Hertz’s Post

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/e6Pg4DjN TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND." Government of Uganda Government Citizen Interaction Centre (GCIC Uganda) Parliament of Uganda Judiciary Uganda Uganda Local Governments Association (ULGA) Private Sector Foundation Uganda (PSFU) Federation of Uganda Employers Federation of Small & Medium Enterprises-Uganda National Social Security Fund Uganda Retirement Benefits Regulatory Authority Capital Markets Authority- Uganda UGANDA SECURITIES EXCHANGE Uganda Bankers' Association Uganda Institute of Banking and Financial Services Uganda Bank of Uganda IRA UGANDA Quartz & Richmond Foundation Limited Uganda Law Reform Commission Uganda Law Society - LAP Uganda Revenue Authority (URA) CEO East Africa Magazine Uganda Chamber of Mines and Petroleum ICPAU (Institute of Certified Public Accountants of Uganda) Uganda National Chamber of Commerce and Industry Makerere University Uganda Registration Services Bureau Ideation Corner HiPipo

Congratulations 💐 vaibhav taneja. The presence of Indians in CFO (Chief Financial Officer) and CEO (Chief Executive Officer) positions can be attributed to a combination of factors. These include India's strong educational system, a focus on technical skills, a large pool of qualified professionals, and the ability to adapt to different business cultures and environments. Indians often pursue higher education and professional qualifications, which can make them competitive candidates for leadership roles in various industries around the world. Additionally, globalization and the growth of multinational companies have provided opportunities for talented individuals from India to take on key executive positions.

Welcome Austin Long, to Fahrenheit Advisors! Austin's expertise spans a broad spectrum of accounting functions, encompassing journal entries, acquisitions, account reconciliation, and comprehensive financial reporting on a monthly, quarterly, and yearly basis. Learn more about Austin ⤵ https://lnkd.in/ewVhpFQf #Fractional #Finance #Accounting

According to a company filing on Monday, August 7th, Indian-origin Vaibhav Taneja has been appointed as the new Chief Financial Officer of Tesla, following the resignation of the former CFO, Zachary Kirkhorn. For More: https://lnkd.in/dSJwSp8n #latestnews #newsalert #dailynews #latestupdate #newsupdate #dailyupdate #newsoftheday #todaynewsfeed #newsfeed #tuesday #newsoftheday #TodayNewsalert #dailynewsupdate #todaynews #todaynewsupdates

Volato 2023 Financial Results In Review: Better late than never! It’s taken a while, but I’m slowly catching up with my 2023 performance reviews. When I analyze fractional and branded charter providers that use flawed business models, I face a tough choice: say something or say nothing. When Avantair collapsed, in 2013, I knew they were going to fail and warned my clients. However, I regret not publicizing my growing concerns more widely! Many of my articles are wildly unpopular with service providers, aircraft manufacturers, and some of their more opinionated employees. I can live with that because my only concern is protecting my clients and business aircraft users. Volato 2023 Financial Performance In Review Volato’s financial performance highlights the fundamental weakness of their business model. During 2023 they purchased relatively few aircraft, while operational losses skyrocketed. Volato reported 2023 revenues of $73.2 million and losses of $52.8 million, an astonishing performance! I disregard EBITDA, because this number excludes too many important expenses. Volato’s HondaJet fleet grew from 22 to 24 aircraft. Flight hours increased from 5,031 to 11,273 YoY, a 124% increase. Despite increased hours, 2023 flying converts into less than 500 hours per captive aircraft. Worse, 38.8% of flight hours were consumed by deadhead! Herein lies the flaw with Volato’s business model. As the fleet grows, margins from share sales are being dwarfed by operational losses. Operational losses, in turn, are being exacerbated by Volato’s inability to charge higher fees, in a competitive market, disappointing aircraft productivity, high direct operating costs and unsustainable levels of deadhead. Operational “inefficiencies” might be trimmed, by modest percentages, but can’t be improved sufficiently to generate a profit using HondaJets, IMHO. Volato reported 2023 aircraft sales of $21.443 million. Assuming 20% margins, they generated ~$4.288 million in share margins but lost $52.8 million. During 2022 aircraft sales hit $67.695 million. Assuming 20% margins, share sales generated margins of ~$13.539 million. Despite strong share sales, Volato reported a 2022 loss of $9.367. Put differently, and ignoring share sales, 2022 operational losses would have been ~$22.9 million or $4,552 per hour flown. Operational losses increased to $5,100 per square hour flown, during 2023. Hourly losses increased despite total flight hours doubling - a pattern I have seen before, many times. No matter how many fractional HondaJets Volato sells, operational losses will always far outpace share sale margins. Perhaps that’s why Volato’s share price is down to $3.23 after flirting with $35.00, shortly after their SPAC flotation. Sadly, I feel a familiar combination of deja vu and inevitability surrounding Volato’s financial outlook.

The value and insights that can be provided from working with Brian R. Robinson is unmatched! He takes the time to understand your situation and works with you to strategize a plan to fit YOUR needs! Partnering with Crown CFO, LLC can make all the difference and help your organization achieve your goals!

Have you ever felt like you're juggling financial complexities without a safety net? You're not alone. Here's why your fleet needs a Virtual CFO by its side! Top 5 Reasons Your Trucking Business Needs a Virtual CFO: 1️⃣ Tailored Financial Strategies: A Virtual CFO crafts financial strategies specifically for your trucking empire, ensuring every move aligns with your business goals. 2️⃣ Expert Financial Navigation: Navigating the financial landscape of a trucking business demands expertise. A Virtual CFO brings a wealth of knowledge, steering you clear of pitfalls and towards financial success. 3️⃣ Maximized Tax Efficiency: Say goodbye to tax season stress! A Virtual CFO is your tax efficiency maestro, optimizing strategies to maximize savings and minimize liabilities. 4️⃣ Profit Maximization Guru: Unlock hidden revenue streams! Your Virtual CFO identifies opportunities, fine-tunes your operations, and supercharges your profits. 5️⃣ Strategic Growth Planning: Ready to expand your fleet? A Virtual CFO is your growth partner, guiding strategic decisions and ensuring your financial foundation is strong. Now, are you ready to transform your trucking business with dedicated financial guidance? Comment "truckers" below, and we'll send you a link to book a discovery call. Let's drive your success together! . . . . #taxseason #taxplanning #taxprep #taxprofessional #taxstrategy #truckersaccountant #taxaccountant #mysherrirhodes #truckers #fleetowners #transportationcommunity #taxservicesfortransportationindustry

BLADE’s record second quarter revenues of $61m, up over 70% on the same period last year, “illustrates the value proposition” of its business model, said CEO Rob Wiesenthal. Total revenue actually increased 71.2% to $61m in the second quarter (Q2) versus $35.6m in the prior year period. Will Heyburn, Blade’s chief financial officer, said: “Our cost efficiency program is showing meaningful results with adjusted unallocated corporate expenses, which relate to the overall Blade shared services platform, decreasing 12% in Q2 2023 versus the prior year period, despite our significant 71% revenue growth. We expect that continued growth and cost efficiencies will lead to further year over year improvement in adjusted EBITDA in the second half of the year.” Melissa Tomkiel, Blade’s president, added: “The @FAA’s blueprint for air mobility, released in July, outlines a gradual transition to Electric Vertical Aircraft, or EVA, utilising existing air traffic control systems and infrastructure. This approach validates Blade’s unique strategy, focused on our exclusive Blade terminals at existing heliports and airports in the most active air mobility corridors operating around the world today." Read full: https://lnkd.in/eSZ9JhxE

In today's dynamic business landscape, companies are continually seeking innovative solutions to meet their financial management needs. One such solution gaining popularity is the virtual chief financial officer, or VCFO. Let’s explore 3 compelling reasons why a company might benefit from engaging a VCFO. ▶️