It is sensible to control our nerves a few days then getting into the bureaucracy ...
Patience always helped us and it will now....
We never knew why the wire was held up last time --
After months of pain we discovered there was an Enforcement Directorate issue on a small compliance on one of our previous companies --
Which was not financial but failure to submit forms declaring purpose of remittance ...We did not even know why the held up ...on a matter that was 2008-09 subject. For the bloody negligence of some staff then we paid heavy price as penalty.

We went through this subject with the bank and FATCA governance for months and after ensuring all clearances we again took the step of receiving..
It is common, when dots appeared on the account, there is a thorough check on these matters to ensure all road blocks are cleared.
Plus there have been no major inflows ... We have been struggling for months and are hopeful of receiving credit anytime --
please put on your belts and zip that mouth a few more days and we will see money.

and Lverstee, FTC reporting does not function the way you have explained -- it works the other way round -- If there is credit in adjusting taxes, one can claim when filing the tax returns. If otherwise, i has to be paid upfront as advance taxes paid in the reporting period with an exception that if one declares that such amount has been paid abroad, then we have to produce enough documentation and pay the difference if we are due per US Tax Laws or claim refund when filing.

In the usual circumstances there would not have been any hold on the wires --- I agree - but the infrequent large wire after an episode of compliance hold does get into the eyes of FedWire that opens everything, at first he tax compliance ... We need to let the system do its job -- What is manageable, we are acting upon it very efficiently.

Laxmi Prasad

It really pisses me off when people discuss these trivial issues over public and without knowing the subject in depth.
Both Lverstee and RD please shut this discussion here.

You both have become morons discussing such a sensitive tax compliance subject here.
Not sure what kind of mature minds and senior positions you hold ...

After almost 13 months we are receiving money and that has put our stomachs empty and burnt out...
And these 13 months we have been unlocking every bloody small loop and reached a stage where we are feeling confident of receiving money now...

But it is bullshit to write US Treasury has no veil over any of wire transfers -- at least not anymore after 2022 banking collapse.
Both FATCA and OFAC come in play ...

And RD, Stop bullshitting on debt financing anymore--- Without sales, Debt Financing will kill the company permanently -
It may cushion staff pays and some vendors but it will kill the company that has no sales focus....
Whether it was 17 months or after 17 months --- This group will not raise any DEBT...
Generate sales Generate Sales generate sales and generate sale ...Nothing else is the mantra...

We are just waiting for both Tax Departments to reconcile with each other...
There is nothing pending from our end,

IT is not personal income but even considering that way, I am a permanent resident of the United States and the tax law is applicable similar to the US Citizens!!
United States is my reportable jurisdiction over the worldwide income...

But the subject matter is not personal but corporate ...and the income is reportable here wherever earned!!

Dear LVerstee,
It is very important to be thorough on the subject and I appreciate your asking,

Company is based out of USA and IRS has its jurisdiction over US Companies on the Global Income earned or accrued, whether such income is ordinary or by means of capital gains or as any other income classified or non-classified in the ordinary course of conduct of the business.

When taxes get paid by the company on such income earned outside of the United States, US Treasury allows Foreign Tax Credit for the prorated taxes paid the US Company in foreign Land equalling as below --
(a) Tax, if computed as earned in the ordinary course of conduct as Regular Income in the land of the United States at the tax rate as applicable for the Tax Period (b) Tax Paid to foreign authorities
(c) Difference if any is payable to the US Treasury or Credit is extended as carry-forward and adjustable in the following years...

US Treasury indeed holds the control here.
It follows Double Taxation Treaty arrangements with the countries with which it entered into such arrangements and India is one such country.
Both countries mutually share tax credits following the Treaty arrangement to avoid double taxation.

Hope this clarifies,

Dear Karlacorn,
This is not the plan of record ---
That is what is the plan we would like to materialize
(1) I have not changed the date for cash distribution despite not receiving $2.59 M as of Date
(2) Very confident that we will payout cash grants as promised by the 23rd August
(3) As Material mind wrote, may be we get stretched by a week, but, for sure not later than Aug, we will have the cash grant paid out...
(3) Pending credit of 2.59 M, we still have not borrowed (as we do not intend to borrow), but started selling aggressively....
My BP Reading might have hit 184/158 but the sales equally took that burning peaks...
thanks to shining gold's spot price....

We will payout the cash grant as promised, WILL NOT BE CROSSING THIS MONTH
NOTHING CAN STOP US MOVING FORWARD -- We will pay this out and the second one in Oct ...

GOD WILL KEEP ME ALIVE TO SEE THESE TWO THINGS HAPPENING AND
THEN I WILL HAPPILY GET ON TO THE SURGERY TABLE --
GOD WILL LET ME LIVE UNTIL WE SEE THAT $100 B AUM
AND THEN MY EYES WILL HAPPILY CLOSE FOR A FEW EFFICIENT HANDS TO TAKE OVER!!

I apologize Karlacorn for being very emotional, but, please kindly take a note, know we crossed and reached this staged despite having received the worst challenges, worst spits on our face ...AND WE ARE NOW UNSTOPPABLE WITH 9-15 Verticals to roll, a Major Banking group and an off shore bank as our Working associates for structuring and distribution...

WE WILL MAKE THIS PAYOUT -- FOLLOW ZERO DEBT -- MAKE THIS COMPANY CASH SURPLUS AND SEE OUR TICKER SYMBOL SHINE IN THREE DIGITS AND OUR AUM TOUCH $100 B -- MY SOUL WILL GET OUT OF THE ASHES WITH ALL SMILES AND IT SHALL TAKE REBIRTH TO BE AMONG ALL OF YOU TO FEEL THE GROWTH ANOTHER 80 YEARS>>>>

PLEASE TAKE MY WORDS FOR IT!!!

Hello Thunder Bird Man,
The company is not begging for money here....
Where on earth you are ???

I will tonight,

I know the word penance confuses --
In India it means deep meditation for years ...

I am obliged Snow, Thank you for the quick release -- As you know every drop of money counts for us in this penance we are performing!!

Dear Snow,
As it appears, the wire from your end is impossible for now,
I hence request your permission for us to release this allocation of 500,000 tokens to someone else who is interested in subscribing to this initial offer.

Laxmi Prasad

From Wednesday, the price is changing to $1.00 per token...

Happy to share, we are attempting to revive the grounded TruJet and make it live -- We have time until Jan 2025 to pour blood and flesh into the airline. Planning to induct 20 A21 Neos (240 Seats) & 5 A350-1000s (480 seats) all economy aircraft -- Total Cash Budget Planned over 5 years Infusion $ 4.9 Billion not considering additional aircraft.
The airline will come live in 6 months,
A song to exchange pleasance --

I apologize for the misprint of IBANK as IBAN...
It is not my intent at all to change the Equity Code.

Dear Snow, we are receiving much higher sums into the account and technically there should not be any issues...
Not really sure what the bank your end is upto but in this world we cannot over rule them ...

Please try sending smaller sum(s) ...when you sent 1,500 it got instantaneously credited....

Laxmi Prasad

This is true,

Not sure if I can introduce them Snow, it is too early in the relation ---

Best thing is to send my responses to the person who messaged you with the questions
or
send the amounts in smaller size.
One you send the message, they should let you wire the amount --
Because, You did wire a larger amount before and I am not sure what their problem is now for $5,000...

And please do put the memo on the wire ,
Equity Subscription in IBAN -- 500,000 instruments @ $0.01 per unit

Hello. Refers to your payment of USD 5,000.00 registered in the online bank.

The bank is constantly working to prevent our customers from being exposed to fraud. In this connection, we have stopped this payment. To investigate this payment, we ask that you answer the following questions:

1. What is the purpose of the payment?
Equity Purchase -- Initial Subscription Amount
2. How did you get payment information from the recipient?
Through Internal Circulation as I am an existing shareholder in the recipient's group of companies
3. How did you find the recipient? If it was on the internet, on which website did you visit the recipient?
Not a new find -- I am an existing shareholder of the recipient and https://www.mycow.io
Not an internet invitation but an internal circulation to all initial shareholders on record
4. Have you been in contact with the recipient in connection with the payment?
Yes, for over reasonable time period...

As mentioned, this is done to protect you as a customer and is intended with the best intentions. Kind regards, Armin | Specialist - fraud | DNB Bank ASA"

Your memo draft is perfect RD

This is perfect,

as a memo

Taken note of it Snow, and I will acknowledge as each amount gets credited

Thank you Karlacorn,

Dear Snow,
the first money ($1,500 - $15 Wire Fee = = $1,485) is received.
The second money, please kindly email at IR@mycow.io that you wired this money on _______ and we will hold this allocation for you.
The wire time stamp is important than Credit of wires because credit takes time as per respective banks.
From Tuesday, the offer moves to Reg D and Reg S and the price of offer changes to $1.00 per Token.

thank you,
Laxmi Prasad

That is perfectly put RD, Thank you!

Dear All,
My health turned drastic over the last few days with symptoms turning severe on heart
and I am advised complete rest before I can begin my travel.
Planning to rest another 2 days and turn active from Monday
Currently on medication to control the very high Blood Pressure
Diastolic improved / Systolic still needs to move to lower numbers.

While this is my health brief,
We have become quite active on sales and we will be fine on cash flows from later part of this coming week...
We are receiving terrific response on IBANK initial founders circle offer and from Tuesday we are planning to place under Reg D and RegS

Planning to fly to HKG as immediately as we get the money either as credit or in sales
As RD said, we are working on 1,224,000 tokens and this is now improved to 1,314,000.
I am expecting an additional 1,080,000 tokens as placement to Physicians making this total to 2,394,000 which is a very good kick start for us...
The sellers will get around $5 per token and company earns $3.92 to $4.05 depending on the prevailing spot rate of Gold.

IBANK we are raising $9,900,000 of this $5,400,000 will go towards banking operations and $4,500,000 will remain at our disposal...
We will be raising a total of $99 million on IBANK in the coming 12 months and this is expected to be our Jewel in the Crown and a star performer -- We will be introducing IRON and HOME as supplemental tokens out of IBANK that will attempt disrupting Iron Ore SBLC and Home Mortgages. In addition, we will be appointing IBANK (that will complete the planned Offshore bank acquisition) as our digital asset custodian and manager which by itself will save millions of dollars. The Acquiring bank also has instant money transfer feature, like Western Union & Moneygram and it will not just be helpful for us generate massive income out of this core domain strength, it will also efficiently help us in running our complex vertical system across the board...

On cash grants, we are still good for disbursement between Aug 16-23 dates ... May be we will be starting payout from August 19 instead of Aug 16 but we will complete all payouts by Aug 23. A total of $14.4 Million is the payout of which 9,54 is external distribution.

These two days that I rest, I will prepare shareholders note that I will circulate on Sunday evening Pacific Time.

Senior Appointments --
(1) We have appointed one very senior management officer to globally head our Plane Seats Vertical -- The person will function out of Netherlands and South Korea
(2) We are also appointing one another senior executive to head our digital assets management and coordination - This officer will also operate out of Netherlands!

Laxmi Prasad

Dear Karlacorn,
Unfortunately my Blood Pressure has been quite high with 184/158 and 177/144 and today morning 171/105 and now 165/104...
I am on medication and advised rest..
It has to come below 150 and 100 at least on the Diastolic reading...
I will answer on this definitely but later once the BP level stabilizes...

yes, one should stick to the truth, listen to the happenings and follow the truth ...
One cannot act in vengeance, grudge, intent to pull and with a motivation and personal animosity...
Harassment, threats, coercive attitude in the guise of uncovering the truth will backfire...

Just a piece, I have added )

I welcome this, otherwise, some messages turned non civic in nature --
Once privacy and dignity should always be respected...

If it is not turning possible, it is not...
We are attempting our ways to solve it..

And mind it, I am not perturbed nor I will feel threatened by your blackmailing or harrassment ...
Nor I will beg you to hold any information you may have on me ---
I respect my chair, my responsibility and my conduct and
I have all the stamina to answer anything anyone questions me on my conduct.

Neither I will be victimizing myself to your threats nor I will be stopping payments to my staff and shareholders when I can...
I wrote to you bygones are bygones many times and I will no hesitate to write one more time,
Ball will hit with the same force you are trying to attempt vandalizing, No more words...

Lverstee,
I have already written to you many times, publicly, that I am not responsible to update you anything ...
I have updated what is visible, to my shareholders and staff.

Updating the position of the company is my responsibility and I have done it.
Nothing else matters to me,

Laxmi Prasad

The US credit will be on or before this week ends....We have to wait --- Upon bank's advise, I have called the IRS and they updated that they are still waiting for response on tax credit from the Indian Counterpart but they will have an answer for us before this week ends. We just have to wait on this. Pending this credit, I will be on token sales and pin my best.
This does not affect the cash grants payout date -- We will retain 16-23 August as payout date for cash grants... I am still aiming for staff payout this week...will update on this after dinner time.

RD, I just put a revised one and the tokens we have for placement to complete the first round,
I request you to kindly upload the latest one,

Waiting on it,

Replied just now, )

Once we make the first few cycles, it holds the key and I agree with you...
Otherwise, it all remains theoretical...and its impossible to explain...

At any given point,
SIRI SWIM investor gets 7.5% dividends + 50% to 80% profit share
And the exit is simply number of grains they own in total grains at the time of exit x Liquidation Price (Spot price per grain)*99% ==>
[Original investment in Grains + Grains added on account of 7.5% ROI + Grains added on account of SWIM participation into the trading cycles]*(Gold Spot price Grain)*99%

Token holders get
[(management fee + profit share + Arbitrage income earned between sourcing cost and trading price on every grain determined time to time on each cycle traded) minus commissions minus administrative expenses at our end minus taxes] minus General Reserves Held by the Company]/ 100,000,000

This will be the Earnings per Token (Share) [also called the Net Asset Value (NAV) that determines the Fair Value per token for MGG Token Holders.
Minimum base price offered by the company is always set as Prevailing Grain Spot Price - 1%.
Fair Value per token --> EPS * (27 or Discounted PE multiple, as applicable)

It s very complex but it is very important for everyone to understand these dynamics -- Unfortunately, I do not possess the ability to explain all this in simple language. If someone can, I really appreciate their efforts,

Laxmi Prasad

It is the management of my gold grams that decides this Snow, which is 76% owned by a bunch of shareholders + 4% that banking group wants to offer funding 10% to 90% and the rest 20% that the banking group wants to circulate. We gain 76% vs 24% as voting on any decision, which means it is pretty much our decision.

Company does take the guarantee to exit the SWIM participant at the prevailing spot on the date buyer takes the purchase and remits the wire. And we are setting a window to execute this guarantee, that we will deliver selling credit on the 15th day from the date request is placed.

It does Snow because of more grains at sourcing cost we will be able to generate and increase in the number of cycles itself..

As for tokens being backed by gold, we start with 1000 kg = 15,432,358 grains. or 15,432,358 / 0.6 = 25.7M tokens are potentially covered 60% by gold.
Which also means that the 76M SIRI that we own are NOT covered by 60% gold.

It covers 600 Kilos of physical gold as base inventory.
We should not link the 100 million tokens into this at all...

That entire 100 million tokens earn dividend and exit at NAV / token earned through the 2% management fee + 20% to 50% profit share from trade cycles

But of this, Banking Group is circulating 20% of our Equity to its SWIM participants who earn,
(a) 7.5% dividends
(b) 50% to 80% profit share
(c) Prorated dividend that MY Gold Grams Inc offers
(d) Exit at then prevailing fair market value (NAV) -- We call it NAV per token ...

This is hence their excitement as it is very dovish...