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Title: CCNXT on the NXT Asset Exchange-- OUTDATED as of OCT. 23rd 2014 Post by: Coyotecoin on October 19, 2014, 06:43:20 PM CCNXT Shares available on the NXT Asset Exchange has realized it's first investment opportunity.
CCNXT's First investment will be used to back up a start-up business. The start-up needs several large pieces of equipment including the following: -Used 4*4 Truck w/Snow Plow Approximate Cost $9000 -New 36 Inch Band Saw Mill Approximate Cost $6500 -Blades, Tools, Gas, insurance and other expenses Approximate Cost $1500 Total Cost in Assets needed approximately 700,000 NXT. The NXT used to purchase shares from CCNXT will be used to purchase new equipment and/or finance it. Funds will be considered a long term loan to be bought back at >120% of the original cost. Over the course of two years following activation on December 31st, 2014. (Ex. Shares are being sold at .75 NXT and will be bought back at Roughly .9 NXT) Shares will be purchased back in a Bitstamp type manner. Meaning the value of NXT when the loan is activated no the 31st of December, 2014, will be the base value by which shares will be purchased back. The loan will only be active if the amount of NXT raised exceeds $7000 on the 31st of Dec. If the $7000 amount is not realized the loan will not be paid back at the >120% over two years, but instead will be paid back at 110% instead over one year. This first investment of $7000-$17,000 will be repaid on or by December 31st, 2016, or alternatively the loan of $0-$6999 will be repayed on or by the 31st of December 2015. Any investments over $17,000 will be invested in other investments TBD. All investments will be repaid on or by December 31st 2016. I have at least two large investors that will supply cash in exchange for milled lumber and work. The loan will be paid back by using funds acquired from selling wood or removing wood from properties in my area. The snow plow on the truck will enable me to make money through the winter and the truck will enable me to move lumber. Milling lumber is a valuable business and I anticipate that I can make a large amount of money in a short period of time, there is no shortage of trees where I live. Snow plows are valuable assets where I live and not only will I get paid too plow driveways, but I will be able to get to work no matter the conditions. I reserve the right to refund share purchase before December 31st 2014 with no interest. I am a self employed contractor that has been doing his own business for over 3 years. I do yardwork, landscaping, treework, firewood some construction almost anything to stay busy. I have reflected on the idea of owning a wood mill for over a year now and know that it is a wise investment. Feel free to ask any questions here. For reference of my payment history you can view my BTCJAM profile CoyoteCoin. For Updates find me on Reddit...http://www.reddit.com/r/CoyoteCoinNXT/comments/2jn51t/ccnxt_first_investment_plan_sawmill_and_work/ Note: that you only receive the stated interest on share bought from Asset Issuer. |