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RD Thanks for the clarification!
Yes, the dividend is unchanged. But delayed by a couple of weeks.
If for some reason the money doesn't come from India by March 15 (which we don't expect) then you will get utility tokens (or SWIM Gold) instead. This is just to show that the company is committed to paying the dividend. But the intent is to pay the dividend in cash in a couple of weeks.
RD I need simple information. The compensation Laxmi mentions has too many details for me to act on. My understanding that there will be a remittance quarterly of 25 cents for a certain number of tokens, which in my case amounts to about 20,000 dollars, still holds good, does it not, but there will be another delay of some weeks? If that is the case I don't bother about any further compensation for the delay.
But another character has appeared! Watch how he covers up fraud! He was the initiator of taxes and that the payment was postponed. Either it's the same person or you're blinded by hope. But I want to assure you. I will write the next post to you in 3 months and confirm my words - There will be no payments or dividends! They are holding you by the nose and sucking out your money!
Don't believe everything you read on the internet.
The company is doing the right thing. Selling off certain assets in India to fund operations and dividends. Until operations can take care of the dividends themselves. $25M is coming from certain shares sold in India and another $27M asset sale. And there is a lot more coming as well.
Repatriation can be a bitch. Multinationals usually don't do it. For tax reasons. Although we could have done it sooner. But we don't live in a perfect world. At least the process has been ongoing since september/october and it can take up to 90 days to get FEMA approval in India. We are past the first 30 days now. The money belongs to the company so there shouldn't be any issues. The 2nd wire and beyond should be a lot quicker.
In the meantime we are also moving forward aggressively with sales. Obviously.
Check out this information! Who suffered from fraudulent promises and sent money to accounts. Write to me in a private message. And remember Laxmi Prasad does not forget and very convincingly lures you into the bait! There are people to whom he promised money in 2018-2020. It's 2024! I think he will live for the rest of his life on funds that he fraudulently obtains from people! Be careful! May the God in whom you believe be with you!
https://www.businessworld.in/article/The-Man-Who-Acquired-Nothing-But-A-Dubious-Reputation/02-11-2021-410860/
I am very sorry that you invested such a large amount of money. I warned everyone about fraudulent activity. But my messages were quickly lost in Laxmi's eloquence. Just read this article and you will know Laxmi in all his glory. And look how much is common from 2018 to this day. Promises! Promises! Both people and entrepreneurs are left without their money! I said that there would be no payments on December 22, and now on January 24 there will be no payments again. And I can assure you 101% that there will be no payments until 2024. Perhaps you will be offered to take more tokens for $0.01 as compensation). This is a fraud! Just check the information! I sent a request to Dr. Annurag Batra, with screenshots and correspondence from Laxmi. Because I want to warn more people!!!!
https://www.businessworld.in/article/The-Man-Who-Acquired-Nothing-But-A-Dubious-Reputation/02-11-2021-410860/
The redemption value of cash grant may be read as $0.0835 per Token held per vertical on the 3 verticals.
$0.0835 => $0.08333 + $.083333*8% per annum /12*3 Months (Dec 22 2023 through March 15 2024)
Thank you,
Laxmi Prasad
Dear All,
I am writing this note updating on the cash grant we promised to payout on the 24th of January 2024.
I regret to inform you, it is still taking time for us to have clearance from the regulatory which is causing the delay.
By Law we should receive confirmation or questions for clarification from the Regulatory within 30-90 days time.
We crossed 30+ days and if at all we should have any questions then we are told we should receive it anytime after the 45th day.
This forces me to write to you that cash grant payout in the amount of $0.08333 payout per vertical on the three verticals will be delayed further.
And we are advised that the release of investment clearance will take another 15 - 30 days if not 60 days in the worst case scenario.
However, I wish to firmly undertake certain of the company's commitments that it promised by securing,
(1) Cash Grant to the 3 x Vertical Shareholders, including any tokens granted to the group Staff whether as bonus or in lieu of Compensation
(2) Redemption of Investment (Original Investment + 8% ROI until Redemption Date) to certain ITUP Shareholders who invested and remained with us for a long-term but not shown interest to subscribe to the verticals;
(3) Return of money to those who for a long-time extended money to us and supported / played a critical role in our existence and continuance until today; and lastly
(4) Compensation payable to the staff whether US or non-US and whether permanent or independent contractors
For the Sums promised below,
(1) Cash Grants @$0.0835 [0.08333+0.06667% PER MONTH * 3 MONTH] per token held in each of the three verticals whether as ITUP or CCAC shareholder or as Staff (employed/independent) of the Group
(2) Redemption of Investment summed up @ 8% ROI until the date of redemption
(3) Repayment of monies extended, summed up @ 8% ROI until the date of redemption
(4) Gross Compensation summed up as of January 31, 2024 without any exclusions or adjustments including any issuance of token against any pending compensation as of January 31, 2024
We will issue Utility Tokens redeemable in Gold Grains at spot value or traded off online anytime after the redemption date...
Redemption Date(s) -- March 15 2024
THESE UTILITY TOKENS WILL BE BURNT IF THE GROUP PAYS ITS COMMITMENTS LISTED ABOVE IN CASH BEFORE THE REDEMPTION DATE. OTHERWISE, RECIPIENTS MAY REDEEM THEIR VALUE FOR GOLD GRAINS AT (GOLD SPOT ASK/480 GRAINS PER OZ)*1.01+1.25 PER GOLD GRAIN OF 999.9 PURITY ANYTIME ON OR AFTER THE REDEMPTION DATE.
ALTERNATIVELY, AT THEIR CHOICE AND DISCRETION, RECIPIENTS MAY PARTICIPATE IN GOLD SWIM (SYSTEMATIC WEALTH & INCOME MULTIPLIER PROGRAM) BY ASSIGNING TRADING RIGHTS THE GROUP TO TRADE IN GOLD FOR 8% ANNUAL RETURN + 2/3 PROFIT SHARING OVER AND ABOVE ANNUAL RETURN (IF THERE IS ANY SURPLUS).
OUR TOKEN ISSUANCE CELL SHALL START WORKING ON ISSUING RESPECTIVE NUMBER OF UTILITY TOKENS TO EACH QUALIFYING MEMBER LISTED UNDER ANY OF THE 4 OBLIGATIONS THAT THE COMPANY OWES AND RESPONSIBLY COMMITS FOR.
How these Utility Tokens help the beneficiaries -- Utility Tokens are performance deliverable tokens and put the company in contractual obligations like any other negotiable instrument, following Article 3 of the Uniform Commercial Code (UCC). Company as an issuer will be liable for any performance failure on or after the set redemption date for each of the obligations listed above.
Sincerely Thanking You all,
LAXMI PRASAD
Dear All happy to share, Nityaanna is submitted as 501(c)(3) organization to the California state with its purpose to offer and distribute free meals through religious, charitable institutions and public bodies!!
Dear All happy to share, Nityaanna is submitted as 501(c)(3) organization to the California state with its purpose to offer and distribute free meals through religious, charitable institutions and public bodies!!
Dear all ---
As I have explained earlier, whenever a large remittance happens, it is a standard process and procedure to have both tax and FEMA clearance.
And there is a certain regulatory procedure that typically should be followed. Typically, if there are any clarifications, we would have received by now - in the worst case scenario within the 45 days time frame though it will stretch up to 90 days especially when transactions are of large value and the transfer is for the first time.
Regulatory will ensure that every thing is in proper order.
This said, if we are getting beyond 24th January, I am planning to address the promise in a different way which I am sure everyone will throughly be pleased....
I will post my message on this later today evening once I receive fresh updates on the timelines,
Laxmi Prasad
Dear Laxmi, you were planning to provide a dividend confirmation update on Thursday (yesterday). I'm sure you're quite busy so I would like to respectfully frame my perspective (understanding) and offer an inquiry.
The ROI deadline has now equated to three different dates adding up to more than a 4 week delay. Please do not feel obliged to offer a protracted reply, as I know you're busy. Please simply confirm that dividends will be deposited into investors accounts on January 24, 2024.
Thanks for the work. Looking forward to the good news!
K
karla I am impressed to learn about your extensive experience in this field. I would think it is a serious impediment to business activities when it takes weeks to transfer money from India to other countries and when it is unpredictable when it can happen. India is growing fast and I would have expected it to be a high priority to do away with this type of impediment to growth. I too hope that we will receive our remittances before long.
Hi Snow. It's surprising to me as well. I've spent nearly 20 years in international business (fortune 100 and mid-tier, including the India geo) and have seen a broad range of fund transfer sizes and compliance complexities. I guess I've been lucky to experienced stated timelines promptly executed. In some cases it would have been devastating otherwise.
Looking forward to the good news today!🤞
K
karla India is now the most populous country in the world. Other countries use Indian computer services to a great extent. It therefore comes as a surprise to me that in some ways India appears to be so backward that it takes weeks and weeks to transfer electronically a sum of money from India to a recipient in the USA.
Thanks for updating to my query. It's too bad their recent assurances for remittance (anytime before the 15th) were off again. I'm sure everyone is hoping for clearance...
K
Hopefully clearance will come soon, thanks for the update.
Laxmi,
Thanks for the update!
There are no queries or clarifications on file for money transfer as of today — for clearance they are just going by sequence — due to number of requests and the outflow size it is taking time!!!
We should hear it soon !!! I will update the status back on Thursday...
We will know by today evening 6.30 pm Karlacorm...
Dear Laxmi, looking forward to the confirming update! 👍️
Sure, respected. But the idea is not "whenever the company sends an email", but rather when there is something like an important shareholder impacting deadline is approaching. That's a business-as-usual construct. Certainly not for you to do from your role, but normally afforded.
No worries. Just thoughts from the choir. 👍️
K
It doesn't matter what you do or how hard you try. I'm not going to post reminders on IHUB whenever the company sends an email !
Dear All,
Today, the 10th of January 2024, is the most day of my life --
Not sure, what happened to me that day, but around 3.45 AM on the January 10 1983 (I was 17 and Geetha was 16)
I touched my grandmother's feet and went and tied marriage knot (wedding formality) ...
We were hardly 3 months into our friendship when I abruptly made this decision in those times...
But It's been 41 years of memorable life with her and I deeply appreciate her for this incredible journey!
We have been through many roller coasters in our lives but she always stood by me ...
On this auspicious day, I would like to make a very important announcement ---
Each member in our group whether a shareholder or staff are like our family within
Their undaunting patience and sacrifice are leading to our survival and success
and Today we have achieved a certain important milestone like a major bank and its innovation team recognizing the potential we have created..
It's the culmination of the efforts of all of us...and nothing we would have achieved without the enormous patience, risk and tolerance followed by one and every member in the group... In their own way...,
I would like to cite --
some used up their personal cash for business of the company...one living in a tent but still hoping a roof under sun, some despite fighting the bloodiest health trusting us...a soldier trusting us even while getting bombed...some defying their ages...and some defying their daily survival even...
I would like to write on the wall -- We are all like a Cockroach (insect) Team that never dies even if life is reversed ...legs are besieged...
We just fight in patience and outlive our suffering... and that deep fighting spirit in us is giving us this success...
Such a strong success that I can confidently write today....each of the 15 odd verticals that we are planning to activate will be multi billion dollars worth...
And 2024 beginning, we will be moving deep into the life cycles of these verticals....
I attribute every piece of this as our group effort ....
I would hence like to revere and venerate everyone's efforts by introducing 2 important benefits on this auspicious day ----
(1) Group Profit Sharing Plan with 5% Token Equities (5,000,000 initial tokens) set aside for the Group in each of the verticals - 2/3rds of it goes to the staff and 1/3rd of it goes to ITUP & Cow Shareholders in verticals
(2) Group Welfare Fund with 3.33% Token Equities (3,330,000 Initial Tokens) set aside for the Group in each of the Verticals -- 2/3rd of it goes to the staff and 1/3rd to ITUP & Cow Shareholders in Verticals...
All dividends accrued and any gains in market valuations and disposal of tokens from these accounts accrue to the merit of the group in the ratio 2/3 : 1/3 between the Staff and the Shareholders... 2/3d to the staff because it is their effort that results and yields success.....
Danielle will framework the policies, guidelines for withdrawal/loaning of profit / value generation and yearly distribution rules etc.,
Let us become one of the largest and strongest Corporate Families spreading length and breadth across multiple geographies ...maintaining values and ethos and the high octane and visionary abilities we have as our inner self...
Wishing the best,
Laxmi Prasad
While your position is appreciated and respected, it is curious because you seem to have no issue reminding people to buy into verticals, and suggesting they take out loans to do so... seems a bit of a contradiction in "policy". Reminders are one of the most common and appreciated forms of communication.
Respectfully,
K
You're not up for the role as CEO?
(Chief Email Observer)
I'm not going to remind everyone on IHUB every time an email has been sent to them.
RD I accept that information not suitable for this domain is not published here. However, I find it hard to see that it would be a problem to remind shareholders that a circular to them has been e-mailed. Then we can check our spam boxes. It is easy to forget doing that very often.
Dear Fedel,
I believe in God and I do everything to my conscious best
I have never crossed my steps of conduct ...
I am writing this to tell that we do do not need to prove to the world what we are
Our Conduct, God will analyze us through every bit of our life and to recognize or not recognize our merit is him and not the world...
I believe that we are just his messiahs ....His fairness and judgement is what matters in our existence...
Dear Fedel,
There is no obligation nor it is mandatory.
Company offers certain benefits in a certain way...
But it will not be possible for it to do certain things like searching a buyer or lender --
If you have anyone who can do that for you so you will take ownership...Please do go for it...
On any qualified holding in any of the verticals that offers cash grants, one will sure receive cash grants that we promised.
Rest of the verticals will become an offer to purchase in open market...but again at one's will and wish...
There is no obligation to purchase nor subscribe and no pressure from our end...
Sincerely,
Laxmi Prasad
Dear Laxmi. I'm with you! We believe in you! Show others that they were wrong about you! And perhaps I will visit you in the near future, if you allow. Good Luck!
What if someone chooses not to pay token subscription amount(s) before the 4th of December 2023 --
(a) Their TOKEN allocation will be kept in abeyance until Feb 29, 2024 (this means they will have time until 3 months to subscribe)
(b) The subscription price per share will no more be @ $0.01 but $0.50 effective 12/5/23 through 1/15/24 and at $1 thereafter until 2/29
(c) Failure to subscribe, the company shall forfeit the stock grant and transfer the stock into treasury and it will be at its freedom to sell or dispose off these stocks to other willing investors at the rate it desires to sell such stock.
(d) No cash grant/dividends shall be paid by the company on any such unsubscribed shares
Great, I've found a plan of action. Subscribe until February 29 for $1. Then I will buy 7200 tokens from the dividends I receive. After all, theoretically they will cost
10$ and I will get 900% for 7200$. If there is no payment by February 29, then I risked $900)
Your plan won't work. The person selling the shares to you for $0.05 would actually be worth $10. This could result in a number of problems for you. Taxes being one of them.
Gotta get that loan.
No thanks. I don't need a loan. I last took out a loan for 8 years and paid it off 8 years ago. I love freedom and not thinking about the next payment. I'll probably get by with 3 verticals. I'm still waiting for a response from Laxmi. Thank you.
What you need is a loan. The person offering the loan can wire the money to Sura Inc. on your behalf in your name.
Then, after you receive the dividend, you pay back the loan with several 100% premium.
Most people don't have any money though. But perhaps you can find one person.
Not everything may be suitable for this domain. Not everything will comply with IHUB terms of service. We can't use IHUB for official purposes. Future emails will also be sent from Dhan (or Cow). So you should always check your spam inbox.
Dear Laxmi. Do I have the right not to buy other verticals? What about having the ones you bought and receiving dividends on them? Since I expected to receive a payment on December 24 and buy verticals with it. Or buy them for me, I'm even willing to pay 5 times more. You can send me dividends on January 16 minus a 500% purchase premium. I think this is a great deal. Maybe one of your employees will agree to such a deal? He will buy for me at 0.01 and you will send them my dividends at a price of 0.05. Thank you!
RD I suggest he inform those who read this board when an e-mail has been circulated. This sort of thing has not happened before. Perhaps there were a lot more recipients this time than in the past? It is hardly wise to send e-mails that have to be acted on fast in a way that some recipients will not receive because it has been filtered out as spam.
You should always check your spam box.
Laxmi sent the email from his Dhan account.
Next time he will send it from his Cow account and it will go into your spam box once again.
RD The one I did not receive was in my spam box. I seldom check it.
Dear Laxmi
I have received it now.
Check your spam inbox, Snow.
No need to. I already have it.
I will include the personal mail ID again...
I just copied to your work email this time...
but for snow, it is the same email ID...
I didn't receive it in my personal account either.
I had to send it form my work account to my personal account before I could send it to my connections/friends.
And usually I don't have to do that.
I just copied to you on the work email in your case RD...
Snow is there on the list and its the same email ID that I have been using it for him over a long time...
I also didn't receive the email in my personal email account. I did receive it in my work account and also in my Yahoo account.
Usually I receive this type of email in my personal account (and not in my work account). So perhaps you didn't use the proper list.
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