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Snow, where did he mention IREEM/CCAC in his post? Because he didn't.... Don't make things more complicated than they are.
As for yourself, you didn't pay 15,000 dollars for 100,000 shares.
You paid $0.01 per security token issued or "granted" through CCAC/ITUP
You should have 9 verticals x close to 145,000 security tokens.
I don't know the exact number but I know it's close to 145,000. Per vertical.
RISO (rice) is already in your account. The rest will follow shortly.
You will see once you have access to your wallet.
Yes, I noticed.
Yes, it's way too cheap based on net assets.
They have a bunch of off-balance sheet assets as well, as I pointed out recently in the annual report. You are going to find this quite shocking. This is from the DEFM14C filing in 2015 (page 11) when they swapped out a bunch of subsidiaries in exchange for 5 high value plantations.
Heck, we get 2 reports for the price of 1
I don't think they hid it in Equity Art. I think they dissolved Gansu Yasheng America Trade Co., Ltd which was holding the Chinese assets previously, so they had to move it somewhere else.
But yes, I think they wanted to spin-off Equity Art (initially) also for this reason.
I think it is. Yasheng BVI is also the parent company. This is where you would expect the plantations to be. In China.
It's possible that they moved some assets out of Equity Art with the preferred dividend in mind....
Yes, I think everyone missed it.
Still waiting for the comments on assets that are off-balance sheet and the dividend.
The email that contains info about your account and your password is only valid for 8 days. After which they have to resend it.
Snow, your account has already been created with the RISO (rice) tokens in it. I checked with Laxmi yesterday. It's not going to disappear because you haven't logged on yet. We have plenty of time.
They have been setting up accounts and filling tokens for the past 17 days. RISO (rice) is first, as you can see on this list.
https://etherscan.io/token/0xb87CF5b60111A7145ddfcFcBD2D809088085E056
Anyone who owns vertical shares and hasn't received an email yet, with a wallet address and password, should contact Likhitha at support@mycow.io
She will make a ticket and set up an account for you.
Here is the Web Form for the Asset Custodianship Designation Form.
PDF version is also available but I can't post it on here. Please email ir@mycow.io if you want it.
https://na4.documents.adobe.com/public/esignWidget?wid=CBFCIBAA3AAABLblqZhAUgnUBMs7vmAQDww7HKuE84lOh5k9KobNxu6VN20jMvc-jwOHgn9uZLra02sg7Efw*
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.