Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lol yes!!
Enough room for a small army of financial warriors to make waves in the world’s economic oceans, that’s for sure
Looks good to me
(From Laxmi)
Dear All,
Fresh updates,
(a) We have moved to Atherton CA - pulling sleeves up...
(b) MyGoldGrams website should be up by this Diwali day, if not from November 1 it looks quite certain
(c) Financial Forecasting for WM IPO is complete (you may follow the attachment) - We should now move towards S-1 Filing. We are very hopeful of filing s-1 within 30 days from today.
(d) Induction of Director -- I will be discussing with Mark Zorko for inducting him onto the Board of Cow Capital - Being Public we need to have at least 50% independent Directors. Once the combination happens, I will want to absorb him as CFO as Mark is well exposed to handle Public Company Financial Administration.
We will be adding new directors as we are now moving closer to the IPO Filing.
(e) WM Firm Launch -- Masala Capital Inc WM firm that will later merge into Cow Cap is ready to take off... As discussed earlier, Kautilya will head this responsibility as Principal. I request all US Primary shareholders of ITUP to become licensed to support the fast track we are adopting now to roll WM business into Asset Digitization.
(f) Warrants Private Placement -- From Monday, we will roll out Private Placement -- We will be placing $9.0 Million in Warrants Subscription towards Cow Capital Working Capital until combination plus $4.50 M towards WM activity and Office Lease sign up.
(g) Office Space -- We have short-listed a couple of offices in the Santa Clara and Alvisa area near to Levi's Stadium -- Rent appears quite reasonable with ample building and open space.
We are negotiating The Quad at Tasman, Bunker Hill Lane Santa Clara -- It is like a campus with 2 buildings at 15.50 per RSF NNN and another 2 around 23.40 per RST NNN. Our Ask is $1.50 per RSF NNN flat and we agreed to lease the space for 7 years with 5 years lock-in. Their Rental escalation is 5% p.a. and we are asking 6% every alternate year or 3% p.a.. Entire setup should be plug & Play and we pay a rental deposit for the same along with Office rental.
We are negotiating all the 4 buildings that totals about 285,000 Sq. Ft space with enough room for people on-campus.
This will jump start our WM activity into Gold, Real Estate, Farming, Food, Whisky & Wine and Aviation Seats
Assuming a minimum of 95,000 and max of 285,000 space availability, this will help us plan and station around 300-900 employees working out of the campus beginning 2023...Part of lease negotiation, we have asked 4-6 months rental moratorium and agreed for 6 months rental deposit. Their ask is 10-12 months as we are a start up firm.
If this negotiation fails we are looking for either 210/230 W Tasman Drive San Jose (95,484 RSF) 2.45 per SQ FT NNN
or 2300 Orchard Parkway San Jose CA (116,381 SQ FT -- $2.40 per SQ FT NNN.
(h) Dividend Payout -- We are still waiting for shareholders data from Cede & Co as it has masked market participants stock details. We have engaged a service provider who should answer us back this Monday on when they will be able to provide us complete data. From the time and date we receive this update, we will be needing 14 days for Board Approval + 10 days Finra. Assuming we get updated with data on Monday/Tuesday, this means 24 days from 17/18 October which is 10/11 November. We are delayed by 1 month but this is purely on technical grounds.
(i) Exiting shareholders of ITUP -- They are given Oct 31 2022 as exit dates but their payouts will now happen around Nov 15, 2022.
We do not see any additional postponements and I will be releasing Promissory Notes to them next week dating amounts and payable by November 30, 2022. Rest all shareholders of ITUP will receive their certificates, dividends and shares in Cow Capital once the record date gets fixed upon release of data by Cede & Co.
(j) Asset Digitization -- We will start working with Digishares from Next Week on WM Product Digitization
As discussed earlier, we will be digitizing Gold Grams, Farm Acres, Real Estate (Hospitality and Healthcare), Whisky & Wine, Food Carts and Aviation Seats.
Will write further updates in a few days,
Attachment ---WM Financial Forecast 2022-23
Laxmi Prasad, BS (Acct) ACA (India) CPA (US)
Chairman Interups Inc
CEO & CGO - Cow Capital
5 James Avenue
Atherton CA 94027
+ 1 (646) 575 9161 (M)
Skype: Siriprasad66
Fair enough
How soon do you imagine before the public is able to purchase & trade our assets? A potential year’s worth of forum history could generate a fair amount of interest by the time our uplist arrives. That forum could always be integrated/redirected later into the Masala website. It’s also a huge confidence booster to prospective investors if we have an existing archive of data & research to draw from.
Their vodka is superb..super clean! & my sister who lives near Seattle constantly has cool wine labels to show off. Such an interesting and tasty industry haha
A related niche industry thrived on Maui after the island’s commercial sugar cane operations came to an end..
“From a family start-up to a growing enterprise, Hawai‘i Sea Spirits has grown its extended family to include experts in farming, distilling, operations, marketing, sales and more.
Through the production of award-winning distilled spirits to the tours given on our 80-acre organic farm, we always extend a heartfelt aloha. We play in the dirt and cultivate more than 30 species of Polynesian sugar cane under the tropical sun. The sunlight also helps provide power for our facility, which is situated on the beautiful slopes of Haleakala in Kula, Maui. This home away from home offers breathtaking views and is open seven days a week with guided tours, product sampling, and a retail store featuring our spirits and merchandise.”
https://oceanvodka.com/our-story/
The seeds are super tasty and nutritious! Hemp plants can also be used to clean/regenerate soil previously polluted with chemicals and fertilizers. It truly is a miracle crop with nearly unlimited applications.
https://grist.org/science/pfas-is-contaminating-farms-can-hemp-help/
That’s the primary reason for my small interest in that other company
Could honestly digitize/fractionalize any collectible..cars, motos, artwork, jewelry..anything rare & related to industry, sports, pop-culture, politics, historic significance, etc. The sky’s the limit as they say
Sure is crazy how much some of that stuff sells for at auction. I’d imagine there’s plenty big-ticket Bollywood & cricket memorabilia/rarities.
(older article, but relevant)
https://sports.ndtv.com/world-cup-2011/indian-teams-world-cup-memorabilia-to-be-auctioned-1560006
& yes! Only a few short weeks til Diwali divvy day! I honestly wish I could throw it all back into warrants, but the farm needs some love too haha
Enjoy that new killer grill, my friend!
A company in which I have a small vested interest is in the business of auctioning high-end sports memorabilia. They’re collaborating with another Pink company to digitize & fractionalize these collectibles. Perhaps there’s an untapped market for similar Indian collectibles to add to our tokenization efforts?
Costa Mesa, CA, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Digital Distro, Inc./Universal Systems, Inc. (OTC: UVSS) is proud to announce that it has completed a Memorandum of Understanding with Infinite Auctions, LLC to launch next generation High End Sports Memorabilia NFTs. The MOU comes after several months of requirements definition, conceptual design, and back-end prototype development to prove the viability of the platform. Both parties have decided to move forward with the project and the signing of the MOU allows for the continuation of art design, film production, and development of the front-end interface, tokenization, and transaction routing.
Marshall Perkins, CEO of Infinite Auctions, Inc., states, “Our goal is to provide sports memorabilia collectors with dynamic, immersive, one-of-a-kind digital media experiences through NFT's. The advanced utilities within Digital Distro's technology offering provide us the flexibility to implement some complex strategies we have not seen in other platforms, and to tie those digital experiences with real world experiences to bring the overall sports memorabilia experience to a whole new level.” Andrew Lane, CEO of Digital Distro, Inc. states “We’re very excited to be working with Infinite Auctions and Marshall Perkins. Mr. Perkins’ knowledge and experience in the sports memorabilia industry has been instrumental in the design and implementation of digital media experiences within an NFT. We firmly believe that we are jointly creating a sports memorabilia platform that highlights the worth of these on-of-a-kind sports items and provides a one-of-a-kind experience for the collectors of these items.
The companies will jointly host a dinner, exhibit booth, and present at the Web 3 Expo in Las Vegas, Nevada, from October 10-13, 2022, where they will be sharing their vision with some of the leading visionaries, speakers, personalities, and investors in the Web 3 space. Both companies intend to provide separate announcements with additional details about the project as it progresses.
Infinite Auctions provides an online platform for memorabilia collectors and professional athletes to consign and sell high valued collectibles in a secure online auction format. Memorabilia auctions and high value collectible sales will remain the company’s core business. Infinite Auctions has previously announced that it will be acquired by Medical Care Technologies, Inc. (OTC: MDCE). That acquisition is on track to close later this week.
Given that the joint development efforts have progressed rapidly, both entities have moved forward with drafting a Joint Venture and Operating Agreement for revenue distribution and ownership of developed assets. The MOU will serve as the basis for a final agreement to be hammered out over the next few weeks.
About Digital Distro, Inc.
Digital Distro Solutions/Universal Systems, Inc. (OTC: UVSS) is a subsidiary of Critical Solutions, Inc. and is a multi-media (film and music) production, distribution, web3 consulting provider. Our processes and partnerships revolutionize industries such as entertainment, event management, healthcare, and sports memorabilia. Digital Distro, Inc. is the proud owner of www.TheDailyCrypto.io providing news and education for the Entertainment, Blockchain, and Sports industries.
The company has updated its Twitter address to https://twitter.com/Digi_Distro.
About Infinite Auctions LLC.
Infinite Auctions provides an online platform for memorabilia collectors and professional athletes to consign and sell high valued collectibles in a secure online auction format. Infinite Auctions specializes in the auctioning of game-worn sports memorabilia, including jerseys, helmets, bats, and other items worn or used by athletes in professional sporting events. The company also auctions high-end sports cards, trading cards, fine autographs, Americana, and other valuable antiquities. Infinite Auctions also offers a private sale brokering program that connects sellers and buyers outside of auction for quicker sales.
About Medical Care Technologies, Inc.
Medical Care Technologies, Inc. seeks to capitalize on the fast-growing memorabilia and collectibles market by consolidating companies in the collectibles space and acquiring high value collectible assets. The company is negotiating multiple joint ventures and developing new platforms to create additional revenue streams from our memorabilia asset portfolio.
Contact Information:
Universal Systems, Inc.
1-800-395- 6811
ir@digitaldistrosolutions.com
https://www.globenewswire.com/news-release/2022/10/04/2528073/0/en/Digital-Distro-Inc-OTC-UVSS-and-Medical-Care-Tech-Inc-Infinite-Auctions-LLC-OTC-MDCE-Announce-MOU-for-Future-Launch-of-Sports-Memorabilia-NFT-Platform.html
AUSTRALIA, AND INDIA CONDUCT FTA NEGOTIATIONS: A delegation from Australia arrived in Delhi for talks on a Comprehensive Economic Cooperation Agreement (CECA). Australian officials say the agreement will build and strengthen cooperation between the countries and help secure critical mineral trade through cooperation on rare earth exploitation projects, including lithium and cobalt mining and trade. The move will also provide an overseas market for Indian goods by removing duty fees from 95% of Indian goods shipped to Australia, which is expected to double trade over the next five years.
https://www.india-briefing.com/news/india-fta-negotiations-interim-agreements-status-update-2022-23513.html/
Looks like a breakout to me
$MDCE
Such a brilliant idea, hiring those with a vested interest in the company! Many congrats on your new position
I’d be happy to trade your share count for mine if you’d like a lower average cost
Some entertainment while we wait
Outstanding update!! Many thanks Laxmi for your hard work, diligence and tenacity. And yes, we will celebrate accordingly after the IPO
As we say in Hawaii..
Hau'oli La Hanau Likhitha!
Will look forward to updates later today
I like that idea :)
India's gold imports in May jumped 677% from a year ago to the highest level in a year as correction in prices just before a key festival and wedding season boosted retail jewellery purchases, a government source said on Monday.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , but the surge could increase India's trade deficit and put pressure on ailing rupee .
India imported 101 tonnes of gold in May, compared to 13 tonnes a year earlier, the source said on Monday on condition of anonymity as he is not authorised to speak to media.
In value terms, May imports surged to $5.83 billion from $678 million a year ago, he said.
"Retail consumers were waiting for price correction. As prices corrected during Akshaya Tritiya festival, they rushed to jewellery shops," said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the eastern Indian city of Kolkata.
Buying gold is considered auspicious during the annual Hindu and Jain festival, celebrated in the first week of May.
Local gold futures fell to 49,572 rupees per 10 grams in May, the lowest in nearly three months.
Demand for gold was also improved last month because of wedding season as lots of weddings were postponed to 2022 from the last year because of restrictions imposed to curb the spread of COVID-19 infections, said a Mumbai-based dealer with a private bullion importing bank.
Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings.
India's gold imports in June could fall below 60 tonnes as demand has started to falter due to the recent rebound in prices, the dealer said.
https://www.reuters.com/markets/commodities/indias-may-gold-imports-surge-multifold-prices-correct-before-key-festival-2022-06-06/#:~:text=MUMBAI,%20June%206%20(Reuters),government%20source%20said%20on%20Monday
Haha yessir! It’s a mesmerizing sight for sure
Best of luck with your oil plays!
Here’s a better link for ya:
https://photos.app.goo.gl/V1dQgGfXMXbp3cJg9
From Laxmi:
This is our specially fabricated 100g Gold Bar — likewise we will be producing 1g, 5g, 10g, 25g, 50g and 1 kilo gold bars. I request you to kindly circulate this among our investors.
https://www.linkedin.com/dms/D5606AQE6Go8ZsnfHtA/messaging-attachmentFile/0/1654207594440?m=AQI-uSv5DXEhogAAAYEmtE-yluvF60-RjSAqbDU5pTuAmGpFGOZEiffO7Q&e=1654298160&v=beta&t=5S6kG54YxKa-BtlEBPcLbhXF8k_uJDNnDDJbokNmhzc
I remember thinking I was hot stuff the first time I bought a used car on eBay sight unseen lol
Aloha & cheers to that!
I specified “ITUP” shares for just that reason. If I’m incorrect in my assumption, I’d imagine Laxmi will clarify. And as I stated, I’m only planning for a “worst case” scenario. Good to have bases covered at this point in the “game”
My question to Laxmi via email:
Dear Laxmi, I have a hypothetical question…suppose the US dollar becomes essentially worthless due to inflation/dilution. Would there be a way to exchange our shares for tokenized assets in lieu of “cashing them out” for USDs? Many thanks for your time.
Laxmi’s response:
I am writing this responding to your question if there would be any possibility to exchange assets in lieu of currency.....
Yes, and this is exactly the role of gold, rice, wheat and palm oil and lithium.
Other assets like airline seats, solar panels & container cubic volume have depreciation effects counterbalanced by yearly logistics costs.
But the primary assets never lose their value on account of asset depreciation or erosion except when natural calamities or other force majeure conditions hit them hard.
Meaning, These assets do not wipe off their capital totally, though may fluctuate in value, but the holder will have flexibility to swap their assets with other assets through segmented tokens...
The whole idea of digitization is to make these assets tradable universally.
Hope it clarifies. Please kindly let me know if you need any deeper assessment.
Laxmi Prasad
My reply:
One further clarification, if I may ask…if our ITUP shares were to be converted to tokens in lieu of currency, could those tokenized assets then be exchanged for physical gold? I only ask in preparation for a “worst-case scenario." Again, thank you for your time, Laxmi.
Laxmi’s response:
Yes and I knew this question comes.
The main purpose of introducing Gold is to create that ability for our shareholders and customers to safe haven their positions in critical times into Gold — whether to use that as income generating asset or absorbed as physical assets is left to the individual.
Once the digital platform is live, all shareholders of ITUP will have net asset value (nav) of shares listed as their base capital and the underlying asset ( stock of cow capital) is placed with a registered and designated custodian).
It helps shareholders to swap their assets (Itup) shares for other assets enlisted on the platform (it may be gold or anything else). Or they may simply exit for money tokens to be placed into their digital wallet which could be drawn anytime anywhere in the world in with a corresponding currency.
Hope this clarifies. I will be obliged if you could post this response in the blog as it’s a very good question.
Laxmi Prasad
One of my favorite tropical trees, without a doubt
I miss the massive banyan tree on Maui…so amazing that one tree can take up so much space! They are a truly remarkable species..just as Masala will be a truly remarkable company
https://lahainatown.com/banyan-tree-park.php
Lol got a clean shot on one early this morning & hopefully he stays gone..destructive bastards they are!
I second that!
Ditto my friend
And thank you for your dedication to our business. Will look forward to our celebrations
Raw land and physical gold are the only true reserve-currencies remaining, in my humble opinion. I wish you and your investors the greatest of success
I have faith in the process. It’s going to be a tight year, but I have zero regrets regarding opportunity cost. Patience is virtuous.
Dear Laxmi,
I wish I could join the gold party, but I truly went all-in with ITUP, and have no money left to invest. Ok, back to farming my land now. Have a wonderful day
I should’ve though of that..my bad!
Out of curiosity, what the plans are for Taaza?
Subscribe to Ad free and enjoy an ad-free experience
Try Now
Keep the Ads