Bitcoin Forum

Hi everyone,

Here is our offering on Havelock. Its a very generic ticker name, but the offering is a bit different than what you've seen on Havelock, or any exchange for that matter. Feel free to post, chat, call, or E-mail us if you have questions that go beyond the prospectus, and this posting, as I am sure there is a lot to come. The offering size is large, but we believe that the request justifies what we're working on.

URL to Havelock: https://www.havelockinvestments.com/fund.php?symbol=HASH

Havelock Prospectus: https://www.havelockinvestments.com/reportdownload.php?id=107



What is the offering:

Big Trend Capital Investments, Limited is a duly-formed Hong Kong based limited company with a duly-appointed director with offices referenced on Page 1 of the Havelock Prospectus.

Overview

Big Trend Capital Investment Limited (BTCI), a Hong Kong Limited company has entered into a consulting services agreement with Coin Services LLC, an Ohio based cryptocurrency mining company, and hardware reseller, which owns and operates its trademarked “BuyAHash” service. As part of the consulting services, BTCI plans to help Coin Services raise additional capital for expansion by investing BTCI’s own and raised capital into Coin Services. Capital raised from the private placement will be utilized to grow the business in a variety of areas.

BTCI is a member of Coin Services LLC. Any investment made into BTCI shall be guaranteed by a pro rata amount of membership units of Coin Services LLC held by BTCI. Should the amount of investment be above the amount of membership units currently held by BTCI, BTCI shall obtain additional membership units from Coin Services LLC.

BTCI shall distribute any received profit/dividends to investors, as applicable, in accordance with relevant securities laws.

Coin Services LLC information

The below information is from Coin Services LLC about their business and expansion plans. While BTCI has relied upon this information to make it’s investment into Coin Services LLC, BTCI assumes no responsibility for the information presented below for any investment you make into BTCI:

Note: Any reference to us, we, our below in italics shall mean Coin Services LLC.

Target Markets

Our target markets excluding internal mining facilities include retail consumers of cryptocurrency hardware products by leveraging our contracts for exclusive and non-exclusive hardware. Additionally, we have concluded contracts to deliver cryptocurrency mining hardware to large PC retailers such as Micro Electronics (TM) via wholesale contracts.

Business Strategy:

By utilizing volume purchasing power through hardware fabrication and acquisition, we can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, we grossed approximately $450,000 USD, with gross profits of approximately $75,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.



Corporate Information

Coin Services LLC, an Ohio-based Limited Liability Company (Company #2191043) was formed on April 12, 2013. The registered address is 9051 Broadway Street Stoutsville, OH 43154.

A Different Take on the Traditional Mining Company

In the Cryptocurrency economy, dozens of mining and crypto securities have come and gone, some due to incompetence, but many through corporate malfeasance. Our goal is to change the paradigm of the Bitcoin economy by creating the largest eCommerce and retail presence in the largest Bitcoin market in the world - America through a multi-tiered strategy that allows us to diversify our business strategy to the changing whims of the market.

When Everyone is Mining, Sell Shovels

In early 2013, Coin Services, LLC started as a novel PMB through a few investors, eventually listing on Litecoin Global to sell contracts on the market. Due to delays with electricity/HVAC deployment, we started selling hardware to generate income while we couldn't mine. The result was far beyond what we anticipated: Within two months, we had sold well over $100,000 USD in hardware, and were able to turn hardware at incredible rates through various channels such as EBay, and our e-Store, eventually growing to offer products on Amazon as well.

However, due to volume, we were financially constrained on how much purchasing power we could leverage against large companies such as ASICMiner or BitFury. Capital raised from this offering will help us with our multi-tiered strategy to become the face of Bitcoin retail in the US and throughout the world, replacing faceless, nameless, and unreliable hardware companies with a world-class distribution facility, located near America's largest distribution hub, Columbus Ohio. This allows us to leverage very affordable rates to distribute products, as Columbus is world-renown for being epicenter of American population - over 2/3rds of all Americans live within 500 miles of our facility.

Along the way, we've also secured lucrative contracts with one of America's largest computer retailers - Micro Center, a Hilliard OH based company. As of today, you can walk into any Micro Center store and purchase products that we've worked with our factories to produce. We need capital and infrastructure to continue to grow this relationship, and this is where Havelock and you come into the picture, thanks to Big Trend Capital Investment.


Cheaper Shovels Mean Cheaper Mining

Of the many offerings available in the mining industry, we believe we present a very unique opportunity to investors. Due to a large focus on retail products, we will seek to leverage massive buying power with reliable vendors to deploy to our current and forthcoming facilities to ensure that we can offer both a fiat and crypto hedge on investments - mining to make the coins, and selling the machines to make fiat to cover costs, and return dividends to shareholders.

Thanks to our location, the new facility we're in negotiations to purchase offers some of the lowest worldwide prices for electricity as low as $0.04/KWh, and a significant amount of capacity available for us to expand. The facility we are seeking to lease will afford us up to 68,000 square feet of mining and product distribution space to start with, and enough acreage to expand if we breach capacity, as well as loading docks for distribution to major retailers like Micro Center.

At this juncture, we'd prefer to be nebulous on which machines we'd seek to leverage for internal mining, as we have not done proper cost analysis on miners from all major companies. We would note, though, that volume purchasing power through most hardware manufacturers results in 20-40% off of typical "Retail" prices that most mining securities state as what they are paying for their equipment. Additionally, we do not have a timetable on when the facility can have full capacity prepared for hashing - which is estimated to be at or around 1MW.


Store Due Dilligence:

Amazon

Storefront Rating (4.9 from 275+ Reviews): http://www.amazon.com/gp/aag/details/?seller=A2X6P52S5O7ZVU

CoinPayments.net Feedback Score (98%): https://www.coinpayments.net/index.php?cmd=feedback&sub=view&id=b0542bd35459d0be22228df260c565e8

Web Store: http://www.buyahash.com


Share Offering Information

Tentatively, BTCI is looking to issue 100,000 shares via a VIPO on Havelock. Shares will be released in tiers between (approximately) 0.021 BTC and 0.025 BTC for a sum total of approximately 2,400 BTC if our goals are met. This will allow BTCI to invest into Coin Services to aggressively pursue contracts with BitMain, ASICMiner, ZeusMiner, AlcheMiner, Gridseed, and non-ASIC manufacturers of mining accessories to dominate the American and Worldwide markets.

Corporate Governance and Due Diligence

Currently, corporate governance is controlled by the owner/operators of this listing. However, we will immediately seek after IPO completion to create a 3 to 5 member Corporate Governance Board (CGB) consisting of eligible shareholders of this offering to steer and advise Coin Services LLC. Optimally, we will bring the list of eligible candidates to a shareholder vote within 3 months of the IPO for a one-year term.

Elected CGB members will be required to make themselves available for expense-paid board meetings at company headquarters to review company documents, P&L statements, and company procedures and inventory to verify legitimacy of the offering, as well as provide any and all due diligence required of non-CGB shareholders.



The discussion here is for informational purposes only and shall not constitute an offer to sell any securities.

FOR NON US INVESTORS:
Offers to sell and purchase any securities shall be made through Havelock Investments. A prospectus may be obtained at https://www.havelockinvestments.com/reportdownload.php?id=107

FOR US INVESTORS:
Please contact Coin Services LLC at Funds@BuyAHash.com to enquire about purchasing any of the LLC member units. In compliance with SEC Reg. D. 506 exemptions, Coin Services LLC shall provide a Private Placement Memorandum and also requires certain Accredited Investor documentation prior to accepting any offer to purchase membership units.

SEC 506c Filing: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-210787&owner=exclude&count=40


__________________


More questions? Contact us a Funds@BuyAHash.com, or join us in our IRC Chatroom at: #BuyAHash on Freenode.net!

Reserved for additional information

Very interesting.. Although the sum of 2400 BTC seems very very high..

Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?

A note about self-moderation:

I am not a fan of doing this, but given the likelihood of NotLambChop and IPO Magic being shill accounts for rival exchanges / companies, I have no choice but to do this. I am not moderating questions, comments or criticisms. I am banning people that have accounts created exclusively for undermining threads here on the Securities pages. I will do everything within my power to answer any and all questions about the business, the offering, or due diligence.

2,400 BTC is a lot, but we believe the revenue we've generated justifies the asking price.

We would like to eventually develop a chip, but the capital costs are far beyond even 2,400 BTC. We would rather start with mining hardware/contracts/in-house mining and work our way up, rather than start with chips and then hope that they tape out.

Before the trolls get here, I'd just like to wish you luck, say that the reasons for using a HK company are very obvious, and point out to anyone new that you have been operating very successfully for a while now.

Thanks sir.

The crazy thing is that we have a 100+ page thread over at LitecoinTalk for business ops. Never once have we had a troll on that thread of the 100's of people that have asked about the business. Yet within hours I was getting doxx'ed by proxy accounts. I was expecting it, but not as hard as what we saw.

Its a rather dedicated group, and give them their dues they are right more often than wrong. But that is more because of the immaturity of the bitcoin space than it is because of their spidey senses.

Certainly. I can understand scrutiny, as there have been a lot of companies that are scams. I (too) have lost BTC on companies like NeoBee. But given that some accounts seemingly only have posts in the Securities group, with no postings on any other area of BitcoinTalk seems really, really shady.

can you clarify which generated revenue you are referingto, the 400K and the 40K profit mentioned before?

We generated revenues of about $430,000 USD last year on mining hardware sales.

Here's the link to the P&L that is going up on Havelock:

https://drive.google.com/file/d/0B3AANFxdm8P0MTVSbjNOUXJQOFE/edit?usp=sharing

A quick note:

We paid out 5,781.2 LTC in 2013 in Dividends, or approximately $20,959 USD. Additionally, offered a repayment system to very early investors that was accounted for within the Inventory/BTC row (why they aggregated it there) of approximately $20,000 USD, for a total profit of approximately $41,000 USD. This does not include revenues from Chase PaymenTech that were put in a reserve account, as they froze our payment processor for selling Bitcoin hardware. The initial reserve amount was an additional $20,000 USD. This was released to us this month.

H1/2014 should show a positive balance of about $35,000 USD plus dividend payments of $21,637 USD, or 1,496 LTC. I do not have an ETA on when that report will be out, but once the accountant gives me a timeframe, I'll be sure to let you know.

PM received will transfer over the questions I had thanks benny for the note

Well starting off with some forum trust is good bonus since you have litecointalk cred as well.
I looked at your prospectus but i'll need to analyze it more later.

But a few initial questions

By utilizing volume purchasing power through hardware fabrication and acquisition, BuyAHash can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, BuyAHash grossed approximately $450,000 USD, with gross profits of approximately $40,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.

At what exchange rate were these estimates made?

Through retail and mining, we’ve also acquired contracts to sell cryptomining hardware to one of America’s largest PC retailers, Micro Center, which currently generates over $1 billion USD in annual revenues, with retail stores in over 30 states in the United States of America. Through volume sales via partnership, we can continue to leverage our volume-buying power with fabricators, reducing the price of all hardware-related products within the cryptocurrency mining sphere.

If I get this part correctly this will include retail sales as well as internal mining.

General questions
How do you plan to combat difficulty increases
Who are your preferred suppliers of mining hardware or will it be in house
What is your estimated ROI @ the present exchange rate.
What is the estimate ROI on those tables factoring in the increases of Bitcoin difficulty set at 5% avg increase 25% avg increase 0% etc.
Edit in: Think its set to 0 If I read correctly

Edit: 104 Pages on litecointalk to read through lol so sorry if I asked the same questions and it was in there but I'll leave this post as is since it can act as a general reference point.
https://litecointalk.org/index.php?topic=3126.0

Quote from: Benny1985 on Today at 12:13:59 AM (https://bitcointalk.org/index.php?topic=703956.msg7978281#msg7978281)
On the statement regarding ROI - I understand that it doesn't include difficulty and price adjustments. This is why the variable was called out in the document. The reason for that is that its difficult to calculate a fiat-based ROI on cryptocurrency devices since there are innumerable factors that go into a cost analysis for a future that you, nor I, know. This is why I merely included base, known, values regarding electricity, monthly yield, and cost of machines when comparing a commercial/industrial setup vs. a retail setup. The last four pages which call out YTD earnings use much more conservative figures that expressly call out what we believe we can generate in both fiat and BTC values, including increasing electricity costs, based on increasing difficulty.

I think my response got lost in the shuffle on the last thread, so here was my reply:


1. Revenues were based on fiat sales only, exclusive of coins generated in 2013. In 2013, we paid out about 5,700 LTC in dividends

2. The primary focus is retail sales, with a secondary focus on mining. This is to (primarily) attempt to hedge against deflationary issues if we were entirely fiat-based (simply selling mining hardware), and to leverage the fact that we can get hardware cheaper than most other public mining companies.

Re - mining strategies:

Combating difficulty - Because of the fact we can leverage hardware sales, we will have the most efficient channel to ensure that we utilize the most efficient hardware on the market at our facility. For an example, we can easily sell out of, say, AntMiner S1's by utilizing Amazon or our eStore, and switch out with S3's on the same-day to ensure we have the most capacity per watt at our mining facility. We also can get top-dollar for our machines. Recently, we sold out of Gridseed units, and did so at about 30-35% above current retail prices, simply because we own the buybox on Amazon, and we can promote our products better.

Mining Suppliers - We could utilize in-house products, but it would be quite expensive to do fabrication runs initially, as most mining companies are leveraging 1000s or 10000s of machines per run. Eventually, we could compete with those numbers if we have an affordable chip to use. We have relationships with two PCB fabricators, and we could easily make our own in-house systems similar to RockMiner. The problem is that its (likely) cheaper to go to RockMiner and buy, say, $100,000 worth of equipment vs. fabricating our own $100,000. Once volumes reach >$1,000,000, the proposition changes and we can likely do in-house more (and this is a goal, likely something we'd do in a year or so).

Estimated ROI - Please view the last 4 pages of the prospectus. Here, we made estimates on ROI based on hardware investment and utility costs, less employee expenses. Additionally, I would note that we will focus on creating mining contracts to leverage as opposed to straight mining. The reason for this is that we can leverage your investment to build capacity, and work on having others (those buying contracts) paying for the physical hardware. This way you, as the investor, aren't having to pay for a potentially-losing proposition on ever-depreciating hardware values.

I have been doing business with Benny for well over a year now, and I am also one of the original investors from when he was listed on LTCGlobal. I have met with Ben in person and I have also physically inspected the facility. Ben has been trustworthy in every aspect of our dealings. While many of the securities that were listed on LTCGlobal exchange closed up shop and did the ol' smash'n'grab, Ben spent countless hours of his time in communication, effort and research to preserve the reputation, revenue and regular dividends while we have been waiting many months to be relisted on another exchange.  It is unfortunate that it has taken so much time to be relisted after the closing of LTCGlobal, but the reason for this is a very good one, in my opinion. Ben has gone to great lengths to research and voluntarily participate in the regulation that exists today and as it is evolving to fit this emerging technology.

 In every instance, Ben has always been available to listen to the needs of the investors, provide transparency and liquidity when requested, and has also been in regular contact with lawyers and the SEC to make sure he is operating within the legitimate realm of business as the regulators currently understand it.

This is NOT a new company IPO with an idea and nothing else. This is a solid business with a proven long-running track record of loyalty to investor interests and excellent customer service that is simply seeking additional capital to expand the operation to the next level. I urge you all to take a closer look at this offering and consider investing if you like what you see after your due diligence.

another self moderated money grab?

no, thanks :)

We have a 100+ page thread at LitecoinTalk that is un-moderated and contains the entire history of operations: https://litecointalk.org/index.php?topic=3126.0

Feel free to research the company and offering, and decide for yourself if its a money grab or not. Better yet, visit your local Micro Center (if in the US) and ask for our products. See if you think that having a huge retail presence there and elsewhere is worthy of investing in the company.

I am a longtime shareholder with BuyaHash, live in Columbus (less than 20 minutes from BAH), have met Ben multiple times, have seen the shop and talked shop, and have bought ASIC miners in person from him. All of the face-to-face has been since around April of this year when I was working on one of my projects. His consistency and availability has always been top notch regarding any project he is vested in. Proof of this is as close as the Ciphertrade thread in this same LT Securities section. There is more than a year (before LTCGlobal even thought of shutting down) invested by Ben regarding this offering and the legalities associated with it.

I'm very excited to see the offering announcement for Monday  (https://www.havelockinvestments.com/fund.php?symbol=HASH).

Your sig is the most interesting part of your post. Your comment wouldn't have anything to do with BaH selling mining equipment and your business/the business you represent selling mining equipment?

I don't think he's officially with MinerSource, because as far as I know, I've talked to a few people from them - very nice people. He may be a devotee of theirs that views the offreing as competition. Or it may be a coincidence. No way to say for certain.

Yeah, there's plenty of room in the ecosystem for some healthy competition. Though, it is somewhat flattering that a competitor rep would make such a quick negative judgement without at least looking more into the offering, or at least elaborating and articulating an informed response. Seriously though, I recommend to wait to pass judgement till after due diligence. :)

I'll throw my hat in the ring for BAH. Benny has gone above & beyond for shareholders throughout this last year. He could have taken the funds and ran after LTC-Global kicked the bucket but he continued to make direct payments to shareholders.

Full disclosure: I own shares in BAH.

I just have their sig, not for small btc i get from them but becouse i support them, i made few deals with them and i know that they are honest and polite people.

I did a deep research of your company and offering, i think that there is a small chance still to money grab trurnout.

I hope your company will be one of stars of havelock, paying dividens and have share price going up not down.

Maybe i will invest small part in this.

Whats the status of the 0.04c/kwh and 68k sq ft building?
How does a successful IPO affect the timetable or progress of this lease?
What happens to the old HVAC and electric equipment after you move the operation?
Last time you built a mining facility the construction seemed to take couple weeks too long cutting into profits. Will this time be better?

1. We're in negotiations for purchasing it. We've already won the auction and placed a down payment on the building. I will be approaching a few lenders next week about finishing financing on the building. If all goes well, we will have the deed to the building before we request a single BTC from Havelock. I would note that the reason we are seeking to buy it is because we can lease out a portion of the building (which will be far too large for mining/distribution) and fully offset any leasing expenses that we would face at the facility. The end goal is to have the company pay for no mortgage, no lease, and very few upgrades at the building - hopefully allowing for easier balance sheets that simply focus on mining revenue, hardware sales, and basic COGs/Overhead expenses.

2. It would help ensure that we can close the deal if any additional capital was/is needed for facility acquisition. As-is, the building is usable for retail/distribution, but not for larger scale mining. The facility is equipped with, at a minimum, 800a/208v service, but we need to continue investigation of the current capacity to see what maximum deployment is when we move in.

3. We will likely cut out the current HVAC equipment to be moved to the new facility. Furthermore, the facility is already equipped with a large number of air handlers/compressors. It was a former hardware sale company (think Lowes, but a mom & pop building). Regrettably, we could have purchased dozens of HVAC units at a fraction of retail when they liquidated the assets of the company. But there is still a reasonable amount of hardware available for utilization upon move-in.

4. We continued to pay out dividends regardless of where the facility was. Since our pivot involves a more retail-centric offering, we can put money into hardware resales, while ensuring that the HVAC/electric is done in a proper way. Once that is done, we'll leverage liquid capital from hardware sales to move into mining. Even then, I believe that we can broker a deal with companies like ZeusMiner that are willing to sell (or even give) you hardware if you're willing to split coin generation with them. This could be a scenario where the investor pays only for HVAC/electric installation, while we leverage said deal and merely pay for electricity - offsetting any hardware costs that the investor could occur while waiting (and losing) potential mining profits.

I want to know how acknowledging time of birth is pertient to running a business.

We've already answered more questions than any single issuer on any thread. We've had more personal information posted on this forum than Neobee/bitfunder/ect yet have had no investor complaints or concerns about our busines practices. Only outside individuals who are digging up dirt.

Whats the dividend schedule after all shares are distributed?
Litecoininvest.com BAH.C-PT is not run by you. Is the passthrough valid with share transfers to/from Havelock?
Recent new fans of your business found a UK operation hidden deep inside BuyAHash website. Whats the relationship with this UK store? How does their sales affect BAH profits?

Financial report 2013:
Utilities - Other was $11,500. Is this high or low for your area and operation?
Postage and Delivery was $20,000. Is this only getting more expensive as the business grows?

1. I will put the dividend schedule up to vote after we IPO. We will calculate dividends on a quarterly basis, through Sept. 30th. We can either do a lump sum payment every 3 months, or do the calculation every 3 months, and pay out bi-monthly (twice a month, similar to how we've paid out since last October). The reason we're looking at 3 month calculations is due to net-30 payments from vendors. Dividends would vary wildly from month to month if we, say, had a $100,000 payment from a wholesaler (Micro Center), then next month we show a ~$50,000 loss because we've had to pay for hardware up front.

2. I will be contacting the LTCI passthrough holder to see how he feels about passthrough interactions with havelock, and transporting shares to Havelock.

3. There are 2 UK operations, actually. There was/is buyahash.co.uk - This was run by someone that was very interested in starting a franchise model in the UK for our products. Unfortunately, he and his partner decided to split. The other partner (and the webdev that we've used for buyahash.com) went on to form Cryptobase.co.uk. I believe this is where that strange, errant code comes from on our website. My thinking is he copied some of the store code, and that is an artifact.

Generally, we've sold them products at a small markup, and have generated a reasonable amount of capital from them. The owner of buyahash.co.uk owes us franchise fees, but has failed to pay them for months, and I have been unable to contact him in quite some time. We've lost no money on the deal, as they paid up front for all hardware. But we agreed to a 10% premium on all products sold, and they've failed to pay that (about $10,000 USD last I checked).

4. Its slightly high for utilities. We're at a small commercial location at the moment with 400a/208v service, and the cost for electric is about 11.1c/KWh. We can get it down at this location to about 7-8c/KWh, but that requires (as far as I know) about 50KW of usage, and we haven't quite hit that. We easily could if we wanted to do full deployment at this location, but since we're working hard on getting a new location, I'd prefer to delay any additional infrastructure payments until we have a more permanent facility. We currently lease the building we're at for $900/mo + $300 in utilities.

5. Postage & shipping supplies was about 5% of our revenues in 2013. I believe this will decrease as a percentage of profits going forward, as we're leveraging contracts with DHL (for international shipments) and working to broker more deals with FedEx for domestic/large sized packages. One area of our business that has great success is that we offer free shipping to customers. For Amazon users, this means prime-type speeds without the insane markups that Amazon charges to get products within the Prime service.

I haven't got numbers back from our accountant, but I would think that we should see a slight decrease in postage costs as a percentage of gross revenues. Hopefully, we can target about 2.5 - 3.0% going to shipping/logistics services in the near future. Again, this is mostly a volume issue, and we can broker cheaper deals as we continue to grow. We've already managed to get DHL to drop prices another 30% within H1, and I believe we can get it down even further.

To give you an idea on shipping costs (since I deal with it every day, and tend to be excited about cheaper costs):

<13oz of risers/cables in the US - $3.09 + packing materials
3lbs of ASICs (USBs or Grid/R-Boxes): $5.10 - $9.95
AntMiner S3: $11.09
1lb Economy Worldwide Shipment: $15.83
5lb Canadian 3-day shipment: $41.03
10lb Australian Shipment: $71.03

And so on. Free shipping costs us very little to do in the US. We're still working on how best to compute international prices, as we do charge for internationals ($10 for economy, $50 for DHL). Sometimes, we can lose a fair bit of money on internationals if its a mid-sized item going to Eastern Europe/Scandinavia, but other shipments can make up for it. I don't have the report handy, but I believe in 2013, we charged about $2,500 in shipping to offset the $20,000, and I believe that margin was higher in H1, further illustrating savings on shipping.

Benny,

could you share your experiences doing group buys?

Apparently if one of us participates in your group buys and then sells the hardware on Ebay it makes us your clone. Also, will you continue to offer group buys after the IPO or will that part of the business be changing?

Group buys are a two-edged sword. I am not a fan of them, in that you put your credibility on the line against factories that may, or may not ship out in a timely manner. This can cause some issues. For example, we did a very large Red Fury USB buy last December. On one end, we did VERY well from it - we sold about $75,000 worth in about 5 days. However, we had a fair number of cancellations AND the factory decided to cut down how many we could order (initially wanted 2,000, but they only shipped 1,250 to us). Additionally, that is what led to our merchant processor locking our account, as they found out we sold Bitcoin hardware, which they deemed "High risk" (despite never disclosing this was an issue).

Re: Selling on Ebay - I could care less if anyone does it. It is the nature of the beast. This is why I (also) want to get enough capital to do away with group buys and simply control Amazon/EBay/eStore channels as strongly as possible.

If the IPO does extremely well, we should be able to stop doing group buys, and work more on the AntMiner S3 model of pre-pay group buys. This is where we commit capital to the order, and then notify people that we have X number of units in transit, and they will get them as soon as they land in the US. The AntMiner S3 group buy is the cleanest and most efficient we've ever done. Of course, a lot of that is thanks to our new logistical systems to track orders and efficiently route orders.

For anyone wondering what GB's we've participated in:

BPMC Nano Ice Fury USB Miners
Krakatau Mining Red Fury USB Miners
Gridseed ASIC 5-Chip Units
AntMiner S3 (Batch 3/5 - Ongoing)

Or at least those are the ones' off the top of my head. BPMC saw a 1 and 1/2 month delay. Red Furies were stuck in customs for ~10 days. Gridseeds went very well, but it took a few days to allocate proper shipping channels, as we did custom-fabricate ATX to 2.1mm DC cables for that GB, which slowed down delivery slightly. On the S3 Group Buy - they are supposed to land Monday/Tuesday, and I believe we can have 100% of the units dispatched within 2 days of them delivering to us. If we do that, it'd be a record for speed. Once we get the HQ, having loading docks would further ease turnaround for major mining buys. This is why we're wanting/needing a much larger facility... It gets much easier for USPS/FedEx/UPS/DHL if they can back a truck up to your shop and have you put the products into their LTL carrier than it is for us to drive a car/SUV/truck to their facility and pray we get someone that can pick up all the packages in a timely manner.

God forbid ben drop ships products or allows white label resell.

I suggest calling John Rogers at 614-499-5257 to make sure he starts telling people who call that you did indeed win the 68,000 sq. ft warehouse located at 2150 N Court St. in Circleville, OH, formally known as Circleville Hardware, for at the moment such is not the case.

So what did John say when you called him?

Given that you and Gleb are posting names/addresses of people that have nothing to do with myself, or the company, I have no choice but to delete your posts. If you want to post a scam accusation, feel free to. I am certain that, much like the thread Gleb has created, that many people view your malevolence as a negative, not a positive.

So you're asking for 1.4 million (2400 BTC * $600 per coin) for a company that had 450k in sales and grossed 75k in profit last year?

Have you lost your mind, son?

I hope you do well because I live about an hour from you and have a 25TH (and growing) mining operation, and it would be nice to have a bitcoin mining hardware supplier close by, but that valuation is absurd.

Also, I urge you to focus on the most profitable parts of your business and not try to expand in too many different directions at once.

Developing your own chip is crazy talk and a great way to go broke in a hurry. Multiple companies already have chips with similar specs (Bitmain, Spondoolies, Knc, Bitfury, and ASICMiner), so it's pretty clear that we're reaching current technological performance limits, so investing millions to try to re-invent the wheel is probably not the best idea.

Do you really need 1.4 million dollars of other peoples money to expand your business? Again, why can you just focus on the most profitable parts of your business and grow the business organically without putting a large amount of other peoples money at risk?

well done, community, great research.
i love to hunt scammers and read their unicorn tales

i am sure that i will not spend any satoshi at this.

thanks

Please note that $450k was last year. We grossed about $400k in the first half of 2014 alone (again, P&L is forthcoming). We think that this justifies the valuation. Yes, its aggressive, but unlike every other company trying to promote itself on Havelock/ect, we have an actual track record of sales and deliveries.

Developing a chip IS crazy talk. We are not going to deal with that at any point in the near future - that is, maybe, a 3-4yr goal *if* we felt like we had enough contacts to charter our own chip. A more likely scenario would be working with the major chip fabricators to do a line of products, which is much less capital-intensive (e.g. what RockMiner has done - we already have good relationships with a few fabricators. But the cost to develop your own line of miners is about $300,000-500,000 if you want to do enough product volume to get a reasonable price on chips and components).

On organic growth - the problem that we have is a lack of capital. Lets say we have $50,000 in liquid capital that we can allocate to purchasing products. It takes us 2 weeks to acquire products from the factories (BitMain, RockMiner, ect), then another month to turn 100% of the inventory for a 20% return on the spent capital, or $10,000 in 6 weeks. Once you factor in overhead - lease, utilities, staff payments, ect, that $10,000 dwindles down sizably. This assumes you can turn 100% of the inventory in a month, which may or may not be true (we have some products like risers that have been sitting for months).

Compare that to the alternative scenario of having $500,000 in liquid capital available for product purchases. In this scenario, we spend the $500,000, get the products in two weeks, turn the products in 5 weeks (lets add an extra week in for safety's sake), and make the same 20% return. We have made about $100,000, but still have the same fixed costs of staffing, leasing, and other overhead.

So in one scenario, we see a net profit of $3,000 - $4,000 in 6 weeks. In the other, we see a net profit of $75,000 in 7 weeks. Which scenario do you think we want to pursue?

On profitability, our focus is on the following:

- Bitcoin ASICs (10-20% margin, very high volume)
- Litecoin ASICs (10-20% margin, lower volume)
- Custom-fabricated cables & components (50-300% margin, low volume, but very consistent)
- New R&D products (We'd like to work with a fabricator to create a turnkey PSU solution to reduce mining power solution costs considerably. Margins would be 30-50% and likely a sizable volume of sales, but we need about $50,000 USD to get this line started)
- Misc. accessories such as hubs/switches/cables (50-500% margin, highly variable volume).


Additionally, we do not need $1.4 million. Technically, we need nothing. We already have about $100,000 in inventory + liquid assets. But given everything I've done this year, I've run into dozens of times to where we could have made hundreds of thousands of dollars if we simply had more money in the bank. Even if we sell the first tranche, I will consider the IPO successful, as it should be enough to get a few of the contracts we have stewing in the works.

Here's some data from Amazon.com back in February to explain a sales scenario: (actually: Jan 20th through Feb 20th):

http://imgur.com/DMVR2Or

The highlight here is that we made $54,000 USD in a month. The vast majority of that was between Jan 25th and February 10th, so in about two weeks, we made money hand over fist. Additionally, we paid about $5 USD/ea for the risers, with most being resold between $10 and $25 (!)

The problem? We had no more money in which to purchase risers for some time, due to how Amazon holds funds on their system (they pay out every 2 weeks). By the time we got the ~$30,000 from the risers, the factories had closed in China, and they generally did not open back up until ate February for production runs. By this time, the GPU/Riser market was in its sunset, and most Chinese factories saw the demand and started doing direct sales, along with threatening every Amazon seller on the market.

If we had an extra $25,000 or $50,000, we could have likely profited close to $200,000 or so, because we were the only seller of risers as we had anticipated demand during CNY, and purchased what we could before the Chinese holidays.

I can give you more examples of this. Most recently being AntMiner U2, S1, and S3 sales. On the AntMiner U2, we purchased 1,000 USBs from the factory. We sold approximately 600 on Amazon, 300 to Micro Center, and 100 to Cryptobase in the UK. The problem? They sold out and do not make them any more. If we had more capital, we could have purchased, say, 2,500 devices and essentially cornered the market upon them selling out. On the S3, I have request for orders for 300+ devices that I cannot fill, because I do not have $150,000 in the bank to wire BitMain.

This is why we're seeking capital. We've been selling products for a year now, and we always sell out. But we're not big enough to be able to grow the company because we're at that strange point that there's just enough profits to pay staff and pay dividends, and cannot invest a significant amount of capital back into new products (although we are trying to do that as fast as possible).

Even if we get $250,000 during the IPO, that will help skyrocket our business. Additionally, we have deals with Micro Center that are more or less contingent on us getting more capital. Again, I know that $1.4m is asking a lot, but I truly believe by the end of the year, that $1.4 million will look like a pittance compared to our position within the US distributor/reseller marketplace.

Finally, if you're an hour away, I suggest taking a small road trip and visiting if you are interested in investing. I can show you what we have in stock, and show you our order fulfillment systems / Amazon/BAH accounts to give you a better understanding of how we're turning products, and why the capital will be so useful for us. I am not sure which direction you're in, but Circleville is pretty equi-distant from a lot of places in Ohio, and we're about 2 miles from S.R. 23.

Yes. We do not need capital to remain viable as a business. All funds generated from the IPO will go into sustaining more capacity for the business and business model. The more we generate, the more profitable the model will be (certainly), but it does not change viability of the offering.

For the record:

If any current or potential investor would want any documents made available to them that are not NotLambChop or Gleb Gamrow (as well as their alternative accounts), I am fully willing to provide said documents. This includes (assuming there are no issues with the real estate agent), copies of the contract for the facilities we're in the process of purchasing.

I am not willing to provide these accounts (which have had accounts banned before on Bitcointalk) these documents, as I am certain they will not solve their inqueries into the company. If anyone wants to visit our offices, feel free to ask. I have met with about 5-6 members of LitecoinTalk/Bitcointalk/Reddit and other venues at our facilities, and am more than willing to show you our physical offices. Additionally, Funds@BuyAHash.com routes into my business E-mail.

Additionally, I am planning on visiting the Cryptolina conference in Raleigh, NC. If you'd like to arrange a meeting, again, I will be more than willing to meet with you and discuss/provide any documents that are requested.

To the idiots who love trolling a company that is legit, epic fail to them. Learn about the business before you shills start posting fud around like idiots.

Did you not understand what I just said research before you post like idiots. Fud everywhere.

I dont get why there is a made up person owning part of the company??
can someone gimme the breakdown what going on here, is there a made up person who owns a BTC company again......lol

Only a fool that is uneducated will never understand the logic of a company and the details that are fully explained here about it, if you don't read English and understand it don't post at all.

If you want mining equipment contact the guy, meet up with him if you are putting money on the line to make sure it's legit like anyone else who do invest time into a company.

Common sense seems to be hard to find in the crypto industry.

Hi stompysteve,

There isn't a made up person that owns part of the company. There is a director for BTCI that they are claiming doesn't exist. I am working to get him to come on the forum and make a statement about his involvement with BTCI as a director, and his involvement within the project. I did not anticipate the negative attacks from NotLambChop/IPOMagic and Gleb Gamrow that would force me to get him on the forums in a quick manner to somehow belay their fears that he is not real. John has been a part of this project (on the BTCI side) for nearly a year now as an adviser/director. Even then, I am certain that showing documents/information about John will solve any argument made by these people.


That is what I do not get, Jayson. I have yet to get a phone call, E-mail, or visit from either of these people. As I've stated, I will gladly meet them at the facility or at Cryptolina. I am unsure how much more I can make myself available.

Delete this, and I will buy some of your "units" during your "IPO," and then file complaints

here:  https://www.comapps.ohio.gov/secu/secu_apps/complaints/Complaints.aspx
and here: https://denebleo.sec.gov/TCRExternal/index.xhtml

Do it :)

LMAO! We're on the same page, bud.

That post was from nearly a year ago and it didn't happen exactly like that obviously. But as you can see, if you wanted to, we are in a similar neighborhood. I'd call that pretty good job on Benny's part to see where he's taking the company and working to get it there. ...and worth a mention is that when asked he gave an forthright answer.

Hold on! You are not being accurate in your statement. The documents retrieved from the Honk Kong company register shows that JOHN KENTON FREEMAN was appointed on 3rd January 2014. That is far less than "nearly a year". You are trying to imply that JOHN KENTON FREEMAN has been the director of BIG TREND CAPITAL INVESTMENT LIMITED since it was founded. That is not the case and you are aware of that. BIG TREND CAPITAL INVESTMENT LIMITED was founded by another company in Honk Kong, which appears to be a company specialized in found companies and sell them.

Moreover, you did not provided any evidence which indicates you are authorized by JOHN KENTON FREEMAN to act in behalf of BIG TREND CAPITAL INVESTMENT LIMITED. You also did not explained how BIG TREND CAPITAL INVESTMENT LIMITED obtained 40% of COIN SERVICES LCC.

I am more than willing to vouch for you if you clarify that. You said you received power of attorney of JOHN KENTON FREEMAN to represent BIG TREND CAPITAL INVESTMENT LIMITED. So where is the document signed by him? We all know power of attorney is not just granted by verbal agreement.

Hi Augusto. I am glad to see you back. I will work to have those documents to you tomorrow before IPO.

Having more capital to place large hardware orders can cut both ways. Many resellers of ASICMiner block erupters placed large orders last year and we're not able to sell through their inventory before ASICMiner really undercut them on price. Some of these resellers took a really large financial hit as a result.

There are way too many unanswered questions associated with this offering.

More specifically:

1.) Why does a US based company need a partnership with a Hong Kong investment company (BTCI) unless you are having issues complying with US securities law? This association simply seems like a legal gray area that could get you into a lot of trouble in the future.

2.) I don't see anything in the offering that provides any details about how new shareholders will get their money back. I also don't see any reason why the current owners of the business could not simply take any money raised during this IPO, use it for their own purposes (whatever they may be), pay out very low dividends, and dilute existing shares until they are almost worthless. The current valuation alone makes any shares sold during this IPO almost worthless.

3.) How many existing owners are in the business, and how much of the company do they own?

4.) If your business needs capital, why not follow a more traditional route and go to a bank with a solid business plan and try to get a loan? Have you checked into http://www.techcolumbus.org? They help small tech businesses get up and running.

5.) If you do treat new shareholders fairly and pay out decent dividends, it will also be hard to grow the business because you will be saddled with new liabilities to your new shareholders. The only way to get around this is to stiff shareholders.

Benny, would you be able to post the lawyers justification for thinking that this offering will pass the SEC?

There are certainly risks associated with buying a lot of hardware that may depriciate quickly. However, we would try to hedge against buying any one item, or one item class, so if they drop the price, we should be safe. Even then, the technology involved in mining hardware has maturated significantly. I don't believe we're going to see huge increases in price v. performance, as every company now uses 28nm or at worst, 40nm technology. Furthermore, the rapidly-deteriorating prices (seemingly) only happened with ASICMiner USBs and some of their other products very early on. Unless you got stuck with $200 USB's, the rest of the market did pretty well. For what its worth, we bought the largest number of USB's when they were discontinued - 3,500 units in October. We sold them all at a profit.

Other answers:

1) Early in the year when we were figuring out the best structure to handle both domestic US investors and foreign investors along with the investment being made in crypto-currency, it was planned to keep the two entities (Coin Services LLC and Big Trend Capital Investment Limited) completely separate. This would allow the foreign investment received to fall under Reg. S for an exemption from formal registration and simply withholding under IRS tax laws. (This was the wording you saw in the post).

As such I asked John to provide nominee services while I retained complete control of BTCI Ltd. via a power of attorney and control of the company
seals. Since then, the SEC and the IRS have become more clear on how to define usage of cyptro-currencies and as such and while it was decided to use the same structure we kept the same execution plan and we wanted to keep very clear distinction of the two offerings. We do not need to make it clearly two distinct entities, hence this posting explain and linking the two together for more transparency.

BTCI does hold 40% of the Member Units of Coin Services LLC. This amount of units is the basis of the investment on Havelock for foreign investors. US investors will invest directly with the US LLC via a Reg. D 506c exemption we have obtained from the SEC. To avail ourselves of both exemptions we do need to keep the two offerings separate from each other and will do such through the onshore and offshore entities.

While it seems confusing and complex, our goal is to maintain compliance with the many SEC laws governing private placement and foreign investment. Many other startups who have raised funds in crypto did not take the time, money or effort to keep in compliance and these are the stories we all have recently heard that shake the foundation of crypto investing.

Dividends, based on the Reg. S exemption can be paid from Coin Services to BTCI to pass on to Havelock for distribution to investors and we have tried to structure the dividend payout to have the least amount of withholding taxes as possible to put more return in the hands of the investors.

2) Re: Paying shareholders back - They will recieve 30% of all net profits generated by the company. Profits will be reported every 3 months on a GAAP-basis (or to the best of our abilities). As stated in the initial post and prospectus, we will create a 3-member board consisting of shareholders from Havelock to represent BTCI. These members will have access to any document they request of the company - including general ledgers which show all financial transactions within the company. This way, if any corporate malfeasance takes place, the board members can relay this to shareholders, and take appropriate legal actions.

3) In BTCI, all shareholder accounts are disclosed in the prospectus (approximately 60% being previous investors, and 40% being new as per the IPO). In Coin Services LLC, I own 60%, and BTCI owns 40%.

4) My understanding with the Columbus Tech Angels is that (as per their website), they mostly fund tech companies that work in science/industry, as opposed to retail-centric companies focusing on redistribution for products of a technical nature. I will likely contact them, though, to see what they say. In regards to a bank/business loan, that would be extremely difficult as we have only 1 year of income on our books. I've talked to banks about this already, and they have generally said that you need no less than 2 to approach a bank for a business loan. Alternatively, since Coin Services LLC is a 506c company, we can easily go the traditional route for fundraising via VC. We may still go that route, but I've focused very heavily on working with crypto platforms, as we got our start on Litecoin Global, and I somewhat wanted to keep within the crypto community if it were possible.

5) With 30% of net profits being allocated towards dividend payments to BTCI, I believe that we can use the remaining portion to reinvest quickly into the company to grow out the products and offerings. As per the prospectus, we have a reasonable range of services we want to leverage between retail, mining and contracts. I think all 3 categories complement each other in such a way that we can return a meaningful dividend to our shareholders, while ensuring viability for the offering. That is what we're trying to focus on - viability - as opposed to the (seemingly) losing proposition of yet-another mining bond. As per the last two pages of the propectus, I believe we can have ae very strong BTC-based EPS, even in a future where Bitcoin sees significant appreciation against the dollar. This is why we want both mining *and* (primarily) sales. Each hedge against the other - mining hedges against fiat, and sales hedge against crypto, so we can mitigate BTC volatility in our earnings reports.

Gleb, any reason you're not posting under your normal account of Phinnaeus Gage?

Yes. It's locked.

Why? Did people report you because you were throwing off their threads?

Worse!

I am working on getting the signed copy of the various agreements / registrations with the Hong Kong Corporation prepared and sent out to two neutral 3rd parties to vouch for their validity. If this cannot be done prior to noon, EST, I will gladly postpone the IPO until said people can verify the agreements. Additionally, I will provide them a redacted copy of the purchase agreement for 2150 N. Court Street, which will show that we have 90 days to purchase the building, and we are said winners of auction that took place on June 12th.

I am in possession of the signed real estate agreement as well as the executed agreement with mentioned HK Corp.

Post it.

I don't see the need to do so.  I am confirming that stated info is correct.  Folks can make up their own mind based on our reputations, or lack of them.

What "two neutral 3rd parties"?

MrWDunne and CanaryInTheMine

In first place, you are not a neutral party. You already showed interest in participate in this scheme as investor.

In second place, a statement without verifiable evidence is not credible.

Anyway, are you stating you verified the authenticity of the power of attorney document provided by BIG TREND CAPITAL INVESTMENT? Did you verified the signature of John Kenton Freeman?

Oops, MrWDunne is not a neutral party as well. As indicated above, he is biased in favour of this scheme before verify whatever document was presented to him.

Wait, it is that true, Benny? CanaryInTheMine is underage?

Not to be rude, interwebs dood going by "CanaryInTheMine," but do I know you?  Have we met?

If not, please post the documents which should be publicly available.

if you attend conferences, we probably met. :)

OK, since I do not see him denying this statement, I will take as true.

So, Benny, you are not clarifying anything at all. You still did not explained how BIG TREND CAPITAL INVESTMENT acquired 40% of COIN SERVICES LCC. You also did not provided verifiable evidence that you are authorized to act in behalf of BIG TREND CAPITAL INVESTMENT. Moreover, as NotLambchop showed, you filled the SEC form and did not indicated that COIN SERVICES LCC was providing securities for non accredited investors. That means, we should see at least the number 1 in the question 14, which would indicate you had sold part of the company to BIG TREND CAPITAL INVESTMENT.

Which is meaningless for the current situation. He is 17 years old and have no credibility to attest the authenticity of documents. He already showed interest to invest in the scheme, so he is biased. Moreover, his identity is unclear.

I thought you said the other one was 17? If you can't keep your mad accusations straight how are we supposed to?

holdings in which company?

nope.  does that mean you are a liar?

I think you are overlooking the fact that RiverBoatBTC is far from a lone voice in this thread.  Regardless of his motives, facts be facts.
Not much you can do about them :-\

@Zigz: WAT, and:

So are you saying you are in cooperation to spread FUD? I mean so far Riverboat, you and Gleb have a quite a collection of negative history in the community. Yet you are here why, to save potential investors from themselves? How selfless.
Give me a break.

Lem, it's easy.

You see. You get a group of shills or a few accounts. Then you start the smear campaign against new companies. You make up claims. You manufacture lies. After a week or so people are wondering "Why are they doing this? They have no grounds for it" That's when you send the email "Send XBTC to this address and it all goes away."

It's just little kids with nothing to offer the world.

I think I'm starting to understand this hustle. Trawl new company IPO until terms/payment is met to shut up.

Well, it's probably more like:

"I'm literally fucking insane and in massive debt to society, I have nothing better to do with my time. The fact that I'm literally insane makes it seem like I'm trolling, but in reality, I'm just a lunatic that needs medication."

Negative history? pretty sure my trust is not red last time I checked the rest is just but hurt people like yourself. Go check the lending thread think we are bad a calling out scams here go over there and have a peek how ruthless they are.

So what you are saying is you tried to scam others... but you failed.

So you are just a failed scammer masquerading as a failed businessman? This gives you integrity?

Posting again since some forum users like to fill up the pages with unnecessary posts off the topic.

Also lets see the real estate paper work.

This was provided to CanaryInTheMine.

Welcome to "America's Dumbest Criminals"!  

By buying a share, not only do you agree to shoulder part of any punishment or legal action any government agency takes against any enterprise (depending on local laws, LLC structure, etc.), you have just publicly posted that you want to blackmail an entrepreneur. Government agencies aren't known for their sense of humor but in this case I think you'll make it to their moron of the month board....

BTW I'm pretty disappointed that the sum total of all "investigations" you guys have done have only managed to bring up public documents that these people have posted in good faith.  Yes, there are some flaws and nebulous areas but nothing with flashing "scam" neon signs. If your goal was to buy low after the IPO, epic fail - so far you've only managed to prove that HASH is the company that is trying the hardest to be SEC-compliant out of all crypto-stocks listings and is being delayed and hampered by the very slow updates to the law.

If you don't like it, don't buy it.  If you do like it, get a licensed proxy to buy shares for you.  Problem solved, no laws broken, no sudden rear pain while looking for the soap in cell block C.


ps: I am not a lawyer.

He is a share holder correct?

No. I have no knowledge of him ever involving himself as a share or bondholder of this company, or any company I have owned/operated/managed.

you obviously don't know how to read.  I've already said that I am not a shareholder in HASH.

RENT?

no.

Benny, you are admitting you provided sensitive documents to a 17 years old boy which already showed interest in your scheme. He is not in a credible position to attest the authenticity of such documents. Look like you are not taking this matter seriously enough. You are trying to raise a large amount of money and expecting people to trust in a 17 years old boy statement. Do you think in the real financial markets such thing would work? Please, show me a case of a company which raised a large amount of money with a 17 years old boys attesting for them. I think you are going to find none. Unless you provide this documents for the public verify (your offer is public, remember?), you are suspicious of misrepresent a company.

:) I am not 17.

I was going to invest in IBM but they wouldn't send my every document I needed, so instead I made prank phone calls and spoke badly about them in forums.

You mean a public company like IBM, doesn't make every real estate contract they participate in publicly available?

OK, who are you? What is your age? What background do you have to attest for the authenticity of such documents?

see my comment regarding cryptolina

And just so this doesn't get buried:

if you are unable to attend cryptolina, let me know which conference you will attend.

This do not answer any of my questions. You and Benny are avoiding trying to clarify important details about this offer. I do not know who you are, what is your name and what is your age. So I would certainly not trust in your capacity to attest for documents I never saw.

Benny, I promised to vouch for you if you provided the evidence for the questions I posed. You did not and I do not trust in people with a vested interest in your business.

if you are unable to attend, you can just say so.  there are other conferences you can go to.

What has an attendance to a conferences anything to do with the questions I made? Why are you repeating the same statement you did to another user?

Look, it should be easy to you answer the questions. I do not need to attend a conference to verify what you answer. All you have to do is provide your name, your age and the reason why you are credible to verify the authenticity of documents.

By the way, just because you happen to be found in conferences it not means you are credible to verify documents and vouch for business you are already interested.

I can confirm that I have seen both the property contract and the contract between the HK company and Coin Services LLC. They do have the square footage required.

Benny said he controls the BIG TREND CAPITAL INVESTMENT via power of attorney. We all know this is granted by a written and signed document. We all know as well that such document is very sensitive since it proves that a legal entity is authorized to represent another legal entity. Benny just admitted he was preparing a signed copy to send to neutral parties appointed by himself. This was stated at 02:01:49 PM (GMT). Anyone familiar with validation of documents knows that it takes more than few hours to authenticate sensitive documents. So after Benny statement, at 06:02:31 PM (GMT), CanaryInTheMine made his first statement confirming he had the documents sent by Benny. When I confronted CanaryInTheMine that he had just digitalized copies, he insisted he was in physical possession of the documents. So we are lead to believe that Benny got a copy of two important documents verified and signed, then sent to CanaryInTheMine and MrWDunne in 4 hours frame time? I am starting to think CanaryInTheMine refusal to publish the documents is due the fact that there is no power of attorney. CanaryInTheMine insistence to not reveal his name reinforces my suspicion.Assuming that Benny sent the verified and signed document copies via mail, it is quite easy to him produce evidence that he did this. All Benny have to do is present the receipt or the tracking number of the mail sent to CanaryInTheMine and MrWDunne.

It is also worth to note that both CanaryInTheMine and MrWDunne are not providing the necessary details about the documents. None admitted they had received a verified and signed copy of a power of attorney. CanaryInTheMine addressed the document as  "executed agreement with mentioned HK Corp." and MrWDunne as "contract between the HK company and Coin Services LLC".

True, I am not native English speaker. However I know Bruno for enough time to know that his is being sarcastic. I really wished Benny had sent the documents to me. I would vouch for him after examine the authenticity of such important documents. Instead he decided to send to people already biased in his favour. I think I did everything I could to clarify what was necessary. Now is up to Benny comply with what he promised. I will not insist on this matter further and I wish all the best for all parties involved.

Augusto, if you were shown the documents would you share them with everybody else or would you only examine them for authenticity and then report back here?

I wonder if Benny cloaks some his of domain names to keep his ID secret from the prying eyes of his God: https://www.google.com/search?rlz=1C1CHFX_enUS549US549&es_sm=122&q=%22Creation+Date%3A+2013-12-13+12%3A12%3A00Z%22&oq=%22Creation+Date%3A+2013-12-13+12%3A12%3A00Z%22&gs_l=serp.3...2211.2211.0.2522.1.1.0.0.0.0.101.101.0j1.1.0.chm_loc%2Chmss2%3Dfalse%2Chms2min%3D10%2Chms2max%3D10%2Chmtb%3D120%2Chmta%3D1440%2Chmrde%3D0-0%2Chmde%3D1-0%2Chmmpp1%3D0-5%2Chmmpp2%3D0-3%2Chmth%3D4%2Chmffs%3D10000...0...1.1.49.serp..1.0.0.2DP6e2rBT2M

You know what would be so fuckin' funny? What if... remember, this is ONLY a what-if thingie... what if Brandon and Benjamin Schlichter ministered to children at their church. Their only  saving grace (no pun intended) would be if parents of said children (if such were the case, for I'm not saying such is true) didn't have internet connections.

This fuckin' sucks! I just received an email offering up proof, of sorts, that it's possible that Brothers Schlick may be behind another Havelock IPO that consists of...wait for it...gambling. S/He's proof looks pretty damning, thus now I may need to vector my research over there. I also had a hunch, and did see some of the links presented, but now have to revisit them and see how the dots connect. To think all this exposure was due to Danny Brewster.

That depends what Benny wants. I could examine the documents and report back without share with anyone. However I recommend Benny share this documents with the general public. This would certainly result in a great deal of trust to him. If everything is all right, there is nothing to fear from public scrutiny.

In all honesty, do you really think that making the documents publicly available would stop these guys from continuing to use Google to "research" and invent more distractions from the actual topic?... I would agree with you if we were dealing with rational human beings. However, it's quite evident that we are not.  It's amazing how much complete rubbish they have posted which has buried any loosely relevant points they may have had, while removing any credibility by their use of infantile rants and insults.

Had they stuck to any specific point or line of reasoning, their posts may have had merit. But if you notice, there seems to be a pattern that the people with genuine inquiries that may be considering the offer are on topic and have posts that are respectfully worded. While the posts speaking out against this offer are quite rude, disrespectful and insulting.

It's funny that the FUD spreaders very presence and amount of effort spent seems to indicate how truly threatened they are that this offering has the potential to be quite successful.  

Ok, you can stop illustrating my point now... I guess my line of reasoning is that if any of these posts had relevant information then you wouldn't need to resort to threats and insults to make them.

I really wish the "USB-Crayons" input device had never been invented now.

Same quote applies here with BTCI and Benny.

https://www.havelockinvestments.com/fund.php?symbol=HASH


So BIG TRENDS CAPITAL INVESTMENT LIMITED owns and operates the trademark "BuyAHash"?

Let me note that Benny already registered a company with the name "HASH BUY LLC":

http://www2.sos.state.oh.us/pls/bsqry/f?p=100:7:0::NO:7:P7_CHARTER_NUM:2298945


It is becoming confusing to determine who owns what...

Hash Buy is an additional LLC I created if we ever needed a subsidiary to hold anything, such as the facility we're working on purchasing. Although I've paid for it, it has no EIN associated with it, and has not been used for anything as of yet.

Coin Services LLC owns the "BuyAHash" trademark, not BTCI.

To Gleb Gamow / NotLambChop / IPOMagic / RiverBoatBTC:

I am not allowing further discussion on this offering by these accounts, or any alts that I can find. You have your own thread in which you can post whatever you like. I will continue to delete any and all posts you make here, as its very obvious what you are trying to do. If you don't like what I am doing, do not invest. If you believe I am scamming people, post in in your own thread to compile whatever ideas you like. I will continue to allow anyone else to post here.

Better add theMiracle to your list, Benny, for he's quoting posts you're deleting.

Looks like this is going to be your new full time job - deleting posts. Best order some Red Bull from Joshua Zipkin, for it's goin' be a long one.

Just report the posts. They have their own thread.

I think it's a tempest in a teacup.  Only 23 shares total sold today, ~1/2 BTC.
Gifted panhandlers make more. 

Talked to the people at the Auction finally, They said it is not a normal practice for them to extend the 30 days to close time.... care to explain? Or are you just going to delete this?

Did you talk to John Rodgers?

You can find Units Outstanding on the Overview page. There's not need to copy-paste API logs.

I did call John Rogers and I spoke to John Rogers.

I used the info I found here:
http://www.ohiorealestateauctions.com/ourauctioneers_details/81

I asked "Hello, I saw a property listed at 2150 N Court St Circleville Ohio. I know nothing about it. Is it still available?"

John: "No it did sell at auction"

I suggest you call him. I used 614 499 5257 the "C" number on that webpage.

It rang twice and he picked up personally. I asked for no more details. I only asked if it sold. Why not ignore the trolls and just do the same yourself?

Edit: Spelled Rogers Rodgers

Further Edit: The auction is also listed here:

http://www.ohiorealestateauctions.com/property_details/2150_n_court_st_circleville_ohio_43113_previous_hardware_store_building_with_over_68_000_sqft_and_3_acres_568

under "Past Auctions"

One more Edit: I have declared this already but the thread has run long - I am a shareholder.

The property is not sold, its under contract until the 12th with a 150$ a day fee for everything over the initial time frame. There was 4 bidders 2 absentee bidders. I also explained the told Mr. Rogers how they were raising money and they would not release the documents to the public to raise money. I was then told its public and he only had agent responsibility to the seller as Brandon is the the buyers agent. He seemed concerned that they were using shell companies and would not release information to the investors. I talked to him about the legality of this in Ohio the shell company and such. His thoughts were the same as mine, RENT is a REIT and has 0 legal protection from the SEC him being a US Citizen he has to follow US laws. The contract expires on sept 12th and he has 2 back up offers waiting on the property already.
The only thing he really wants is for them to pay for the property so he can get his com check, very nice and talkative fellow :).

I told the auctioneer they have about 1k of the money so far LMFAO

http://s2.postimg.org/95y641g2x/Rental_Starter_is_a_Scam.jpg

Mes think SEO is highly overrated. Mes goin' for GEO (Google Engine Optimization).

https://bitcointalk.org/index.php?topic=717734.0

I can't wait till Benny's porn sites IPO, like this one: http://www.alexa.com/siteinfo/ohiostatedates.com

http://s30.postimg.org/3t9m515sx/RENT_to_HASH.jpg

Brothers Schlick will simply convince their investors that it's urgent to take the funds outta RENT to pay for HASH's facility since RENT's going to use it also. If they're short, they'll get the remainder from THEIR Church's coffer, for the children they minister to won't miss it. I guarantee you that there's some backdoor deals talking place unbeknown to their investors that's going to come back later and bite everybody in the ass.

If Brothers Schlick are more than willing to stick it up their God's ass by being involved in Gambling and Porn enterprises, they won't blink twice as they reap off fellow bitcoiners through their deeply obfuscated RENT and HASH.

Brandon Schlichter has already been caught lying on another forum when he tried to show that his brother was making $129,000/day selling Android Apps, offering up Photoshopped images as proof.

Brandon Schlishter claimed to be making $8,000/day and showing others how they can do the same on his YouTube channel: https://www.youtube.com/watch?v=Tv57GqAUsyI

The main company behind their SEO megaprise was 1337 Ventures Inc. (http://www2.sos.state.oh.us/pls/bsqry/f?p=100:7:0::NO:7:P7_CHARTER_NUM:1799436), of which they claimed was sold to concentrate all their efforts on RENT and HASH.

The following is what 1337 Ventures INC (http://www2.sos.state.oh.us/reports/rwservlet?imgc&Din=200823101354) consisted of: https://www.facebook.com/pages/1337-Ventures-Inc/107092102658302

http://s10.postimg.org/3mbm8qru1/1337_Ventures_Inc_Schlichter.jpg

I'm sure that it was outgrown its current location and it, too, will be leasing space at 2150 N Court St, Circleville, OH.

A year ago, Brothers Schlick were trying to get a couple Litecoin miners to function properly. Today...

http://nickatkin.files.wordpress.com/2014/05/emperors_new_clothes.jpg

Wow, you guys are still posting the same trash and unfounded allegations because you have nothing better to do?  Seriously, go get a life instead of bothering an honest business trying to run the business. This thread is for the people interested in the offering to ask questions. You have your own thread, which I might add, is posted in the wrong part of the forum. It should be posted in "Scam Accusations" instead of purposefully and maliciously made to look like an official thread.

As stated before, if you don't want to invest then don't... But, it looks like plenty of people are interested despite your best efforts of spreading FUD, which you are now recycling...

I can see you being a pirate40 victim.

Benny was very open with who he was when the company first launched on litecointalk.

He has done business now for a year, including tens of thousands of products to individuals and business. He has forged deals with brick and mortar Micro Center which has over 20 retail locations across the United States.

Benny has paid dividends consistently, even without the infrastructure of an exchange. He is quick to fix problems and generous in making reparations when problems are encountered, such as shipping additional product to make up for delays, and honoring deals (such as refunds) very quickly. He has consistently conducted himself very well with BuyAHash.

I have only had extremely good interactions with Benny. The accusations I am seeing is that Benny wants to make money. When you sum it up. Benny wants to make money. When you want to make money, you get involved, start a business, and provide a good product and or service. Benny has done this.

Bruno is simply a mentally handicapped unstable extortionist. It is very evident that his mental state has deteriorated over the years from reviewing his post history. This is very sad, as he is not that old. The only thing you can do for Bruno/Phin/Gleb/Notlambchop is feel pitty, and hope his posts can be moderated in a way that takes into account his disability.

You comparing Benny to pirate40 is so far off, it's not even laughable. In reality, it makes you look like a total idiot.

http://s18.postimg.org/5s1qr0jt5/HASH_Trend.jpg

To da moon, albeit it has yet to clear the launch pad. Too bad you can't invest, being from the states and all. We're sure you would have purchased enough to at least get this ship to the 72s mark of reaching escape velocity.

The only saving grace is that there's now enough in RENT (https://www.havelockinvestments.com/fund.php?symbol=RENT) to pay off that 68,000 sq ft facility that Benjamin Schlichter won at auction, currently having to pay the $150/day late fee. Luckily, the taxes are ONLY $15,000/year. Insurance? And, the 50 grand Benny quoted to get the facility ready for the electric needed to power them LTC miners in what used to be a 5,000 sq ft Ace Hardware. The rest of the buildings are just glorified sheds sans insulation.

How about you post with a real account instead of hiding behind a noob account first...
Second don't type words on my keyboard,
I will break it down for you so maybe you understand a little better.
I = Me RiverboatBTC
Can See = you are the type of person
Being a = who
pirate40 victim = you only see things from one side

No where in that statement did I ever compare either benny to pirate, or am I missing part of that sentance?

Koolaid drinkers I swear

This is my only bitcointalk account.

Hi there, boldar!  Thanks for pointing out the need for new material!

Has Coin Services LLC provided you with a Private Placement Memorandum and obtained your Accredited Investor documentation per SEC regulations, as stated in the "Overview" blurb on Havelock?

Unless Georgia has, unbeknownst to me, succeeded from the union, your babbling is contributing to the pwnage of Brother Ben, which is already in progress.

Onward, Christian Soldiers! :)

@Gleb Gamow:  I'm afraid he already is an "investor."  With friends like him, who needs enemies, amirite? :D

amazing you know that much about pirate40
Date Registered:   July 27, 2014, 07:14:07 PM
Last Active:   Today at 10:39:50 PM

only account  ::)

It disqauls private placement loophole, this forum is public and a U.S. citizen is asking for funds that will be funneled into a U.S. company. The fact it goes to hong kong first makes no difference.

You're so silly. It's no wonder you aren't taken seriously.

And, your point is more nonsense, just like the rest of them. US investors actually could participate if they are accredited or they utilize a trusted international person as a proxy. Just thought I'd point that out since your monologue seems to be lacking in balanced factual information.  Also, the other post above was a reference to the honesty and quality of the business and CEO and not a promotion of the offering itself. Still batting zero with your threats I see...

You're going to have to actually present a logical argument if you're going to get anyone to actually buy into your FUD.

Regulation S states otherwise...

If you had 5-8 year old children attending a church, would you like to be informed that their ministers (yes, plural) were administering gambling and porn websites on the internet, or would simply tell those who informed you to kindly fuck off?

Brothers Schlick have pissed off the wrong people, ergo somebody's goin' make da call. Getting excommunicated from a church is not a very pleasant experience.

http://assets.nydailynews.com/polopoly_fs/1.1841565!/img/httpImage/image.jpg_gen/derivatives/article_970/mormon25n-1-web.jpg

More threats from someone with accusations and not a full set of facts, or marbles.  Also, what's this I see about RiverBoatBTC being involved in his own offering?  Contradiction? Conflict of interest, jealousy? I'd wager on all three...

I never have been or will be involved in the selling and or renting of mining equipment. If you want to make accusations please provide proof like I do or risk negative trust for spreading fud  ::)

ok, well I at least have you on contradiction then... :-P

Seems like you lack the skill to fact check why would anyone ever listen to someone who just goes with the crowd? Anyone can repeat what other people say, I call the Kool aid drinkers. Try checking stuff out for yourself stop listening to what people say its how you get screwed in the bitcon world.

Show me a team that went through a year of exchange shutdowns, delays, etc and always did its best to save/preserve my investment instead of running with the money and I'll invest in them too.

Sorry, legitimate HASH investors, I'm going to poke the trolls. I urge potential investors to disregard this post.


Dear "Whiteknights",

Your posts belittling how much the IPO has received actually work against yourselves, you're failing in preventing everybody from buying shares and actively showing it! Besides that, rather than "omg look how little you've got" shouldn't you being simply telling people to stop buying as "its a scam"?

How many children attend a church has nothing to do with this discussion, regardless how you try and sell it. Fact is, you haven't been able to deconstruct the business (a year's worth of success probably makes that pretty hard) and now you're made to look the fool and attempting to fabricate what a google search returns into something worthwhile.

Lets recap the best, relevant, arguments, so far:
- You puts all eggs into the one argument that Benny didn't win the auction for the 68,000 ft facility at all and, if he did, only had 30 days to close: This has been debunked.

Guess that's all we've got time for folks, carry on.



PS. (without sarcasm now) Please make a legitimate argument against the business, I'm more than willing to get to the bottom of any more confusion that you may have with regards to it, speculation that it's a ponzi scheme, is just that, speculation, give me some real meat to chew on and I'll chow down.

Lolno.  You have purchased your "shares" before Benny filed this Form D (https://www.sec.gov/Archives/edgar/data/1598311/000159831114000001/xslFormDX01/primary_doc.xml) with the SEC.
Overlooking the fact that said filing is fraudulent, it is unlawful to sell or promote the sale of unregistered securities to US persons.
By US persons.
From US soil.

It's a never-ending list of fail.

And of course there's this:

Lie to me and tell me he did.

Last but not least:  You?  An accredited investor?  Bro, I've read your typings.  Don't make me laugh.

@Cazz0r:  Hi there newfriend!  Of course no one should buy into such a shit-tier scam.  But I'd be lying if I said I didn't enjoy laughing at this thing failing this badly.  A clever man once said that no one ever went broke underestimating the intelligence of the American people.  Lol, there's always a first :D

That's a pretty short list to be "never-ending"... It's funny that the relevance of these arguments rely on crypto being classified as "currency" last I checked the general perception was that it was not classified as such. At least there is attempt to file voluntary participate in regulation as it evolves. How many of the other offerings that you've spread your FUD on have done this much?  It's one thing to jump through hoops, but it's a completely different thing when those hoops are moving.

Nobody, but Brothers Schlick, knew the location of, or what the 68,000 sq ft facility consists of until I uncovered it. Benny always referred to it as a conventional real estate purchase, only recently revealing that it was indeed an auction purchase.

Benjamin Schlichter promised to release who is this mysterious John Kenton Freeman, yet to this second no such person has been presented.

Brandon is on record in bragging that his brother, Ben, makes ~$350,000/day via selling apps, but no longer replied to that thread once people question its validity.

Brandon has a YouTube video showing how you, too, can earn $8,000/day via Google.

In spite of all that money made, they virtually had nothing prior to mid last year when they struggled getting a couple Litecoin miners to run properly.

What part of this post is a lie?

The part where you started typing...

Fuck with me one more time and I'll turn your gray knitted stocking hat sideways.

...and more threats because you have an inability to play nice with others... and also an absence of logic, for that matter.

See he brings up valid points and you act like that.

Lulz and that ain't even trolling apparently.

Not that you had any legitimacy, but if you had, what little left would be gone now.

oh god... lol

It's irrelevant what crypto is classified as.
Where are you getting this idiocy?
How old are you, really?

@Zigz:  Thanks for continuing to shit up the thread.  Every soul is useful!

I never said anything was a lie. I did question the relevance of the things you were arguing.

I beg to differ on this tid bit:
This is inaccurate, its been my knowledge all along that it was an auction, a source to this I cannot provide at this time but I'll track it down should it be warranted.

This I cannot argue. I haven't seen a post yet from John, this is a promise that is still pending. However, trusted members of the community have vouched for documentation to do with this matter. As far as a name on a piece of paper, this is all that John is at present as Benny has power of attorney of BTCI. So, I'm not sure if having John come onto the forums to say "Hi, I'm John" (bare in mind that this could be anybody) is at all needed with this information.

What Brandon does/doesn't do isn't relevant here, he is, at most, a trusted advisory source to Benny, of which most of the conversations are public in the IRC channel and it's usually a few people participating. I won't even go into attempting to prove/disprove that this is/isn't Brandon that made the video or is him cited "on record".

http://s18.postimg.org/5s1qr0jt5/HASH_Trend.jpg

Since you're a staunch supporter of HASH, and seem to have no problem purchasing shares, seeing that the market cap's ONLY at ~$5,000, it's obvious you didn't invest much in this venerable endeavor.

For Brothers Schlick having the bestest IPO to date sans nary a worry, where's the five-digit investors? Looks like all the nickle and dime investors are already in. Even Benny's Litecoin thread has become stagnate: https://litecointalk.org/index.php?topic=3126.1620.

What I'm witnessing is a Dead IPO Walking.

Yep! I threatened to turn your gray hat around, in reference to your avatar seen elsewhere, of which I'm kind enough to not publish, i.e. your Twitter account.

What a cute little crook. Threats, extortion, blackmail. What crime doesn't Gleb Gamow/NotLambchop/Phineas Gage/Bruno Kucinskas JR participate in?

With so many honest ways to make money, why would they hide behind a screen name and a tor proxy? I can think of a few reasons...

PS: I don't speak Russian... 

http://en.wikipedia.org/wiki/Actinopterygii

Hey, guys. Can we call a truce on busting the balls of HASH and RENT?

I've read their entire Litecoin Forum thread, and the best I can come up with is a tiny handful of missteps that may, or may not be concerning, of which it's those that we've collectively beat with buggy whips.

To date, I don't believe there's been one disgruntle customer or investor of theirs.

I've come to this conclusion on my own accord sans speaking personally with no one, thus don't want be judge by fellow bitcoiners-in-arms, and the pleasure of your participation was all mine.

I'm sure if we hunt hard enough on this forum  ::) we should have no problem finding bigger fish to deep fry.

~Bruno Kucinskas

PS: If at all possible, please show us something pertaining to John Kenton Freeman.

Ironically, this truce has lasted longer than any of the ones involving the Gaza Strip of late.

Gleb Gamow and RiverBoatBTC,

I have to assume that you both have an ulterior motive here. I mean you've been posting constantly about HASH for well over a week now and I've made one post...and I'm an investor! Seriously, you either have absolutely no life or have a financial interest in seeing HASH disappear. Either way, you both are pathetic.

Haze

You left out the other idiots name, NotLambchop.

btw, all 3 sock accounts are the same person.

If I recall, their was a quasi-truce in place until somebody came along and starting hazing.

TBC, I'm not affiliated with any other account that has posted on RENT or HASH's threads.

Peace.

Another deletion spree. 

http://s3.postimg.org/oad4ud01f/Capture.jpg
http://s30.postimg.org/dg8t46of5/shitsonfire.jpg[/quote]

Havelock frontpage is showing a Youtube-video about HASH.
https://www.youtube.com/watch?v=S8gicpVv7m4

That video is advertising a website
http://hashwithus.com/

Is BAH entering into Cloud-hashing market? The website says we'll get more info next week.

HashWithUs is slated to be our investor portal, with PR/News, along with dividend information, and company info where needed.

Re: Cloud mining, its something we're looking into, as we do have a few people interested in that. But the primary focus has been, and continues to be to build a world-class hardware resales facility, while building infrastructure for mining (and eventually leveraging for cloud contracts when we broker a few agreements).

Breaking news:

After merely two weeks of brisk sales, Big Trends Capital Investment, a Hong Kong financial concern, has sold over 500 shares of its spectacular Havelock offering to eager Bitcoin finance enthusiasts.

This marks the 1% point of the firm's total projected sales.

On the other side of the globe, somewhere in rural Ohio, visionary financiers Benny and Branny jubilantly commemorated the momentous milestone.

https://i.imgur.com/JS50Q4C.gif

9 More days till the death of hash? Or are they going to extend the offering?

There are some 10-50k usd unpaid dividends which would probably be used to setup the next group buy or reseller order. I'm sure Benny will find a place to make that coin work.

Given that we're going to import shares for previous shareholders, I don't think the offering is going to "Die". However, extension of the IPO remains to be seen. I believe Havelock typically allows those shares to float on the market @ IPO price.

http://s7.postimg.org/90ig6wvyj/Capture.jpg

http://media.tumblr.com/tumblr_mdbaagGdkY1qa60sv.jpg

Edit: It gets better...

http://s17.postimg.org/443tzwlu7/Capture.jpg

No reason to panic, finance enthusiasts!   

http://s16.postimg.org/fmi4xcy5h/titanic.jpg

Anyone have a summary of what exactly happened with this IPO? I tried reading this thread but ended up with a headache.

I can see a semi-decent amount of shares sold in the end. Now the price has crashed. People bought then dumped..?

645 shares were sold on Havelock during the offering (BTC14.19). Once the Havelock IPO ended, I believe all previous shares (from their first offering on LitecoinTalk) were converted over, though someone correct me if I'm wrong.

@CoinsForTech:

A shade over 1% (one percent) of the shares sold.

The price [understandably] tanked as soon as trading has started, with current highest bid being 50/50    @ ฿0.00220000 (exactly one tenths the Havelock IPO price).

The unsold shares were put up for sale, and can be seen at the bottom of the asks, here:
http://s28.postimg.org/v7ngo183h/Capture.jpg

There wasn't much dumping, simply because there were never any bids.  The highest non-trivial (over 0.11BTC) current bid is
http://s12.postimg.org/xx2qzyg1p/Capture.jpg

  ~Happy Investing!


P.S: If it's not obvious, offerings like this create DISASTROUS PR for Bitcoin, and are [at least partially] responsible for the floundering exchange rate.
Case in point:  The same people who black-mouthed and raged against me for calling out Active Mining are now posting this:

https://bitcointalk.org/index.php?topic=462370.msg8564894#msg8564894 <==don't click if you anger easily

This is correct.

Additionally, I messaged all IPO buyers about this prior to the IPO closing. Since we've had a large number of shares that were unsold, we are giving them additional shares to compensate for the price dropping. So if this price holds, we'll be looking at giving them an extra 3.25 shares for each share purchased during the IPO.

Don't you mean an extra 9 shares?  The highest bid is .0022, so each share must be augmented with a minimum of 9 more shares to bring it up to I*cough*PO price.
Check ur math.

We're doing a 30-day average based on post-IPO trade price. Last I checked, that was around 0.005.

Aha.  A 30-day average from 3 days of trading.  Gotcha.
*Did you pay off the balance on that hardware store, or did you give up your deposit?

I lost a minor amount of money (only invest what you can afford to lose) on ACTM, but the whole year long miserable process of watching it spiral into a complete and utter obvious scam was wholly stressful and unnecessary.

I suggest anyone investing in any of these flashy IPOs, get in and get out quickly. Don't hang around once the excuses start piling up.

Oh and once in awhile the trolls are right… down right mean, but right.

You do realize that we've been around as a security for >1 year and paid dividends the entire time, right?

oh… well then… proceed.

@Benny:


Units prior to last public offering:  74,490
Units @ Last PO:                       50,000
Current units outstanding:          124,490

Questions re. the 49,355 unsold units (currently at the bottom of the asks):

  1.  Who owns them?
  2.  Are these units¹ currently drawing dividends?
  3.  What do these units¹ represent?

---

1.
http://s28.postimg.org/hg7v857p9/Capture.jpg  -- https://www.havelockinvestments.com/fund.php?symbol=HASH
*I don't know what "The shares offered here are as a faction of the Havelock Fund and not direct member holdings of Coin Services LLC." means either, so I just posted the pic.

Current highest bid ___฿0.00090000, ~1/25th of the IPO price
Last trade___________฿0.00209996, ~1/10th of the IPO price
Benny and Brannny respond:
https://i.imgur.com/JS50Q4C.gif

Wow, all this time and still nothing better to do than troll this post. You must lead a sad and miserable life, NotLambChop.

Please make sure you get your whole head in front of the shotgun.

^Don't sell yourself short, boldar.  You (and this thread) are always good for a laugh.  I mean, every time I think this failscam can't fail any harder ... IT DOES! :D
http://s8.postimg.org/j5akw8fid/Capture.jpg


So, how's that 30-day average shaping up?  How many "shares" (or whatever teh nom du jour is for the crap you sold) are your "investors" getting nao?

  ~Happy Investing!

As stated many times earlier, it is a business that's been successful for over a year. Not a scam. Unfortunately some people wanted to exit. It's unfortunate, but it happens, I guess.

I'm on this thread because I want it to continue to thrive.

You're on this thread why exactly? Oh right, you have no life. That's what it was. :)

Looo :D  "Some people wanted to exit" so bad, they were willing to get ...about 6 pennies on the dollar.  
Those stupid enough to take you seriously, the suckers that bought this shit on Havelock, now have six cents for every dollar they "invested."  
Those who listened to me, the ones who laughed and pointed fingers?  They still have all their coin.  

Re. "legit business that's been successful for over a year":

1.  Big Trends Capital Investment Limited, the HK shell offering these "shares" on Havelock, has no track record of success.
Its managing director, Mr. John Kenton Freeman, has only one type of record:  Criminal.  Here's his mugshot:

http://s8.postimg.org/5xr6m9rth/Capture.jpg

Two counts of criminal pos. of forged instruments.  Looking at him, my guess is: popped passing checks.  He don't look much like a shrewd counterfeiter type to me.  How 'bout yourself?

2.  "Coin Services LLC, an an Ohio based ... company" has no track record of success either.
Like any pyramid scheme, the money paid out as divs was taken directly from your money.  (Giving you the benefit of the doubt here--assuming you are one of the suckers and not a part of the con).
Unlike most pyramid schemes though, the "divs" paid were paltry, and have stopped months ago :)

Thanks for keeping this thread bumped.

  ~Happy Investing!

You ever think that maybe your FUD had enough of an impact that caused this? I'd say it's a reasonable belief that you were at least a contributing factor.

Kindly remove yourself from the gene pool, asshat.

Nice of you to say that.  Thanks, boldar.

The trouble is that you would take pride in that like it's a good thing.

What's not to like?  If a single person saved their coin by listening to me, I'm happy.

In other news, more of Benny's scumbaggery is floating to the surface:
https://litecointalk.org/index.php?topic=3126.msg205084
I guess he ain't gonna see his deposit.
http://s27.postimg.org/mn8p66o5v/Capture.jpg
https://litecointalk.org/index.php?topic=3126.msg205087
Of course, Benny conveniently forgot to mention both during the Havelock [Nth]PO :-\

What a douche, huh?

  ~Happy Investing!

*Thanks for helping me keep this thread at the top of the page.

Long-time investors definitively haven't lost that much value - in fact the value I lost is proportional to the drops in BTC and LTC. The IPO would have helped in obtaining physical assets that could have been seized and sold to refund investors in case of failures by HASH. But your self-serving, delusional "heroism" have made that much more difficult. Thank you for helping me potentially lose much more money than you've saved anyone.

It's unfortunate that they might have lost opportunities for growth because of this, but I know HASH will keep operating, paying dividends and growing despite this fumble.  So thank you again, I guess, for giving everyone the chance to buy low.


(nota bene: this is not investment advice. :) I'm a very small investor in HASH, owning less than 0.1% of shares. )

Don't be ridiculous.  I never set out to help you, the bagholder.  And I sure didn't want you to be bailed out with new "investor" money--that's the very definition of a ponzi, bro :D

You're right in one respect, Hullabaloo.  I acted in pure self-interest.  I don't want MY coin to become worthless because Bitcoin is "like scamming with training wheels."  I don't want swindled "investors" to run to NannyState (as they are already doing with multiple other "investments"), and have to deal with the inevitable fallout of harsher government regulations.

Bitcoin is not a playground for scammers, Hullabaloo.  Ignoring the HASH shenanigans would be no smarter than leaving food to rot around my house, and hoping it won't attract rats.
The broken window theory, Hullabaloo, in this case I subscribe :)

Re. "I haven't lost much value": http://s27.postimg.org/3up61t5cj/ohyou.gif
  
  ~Happy Investing.

Almost forgot to thank you for bumping.  Thanks!

srs volume ::)
http://s29.postimg.org/wm1u6gmzb/Capture.jpg