Interups Inc (ITUP)

[RealDutch]

Don't believe everything you read on the internet.

The company is doing the right thing. Selling off certain assets in India to fund operations and dividends. Until operations can take care of the dividends themselves. $25M is coming from certain shares sold in India and another $27M asset sale. And there is a lot more coming as well.

Repatriation can be a bitch. Multinationals usually don't do it. For tax reasons. Although we could have done it sooner. But we don't live in a perfect world. At least the process has been ongoing since september/october and it can take up to 90 days to get FEMA approval in India. We are past the first 30 days now. The money belongs to the company so there shouldn't be any issues. The 2nd wire and beyond should be a lot quicker.

In the meantime we are also moving forward aggressively with sales. Obviously.