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It will change multiple times per week anyway, doesn't it? So I don't see why you can't share it. Make assumptions where you have to.
I also asked a couple of hours ago. He is still working on it.
Wow. You see what I mean. Nobody even knows this. Neither do I.
We do have Private Placement Memorandum and a SWIM presentation in the investor portal (soon). So we should have a good look at that. Problem is it will take up a lot of your time and most investors are lazy by nature. However, we are targeting accredited investors mostly (or only) so the investors shouldn't be a problem. The banks have to do the selling
It never occured to me that this was why you were using a 5-year period in the worksheets for gold.
Is it true then that you can't distribute profits until after 5 years? Although you should be able to book the profits annually because you know how many grains were created and what the value of the grains are. And what our share is. Hmmm. Maybe.
The whole thing is just very complicated. So you can imagine how complicated it must be for the average shareholder, or investor. That is something that we must address I think. Because uncertainty, lack of understanding or lack of transparency how the process works could become our biggest enemy and worst nighmare. If the wrong information is spread ...
I'm still waiting to receive the latest version of the worksheets. When you are ready. And for the presentation to be uploaded in the investor portal.
I'm still not sure if this is working properly though.
Let us consider the group of tokens that is not cycling. The 76M tokens that we own. The profits generated are dependent on how many tokens in the other group (the 24M) are cycling. And yet, the price is fixed at $8.90 same as the other group. And also, these tokens are not backed by 60% real assets.
How can the price be the same? It can't be.
Also be very careful about stating that the tokens are backed by Real World Assets. Because it all depends on which group you are talking about.
And the buyer of the token.... doesn't know from which group he is buying. Or does he?
Perhaps you need 2 series of SIRI tokens.
Ok, that is much clearer already. Thanks.
You can put some beds in there.
Aha
Why didn't you take a smaller plane, as most of the time you will be travelling with 1-4 people, not 19 ?
Get back to work, Laxmi. Thanks!
It's not the same. If you had followed the China space as I have for the past 15 years then you would understand. Because out of 100 Chinese small cap companies listed in the US about 80% dropped to zero and perhaps another 15% is currently trading at fractions of pennies. Total carnage IOW. There are a number of reasons for this but one of the main reasons is that a lot of Chinese people in business are simply crooks. Either that, or they are stupid. Or both.
Don't ask stupid questions. I am correcting you when you are wrong. I also pursue objectiveness and fairness in most matters. One of my good qualities. Thanks.
Xin Li is basically another Chinese crook. And I have seen quite a few of those.
The first one is about unpaid rent and the landlord is Xin Li, exactly as Laxmi stated.
Well, I vaguely remember they were planning to acquire it. So perhaps it is also about the deposit.
Raising the rent from $50,000 to $75,000 is criminal anyway and she deserves what she is getting, which is nothing
You still have to upload the presentation for SWIM Gold in the investor portal.
There is no information available at all currently.
Perhaps you should send it to me. The latest version I have is from January.
I will have to study it again.
But who owns the 24M tokens? Nobody?
And what happens when you sell a 20% stake to ITUP
And wasn't the investor supposed to get 2/3rds of profits per cycle (above 8%) ? How?
There is still something I don't understand. Let's take gold for example.
Let's assume there are 70M SIRI outstanding and another 800k sold to the public.
Then, which ones will be used to cycle and trade the gold?
And how can the price for all these tokens be the same?
Is the $10 price fixed or free?
That's what I thought. So there should be exceptional demand for rice tokens compared to gold tokens.
What is the Payback Time? Feels like it is less than 1 year whereas for gold it was 5 years?
I shouldn't comment, but it's not a good offer considering the book value of ITUP. As always, it depends on your point of view. And not nearly as bad as the $0.20 offer that HERB made for some of the shares for what could be $20 in hidden (undisclosed) fair value per share, 100x more. And these IDIOTS actually believed they were doing a good thing for the shareholders by offering a price 3x what it was trading for in the market.
I have seen it all..... Laxmi. There was this Chinese CEO and controlling shareholder once who offered to repurchase shares for a fraction of book value and a fraction of fair value. If the shareholders didn't accept, he would delist the company and it would basically be worthless. So this guy was profiting from and exploiting the fact that he was a failure. That happens too in the China space.
The post that Karla replied to. So he should have known.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174805892
Wrong again. Karla is mistaken because Laxmi did mentioned the $0.125 per token
The number of verticals doesn't matter.
It was supposed to be $0.0833 from 3 verticals
Now it is $0.125 from 2 verticals.
The total is still $0.25
The people who have more rice and gold tokens than the other tokens will benefit.
I know it would be tough to pay 2 (or even 3) dividends from that. Because I know how many tokens are outstanding. It's just that a large group wanted stock and not cash. And I suppose that has changed. Well, I do think everyone should take the cash. But you should have seen this coming, beforehand.
Anyway, it is what it is. I already informed my "group".
Let's make the $0.10 per month happen, at least. And no more surprises.
I know all that, Laxmi. I wasn't born yesterday. It's just so predictable and typical. And it's bad.
Leave some cheap shares for me, Snow.
Get back to work, Laxmi. I suppose we should all be glad that you only have 30 posts every day. GEEZ.
Pffffff.... You are not doing yourself any favors if you think that buying vertical shares for $0.01 is dangerous. It is laughable.
Actually I am on record in the past, saying that $0.01 is practically a gift. Because that is exactly what it is. And many purchased them and are plucking the fruits already today