Bitcoin Forum

As some of you know it, Im the owner of Esecurity SA, alias koddos.com

I'm running 2 small funds in litecoinglobal and decided to offer same fund for BTC in Cryptostocks as many of you requested me in past.

https://cryptostocks.com/securities/27

Please find below the contract

This contract is a copy of the LTC Esecurity SA funds available in LTC market since 2 months.

Introduction: This contract explains the Esecurity SA BTC Fund. The capital of this fund will be invested to buy 40 servers at 2500 usd each (100 000 usd total) Those servers will be pluged to our network (koddos.com) and will be rented to our customers. 10 000 shares will be issued according BTC/USD market price representing 10 usd each. The monthly average price we do rent our servers is 450 usd. 30% of the server USD income will be converted in BTC to pay dividend to shareholders. Dividend will be paid out monthly at the first day of each month.

Company presentation: Esecurity SA, is a Belize registered company since 3 years. Koddos.com is a division of Esecurity SA. Koddos is a premium hosting service that specializes in high end hosting. It utilize the latest technologies and high end hardware to provide an environment where your webpages will be served at the fastest possible speed while providing security against DDOS and other kind of attacks. We also offer Offshore Hosting for special business. Esecurity SA is proprietary of 400 000 usd of hardware ( Routers, Box DDOS protection, servers... Company have 2 shareholders and 5 full and half time workers.

Price of share : 10 000 shares will be issued at total with the goal to obtain 10 usd per share on BTC/USD exchange market. Price of shares will also follow the BTC/USD market price.


Dividends Terms: 30% of the severs income in USD will be distribued monthly. 70% are held by the issuer for maintenance, bandwitch cost, company cost and some profits. The average price we rent one server is 450 usd. We do rent our servers from 400 usd to 5000 usd monthly as DDOS protection have multi level an price. Dividend will forward the income. Server are guaranteed for 5 years.

Example : We rent each server 450 usd monthly. The issuer will take 135 usd to convert it in btc for payment of dividends.
Example 2 : The second month one customer is DDOS attacked and upgrade his protection. He pay now 1000 usd monthly, 300 usd will be also converted for dividend.

Profitability Risk: Issuer can not give any profit guarantee as it is impossible to predict the future BTC price. However the usd profit is guaranteed. As the USD profits are converted in BTC, the profit will increase if BTC prise decrease and will decrease if BTC price increase.. The profit depend mainly of BTC price. Additionnaly as quoted previously, the profit rate will depend either of the price our customer rent the server monthly.

Closing of the Operation: Issuer reserves the right to stop the operation of the fund for the following reasons:

1) Issuer can stop the operation due to its becoming unprofitable for the company.
2) Issuer can stop the operation due to illness or other severe health or life problems
3) Issuer can stop the operation if the company close.
4) Issuer can decide to close the fund for any other reasons than quoted previously.

The the 1-3 reason, the issuer can close the Fund at anytime. For the reason 4, the issuer can close the fund only after 1 year of operation.

Liquidation of the Fund: When liquidation happens , 100 000 usd ( initial amount USD invested by shareholders in the fund) will be converted to BTC by the issuer and reversed to shareholders in order to close the fund refunding the initial amount of USD invested by shareholders when the fund has been open.


Please let me know if you have any questions.

100 first shares has been issued today.

Since you state this is to raise funds for new purchases, I hope investors don't beat up LTC-GLOBAL bonds.

Sure wish you'd have listed this on btct.co instead, but good luck!

I was not aware of the launch of Btct.co to be honnest, but I could open one fund with 5 servers or like for Btct.co in future. It seem crytostocks is more develloped actually in term of visitors and actions, that why I choose them.

I'm not surprised. Burnside is just getting btct.co launched, but when it does, I suspect it will rapidly surpass cryptostocks in traffic. I have an issue on cryptostocks, nothing against them as they've been great to deal with, but the interface is just dreadful. It didn't really bother me until I got used to using LTC-GLOBAL.

On topic:

This could take some time to fully fund. Do you have a goal for the commencement of dividend payments for your new listing?

I know when I look for computer security providers, I like them to be traded at shady unregistered illegal security exchanges. It provides me with a sense of security.

Dividend will be issued each the first day of each month. First dividend planned for 1st december 2012.

AS for LTC fund 2, until all shars sold, dividend will be provided according number sold.

Example only 10% of total shares are sold, I will provide dividend on only 4 servers instead 40.

Yeah cuz the US with the highest corporate tax rates in the industrialized world and dozens of parasitic alphabet agencies is doing a magnificent job of policing it's exchanges. Definitely no fraud at the NYSE or Nasdaq, unless of course you get unlucky and get corzined. Perhaps the coming explosion in capital gains theft...er taxes will finally fix everything.

Just like esecurity aka koddos.com. No fraud there at all. Nowhere to be found. I mean just google koddos and.... oh. Oh, my.

I wonder: In Bitcointopia, is it bad when your hoster and security provider hacks into his own system to steal his clients assets? Or is it just another day like every day?

Esecurity SA is offshore registered comapny, In Belize...Nothing hided since the start

Anyway it would cost more to us to scam some thousands usd, killing our reputation, while our company earn much more monthly...

How's John these days? Still playing Solid Snake under boxes on the beach?

I you mean John F....He was former of securetechservers .... Koddos is not affiliated to secureservertech and john worked for us few months at the start of koddos in 2008. Long time since we didnt got news from him, 3 years or like...

No, I meant the other security guy in Belize. McAfee.

But it's good you no longer deal with secureservertech. Did you know there's a lot of horror stories about how they broke into clients servers to steal their assets? Who would DO something like that? It's not very nice.

But you don't have anything to do with them and that's good. One might have been easily confused what with the similar wording and the "reselling" and the identical personas and everything. Ha, just imagine if someone thought you were the same guys. Man, that would have been a major wrench in the works. Very misleading.

Koddos started being reseller of securetech, At this time we was even not registered under a company, but we talk about 4-5 years ago...today koddos have its own network, Routers, servers... We are very far of the start now and yes we have been informed later about john story and even been scammed in past by him... You can guess we are not same kind of people I hope. Anyway yes this thread will help to clarify this story  :)

First dividend was initially planned 1st december 2013, but I decided to issue it weekly instead monthly like I do since few months with the bonds in

LTC. Fund has been opened 20th november, we are tuesday 27th, and I will also issue dividend weekly every tuesday instead of monthly in

cryptostocks.

Please find the detail of calcul for first weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

12 shares sold = 4.8% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
4.8% of 31.11 usd = 1.49 usd
Weekly dividend for this week is 1.49 usd

1.49 usd at 12.30usd/per btc = 0.12113821 btc
0.121138 = 0.01009485 btc/share after fees

The weekly dividend per share for this first week is 0.01009485 btc per share

Regards, Neotrix

Lol.

OP: A message to Bitcoin wanna-be scammers (http://polimedia.us/trilema/2012/a-message-to-bitcoin-wanna-be-scammers/). Pass it around to your other idiot buddies, then get lost.

Does this policy change apply also to the bonds you've issued at btct.co? I believe the contract there says monthly also, though I doubt the bondholders would mind if you paid dividends weekly instead.

With reference to the above part of the contract if after one year you decide to exercise your right on option 4 (closing the fund for any reason) what will the buyback situation be for the shareholders at the time ?

Will you buy them back at the going market rate or will this be a forced buyback at the issue price ?

This is very important and the mechanism behind option 4 should be laid out in full detail.

Lets assume for the purposes of this example that the shares have gained in value by 50% since they are first issued.

Please explain, does your 'liquidation of the fund' come into play here whereby you can buy back all the shares at issue price merely because one year has passed ?

As quoted in contract the buy back is at the IPO price usd bought. It mean 10 usd per share. This 10 usd per share will be converted in btc and reversed as buy back.

Weekly dividend issued.

Please find the detail of calcul for first weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

15 shares sold = 6% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
6% of 31.11 usd = 1.8666 usd
Weekly dividend for this week is 1.8666usd

1.8666 usd at 12.48usd/per btc = 0.14956730 btc
0.14956730 = 0.0099711533/share after

Regards, Neotrix

Due the high price of BTC actually, last shares has been sold in usd more than 10 usd and also each usd earned is reversed as extra bonus dividend.

2 days ago, 0.0025 btc per share has been issued as extra bonus dividend.

Today, 0.011 btc per share has been issued as extra bonus dividend.


Regards, Neotrix

Weekly dividend issued

Please find the detail of calcul for the weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

36 shares sold = 14.4% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
14.4% of 31.11 usd = 4.48  usd
Weekly dividend for this week is 4.46 usd

4.48 usd at 13.25 usd/per btc = 0.33811320 btc

Extra convertion 0.2 btc also total dividend = 0.53811320 btc
The weekly dividend per share for this week is 0.0149475888 btc per share

Regards, Neotrix

Weekly dividend issued

Please find the detail of calcul for the weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

36 shares sold = 14.4% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
14.4% of 31.11 usd = 4.48  usd
Weekly dividend for this week is 4.46 usd

4.48 usd at 13.1 usd/per btc = 0.34198473 btc

The weekly dividend per share for this week is 0.009499575 btc per share

Regards, Neotrix

Weekly dividend issued

Please find the detail of calcul for the weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

36 shares sold = 14.4% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
14.4% of 31.11 usd = 4.48  usd
Weekly dividend for this week is 4.46 usd

4.48 usd at 13.1 usd/per btc = 0.34198473 btc

The weekly dividend per share for this week is 0.009499575 btc per share

Regards, Neotrix

Weekly dividend issued

Please find the detail of calcul for the weekly dividend below:

10 000 shares = 40 servers
250 shares = 1 server

57 shares sold = 22.8% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
22.8% of 31.11 usd = 7.09308  usd
Weekly dividend for this week is 7.09308 usd

7.09308 usd at 13.5 usd/per btc = 0.5254134 btc

The weekly dividend per share for this week is 0.009217778 btc per share

Regards, Neotrix

I notice that no dividend was paid in February 2013, and the last dividend payment was on Marct 1st, 2013. May I know why there's no dividend for February when your dividend policy is that it will be paid monthly on the first day of each month. Is the business in trouble?

or neotrix ran?

Not clear what platform you're talking about.

On BTC.CO he paid out the dividend for February on 28th February rather than on March 1st - a few hours early.  Haven't checked on Crypto so can only guess the complaint is about there.

It would hardly be likely he ran given he paid out for the bigger ones on BTC.CO and LTC Global.  More likely he somehow messed up paying the Crypto one and never noticed.  Just would make no sense if someone was going to run to pay out all the big dividends and miss a tiny one (think there's only a few units of it actually outstanding on Crypto).

Sorry, my brain derped and I thought he he was late for 2 weeks on dividends (which isn't the case) :)

Can you give the link to BTC.CO? I tried typing it directly to my url, and it goes to an unrelated blog. It is very strange why he is paying dividen in ltc, but not dividen in bitcoin. perhaps the recent surge in bitcoin price has make it harder for him to pay the dividen in bitcoin. Anyway, I hope he can provide an explanation to his shareholder. Also, is it possible to have a multiple listing for his business?

It's here: https://btct.co/security/ESECURITYSABTC

All dividend has been paid 28th feb or 1st march, corresponding to february profits. What is wrong then?

No guys... I didnt ran for few bucks...Stop to be paranoic... And no dividend is actually delayed.

The only delay was for crypto for 2 weeks in january. I forgot it as only 20 shares there. I included it in the dvidend of february.

Thank you for the explanation :)

You're welcome

Can you give us some explanation now, please?

I am trying to contact anyone in KODDOS, but without any luck - more info at followinf link. If you have some ideas or new information, please join us in this thread (https://litecointalk.org/index.php?topic=642.msg245901#msg245901).