Wednesday, May 15, 2024 4:08:32 AM
2) He wanted to invest in IREEM/CCAC in 2022 and specifically asked Laxmi about it. But he was unable to invest as he wasn't an ITUP shareholder at the time.
3) I had been trying to sell tokens for $0.05 six months ago when the company desperately needed money. I could have asked ROCKHard but I didn't. I had to draw the line somewhere. But if I had asked him, he probably would have invested.
4) You are right. I have been telling people for years that SIAF would sink to the bottom of the ocean. And anyone who decided to stay on board has only himself to blame. That is not the reason why Rock is getting free tokens. I just don't feel like debating the issue because it is not all that relevant. People got hurt. For sure, and Rock is one of them.
5) I started by giving friends who have really helped me in the past 5% of my tokens. They received close to 50,000 tokens last year (a bit more for vertical 1 and 2). I later added some more friends because I have so many tokens anyway. Laxmi issued them from the company as he didn't want to reduce my stack. Rock is getting 10,000 now. I don't think it's disproportionate. It would have been disproportionate if we had given him 50,000. But we are not. 10,000 on 72 million outstanding is very tiny.
6) He is getting them from the corporate social responsibility reserve. So it doesn't cost the other shareholders a dime. That is what the CSR is for. To help people who really need it. And Rock has been following ITUP for years. He also knows about RAS (SIAF). And we are building a new MegaFarm giving investors a new chance.
All in all I think it's fair MM. Yes, taxes have to be paid. That is his problem. On the bright side.... most verticals aren't worth anything, yet. So no gift tax is due there.
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