Interups Inc (ITUP)

[RealDutch]

Most of the rice is sold in the US. I'm not aware of the details.

We are looking at 30% profit margin. One reason could be, usually you need expensive bank loans in order to be able to trade it (internationally). We are also making it easy for the supplier by buying it from them (at the source).

Laxmi will share the numbers with me later today. But we already know that the issue price of the RISO tokens that are issued internally is close to $10. Which would give the Rice vertical a market cap of $1 billion assuming 100M tokens are outstanding (after dilution). This is all as expected. The RISO tokens issued to the public/investors could be worth > $100. But not that relevant for us. You can do the math yourself if you assume it cycles 12x per year.

Gold SWIM trades in a similar way. They have been doing this for a long time already. And we will also have SWIM for Plane Seats.

Again, I am not aware of the details. I have been working mostly on the 5 projects in Nigeria together with Alex Anigbogu and we have an Aqua RAS team of 5 strong as well, in Nigeria. Those developments will speed up soon when the funding arrives. But I haven't been working on much else so I am learning just like the rest.