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Not everything may be suitable for this domain. Not everything will comply with IHUB terms of service. We can't use IHUB for official purposes. Future emails will also be sent from Dhan (or Cow). So you should always check your spam inbox.
You should always check your spam box.
Laxmi sent the email from his Dhan account.
Next time he will send it from his Cow account and it will go into your spam box once again.
Check your spam inbox, Snow.
No need to. I already have it.
I didn't receive it in my personal account either.
I had to send it form my work account to my personal account before I could send it to my connections/friends.
And usually I don't have to do that.
I also didn't receive the email in my personal email account. I did receive it in my work account and also in my Yahoo account.
Usually I receive this type of email in my personal account (and not in my work account). So perhaps you didn't use the proper list.
What now? He has explained this already.
Yeah man, they totally ripped us off.
3 cents today. 43000 shares traded. I think that seller is gone now.
Happy New Year, Snow.
If I had to guess it's because
1) he will soon have access to a lot of capital. He has always been living on the edge. And the dividends is a big deal for him too.
2) A big partner that we signed up with recently which is probably best not to disclose
3) He is a big fan of food carts IMO. And he must also be excited about the 5 projects in Africa.
Happy New Year. 🥳
2024 should be and will be, and will go down in history as the best year for ITUP and Cow Group.
I just searched back a year ago to see if the same was said about 2023 but to our credit, it wasn't. There was nothing said about 2023 And it didn't turn out to be such a great year. Although good progress was made on some fronts.
Yes I know about SPZI which came back from the dead. It's just very hard to distinguish scams from legitimate companies. That is why I never looked into TIO because it would have taken too much of my time, to begin with.
The reward isn't just financially. As we will all adapt quickly to being wealthy. The real excitement will come from watching events unfold.
How much gold will we be trading a year from now? How will the food carts develop. How many planes? That one could be huge.
I can also tell you that work will begin as of Jan 1 on the 200,000 metric tons Aqua RAS facility in Nigeria. We already did some work like feasibility study but the real work will start on Jan 1. We have a team of 5 in Nigeria on this. They will start on the design and do work like soil- and water quality testing and lots more. In the mean time it is our job to raise the $930M needed for this and once we do, we will shift gears and begin construction. Remember, this RAS farm will be 10x bigger than anything else in the world today. So it will be very exciting to watch.
And related to this is the trip to Nigeria in late January. As we will have a chat with the Governor of Anambra to see what they can give us in return for all we are doing there - RAS, Oil Palm and Coconut. All these projects are huge.
I would say $0.25 quarterly dividend for the remainder of 2024 is what we should expect.
5 active verticals. I don't expect the other 4 to join soon. Perhaps Oil Palm is supposed to be vertical 6, or, it could join the Rice vertical. Even if it is a separate vertical, it won't add much in dividends because it takes at least 4 years for the trees to grow and generate cash flow. Same applies to coconut and the Aqua RAS farm which will take 2-3 years to build.
Here is another thing. We are targeting $100 billion assets under management by 2025. Rule of thumb you can use for this is that the companies will then also be worth $100 billion. Let's be conservative and take half of that. $50 billion by 2025. Divided by 9 verticals gives $5.5 billion or a $55 share price on average per vertical. And if we get a premium for being high growth then we are looking at $100. So it is easy to see that the dividends won't be able to keep up. But at $100 I doubt that anyone will care about dividends.
The question was more like, when can these tokens be sold from our wallets? In the market.
One interesting question I have received from several shareholders is, when can these tokens be sold for cash? Or is it only the token series that can be sold? This is especially relevant for people who have to pay a wealth tax.
It is a coincidence that we were thinking about dividend yields at the exact same time.
Perhaps we should have paid $0.05 per vertical and maintained the $0.15 for the first distribution.
Add $0.05 for every vertical.
But we can still do that going forward. 5 verticals = $0.25. 9 verticals = $0.45
Then the dividend yield is 4 quarters x $0.05 / 10 = 2%
But like I said before, it is going to drop fast anyhow.
By year end the tokens could be worth $50.
The dividends simply won't be able to keep up.
As discussed before.
It only matters (somewhat) for the first year.
The dividend yield is 3.3% if the tokens/shares are valued at $10. Which is perfectly normal. And by itself could validate the price of $10.
0.083333 x 4 quarters / 10 = 3.3%
Well, assuming the dividend doesn't go down per vertical when we add more verticals. But even then, a 2% dividend yield could be perceived as normal.
You pay too much tax it seems. You pay tax 2 or 3 times whereas I pay tax only once. (I can get the 15% dividend tax back when I already pay a wealth tax, and we don't have capital gains tax).
https://www.taxolution.ch/swiss-tax-guide/norway-wealth-exodus/
For me too Snow. And I have to pay almost 2% wealth tax on stocks. But luckily it doesn't apply to tax year 2023. Because the book date is Jan 1 for us, not dec 31.
It's just the 4 or 5 verticals for now. The other ones don't have any value yet.
But we have to keep a close eye on this.
And one year later they could be worth $50 Or even $200 for Cow Agri Corp
Imagine the taxes we have to pay then
Eventually we will have to sell some tokens I guess.
Yes. That confirms what I just posted.
I'm not using DCF.
Laxmi has solved the problem for us. Because they will be selling shares/tokens for $10 to IRA clients.
This is what the Dutch tax office calls an "independent reference transaction"
And it overrules all other valuation methods.
There is some logic to this. Because $10 is what you can get for your shares in the market place, realistically.
It should be the same in Norway.
It would be very hard for you to argue that the shares are worth less than $10. If the company can sell them for $10.
And you risk being fined if you do.
So that's it. You have to use $10 per share per vertical.
If.... the company is able to sell them for $10 to IRA clients (soon).
As for the income tax or gift tax, I don't think it is relevant.
The book date was september 15 when we received the shares.
The companies didn't have any revenue. There was no independent reference transaction.
I think we can use value $0 for this purpose. Or perhaps $0.01.
It's funny actually. Someone asked me recently how I see valuations going forward. I told him the vertical shares will be worth at least $10 some time in 2024 although I can't say when, but at some point. And here comes Laxmi saying that date is January 1. lol. Yeah, that is possible too. It all depends on your expectations and how you define them. And what you sell the shares for ....
Please be a bit patient with this. I'm sure they have a whole team working on this.
Financial engineering a la Prasad.
Nothing to it.
How does it feel to be a millionaire? Suddenly
Every vertical company is valued at $10/share? Isn't that a bit of a coincidence?
This could be indeed what we are looking at. If the company is selling vertical shares/tokens to IRA clients for $10/piece then that is what the tax office calls an "independent reference transaction". It overrules all other valuation methods. This is the value we should use for tax purposes.
On the bright side, a lot of of millionaires will be born.
$10 x 100,000 shares x 4 verticals x 1.1% wealth tax (Norway) = $44,000 tax. lol.
I can't. And there are no moderators. Someone will have to sign up first as moderator. Not an employee like me.
What does it mean for the vertical shares? How are they valued in relation to the tokens? That is what we want to know.
I've been reading a bit more about taxes. Because I'm curious. I have a pretty good idea now how it works for me in The Netherlands.
We both have a wealth tax. Yours is close to 1.1% and mine almost 2% on stocks (and much less on cash) for 2023.
Here is another difference
We can get up to 25% for projects from the IRA accounts. Let's assume $600M. (IRA accounts will grow from 42,000 to 150,000 next year).
We can get another $600M from FCG dollar-for-dollar match which will give us $1.2 billion.
And another 50% public money will give us a total of $2.4 billion.
This money we will need specifically for our 5 projects in Nigeria. Amongst other things.
Laxmi will present detailed planning and budgetting on Jan 10. For 2024-2025.
FCG. Not FGC.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173385597&txt2find=fcg
There are several references in 2021 you can find as well on this board.
What three letters don't you understand? I don't see anything strange in my post.