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That was Neil S who lost everything on SIAF.
This gets a lot stranger. As there is another wealthy shareholder Neil P who was also a SIAF shareholder at the time. And he is a 5% Mycow shareholder now. So we could have had 2 Neil's with a 5% stake in Mycow today. But at least we have one.
Let me tell you a story.
6 or 7 years ago I was mostly invested in SIAF. Things were still looking promising in general although the company had issues. And there was this shareholder Neil managing a $20M fund who had acquired a 10% stake in the company by then, He had been following me closely for years and wanted me on the BOD as did many other shareholders. But things were going downhill with SIAF. And they kept going downhill. I thought HERB was a much better investment and so I told people frequently about it.
Neil wasn't happy, obviously. Because he had a substantial stake in SIAF. But I was warning him too as SIAF would not end well IMO. He accused me of pumping HERB and being a promoter. Sound familiar?
Well, he lost everything. When SIAF dropped to zero. He should have listened to me. But didn't. All he could do was complain about me. He even got himself banned from the forum out of frustration.
If he had listened to me, he would have become a HERB shareholder. Limit his losses on SIAF. And he would probably be a 5% Mycow shareholder as well by now. With HUGE prospects. In the billions of dollars.
But he didn't. He accused me of being a pumper....
I have to admit, I did break the forum rules frequently because I'm not supposed to tip HERB on the SIAF board, right. That is considered spam. But I had to do it because I was convinced that HERB was a much better bet than SIAF. And perhaps the only promising bet in the China space. And I was right, as SIAF dropped to zero.
The same applies to you LVerstee. You are missing out on the good investments. Because you are not focusing. Because you think I am a promoter. Which is ridiculous. Especially when considering I am RIGHT about these companies. Oh, I have been wrong too. But I am right about these 3 companies.
What is your link supposed to prove? Most full time investors and daytraders like me who have been around for 10 years have between 10-50 pages of links to companies. I have only 2 pages. That's because I do deep analysis on a select number of companies unlike most people.
And you are telling me I am a stock promoter.... This once again shows how completely ignorant you are. Just admit it, pal. You don't have a clue about anything. You are nothing more than a newbie investor who is still learning. And you are doing it the wrong way.... by accusing others.
You are so full of nonsense, LVerstee.
But thanks for letting me tell the HERB story, for those few whom it concerns.
You are causing all of this. lol.
There is a reason why I am telling people in advance. Because I will take the stock up 500% and keep it there for (quite) a while. If I don't tell them in advance, they might sell the stock when it is up 100% or 200%. And that would defeat the purpose.
It's just a very small group of shareholders on the HERB board anyway. And I don't care about the money. The goal should be clear. This has nothing to do with promoting a stock. Because outside of that small group of shareholders on the HERB message board nobody will believe me anyway. I've been around for too long to think that anyone can affect the price of a stock. You apparently haven't been. If I really wanted to promote a stock, I wouldn't be wasting my time on a dead IHUB HERB message board telling half a dozen people about it. lol. It's just more nonsense coming from you. Because you don't have a clue. It's almost funny.
It's the reality, Verstee. I have close to $1.3M in cash coming next month. And substantial monthly dividends starting in November. And not much to spend my money on. There is only one other stock I want to buy.
We are going to have BIG FUN. Really looking forward to it.
It's the reality, Verstee. I have close to $1.3M in cash coming next month. And substantial monthly dividends starting in November. And not much to spend my money on. There is only one other stock I want to buy.
We are going to have BIG FUN. Really looking forward to it.
ITUP/MyCow is not DOA. Neither is HERB. SIAF was dead meat and I made the right call 5 years ago. I have been telling people to sell that stock for many years. And it did sink to the bottom of the ocean eventually, as I predicted.
I don't even have to be right. But I am, with these companies. Which makes your attacks even more ridiculous and senseless.
MyCow may very well become one of the biggest market caps in the world in 5 years time. It has that much potential. Once we get past these liquidity issues. And I remain until today that HERB has hidden off-balance sheet assets that could easily be worth $20/share. I already told people that I will basically buy up the float myself once I have the money. So that the shareholders will benefit either way, even if the company is unable to reward the shareholders.
You don't understand anything. You post comments out of context to suit your purpose. And we can all guess what that is.
Let it be perfectly clear. You don't represent anyone. Not Dennis M, certainly not me, and none of the other employees whether in India or the US. Nobody.
And there will be no updates posted here, either from the company or from me, as long as these silly attacks continue.
Kudos to the Cow Fraud Prevention Team (CFPT). Is there a way we can help fund operations? You must have expenses 🤣
I think congrats are in order for the way the fraud prevention squad on this message board has evolved into an elite team of fraud fighters that would make the most professional organizations think twice about their own procedures and effectiveness. LMAO. 🤣
You talk nonsense, all the time. And you have ruined it for everyone here.
Sorry folks, the company is shutting down this space for good as there will be no more announcements. And given the way I am being treated, I will no longer be giving you updates either. And that is the end of it.
The company has decided that no more updates shall be given on this forum.
About the bank. Laxmi says we are covered by privacy. I think he means NDA. Well, yes and no. It's complicated. But he also agrees, once they start circulating our tokens it will be known in the public domain anyway. Which will be soon.
It's a very large bank with close to 55M customers globally and $1 trillion in assets under mangement. The other 2 banks are even bigger 😃
I don't know if they take Laxmi 100% serious. But they certainly take our business 100% serious.
There has been one lead bank (and partner) we have been doing business with since November. Laxmi mostly. And they have been working with 2 other major European banks. Teaming up with them. And another one in India.
Let me ask Laxmi if it is perhaps time we can disclose the one bank we have been working with. I'm just very reluctant to mention their name. Those who have been paying close attention should already know......
That is why I explained it Snow. They will split the stablecoins after every x cycles. Not sure if they will do the same with our SIRI equity tokens but it don't really matter.
I know the identity of the banks. And most people on the other forum do.
They are 3 very very very large European banks. Another one in India I think. They will become public knowledge very soon, would be my guess. It will be very impressive. That, and the trip to Anambra in Nigeria will be 2 events to look forward to, for the shareholders.
Not 10 times.
If the cycle rate is 5 days then we get 25% of profits and the investor 75%. I didn't feel llike (and probably shouldn't do) the same exercise on their behalf. If the cycle rate comes down to 2 or 3 days then we will get 50% of profits. In which case our SIRI could be worth $5,000 as it is a double win for us.
The way this works is, the value of the stablecoins will go up after every cycle because 1/2 is SIRI and 1/2 pure gold. But they will split them frequently so that they remain backed close to 100% by pure gold. That is the essence of a STABLEcoin.
Yes, the banks seem very enthusiastic. Also about the other stablecoins for plane seats and whiskey.
SIRI Security tokens
I had another look at the worksheets. The reason is, I don't think that the growth rate has been accounted for yet. And a P/E of 27 (they even used half of that) doesn't reflect fair value IMO.
So here is what I did.
First, I used a conservative estimate of the cycle rate, of 5 days. We may be able to bring it down to 2 or 3 days but let's use 5 for now.
Then, I calculated our share of the profits, and growth rate in Year 1 which = 801%
I then I had to estimate the growth rate for Year 2-7, conservatively. There will be some saturation but I don't know how fast it will occur. Laxmi can correct me if my estimates are way off.
I then used a conservative variant of the Benjamin Graham formula for growth companies, which means P/E = 1 x CAGR = 132
The result is shown below. As always, it is just another estimate. But what isn't in life?
Not going to turn this into a lengthy debate with you, Verstee. It is a fact that my 2-year contract ended on september 1, 2024. Therefore I am no longer employed by the company. Therefore I have the same rights as other posters.
Of course I am still involved. As are other shareholders here. That was never a secret. I will help where I can and look after my own interests as well as other shareholders interests. I am currently helping a number of people and that will continue for a while.
This isn't even funny, Laxmi.
You are willing to cancel Lilkithas appointment because one insignificant irrelevant anonymous poster expresses certain doubts about you on some irrelevant forum.
Perhaps a sanity check is needed?
Remember when I told you (2 years ago), that if this company ever has to deal with a short attack, it will not survive. Because you can't even handle one anonymous irrelevant poster without turning everything upside down. Let alone a professional team of shorts who will be able to exploit any weakness to the fullest extend. You even disagreed with me.
I'm not sure why I even bother. Because you simply will not listen to me. You are out of control. And there is only way this will end. In tears ...
There will be no vote, Laxmi. Because you already appointed Likhitha as CEO. No turning back now.
What do 2 anonymous posters and their (irrelevant) opinons have to do with your responsibility to pay your employees in India?
You are totally out of control and you are digging your own grave here.
And I have once again filed a complaint with Likhitha. The real Likhtha. Because you simply will not stop until you ruin everything.
STOP replying to people !!!!!!!!!!!!!!!!!!
I am getting messages from people asking for an update because they tell me that IHUB has become unreadable. Which means I have to waste even more of my time (updating them) because of you !
Do not get me angry ...........
Laxmi Prasad, I have warned you a dozen times. Please don't waste my time with your BS repetitive irrelevant posts and replies to certain people. Don't get me angry. Because you know you will regret it.
LMAO. For the 68th time....
Snow, the first dividend will be paid (I think by HSBC) out of Hong Kong. Future dividends may come from the US, HK or even Puerto Rico (our own bank).
So, waiting for the first dividend will tell you nothing about future payments. I suggest you send them 7 copies of W-8BEN so you are covered for all dividends for the foreseeable future.
Laxmi, major floodings in Nigeria
https://www.aljazeera.com/news/2024/9/12/half-the-city-underwater-one-million-affected-by-northern-nigeria-floods
One advantage of having our own supply of fresh water from the ocean (purified) is that we don't need a river. No river = no floodings. We are already planning this for Lagos. But we still have a river in Anambra. For the RAS projects.
Please keep this in mind. Floodings could become a substantial risk. The team is aware. But still..... One flooding could easily destroy the whole RAS project in Anambra.
Laxmi, I urge you not to waste your time (and ours) by replying to every poster. PLEASE..... we have too much work to do.
Yes, certainly helps to have 3 major European banks as allies 😃
Maybe you sent only 3 so far Snow. You should check. Most people in my "group" that I keep up to date have sent 5. I asked them yesterday to send 2 more. We all need to send 7 copies of W-8BEN (if you are from abroad = outside the US).
Send to IR@mycow.io