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NoneShares of NexOptic Technology Corp. ( CVE:NXO – Get Free Report ) were down 20% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 480,200 shares changed hands during trading, an increase of 387% from the average daily volume of 98,644 shares. The stock had previously closed at C$0.03. NexOptic Technology Stock Down 20.0 % The company has a quick ratio of 0.01, a current ratio of 0.07 and a debt-to-equity ratio of 56.33. The firm has a market capitalization of C$3.90 million, a price-to-earnings ratio of -1.00 and a beta of 1.14. The stock has a 50 day moving average of C$0.03 and a 200 day moving average of C$0.02. About NexOptic Technology ( Get Free Report ) NexOptic Technology Corp., a technology company, develops artificial intelligence and imaging products. It engages in developing All Light Intelligent Imaging Solutions (ALIIS), a suite of intelligent imaging solution that processes raw images and video in real time; and NexCompress technological solutions. See Also Receive News & Ratings for NexOptic Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexOptic Technology and related companies with MarketBeat.com's FREE daily email newsletter .Kansas once required voters to prove citizenship. That didn't work out so wellMarc Byrnes remembers the day he opened his property tax bill this summer to find it had quadrupled from the previous installment. “I think a fair number of people would have damned near had a heart attack when they read what I received,” Byrnes said. The bill had gone from $1,162.32 due in March to $4,706.75 due in August. Byrnes had a sense his property tax bill would likely be increasing after chatting in June with a neighbor whose bill had gone up several thousand dollars. He just wasn’t expecting the increase to be so dramatic. Byrnes lives in his late mother’s house in south suburban Park Forest. He has five siblings, and they all pitch in to keep up the property. They’re not sure what will happen with it long term. Some options include his sister moving in as its main resident or Byrnes buying out the place from his siblings. He’s saved money over the years from various jobs, such as professional driver and laboratory assistant, which has helped him respond to unexpected financial demands like the tax bill increase. Having to make pivots throughout his career taught Byrnes to always save more than he spends in case of an emergency. “Because I’ve had a few lean times in my, I guess, working career, I’ve become very careful with my financial resources,” he said. Although Byrnes lives frugally and considers himself fortunate to be able to make the payments, he feels angry that his tax bill has shot up while his property’s value hasn’t. He’s trying to understand how these two realities can coexist. “There comes a point when it’s like, this is so incredibly unfair to the people that are living in this area. This is a kick to the most sensitive part of the body,” Byrnes said. “Our houses have not gone up a million dollars in value. I want to know. I want to ask [Cook County Treasurer] Maria Pappas, right to her face, what’s your explanation for this?” Byrnes is one of many south suburban residents who experienced a record tax increase this year. Property tax bills rose nearly 20% this year for the median homeowner in south suburban Cook County — the highest increase in three decades, according to the Cook County Treasurer’s Office . Black residents in the south suburbs have been impacted the most. Of the 15 suburbs with the largest tax hikes, 13 are home to mostly Black people. In those suburbs, residents saw their property taxes go up 30% or more. A multitude of long-term issues — continual disinvestment, decreased commercial activity, stagnant population growth and increasing assessments — have contributed to the spike. But the problems extend far beyond this year’s record increase. Experts warn that a bleak economic future awaits many south suburban communities, if there’s no intervention. Some are reimagining what changes can be made to ignite the south suburban economic landscape. In the meantime, Byrnes and other frustrated south suburban property owners are grappling with how to move forward. Some south suburban residents are paying just as much in property taxes as their counterparts in well-to-do north suburban communities whose homes are worth two to three times more. How did we end up here? Pappas says “a lot” of people ask her why their property taxes increased. In her more than two decades as Cook County treasurer, she says it’s the No. 1 question people ask her, regardless of whether she’s picking up her dry cleaning or shopping for groceries. “I have spent a huge amount of time trying to make it understandable,” Pappas said. She cited a recent addition to county property tax bills, “Where Your Money Goes,” as an example of her efforts. The section, which appears near the top of the tax bills, breaks down how much money each taxing body is requesting line by line. It also lists what each taxing body charged the previous year and the difference in charges between the two years. Pappas said she had this section added to the bills because “people don’t know that they paid to 14 different governments. They have no idea.” A levy is the amount of money a taxing body requests every year from homeowners and businesses within its jurisdiction. Taxing bodies also take in revenue through additional taxes, fees and other sources. Often, municipalities and school districts are requesting more funds through levies. Matteson School District 162, responsible for the second-highest increase on Byrnes’ bill, posted an FAQ on its website for residents regarding the tax levy. Assistant Superintendent for Business Craig Englert said the levy increase was standard, just 3.1%. But levies aren’t the only factor contributing to an increase in property taxes. People leaving the region, depressed commercial investment and increased assessments can all lead to rising property taxes, even when tax levies and property values are not. At a public meeting last week, Englert explained to residents that increases in their tax bills were due to a shift in tax burden from commercial properties to residential properties. He also cited the loss of COVID adjustments for residential property assessments and the fact that commercial property assessments didn’t increase as much as residential ones. Englert demonstrated this point by breaking down the difference in assessments between 2022 and 2023 in Rich Township. Residential property assessments increased by 52% between those two years, whereas nonresidential property assessments only increased 7%. Byrnes’ home also serves as an example. The assessed value of his home grew from about $8,170 to $15,000. Officials with Matteson School District 162 are taking the significant tax bill changes into account as they plan the 2024 levy. Their goal is that, on average, taxpayers will see a 0% change in the amount of taxes paid to the district next year. “I have to qualify that, because if someone’s house value changes relative to their neighbor’s, they could see a slight tax increase,” Englert said. “But on average, it should be 0%.” Sluggish population growth can also result in higher property tax bills. As more people move out of an area, there are fewer people to help pay that levy, and each person left ends up having to pay a little bit more of it. Chris Berry, the director of the University of Chicago’s Mansueto Institute, researches the ways cities are shaped and sustained. He said the current tax situation in Cook County’s Southland is not sustainable. “We can’t have a situation in which the government continuously, and in the long run, grows faster than the private economy,” Berry said. “I do think that’s essentially the concern in a lot of the southern suburbs ... that the tax base is shrinking, the spending is going up, and those two things cannot continue to happen simultaneously for very long before a jurisdiction goes bankrupt or people move out.” But the Southland’s economic troubles compound both the shrinking tax base and the increased government spending. Growing disinvestment and the lack of commercial activity mean fewer property tax dollars from businesses. On top of that, the region’s struggling economy also limits the range of viable revenue sources for school districts, municipalities and other local governments to provide services. For many government agencies in the Southland, property taxes are one of the few revenue sources upon which they can faithfully rely. Berry said it’s an economic picture in stark contrast to other municipalities with a wider tax base and more robust economic activity. “Think of Chicago, obviously, and we’ve got all these properties in the Loop (downtown), and that’s a really important part of our tax base,” Berry said. “A lot of the southern suburbs that we’re talking about don’t have nearly so much commercial activity, and so the commercial share of the tax base is much lower, which just means residents have to bear all that much more.” Holding the line on property taxes Residents like Glynis James-Watson are debating what to do with this larger slice of the levy pie. She moved to the south suburb of Harvey in August 2021 after receiving her calling from God to preach — a spiritual awakening that she thought might lead to a pastor position. She graduated from seminary just a few months before her home purchase. “I kind of followed what I felt I was being directed to do, and the pastor position didn’t open up. So I’m like, ‘Okay, Lord, what’s going on?’” James-Watson said. “So that’s how I ended up in Harvey. The way I got the house was kind of a miracle. And you know, everything was going well. The payments were well within my means.” However, James-Watson said she was “flabbergasted” when she opened her 2023 second installment property tax bill, which was $8,170.39 — an amount more than seven times the price tag of the first installment bill of $1,066.97. “I feel like I’m fortunate in the sense that I can afford to pay it, but that just obliterates any other items on my budget,” she said. On her latest bill, the city of Harvey charged James-Watson $3,470.76, nearly five times the $717.29 the municipality charged her a year ago. Back in July, in response to the dramatic property tax increases, Harvey Mayor Christopher Clark announced an effort to “ Hold the Tax .” He pledged not to unnecessarily raise property taxes in fiscal year 2025 and called on other mayors to do the same. Clark said he’d look for alternative sources of revenue, like collecting tax money that is already owed to the city but going unpaid. “We have a 52% collection rate, property tax collection rate, so we still have 48% worth of dollars that we can actually go out there and try to capture,” Clark said. Some taxes must be raised due to court orders and settlement agreements, but Clark said the pledge is a crucial step toward righting the taxing issues that the state and county need to address. “It should benefit [our residents], because once we start having the real conversations about what we’re going to do about the tax system in the state of Illinois, that should help them long-term,” Clark said. “Also, just for instance, if a bill has gone up, and the city of Harvey portion of it was $500, we just saved them $500. If no one else commits to holding the tax and we just do it ourselves, we’ve already benefited our residents.” A struggling economy in need of a boost Berry with the University of Chicago says these financial woes make it crucial to boost the private economy in the south suburbs. Since 2019, the nonprofit Southland Development Authority has been trying to provide that lift by investing in opportunities for economic change. The organization partners with local governments and small businesses to find and provide capital for projects to help boost the area. Bo Kemp, the group’s CEO, said there is a major opportunity to build robust neighborhoods through capitalizing on existing investments that could impact the south suburbs — for example, transportation investment. He cites the Metra Electric Community Initiative, which aims to modernize 13 stations across the South Side and south suburbs, and the CTA Red Line extensions, both reaching far south. “The ability for us to leverage that transportation means that a future world where there will still be cars, but not as many cars, and people are going to be much more reliant on public transportation, allows for enough property density around those nodes here in the Southland to create places where people live, shop and work out in the Southland and are still connected to the city of Chicago,” Kemp said. The Southland’s economy has endured a couple of rocky decades. According to data from the Illinois Department of Employment Security, the southernmost parts of Cook County — including Bloom, Bremen, Calumet, Orland, Rich and Thornton townships — collectively lost more than 35,000 jobs from March 2001 to March 2021. The heaviest losses were in the manufacturing, retail trade and construction industries. The area’s economy has rebounded some in the last few years. Data show an increase of more than 6,000 jobs from March 2021 to March 2023. The strongest growth has occurred in the transportation and warehousing industry, thanks in large part to the opening of two massive Amazon warehouse facilities in Markham and Matteson. Even with all the complex issues facing the area, Kemp argues that people are sleeping on the Southland as an area primed for growth. “The western suburbs, the northern suburbs, are already built,” Kemp said. “So, we present ourselves as the best opportunity for that kind of growth — and growth that can be done in a way that maintains the legacy residents who’ve been here for 10, 20, 30, 40 years, while also incorporating new residents.” The future of the south suburbs may depend on the capacity to bring in that kind of vitality. But it’s not clear how long residents will hold out and wait for that growth — and the satisfaction of paying a property tax bill justified by the value of their homes and the public services and amenities they receive in exchange. Resources If you’ve experienced an outsized increase in your property taxes, here are some courses of action you can take: Appeal your property assessment with the Cook County Assessor . Use Cook County’s Payment Plan Calculator to make partial payments on delinquent property taxes. Adora Namigadde is a metro reporter and host of The Rundown (morning episodes) for WBEZ. You can follow her at @adorakn .
New York, NY, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Alta Global Group (NYSE American: MMA) (“Alta” or the “Company”), a pioneering technology company seeking to aggregate and drive participation in combat sports, today announced it has filed a Request for Withdrawal of its Registration Statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”), initially filed on September 5, 2024. The Registration Statement has not been declared effective by the SEC, and no securities have been sold in connection with the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT ALTA GLOBAL GROUP LIMITED Alta Global Group Limited is a technology company that is seeking to increase consumer participation in martial arts and combat sports whilst building upon existing community offerings within the sector. Alta currently has three business units designed to provide services to and monetize all key stakeholders in the sector, namely fans, participants, coaches, gym owners and athletes. TrainAlta ( www.trainalta.com ) partners with gyms and coaches to deliver a range of consumer products that drive participation in martial arts for fans and beginners. Hype ( www.hype.co ) is a mobile marketing platform designed to help gym owners, coaches and athlete partners grow revenue from their followers and audiences in today’s age of social media. MixedMartialArts.com ( www.mixedmartialarts.com ) is a leading platform for the MMA community, providing access to MMA news and media, fighter data, fight schedules and access to the legendary Underground forum. For further information about Alta Global Group Limited (NYSE American: MMA), please visit www.altaglobalgroup.com or https://ir.altaglobalgroup.com/news-events/presentations for a copy of our latest corporate presentation. Follow us on social media via https://www.facebook.com/trainalta https://x.com/altaglobalgroup https://www.instagram.com/trainalta/ https://au.linkedin.com/company/trainalta Forward-Looking Statements This press release may include forward-looking statements. Any statements contained herein regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, other than statements of historical facts, are forward-looking statements. The forward-looking statements included herein include or may include, but are not limited to, statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases, or expressions such as “achieve,” “forecast,” “plan,” “propose,” “strategy,” “envision,” “hope,” “will,” “continue,” “potential,” “expect,” “believe,” “anticipate,” “project,” “estimate,” “predict,” “intend,” “should,” “could,” “may,” “might,” or similar words, terms, phrases, or expressions or the negative of any of these terms. Any statements in this press release that are not based upon historical fact are forward-looking statements and represent our best judgment as to what may occur in the future. Any references to active gyms or partner gyms refer to a gym profile that has been claimed or created and has accepted the terms and conditions and/or a previous license agreement to run the Warrior Training Program. Any references to estimated or targeted revenue per active gym do not guarantee that the gym will generate the specified revenue or any revenue at all. Forward-looking statements involve a number of known and unknown risks and uncertainties, including, but not limited to, those discussed in the “Risk Factors” section contained in our Registration Statement on Form F-1 as filed with the SEC. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should carefully read the factors described in the “Risk Factors” section of the Registration Statement to better understand the risks and uncertainties inherent in our business and industry, and underlying any forward-looking statements. Except where required by law, the Company assumes no obligation to update, withdraw or revise any forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements. Media Contacts Dave Gentry RedChip Companies, Inc. C: 1-407-491-4498 T: 1-407-644-4256 E: MMA@redchip.comYou Want to Change These 8 iPhone Settings Right After Installing iOS 18.2
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Storrs, Conn. — With an easy 85-41 victory over Farleigh Dickinson last Wednesday, Geno Auriemma became the winningest coach in his sport, as defined by the greatest number of career victories. The win was No. 1,217, passing Tara VanDerveer, who retired after last season at Stanford. Both have passed Mike Krzyzewski, who won the most games in men’s college basketball, 1,202. There are other factors to being the “winningest” coach, such as winning percentage, championships won, record in what would be considered the most important games, such as postseason games. Comparing one sport to another, to be sure, is a study in apples vs. oranges, but when such a coaching record falls, whether or not it is a counting stat, it speaks to consistency and longevity, and the nature of coaching, by which we mean job security, is such that longevity cannot be achieved without sustained excellence. Auriemma, 70, checks every box. In addition to the highest number of wins in what he helped to make a high-profile sport, he also has the most championships, 11, and a remarkable winning percentage of 88.2% across 40 years. He has 137 more wins, with 24 losses and an .852 percentage, in NCAA Tournament games and a 23-4 record in No.1-vs.-No.2 matchups; most coaches would sign for that record against unranked opponents. So by every measure he is the most successful coach in women’s basketball and a transformational figure in its history. And as he continues to add to his win total at a torrid pace, it’s less and less likely anyone will come close for generations to come. In most other sports, the ‘winningest coach’ title requires some explanation, as we set out to do here with a look at the career victory leaders in various sports and who is chasing them. Winningest: Don Shula, 347 As Shula, who coached the Colts from 1963-69 and Dolphins from 1970-95, approached George Halas’ mark, the NFL decided that regular season and playoff games would both count toward the official record. Shula is best known for coaching the undefeated 1972 Dolphins, and after repeating as champs, he won enough to remain in the job as long as he wanted it. Bill Belichick, who won six Super Bowls with the Patriots, was hot on the trail and left New England after last season with 333 victories. It’s widely assumed he will coach again and chase the record, though he is 72. He would have to land in the right situation and, history tells us, have a great quarterback. The Chiefs’ Andy Reid, 66, has a way to go with 293 wins. Winningest: Connie Mack, 3,731. This calls for an asterisk, maybe several. Mack managed Pittsburgh from 1894-96, then bought into the Philadelphia Athletics of the new American League and managed from 1901-50. As an owner and, essentially, GM, he was not about to fire himself. He went to the World Series nine times, and won five, but had long strings of dreary seasons and, in fact, also lost more games, 3,948, than anyone else. Because he managed in civilian clothes, he was actually not allowed to step onto the field and, as he “managed” until the age of 87, his sons or other coaches did most of the actual managing over his last 10 years or so. No other coach or manager in any sport was so entrenched, not even far more successful managers. Second on the wins list is Tony La Russa, who won 2,884, but had a .536 winning percentage. It’s unfathomable that Mack’s total will ever be approached. The winningest active manager is Bruce Bochy, now with Texas, with 2,171 wins and four championships, and he is 69. Winningest: Gregg Popovich, 1,394 Popovich, 75, is still active, though currently out recovering from a stroke. He passed Don Nelson (1,335) in March 2022. Popovich, who has coached the San Antonio Spurs since 1994, has won five championships and has won 62.8% of his games, but hasn’t had a winning season since 2018-19. Doc Rivers, 63, is the next winningest coach still active in the league with 1,119. He won a title with the Celtics in 2008 and is now with the Bucks. Winningest: Mike Thibault, 379 Former CT Sun and Mystics coach Mike Thibault has the most victories, 379, amassed between 2003-22, winning 56.7% of his games, and also got his teams to the playoffs 16 times, including a championship run in 2019. However, Cheryl Reeve, 58, who has coached the Lynx since 2010 and has won four titles, is poised to pass Thibeault. With plenty of help from UConn’s Maya Moore and Napheesa Collier, Reeve has 330 victories, a .647 percentage. Winningest: Scotty Bowman, 1,244 Among pro coaches, Bowman may come the closest to Auriemma’s across-the-board dominance. He won the most regular-season games and also the most playoff games (223). He won nine Stanley Cup championships, five with Montreal, one with Pittsburgh and three with Detroit, so his success cannot be pegged to one franchise, one player or core of players. In 28 playoff appearances, he had a .632 winning percentage. Former Whaler Joel Quenneville, 66, has 969 wins. He has been out of hockey since a sexual assault scandal involving one of his staffers came to light, but teams have the green light to hire him again. Barry Trotz (914), now in the front office in Nashville, and Paul Maurice (881), the last Whalers coach who won the Cup with Florida last season, are in the distance. Maurice is only 57. Winningest: Mike Krzyzewski, 1,202 Coach K, who started at Army, then moved to Duke, 1980-2022, where he won five NCAA championships. He won 100 more games, against 30 losses, in the NCAA Tournament. He retired with a .766 winning percentage. Herb Magee, “The Shot Doctor,” who coached Philadelphia Textile (now Thomas Jefferson) from 1967-2022, won 1,144. Among active coaches, Dave Holmquist, 73, who has been at Division II Biola since 1978, has 1,056 wins, most at the NAIA level, and a .704 percentage. Jim Boeheim had 1,015 wins at Syracuse. Jim Calhoun had 920 wins at Northeastern, UConn and Saint Joe’s, with three championships and .699 winning percentage. Among active Division I coaches, Arkansas’ John Calipari (856, including wins ruled vacated due to NCAA infractions), Kansas’ Bill Self has 828, including vacated wins, Rick Barnes has 809, so Krzyzewski’s mark looks safe for a while. Winningest: Geno Auriemma, 1,217 It looked as if Auriemma and VanDerveer would duel for the title for years, but VanDerveer, 71, called it a career. Pat Summitt won 1,098. Among other active coaches, N.C. State’s Wes Moore has 833, including 69 early in his career in D-II. Winningest: Joe Paterno, 409 Though John Gagliardi, who coached in NAIA and at Saint John’s in Minnesota, a D-III program, won 489 games, Paterno (409-136-3, two national championships) is the standard for major Division I football for his years at Penn State, 1966-2011. However, how much of the head coaching duties he performed as he coached well into his 80s would be a question. He retired in the midst of the child sex abuse scandal involving long-time assistant Jerry Sandusky, a shadow cast over his legacy. Paterno got one more win than longtime Grambling coach Eddie Robinson, 32 more than Florida State’s Bobby Bowden. Among active coaches at FBS programs, Mack Brown, 73, now at North Carolina leads with 288. Paul Assaiante, who retired in 2023, coached men’s squash at Williams, Army and, for 30 years, at Trinity, finishing with 17 national titles and a 507-29 record, winning 252 matches in a row at one point, longest winning streak in college sports history. ... In college women’s soccer, North Carolina’s Anson Dorrance, who retired last August, left behind 809 wins, an .887 winning percentage and 21 NCAA championships (of 41 Tournaments staged since 1982). ... In college men’s hockey, Boston College’s Jerry York retired with 1,123 wins and five NCAA championships. ... In men’s soccer, Jay Martin, who has been at Ohio Wesleyan since 1978, leads with 738. ... In college baseball, Florida State’s Mike Martin won a record 2,029 games, with 736 losses with 18 trips to the College World Series, though no championships, between 1980-2019. Get local news delivered to your inbox!
Watson and Loyola Chicago defeat South Florida 74-72
NoneLOS ANGELES (AP) — The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. _____ Boak reported from Washington. Josh Boak And Sarah Parvini, The Associated Press