Bitcoin Forum

The bond is running since 1 weeks already but I didnt had time to open the thread for it. 10 shares has been sold already.

https://btct.co/security/ESECURITYSABTC

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 10 servers at 2500 usd each (25 000 usd total)
Those servers will be pluged to our network (koddos.com) and will be rented to
our customers. 2500 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. High DDOS protecton, and proxy ip are available a affordable price.

We also offer Offshore Hosting for special business.

Esecurity SA is owning for 400 000 usd of hardware around( Routers, Box DDOS
protection, servers... Company have 2 shareholders and 5 full and half time workers.


Price of share : 2500 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 , 25 000 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.


I finally decided to issue the dividend weekly instead of monthly.

First dividend has been issued Sunday 2st december 2012 :     0.01160281 BTC per share
First extra dividend fro extra convertion rate has been issued today : 0.004 BTC per share


Let me know if you have any further questions

https://btct.co/security/ESECURITYSABTC

Regards, Neotrix

Dear shareholders

Extra bonus issued after the sale of some new shares.
0.12 BTC issued as extra bonus dividend.

0.00923077 BTC per share

Regards, Neotrix

Extra bonus is good! ...most good! ;D

Dividend failed! :'(

Re- issued ;) + another 0.011111 btc per share

    

Dear shareholders

Please find below the detail of this weekly dividend:

250 shares = 1 server
69 shares sold = 27.6% 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
27.6% of 31.11 usd = 8.58536 usd
Weekly dividend for this week is 8.58536 usd

Convertion rate BTC/USD 12.15
8.58536 = 0.70661399 BTC

Server dividend for this week : 0.70661399 BTC
+ 0.45 BTC obtained from extra convertion rate
Total dividend for this week : 1.15661399btc

Dividend per share = 0.01676252 btc

Regards, Neotrix

Do you let customers pay in btc? I checked out the website, and I didn't see it listed in the payment options.

We are actually looking to integrate it in the best way. Anyway we already accept payment in btc or even ltc. Logo will be added as soon we integrated this way to pay in our system.

Please find below the detail for the weekly dividend:

250 shares = 1 server
91 shares sold = 36.4% 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
3.6% of 31.11 usd = 11.32404 usd
Weekly dividend for this week is 11.32404 usd

Convertion rate BTC/USD 13.20
11.32404= 0.85788181 BTC
I'm adding  0.15 btc from extra convertion.

Total dividend for this week : 1.00788181btc
Dividend per share = 0.011075624 btc

Regards, Neotrix

Just wondering, what exactly do you mean by "extra conversion"?

He tends to sell shares slightly above the actual BTC price they'd need to be to raise exactly $10 (makes sense - as it protects against small exchange-rate changes while offline).  Extra conversion is what he says he has left over after selling the BTC and taking out the $10 per share.

It's exactly that, thanks Deprived. Ipo isn't really made on USD, 10 usd per share, as quoted in contract. BTC have a variable price and also extra convertion dividend are extra sitting after I got 10 usd per share ( I trade on BTC-E for infos, as its the only one able to pay me in fast time)
I could keep those extra convertion as its seem I choose often the right moment to sell btc to usd but I like to respect the contract quoting I can get 10 usd per share, so all extra sitting are reversed as extra convertion. Anyway the reply is done and you are welcome if you have any others question  :).

Please find below the detail of the weekly dividend:

250 shares = 1 server
198 shares sold = 79.2% 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
79.2% of 31.11 usd = 24.63912 usd
Weekly dividend for this week is 24.63912 usd

Convertion rate BTC/USD 13.1
24.63912= 1.880848 BTC
I'm adding  0.3 btc from extra convertion.

Total dividend for this week : 2.180848btc
Dividend per share = 0.011014383 btc


Regards, Neotrix

Dear shareholders

Please find below the detail:

250 shares = 1 server
359 shares sold = 1 server + 43.6% 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
31.11 usd + 43.6% of 31.11= 44.67396 usd
Weekly dividend for this week is 44.67396 usd

Convertion rate BTC/USD 13.1
33.97212= 2.583431 BTC
.

Total dividend for this week :  3.41022595 btc
Dividend per share = 0.00949924 btc

Regards, Neotrix

Seeing the Bitcoin price went up to 14 BTC. Reminded me that every share of ESECURITYSABTC is summing up in USD which means that the price of it should be like only 0.71 btc each now. Strange to see nothing move. BTW, neotrix could you sell some out. Since the shares are far low from the issue limit of 2500. Guys would be interested to invest at a lower price and it wont affect your business since each share still got its 10usd in your Usd summed financial sheet

About 1.4% dividend per week?

Wouldn't that make an annual ROI of 72.8%?

Why the hell would somebody pay so much for a loan to buy servers? What about banks?

It seems too good to be true and while the company as such apparently exists since 2009 and seems to be involved in those bonds, common sense tells me that it's too much return for a legit investment.

Anybody can give more input?

You are not the only one who has doubts about this bond.
Why do you think they haven't sold all shares yet? Koddos is a well-known hoster but paying ~73% for a loan looks quite unreasonable.
Nobody can prove that it is a ponzi scheme but I think everyone suspects it.

Same happened with pirate: Most people knew that it was a scam and hoped to leave the boat at the right time.

neotrix always puts a conversion on the price.

So it's pull the one share out and back to the drawing board? What kind of investments would you recommend on btct.co? BTC-BOND looks a bit more solid... Mining bonds lose value and some like RSM seem to be worthless now due to other reasons.

Here's some more info on it from a while back (this relates to the LTC versions of the bond):

http://forum.litecoin.net/index.php/topic,915.0.html

Neotrix, how do you justify paying about 70% per year interest on this loan? No matter how I look at it, you could get a loan elsewhere for cheaper than that.
The fact, that Koddos specializes in hosting and protecting HYIP makes me wonder if you somehow got inspired by your clients.

Again, what is your justification for paying so much interest?

Don't get me wrong. EASECURITY is a great asset. On LTC-Global the prices ranges between 3.0 and 4.5 so you can earn some extra money with day-trading. But you probably have to be a gambler because no one knows when the ship will sink.

I just give 30% of income of servers keeping 70% for me for management, cost of network and company...this 30% make actually 1.3%, does you guys want it lower? I can make a motion but not sure people will want a lower profit...But it fully ok for me as I will get more for the company...

What Im starting to think is I wont sell all, Thinking about stopping to sell soon. Limiting to 2 servers maybe for btc.co and 1 server for crypto. This is not an affirmation, just a thought since I need less to loan today that I was in need when opened funds 2 months ago. Additionnaly, accusation of scam start to boring me to be honnest. You guy prefer be paid by some bond 0.1% weekly and be scammed in 6 months when the individual anonym managing the bond will decide to leave...but you suspect a well know company existing since 4 years, and 5 years online because they give you so much profits. While this company couldnt scam you without break all reputation and representing much more than 100k or 150 k.... Who stupid would create a scam under his company name, with company bringing much more by year than the amount supposed scammed? Well i understand any high profits is suspect but while you have this backup in the story... It shouldnt be compared to pirate ( individual under a username "pirate" letting most aware about his final intention...

Well Dividend as been issued for today as usual.

Please find below the detail:

250 shares = 1 server
461 shares sold = 1 server + 84.4% 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
31.11 usd + 84.4% of 31.11= 57.36684usd
Weekly dividend for this week is 57.36684 usd

Convertion rate BTC/USD 14
57.36684 = 4.09763142 BTC
.

Total dividend for this week :  4.09763142 btc
Dividend per share = 0.0088885714 btc

Regards, Neotrix

And now accusation of managing hyip ? What next ?

About hyip it still 20% of our customers only, We still host casino online, many replica shop, many games servers.

Maybe I own a casino, or a replica shop? or also a sex cam ? It become pathetic...

all justification are in contract... and have been explained 50 times in forums... Now as said all this story make me thinking about take off this opportunity for investors and let you guys invest in mining asic bond....while asic are delayed for years ...( its an example and I target nobody with this one)

Please respond to PM. Thanks.

Actually I dont have the wish to sell more shares, that why I didnt replied. I even cancelled someone planning to buy 30 k usd of investment. Btct.co have 2 servers sold and it will stay like this. Crypto wont have more shares sold. It will avoid accusation of scam... You can still buy share on market public also but take care to don't buy more than a price worth 25 cts usd, because it is the price of buyback.

Wait, what? The buyback price is 25ct as in $0.25 per share? How does that relate to those two parts in your btct.co contract:



I'm not accusing you. I (and others) feel more comfortable investing into a transparent and plausible venture. Trust me, I'd love investing at a ROI of 1+% per week, I just want to know why you'd pay so much, it makes no sense from a financial perspective unless you were confident of a fast return and bought back shares with the profits so as to own the servers 100% instead of paying 30% of the revenue for a very long time.

Sorry for mistake yes buyback is 25 cts usd for ltc, and 10 USD for btc right.

About accusation its the actual feeling of most so As said previously dont look to invest more in esecu as there is nothing more to invest. The only shares now available are the one one public market. The crypto bond will be delisted and the 57 shares will be transfered to btct.co or refunded according choice of holders. Btct.co will still have only 500 shares sold and it will still like this. For info, No I didn.t planned to buy back shares before cheaper or anything....just do the math.

Server cost 2500 usd and is rented 450 monthly wich is 4500 yearly ( + all extra protection which can make easily double this price). This is also 180% yearly in worst case.  Then add cost of network...but that you have 1 or 1000 servers it still mainly same cost when you own the full network...
only electricity, location....cost a bit more but bandwidth for example is a fixed fees most of time...
As I was telling in an email sent to a potential investor of 30 000 usd... Crypto world is small world and I start to understand why...Anyway it's better for me and my company to limit this story now.


Regards, Neotrix

He was getting confused.

The shares on LTC GLOBAL are $0.25.
The ones on BTC.CO are $10.

Since I decided to stop to sell new shares, price in also now just 10-15% so expensiver and only after 1 day ::) It will also allow a direct big profit for holders due no more supply... and will make all others willing to buy at normal price having to pay an overpriced amount for one share on public market...Just hope price wont be sold 200% overpriced cause I wont accept to be called scam when I will rebuy them only for 10 usd per share... Anyway deprived, and other you should be happy now you won, no more supply... It was that or I had to stop the contract as contract allow me to stop if it become no profitable for the company. Which could appear if you or some continu to claim about scam it will become very no profitable for image of my company... Well im someone honnest as i prooved it since the start and I will stay same and wont stop the contract...keeping paying dividend until end as planned.

I'm very sorry for those who was willing to enjoy this opportunity getting 1.3% or more weekly, but the communauty and some selfish ppl decided it.

Regards, Neotrix

I am sorry to hear that you are stop putting new shares on the market. I know that being accused with different charges by the loud once are just a disaster, since they "assume" everything in his thoughts which is extended from a little clue is right. And I have expereinced that before when I was doing my "Know a Bit More" project.
Yet the loud onces aren't the majority, in my case, my ignorant to them did bring a success at my side. And why give up a business with just a pebble in the middle of your road. And for the accuser, please do something more constructive, like digging down deep those guys who owe, spam the forum before GLBSE closes etc.

Since the start of this, I've been treating ESECURITYSABTC a steady stock to gain dividend and trade a bit on the minor price fluctuations. Wish you still   success with it despite little shares on market :-[

Thank you for this support and understanding. As said previously I can assume to loan less money for now and all those accusation dont give me the motivation to offer more server for investors. This bond is IMO the best ratio dividend, one of the only one with issuer having something real ( company, hardware costing hundreds of thousand dollars) and It still receiving more and more suspisions also giving a bad image for my company. In all those condittions why I should issue more shares? All is said, anyway thank again for your support and good mind. Its good to see some positive people.

Regards, neotrix

No one calls Esecurity a scam. A lot people (including me) assume it because you haven't give any reason why you are more than 60% for a loan. There are cheaper ways to get a loan for a well respected companies like Esecurity S.A.. It's is nothing personal it is just that the prirate scammed many members of this community and he also paid a higher interest than usual and didn't disclose why.

BTW: Esecurity is one of the best rated assets on LTC-Global and BTCT.

But I understand your  decision. It is awesome for all shareholders and bad for everyone else.

The business model was quite simple and explained in contract. I wont explain it again but was really simple. Why Im able to give back such dividend ? Cause server bring me more than I give and the fees for network are same with 50 server...or 100 servers....Easy to do the math and also conclude each server plugged and rented bring 180% in 1 year (In worst case).

Why I didnt took a loan ? Usual loan to a bank are not easy, as esecurity is registered offshore and we use also a offshore bank. They are business bank, and loan are not their business. Then I could loan on public market cheaper. Right. If you remind Im supporting LTC since the start and I decided to first loan with LTC to boost the market. Thinking I will have to buy then monthly for like 500 usd of ltc.

Then I opened fund in btc as this business model was ok for me. It means we get new servers, and after 1 or 2 year they become our server. After we gave most of benefits to investors at start. Maybe this business model was so good for investors, and If I had offered less profits to investors ( keeping also more for me) I wont have such image today. Well thats why I say the situation was quite funny...

IMO LTC need legal entities ready to give him a shoot like I was, need to boost the market, stabilize it and grow... But If everytime a company ready to give him a shoot is also threated like any scammers anonym...you can guess they will run quickly out of crypto not ready to give some bad image to their company worthing MUCH more that all this small money story...Well I hope LTC will sucess and I will continu on project Im working on, to make it bigger...

This is quite an interesting asset. Can someone please point me to where the issuer has proven that he in fact owns KoDDos.com? He seems to have used a gmail address to register with BTC-TC. Has the exchange verified that this security is back up by koddos.com?

You can send an email to admin@koddos.com. Some people from litecointalk.eu verified it.

Yes it has been proofed many times, feel free to check yourelf admin (at) koddos.com

I used a gmail to dont mix everything...was easier to manage.

Regards, Neotrix

Thanks.   :)

div?

Few more days.

It will be a good thing you are doing by stopping new share sales as it rewards shareholders who have shown faith by buying the asset earlier. It means you can add value to existing shares.


I dont see a problem with issuing more shares but maybe let shareholders have some inout through a motion if you wish to issue more shares in future. Its only a problem if people see more and more shares coming onto the market with no explanation but if theres a motion to expand you can point to that as the explanation. Consolidating for awhile cant hurt and brings more certainty.

Stopping new sales also proves you arent paying dividends from new share sales and should stop the rumours that have cropped up. The fact you seem to actually have a business behind  the asset doesnt seem to matter to some people when 1% a week returns is unheard of in investment markets and usually signals a hyip.

Thanks for the big dividend.
I think neotrix has proven that he is trustworthy. No scammer would continue to pay dividends without collecting new funds.

Yes I should have done a motion instead to hear the voice of some trolls only... Anyway I wont back on my decision about new shares.
The real business behind has been verified and as some quoted previously I was not against a visit of datacenter to show our actual 450k worth hardware ( yes we growing again...) to someone able to visit with me the data in Amsterdam. Anyway No new share will be sold so this solution is a bit useless, while costy for a small loan finally...( I loan for only 6 servers, also only 15 k usd to the communauty...) It could appear a big amount for some but trust me for our business this amount didnt helped us a lot ( even if welcome) Anyway Im someone honnest and will proof if with dividends...as I did since the start. I dont see actually more way to proof everyone Im legit...

Dear shareholders

Please find below the detail of dividend for this month (February 2013):

135 usd x 2 servers = 270 usd
270 usd are converted in BTC : rate 1 BTC = 31 usd
270 usd = 8.71 BTC
8.71/500 shares = 0.01742 BTC per share

Regards, Neotrix

Awesome, thanks!

Div payment?

Where? I don't see any.

That's what I am saying I was questioning where it is. Should it not of been on the first?

so BTCT.CO is closing, whats the plan regarding ESECURITYSABTC ?

Any news on what you're going to do with ESECURITY? (both the BTC and the LTC denominated security)

Are you kidding with crypto-trade.com ?

It would be nice knowing more detailed plans considering BTCT halting trading in less than 7 days.

Are there dividens scheduled?

According to Crypto-Trade chat, it should be done sometime this week. They had to get the system up, and make sure there are no bugs.

Ummm, what about divs this time? For January and February?

...and March? Did you just forget you have shareholders or everything is that serious?

Is this the official thread for Esec? Or rather the one on litecointalk? I'm gonna post there too. Divs are most overdue as you should be aware and there is no information to be found as to why and also what you will do about it.

https://litecointalk.org/index.php?topic=915.msg155582#msg155582

what happened to this , it's been almost 3 months sin the last dividends payout?

Oh... forget it. Obviously they have problems and anonimous bondholders are the first in queue to give a crap on.

Hey, what about some update? I saw a lot of HYIP servers running on CODDOS, so you should have some revenue, dont you? Or you just use our money and dont give a fu*k anymore?

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).

So you were saying something about being honest and proving it?  We are here waiting... :\

I posted to List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses (https://bitcointalk.org/index.php?topic=576337.msg10287869#msg10287869) about Crypto-trade, but I think we should aim at KODDOS (ESECURITY S.A.), CT is just a whitehorse. Can we please collect some more details and fill out more scam list about them?