Hello everyone. Welcome back to this course on supply chain digitization. This course is jointly being offered by myself, Professor Priyanka Verma, Professor Sushmita Narayana and Professor Debra Pratadas from IIM, Mumbai. We are going to start our discussion in module one and in lecture four. We are going to extend the discussions about fundamentals of supply chain management. If you remember in our last discussions, we had a brief discussion about the differences between the responsive and efficient supply chain and we have seen the different characteristics or the expectations from the customers which can be fulfilled through the types of supply chains that is in terms of their strategy or in terms of their behavior. If you want them to be responsive, how they need to be designed and similarly if you want them to be efficient in terms of cost and so on, how the supply chain needs to be managed. Typically we have also discussed about the different supply chain drivers that is facilities, inventory, transportation, information, sourcing and pricing and their role in making the supply chain to be responsive and to be efficient. This was discussed in detail in our previous sessions and it helps us in understanding the role of all of these drivers in ensuring to fulfill the requirement of the customers depending upon they want a quick supply, they want a quick delivery or they want to get a product in a cost efficient manner. In this session, we are going to focus broadly on different supply chain processes and we will be looking after these processes in detail considering the expectations from these processes, how these processes can be managed and in terms of the expectations by defining the KPIs that should be covered or that should be monitored on a time to time basis to see that these processes are followed in a most efficient and effective manner. When we look into these processes which are majorly involved in any supply chain, we can see this list as follows. This includes processes of planning and forecasting. As you can see from here, the list can includes activities like planning and forecasting, sourcing and procurement, production and manufacturing, inventory management, distribution and logistics and customer services. When we look into these processes, if one thing if you have observed, there is a sequence of activity which needs to be followed in any supply chain and these processes resembles that sequence which has to be done or which is followed in any supply chain. It always starts with the planning and forecasting which in a way helps the companies to decide about the demand that is required to be fulfilled and how the resources can be mapped in order to complete that requirement. Similarly, going to the next stage, we have the sourcing and the procurement act process which takes care of getting the raw materials or the components from the identified suppliers and in the most effective way how this is done. The next step or the next process takes care of converting this raw material components or subcomponents into final product which is later on managed in the inventory management process at different stages in a supply chain. This is further followed by the distribution of these products by the different facilities in a supply chain and all the logistics related decisions which has to be taken up. Finally, once it reaches to the customer, it is important that the customer gets the required services whether it is on getting the product on time or of the required quantity or as per the expectation from the customer side. So we can see that these are the list of processes which are majorly involved in any supply chain and it can be constant or there can be small changes in the list. Also, these processes are being followed by the different members in the supply chain or the different stakeholders in the supply chain which we have discussed previously in our sessions. Going forward, we will be discussing these processes in detail. So let us start our discussion with the first process that is planning and forecasting. When we look into these two terms, the planning and forecasting are quite correlated but there is a very small difference between them that is planning involves taking lot of decisions related to managing your resources based on the forecasting that is done. So forecasting is all about predicting your future requirements, predicting your demands, predicting your marketing sales and so on.  This is a broad difference between the forecasting activities and the planning activities. If we look into the difference into forecasting and planning, let us see it through a small example. In any supply chain, it is important to decide that what are, how are you going to make your product. Now product will have different components, will require different type of raw materials and so on. Many times there is, it is required that how do you take a decision related to the component. Do you want the components to produce it or you want to purchase the final product from the production facility that is we can say it in form of outsourcing facility or the component can be purchased from a supplier which can be later on assembled to make your final products. Of course this decision will depend upon the type of the products which are made. Does it require all raw materials as the input to make the product or does it require a mix of component and raw material to make your final product. So how do you get these raw material and the components is a very important decision and it is taken care through the planning activity. Similarly it is also important that we decide on the role of the facilities that is your, which include your manufacturing facility, which include your details and which also include your warehouses. How they are going to play their roles in a given supply chain network also needs to be planned well in advance. This helps in creating and structuring your overall supply chain network and we can see that how the quantities or the products which are required to be made at this manufacturing sites or stored at these warehouses or sold by these retailers are done. So we can see that this also involves lot of planning over here. In terms of monitoring the performances of all of these facilities or all of the processes it is very important that we look or we keep a check on their productivity. So monitoring the productivity is an important step in ensuring that the planning and forecasting is done in a most effective manner in any supply chains. For this purpose we need to define some KPIs or also called as key performance indicators, which we can see that needs to be monitored on a time to time basis to see that all the processes which are involved with the planning activities are done in a time to time basis in a most effective manner. So KPIs are again important way of ensuring that the process monitoring is done in a most effective way. We can define the for we can define different KPIs for planning and forecasting. Let us have a quick look into the way how the forecasting is done and how we can have different KPIs for managing the results of these forecasting. Let us take a quick look into some of the forecasting approaches which are well known. In order to understand this we will take up a small example over here. Let us imagine that there is a small online sports equipment store which is trying to prepare for its holiday season and it is expecting that is that is there is going to be increase in the bicycle orders. However it is very difficult to make this prediction. So for that purpose they have relied on the historical data and they are going to use this to forecast about their bicycle sales for August 2023. If we know the expected demand it becomes very easy to plan your inventory levels and accordingly plan your resources like your manpower and so on so that they are all used in a most effective way. We have been given with the historical demand data as you can see from here. We have got information related to the demand in the period of May which is around 200. Similarly we have been given with the demand which is in June 2023 it was 180. In July 2023 it was 150. Now as we have got this historical data we have to use this information to predict the demand for the month of August 2023. How do we do this? Obviously there are different methods which can be used for estimating the demand in the period of August 2023. Let us use a very simple method called as simple moving average for forecasting your demand. So what this sports equipment store has done? They have used this method called as simple moving average in order to forecast for this August 2023 sales for the bicycle. Remember as we have been given with 3 month historical data we are going to use 3 month moving average. If we are available with 4 month historical data then we can use 4 month moving average and so on. Let us try to estimate the demand for the upcoming month that is in August 2023. So using a simple moving average we can say that the formula for we can use the month 1 sales data plus month 2 sales data plus month 3 sales data divided by 3 which can be used for estimating or as an estimate of the demand in the period of August 2023. Using this formula as you can see from this equation we have substituted it with the required sales information in the past 3 months and we can say that so if we add 200 plus 180 plus 150 cycles and take an average of these 3 values we get the estimated demand for the period of August 2023 as around 176.67 cycles. Of course it cannot be with decimals so you can round it up. Now looking into this you can see that this will give us an estimate for the August 2023 bicycle sales but this is not required that our future demand is going to be of the same value. So obviously it means that there is going to be a difference with the estimated demand and with the actual demand. So the difference between the estimated demand and the actual demand is referred as errors. In order to measure the performances of the forecasting method we use different KPIs and here we use these errors to estimate that how good our forecasting approaches are. There are different ways of measuring KPIs for forecasting like forecast accuracy, like forecast error or if you are using any forecasting model performance then we have different methods for checking their performances as well. Let us talk little bit about forecast accuracy. For forecast accuracy we often use methods called as MAPE which is actually measuring the average percentage difference between the forecasted value and the actual value. When we look into this interpretation a lower value of MAPE is actually trying to indicate higher forecast accuracy based on the methods that you have selected. Similarly there are different ways of measuring forecast error like MAG mean absolute deviation, MSC mean square error, RMSE root mean square error or BIAS and so on. BIAS often helps us in terms of understanding that whether we are over forecasting or we are under forecasting. So these are depending on that what type of error will suit you to measure your KPIs and depending upon the industry the KPIs can be accordingly selected. Nowadays as we are loaded with data in any industry we often use AI and ML type of approaches for forecasting the demand. In that time or in this method in order to see the performance of the model that has been used for making the estimation we often rely on some of the statistical performance measures like R square. Regression is one of the method which is quite popular for forecasting and in regression R square is one important parameter or important statistical performance measure which is used for capturing the performance of the forecasted model. When we talk about R square it is actually trying to measure the proportion of the variation in actual data which is explained by the forecasting model. A higher value of R square is always a better fit for your data. So it is always important to see that whatever machine learning methods you are using for forecasting if your performance measure includes R square see that you have got a high R square value that confirms that the model that you have selected is good. Now forecasting as we all say is quite essential in this example as you can see that forecasting will help the retailer to accurately predict the bicycle sales and if he knows that what is the bicycle sales that is expected in August 2023 he can very efficiently manage the inventory for the bicycles he can manage for the staffing and marketing initiatives can be planned for the holiday season based on the based on this information of the expected demand. So we can see that these are the ways in which planning and forecasting can be done in any supply chain. Let us pick up the next process the next process is sourcing and procurement. When we talk about sourcing sourcing includes everything about identifying the right suppliers evaluating them selecting them and ensuring that they are able to fulfill your requirement. The goal of sourcing is always on ensuring that there is a reduction in cost followed by this it is important that the suppliers that are selected are diversified because if you have a diversified supplier portfolio it is going to help you in reducing your reliance on a single supplier or on a source which will help later in mitigating different types of risk. Along with that sourcing also see that the quality is followed that the quality parameter is followed by all these suppliers or the vendors associated with the company and as in today's world we keep exploring about more and more new product innovation is something which is expected nowadays from the suppliers also. So with the introduction of the new products in the systems it is expected that the suppliers and vendors do support in providing this innovative products or innovative requirements of the customers are fulfilled. When we talk about procurement procurement is all about obtaining products services as per the company requirement it takes care of end to end process of acquiring goods services or any type of work that is required for the company from the external sources. In terms of the goals of the procurement the goals of the procurement are again ensuring that the cost is controlled whether it is starting from your sourcing till going through the complete process of procurement and reaching out to the last stage which is payment. So we can see that procurement takes care of end to end process starting from acquiring goods or getting your suppliers and getting the products through them and till you make the final payment takes care of procurement activities. They also track and ensures that the flow of goods or services are done in a timely manner and in a most efficient way followed by this one important portfolio of procurement is having a proper risk management system. Now when we talk about risk management as we can see that there are multiple players involved in a supply chain. So obviously the relationships with these players with the suppliers have a critical role managing good relationships with the suppliers to see that the complete procurement process is done as per the company expectation is the role of is a critical role of procurement related activities. The quality of the products should be maintained and the delivery should also be done on time. Finally the compliance is something which is taken care by the procurement related activity. So when we see the difference or when we see the relationship between sourcing and procurement we can make out very clearly that sourcing is a subset of procurement and this encompasses the whole activities or this triggers the activities of procurement from the sourcing side. In terms of measuring the performances of sourcing and procurement activities there are many KPIs but a few have been discussed over here. For sourcing KPIs it is important that the performance of the suppliers are evaluated on a time to time basis. There are many critical parameters which will affect the supplier performances. One of them is the lead time but depending upon the company's requirement the performance expectation from the suppliers can change. Using these different criteria of evaluating the performances of suppliers a supplier performance score can be developed based on which the expectation from the suppliers can be tracked on a time to time basis. If any supplier is not able to fulfill the requirement then it helps the management to decide on it in a timely manner. Similarly for the procurement KPIs there are different type of KPIs which ranges from management of the purchase order or it can be KPIs related to the compliance of contract or payment or invoicing. When it is about management of the purchase order it is all about what is the cycle time of purchase order, what is the accuracy of the purchase order and so on. Coming to the next process which is production and manufacturing. As we all know that in today's time there are lot of technologies which are being introduced in the today's model production systems. These technologies are actually helping us in capturing point to point data and also in terms of tracking the progress of the production activities. This is leading to availability of large amount of data and it becomes an essential requirement that how this data can be analyzed. You can have data for employee and the sale performance. On tracking this data the company can achieve and ensure that they are able to achieve their production goals. Depending upon this data analytics the management can also change the employees schedules or the production levels as and when needed. These are some of the side benefits which are discussed over here related to availability of data and how this data can be used for managing the production and manufacturing effectively. When we see that so much data is available we can use some efficient data analytics techniques to do lot of activities related to production and manufacturing. We can use this data analytics for predictive maintenance, for quality control using SPC and machine learning and machine learning models for doing some root cause analysis or even for monitoring your processes. There are so many ways in which this data can be used or can be analyzed but depends upon the requirements this decision can be taken by the management. When we talk about the KPIs for the production and manufacturing again it depends upon the focus of the production and manufacturing activity. Some of the KPIs that are broadly used in today's time includes OEE that is overall equipment effectiveness, cycle time, throughput, capacity utilization and so on. So we can see that in today's time how with the availability of the data the decision related to production and manufacturing can be taken in a most effective way. So far we have covered three processes. We will be continuing this discussion with the remaining processes in the next lecture. Thank you. Have a nice day.


It's me, Ef. It's, uh, Carlos Salcedo, the Mexican consul called. No, Sam. Well, he will, uh, tell him it's not what we thought it was. To hold everything, I'll get to him as soon as I can. Yes, Sam, you sound so tired. Are you all right? I am, and I'm not. There were too many windmills to chase, too much language I didn't understand, and much too much venganza, which is Spanish for vendetta, which is English for vengeance. In any language, it's dynamite with a short fuse. Then you knew what it was all about all along, Sam. It was revenge. It was, and it wasn't. Oh, I'm afraid I don't understand. What about the girl? Is she all right? She is, and she isn't. I am confused. Exactly par for the course, but don't worry, Ef. It'll straighten out like star spaghetti when I come down to say it with flowers dictating, as I will, my report of fury and ferment on the red amapola caper. Little Poppy. Oh, Sam. Mr. Salcedo. Mr. Salcedo. Mr. Salcedo called. I told him what you told me to tell him. For more, I couldn't ask, Ef. He understood what you meant perfectly. I don't understand a thing. You will. You know, I may have to trade this stuff in for tequila. No messing around there. Straight to the point. A virtue some people might do well to cultivate. Just tell me one thing, Sam. Was it a sour caper? Let's not tarry, Ef, to the point, remember? Pad ready? Pencil poised? Knees crossed? Yes, Sam. Uh, skirt a little bit higher. Oh, is? All right. Date, fill it in. Thank you, Lieutenant Kelsey. Homicide details, San Francisco police. From Samuel Spade, license number 17596. Subject, the red amapola caper. The following is, as you requested, a detailed account of the 31 hours, 16 minutes I spent on the case of Amando Rios and daughter. I trust it will answer all your questions, solve your commissioner problems, and enable you to speedily dispatch your duty as one of the city's finest. May heaven help our city. So come back with me to 3 p.m. yesterday. The approximate time I stepped into my office and saw, standing nervously by the window, a Mexican girl in her early 20s. Her clothes, though neat and clean, were rummage sale specials, which had seen better days. Her bare legs were too thin, her features too drawn. But the midnight color of her hair and the largeness of her eyes told me she could have been beautiful if things had gone another way. I'm glad you have come. I couldn't have waited much longer. Oh, I'm sorry, I didn't know you were here. My name is Andrea Rios. I would like to hire you. But I do not have much money. Well, much money may not be needed, Miss Rios.  Your time, Mr. Spade. You see, if you accept this job, I must have all of your time from now until tomorrow morning. You cannot accept. You must tell me now so I can get someone else. I see. I can only pay $30. I know it's much to ask for $30, but... Ask for more, for less. The job may be difficult for you. You will not be able to sleep. I can make that up on somebody else's time. Then you will help? Yes, I think so. I would like to hear more about it. We will go to my father. You will learn more there. She led me to the nearest streetcar, headed for south of the slot and paid the fare. Twenty minutes later, we were walking through the San Francisco that's left over, where the liquor is cheap and one cigarette is property. The sounds of a jazzed up Spanish song caught my ear and the beer signs turned to Surveza. The building Andrea Rios picked to go into was old enough to give the termites in digestion. The faded sign said La Casa Asul. She knocked on the door of room 12. Andrea. Andrea, papa. The weather-beaten face that stood in the doorway figured to be 60, but the age should have come from concern.  Inside on the table, sat a bottle of high-octane joy juice, that witch hazel with a misnomer, tequila. The lemon and salt stood alongside, on the bed lay a duffel bag with the blocked letters Santa Susana. It's the man, papa. What's his name? Mr. Spade. The detective. My father speaks no English. I see. You have confidence in him. Is he honored? He asks, if you are an honest man. It's a question no man can answer with complete honesty. What have you said, Andrea? What do you know? Nothing, papa. Sit down and have a drink. Tell father I will, but I'd enjoy it more if I knew why I was hired. Yes, of course. To spend the night here, Mr. Spade, with my father, to keep an eye on him all the time. Perfection? No. Well, there must be more to it. We want you to be able to testify to my father's whereabouts this night, if it should become necessary. What's going to happen this night? Something. You want your father in a clear? Yes. Well, that sounds fair enough. That's all there is. I'll have that drink now, if there'll be enough to last...  I yelled so did Andrea. But the gun yelled louder and with more effect. The bullets took Andrea in the side, she looked crazily, then folded in her father's arms. He began to mumble her name and cry. I jumped to the window. Pulling away was a black Buick sedan with driver unidentifiable. So were the license plates. They were covered tightly with a cloth. There was a pro job from beginning to end, and a clean getaway. Well, Andrea was still alive, but not by much. I turned up a phone in the lobby. One nickel got me at the emergency hospital, the other brought me homicide. When I got back to the room, Andrea was still lying there, but she was alone. Amando Rios, her father, had gone. And I thought I knew why. Revenge, huh? Exactly, Lieutenant. I think Rios knows who shot his daughter, because I think the bullets were meant for him, and she got him by mistake. I think, therefore, that Rios has got revenge on his mind.  Yeah, I'll make a note of that. Also, make a note as follows. I, Lieutenant Kelsey, will check the Mexican consulate for background on Rios, because I, Lieutenant Kelsey, believe Rios is a Mexican national. Not so fast. Furthermore, I, Lieutenant Kelsey, will make a close check of all incoming police calls for the rest of the night, because something is going to happen for which Rios wanted an alibi. When I find out what same is, I will graciously inform Sam Spade. Uh, Sam, how do you spell graciously? I went to the offices of several Mexican-language newspapers, told them the story, and asked them to give a place of prominence to the fact that Andrea was alive, asking Amando Rios to go directly to the nearest police station and wait until contacted. I then went to the Maritime Service and queried about the Santa Susana. I was told it was a sport-fishing vessel owned by its captain, J. Mordigan, with offers in the ocean building on the Embarcadero. The nameplate on the Titian-haired secretary's desk said Janice O'Dell. Yes? Could I help you, please? I think so. Is this the office of the Santa Susana? Oh, you're planning a fishing trip. Well, then you've come to the right place. Santa Susana has excellent accommodations, is thoroughly outfitted for an extended cruise in the Bay of California, whereas you know exist some of the greatest fishing waters in the world. And if it's the same thing you miss, I'll do my fishing here. My name is Spade. I'm a private detective. I am trying to locate an Armando Rios. Rios? I said something? You know him? He's got a birth on the Santa Susana. Well, he has... at least he had. What's he done, Mr. Spade? Well, that's what he will do that bothers me. You say he had a birth. Would you explain, please? I... just a moment, Mr. Spade. Captain Mordigan. There's a private detective out here asking about Armando Rios. Rios? Well, send him in, Janice. Come on, move lively. In here, Mr. Spade. Thank you. My name is Mordigan. Captain Mordigan. I skip to the Santa Susana, the finest sport fishing vessel ever to touch salt water. Everybody's got a commercial. Miss Odell says you're asking about Rios. I am. I'm trying to locate. And so am I. I've got steam up and a dozen people waiting. Rios knows those Mexican fishing waters like no one I've met. And where is he? Jump ship, if you ask me.  If the storm's over, Captain, I'd like to ask you a few questions. Where does Rios' room when he's in San Francisco? He stays right on the ship. Did you know he had a daughter? No. And you don't have any idea, I suppose, why Rios jumped ship? It's a woman. That's my guess. It's always a woman. But that is just a guess. All right, Captain, I'll make a small-sized deal with you. If I find Rios, I'll notify you. If you find him first, notify me. I'll leave you my card. Mordigan agreed and I left, pausing only long enough in the front office to give Janice Odell my phone number in case she saw Rios. She gave me her phone number and it was a fair exchange. 20 minutes later, Lieutenant, I was meeting with Carlos Solcido of the Mexican Council's office. A wire he had sent to Mexico City had brought results. So, Mr. Spade, you have not yet found Amanda Rios, but are still desirous of preventing him from consummating his revenge? I fear perhaps you are too late. What information have you got, Mr. Solcido? First, Amanda Rios was arrested in the Mexican state of Sinaloa for the growing of the Red Amapola. You are aware of what that is? Amapola means poppy from the song of the same name. Exactly. The Red Poppy grown for the production of narcotics. The arrest occurred on August 19th, 1946. Rios served three years in the penitentiary as a result, convicted mainly on the testimony of Ernesto Sabado, who Rios claimed, as you say, framed him. Now, look at this. An inquiry from the office of the district attorney of Marine County, California, requesting information about a Mexican national whose dead body was discovered two hours ago, washed ashore at Point Bonito, a Mexican national whose name is... Ernesto Sabado. Precisely. Yeah. And you think perhaps Rios killed Sabado? A distinct possibility, Mr. Spade, since he had motive. Well, that's exactly why I don't think he did it. Rios knew Sabado was going to be killed sometime tonight. That's the reason Andrea hired me, so her father's whereabouts could be accounted for and so he could not be accused. Now, Mr. Salsito, I don't think Rios killed Sabado. Well, I hope you are right. For his sake and for his daughters, who we both hope will get well. The one who killed Sabado is probably the same one who drives a black Buick sedan who took those pot shots at Rios and caught Andrea instead. The same one who Rios has now got a vendetta against. However you say it, it's a sucker's play, but how do you stop him if you can't find him? Thank you, Mr. Salsito. I must admit, Mr. Spade, I do not fully understand your concern over Rios. As a matter of fact, I'm not sure of it myself, but he got a rotten shuffle. I got a night's pay, so I might as well work for it besides a... Well, I'll let you know what develops. The next four hours, dear Lieutenant, were spent in questioning the following. A, two members of the crew of the Santa Susana. B, assorted residents of La Casa Asu. C, Inspector Gruber of the Marin County DA's office assigned a Sabado case. Some total of information garnered concerning the whereabouts of Armando Rios and or the identity of the gunman he was after. Zero. I was tired, I was depressed, I had a headache. Five minutes to eleven, a coin of mine dropped into a pay phone and a booth by a gas station closed for the night. The intention was to find out if you had turned up anything and to ask how Andrea was, but you never got to hear my honeyed voice. Hang it up, Spade. It was a voice that wasn't familiar. The 45 with silence are affixed, however, was. It didn't take me long to start perspiring. Leave the nickel, Spade, you won't need it. Good evening, I've been wondering about you. I'll bet you have.  What's that mean? You're nearsighted. You're not the wrong person back at La Casa Asu.  I don't like you, Spade. I don't know you, but I don't like you anyway. Guess I'll kill you, so I'll never have to take a chance of knowing it. Now, come on, step out, gumshoe. He urged me out of the phone booth, up the street a few paces to the head of an alley with a blind end. There he parked himself in a fire plug. I wished him all sorts of bad luck and he told me to start walking into the alley. Mine was small choice, but as I moved away from the gunzle toward the alley's end, my eyes searched for means of escape. All right, Spade. That's far enough. Now I'm gonna pick your eyes out. Turn around. I stood frozen for a moment, then spun and looked. The gunzle had pitched onto the sidewalk, but the 45 was still in his hand. I moved up to him slowly with a maximum of caution and took a closer look. He was as dead as he could get. A knife in his back had done the job. That's when I looked up the street and saw a figure in fast retreat.  It looked very much like the venganza of Amando Rios was accomplished. You arrived at the scene of the crime, Lieutenant, where you took over in your own masterly way. By the adroit maneuver of looking into the dead man's wallet, you uncovered the fact that he was a Los Angeles import named Max Rapper. You then examined the knife in his back and discovered, as I had previously, the initials A-R for Amando Rios cut into the handle. That plus the fact that I and other witness had seen Amando Rios flee the scene, made it open and shut. Rios was now wanted for murder. When we got to your office, a message had been received by Sergeant Paul House from Dr. Pennington of General Hospital. It said, one, Andrea Rios was going to live. Two, she wanted to see Sam Spade. Was it all right? You had no objection, but I had a problem. What to say to her? Could I say it was nice? She was going to get well and, oh, by the way, your father just killed Max Rapper and the state will do likewise to him or what? My mind still hadn't lived on anything it liked when Pennington walked me down the hospital corridor toward her room. She's a lucky girl, Mr. Spade. Could have gone the other way. Yeah, would have been unlucky. Oh, wait outside. Don't stay too long. The jet black of her hair gave contrast of the whiteness of the room. Her face had lost much of its color, but none of the anxiety had gone out of her eyes. We talked chit-chat for a while. It was easy to see. She had a question she wanted to ask, but had trouble getting it out. Finally it came. Mr. Spade, have you heard... I mean, is there any news of the death of a man called Ernesto Savaro? Yes, the police found his body washed ashore some hours ago. My father is not killing him. No, he's clear on that. I can testify. Oh, that is what I was worrying about. Now, Mr. Spade, I can tell you what you do not know about my father and Ernesto Savaro. I already know. Carlos Salcedo, the Mexican consul, told me. The red amapolo? Yeah. Oh, it was an unfortunate affair for a great many people, Mr. Spade. Buyers from the United States came to Sinaloa. With money, the peasants were lured into growing the poppy. Many knew no better. Many did not know what it was for. They knew simply to grow the red flower, brought more money than to grow food. When the police came, they suffered. The buyers were nowhere to be found. Anyway, it's all right now. My father did not kill Ernesto Savaro. No, Lieutenant, she did not learn about Max Rapper's killing for me. Now that her father was now a fugitive wanted for murder. I also did not ask her some questions I could have asked. Like, how did she know Zabata was going to be killed? Did Rapper do it? And why? Somehow, it did not matter. It had turned sour all the way down the line. And besides, Zabata was Inspector Gruber's problem, not mine. Twenty minutes later, I walked into my apartment, uncorked a live one and started at the top. Four fingers down, the phone began to ring, but I didn't pay any attention. The sky was just beginning to light up with morning, and I remember saying to myself, I was still technically on the Rio's case, but actually, there was no case to be on. When I couldn't stand the phone rings any longer, I looked at the receiver off the hook. Sam? Sam? Hello? Sam, this is Janice Adele. I just saw Rios. Well, uh...  Mortigan? Why Mortigan? He went to the Santa Susana after him. Pier 32. Rios is wild. Stop him, Sam. Why call me? Call a cop. Hello? Hello? Twelve minutes later, I was moving through the early fog of the waterfront looking for the Santa Susana. Black letters and a bobbing white bow led me to it, but no signs of life came from aboard ship. A quick tour had me believing it was deserted and that either Rios had caught up with Mortigan someplace else for what reason I didn't know but could guess, or that Janice had given me wrong information. Moments later, however, in the boiler room, it was clear she hadn't. The furnace was open, coals were spread on the floor, and so was a dead Captain Mortigan. Slouched in a chair with his eyes closed and the days was a one-out of Mando Rios. He should have been. He'd had a busy night. Rios? Se muereo. Ah, wake up, Rios. Se muereo. El capitán se muereo, señor Spanish. In any language, he's dead, if that's what you mean. You couldn't be any clearer. Es el hombre. Es su culpa que Andrea fue tirado. Ahora está muerto y no he obtenido la venganza. Venganza, too much venganza. You fixed it fine. Andrea's going to feel swell about it. Oh, what's the use? Come on, Rios. Hello. Hello. What's down there? Kelsey? Ah. What are you doing here? Got a call from a girl named Belle or something. Odell. Oh, yeah, yeah. Is this Rios? What have you got to say for yourself? You ready to sign a statement? He doesn't understand you, Kelsey. Oh, dummying up, huh? He doesn't speak English. Well, he won't get off that easily. We'll sweat it out of him. No lo hice. No lo matéo, capitán. Yeah? That's what they all say. Well, look at this. He's carrying a gun. Gun? Why would he use a knife if he had a gun? Don't ask me. I don't speak Spanish. There was all this coal doing on the floor. It's messy. Looks bad in photographs. Yeah, well, wait a minute. Lieutenant, you've done it again. I picked up a lump of the coal. There was a small hole bored into the center. Examination of others revealed the same thing. Curious, you'd say? Not so when you start thinking about one, the red armapola, two, the fact that Zabato's killing still remain unexplained, and three, and bingo, narcotic smuggling. A phone book gave me an address on Jackson and a wrap on a door got me a quick reply. Oh, Sam. Good morning, Janice. I didn't wake you up, did I? Well... If so, you must sleep in your clothes, and that suitcase on the bed must make it kind of cramped. What are you doing here, Sam? Uh-huh. Heavy, all packed. Is this going on a little vacation for a few days? Where to? Well, I... About a plane ticket on the dresser? Hmm, Las Vegas. Hot there this time of the year. Of course, it's hot here, too, for some of us. What do you want? I want you to open your suitcase. I won't do it. Then I will. Sam, don't do it. Ah. Well, what's this, Janice? No, I've already guessed. How much worth? Zabato was killed by a rapper on Captain Mortigan's orders because he knew this was coming in on the Santa Susanna and probably wanted a cut to keep his mouth shut. Rapper and Mortigan got theirs, not by Rios, but by you. So you could fall out of this. Poor old Rios, old and wanted. He might have muffed his revenge, so you took no chances. Did them in yourself with Rios, a nice, fat, convenient pigeon. Sam. But the police are gonna find it harder and harder to get a case against Rios, and easier and easier to get one against you. These narcotics in your possession will go a long way. Sam, listen to me. Just as long as I've got a gun in my hand, I'll listen to you, baby. There's over $100,000 worth here. And I know where to unload it. Mm-hmm. And what's in it for me? Half. And something else. Yeah? Me. Uh-huh. That would seem to be worth considering, wouldn't it? Sam, a chance to make something out of yourself and rub around for a few lousy bucks all your life? Gonna turn me over to the cops? Not just any old cop, Janice. I want something befitting your character. I'm going to turn you over to Lieutenant Kelsey. And that, Lieutenant, brings you up to date. Uh, period. End of report. Awful girl. We'll talk about it later, F. Later, later.  Can we talk about it now? We can. How could that girl have thought for one single moment she could turn a man like you into her accomplice? Very poor judgment. To sell dope yet? Yes. Do I look the type? I should say not. You're upstanding in clean cuts. Well, thank you. Maybe she was nearsighted, too. Anyway, I'm glad it's over and that a happy ending. Well, I'm glad if you're glad. Now, rush that over to Kelsey so he can look good in the eyes of the commissioner. Then phone Mr. Salsito and tell him the Lieutenant's got all the facts. And one thing more. Yes, Sam. I have the floor sent a bouquet of flowers to Andrea at the hospital. Oh, Sam, that's very nice of you. Think so? One thing's still more.  Sam! Easy, Ed. How do you know it's not coming out of your salary? That's true, too. Good night, Sam. Good night, sweetheart.


Hello everybody welcome to the Saturday live stream this I have to tell you just like the thumbnail title suggest is probably the craziest story That I've ever heard and I'm gonna go in reverse for a second before I bring on the special guest But it really comes down to this This is the last piece. We're gonna talk about there is this Fund called OPNX and it'll probably go meme and this is from a telegram group And essentially we're talking about the craziness that is the crypto market and all gets tied into three arrows capital the people that actually essentially made the actual Bankruptcies happen and now they're profiting from it and it just goes down this rabbit hole So to help me make sense of this and talk about meme coins and of course the Solana ecosystem as well I've got a friend and we haven't talked for quite some time and thankfully he came back on and his mic the investor Rob and what is up man? Thanks for having me, dude. It's can't believe it's really been like two years man. Like wow We yeah, yeah, we did this in 2021 where things were just about to go crazy, right? Yeah, and you know, I remember it was me you and James from invest answers and we were talking about I think Maybe probably Solana. I'm gonna guess because it was it was James. Yeah But but we were all talking about the same thing about how we thought it was gonna do pretty well We didn't know how big but man, those were remember those days. Oh, yeah, I remember I remember man And now look at Solana and then I remember Going into Solana kind of when we first met and I was talking about it around 28 to 30 bucks back You know in 2021 before it went up to as 200 you was like I Wasn't sure and then when things started moving you was like Yeah, Solana was definitely the one and so it's just nice to see things things come back full circle Yeah, well, that's a great segue So so coming full circle because Mike because you've been I've been following on X And I know you've been following the Solano ecosystem but not like that but the meme coin and the trajectory of where things are going so I Needed to bring you on so you could explain the meme coin debauchery that is going on and how people can kind of Find those things but before we get into that just as a reminder everybody There's a link in the description and you can find Mike from a plethora of different places My two favorite of course are our x which I am on borderline addiction on that that darn site And then also on youtube where you can find all all of Mike's big plays Solana gems More more gems and of course the nfts and of course the meme coin space So let's jump into this story because I was showing Mike before everybody got here, but this this is This is insane and I and I think it's a testament to just how crazy Investors are and I'm not going to say that it's just regimented to the crypto and digital asset investor I think all investors are gamblers in some way shape or form. Here's what we got. Oh, yeah well like how When do you see it out there like like do you see that there's a lot of rational actors or do you think it's just people going numbers go up I think it's a little bit of both, but I think it's more so of people saying numbers go up Right and I think we see that based off of the stories we hear the comments We see on youtube on twitter about hey, I got dumped on or hey I lost all my money and I think that comes from a testament of people just kind of buying into hype instead of Having a strategy and I think that's kind of where a lot of it comes from and it's Hype can move mountains Hype can move markets and we saw that in the meme coins and we're going to see this right now in this ridiculous story so Three arrows capital if you're not familiar with three arrows capital Uh, these are the gentlemen that were apparently Not apparently they were they were behind essentially the trust me bro loan That was given out by voyager as they did a 640 million dollar on collateralized loan They also had a lot of shady things that were happening on behind with with ftx and they had their hands on a lot of different projects Which essentially is what I believe Was the first domino to fall when we had the last bear market as everything collapsed Ftx being one of them celcius being another block fi and of course voyager So this story it's going to lay it all out So opnx which I had had totally forgotten about Founder uh, suzu says the shutdown comes because ftx estate claims reached recovery This doesn't make any sense. But here we go opnx is an exchange for trading of bankruptcy claims So again three arrows capital the people that caused the bankruptcy Open up an exchange That you could trade these different assets for bankruptcy claims beautiful Set up by the founders of three arrows capital is closing because the bankruptcy process of failed crypto exchange ftx has reached recovery And in case you're wondering Ftx just announced us a couple of days ago. There's a full recovery of customer assets And that's good, but it's based on the point of ftx's actual bankruptcy timeframe So I know people like i'm getting on my bitcoin back. I'm getting all my ethereum back Well, no, I mean you are But essentially you're getting at the price of where it was back then which was roughly 20,500 Which is on the time of the ftx collapse and if we take a look if we See one that will have Yeah, that was half man That was half Of course they of course they can't do it now because they there's no way that they could put everybody back So so it's a right around in the very beginning of November But hey look on the bright side at least it wasn't here at 15 7 so Agreed Yeah, no, it's it's true. I mean Look, I think everybody's here in the right place the right time Especially with what we're about to go for the for the next having so I mean me and me and mike We've lived through this stuff before so it's just gonna happen again. Yeah Anyhow to finish this up the zero the the ox community Which I guess is Again the opnx We'll be focusing on ox.fund now and wish to congratulate the ftx estate holders on their full recovery zoo said in a statement On telegram opnx and just as a little history refresher opnx Struggled again a foothold their volume peaked at 624 thousand After it had a much hyped launch less than two dollars of trades were executed in its first 24 hours So I guess there were some people that were that were wise to the whole situation and just to expand on that The telegram group this was actually reported on by decrypt People are still refusing to sell And one of the one the opnx investors said what's the chances these guys can fail again It's almost statistically impossible The opnx will probably go mean That's interesting and before we dive all the way into this I want to ask something you just said how you said people are still refusing to sell now Do you think for a lot of people it's easier to hold than it is to sell?   I just want to take some profits You know, so I think that was kind of baked in I think people are kind of getting over that But yeah, it's man. It's super I feel like it's super easy to Buy the dips to dollar cost average to let it go in the background and not really worry too much about the the selling because Hey, if it went up if it did a 10x Maybe it could do a 50x right right And if it does a 50x then maybe they can do a hundred x and it's just it's just Yep, yep, and I agree. I agree with everything you say you can see some of the chat also saying I'm great at holding definitely easier to hold for sure. I agree man. I It is because it's like soon as you get ready to sell it's like Do I really want to sell this what if what if you know what I mean? You always have that what if moment Mm-hmm. Well, so let's get into it about the what ifs and and what's going on everything else Mike you put out some pretty great content Especially and I'm not I'm not up to it as much as I should but you talked about some Solana Of course in the ecosystem some different parts and of course you were big on the meme coins I think one of the latest uh on your x account I actually you said hey, what meme coin should I should I get into and I was doing my role? Yeah, I was doing a my role giveaway. So I was like, hey, look at the viral a little bit too, man Like I know you really don't talk about meme coins either like that.  Oh, no, I will say like this to preface this Mike The only reason I was talking about because I was given in a way right and Here's what happened in the last seven days. Look at this chart. Yeah, I saw dude. I saw man I mean the community still really strong Despite the dump, which is a good sign. I feel like but um, I was never I'm happy for everyone that got into my room happy for people that made money on my role I was never one that advocated for never dislike it. I think my role did great things for Solana Could it come back? I'm not sure. You know, it's one of those things and um Crypto you just never really know. I think the community is strong enough for to rebound But again, you know, it has to Make that test, you know, and after coming back, I think the all-time high was what 170 million something like that for the market cap Yeah, I think 170 million. So now it's down to what's that 50 million or something like that give or take For the market cap. Let me see. Yeah, pull it up here real quick. We'll see what uh, let me uh I'll put it so about 51 million according to dex tools All right, which I mean is still If we're just going off a market cap despite the dip, we're just still a A medium high market cap, you know meme coin, right? Oh, yeah It's but let's see. So that so that's just it like like Mike when you're taking a look Let me get this out of here when you're taking a look at these different meme coins Or these different projects like what do you how are you? Discerning like which ones are going to be a hit and which one's just kind of kind of sucking Is it is it mostly just like the is it like when we take a look at the the market cap Let me take a look at the community or just something else to it One, I mean, I would say this There's no way to a hundred percent. No There's no way Right, you you take a chance out there and you can do the most research you want in the world and still Sometimes be wrong at the end of the day because you can't control what founders projects, you know can't control what they do, right? However, when it comes to looking for a project with good potential number one We always look for a community right because we know Even with utility coins if that utility coin or token does not have a strong community Where does it go? Right, so you have to have that community. So number one is community Okay, most informals then number two Is the meme relatable? Is it catchy? Is it catching on? Is people talking about it? Right and a good way to see that is going on x x is a great way to see Who's talking about this thing? Right, then you want to then if you're thinking about investing. Okay. What is the market cap? How many holders does it have? When did it launch? Right and and these things everyone has different A different process when it comes to it but the first thing I look at of course is Community do they have potential connections? Is anybody in the meme coin space? Higher up following them right more. You know what I mean? Those things matter You know what I'm saying? And so when it comes to being early You really have to have a higher risk tolerance when it comes to meme coins because let me let's just be real Most of them pump and go to zero So if you don't have that mindset when investing in meme coins, you will lose a lot of money Right mean most meme coins aren't your utility coins to hold for long term Right. It's to get in and get out. So you have to be Mindful and to be honest It took me a little bit to understand this until I fully dove all the way into meme coins like hard last of 2023 Going into this year And uh because I always bought memes like I made some good money on sheave last bull run and stuff like that But like she'd but to really understand like these things move fast, right and even know Doge and she were still the top two dogs by market cap The last 30 to 60 days what meme coins have been talked about not doge or sheb really it's been every You know new meme on the block, right? That's true So you have to be mindful and kind of understand right? I do think there is some meme coins to hold Going into the bull run, but a lot of these that are popping up You know, you may want to be careful I think so. Okay. So let's let's do this. I know I broke down a lot So let's let's let's let's let's unpack some of that. So let's just say Like give me, uh, is there any meme coin that that you're looking at right now? You're like, this one looks pretty good or you're kind of like, I don't really have too many going on So I would say this before I just throw out some names Anyone that follows me know I stand behind four main meme coins. All right, right? And and none of this is financial advice do what you will with this Snack which everyone if you're a cardano lover, you know what snack is Right. I have some snack. I have some snack beautiful and I caught that one early I got in I think like 15 million market cap Oh, yeah, make some good money still holds snack though Samo And I tell Samo. What's that? I never heard of that. Are you kidding me, dude? I have not I don't know these things This is why I rely on you Mike to come on the show and and and give us the alpha I have no idea what this is Samo, okay. Oh man. So Samo is the first original Solana meme Original Solana meme. So it it's been around since 2021 Really Yes, so wow look at that. Oh, yeah. So it's one of those projects that Dude All I'm gonna say this if you're watching this not financial advice And rob you can go to the receipts on my videos You can look at the tweets and see when I was talking about this thing If people would have just listened and bought when I said You could have got a million tokens for around 2,900 to 3,500 It's now 10 grand to get that same million tokens. Dang Right So it's a lot of followers. So so what I'm but they've been look how long they've been here though, man Yeah, it's true experience some of the books. So this is one of those projects So when people say bonk was the first it actually wasn't samo was the first non-derivative meme coin Look at the look at the total supply of it Okay, total supply max supply certain. So pretty much almost it's almost fully diluted and you saw only 4.7 billion Do you see that 40? Yeah, and the other portion of that. I believe is burned Okay, okay So I will say this if you can afford it Get a million tokens and thank me later Okay, I'm high as 25 cents in my opinion And if you and you can go to the video, which is why I'm saying it because I've already said this I believe It hits 40 cents or higher The community believes is going to a dollar Me I see because of the because of the bag I have I won't hold it that long. I don't need to however I'm just telling you See, this is why see this is why Mike is your guy Mike is your guy if you like to do risk if you like to say You know what? I got 25 bucks. I can throw away that 25 bucks is gone. I'm gonna it's gonna disappear I'm gonna throw it in there maybe a hundred bucks whatever you're gonna do But it is gambling everybody, but I got to tell you these are the fun times These are the fun times right now. I know people say, ah You know these before we go on these meme coins is ridiculous Hey, I just want to remind everybody of this Like dogecoin is the original original meme coin, right? And some will make it some won't as I as I and people on the show have have I've shown this many times But I don't know about you but some of these meme coins have been have Stood it to the test of time like again, I don't know Samuel was out there But but there it is dogecoin has been the top 31 crypto for a decade. It was a fork a lot lucky coin Which is a fork of litecoin which is a fork of bitcoin and I just I went by like in 2015 It was ninth 2016 it was six 14 29th and 2019 it was 24th 2020 it was 31 Okay, you got me on that one 26 it was On no in 2021. It was ranked number 26 and went all the way up in 2022 12 2023 January Number eight, and I don't know it's probably like it's still in the top 15. I'm pretty sure So, I mean look, yeah, I feel number 10 right now 20 of the coin market So like if we yeah, if we just look at that and go, okay Okay, I don't know about a dollar I can I mean 40 cents Mike. I'm gonna tell you it's a stretch. It's a stretch for me But I'm just saying like maybe like 20 cents. Let's say 20 cents. Let's be let's be conservative Say 20 cents for a meme coin From today. That's a 20 x That's a 20 x Let me do some quick math here. If you put a thousand dollars in a 2x though from the current all-time high puts it around 40 something cents I know it I know and I'm not saying it can do that, but I'm just for those people that say, hey, what is a prediction? That's my cap That's a good cap. Okay. You see what I'm saying? That's my cap I'm not saying it can do but that's where I see it the cap could be Perfect. So Mike before you start to talk about the other two Let's I'm gonna ask you this because we and it was a great question About hey, is it harder to buy or is it harder to sell? I was harder to sell. How would you set that up for the sell? For that because I don't think you're gonna wait till it gets to 40 cents. Definitely not dude. Heck no, right? How do you do it? I mean for me and this time around I made mistake holding some crypto last cycle Everything is being sold this cycle for me. I'm not telling anyone else to do that But I'm keeping no prisoners. So when I hit Close to my targets, I'm selling my whole pot Whole top so like So would you like let's say Okay, you think it's gonna go 40 cents and you know, Mike, you got I probably won't hold it to that though You know what I mean? Like yeah, when I say I That's the cap a lot of people will hold you to that But what I try to tell people is Depending on where the market is how the market's moving how fast is hitting these milestones Will depend on if it can even get to 40 cents, right? And this is why we have to adjust along the way But if you at least don't have a price target, you would never sell, right? Just because I say I think it could get around 40 cents doesn't mean you just sit there. I'm holding till this no For example, let's say somebody has a million tokens, right? And they don't have six figures put up at all Let's say Samo his 10 cents, right? You now have six figures because every 10 cents is is a hundred thousand with a million tokens So why would you risk? A why would you risk a 2x to try to get the 20 cents when you don't even have a hundred thousand yet, right? So this is the mindset that people need to have when coming into crypto Does that make sense? Oh, yeah, it makes total sense I I think like like to me if I think about it like if I okay, let's just say I'm you know, I'm like, okay, Mike's right 40 cents. Bam So I think to myself, okay, I'm gonna put a thousand dollars in once it hits to a dime or maybe I sell like 0. 09 somewhere on there and I sell 40 percent 30 percent Well, now I'm in the profit now now. I'm just playing with the house money, right? Right And then maybe when it gets to like 19 20 21 cents I sell another 30 percent or something like that I ladder in and I ladder out and then if I if I miss it Let's say it gets to 36 cents. It doesn't hit that 40. Hey, I sold at 10 or nine I sold at 20 21 and maybe I sold it like 29 32 somewhere around there and I'm good And then I got I got a little bag for the next bull run. Maybe something like that Yeah, and and I think that's a great great way to put it too Because I think there's a lot of people like that as well Rob kind of like yourself or maybe they don't want to sell all of it Maybe they want to just do it in ladder steps and I think whatever works for that individual Go for it. But I'm just telling you what Mike is going to do Yeah, and Mike how much how many coins does Mike have on this one? Man, I let's just say man I I have over a million and I leave it at that. That's okay. That's pretty good So perfect. So that was uh, let me bring this up And I got in when I was telling people to get in around the you know Under the half of penny mark nice, so that was Samo just called Samo Some of you had coin so that's one some white coins some more excuse me some more So let's say Sam away. Listen to me. So let's say that you okay. So there's So first you were talking about snack Actually, let's take a look at snack. How is that done? That's the big cardano play. Yeah so great man, it's I got a question too now that we're talking about snack because I know you're super big on cardano You know one of the things I heard Regarding snack. They said they were worried about cardano because of One of the largest tokens on cardano is snack and it's a mean now Of course, it has utility with the energy drink and things of that nature But it started as a mean and so what are your thoughts when people say Well, the largest token on cardano is a mean Like what's your what's your thoughts on that man? Because I did think it was an interesting statement when people said You know say that it is you know what it is an interesting statement When I take a look at it cardano has always been the slowest has Does anybody Want to debate that topic? It's always been the slowest And I'm not putting it down and people of course the counter argument is well, of course It's slow because they go through the research they go through the academic papers They go through the academia of why they want to do it And then they're very careful so nothing breaks like what luna could have you know did essentially and everything collapse on their On their stable coin putting everything, you know different parts in the bitcoin. So I get that but it's slow and with with that There's a lot of like projects that I think are coming in but right now Things are moving so slow in cardano. It is a very very Long-term block me Yeah, and and then people will say well, there's this going on this going on cornucopia is coming up, which is a great game I gotta say those guys are doing a great job But for you can take a look at some other projects out there and let's just let's just call it state of state They're growing They're getting more sponsorships. They're getting more people and of course people will say but those aren't decentralized rob They're not decentralized as much as cardano is and I get the argument. I understand But I'm just saying that at some point They might have to speed up just a little bit Because if not, they will get left in the dust And it'll be a big problem for them and that's what now having said that I was on uh being being crypto yesterday on one of their twitter spaces and we talked about ethereum About how it's been lagging and someone pointed out that you know, it lags every time in this same fashion over the four-year cycles So when they have this this new Uh eip coming in daynuck I've got the the term of it But guy from coin bureau even talked about how they're supposed to be like increasing The the tps Decreasing the latency and also being able to drop the fees exponentially like by a hundred acts or something like that Because when that happens and it'll it'll do pretty well, but again, here's the problem and mike, you know this You use a dex on solana How fast is that? Extremely fast. How cheap is that?  You don't have to pay a lot in fees And how many times yeah, and how many times has it has it shut down you? Since the since It hasn't shut down a whole year the last year man like exactly like we've been fine the jupiter Came out which was the big test and now look fine. Yeah, it's been I think it now It's 340 days since the last slowdown or shut down of where you want to call it I get everybody's You know recommendations and and disputes. That's why I try to diversify so mike to answer your question It's concerning. I think a little bit and there's there's project is growing. There's projects there But look at the total value that's locked up Look at how much the volume has actually been done and you can kind of see that there are some there's trouble of a foot Does that mean it can't come back? No, does that mean I don't hold cordon? No, I own cordon so It's uh Just i'm gonna be aware of that man. I respect that answer. I was just curious man because To a degree I got in snag early and I do hold cardano honestly those are the only two assets I hold in that ecosystem is eta and snag and I didn't really think about it like that until I heard the statement and they were like, you know Snack is a meme coin and it's basically one of the large. I said, I know it's one of the largest But I didn't really think about it from that Scope of lens and I said that's interesting Mm-hmm. It's it's something to be to definitely take a look at.  Do you use tap tools at all? Yeah, okay. Well, I think That's not because that's not my out of my history So this is basically. Oh, yeah. Yeah. Yeah. Okay. Yeah, this is the cardano ecosystem for all of the tokens for people That don't know and you can see snag is the third largest token in the ecosystem And that one time it was the largest it had flipped Wmt in a gix You know, and I always you know, like like mickey walkins and a group over there with worldmold token That is a great project and they're doing they're doing great things So, uh, I mean on that one looking good for them Ajax Ajax, I I mean, it's an ai play. It'll probably do pretty well and of course, uh Ken and his group over there at meld. There's there's copi. That's that's a pretty good one But I know that meld is is multi-platform. It's not just on cardano. I believe it's also on avax And uh, and also like I think may I actually have its own? L1 so it's it's multi and that's another thing. It's a it's a multi-chain Uh project, so I mean you can count it here, but if it's even in the multi chain, it's number four Yeah, it is what it is. All right, but yeah good one Tap tools. All right, Mike. So we we went over that Let's take a look at The other stuff. So we've got snack we had Samoy Talked about sheba. Yeah, we talked about she we talked about doge Let me ask you this before we get to some others. What are your thoughts on flokey and baby doge? You know, I don't have an opinion on these two. Why why did you why did you even ask me that question, Mike? What did you think of flokey man? I got you for this So I have no opinion. Okay. That's why that's why I'm asking the expert. Okay. What do you know expert, man? No expert, but uh So the other the so so I said there's four main that I'm personally holding going into the bull But I think can do very well. Could I be wrong? Absolutely, but I do think they can do very well, which I said Samo Bolts and monk I know you even you you have posted a lot of that Bolts is Wow, 890. Okay Is this what's the story behind this one? It's somebody's dog, right? No No, I always see it's like, uh, it's like an ai generated Dog, I think or maybe that's bolt Yeah, vote inu and there's another vote out there But vote is just it's it's just a kind of like a a wolf dog But it's no it's not it's not no dog by you know, it's not taking Like some celebrities dog or anything. I think those type of tokens have a Low cap anyway in my opinion, but gotcha. Well, this one so it looks like this one's already almost fully diluted As far as it's lost in the bear market in 2021. So it has not seen a bull market Oh really? No Interesting. Let's take a look here constantly built. You know what? Let me see if I can I got a tweet I'm gonna send you which would give us just a brief overview of what they've accomplished since december 2021 till now Okay Looks like it's going okay in last 27 days one month three month Look at this spike Yeah, the all-time high I believe Is It's over a hundred. I think 140 150. I think a million market cap and that's In a bear market Yeah Yep. Yep. Yep. So like like with this one looks like it's in the years the year see 20 token Yeah, yeah, but it's also on polygon and binance smart chain. Okay all the same all the same, uh, all the same, um Uh Contract address, right? So you don't have to worry about anything crazy. Okay so Samoy volt snack She's up to you on x. Uh, right. Okay Was this in the messages or just you just uh, yeah in the messages. Yep. I just sent you a dm Okay, tweet So as we're going to that so what's the I'll find that real quick So what's the next one the next one is and this is now we're getting even more riskier But this one is mung, which I'm sure a lot of people heard of mung M-o-n-g, you know, I didn't but okay, but so mung came out around pepe M-o-n-g. Yep. Oh, it must be down Oh, yeah, it's like a Six seven million market cap. What? Yeah This mung coin. Yeah, this one. Yeah, holy smokes All right, wow, look at that Let's see it's it must be relatively i'm gonna guess No, not that Yeah, it came out around pepe. So it came out. I believe april of last year Like this one is super risky. I wouldn't touch this. Oh, yeah Super but but this is so I that was nice that that was that was nice you to uh, Lead us down this rabbit hole to not show us this one first And show us ones that you're like, okay get this one. You're like and then you drop this one on us and then there's this one That's crazy, okay, so if I had to do this again I like now what about flokey? I know you mentioned that one uh Not really I mean I don't know Snack, I like snack. I still hold it I do like that Okay, and then samoy The first as you call it the first solana meme coin Non derivative. Yeah, it was on derivative. Look at this That one's really something I'll look into and also if everybody's kind of like, where do I get this? First of all, I'm pretty sure you can get on the dex's orca or jup, right? Yup jup or radium Radium that's another one. Yeah Um, if you're looking for like anything we just talked about and I'll put a link in the description for all these these different tokens But if you click on markets, you can find out where this stuff all is. However Yeah orca. Did you get any jup? Not that I think of because I know you use solana dex's. Did you get any jup to play? I'm missing this Yeah, because it was on no because you had to use it before november 23rd 28 one goes to and I had just gotten into Orca I was using orca and orc and rome's like, well, I don't need to use jupiter because it works And then uh, like I started using in like, I don't know December january something like that and I just missed it, but it's okay I bought a little a bit of a jup on that day and we'll see how if it takes off or not But I did get the wind there drop. So it's pretty happy about that That's nice. Yeah, I didn't get the wind, but I did get a get the jup Um, and it was it was pretty nice, man. It was pretty nice as you can probably imagine Yeah, I bet it was how much how much was that worth for your airdrop because I I'm sure Let's just say like one wallet. I'm sure you use multiple wallets Yeah, so I had seven wallets that I was able to claim jup I had one massive one and and I made a tweet. I didn't realize that I utilized jupiter on these other wallets I was like, dang. I actually have more jup I can claim. So I went and claimed it and It was a nice amount. It wasn't six figures or nothing like that, but Let's just say I sold it. Yeah, which was smart because you're supposed to do that You're supposed to sell a little bit and take take off the table. Yes. Great job So this is the one you just sent me about voltino Yeah, the story kind of gives you kind of like an overview of you know, what they've done since their, you know, existence Oh, wow Let me retweet this risky play But interesting Nice picture. All right. Well, Mike, you said a ton and only 30 minutes So any uh before we get into like the little q&a you got time to stick around for q&a you got to go Yeah, no, let's do okay But uh any last words of wisdom for the people who are because no one here's a tourist yet We're not in that that sector or that time frame. Thank god But uh any words of wisdom for the people who've been in the class of 2021? um Because we did cover like a lot of other stuff. We did we did Even though it's been said before one thing I've learned in the crypto space sometimes people need to hear it again and that is As we're talking about these meme coins, please understand the risk That goes into Meme coins crypto in general is risky as we saw with some of the Top cryptos and things unexpected things happen So imagine what meme coins can do and make sure you don't have all of your capital into these meme coins Right and the thing about it is sometimes you don't need a lot of capital to make a lot of money with them, right? So just Be mindful There's always going to be new opportunity that comes so if you miss something don't kick yourself There's always going to be another opportunity in crypto to make money If you're one of those people that's like locked in and always looking to get into something new There's always going to be an opportunity to make money. However, you have to Sell you have to sell and I will say this and this is what I've done Have your main blue chip cryptos have your risky plays But have your main blue chip cryptos that you know you're holding going into this peak of the bull run And once you have those solidified then it makes it a little bit easier to kind of dabble into what's coming up What's new and that's what I will say. That's a pretty good way to say it. You know what? it's The last thing and then we'll get in the q&a is all to say this is It's a good point. You know, Mike just said first of all, it's risky. It's essentially gambling Let's just be aware of that and don't worry if you if you miss the bus It's like the part like I lived in vegas for two years. It's like a party bus He missed the first party bus. Don't worry. There's one coming around the corner every 30 minutes So don't don't start chasing candles.  However, having said that yes This would be my portfolio right now And I have when we talk with this majority Vast vast vast vast vast as bitcoin we can see right here. It's over 70% And of course the aetherium is so old near cardano abax blah blah blah and then 67 other ones out there But it's very small because I've been around forever It seems like Mike and Mike in a test of this he's probably got a bunch of dust and is different while it's as well, so just This was just a fun episode. Nobody freak out. It was I got a question, man Do you plan on moving link up in your portfolio? you know I was on uh, I know because I because I already have a plan and the plan is in place until the next blow off top So what I set right now for my dollar cost average everything goes off without a hitch on coinbase I play for I pay for this this service called coinbase one It's like 19 bucks a month if you pay for the full year It gives you at the $10,000 for versus transaction fees and I don't charge anything anyhow So like with that these these DCAs that I have they just go off. It's bitcoin. It's aetherium. It's solana It's you know chain link it could be every day It could be every other day and it's different parts of the time and it just kind of goes and goes and goes and goes And that's what I feel like it's okay for the allocation So even though like I mean chain link looks great and we're looking at real world assets fantastic I was again, we're talking about being cryptic yesterday and they were saying, you know what? Um, not only is it an oracle. I wish everybody knows it But it's also acting like a layer zero especially for real world assets And that's what they need to move or zip around these these rwa's across the globe So I think that I'm like, maybe I should get you know, maybe I should sell my house and get into it. I'm like, what? No That's not my plan my plan's already been in place when I was when I was still in cold sober and I got it. So yeah Yeah, but I still hold link man. I think link is gonna be great. I think it's gonna do well This is one thing I do want to say though because I always like to look at both coins I think the biggest weakness to link ever and I don't know if or when we will see it But the biggest weakness I can ever see to chain link Is and I'm a big advocate for chain link. I like it a lot. I hold a lot of it Yeah, the biggest weakness I can see to chain link is If block chains start creating Their own oracle inside of it where they don't need chain link Right. Yeah, that's the only biggest threat in my opinion. So if and when that happens You know what I mean? Why would you not hold chain link? You know what I mean, right? Why would you not and things are going to change? So but yeah, why not? So All right, buddy So that was as much information as we can pack into roughly 40 minutes We had to take off take off But if you leave, you know consider First of all consider going to Mike's channel over on x and youtube and following over there And on your way out just hit the like and go and then go from there But now that concludes the the news portion and Mike dropping all that alpha