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I don't think we should discuss his health condition in detail here. But he has had one surgery and his blood pressure has returned to normal now. There are 2 more issues that will be dealt with at a later stage. Let's leave it there as far as the details go.
Erm.... No. Although we should be getting an update from Laxmi any moment now about some of the future plans.
If you want me to, I can send you the PDF file. If you give me your email address in a private message.
So you can sue your bank for $0.99 per token that you missed out on because they refused to wire your money.
The interesting part is that they are offering the tokens for $1.
I don't have any info beyond this PDF file.
I have the PDF file if that is what you mean.
We do have a COO planned. Big name too, but I can't remember his name.
Edit - Actually I do remember his name now, but probably best if I don't mention it
Who, me? No. My job is done. I have given them 6 projects in Nigeria and then some.
There is a lot of work to be done.
People operations, Sales, SPAC's, and all the verticals as we have 7 of them already. Then there is Cow Tax. Cow Capital also very important.
We are a Wealth Management company,
With 43,000 SDIRA accounts and close to $3 billion assets under management,
Leading the tokenization space, globally.
That is a lot of work.
In Nigeria alone we have 7 people already working in (senior) management roles.
Let me post the latest vertical and token offering, iBank. In a minute.
I don't think they need one. The SPAC's are not a high priority IMO. They need someone to lead Cow Agri Corp (previously Masala Agri Corp) but Mike our CAO could fill in temporarily if need be. He doesn't mind taking on 2 roles temporarily. And he used to be Managing Director - Agriculture in the past. The partners in Nigeria will do most of the work anyway.
My 2-year contract with the company will end one week from now. I don't think I will be the right person to give you updates going forward. Or to answer any questions.
I have no further comment.
Likhitha is deputy CEO and she will replace him as CEO.
No. Old stuff.
They are so pathetic, it's almost funny.
Yes. They will probably file it later today.
Still trading at a P/E of only 2.
No risk here.
Probably. Not mine though. Still idle.
Laxmi is out of surgery. He has been advised complete rest for 2 days. Then we will be back to business.
Thank you for your interest, Karlacorn. But I respectfully decllne to answer your long list of questions as I probably know the answer to only half of them.
Please do send them to IR@mycow.io
Or perhaps Laxmi will be available in the next couple of days and answer them here.
Thanks.
My Schwab account is active and I was able to place a small buy order for HERB.
Just one step left. Funding the account 😀💥
It is best to focus, Karlacorn.
1) I have studied over 200 startup companies and they all struggle like this. That shouldn't be an excuse. But still, it should tell you something.
2) I also said this is a company of (massive) extremes. On the one hand, huge potential and don't be surprised if we enter the top-100 companies of biggest market caps in the world in about 5 years from now. On the other hand, struggling with internal financing like none other
We've been unlucky. We should have received $43M investment 15 months ago. The money was even transferred into our accounts. But it was put on hold and investigated by the authorities. So then we decided to sell $50M+ of assets in India and transfer the money. We should have received that money a long time ago but there are many regulatory hoops we had to jump through. Being a startup with no track record has caused delays as well. As well as the elections in India. Nevertheless, $50M of the money is available in Hong Kong now. We just need to send someone over there to set up banking so we can pay the dividends. It will happen, eventually. And the $2.59M that was wired to the US should be released any day now.
In the mean time, we have made some very good progress. Sales will be ramping up very soon. With a growth rate that you have never witnessed before. And we have signed a number of agreements with a very large banking (group) in Europe. Who will help us sell tokens.
Do not underestimate the progress we have made. The number of tokens we will sell. The value of the tokens. The number of verticals we will have. The dividend we will pay. The banking group decided to work with us for a reason.
Those dividends will come. I mean, really. We have the money sitting in Hong Kong already. It is just a matter of time. You are wrong about one thing though. The cash grants were never a binding requirement. Cash grants (or dividends) never are. But there is a commitment. And they will be paid.
Yes, it has been frustrating. But we are going to see some very interesting developments for sure. In the coming weeks/months. And in the years ahead.
Hopefully we will have more information on that later this week
I don't think we should expect any dividends to be paid this month. Laxmi was unable to travel to Hong Kong and is in the hospital now. So we are unable to execute on plan C at the moment. We are hopeful though that the $2.59M wire into the US will be released this week (plan A) and/or that we will generate significant income from token sales (Plan B). So that employees can get paid and we can kick-start the projects in Nigeria. Hopefully we will have some good news by the end of this week.
They have a bunch off off-balance sheet assets. Particularly, 5 high-value plantations that should be worth > $10 / share. Add another $5+ for all the cash generated by it since 2014. And they also have museums. Value should be at least $2 / share IMO.
The company has tried a number of things these past 5 years. Spinning off the museums. A special dividend. None of it worked. I think FINRA won't allow it because they are not disclosing all the asset (values).
So, the parent company (Chinese provincal government of Gansu) owns close to 83% of HERB. Which means they also own 83% of the plantations. Which means we own 17%. I'm just waiting for the company to settle it. Sell the 17% to the Chinese government for hard cash and get it over with. That should give us $20 in value. Whether it will ever happen and when? I think 50% is a reasonable estimate. But it could still take years.
In the mean time, I'm going to lift the stock to $0.50 when I get paid in a couple of weeks. So you all have a choice here. Take the profit or keep some shares for later.
Gold is rallying to new highs and it was up another 2% today That is what he means.
At least something is working for us. 😃
Stick around, Snow. There's a lot more small caps we can play with
After we are done playing with this one.
We will see. But I will buy anything below $0.50 basically. So don't sell below. We could actually hit $0.60 or $0.70 once I put the squeeze on the shorties
It's going to be fun. I think I can actually buy 50% of the float and still stay below 5% of outstanding shares.
I have a wallet with millions of dollars in it. And that is just the beginning.
Not to worry. Besides the salary they owe me and the dividend we are expecting, I also own between 1% and 2% of all MyCow vertical companies. Expecting to receive money from all 3 of these.
And then I have enough money to buy 25% of the HERB float. And a lot more cash coming later.
We are going to party.
I called Schwab today to check the status of my account. They said it will take another 48 hours to complete next week. I guess I sent the $200 too soon last week because they sent it back. Well how should I know. Will try again next week.
Then I will buy 24% of the float. I have more money coming later anyway. The first 12% is based on the money I will have available shortly.
I have a lot of money coming. And not much to spend it on.
So one thing I can do is take care of the shareholders here.
I know that HERB has a lot of assets off-balance sheet.
Value could easily be $20 / share.
But it's not a guarantee of course.
And the problem has been for years, to monetize that value for the shareholders.
Hoping that one day the company will succeed.
So I don't mind paying $0.50 for the stock.
Planning to buy 1.57M HERB shares = 1% of outstanding and 12% of the float.
Schwab is setting up my account now.
There is one minor issue they are resolving.
And then I need to get paid and wire the money.
We should be ready to go in about 3 weeks from now.
Do not sell below $0.50
And the shorts better not get in my way. Because I can still double up to 24% of the float if I want to.
In the land of the blind, the one-eyed man is king.
I am king.
Any progress today, Laxmi? I sincerely doubt it.
Sensitive today, are we?
BofA has been misinforming us for quite some time now. It is an outrage IMO. But Laxmi seems to be ok with it. Well, what is he supposed to do. Apparently they are clueless.
I asked Laxmi some time ago where they sent the money. I think he replied and said My Gold Grams Inc. I replied, hmmmm..... perhaps that could become an issue because Ireem LLC is actually the subsidiary of Interups, and we are considering repatriation of funds.
But Laxmi said he is certain that My Gold Grams is the right company. Well, he knows best. So I have no reason to doubt him. But that could be the issue perhaps.
Anyway, it is always something. Although the reasons vary from one company to the next, what all startup companies have in common is that they all struggle big time when it comes to (debt) financing. As well as ramping up sales. I warned Laxmi about this 17 months ago. Given that I could already see the risk clearly, I don't think we should be in this situation now. But we are.
We have seen this before, where regulators suddenly become experts and decide for us which stocks are too risky to invest in. Now the friggin banks are doing the same. It's a nightmare. But at least you were able to buy some tokens.
Good luck Snow. It's bad situation with the banks now in general. And it can be very frustrating.
Yes, the memo is what I meant. Can't find it in the email you sent. That could be the problem for the bank. Especially if he makes several wires and not just one.