Interups Inc (ITUP)

[snow]

Dear Laxmi,

One day late I would like to congratulate you very much on your birthday yesterday! A bird chirped... I found the following information on internet that may be a good omen: "The chirping of birds is believed to carry spiritual messages and omens. Different types of birds are associated with different deities and have specific symbolic meanings. For example, the chirping of a peacock is believed to bring blessings from the goddess Lakshmi, the deity of wealth and prosperity." Does it signify something that your first name is very close to the deity of wealth and prosperity?

[PaladinOcean33]

Laxmi,
Send me the link of the matter what happened to your brother ..let me see how truthful the matter is upto
Don't give history lessons here I don't need

Thanks

[palaypu0406]

Dear Karlacorn,
Thank you for the note -- Yes PTFE has wide applications...
Unfortunately it was a long court battle for him and by the time the courts decided the unit was liquidated by banks.

Once the tokenization sets in place, I would like to help him establish this unit back ...
It is like his dream child...

I am quite excited to learn your knowledge into this Karlakorn,

Sincerely,
Laxmi Prasad

[karlacorn3]

Dear Laxmi. Thanks for the info. Lots of historical reference points for learning.

On a side note, it's interesting to see your brother's foray into the PTFE arena. Fluoropolymer processing has so many cool applications, whether it be by compression molded engineered products, skived or extruded films, or wrapping technologies... across numerous industries such chemical processing, microwave communication systems, micro-chip wafer manufacturing, auto parts, etc... I'm sorry to hear of the damaged press lid. I hope it was insured.

Remaining bullish as I look forward to each of the coming milestones!

K

[palaypu0406]

Dear Karlacorn,
You have rightly addressed ...

"Management's job is to deliver results by establishing a vision, laying out a strategy, executing to milestones and mitigating problems. No business can thrive, let alone survive, if it simply assumes "....more problems could surface"... Objectives are never met in business without great planning and issue avoidance/mitigation."

IT is that continuous thrive and effort that helps the organization take the next steps than dooming into darkness, assuming uncertainty and getting perplexed when we face a situation...

I do not wish to again and again substantiate that we are diligently working to move forward and that moving forward does not just mean paying cash grants but in actually rolling the verticals to become live, placing the tokens into trading sessions and bringing value. We are actively moving towards making these tokens our currency system -- Despite any challenging environment, there is no disturbance in reaching the end goal -- to make these tokens available for distribution on a wider platform... The banking group has accepted to distribute these tokens to the 372,000 of its accredited investors and with 6 verticals live this brings us revenue....

On the cash grant, as i have disclosed in my previous note, there is a $31,000 penalty issue -- we have an investor to subscribe to this and latest by the 10th I should fly or be in Hong Kong. I am not a big fan of raising debt -- Rather we are planning to zero the debt completely as I have seen how companies collapsed getting addicted to the loan drawing. And that includes our past business -- we were not not even at fault but because of Lehman Brothers collapse and freeze on US Banks to have global exposure, our business working capital was called back that forced an abrupt business closure..The 167,000 tax returns filing business went into dust overnight because of the system failure and we just had to face it because of bank loan that was otherwise quite healthily maintained by us. And that was not the first experience .... My brother established a PTFE processing company with Habia Teknoflor AB Sweden partnership --- One of presses which was imported from National Forge Belgium met with an accident with a loose soil maintained by the warehouse and the press lid broke into pieces... As the material was containing nuclear element, he could never gain permission back with the global restrictive conditions then on Nuclear structures and banks that lent money seen my brother's life soaked in blood for no fault of his.... I may be over fearing but it is not easy for my mind to borrow money ...even with firm that has given us $600 Million matching line of equity, I have put a condition that they should convert the amount into equity at a premium that does not exceed their % beyond 20% in any of the verticals.

There is no intentional delay Karlacorn, We will deliver .... For a normal mind, all this what we are going through looks complex, uncertain and not happening but I look at myself the other way. We are able to fix these at our budding stage. If the same issue would have cropped on us after we get fully funded and our verticals become valued, the fine would then have been vulturous....... I am just thanking stars that we are able to solve issues before it turned big. And even this $31,000 fine is not for something wrong we did... Its a very very old 2007-08 issue on failure to submit some forms on the $4.22 Million wire remittances to the Indian company we remitted then. This matter did spring up when we were bidding for Air India....

yes we have journeyed through a bunch of thorns but we were able to successfully clear our path and moving into a great direction...
We are moving with great speed in the distribution arrangement and enabling the trading platform that will trigger for us deep valuations.

sincerely,

Laxmi Prasad

[spartyJ]

Oh the tangled web's we weave!

[snow]

RD For me it is ok to be honest and realistic.

[RealDutch]

Just managing expectations, Karlacorn. History has shown repeatedly that the company is not in control and issues can rise out of nowhere causing more delays.

You have previously criticized the company for not delivering results on time and I am telling you nothing is certain until the money is paid and in your account.

[karlacorn3]

Respectfully, I again cringe at this sort of reply from the business side. I believe the business is better served by not replying at all vs saying

I told you, more problems could surface

Such a statement tarnishes perception and erodes confidence (accurately or not).

Management's job is to deliver results by establishing a vision, laying out a strategy, executing to milestones and mitigating problems. No business can thrive, let alone survive, if it simply assumes "....more problems could surface"... Objectives are never met in business without great planning and issue avoidance/mitigation.

I know this is known. Sorry for preaching to the choir... 🫣

Looking forward to the delivery of targeted results.

K

[RealDutch]

I told you, more problems could surface.

[MaterialMind]

I feel your pain, we all do. Calling it a disappointment is an understatement.
I just hope it will finally get done, before the end of April.

[PaladinOcean33]

Post new date for dividend payout
I know 9/10 commitment won't be delivered
17 too...

[karlacorn3]

Hello Laxmi...

its the first delivery pain and we cannot even perform a Cesarean Birth...

LOL! Great quote!

Thanks for the situational info, and for reaffirming both payouts.

Remaining bullish in anticipation...
K

[aandt]

Appreciate the update.

[palaypu0406]

Dear Karlacorn,
We are solving a pending issue from Indian Regulatory -- the issue is resolved with a minimum exposure determination of $31,000 (Rs 2,500,000) and the regulatory circulated their determination dated March 28, 2024, yesterday night during India business hours. I have circulated the copy of the Order in the shareholders group we have on Telegram.

In response to the demand, I have put a request to adjust this payout out of the remittance we are expecting and waiting for their response.
Sans, I should arrange this payout Rs 2,500,000 in India which I have already started making this arrangement.

I was supposed to leave for Hong Kong sunday late night for structuring operations management from there and release cash grants but could not due to this last minute development -- If the problem gets fixed in the US, I will straight go to Hong Kong today or tomorrow night 12.15 am. If otherwise we have to make payment out of India, I will stop over in Hyderabad for a day or two and then fly out to Hong Kong to complete the payout.

While I cannot promise the exact date we can wire the cash payout, it will be within the next few days and we will complete both the cash grant payouts. I know we got delayed but there is nothing stalling us....

On our claim that we are turning into a multi-billion enterprise, yes it is true and I would reassert it once more now...
We have a huge development from the European Banks team side and they have in fact proposed as below,

1. Integration, underwriting and trading of tokens on the token platform

3. Incorporating operational company out of Switzerland

4. Finalzing terms of understanding

5. 20% equity for us the token banking platform -10% direct holding & 10% through an independent structure

6. Introducing agri investment tokens

7. Board Planning

8. We will be organizing AFM out of Swiss Regulatory & Licensing Compliance

Dear Karlcorn, there is no defense argument here -- its the first delivery pain and we cannot even perform a Cesarean Birth....
Money will come for sure....

Sincerely,

Laxmi Prasad

[snow]

Thanks RD!

[RealDutch]

They are not necessarily in order of launch date. CART is green as you can see, which means it has already been launched. Yellow will be launched soon and red is planned for later.

As for RISO, the way I understand it, there will be two series of these. The 76M of the first series that have been issued act as shares of the company and all profits from the rice vertical will be divided by these 76M tokens asif they were shares. There will be another serie of RISO issued to the public with a different valuation and those will will be backed by physical rice and traded by the company. How to separate the two I don't know yet. But they will both trade publicly.

[snow]

RD This is very confusing in some ways. My cart is now no. 6, whereas I have had the impression that it was created last year and was one of the first. Is the explanation that there are two series of tokens and that the ones you mention now are not the ones mentioned in the past as the tokens we own? Are the ones we own utility tokens? But RISO is after all mentioned and that is the one that is in our wallets.

[PaladinOcean33]

Provide details of project with their link instead of images
This kind of work are not accepted and you must understand date of payouts matter to investors so laxmi should take responsibility as we are expecting from him

[RealDutch]

Planned tokens.

[RealDutch]

If I give updates then Laxmi doesn't have to, and vice versa. He is just extremely busy.

And yes, plans change all the time.

[karlacorn3]

Ok... LOL. Let's bundle the dates you provided... amazing.... It's still the 8th scheduled/projected payout date.. a date that's not a favor to us but a date we we should be apprised of.

Business run this way is never acceptable. Regardless of the scores of projections, extensive calculations, long vision proclamations, and the our cheering at each promise, the results have been horrific. And the responses are unnervingly and perpetually defensive.

We profess and project a multi-billion dollar enterprise?
Nothing from Laxmi since his notice of payout and celebration nearly a month ago:

Dear All, Cash grants will be paid out on March 22, 2024 and eligible receivers should see wire credits on 3/25. I will be in Amsterdam at that time -- meeting a few from European Banks on token underwriting and distribution -- Will celebrate the occasion with our team based out there...

but these were the last few communiques we appreciated receiving:

At least the 2nd dividend is planned for April 17 so we will catch up on lost time.

So, we are now looking at banking being set up in HK between April 2-9 and the first dividend to be paid on april 9 or 10. And the second dividend by April 17.

He is flying to Hong Kong on friday to set up banking there.
The dividend payout is now planned for March 28/29, out of Hong Kong.

K

[RealDutch]

But I didn't give you a fixed date. I said we are looking at the 9th or 10th of April. Which means it isn't final. I also said, more issues can always surface.

[karlacorn3]

LOL. Sorry, you misread/misinterpreted. I meant your recent date is the 8th different "company" scheduled delivery date.
K

[RealDutch]

I never said the 8th. One more time. I said we are looking at the 9th or 10th of April.

[karlacorn3]

"Problems can always surface again. I'm kind of getting used to it" 😬Really? Investors are now on the 8th promised delivery date. Bullish, but not loving that quote. Also there's the 17th date for the second payout... bullish, but not encouraged by the comms.

I'm just a bit concerned when it takes us 4 months (1/3 of a year) to move money.

K

[snow]

So these two planned dividends will hardly make a dent in our budget going forward. Reassuring to hear RD!

[aandt]

Everyone here knows there has been delays. Anything involving large sums of money crossing borders often comes with delays. It's been frustrating for everyone. But all indications are that things are moving now.

[MaterialMind]

Of course, problems might always appear. But the kind of problems that can appear at this time should be very limited, since the money is literally in the bank.

[RealDutch]

Problems can always surface again. I'm kind of getting used to it. But you are right, $50M is available in Hong Kong out of a total of some $104M, the remainder being wired to the US.

Initially the expense was supposed to be 100M x $0.25 = $25M. But the expense for one quarter will only be close to $8M because we have only 76M tokens outstanding instead of 100M and some of the bigger shareholders don't want to get paid in cash. So these two planned dividends will hardly make a dent in our budget going forward.

[MaterialMind]

I understand your position, there has been delay upon delay. Personally remaining bullish. The previous problems that you mentioned have been explained. Right now, the cash is actually there. The remaining step is setting up the bank details in Hong Kong, which needs to be done in person. This will be done within a week, as I understand it. Once that is done, finally wire the money to the shareholders. There shouldn't be any more room left for hitherto unknown problems.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174129750

[PaladinOcean33]

This man is fooling us since long time , he was supposed to pay dividend on 22nd December, same he will come up with some other excuses on 10 april and postpone date again I am sure
Invisible burger will be served
Good night

[RealDutch]

Nobody ever said April 7 or 8. I said we are looking at April 9 or 10. You are deliberately confusing matters.

[PaladinOcean33]

I am 99% sure that on April 7,8 &15- 2024, ITUP shareholders will not see any dividends and you will find new reasons for postponing or not paying
Lots of fake news circulating on investorhub
We will see again invisible burger again in coming weeks

[RyNo_23]

Alias Born: 03/30/2024 11:55:24 AM

What a joke!

FAKE NEWS!

[PaladinOcean33]

Scam indians
https://www.businessworld.in/article/The-Man-Who-Acquired-Nothing-But-A-Dubious-Reputation/02-11-2021-410860/

[snow]

RD Thanks for the update! I interpret your information to mean that Laxmi has achieved the sort of relationship he wanted to establish with certain European banks.

[RealDutch]

I don't know if they are all rich, but they are non-resident Indians living in the US. A bit above 41k now due to natural growth on gold.

But the focus has changed. We are now doing Regulation S offerings which is for non-US investors. And we get major support from several European banks on this. I can't talk much about it. But this will make it a lot easier to fund certain projects/verticals.

We were always going to expand beyond the SDIRA accounts. But it has happened a lot sooner than originally planned.

[snow]

RD In the past there has been some focus on about 40,000 rich Indian investors in the USA and their role in the activities of Laxmi. Do you have any information as to what the current situation is?

[_lance]

Thank you! 🙏

[RealDutch]

Yes

[_lance]

Hi everyone,

Wanted to confirm, should we only see RISO tokens issued so far on investor.mydhan.io and in our wallet?

[PaladinOcean33]

What was that penny??

[pennypauly]

I remember my first post

[PaladinOcean33]

Mission 101 is on roll still

[karlacorn3]

Agreed! We certainly wouldn't want to associate with a company that manages to dates! 🫣😁

[RealDutch]

Yes, of course. But I am not mentioning any dates 😄

You already own the tokens. They are just not in your wallet yet.

[karlacorn3]

RD, are we to see the other tokens issued as well?
Thanks
K

[RealDutch]

Yes, we don't need that money now. Also, the value of the tokens is much higher now than last year.

[MaterialMind]

Snow, I don't think that one is applicable anymore. Because of this issue, Laxmi decided to sell assets in India. The money from that asset sale is what is now being remitted to Hong Kong and USA.