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shotsky I agree. The asked price was so high that it was meaningless. Anyway, the pps moved up to $ 0.0026 quite fast without any news. That looks promising.
dranes Generally, I agree wit h ypu. But I suspect that in this case it applies more to the asked price than the bid. I t hink the bid suggests that there is at least one buyer who is willing to pay the bid price.
dranes There is as I expected apparently some interest in this stock before trading opens: Volume: -
Bid: 0.0022
Ask: 0.008
renaissance You are right about the financial collapse before 2010. I then bought 47 million shares at a pps of $ 0.0001. I sold then at more than ten times that price. Last week I bought about 9 million shares hoping for another substantial rise of the pps.
BERKSHIRE The way the pps moved during the day looked surprisingly bullish in my view. The pps closed almost at its high on a Friday.
Jmc The size of the sugar contract in relation to the market cap of this company looks intriguing.
Evaluate Initially I had great luck in PCTL. I invested about 10,000 dollars at about $ 0.011. The pps soared to almost 10 cents in a few weeks. I took seriously the statements made by management and assumed that a dollar could be a fair price in view of the rosy prospects. Therefore I did not take any profits in the vicinity of that pps. Now I get the impression that the big run that has started in this stock may take the pps substantially higher. I bought 4.7 million shares at $ 0.0011 and has 100% gain in a few days. More enticing news has made me more or less doubled my stake at a much higher pps.
Evaluate I think I remember you from the time this stock returned from the dead. I then owned almost one percent of the outstanding shares. I have not owned any shares when the business activities failed. This week I have bought about 9 million shares.
elmasry
"It does matter because when it goes to 5 or 6 pennies it would not matter if you bought at 13 or 22." This line of reasoning is totally wrong in most cases. The point is that investors spend a certain sum of money. The lower the stock price the more shares are bought for the money. The higher the pps soars the bigger the difference will be.
Longstrongsilver I grabbed 2.35 million shares at $ 0.0022.
I look forward to more coverage.
He stated there will be more in-depth coverage in about a week.
jd Thanks very much. I have bought a speculative stake today.
Not corect. The link is linkin. You don't get the text by pressing the link. That is what the regulataions refer to I think. It does not every if everybody can become a member of linkin.
According to the current rules posters are not supposed to post links that are oncly accessible to some people as far as I remember. I think that is a good principle.
gosox I have always looked on this stock as a very high-risk high-potential stock. It is therefore no big surprise to me if it is a scam and that we have been swindled. That has happened again and again to me since I go for these kinds of stocks. But I assumed that it was more probable than the opposite that the numbers published in the last few years were not totally false. If they are not false the shares are cheap. If it is possible to sell them to the company in a way that means that it is certain that the seller receives 20 cents per share are very cheap too.
Thanks for the information and for the kind words, Laxmi!
Dear Laxmi,
I am delighted with the slightly changed date the remittance will happen and the fact that the sum will increase by 50%. I would think everybody who is to receive money will react in more or less the same way. By the way, do we have to e-mail even a third W-8BEN since the remittance will relate to three and not two verticals?
RD What is your reply to this quite detailed post by zerohedge?
Thanks very much Laxmi!
Dear Laxmi,
"Cow Capital will be the sponsor company on all the 5 SPACs planned" What are the implications of this for the shareholders of IREEM? Will Cow Capital have stakes in these SPACS? If that is the case how big percentages when the companies start trading? When do you anticipate that Cow Capital will start trading on a stock exchange?
Thanks RD! eom
RD Thanks for providing these exciting insights! One thing I don't understand in this new picture is where Cow Capital is.
downtheharch I assume you refer to me. What you attribute to me is false. I did not KNOW what the results would be and never claimed that I did. What I stated, which was true, was that I guessed in advance what it would be, and that the guess was quite close to the number that turned out to be the case. This was quite a rough guess on my part. I have a weak memory and I forget most information in a few weeks. Therefore I now forget the crack spread during the third quarter. My impression is though that it is not very different from what has been during the current quarter. This would suggest earnings between 40 and 50 cents during the current quarter. I remember though that earnings per share were surprisingly high during the same quarter last year, exceeding one dollar per share. I don't know if this had something to do with the time of the year. If it had a guess could be that the numbers will be a bit better in this quarter than in the preceding quarter.
Thanks Laxmi! Your and RD's posts provide perspective and enhance our understanding of what can be expected to happen.
Thanks a lot RD for very interesting assessments!! Even if cash dividends grow much slower than general growth the numbers you suggest would mean fast growth too. I well understand that a lot of uncertainty necessarily is part of such projections. I assume that when you refer to 25 cents in dividends per quarter that is based on 2 verticals in the same way as the 15 cents for the current quarter, and that this number assumes that several more verticals than 2 will be operative to achieve this level of dividends.
RD At least I think this vertical may achieve the highest value. If the growth in profits is so high that it generates a value of 50 dollars per token/share what range of cash dividends do you envisage?
Thanks Laxmi! I am very happy with that valuation.
RD "0.22 = what the strategic investors were paying for them" This suggests something happening in the past and that strategic investors who are supposed to be able to make a good assessment of the fair value of the verticals find 22 cents per share/token an attractive price (I guess this refers to the two first verticals). The implication for me is that these shares/verticals are worth at least 22 cents, which means that we have an appreciation of at least 2,200% already.
Dear Laxmi,
Thanks for clearing up my misunderstanding. The central point is that others have on an average only signed up for about 25% of what they were entitled to signing up for whereas I have signed up for and paid 100% of what I was entitled to sign up for. I now understand why you gave us the chance to increase our stakes a until a few days into December. At least this appears to have been a very wise decision on my part.
RD It appears then that the wealth tax regulations differ between Norway and your country. I assume the reason for taxing shareholders in OTC companies in Norway not based on the market value of the stocks but on the net asset value behind each share is that companies that have started up quite recently may have very high market valuation even if it will take years before there is any significant revenue. These companies therefore cannot pay any cash dividends. A few shareholders may own a large part of the companies. Where is the money to come from if these shareholders were to pay a high wealth tax based on what may turn out to have been thin air (a high market valuation based on hope)?
Dear Laxmi,
I am impressed and encouraged reading your post. What surprises me immensely is the following statement: "The non-subscribers will realize their pain of not having contributed into this ownership... I would like to write i may not have received even $12,000 to $15,000 in total from the $0.01 subscription..." I have myself paid about $ 7, 400. If I have not totally misunderstood I have myself paid for more than 50% of the $ 0.01 subscription!!! I go for high risk/high reward. In this case it appears that the reward will be very good indeen in relation to the money risked.
RD "Geez, the company will have to tell us what the shares are worth as of dec 31. IMO. What we have to report. I don't see how else we are going to do this." If it does not it will be natural to state what we paid for the shares. If we get no dividend before the end of the year the tax authorities will have no basis for an independent valuation and in practice I think what we paid for the shares will be accepted. I have to retract what I suspect what I stated in my pervious post. In Norway now market value goes for shares that are listed on a normal stock exchange. For other stocks it is net assets per shares that is the criterion as far as I remember. Thus stocks in Norway that trade on what corresponds to the OTC may often have a valuation in relation to the wealth tax that is a fraction of the real value of the stock.
RD I totally agree with the first part of your post. 22 is too late for spending some of the money before Christmas. I referred to the Norwegian wealth tax in the last part of my post. Then it is the value at the end of the calendar year that matters.
RD Personally I would prefer to have the dividend in the first week of January for tax reasons. Taxation of the dividend will be delayed by one year, which is financially more important than a delay of a few days. Moreover, for me it will be a bit strange to receive a quarterly dividend that is way higher than the value of the shares/tokens that the dividend is related to if the value is 1 one cent per share/token. If it is higher what is to be reported to the tax authorities?
RD It struck me that if he thinks that CEO does not have the right connotations for the role he wants to play and he needs something different the following might perhaps suffice: TEO - Top Executive Officer. Since it may not be in use with a definite role it might allow him to carve out his own role.
I have a hunch that Commander-in-chief may not have the connotations that he wants to communicate. The word commander has military overtones and suggestions of a desire to approach the role of a dictator. It reminds me of Donald Trump and the way he acts.
RD You are arguing your case well regarding Nigeria. My reasoning concerning the whiskey is not valid since it has to be stored for several years.
RD You should take into consideration that a dollar in a few months is worth a good deal more than a dollar in several years. My impression is that investing in for instance whiskey gives a much faster payback than investing in palm trees. Therefore it may not be fair to put these two sorts of investments on the same level. Moreover, I think there are additional risks involved in investing in for instance Nigeria and I suspect that goes for several other African countries too. I have seen this in Tingo Group in Nigeria that appears to be mostly a scam. I understand that you "fight" for your projects though.
Dear Laxmi,
Regarding the W-8BEN I think a little clarification is needed. Is it just sufficient to send two individual e-mails with the W-8BEN as an attachment. I sent one yesterday. The e-mails are sent to the same address - IR@myDhan.io. - it would seem that the person who receives it at that e-mail address could forward it to two entities that process the dividends.
RD I hope my contribution is wise... It is a sort of compromise in fact. I tried to write my best English, since you referred to me as a sort of expert when it comes to English. I feel some relief right now since I have both sent by e-mails the W-8BEN and the information that makes it possible to wire the cash dividend to my bank account.