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They need to get in to a JV here fast. Now is the time, and they mustn't waste time and not capitalize on the opportunity. As Kiyosaki says, govts run in to trouble over money when there is war, they print more whilst they think no one is looking, and in effect, it's worthless, whereas commodities such as gold, will be in huge demand.
Get a JV ECR and get pumping this stuff out of the ground fast! The time is now!
https://finbold.com/robert-kiyosaki-warns-what-will-drive-u-s-into-war-and-depression/
“Boohoo is an attractive proposition to us with its laser focus on young female consumers. We see potential synergies and an opportunity to strengthen our own brand proposition in collaboration with Boohoo, most obviously with Frasers Group brands I Saw It First and Missguided,”
source: Frasers
Https://news.sky.com/story/mike-ashleys-heir-is-building-a-decent-track-record-at-frasers-13024845
And the whole point is they get it by the back door, it makes no odds. Anyhow, supplied my sources, and sick of arguing it. As one of the sources states, you have to read the small print very carefully as often the bit about selling personal data is obscured and so on.
Over and out on this point.
Https://thenextweb.com/news/what-mean-when-company-says-we-do-not-sell-your-data-syndication
Https://pharmaceutical-journal.com/article/news/pharmacy2u-fined-130000-for-selling-patient-data
"Data is becoming an increasingly sensitive and important issue for businesses and if you get it wrong there can be serious financial and reputation costs. The hacking of Talk Talk’s website shows the importance of treating your customers’ personal information with respect and giving consideration as to how best it can be protected.
Another recent case in this area is that of Pharmacy2U which was fined £130,000 by the Information Commissioner for selling customers’ details to third parties without their consent in breach of the Data Protection Act. Pharmacy2U is the largest NHS approved online pharmacy and like many businesses collects personal data through its customer registration process. It engaged a marketing company to advertise more than 100,000 customers’ details for sale and the details of more than 20,000 customers were subsequently passed to third parties in return for payment.
The case was decided on the basis that Pharmacy2U had not processed data fairly because its online registration form and privacy policy did not highlight to customers that they would be selling their details. There was an opt-out procedure but it was hidden away in the settings and not readily accessible. The Information Commissioner also gave weight to the nature of the website and the expectation that confidential data relating to patient health would not be shared as disclosure of this sensitive information was likely to cause distress. In certain sectors where client confidentiality is fundamental to the relationship (i.e. health services, legal services, accountancy services etc) then businesses should probably not sell on customers’ details at all.
It is important that businesses review their terms and conditions in light of this case where they routinely pass customer details to third parties for the purposes of direct marketing. Businesses must ensure they provide clear information, in a prominent place, to customers as to how their data will be used and who it will be shared with; it is not enough to simply rely on small print which is hidden away. It is also worth noting that where a breach of the Data Protection Act occurs then anyone who is affected has a right of compensation for any distress caused (without the need to show any actual financial loss). As such, the combination of a hefty fine from the Information Commissioner and individual compensation cases brought by thousands of customers could be very expensive and time consuming for any business."
Everyone sells it Bdf, even the NHS!
source: https://businesslaw.co.uk/blog/selling-customer-data-have-you-got-consent/
"Certainly! Let’s delve into the topic of whether a business can legally sell personal data.
**1. **Under the General Data Protection Regulation (GDPR), businesses must follow specific rules when handling personal information. Here are some key points:
- **Personal Information**: The GDPR defines personal data as any information related to an identifiable person. This includes identifiers like names, identification numbers, location data, and more. Whether information qualifies as personal data depends on whether an individual can be identified or is reasonably identifiable in specific circumstances.
- **Sensitive Information**: Sensitive information is a category of personal data that includes details about an individual's racial or ethnic origin, sexual orientation, religious beliefs, political opinions, health, and more. Mishandling sensitive information can have a greater impact on the individual, so it receives higher privacy protection.
**2. **Trading in Personal Information: - If a business collects or discloses personal information for commercial gain without the consent of the individuals to whom the information belongs, it is considered to be trading in personal information1. - For example, if a business buys or sells a mailing list without the consent of the individuals on that list, it is trading in personal information.
**3. **Consent Requirements: - Under the GDPR, businesses must obtain consent from individuals before collecting their personal data. Consent can be obtained through actions like clicking a checkbox or ticking a box online. - Businesses need to inform individuals transparently about how their data will be used and shared with other organizations.
**4. **Exceptions: - There are exceptions to selling personal data. For instance, if the data was initially collected for a purpose other than sale (e.g., providing services), it cannot be sold without transparently informing the data subjects.
In summary, businesses can legally sell personal data under the GDPR, but it depends on context, consent, and transparency. If you suspect your data is being sold without proper consent, consider taking steps like requesting information from the data controller or submitting a complaint to the relevant data protection authority. Remember that misuse of personal data can result in fines or compensation."
Source: Bing
so Bdf you are wrong because businesses can legally sell personal data, but as the source states, it depends obviously on the context, consent and transparency. So it is wrong of you to indicate that it can't be. Perhaps you would like to provide your sources to show that it can't be, as you suggest? Then again, perhaps not bother, as it's cluttering up this forum.
Bfd, businesses can legally sell personal data under the GDPR, but it depends on context, consent, and transparency. If you tick the box etc, then you have given consent and you need to read exactly what you have given consent for, ideally before ticking the box of course!
Did you note this bit Bfd?
"You don’t need consent to market to businesses (unless they’re sole traders).
If you’re marketing to business contacts within a limited company, PLC, LLP, etc., you don’t need explicit consent."
However, many people are unaware of this, so it’s essential to understand the rules.
"When it comes to direct marketing, such as email, phone, SMS text, and messaging, there are specific rules regarding consent. Let’s break it down:
Consent under GDPR:
GDPR (General Data Protection Regulation) introduced new rules around what constitutes consent as the lawful basis for processing personal data.
To obtain valid consent, an individual must take a positive action to confirm their consent, based on a clear understanding of what they’re consenting to.
Pre-ticked boxes, ambiguous wording, or deceptive practices are not allowed for obtaining consent1.
PECR (Privacy & Electronic Communications Regulations):
PECR sets out rules for direct marketing in the UK, covering email, SMS, messaging, and phone marketing.
When PECR requires “consent” for marketing, it means GDPR-level consent.
Therefore, if you need consent for direct marketing, you must comply with both PECR and GDPR rules.
Business Contacts and Consent:
You don’t need consent to market to businesses (unless they’re sole traders).
If you’re marketing to business contacts within a limited company, PLC, LLP, etc., you don’t need explicit consent.
However, many people are unaware of this, so it’s essential to understand the rules.
Best Practices:
When collecting personal data online, consider having customers click or tick a box to confirm their consent according to your privacy policy.
Include details of the right to withdraw consent in your privacy information and consent requests.
In summary, forgetting to tick the box to deny consent could potentially lead to retailers using your details for marketing purposes. It’s crucial to be aware of the rules and ensure that you actively manage your consent preferences. Always review privacy policies and understand how your data will be used! 😊🔍📝
source: Bing
That's my point Bfd, how many people forget to tick the box etc, and then they've consented, and bobs your uncle! It won't go for pounds Bfd, no way, it's currently sitting at 34p with a market cap of 433 million, it isn't going for pounds per share imo.
Hi Blackfox, I think Ashley will do a deal with Kamani, whether he takes it outright or a higher percentage stake. I have a feeling there are other plans afoot as well, Kamani is quite a big influence in Dubai and there's plenty of money sloshing about in Dubai. I'd really like to see what these two have planned, it could be very interesting!
If Ashley did go for a buy out, I agree 50-60p range is more likely, unless the share price starts to motor quite rapidly on him trying to reach that 30% in a hurry! my views.
Ashley snapped up I Saw It First and look who owned that! None other than Jalal Kamani, the brother of Mahmud. Ashley is 'friendly' with Jalal by all accounts!
Meanwhile, Ashley is taking Ted Baker. He's taking all the big brands, and eliminating the competitors. That customer data must be worth an absolute fortune. Imagine selling all of that to third parties! He'll be raking it in simply for names and email addys!
https://www.retailgazette.co.uk/blog/2024/05/frasers-ted-baker/
If he goes for the 30% holding, that means he's looking to offer on 2 thirds of the shares, being around 846 million, so say 40p his highest price, let's say he buys out at 60p per share max, he needs to find 500 million, chicken feed for Ashley no doubt, but a heck of a lot to you and I! just a guess, nothing more and no guarantees he will offer.