To our Indian friends,

Pay close attention to what Laxmi is offering. He claims that anything owed prior to September will not be paid in cash; instead, you will receive tokens that hold no real value. This allows him to avoid paying you the money he doesn't have, yet he presents it as though he’s doing you a favor. He is not.

Laxmi promises to begin paying those who return to work on a (bi)weekly basis, with payments coming directly from the US company. However, this may create a host of new challenges for you, and taxes will be the least of your concerns.

Do not let go of what he already owes you. If you accept this new offer, the old debt is effectively erased, and there is no guarantee he will fulfill the new promises. He has no money—only words.

Also, take note of his attempts to speak to individuals separately, discouraging group communication. This tactic, known as "divide and conquer," weakens our collective strength. As a group, we are strong. Don’t fall for his strategy.

Kudos to the Cow Fraud Prevention Team (CFPT). Is there a way we can help fund operations? You must have expenses 🤣

I know our money is gone. That is why I will make sure we keep our deadlines.

Watching you get sent to a place where they keep you so long that you can’t tell your fart from a yawn is worth the loss to me. It’s a small consolation. The real prize is having Laxmi put away.

Keep laughing EAG.

I think congrats are in order for the way the fraud prevention squad on this message board has evolved into an elite team of fraud fighters that would make the most professional organizations think twice about their own procedures and effectiveness. LMAO. 🤣

Thank you for sharing your email, LVerstee.
Folks, pls keep LVerstee's email (bucketfraud@gmail.com) in case you need to have support from each other. I hope you don't need it, unfortunately I believe you will need it. This is a scam, a fraud.

You have it.

I don't do phone numbers.

You can contact me on following bucketfraud@gmail.com

LVerstee, Could you let us know your contact?
Folks, very soon you'll find out all LVerstee's skepticism, predictions are true. The banks, coins, everything is scam. No bank will work with CEO Laxmi with such a track fraud record.

It's in public news and in publicized courtcases. And RD attaches to people like this to earn money as promoter.

Laxmi has gone completely silent, both on this board and with the Indian staff to whom he owes hundreds of thousands in unpaid wages. He hasn’t paid them a single penny. And he had no intention ever paying investors their grants/dividends.

October 11th will come and pass.

These employees have been exploited in the worst way by this so-called CEO. This man has acted with such disregard that he can hardly be called a human being. A true human being shows empathy, understands right from wrong, and lives by ethical principle, qualities he severely lacks.

That is not a personal attack. It's a clear observation of stonecold ironclad facts.

LVerstee I did not know that Solomon took millions of dollars abroad. But I know a rich Norwegian and some others sued him. My impression is that it resulted in nothing. I did notfully trust Solomon.

Solomon of SIAF defrauded the company of millions and you call that a good investment opportunity? You do know he took millions abroad right? Both the company and law are looking for this pensioner.

RD gave you a tip because he got tipped by a smart investor.
Classic MO of a promoter.

You don't have to take a single word I take serious. DO however read courtcases and news articles on the subjects and see if you keep blindly believing someone who HAS taken you for a ride over that same period.

You are part of "his group" of investors he keeps tapping.
We look at the other boards as well.
With his stories about using money he would make here to buy shares elsewhere to drive price up.

Don't you realize that is a ploy to have others buy shares now before those prices supposedly go up?

That's what promoters of a pump and dump scheme do. Wake up please.

You poured thousands in it and he got his wages out of it.
So yes he took you for a ride.
Laxmi has been living of our money but the well has run dry. No one except a few can be convinced to put more money in it. Come October 11th you will hear and see nothing.

He again has not paid his staff. Not a single penny. Nothing.

LVerstee I forget where I found ITUP. If it was RD he has stated I think he was made aware of this stock by a very smart investor who recommended AT Ameritrade to me. I have followed RD for more than a decade. I am aware of his strong and his weak qualities. I am convinced he believes in the companies he recommends. The same goes for me. Nobody knows the future. Enron and Arthur Anderson show that highly reputed companies can go down the drain. It is far from a documented fact that RD took me and others for a ride. I just looked up to be quite sure what it means to take a person for a ride. I am convinced that he did not take me for a ride. It was hardly a given that SIAF would end as a total failure. The leader whom I met when he visited Norway (the stock was quoted in Norway for a short period) made two very bad and big investments (a butchery) and he did not ascertain that the water he was to use in big quanties when he started a very big project to raise fish and prawns was clean. It was not. Moreover, he increased the sharecount by almost 10 times as far as I remember to serve as a bank to give credit to Chinese farmers who were unable to pay for what they bought from SIAF before they had sold what they produced. The problem was that the stock price was very low in relation to profits and this meant a lot of dilution.

I don't know what you mean to be in on it. I have received nothing in return for my investments so far. Based on what I have read I assumed and still assume there is a fair chance that my staking a good deal of money on Laxmi will work out well. He has impressed me a lot in various ways. But his strong feelings run away with him at times, which is not beneficial for himself and for his businesses.

snow unless you are in on it this time, RD took you for another ride. It's a documented fact and you know this.





https://investorshub.advfn.com/Sino-Agro-Food-Inc-fka-SIAF-10074

Most people on this board are not stupid RD aka EAGW.

The rinse and repeat approach doesn't work on all of us. For people wondering what spartyJ was referring to do your DD or simply ask.



snow tell me this message by RD doesn't look familiar. And you called me Mr. Hyde right?

There ya Go Dutch....now you are truly in line with SIAF. I am sure Solomon is part of your Nigeria team and building your aqua farms! Do you have Tony on retainer and paying him with tokens? I know, as soon as this "CEO" has $20 in his bank account, you will be moving forward to your trillion dollar market cap! You really cant make this garbage up, can you? Well, you can if you have done it on many other IHUB boards! Here is your history for old time sake!

1. SIAF - Chinese Aquaculture company with shrimp falling out of the net! Stock was at $17 a share from the pump! Not trading anymore.
2. HERB - Multi Billion Dollar company with "hidden assets" worth Billion of dollars........ and yet nobody is replying to your emails or threatened lawsuits. But alas, Manny Pacqiou is now on the BOD and soon the hidden assets will be revealed.
3. ITUP- Trillion dollar market cap from a company that does not pay their employees, nor has paid you over the last year. This "CEO" hired you on IHUB, along with a couple of your buddies. I think this is how Apple and Amazon started, right? Are you freaking kidding me?

Now I will leave this board, along with you and your "CEO" and wait until you show up on another scheme with "your group of gullible investors".

Sure.

You talk nonsense, all the time. And you have ruined it for everyone here.

You can try run EAG but you are already marked for pickup.

Sorry folks, the company is shutting down this space for good as there will be no more announcements. And given the way I am being treated, I will no longer be giving you updates either. And that is the end of it.

There are some that had enough of the lies and give us everything we need to take this fraud down.

LVerstee I am surprised if you have access to what is published on Telegram. I have had the impression that this is not an open channel but a place where secrets can communicated because only a select group of people use it.

And yet they used it. Don't worry I will update you with what we learn there.

It is true that Telegram exists as a closed forum for business secrets. That may serve for a private business with few stakeholders but hardly for business that plans enormous expansion. It is a backward-looking approach.

RD Then updates should at least be given in e-mails. I agree that it is hardly a good idea that discussion of what is happening is carried on the way it has been in this kind of forum. But in my view the sort of updates that companies publish for instance on Yahoo finance and other similar fora should be published here. That does not have to mean that the company will engage in a subsequent discussion of the update.To my mind it makes little sense that big banks distribute a lot of tokens at the same time as mycow acts the way of a private company with just a few shareholders often acts. The approach you mention is backward-looking rather than forward-looking the way I see it. Aristotle was a supporter of the golden mean in contradistinction to Plato. In this context I go for Aristotle's approach.

Sure. You think you can run. There is still Telegram.

The company has decided that no more updates shall be given on this forum.

And for those who missed it palaypu0406 has been suspended.
That is why he has gone and created a new account continuing his misinformation.

He is quick to label others as criminals and resorts to profanity when confronted with hard facts.

Personally, I have never stood in court as a defendant, that's a distinction reserved for him. This is all verifiable in court records, which are publicly available if you care to look them up. And there are very recent fresh ones at that.

RD, you claim to know the names of these banks. I’ve heard plenty of names as well. As you can see from his response, he doesn’t deny Mercantile Bank International (MBI); in fact, he confirms it.

But your knowledge of the European banks comes solely from him. Have you personally been part of any conversations with these banks? No! It's just what he tells you. So if you don't know personally, don't defend because you are then purposely part of this problem.

RD Then they are way bigger than the biggest bank in Norway that did not allow me to wire 5,000 dollara to purchase tokens in Ibank. I wonder what their reaction will be if/when they learn the identity of these banks.

RD Don't ask him. Not long ago he stated that he thought the time had not come yet. Right now I think there is no need for us to know. The situation is what it is. We stakeholders may have various degrees of confidence but right now we have few choices to make I think.

Anyone reading this can see the multiple contradictions to the countless lies we have been fed by him so far. I don't even need to comment any further here.

About the bank. Laxmi says we are covered by privacy. I think he means NDA. Well, yes and no. It's complicated. But he also agrees, once they start circulating our tokens it will be known in the public domain anyway. Which will be soon.

It's a very large bank with close to 55M customers globally and $1 trillion in assets under mangement. The other 2 banks are even bigger 😃

I don't know if they take Laxmi 100% serious. But they certainly take our business 100% serious.

There has been one lead bank (and partner) we have been doing business with since November. Laxmi mostly. And they have been working with 2 other major European banks. Teaming up with them. And another one in India.

Let me ask Laxmi if it is perhaps time we can disclose the one bank we have been working with. I'm just very reluctant to mention their name. Those who have been paying close attention should already know......

RD "They are 3 very very very large European banks." The very fact that Laxmi has been in contact with them for so long is the way I see it a very strong indication that they take him very seriously. Once their identities are well known it should be a quantum leap as far as investors' attitudes to the tokens are concerned.

That is why I explained it Snow. They will split the stablecoins after every x cycles. Not sure if they will do the same with our SIRI equity tokens but it don't really matter.

RD I just referred to the numbers under stable coins and the numbers under SIRI tokens. After one year the former are 746,946,000. The latter are 79,264,000.

I know the identity of the banks. And most people on the other forum do.

They are 3 very very very large European banks. Another one in India I think. They will become public knowledge very soon, would be my guess. It will be very impressive. That, and the trip to Anambra in Nigeria will be 2 events to look forward to, for the shareholders.

Not 10 times.

If the cycle rate is 5 days then we get 25% of profits and the investor 75%. I didn't feel llike (and probably shouldn't do) the same exercise on their behalf. If the cycle rate comes down to 2 or 3 days then we will get 50% of profits. In which case our SIRI could be worth $5,000 as it is a double win for us.

The way this works is, the value of the stablecoins will go up after every cycle because 1/2 is SIRI and 1/2 pure gold. But they will split them frequently so that they remain backed close to 100% by pure gold. That is the essence of a STABLEcoin.

Yes, the banks seem very enthusiastic. Also about the other stablecoins for plane seats and whiskey.

Thanks Snow for clarifying.

modes Right now thare are several posters here who assert that the tokens are worthless and that Laxmi is running a scam. We don't know the identities of the big European banks he is working with. But once it is possible to buy the tokens from the European banks those who do so will know the identity of the bank they buy from. The names of the banks will become known. This will greatly enhance the reputation of Laxmi and the tokens will be much more credible. Therefore currently a lot seems to hinge on these banks selling tokens to their customers. I hope this helps.

Very interesting RD. I notice that the SIRI tokens can be expected to be very valuable after one year. The second thing, which is more or less what I was interested in but raised the issue in a clumsy way is the relationship between the value of the stable coins. I have not seen that question elucidated before. I am surprised to see that using the same criteria the value of the stable coins can be expected to have a value of almost 10 times the value of the SIRI tokens. I understand why the banks are very enthusiastic about the stable coins.

Dear All,
This is Laxmi Prasad --
I am writing this NOTE about one LVerstee's note forwarding my email to VICKY --
I put emails to the staff on 4th, 8th and 10th clearly writing that I will be frequenting the hospital and my procedures will be completing on 14th. This Lverstee who is campaigning a smear propaganda should also forward all those emails that I have to the staff. Never in any of those mails I wrote that I was continuing my stay in the hospital. And it is a fact that I am still undergoing medical treatment and visiting the hospital for various ailments that I do not wish to discuss. I am very clear of what I am writing. But this one particular vicky was posting me almost multiple messages every day and despite my responses that I will be able to answer after the 14th procedure, he was continuously posting messages. Then out of frustration I put the message what this Lverstee circulated and has been claiming that I am falsely faking on my health. Anyone in my position will write the same if someone is haunting you multiple times in a day despite advising that I will answer after the 14th procedure is complete. And secondly, on the day and the moment that I posted that message to Vicky, I was indeed in critical care as my Blood Pressure showed up 90 / 52 and I was placed in critical care for 3 1/2 hours until my Blood Pressure turned normal and my readings turned back to 117/79.

And it is indeed a fact that my medical procedure is due for a second procedure and I went through cardiac procedure. While this one Lversttee and his associates claimed that my hospital records are itself fake, I still circulated them through RD for public verification. There are people within our staff and group that have visited me at the hospital and I have openly offered that my records may be checked through the law itself. It is quite painful of someone's mockery about my health and continuously discussing about it within an agenda to malign my conduct and responsible accountability. Grossly unacceptable.

This gentleman, having my mail forwarded in piece meal and trying to gain advantage of it by wrongly interpreting (and this is hence I was very particular of him forwarding that note, because that helped me nab the guy into actions) He should forward the emails that I sent to the staff on the 8th / 10th writing that would clearly assess what I wrote to them about my hospitalization, and hospital visits and the procedure dates. I am not sure, if anyone's health will be so badly discussed...

I leave it to the mindset of the human who is smearing on me ... I have never lost my character, credibility or my professional conduct no matter even if my stance and relationships got soured because of my clean conduct.

2. One such human was the person who wrote the article and acted low disrespecting journalism -- Not us, none can fund him and it is very unfortunate for Indian journalism that some of the private press resorts to this extortion, blackmailing etc., Disregarding his behavior I hold deep relations with major news channels and they are more than thick friends to me beyond business. Just because one rogue exists in journalism I have not lost my respect for others.

3. On our association with the banks or the sales, the company indeed is in agreements with multiple banking groups and and I not disclosed their names publicly as we cannot and even if we mention, then we never know who is our enemy or foe -- we are publicly seeing some elements placing their best hearts to prove that we are a farce and worthless company.... When netscape was going beyond explorer in growth, the other competitor bought it out and on the night of the acquisition the people from the acquirer company bulldozed the logo of the bought out company. So severe will be hate in competition. We never know who this Lverstee is what his intentions are and what he is upto. As of now, he is continuously trying his best to show that we are worthless company and I am a fake and I have multiple records in the courts and I do not doubt he will go to any extent of vengeance to prove his point. I have emails that he personally wrote to me blackmailing that if I do not recruit Dennis Murrary, then he will circulate a zip file about me to the regulators -- and he even has written some of it here calling some Alex etc., I am quite open for it... I have even circulated to the staff and shareholders of my background check and records. And put all my explanation about the atherton rent and the bay area white house purchase. We get into many deals and some happen and some do not. and some we keep pending for various reasons. One such is business world and one such is Bay Are white house. IT is a fact that we supported employees of Air India itself for bidding the airlines and spent heavily but we could not win as the policy of the government was different. We win and we lose and we enter into legal battles...many times I ignore representing when the cost of our time and money is far from being beneficial.

4. On our sales, We have never made any tall claims and never claimed that we made some sales even in thousands -- There is deep work in progress on the materials in placement that we are asked to submit before any of these associates could circulate. The Law in the United States follows a different set of procedure and treats sale of tokens in accordance with Howey Rulings. The law in europe works different -- It is certain that we are working in tandem with these banking groups through multiple attorney offices -- in Italy, Netherlands and UK to submit our licensing application to the Financial Markets Authority to become service provider for hosting several of tokens, internal and external.

Rome is never built in a day and before Rome got built as a beautiful city, the area would have been just another sand piece with rocks, thorns and beasts, making it completely appear as inhabitable. It is after the city got built and people started living and the kingdoms got established then the city got spread as the most beautiful city of the world.... Likewise our Group -- Over the last three years, we have been building this next generation company and today we are working on almost 12 different verticals 9 of which turned into becoming live and we have launched 7 of them as ready to get into the market. And i have clearly written, before these banks get bigger into sales, we are privately circulating and definitely on the verge of closing on sales. I am very particular of this company getting into sales, and we are working into and we started circulating our materials and we have indeed started selling. This is hence why I am actively moving MyGold. We are not working here to prove our merit to anyone but to the success of the company and to the merit of all of its stakeholders -- Shareholders,Staff, Vendors and every other person or firm associated with us...While we are beginning to deliver on sales, I can write without hesitation, this company is aiming for trillion dollar market capitalization and it is natural for an outsider to their disbelief on us.. But, Internally, we know what we are capable of and what could be expected from us. We never force, demand or extort money from anyone. ANd we have never looted anyone -- we offer our equity as modest offerings only to the extent we need to pull the company's needs to make it live. we have never extracted or extorted money nor we offer millions of equity. We believe in the worth of our equity in its future times -- I can straight write here, the group will be a couple of thousand times multiple in 5 years...This said, it may not be but It is our belief that it will be ...But we never project our figures that way -- we estimate both the good and the worst and offer our financial estimates to the stakeholders accordingly. I will be surprised, if the banking groups turn blind in not assessing certain validations ...why banks even the most common investor of today will thoroughly validates the risk and the benefit of any investments. We are not begging any money from anyone nor we are begging that someone should trust us or believe us... It is the investor who thinks we have that fire and potential will invest with us and those who do not will not. It is that simple. We write in bold letters in our placement memoranda that investors should prudently judge before taking their decision whether or not to invest.

5. Before I close my note, I also would like to write about the bank in puerto rico -- It is indeed a fact that we have signed definitive agreement with the bank and we are moving towards acquiring this bank -- And it is indeed a requirement that we need an offshore bank for our business purpose especially on certain products that we are introducing (ecar, home, iron and coil). And it is a fact that one lady who worked for NYSE as floor governor and worked for our company as CEO is now in a very key role at the bank and the founder of the bank has been mentoring us on introducing stablecoins. On the acquisition, It is a 6 months process and prior to even placing the money we are conducting background due diligence through a very reputable law firm based out of New York as we discovered some press material that tagged a few disputed transactions into the bank from a person who got convicted recently on the counts of major fraud, money. laundering and political funding. This is hence we turned independent placing our offshore banking capital raise under I-Bank and we mentioned clearly that we are raising the money for acquiring one offshore bank or towards securing offshore banking license in puerto rico. In business we never marry though we try our best to get into deep relationships. If the due diligence is clear, we acquire -- IF the due diligence is not clear we simply get our offshore banking license. As a group, we do need an offshore bank as we are seriously looking for digital and physical assets safekeeping and distribution and this has to be global. We may even be looking at having offshore banking licenses in Switzerland, UAE, Singapore and Hong Kong as this all is a must for us keeping in view of our expected business happening globally.

Summarizing so, I will conclude this NOTE -- Any shareholder or staff on record can ask me anything and we will answer following utmost transparency. Neither me nor this organization is responsible to answer any unverified individuals as our shareholders or staff.

Lastly as my time is very critical for the organization, I will not be active here but I will sure address any important material concerns if asked by a verified shareholder or staff and if I am asked in the manner that follows the decorum and conduct. And I may even refuse to answer if I should not answer.

Sincerely,
Laxmi Prasad

Laxmi Prasad

He is trying to assert his belief that the European banks will not be swayed into believing that the tokens are worthless.

And he is right. A bank will not take on selling tokens they believe are worthless. So if there are supposedly three banks selling, show the proof. Otherwise it's all talk.

Snow I didn't understand your post.
Is it possible to explain what you want to say.
Perhaps I missed some parts of an earlier conversation.

SIRI Security tokens

I had another look at the worksheets. The reason is, I don't think that the growth rate has been accounted for yet. And a P/E of 27 (they even used half of that) doesn't reflect fair value IMO.

So here is what I did.

First, I used a conservative estimate of the cycle rate, of 5 days. We may be able to bring it down to 2 or 3 days but let's use 5 for now.
Then, I calculated our share of the profits, and growth rate in Year 1 which = 801%
I then I had to estimate the growth rate for Year 2-7, conservatively. There will be some saturation but I don't know how fast it will occur. Laxmi can correct me if my estimates are way off.

I then used a conservative variant of the Benjamin Graham formula for growth companies, which means P/E = 1 x CAGR = 132

The result is shown below. As always, it is just another estimate. But what isn't in life?

......once the large European banks start selling the tokens......their identities can hardly be secret.

That should be an incentive right? I am ready to be proven wrong. The problem is that it's not going to happen, none of it is real. RD didn’t even know the name of "their" bank.

Neither Mercantile Bank International nor any of its branches have been acquired, whatever Laxmi claims.

This is regarding Puerto Rico.

RD It strikes me that mycow and Laxmi should be largely out of the woods once the large European banks start selling the tokens. After that their identities can hardly be secret. I assume it will be hard to convince them that the tokens are worthless.