Monday, June 19, 2017

$100,000 For Winning Business Plan in Topeka

The Topeka Capital-Journal and six businessmen have launched an entrepreneurship contest designed after Shark Tank, Morgan Chilson wrote.

I am so impressed with this idea, I want to highlight it on my blog.

The Top Tank idea is the brainchild of six Topeka businessmen who partnered with The Topeka Capital-Journal to create a competition designed to highlight the capital city and, specifically, its downtown, Chilson wrote. Five of the businessmen made a financial investment to fund a $100,000 prize to the entrepreneur with the most compelling idea: Brent Boles, managing partner of Schendel Lawn &Landscape; John Dicus, chairman, president and CEO of Capitol Federal Savings Bank; Cody Foster, co-founder of Advisors Excel; Jim Klausman, president and CEO of Midwest Health Inc.; and Mark Ruelle, president and CEO of Westar Energy. Greg Schwerdt, president of Schwerdt Design Group, has offered to work with the final 10 entrepreneurs to help them put together a comprehensive package on their proposals by providing professional design services.



Top plan

Top Tank officially launches Sunday with a website where entrepreneurs will find an entry form due Aug. 31. Organizers hope to attract people from across the region to the competition.
A committee will narrow entries to 20 by November.


Contest Timeline

June 18th, 2017-Contest launch
August 31, 2017- Deadline for applications
Early November- The Top Tank finalists will present their business
proposal to the Top Tank Panel
Late November- Ten finalists will be notified they are moving on to the finals
February 2018- A Top Tank special event in downtown Topeka will bring
the finalists together with the Topeka community for networking opportunities. 
 A nationally respected speaker will lead to the grand finale: One Top Tank 
winner will walk away with $100,000, energized for hard work and with
 the resources to launch a Downtown Topeka business.

Wednesday, June 14, 2017

My 80% Return In PotCoin


Source: Poloniex
My cost basis was 0.10163820 Bitcoin, worth $276 at the time of the trade. Fee was 25 basis points.
Potcoin recently traded at a price of 0.00006907 BTC X 2770 shares = 0.1913239 Bitcoin, or in dollars $518.00, a return of 87%.
Why did I buy Potcoin? I had a hunch that if pot sellers struggle with so much cash, they would prefer an alternative in a digital currency, which reduces the risk of carrying all that cash.
On its own Web site, PotCoin says, "PotCoin as a digital currency is an alternative payment network for cannabis users, merchants and industry professionals. The PotCoin network allows cannabis enthusiasts to interact, transact, communicate and grow together. PotCoin is a community run effort, by community members for community members."
PotCoins are transferred directly from person to person via the net, without going through a bank or clearing house. This means that the fees are much lower, you can use them in every country.
Why was PotCoin trading up 83% on Tuesday. Well, early that morning Potcoin.com reported it was sending Dennis Rodman back to North Korea. Rodman said he wanted to promote sports and peace. Rodman knows both President Donald Trump and Kim Jong-un.
That's great, but North Korea and South Korea have been enemies for over a half-century. I appreciate Dennis Rodman trying to promote peace between North Korea, United States and South Korea, but I am not confident anything will change as a result of his trip. Even if he does accomplish something over there, his efforts will take time.
Does Rodman's trip sponsored by PotCoin.com justify an 83% climb in PotCoin? This sounds like a selling opportunity.
So I sold all my Potcoin at 0.00006619 Bitcoin, an 80% return after fees.
Shortly after selling my lot, the price of Potcoin fell 10%. I'm not surprised. The market cap on PotCoin is $38 million, and there were $14 million in volume of PotCoin in the past 24 hours, Tuesday's volume accounts for about a third of the market cap. I expect the Rodman news to wear off pretty quickly and by Thursday, this momentum play will be over.
I think PotCoin has a good idea, to serve the cannabis community. I hope it is successful. I will be watching its price, I may buy this cryptocurrency again.
But for now, my trade is booked and I will have to pay taxes on this short-term gain, when I file my 2017 tax return.
Conclusion
Cryptocurrency is the wild west of trading. Sales are completed in minutes, compared with stock trades' settlement in three days. On Poloneix, a person can do margin trading and lending. I could see people getting hurt if you are not careful. Market caps are small on some currencies, meaning a lack of volume could result in price declines. I have put about 1 percent of my wealth in the cryptocurrency space, in Bitcoin and Ethereum. Gains can be quickly taken away by market conditions. PotCoin's sponsorship of Rodman going to North Korea is laudable, but I don't think it justifies an 83% bump in price, so I'm out.
Disclosure: I am/we are long BITCOIN, ETHEREUM.
Additional disclosure: I may buy back PotCoin at a lower price
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Tuesday, June 13, 2017

Legislature Overrides Sam Brownback, Passes Budget

I'm thrilled to see the Kansas Legislature pass a budget and override Gov. Sam Brownback's veto. The voice of reason has won, Kansas now can afford to pay its bills. Brownback's experiment with trickle-down, Reagan-style economics has failed. The Legislature finally stood up to Brownback, whose tax plan was a piece of garbage.

Monday, June 12, 2017

Photo of Michael Hooper

Michael Hooper 2017





                                      Michael Hooper, Laguna Beach, Calif., spring 2017



                                                   With new $107.99 glasses from Zenni.


Thursday, June 8, 2017

Reading The Tea Leaves: Rail Volumes Say Economy Is Growing


Rail volumes are growing at Union Pacific, BNSF Railway and Canadian National Railway.
Canadian National Railway sees 35% increase in shipment of metallic ores.
Norfolk Southern is growing faster than CSX .
Railroad volume numbers are the tea leaves. Read these numbers correctly and you can predict trends in the economy.
Volumes at Union Pacific (NYSE:UNP), BNSF Railway (NYSE:BRK.A) (NYSE:BRK.B) and Canadian National Railway (NYSE:CNI) are growing, indicating something is really happening in the North American economy.


Tuesday, June 6, 2017

Jayhawk Theatre: Adding To Topeka's Cultural Renaissance.

Published April/May 2017 785 Magazine, page 12,


Capital Campaign Underway at Jayhawk Theatre 


Restoration of Jayhawk Theatre would add to Topeka’s cultural renaissance.

By Michael Hooper

Recent developments at the Historic Jayhawk Theatre, 720 S. Jackson, Topeka, are breathing new life into the 90-year-old theatre. The board’s volunteers and friends are working to revive the classic theater. Musicians, filmmakers and dancers have graced the stage in recent months, shining a spotlight on the theatre and its potential. Advocates believe a fully restored theatre would deepen the cultural renaissance taking place in Topeka.

“We believe a key component to downtown revitalization is the restoration of the Jawhawk Theatre,” said Jeff Carson, president of the Historic Jayhawk Theatre Board of Directors. “There is a lot of momentum for downtown Topeka. The Streetscape improvements really help. It’s all about quality of life. The Jayhawk Theatre is a big part of this.”

Click here to read more