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You are still replying, Laxmi. This was so predictable. 100%. I may have to file an official complaint with the Board of Directors. That is what it may take. Because you will only learn the hard way it seems. Actually, I know this. You just can't help yourself.
The same market "rules" apply to this company. Every CEO thinks their own company is special but that's just an illusion.
The way things are now, you are better off letting both companies (MyCow and Interups) remain as private companies. Being a public company will negatively affect the market value of the shares and/or tokens, as we have seen in the past when Interups stock dropped as low as $2. This company doesn't have what it takes and it is certainly not learning fast enough. Certainly not listening to me.
Am I bothered by this? Not really. Because the MyCow tokens will still have good value for the shareholders, probably. But the $100 you are targeting for the Interups shares is not even going to hold. I'm just telling you now because it is the reality. The reality we must all face. Thank you.
And market capitalization is my domain.
If you want to get a proper valuation for your company, for your shareholders, then these things matter
- delivering results
- delivering on promises
- managing expectations
- communicating properly
- corporate governance
- and, being able to tell the story in such a way that it is easy for everyone to understand.
Many things this company has yet to learn
What doesn't matter all that much is
- revenues
- assets
- profits
- assets under management
- and how many tokens we are selling
This may come as a bit of a surprise to you, but that is simply how the market works.
Investors are just not that bright in general.
It's how they feel, that matters. Not what they know.
It's time to deliver Laxmi, and I mean it. Execute.... I don't think anyone cares about this soothing talk anymore.
The assets (stock) that the company owns has done well. Up 60% the past 6 months. Wow. That's a lot of money.
You say you will abstain from posting.
And you say you will post updates.
WHICH IS IT, LAXMI ???
Don't get me mad on this one.
But you said and promised several times that you wouldn't post here anymore...
Does anything you say have any merit?
Karlacorn,
Laxmi already told you half a dozen times that he will no longer post on this forum. Please respect his decision. It is what most people have agreed upon in light of recent developments (on this forum). In fact, if he does keep posting, he could be in real trouble. IMO.
I also told you, you will probably get an official email when we have the fixed dates for the dividend. From MyCow I suppose. It's probably mandatory as well, to inform the shareholders.
Now, if there is anything else to discuss or developments we can share, I will post it. But this will be off the record. Not official. And not guaranteed. As we are unable to give fixed dates at this point in time. You know this.
There isn't a lot to talk about. Laxmi has to travel to HK and set up banking there in the next 5-7 days. Then the dividends can be paid from there. If there aren't any issues. Just be patient.
You can't stay here Laxmi. It's not just that you have told us half a dozen times that you would no longer post here. It's also risky for you and me to be in the same place right now as we might end up in a fight. Not until the financing issues are resolved.
You can't stay here Laxmi. It's not just that you have told us half a dozen times that you would no longer post here. It's also risky for you and me to be in the same place right now as we might end up in a fight. Not until the financing issues are resolved.
Not going to discuss this any further in the public domain. But you know how I feel about certain things.
By the time this company pays the dividends, nobody is going to care anymore. Because of all the delays and frustrations that come with it. I have seen this several times before with other companies. I call these companies "loser" companies. Doesn't apply to me personally though because the dividends are so huge even relative to my normal pay.
This company still has some things to learn. At least we hope it will.
We just lost another week, Laxmi. If you fly tonight then you will have only one working day left for business activities in Hong Kong this week. I think we have all had enough of these incessant delays.
I'm sure you will all get an official email when we have fixed dates when the dividends will be paid. But we are not there yet and things are very fluid right now. Even the trip to Hong Kong was delayed by another day because Laxmi had to do a very important call.
Laxmi said in his last post that he will not post here anymore. Who really knows. I will update when I hear something. He should be in Hong Kong now. Then it will take a week or so to set things up there and pay the dividends.
Still the same. They filed a Form 15 two and a half years ago.
The old link is no longer working.
https://investor.mydhan.io/sign-in
But we have a new link now, apparently.
https://investor.mycow.io/sign-in
Here is an investment that makes "sense"
The movie "The Sixth Sense"
Budget : $ 40,000,000
Yield: $ 672,806,292
This is the charm of investing in movies. Kind of like winning the lottery.
(Always put your money on Bruce Willis)
But the inventory requirement (cash needed) is only $10M. That shouldn't be a problem? What matters more IMO is the supply you can get.
Says here the export ban might be over in June.This would increase the size of the market by a factor of 8 - 10 maybe, when regular rice is included.
https://www.agribusinessglobal.com/markets/navigating-indias-rice-export-ban/
5 million tons of Basmati rice was exported by India last year.
(10,000 x 24 cycles) / 5,000,000 = 4.8% market share. For India.
10,000 tons = 10,000,000 kg.
Per cycle I assume.
Profit is close to $0.85 per kg.
Profit = 0.85 x 10,000,000 kg x 24 cycles per year = $204M
So the P/E used = (100M fully diluted x $27) / 204M = 13.2
Seems about right to me.
If my calculation makes sense.
And what really matters is, how fast you can grow.
Ethereum is a blockchain technology/network and Digishares is a trading platform. They are not the same. One cannot replace the other IMO. Although my knowledge of this is limited in general. I'm not aware of cancelling or replacing Digishares.
There are indeed some major developments going on with several banks that may or may not involve Digishares. But again, I'm probably not aware of the details 😄. And it is best for me not to discuss this publicly.
Could you explain please how this works? The way I understand it there will be 2 series or RISO. One is our equity (the 77M RISO tokens that have been issued) and the other one is the token being offered to clients backed by Basmati Rice. How many kg is it now? Is the price the same or different? Or is there just one serie?
I guess the same question applies to gold.
The difference is one year.
For tax year 2023 I have to use January 1 for wealth tax. (we didn't have any tokens back then). You have to use december 31.
You have to report what you own, on december 31, as far as I know.
For Norway it is december 31 for 2023.
For The Netherlands it is January 1 for 2023. Difference of a year.
Yes, that will give him something to do 😄
I will recalculate the bonus based on a $10 price. Outstanding as of April 15. Issue date will be April 15. For income tax we will use $25.
That would be best. I am far more comfortable with an issue date of mid April for these than mid January (which would result in a conflict for whiskey valued at $0.01 on Jan 16)
I will send an email to Likhitha in an hour or so and a copy to you.
You can decide and make it final tomorrow.
Actually in this case I will get less tokens (for $25) than I had previously (for $10)
It doesn't add up.
Huh? The wealth tax applies to december 31. In Norway. (In the Netherlands it is Jan 1, so one year later). He needs to know the value on dec 31, for the wealth tax.
Nothing to worry about Snow. You should use $0.01 value for the wealth tax on dec 31 for the 3 verticals.
Two reasons.
1) as of dec 31 these 3 companies had zero revenues and income, so it shouldn't be hard to convinve the tax agency that they had no value.
2) Even now, the nominal value is $25. Which is not a guarantee it will stay that way. Only if the company executes its plans. The market value as of dec 31, 2024 will be determined by the price it trades at. So for 2024 it should be easy to determine. In fact, we will probably get an overview of the value of our wallet from Digishares, same as any other broker. Which we can use to determine the wealth tax, starting in 2024. But for 2023 we will not get such overview because we didn' t have a wallet yet.
2.5 x more taxes to pay. On the bonus tokens that were issued to employees in January. (For the income tax in 2024)
( Question1) Do you have an exact issuance date for the bonus tokens? I'm going to need it to determine the exchange rate (on a certain date) for the income tax. Makes me wonder whether we shouldn't just use $0.01 as value for the bonus shares that were issued to employees (Question 2). However, the number of tokens were determined based on a $10 price. So perhaps we should still use that price? For the income tax. Although, the only reference transaction price we have is from late 2023 and it was $0.01 then.
These are the issuance dates I have for now.
Verticals Issue date
Gold - 15-sep-23
Rice - 15-sep-23
Food Carts - dec-23
Whiskey - 16-jan-24
Plane Seats - 16-jan-24
Perhaps you have a more exact date for Food Carts? (Question 3). Again, I need it to determine the exchange rate (in Euros).
And this raises another question. If the whiskey tokens were issued for $0.01 on Jan 16 then how can the whiskey bonus tokens be valued at $10 at roughly the same time? Because the bonus tokens were issued in January. (Question 4)
$10 would be nice 😃