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This is a bit tiresome. It doesn't take a lot of time to create value here. The only question is whether the tokens are worth $1, $10 or $100. That is the ONLY thing at play here. But even at $1 most people will be very happy here.
Those are wonderful points about ROI and the fact that it might take time. The old adage, "you should only invest what you can afford to lose" will stand the test of time! 😀
I've been a part of two early investor pools, and a few other late round participations. In each case the focus was not on the ROI but rather the capacity for the entity to be adept at operations as well as establishing milestones and effectively communicating progress against the milestones. The objective of each entity was to illustrate the ability to lay out a solid path and then repeatedly put one foot in front of the other. The idea was always to have a solid and transparent operations methodology to ensure succinct definitions of success and subsequent measurements for objective assessments.
I've found it's important to always understand that an organizations success is never defined by one instance. It’s defined a repeatability of successful instances. I grant that every "startup" organization is different but I also submit that there are common threads of operational norms/standards between successful "startup" organizations.
Remaining bullish... and hopeful,
K
I believe many of us, including myself, overlook the fact that we're early investors. Meaning that risk/reward is high, and that it might take "a little while" for the value to materialize. Who on this board has been invited as early investors in new entities/companies before? Usually retail won't get to invest at these levels, but have to wait for an IPO.
Petrejus Thanks!
Snow. You can use your regular email address to receive a secure email. The sender should use a secure email solution to send you sensitive information, Gmail's secure email or some other secure email provider.
MM There was a reference to safe communication. A few years ago I actually received the contract of more than 30 pages in relation to IREEEM/Cow Capital in my national e-mail address. I don't if it relates to my private key. If the wrong person gets access to it he or she may steal the tokens from me.
I don't disagree with you or Snow in principal or concept. My point is, nothing has been delivered as projected. The amount paid, the $10 prjections, etc, are not my points. My point is, as an ownership of multiple companies I could not keep my employees if I was able to deliver the vision but not be accountable for my projections and execution.
We've all remained bullish through the vision of Air India, Lavasa, 2022 dividend, NYSE, and other buy-ins and we're still here, showing we are not concerned about the .01 and such. We're simply expressing our thoughts as we look forward to reliable information and accountable business execution... standard expectations in every industry and every geo.
Coloring myself bullish every day...
K
Why does it have to be gmail?
Don't know if they would be able even if you could get them on the phone...
If you have Google One subscription, you can probably get an English speaker on the phone within 2-3 minutes. Otherwise I guess you'll have to use email/chat. (At least I think you need a subscription for it...)
The Gmail recovery is usually a breeze, but it does require you to have setup a phone number and/or backup email for the process to work.
RD Because I paid so little for the tokens it does not take much for me to be happy about my investment in the verticals. But a new problem has arisen for me that I have taken a couple of initiatives to solve. Laxmi's people make the digital wallet for me but they would like to e-mail some information using gmail. I don't have gmail and I have lost the the Google password I need to do that. Google appears to be so poor that it has no phone number I can call in my country to get some help or an a-mail address in my country that I can send a request for help to.
karlacorn I disagree with you. The verticals represent a technology that has not been used extensively so far even, if it is being taken into more and more use. My experience over 50 years is that venture companies are extremely risky. During the 1980s I was on the board of a venture company that was listed on the stock exchange in my country. About 90% of the companies we invested in failed totally.
Based on my experience as an investor over 50 years I regarded the verticals as very risky. But we paid very little for our tokens. Therefore the risk/reward ratio looked very good even if it to me looked like a very risky investment. I go for high risk/high revard. I therefore invested about 7,500 dollars in the 9 verticals, which turned out to be how much I was entitled to invest. I have noticed that the transfers of the rice tokens has increased to an interesting level this week. I think that this is a suggestion that at least some of the verticals will not be total failures. It will be sufficient for our investment in 9 tokens to be a good investment if just one of the 9 verticals is a moderate success. If one of them is worth 20 cents we will do well.
Karlacorn, you know the situation perfectly well. The company does plan to pay quarterly dividends. Even monthly dividends at some point.
Does it really matter whether they pay 2 dividends in March/April? No it doesn't. Besides, they already increased the dividend from $0.15 to $0.25. And people need to stop complaining about the $0.01 they (had to) pay for the tokens. When the company is paying a quarterly dividend of $0.08333 on these. When the tokens could easily be worth $10 or more. It's hilarious.
Bullish, but we should know....
I'd dare say that most people who purchased into the 3 verticals did so because it was not a speculative transaction, but rather a direct offer of X amount of tokens, for X amount of dollars, yielding a definitive cash payout by X date (repeating on a quarterly basis), as long as you purchased the verticals on or before the cutoff date. The only variable that has been timely executed was the cutoff date to purchase into the verticals. Unfortunately after more than two months the token transactions haven't completed (not understood).
While I color myself bullish, I do not feel good that all we know is there is a lot we don't know. This was to be a straightforward direct purchase and dividend transaction, wherein we now face a question regarding the second dividend. Base on the current timing, are there to be two dividends paid out at the same time? The offer and agreement timeline would suggest so.
Still hoping to count both chickens....
K
Monday is Presidents' Day. That is why we should receive the money on tuesday the 20th. But I agree with you. Don't light that cigar just yet.
I guess we will not know until Monday... Even if we get some sort of confirmation on the 16th, I will not trust it until the cash is in the US account. I do not trust regulators to act swiftly. Even if they do release the money on the 16th, who says it won't be held at the receiving end for a few days? It is a lot of money after all. Remaining bullish overall of course! Just don't count the chickens just yet...
Another date stated as a key date is approaching; February 16th. Are there any issues relative to this date/milestone? With the token in "leu of" fall back established are we still expecting to see the cash dividend and releasing the yet to be allocated tokens?
Thank you.
K
Yes. Or you can send an email to support@mycow.io and ask her there.
Yes, I am. I see a Likki Palaypu in the group. Should I reach out to her?
Thanks for your help!
You should ask Likhitha this. You are in the telegram group, right?
Yes, they are issuing the rice (RISO) tokens now to the shareholders. The other verticals are next.
You should all keep checking you email spam inbox for mail from MyCow support.
RD I notice that the number of rice token holders has quadrupled in a few days and the stake of the biggest token holder, which I expect is one of the verticals, is down by about 4 percent in the meantime. This looks promising.
Great to hear - thanks for the update, aandt!
They are working on it, I have my account and have started to see tokens. I am guessing more to come this week.
Laxmi. Sounds great. Thanks for the info!
K
Fixing tons of issues Karlacorm but progressing...
Each client account creation is consuming time because of background check process.
However we requested if we could automate this procedure and bulk transfer ...
Developer team is working to organize this for us...
May be this initial transfer, we will have to undergo this tedious procedure ...
But, We will ready the platform for automated clearance by the time we have the banking partner coming in for retail distribution of tokens.
On transfers, From Monday, we will see increase in the number of per day transfer of tokens...
Laxmi Prasad
So looking at the link, there have been only 5 transfers this month. That's a bit perplexing, no? "Just trying to understand the direction of the boat" 😊.
K
RD It looks as if trading of rice is picking up a bit but few trades have happened this year. By checking a few pages I understand why you compared this to trading stocks. I get the impression that Etherscan which seems to be part of Etherneum, which is the second biggest trader of crypto currencies after Bitcoin, is the chosen vehicle for trading the tokens. I had got the impression that it was a Danish firm.
Work is in progress --
I don't know. There could be.
I signed up on 1/31 and haven't heard back yet. Do you know if there's a backlog in setting up the accounts? Thanks for all the updates!
Ok. I think I did miss something.
Thanks.
K
You can't receive the tokens unless you have a wallet. They have started that proces now, setting up accounts for people. You can see here that they have started transferring RISO tokens, the security rice tokens.
https://etherscan.io/token/0xb87CF5b60111A7145ddfcFcBD2D809088085E056
RD, I just looked back. So with vertical tokens purchased in early December, shouldn't investors have received their tokens then, or certainly by now? I ask because most digital purchases are instant. Excuse me if I have missed something?
K
RD, thanks for the reply.
K
No inquiries. Laxmi expects the bank to wire the money on Feb 16.
Another one of our dates was February 1st. Did anything happen?
K
I received the Registration As Part of an Entity email yesterday. It says "You have been registered as part of an entity of (my name) with the role of owner. Signatory permissions granted.
You can find out more about your identity in you dashboard here.
I clicked on "here" and it took me to the login page where you enter your user name and password.
I am not sure of the next step. I am registered but that implies I already have a user ID and password. Or do I create my own login and profile and once I am logged on, I will become a member of (my name) in the next step?
Dear Fedel,
you will need to have Wallet Address - if you are unable to create one, we will try to help you out --
Tokens are issued into this wallet securing the cash grant payout -- On or before March 19 if we pay cash these tokens will be burnt off --
If you not you will be to able to redeem these tokens with gold grams that could be liquidated or sold out or partially kept and partially sold out....
You need a wallet either way, for your security tokens (=shares you own of the verticals)
Plan is to pay the dividend in cash. But they will also issue utility tokens for these and put them in your wallet.
Best to contact support@mycow.io and ask them to help you set up an account/wallet. If you don't have one yet.
Good afternoon everyone! Sorry for the question. I still don’t understand whether I need to provide the crypto wallet address? Or are we waiting for a cash grant in our bank account? Thanks for the answer!
Very encouraging news Laxmi!
Where are you located if I can ask please ...
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. 💵
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
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!
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.
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.
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