Interups Inc (ITUP)

[snow]

Very encouraging news Laxmi!

[palaypu0406]

Where are you located if I can ask please ...

[MaterialMind]

Cash payout delayed until 19th of March then. I will opt for cash in hand.

I cannot find it now, but I think there was a list of countries to which it is possible to get the gold delivered, and my country was not on that list. If it was, I'd feel more at ease taking tokens. But until the trading platform is in place, and performs well, I will take cash. 💵

[palaypu0406]

Dear All, No queries as of today - Keeping fingers crossed — this means we will have remittance sent out on the 16th and we should receive money between the 19-23, Feb. This will help us gain an additional $8.5 Million from IA & IL based physicians group of which we will set aside money for operational expenses, outsourced staffing compensation plus dgital & social media branding Costs. By March 12 we will gain dollar for dollar match from one Boutique Private Equity with whom we have $600 Million Equity Line arrangement. Names kept confidential. Given this we will set March 19 as the Cash Grant Payout Date unless people choice for absorbing Gold Grains/Grams/Ounces (some people are wanting to retain gold instead of Cash). In this time period, we will also set the platform for trading these tokens... Towards this, we are already working with our Tokenization Platform Service Provider.

Laxmi Prasad

[snow]

RD Then I have misunderstood. I got the impression that it was the only alternative from reading the text. If I receive the cash I can spend it on a potential tax charge. Thanks for removing my wrong interpretation!

[RealDutch]

Snow, converting the cash grant (dividend or utility token) into gold grams and grains by March 15 if the dividend hasn't been paid in cash by then is optional. That is what was missing in the explanation. The utility tokens are issued as an extra layer of comfort.

As for getting your own account for tokens c.q. wallets, it is not a lot different from a brokerage account. And you know all about brokerage accounts so you will get used to it. This shouldn't be a problem.

[snow]

Dear Laxmi It is not important for me to get a quick reply. What is important that I have a valid basis for my actions. For instance I sold some high-risk American shares very recently and bought shares that are less risky for about 30,000 dollars in case I have to pay a big wealth tax this summer. I could not risk that this value had evaporated before summer. This was my real motivation.

[palaypu0406]

Dear Snow,
I just woke up -- The whole of yesterday I was working on things and slept early hours @ 4 am after placing this circulation.
Nothing has changed from our previous understand to what we are doing now.
Will explain in sometime,

[snow]

RD I rceived the e-mail without a problem. It raises some issues that I think should be addressed in a public place since I may not be the only person who is very disappointed. A hope now is that only three verticals have tokens that were supposed to have a commercial value of 10 dollars each at the turn of the year.

[snow]

Dear Laxmi,

I am extremely disappointed to learn that there will be no cash remittance as promised. RD stated not long ago that there would be such a remittance and I had the impression that it would happen by the middle of March at least. To me it is hell to envisage dealing with tokens. I therefore have one question for you. Can you find somebody that is willing to buy the tokens that replace the cash rtemittance for at least half the amount of money I had been promised and that you will remit that sum of money to me? 50% would be about 10,000 dollars to be remitted to me. If you cannot it suggests that the tokens are worth a lot less than the sum of money that was supposed to be remitted.

If you stick to the idea that the tokens in 3 verticals are worth 10 dollars each I may have to pay a wealth tax a of a bit less than 25,000 dollars. If that value goes for more than 3 verticals the sum will accrease accordingly. I have altogether staked about 50,000 dollars in your companies. The return the way you run your business be another 25,000 dollars in a wealth tax which would seem to be based on undocumented value and no cash remittance and tokens that are of no value to me since I can't handle them.

[RealDutch]

Also check your spam inbox. The email was sent using the new mycow.io domain name.

[palaypu0406]

Dear All

Sub: Issuance of Tokens (Security/Utility) into your Digital Wallets - Regarding!

We will be starting to work on token transfers from Feb 1 and hence writing this mail.

As emailed before -- We will be releasing,
(a) Security Tokens into your wallet fulfilling the vertical shareholding you hold in each of the qualifying verticals
(b) Utility Tokens in lieu of Cash Grant Amount payable @US $0.0835 per token in each of the 3 verticals (45 days Redemption: Or or before 3/15/2024)
(c) Utility Tokens in exchange for Investment Support extended to the Group Companies and/or its Founder Laxmi Prasad or against Securities held in ITUP or IREEM but the holder of these shares/securities has not opted to subscribe to verticals (90 Days Redemption Date: On or before 4/30/2024)
(d) Utility Tokens against Compensation payable to the staff whether US or non-US and whether permanent or independent contractors (45 Days Redemption Date: On or before 3.15.2024)

Please note, Utility Tokens are performance obligated like any other Negotiable Instruments and the US UCC turns enforceable.

Upon Redemption, we will issue Gold Granules/Grams in equivalence at the market rate prevailing at that time (spot ask + 1% melt to make + $1.25 per Granule Brokerage) -- Recipient may fully or partially exit out of the Gold in possession at then prevailing Spot minus brokerage. One may note, Granules/Grams are instantly salable in any market.

To issue these Securities / Utility Tokens, we need your blockchain wallet address. Please kindly send this to us as urgently as possible.
If you do not have a wallet address or investor account online with us OR if you do not know how to initiate or proceed with opening an account or receiving these tokens, we will proceed to set up your account with tokens issued into your wallet (that we will be creating for you) and send you those credentials. Thereon, you can request for support by chat from our agents during business hours (9-5pm PST) at https://support.mycow.io/ or email us at [e-mail]. You may also email us at: [e-mail]

Sincerely,

Laxmi Prasad CPA, ACA (India)
Chairman & CEO
My Cow Group of Companies

[_lance]

Great insight, thank you for those details, RD!

[RealDutch]

Some things are confidential. And/or not suitable for the public domain. The company usually doesn't discuss in detail how it finances its operations.

Perhaps you remember, last year we had a big investor from India and we were waiting for that money. The money was wired but put on hold and investigated by the authorities. So that was unexpected and caused some troubles. I don't know the status of that currently.

We were also supposed to ramp up sales, but again, without that big investor, it didn't go as planned.

So then we initiated what you can call plan B or plan C around september. Two asset sales in India totalling $52M. So we are no longer dependent on third parties. That process has been ongoing since september and we should be close now. It's the right approach IMO. We are all waiting for that money. Employees, shareholders, management and some of our business partners. As for the timeline on that, we have been and are dependent on the information we get from the lawyers in India.

[karlacorn3]

RD, Respectfully…I guess what I don’t understand is how/why there were only guarantees regarding the dividend timeline when the deadline for the vertical purchases was established. Everything was simple, buy in to the verticals by date “x” and receive the subsequent dividend by date “y”. I’m unclear as to why all the issues (realized and potential) were not disclosed? People are making strategic financial decisions and the info provided currently is delivered as “matter of fact” which means prior knowledge.

Baffled.
K

[snow]

Thanks for useful information RD!

[RealDutch]

The dividend is $25M. And in a recent update, Laxmi said we will double the $54M coming from India to $108M. Which means the dividend can't be paid right away when we receive the money.

However, nothing is set in stone. Because we have more transfers planned.

[MaterialMind]

Wasn't Laxmi saying they'd escrow everything except whatever amount needed to cover salaries/dividends/other spending? Maybe that also depends on the actual release date. I mean, if you actually do get the money around February 16th, then why not escrow it all?

[RealDutch]

Karlacorn, the final step in the process (getting FEMA approval in India) can take up to 90 days. We are well past 30 days now. Probably half-way. However, if we don't get any inquiries from the central bank by tomorrow then it was said by our lawyers in India that the money will be released on February 16. We should have that update in a few days. Even then, I think we need 2-3 weeks in escrow in order to double that money from $54M to $108M with help of a financial partner (dollar for dollar match).

So we are probably looking at March when the dividend will be paid. I don't see how it can happen in February. The important thing is to get the first cross-border transaction done. Then subsequent transfers, which we are also planning, will be a lot quicker.

[karlacorn3]

RD, being just beyond one week (halfway point), are their any indicators or updates regarding the intent to pay the dividends at the two week mark?
Thanks
K

[palaypu0406]

But professionally, I have my responsibility to address on Mission 101 and I will -- As a company we take decisions that meaningfully increase our bottomline profits without changing our fundamental goal and mission. We do not go by emotions. Our plan was to have 1,728 staff to handle sales and the original idea was to have this mission 101 campus as it perfectly fits our requirement. However, one financial industry veteran advised us not to centralize field management but spread them into local capsules and use the money saved on fixed establishment on line items that will increase our spread globally. And the result -- we have 216 members trained and ready to work for us remotely from multiple geographic locations. This not just saved us on rent but heavily on compensation -- Against a minimum wage of $20 an hour for base staff (skilled or unskilled), we are able to have highly qualified professional staff for half the cost almost. What matters for an organization is to be able to withstand the economic rout happening everywhere and remain strong... yes we evolve continuously and our decisions will change dynamically with the trend and it has been our core strength to remain live in all weathers. Our business never stopped -- the entire verticals are actively moving forward despite all the hardships and challenges we face - Unlike what you have unlawfully asserted that we are drawing shareholder funds, we (which means one and every member in the group including myself) have so far drawn compensation as equity but not in cash and the cash we pay now and then is barely sufficient as expense reimbursements. I can go on record in public here that every dollar that is taken from anyone is spent judiciously for the purpose of business and nothing else. We are placing our blood, holding our stomachs, unlike the way you spoke and most of the shareholders know with what commitment we are taking this vision forward that will shortly unlock the horns of the bull run we will have. Yes, to build Rome -- to build an empire and to build an enterprise that is envisioned to remain as a legacy takes time but the concrete that we have poured is so strong that it will help us wither even Tsunamis ....And I have already answered on $0.01 that we seek.. I have already gone on record that we received a very feeble amount and we have not even encouraged those wanting to pay this later as the whole purpose of seeking this fractional money (one cent) was not to have money but to not to have those who do not have faith in our efforts. To the extent, we already intimated that non-subscribers will be issued utility tokens in the verticals that they simply redeem and quit. Time will testify Laxmi Prasad, this organization and the reasons why 99% of shareholders strongly back the efforts ignoring disparage. Yes we are delayed but not for wrongful reasons -- I have been on this blog for more than a few years and I am still here and I will still be here ...When the conduct is transparent and people believe that conduct, no evil can torment us ....

Laxmi Prasad

[palaypu0406]

And I am advised by my shareholders and staff to ignore all piggish messages ...
Even my strong responses to your unlawful messages were deleted, advising me that a man who has a mission should ignore street talk. And I promised them I will... We will handle you later...

[LVerstee]

What suggests that your "information" is not correct is that for almost one and a half year RD has been working for Laxmi and until the trouble with the transfer of a large sum of money from India to the USA received his considerable salary at the right dates as far as I know. The same thing goes for another person whom I have been communicating with for quite a few years. Do you think these people would continued working for Laxmi for over a year if they thought he is a swindler?

Snow. Have you considered that they are paid with the money that comes in from people buying shares? When you take out a loan to buy shares, they get their wages.

Have you further forgotten that Mission 101, the hiring of emps, the SPAC's, the payouts, litteraly NOTHING of this has materialized.....ever! And several of us have called that out already even before the named dates. Karlacom also asked valid questions, got dates and dates came and went. I called that one to.

But still people believe.

And I have seen that my last three messages have been deleted.

[LVerstee]

The law is coming for you scammer.

[LVerstee]

Ofcourse they would. RD is even willing to let himself be setup for the fall getting people to take out loans.
That money pays their wages. Don't you get it?

[LVerstee]

Your world is ending and you don't even realize it.

[LVerstee]

You don't scare me. I looked you dead in the eyes twice already.
The law is coming for you scammer.

[Vika1]

Good luck !

[palaypu0406]

Dear Vika1,
I have not hidden my name here and my responses are clean --

And I never have written /used foul language on anyone unless it provokes me to that extent.
I have dared asking name and told I am prepared to fight this out in the court which implies my preparedness to respond before the court and the law
I have openly forwarded my background check outcomes on becoming the CEO of a public company SPAC that we were taking over...

On company's information reporting, there were enough explanations offered here publicly and we have never crossed the stipulations established for reporting --
Please check guidelines for OTC Pink Sheets for reporting formalities ....
Same, we never hesitated to de-register ourselves and we have clearly spilled the beans for taking such a decision despite having the privileges to remain a Pink Sheet.

And on information sharing, We have taken a step ahead to have shareholders and staff blog and we discuss developments on a daily basis.... This transparency goes beyond the normal shareholders reporting requirement that corporate law defined.

Even on the cash grant promised -- you are offering 90 days time, we have taken the commitment a step forward by taking decision to issue Utility Tokens with cash payout or redemption in Gold Grams on March 15 making ourselves legally binding. Utility Tokens are performance Tokens and act in a way like Negotiable Instruments making ourselves binding to the UCC (United States' Uniform Commercial Code).

We have achieved 2 things here, Tokenizing the Verticals and tokenizing the obligation itself.
The other thing I would like to mention here -- on the $0.01 vs $0.0001 you have spoken --
For us Equity is the best monetary instrument and our value is swiftly changing and there are specific guidelines to follow the valuation aspects...
There has to be some measurement of cost for vertical shares as otherwise the shares itself will tantamount to bonus grant...
And $0.01 is virtually no cost while it is certainly cost above the par value. We have balanced legal and technical issue here by asking for $0.01...
This amount has not built any castles for us...but It helped us takeoff certain shareholders who have no faith and belief in us...
And to these people we have openly declared issuance of Utility token for redemption on the date with gold grams. Plus we are facilitating trading of these tokens into the market -- So it will turn the choice of the person to redeem or retain...or exit partially...

On valuations, today we are selling each security token for $10.00 plus token listing and trading is possible on Reg S (Non-US) shares...
Very silently we have pulled the water and turning into a multi-billion dollar company and I should write to you every member in our small team works 24x7...we pull the challenges together and enjoy the merits of it...whether laughing or crying in equal spirit... We remain unpaid sometimes but none of us compromised or blocked the business process or progress or development.

We are not just disrupting certain financial products -- whether Gold, Rice, Whiskey or Plane Seats or food carts....We are disrupting the wealth building system itself ---even the gap between the time customer paying money and our stocking even we are providing utility tokens bringing utmost financial transparency into the system.

It has taken 50 years for Pepsi or coke to but they are the two largest brands in the world today....
Likewise, let this page remain in everyone's records --- we will be disrupting Wealth Management by Asset Tokenization -- Each Product we are introducing is an innovation by itself making some of the largest banking institutions feel surprised and their teams are working with us to explore this to the best levels...

You are looking for 90 days I have answered it a week back on cash payouts binding this company to make the payout on or before March 15, insuring it with Gold Grains.

Slandering, passing disparaging and disproportionate abuse is one's birthright but to achieve an entrepreneur's dream & vision is many nights of blood sweat...
Now on the business owner of publishing company -- please check his credentials -- That will answer you well...I do not need to waste my time on him....I was just advised by couple of senior journalists and industry heads in India to ignore him but I still went ahead and gave a public clarification leaving him to his lurch. My response was a open challenge on his claims...and I have put the best of the attorneys in India to respond to him befittingly if he misteps further.. He has poo-poohed my travel in economy class -- even 2 of the top 5 in India travel by economy class but that traveling does not demerit their size. He will run his ashes on his own...

In this world respect brings more harmony than irrational and disrespectful conversations...

Laxmi Prasad

[snow]

RD I like it very much. It looks both artistic and very dynamic at the same time. Last summer I wrote more than 90 love poems inspired by a middle-aged woman. The title may be "Love? The feelings I genuinely experience and my reflections on them." I expect to send what I have written to a publisher in a few days.

[RealDutch]

New logo. Being finalized.

[snow]

Vika I bought my first shares in ITUP at a little more than 5 dollars and saw the pps jump to about 13 dollars atmost. I am familiar with the things you refer to - missing financials for several years being the most protracted. I believe this time that there have been substantial sales of assets in India. His problem is now that he has not made sure that he has not made sure that there is sufficient money in the USA to pay for expenses as they occur. Brinkmanship may have dire consequences. I have read a good deal of what Laxmi has written. To me he comes across as super intelligent and creative. My view is that it was worth the risk to invest in his companies even if the end result is not good. I have what I need materially in my life. Investment in his businesses have given me hope and excitement at least.

[Vika1]

Snow. Excuse me. I wasn't talking about your biography. And about Laxmi. His biography makes me doubt that he can conduct business. In my opinion, he promises a lot and in most cases does not keep his promises. Which leads to the collapse of his business or ideas. I hope everything goes well for you Snow! Good luck to you! But I am 101% sure that in 60-90 days there will be a lot more reasons to postpone payments and again new promises!

[snow]

Vika I admit you raise some valid issues. I have not seen any tokens and I have not as far as I am aware of received any documentatio that I own any so far. I expect to receive such documentation later this Spring and a valuation of them. If I don't receive such information I will not be able to inform tax authorities about them. But I have received documentation regarding the 100 000 shares I paid 15,000 dollars for. They were largely the basis for all the tokens i paid one cent per token for. I expect them to be real and have real value. Since they are digital I cannot have them in my hand.

You refer to my biography. Actually I wrote my self-biography about 12 years ago. I converted 25.000 dollars to 2.2 million dollars in 3-4 years by extremely successful investments about 40 years ago. I go for high risk/high reward. About 6 weeks ago I bought 9 million shares in SPZI at an average pps of $ 0.0015. I have sold half of them and have the rest for free and I have 15,000 dollars in cash that I invested in AMCI. I am hardly a moron. I have two master degrees in a European country, one of them being in law. Three percent of the candidates obtained better grades than I did.

[Vika1]

Snow. How can you pay taxes on something you don't have? Do you have tokens in your wallet? Are they recorded? Is there a registry? Where are the tokens? Are they in Laxmi's custody? Snow, 60-90 days will pass and there will be a new song. Laxmi. I am not slandering you, I am publishing facts and information about you. Why didn't you sue those people who allegedly slander you? Yes, because these are just words again. If you look at your biography, you have a syndrome - chance is to blame, others are to blame, but not me. You have always received failures, but this is not fate, these are your actions and your wrong attitude towards business. I am not afraid of any threats from you to court, etc. In court I would have many questions about the reporting of ITUP and the company as a whole. 90 days Laxmi, 90 days! And everyone will see who you really are!

[snow]

Vika1 Time will show if I get my money back. My worry during recent weeks has been that the coming summer I may have to pay a wealth tax in my country of about 50,000 dollars because I own tokens in verticals that are assumed to have a value of 10 dollars each at the end of 2023 despite the fact that it is impossible for me to sell those tokens at that price.

What suggests that your "information" is not correct is that for almost one and a half year RD has been working for Laxmi and until the trouble with the transfer of a large sum of money from India to the USA received his considerable salary at the right dates as far as I know. The same thing goes for another person whom I have been communicating with for quite a few years. Do you think these people would continued working for Laxmi for over a year if they thought he is a swindler?

[RealDutch]

Just to update you that we have a new website. Well, it is the same website but a different name and a new brand. myDhan has become MyCow.io for all of our companies.

https://www.mycow.io/

[palaypu0406]

Dear All, I would not be tolerating any one posting any disparaging comments hereon and I will seek severe damages from all such people in the court of law-- this nonsense crap has to stop and I will ensure it happening...

[palaypu0406]

I dare your name published here so we will fight a case in the courts and let the law decide who is attempting what...
I will seek severest damages if you are proven wrong....and If I am wrong as alleged let the law decide...
I will surely stand by my word....

[palaypu0406]

I am not sure where in the world you were for these 10 years mindless crap...
Those posts have become outdated and people turned tired of these post forwards by some cockroach mindsets...
the law held background checks on this soul including on whether I can be a director on a public company and all these complaint board or other materials that you forwarded before were turned to be farce as the actual nature of those transactions were different which some uneducated brutes think they can coerce. But the law has always shown that we still can rely upon it...

I am living of this disparage for more than a decade -- when one does not conduct anything above the law he has freedom to live in this society with all rights...
And scamming -- who is doing this -- Your poor mindset..your actions are attempting to scum people for your god known vengeance that I am not aware of a bit to the bottom of my conscious mind...

Good Luck to your poorsight... We will have some fun reading them through...

[palaypu0406]

Before people stone you please mind your world and show the world of non-criminal attitude.

[palaypu0406]

Equally the law applies to people who are attempting abuse, defamation and disparaging and the law will be so harsh on them they will never in many more life times attempt any of this crap...

[Vika1]

A person who does business or does business does not chat with people. He is busy with business and proves everything in deeds and not in words! Fraudsters describe great prospects in chats on forums, but with the amendment that you need to give a little money. So he’s baited you with verticals for $0.01, why not $0.0001?, that wouldn’t be $40,000, but $400, which he wouldn’t be interested in. And anyway, why promise every time. Sell ??100,000 verticals for $10 and give people their money back! If he had deceived me (which no one has succeeded in doing yet), I would have contacted the FBI. Don't sit idly by! You won't see the money anyway! And so at least others will not fall into his deception!

[Vika1]

Information on Laxmi scammer. If you read, you will see that from the latest posts from May 2023, he deceived a person out of $100,000!

I'm sorry you gave this scammer $15,000. You are not the first and apparently not the last. It's time for you to think about writing a statement to the FBI. Since Laxmi will tell you until you are 90 years old how you will soon get rich, but in fact your money will already be spent. I feel sorry for everyone who transferred funds to him. Fedel, did you fall for the bait too? But at least you have the sense not to pay for the other verticals. Take care of yourselves people. This is a scammer and all his schemes are fraudulent. You sent money to one account, and he asked you to send money for the rest of the verticals to another account. This is done so that it is impossible to track his actions and he covers his tracks! Collected $40,000 and you can deceive others! I bet $1000 that in 90 days you will not receive $$$

https://www.complaintsboard.com/laxmi-palaypu-ibsn-inc-siriworldcom-fraud-and-money-scam-c682907

[LVerstee]

ZERO payouts, ZERO promises kept! Included the word AGAIN before ZERO to make it more accurate. WAKE UP!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173500719

[LVerstee]

End of last year I posted already that that would be another promise to be broken. When will people wake up to the fact the man is a liar?


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173500719

[LVerstee]

"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 --"

Putting this in the light where it belongs. You think you can not be touched. But the law works overtime. That you will find out all too soon.

[LVerstee]

Indeed. RD is setting himself up in a big way. Coaching people to take out loans will come back to bite him. He should leave that to his boss.

[MaterialMind]

Source: My Gold Grams

[aandt]

Thank you for keeping everyone updated. Hopefully these challenges will be resolved soon.