Category: Finance

Finance

What Should Be Done By A Victim of Forex Broker Scam?

The entire European Region has become a hot-spot for people involved in scamming people. It would however be wrong to suggest that only the European Region is facing this problem. Instead, the entire world is trying everything to stop scammers from committing frauds. But the fact of the matter is that as compared to average people, scammers and fraudsters are well-organized. They have developed convincing strategies, the avoidance of which is almost impossible. Resultantly, a fraud is committed and when the victim gets knowledge of the truth, it is already too late. 

What is the Way Forward?

So the question raised by victims of scams, particular Forex Broker Scams, is where should they go? What methods they need to adopt and whether efforts should be put in for retrieving the stolen funds? These are all pertinent questions and some five years ago the answer to these would be in the ‘negative’. However, the time has evolved a great deal and it has evolved in the sense that the ‘negative’ answer has been modified into ‘affirmative’. 

First Preventive Measure

The first and foremost effective preventive measure for a person is to self-educate with regard to forex broker scams. There is plenty of helpful material available online which is designed for the public to educate themselves how to determine a fraud. Similarly, the material is also very useful in understanding the methods and tactics employed by scammers. So education is the most crucial part in the prevention of scams. 

Post-Scam Strategies

Supposing the education didn’t work and somehow scammers managed to win the day then the victim should immediately register an official complaint. First point of contact for this complaint is the local police or in the alternative, fraud prevention authorities. However, there is no guarantee that police or fraud prevention authorities could do any good because they are bound by territorial jurisdictions. 

Scam Recovery Agents – The Last Option

As discussed earlier, recovery of stolen funds is not impossible today. One can always go to scam recovery agents, lodge a complaint and obtain their services. For most of the victims, these recovery agents are the last option where they can achieve results which include reversing the financial loss as if it never happened.

Money-Back is one such company where victims come and leave as winners. For instance, many victims came to this firm complaining about Forex Withdrawal Problems. They were advised to vigilantly pursue their withdrawal requests and see whether the firm stays or vanishes quickly. The trick worked and the brokerage vanished but before the brokerage could vanish, the firm had already secured great deal of evidence. Eventually, the scammers were caught and victims’ money was safely returned to the investors. 

Not Everyone So Lucky

However, the truth is not everyone is so lucky. Mostly victims are left with the guilt that they acted negligently and only if they had listened to others, they could have avoided the scam. The feeling of guilt then becomes a shame and victims often prefer silence over raising awareness. This is an unwarranted behavior. If a person is scammed then he or she should immediately inform others by raising awareness. You might save someone you love or a member of your family or friends’ circle. 

When you find someone presenting you with an offer of investment which seems obnoxiously good, you need to activate your instincts. If you won’t do this, then get ready to be victimized. 

End Remarks

Scamming is a global issue which has ruined lives of millions of people in almost every country in the world. Although too much awareness has been created, yet hundreds of false investment schemes, including forex trading schemes, are still out there. So ensure safety of your funds and information and hire relevant people who can provide you result-oriented help in securing your funds back. Try Money-Back by using their free consultation services.

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June 13, 2022
Finance

Benefits of hiring a tax consultant in Florida

If you’re a business owner in Clearwater, Florida, you know that the state’s tax laws can be complicated and ever-changing. According to the law, the current state tax in the city is 7%. Hiring a tax consultant can help take some of the burdens off your shoulders and ensure that you take advantage of all the deductions and credits available. For example, if you require IRS Lien help in Clearwater, FL, you can search for an expert consultant in the city and get the needed assistance.

The following points will explore some of the benefits of hiring a tax consultant in Florida. From peace of mind to more time to focus on your business, a tax consultant can be valuable.

Availability of time

Regarding tax preparation, most people dread having to do it themselves. Fortunately, many tax consultants can help take the burden off your shoulders. They can save you time and money because tax consultants are so knowledgeable about the process they can often get your taxes done quicker than you could on your own. And, because they’re experts at finding deductions and credits, they can also save you money.

Risk-free service

When you hire a tax consultant, you can be confident that they will do everything possible to get you the best possible outcome on your taxes. If they don’t achieve the results you were hoping for, you won’t have to pay anything. Moreover, a tax consultant is an expert on taxation laws and regulations. They can offer valuable advice on how to minimize your tax liability. A good tax consultant will have access to resources to help you resolve any issues during your return preparation.

Updates on changing the tax structure

The tax structure in Florida is constantly changing, and it can be challenging to keep up with the latest changes. A tax consultant can help you stay up-to-date on the latest changes and ensure that you take advantage of all the benefits available.

Handling of documents

Regarding taxes, there is a lot of paperwork involved. This can be overwhelming for some people, primarily if they are not used to dealing with taxes. A tax consultant can help you with the paperwork and ensure everything is in order. They can also help you file your taxes electronically, saving you time and hassle.

Problem handling

If you’re running a business in Florida, you’re likely to face various tax-related problems at some point, for example, if you need IRS Lien help in Clearwater, FL. If you need help understanding the tax code, it can be challenging to resolve these problems independently. That’s where a tax consultant can help. A tax consultant is someone who specializes in dealing with tax-related issues. They can help you determine what you owe and how to pay it. They can also negotiate with the IRS on your behalf and represent you in court if necessary.

Avoid penalties

If you resolve your tax problems correctly, you could avoid paying a lot of penalties and interest charges. A tax consultant can help you avoid this by ensuring everything is done correctly.

These points list all the benefits of consulting a tax consultation expert in Florida. You can search online and find the best consultant to resolve your tax problems and assist you in all tax-related formalities in the future.

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April 28, 2022
Finance

HOW DOES PAYDAY ADVANCE FUNCTION?

If you are in a difficult situation, you can check out choices to get the cash you require. Comprehending how payday advances function, as well as identifying your choices will encourage you to make a wise financial choice.

When you obtain a payday loan, you utilize your paycheck as safety against the amount you borrow. When you make an application for payday funding, it won’t matter when you have poor debt or no credit report, since the lender is having the power to take its settlement from your bank account when you obtain your following paycheck. That’s how cash advance lending institutions minimize their danger.

How can they do this? When you’re authorized for a payday advance loan, you provide the loan provider a postdated check which can get withdrawn on the next payday. If you take online lending, you accredit the company for taking the funds from the bank account after you get paid by your employer.

To find a guaranteed payday loan, please visit Slick Cash Loan. 

What happens when it’s time to settle your loan?

Typically, payday loan providers charge you a fee for every $100 you obtain. The fee can vary from $10-$30, according to the Consumer Financial Defense Bureau, relying on the loan provider, as well as where you live.

Those fees could not sound like a great deal, yet they can add up. An average $15 cost can equate to an APR of nearly 400% for two-week funding.

You’re expected to repay the whole loan, as well as the cost on your following payday. Unlike personal finance, you can’t make installment settlements on a cash advance. If you don’t have the cash to settle the total on your following cash advance, you may have to roll the funding over to a future payday. Naturally, you’ll accumulate extra fees in the process.

Imagine this plot: You borrow $100-$115 if the fee of the lender is included. Two weeks later on when the funding is due, you recognize you cannot pay. So, you pay the $15 cost, as well as roll the loan over, meaning you owe $115 once again since you haven’t repaid any type of part of the principal, and you have a new $15 cost.

That fee might look little when you first obtain the loan; however, if you keep duplicating the rollover cycle you can end up owing more than the quantity you obtained in the first place.

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April 22, 2022
Finance

What is a Cryptocurrency Faucet?

NFT Signal are digital tokens that use cryptography technology to make transactions on the blockchain safe and control the creation of new units. Cryptocurrencies are decentralized, meaning they are not controlled by any government or organization. A cryptocurrency faucet is a website that gives out small amounts of cryptocurrencies for free as a way to promote its adoption and usage. The coins received by visitors can be used to purchase goods and services on the site.

Cryptocurrency faucets are a type of online reward system that dispense rewards in the form of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. They work by giving users a small amount of cryptocurrency for completing a task, like solving a captcha or viewing a certain number of ads. Once you’ve earned enough cryptocurrency, you can withdraw it to your personal wallet. 

A cryptocurrency faucet is an online service that rewards users with cryptocurrency for visiting the site. The reward can be in the form of a token, a coin, or a reward point.

Best Cryptocurrency Faucets

These are websites or apps that give users a small amount of cryptocurrency for free every time they complete some tasks. It’s a great way to get started with cryptocurrencies and learn about them. Plus, you can always use the cryptocurrency you earn to buy more if you want. 

BitCoin Faucet is one of the best crypto faucets you can find and it’s a trusted platform for crypto enthusiasts. Every 10 minutes, you will receive 0.00001 BTC (about $0.50 at current prices). You can also use this site to find other similar sites. LiteCoinFaucet gives away 0.001 LTC (about $0.10) every 2 minutes.  

These sites offer a way to earn free bitcoin, ether, and other popular cryptocurrencies without doing anything extra. Simply visit the site, input your wallet address, and start collecting coins. Bitcoin Faucet by Coin Topper is one of the most popular faucets available. It offers a steady stream of bitcoin every few minutes. Ether Faucet by Ethermine is another great option for beginners. 

How does a Cryptocurrency Faucet Work?

A cryptocurrency faucet is a website or app that gives you rewards in the form of cryptocurrency for visiting it. These rewards can be in the form of tokens (such as Bitcoin, Ethereum, and Litecoin), which you can then exchange for real world currency or other cryptocurrencies. 

To be eligible for a cryptocurrency faucet, you need to first install the relevant app or visit the website. Once installed, you will be presented with a list of cryptocurrencies that are available to you. To claim rewards, simply visit the faucet and complete one or more tasks, such as earning points by referring friends or completing surveys. Once you have completed enough tasks, you will be rewarded with tokens in your chosen cryptocurrency. 

Cryptocurrency faucets are an excellent way to get started with cryptocurrencies and to earn some free tokens. They are also a great way to reward your followers and attract new users to your website or app. Crypto faucets are a great way to earn free cryptocurrency. They work by giving you a small amount of cryptocurrency for every task you complete. The tasks vary but most of them are really easy to complete and you can get good amounts of cryptocurrency with faucets. 

Once you have earned enough cryptocurrency, you can then use it to purchase goods and services from the faucet’s partner websites.

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April 18, 2022
Finance

The Functioning of a Payday Loan

Payday advance loans are tiny financings that permit you to borrow against a future income. That choice comes with a high rate; however, the rates of interest related to these financings, partly due to the fact that lots of individuals are not able to pay them back promptly are unbelievably high. Payday advance loans are prevalent in low-income communities, and these lending institutions have obtained criticism for their treatment of low-income borrowers. These consumers could need additional money to fulfill their month-to-month costs, yet at the same time are unable to repay the payday advance loan on schedule, which puts them right into an expanding financial debt with cash advance lenders.

How Does Everything Function?

Debtors normally offer their bank account info to the cash advance lender, who will debit the owed money from the customer’s account when due. Cash advance lending institutions run from storefront businesses and online, offering customers continuous choices for accessing cash by doing this.

The minimal age for borrowing a payday loan is 18. Yet just because teens can obtain money by doing this doesn’t indicate that they need to hurry to utilize this sort of funding without comprehending the financial implications. In September 2015, a British teenager made headings when he devoted suicide apparently as a result of shedding much of his bank account to a cash advance lender referred to as Wonga. This as well as various other less-drastic cases have increased the analysis of the payday borrowing sector.

While a Bench Charitable Trust funds study discovered that 25 to 44 years old comprise most payday advance debtors, 5% of 18 to 24 years old have borrowed cash in this manner. When they do, they may be damaging their economic futures by obtaining caught in a cycle of financial debt because they don’t recognize just how these fundings work or ignore their capacity to repay them.

Cash advance amounts typically range from $100-$500, with the ordinary finance around $375, according to the Trusts. Debtors pay an average cost of $55 per 2 weeks, as well as the finance has to be repaid based on your payday.

If you can’t repay the slick cash loan at the end of both weeks, payday loan providers will usually roll it over right into new financing. Because of this, the typical payday loan debtor owes money for 5 months of the year. Repeatedly rolling over lending might cause annual rates of interest of more than 300%. Contrast that to a normal credit card rate of interest of 15%.

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April 10, 2022
Finance

How to find the share price of companies?

Shares are a way of owning a company. Buying shares imply buying a small part of the company. Anyone can buy shares in any company listed on the stock market. Shares enable the right to vote at shareholder meetings and receive dividends from profits made by the company. 

Equity is a part of ownership. Equity means owning a percentage of the business. The qualifying criteria for investing in equity are different from those for buying shares and thus are often require expert guidance to invest in.

The market determines the price of a company’s shares, such as lava share price. The market comprises investors who buy and sell shares in companies. The demand will determine the cost of a company’s shares. Investors will buy more shares if they believe that the company will make more money in the future than it does now. 

They may also buy more shares if they think that other investors will buy more shares, increasing demand and increasing the share price. Investors may also sell their shares if they believe that other investors will sell their shares, decreasing demand and thus decreasing the share price.

FINDING THE PRICE OF COMPANY SHARES

  • A company’s share price is the value of one share in that company. It is calculated by dividing its total market capitalization by the number of outstanding shares. There are many ways to find out the share price of a company. One way is to use financial applications, which provide up-to-date information on stocks and other financial instruments.
  • Market capitalization is the total dollar value of a company’s outstanding shares. It is calculated by multiplying the current share price, such as lava share price, by the number of shares outstanding. A company’s market capitalization is an important indicator of its size and health. Large companies have higher market capitalizations than small companies, and healthy companies have higher market capitalizations.
  • Outstanding shares are the number of shares that a company has issued but not yet paid for. The outstanding shares are calculated by subtracting the treasury shares from the total number of shares. Treasury type shares are shares that a company has repurchased from the public. 

They are also known as treasury stock. Treasury shares are usually repurchased when the company is confident about its future and wants to reduce the number of outstanding shares. 

This is done to increase the value of each share, which in turn increases the earnings per share (EPS). The company can also buy back treasury shares when it needs cash for other purposes, such as paying off debt or investing in new projects.

INTERNATIONAL SHARE PRICE

The international share price is the price of a company’s shares on the global stock market. The international share price, such as lava international share price, is calculated by multiplying the number of shares by the current share price. 

International share prices, such as lava international share price, are important because they allow investors to diversify their portfolios. Investors can invest in international shares to hedge against the risk of investing in a single country. 

International share prices are also important because they allow investors to invest in companies that are not listed on their home country’s stock exchange.

CONCLUSION

Knowing the company share price is essential for investors. It helps them understand how the company is doing and if it is worth investing in. The share price of a company can be found on the stock market. A stock market is where people buy and sell shares of companies. 

The company’s share price changes every day depending on how well the company is doing. The price of any company stock is determined by supply and demand. The demand for shares is higher when the company does well.

 

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March 29, 2022
Finance

New Construction Loans/Lenders

If you are a real estate investor, you may have experience in flipping homes. But have you tried building and selling homes? Obtaining new construction loans is one way to keep you going.

Construction Loans and how they Work

A construction loan is short-term financing issued by a bank for the specific purpose of financing a real estate project, such as a new home. You get a permanent loan or a traditional mortgage when you want to buy an existing house. But, when building a new house, especially if it includes buying raw land, this is where new construction loans come in.

Anyone investing money and time in construction can visit a new construction lender to apply for new construction financing. A small business owner, contractor, or individual homeowner can use construction loans to cater to their project. If you currently own land, your equity in the property can be the down payment for the construction loan.

The new loan lender requires the borrower to make monthly payments on the new construction loan when the project is ongoing. New construction financing is similar to a line of credit where you pay interest on the actual amount borrowed to finish each part of a project instead of a lump sum. Some new construction loans may need the balance paid off by the end of the project. Other than the actual building, you can apply for new construction financing to pay for construction equipment, building materials, or hire employees.

Requirements for New Construction Loans?

It is harder to obtain a construction loan compared to a typical mortgage. Most new construction lenders consider it risky to issue the loan as there is no asset to guarantee it.

Here are the requirements for New construction loans:

  • Down payment: All new construction lenders require a down payment of not less than 20% of the total project cost. If you own the land where the construction will occur, you can use it as a down payment.
  • Strong personal credit: When applying for a construction loan, you should include your personal credit history, even if you own a small business. New construction lenders want to see your business credit history and FICO score.
  • Financial documents: A prospective new construction lender will usually examine your past and current debt and payment history, including other loans on your property. Hence, you will be asked to submit proof of other assets, tax returns, and financial statements.

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March 24, 2022
Finance

What’s Great About The Venture One Capital Card?

This credit card offers moderate rewards, including an unlimited 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar spent on all other purchases. A welcome bonus of 20,000 miles after spending $500 on purchases within 3 months of account opening, equal to $200 in travel, is available after spending $500 on purchases within 3 months of account opening. It also provides a 0 percent initial APR on purchases and debt transfers for the first 15 months, followed by a variable APR ranging from 14.99 percent to 24.99 percent after that.

The lack of an annual fee, as well as the ability to transfer miles to qualifying partner hotel and airline programmes, may make the Capital One Venture a more appealing option for casual rewards earners than its beefier peer, the Capital One Venture. This means that awards, which would ordinarily be worth one cent per mile, might be worth far more in this situation. Although there is a lot of small print and minutiae to keep an eye on when it comes to optimising rewards in this manner, the flexibility is something to consider.

Because of its simplicity, VentureOne’s rewards earning may appeal to those who are not interested in the complex systems of rotating capped earning categories that are available with some other credit card options. If you are accepted for a certain version of the credit card, the additional travel advantages, such as no foreign transaction fees, vehicle rental damage coverage, and travel accident insurance, can serve as an additional incentive for both domestic and international travellers.

Although the card is a strong all-around rewards card, it is worth considering not because of its earning rate (which does not compare well with certain no-annual-fee cash back competitors), but rather because of the additional perks it provides. It is possible that the benefits of Capital One will outweigh the slightly better rewards of higher reward-yielding competition for the right customer.

Rewards

Obtaining Benefits

Cardholders will earn 5 miles per dollar spent on hotels and rental vehicles booked through Capital One Travel, as well as 1.25 miles per dollar spent on any other transaction made with the VentureOne card. Miles are accrued automatically. Because there are no caps, there is no need to calculate limits, and prizes are not forfeited as long as the account is active and active.

An introductory incentive of 20,000 miles after spending $500 on purchases within three months of account establishment, which is comparable to $200 in travel, is offered for new cardholders.

Redeeming Rewards

Due to the fact that the VentureOne card is a travel rewards card, redeeming points might be a little more difficult than earning miles. Redeeming miles for prior travel expenditures made with the card, as well as for future travel purchases, is possible at a monetary value of one penny per mile with no minimum requirement.

This card allows you to transfer rewards earned with this card to other Capital One accounts as well as to specific partner loyalty programme accounts. Using a transfer to an account that may value miles or points at a higher cash equivalence can and often is the most effective way to maximise mile to dollar value, but it necessitates investing the necessary time up front to learn the rules and limitations of the transfer programme.

Rewards Potential

It is necessary to assess how much a typical American household would spend on a credit card in order to evaluate the rewards potential of the Capital One VentureOne credit card. Data from numerous government agencies is used by Forbes Advisor to calculate baseline income and expenditure averages across a variety of categories, as well as spending trends over time. We base our expenditures on the income of the 70th percentile of wage-earning households, which earns $100,172 per year on average.

Forbes Advisor believes that the household has $26,410 in costs that may be charged to a credit card in a reasonable amount of time. Earning 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar spent on all other purchases, this household would earn 33,012 Miles in a year, on top of the welcome bonus earned in the first year, if they maintained their current spending habits. When these yearly miles are redeemed for statement credits against travel purchases, the value of these miles is $330.

Other Card Benefits

There are no foreign transaction fees, which means there are no additional costs for purchases made outside of the country.

Insurance coverage for damage caused by accident or theft when renting a car is provided to eligible cardholders when automobile rentals are paid for with the card. Coverage is available with the use of a Visa or Mastercard. For further information, please refer to your cardholder information.

In the event of a travel accident, cardholders who are eligible will automatically obtain travel accident insurance when their card is used to pay airfare. Coverage is available with the use of a Visa or Mastercard. 

  • Receive replacement cards as soon as possible.
  • Purchases made through the Capital One Shopping website have their promotional coupons applied instantly.
  • Miles can be transferred to qualified airline and hotel partner reward programmes for redemption.
  • Receive notifications when your credit report is updated.
  • You get access to the Capital One mobile application and the virtual assistant Eno.
  • Discounts on tickets for sporting events, concerts, and gastronomic experiences are among the perks of membership.
  • If your card is ever lost or stolen, you are protected by a $0 Fraud Liability policy.
  • The ability to restrict the usage of a credit card from a mobile device.
  • The ability to set up automatic payments for bills.
  • APR (annual percentage rate): 14.99 percent – 24.99 percent (Variable)
  • Introductory APR on purchases: 0% APR on purchases for the first 15 months
  • Initiation of 0% APR on balance transfers for the first 15 months of the loan term.

How the Card Compares to the Others?

With a welcome bonus that is cash-equivalently equal to the Chase Freedom Flex and an introductory APR that is somewhat different but still comparable, the VentureOne is a strong competitor to the Chase Freedom Flex in a number of ways. However, the distinctions begin when the process of obtaining rewards begins. The VentureOne’s straightforward rewards model differs significantly from the Freedom Flex’s 5 percent cash back on purchases up to $1,500 in categories that rotate quarterly (requires activation), 5 percent cash back on travel purchased through Chase Ultimate Rewards®, 3 percent cash back on dining and drugstore purchases, and 1 percent cash back on all other purchases.

No annual fee is charged on either card, although the Chase Freedom Flex does charge a percentage of all overseas transactions made with the card. The significant difference in this case is one that each potential cardholder must assess for himself. The VentureOne is a straightforward travel rewards card that is easy to grasp. The Freedom Flex is a complicated cash back card with a lot of things to keep track of, but it may be more lucrative for some people.

Comparison of Discover it Miles vs Capital One VentureOne Rewards Credit Cards

The Discover it Miles card differs significantly from the VentureOne card in a number of important respects. For starters, the Discover it Miles program gives 1.5 miles every dollar spent, but the VentureOne programme only offers 1.25 miles per dollar spent. Secondly, the reward miles earned via the Discover it Miles program can be applied against even the smallest of payments. Third, the reward miles that have been earned are never forfeited.

However, the most significant distinction between these two cards is the welcome bonus. The Discover it® Miles card offers an unlimited match of all miles earned at the conclusion of the first year, allowing you to maximise your earning potential. Depending on how much money a cardholder spends, one card is more likely to come out on top in terms of the welcome bonus than the other.

A 0 percent intro APR on purchases and balance transfers is also available on the Discover it® Miles for the first 15 months after account opening on purchases and balance transfers. After that, a variable annual percentage rate (APR) of 11.99 percent to 22.99 percent is applied.

It is evident that the Discover it® Miles are the clear victor in this quite well-matched comparison, at least for the first year, unless you want to take use of VentureOne’s transfer partners.

In this comparison, the Capital One VentureOne Rewards Credit Card is superior to the Capital One Venture Rewards Credit Card.

Capital One’s business plan appears to entail selling a credit card, such as the Capital One Venture, alongside a similar, somewhat watered-down version, such as the VentureOne, which does not charge an annual fee. We prefer to think of it as a more casual version of the same card, but with a lower spending limit.

The Venture outperforms the VentureOne, which offers 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases. The VentureOne offers 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar spent on every other purchase, whereas the Venture offers 1.25 miles per dollar spent on every other purchase. It also has a greater welcome bonus, but it necessitates higher spending in order to qualify. It does not have a 0% introductory APR, and the normal rate APR is higher, but it does include additional perks, such as reimbursement for up to $100 in Global Entry or TSA PreCheck application costs every four years, which is not available with other credit cards. It effectively provides the same benefits as before, if not more.

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March 10, 2022