Interups Inc (ITUP)

[karlacorn3]

Dear Laxmi. Great to hear! Thanks for the confirmation.
K

[karlacorn3]

Thanks for this information.
K

[RealDutch]

I hope Laxmi will provide necessary information about net assets or any more relevant valuation at the end of 2023

I think they have to do something. Although I don't know if there is a legal problem if they advise you on valuations. But with the proper disclaimers it might work. What I have seen is that the tax office will accept a discounted cash flow method to value stocks. Or some variant that includes assets. Things get complicated here.

As for tax on dividends, it is standard 15% where I live. But I can get it back if I already pay a wealth tax. I don't have to report it as income in my country.
But that's a worry for you next year.

[snow]

RD
I also read that Norway abolished the gift tax in 2014? This may affect you as well. Because you are not an employee, so the income tax does probably not apply to you. Unless they redefined the "income tax" to include gifts of course. You never know."

I think it is not clear how the verticals will affect any wealth tax in Norway. I hope Laxmi will provide necessary information about net assets or any more relevant valuation at the end of 2023. One possibility is to value the verticals based on what I paid for them. The gift tax was abolished all right. It related to personal gifts as far as I know. I wonder if you refer to death duties in fact. Those were abolished too. Income tax may apply when I get the first dividend and it is regarded as s share and not a token. As I have suggested before: in the latter case a capital income tax may apply. It is only 22% whereas the ordinary income tax is 37.8%.

---

[RealDutch]

I've been reading a bit more about taxes. Because I'm curious. I have a pretty good idea now how it works for me in The Netherlands.

We both have a wealth tax. Yours is close to 1.1% and mine almost 2% on stocks (and much less on cash) for 2023.

Here is another difference

In Norway, we pay tax on the wealth that we have as of 31 December in each calendar year.

In The Netherlands it is Jan 1. So I have a one year advantage over you.
And you have to determine what your (vertical) stocks are worth as of dec 31. I don't.

I also read that Norway abolished the gift tax in 2014? This may affect you as well. Because you are not an employee, so the income tax does probably not apply to you. Unless they redefined the "income tax" to include gifts of course. You never know.

[snow]

RD Thanks a lot! It will be very interesting to see the detailed planning and budgetting in not so many days.

[RealDutch]

We can get up to 25% for projects from the IRA accounts. Let's assume $600M. (IRA accounts will grow from 42,000 to 150,000 next year).

We can get another $600M from FCG dollar-for-dollar match which will give us $1.2 billion.

And another 50% public money will give us a total of $2.4 billion.

This money we will need specifically for our 5 projects in Nigeria. Amongst other things.

Laxmi will present detailed planning and budgetting on Jan 10. For 2024-2025.

[RealDutch]

FCG. Not FGC.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173385597&txt2find=fcg

There are several references in 2021 you can find as well on this board.

[snow]

I find at very encouraging that at this stage you seem so upbeat Laxmi. I for one don't care if the remittance is a few days after January 10. I wish you a very happy and successful new year!

[snow]

RD FGC I googled it and did not find out what those letters mean.

[RealDutch]

What three letters don't you understand? I don't see anything strange in my post.

[palaypu0406]

Dear Karlacom, As a qualified accountant with 34 years in the industry my language goes like that ... .
But, payout is certain this time which is the essential bottomline, we are all receiving Cash Grants @ $0.083333 per vertical on 3 verticals and this includes me
There is just one clearance pending for inward remittance and I am sure we will have it latest by the 2nd or 3rd January
By procedure, we will need 7 days from then to send cash grant remittances and even if we receive clearance by the 3rd we are still good for 10th January.
If for any bloody reasons clearance takes beyond 3rd, then we will trigger the payout with a 7 day process requirement but under all circumstances this will not cross 16th/17th of January 2024 and I am scheduling the next payout for the quarter ending Feb 28, 2024 within 45 days from that quarter closure. .

You can take this as confirmed. We will have money in our accounts.. Nothing will stop us this time, I am confident we will make it on 10th, if in the worst ...latest by 17th January, 2024. From our end, mentally & physically with all of my senses in full conscious, we will have this paid out and we will continue these payments every quarter and progress it to monthly payout.

Nothing is going to stop us -- 2024 will begin with the promise filled in high esteem and we will see many landmarks for all of us...
On 10th January I am infact planning to announce one additional surprise bucket -- we will have a great year Karlacom!!!

[MaterialMind]

I just meant next week, Monday is a holiday, New Year's Day. Not that many business days left until the 10th, and my faith in the work ethics of government officials is... not that high. Especially not just after a holiday.

[snow]

RD Thanks for the information! I don't understand what you refer to by the following statement: "But the important thing is that we are securing dividend payments not only for this quarter but for the next 3 quarters as well, resulting in a total $1 payout per share annually." You refer to three letters that are unknown to me when it comes to meaning.

[RealDutch]

What new year holiday? This isn't China

[MaterialMind]

I sure hope whoever issues the FEMA approval doesn't slack off during the New Year holidays.

[RealDutch]

We are waiting for money out of India from 2 asset sales. $25M + $27M.

As most things appear to be struggles for startup companies, repatriation can be a bitch too. Certain procedures have to be followed. We already have the tax certificate. We are waiting now for FEMA approval, a final step. We should be very close.

And we can double that money dollar-for-dollar with FCG, resulting in $108M.

The exact timing is impossible to predict with 100% certainty. But the important thing is that we are securing dividend payments not only for this quarter but for the next 3 quarters as well, resulting in a total $1 payout per share annually.

I hope that explains it. Thanks.

[karlacorn3]

Thanks for the positive reply.  I do have a question regarding you saying “I think…”.  It seems that there was a matter of administrative execution that prohibited the promised December 22nd date.  The new modified promise and assurance for January 10th date was qualified as an absolute, so I’m respectfully seeking clarification on the “I think…” segment of your message? 

 K

[palaypu0406]

I think we are good for the date Karlacom,

[karlacorn3]

Hello Laxmi. Are we still locked into this date with all certainty?
K

[palaypu0406]

We are adopting 1,920,000 Grains (10 Bricks of 400 Ounces) of 999.9 Purity split into 1,920,000 tokens as our inventory with a sourcing cost of $8,702,480 and market price ($10,622,480). Trade Cycles every 2-3 days in year 1...time for generating 1grain gold 13.60 days...We will speak of EPS and Market Capitalization after 6 months....and adjsut the variables (like trade cycles and time it consumes for generating 1 grain of gold for every grain of gold invested)...

We are assuming 50 cents as expenses for every dollar gained on 1 grain of gold, and after taxes this nets to 33 US cents..., which means 4.53/0.333 = 13.60 days to generate 1 free grain into reinvestment...

Sincerely,
Laxmi Prasad

[snow]

Thanks for this interesting information Laxmi!

[palaypu0406]

The next 4 months will give us that pulse and accordingly we will get into real time estimations.
For now, we have kept all scenarios in place -- 2 days, 3 days, 5 days, 6 days, 1 Week, 10 days, 12 days and 15 days inventory cycling.
Best scenario is having low inventory, high turnover --> optimum is 1-8 bricks. Upto 8 Bricks inventory (100 Kilos nearly) we can definitely sell and recycle sales...

[snow]

Thanks very much Laxmi! These are very bullish numbers. I understand that they are based on the assumptions you mention. What may be at least as interesting is what numbers are achieved in practice in relation to the numbers in the assumptions you mention. I take it that such numbers will be available before long too.

[RealDutch]

Exactly. That was my point. 🙌

[palaypu0406]

Thank you RD, that is a very valid point --
We can push 10 Bricks (approximately 124.41 Kilos) and assume 2-3 days inventory cycling (vs average 5 days on a 5 year cycle) ...
It means a total of 1.92 Million granules with $10.59 million investment value...
Year end it will be 15 million (3 days cycle) - 22 million (2 days cycle) grains after paying out 25% dividends.
In value, this will be $64-96 million after paying dividends.
In the worst this could be $38 to $57 million with 9m to 13.5 m grains accumulated by the end of the year...
This implies 3.6 to 9 times capital multiplication in 12 months time assuming 2-3 days sales cycling.

Again, these figures look astonishingly speculative but if one goes by financial acumen, this compounding is possible.
We are presenting this discussion purely for one to understand the power of compounding and how we are adopting this for gold.
All discussion on figures is purely for learning purpose but cannot be taken as guaranteed -- one has to follow prudence and his or own risk bearing capacity in making their investment choices. As MyDhan team, we will ensure and undertake deep financial prowess in our attempt to gain much of the expectated result.

[RealDutch]

I can imagine, Snow

But even at my age of 54, I am only interested in the results after one year. Especially when considering how much money I will make next year

[snow]

RD "As people will be interested in how much money we can make in 1 year. Not 5 years from now." At my age of 81 at least I am much more interested in what can be expected to happen in year 1 than in year 5.

[RealDutch]

And then we can calculate the expected yield per year. For the first year. For 1 year.

1 brick in granules ($1 million) will offer us $2.66 B in sales inventory (5 days inventory cycling) that we can distribute and start fresh.

We gain, $1.16 Billion as our share.

That is for 5 years. That was not my question.

Why don't we increase the inventory from 1 to 10 to 100 bricks? As people will be interested in how much money we can make in 1 year. Not 5 years from now.
The number of cycles per year will go down but that is to be expected. And we can increase the dividend to something like 30%.

[palaypu0406]

Not sure, why this crying helplessly, now and then, LVerstee, laughable isnt it?
I pity you and would like to ignore the crap ...just keep your stock ready for donating ... This is what you wrote in the group...and hold your promise good... at least the donee will think of us good...we do not need some crabs to hold our stock ...and time for doling this out so you do not need to worry of us anymore... If you have any guts and not want anything out of us, donate this to someone as christmas gift and let at least that human will have some gratitude in store for us with many things happening in the company now...

Not sure why some crap minds exist in absolute negativism --

[palaypu0406]

Yes, margins tend to improve drastically when you sell in smaller amounts at the retail level. And you don't have the cost of materials that other retailers have. In this case I wonder about the need though because who can't afford $80 for a gram of gold? But you have been in the gold business for over 15 years so you probably know what is best.
People who go for grams will still go for grams and the most common consumption still remains 1g -- But in today's currency that 80-90 price would been almost Rs 7,000 per gram in Indian Rupees and there are many farmers and district / rural level population whose monthly income itself is not more than Rs 8,000 to Rs 10,000 -- Though they wish to have gold, they are unable to as granules (Fractional Gold) are not still available to the common man. Making it 1/100th ounce will mean 4.8 grains/granules which is like 32% of 1g or Rs 2,250 around -- Typically people save 20% of their earnings and this is hence we have put minimum investment as 4.8 grains instead of 15.43 Grains (1g) - In US too, 4.8 grains is like $25 around ($26.5) and it will help many to put this as weekly savings towards Education Savings Account.

So, 1 brick = 12.4 kg (in inventory).
I noticed some of the older sheets mentioning 100 kg and up to 500 kg after 5 years. Perhaps more.
And 600 grams in sales per agent per month.

It leads to 578 kilos inventory after 5 years and yes each agent is pegged for 600 grams sale

So the question most people would be interested in is, how fast are we going to ramp this up?
There are two fold to this -- One increasing the IRA base to hold the reserve for us to mine gold from IRA accounts in case inventory levels need to rise.

2. Increasing the Agent Spread -- We are focussing on both numbers -- IRA we plan pushing the numbers to 150,000 as that gives us yearly 7,000 contributions from each IRA Customer who intends subscribing for gold (Typically 100g at current level). In India the inventory that we plan carrying can be sole as a daily turnover but we prefer to keep it at weekly cycle as otherwise we will be exhausting the agent distribution.

How much in sales do we expect?
We will be able to generate to have 22 grains (year 1), 106 grains (year2), 514 grains (year3), 2,537 grains (year 4) and 12,725 grains (1 Brick) (year5) ...This means we will be generating 223 grains in worst case scenario and 2,473 grains in best case following a weekly inventory cycling of 4.8 grains and 7.5% dividend payout. 1 Brick of 400 ounces in year1 will be 1,060,440 ounces at the end of 5 years assuming 5 days cycle on an average of which investor gains 2/3rds. In the worst of the worst case, it will be 42,210 ounces with 28,140 getting into investors kitty

What would be a reasonable cycle rate globally in large quantities, perhaps 6 days (60x per year) ? --
5 days is very safe to assume, 72 cycles in a year... Initially 1 brick will easily get consumed on a daily basis but as it compounds the increased inventory pushed into retail will mean increased turnover cycle and we will typically see this in year 4 and year 5 from 1 day cycle it will be 10 days cycles to push sales because of the larger inventory quantity we will be carrying. But average of 5 days can be safely considered. After the 5th year, we have to distribute gold to reduce inventory levels as inventory levels will go beyond 12 days to 15 days cycling and it is not viable at 15 days and turns negative inventory carrying which most banks are facing currently.

And then we can calculate the expected yield per year. For the first year. For 1 year.
1 brick in granules ($1 million) will offer us $2.66 B in sales inventory (5 days inventory cycling) that we can distribute and start fresh.

We gain, $1.16 Billion as our share.

These figures are achievable with a very strict financial reengineering and compounding, assuming 100% reinvestment of surplus grains for 5 years that generate and accumulate cycle after cycle. But none of the figures can ever be taken as guaranteed - one has to assume prudence in making their investment decisions as gold is susceptible to inherent market, geopolitical, economic and currency risks like any other commodity or security instrument and one can get washed off completely - One has to assume their capacity to tolerate any untoward and unexpected risks that gold will present like any other investment

[LVerstee]

The built-in escape for January 10, 2024 payout deadline. Pin it people.

[LVerstee]

Mission 101?
Payout timeline?
SPAC's?

Either again pushed deadlines or simply not followed through. And still people believe them.

[snow]

Laxmi, Thanks for the update! I wish you and your family a continued Merry Christmas and a happy new year.

[RealDutch]

Yes, margins tend to improve drastically when you sell in smaller amounts at the retail level. And you don't have the cost of materials that other retailers have. In this case I wonder about the need though because who can't afford $80 for a gram of gold? But you have been in the gold business for over 15 years so you probably know what is best.

So, 1 brick = 12.4 kg (in inventory).
I noticed some of the older sheets mentioning 100 kg and up to 500 kg after 5 years. Perhaps more.
And 600 grams in sales per agent per month.

So the question most people would be interested in is, how fast are we going to ramp this up?
How much in sales do we expect?
What would be a reasonable cycle rate globally in large quantities, perhaps 6 days (60x per year) ?
And then we can calculate the expected yield per year. For the first year. For 1 year.

[palaypu0406]

Wishing Merry Christmas to all, I am happy to write to you that we are starting to sell gold in granules -- All this time we were selling each token as equivalent to 1g and pricing 1g @ $75 and then $80. To draw move dynamic fractionalization, we are shifting into gold grains based selling with Gram of Gold equalling 15.43 Grains (or Granules). One Ounce of Gold equals 480 Grains and and 1 g hence equals 480/31.1034768 grains per gram. We plan maintaining 1 Brick of inventory to trade into the market initially (which is 480 x 400 ounces x 31.1034768 grams per ounce = 12,4414 grams approximately)... @ Current price of Gold we are selling 1 grain @ $5.50 and this will widen our net to capture numbers... In India we will price each granule around 500, price to fluctuate on a daily basis... This will increase gross margin to 18% around from the current 10% level and improve 1g equivalent pricing to $84.83 (Price to fluctuate with market) an increase of $4.80 over 1g. Just updating ...

[RealDutch]

https://digishares.io/interups-partners-with-digishares-to-revolutionize-diverse-asset-tokenization

[karlacorn3]

Excellent! This will be a major milestone and an incredible building block for business!

K

[palaypu0406]

Obliged with everyone's support, wishes and blessings Snow!
It took several years for us to reach this stage but none can stop us now!!!

[snow]

Thanks for the information and for the kind words, Laxmi!

[palaypu0406]

Dear Snow,
W8-BEN applies for each company that is distributing dividends. I will circulate on this requirement in 3-4 days..
Yes, cash grant is now $0.25 combined vs $0.15 and this betters by 60% and in line with our thoughts to pay 1 dollar per annum on each token we own...
We are beginning this with 2024 and I hope we remain a solid group for decades building this tradition for our shareholders -
You all have become like a family to me!!!

Laxmi Prasad

[RealDutch]

I already sent them a third copy of my W-8BEN for Food Carts. Best not to take any chances.

[snow]

Dear Laxmi,

I am delighted with the slightly changed date the remittance will happen and the fact that the sum will increase by 50%. I would think everybody who is to receive money will react in more or less the same way. By the way, do we have to e-mail even a third W-8BEN since the remittance will relate to three and not two verticals?

[RealDutch]

Yeah. I'm not sure about the black market. Reminds me of the time I went on holiday in Bulgaria and it didn't always play out so well

I guess I will let Alex do the assessment and analysis on that one

[palaypu0406]

please follow this weblink too RD as this gives the local off market currency exchange --
While we cannot exchange at this rate for international transfers, it will help us plan some local expenses at off market conversions...
https://www.ngnrates.com/market/exchange-rates/us-dollar-to-naira/black-market

[RealDutch]

I have been keeping an eye on this today. The 1,099 rate has come back down to 864 today. I suspect the market (FMDQ) rate can be very volatile at times while the standard bank rate stays the same. Not that it matters much to us.

https://fmdqgroup.com/exchange/

[palaypu0406]

We are setting the revised dividend payout date as Jan 10, 2024 and we will pay a total of $0.25 as Cash Grant, prorated into My Gold Grams, Masala Agri and Food Carts, each company paying out $0.083333 per token owned.

[RealDutch]

I just told our Aqua friends that capex is $744,000,000 in US dollars and we can't really change it because of the token construction.

That's 80%. So the total = $930,000,000 for aqua
And $600,000,000 for Palm (80% = $480,000,000 capex)
Total $1.53 billion.

We can delay coconut, rice and sugarcane for now

[RealDutch]

Surprising. I didn't know.

[snow]

Thanks very much Laxmi!