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I am afraid that people who invested in ITUP will lose their money if the elect to stay invested for the long run. I hope I am wrong.
When I saw the pattern of promises that were repeatedly broken, I sold my shares and came out without a loss. Of course it was a disappointment after missing out on this "huge opportunity" and a share that was going to be worth hundreds or thousands of dollars. But his words about OTC could not be trusted, so why would you all of a sudden trust his words about NYSE?
How much disappointment will it take before people open their eyes? Could that be greed clouding the judgment, maybe?
I think people care a lot about credibility.
And the reason for Pink Current not happening is a missing attorney letter?
So, how can we monetize this value of $5? By selling our shares in the (soon to be) listed company EQRTF?
We're getting there...
Very busy.
Very.
Only two entries on the FINRA Daily Dividends / Distributions / Splits List. They don't seem very busy at FINRA today -_-
Three weeks overdue. This is getting annoying. According to the company FINRA said that this could take up to 90 days. Come on....!
He is quite vocal and dominant on this board, but I don't think he managed to acquire the entire TD Ameritrade just yet...
I am watching this
Their travel and accomodation expenses in India suggest it is a huge company.
Their website doesn't.
I think RD's question is very relevant. Maybe Laxmi could answer it?
$5,440,000 spent on travel and accomodation in India is more than $15,000 every day, 360 days, for one person - or $1,500 for 10 people 360 days of the year.
To get an understanding of how big the ITUP team is, I tried to have a look at http://itupglobal.com/OurTeam.html. Perhaps the new, promised website will be ready simultaneously with the audited filings and getting current?
If so, then I could sell a few of my shares but the shares that I sell would still be eligible for the dividend on my account and not on the buyer's account? (Not that I intend to...)
d) 18 months
e) never (= getting current on OTC according to previous promises)
If there at least was a legitimate explanation why, but "no comments" is not very reassuring, is it?
Btw, has Laxmi published yet what he promised for last weekend?
"deal after deal comes to nothing because ITUP fails"
I will not buy. I am perfectly happy if you guys can make a few bucks on this.
They didn't come through for SIAF. They will not come through for ITUP.
Of course, it could be possible if everything went according to your growth estimates, but it will not. Laxmi has been lying about getting current for more than a year. Now there is a new plan, NYSE. Now he suddenly has become truthful....Yeah right.
"My estimates are rock solid. "
I believed in the fantastic projections regarding SIAF. Look where that got me.
There is something fundamentally wrong with ITUP and I am afraid that DITUP's description of the reality is much closer to the truth than RD's overly optimistic valuation of +$1000/share.
And when is the NYSE listing expected to happen?
Well that's not correct, I can tell you that much. More like 41,500 sq km, or 41 500 sq km, but not 41.6 sq km
A lot of the trading here feels very manipulated.
HERB is up 917% in 12 months as we speak.
So do you think people should buy this stock or not?
I see what you mean. Well, if HERB delivers we will be quite well off even if we must buy our puts to overprice.
Now what?
Yes. 50c/share/year would keep us afloat.
A merger and thus a listing of HERB will display all the assets and give us a proper valuation. I hope they make it happen this time.
The merger would form a $3.5B company. Gansu Yasheng Industrial 30%, Yasheng Group 70%.
And why could they not disclose the size of the dividend, instead of keeping us in the dark?
How long will we have to wait this time? It was due Sep 28 and now FINRA is taking forever to process this even if they were duly noted 10 days in advance according to standard procedure. It is quite annoying when we have been waiting since May. And years before that.
So this is a setup that would give us
- ~$1.50/share in dividend
- x number of shares in the new merged company Yasheng Group/Gansu Yasheng Industrial
- a listing on SSE (where the current p/e for the Shanghai SE 180 index is 13.97)
?
According to OTCMarkets, brokerage firms are updating their systems to allow trading under the new rules and they can not predict when each firm will sync their systems to the new mandate. Some already have, so your current ability to trade HERB is pretty much depending on where you have your account.
Congratulations to your post #33,000!
Dear Laxmi Prasad,
What matters - to me - is accountability and credibility.
If you don't intend to give me a rose garden, don't promise me a rose garden. If you don't intend to become current and file your financials, don't promise me you will become current and file your financials.
I think you are doing a mistake in your ITUP/HERB comparison. You are only acknowledging the 5MUSD in the last HERB filing. But the filing also says that Equity Art is off the balance sheet. Now isn't that a significant note, to say the least?
But you believe HERB has gone from a gross profit of 162MUSD 2014 to 2MUSD 2021?
I completely lost all confidence because of all the endless promises that never were fulfilled. To me that signals lack of integrity. But I still hope you guys make a nice buck here.
Now, now..."shortly" is not necessarily today.
But "this sunday/Monday" were necessarily the days that passed yesterday and the day before that.