Dear RD, Snow and All,
These STOs (RISO) are offered are to ITUP Shareholders as under Co-founder status and to non-us persons, a limited number of shares under Regular S of the US Securities Act, under Co-Founders.
2. None of the tokens/shares were issued at a price range other than between $0.01 to $0.10 per token, which price did not even cover our costs like the gas price that crypto world charges and the administrative cost of maintaining these tokens. But, That negligible amount was charged, as there should be consideration payable to have it not termed as Bonus/Grant issuance.
3. The presented financial estimates provided a reasonable comfort for us to assume a $10.00 valuation per token effective the Jan 10 2024. We have not sold or raised any capital at this price from any shareholders whatsoever as this price was not our target market price with the valuations assumed on these tokens at the end of the 5th Financial Year and the valuation assumptions were achieved using Present Value Analysis applying Discount Factors that factored company level, economic & Transaction level financial risks based on the country jurisdiction Purchasing Power Parity (PPP).
4. When negotiating with one banking group, we were able to convince them to base the price at $27 per token as that price offering, the value of the investment would double for an investor if the inventory cycling is 15 days for Gold & 45 days for Rice, subject to the fact these assumptions work as estimated and the business and factors (internal / external) function in the expected normalcy. The banking group is convinced to base this price when placing their investments to their institutional / accredited client base.
5. Price Fluctuation -- Please kindly note that the price swing on these units will not be like how investors would play on these units but on how the value of these commodities change in the market and how the Net Asset Value of the token will reflect which depends on the inventory cycling that we are averaging.
To example, Gold is now at $27.00495 per Token at the current spot price of $2,306 per Oz. Our Market Module will base the price thrice in a day depending on then prevailing spot price of Gold -- 6AM, 2PM and 10PM PDT.
5. Now how can buy or sell -- The qualifying seller, subject to regulatory adherence, can create an offer to sell in their Dash Board by accessing the Market Module.
And an interesting (either referred by the Banker's Group or by one of our representatives wherever in the world (non US)) can create an offer to purchase and it it matches, then the transaction consumes. One cannot expect the speed of execution in split of seconds like how the stock market functions but it depends at what speed the distributors (including the banking group) refer prospects to us and how quickly we close each of it... But I am foreseeing a reasonable/decent traffic after 3 months...Quite a sum that will absorb the 20 Million units and those that placed by any interested sellers like Snow (a non us person) .... Typically most of these offer and purchase will as private placement to qualifying investors as per the laws of the local jurisdiction. The trading platform is not an online broker but a market module within our system to match offers as a private placement.
Now to those who are attempt to defraud us by placing their negative mouths here on this I-Hub, I am very open to a subjective discussion if they follow professionalism, subject knowledge, decency and reasonability...If they cannot, I would ignore their fraudulent attempt until it forces us to take any necessary actions that befits their attempt to defame and defraud this company and its founders of their potential in the wide definition that it reserves our privileges.
More instructions will follow on the trading module once we successfully trial run and plug it into finality,
Sincerely,
Laxmi Prasad
