Interups Inc (ITUP)

[palaypu0406]

Dear All, I deeply respect everyone's views on the subject matter whether we should uphold our decision appointing Likhitha or I should continue for sometime -- and I thank you for your views!

I am very obliged hearing each of your views, some posted here and some sent me what I should do, on my personal account. And some even have written suggesting that I should do what I believe is good for the future of the organization. Deeply appreciating everyone's time on this critical subject, I would like to respectfully submit that we will uphold our decision and not reverse the changes.

Prior to making the changes itself, we have considered all of this on our cards and we will not set an example of reversing certain of these organizational decisions and priorities -- The changes are very strategically made, keeping in mind the concerns that our long term investors would raise on succession. Even when I visit Hong Kong the first question that would come up would be on my medical condition and who will be leading this company if something happens to me. I have experienced this from one billionaire well-wisher of ours when I suffered heart-attack in pandemic times -- His opening questioning to me on the bed-- "Laxmi ji, If something happens to you, whom should I contact that you think is reliable for me to get connected with and how do you rate that person comparing him/her with you in answering my needs." And this man is a self-made billionaire at his age 19 and takes some craziest decisions like going short when the oil went -ve and he bought 18 shiploads at -15 to -18 and sold 9 of them and holding balance 9 for trade purpose. It took 4 years for me to win this investor.

Endorsing succession while I am still not bedridden is very key to extending that learning curve to those taking up next leadership -- bringing Mike and Likhitha and certain other first internal ring commandoes into playing their responsible roles will address business continuity through mature learning process and also our long term investors concerns on successfully rolling this company forward if any catastrophic events happens.

We are not dithered by mudslinging and its not just with us, it happens all the time, and I have seen top companies fighting much severely... I just follow the towering influence I have had in my learning from a very senior Birla Group president, who was the First President of Orient Paper Mills and his father was the first president of Hindustan Motors, which car ruled Indian Roads for almost half a century -- The strongest metal comes out of melting temperatures and so should be our minds, withering any challenges -- and he used to share a ton of his experiences on the troubles he had to face in launching the Paper Mill..

Carefully balancing the shift, I have taken over position as Executive (working) Chairman, kept sales, new business initiative, research and innovation, acquisitions, mergers and listing for myself. Will be slowly decentralizing these activities into new finds who could become support pillars for Likki. Equally as much, Mahesh would oversee technology transformation through young minds whom we have appointed for complete digital integration. Every dollar that we earn or secure, we will carefully map this for. I just requested our very senior member in waiting to take over CFO responsibilities the moment we have the money -- very learned, experienced, done quite a few public issues and overseen and battled many critical financial situations in the companies that he previously worked for -- Plus he is a CPA and Harvard MBA. We may be struggling through extreme financial situations but once we are actively rolling our tokens - stablecoins and STOs, we do not need to have any external dependency and we are reaching that point...

I am very confident of the new leadership admissions we made and I am not retiring either -- My death is my retirement -- even sleeping on bed after surgery, I started working... Work calms my mind -- it needs to have that constant fire ...While we let the new leadership organize the office, I will focus on building our cash strength by having a few war heads into sales zone... I am building research and innovations team that will constantly explore new product base and pull us out of saturated milking. We will get there...

Time is not far...and nothing and none can stop us... The new team has great energies and they will also make me younger and help hold my fire...

Laxmi Prasad