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.
And this guy thinks he is not fraud -- and I know all his barking is for what reasons -- Amusing 2 useless creatures popping out of their graveyards now and then thinking they are live still -- people declared them dead already....
Yes I do have a shit load dumped into your M----
I just do not know how these scavengers exist...
Quite a puzzle as these bastards are economic criminals in realism...
Waste of their existence ...
And i will not waste my time on these scavengers...
I will update once we have the mail Snow and will communicate with them in setting up this process..
And this guy has been ocean load of manipulator ever since I know him...
He has been what he has been ...
god save him...
I do not need to waste my time on this junk, unborn human...
No matter even if he spills his extra shit eating, world will not listen to their fraudulent bullshit here...
As I have already written,
Bastard creatures have no bigger vision or mindset than eating piggy shit and falling out of their junkyards now and then once their smell is unbearable to themselves...
The group ignores these bastards but they still come back now and then to show their existence thinking they have hidden their identity but world knows them well and their objective destruction ....
For them those graveyards, junkyards and the shit offers food and they do not have anything above this to discuss the economic realties the world is wanting all of us to move it ...because they are not human borne at all but pigs ....
Both of you communicate to each other and share likes as I do not see you both more than emerging out of graveyards....
We the group have no time for bastards ...
I have already called one a bastard ...
No more words for him...I have...
As i have written to him already that whenever he writes anything, it reminds others of his unfaithful birth...
for no sin of his mother...
Cant waste my time anymore for this creature that now and then peeps out of its junk yard ...
For sure Snow, It's so noble of you to be donating these tokens for social cause, and I will update Likhitha to check for mail from the African foundation.
Yes RD
Dear Snow,
$27 per token is derived as below
(EPS in 5 years discounted for today's Present Value)/100,000,000 * 18 PE Multiple) -- Industry Average 34.23 forward PE per NYU stern school of business)
Each $27.54 token is covered by equivalent grains of gold measured in fluctuating market value to present current valuation of Assets in accuracy...
Dear Karlacorn3 and all,
We are updated that we will be cleared of 1 layer of regulatory before Tuesday working hours end in India,
My responses in red,
Some questions regarding the stock options:
1. Is this a one time thing?
Per Vertical, Yes, this is a one time offer on every vertical
2. What is the strike price? Safe to assume $27?
It is $27 for rice and $27.54 for Gold
3. Maturity / Expiration?
it follows Internal Revenue Code with 10 Years Life, to be tax qualified.
One thing is certain - payments will be out -- clearance removes(d) the air -- and the credit is just procedural and so the process time...
We can expect payout in confirmation...
Will anyway update later in the night or early hours!
Dear All, The following shall be my personal compensation draw for the Financial Year June 1 2024 to May 31 2025 as agreed to by the bankers group. Overall Compensation including fixed pay and allowances shall not to exceed 0.40% of the achieved revenue and any deficit adjustments will be made out from variable payouts.
Fixed $ 4,032,000 0.05185%
House $ 1,008,000 0.01296%
Vehicle Lease $ 144,000 0.00185%
Variable Comp $10,368,000 0.13333%
$15,552,000 0.40000%
Gross Minimum Revenue Target $7,776,000,000
Gross Monthly Revenue Target $648,000,000
Gross Monthly Revenue per Vertical
(9 verticals) $ 72,000,000
Variable > $864 M Sales/Vertical 0.10%
Stocks options 1,080,000 per vertical for the financial year 2024-25 and First Right of Refusal to purchase any unfilled Founders Capital in any of the verticals including any firms floated in partnership with the banking group (not exceeding 4% of the overall equity in each of the entities / Associated / Partnered entities.
Management Responsibility: Overall management responsibility on 9 Verticals + Research & Introduction of new Verticals + Introduction of new Markets & undertaking expansion globally + Registration of 6 AMCs during the Financial year, one for each segmented Verticals and Direct Listing/M&A/Reverse Merger/Business Combination on Gold, Agriculture, Whiskey, Plane Seats, Food Carts and Real Estate + Networking with Governments, Banking & other large/micro financial institutions and working with Government's Village/District Working Force/administration for product distribution, financing and sourcing.
Quite a motivating compensation Structure and a very challenging & Dynamic responsibility entrusted and I seek blessings from you all and the Lord to bless me with enough strength, confidence, efficiency and leadership ability to surpass expectations set on me and my performance capability,
Sincerely,
Laxmi Prasad
May 26, 2024
Good Morning Karlacorn, We will know tonight US Time (Monday India Time) and I will update back...
which contract you are expecting >>>
and on the points ---
(1) its not 1 token of the vertical for itup share owned but based on a formula for which voting was conducted and that too, for those who subscribed to the verticals paying $0.01 per token allowed as eligible subscription
(2) Same as one ...
(3) It is not a dividend payout but cash grant and I have discussed many times of the wait and progress we are following...and nothing can be done until we cross through some fundamental steps...
(4) Further this is now not just one payout but 2 at a minimum....
It is not just this that should be the subject of discussion --
As an organization and as a shareholder, the running of the organization takes paramount importance than our sole focus on cash payout to the shareholders...
Bluntly the company can choice not to pay to the shareholder and simply create market value per token distributed...But we have a different perception of this in our choice to pay to the shareholders.... And in fact we will be moving this to monthly payout...
SO it is erroneous to think that I should just limit my discussion to cash payout...Also it is not wise to stop discussing everything else until cash payout gets in....
I will be discussing everything and anything including our updates on cash payouts... If the rest of the matters do sound important to you, please ignore and not comment but as the head of the group and as a cofounder, it turns my responsibility to discuss every bit of progress it is immaterial whether we progress on some and do not progress on some....
Thanking you,
Laxmi Prasad
And to achieve those deliverables I am sure you will agree with me Karlacorn that Organization should now pull its focus and attention towards sales & performance and plan its ways and means to consolidate on cash flows that will sustainably help it deliver the promised. Otherwise even mountains of capital will melt away. And in delivering this performance, at least until we find a new leader / train possible successors that will be able to handle this complex animal (our group), my role remains deep.
Next 3 years will be very critical for us -- we are just beginning our relationship with the banking group and promised them of introducing 37 financial products [each one is a vertical by itself). Launching this behemoth (action) at the levels we are anticipating will mean that my neurons will be picked and orchestrated round the clock globally as I have to set these verticals from a 360 degrees perspective.
With money expected to come in the coming weeks and sales and other relationships to concretize, I am advised to submit my compensation expectation and this is hence I have circulated my payout expectations. And following the money receipt, I will be working on team members compensation moving forward so they would sleeve into their responsibilities with gained energy levels.
I have opted for less fixed ($100,000 per month) and high variables (0.25% on Sales & 0.25% on AUM, payable as achieved) as my compensation but I am asked to submit another option also that calls for higher fixed and lower variables (which means committee is confident of high overall growth in our group). Summarizing the two options I have submitted today morning henceforth ---
Option 1:
(1) 1.08 M tokens in each of the 6 verticals (x 1.08 M tokens for every other vertical introduced)
(2) $100,000 Per Month Regular Compensation [Will have option to choose any portion of cash income in tokens at the prevailing market price]
(3) 0.25% of Gross Sale as Sales Compensation upto 648 M in sales per vertical; if Sales exceed $648 M, then 0.33333% compensation over and above $648 M
(4) 0.25% of AUM upto $108 B achievement by Dec 31, 2024 ($63.1579 B pro rated upto May 31, 2025); over and above: 0.33333% of such additional AUM.
Option 2:
(1) 1.08 M tokens in each of the 6 verticals (x 1.08 M tokens for every other vertical introduced)
(2) $450,000 Per Month Regular Compensation [Will have option to choose any portion of cash income in tokens at the prevailing market price]
(3) 0.11^% of Gross Sale as Sales Compensation upto 648 M in sales per vertical; if Sales exceed $648 M, then 0.166666% compensation over and above $648 M
(4) 0.125%^% of AUM upto $108 B achievement by Dec 31, 2024 ($63.1579 B pro rated upto May 31, 2025); over and above: 0.1666666% of such additional AUM.
Option 2 increases fixed by $4.2 M for 2024-25 but reduces variable heavily by 50% almost from 270 m to 135 m on a targeted achievement of 648 m in sales and AUM of 108 B...
Sincerely,
Laxmi Prasad
We have put 108 B as our targeted Assets Under Management by the end of 2025
I will be compensated with 0.25% of AUM achieved....
-----------
Technically we cannot write Targeted AUM as we are talking about 19 months to complete the target beginning June 1, 2025.
The reasonable inference to qualify for this additional cash compensation (on the top of 100K pm + 0.25% of Sales Generation) would be achieving $63.14 B in AUM by May 31, 2025 [100B*12 months/19 Months].
Summary Terms:
(1) 1.08 M tokens in each of the 6 verticals (x 1.08 M tokens for every other vertical introduced)
(2) $100,000 Per Month Regular Compensation [Will have option to choose any portion of cash income in tokens at the prevailing market price]
(3) 0.25% of Gross Sale as Sales Compensation upto 648 M in sales per vertical; if Sales exceed $648 M, then 0.33333% compensation over and above $648 M
(4) 0.25% of AUM upto $108 B achievement by Dec 31, 2024 ($63.1579 B pro rated upto May 31, 2025); over and above: 0.33333% of such additional AUM.
There is one unfinished line in my previous message --
We have put 108 B as our targeted Assets Under Management by the end of 2025
I will be compensated with 0.25% of AUM achieved....
Dear All -- I am proposing myself an additional 1.08 Million token units in each of the 6 verticals (Gold, Rice, Paddy, Whiskey, Food Carts, Plane Seats & Real Estate) as my 2024-25 June 1, 2024 to May 31 2025 non-cash compensatory award given the deals that we are working on with the governments on Gold, Rice and paddy and the efforts in progress on whiskey stocking arrangement and delivery distribution. Real Estate, we already are being given 34.6 acre lot in Ayodhya to invest into ....
This apart I will be drawing cash compensation in the amount of $100,000 per month + 0.25% of gross sales fulfillment (payable as realized) plus 0.25% of Assets Under Management (payable on 5/31/2025).
Laxmi Prasad
We have put 108 B as
perfectly read planning and the best thoughts Snow --
And I promise our best possible cooperation from our end!!
Laxmi Prasad
yes Karlacorn, It is just rice that is listed as of now and by this weekend, we will have SIRI (Gold) tokens -- Rest 4 verticals we will list after the money is credited.
We have issued for Rice on ethereum Karlacorn and in this week we will be releasing tokens on Gold as we can now begin gold trading for non-us persons.
The next on list is whiskey, real estate, Fractional Plane Seats and Food Carts. For these we will until the money clears as each issuance is expensive.
- We're soon to be approaching 6 months to monetization for those who bought in in December 2023 --- The money has been "there" for months?
You are talking about 2 different inward remittances here that we attempted Karlacorn -- The first one was from an investment group - they offered us quite less value per token, in cents -- We still went for it as we needed money. However that did not workout as we discovered that the money had Fatca issues. However, god helped us, as we offered the same 20% of vertical to a large bank for a whopping $27/token. We might have starved for 10 months but I should write to you this wait gave us more than 60 times in value.
The Second money that we are pursuing now is our own transaction money and not any equity -- The quantum size is $52.59 Million from two transaction values and dollar for dollar match from a private equity firm. We are clearing multiple regulatory matters on this and I should write to you we are even quicker than many others -- We crossed 2 stages and the final one, we just were able to close the liaison advocacy fee a day before. I am hopeful we will have the clearance in the next 10 days.
Some clearances take 9 months even -- I should write to you, we are lucky here and this progress would not have been possible without deep liaison. Not to blame the government as there has been tons of abuse exploiting the system. Plus there is a lot of terrorist funds moving across and also because of elections and war, there is an additional eye of scrutiny on the money.
- Is it near a time wherein the regulatory agencies in question are liable to some extent?
No, we cannot, Rather I should write they are doing their job -- And in fact our case turned much quicker.
- Which "agencies" are involved? Indian Income Tax Department (Tax Clearance), Reserve Bank of India - FEMA Clearance (Foreign Exchange Management Act), Enforcement Directorate, US FedWire, and US Federal IRS (Foreign Tax Credit & FATCA compliance)
- I'm sure these agencies would have to assume there is a negative impact to business. ...for both receiving parties and to "those" who initiated the funds?They just do their job Karlacorn - Their responsibility is to ensure that funds are clean, taxes paid on both ends, and not have any regulatory blocks...
- Mitigating actions being taken? Time to reach closure and payout?yes karlacorn -- we discovered one enforcement block from 2007-11 times is pending. We were carrying Tax Preparation Business, outsourcing US Tax Returns to our Indian Captive Entity and in this process, to manage operations and to purchase 100% equity of the Indian entity we wired $4.24 Million through regular banking channels. While Remittance was all appropriate, there is an obligation that we should submit Forms addressing the purpose of remittance to RBI (Reserve Bank of India) within 30 days of remittance receipt. While we did many times, our banking department failed to file a few forms and the RBI prompted action through the Enforcement Directorate. Unfortunately it went unnoticed as this business was closed in 2011 as due to Lehman Brothers effect, IRS then restrained that we should not process US tax returns outside of the United States. (now it is allowed with the preparers following IRS qualifications). And within the US, it was cost prohibitive. Penalty for non-filing is severe and we appealed that non-filing was unintentional ignorance and that we as founders cannot be punished so harshly for negligence of the staff. After years of negotiation, they finally levied a simple penalty determination. We paid out this and now the file clearance is pending. Due to election time, the entire enforcement team is on election duty across the country (as a lot of cash flows across into multiple constituencies and the department monitors this 24x7) and to push the file up for clearance we have appointed a liaison contact and we paid out this advocacy fee yesterday. We are promised within these 10 days the file will push for clearance and this will see the remittance credit we are waiting for.
- We've been repeatedly told of "issues" without understanding the details and mitigations? - We're told to be patient without understanding what we're being patient for?
These issues cannot be spoken on the hub as they are very sensitive Karlacorn as we cannot discuss government issues in open public as we never know who is supporting us and who could be harming. For the limitations of not being able to discuss these online and in public, I am forced to request to be patient without narrating the details.
However, we paid the penalty money and the file should move now into clearance. I do not know exactly how much time but the blocks are resolved. The liaison contact told us it should clear within 10 days. I am just hopeful we will have the clearance.
The other side, we progressed and signed our agreement with one very large European Banking Group that has undertaken 20% of each of our verticals to be distributed and another 4% underwritten. We also progressed in successfully negotiating 20% equity in their token aggregating platform and this understanding is for a consideration of $18 Million Euros (120,000 Tokens in 6 verticals @ 25 Euros per token). Any differential in valuation of verticals (other than gold and rice) to be paid out by us within the time limitations.
We also readied the token platform for trading and activated INR to USD conversion for Indians to begin trading ...
I believe in pulling the business into operational mode and despite capital blocks we are able to reach this stage as this trading could mean huge cash freedom for all of us .....
Dear Karlacorn, please let me know if I should answer any other points and I will in all transparency....
Sincerely,
Laxmi Prasad
Dear Karlacorn, I believe in total transparency and I also felt I should answer my response here so everyone will understand the internal dynamics of it. I apologize for the time i have taken -- Its just been time I am swamped with multiple action items the same time...and all were at their critical ends needing my complete attention.
My response to your queries in the next message I am posting --
Sincerely,
Laxmi Prasad
Human excellence is when we think beyond dots and get connected -
like how Snow wants to gift his tokens to some deserving population in Africa...
10,000 over 100 Million tokens is 0.01% and if that saves someone from financial suffering,
trust me, it offers millions of blessings from that heart to this company which vibe will help it gain stamina and set footprints ....
There were times in 2012 -- even I had to sleep with my family in one New York Shelter Home
It's the time when sandy storm shook the city and I lost money overnight as at one of the vaults that was preserving Gold their employee got electrocuted and company went bankrupt, forcing us loos entire metal that we were preserving for a temple. It's a separate issue that I was able to climb back but certain of these are lessons that we learn from life and god makes us face it for a cause. If I were not helped by a few then, I would not have gained my strength....And so is RockHard.... Even now I am supported and there are many on this handle that extend support me to push this company forward, even at their suffering. Without that human connect, societies would not grow and there is no economic building for each other....
I just have one appeal for Rock Hard .. these tokens will gain tremendous value ....as RD rightly said they will gain three digit value (Non-guaranteed) as we steam the trading mechanism..... I am not sure how much is the financial suffering that RH is undergoing but once these tokens gain value and he is able to recover and gain financial well-being, I appeal to him to support the cause of some deserving and needy... It is our responsibility to share and spread the economic well-being, being responsible citizens.
I request let us not debate this anymore -- We just wish our support will help him gain his foot back...
Laxmi Prasad
You are right RD, it should be the company that should endorse any social responsibility ---
Dear Rockhard, I request you to kindly email to IR@mycow.io and CC me on laxmi.prasad@mycow.io and we will take this forward to support our best possible way..
Dear Karlacorn, I will definitely address your queries today after sometime -- I just closed one herculean task and now getting back to the daily routine....Will sure answer today ......
Dear Karlacorn3,
Mind is swamped with moving monies to clear the regulatory process on the inward remittances, which as you know will ease all of our minds. It was supposed to be yesterday night, but, got postponed for today night (India morning hours) as banks were not functioning in Hyderabad due to election time.
I truly request no reminders and I will definitely post my response which should be within the next 24 hours....
Laxmi Prasad
Yes Snow -- The journey was not at all easy -- filled with exhaustion, abuse, smear and aggression --- not to blame anyone -- I might have rather tested, grilled and suffocated with my uncompromising attitude in cutting the deal forward that forced many remain dry delaying their lives and actions— some who know me from long term remained silent and some who vented out was only after deeply getting exhausted, despite remaining the best critics and well wishers…
But never lost confidence, never gave up because of exhaustion or any kind of severest challenges....
God mercifully allowed us to win crossing over many of the stumbling blocks....
We will have a new page for ourselves now !!!
Laxmi Prasad
Dear all, With blessings from Lord, many well-wishers, staff and shareholders, it brings me immense pleasure to announce that we have signed today around 8.00 AM with one of the largest banking groups in Europe for distributing our Real World Asset Tokens (6 of them initially -- Gold, Rice, Whiskey, Food Carts, Plane Seats and Real Estate). By agreement, they will undertake and distribute 20% of tokens and underwrite another 4%, in each of our verticals (six now that adds up to 37 in 3 years time). This will be historic in all of our lives and I am very emotional to share this with everyone here -- we made this possible despite the severest financial and economic challenges we encountered with months of unpaid compensation and unfilled promise to payout the cash grant -- It is not easy at all for any startup to pass through the tough grilling that a banking group of this large size puts one into, but, we crossed their rigid scrutiny with sheer guts, transparency and confidence --- The next 3 months will define and groom us into a billion dollar enterprise and what a journey we all made - I am sure we will be exampled in business schools...
2. Today evening we will also be paying out the liaison costs to have regulatory clearance and very soon it will also resolve the pause we have been facing with our breathes held tight in our lungs...
3. I will answer Karlacorn late tonight or early Monday hours....
But we are definitely progressing into a fresh lease of life....
Thanking you all for all of your kindest support and wishes to make this happen -- We made the mission impossible possible --
Very sincerely,
Laxmi Prasad
Dear Karlacorn3,
Kindly Pardon my delay --
I am working on certain critical issues ---
(a) Last few days have been hectic with Bankers and today morning we finalized the agreement terms and Friday morning we are receiving signing copy
(b) We are setting the Trading Platform for Gold Grains on Polygon as that would reduce the transaction gas price -- We have been hectically working into this as it has now become very imperative for this company to internally generate cash flows and this platform would help us have the banking group and sales team distribute sales
(c) I am personally working on SDIRA client sales to raise cash to clear the regulatory hurdle
(d) Working on pricing valuation matrix for the remaining 4 verticals that the banking group accepted to distribute among its customer base...
I am quite breathless on these tasks until this weekend Karlacorn and kindly permit me write to you by Sunday Late Night Hours, Its been in my mind except that my working on the above subject matters turned very critical,
Requesting you to kindly condone my delay, I promise to place my note on Sunday night for sure,
Very Sincerely,
Laxmi Prasad
Pardon me but I will be able to reply only tomorrow Karlacorn -- we have to urgently submit financial workings to the banking group and I am on it the whole day, but I will definitely respond tomorrow without fail,
Laxmi Prasad
Dear Karlacorn -- Will be sharing later today evening...working on the term-sheet that the banking group sent,
Dear Karlacorn3,
Your request is professional -- in the normal course of our exchanges I would have definitely written back with absolute transparency so everyone will be able to read through.
However, we are surrounded by a few criminals here that are working with negative mindset and are attempting to dislodge the efforts we as a company are placing.
I will hence answer to you privately on your email ID and you may then place your comments on the board of my response without getting into any sensitive details -However I would like to confirm to you all i discuss everything on the spot in transparency in the internal group blog that we have among staff and shareholders and if you would like to get added there, I welcome you there and I can place my response in the group transparently in the group without having to email -- Anything is fine with me,
Sincerely,
Laxmi Prasad
Dear Karlacorm,
This is not the platform to discuss intricacies and any of these writings from professionals like you will only help certain criminal minds like Paladin Ocean 33 and other such few to take advantage and write inappropriately that forces a man like me to use the worst words....
If you need any sensitive information on this, you are welcome to email me and my responses are usually instantaneous and we can avoid certain shit coming from these incest animals prevailing here....
With all respects,
Laxmi Prasad
Noted this advise Snow, Thank you !!
Thank you Snow, that is a very valuable piece that you shared and I will discuss this adoption,
May we release a note for token holders RD -- Please kindly email Likki and I will also place a message...