Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for updating to my query. It's too bad their recent assurances for remittance (anytime before the 15th) were off again. I'm sure everyone is hoping for clearance...
K
Hopefully clearance will come soon, thanks for the update.
Laxmi,
Thanks for the update!
There are no queries or clarifications on file for money transfer as of today — for clearance they are just going by sequence — due to number of requests and the outflow size it is taking time!!!
We should hear it soon !!! I will update the status back on Thursday...
We will know by today evening 6.30 pm Karlacorm...
Dear Laxmi, looking forward to the confirming update! 👍️
received updates that we will have clearance for remittance any time before the Jan 15. We can safely keep 23rd / 24 Jan as cashgrant payout date. I will have more updates after working hours and we can firm up the date but we can safely assume 23rd Jan / 24th Jan as a safe date.
Sure, respected. But the idea is not "whenever the company sends an email", but rather when there is something like an important shareholder impacting deadline is approaching. That's a business-as-usual construct. Certainly not for you to do from your role, but normally afforded.
No worries. Just thoughts from the choir. 👍️
K
It doesn't matter what you do or how hard you try. I'm not going to post reminders on IHUB whenever the company sends an email !
Dear All,
Today, the 10th of January 2024, is the most day of my life --
Not sure, what happened to me that day, but around 3.45 AM on the January 10 1983 (I was 17 and Geetha was 16)
I touched my grandmother's feet and went and tied marriage knot (wedding formality) ...
We were hardly 3 months into our friendship when I abruptly made this decision in those times...
But It's been 41 years of memorable life with her and I deeply appreciate her for this incredible journey!
We have been through many roller coasters in our lives but she always stood by me ...
On this auspicious day, I would like to make a very important announcement ---
Each member in our group whether a shareholder or staff are like our family within
Their undaunting patience and sacrifice are leading to our survival and success
and Today we have achieved a certain important milestone like a major bank and its innovation team recognizing the potential we have created..
It's the culmination of the efforts of all of us...and nothing we would have achieved without the enormous patience, risk and tolerance followed by one and every member in the group... In their own way...,
I would like to cite --
some used up their personal cash for business of the company...one living in a tent but still hoping a roof under sun, some despite fighting the bloodiest health trusting us...a soldier trusting us even while getting bombed...some defying their ages...and some defying their daily survival even...
I would like to write on the wall -- We are all like a Cockroach (insect) Team that never dies even if life is reversed ...legs are besieged...
We just fight in patience and outlive our suffering... and that deep fighting spirit in us is giving us this success...
Such a strong success that I can confidently write today....each of the 15 odd verticals that we are planning to activate will be multi billion dollars worth...
And 2024 beginning, we will be moving deep into the life cycles of these verticals....
I attribute every piece of this as our group effort ....
I would hence like to revere and venerate everyone's efforts by introducing 2 important benefits on this auspicious day ----
(1) Group Profit Sharing Plan with 5% Token Equities (5,000,000 initial tokens) set aside for the Group in each of the verticals - 2/3rds of it goes to the staff and 1/3rd of it goes to ITUP & Cow Shareholders in verticals
(2) Group Welfare Fund with 3.33% Token Equities (3,330,000 Initial Tokens) set aside for the Group in each of the Verticals -- 2/3rd of it goes to the staff and 1/3rd to ITUP & Cow Shareholders in Verticals...
All dividends accrued and any gains in market valuations and disposal of tokens from these accounts accrue to the merit of the group in the ratio 2/3 : 1/3 between the Staff and the Shareholders... 2/3d to the staff because it is their effort that results and yields success.....
Danielle will framework the policies, guidelines for withdrawal/loaning of profit / value generation and yearly distribution rules etc.,
Let us become one of the largest and strongest Corporate Families spreading length and breadth across multiple geographies ...maintaining values and ethos and the high octane and visionary abilities we have as our inner self...
Wishing the best,
Laxmi Prasad
While your position is appreciated and respected, it is curious because you seem to have no issue reminding people to buy into verticals, and suggesting they take out loans to do so... seems a bit of a contradiction in "policy". Reminders are one of the most common and appreciated forms of communication.
Respectfully,
K
You're not up for the role as CEO?
(Chief Email Observer)
I'm not going to remind everyone on IHUB every time an email has been sent to them.
RD I accept that information not suitable for this domain is not published here. However, I find it hard to see that it would be a problem to remind shareholders that a circular to them has been e-mailed. Then we can check our spam boxes. It is easy to forget doing that very often.
Dear Fedel,
I believe in God and I do everything to my conscious best
I have never crossed my steps of conduct ...
I am writing this to tell that we do do not need to prove to the world what we are
Our Conduct, God will analyze us through every bit of our life and to recognize or not recognize our merit is him and not the world...
I believe that we are just his messiahs ....His fairness and judgement is what matters in our existence...
Dear Fedel,
There is no obligation nor it is mandatory.
Company offers certain benefits in a certain way...
But it will not be possible for it to do certain things like searching a buyer or lender --
If you have anyone who can do that for you so you will take ownership...Please do go for it...
On any qualified holding in any of the verticals that offers cash grants, one will sure receive cash grants that we promised.
Rest of the verticals will become an offer to purchase in open market...but again at one's will and wish...
There is no obligation to purchase nor subscribe and no pressure from our end...
Sincerely,
Laxmi Prasad
Dear Laxmi. I'm with you! We believe in you! Show others that they were wrong about you! And perhaps I will visit you in the near future, if you allow. Good Luck!
What if someone chooses not to pay token subscription amount(s) before the 4th of December 2023 --
(a) Their TOKEN allocation will be kept in abeyance until Feb 29, 2024 (this means they will have time until 3 months to subscribe)
(b) The subscription price per share will no more be @ $0.01 but $0.50 effective 12/5/23 through 1/15/24 and at $1 thereafter until 2/29
(c) Failure to subscribe, the company shall forfeit the stock grant and transfer the stock into treasury and it will be at its freedom to sell or dispose off these stocks to other willing investors at the rate it desires to sell such stock.
(d) No cash grant/dividends shall be paid by the company on any such unsubscribed shares
Great, I've found a plan of action. Subscribe until February 29 for $1. Then I will buy 7200 tokens from the dividends I receive. After all, theoretically they will cost
10$ and I will get 900% for 7200$. If there is no payment by February 29, then I risked $900)
Your plan won't work. The person selling the shares to you for $0.05 would actually be worth $10. This could result in a number of problems for you. Taxes being one of them.
Gotta get that loan.
No thanks. I don't need a loan. I last took out a loan for 8 years and paid it off 8 years ago. I love freedom and not thinking about the next payment. I'll probably get by with 3 verticals. I'm still waiting for a response from Laxmi. Thank you.
What you need is a loan. The person offering the loan can wire the money to Sura Inc. on your behalf in your name.
Then, after you receive the dividend, you pay back the loan with several 100% premium.
Most people don't have any money though. But perhaps you can find one person.
Not everything may be suitable for this domain. Not everything will comply with IHUB terms of service. We can't use IHUB for official purposes. Future emails will also be sent from Dhan (or Cow). So you should always check your spam inbox.
Dear Laxmi. Do I have the right not to buy other verticals? What about having the ones you bought and receiving dividends on them? Since I expected to receive a payment on December 24 and buy verticals with it. Or buy them for me, I'm even willing to pay 5 times more. You can send me dividends on January 16 minus a 500% purchase premium. I think this is a great deal. Maybe one of your employees will agree to such a deal? He will buy for me at 0.01 and you will send them my dividends at a price of 0.05. Thank you!
RD I suggest he inform those who read this board when an e-mail has been circulated. This sort of thing has not happened before. Perhaps there were a lot more recipients this time than in the past? It is hardly wise to send e-mails that have to be acted on fast in a way that some recipients will not receive because it has been filtered out as spam.
You should always check your spam box.
Laxmi sent the email from his Dhan account.
Next time he will send it from his Cow account and it will go into your spam box once again.
RD The one I did not receive was in my spam box. I seldom check it.
Dear Laxmi
I have received it now.
Check your spam inbox, Snow.
No need to. I already have it.
I will include the personal mail ID again...
I just copied to your work email this time...
but for snow, it is the same email ID...
I didn't receive it in my personal account either.
I had to send it form my work account to my personal account before I could send it to my connections/friends.
And usually I don't have to do that.
I just copied to you on the work email in your case RD...
Snow is there on the list and its the same email ID that I have been using it for him over a long time...
I also didn't receive the email in my personal email account. I did receive it in my work account and also in my Yahoo account.
Usually I receive this type of email in my personal account (and not in my work account). So perhaps you didn't use the proper list.
you are copied on it Snow, I am not sure why You have not received...
I am forwarding it again, please let me know if you still are not getting my mail...
LP
Dear Laxmi,
I have not received the e-mail you refer to. I wonder why since I have received a number of e-mails this morning from others. Is there something wrong at your side? It does not relate to me but I wonder if the company address you provided is insufficient since it ends with "Suite 102". I apologize if this is bothering you too much.
This was my circulation through email today morning....
Dear All,
We switched over from Bank of America to JP Morgan Chase for practical reasons.
Anyone wiring money on Verticals subscription, Please kindly wire to the following accounts and we will post it to the respective verticals. Please kindly not wire money to any of the Bank of America NA accounts that we were holding. We closed our Bank of America Accounts as they are charging steeply on wires.
Company Name: Sura Inc
Company Address: 995 Marsh Road, Suite 102, Unit 208
Bank Name: JP Morgan Chase Bank NA
Account number: 575756815
Routing number: 021000021
SWIFT: CHASUS33XXX
Bank Address: 270 Park Avenue, 43rd floor New York, NY 10017
Zelle: invest@whiskey.mydhan.io
Anyone who is yet to pay for any of the vertical subscriptions on 1-5 verticals (Masala Agri, My Gold Grams, Food Carts, Sura Inc and My Plane Seat) may still send their subscription money to the above bank account details forthwith.
ALSO, We do not have email addresses of all of the ITUP shareholders on record, who might have subscribed into ITUP/or market purchased through the reference of known friends. Those who receive this mail may henceforth forward this to your known friends who might be ITUP shareholders. Please advise them to urgently contact us at IR@mydhan.io with the number of shares they are holding on record. This will help us let them know how much they should pay into the verticals to have their subscription and be entitled for Cash Grants. This shall be our last and final notification on the vertical subscription for 1-5 Verticals.
While subscription is not mandatory, vertical subscription and cash grants are possible only to those shareholders who subscribe to the verticals. We will not be reminded of this any further... Those who already paid for verticals may ignore this message.
Laxmi Prasad
Dear All,
It will not be possible to stretch the date ..
In fact we are releasing PPM with an issue price @$10 per token effective this January 10 ...
And with great difficulty I am holding tokens in reserve for ITUP & Cow Shareholders at founders price.
27,500 Barrels of Fresh Pour and 6,000 Barrels of Mature Whiskey is already contracted with and we are advancing on 4 A350-1000s and 1 A321 Neo for Plane Seat Fractionalization.
There is no room for additional time -- The bank that is supporting us with advancement of money to buyers is fast moving and in fact I am meeting them tomorrow and 10th we are releasing the Private Circulation Memorandum.
Sufficient time was given for shareholders to subscribe for $0.01 and I have indicated many times that effective Jan 1, our valuations will change. These 5 months until May 31 are extremely critical and crucial for all of us -- Not only these verticals speed up we are also focusing on sponsoring our first SPAC... By May 31 we are ambitiously aiming for buying out 3 spacs. In all of our overall interest we cannot stretch -- We cannot offer Tokens at $10 and the same time offer them for $0.01 to founder members.. That will be a big technical/legal issue.
Laxmi Prasad
I guess Laxmi will reply to this... Short answer, no, the date cannot be moved.
Also note that they have moved from Bank of America. The wire information is different.
What now (classic)? Dear Laxmi!, I'm asking if the Jan 16th payment deadline for the next two verticals (Plane Seats & Whiskey) can be pushed out? If that has been addressed somewhere, I missed it!
Original message: Dear Laxmi. Since the payout date was moved have you considered moving the 16th date as well, to maintain the same 6 day delta from payout to pay in?
What now? He has explained this already.
Dear Laxmi. Since the payout date was moved have you considered moving the 16th date as well, to maintain the same 6 day delta from payout to pay in?
K
Thanks! It's not always easy keeping up with disparate information.
Thanks again explaining.
K
I have already explained this before Karlacorn --
Even if we the apex body clears on coming Friday, notification to the remittance bank happens only on the next working day, which at the earliest is 16th as 15th Monday is Festival Holiday in India (Sankranti). And assuming the remittance bank endorsed the wire the same day, it comes and sits in US Account on the 16th. We need to follow 7 days notice from that day plus 1 day for carrying wires and this is hence 24th as the Date.
This is exactly what I have written even last time that we will get paid on 17th assuming that we will receive clearance by the 9th. However, we are still anticipating clearance in the same week but by Friday. But, because of weekend plus Monday being a festival holiday, wire is pushed for 16th.
Laxmi Prasad
Laxmi can you share why with the remittance coming at any time before the 15th, the payout date is 7 to 9 days after the 15th... noting these are all electronic transaction?
Then there is still the 16th date, right?
K
Thanks for the update regarding the coming remittance Laxmi. I find it encouraging that you have received confirmation that the remittance will be received in the US by the middle of this month and that the date of the remittance can be fixed.
received updates that we will have clearance for remittance any time before the Jan 15. We can safely keep 23rd / 24 Jan as cashgrant payout date. I will have more updates after working hours and we can firm up the date but we can safely assume 23rd Jan / 24th Jan as a safe date.
We will know today India time or we have to reschedule it by a week.
By morning CA time, I will be updating!
Good evening Laxmi. We're one week away from our restated milestone! All set?👍️
Happy New Year, Snow.
Moreover, India appears to be a very dynamic country these days with a high growth rate. To me it seems very adcantageous to have strong links to india. China seems to be paling in comparison. The population is getting quite old. There now seem to be few big investment that make much financial sense any longer. There is a glut when it comes to housing with a lot of houses empty. There seem to be more railroad lines than what is financially sensible.
Followers
|
59
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
10610
|
Created
|
09/05/19
|
Type
|
Free
|
Moderators pennypauly aandt RealDutch |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |