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It's somewhat of a relief actually. Now I don't have to waste more of my time on this pathetic company.
Game over, Snow. I don't see you buying the stock hand over fist. LOL.
20 cents they are giving us for a $30 stock.
It's game over. They are ripping us off in broad daylight.
What do you mean?
Certainly much better than option 2.
Dear All,
Here is how votes got polled ---
Option 1 --> 2,867,867
Option 2 --> 7,141,717
Option 2 polled 2.5 times more votes than option 1.
However, considering some real-time necessities that forced a few holders to choose option 1 and the vision that option 2 holders are continuing to see in us, we have decided to formulate a mix that to our opinion will keep everyone in the best moods over the decisions that company will adopt.
Option 1 was limiting grant of shares through Cow for 1 SPAC endorsement, though equity offer on such 1 SPAC endorsement was 1:1.
Option 2 was granting shares through Cow for all of the 5 SPAC endorsements that cow would make but because of such a wide offer, we were limiting overall shares to all the stakeholders in 5:2 Ratio.
We are now coming up with a mid-way solution that will oversee the needs of Option 1 investors and also accommodate option 2 choicers on most of the spac endorsements.
This means, the Company will be issuing 2 shares in each of the verticals for every 3 shares of COW from and upto 3 SPAC endorsements. This means for the first spac, Cow Shareholders (that includes ITUP Shareholders as well) will have 2 Shares for 3 shares of COW towards the first spac and this will mean 4 for 3 shares at the end of second SPAC endorsement and 6 : 3 (2:1) after 3rd SPAC endorsement. The last 2 spac related shares will be shared by ONE Key Strategic Investor, LP, Mahesh and Dr Palmer Family vs 4 SpACs endorsements they would have gained if option 1 was confirmed and none if Option 2 was confirmed other than through their current holding.
We felt, This mix and match will be a win-win situation for everyone because we are confident of completing 3 SPAC endorsements within 1 year and this will address the short term needs of all. The holding pattern of how it gets revised for each vertical will be circulated shortly in a week's time and this will be ready for dividend distribution on the 22nd of December 2023. We plan distributing $0.15 cents over dividends through Vertical 1 & 2.
From March Calendar we will have all the current verticals (Gold, Rice, Whiskey and fractional plane seats) turn live for dividend circulation.
My Dhan (www.MyDhan.io) wishes you all a very happy Diwali,
(Laxmi Prasad)
The vote has been extended. Results on the 10th.
Food Carts (Vertical 5). Trial in the US. Will kick off soon in India (after the elections, I think)
https://myindianmeal.io/
And you probably haven't seen this one either. Rice (Vertical 2 = Masala Agri)
https://dhanrice.com/
Masala Agri is big because rice is our number 1 product and also because we have 5 huge projects going on in Africa.
Aviation is big because financing just 1 A350-1000 for 5 years costs $324M. So you can imagine how much income 100 planes would generate for us.
I have no idea about the prospects for IREEM and Cow.
Snow, all. I don't want to discuss voting or SPACs but I can say something about expectations and future value of the companies that we have now.
Let's start with ITUP. The company owns part of IREEM and Cow and also has a majority interest in Masala Capital. IREEM will generate income from future SPACs and Masala Capital will generate income from the vertical companies as it is the registered investment advisor on behalf of these companies. Laxmi already mention a $100 target price per share for ITUP which would give it a $1.6 billion valuation based on 16.2M shares outstanding. When you add up all the parts plus the business and net assets that ITUP reported already 2 years ago then it isn't hard to see why this could be a realistic and fair assumption.
Now lets move on to the vertical companies. And let me provide some context here first. The valuations below are feasible if
1) we execute as planned.
2) our partners don't screw up
3) we can get the financing to develop all these projects
Although the company has been struggling a bit in the past, it's looking pretty good now IMO.
Then, the below numbers are feasible. And you can see how ITUP relates to the other (vertical) companies. And learn a few more things. (Let's assume a 3 year time horizon on this).
Be very careful which option you choose. One is ok. the other one is a potential disaster.
You will reap what you sow .....
Yes, but you can't vote for an option. You have to choose an option
You will get twice as much in dividends if you choose option 1. Until they have more SPAC's. But we don't know when or how. Even Laxmi admitted today that if you are > 75 years of age then it probably makes sense to choose option 1.
Yes, it's the 4,000,000 CoW shares that are allocated to 16.2M ITUP shares. And you get 1:1 vertical shares on these CoW shares = 4 vertical shares for every 16.2 ITUP shares. If you choose option 1. For option 2 it is 1 vertical share for every 2 CoW shares, for now.
And you have to pay $0.01 per vertical share as well here. But all that will become clear once a decision has been made on the ratio (option 1 or 2). I hope. lol.
It is not a toss-up Snow. If you prefer near term value then you should vote for option 1 as you will get twice as much in dividends from your CoW shares. If you go for option 2 though, you will received less in dividends for now, but 2.5x more in the long run.
If you don't care then don't vote.
I voted for option 1 because I'm not very fond of these offerings in general. And we will have another 4 with 4 additional SPAC's with option 2, adding complexity that I do not want.
It is complicated, that is why I have simplified it for you in my earlier post.
It's just that Laxmi and I both have stated several times that you are entitled to 1 vertical share for every Cow share. So we have to keep that option alive.
If you don't have a preference then simply don't vote. Some may have a preference if they need the money now. Others may go for longer term value. But we are not going to toss a coin. This will all be over in a couple of days.
Yes.
All, this is about the Cow Capital (CCAC) shares that are owned by some investors. Also for the ITUP shareholders because you automatically qualify for some CCAC shares through IREEM.
You were promised 1 vertical share for every 1 CCAC share you own (1:1). But recently this was changed by management to 1 vertical share for every 2 CCAC shares (1:2). And the reason is, we have only 1 SPAC defined now, and are working towards 5 of them in the future. So you will be offered future vertical shares on all 5 SPAC's although the price will probably be higher than $0.01 per share. Or you can give up the rights to those future shares and take the 1:1 now.
In short,
option 1 = 1 for 1 with higher dividends near term
option 2 = 1 for 2 with higher dividends long term
You can vote for which option you prefer in this link, if you want to. Or send an email to IR@mydhan.io
https://forms.gle/KVvvjiGoGPFfpiG56
When all votes are counted, a final decision will be made that will affect everyone the same way. And you will also know how many vertical shares you will get, and how many shares you will have to pay $0.01 for.
You can vote until nov 3.
That is all. Thank you.
Yes, that is the correct address. Should work perfectly.
A confirmation of receipt still won't help you much. Because you still can't be certain that it is being processed correctly.
Best to be patient now.
Fedel,
I could ask Likhitha to send you a confirmation but that is not going to work with 100's of shareholders. And she is extremely busy as well. What you can do is copy and paste the email address that you used on here, so we can verify that it is 100% correct. Then there should be no issue. It doesn't help to send more emails every day.
He is busy karlacorn, with sales. And as of tomorrow he will be even more busy. Busy busy busy....
I have some time because I work efficiently
There are no further updates. On Nov 30 they will ask for your bank account details, as mentioned before. Probably use the same email address as before.
That work is starting now, for Palm Oil. Aquaculture will follow in december. Not my job though to raise the money. I am the analyst.
A maximum of 25% per project can come from our IRA accounts. Another 25% from strategics and new investors. And the remaining 50% dollar for dollar match from one of our partners/investors.
That's why we are ramping up from 40,000 to 140,000 IRA accounts in just 6 months. At least that's the plan.
Palm should sell really well. For $15,000 (expenses paid) you will own 1 hectare of oil palm plantations. In most countries 1 hectare of land alone will cost you more. And you will own the land in Nigeria which is not possible in India. And Aquaculture is in a category of its own with a very high alpha factor. This project is one of its kind in the world today. Never done before. Let's see if we can get some tax benefits from the Anambra government. The date for our trip will be planned tomorrow. This is a huge development not just for us but for the whole of Nigeria. Exciting times for sure.
I don't understand what you are suggesting. You sent a letter? You should send them an email to this email address. And tell them what and how many shares you own. Your full name. And say you owned them as of September 15, 2023. Your ITUP shares, you Cow Capital shares, and vertical shares if you own any.
IR@mydhan.io
Some people received confirmation of receipt. But not everyone as far as I know. Just make sure you use the right email address. Copy/paste it, or check it 3 times if you have used the right address.
I can give you an overview now of the projects we will be doing in Africa / Nigeria.
The brochure that I posted earlier describes 3 projects and is targeted for the Anambra Government.
We will be doing 2 more projects (Rice and Sugarcane) in neighbouring states.
Disclaimer : Financial projections are estimates and not guaranteed.
Actually, we will change "subsidiary" to "associate company". Good that you mention it.
Let him suck on it some more.
Price per token, verified.
RISO / PADDY / BOOZ / AERO = $100
GOLD = $75
AROZ = $27
Let the sales numbers speak for themselves. If anyone wants to keep track of how the token sales are going, I think you can. By following our tokens on etherscan. There is a delay of perhaps 3-4 weeks I was told. Anyway, we should see some sales coming through soon, on the first 2 at least.
Gold SWIM (income multiplier) - GOLD
https://etherscan.io/token/0x5f08823D75abcD3cff5F3bEd7449aa0aCa71c86e
Rice SWIM - RISO
https://etherscan.io/token/0xb87CF5b60111A7145ddfcFcBD2D809088085E056
Also active, we have Rice Utility Token where rice is delivered physically- AROZ
https://etherscan.io/token/0x0DB7cDE0A2E50b14d7BDafF2cedeF73485455012
And we have Rice Farming where you can invest in 1/12th of an acre - PADDY
https://etherscan.io/token/0x251F9164815e63e12C2816be7246a6d58261d40b
We have whiskey - BOOZ
https://etherscan.io/token/0xe09aab8e1ddf6d37364c94d6de42aea28c618ed6
And we have aviation starting soon - AERO
https://etherscan.io/token/0x064774df70688825Db7D0CEcc46488A18ca7AE9F
Next will be Palm in Africa. Aquaculture in Africa. And Food carts.All 3 are big developments. They will start this year or early next year.
Some people have already received confirmation. But they own only one type of stock so it was easy to process.
Keep a watchful eye on this. Also, double and triple check the email address that you used.
The email address is valid.
IR@mydhan.io
https://www.mydhan.io is the company website where we sell tokens.
You are going to have to communicate with the company in which you own shares.
So I would suggest submitting the requested info.
Yes, one cent per share. Multiplied by 9 verticals = 9 cents per vertical share
Yes.
I think you paid $0.09 per vertical share in July with the $715.05 = 7,945 vertical shares
Don't know about the other $6,300. If it is the same then that's another 70,000 vertical shares.
I can't verify whether the vertical shares you bought directly (70,000) is correct.
But yes, the $15,000 you paid is for Units of IREEM at $90 which entitle you to 600 shares of CoW Capital.
15,000 / 90 x 600 = 100,000 CoW capital shares which entitle you to 100,000 vertical shares (1 for 1)
Also add the ITUP shares you own. Those too will receive one vertical share for every ITUP share you own.
You should mentioned the number of CoW Capital shares and the number of ITUP shares. Those will entitle you to vertical shares. And the vertical shares you bought directly. It is not about your IREEM shares.
Snow, they are distributing the vertical shares. 4 new private companies
- Rice
- Whiskey
- Gold
- Aviation.
And more to follow.
These are the companies that wil pay the cash dividends. First one on dec 22.
We need to verify your holdings, so we can verify how many vertical shares you should receive.
For this, we need to know
- your ITUP shares if you have any
- The number of Cow Capital shares that you subscribed for through IREEM
- If you purchased vertical shares directly.
- if you subscribed for more shares (either ITUP or COW)
Everything you own.
On November 30th they will ask for your address and bank account details as well. For the dividends. Presumably they will use the same email address for that.
The cash dividends is very easy to understand.
The vertical companies have 100M shares each(or tokens).
16.2M will be assigned to 16.2M ITUP shares (1:1) and
10.0M will be assigned to 10.0M CCAC shares (1:1)
The dividend will be paid by the vertical companies combined.
$0.15 per share (token) in december.
The complexity begins when figuring out what exactly you own.
You will owns tokens of these 4 companies and they have substructures, more series, more product tokens. And more and more will be added.
I am only showing the first 10 shareholders on the list.
Yes Punchi. We already discussed this on June 16 on Telegram.
You will get 48,800 x $0.15 dividend in december if they pay out $0.15
All the vertical companies have 100M shares. So the dividend if they pay $0.15 will cost $15M.