karlacorn3
23 hours ago
I refer to an excerpt from my post nearly 6 months ago.
K
...
It would be nice to see a business-adept status report (which I have NEVER seen) rather than novels about life, sweat, blood, auspicious dates, god, medical condition debates, repeated vision statements, etc.
In the final analysis here, either the company perceives its investors as idiots or the investors view the company as inept. Sadness on either side of the coin...
karlacorn3
2 days ago
Hoping to see an update. Notably, the "tomorrow" update promised on last Monday?
Respectfully,
K
2. We will seek help from HSBC to have the self certifying FATCA form and we probably will submit the same by the end of today or tomorrow.
3. The Ryzer team is working on the sales platform, exchange platform and tokenholder registry internally --While this progress is happening (While we are cloud seeding to have rain showers (funding), we have expanded dynamically with no loss of time and now getting ready to launch our trial and full sales....
...I have a few other updates like token selling options to realize cash and sales undertaking etc., which I will be circulating later in the day or tomorrow when I will also be updating the progress if any on the banking process.
Very respectfully,
Laxmi Prasad
RealDutch
5 days ago
Let me just make some things clear Monk, from my perspective.
Anyone who plans to file a lawsuit against the company or certain individuals is probably wasting his time. First of all, if there is no money, then you are wasting resources trying to get that money. And if they do have money, then you are better off waiting to get paid. If you file, then you also risk losing your tokens and you become your own worst enemy. But let's say you are bold and file anyway. They can't pay what they don't have. You probably have to show gross negligence and intent but the whole thing will probably boil down to force majeur as they can't pay what they don't have. So you will probably lose in court as well. Just my opinion.
The more worrying scenario, to me, is what the regulators might do when people start filing complaints. Again, each to their own. But if any action is taken by the regulators then it will probably be targeted at the WHOLE company, not just Laxmi and Likhitha. So this will then affect ALL employees. Not sure if that is what you want to achieve. It has been suggested that you are no longer working for the company. But there are many who still do. And you will hurt them too. Again, just my opinion.
RealDutch
6 days ago
Perhaps it is better not to make fun of the company, or criticize it, or whatever the intend was with that post. I don't know and I don't care. But Laxmi has to respond and send another one of his crappy emails to the entire shareholder base. I mean, you know this, right? It is easy to predict.
Most of my friends don't even read his emails anymore due to all the garbage he is sending them. And then they come to me, asking me for updates on the latest because they have the faintest clue what is going on. God help us all. Let us just wait for the money, right?
karlacorn3
6 days ago
Following is a satire followed by a perpetual observation, all submitted with hope of a MIRACULOUSLY positive outcome some day.
"Shall we feed he starving masses who've not eaten in 3 years...what say you, Caesar?"....
It's been nearly 3 years (the "Verticals period" not counting the "Leela/Air India period") of confirmations followed by predictable "unforeseens", "beyond our controls", and "we were advised(s)". All while assertions of $millions sitting in waiting in some location (HK, UK, etc.) for the same period.
In a viable business enterprise there are five attributes that generate more hurdles than pathways, despite visionary proclamations.:
1. Incompetence
2. Arrogance
3. Irresponsibility
4. Lack of experience
5. Lack of objective planning
Of course, the inverse are requisites for success.
For the duration of both the "Verticals period" and the "Leela/Air India period" there have been scores of promises, even more target dates, and zero (none) deliverables. I hope we will have the joy of seeing the first ever actual deliverable at some yet to be confirmed time.
Among the respectfully frustrated masses speaking the truth with hope for acknowledgement and growth.
K
RealDutch
6 days ago
The US dollar is now 10% cheaper against the Euro and it only took a couple of weeks.
While I have been handsomely compensated with additional tokens, it is nonetheless frustrating to watch the value of my assets evaporate. Everyone can see what is happening. Trump is destroying the US economy and everyone is selling off US assets and investing their money elsewhere in the world, causing the value of the US dollar to collapse.
It is especially frustrating because I knew this would happen and I was ready to hedge against the dollar but of course I lack the money to do so because I still haven't been paid.
I have also been waiting eagerly to short the heck out of the overvalued stock market in the US but again, a missed opportunity now. You can read all the comments these days from so-called "experts" telling people not to sell but to hold on to your stocks because eventually stocks will always go up again when given sufficient time. Holy carp, that is some really bad advice. I'm looking at the chart and it looks to me that we will go down another 20% very fast. It's just going to be a repeat of previous stock market crashes and the fake experts will always tell you to hold on. WHY anyone wants to be buyer of stocks in this environment.... simply boggles the mind. As the stock market is destined and guaranteed to crash... IMO.
So much for the stock market. And yes, we will probably see valuations in the US that are more in line of a banana republic going forward which means you are handed another 50% or so drop in the value of your stocks, for free.
That's 2 missed opportunities. While we wait for the payments. And the deteriorating US dollar should be a concern for most of us.
RealDutch
1 week ago
Up to 7.2M tokens will be sold, I was told. For $1.00. My impression is that we will fill the whole amount after 3 or 4 rounds of selling.
They had the business registration documents last friday, which they needed for the account. The online application has taken a couple of days work. There are 2 reasons for the delays IMO. 1) they don't fully understand the process,and have not been informed properly, and 2) banks are very wary when it comes to gold and tokens. 2 weeks is a reasonable target though IMO.
It is what it is. There is nothing I can do about it. Whether the token sale will be quicker, we will have to wait and see. Should be close, assuming we can get both done.
MaterialMind
2 weeks ago
No, you're right of course. I'm just more bullish at the moment since the registration is completed.
The timeline should be in the hands of the company now, right?
Alright, great! The first money straight into the account then, that's plenty for starters.
I was wondering what happened to that after you mentioned it last week.
I don't really want to sell any SIRI tokens, but I am considering letting go of a smaller percentage. It would be nice to have some money in the bank.
I assume the potential sellers are few due to the lock-in period for US as you mentioned before. 7.2 million tokens is quite a big chunk.
MonkOasis41
2 weeks ago
My name is Amaljith Kalassery, and I am writing this mail with a heavy heart and mental breakdown, hoping this reaches someone who can bring justice and accountability for the emotional trauma and financial exploitation I have suffered.
For the past two months, I have not received my salary amounting to Rs. 1.5 lakh from Mr. Laxmi Prasad Palyapu and Ms. Likhita Palyapu, despite repeated follow-ups and endless false promises. They have consistently lied to me about payment timelines and even confirmed payment hours before backing out without explanation.
This has placed my entire family in a critical situation. My father recently lost his job, and we were entirely dependent on my income for survival. My emotional burden has only grown, especially as I see my family — who has supported me for the past 25 years — suffering due to this betrayal.
But that’s not all.
Laxmi Prasad had previously scammed a company called Datamatics, where I was working in a customer support role through a third-party contract. After refusing to pay Datamatics, he stepped in as a “savior,” claiming he would hire and pay all of us directly — which was another fraudulent scheme.
His daughter, Likhita Palyapu, joined several online meetings to reinforce these false promises, assuring us that payment was on the way. To this day, not a single rupee has been credited. Their actions constitute fraud, mental harassment, and corporate misconduct.
I’ve attached all related documents and images of the people involved, including the management team. My friend Tejal Kare will be visiting the Political Reform Division, Secretary of State, Sacramento, California, to submit a formal complaint in person at:
1500 11th Street, Room 495, Sacramento, CA 95814
This message is not just for attention — it is a desperate cry for justice. I urge the Indian and US governments, labor departments, media houses, and human rights bodies to take immediate action against:
Laxmi Prasad Palyapu
Likhita Palyapu
Please ensure such exploitation stops here, and no other worker is put through what I’ve experienced.
Sincerely,
Amaljith Kalassery
MrSteven
2 weeks ago
Initially, it was clearly communicated via email that Mr. Laxmi Prasad would be in mourning until the 8th of April. However, it has now come to light that the mourning period has been extended. I am sorry this sounds funny but not sure how does Hindu mythology works.
The HK registration process has been pending for an unusually long time. Given that Laxmi Prasad is currently in India, it is unclear how the registration is proceeding. Has an authorized signatory been appointed on his behalf to carry out the required documentation and formally activate the account? Additionally, if this process is indeed completed, how was it possible to initiate and authorize the movement of the initial $11.8M?
No payments have been made to the Ryzer account or to Indian team members. Laxmi Prasad have received emails from multiple staff expressing distress regarding their financial situation—some of them are struggling to meet basic needs and are suffering severe mental stress due to delayed salaries. These are individuals who have been working diligently with the expectation that their efforts would be fairly compensated.
It is understood that Ryzer is involved in multiple projects and is contributing significantly to various deliverables. However, it is critical to acknowledge that no one can operate indefinitely without financial support. If this situation continues and payments are further delayed, it is entirely possible that Ryzer’s CEO, Mr. Surya Gedela, may be compelled to halt operations until outstanding payments are resolved. Should that happen, we need to seriously consider the cascading impact on ongoing projects and organizational reputation.
RealDutch
2 weeks ago
Laxmi is supposed to be mourning, until tomorrow. I think. That is probably why you are not seeing any updates.
I can give an update. There is a lot I do know. But also some things I don't know.
1) Business registration in HK is completed. They will open the bank account on monday. Then, transfer that $11.x million into the account. Then make payments, by April 22nd. So we are getting there, slowly.
2) Verticals are still progressing well IMO. We will do train seats. We are also exploring Kenya in addition to Nigeria. We can do tea, coffee and probably RAS (aquaculture) as well in Kenya. I did a bit of work on this myself.
3) As for payments, some payments have been made to Ryzer and perhaps other Indian employees as well yesterday. But I'm not aware of the latest.
4) We are selling 7.2M SIRI tokens to a big investor for $1. Not everyone can sell. People from the US have a 12-month mandatory holding period. Purpose is to pin down the value for My Gold Grams Inc, and also help the shareholders with some cashflow. A trial sale is already under way. The company will start making a list this weekend, so keep an eye out for emails, if you are eligible to sell.
5) Ryzer is working on many things, I'm sure.
MrSteven
2 weeks ago
It is deeply disheartening to witness the continued pattern of unfulfilled promises and lack of accountability, which has left numerous employees and stakeholders in financial and emotional distress. Over the past several weeks, your repeated assurances to Indian staff regarding partial salary payments—specifically, the commitment to pay over 50%-90% of outstanding dues before relocating them to Hyderabad between April 2nd and 4th—have not been honored. Despite further promises to process payments on April 8th and then April 9th, no salaries have been received.
Most concerning is the fact that even after you receiving reported funds of ?7,00,000-20,00,000 employees were only offered partial compensation covering 15 days just offered but not paid single rupees yet, despite long-standing commitments to pay for an entire month. These broken promises have placed individuals in extreme hardship—many are struggling to afford food, housing, medicine, and even basic funeral rites for lost loved ones. No concrete answer on relocation, accomodations, clearing of total outstanding. Nothing just nothing.
Rather than receiving clear communication or resolution, employees are left in a cycle of uncertainty. They are neither paid nor officially released from their duties, making it difficult to seek other opportunities. Some who have resigned still await their full and final settlements. Fear of termination is used as a deterrent against speaking up, further eroding trust.
It is essential to acknowledge the real human cost of these actions. A sustainable and trustworthy organization cannot be built on repeated delays, false assurances, and suppression of concerns. Transparent communication and immediate action to address these grievances are not just expected—they are imperative.
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downthehatch
2 weeks ago
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