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Re: karlacorn3 post# 12069

Sunday, 12/01/2024 1:57:19 AM

Sunday, December 01, 2024 1:57:19 AM

Post# of 13383

What's unfortunate is there were so many guarantees of delivery when it appears there was no way those guarantees could have transacted.



As you probably know, the company did and does have the money for cash grants from the bank shares sold in India resulting in some $100M in cash. They just didn't expect all the regulatory delays when transferring that money.

At the same time(s) there were numerous "happy" announcements of new business segments, and sales of additional verticals all while there were no resources or infrastructure to execute.



I think the resources and infrastructure were in place. But not the money. To give you an idea, I think we are starting with 10x as much in gold sales cycles as originally planned which also means they need 10x more inventory and 10x more money. Which they didn't have obviously. I think this is also the reason why the 2 x $0.25 cash grant was reduced to 1 x $0.10 but we get compensated for that with 40% extra SIRI shares after the first cash grant, while the monthly dividends remain the same at $0.10 per month.

And you may also remember that they were planning to pay the $0.10 monthly dividends from 4 verticals combined initially. But that will all come from the gold sales now because it will be ramping up so fast. Especially with the stablecoins now. So the focus is on gold and stablecoins for now. Selling the MyGold stablecoins will be easy and they already sold 11.25M to Iowa physicians. The last hurdle will be getting the retail sales (cycles) going but a group of people has been working on that for a while. Then there will be nothing left standing in our way for that $0.10 monthly dividend. And it will all come from the gold sales. That monthly dividend will go up as well in 9-12 months time and we may get more dividends from other verticals as well. So not to worry about those future dividends IMO. Assuming they can get the retail sales going.

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