Dot Chart 15: Fill & Download for Free

How are hazardous materials identified in a vehicle and rail cars?Ever seen one of these?There’s a whole system of HAZMAT placards that tells first responders what’s on a truck or railcar:There will be at least two placards. The color of the placard tells you the nature of the hazard. The wording makes it more specific. The number in the center identifies the substance. The number in the bottom corner tells you the hazard level.Hazardous Materials Markings, Labeling and Placarding Guide (DOT Chart 15)

Frankly speaking, almost a year ago, I removed Reliance Communications from my thought process as an investment opportunity, forever. On 29th Dec 2017, while writing an answer[1][1][1][1] on the company’s future, I concluded by saying that:So long term prospects for the company don’t sound lucrative!Now coming to short term, it is important to understand the issue at hand.To pare down its large debt of Rs. 46,000 cr., Reliance Communications (Rel Comm) made a deal for spectrum sale to Reliance Jio, which requires a No Objection Cetificate (NoC) from the Department of Telecommunications (DoT)However, Rel Comm owes the DoT Rs. 2,947.68 cr. as part of spectrum dues[2] . For that purpose, Rel Comm offered Rs. 3000 cr. worth of land parcel in lieu of bank guarantee and informed that, they will pay the money once the deal with Reliance Jio goes through successfully.DoT very clearly refused to take the land parcel and insisted only on bank guarantees and even told Reliance Jio to furnish these guarantees on behalf of RCom, which I believe didn’t happen.Now, SC has passed an order asking Rel Comm to furnish a corporate guarantee of Rs. 1400 cr. within two days to get the NOC and informed DoT to give its NOC for the spectrum sale within one week.This is only a minor relief.The corporate guarantee will have to be issued by Reliance Realty Ltd[3][3][3][3] , a wholly-owned subsidiary of RCom. I am not sure/aware of their capacity to do the same.DoT had remained firm on its stand that it would require a bank guarantee of Rs. 2947.68 cr. from RCom or RJio before it could allow spectrum sale.At the same time, the due date for payment of dues to Ericsson[4][4][4][4] is also coming up. By 15th Dec, Rel Comm has to pay an amount of Rs. 550 cr. along with a simple interest of 12% on the principal amount, for each day’s delay beyond 30th Sep. This is also a SC order and if missed, will have its own repercussions.Rel Comm did rally today on the back of the SC order, but I am not sure if everything will go through smoothly.However, blood is thicker than water and Mukesh Ambani might offer to give Corp. guarantees for the balance amount, incase DoT insists again for giving NoC.There is no clear way forward and for all we know, the stock might drop down.I would like to share that, some readers informed me earlier that the land monetization will make everything ‘good’ again for Rel Comm. It has been almost 1 year since my previous answer and I mentioned that it is not going to happen soon. The stock has dropped by 60% in this time.Why to take risk on such doubtful issues - which may or may not be resolved. Do remember the 15th Dec 2018 due date. Is Rel Comm ready to pay that money?Incase you are interested in risking money on penny stocks, there are quite a few good and bad, which I can share for your information.Penny stocks which have given good returns over the last 1 year. Maybe they have more steam to become small cap stocks over the course of the future.Stocks which have become ‘penny’ during the last 1 year. Most of them are not worth even a second look, but incase you can find a ‘gem’ in them, then you can make a lot of money.Also remember the ‘Hypothesis[5][5][5][5]’ that I had put forward while writing the answer Gopal Kavalireddi's answer to What's a good sign that a stock market correction is over? where I said that,I am waiting for it to happen. Large cap indices have moved in Nov and have lessened the long term ratio. I think the mid, small caps can see that upmove if there is a little more positive sentiment in the market (The Q2 GDP is only 7.1% vs. estimate of 7.4% and Q1 GDP of 8.2%). Normally, FII’s don’t participate in Dec but they might come back strongly in Jan 2019.I am keeping sufficient cash ready to buy into the small and midcaps at short notice.In the meantime, I would say a big NO-NO to Reliance Communications, even if means losing an opportunity to make money in the very short term.Financial data and source credits: Moneycontrol, Equitymaster, Financial Express, Telecomtalk, Economic Times, Business Standard articles along with trading view chart.Footnotes[1] Gopal Kavalireddi's answer to What is Gopal Kavalireddi's view on Reliance Communications stock with the recent announcements on debt reduction?[1] Gopal Kavalireddi's answer to What is Gopal Kavalireddi's view on Reliance Communications stock with the recent announcements on debt reduction?[1] Gopal Kavalireddi's answer to What is Gopal Kavalireddi's view on Reliance Communications stock with the recent announcements on debt reduction?[1] Gopal Kavalireddi's answer to What is Gopal Kavalireddi's view on Reliance Communications stock with the recent announcements on debt reduction?[2] RCom and Jio Spectrum Trading Deal in Jeopardy as DoT Refuses to Accept Land Parcel as Security[3] SC asks RCom for Rs 14-bn guarantee, clears path for spectrum sale to Jio[3] SC asks RCom for Rs 14-bn guarantee, clears path for spectrum sale to Jio[3] SC asks RCom for Rs 14-bn guarantee, clears path for spectrum sale to Jio[3] SC asks RCom for Rs 14-bn guarantee, clears path for spectrum sale to Jio[4] Supreme Court grants Reliance Communications till Dec 15 to pay Ericsson[4] Supreme Court grants Reliance Communications till Dec 15 to pay Ericsson[4] Supreme Court grants Reliance Communications till Dec 15 to pay Ericsson[4] Supreme Court grants Reliance Communications till Dec 15 to pay Ericsson[5] Gopal Kavalireddi's answer to What's a good sign that a stock market correction is over?[5] Gopal Kavalireddi's answer to What's a good sign that a stock market correction is over?[5] Gopal Kavalireddi's answer to What's a good sign that a stock market correction is over?[5] Gopal Kavalireddi's answer to What's a good sign that a stock market correction is over?

Pretty bad. The worst in the world actually. After all, that’s what The Great Orange One told us! Right? Well, no… It’s a bit more nuanced.Belgium is counting probable Covid-19 related deaths as well, i.e. people dying at home or in retirement homes, that have not been tested for Covid-19. They count for about 55% of the reported deaths.A recent analysis shows that the excess mortality is pretty much in line with the reported death count.This chart shows the expected number of deaths (dotted line), the excess mortality (orange line), the reported Covid-19 related deaths (green dotted line) and the confirmed + probable Covid-19 related deaths (green solid line). As you can see, the green line follows the orange line pretty well, which means that Belgium’s reported death count (including the probable related deaths) is actually more reliable than some other countries’ reported death count.Belgium’s excess mortality is actually even a bit less. If you add the green line (confirmed + probable Covid-19 related deaths) on top of the grey dotted line (normal/expected deaths), it would at times be higher than the orange line. In other words, Belgium has been reporting too many deaths, some were not Covid-19 related at all. Whether that's a smart choice or not is debatable. It’s probably because Belgium doesn’t have a real government at the moment. It’s a minority administration with some temporary special proxy powers so they can push through laws needed to combat the Corona crisis without having to go through parliament. So perhaps it is because now the scientists have more say in how the numbers are reported than the politicians. Which I’d take any day, especially if you compare it with the US, where trump thinks that the daily briefings are there to make him look good, and where he gets to speak more than his two top scientists combined.Either way, I suspect that all other countries will have to double their death count soon, once they compare the death count for March/April 2020 with the expected number of deaths (the number of deaths that would have occurred if there was no Covid-19 at all). That's the only reliable measure, the excess mortality.The official Belgian information site: Analysis on the excess mortality due to Covid-19UPDATE:I came across this article from the NYT: U.S. Coronavirus Death Toll Is Far Higher Than Reported, C.D.C. Data Suggests, which shows that the death count has been underreported by about 114% (18.109 reported vs 38.900 excess). So for the period from March 8 to April 11, and for those 7 states, the death count is more than double what they said. The latest reported number for the whole USA is 61.472 deaths. It’s probably more like 120K already. That’s SAD! It really is, so please stop drinking bleach (or fish tank cleaner), stop protesting the lock-down. Start protesting your leaders. The world will thank you.UPDATE 12/05:A good overview, including the excess mortality, can be found in this article from the Financial Times, suggested by Roger Hughes: Coronavirus tracked: the latest figures as countries fight to contain the pandemic | Free to read.UPDATE 15/05:The Economist has an interesting table, which also shows that Belgium’s counting has been the most accurate in the world: Tracking covid-19 excess deaths across countries