If you are interested in technology, and particularly cryptocurrency, then Serge Christian Pierre Belamant is someone that you should definitely be paying more attention to. Net1 CEO Serge Belamant to take early retirement. Even though he is mostly unheard of in the industry, his influence has been massive when it comes to the use of blockchain. Serge Belamant is the patent holder of the ever-important blockchain debit card. France is where he was born, but he grew up on the other side of the world in South Africa. Currently residing in the UK, he is Net1 Technologies’ founder, and the creator of something known as the “smart card,” which was revolutionary in its ability to be used independent of a centralized computer system.
When it comes to offline transactions, the card functions by way of a battery-powered device the records the necessary information, and Net1 Technologies acts as the database which stores the recorded transaction information. This blockchain debit card has gained acceptance at most locations which accept EMV cards. In 1995, the Serge Belamant headed Net1 Technologies received a blessing from Visa, who decided to develop a better application to aid in the process; it was called COPAC, which stands for Chip Offline Pre-authorised Card. Currently, this card is being happily utilized by more than three million users across the world, but there will likely be even more growth into the future.
Serge Belamant has truly been a pioneer in the blockchain world, and it seems feasible for his company to regain ownership of its public shares in just a few more years. It seems that many people find it surprising that Serge Belamant, a man who never completed his college education and left after a couple years, is now the chief executive officer of such an industry giant. However, he has proven that intelligence and hard work are of much greater importance when it comes to building a successful company. Deals with Russia and some African countries were quite beneficial for Net1 Technologies. Serge Belamant made even more progress when he entered NASDAQ in 2005.
In 2011, the Chief Investment Officer of Kerrisdale Capital, Sahm Adrangi, made a name for himself when he successfully shorted a number of Chinese companies, exposing several of them for fraudulent practices. Recently, Sahm Adrangi and Kerrisdale Capital aimed their sights on St. Joe Company, whose valuation was is currently listed at $1 billion. According to the report, remote and undeveloped swampland have rendered much of St. Joe Company’s assets as “over-valued and over-hyped.” Upon assessing the true value of St. Joe Company’s holdings, Sahm Adrangi’s evaluation revealed that it considerably less than what is being publicly advertised – 40 percent less to be exact. The gross misjudgment regarding St. Joe Company’s valuation, is also exacerbated by the fact that they are experiencing issues with their largest shareholder, who may be forced to liquidate a large portion of their stock, as well as the fact that commercial development has been stalled for the better part of the last decade.
The reason for St. Joe Company’s high valuation, is due to their plan regarding the building of a retiree destination, as well as a commercial business center in the Panama Beach area. The problem lies in the fact that the majority of their land is not near the highly sought-after beach area, being that this property has already been commercialized. Much of what’s left consists of land that is far less desirable.
Today, Fairholme Fund is the largest shareholder of St. Joe Company, with 22.7 million shares, but recent changes regarding the Securities and Exchange Commission will require that 10 million of those shares are liquidated in order to remain in compliance. Being that these shares would need to be liquidated by December 1, 2018,Sahm Adrangi says that there are not enough trading days left to accomplish this feat without affecting the share price of St. Joe Company adversely. The role of Bruce Berkowitz, who acts as the chairman of the board at St. Joe Company, as well as the fund manager for Fairholme Fund, also presents a conflict of interest that may require him andtwo additional fund directors to step down. This will also play a negative role in the share price.
Shervin Pishevar is that type of investor who can be said to be making critical decisions about his investments, and he gains from what he does. For example, he invested in Uber and Airbnb and is currently enjoying the fruits of his investments as his wealth has grown significantly. Concerning forecasting, he once highlighted that Facebook would soon be suffering from an identity crisis which is currently happening as we speak. The company has not been able to protect the data adequately, and this is raising eyebrows.
We were selected to testify at the US Senate Committee on Commerce, Science, and Transportation, marking the first appearance of a hyperloop company before a congressional committee. For today’s live stream: https://t.co/X5Z8xxrA5jpic.twitter.com/U3Or8Qz2bI
In a recent take on21-hour social platform exploration, Shervin Pishevar seems to be offering some insight about the market and what will be happening in the future. Investors have been reading and trying to figure out whatever he says or writes because he seems to have some insight about the market which explains why individuals should listen to him. According to the Uber investor, the financial market and the bitcoin technology will continue to fall and its time investors get to familiarize themselves with the fall before making any investment decision.
Shervin Pishevar thinksthat the financial market will fall by almost 6,000 points while the digital currency is likely to fall to 2k upon which it will start to appreciate. That is a dangerous trend that investors should know, especially concerning the digital currency industry. In the financial sector, the Investment company founder highlights that the market will fall due to increased government debts and the underemployment facing the country. The issue of increased deficits, either from local borrowing or by borrowing from international lending institutions will hurt the economy.
Shervin Pishevar is of the opinion that the government is not able to pay the debts because the market is not generating enough to cover for the increased government spending and the poor state if the financial meaning that there is no money to pay for the debts that the government has been borrowing. The only feasible solution is for the government to print money and boost consumption in the country while at the same time using the printed money to pay for the increased wage bill and recurrent expenditure.