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Post by sd51555 on Dec 19, 2019 8:24:15 GMT -6
Bank of SD Finances It's 5th Project
12/19/19
Sioux Falls, South Dakota
(Reuters in association with RT)
Today, the Bank of SD announced it has completed it's 5th project, an acquisition of a 401k loan from Slice Investment Company. The loan was originally part of a finance plan to construct the Stabbin' Cabin at Dogwood Farm in 2018.
"We're pleased to announce the acquisition of this loan and completion of our 5th funded project since 2012. Our mission is to finance improvement projects at the Stabbin' Cabin while also providing a growing capital base for future projects and a long term tax sheltered income base for our shareholders."
Robert Underfoot Simons, Chief Investment Officer at SIC also had this to say. "We're glad to partner with the The Bank of SD to close this deal before the end of 2019. Our main objective was to bring this loan to a close before the end of the year and execute a rollover and conversion of that 401k to a Roth IRA. This brings our eligible holdings back to 100% tax free, eliminating the need to flee to Arizona and spend our winters recreating in chick-jeeps later in life. It also allows us to redeploy that capital back to core investments that pursue returns higher than the rate of return generated by the loan."
This acquisition will keep capital adequately deployed for the bank and also free up cashflow that was earmarked for a rapid amortization at SIC. Those dollars will now be redirected to the Bank of SD, and away from Slice Investments, providing new flexibility as well as a faster recapitalization of the bank in preparation for a 6th project that has been forecasted for the spring of 2020.
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Post by Sandbur on Dec 19, 2019 15:09:02 GMT -6
Bank of SD Finances It's 5th Project
12/19/19
Sioux Falls, South Dakota
(Reuters in association with RT)
Today, the Bank of SD announced it has completed it's 5th project, an acquisition of a 401k loan from Slice Investment Company. The loan was originally part of a finance plan to construct the Stabbin' Cabin at Dogwood Farm in 2018.
"We're pleased to announce the acquisition of this loan and completion of our 5th funded project since 2012. Our mission is to finance improvement projects at the Stabbin' Cabin while also providing a growing capital base for future projects and a long term tax sheltered income base for our shareholders."
Robert Underfoot Simons, Chief Investment Officer at SIC also had this to say. "We're glad to partner with the The Bank of SD to close this deal before the end of 2019. Our main objective was to bring this loan to a close before the end of the year and execute a rollover and conversion of that 401k to a Roth IRA. This brings our eligible holdings back to 100% tax free, eliminating the need to flee to Arizona and spend our winters recreating in chick-jeeps later in life. It also allows us to redeploy that capital back to core investments that pursue returns higher than the rate of return generated by the loan."
This acquisition will keep capital adequately deployed for the bank and also free up cashflow that was earmarked for a rapid amortization at SIC. Those dollars will now be redirected to the Bank of SD, and away from Slice Investments, providing new flexibility as well as a faster recapitalization of the bank in preparation for a 6th project that has been forecasted for the spring of 2020. So you are putting in real power? Lights to see foggy skinny dip? |
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Post by sd51555 on Dec 19, 2019 16:07:19 GMT -6
Bank of SD Finances It's 5th Project
12/19/19
Sioux Falls, South Dakota
(Reuters in association with RT)
Today, the Bank of SD announced it has completed it's 5th project, an acquisition of a 401k loan from Slice Investment Company. The loan was originally part of a finance plan to construct the Stabbin' Cabin at Dogwood Farm in 2018.
"We're pleased to announce the acquisition of this loan and completion of our 5th funded project since 2012. Our mission is to finance improvement projects at the Stabbin' Cabin while also providing a growing capital base for future projects and a long term tax sheltered income base for our shareholders."
Robert Underfoot Simons, Chief Investment Officer at SIC also had this to say. "We're glad to partner with the The Bank of SD to close this deal before the end of 2019. Our main objective was to bring this loan to a close before the end of the year and execute a rollover and conversion of that 401k to a Roth IRA. This brings our eligible holdings back to 100% tax free, eliminating the need to flee to Arizona and spend our winters recreating in chick-jeeps later in life. It also allows us to redeploy that capital back to core investments that pursue returns higher than the rate of return generated by the loan."
This acquisition will keep capital adequately deployed for the bank and also free up cashflow that was earmarked for a rapid amortization at SIC. Those dollars will now be redirected to the Bank of SD, and away from Slice Investments, providing new flexibility as well as a faster recapitalization of the bank in preparation for a 6th project that has been forecasted for the spring of 2020. So you are putting in real power? Lights to see foggy skinny dip? No real power. I did offer Foggy a mid-bet compromise on that though. If he would concede (early) that solar was absolutely doable and a great way to free up habitat capital for a single cat parent, I'd allow him to do the plunge in the warmer summer season, and in a water hole that wasn't so deep. And I'd also put up a rope swing for him. There are a couple poplars that are about 20 and 40 yards away that would make a perfect rope set. |
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Post by Freeborn on Dec 19, 2019 17:23:19 GMT -6
Bank of SD Finances It's 5th Project
12/19/19
Sioux Falls, South Dakota
(Reuters in association with RT)
Today, the Bank of SD announced it has completed it's 5th project, an acquisition of a 401k loan from Slice Investment Company. The loan was originally part of a finance plan to construct the Stabbin' Cabin at Dogwood Farm in 2018.
"We're pleased to announce the acquisition of this loan and completion of our 5th funded project since 2012. Our mission is to finance improvement projects at the Stabbin' Cabin while also providing a growing capital base for future projects and a long term tax sheltered income base for our shareholders."
Robert Underfoot Simons, Chief Investment Officer at SIC also had this to say. "We're glad to partner with the The Bank of SD to close this deal before the end of 2019. Our main objective was to bring this loan to a close before the end of the year and execute a rollover and conversion of that 401k to a Roth IRA. This brings our eligible holdings back to 100% tax free, eliminating the need to flee to Arizona and spend our winters recreating in chick-jeeps later in life. It also allows us to redeploy that capital back to core investments that pursue returns higher than the rate of return generated by the loan."
This acquisition will keep capital adequately deployed for the bank and also free up cashflow that was earmarked for a rapid amortization at SIC. Those dollars will now be redirected to the Bank of SD, and away from Slice Investments, providing new flexibility as well as a faster recapitalization of the bank in preparation for a 6th project that has been forecasted for the spring of 2020. Did you borrow from your 401k to buy the cabin? What terms did you get for repayment? |
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Post by sd51555 on Dec 19, 2019 17:36:03 GMT -6
Bank of SD Finances It's 5th Project
12/19/19
Sioux Falls, South Dakota
(Reuters in association with RT)
Today, the Bank of SD announced it has completed it's 5th project, an acquisition of a 401k loan from Slice Investment Company. The loan was originally part of a finance plan to construct the Stabbin' Cabin at Dogwood Farm in 2018.
"We're pleased to announce the acquisition of this loan and completion of our 5th funded project since 2012. Our mission is to finance improvement projects at the Stabbin' Cabin while also providing a growing capital base for future projects and a long term tax sheltered income base for our shareholders."
Robert Underfoot Simons, Chief Investment Officer at SIC also had this to say. "We're glad to partner with the The Bank of SD to close this deal before the end of 2019. Our main objective was to bring this loan to a close before the end of the year and execute a rollover and conversion of that 401k to a Roth IRA. This brings our eligible holdings back to 100% tax free, eliminating the need to flee to Arizona and spend our winters recreating in chick-jeeps later in life. It also allows us to redeploy that capital back to core investments that pursue returns higher than the rate of return generated by the loan."
This acquisition will keep capital adequately deployed for the bank and also free up cashflow that was earmarked for a rapid amortization at SIC. Those dollars will now be redirected to the Bank of SD, and away from Slice Investments, providing new flexibility as well as a faster recapitalization of the bank in preparation for a 6th project that has been forecasted for the spring of 2020. Did you borrow from your 401k to buy the cabin? What terms did you get for repayment? Part of it. I crafted a 30 month loan at 6%. Was set to be done by the end of 2020, but I wanted to get rid of that early to get those funds back in the market, and get the conversion done while I had the cheap tax bracket. |
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Post by Foggy on Dec 20, 2019 9:57:01 GMT -6
You do have a vivid imagination......I'll give you that. FORE!
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Post by Bob on Mar 11, 2020 10:53:59 GMT -6
Bank Of SD and SIC To Hold Emergency Meeting
3/11/20
Word was put out this morning that there will be a joint meeting held between The Bank of SD executives and the investment team and SIC, lead by Risk-On Cat. Execs will be meeting to discuss putting a hold on projects 6 & 7 which were slated for potential funding later this year. Alternative ideas under consideration are to redirect those dollars back to equities to capitalize on retarded levels of hysteria driving equities into the ground. There is also a third option under consideration, and that is to simply halt any further funding until we know how much damage all this thumb sitting has done to the economy.
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Post by sd51555 on May 12, 2020 10:29:54 GMT -6
Dogwood Energy Reports 2020 Earnings
Beats on top and bottom lines, increases dividend 5%
For immediate release
5/12/20
The board of directors at Dogwood Energy have declared an annual dividend of 66 cents/share on class A common shares. This is a 5% increase over the 2019 dividend of 63 cents/share. The dividend is payable to shareholders of record as of June 1st and is payable June 22nd. All 100 shares are owned by The Bank of SD as Dogwood Energy operates as a wholly owned subsidiary.
Director of Operations Skoog Skoogman had offered this commentary on this morning's earnings call.
"We are pleased to report that we have exceeded our earnings and performance targets for fiscal 2020. First on operations. We had a number of expansion projects completed in 2020. Our goal was to build within our existing generating capacity while also expanding storage capability. In October we completed phase 1 and 2 of our outdoor lighting initiative. In April, we completed phase 3 and 4, bringing that project to a close. We also completed a 100 amp storage expansion on time and under budget in April. This increased our storage capacity by 24%. This expansion increases our no-sun duration from 7 days to 9 days. Most notably, we completed a multi-year project that many analysts had criticized as impossible. On Easter Sunday, we flipped the switch and opened our new water plant, Dogwood Water."
Dogwood Water will operate as a division of Dogwood Energy.
He went on to comment about fiscal performance for the year. "Before we get to the numbers, we are proud to report that we have finished our second fiscal year with zero power outages. This has been a key priority for us. Having power that worked 99% of time simply wasn't good enough. Our mission is to provide smooth, affordable, plentiful, clean, and uninterrupted service to our customers."
"On earnings, we were able to exceed performance targets for the second year in a row due to inflation in power substitutes and zero breakdowns or repairs at our facility. While grid power inflation continues to eat an ever growing amount of capital each year, we realized none of that inflation and maintained our marginal cost of energy target at zero."
"Looking forward to 2021, we are maintaining our capital investment budget and will go forward will all planned 2021 expansions. These expansions include a 2-phase lighting expansion at Dogwood Processors as part of their facility construction. We are also going to invest in a low light continuous service project at Dogwood Storage to enable safe travels through the facility during the overnight hours. We are also in the design phase of a potential outdoor lighting expansion near our outdoor carbon heat plant."
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This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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Post by biglakebass on May 12, 2020 15:06:42 GMT -6
Where is the capital investment for an ATV in the future plans for additional resource expansion?
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Post by sd51555 on May 12, 2020 19:17:40 GMT -6
Where is the capital investment for an ATV in the future plans for additional resource expansion? The wheeler capital is in place. Now in a holding pattern until I decide which of the following I'm gonna do: 1. New / wait on flail mower 2. Used / flail mower now If I can swing a deal with the neighbor kid to mow the grass at camp, the flail mower ain't such a panic. |
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Post by kooch on May 12, 2020 19:33:23 GMT -6
"If I can swing a deal with the neighbor kid to mow the grass at camp, the flail mower ain't such a panic."
Clethodim is the answer, maybe roundup.
Then plant dutch.
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Post by sd51555 on May 12, 2020 20:17:02 GMT -6
"If I can swing a deal with the neighbor kid to mow the grass at camp, the flail mower ain't such a panic." Clethodim is the answer, maybe roundup. Then plant dutch. The lawn is already full of multiple clovers. Never planted a one, second best food plot on the property. Many people tell me of deer grazing on the lawn when I'm not there. My lawn is the same spot the roundup lesson finally sunk in. Spray, wait, broadcast clover and rye, profit. It was beautiful. Then year two came and I raised from the dead the most horrendous thistle boom you'd ever seen. I'm talking pitchfork handle bull thistle, full canopy canada thistle. It was awful. I had no tools to deal with it, so I let it go. Last year was the third growing season after the fall I did it. Never touched it after the thistle came. It took three seasons for the natives to return. The thistles returned to their tombs to await their next call-up. Lesson learned. I may spray something again some day, but there will be an understanding that hell's coming with it for a few years, and a plan to holistify out of it. |
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