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Still the same. They filed a Form 15 two and a half years ago.
The old link is no longer working.
https://investor.mydhan.io/sign-in
But we have a new link now, apparently.
https://investor.mycow.io/sign-in
Here is an investment that makes "sense"
The movie "The Sixth Sense"
Budget : $ 40,000,000
Yield: $ 672,806,292
This is the charm of investing in movies. Kind of like winning the lottery.
(Always put your money on Bruce Willis)
But the inventory requirement (cash needed) is only $10M. That shouldn't be a problem? What matters more IMO is the supply you can get.
Says here the export ban might be over in June.This would increase the size of the market by a factor of 8 - 10 maybe, when regular rice is included.
https://www.agribusinessglobal.com/markets/navigating-indias-rice-export-ban/
5 million tons of Basmati rice was exported by India last year.
(10,000 x 24 cycles) / 5,000,000 = 4.8% market share. For India.
10,000 tons = 10,000,000 kg.
Per cycle I assume.
Profit is close to $0.85 per kg.
Profit = 0.85 x 10,000,000 kg x 24 cycles per year = $204M
So the P/E used = (100M fully diluted x $27) / 204M = 13.2
Seems about right to me.
If my calculation makes sense.
And what really matters is, how fast you can grow.
Ethereum is a blockchain technology/network and Digishares is a trading platform. They are not the same. One cannot replace the other IMO. Although my knowledge of this is limited in general. I'm not aware of cancelling or replacing Digishares.
There are indeed some major developments going on with several banks that may or may not involve Digishares. But again, I'm probably not aware of the details 😄. And it is best for me not to discuss this publicly.
Could you explain please how this works? The way I understand it there will be 2 series or RISO. One is our equity (the 77M RISO tokens that have been issued) and the other one is the token being offered to clients backed by Basmati Rice. How many kg is it now? Is the price the same or different? Or is there just one serie?
I guess the same question applies to gold.
The difference is one year.
For tax year 2023 I have to use January 1 for wealth tax. (we didn't have any tokens back then). You have to use december 31.
You have to report what you own, on december 31, as far as I know.
For Norway it is december 31 for 2023.
For The Netherlands it is January 1 for 2023. Difference of a year.
Yes, that will give him something to do 😄
I will recalculate the bonus based on a $10 price. Outstanding as of April 15. Issue date will be April 15. For income tax we will use $25.
That would be best. I am far more comfortable with an issue date of mid April for these than mid January (which would result in a conflict for whiskey valued at $0.01 on Jan 16)
I will send an email to Likhitha in an hour or so and a copy to you.
You can decide and make it final tomorrow.
Actually in this case I will get less tokens (for $25) than I had previously (for $10)
It doesn't add up.
Huh? The wealth tax applies to december 31. In Norway. (In the Netherlands it is Jan 1, so one year later). He needs to know the value on dec 31, for the wealth tax.
Nothing to worry about Snow. You should use $0.01 value for the wealth tax on dec 31 for the 3 verticals.
Two reasons.
1) as of dec 31 these 3 companies had zero revenues and income, so it shouldn't be hard to convinve the tax agency that they had no value.
2) Even now, the nominal value is $25. Which is not a guarantee it will stay that way. Only if the company executes its plans. The market value as of dec 31, 2024 will be determined by the price it trades at. So for 2024 it should be easy to determine. In fact, we will probably get an overview of the value of our wallet from Digishares, same as any other broker. Which we can use to determine the wealth tax, starting in 2024. But for 2023 we will not get such overview because we didn' t have a wallet yet.
2.5 x more taxes to pay. On the bonus tokens that were issued to employees in January. (For the income tax in 2024)
( Question1) Do you have an exact issuance date for the bonus tokens? I'm going to need it to determine the exchange rate (on a certain date) for the income tax. Makes me wonder whether we shouldn't just use $0.01 as value for the bonus shares that were issued to employees (Question 2). However, the number of tokens were determined based on a $10 price. So perhaps we should still use that price? For the income tax. Although, the only reference transaction price we have is from late 2023 and it was $0.01 then.
These are the issuance dates I have for now.
Verticals Issue date
Gold - 15-sep-23
Rice - 15-sep-23
Food Carts - dec-23
Whiskey - 16-jan-24
Plane Seats - 16-jan-24
Perhaps you have a more exact date for Food Carts? (Question 3). Again, I need it to determine the exchange rate (in Euros).
And this raises another question. If the whiskey tokens were issued for $0.01 on Jan 16 then how can the whiskey bonus tokens be valued at $10 at roughly the same time? Because the bonus tokens were issued in January. (Question 4)
$10 would be nice 😃
Just managing expectations, Karlacorn. History has shown repeatedly that the company is not in control and issues can rise out of nowhere causing more delays.
You have previously criticized the company for not delivering results on time and I am telling you nothing is certain until the money is paid and in your account.
I told you, more problems could surface.
They are not necessarily in order of launch date. CART is green as you can see, which means it has already been launched. Yellow will be launched soon and red is planned for later.
As for RISO, the way I understand it, there will be two series of these. The 76M of the first series that have been issued act as shares of the company and all profits from the rice vertical will be divided by these 76M tokens asif they were shares. There will be another serie of RISO issued to the public with a different valuation and those will will be backed by physical rice and traded by the company. How to separate the two I don't know yet. But they will both trade publicly.
If I give updates then Laxmi doesn't have to, and vice versa. He is just extremely busy.
And yes, plans change all the time.
But I didn't give you a fixed date. I said we are looking at the 9th or 10th of April. Which means it isn't final. I also said, more issues can always surface.
I never said the 8th. One more time. I said we are looking at the 9th or 10th of April.
Problems can always surface again. I'm kind of getting used to it. But you are right, $50M is available in Hong Kong out of a total of some $104M, the remainder being wired to the US.
Initially the expense was supposed to be 100M x $0.25 = $25M. But the expense for one quarter will only be close to $8M because we have only 76M tokens outstanding instead of 100M and some of the bigger shareholders don't want to get paid in cash. So these two planned dividends will hardly make a dent in our budget going forward.
Nobody ever said April 7 or 8. I said we are looking at April 9 or 10. You are deliberately confusing matters.
I don't know if they are all rich, but they are non-resident Indians living in the US. A bit above 41k now due to natural growth on gold.
But the focus has changed. We are now doing Regulation S offerings which is for non-US investors. And we get major support from several European banks on this. I can't talk much about it. But this will make it a lot easier to fund certain projects/verticals.
We were always going to expand beyond the SDIRA accounts. But it has happened a lot sooner than originally planned.
Yes
Yes, of course. But I am not mentioning any dates 😄
You already own the tokens. They are just not in your wallet yet.
Yes, we don't need that money now. Also, the value of the tokens is much higher now than last year.
Originally, we were supposed to get funding from a big investor last year which would have taken care of the december dividend. That money was transferred but put on hold and investigated. So then we initiated plan B which is comprised of 2 asset sales in India. This has taken its time most of which we don't control. Even the wire now into the US is being delayed by tax documents that need to be filed.
Yes, we should have used targets instead of suggesting fixed dates.
At least the 2nd dividend is planned for April 17 so we will catch up on lost time.
We are close to 76M RISO tokens issued and we should be done. Some more will be sold to ITUP at a later stage.
Laxmi has been working on a number of real estate deals, taking this vertical forward.
We are adding a 6th project in Nigeria which will be for cocoa plantations.
For the Aqua team and 200,000 ton RAS project we now have 5 consultancy contracts signed and the team is performing preliminary work.
That is all I have.
Apparently Laxmi isn't updating so I will do the best I can.
Laxmi had to stay in California due to some tax documents that had to be filed earlier this week with regard to the $2.59M (+$50M) that is being wired into the US. The 2nd reason why he won't be traveling to Hong Kong until this weekend is due to the holidays when banks are closed.
So, we are now looking at banking being set up in HK between April 2-9 and the first dividend to be paid on april 9 or 10. And the second dividend by April 17.