Dear Karlacorn,
We are solving a pending issue from Indian Regulatory -- the issue is resolved with a minimum exposure determination of $31,000 (Rs 2,500,000) and the regulatory circulated their determination dated March 28, 2024, yesterday night during India business hours. I have circulated the copy of the Order in the shareholders group we have on Telegram.
In response to the demand, I have put a request to adjust this payout out of the remittance we are expecting and waiting for their response.
Sans, I should arrange this payout Rs 2,500,000 in India which I have already started making this arrangement.
I was supposed to leave for Hong Kong sunday late night for structuring operations management from there and release cash grants but could not due to this last minute development -- If the problem gets fixed in the US, I will straight go to Hong Kong today or tomorrow night 12.15 am. If otherwise we have to make payment out of India, I will stop over in Hyderabad for a day or two and then fly out to Hong Kong to complete the payout.
While I cannot promise the exact date we can wire the cash payout, it will be within the next few days and we will complete both the cash grant payouts. I know we got delayed but there is nothing stalling us....
On our claim that we are turning into a multi-billion enterprise, yes it is true and I would reassert it once more now...
We have a huge development from the European Banks team side and they have in fact proposed as below,
1. Integration, underwriting and trading of tokens on the token platform
3. Incorporating operational company out of Switzerland
4. Finalzing terms of understanding
5. 20% equity for us the token banking platform -10% direct holding & 10% through an independent structure
6. Introducing agri investment tokens
7. Board Planning
8. We will be organizing AFM out of Swiss Regulatory & Licensing Compliance
Dear Karlcorn, there is no defense argument here -- its the first delivery pain and we cannot even perform a Cesarean Birth....
Money will come for sure....
Sincerely,
Laxmi Prasad
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