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What I can tell you is that Gold SWIM is a security token. And yes, heavily regulated. The overview I am posting is a year old. But it shows you that it is regulated.
Also, Cow Capital is a registered investment adviser. They have to be. That is all work that has been done the past few years.
Laxmi can fill you in on the details.
Nice try, but no.
Yes, but I don't know much about that. It should open some doors but I don't know to what extent.
Don't think so. It will remain at 60% of spot price. They want it to be as they want to make a new currency of it.
It does raise some questions. But...
The current purchase price is based on a cycle rate of 15 days. So every 15 days you will generate some profit and this will double over a 5-year period.
This is SWIM. (Systematic Wealth and Income Multiplier). Which we also have for Rice and Aviation.
So it's a P/E of 5 which is pretty cheap if you want to buy. But the cycle rate, especially for gold, is expected to come down to 10 days, 5 days, perhaps even 2 days. Which means that the yield will go up and the token price will be even cheaper. In reality, assuming a reasonable P/E, the token could be worth up to $100. So, there should be demand for it. Once the cycle rate comes down and we can confirm it....
Too cheap. That is why Laxmi told me before that we will sell only roughly 800,000 tokens to the public. Enough to fill inventory. There's another roughly 70M SIRI owned by the stakeholders currently. There won't be many sellers if the cycle rate comes down because it will simply be too cheap to sell. But there will be some.
The only place that I am aware of is the investor portal in your account. SIRI is $8.87 and RISO is $25 (subject to change).
Trading on these should start july 26th (targeted)
Laxmi has reached his 30-post limit for today. If there are any important updates, I will let you know
Nothing important. One of the shareholders is pushing him.
Yes, I was asking for my boss (CEO and Chairman) who had already posted 18 times today
We are expecting and hoping for some good news later today which is very crucial. So I didn't want him to run out of posts.
I think he is at 23 posts now.
That was my point. The ITUP shareholders who missed out on the first 5 verticals can still invest for $0.01 on the new verticals.
You keep missing context Laxmi. I was talking about the new verticals that have not been issued yet. Like Real Estate. For the ITUP shareholders. It's $0.01 per token. 1:1 You are not going to deduct $9 per vertical share from my salary for the new verticals....
Yeah, I don't think anyone was 100% sure
It's 30. Thanks, Shelly.
This should be called "The Question and No Answer Board"
How many posts per day for free members?
You have already posted more than 15 times today. Perhaps the rules have changed. They keep doing that.
I was talking about the ITUP shareholders, Laxmi. They have a right to buy into vertical companies for $0.01 AFAIK. One for one.
As a reminder, you have only 15 posts per day. Perhaps save some for later when it matters.
The good news is, we have a lot more verticals planned than the first 5. So they can still buy into another 4 at least. Starting with Real Estate
The other contact then. The one Laxmi is referring to.
Ok. That makes sense. Because the ITUP shares have been restricted for quite a while.
I know your contact reasonably well. And he knows me too.
I was just thinking about that. So you invested in ITUP at the time due to your contact (?). That makes sense. You should check with your wealth manager though. Because you don't own any vertical shares (and hence no dividends) unless you pay $0.01 for them. Laxmi can tell you if it is too late for that. As I remember it, the price has gone up from $0.01 significantly, already.
But I also said that IREEM (CCAC) and ITUP will both acquire a 10% stake in the vertical companies. Just no cash dividends.
And Laxmi plans to bring the ITUP shares to market for at least $100 per share. Perhaps that price will go up as well.
He said he is an ITUP shareholder. Not MyCow. By proxy. I assume that means he is representing someone else?
But it's a good point. Anyone receiving vertical shares through ITUP/IREEM has to pay $0.01 per vertical share. Which also means they are on record at MyCow. Not sure if he has done that. A lot of the legacy shareholders didn't do that. But most of us here did. Even the employees will have to pay $0.01 per vertical share issued through ITUP/IREEM but it will be deducted from our salary.
I've been telling them, warning them, since April 2023. I really did. You want to know how I knew? Because I have seen 100 other startup companies and they all struggle (the same way). So for me it was easy to see where this was going.
I have offered alternatives. But there aren't many options. And we have been very unlucky as well. Either way, I have done all I can (and more). All we can do is wait now.
I'd rather not. I'm not holding my breath today. Just hoping that finally today could be the day when we receive the funds.
It's a major pain in the butt for all of us. But I am/was especially concerned about our consultants in Nigeria. Because they already have jobs and they don't need this. Luckily (although it isn't luck) I am sensing that they are still on board as they fully understand the importance of what we are doing. Also, I told Laxmi yesterday (again) that the RAS project will be our flagship, affecting every other project we will do. And hence it is important to give this a high priority. I want to have the first RAS farm fully funded by december. Laxmi is passing it on to the banking group.
Some of what you say has some merit. Some of it doesn't. I will focus on the part that doesn't.
The banking license will be a crucial part of business going forward for reasons most of us don't understand yet. And opportunities like these are rare. We are just waiting for the funding today so the banking license won't interfere with that. We have several people ready to go to start wiring money if/when we receive funds.
My point was, you are better off sending him a reminder by email (if you have to) than posting it on here. He will read it quicker.
And besides, we don't know what it is about. Either you discuss the issue on here or not at all. IMO. These reminders by themselves without any info what it is about has no value for the readers on this message board. 😃
You might as well travel to Puerto Rico if you aren't flying to Hong Kong, Nigeria, London, Amsterdam or Mumbai. But first you need some travel money.
He always reads his emails. And more frequently than he reads this message board. So there is no point in posting reminders here.
IMO... once word gets out that we are tokenizing the 2 biggest RAS farms in the world (by far) worth $2 billion in token sales then it will be quite disruptive and act as a wake up call for many. In Africa, of all places... But I will leave it to the experts
Basically all they have to do is explain that these investments generate stable income and are not exposed to fluctuations and overvaluations in the stock market. There, I needed only 1 sentence.
I agree Snow. Needs some work. Laxmi can pass it on.
Also, we are doing plantations now. Which is very different from gold /rice / aviation (SWIM). Now you are getting fractional hectares (stable assets) that increase in value over time. Probably needs an explanation too.
We can actually build 2 fish farms in one year. First one in Anambra 2nd half of this year. 2nd one in Lagos during first half of next year.
Banks should be able to fund quickly. And there is no point in waiting a year (or two). Because construction will take 2-3 years. There isn't a whole lot you can learn.
RAS Team should be able to handle 2 fish farms. If Alex can do 3-5 projects at the same time.
This will give you $2 billion in token sales during the next 12 months. From 2 fish farms.
Also, we can build the shrimp demo quicker.
Also, we will get even MORE media attention 😀
I don't see any negatives.
Perhaps you can suggest it in the Aqua Telegram group. Make it sound like it is your idea. See if anyone responds.