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It sure would be nice to disrupt the usual suspects in their strive to control everything.
ITUP is still acquiring a stake in the vertical companies. I believe it is 10%
Are you talking about the vertical cash grants, or are there also planned dividends for ITUP?
Might be important for LVerstee, being a "proxy" shareholder in ITUP (whatever that means), but not in the verticals.
I hope you'll receive a nice reply, not that it would matter much for the PPS, unless they announce a buy-out for $20+/share. Or a massive dividend, as they should.
Yes, it is a bit frustrating not being able to sell ITUP shares, if one would need the cash. Not sure if I remember correctly, but I think Laxmi has mentioned in the past that ITUP could buy back from individual investors and put in the treasury if requested. But I cannot find it here, cannot easily search ihub.
Anyway, we shouldn't need to consider the value of the ITUP shares. The money we're waiting on should have been cleared a long time ago, and cash grants should have been paid already. But we're still waiting, hopefully not for long. The cash grants, if paid quarterly as I think was promised back in the day, for me would cover the money I've put in after 4 cash grants. I assume the same holds true for most people here. I just hope we won't have to wait much longer.
We have a lot more, to the amount of some $400M+.
I count 15 ex-SIAF shareholders invested in MyCow now. Collectively this group owns close to 20% of MyCow.
13 Of them may acquire a substantial stake in HERB when gold tokens can be sold or when dividends are paid by MyCow.
... it is only a matter of time until we see HERB at $0.50 IMO. Not that the company has helped much.
That's quite interesting, and also nice in a way. It will not be possible to dump the prices below the asset value?
But there's no upper limit to the trading, right?
would be nice to see the payouts happen this week!
Well, that is one nice compensation package! You make roughly 6 times my yearly salary per month. 😅
Some questions regarding the stock options:
1. Is this a one time thing?
2. What is the strike price? Safe to assume $27?
3. Maturity / Expiration?
You'll be compensated with 0.25% even if the target is not achieved?
I do remember the regulars from SIAF/HERB/NUIN/ABPR/etc. But of course I don't know ROCKHard's personal financial situation, though I do know we all took a beating in one or more of those. Glad for ROCKHard, 10k tokens goes a long way at $27+. Not looking to debate it, just wanted to raise the questions as I do suspect others might come knocking.
This is a weird discussion. Someone who is NOT a shareholder, but lost money investing in ANOTHER company will be entitled to shares from the corporate social responsibility? That sounds iffy, and extremely unfair. What about everyone who has risked their money investing in this company, and continued to support and invest in CCAC/IREEM and the verticals (not to mention the numerous other things like the convertible, and direct investment in gold, rice etc...), despite the PPS of ITUP being non-existent? We're many who have lost a lot on SIAF who are on this board and have invested in this company. Are we also getting these sudden bonus shares? Showing up when something is materializing, though with absolute ZERO skin in the game, and demand a piece of the pie... jfc.
RD, you got a sweet deal, and I don't deny anyone to do as they like with their own property. It's a different thing when you open up the company's wallet. ROCKHard wants to paint losing money in SIAF as your fault, which is ridiculous (you already know this, and how many times have I read on the SIAF board where you tell people off, reminding them that if they had followed you actual advise, they would never have lost any money?). And, of course now there's a $27 valuation and that probably makes it a bit tricky, even though it's just tokens and I assume as such, could be transferred freely to any compatible wallet (I guess gift tax would be applicable though, which might be quite substantial).
Nice! Hope it will be finished promptly. Safe travels!
For the desk space pricing, 48,500 INR per month? About USD580? I'm not an expert, but it sounds a bit pricey?
That's a real nice ROI. Too bad we cannot bet on Bruce Willis anymore, at least not at the moment. We'll have to wait for the AI-version. He's one of my favorite actors. Sad to see him falling ill, the last movie I saw him in... he shouldn't have been acting at that point, felt like they just wanted to put his name on the poster one last time, to squeeze out some extra green.
I feel your pain, we all do. Calling it a disappointment is an understatement.
I just hope it will finally get done, before the end of April.
Of course, problems might always appear. But the kind of problems that can appear at this time should be very limited, since the money is literally in the bank.
I understand your position, there has been delay upon delay. Personally remaining bullish. The previous problems that you mentioned have been explained. Right now, the cash is actually there. The remaining step is setting up the bank details in Hong Kong, which needs to be done in person. This will be done within a week, as I understand it. Once that is done, finally wire the money to the shareholders. There shouldn't be any more room left for hitherto unknown problems.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174129750
Snow, I don't think that one is applicable anymore. Because of this issue, Laxmi decided to sell assets in India. The money from that asset sale is what is now being remitted to Hong Kong and USA.
Of course, that is perfectly fine. And kudos to Laxmi for doing that!
It is just difficult to see this from the outside, and a target window (e.g. quarters or half/full year goals) helps the investor keep their nerves. Personally, I'm not worried (having you hands-on inside the company helps a lot for my personal mental health related to this investment), but there seems to be some anxiety elsewhere. I'm confident this will be resolved soon. It seems so close now. The money is finally in accounts outside of India. Hopefully there's just the formalities in Hong Kong left.
We are close to 76M RISO tokens issued and we should be done.
cocoa plantations
It sucks that it keeps getting delayed. In the future, I hope Laxmi will set less firm target dates.
If he had said from the beginning, that he's aiming to pay a first cash grant during Q1, at the very latest early Q2. No one would be disappointed if the company already paid in mid January, or February, even March, or as now, the latest target, Early to mid May. I wonder if he does it just to put pressure on himself.
Good for you, RD! The compensation you'll receive is extraordinary. Going for 4.99% ownership? 😁
I'm happy with the amount I will get as well, but I will not have room for buying more HERB. Basically need to rebuild my portfolio since ITUP and the verticals have sucked up most of my net worth in the past few years. If I could go back in time, I'd buy a lot less ITUP, and put more into direct subscription in the verticals. If we only knew then, what we know now...
I might revisit increasing my stake in HERB if it's still at depressed levels at the end of the year. What I have now (125k+ shares) is still more than enough, if we ever would get fair value for our shares.
My memory is quite bad, but can't you use TradeStation? Not a fan of the interface, but at least it works and I think the minimum deposit is not that much. Not like the USD25,000 mentioned for Schwab. Opened an account a few years back to be able to buy ITUP and (some more) HERB.
Awesome! Thanks for the info!
Will not touch it then.
Really good news! Money is finally coming in. 💵 Though I'd like to hear it's in the company's US account before celebrating...
Then I guess one should make sure to add wire/account information at mycow now, for a CASH dividend payout on March 19th? I've already supplied the company with my bank account information a few months ago, but I assume it is still necessary to fill it out on mycow.
I sure did! Considering the potential, it would make sense to acquire a portion. But given that we've seen nothing concrete materialize, in terms of value, for...12+ years? It's also understandable if they don't.
It's really difficult to know what happens since all has been off the books for awhile now. I always thought they hid it in Equity Art to do some magic by spinning it off, give it to the shareholders, and then a buy-out offer or something would appear and make those assets disappear. Since those assets are somehow sensitive. Maybe the plan is different now. I wonder if we'll ever see some hard cash in hand, in form of a dividend or buy-out offer.
Now this is exciting! Equity Art, and I guess Jove, has been known from before. But Jove was also not mentioned in the filings as an off balance sheet asset before.
One can only speculate whether the plantations are in Yasheng Group LLC or Yasheng Group (BVI)...
Is BVI the British Virgin Islands?
I have a general question about the utility tokens... They're supposed to be burnt upon delivery, right? Is that even possible, to burn tokens in someone else's wallet? And, for example, if they are now issuing utility tokens and putting in our wallets as a collateral, that I understand are meant to be burnt and replaced with cash if available on or before March 15th (?). How does that work? I guess we'll see. I just wonder about the technical stuff, since I'm new to crypto. I really don't understand how it will work, as a wallet is supposed to only be accessible with the private key. Maybe there is some kind of process of signing an agreement for the exchange, as Ethereum is some kind of contract?
Crypto wallets cannot hold cash, right? So there must be a link to a bank account somehow as well. Or will the exchange be for an equivalent value in Bitcoin/Ethereum?
Sorry for him, but good for the business. 🥊 Less risk of increasing the CTE damage that comes with that kind of sport.
All the "hidden assets" aka off balance sheet assets are bundled up and stowed away in Equity Art Corp Ltd, right? And currently this should be way north of USD 2.5 billion, which is quite remarkable. More than 90% of the assets are kept off balance sheet.
100% he's reading a teleprompter, but I guess that's to be expected. I would think someone else wrote the statement. I guess his qualifications is as aandt mentioned, a background in politics, and philanthropy (farming/education/environmental issues/...). It makes sense tbh, if he's recognized as a man of the people, and have been focusing on these things. He really could open a lot of doors for HERB.
I believe many of us, including myself, overlook the fact that we're early investors. Meaning that risk/reward is high, and that it might take "a little while" for the value to materialize. Who on this board has been invited as early investors in new entities/companies before? Usually retail won't get to invest at these levels, but have to wait for an IPO.
Why does it have to be gmail?
Don't know if they would be able even if you could get them on the phone...
If you have Google One subscription, you can probably get an English speaker on the phone within 2-3 minutes. Otherwise I guess you'll have to use email/chat. (At least I think you need a subscription for it...)
The Gmail recovery is usually a breeze, but it does require you to have setup a phone number and/or backup email for the process to work.
I guess we will not know until Monday... Even if we get some sort of confirmation on the 16th, I will not trust it until the cash is in the US account. I do not trust regulators to act swiftly. Even if they do release the money on the 16th, who says it won't be held at the receiving end for a few days? It is a lot of money after all. Remaining bullish overall of course! Just don't count the chickens just yet...
Cash payout delayed until 19th of March then. I will opt for cash in hand.
I cannot find it now, but I think there was a list of countries to which it is possible to get the gold delivered, and my country was not on that list. If it was, I'd feel more at ease taking tokens. But until the trading platform is in place, and performs well, I will take cash. 💵
Wasn't Laxmi saying they'd escrow everything except whatever amount needed to cover salaries/dividends/other spending? Maybe that also depends on the actual release date. I mean, if you actually do get the money around February 16th, then why not escrow it all?
Source: My Gold Grams