Dear Utopian Global Member,
Above everything else, we are open and transparent. This is our raison d’être our reason or justification for existence. Our purpose is to create generational wealth that, until now, only a few could access. Our vehicle is the STORH™ token and precious metals.
We are pleased to announce that as of the 2nd of May the STORH Equity Token (Smart Contract) is live on the Ethereum Network.
This now enables you to begin the process to register your Ethereum wallet and for Utopian Global & the STORH™ Treasury to commence the conversion of your current STORH™ SAFT holding to the Ethereum Protocol based STORH™ Equity Token. This process will take up to 30 days to audit, convert and transfer your STORH Tokens to your KYC/AML approved Ethereum wallet.
Before we proceed with the instructions of how to register your Ethereum wallet I would like to address some feedback we received from our recent announcements pertaining to STORH™ distributions.
First, I would like to thank members for their feedback as we do welcome this. The Utopian Global & STORH™ Executive Team are STORH™ Equity Token holders. These tokens are no different from those held by all other Utopian Global Members. To spell it out, those who own the million Euro Quantum Package tokens are the same as STORH™ Equity Tokens owned by 99 Euro package owners.
It is in all our interest that we develop the assets to their full potential, so everyone can win in the short term on the asset value and long term revenue distribution.
- When you own STORH™ Equity Tokens and have accepted the PPM (Private Placement Memorandum) document you legally own Equity in Sourcerock Energy Partners Limited a Texas Corporation.
- During the early part of 2019 we stated that the first STORH™ distribution would be paid out for STORH™ holders as of 31st March 2019.
- As expected, the main phase 1 Texas Asset acquisition that was visited by some of the Utopian Global Members last November was not closed in February and negotiations prolonged until the Letter of Intent was signed on 19th April and expected closure date of 17th May, hence to date no revenues earned.
For the past seven years this asset has been under the attention of STORH™ CEO Ryan Messer and it meets all the qualities of a strong income generating asset;
a. Over 90% of Asset is owned by Energy Industry Professionals
b. Asset financial performance is in excess of 20% IRR
c. Asset has further development potential which could increase current revenues by 20-30%
d. Strong historical revenues and audited Reserves for the next 25 years
- STORH™ announcement March 6th re: purchase of two smaller assets; Through the end of March 31st there was a minor amount of revenue received given the limited amount of time STORH™ owned these assets, thus did not make sense from a management perspective to distribute to all STORH™ holders. In lieu of distributing, the revenue will be reinvested in the larger Texas Asset acquisition to take place within the next two weeks.
- What is the plan of the Utopian Global / STORH™ Executive Team re: future distributions?
a. All assets purchased produce returns in excess of 20% Internal Rate of Return (IRR)
b. For the first 12 months of operation management intends to further develop the Texas Asset rather than distributing 100% of revenues to STORH™ holders
- Why reinvest distributions back into Texas Asset?
a. The STORH™ management team, who are Industry Professionals ranging from Geologists and Engineers, have studied reserve reports that reveal further development in the asset will increase the revenues thereby increasing the Asset Value. This will directly impact the growth of the STORH™ Token.
b. What is better, asset development or distribution of net revenues?
i. As an investor it is all about adding value to the asset, increasing revenues for the long-term gain and to do this some short-term development over the next 12 months
ii. Distribution of 20% pay out would mean 5+ years of distributions to realize your return of capital. We believe by further developing the asset production we can increase the return on investment to 5 fold from our purchase price, therefore upon listing we taking current value of STORH™ to 4Euro and beyond in our 18-24 month plan.
iii. At that point we should have added tremendous value to STORH™’s Net Asset Value (NAV) and have increased revenues which upon listing will provide STORH holders options, such as liquidating some STORH™ Tokens for profit and/or keeping a balance for long term residual income.
- Now that STORH™ Equity Token is live on the Ethereum Blockchain you need to register your Ether wallet in preparation for the transfer of SAFT STORH™ to STORH™.
This process will take a few minutes to install a ERC20 compatible mobile wallet, web wallet, or cold wallet.
MyEtherWallet (our friends call us MEW) is a free, client-side interface helping you interact with the Ethereum blockchain. Our easy-to-use, open-source platform allows you to generate wallets, interact with smart contracts, and so much more.
Please take some time to understand this for your own safety. Your funds will be stolen if you do not heed these warnings.
We cannot recover your funds or freeze your account if you visit a phishing site or lose your private key.
Be sure to confirm that this is the site you are on: https://www.myetherwallet.com
What is MEW?
MyEtherWallet is a free, open-source, client-side interface.
We allow you to interact directly with the blockchain while remaining in full control of your keys & your funds.
You and only you are responsible for your security.
MyEtherWallet is not a Bank
PC or MAC https://metamask.io
MetaMask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions.
You have completed the first part of several steps in order to receive your STORH™ Equity Tokens.
CHECK LIST to convert SAFT STORH™ to STORH™ Equity Token (Ethereum Blockchain)
a. Complete and sign the PPM (Private Placement Memorandum)
b. Register for MetaMask to set up your Ether Wallet
Throughout May our auditors will complete the issuance of SAFT STORH™ to STORH™ Equity Token and the deploy the new STORH™ Equity Token DASHBOARD for the registration of your new Ether Wallet to accept STORH™.
Please check emails for training webcasts and instructional videos.
Your Stake of Ownership in Real Tangible Assets is progressing well, we thank you and we all look forward to building long term wealth.
Bill Rowell Ryan Messer
CEO UTOPIAN GLOBAL CEO STORH™