Interups Inc (ITUP)

[PaladinOcean33]

I run a couple of businesses in India too I am well aware about the costing of per seat at co work station specially when they are being shared on a contract basis for months or years. Stop fooling around with some hypothetical figure of 48,000 INR even customised packages are not that expensive. 12000 INR is the least price and it hardly goes up in this segment. Are you again trying to show a big cost to your investors and with big figures and trying to seek investments from them for the business which does not physically exist in this world? Poor Laxmi do not worry I will definitely not let you seek any investment for your ponzi account and schemes

[MaterialMind]

Nice! Hope it will be finished promptly. Safe travels!

For the desk space pricing, 48,500 INR per month? About USD580? I'm not an expert, but it sounds a bit pricey?

[PaladinOcean33]

You're the one who I have seen fighting for your money
He still won't give you a date for dividend and throwing some random dreams in front of you and all

Don't fall in his ponzi schemes

[palaypu0406]

Dear All, I am done dealing with pigs.
Now Let me update all on the happening....
The local regulatory will be updating of its payment receipt today sometime
I am planning to complete opening the operating accounts in HKG this coming week...
that will get us into payments. I do not wish to promise a time but I can write we are working through it.

We were able to list Gold @ 27.54 per token and Rice @ $27. I am working on whiskey unit pricing ...
We have officially launched RE Fractional Asset Ownership effective today in India -- There is no asset tokenization in India but fractional ownership...We are incorporating AMF from Switzerland this 22nd we have our call with the attorneys from EU on this..
The Banking Group is ready to integrate and in the next few days we will be receiving agreement terms...
we have a 1:9 and 1:5 financing arrangements with the bankers... and any underwritten product, this banking group will pay and buy tokens from us. We have agreed to set aside 10 M tokens in the Group's favor..
We are negotiating office space in Mumbai BKC area to staff around 300+ members...Each desk space will cost us 48,500 per month including all amenities and Utilities with 24x7 access.
69 members are currently working for us from and out of Mumbai ...

Rest in a few days...

[karlacorn3]

Dear Laxmi, based on the previous communications I don't understand the status?

Thanks
K

[PaladinOcean33]

Do you really think million dollar entrepreneur have time for all this?
But laxmi have now you all figure it out what he is planning & how ponzi schemes runs just on advertisement

[PaladinOcean33]

That means never @karlacorn3

[palaypu0406]

I will keep you posted once done Karlacorn3....

[karlacorn3]

Dear Laxmi. Great to see all the calculations for future ROI(s). Is there an update on the two dividend payments?

Best regards,
K

[MaterialMind]

That's a real nice ROI. Too bad we cannot bet on Bruce Willis anymore, at least not at the moment. We'll have to wait for the AI-version. He's one of my favorite actors. Sad to see him falling ill, the last movie I saw him in... he shouldn't have been acting at that point, felt like they just wanted to put his name on the poster one last time, to squeeze out some extra green.

[RealDutch]

Here is an investment that makes "sense"

The movie "The Sixth Sense"

Budget : $ 40,000,000
Yield: $ 672,806,292

This is the charm of investing in movies. Kind of like winning the lottery.
(Always put your money on Bruce Willis)

[palaypu0406]

yes, I agree with you RD, it is not the money but timely supply of rice, gold & whiskey and the rotation efficiency...

[palaypu0406]

The ban will lift after elections are done this May ...and it is needed as war-prone West Asia consumes basmati rice heavily.

[RealDutch]

But the inventory requirement (cash needed) is only $10M. That shouldn't be a problem? What matters more IMO is the supply you can get.

[RealDutch]

Says here the export ban might be over in June.This would increase the size of the market by a factor of 8 - 10 maybe, when regular rice is included.

https://www.agribusinessglobal.com/markets/navigating-indias-rice-export-ban/

ABG: When do you predict the ban will be over?

JM: Given the estimated fall of rice production in India, we can expect the ban to end by June this year.

[palaypu0406]

True RD, everything depends on how efficiently we manage the inventory turnover...and bring down the cycles period.

[RealDutch]

5 million tons of Basmati rice was exported by India last year.
(10,000 x 24 cycles) / 5,000,000 = 4.8% market share. For India.

[RealDutch]

10,000 tons = 10,000,000 kg.
Per cycle I assume.

Profit is close to $0.85 per kg.
Profit = 0.85 x 10,000,000 kg x 24 cycles per year = $204M

So the P/E used = (100M fully diluted x $27) / 204M = 13.2
Seems about right to me.
If my calculation makes sense.
And what really matters is, how fast you can grow.

[palaypu0406]

Dear RD,
It's just the one series, RISO with 100 million tokens -->
22,046,226.2185 LB covering 10,000 tons ie. 2,204,6226.2185 Tokens will be circulated for Rice Trading & Wealth Creation.
Of this we are covering 1,089,000 LB (108,900 10 LB Bags) as our initial inventory (493.96 Tons which is approximately 500 Tons).

[snow]

RD Thanks! What you state suggests that perhaps Digishares uses the Ethereum blockchain technology?

[RealDutch]

Ethereum is a blockchain technology/network and Digishares is a trading platform. They are not the same. One cannot replace the other IMO. Although my knowledge of this is limited in general. I'm not aware of cancelling or replacing Digishares.

There are indeed some major developments going on with several banks that may or may not involve Digishares. But again, I'm probably not aware of the details 😄. And it is best for me not to discuss this publicly.

[snow]

RD There is another point that puzzles me. My impression used to be that the platform Digishares was the one to be used. More recently I had the impression that Digishares was not to be used any longer and had been replaced by Etereum and I think you presented a schreenshot about RISO using that platform. Has the latter been discarded and there is a return to Digishares? I understand that cooperation with some big banks in Europe could make that change of trading platform desirable, since my impression is that Bitcoin and other trading platforms like Ethereum are regarded with suspicion by some banks that fear laundering of money.

[RealDutch]

Could you explain please how this works? The way I understand it there will be 2 series or RISO. One is our equity (the 77M RISO tokens that have been issued) and the other one is the token being offered to clients backed by Basmati Rice. How many kg is it now? Is the price the same or different? Or is there just one serie?

I guess the same question applies to gold.

[palaypu0406]

Dear All, very happy to write to you that today we could successfully trial trading of RISO Token on the market place module -- we listed the price @ $27 per RISO token. We plan listing the initial offer on SIRI (Gold SWIM Token) for $27.54 as at this price, investment is expected to offer 100% returns in 5 years time on a 15 days inventory cycle, if other factors remain neutral (Investor has to make their own prudent judgement or consult with their professional investment advisors prior to considering/making any investment and not consider any of company's hopes and expectations on the token price as guaranteed though the company and its management and staff may put their best effort and practice). Now that we have achieved a successful trial run, we will be discussing with Digishares and the Banking Group to set the trading platform active.. This is expected to change our dynamics rapidly. It brings me tons of happiness -- cant express but I am in tears for all of us )
Will be relaying public circulation very soon once we discuss with the bankers and Digi shares, but the trading platform is ready. Gaining strength )

[Shaunhornback]

The email was resent today so I was able to set everything up. The updated wallet shows my tokens now, thank you!

[Shaunhornback]

Thank you for your response, I was checking the portfolio I created. I don't believe I received the email with the additional wallet and tokens so that may be the issue.

[palaypu0406]

Dear Shaun,
You were indeed issued with tokens and let me check with Likhitha if the mail confirming your tokens and wallet details.

[Shaunhornback]

@RealDutch Hi, what should I do if I haven't received any tokens in my portfolio yet? I sent an email to Laxmi and Likhitha but haven't received a response yet.

[RealDutch]

The difference is one year.

For tax year 2023 I have to use January 1 for wealth tax. (we didn't have any tokens back then). You have to use december 31.

[snow]

RD To me it looks like a difference of one day.

[RealDutch]

You have to report what you own, on december 31, as far as I know.

For Norway it is december 31 for 2023.
For The Netherlands it is January 1 for 2023. Difference of a year.

[snow]

RD RD Thanks a lot for this assessment! I feel this is the simplest way to assess the value at the end of December. The situation being what it is I think I can present this number to the tax authorities in good faith.

[snow]

RD I really meant the turn of the year. As far as I remember if the value is 10 (to use an arbitrary number) at the end of December and 11 at the beginning of January the relevant value is 10.5.

[RealDutch]

Yes, that will give him something to do 😄

[palaypu0406]

Thank you and please also copy Mike so he can follow the calculations for the rest,

[RealDutch]

I will recalculate the bonus based on a $10 price. Outstanding as of April 15. Issue date will be April 15. For income tax we will use $25.
That would be best. I am far more comfortable with an issue date of mid April for these than mid January (which would result in a conflict for whiskey valued at $0.01 on Jan 16)

I will send an email to Likhitha in an hour or so and a copy to you.
You can decide and make it final tomorrow.

[palaypu0406]

We are not changing the previous bonus, it is only on the current conversion on the remaining that will have $25 price adoption for issuance of additional bonus tokens.

[palaypu0406]

Given the markets for Gold (what we assumed in financial estimates as the expected price of gold $2422.26, we have seen breaching it today itself), rice and whiskey, I am sure we will have a decent upscale by the year end, given the war environment and sluggish economy coupled with inflationary pressures and high dollar value vs other currencies...

[RealDutch]

Actually in this case I will get less tokens (for $25) than I had previously (for $10)
It doesn't add up.

[palaypu0406]

We adopted $10 as value during 2nd Half of January ..Base Value for Dec 23 remains $0.01
For 2024 Dec, we should be prepared for a market value above $25 given the current trend that sequenced us to set the price @ $25.
99.99% it will not be less than $25.

[RealDutch]

It is fair to compute until the April 15 as we are paying out after this date. This should hence be recalculated RD. please update Likhitha and I will ask Mike to redo this for all others.

Sure.
We need to do this quickly. Before she starts issuing gold tokens.
And then we will use an issue date of April 15.

For Income Tax purpose, Income will be $25 per token x number of bonus grant tokens ...

Yes. It will be huge. Let's hope the price doesn't collapse afterwards. Then we will have to think of something else (for tax year 2024)

[palaypu0406]

It is fair to compute until the April 15 as we are paying out after this date. This should hence be recalculated RD. please update Likhitha and I will ask Mike to redo this for all others.

For Income Tax purpose, Income will be $25 per token x number of bonus grant tokens ...

[RealDutch]

Huh? The wealth tax applies to december 31. In Norway. (In the Netherlands it is Jan 1, so one year later). He needs to know the value on dec 31, for the wealth tax.

[RealDutch]

Nothing to worry about Snow. You should use $0.01 value for the wealth tax on dec 31 for the 3 verticals.

Two reasons.
1) as of dec 31 these 3 companies had zero revenues and income, so it shouldn't be hard to convinve the tax agency that they had no value.
2) Even now, the nominal value is $25. Which is not a guarantee it will stay that way. Only if the company executes its plans. The market value as of dec 31, 2024 will be determined by the price it trades at. So for 2024 it should be easy to determine. In fact, we will probably get an overview of the value of our wallet from Digishares, same as any other broker. Which we can use to determine the wealth tax, starting in 2024. But for 2023 we will not get such overview because we didn' t have a wallet yet.

[palaypu0406]

The valuation basis may be taken as being adopted on today's date and not as of 12.31.2023 Snow...

[snow]

Dear Laxmi,

From one point of view the sharply increased valuation sounds fantastic. If those values had obtained at the end of last year the result would have been a wealth tax for me based on just these three types of tokens of about 60,000 dollars. I would have to sell shares to pay that tax which would mean that I would have to sell about 50% of my shares. This causes me to worry.

[RealDutch]

Issue Date for Bonus should be assumed as April 15 as we are compensating these tokens until this point as outstanding.

But I calculated the number of bonus tokens based on outstanding as of mid January. I'm not aware of a later official email that requires us to recalculate the number of bonus tokens. So what are we going to do about this? Do I need to recalculate and inform Likhitha? It's not that I care about a few bonus tokens more. But using an issue date of April 15 makes a lot more sense if we are going to use $10 and doesn't interfere with the other tokens issued for $0.01 on Jan 16.

Other employees may have used the date to calculate as I did.

Also, I don't know yet what a half month of April means as I am working less hours than full time. And why should march or april be included because the money is not due until April 21. You need to be more precise about what to include and what not in the outstanding.

If we include 1/2 of April then we'll have to rectify later.

And the base value for Bonus Grant should be $0.00 as it costs nothing to the staff.

Not sure what you mean. For the income tax it is $10 per token, right? I'm not interested in capital gains tax.

[palaypu0406]

The base value would be $0.01 except for tokens issued for staff in 4 verticals @ $10.00 against outstanding compensation.
Issue dates are the dates you have input RD...
Food Carts -- We can take Dec 22 as the date for issuance...
Whiskey & Plain Seats It is 16 Jan 2024...

Issue Date for Bonus should be assumed as April 15 as we are compensating these tokens until this point as outstanding.
And the base value for Bonus Grant should be $0.00 as it costs nothing to the staff.

[RealDutch]

2.5 x more taxes to pay. On the bonus tokens that were issued to employees in January. (For the income tax in 2024)

( Question1) Do you have an exact issuance date for the bonus tokens? I'm going to need it to determine the exchange rate (on a certain date) for the income tax. Makes me wonder whether we shouldn't just use $0.01 as value for the bonus shares that were issued to employees (Question 2). However, the number of tokens were determined based on a $10 price. So perhaps we should still use that price? For the income tax. Although, the only reference transaction price we have is from late 2023 and it was $0.01 then.

These are the issuance dates I have for now.

Verticals Issue date

Gold - 15-sep-23
Rice - 15-sep-23
Food Carts - dec-23
Whiskey - 16-jan-24
Plane Seats - 16-jan-24

Perhaps you have a more exact date for Food Carts? (Question 3). Again, I need it to determine the exchange rate (in Euros).

And this raises another question. If the whiskey tokens were issued for $0.01 on Jan 16 then how can the whiskey bonus tokens be valued at $10 at roughly the same time? Because the bonus tokens were issued in January. (Question 4)

[palaypu0406]

Dear all—
Very happy to announce that we are moving our token value to $25 per token and adjusting the asset quantities to match the token price — this is what we are being advised — to move the price on gold, rice and whiskey token pricing from $10 to $25 given the current market situation.

There is heavy absorption into these commodities for preserving, stocking and redistributing because of the war zones and other stressful conditions the world is passing through and I am advised that it makes no sense to undervalue the token but manage the price and stabilise it with optimized inventory turnover and supply chain management …

I have asked Likhitha to set the valuation henceforth and I will be submitting to the banking group our revised valuation estimate before I leave for Hong Kong and we unlock the trading in tokens ….

Very happy to share this development as each token will be worth 2.5 times more now...

Laxmi Prasad