Interups Inc (ITUP)

[snow]

RD I have tried to do some calculations of the value of our RISO tokens based on some very uncertain factors. Let's assume 24 purchases of rice in India in the course of a year and a profit margin of 10%. That would result in profits of 24 million dollars in profits if each purchase was rice for 10 million dollars. Let's assume a p/e ratio of 20 and 100 million tokens outstanding. That would mean a market cap of 4.8 billion dollars or a value of each token of 48 cents as far as I can see.

[RealDutch]

Regarding the value of our RISO tokens I get the impression from your post that there will be about 70 million tokens. I have had the impression that there will be 100 million. This is quite significant when it comes to the value of our tokens.

A lot of the legacy ITUP shareholders didn't subscribe for the vertical shares at $0.01. Presumably because they don't understand the value. But that is not our problem. Their loss is our gain. The company has given them every opportunity to subscribe.

That's why we should be close to 70M RISO outstanding. However, we are also selling some to Interups. So I would make it 100M fully diluted.

[RealDutch]

Yes, Snow. Usually we get 10% sweat equity (could even be 20%) plus 2% management fee per year plus 1/3rd of profits above 8%.

[snow]

RD What you write here is that there are two different kinds of RISO tokens and that the ones we get are different from the ones that will trade externally. Actually, this is very interesting in some ways. I suspect that the volume of trading will be a good deal lower than for the other kinds of tokens. The prices are likely to be quite different too even if the price of our tokens will indicrectly depend on how well the business is going which will again decide the price of the other tokens.

For us I assume the management fee is important when it comes to the profits. Moreover, we will be entitled to one third of the gain above 8% if I have not misunderstood. From the revenues the expenses will have to be detracted. Of course we could also buy the other series of the RISO tokens if we want to. Since you write that these tokens will be backed by 10 LB of Basmati rice per token, I assume that they are not trading so far. If my memory does not fail me Basmati rice is a good deal more expensive than some other types of rice.

Regarding the value of our RISO tokens I get the impression from your post that there will be about 70 million tokens. I have had the impression that there will be 100 million. This is quite significant when it comes to the value of our tokens.

[RealDutch]

Most of the rice is sold in the US. I'm not aware of the details.

We are looking at 30% profit margin. One reason could be, usually you need expensive bank loans in order to be able to trade it (internationally). We are also making it easy for the supplier by buying it from them (at the source).

Laxmi will share the numbers with me later today. But we already know that the issue price of the RISO tokens that are issued internally is close to $10. Which would give the Rice vertical a market cap of $1 billion assuming 100M tokens are outstanding (after dilution). This is all as expected. The RISO tokens issued to the public/investors could be worth > $100. But not that relevant for us. You can do the math yourself if you assume it cycles 12x per year.

Gold SWIM trades in a similar way. They have been doing this for a long time already. And we will also have SWIM for Plane Seats.

Again, I am not aware of the details. I have been working mostly on the 5 projects in Nigeria together with Alex Anigbogu and we have an Aqua RAS team of 5 strong as well, in Nigeria. Those developments will speed up soon when the funding arrives. But I haven't been working on much else so I am learning just like the rest.

[snow]

RD This makes sense but I think even so Ihave to pay a wealth tax on the others equal to what I paid for the tokens to be issued a later year.

[snow]

RD Thanks a lot for clearing up things! What is most important for me is this: "
RISO are the security tokens now reflecting ownership of the vertical company. Same function as ordinary shares." I thought this was one possibility. But I also thought it might refer to something like PADDY with the difference that the 10 LB of rice served the same type of function as a certain area of rice paddy.

You mention that the rice is purchased in India. Where is it expected to be sold? Is the business concept that it is purchased at a significant lower price in India than what it fetches in other countries, and that a profit is thereby generated? If that is the case I find it hard to understand why this is possible.

Moreover, I don't undserstand at all is how it is possible to decide the value of the RISO tokens if they are not freely traded and the trading has a certain minimum volume, so that the price the tokens are traded at is not arbitrary or flutcutates a lot because the volume of trading is very low.

[RealDutch]

This is new for me too. And for most of us. But I learned some things today. About SWIM.

The RISO tokens that are issued now internally, close to 70M, are like the shares in a company. The profits that are generated by the company are divided by the 70M tokens. That is all there is to it.

The tokens that will be sold to the public are also called RISO. But they are a different series. They function differently. They have different values. These tokens will be backed by 10 LB of Basmati rice per token, and they will cycle 12x or 24x per year. The client will get 8% return minus management fee plus 2/3rd gain above 8%.

[RealDutch]

There is no wealth tax on Plane Seats and Whiskey for 2023. Because they were issued on Jan 16, 2024.
Only Gold, Rice and Food Carts are relevant for tax year 2023 (in Norway).

[RealDutch]

It doesn't work that way. There are no MyCow tokens. They do not exist. You can look at MyCow as the parent entitity of all the verticals. Which is officially called Cow Group (I think). With MyCow being the brand name.

So, for rice we have 3 tokens
RISO = security token and SWIM (Systematic Wealth and Income Multiplier). Backed by 10 LB of rice per token. You are basically granting rights to the company to trade rice on your behalf. And they will cycle it 12x or 24x per year, generating profits on every cycle. Rice is purchased in India (now).
AROZ = utility token. Not active. These usually get burned when the rice is physically delivered.
PADDY = fractional acres for rice farms. Also not active yet.

RISO are the security tokens now reflecting ownership of the vertical company. Same function as ordinary shares.
And yes, 84 accounts have been created. With RISO tokens issued. The same way that ordinary shares can be issued.
The other verticals will follow soon. Gold, Food Carts. And then Plane Seats and Whiskey.

The RISO tokens should be worth close to $10 per token. We will know soon.

I hope that is clear.

[snow]

RD I appreciate your discussing this in a non-committal way. The deadline for my return to tax authorities is the end of April. To me it makes sense to use what I paid for the tokens is the natural valuation of the verticals at the end of last year - at least for the vertical shares that had not been issued at the turn of the year. As for the three that had been issued before the turn of the year it may be more complicated. If each of Rice,Gold and Wood Carts had had real assets injected into them before the turn of the year it would seem natural that the value at least reflected those assets. If the tokens had been freely traded with some volume I get the impression that the value for wealth taxation in Norway would be the value the myCow tokens were traded at, or the implied price for those tokens based on the price the rice, gold and Wood Carts tokens were trading at.

[snow]

RD You may have misunderstood my question or I may have misunderstood the information about the rice tokens. I have had that the rice tokens themselves and not the myCow takens that we were to receive have started trading. <in other words, one vertical has a certain number of rice tokens that I thought have been trading for some time. I now have a feeling that I have misunderstood and that the numbers refer to myCow tokens that relate to rice and that the number 84 refers to the number of people that have received digital wallets including some rice tokens - whether that is myCow tokens related to rice or the tokens that that those who trade the rice will receive. This may be very unclear because of the complications because there are two kinds of tokens related to for instance rice - the myCow tokens related to the ownership of one of the verticals and the tokens related to the rice itself.

[RealDutch]

I also discussed taxes with Laxmi recently. Would probably be good to share with you.

First, the income tax. Which applies to employees. I'm using $0.01 for the shares that were issued to me last year.

Some people were gifted shares, for free. In which case the gift tax might apply. But that is not relevant here. I have already informed those people.

Now for the wealth tax (if applicable in your country). If the tax date is december 31. For 2023 you should probably use $0.01 per token. Laxmi has given me the issue dates of the vertical shares.
1) Rice and Gold = 15 sept 2023
2) Food Carts = december 2023
3) Plane Seats and Whiskey = 16 Jan 2024

None of this info should be relied upon. I'm just sharing to help you get going with taxes.

[RealDutch]

I think most of the tokens that were issued yesterday were issued to employees. Because of the round numbers. Some will get more tokens than others.

As for the valuation, Laxmi is working on it. But it should be close to $10 per token. For most vertical companies.

Also don't forget, 3 of the vertical companies are paying the first cash dividend. That money is coming from Interups though. So Interups is basically investing in, and acquiring tokens of, the vertical companies. But that price is determined slightly different. For your understanding. So we are not talking about $0.01 anymore. That is in the past now.

[snow]

RD I notice that the amount of the transfers varies a lot. I forget what for instance 1,000 means in terms of money. I suppose you have an idea.

[RealDutch]

68 holders now. Moving forward. Not much to discuss 😃

https://etherscan.io/token/0xb87CF5b60111A7145ddfcFcBD2D809088085E056

[karlacorn3]

Looking forward to understanding the challenge. It's coming up on one and one half months as a process and it doesn't appear to be nearing completion. Curious.

K

[RealDutch]

Laxmi will answer that one 😀

[karlacorn3]

Laxmi/RD... Quite encouraging news! How is the token transfer process going?
Best regards,
K

[palaypu0406]

Thanks RD and Thank you Snow -- Yes we are seeing it happening finally...and I thank you all for the enormous patience shown on me...
It will shape us into the modern avatar going with the world ...

[snow]

RD Thanks a lot for the update! I agree it does not matter if there is a small delay beyond March 19 in the payment of the dividend. The good funding forwards should make things easier for management.

[RealDutch]

Money was wired, 2 days ago. We expect it to arrive on monday. Well, part of it. Most of it will go into Escrow for dollar match with an investor and doubling to $108M. But this is all according to plan. We are probably looking at a slight delay beyond the March 19 date as far as the dividends are concerned. But this is not important. What is important is that we will have really good funding going forward and the ability to pay several dividends before operations and cash flow will take care of it.

[snow]

RD "Also, more importantly, the transfers of money that we have been waiting for so long, should happen tomorrow before noon India time." This was March 4. Today is March 7. Has the transfer happened? If it has not what are the expectations now?

[MaterialMind]

Awesome! Thanks for the info!
Will not touch it then.

[RealDutch]

Don't do anything unless they tell you to. They already have your bank account number and bank info and they will use this to pay the dividends.

[MaterialMind]

Really good news! Money is finally coming in. 💵 Though I'd like to hear it's in the company's US account before celebrating...

Then I guess one should make sure to add wire/account information at mycow now, for a CASH dividend payout on March 19th? I've already supplied the company with my bank account information a few months ago, but I assume it is still necessary to fill it out on mycow.

[RealDutch]

11) = Sugar & Renewable Energy (says Laxmi)

We will have 5 projects in Nigeria.
- Oil palm
- Aquaculture
- Coconut
- Rice
- Sugar

[RealDutch]

Cow Tax Inc got its EFIN and ERO permission from IRS
https://www.mycowtax.com/

The reason why we are doing this is because it will give the number of IRA clients another boost, by offering these services.

My Square Foot Inc (the real estate vertical) also started today.

Also, more importantly, the transfers of money that we have been waiting for so long, should happen tomorrow before noon India time. This will get most projects going and also take care of the dividends etc.

We are working on these verticals now

1) gold
2) rice
3) food carts
4) plane seats
5) whiskey
6) aquaculture
7) oil palm
8) real estate
9) mining (iron ore)

10) probably coconut.

We are targeting 11 for the next 12-24 months. The "Magnificent 11".

[snow]

RD Thanks again! For me it does not matter to get access to my wallet and I assume I will not need my private key for å long time. What matters to me that it is possible to add tokens to my private wallet. I am positively surprised that I both retain my stake in IREEM and also a stake in Cow Capital. (By the way I just checked my tax information in Ameritrade and I see that I last year sold shares worth about $ 251,000 and had a total gain of some 2,000 dollars which is less than one percent. My gains were from BDCO and my losses mostly from Tingo Inc)

[RealDutch]

MyCow is the 9 vertical companies. We could have 11 soon or 13 even, longer term. Think of MyCow as the parent company.

You will still gain shares in the other SPACs as well through IREEM. That will not change.

Not to worry. You have a wallet/account and we are filling the tokens. We have plenty of time to get you access to it. Almost half of the shareholders doesn't even have a wallet yet.

[snow]

RD Yes I have paid for all the 9 verticals. I was not entitled to all the verticals I have paid for (some 7,500 dollars) if it had been fewer than 9 verticals. I paid for the exact maximum number I was entitled to. As I stated before I first paid 7,000 dollars for verticals assuming that I was entitled to more but that was the sum of money I was prepared to risk at that stage. Later it turned out that I was just entitled to a few more. The numnber was calculated by Laxmi and I paid a bit less than 500 dollars I think.

[snow]

RD Thanks a lot for clearing things up! The way I understand it I own 100,000 shares in CCAC, which If I have not misunderstood at some stage will be listed on a major stock exchange. What I am unsure about is what it means that MyCow is the brand name of all the vertical companies. Does it mean that they will be named MyCow and then the type of activity they involve, which currently is 9 different names? I assume that I have no stake in IREEM any longer since it has a different role now?

It is a relief that you state that I altesdy have a wallet. I have been under the misconception that I have to return some information related to the Credentials not to lose the wallet that would potentially be mine. This has caused a lot of worry because it is my duty to do my best to take care of the altruistic institution that will inherit my net worth when I die. That institution works in Nigeria providing information to women there to help them do family planning by providing knowledge about various ways of avoiding having unwanted children (Family Empowerment Media). Radio is used for this purpose.

[RealDutch]

Laxmi indicated that you already paid for 9 verticals. I can't check but that is also how I remember it.

[RealDutch]

Snow, I think you paid for 5 verticals but I can't be sure.
I have asked Laxmi to clarify if needed.

[RealDutch]

MyCow is replacing myDhan. It is the brand name of all the vertical companies (tokens).

Cow Capital Acquisition Corp (CCAC) will remain the same.
Masala Capital will be renamed to Cow Capital Inc.
IREEM will be renamed to Cow Group (of companies)
We even have Cow Tax Inc now.

Interups will stay. But it will have only one subsidiary which is Cow Group.
And Cow Group is the collection of companies I mentioned with MyCow being the brand name.

So when people say MyCow, it is the vertical companies.

and that my purchase will be cancelled and the $ 7,500 dollars returned to me in April.

Wrong. You first subscribed to CCAC and later paid $0.01 for the vertical shares (tokens).
You have a wallet. With the RISO tokens already in it. The other tokens will follow soon.
You own these. You paid for these.
Only the people who did not pay the $0.01 will lose the rights in April.

This is our leading website now for the vertical companies.
https://www.mycow.io/

And the email addresses that we are using are
[e-mail]
[e-mail]

[snow]

RD He referred to myCow. I Don't know what that is. It has been known for years now that IREEM would become Cow Capital and that these are companies with shares.

When it comes to IREEM, I will quote a docoment that I have signed and that has been signed by a member of the family of Laxmi: "IREEM LLC

Memership Subscription Packet

"Offering Price Per Membership Interest Unit (Unit"):

$ 90.00 per Membership Unit of IREEM LLC (the "Company" or "Issuer" or "Sponsor") that exchanges in value for 600 Sponsor Equity Shares of Cow Capital Acquisition Corporation CCAC (in brackets) at US $ 0.15 per Sponsor Share per each Membership Unit in IREEM LLC"

When rereading what you wrote I think you are mixing up Cow Capital and the verticals. The reason is that you seem to assume that I paid twice as much for the tokens as I did. It is true that I paid $ 0.01 per security token. I paid a total of about $ 7,500 for those tokens. I first paid $ 7.000 and then about $ 500 more after Laxmi calculated that was the maximum I was entitled to.

I don't understand the implications of the email including the Credentials etc that I have been unable to open. I have had the impression that as long as it is not opened I don't really own the almost 750,000 tokens that I have paid for and that my purchase will be cancelled and the $ 7,500 dollars returned to me in April. Is that not correct? Even if I lose a potential value of millions of dollars if I lose 750,000 tokens I have the impression that ITUP and possibly Cow Capital will have stakes in the tokens and that I indirectly will have a stake in the tokens that way. I still do not know if I am entitled to the first remittance of about 20,000 dollars based on my tokens as the status is right now.

[RealDutch]

Snow, where did he mention IREEM/CCAC in his post? Because he didn't.... Don't make things more complicated than they are.

As for yourself, you didn't pay 15,000 dollars for 100,000 shares.
You paid $0.01 per security token issued or "granted" through CCAC/ITUP
You should have 9 verticals x close to 145,000 security tokens.
I don't know the exact number but I know it's close to 145,000. Per vertical.
RISO (rice) is already in your account. The rest will follow shortly.
You will see once you have access to your wallet.

[snow]

Shaun I don't understand what you refer to regarding your digital wallet on myCow. IREEM/Cow Capital is a company that has shares and not tokens. I paid 15,000 dollars for 100,000 shares.

[karlacorn3]

Laxmi. Thanks for the reply to my question. Good info.
K

[Shaunhornback]

Hi Laxmi - I have not received any credentials for my payout in March. My digital wallet on myCow has also not received any coins. I sent an email but have not received any response yet.

[snow]

Dear Laxmi,

I still have not received the Credentials to my new Gmail.account. I wonder if I will receive the cash grant in my bank account even if I don't receive the Credentials before March 19.

[aandt]

Appreciate you keeping shareholders updated!

[palaypu0406]

Dear Karlcorm, We have set March 19 as payout for 1st Cash Grant...
The second one I was planning it on April 6 but it will now be April 17, 2024 along with redemption of certain stockholders who have not subscribed into the verticals,

Laxmi Prasad

[palaypu0406]

Dear Karlcorm, We have set March 19 as payout for 1st Cash Grant...
The second one I was planning it on April 6 but it will now be April 17, 2024 along with redemption of certain stockholders who have not subscribed into the verticals,

Laxmi Prasad

[karlacorn3]

Dear Laxmi, thanks for the information. One point of clarification and expectation setting regarding the purchase of the verticals... We're soon approaching the date wherein the second dividend/payout was to occur. Can you please inform how that initial distribution schedule is planned to work?
Sorry if I missed any other posts that may have provided the answer.

K

[palaypu0406]

Dear All,
Please ignore the previous message -- I have added few additional points in absolute merit ....

1. Received an update that the central bank should clear the remittance before this month ends -- I have already started planning for launching our next steps;

2. We will make the Cash Payout as planned on the 19th of March 2024 (before the 5th of March we will be completing all token issuances on the available records/information from stakeholders)

3. Those who have not subscribed or not been granted vertical shares will be issued with Utility Tokens for redemption on April 17, 2024 as I have circulated earlier through mail...

4. We are meeting one large Banking Group executives to support us on token underwriting, marketing & financing. With their blessings and support, we will be turning as Token Aggregators without losing focus on our original product base. I will be traveling to Europe this March 15 - 21 2024 to meet this group and to negotiate A321Neo and A350-1000 leasing and to incorporate our firm in Switzerland as an AG structure.

5. Our team will visit Nigeria after the 19th March -- As discussed, we will be starting to make our footprints there big time...

6. Before April 17, 2024 we will ready the trading platform on these tokens that get qualified for trading...

7. Starting our office in Mumbai India with 108 staff members

8. Signing the first EB5 sponsorship in our Gold Vertical.

9. Nityanna is live which will undertake "million meals program" under CSR

10. We are launching our Real Estate Fractional Asset Tokenization in Temple Town -- Ayodhya and test casing food carts in Hyderabad and Mumbai.

11. We will be launching Mining Token effective April 17 2024

11. Before April 17, 2024 we will be organizing our board & CFO --
Towards this, We already have identified our CFO and I will be asking him to take charge from April 15 2024.
We have also identified a couple of very strong hands to be on our Board of Directors, Advisors and Governance.

12. We will start working on SPAC from March 19th and acquire sponsor equity by the time we complete our equity redemptions and service obligations on April 17, 2024.

13. We will be requesting Grant Thorton / Deloitte as our Auditors & EGSL as general Counsel and SPAC Attorneys.

14. We have launched selective high end Tax and Wealth Optimization Planning through Private Foundations, Charitable Remainder & Irrevocable Life Insurance Trusts and we will likewise be endorsing Legal Services in India for Persons of Indian Origin and/or non resident Indians.

15. 2024-25 we endeavor to be a Multi-Billion Dollar enterprise..

Wishing everyone the best times ahead!!!

sincerely,

Laxmi Prasad

[palaypu0406]

Received update that the central bank should clear the remittance before this month ends -- I have already started planning for launching our next steps;
2. We will make the Cash Payout as planned on the 19th of March 2024 (before the 5th of March we will be completing all token issuances on the available records/information from stakeholders)
3. Those who have not subscribed or not been granted vertical shares will be issued with Utility Tokens for redemption on April 17, 2024 as I have circulated earlier through mail...
4. We are meeting one large Banking Group executives to support us on token underwriting, marketing & financing. With their blessings and support, we will be turning as Token Aggregators without losing focus on our original product base. I will be traveling to Europe this March 15 - 21 2024 to meet this group and to negotiate A321 Neo and A350-1000 leasing and to incorporate our firm in Switzerland as an AG structure.
5. Our team will visit Nigeria after the 19th March -- As discussed, we will be starting to make our foot prints there big time...
6. Before April 17, 2024 we will ready the trading platform on these tokens that get qualified for trading...
7. Starting an office in Mumbai India with 108 staff members
8. Signing the first EB5 sponsorship in our Gold Vertical.

LP

[palaypu0406]

Dear Karlacorm, we are working on it and there will be no date changes

[karlacorn3]

Dear Laxmi, I'm not sure if, since the Feb 1 initiation, the process for transferring tokens is still manual but could you update a projected time frame for the completion of the transfers?

K

[snow]

Thanks Laxmi! It is impossible for me to log in to see the "secret information" I have received. An expert I hired was unable to do it. I look forward to receiving the same information in my new gmail account.