Beware of Fake WordPress.com sites.

by tonytran2015 (Melbourne, Australia).
#Trojan horse, #fake site, #WARNING, #DANGER, #cyber-fraud, #redirect

BEWARE of Fake WordPress.com sites.

When entering the word “wordpress.com” into the search box to carry out a Google Search, the results may give you a few fake sites. Any of those listings may trick you into entering it as a genuine site, but it redirects you instead to a fake site, from there you reveal your password and your account is compromised!

1. Always check the full heading in the address box of your browser.

Figure: Demonstration with an ACTUAL Google search for “WordPress.com” giving a result with the correct title line but redirecting to a totally different site sknvietnam.com (Screen captured on 2017 Oct 22-02h17GMT).

After clicking onto the search result, check that you have the address of the site you want.

In the example screen-captured here today, clicking on the result “WordPress.com/sknvietnam.com” (WordPress.com with sknvietnam.com on another line as in the photo) sends you to a login screen similar to WordPress.com login, but the address box has a long line appending after “https://wordpress.com/login “.

You have to be aware that appendage is usually not visible in the small address box of smartphones, tablets. In that case you may have your account and password captured by the strange site.

I carried out a Google Search and found that sknvietnam.com is only a fashion outlet, not a representative of WordPress.com. So things do not add up with that search result.

2. Only log in to the site with the correct address and with nothing else.

Sometimes a fake site can manage to stick a redirecting to the correct name to send your log in to a totally different site.

Sometimes a fake site also hides the front part of its long address from view leaving only the rear part visible, looking similar to a genuine address.

3. Immediately log out and change your password if the site looks differently.

Rather have false alarms than to have your sites or computers compromised.

Reference.

[1]. 

Added after 2017 November 3rd: 

[2]. https://irishinfosecnews.wordpress.com/2017/11/03/poisoned-search-results-deliver-banking-malware/
 

Latest How to Blogs, , , , , Mung Beans as grains for self-reliance, Simple determination of East Asia lunisolar New Year

Click here to go to Divider63D400 Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU: [Contents][Blog Image of Contents ][Archives ] [About]

 

Advertisements

Avoid Buying Zombie Floats on the Stock Exchanges.

by tonytran2015 (Melbourne, Australia).

#restructured company, #float, #zombie float, #zombie company, #IPO

Avoid Buying Zombie Floats on the Stock Exchanges.

As the Central Banks of major countries send interest rates to zero or even negative values, people have to take their retirement savings out of Government Bonds and they are tempted into sending their money into the Stock Markets of those countries. The people are not verse in calculating return and risks so they may grab any “established names” on the Stock Exchange and pay outrageous price for them.

There are schemers who lives off that ignorance and float the old loss making companies (zombies companies) into the markets and do creative accounting tricks to hide the losses (for few years only). Those buying the zombies at Initial Public Offer (IPO) usually lose most or significant parts of their money right after the contracts have been signed!

This blog reveals the tricks of selling zombies on the Stock Exchanges.

 

1. Tricks of the trade.

1. A schemer buys a long suffering loss making for next to nothing. Usually he buys it when it goes into liquidation by insolvency.

2. The schemer sacks most low level employees. They would lose their job anyway by the liquidation. The company then ceases trading for few months.

3. The company books are then scanned for any realizable, significant assets for the schemer to take.

4. The schemer draws up a contract between the newly acquired company with one of his other company (debt collecting disguised as management company) for a irrevocable, very expensive management of the newly acquired company.

5. The schemer provides a thin working capital to the newly acquired company from an expensive loan from his other company (debt collecting disguised as management company). The loan is characterized by complex conditions such that prospective investors would not understand.

6. New low level employees are hired and the company re-open its doors for trading (in a way which is precarious but is hard to be noticed by prospective investors).

7. The company is then called “restructured” and floated on the Stock Exchange for naive, unwary investors to buy in.

8. The money from new investors helps paying back the loans from the schemer and will make installments to the management fees (which are actually installments to pay off an additional debt to the schemer).

2. Analysis of the trick.

1. As management fees to another company at expensive rate are not classified as a debt, the restructured company is now debt free except for an expensive loan used as working capital.

2. The irrevocable management contract just keeps sending money to the other company (debt collecting disguised as management company) whether the management is effective or not. The contract is effectively an obligatory debt repayment scheme but is OFF the BALANCE SHEET.

3. Most capital raised from the float of the zombie will be used to repay the loan for working capital and then sent to the “debt collecting disguised as management company” over the time.

4. The director of the zombie company is untouchable by any company law or security law as the management fault lies with the management company (outside his control) but he cannot revoke the management contract.

3. Illustration by an every day example.

If someone got a wrecked car from a yard, refit it with an engine (on an expensive hire purchase plan from him) and sell it to you. Would you buy that car?

But why do you let your Pension Funds, Superannuation Funds buy the zombie companies on your behalf?

4. Zombie floats from Australian Stock Exchange.

The better known cases of zombie floats from the Australian Stock Exchange (ASX) are:

The Dick Smith Electronic Company (2015),

The Myers Company (2009).

The floating of the zombies does make the Stock Exchange look like an arena for rigged games where novice investors are ripped off by schemers.

5. Avoiding Zombie Floats.

Investors have to check the trading records for the preceding three years of the floated company even if it is traded on the Stock Exchange.

A new float of an old company may be very risky as only the company name is established while the management and operation are totally untested. Investors are buying into only a dream, the dream may turn out to be a nightmare.

Any management contract of the floated company to any external company must be examined in details (How much fee per year, for how many year, whether it is revocable, what are the required termination conditions). The conditions are usually hard to obtained from any such prospectus. For this reason alone, any such float should be avoided.

Investors have to find out if the floater of the new float has a reputation in floating successful companies after claimed “restructuring”. Some floaters are known for only floating non-viable companies.

On the only basis of transparency, I would avoid any float of “restructured companies”.

References

[1]. dick smith blames-private-equity-owners-greed-for-collapse, http://mobile.abc.net.au/news/2016-01-06/dick-smith-blames-private-equity-owners-greed-for-collapse/7069604

[2]. dick-smith-class-action-ready-to-launch, au.wordpress.com/business/breaking-news/dick-smith-class-action-ready-to-launch/news

[3]. https://www.crikey.com.au/2010/03/18/myer-over-priced-as-shareholders-find-out-the-hard-way/

[4]. http://www.smh.com.au/business/lessons-from-the-myer-float-flop-20091102-ht8c.html

[5]. the-private-equity-giants-the-greek-target-and-a-trojan-horse, October 28, 2015

[6]. report-says-big-buyouts-are-likelier-to-default, date 05Nov2009

 

RELEVANT MONEY Blogs

The Parasites of Western Economy, Part 5: Company Asset Strippers and Conspirators posted on 13 August 2017 ,

moneyd20.jpg,

  Cashless bartering for survivalFederal Reserve Bank charges undeserved fees to Americans.A satirical guide to signs of an impending crash for small investorsYour fiat money (Part 2)Your fiat moneyBankers given outrageous incomes by their boardsSigns pointing to an impending crash for small investors,Bankers earn more than interest margin on secured loansCan most pension funds last? … all

 

PREVIOUS MONEY Blogs

Click here for my other blogs on polymeraust100dollarsMONEY

Click here go to Divider63D400Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU: [Contents][Blog Image of Contents ][Archives ] [About]

 

Calibrating food storage thermometers.

by tonytran2015 (Melbourne, Australia)

#thermometer, #household thermometer, #fridge thermometer, #food storage thermometer, #calibration, #food safety,

Calibrating food storage thermometers.

Figure: A household thermometer with scale from -30°C to 50°C.

Keeping food safe for eating requires storing them at correct temperatures. This requires the use of thermometers as the difference between safe and unsafe temperatures is not easily perceptible otherwise. Household thermometers are usually of the range of -30°C to 50°C and they are made for managing the safe storage of food as well as managing the interior temperatures of houses. Any household thermometers in use must be accurate as faulty ones may cause food to be mistakenly stored in the dangerous bacterial growth zone (4°C to 60°C).

Thermometers can be bought at very low price (about $3 for a plastic thermometer of 40 cm, 16 inch in length, as in the photo) from general stores but they ARE NOT guaranteed to be accurate and users have to calibrate thermometers themselves before use.  The calibration is not simple to ordinary people as the ranges of these thermometers encompass only the temperature of melting ice (0 degree C or 32 degree F) but NOT the temperature of boiling water (at 100 degree C or 212 degree F).

This blog shows you how to calibrate household thermometers using no specialist instrument.

1. Required tools.

Calibrating a household thermometer requires:

a. Ice cubes to provide meting ice.

b. A large bowl to contain melting ice cubes and water.

c. One water kettle to provide boiling water.

d. Two identical cups or glasses

e. One bigger cup or glass with double the volume for mixing water from the above two identical cups.

2. Creating melting ice temperature.
Place some ice cubes in water drinking water in a glass or cup and let it melt. Stir the water thoroughly. The water is then at melting ice temperature. Dip the household thermometer into the water to verify its melting ice temperature.

The thermometer can now be used to check that some water is at the temperature of melting ice.

2. Creating boiling water temperature.
Boiling water is obtainable from the water kettle.

3. Creating half way (50°C = 122°F) temperature.
Pour one full cup of 0°C water contained in one of the identical cups into the bigger mixing cup.

Pour one full cup of 100°C boiling water contained in the other of the identical cups into the bigger mixing cup.

Stir the water thoroughly. The water is then at the temperature of 50°C. Dip the household thermometer into the water to verify its 50°C = 122°F temperature.

4. Usable thermometers 

A usable thermometer should give correct readings for both temperatures of melting ice and of 50°C = 122°F.

Any error at either or both these established temperatures will lead to errors at other readings of the scale. The errors may cause dangerous consequences when applied to food storage.

The following is a dangerous food storage thermometer I have kept to prove that dangerous instruments do exist.

5. An example of dangerous fridge thermometers.

Figure: A re-calibrated, previously  faulty (dangerous) fridge thermometer.

The fridge thermometer in the photograph here was actually outrageously faulty making it a dangerous food storage thermometer. Its original markings are still visible under my re-calibration marks (Red marks are for positive including zero and blue marks are for strictly negative temperatures.).
Readers can see that the original markings are quite faulty:

Original indicated  -28°C   is actually  -10°C

Original indicated   10°C    is actually   25°C

Just imagine what may happen to any trusting thermometer owner using it to prepare for the storage of his food at indicated 0°C, which is actually 10°C. The latter temperature is actually in the DANGEROUS bacterial growth zone (4°C to 60°C).

My re-calibration has been double checked using a laboratory thermometer. The original markings were unbelievably faulty.

References

[1]. https://www.betterhealth.vic.gov.au/health/healthyliving/food-safety-and-storage

[2]. https://www.foodsafety.com.au/resources/articles/safe-food-storage-tips

[3]. https://www.csiro.au/en/Research/Health/Food-safety/Storing-food

Related HOW TO blogs:

Rice as emergency food., posted December 24, 2016

20161230_192839ricegrains2c60.jpg

Mung Beans as grains for self-reliance.

mung_beans.jpg

Latest  How to Blogs,

,,  ,  ,  , Mung Beans as grains for self-reliance, Simple determination of East Asia lunisolar New Yearall

Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU: [Contents][Blog Image of Contents ][Archives ] [About]

 

Solar Electricity Installations look like a gravy train.

by tonytran2015 (Melbourne, Australia)

#solar electricity, #solar panel, #home installation, #return on investment, #gravy train, #subsidize, #economically inefficient,

Solar Electricity Installations look like a gravy train.

With electricity price running out of control, anticipated to hit 40c/kWh in the near future, I have to consider investing in a home system of Solar Panels to reduces my expenditure. The good news is there are some Solar Panels on sale at $150 per square meter and my friend can install them for me at a cost of $150 per square meter. So I drew up the following financial analysis for the prospective installation of 1m2 of panel. The results are quite surprising: Solar electricity is not matured enough to be economically competitive. The Green actions by Australian Governments are mostly a gravy train with well connected, greedy people already having First Class seats on it.

 

1. Assumptions leading to prospective installation

All currency are in Australian dollars

1. Electricity is to cost $0.40/kWh (This is on the high side, the current wholesale price for gas generated electricity is still below $0.15/kWh),

2. Solar Panels can be bought at $150/m2,

3. Total installation cost is only $150/m2,

4. There is no heavy disposal costs for discarded Solar Electricity components which contains lead and other pollutants.

2. The physical figures for Solar Panels.

a/- Solar energy flux is about 1000W/m2 before sunlight reaches the atmosphere.

b/- Average over 12 hours of the flux of daylight on equinoctial day reaching a panel pointing directly at the Sun at its midday is

1000W/m2*(2/3.14).

c/- However, not every house can mount a panel pointing at the Sun at midday on the equinoctial days. The panel is either mounted pointing too high or too low and oriented too much away from the noon position along the North-South direction.

Average of flux through roof slope panel is therefore reduced by a factor of 0.5. The solar energy flux through panel is therefore

1000W/m2*(2/3.14)*0.5

 

d/- Not everyday is a sunny day. So the average flux on the Panel needs to be reduced for this weather effect.
Average over cloudy and sunny days is

1000W/m2*(2/3.14)*0.5*0.3

 

e/- Average Solar radiation energy that can be collected daily is
(1000W/m2) *(2/3.14)*0.5*0.3*12

f/-Average daily energy that can be converted to electricity  is (assuming 17% of radiation energy can be converted into electricity)

(1000W/m2)*(2/3.14)*0.5*0.3*12*0.17 = 194Wh

g/- Electric Energy produced per year= 194*365 = 70,800Wh = 70.8kWh

h/- Retail Market Value of that daytime electricity generated in a year:

70.8kWh*$0.40/kWh = $28.3

3. Financial return for Solar Panels.

Maintenance and Depreciation cost (assuming 10% of installed value. The Panel is assumed to have a useful life of 20 years and the increases in roof maintenance cost has been included in this estimate)

10%*$300 = $30.

Insurance cost (between 1% and 3% of replacement value) as the Panel may get vandalized, stolen or damaged by rare 5cm hail storms in Melbourne.

(1% to 3%)*$300 = $3 to $9
Possible State levy on electricity from the system (A high possibility, as State Institutions still love building their empires.)

(0 to 50%)×$28.3 = 0 0to $14.1

Cost of the installed panel is at a rock bottom value of $300.

Yearly return on my Investment on Solar Panel on my own roof is:

Electricity – (Maintenance and Depreciation) – Insurance – possible State levy
$28.3 – $30 – $3 -($6) – ($14.1) = -$4.7 -($20.1)

That is there is a minimum annual loss of $4.70 with a possible additional loss of $20.1 when if the Insurer and the State Government decided to gouge my Solar Istallation

Return on Investment = -4.7/300 – (20.1/300) = -1.6% -(6.7%)

So the return is -1.6% but it can worsen to a heavy loss of  -8.3% even when there is no borrowing.

4. Terrible loss on Solar Panels with borrowed money.

In the above financial analysis, the ROI (Return On Investment) has been based on own money.

If financing has been obtained from a bank, the ROI would have to be subtracted by interest paid on borrowed money (currently between 5% and 10%) and would be terrible. However the ROI may become positive if you can obtain Loan with NEGATIVE INTEREST (It is harder to find such loans than to extract kinetic energy from renewable earthquakes!).

5. Governments cannot do any better.

I believe that US$120/m2 is the best value for Solar Panel in 2017. If any reader can find a cheaper price please write a comment so that I can update the ROI calculation.

The installation fee of AUD$150 is believed to be the best as my friend only gave such a low price to help with my prospective experimental installation.

Economy of scale does not work with non-transparent governments. Economy of scale do reduce the cost on packaging, transportation and marketing but CORRUPTION INCREASES EXPONENTIALLY WITH SCALE there.

So if individual cannot make profit, no government can unless:

a/- It can obtain Solar Panels for free (such as asking for war reparations from a rich vanquished nation like Iraq).

b/- It can have cheap Prisoners Labor for installation.

c/- It can collude with either domestic Power Generator Companies to jack up Electricity price or with Foreign Governments or Organizations (such as Green Movements) to create artificial increases in Electricity price. (The figure of 40c/kWh is already a high price, the price excluding connection fee for domestic consumption is about 20c/kWh.).

6. Follow the money on Green Projects spent by Governments .

Australian Governments since 2004 have spent national wealth (left by the John Howard Government) on MAD, UNJUSTIFIABLE WASTEFUL plans:

Subsidized (100% subsidization at $2000, under Kevin Rudd’s government) costly conversion of car to dual fuel (petrol plus LPG), installing $2000 system on old, $500 cars which become not economically viable after only few years of usage (the old car was sold for only the value of the dual fuel system).

Subsidized (100% subsidization at $2000, under Kevin Rudd’s government) costly but sloppy glass wool insulation of old houses leading to many house fires caused by in glass wool impeding the ventilation flows of sunken lighting.

Government policy (under PM Kevin Rudd) to encourage costly, but ECONOMICALLY INEFFICIENT, installations of (Chinese) Solar Panels. The excess energy generated by the installation can be sold to the Grid at (crazily priced) 23c/kWh, More than Generator’s Electricity price of arpund 9c/kWh  (Locked in contracts of 2 years duration were signed under Kevin Rudd’s government). The price paid to uneconomically produced excess energy to those households must come from the pockets of normal electricity users.

(It has now been known that Former PM Kevin Rudd has some family connections with some people with Chinese descent)

Having built no Fluorescent Lamp Disposal Facilities even after making the whole nation using almost only Fluorescent light sources. Mercury from discarded fluorescent lamp have not been mentioned by any Environmental Protection Agencies or Green Movements. Mercury is now an unmentioned threat lurking in Australian Wastes.

Local governments (Councils, Shires, Counties, …) now don’t concentrate on Waste Collection, Local Road Repairs, Schools, Local Libraries as required but get into the Conservation movements: Maribyrnong Council send out their “chosen” Green advocates to every home (in Maribyrnong Council) to replace 2 globes for the house holders with 2 new energy saving globe. The globes do save energy but the house hold will eventually pay for the replacement of those 2 globes at about $100 (in increases of Council annual rates on each household) while the two globes are worth only $15 and the householders can easily do the jobs themselves.

6. Conclusions.

Solar electricity is currently not matured enough to be economically competitive. The Green actions by Australian Governments are mostly a gravy train with well connected, greedy people already having First Class seats on it. Just follow the money to find out the reasons for their actions.

References.

[1]. https://www.solarquotes.com.au/issolarworthit.html?utm_source=plista&utm_medium=cpc&utm_campaign=aresolarpanelsworthitpl2

[2].  survivaltricks.wordpress.com,2017Sept28

[3].  , https://www.redarc.com.au/solar-faqs#7

[4]. http://www.heraldsun.com.au/news/energy-bills-households-paying-inflated-electricity-and-gas-prices/news-story/4f4c4ea257fddd0c1357546fa11dc470

[5]. https://superforest.blog/2017/10/18/way-to-go-greenies/

Added after 2017 October 20th:[6]. https://us-issues.com/2017/10/19/reported-plunge-in-renewable-costs-prompts-aussie-government-to-pull-subsidies/

[7].  https://wattsupwiththat.com/2017/10/08/reported-plunge-in-renewable-costs-prompts-aussie-government-to-pull-subsidies/

[8]. https://www.energymatters.com.au/renewable-news/wa-solar-tax-em5225/

[9]. https://onestepoffthegrid.com.au/synergy-proposes-sun-tax-on-wa-solar-households/

RELATED MONEY Blogs

, posted on 17 April 2017 ,

, posted on 07 May 2017 ,

, posted on 10 Jun 2017 ,

moneyd20.jpg

The Parasites of Western Economy, Part 5: Company Asset Strippers and Conspirators posted on 13 August 2017 ,

moneyd20.jpg

 ,    , Cashless bartering for survival, Federal Reserve Bank charges undeserved fees to Americans., A satirical guide to signs of an impending crash for small investorsYour fiat money (Part 2)Your fiat moneyBankers given outrageous incomes by their boardsSigns pointing to an impending crash for small investors,Bankers earn more than interest margin on secured loansCan most pension funds last? … all

Click here for my other blogs on SURVIVAL

Click here to go toHome Page (Navigation-Survival-How To-Money).

 

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU:  [Contents][Blog Image of Contents ][Archives ] [About]