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That is one way to deal with it. I know someone else who lost his password and is unable to access his wallet now. But he can't be bothered either until we can trade the tokens at least.
I will check with Laxmi how many tokens you have. And send you a private message if it deviates from what you think you own.
Way ahead of you Laxmi. I already sent her an email 5 days ago. No response though.
But I didn't mention it could be more user-friendly.
What are you going to do with the bonus tokens (between mid january and now). This was discussed and supposed to be settled 2 weeks ago. It's getting in our way now, especially for Likhitha if we don't settle this now.
What are you going to do with the bonus tokens (between mid january and now). This was discussed and supposed to be settled 2 weeks ago. It's getting in our way now, especially for Likhitha if we don't settle this now.
Snow, you still don't have access to your wallet? Most people have received their log on details in an email.
Then you can see and check how many RISO tokens you own.
We also have 2-step verification active now on the trading platform. Which means you have to click a button and then a code will be sent to your email address which you then have to use to log on.
I'm just wondering what happens with all the money raised. 20% = 20M tokens x $27. The surplus cash is roughly 20M x $20 = $400M. You already mentioned this can be used by the company for operations. But who owns it? Is this this like a capital raise?
The other thing I wonder about is how the RISO tokens will be used to purchase and sell rice. Which tokens? Not the whole 20M I assume because you don't have that kind of supply yet? And then the profits will be divided by all 72M + 20M outstanding tokens?
I don't know, Laxmi. We will see. It's not all that relevant.
Yes, they probably trade more like SPAC shares during the first months. Flattish, low volume and boring. Hardly any movement.
Yes, same principle. Although I don't expect it to trade at a premium like stocks usually do in the overhyped stock market. There is probably going to be some selling pressure early on from some of the current holders but who really knows.
Laxmi knows how many tokens you own.
Snow, IIRC then you have close to 120,000 RISO. And 120,000 of every other vertical.
RISO tokens will be brought to market for $27. They will be issued to the public for $27. 20M of the 100M tokens will be underwritten by the banks. Same for gold and same for whiskey although I'm not sure if the price for whiskey has been determined yet. But gold is close to $27 as well.
Supply and demand. Selling pressure versus buying pressure. You know all this. The price will fluctuate. Supported (underwritten) by the banks, so that should provide some support for the token price. A year from now it could trade at $10 or $100. Depending on the factors we discussed previously like cycle rate and margins.
It's possible, that every token owner (there are close to 90 now) who owns more than 10,000 tokens will be a millionaire soon. Roughly 85% of the current shareholder base. Quite an interesting prospect.
Two series for RISO is what I heard a couple of months ago. But I recently learned there will be only one RISO serie. It's a security token and will go to market for around $27.
Karlacorn, I told you and indicated that we should expect more delays wrt the dividend payments, and I was right. The way I understand it, we have $50M sitting in Hong Kong now. First it needs to be cleared. Then we need to set up accounts. Even then we need 2 weeks in Escrow and double it to $100M before it becomes available. So I wouldn't target any dividend payments before the end of May. Best to keep expectations in line with reality, and be patient.
Laxmi is giving new meaning to the expression "Watching paint dry".
You'll be banned by admin in less than a week. They probably restricted your number of daily posts already. And it is sheer luck if they haven't already. But the result a few weeks from now is already known. If that is the future you want for yourself, please go ahead. And I will make sure that everyone knows you have been banned from the forum.
Yes, Laxmi. You shouldn't even be here. I warned you about this as well, beforehand.
The people I talk to (shareholders and friends) are losing confidence in you quickly now. And I find myself defending the company more than I want to. I'm not even supposed to be working now.
You can't keep delaying things all the time, miss targets and deadlines all the time. That is quite self-destructive for you and the company as a whole. It really doesn't take a genius to understand this.
Show us the money, Laxmi.
You should buy some HERB with that money and get in ahead of me. Because I'm going to rock the boat after I receive the dividends from MyCow.
Aren't you on a plane to Hong Kong yet?
I still see a lot of talk BUT NO RESULTS
There is nothing more for us to discuss. Stop this nonsense immediately.
You are still replying, Laxmi. This was so predictable. 100%. I may have to file an official complaint with the Board of Directors. That is what it may take. Because you will only learn the hard way it seems. Actually, I know this. You just can't help yourself.
The same market "rules" apply to this company. Every CEO thinks their own company is special but that's just an illusion.
The way things are now, you are better off letting both companies (MyCow and Interups) remain as private companies. Being a public company will negatively affect the market value of the shares and/or tokens, as we have seen in the past when Interups stock dropped as low as $2. This company doesn't have what it takes and it is certainly not learning fast enough. Certainly not listening to me.
Am I bothered by this? Not really. Because the MyCow tokens will still have good value for the shareholders, probably. But the $100 you are targeting for the Interups shares is not even going to hold. I'm just telling you now because it is the reality. The reality we must all face. Thank you.
And market capitalization is my domain.
If you want to get a proper valuation for your company, for your shareholders, then these things matter
- delivering results
- delivering on promises
- managing expectations
- communicating properly
- corporate governance
- and, being able to tell the story in such a way that it is easy for everyone to understand.
Many things this company has yet to learn
What doesn't matter all that much is
- revenues
- assets
- profits
- assets under management
- and how many tokens we are selling
This may come as a bit of a surprise to you, but that is simply how the market works.
Investors are just not that bright in general.
It's how they feel, that matters. Not what they know.
It's time to deliver Laxmi, and I mean it. Execute.... I don't think anyone cares about this soothing talk anymore.
The assets (stock) that the company owns has done well. Up 60% the past 6 months. Wow. That's a lot of money.
You say you will abstain from posting.
And you say you will post updates.
WHICH IS IT, LAXMI ???
Don't get me mad on this one.
But you said and promised several times that you wouldn't post here anymore...
Does anything you say have any merit?
Karlacorn,
Laxmi already told you half a dozen times that he will no longer post on this forum. Please respect his decision. It is what most people have agreed upon in light of recent developments (on this forum). In fact, if he does keep posting, he could be in real trouble. IMO.
I also told you, you will probably get an official email when we have the fixed dates for the dividend. From MyCow I suppose. It's probably mandatory as well, to inform the shareholders.
Now, if there is anything else to discuss or developments we can share, I will post it. But this will be off the record. Not official. And not guaranteed. As we are unable to give fixed dates at this point in time. You know this.
There isn't a lot to talk about. Laxmi has to travel to HK and set up banking there in the next 5-7 days. Then the dividends can be paid from there. If there aren't any issues. Just be patient.
You can't stay here Laxmi. It's not just that you have told us half a dozen times that you would no longer post here. It's also risky for you and me to be in the same place right now as we might end up in a fight. Not until the financing issues are resolved.
You can't stay here Laxmi. It's not just that you have told us half a dozen times that you would no longer post here. It's also risky for you and me to be in the same place right now as we might end up in a fight. Not until the financing issues are resolved.
Not going to discuss this any further in the public domain. But you know how I feel about certain things.
By the time this company pays the dividends, nobody is going to care anymore. Because of all the delays and frustrations that come with it. I have seen this several times before with other companies. I call these companies "loser" companies. Doesn't apply to me personally though because the dividends are so huge even relative to my normal pay.
This company still has some things to learn. At least we hope it will.
We just lost another week, Laxmi. If you fly tonight then you will have only one working day left for business activities in Hong Kong this week. I think we have all had enough of these incessant delays.
I'm sure you will all get an official email when we have fixed dates when the dividends will be paid. But we are not there yet and things are very fluid right now. Even the trip to Hong Kong was delayed by another day because Laxmi had to do a very important call.
Laxmi said in his last post that he will not post here anymore. Who really knows. I will update when I hear something. He should be in Hong Kong now. Then it will take a week or so to set things up there and pay the dividends.