly clear to Ted; the figure’s lower extremities were... blurred. An even brighter flare, from a lighter or match stabbed into Ted’s eyes as the Smoker lit his next cigarillo.
Ted glared irritation but felt uncomfortable at the unnatural stillness to which the figure returned once the new fire was lit. He coughed once more, this time deliberately in a passive-aggressive attempt to communicate his displeasure and resumed his walk. He strained to listen behind him to determine whether the figure followed. He truly wished to get away from the stink and the threat of cancer or other respiratory illnesses. He slowed to listen, then gave up and looked over his shoulder again. There was no figure in the dark back near the exit to the casino. He turned to resume his walk, but a smoky black form now loomed before him! Its eyes glowed and smoked like large twin cigars as it gaped a maw that emitted pure black smoke and glowed with blue flames within the deep tunnel of the throat. Ted’s consciousness fled his body and found itself in a burning nightmare landscape that extended for as far as he could perceive in all directions.
**** * ****
Darnell, known to his public as “Murder Bush” a deliberate mistranslation of “merde bouche” a.k.a. “Deadly Rapper” for having been a suspect in a shooting back in his youth, stepped up to the dice pit as the geeky dude left. He had plenty of chips and cash to back them. His entourage was there to support him and kiss his backside as often as he wished. He rolled through six passes before he crapped out. He hadn’t over-bet, so he’d won a small amount. He picked up his latest winning chips and handed them to the hostess who had kept him well plied with drinks and snacks. He was sure that for the right price, she would take care of his other needs. He played a few card tables and finished with Roulette.
Each time he won a few chips, he passed them on to the young woman or to one of his flunkies. In the end, they had all received at least some reward for the praises they’d heaped upon him; not for any real accomplishments, but rather to curry favor with the man whom they considered to be wealthy and important: a celebrity. The girl stayed at his side and except for when he asked her questions, she said nothing. He liked that: bitch know her place, he reveled in internal satisfaction. He liked her looks too. She was medium height and a little, “thick”. She was clearly interested but hadn’t gotten in his way when he flirted with other women. He truly liked this one. The more he considered her, the more he wanted to get down to business.
Eventually, he posed the question to her, “How much for the next few hours?” His brazen suggestion that she would take money for sexual favors was the final test. If she grew angry, then she didn’t appreciate his genius…
“Whatever you think is fair. How about we see if I can satisfy you? If I can, then you may want to be generous… as you have been so far.” She hefted the chips so that the pieces clinked in her palm. “If not, I don’t deserve a reward.”
She had passed with flying colors. Might even take this one back to civilization with me, he purred in his mind. He’d always thought of himself as a Big Cat… maybe a leopard or jaguar, definitely something dangerous and sleek. His need grew more intense by the moment. He desperately wanted this woman. “Come on, let’s go to my room.” He husked in a voice grown thick with desire.
They reached his suite, his groupies having been dismissed to their own nefarious pursuits, even his bodyguard. The big man had shrugged, “Your call boss-man.” and then stumped across the hallway to his own room. Now he was finally alone with… her. He stripped off his shirt and flipped his shoes into a corner. She stood by the window and watched. The drinks he’d consumed finally caught up with him before he’d shucked his pants and drawers, “Hold on, I’ll be right back.” He was excited, which made urinating a challenge, but it had to be done, so that he could maximize his pleasure. When he stepped from the restroom, au natural, he saw that his latest conquest had done the same and now stood, bare to the world and staring out the window, all the curtains on it pushed to one side, so that the night loomed and the light of a single small desk lamp lit the room. He stalked over to her, ready to take her right there at the window in full view of anyone who looked up from the outside. He secretly hoped for an audience. He enjoyed having others watch him take what he wanted.
She turned to face him, her head lowered… no, it had sunken into her body, only her hair remained above her shoulders! A… mouth, gaping and slavering opened on her stomach, a mouth too large for her body and rimmed with rows of teeth like sharpened spikes. She stepped forward to embrace him and the screaming began… sounds that he was accustomed to eliciting from others rather than emitting from his own person.
**** * ****
“Rhino” was unhappy. He didn’t like to leave Darnell unattended. Perhaps now that his boss was in the room, he could go stand guard outside the door. He took care of some personal ablutions as he wolfed down a couple of energy bars and then walked out into the hallway. He started to settle in front of Darnell’s door, when he heard a muffled scream and faint… slobbering-gobbling noises come from the other side. He quickly tried the door, initially too panicked to think of the extra key card with which Darnell had entrusted him. He fumbled for it and soon had the door open. The interior was completely dark. The light from the hallway spilled inward but didn’t seem to reach as far into the room as it should.
He drew his pistol from the holster on his waistband and began to stalk forward, “Boss, you okay? You hurt?” The room was as silent as a tomb, he shivered a little as that thought crossed his mind. Over by the closed drapes, he smelled something awful: fresh blood and spilled entrails… recent death. His feet squelched on wet carpet. He turned around quickly. There had been no noise, but he’d felt a… presence. There she stood, arms spread wide, mouth on her gut spread wider. Rhino wasn’t one to scream or yell, even in extremis, so no others would come to this room to investigate.
**** * ****
Shelly was glad when the rowdy group left the roulette wheel that sat behind her favorite row of slots. The former “one-armed bandits”, that were now, “multiple button digital bandits” lined every available wall space, and in some spaces stood in rows that drew regulars like a dung-heap draws flies. She’d grabbed her favorite machine early in the evening and sat sliding in dollar bills and working up her points. It was called “Buffalo Dance” and featured images of American Bison and feather-bedecked hunters. The theme on the screen matched and she hoped to one day see the “White Buffalo” image adorn the entire set of images… the grand prize view. Despite the fun graphics, it was her favorite because it was near a restroom and a free soda and snack bar. She found herself ahead and on a roll. She absently lipped her dangling cigarette back into her mouth for a long draw. The smoke obscured the screen for a moment, and then she noted a shadow that lengthened across the reflective surface. Someone stood close behind her. Someone who exuded a chilly air. She paused and looked around, “Can I help you?”
There was no answer, though the shadow shifted slightly as if its caster had heard her.
Now she grew annoyed, this is just the sort of thing to break my winning streak! she raged internally. She braced her hands against the machine and worked her buttocks to make the stool on which she perched spin, so she could confront her harasser. She gaped, and nearly lost her cigarette, there was no one standing near enough to cast the shadow. No one even faced her. She chalked it up to excitement, maybe someone stepped too close when passing to go to the restroom, she thought, still a little annoyed and... chilled.
She turned back to her game and continued working the buttons, pumping in bills, and winning, a little at a time, the points now built well above her investment. This weekend is gonna pay for the last two months of losing and breaking even, she thought triumphantly. The shadow loomed across the screen once more, this time even larger, as though the figure that cast it stood closer. The shape was amorphous but hinted at anthropomorphic. She shivered as an icy breeze flowed around her, as though the air conditioning had sent out a short, cold burst, a minor malfunction…
She turned around with more alacrity and determination than the last time, mouth agape, cigarette once more dangling… precipitously and endangering the cleavage she displayed, already baked and wrinkled from years of sunbathing. The frigid air passed, and no one stood anywhere near her, though a customer approached, headed for either snacks or relief. “Excuse me sir, did you just see someone, maybe a large man, standing behind me?”
The man paused and looked at her in confusion. He had clearly been absorbed in his own thoughts, “Er, what? Uh, No. I wasn’t really paying attention, but… no.” He bustled on toward the free fountain drinks machine.
Shelly shrugged, can’t give up now, the pot is even bigger. She checked her points; she was nearing her all-time high. The winnings would pay her space rental fee at the RV park for the entire month. She pressed and played the buttons more fervently than ever, determined to break the bank on straight points or to reach that magical spin that would offer an instant reward of $10,000.00. She set her new points record and reveled for a moment. She reached for the now small stack of dollar bills the rest having been devoured by the machine. She fed in the entire remaining amount, then once more gazed at the screen. It was entirely blackened by a looming shadow.
The temperature of the air around her plummeted and she shuddered with the sudden biting cold. The cigarette was long extinguished, and she’d let the cold fag fall into the ash tray built onto the side of the machine opposite the drink holder. She was so cold, and she wanted to cry out for help, but the darkness closed in around her as the shadow enveloped her and cut off her breathing. Her fingers, paused above the “spin” button, struck and as her consciousness faded, she saw the flashing blue light and heard the blare of the winner’s siren. White Buffalo images filled all nine spaces. I won! The grand prize!
**** * ****
Terry filled his large cup and stood sipping and daydreaming. He’d lost everything he’d budgeted to lose. Yet he knew that one more try would put him back in black for this trip. He mused about what he would do with the prize money. He’d set his limit at $300.00 and had quickly lost it all on slots. Maybe he could risk just a few more dollars… skip a lunch or two until his next paycheck if it didn’t work. He was startled by the jackpot winner’s flashing light and siren that went off just behind him. That bitch! He yelled internally. Figures some old used up skank would win the big prize. He looked over at the nearby machine with anger and envy vying for control of his senses. She was gone!
He stepped over to the machine and looked around in confusion. Maybe she’d gone to the restroom? No, she’d have passed right by me. He shook his head and stepped up to look at the screen. He could still feel the recent presence of a player, the trace of warmth from a human body that might linger in a space for just a moment after the human had vacated the space. He looked around the casino floor, she was nowhere in sight. She’d been wearing a low-cut silver-spangled top that was cut way too low for her sagging, sun-ravaged bosom. She should be easy to spy, she looked like a deflated disco ball that had fallen from the ceiling to play slots. The only thing that came his way was a train of employees, led by a waitress in a skimpy outfit with purple sparkles and carrying a tray with a glass and a dark bottle. She was followed by other employees, who’d formed a sort of conga line: they sang a congratulatory chorus as they approached.
Terry gaped for a moment when he realized that they thought he was the big winner. He’d have to deny it of course. Surely the woman would be back at any moment to claim her prize. The floor cameras would have recorded who had sat at the machine, but it was too late. The group of enthused employees encircled him, and the attractive young waitress poured him a glass of champagne and snuggled up to him. The manager approached and seized his hand for a vigorous shake, “Well done sir! I see that not only have you hit the jackpot, but you’ve raised an additional $3,000.00 in points. A fabulous prize and well played I’m sure.”
Terry was flabbergasted. He’d never won anything like this… I still haven’t, not really, he reminded himself. He rarely broke even on his gambling forays, whether to the casino, or the corner store for lottery tickets and video slots. He allowed himself to be swept into the reverie and led from the machine to the bar. The employees peeled away as they approached, and he soon found himself with only the bottle and a receipt that he could cash out before he left the premises. A sullen-looking woman stood behind the bar, wiping glasses and a large, mean-looking security staffer menaced the far end. He already had his bottle, so he wasn’t sure why the staff members had deposited him with these two killjoys. He shrugged, picked up the champagne and started to walk away from the bar.
“You can’t take that with you. Either drink it here or give it to me and I’ll put it in the trash.” The bartender stated in monotone.
The security officer stood up straight from where he’d been leaning against the far wall, apparently propping up the building. He folded his massive arms in a threatening manner. Silly, thought Terry, folded arms should be a hindrance, but I get the feeling he’s dangerous regardless. He figured that he’d had enough anyway and set the nearly empty bottle on the bar, “You can keep it ma’am. I can afford another at the hotel.” Terry started to walk away from the bar, but a huge ham-like hand seized his shoulder.
Sausage-sized fingers applied painful pressure, “You apologize to the lady.” The wet heat from a mouth placed uncomfortably close to his ear and beath smelling of river bottom, sent a shiver of disgust through his body. The voice was low and deep as the river that ran past the back side of the property.
Terry decided on the better part of valor and head facing forward to avoid the obscene orifice, “Sorry ma’am, I meant no offense.”
The fingers let go and a harsh laugh sounded from behind the bar. “He don’t even know why he’s apologizing, fool. He ain’t worth the trouble, let him go.”
Terry felt a slight shove and he was sent on his way to the cash-out window. There he met with the lead cashier, an older woman in drab clothing, “I’m sorry sir, we give out only these pre-paid cards, we cannot provide cash over $1,000.00. However, you can treat them like a debit or credit card.” the cashier informed him. It seemed he had no choice, so he accepted. Thirteen grand is thirteen grand, he assured himself. He was elated, though he continued to glance around nervously, waiting for the woman in the sparkly fish-scale top to accost him and name him thief. Yet she was nowhere to be seen. The floor was full of players, some laughing, some intense, some dejected or mesmerized by the games of chance in which they’d lost themselves.
He thought about what to do with the rest of his evening. He didn’t have a hotel room; he’d planned to sleep in his station wagon as he always did before the long haul home. Perhaps he should get a room? Maybe they would take him without a reservation… he giggled a little at the unintended pun: a reservation at the Reservation… he shook his head to clear his overreaction to the silly internal joke. He decided that maybe someone on staff could help him. He approached the major domo at the front entrance that led to the interior walkway and the hotel beyond, “Excuse me sir, do you know whether the hotel will accept a resident without a prior reservation?”
The man, single dark braid wrapped in a leather holder and draped over one shoulder, looked at him gravely, “Yes, I know.” He said nothing more and did not smile as though he’d intended to be humorous.
Terry tried again, “Will you tell me please?”
The man flicked his chin in the direction of the hotel, “See the clerk at the desk.”
“Jerk, you’d think I hadn’t pissed away enough cash in this place over the past few years,” Terry muttered as he stumped toward the hotel, ensuring that he was well beyond earshot before he spoke. His head had begun to buzz a little from the champagne. Took a while for it to affect me, he mused. The hallway appeared to narrow, and his peripheral vision grew grey. He felt dizzy and as he entered the main lobby, the large room began to spin. His last view was of the sky-blue ceiling decorated with a few puffy clouds as it faded into darkness like the sun had set.
He awakened to the sounds of voices chattering happily. He looked around, his vision blurred slightly and his head feeling heavy and sore. He soon found that he could not move his arms or legs… they were bound… he was strapped to a table. He saw numerous bodies moving about in the mostly dark space in which he found himself. “Please.” He croaked, throat dry and feeling scraped. “Please, help me, let me loose. Loose me…” his perceptions cleared slowly, and he saw that the bodies that moved around him, now chanting rhythmically rather than babble-chattering, were emaciated. The owners showed as much bone through their skin as would a dead thing, long decayed. He noted spikes above a few heads… no, antlers… The rest wore… masks? Of various beasts… no, the skulls of those creatures, still filled with glistening fangs. Their dance grew ever more frantic, more energetic than they should be capable of performing. Then one of them reached out with a stick, on the end of which was a small claw, taken and preserved from some dead animal. It used the claw to gouge out a scoop of flesh from Terry’s side. He screamed in torment and horror. His screams soon matched the rhythm of the chanting and they went on for a long time before they at last faded when he’d lost too much blood to remain conscious.
**** * ****

Bundles take priority. I'd love to get rid of this stuff.
New Stuff
Switch Lite - Gray. Comes with aftermarket charger & carrying case. No memory card or games. The right stick has a strange issue seen in the video here, I've ordered a new analog stick to replace it with but I believe this could be considered drift and Nintendo would replace it under warranty. Either way, happy to find a good solution. Edit I’ve replaced the right analog stick and it’s working like a charm now.
GameCube bundle - Of the few pickups I've been able to get in on during the last several months, this one is my favorite yet. Comes with a black GameCube with original box (the box is a little beat up), all OEM hookups, a black OEM controller, and the following games: Super Smash Bros. Melee (CIB), Mario Party 4 (CIB), Mario Kart Double Dash (disc & case - the case is the bonus disc holder but doesn't actually include the disc or any manuals/inserts), Timesplitters 2 (CIB), Avatar (CIB), Star Wars Rogue Leader: Rogue Squadron (CIB), Hunter: The Reckoning (loose) and The Legend of Zelda: Twilight Princess (CIB, however the disc isn't reading in this console. I'm going to try a couple other ones and see if I can bring it back to life. It looks like it's in perfect shape, so I have no idea what the problem could be). Edit Twilight Princess worked in both Wii’s I tried it in as well as 3/4 of my personal gamecube consoles. While it seems like there’s an issue that makes it takes a stronger laser to read it, it works as shown here.
I also have a loose Pokemon Emerald. It's authentic, I've soldered in a new battery as well. The label isn't great, though. Pics here
I picked up a red GBA SP - AGS-001. Works just fine, scratched up a bit on the outside shell, comes with aftermarket wall charger. Also came with a bunch of loose GBA games: Zelda: A Link to the Past/4 Swords Adventures; Namco Museum; Pokemon Mystery Dungeon: Red Rescue Team; Kingdom Hearts: Chain of Memories; Spyro Orange: The Cortex Conspiracy; Sonic Advance 3; Star Wars Episode 3: Revenge of the Sith. Same pickup I got a crimson & black DS Lite that needs a new inner top housing to keep it from flapping about. Still works great, but that's the common fatal problem with these consoles. I've ordered a new shell for it and am planning to re-house it, but if you're interested as-is, just let me know.
Nintendo Collectibles

Title	Condition	Notes
Paper Mario: The Origami King Origami Set	Sealed	They are these ones
Super Mario 3D All-Stars Poster Set	New	They are these ones
Super Mario Bros. 35th Anniversary Pin Set #1	Sealed	They are these ones
Super Mario Zipper Case	New	It's this one

Nintendo Switch

Title	Condition	Notes
Console Switch Lite	Used	Gray console, very nice shape. Includes aftermarket charging brick and carrying case, as well as a spare screen protector. No memory card or games included. The right stick has a strange issue seen in the video here, I've ordered a new analog stick to replace it with but I believe this could be considered drift and Nintendo would replace it under warranty. Either way, happy to find a good solution. Edit I’ve replaced the right analog stick and it’s working like a charm now.
Atelier Ryza: Ever Darkness & The Secret Hideout	Sealed	Picked up an extra copy to keep sealed during the recent restocks. Figure if someone else will open & play it, might be a good token to trade.
Ys VIII	Cart & Case Only	Adventurer's Edition, however it doesn't have any of the inserts. Just the case and the cartridge.

Nintendo Wii/U

Title	Condition	Notes
Console WiiU	Used	Black 32GB console. Very nice shape. Includes the OEM power supply & sensor bar, gamepad (in excellent condition -- no stylus or original charging brick, but it will come with a USB-to-gamepad cable. It doesn't work nearly as well at charging the gamepad, I'd recommend picking up an OEM charging brick/cradle if you don't already have one).
Console Wii RVL-101	Used	Black console. Later model that doesn't have GC controller ports or back compatibility. Comes with all OEM hookups. Tested & works great. I'm happy to softmod it too, if you'd like.
WiiMote	Accessory	3 OEM Wiimotes - 2 white (one original, one with Motion+ built in), and one black (has Motion+ built in). The two white Wiimotes have wrist straps, and each seems to have at least some minor little puppy bite marks (?). One of the white ones has a silicone sleeve, and the non-M+ one has a black silicone sleeve with the M+ adapter. They're all tested and work great.
Birthday Party Bash	Loose	Tested, reads at least past the title screen. Can't say I've done any more birthday party bashing after that.
Just Dance 3 (Wii)	CIB	Nice shape
Just Dance 4	CIB	Nice shape
Just Dance 2016	CIB	Nice shape

Nintendo (3)DS

Title	Condition	Notes
Console Black DS Lite	Used	Nice overall condition, bottom screen has some scratches that I've tried to capture in the pictures. Comes with OEM charger. Pics
Console Black DS Lite	Used	Excellent overall condition. Tested & working. Doesn't have the GBA slot cover, but does include a stylus and aftermarket charger. Pending swap
Console Zelda Edition DS Lite	Refurbished	Nice overall condition, the top hinge was cracked so I had to replace the top housing, but everything else is original. I'll include the original top housing if you want it, too. Pics
Console Parts DS Lite	FPNW	This is a bag of leftovers from a couple of housing swaps. Bad top casings, cracked top LCD, broken power slider. Surprisingly, the other things all work great on one of them. Lots of decent parts to harvest. Battery, cartridge reader, metal hinge, bottom housing, bottom screen, etc. Pics. I also have the housing and buttons leftover from the other one I shell-swapped, it's black & blue. Ok condition overall.
Console Black DSi	Used	Nice condition, has CFW installed.
Action Replay Max DS	Loose	No cable included
ATV: Thunder Ridge Riders/Monster Trucks Mayhem	CIB	Dual-pack
Goosebumps: Horrorland	CIB	Nice condition
Mario & Sonic at the Olympic Games	Loose	Tested & working
New Super Mario Bros	CIB	Nice condition Pics
Nintendogs: Best Friends	Loose	Tested & working
Orcs & Elves	CIB	Nice condition Pending swap
Scribblenauts	Loose	Tested & working
Spyro: The Eternal Night	Loose	Tested & working
Transformers: Autobots	Loose	Tested & working
Warioware D.I.Y.	Loose	Tested & working
Yoshi's Island DS	Loose	Poor condition but tested & working. Looks like a dog got to it at some point.

Nintendo Gamecube

Title	Condition	Notes
Console Black DOL-001	Used	A little bit dirty but I'll see if I can clean it up some. It's the early model with the digital AV out. Tested & works great. Comes with OEM hookups & a black OEM controller. Also has the original box with precautions booklet, although the box is a bit beat up.
Accessory Action Replay	Loose	No disc or cable
Avatar: The Last Airbender	CIB	Nice condition, tested & working
Extreme-G 3	CIB	Nice condition Pics
Hunter: The Reckoning	Loose	Tested & working
Legend of Zelda, The: Twilight Princess (FPNW)	CIB	The disc isn't reading in the console I just picked up. I'm going to try a couple other ones and see if I can bring it back to life. It looks like it's in perfect shape, so I have no idea what the problem could be Edit it works in the 2 Wii’s I tried it in as well as 3/4 of my personal gamecube consoles. It seems like it has an issue that makes it need a stronger laser to read, but it’s not a lost cause.
Mario Kart Double Dash	Case & disc only	Tested & working, the case is the bonus disc holder but doesn't actually include the disc or any manuals/inserts. Sold elsewhere
Mario Party 4	CIB	Great shape, tested & working
Super Smash Bros. Melee	CIB	Tested & works great. Original case art, not best seller or other variant. Pending swap
Star Wars Rogue Leader: Rogue Squadron	CIB	Tested & working, nice shape.
Timesplitters 2	CIB	Tested & working
Ty the Tasmanian Tiger	Case & disc only	Tested & working Pics Pending swap

Nintendo 64

Title	Condition	Notes
Legend of Zelda: Majora's Mask	Loose	Case-swapped with a gray cartridge, the other was completely busted. I'll include it if you want it. Original label has been glued on to this one. Pics for reference are toward the end of this album. Pending swap

SNES

Title	Condition	Notes
Mario All Stars + Super Mario World	Loose	Top of label has a couple of peeled off parts, like someone took a fingernail to it at some point. Pics
Super Mario World	Loose	Tested & working

Game Boy

Title	Condition	Notes
Console GBA SP AGS-001	Loose	Red, tested & works great. Includes aftermarket charger.
Castlevania Adventure, The	Loose	Some tearing on the label. I can get pictures if needed. Tested & working.
Finding Nemo	Loose	Tested & working
Kingdom Hearts: Chain of Memories	Loose	Tested & working
Legend of Zelda, The: A Link to the Past/4 Swords Adventures	Loose	Tested & working
Namco Museum	Loose	Tested & working
Pac Man Special Color Edition	Includes cart, box, manual, and cardboard tray	Great shape (Game Boy Color)
Pokémon Emerald	CIB	Hard trade. Includes poster. Only looking to swap this toward similarly valued items. Pics here
Pokémon Emerald	Loose	Soldered in a new battery so the clock-based events will work. Label isn't great, but is at least still intact. Pics here
Pokémon Mystery Dungeon: Red Rescue Team	Loose	Tested & working
Pokémon Pinball	Loose	Missing battery cover
Pokemon Red	Loose	Good condition with some label wear. Battery holds a save.
Power Rangers: Dino Thunder	Loose	Tested & working
Power Rangers: Wild Force	Loose	Tested & working
Sonic Advance 3	Loose	Tested & working
Spyro Orange: The Cortex Conspiracy	Loose	Tested & working
Star Wars Episode 3: Revenge of the Sith	Loose	Tested & working
Super Mario Advance 2: Super Mario World	Loose	Tested & working
Super Mario Land	Loose	No label.
Teenage Mutant Ninja Turtles III: Radical Rescue	Loose	Nice shape. Tested & working.
Tetris	Loose	Nice shape. Tested & working.
Tom & Jerry: The Magic Ring	Loose	Tested & working
Tony Hawk: Pro Skater 2	Loose	Tested & working
Game Boy Carrying Cases	Accessory	I have a bunch of these. If you're interested, I can grab pics.

NES

Title	Condition	Notes
Bandai Golf: Challenge Pebble Beach	Loose	Tested & working
Big Bird's Hide & Speak	Loose	Tested & working
CONFLICT	Loose	Tested & working
Demon Sword	Loose	Tested & working
Fester's Quest	Loose	Tested & working
Ikari Warriors	Loose	Tested & working
Kid Kool	Loose	Tested & working
NARC	Loose	Tested & working
NES Play Action Football	Loose	Tested & working
Teenage Mutant Ninja Turtles 2: The Arcade Game	Loose	Tested & working
Top Gun: Second Mission	Loose	Tested & working
WCW Wrestling	Loose	Tested & working

PlayStation PS4, PS3

Title	Condition	Notes
2 DualShock 3 controllers – Black and camo – PS3	Accessory	Both OEM, both work great.
Killzone 3 Rifle Peripheral - PS3/4	Accessory	Tested & working
PS Move Eye Camera - PS3	Accessory	Tested & working
PS Move Controller - PS3/4	Accessory	I have 1 of these available, no strap.
Just Dance 3 – PS3	CIB	Tested & working
MLB The Show '16 – PS3	CIB	Tested & working
Resident Evil 2 – PS4	NIB	New in plastic
Rocksmith (no guitar included) – PS3	CIB	Tested & working
The Outer Worlds – PS4	NIB	New in plastic
Tiger Woods PGA Tour '12 – PS3	CIB	Tested & working
Uncharted - Drake's Fortune – PS3	CIB	Tested & working
Uncharted 2 – PS3	CIB	Tested & working
Uncharted 3 – PS3	CIB	Tested & working

Playstation Portable, Vita

Title	Condition	Notes
Console PSP 3000	Used	Tested & working. Now it has a new battery as well as battery cover on the back. It also includes a Sony M2 Duo adapter, and a 4GB M2 card. The screen has some scuffs on the left side, not visible while playing but they're definitely there. Also includes an aftermarket charger.
3rd Birthday, The - PSP	CIB	Tested & working, very nice condition. Pending swap
Blazing Souls – PSP	Loose	Tested & working
Coded Arms – PSP	CIB	Nice condition
Darkstalkers Chronicle – PSP	Loose	Tested & working
Disgaea Infinite – PSP	Loose	Tested & working
God of War: Chains of Olympus – PSP	Loose	Tested & working
God of War: Ghost of Sparta - PSP	CIB	Tested & working, very nice condition.
Hard Rock Casino – PSP	CIB	Nice condition
Kingdom Hearts: Birth By Sleep - PSP	CIB	Tested & working, very nice condition.
Madden '06 – PSP	Loose	Tested & working
Marvel Ultimate Alliance 2 – PSP	CIB	Tested & working
Midnight Club 3 – PSP	CIB	Nice condition
Little Big Planet - PSP	CIB	Tested & working, very nice condition.
Lord of Arcana - PSP	UMD & Case only	Tested & working, very nice condition.
Spectral Souls – PSP	Loose	Tested & working
Star Wars Battlefront 2 - PSP	CIB	Tested & working, very nice condition.
Valkyria Chronicles 2 - PSP	CIB	Tested & working, very nice condition. Pending swap
Wild Arms XF – PSP	Loose	Tested & working
Worms: Open Warfare – PSP	CIB	Nice condition
Persona 4 Golden - Vita	Loose	Tested & working

SEGA Dreamcast

Title	Condition	Notes
OEM White controller	Accessory	Tested & working
Intec Purple Controller	Accessory	Tested, works fine
Buzz Lightyear: Star Command	Disc only	Tested & working
Centipede	Disc only	Tested & working
Chicken Run	CIB	Great shape
Dave Mirra's Freestyle BMX	CIB	Great shape
Disney's Dinosaur	CIB	Cracked case edge
Jeremy McGrath Supercross	Disc only	Tested & working
NFL Blitz 2001	CIB	Great shape
Quake III Arena	CIB	Great shape
Resident Evil: CODE Veronica	Discs & aftermarket cases	Tested & working
San Francisco Rush	CIB	Great shape
Sega Bass Fishing	CIB	Great shape (Sega All-Stars)
Sega Smash Pack: Volume 1	Disc & case, cracked front lid	Tested & working
Sno-Cross Championship Racing	CIB	Great shape
Super Runabout: SF Edition	CIB	Great shape
Tomb Raider Chronicles	CIB	Great shape
Vigilante 8: Second Offense	CIB	Great shape
Virtua Fighter 3tb	Disc & aftermarket case only	Tested & working
WWE Royal Rumble	CIB	Great shape

Xbox One, 360, OG

Title	Condition	Price
OEM Wireless Controllers - 360	Accessory	I have 4 spares, 3 black and 1 white, as well as a couple of charging cradles & rechargeable battery packs. Missing the actual battery covers, though.
Rock Candy Wired Controller - 360	Accessory	Comes with the USB breakaway cable but it's kind of janky.
Microsoft Kinect - XBO	Accessory	Model 1520 for Xbox One
Speed Wheel - 360	Accessory	Tested & working.
Gibson Xplorer - 360	Accessory	Tested & working. Comes with stickers pre-installed and a shoulder strap.
Batman: Arkham Asylum (Game of the Year Edition) - 360	CIB	Tested & working
Batman: Arkham City (Game of the Year Edition, 2 disc setup) - 360	Disc 1 only	Tested & working
Burnout 3: Takedown - 360	CIB	Tested & working
Call of Duty 3 - 360	CIB	Tested & working
Chromehounds - 360	CIB	Tested & working
Disney Pixar Cars - 360	CIB	Tested & working
Elder Scrolls, The: Skyrim - 360	Disc only	Tested & working
Elder Scrolls, The: Oblivion (Game of the Year Edition, 2 disc setup) - 360	Disc 1 only	Tested & working
Fallout 3 (Game of the Year Edition) - 360	CIB	Tested & working
Gears of War - 360	CIB	Tested & working
Gears of War 3 - 360	CIB	Tested & working
LEGO Batman/Pure Dual Pack - 360	CIB	Tested & working
LEGO Batman (same dual pack as above, but doesn't include Pure) - 360	CIB	Tested & working
Lost Planet: Extreme Condition - 360	CIB	Tested & working
Madden 09 - OG	CIB	Tested & working
Madden 11 - 360	CIB	Tested & working
Marvel Ultimate Alliance - 360	CIB	Tested & working
Minecraft - 360	Disc only	Tested & working
MotoGP - 360	CIB	Tested & working
Naruto Shippuden Ultimate Ninja Storm 3 - 360	CIB	Tested & working
NBA Live 2005 - OG	CIB	Tested & working
NBA Live 06 - 360	CIB	Tested & working
NCAA Football 09 - 360	CIB	Tested & working
Skate 3 - 360	Disc Only	Tested & working
Splinter Cell: Blacklist - 360	CIB	Tested & working
Star Wars: The Force Unleashed - 360	CIB	Tested & working
Transformers: Dark of the Moon - 360	CIB	Tested & working
Triple Play 2002 - OG	CIB	Tested & working
Walking Dead, The: Survival Instinct - 360	Disc only	Tested & working
Zoo Tycoon - 360	CIB	Tested & working

WANT
Chrono Trigger (SNES) - I have my childhood cart already, but I'd be interesting in picking up the box & all the inserts if you have them
Pulse Headset (PS5)
Borderlands Legendary Collection (Switch)
Original hard case for PS Vita Slim - my kid broke the hinge on mine and the Amazon replacement is... not good.
Castlevania (GBA) - Looking for all 4 games: NES, Aria of Sorrow, Harmony of Dissonance, Circle of the Moon. Double pack would be great, too.
Mega Man Battle Network games: Network Transmission (NGC), MMBN 2 (GBA), Battle Chip Challenge (GBA), MMBN 4 : Blue Moon (GBA), MMBN 5: Team ProtoMan & Team Colonel(GBA) & Double Team DS (NDS), MMBN 6: Cybeast Gregar (GBA)
Dreamcast OEM Memory Card, Quality Games (Sonic Adventure 2, Skies of Arcadia, etc.)
Pokemon: SoulSilver (Bix box & cardboard tray only, already have the game & case. The Pokewalker & its' manual would be a plus, but not a requirement)
NES/SNES/N64/GameCube/Switch Offers Note: I currently have most first-party/major release Switch games. Feel free to still offer, though. No interest in Amiibo or Amiibo Cards.

Hello, you may know me from DD posts about IVZ and 3DP. I'm still heavily in these. But today I bring you SBW.
Ok for real, this might be the laziest DD you've read because it was copy pasted direct from hotcopper. But it will also be the best DD you've read (no offence to u/bigjimbeef recent DD on this but he's always drunk and while his DD did get me interested in this, I think maybe some people didn't take his post seriously because the post read like he had a beer in one hand and his dick in the other).
But I've been thinking lately... wouldn't it be nice if I could, for once, jump on a stock, before it rockets? Like... Every stock I've been in so far has holders who are already 10 bagging. How do they find these stocks and how can I become one of them?
Well, here is your chance. Full disclosure, I'm in at 26.5c, closing price today is 24.5c. It IPOd at 35c so we are still at bargain prices. No rocket yet. If you can think of a reason not to buy, please say so, before I take a larger position tmw morning, as I am trying to keep myself from getting overly keen on yet another stock but so far I can't find a good reason to put money anywhere else.
Copy pasta below:
I thought it was about time that I made the “Ultimate Guide to SBW” and consolidated months of research and analysis into one comprehensive post. Then we can add bits to it from there as more positive news develops.
Let us start with capital structure.
Capital Structure and Why This Is Important!
There are currently 139 million shares on issue, sitting at a price of 32 cents.
This gives a Market Capitalization of approximately ~45 million AUD.
Keep this in mind when we discuss partners and peers later - it’s arguably a more important metric than share price.
The Top 20 shareholders of SBW (which includes key management as the Top 2 holders) have about 90% of the stock on issue. The interests of management are well-aligned with shareholders.
What does this mean in plain English? It means management are extremely incentivized to perform, and are not just idly sitting by collecting an easy paycheck like so many other ASX companies. They have as much at stake as you do! Probably more.
The Core Business
The core business is a profitable operation which has been selling weighing systems to both retail and healthcare sectors – with reliable recurring revenue from customers including, but not limited to, household names like Toshiba and Fujitsu.
SBW have a combination of weighing + artificial intelligence + advanced mathematics which cannot be easily duplicated. The company was first founded in 1971 and was one of the first to shift from mechanical to digital weighing and ultra-thin IoT load sensors.
If you are interested in reading up on some of their patents, please see this link:
https://patents.justia.com/search?q=Shekel scales
I found 11 separate patents here, which are probably not an exhaustive list, but ranging from weighing vehicles in motion, to load cell devices (this is the flagship technology), point of sale apparatus and infant weight systems (for their medical customers)
SBW's three main technology pillars, including patented ultra-thin high precision load sensors, can distinguish between Coke, Fanta & Pepsi - even if they are all in 1.5 litre bottles!
The Hitachi Project (Hitachi’s Market Cap = roughly ~33 billion USD at time of writing, SBW = ~45 million AUD)
http://hlds.co.jp/product-eng/1079
[Translated from Japanese] Hitachi-LG Data Storage. Inc. exhibited in “NRF 2020 Retail’s Big Show” which took place at Jacob K. Javits Convention Center in New York from 1/12-1/14/2020, where Unmanned Store solution using 3D LiDAR(TOF) was jointly exhibited with Hitachi America, Hitachi Vantara, and Shekel Brainweigh (Israel).
Some quotes I found from Hitachi themselves
“Micro-markets are the fastest growing segment of convenience shopping. We see them exploding in high traffic areas, such as workplaces, campuses, train stations and airports,” said Hideki Hayashi, Sales and Marketing Manager, Hitachi EU Ltd.
“Deploying the joint Shekel-Hitachi solution enables retailers and micro-market operators to provide the 24/7 frictionless shopping experience consumers demand without sacrificing accuracy, performance or profitability.”
“As the manager responsible for LiDAR products in EMEA markets, I consider the R&D and commercial collaboration with Shekel Brainweigh to be the perfect partnership as we both bring our respective capabilities to develop a seamless consumer shopping experience. We are extremely pleased to collaborate with Shekel Brainweigh, which we believe is the best digital weighing technology developer globally."
“The collaboration builds on our expertise in optical motion sensors, together with Shekel’s advanced Product Aware Technology, and further strengthens our commitment to overcome the challenges, and address the significant opportunities, in global retail store automation.”
https://www.youtube.com/watch?v=P-uxk2Ycoqw
The Open Retail Initiative
https://www.lfedge.org/2020/02/13/n...ensor-fusion-for-intelligent-loss-prevention/
For the one-year anniversary of ORI, six initiative members Edgify, Flooid, Shekel and LF Edge members HP, IOTech and Intel inspired by the initiative, worked together on a demo for the Intel booth that showcased the value of Real Time Sensor Fusion for a loss prevention use case at self-checkout. The retail environment has become incredibly complex. The latest technologies enable data-driven experiences and unlock business value like never before, yet there is still a lack of interoperability making it difficult for retailers to deploy integrated solutions with speed and ease. The demo illustrates how integration roadblocks can be a thing of the past.
The demo pulls together real time data through the EdgeX middleware from different common systems including POS real-time transaction log, CV-based object detection, scale solution, and RFID, and data fusion—all in a single pane of glass.
Here are some PowerPoint slides of IBM, Intel & Hewlett-Packard talking about the joint solution
https://wiki.edgexfoundry.org/downl...amp;modificationDate=1579904283000&api=v2
The Fast Track Project
https://www.edgify.ai/retail/
Reduce time at till and selection at self-checkout by up to 98%. Computer vision-based product recognition, that continuously learns directly on the till, so the accuracy of the detection always increases.
Friction-less stores are great in theory but extremely complicated to scale in practice. Our edge training solution makes autonomous stores scalable, by having all the AI train directly on the camera. No infrastructure costs and no added complications.
Reduce incorrect selections by up to 90%. Either intentional or unintentional, use computer vision that is trained directly on the SCO itself to reduce loss by more than half!
No barcodes, no packaging, no worries. Simple USB cameras can detect the produce at close to 100% accuracy. Use as a decision support for cashiers, or to avoid consumers having to go through long and confusing menus.
https://www.edgify.ai/wp-content/uploads/2019/08/Retail_Intro.pdf
https://twitter.com/Edgify_AI/status/1277859718413930505
https://twitter.com/Edgify_AI/status/1230534216133332997
Shekel’s Visual Recognition Platform embedded with Edgify’s machine-learning training framework is the world’s first cloudless software that automatically recognises products, including fresh produce, at a retail self-checkout.
This ~45 million AUD Market Cap company allows retailers to potentially bypass expensive cloud services from Microsoft, Google and Amazon.
Sending data to the cloud is a very costly process with the Google Cloud Platform charging 1,000 stores more than US$7.2 million in cloud computing power per annum.
https://www.youtube.com/watch?v=FrpZ56IdFtg
https://www.youtube.com/watch?v=lpqwqQ1tJ4A
You can see the Shekel system 35 seconds in.
Patnership with Madix (2nd Largest Retail Shelves Manufacturer in NA)
https://www.bloomberg.com/press-rel...ade-product-aware-cabinets-to-retail-industry
NEW YORK -- January 13, 2020
Madix Inc., the second largest retail shelves manufacturer in North America, and Shekel Brainweigh Ltd. (ASX: SBW), the leader in advanced weighing technology, today announced the availability of ready-made Product Aware shelves and solutions for the retail industry.
“By seamlessly integrating Product Aware shelves into our hardware, our customers are armed with accessible data giving them reliable inventory visibility and assisting them in addressing over-stock and out-of-stock problems, as well as better control over shrinkage” said Steve Kramer, VP Sales, Madix.
“For the retail industry, this is a defined competitive edge that promotes the opportunity to increase profitability.”
Conclusion
So, remember - the core scales business is what drives the revenue we see today, but the innovation division is where the real potential resides. That will take a few more months/years to play out. I think most people are buying for the fully autonomous frictionless retail technology which comes with a huge addressable market. That’s still being undervalued in my humble opinion.
Considering there are quite a few ASX-listed tech companies with no revenue and over 100 million market cap (some even @ 1 billion market cap right now…
I don’t see why SBW couldn’t move past ~45m market cap in the near future.
Now if you read all this - links included- I commend you for your diligence. It should be obvious now that the Capsule (in partnership with Hitachi) is the “crown jewel” or “holy grail” of retail disruption technology plays (look at the success of Amazon GO for example).
So you are probably thinking: "This sounds great @verce but it’s all just aspirational and hypothetical. When will it be put into operation?" Well I’m glad you asked. The answer might surprise you. And it may be sooner than you think.
The SBW Half Year Report from 31 August 2020 had a little snippet that I think a lot of people missed. Specifically, the following text:
“Flagship micro-market project Capsule is in an advanced stage of pilot in Europe, and expected to be open to the public for trial in the second half of 2020.”
Now you are probably wondering: "That’s great but what if it’s just some obscure insignificant corner store somewhere?" Again, the answer may surprise you, and requires a little digging.
Enter Groupe Casino. A historic player in French retailing since 1898, the Casino Group is one of the world leaders in food retailing with more than 12,200 stores worldwide, located in France, Latin America and the Indian Ocean and a turnover of 37.8 billion euro.
In their Annual Report this year, they mentioned an exciting new disruptive project they were working on with a relatively obscure company.
https://www.groupe-casino.fwp-content/uploads/2020/06/RapportActivite_Casino_2019_EN.pdf
And we have some commentary from SBW featured on Page 42-43 of their Annual Report plugging "the first fully autonomous store in Europe". I'll leave it to readers to determine the significance of being mentioned in the Annual Report of a leading mass-market retail group with billions of Euro in revenue.
The same group who claim to be the source of many innovations such as the first distributor's brand in 1901, the first self-service store in 1948 or even the display of a sell-by date on consumer products in 1959. They are always pushing the boundaries of innovation, and it's an exciting partner to have.
It’s also worth keeping in mind that issuing shares are not the only mechanism by which to raise money. And that a placement at a premium to a sophisticated cornerstone investor can yield great results. Kind of like what happened with 3DP and IHR.
If I was them, I’d be asking Hitachi to chip in.
SBW also have the luxury of generating enough revenue (we are talking USD millions) in 2H20 from the core scales division, that a capital raising may not actually be necessary at this point in time. So they can wait for a better outcome.
Source: “Post 30 June 2020, the business has seen a resurgence of orders for Shekel’s products, resulting in July 2020 sales exceeding July 2019 sales by approximately 18%.”
The final thing I would like to add (if you have in fact read my other two posts which are worth reading) is coming to an appropriate valuation. This is the tricky part, especially with microcap stocks which are valued on their future potential.
We do know that there are medium to high barriers to entry, and that SBW have accumulated a competitive edge with their technology iterated over several decades, with certain patents in place.
We also know that the opportunity is global in scope with a huge total addressable market (TAM) - and that traditional retail is ripe for disruption.
Remember when there were more human checkout lanes at supermarkets than self-checkout? Now it's the other way around. We are even starting to see self-checkout in Bunnings. The trend for autonomous and friction-less shopping - what some term "Grab & Go" - was inevitable. And coronavirus has only accelerated this trend.
https://www.ibtimes.com/5-tech-tren...-end-year-result-coronavirus-pandemic-3011819
5 Tech Trends Expected To Shape Retail Through The End Of The Year As Result Of The Coronavirus Pandemic
“Retailers and brands will need to collaborate more than ever with technology startups to futureproof their businesses and be better equipped to meet fast-changing consumer demand and behavior,” Coresight said.
Coresight reported the pandemic has piqued consumer interest in cashierless models.
Technology firm Shekel Brainweigh said 87% of respondents to its global consumer survey indicated they would choose stores with self-checkout over those with only cashier lines.
So if you ask me, when you consider all the different technology projects SBW are working on - most of which we now know are "close to commercialisation*" - is 45m AUD market cap really fair value for something that has the potential to roll out globally? I personally think it is still undervalued, but the market will eventually decide one way or the other.
Even at 70 cents per share, the implied market cap with only 139 million shares on issue is about ~97 million AUD. Which is still less than 100m. And still quite low when you compare SBW's proven technology and revenue to a lot of unproven technology companies with no real customers whatsoever. And extremely low when you compare SBW's market cap to their collaborative partner Hitachi (ranked 38th in the 2012 Fortune Global 500).
Even at 32 cents as it currently stands, we are still below the IPO price when SBW first listed at 35 cents per share. How does that make any sense?

Good morning everyone, get ahead of the week, follow your rules, let’s all make some money
Of note for Semiconductors (SOX), Japan is aiming to invite Taiwan Semiconductor Manufacturing (TSM) or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers.
Of note for Automakers (F, GM, FCAU, TSLA), Volkswagen (VOW3 GY) CEO Diess reportedly told the Executive Board that the Co. is expecting to return to pre-COVID sales/profit at the commencement of 2023.
This week’s Barron’s articles argues that chains like Dollar General (DG) and Dollar Tree (DLTR) are focused on value, and as a result, they are a growth story when other retailers are not, noting that when economic conditions become more difficult for consumers, the dollar stores get going. A separate article notes that SoftBank (SFTBY) considering an IPO of its Arm Holdings makes sense, and it’s an important signal for investors about the future of the chip business. Chipotle (CMG) should “crush its earnings” this week, and Barron’s notes one sell-side analyst stating investors should buy the August USD 1,150 call option to cover the July 22nd earnings report. On banks (XLF, BKX), It might be time to embrace the uncertainty around bank names and consider Wells Fargo (WFC), the worst-performing of the big banks this year, noting that Wells has something the other banks don’t have: problems to fix. Goldman Sachs (GS) is a rare big financial company with an improving business and earnings outlook, Barron’s said, and it has a stock that looks reasonably priced at little more than 10x forward earnings. Barron’s argues that while shares of index providers MSCI (MSCI) and S&P Global (SPGI) aren’t cheap, both stocks could keep rising as new products and services translate into higher sales and profits

DOW JONES

Boeing Company (BA) is running out of space to stash newly-built 787 Dreamliner’s, with dozens of the planes sitting on the company’s premises, sources said; one BA watcher puts the number at 50, more than double the number of jets typically awaiting customers along Boeing’s flight lines. Elsewhere, Boeing and Etihad broaden its sustainability alliance by testing innovations on ecoDemonstrator 787, which flies on sustainable fuel made from vegetable oil, and waste animal fat. Meanwhile, NASA administrators are very confident in the SLS flying during 2021.
Chevron Corp. (CVX) is to acquire Noble Energy (NBL) for USD 5bln in an all-stock transaction, or USD 10.38/shr, with a total enterprise value, including debt, of USD 13bln; the deal marks a 7% premium for Noble, which trades at 50% below its 52-week high.
Goldman Sachs Group (GS) Senior Executives flew into Malaysia for talks with the government on the recovery of 1MDB assets; Malaysian prosecutors have charged GS and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling USD 6.5 billion that the US bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Pfizer Inc. (PFE) and BioNTech (BNTX) signed an agreement with the UK to secure 90mln doses of two possible COVID-19 vaccines from the company and French Group Valneva. Note, the two Cos also announced early positive update from German Ph1/2 study; generated strong t-cell data; supports and expands upon early results from the corresponding US trial reported earlier in July.

NASDAQ 100

Amazon.com Inc. (AMZN) had its PT raised to a street high of USD 3800 at Goldman Sachs and Jefferies. Goldman Sachs maintains a conviction buy rating on the shares, rising the PT to the street high from USD 3,000. Analyst Heath Terry updated his estimates ahead of earnings to reflect the accelerating e-commerce growth. Revenue estimates are increased by 3% per year on average, while EBTIDA is left unchanged due to COVID expenditure and for an increase in infrastructure spending due to faster growth in retail and AWS.
Comcast Corp. (CMCSA) NBCUniversal is reportedly planning broad-based layoffs to offset losses from the pandemic.
eBay Inc. (EBAY) Classifieds business auction has been awarded to Norway’s Adevinta for close to USD 9bln, where eBay will keep a minority stake in the unit, according to a source. Earlier reports noted it would be USD 8bln or above. Elsewhere, eBay (EBAY) is to begin expanding its management of payments globally; expected to deliver USD 2bln in revenue and USD 500mln in operating income in 2022.
Facebook, Inc. (FB) has had its advertising expenditure by Disney (DIS) dramatically cut, according to sources. Disney was Facebook’s top US advertiser for the first six months of 2020, research firm Pathmatics estimates. Meanwhile, The FTC is considering taking sworn testimony from Facebook (FB) CEO and COO as part of its investigation into whether the social-media giant has violated US antitrust laws, sources said; top Facebook officials are preparing for potential depositions and some are worried about the possibility.
Tesla (TSLA) is being probed by South Korean Fair Trade Commission, who launched an internal review of its advertising that described its autopilot as self-driving technology, according to Korea Herald citing sources. Meanwhile, it has also pulled another “demand lever” for it Model Y and has begun offering a lease agreement to customers for the vehicle.

S & P 500

Celanese (CE) announced it has raised its share repurchase authorisation by USD 500mln to USD 1.563bln.
Delta Air Lines Inc. (DAL) told its pilots that furloughs could be avoided if they agree to a cut in guaranteed minimum pay, according to CNBC.
Ford Motor (F) and MobilEye have expanded its relationship to offer better camera-based collision avoidance in vehicles.
Halliburton Co. (HAL) Q2 20 (USD): Adj EPS 0.05 (exp. -0.12), Revenue 3.2bln (exp. 3.34bln). It recognised USD 2.1bln of pre-tax impairments and other charges in the quarter. North America revenue -57% Q/Q to USD 1bln.
Lockheed Martin Corp. (LMT) has been awarded a USD 15bln contract for C-130J development.
Quest Diagnostics (DGX) received the FDA’s green light for pooled testing, using the same COVID-19 molecular diagnostic first authorised by the agency in mid-March.
Southwest Airlines (LUV) – Almost a quarter of pilots accepted either early retirement or voluntary leave offers, according to CNBC.
Thermo Fisher Scientific (TMO) is expanding capacity for those developing new and existing therapies for COVID; now supporting more than 200 projects globally.
Twitter, Inc. (TWTR) announced the hackers on last week’s attack did more than cryptocurrency fraud, but they also walked away with some users personal data, according to WSJ. The report notes that data was taken from eight users.

OTHER

Alibaba (BABA) Ant Group is to plan simultaneous IPOs in Shanghai and Hong Kong, according to reports.
AstraZeneca (AZN LN, AZN) to publish eagerly anticipated COVID-19 trial results today. The FDA authorised its first COVID-19 diagnostic test for pools of samples, to let laboratories conserve resources by evaluating several people at once
Eldorado Resorts (ERI) USD 17.3 billion acquisition of Caesars Entertainment (CZR) received approval from The New Jersey Casino Control Commission, the last regulatory approval needed before the deal can close; the deal will result in the formation of the largest gaming company in the US.
Nikola (NKLA) chairman filed a new stock offering of up to 53.4mln shares related to warrants, but later noted it was just part of the process, adding “it’s difficult going ipo and after this, we’ll be full steam ahead”. Deutsche Bank note that the S-1 filing became effective, meaning 24mln warrants are now exercisable, which provides holders the right to buy shares for USD 11.50 and the 53.4mln shares owned by PIPE investors, enables them to be traded on the market. The analyst believes the potential for a portion of these 77mln shares to hit the market could create large technical selling pressure.
PTC Therapeutics (PTCT) and Royalty Pharma (RPTX) announced an agreement to acquire a portion of PTC’s royalty interest in risdiplan for USD 650mln in a one-time payment.
Samsung (SSNLF) is reportedly struggling to improve 5nm process yield, according to Digi Times citing sources. The article notes “It remains to be seen whether unsatisfactory yield rates at Samsung Electronics’ 5nm EUV process may affect the launch of Qualcomm’s next-generation flagship 5G mobile chip series.
Uber (UBER) and Alphabet Google (GOOG, GOOGL) announced a four-year agreement with Alphabet’s unit to use the Google Maps Platform Rides and Deliveries Services; Financial terms were not disclosed.
Yum China (YUMC) named official retail food services sponsor of the Beijing 2022 Olympic Winter Games, also becomes an official sponsor of the Chinese Olympic Committee through 2024-end.

Edit 10:00AM

Additional US equity stories

Walmart (WMT) is restarting talks of a potential sale of its UK supermarket unit, Asda - potentially of note for Tesco (TSCO LN), Sainsbury's (SBRY LN), Morrison's (MRW LN), Marks & Spencer's (MKS LN)
Sorento Therapeutics (SRNE) FDA has cleared the co.’s Abivertinib for Phase Two safety and efficacy study in hospitalized patients with moderate to severe coronavirus.
Pfizer Inc. (PFE) and BioNTech (BNTX) announce early positive update from German Ph1/2 study; generated strong t-cell data; supports and expands upon early results from the corresponding US trial
Crown Castle International Corp. (CCI) - Elliott Management calls upon CCI to outline a five-year plan for its fiber segment on its July 30th earnings call.
Halliburton Co. (HAL) CEO says international business is continuing to be a more meaningful contributor to the company going forward; believes North America production will remain structurally lower in the future. The CEO Expects to see a more disciplined market with stronger operators and