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Patriot Prime Reviews is a channel for adult collectors and may not be suitable for children under 13 years of age. Viewer discretion is advised. Hey, what's going on guys? Patriot Prime here once again with another video. But before I get started with the subject of this video, I want to give a huge shout out to my sponsor toyhacks.com. Toyhacks is a company that provides upgrade decals for modern transformer figures along with reproduction decals for the vintage ones. While visiting Toyhacks, make sure and check out the Toyhacks Armory to see their line of Transformers weaponry in multiple collars. And toy stages for awesome display backdrops. Each purchase from Toyhacks earns you Robocents that you can use for future purchases. You can check your balance anytime in your cart. Toyhacks is a company run by collectors for collectors. So make sure and check out toyhacks.com and tell them Patriot Prime sent you. Now on to the review. The featured button in this video is Transformers Shattered Glass Gold Bug. Now Gold Bug here is yet another reuse of the Earthrise Cliffjumper mold with a new head. And he really looks cool. So I had to pick this guy up. I'm really liking what the Shattered Glass Autobots look like. I just really dig that new evil color scheme. So let's take a quick look at the packaging. We got Transformers Shattered Glass Gold Bug there in Robot Mode.  We got some fantastic artwork of Gold Bug here on the site. Back of the box Gold Bug in Robot Mode and Vehicle Mode. This side of the box more great artwork. And I really dig the unique look of these boxes. Now Gold Bug here came from Hasbro Pulse which came with the exclusive comic. And unlike Blur, this comic is sealed in plastic with a light cardboard backing to help protect it. So much better than the Blur comic which was just bouncing around. So now without further ado, let's get this bug out of the box and check him out. And welcome to Patriot Prime Reviews. Now once you get Gold Bug all opened up and out of the packaging you'll see he does come with a sheet of instructions that as usual are very well illustrated and easy to follow. But by now you should know how to transform this guy. He also comes with all the pieces to his bazooka which all of this mold comes with. But in this packaging all the pieces are separate. So you can put those together however you choose. We'll just go for the bazooka right now. Get that all attached with a little bipod here. So there you go. Now I do like the blue tip on the bazooka this time. Usually they're just a solid collar like you see here with these examples. But with Gold Bug you get that nice blue tip. And of course you have Gold Bug himself. Now as I said in my intro, Gold Bug here is a repaint of Earthrise Cliffjumper with a brand new head sculpt. Just like Generation Select's Hubcap and Generation Select's Bug Bite and Buzzworthy Bumblebee Bumblebee. And I guess you could count Netflix Bumblebee as well even though it's not the same exact mold. Now taking a closer look at Gold Bug himself and that new head sculpt. The head sculpt looks fantastic and very much like Generation 1 Gold Bug. Great paint applications with the blue helmet, the red eyes and the silver mouth. But what I don't get is the blue. Why did they color the head blue? The only other blue on the figure is there for the windows which I don't like at all. They're a light blue translucent plastic that you can see the neck hinge through or the neck joint. And I think that looks terrible. I'm really hoping that toy hacks can fix that up. Taking a look at Buzzworthy Bumblebee here. The same thing you got the translucent window that shows all the innards. But with that yellow neck joint on Gold Bug it really really stands out. He does have nice gold accents there on the shoulders. Kind of yellow gold hands. And down here on the feet is some great paint applications with the gold pinstriping, bumper, lights and the air intake right there. None of the other versions of this mold had that many paint applications. But we'll see that more in vehicle mode. He also has a purple Autobot logo right there on the chest. So the figure looks really really good. I just, I wish he had more gold. I would have much rather preferred the blue head be gold. I mean his name is Gold Bug. I understand it's shattered glass, but he needs more gold. Hopefully toy hacks will give him some decals. Kind of like they did Generation Select's Bug Bite to maybe give him some gold tribal designs. So that is pretty much it for Gold Bug in Robot Mode. Not going over the articulation because you've seen the articulation before in all the various other versions of this toy. So now let's take a look at Gold Bug in Vehicle Mode. In Vehicle Mode Shattered Glass Gold Bug looks really good. I like the paint applications on this vehicle. Lots of gold pinstriping that you saw in Robot Mode. Along with gold here up on the hood. Gold there for the lights. The bumper. There for the rims on the back with the spoiler and the back bumper. It looks really really good. But once again the blue is a big detractor. I guess you got this painted blue here that just does not blend in with the translucent blue for the rest of the windows. Plus you can see on the inside. Not a big fan of translucent plastic.   Well my hate boner is raging for this figure because I think that looks terrible. It just doesn't blend in good with the painted window here on the back. Now if the rest of the windows were painted the same color I think that would look a lot better. But enough complaining about the windows. Rest of the vehicle looks really really good. I dig it. Lots more gold in Vehicle Mode than Robot Mode. I'm going to bring in Buzzworthy Bumblebee so we can take a look at the comparisons between the two. Now the Buzzworthy figure is the one I don't have any toy hacks on. So easier to compare these figures straight out of the package. Lots of extra paint details on Goldbug here. Now notice though with Buzzworthy with the black windows it blends in better with the black painted window on the rear. So windows look good on that one not so much here. But still not a bad looking Vehicle Mode at all aside from the windows. So there you go Goldbug in Vehicle Mode. And now for some quick size comparisons here is Shattered Glass Goldbug with Generation 1 Goldbug. War for Cybertron Netflix Bumblebee and I'm really really hoping that we'll get a Generation Selects Goldbug. Just take Shattered Goldbug's head and put it on the Netflix Bumblebee body, color in gold and there you go. Shattered Glass Blur and Shattered Glass Optimus Prime. Transformers Shattered Glass Goldbug is a pretty awesome little figure to add to your Shattered Glass collection. As I've said earlier I love the Shattered Glass Autobots. I just like their color schemes so much better than the Decepticons. Granted Goldbug's color scheme leaves a little bit to be desired. I'm not a huge fan of the blue helmet and I despise the blue tinted windows. They just really take a lot from this figure and I really hope Toyhacks gives us a decal set that really improves this guy like they've done with the other versions of this mold. Still I like this mold, I like the fact that we finally have a Goldbug after all these years and I really hope that we get a proper Autobot Goldbug. So there you go guys. Transformers Shattered Glass Goldbug. So does a Shattered Glass Goldbug belong in your collection? Well if you have the other Shattered Glass Autobots absolutely this is a decent enough figure. I mean he looks good. He's going to look good with the rest of your Shattered Glass Bots. He does have his faults though. Robot Mode, I like it but there's not enough Gold. And of course I'm not going to harp on the translucent windows again. Vehicle Mode, I like the looks of Vehicle Mode with all the gold accents and pinstriping but then again you got that translucent windows. Now I'm really really hoping that Toyhacks will come out with a set to vastly improve this guy. I can almost guarantee that they will so I can't wait to see what they can do with this Goldbug figure. And that being said how cool is it to finally get a Goldbug figure. Now guys if you enjoyed the video don't forget to like, don't forget to subscribe, and don't forget to click that bell icon to get notified when I upload new videos. Also if you're in any position to help out the channel I offer channel memberships here on YouTube and I get to give a huge shout out to all my current channel members. It's support like yours that help this channel keep growing. Once again guys this is Patriot Prime signing out. Also if you want to know how long it takes me to do a video compare my facial hair at the intro to now.


Thank you, good morning. Okay, first of all, I'm not gonna use any slides because I just want to talk a little bit about three things today. First is what is government got to do with digital and artificial intelligence? Two is the importance that the ecosystem plays in the government technology as you move forward. And third thing is talk a little bit about your intelligent assistance and artificial intelligence. Okay, just to set the record straight, I've not been a career civil servant. In fact, I've only joined the public sector about three years ago, two and a half years ago. I spent the last 20 years in the private sector so government is very new to me. I came because I was asked to make some changes. When I first joined about two and a half years ago, the first thing I realized was that after about 15 years of outsourcing, the government has zero internal capabilities. It was a scary thing, right? When I walked in there, I realized that we don't build anything. Everybody calls themselves a technologist but actually don't know much about technology because in most of the time when you outsource everything, you outsource capabilities. And we thought that was not possible because if you really want to move into the digital age and to become more relevant, we need to build internal capabilities. And so that was the first thing we did. I walk around the organization. I managed to find about seven people that were doing a lot of scum works. People who were doing their own development, doing small projects, gathered them together. I had a chat with them and they were really afraid because they were thinking that I'm going to shut them down. But instead I told them, you know something, you guys will form the colonel of government digital services. And from that point onwards, we built this organization called Hive at the St. Croller, the one that the Lucas building in One North. We got a space there. I took the seven guys. We built the team to about 40 people and started delivering projects, right? From very simple things like building apps to now building real agile systems for the government. Today we got about 150 people there, all the way from agile practitioners, data scientists, UX, apps infrastructure people. So all of a sudden, we got from literally zero to where we are today, which is building very core digital capabilities within government. And you know, funny thing was that most people thought it was not possible in the beginning, but that's happening. So that's a good thing. The second thing we realized is that, you know, the ecosystem and the community is very important. So one thing we realized very quickly is that most of the time, the way government think of solving problems is that we will build a platform, we will build a system and then life goes on. So when we started creating the ecosystem, we created based on three dimensions. The first dimension is how do you get citizens to participate to solve problems for Singapore? And the first project we did on that, on this concept of what we call digital kampong, I mean, okay, for many of you who are not Singaporeans, kampong is a community, right? You know, the funny thing about the modern living that we have today is that 30, 40 years ago, communities were very important. We don't live in high-rise housings, we live in little communities and everybody helps everybody else. But the funny thing is that as you become more developed, as you build nice condominiums, et cetera, nobody knows anybody. You might be living closer together, density has gone up, but the reality is that actually nobody cares, right? You walk past probably a few thousand people every day and nobody really cares about whether you're alive or dead. So we said, how do we bring people together to work together to solve social problems, simple things for example.  These are the guys that you call when you have an emergency. You call 9.95, they dispatch ambulance to help you. So they were lamenting that actually it's very hard to get an ambulance to a patient in time. Why? Because their service level agreement is about 10 minutes. That means if the ambulance arrives more than 10 minutes, chances of the person dying is actually very high. Because if you have a cardiac arrest and you don't have the attention within a short period of time, chances that you will not survive. So they started adding more ambulances and they started distributing the ambulances across the island to give you a so-called a faster response time. But the funny thing is that despite everything, they still could not meet the service level. Why? Because of traffic, right? Getting somewhere in 10 minutes is not easy. So you know two of our guys and myself were having coffee and we said you know something they might be a better way to do this. Buying more ambulances and getting more paramedics out there to solve your problems. So we built a very simple app and this is where you know three young guys in their 20s sitting down there building an app solve a very important problem. The app that they built was called My Responder. And why is it My Responder? Because it's a crowdsourcing app for lifesavers.  And if an emergency situation happened within a 400 meter radius, you will get a notification on your phone and you can choose to respond. Now it's a very simple idea. The app was built in about four months, didn't cost us much money to build it. And all of a sudden today as we speak right now, I think we've got 14,000 volunteers after about only about less than two years. And what happens is that these volunteers have now saved many lives. Right? Very simple.  So this is a very different way of looking at government. It's not all about government producing more, providing more ambulances. It's really about our ability to get people together, build a community. And this concept was initially debunked. Everybody told us it's not going to work because nobody's going to volunteer. But today that's not true because we've got about 13,000 to 14,000 volunteers today. So it can be done. And the power of a digital community is a lot more than most people could anticipate, actually. So this is about building one part of the digital community. The second part we did was also to build an ecosystem of people like yourself. In the past, the government always spent time buying only from the very big companies, the IBMs and the HPs of the world. And we realized that actually this may not be the best thing forward. So we created this open concept called Enolip. What it does is that it's a very simple idea again. It's a matchmaking service. Every month, we get the agencies to come up with their problems.  Everybody has five minutes to present a problem. So for example, one session could be on the digital assistance and artificial intelligence, for example. So we get like 20 agencies, they come up and say, these are my use cases. Everybody got five minutes to present their problems. Then the participants from the startups and SMEs will spend also five minutes presenting their solution. After that's over, we have a coffee break. They're going to look for each other. They have a speed dating service. You find the person that's most attractive to you in a sense. So you'll find that it's actually very interesting because of this matching process, we were actually able to do a lot of QoC pilots and actually went live with many projects. These projects are not huge projects, but you know something, it allows the community to come, participate and help solve problems. And we also in that process help grow the smaller companies instead of just focusing on the big, large multinationals that we are so used to. So this is the second part about building the ecosystem. The third part goes very much into what we are talking about here, open source. Last year, the digital services team in Hive started this portal called GavPy. GavPy is a concept that we've been working with the US for a little while. You know, there's this organization called 18F in the US. And we work together, we said, sometimes we don't have to build all the applications ourselves.  And people like yourself can do a reverse auction, come into it, do the code and we'll buy it from you. And we don't have to go through a horrible procurement process in government because these are all small purchases basically. But what it does is that we are now tapping on a huge open source community to help us build the codes for government. So it doesn't have to be something that we do ourselves all the time. And this has worked well. We want to push it a lot further. We want to make the limit higher because I think today the limit is about five grand, five thousand. Our intention is to push it to up to $20,000 actually for each person to come in and do the reverse auction. So again, the whole idea that we are pushing forward is about building communities. It's not about us doing everything ourselves. And I think this open way of doing things has changed the way the government reacted to many things. Because in the past, everything was done internally or is outsourced to a massive vendor. So last two years, things have changed a lot. So I see a humongous future for the open source community. I see a lot of opportunities in terms of how individuals or small groups of people can contribute to the government. The last thing I want to talk about is this topic on machine learning and personal assistance. We started this about two and a half years ago again when I first came on. We realised that actually a lot of the work of government is answering questions on policies and on, you know, basically FAQ stuff, you know, you call a call centre up, somebody's going to answer the question. And we find it to be very, very ineffective. And it's not good use of human resources. So we started looking to create an intelligent personal assistant, a digital assistant. And like everything else, we went to two ends, right? The high end way of doing it was that a bunch of people in government was very enamoured with Watson from IBM. So they brought in IBM, brought Watson in, and Watson wanted a whole bunch of money to even do a proof of concept.  Let's try something different. So we spoke to a bunch of start-ups, and we got a small company to come in. I'm not going to mention the name, but it's a very, very small company. They came in, and they did a proof of concept with us, and they implemented in two agencies in three months. And each of the implementation causes $20,000. So that's basically what it's all about, right? Watson wanted to charge us $5 million to do that. And after one year of Watson, we had done nothing. But these companies, one small company came in, two agencies in three months each $20,000. Now, I think that's what's all about today, right? It's not about getting to a big company and life is good. That's not about that. It's about getting the best solution for the purpose. We started very simply with an intelligent FAQ system, as I said, that cost $20,000. Today, it's natural language processing. Today, we're injecting more intelligence into the platform. We're working with Microsoft. We're working with AWS on Lex. We're working with Google on TensorFlow, etc. So that's how we build. We start something small. We incubate that thing. We add intelligence to it. And most of these things that we're doing are open source. I mean, Amazon came to us and say, hey, try the Lex API. Let's make it happen together. And sure, we are not partial to any particular vendor. In fact, if it's open source, it's even easier for us because it becomes easier for us to develop over time. So the AI journey or the personal assistant journey for government has started that way. We have a really small company. The only problem that small company is that after they got successful, we had a problem. We got 35 agencies clamoring and said, I want this too. And the owner of this company came to me and said, you know something, I got a problem. I said, why? I've only got 12 staff. How can I do all these things? So this is a challenge, which I think as a government, we're also keen to help out. How do we make this small company scale up and be successful? And I think the future is in this area, right? It's not just about buying from a big company, but getting a small company, giving them the opportunity, making them successful, and then helping them scale up. And I think, you know, with that, you'll find that the open source community has a lot of work and has a humongous contribution to the way the government can work in a future. So with that, thank you very much. I hope you enjoy the rest of the day. Thank you.


All right, welcome back. It's time for us to take a look at our very first hot topic, governments policies and how they affect climate change companies. I have been joined, we have been joined by Mr. Frank Eliana, technology and media news editor as business day. Hello, Frank. Yeah, good morning and it's also a pleasure joining you. Yes, you're welcome, Frank. I think the best place to start is to find out what Nigeria's policy, the government's policy is on climate change today. Okay, so in 2021, Nigeria actually came up with a policy on climate change which essentially tries to align with the global best practices on climate change and also to help companies rearrange or say, re-strategize their policies towards becoming more responsive and more responsible with climate change. And of course, there are various arguments to support the move by the Nigerian government if you've seen the incidence of a flooding that we have experienced in recent times across the country. Several places have been submerged by rain and you have the incidence of droughts in many places. So there is a need for us to start talking about the climate change in the country. But where are we now in that move? It is not enough to come up with a policy. How would you describe the implementation of that policy so far? Well, it has been off and on, as with all things Nigeria. We haven't quite gotten the implementation part very well. But be that as it may, I'm an advocate for moderation. I feel that when we come to the climate change discussion, there's a need for us also to consider the fact that we have the developmental challenges. There's a lot that Nigeria has yet to achieve. And to achieve some of these developmental challenges or to solve them, you would need more than just being a compliant country to climate change. You probably will need some fossil fuels to make that happen. We know that the developed world has had their day. They've used fossil fuels to develop themselves. And currently, if I may, countries like China, the United States, Japan, UK, and several others are actually among the top 10. In fact, if I could go through the top five, China, for instance, emits 10.065 billion tons of CO2. The United States emits about 5.4 billion tons of CO2. India, 2.6. Russia, 1.7. Japan, 1.1. And guess how much Nigeria emits? Nigeria emits 126 million tons of CO2. So if we're talking about the top 10, Nigeria is not even on that table and not on that discussion. So it is often very important for us to try to balance it to say, yeah, we're going to try to be compliant. But to some extent, we still need to do a lot with fossil fuel. It's something that you cannot just avoid. We don't have electricity, constant electricity. And if you want to achieve that, if you want to bring in energy, you can't do that just by depending on solar energy. You can't do that just by depending on the wind and also hydrogen, because these things have challenges. There are points where you get to your solar power failure. So you have to revert back to your grid power. So if you have issues around mobility transportation, we can't just say let's go to electricity cars or electric cars, because currently they're very expensive in the market. And the income levels of the average Nigerian out there is not up to par to actually start acquiring electric cars. So there needs to be a balance with what we have and where we want to get to. I also know that these climate change discussion is very attractive at the moment because of the phones that come with it. So you see Nigerian leaders go abroad and make a lot of promises and then come back home and do the other thing that they didn't promise. So I feel that yes, we need to start aligning, but then also we need to also start also consider the fact that there will be an extent to which we can go to to pursue the climate change policies. Well, climate change discussion has dominated discourse across the globe. And it's something that serious is of serious concern to almost anyone living on Earth today. Eco-anxiety is a thing among so many people, maybe not in Nigeria, but in other parts of the world. Eco-anxiety is a thing. Canada is presently experiencing heat wave as some other countries have experienced from time to time. And Nigeria here, you've alluded to the flooding that we experienced not long ago. However, as much as we want to see these things happen, you know, policies that would encourage climate change companies to thrive, we also will not be oblivious to the fact that politics will have something to do with it at some point. Because governments being supported by fossil fuel industries may have a bit of challenge or, you know, a bit of challenge in making policies that would affect business, in quotes as it were, right? Yes. So absolutely, you're very supportive. I mean, you can't deny the fact that we make a lot of money from our oil, all right? Saudi Arabia makes a lot of money from its oil as well. And some of these countries, where you have Venezuela, you have Iran, even the United States currently is among the top oil producers in the world. So everyone needs the oil revenue that they generate, you know, and that's also where it is a tricky balance for many countries also, including Nigeria. You can't wish away, you can't wish away the importance of climate change, yes, but then also you can't also forget the fact that you need to develop, you need to come up to some level with these other countries that have already arrived, you know, we're not at the same level with the United States, we're not at the same level with Canada. I'm talking about the heatwave, they've been expressing heatwave for a very, very long time, it's not the first time they're going to express this, maybe it has increased, maybe other natural disasters have also increased, you know, but then we can't wish away the fact that they have arrived at some point where they need to now start thinking about we need to do this for ourselves, but for us here in Nigeria it needs to, we need to contextualize and ask ourselves what's really important to us, you know, and talking about flooding also, we can also remove the fact that some of our leaders have been very irresponsible in the way they handle flooding. Name-mates for instance have been issuing notices telling people this is when flooding is going to happen, but then you don't have this responsiveness from the government to say this is the action we're going to take. Many governments don't even have a plan of how they want to address flooding, there are issues around how do you build your roads, how do you people construct your sewage, how do you do your drainage, some roads don't have drainage, some roads are done without it, so a lot of things run, you know, and then even some, some states don't even have roads, in some places you don't have roads and when flooding comes those are just easy parts for flooding to take over, so when we start constructing things or building things the way they're supposed to build, the way they're supposed to be built in the first instance, then we can now start talking about okay so we have built it but we are still experiencing flooding, what else can we do, you know, and perhaps also this is also the best time for us to now start considering when we are building roads how can we make it sustainable, how can we make it compliant to some of the climate change standards that are coming out, you know, but we can't remove the fact that we need to develop our communities, we need to give people a sense of belonging in terms of the kind of infrastructure that we put out there, you know, so we need these things like yesterday, we need light, we need more roads, we need several things, you know, but flooding is it going to stop, I don't think flooding is ever going to stop but I think we can reduce it by just taking proactive measures, governors can start taking proactive measures and with little things like alerting the people, building shelters for them so that when flooding happens you can take them to those shelters later on you can bring them back, you know, so issues around housing, we haven't even gotten our housing problems correct so those things need to be addressed and we then know how we can take it from there, climate change is important, yes, but for us in Nigeria we need to contextualize what is the most priority for us at the moment. This priority is because climate change, when we're talking about climate change, the people of Nigeria seem not to be catching on, they don't like Moritz said that maybe not in Nigeria because we in Nigeria we don't think really much about it, we still fell our trees, we still burn bushes, we still do a lot of things, we even roast our goats and cows with tires and all that so are we really taking it seriously, what do we need to do, what do we need to change? I think two things is education, we just need for more education but then you can't really blame people who are still doing some of the things that you talked about because if you're hungry you won't be thinking about climate change really, if you can put food on your table for your children, I don't think climate change will be the biggest issue that you have, many people are still doing subsistence agriculture, it is like one of the largest mode of generating food in Nigeria so until we come to the point where people do their first priority, their first instinct is not to survive, I don't think we'll make that progress where people start connecting the dots and start thinking about how do we secure our environment, how do we not dispose waste, that's where they're not supposed to be disposed, how do we ensure that we maximize the water that we have and how do we ensure that our lands, that we plant things, you know so all of those things are important, yes but first of all can we address hunger, can we address poverty? If you ask me I think poverty is like one of the major causes of climate change because a lot of people are having to cut down trees because they need to use it for fire, look at what is happening with the world price, so what you have ultimately done is for some people they can't cook or they can't move around, they need alternatives to bring food to their table so they need now maybe to go and burn wood, they need to do some things you know so those are issues that people are facing currently so once we can address poverty, once we can address food security then when you bring an education to somebody and say listen you need to do something about how you're cutting down these trees, the person can start listening but at this moment when they are looking for food on the table, when they are looking to take their children to school, when they are looking to just find a job you know it's going to be difficult but education is important but the most important thing to do right now is to fix poverty, to fix hunger. All right one of the things that one begins to also wonder about is how climate change companies are helping to fight against climate change in the country? Yes it's important for them you know to do that not only because it's attractive it makes you look attractive to investors, it's also sustainable in the future that we are entering where the rest of the world is talking about it so to come to a point where if people want to look at your books and they'll be checking whether you are sustainable, whether your climate change compliant but then we also have to look at the peculiarities of the environment where they have to play, they're playing in an environment that does seem to not care enough about these things you know and that seems to be rent seeking, that seems to collect from them more than it wants to give back you know so it's going to be difficult for them to balance it even if they make an investment it's like companies, I've seen companies who go about planting trees, they declare okay we want to plant hundreds of 1000 trees and at the end of the day nobody is there to maintain those trees, nobody is there to water them and those projects don't see the light of day so there needs to be first of all a culture that we want to do this and everybody's on board, everybody has a buying of everyone in the country that's a mindset that the environment is important that's a mindset that we want to we want to help nature flower not to destroy it you know you want to have that kind of mindset whatever you tell companies right now and even if they go ahead and implement it to not be effective it's what we're only making effective that everybody has a buying it's not just the companies alone but the government also needs to be seen to be doing the same thing you know we do have ministry of environment one begins to wonder how effective these ministries are yes it is an important question that you ask actually in the past we have seen how some of these ministers are appointed some of them are appointed because they helped to make the election happen and the president just rewarded them by giving them those portfolios so we end up not getting technocrats we end up not getting the right people for these jobs so when they come in they just do whatever it is that they feel like that is what they're supposed to do and they leave you know so we don't make enough progress as we shoot you know what when we start prioritizing the quality team that should be in positions of authority then we start having these discussions properly but at the moment I don't think anything is going to change if if somebody who is a doctor or somebody who studied economics or somebody who studied the one one course somewhere is made the minister of environment you know if you want this to happen then you need to go for look for the professional whose job who has had experience in this in this environment who knows what is all about and who can articulate a vision for it that's the only time you start making progress and it is a no-brainer it is why we see the cpm for instance playing the rule of their Greek minister playing the rule of the minister of finance playing because these ministers most of these ministers come in and they just do nothing they just sit down there collect their salaries or whatever kickbacks that they get you know so once we start prioritizing the quality team that we have in government then we can start making progress well I guess we'll just keep our fingers crossed and see if this new president is going to change the narrative and give us people who know the job as against the people who come and learn on the job as we've seen of late with the last administration the minister of education the minister of interior even the minister of state for whatever Festos had also said that which your copilot was he had no reason to exist in the first place so let's wait and say Frank we want to see change hopefully we have renewed hope we've been given renewed hope agenda so we hope that would use new renewed hope agenda will give us a new Nigeria because that's really what we need we want to see meritocracy enthroned and all this nonsense that we've seen played out would change for good Frank Eliana technology and media news editor at business day has been our guest as we took a look at government policies and how it affects climate change companies in the country thank you so much Frank thank you Marius and thank you for having me all right so it's still the breakfast on plus TV Africa we'll take a short break now and come back with our second hot topic stay with us


everybody. Jeff Frick here with the Q. We are in the Palo Alto studio for a Q conversation. We have a special friend he comes by all the time to give us updates and and we got a special update today with some new announcements. So first off welcome Noam Shendar, the COO of Cezar. Great to see you. You too. Thank you. You brought along Bill Zinski, the VP SSD Planning and Marketing for Intel. Welcome Bill. Thank you. Good morning. So big news. Let's just jump right into it. Noam, tell us the big news. Sure. We're super excited that we've formed a strategic relationship with Intel, which puts together our innovative market leading software defined storage for enterprise storage as a service, wrapped around a number of building blocks from Intel. In fact, putting all of the hardware building blocks that we use into a single integrated package from Intel, including the SSDs for nonvolatile memory, including the servers themselves, including networking components and, of course, the Intel processors. So let's back up a couple steps. You guys have been at this a while. You've been doing software defined storage on other people's hardware for a while. Correct. What's different now? Why now and why change your strategy and then more specifically, why Intel? It's a it's a process of evolution. So we are growing very rapidly are the quarter that just ended Q3 2016 has been another record quarter for us. And as we scale, we need to get more efficient and we need to rely on hardware providers who have bigger scale, bigger reach and more functional components. So our our evolution, our growth has forced us to go look for really credible partners and Intel's at the top of that heat. And as you said, Intel known obviously for microprocessors bill, but you guys do a lot more than microprocessors for people that know a little bit more about the company. So it sounds like this this partner is a partnership, the right word. You know, partnership is always a tricky one, right? At least we're not here. The agreement. They're not here in its lives again, anything about it. The you guys really have kind of the whole the whole slew from the microprocessor all the way through to complete system. Yeah, I think what's changed a little bit obviously we're known for our CPUs and data center and client and and embedded stuff. But in this case, we've been able to work with Zadar and actually provide them like a complete solution, right? So not just the CPU, not just the networking card, not just the SSD, but also the motherboard solution that all the components come together in and really allow them to go focus on what they're great at and we can focus and provide them great hardware. And then in the nature of the of the agreement is it is is kind of an OEM relationship where this is kind of packaged up within the the the Dara service, but just happens to be running on a bunch of Intel hardware. Exactly. So we've always provided a complete solution to our customers. That's that's the convenience is a key advantage that we have. And so in this case, yes, we're taking the Intel components and we're wrapping them together into the complete offering, which is the the service and the appliance, right, coming together. Intel is doing a lot of the integration behind the scenes, which is an advantage for us. We are logistics are complex. So the more that we can simplify the better for us and the faster we can serve our customers. Right. And just to recap, you have both an on-prem solution, as well as cloud solution, correct? So your your customers can choose to deploy it to Dara kind of wherever it makes the most sense for them. Exactly. In fact, we're unique in the literal meaning of that word. No one else is providing exactly the same storage, both on-premises and in public clouds. Most companies focus on one or the other. And even those that straddle the gap between cloud and on-premise, they offer different solutions to develop one for here and one for there. We offer exactly the same thing with the same Intel hardware with the same software defined storage that we've developed, the same service, the same price, and the same service level agreement. All right. So, Bill, from your perspective, why are you excited about this? What is this kind of new and different from the Intel? I think there's a couple things. One, working with Dara, we're hoping to really allow them to scale their business because it is very innovative from a software defined storage standpoint, where if it's on-prem or in the cloud, the customer can make that decision actually on the fly, right? They can move things back and forth and figure out what works best for them. And we think that's really going to help enterprises move to these new usage models and these new capabilities in a very flexible way. And so we're excited about that, right? Upgrading the infrastructure from enterprise to cloud. The other piece, from my own perspective of being in the SSD part of the business is part of their new services were moving from traditional hard drives to SSD-based services for the same level of pricing. So they're giving customers a lot more benefit and value for essentially the same price. So we think that's exciting as well. And that will help kind of showcase the value of moving to solid-state storage and the benefit of the data center. Right. So you're involved with SSD all the time. And we've really been watching the adoption of SSD grow, right? And where before it was predominantly really high-value applications, really the latency applications, what people continue to discover is there's all kind of second-order impacts when you put in these faster SSDs and replace the spinning drives. I wonder if you could share some stories of just some general use cases of how much impact going from spinning disk to SSD can have on specific applications, business cases, et cetera. Yeah, sure. I'd say that it's kind of in a few areas, right? One is density, right? You can just get more storage in the equivalent area. So that helps maybe at the high level to think about how it really reduces OPEX in the data center, right? You get higher density. You get better reliability. You get lower power and a huge increase in performance. So all that allows you to lower your OPEX bill, making it just more efficient. And that's why you're seeing a huge adoption starting kind of in the cloud and then moving into the traditional enterprise. It's just a huge value for them. And I can jump in with a real-world example. It's from a previous life, a company I used to work for served Walmart. And Walmart, with the help of my former company, switched from a hard drive-based solution for their analytics to SSDs. And what that did is it allowed them to finish the task of figuring out which trucks go where sooner. So rather than, let's say, finishing at five in the morning, you finished at three in the morning. That meant fewer trucks because the trucks had more time to drive around, so they didn't need to dispatch as many in order to restock all the shelves. That's a great example of practical applications. The other one, Bill, which you're not directly involved with, but obviously is growing importance in Intel is the data center business, right? Sure, of course. Depending on if you ask Michael Dell or other people what's going on with PCs, but it's certainly not the New York growth that it had for years and years and years. But the data center is growing, right? As more and more stuff moves to data center-based applications, whether that be in a cloud or a private data center. So again, the impact of this within that business at Intel. Yeah, a couple of things. At the high level, we talk about the virtuous cycle of growth that we think is really going to drive the industry for the next decade. And the idea is that all of these devices get connected, be it a car, be it the PC that you have today or your phone. These things are generating more and more data. Jet engines, cars generate terabytes of data that get moved up into the cloud. That drives cloud growth. It allows you to get scale and efficiency, optimize algorithms, and then improve the devices which leads to more devices. So we think this is going to lead to kind of this cycle of growth through all these connected platforms. And we see that absolutely happening in the data center and that's just going to continue to drive us forward. And we think things like what Zidara is doing is going to help facilitate to more cloud-based storage as a service usage models, which will further help accelerate growth. Yeah, the need for storage is not going down anytime soon. Definitely not. And the other really key piece that this continues to support, which is obviously core to your mission, no, is software defined, right? Classic line, everybody uses it over and over from Andreessen softwares eating the world. It's really software defined kind of everything. And you guys continue to really leverage that paradigm to deliver really a flexible service to your customers. Absolutely, the beauty of software defined for us is the ability to serve our customers and react to their needs. We like to contrast software defined with hardware bound. When you have hardware bound storage, it is what it is. If you want it to do something new, it may take two, three years until that functionality is there. We're able to deliver new functionality to our customers within weeks. And we accelerated that even more when we introduced our container services called ZCS. ZCS allows customers to run their own arbitrary code inside a Docker container inside the storage. So we have had customers using this for things like anti-virus or file sync and share. We didn't provide the file sync and share functionality, but the customer was able to integrate that on their own in a matter of days. Right, right. And of course, the other thing with cloud specifically, I mean, there are clouds as public clouds, but really cloud is just kind of an attitude and kind of a way to deliver services and a way to deliver functionality. It's really about speed, it's about flexibility, being able to flex up, flex down, add, take away, and really kind of remove this kind of buy a bunch and then build up to whatever your capacity percentage is that you start to get uncomfortable and then buy a bunch more. But really it's that flexibility that gives people the power to do big things, little things and move between the two. Absolutely, and it also makes our job of selling easier because the customer can decide based on what they know and they don't have to guess or predict or plan in advance. They buy or order what they need and if their needs change, so be it. They can increase the usage, decrease the usage and we talked about changing location. They can go from on-prem to the cloud or back with no penalty, with no difficulty. So we just tell them, go ahead, whatever, based on what you know, make your order, you can always undo. Because that assumes they have a Zadar system in both locations so they can just move that data back and forth depending on what the requirement is. Yeah, well they don't need to have a Zadar system in the public cloud because we have our Zadar systems at Google, at Microsoft Azure, and at Amazon Web Services. So if they have our on-prem system, they already have available to them our global network of locations. Because it's in there. Not necessarily theirs has to be in there. Exactly. Got it, got it. Well Bill, we're running a long time. I want to give you kind of the last word from the Intel perspective. As you sit back and watch what's going on with SSDs, what's going on with data centers, what's going on with software defined, what gets you up in the morning, what are you excited about? I'd say opportunities like this, working with the Zadar is great because the software defined everything, as you put it, is really changing data centers from the cloud side to the enterprise and we like that, right? It helps move the speed of business forward and creates opportunities. From an SSD perspective, particularly in the data center, it's about driving density and efficiency there and really kind of changing the game in the data center and you'll see a lot more solid state. So great future, a lot of fun stuff to work on. Great. And knowing from your perspective, just in terms of the ongoing kind of growing up, if you will, or maturation of Zadar, kind of put this in into context of what it means in this stage of your guys' lives as you continue to grow and deliver more to your customers? It's more of everything. So we're seeing, it's really, as Chief Operating Officer, this isn't what gets me up in the morning, it's what keeps me up at night. It's the deals are getting more numerous, they're getting larger, the customers are getting more demanding because they expect more and more and they're everywhere in the world and every continent, no exception. So we have requests from Africa as we speak. So where it's going is this is the way that IT is going to happen moving forward. The capex way of buying storage is it worked well for a couple of decades but the time has come to shift to a new system and the world is switching to it because it's far more convenient and it's far more financially advantageous to do it that way. And it just makes more sense, right? At the end of the day, it's mapping demands to supply within your own organization which just makes more sense. All right, well, Bill Odzinski, thanks for stopping by. No, I'm always good to see you. I'm sure we'll see you in the not too distant future. I'm Jeff Frick, you're watching theCUBE. We're in the Palo Alto studio for CUBE Conversation. Thanks for watching, we'll catch you next time.


Good day fellow investors. For the month of October I would like to recommend three new stocks that I think have all the potential to double in the next 12 months or perhaps even more. Before going on to the stocks just a reminder on this channel we make stock analysis, we discuss macroeconomic trends that lower your risk of investment and increase your returns for better portfolio exposure, portfolio strategies and investment knowledge. So consider subscribing if you like the topics. Let's start with the first stock that I would like to recommend now and that's R-Cup Holding. What does the company do? Leases aircrafts, they have 1549 aircrafts, 200 customers, airlines and the headquarters are in Dublin which is good for the tax rate. Why am I recommending a company that's in the airline sector? Well, you have to look at this. The expected growth in the industry in the next 20 years is at least double and that depends on the scenarios. However, Indian market growth airlines is going to grow fivefold at least. People are not going to travel around in buses or trains anymore. It's a huge market. China is going to grow even the US is almost going to double in the next 20 years. Airlines faster, more and more travel around the world. Now there are a few cases from the International Air Transport Association in case of relaxing regulations allowing more travel we can see the market quadruple in the next 20 years which would be a great thing for R-Cup. However, in the negative scenario where everybody picks up some protectionism which wouldn't be good for anybody so I hope it won't happen, nevertheless the market would still grow which is again a positive for a company that leases planes. So the margin of safety is there in the growth. Let's look at the company. Total shareholders equity is stable, has been growing. However, the number of shares have been declining which means that the buybacks are very efficient. And what I like about buybacks in this case is that they are made at a stock price that's below book value per share. So any buyback is increasing the value for shareholders. Earnings per share are $6.58 per share, price is around 50 so we get the price to earnings ratio of 7.7 which is four times lower than the market. My thesis is that as the market recognizes the business model which is relatively new, airline leasing companies are very new so as the market recognizes the model the environment grows there is more demand for planes. I think that this company will deserve a fair market valuation and slowly the stock price will rise to that valuation. What happened in 2013 everybody was afraid of a slowdown. Aircap acquired international lease finance cooperation so everybody was afraid of too much debt, of too much growth, however it was a very very smart thing to do. So in 2016 you see the dip everybody was afraid that China will enter a recession also didn't happen. The market continues to grow, everything continues to grow except for the stock price which has been growing for the last year and I think it will continue to grow at a steady rate for the next 12 months and we can see easily the stock at 100. Just a quick look at revenues you can see how this is a relatively new sector 2007 till now revenues have quadrupled, earnings per share have tripled and in the last three years they have really aggressively been buying back shares at or below book value. They are still investing hardly so the capex is negative however with the market growth this is expected to bring even more earnings in the future. What I would like to finish here is look at this map from FlightRather. You can see a lot of planes around Europe, East US coast, Japan, however India practically no plane, Africa there is still so much growth, Latin America so much growth and all those areas really benefit from plane you can go around in other things than a plane it's not efficient. So there is huge growth coming from India, China and all those countries international flying so I really expect a much crowded figure in the next 5, 10, 20 years and air cap is a great play to take advantage of the growth in the environment especially as it's extremely cheap now price earnings ratio of 7.7 compared to a 30 price earnings ratio for the SAP 500 so it's four times cheaper than the market that will eventually have to equalize so or air cap quadruples in price or the stock market drops nevertheless the margin of safety is in the book value. The second company I want to recommend is another company that Buffett is buying. Two months ago I recommended Store Capital which was a good buy 10% yield that Buffett was buying. He has invested 500 million in Synchrony Financial so what does the company do they make third-party credit cards credit solutions and give credits to customers so 50 years ago Buffett was buying American Express now he's buying Synchrony Financial different model however Buffett is buying so there must be a margin of safety in it just look at the financial slow growth however stable growth net income stable what's very important about the company is the huge cash flow free cash flow of 7 billion which is almost four times more than net income and that's why Buffett is buying because of the business model he always loves companies that create a lot of cash don't need investments and can reward the shareholder growth metrics are okay loan receivables up 11% net income up 40% purchase volume up 6% average active accounts up 5% and the third-party credit cards have constantly new programs new new partnerships and renewed partnerships the company also announced a new capital plan increasing the dividend and increasing the share repurchase the 1.64 billion share repurchases that's 5% of the company now so that's in addition to the dividend of 2% that's a yield of 7% immediately if you look at the quality metrics we can see that 90 days past due customer credit is about 1.4 billion slightly growing nevertheless look at the funding capital and liquidity it's a 73 billion going back to the 90 days past due 1.4 billion so there is plenty of capital in the 73 billion to cover for that 85 years of history in the company 52 billion in deposit 125 billion of finance sales 72 million active customers so the company is really big and growing look at valuations very low valuations 11.7 price to book 1.7 not a margin of safety there but nevertheless there is a dividend and the company is still growing look at the stock price it IPL in 2014 was very volatile however what I see here is again a low valuation and what I see here is a takeover candidate the huge cash flow will make this company attractive to other companies and therefore we could see a double in value perhaps even Buffett buys the whole company because he will be attracted by the 7 billion free cash flow so again a potential double the third company I want to discuss is a gold miner Ray Dalio said that if you don't own gold you know nothing about economics nor history so gold or end gold miners are an essential hedge to any portfolio and it's a better hedge when you have a great gold miner that is expected to grow no matter what happens in the gold field and that miner is Guyana Goldfields that has a mine in the country of Guyana Guyana is a small country in the northern part of South America is a stable country the last three elections were very stable they have now find oil fields offshore working with Exxon so the company will benefit from political stability so I don't expect any trouble there now Guyana Goldfields has a mine the Aurora mine that's operating has an extremely high gold grade in comparison to other mines around the world in total proven and probable reserves go to 3.5 million ounces multiply that by the price of gold and you've gone to more than four billion in gold the company's market capitalization is below 600 million now what does the company do mine gold it has just started mining gold two years ago so it's a fresh company developing company the guidance is 160 000 ounces of gold at the cash cost of 500 with the only sustaining cost with all the additional mining costs of 800 per ounce the gold price is now around 1300 so there is a margin of 500 in profit the operating profit would be around 80 million for the year divide that by 170 million shares you get to 0.46 per share the stock price is 3.39 for a stable gold miner as the company confirms what it's doing it has been doing very greatly in the last two years is a very very low valuation what happened why is this a buy now well as soon as the company confirmed the grade started mining the mine stock price went up to 7.7 almost and then it started dropping so you can see the straight drop line this is because the market doesn't like volatility and what happened is that in the first two quarters of this year the company mined lower ore grade and they expect an increase in head grade in the second half of the year also all in sustaining costs are expected to be lower in the second half of the year so as soon as the company confirms the higher grades in the second half of the year I expect the stock chart to turn up another point is that the company is expending the mill so they are increasing the mill from 5000 tons per day to 8000 tons per day so that's 60 percent increase in expected production increased in recovery so and they expect that project to complete in the first quarter of 2018 so from 2018 we can expect much higher production the mill expansion is on schedule and on budget so that's good let's see what is the company in detail 16 years of mine life net present value of 850 million that's on a gold price of 1000 per ounce the current gold price is 1300 and the net present value at a higher gold price is around 1.2 1.4 billion so that's double the current market capitalization the mine will be mine through 2024 an open pit then it will go underground so there are 15 years of more expected mine production what you can see is that the costs total cash costs from the mine are expected to be very very low which makes this a very safe investment you can expect cash flows no matter the price of gold here is the complete mine expected life and you can see an average production of around 200 250 up to 300 000 ounces of gold an average of 225 000 ounces per year and I have made here an example of what we can expect from 2018 revenue around 292 292 million coming from 220 000 ounces mine cost of revenue half from the all-in sustaining costs that's gross profit 146 million take off the sales general and administrative expenses take off 20 million from depreciation the interest expect expense they currently have other operating expensive from exploration and we get the total cost and expenses of almost 100 million take off 27.5 percent in taxes and the royalty thus we are at a net income of around 70 million or per share 0.4 0.4 dollars per share for a gold miner with expected production of 15 years is very very low I expect a price earnings ratio of 20 on it and the share should be at around eight dollars not the current price so that's my expectation from the situation as is however as it is a mine let's dig deeper the aurora gold mine has a lot of resource growth potential so they could expand that production for more than 50 years there are also brownfield exploring the zone around we can see here aroma marupa close to the aurora gold mine and there are also 23 meters drilled with almost five grams per ton that's double what is mined now so if they found something new there it could be very profitable and increase the production for the mine then their mine isn't mining district they have more licenses to drill so they could find the new mine as they have found this one they have a sulfur rose it's their target and the grades there also show that it could be a new mine in development so if they develop another mine then you can expect a double in stock pricing from 8 to 16 even more if gold prices increase then we are at 50 or more so it's huge huge potential and the margin of safety is in the low cost mining to conclude if you want a margin of safety investment then it's better to invest with set clarman and the biggest owner of the company is the baupost group set clarman's hedge fund i think this month we have very very great stock picks and let's finish with the comparison of where do these stocks fit in our investment table giana goldfields comes at the top as the potential upside is very high and the margin of safety is also very high because the gold is there just has to be mined good jurisdiction growth is expected so very very interesting gold play even better than amira then rcap and synchro financial are good companies however a little bit worse on our table nevertheless there is a margin of safety the companies are stable the risks are their double recession or us recession the risk for giana is low gold prices nevertheless i think there's a really really good investments especially for a well diversified portfolio thank you for watching don't forget to click like subscribe for support and i'll see you in the next video