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It's pretty amazing. Guess who is in the news today. (translated from dutch news site)
https://www-nu-nl.translate.goog/sport-overig/6302076/ioc-weigert-45-jarige-bokslegende-pacquiao-op-spelen-vanwege-leeftijd.html?_x_tr_sl=nl&_x_tr_tl=en&_x_tr_hl=nl&_x_tr_pto=wapp
Whatever works best for you.
I would access the email together with the person who is helping you with the Google password. Then you need to save the information which contains a password and some other info about your account. I made a screenshot and saved it on my harddisk.
If you are too late it is a simple matter of writing to support and ask them to send it again. I would think. You won't be the first person who doesn't open his email for 8 days.
Probably another hidden asset. Like the hemp and CBD. And the museums and the plantations. And all the rest.
I don't know if you need a Google password, but the info you are trying access is only available for 8 days. So you probably need to contact support anyway and ask them to resend the email.
Hehe. I thought that post from Laxmi was pretty tiresome as well 😃
I can hype this thing far beyond the most bullish expectations. But I'm not going to. I have my reasons.
Wire out of India didn't happen today. One more form needs to be signed about transaction fees. It's a matter of days. Doesn't change the planning. Wire should happen next week.
Have a nice weekend.
Yes, I'm happy for you. Nice to get some cash (liquidity) for a decent price.
Yes, remember this one went from $0.40 to $2.50 in just a week in 2014. We are starting at $0.05 now. You can never tell.
Nice. Perhaps you can buy them back for 0.08. lol.
0.20 busted now
This is a bit tiresome. It doesn't take a lot of time to create value here. The only question is whether the tokens are worth $1, $10 or $100. That is the ONLY thing at play here. But even at $1 most people will be very happy here.
Karlacorn, you know the situation perfectly well. The company does plan to pay quarterly dividends. Even monthly dividends at some point.
Does it really matter whether they pay 2 dividends in March/April? No it doesn't. Besides, they already increased the dividend from $0.15 to $0.25. And people need to stop complaining about the $0.01 they (had to) pay for the tokens. When the company is paying a quarterly dividend of $0.08333 on these. When the tokens could easily be worth $10 or more. It's hilarious.
Monday is Presidents' Day. That is why we should receive the money on tuesday the 20th. But I agree with you. Don't light that cigar just yet.
Yes. Or you can send an email to support@mycow.io and ask her there.
You should ask Likhitha this. You are in the telegram group, right?
Yes, they are issuing the rice (RISO) tokens now to the shareholders. The other verticals are next.
You should all keep checking you email spam inbox for mail from MyCow support.
I don't know. There could be.
You can't receive the tokens unless you have a wallet. They have started that proces now, setting up accounts for people. You can see here that they have started transferring RISO tokens, the security rice tokens.
https://etherscan.io/token/0xb87CF5b60111A7145ddfcFcBD2D809088085E056
No inquiries. Laxmi expects the bank to wire the money on Feb 16.
You need a wallet either way, for your security tokens (=shares you own of the verticals)
Plan is to pay the dividend in cash. But they will also issue utility tokens for these and put them in your wallet.
Best to contact support@mycow.io and ask them to help you set up an account/wallet. If you don't have one yet.
Snow, converting the cash grant (dividend or utility token) into gold grams and grains by March 15 if the dividend hasn't been paid in cash by then is optional. That is what was missing in the explanation. The utility tokens are issued as an extra layer of comfort.
As for getting your own account for tokens c.q. wallets, it is not a lot different from a brokerage account. And you know all about brokerage accounts so you will get used to it. This shouldn't be a problem.
Also check your spam inbox. The email was sent using the new mycow.io domain name.
Some things are confidential. And/or not suitable for the public domain. The company usually doesn't discuss in detail how it finances its operations.
Perhaps you remember, last year we had a big investor from India and we were waiting for that money. The money was wired but put on hold and investigated by the authorities. So that was unexpected and caused some troubles. I don't know the status of that currently.
We were also supposed to ramp up sales, but again, without that big investor, it didn't go as planned.
So then we initiated what you can call plan B or plan C around september. Two asset sales in India totalling $52M. So we are no longer dependent on third parties. That process has been ongoing since september and we should be close now. It's the right approach IMO. We are all waiting for that money. Employees, shareholders, management and some of our business partners. As for the timeline on that, we have been and are dependent on the information we get from the lawyers in India.
The dividend is $25M. And in a recent update, Laxmi said we will double the $54M coming from India to $108M. Which means the dividend can't be paid right away when we receive the money.
However, nothing is set in stone. Because we have more transfers planned.
Karlacorn, the final step in the process (getting FEMA approval in India) can take up to 90 days. We are well past 30 days now. Probably half-way. However, if we don't get any inquiries from the central bank by tomorrow then it was said by our lawyers in India that the money will be released on February 16. We should have that update in a few days. Even then, I think we need 2-3 weeks in escrow in order to double that money from $54M to $108M with help of a financial partner (dollar for dollar match).
So we are probably looking at March when the dividend will be paid. I don't see how it can happen in February. The important thing is to get the first cross-border transaction done. Then subsequent transfers, which we are also planning, will be a lot quicker.
Just to update you that we have a new website. Well, it is the same website but a different name and a new brand. myDhan has become MyCow.io for all of our companies.
https://www.mycow.io/
I don't know. I haven't looked for news. Perhaps a big seller. I don't have any shares now because I don't have any money.
Yes, the dividend is unchanged. But delayed by a couple of weeks.
If for some reason the money doesn't come from India by March 15 (which we don't expect) then you will get utility tokens (or SWIM Gold) instead. This is just to show that the company is committed to paying the dividend. But the intent is to pay the dividend in cash in a couple of weeks.
Don't believe everything you read on the internet.
The company is doing the right thing. Selling off certain assets in India to fund operations and dividends. Until operations can take care of the dividends themselves. $25M is coming from certain shares sold in India and another $27M asset sale. And there is a lot more coming as well.
Repatriation can be a bitch. Multinationals usually don't do it. For tax reasons. Although we could have done it sooner. But we don't live in a perfect world. At least the process has been ongoing since september/october and it can take up to 90 days to get FEMA approval in India. We are past the first 30 days now. The money belongs to the company so there shouldn't be any issues. The 2nd wire and beyond should be a lot quicker.
In the meantime we are also moving forward aggressively with sales. Obviously.
I don't care about recovering funds. That would be a bonus if it happens.
But we can sue the directors. Especially those from the US.
Perhaps the Gansu government as well.
It's a total rip-off.
Based on the DEFM14C from 2014 our shares are worth some $15.
Much higher 8 years later.
Probably I (we) will have the money for this.
I want the best lawyers and investigators that money can buy.
Hold on to that email. As that is evidence.
It's a total rip-off for $0.20 and probably highly illegal what they are doing.
I still want to sue them. Assuming I will have the money (soon)
We may need your help. As we need to hire a law firm in the US.
And we need someone like you to communicate with them, on our behalf.
That is all. We could even pay you for your services.
But it is not set in stone yet.
It doesn't matter what you do or how hard you try. I'm not going to post reminders on IHUB whenever the company sends an email !
I'm not going to remind everyone on IHUB every time an email has been sent to them.
Your plan won't work. The person selling the shares to you for $0.05 would actually be worth $10. This could result in a number of problems for you. Taxes being one of them.
Gotta get that loan.
What you need is a loan. The person offering the loan can wire the money to Sura Inc. on your behalf in your name.
Then, after you receive the dividend, you pay back the loan with several 100% premium.
Most people don't have any money though. But perhaps you can find one person.