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Agrícola y Comercial Galt’s Gulch SpA
Curacaví, Chile
US Toll Free 1-800-363-8073
Chile- 56-09-5708-8168
Email: organicsbtc@galtsgulchchile.com

www.galtsgulchchile.com

https://www.facebook.com/galtsgulchchile



Contract Details:


The goal of this IPO is to raise capital to fund land acquisition, expansion, and improvements to the operations of the organic working farm located within the boundaries of Galt’s Gulch Chile (GGC).

Currently, the farm has approximately 52 acres of land in production, 45 acres of which are covered with mature Eureka lemon trees, one of the best performing crops in Chile. Approximately 3,600 avocado trees of several varieties cover the remaining seven producing acres.. An additional 70+ acres are currently being prepared and planted as non-GMO organic crops, including a variety of fruits, vegetables, nuts, herbs, and spices. The irrigation system is presently under renovation and expansion. Investment is also underway for organic soil enhancement, organic certification processing, building renovations, and equipment purchase and repair.

Expected improvements to the irrigation system include the repair and/or replacement of the farm’s drip system, where required, and the installation of additional valves to more efficiently and cost-effectively divert water. Six to eight new water wells, of 30 to 50 meters in depth, are planned. Eventually, photovoltaic (PV) energy will be used to power the pumps for these wells. At this stage, the water supply of the GGC farm and community will become independent from the power grid, eliminating power outages and minimizing the cost of electricity.  Once installed, the PV water-pumping system will allow for a cost-effective means to transport water from the underground aquifers to higher elevations at Galt’s Gulch.

Cisterns and reservoirs will be excavated and lined to hold fresh water for future use. While promoting additional biodiversity throughout GGC, these cisterns and reservoirs will help to ensure that a significant portion of the irrigation system will be gravity-fed, opening up the possibility of generating a small amount of hydro-electric power during the rainy winter season.

The GGC organic farm plans to incorporate an organic greenhouse for the cultivation and nurturing of a variety of crop seedlings.  The farm management team will  implement a focused and concerted effort to brand and market Galt’s Gulch Organics™ globally to a growing number of markets demanding high quality non-GMO organic foods. Branding will strengthen the revenue stream from crops grown at the GGC organic farm.

Based on recent production levels, expectations are that the GGC organic farm will sell approximately 5.5 million lemons in 2014. Based on proper care and planned improvements to the farm, management expects yields to increase to over 11 million lemons annually within two years, for significant annual net profits to those owning shares in the farm. The lemon orchards comprise approximately 35% of the farm's total area, with the remaining 65% now being planted during 2014 with diverse Galt’s Gulch Organics™.

The GGC organic farm has six residential buildings that will be renovated into The Inn at Galt’s Gulch and a Guest Haciendas at Galt’s Gulch. Both The Inn and the Guest Hacienda will soon operate as nightly accommodations for the many visitors, residents, clients and friends of GGC. They will be rented on a per-night basis at rates similar to upscale hotels in central Chile, with a projected occupancy rate of 50% throughout 2014, at nightly rental rates of $150 to $200 USD. This represents an additional $200,000 USD in net 2014 revenues accruing to the GGC organic farm. With occupancy rates increasing beyond 50% in future years, rental revenues will correspondingly increase.

Considering the combination of potential farm and guest-rental revenues, the GGC organic farm program represents an attractive investment for those interested in appreciating hard assets. The investment addresses an ever-increasing market demand for non-GMO organic food, as well as farmland to grow it.

This offering represents the availability of one million (1,000,000) fractional shares of  Galt’s Gulch Chile (GGC) Organic Farm, near Curacavi, Chile. Each one thousand (1,000) FRACTIONAL shares represent one FULL share of the GGC organic farm. Each FULL share entitles the holder to 0.01% revenue equity in Agricola y Comercial Galt’s Gulch SpA, the Chilean corporation that is purchasing the GGC organic farm from the GGC land holding corporation. Revenues for this program are derived from sale of produce generated by the GGC organic farm and income generated from the rental units located on the farm. Dividends will be paid on a monthly basis.

Individuals interested in 65 FULL shares or more should contact GGC directly regarding our Founders Club program. More information is available at www.galtsgulchchile.com.

GGC has substantial equity built up in the GGC master-planned project, of which the GGC organic farm is a
part. The GGC project has one of the largest registered water rights resources in Central Chile, totaling nearly 800 liters per second of registered underground and surface water rights.  This equates to unfettered access to many billions of liters of water annually, allowing for a long-term abundance of fresh clean drinking and irrigation water for lease, sale and use. The management of the GGC project intends to exploit these opportunities, without sacrificing or selling its water rights.  These registered water rights opportunities lend substantial financial stability to all aspects of the GGC project, including farming operations.  

The commercial value of registered water rights is obvious by looking at the volume of water created in one year from just one liter per second of registered water rights. One liter per second for one year equals more than 31,500,000 liters of fresh water that GGC can sell, lease, or commercialize in multiple ways. Based on a net profit of $.01 per liter, one liter per second of water would produce an annual net profit of over $315,000 USD. Based on GGC’s nearly 800 liters per second of registered water rights, it is in a position to raise significant capital for expansion and operations, etc., by commercializing these rights.

Another source of financial stability for GGC is the land assets held by the land holding corporation of GGC, Inmobiliaria Galt’s Gulch S.A., a privately held Chilean corporation. The GGC land surrounding the GGC organic farm, totaling over 6,600 acres, is currently being mapped for several hundred residential building lots, ranging in size from 1.25 acres to more than 25 acres. Several dozen lots are already sold, with land sales expected to remain brisk as roads are completed and the infrastructure of the project is expanded during 2014. The project is gaining in notoriety, and substantial revenues will be used to market and advertise the GGC organic farming operations worldwide, in addition to the marketing of the complete GGC project.

Marketing includes a documentary television series on the building of GGC; to air North America to, in part, brand the Galt’s Gulch Organics™ product line.  Initial taping of the series is complete and will be presented to networks in the near term.  The documentary series, among other creative marketing and branding strategies, will build worldwide demand for the GGC line of non-GMO organic produce and whole food products.  Several high-profile libertarian speakers, entertainers and authors are joining the GGC Partners program, working directly with GGC to market the community and the GGC organic farm to clients, fans and followers.  

The financial assets and income streams of the parent company, along with a carefully designed farm business plan, are designed to ensure that farm investors have several layers of financial security built into their investment, helping to create significant upside with hard tangible assets that will always be in high demand globally.

Executive Summary:


Agricola y Comercial Galt’s Gulch SpA (GGSpA) is acquiring the 50-hectare (124 acres) Galt’s Gulch Chile (GGC) organic working farm from Inmobiliaria Galt’s Gulch S.A. (GGSA), the land-holding corporation of the GGC real estate project. GGSpA intends to market and brand the Galt’s Gulch Organics™ product line of non-GMO organic foods via a variety of marketing avenues, including television, the Internet, GGC Partners and affiliates, and direct marketing to niche markets globally. The GGC organic working farm is, and will remain, non-GMO and organic, ensuring only the highest quality and purity in its product line. The GGC farm will use the best organic micronutrient formulas available to boost the immunity, nutrient levels, flavor and longevity of the crops on the farm.

The farm’s current crops consist of Eureka lemon trees and avocado varieties. The lemon trees cover approximately 45 acres, or 35%, of the farm, and 3,600 avocado trees cover approximately seven acres. The remaining 70+ acres of the farm, is meadow, terraced and row-crop farmland, where GGC is introducing new non-GMO organic fruit and nut trees, vegetables, herbs and spices for harvest beginning in 2014. It is projected that 5.5 million lemons will be sold from the farm in 2014, with forecasts doubling yields within two years to over 11 million lemons, based on farm improvements. Many of the new organic crops planted at the GGC farm will produce sizable revenues in 2014, with others taking between one to two years to produce considerable revenues. The management team of the GGC farm expect to see consistent and sizable increases in revenues for years to come.    

Business Description:


Business Description of Existing Farm Operations

Galt’s Gulch Chile (GGC) is located in an area with a predictable and moderate Mediterranean climate, conducive to the growth of a wide array of fruits, vegetables, nuts and other crops. GGC is now offering for sale interests in the GGC organic working farm located within the private gates of the GGC community.

The GGC organic farm has been operating for the last three years without the use of chemicals. The environmental and agricultural teams at GGC are in the process of obtaining organic certification in Chile for the GGC farm.

The farm’s current crops consist of Eureka lemons and various avocado varieties. The fully mature lemon trees comprise the largest portion of the farm, covering approximately 45 acres of the 124 acres of the farm. GGC has approximately 3,600 avocado trees, which are in different states of production and condition. Analysis and preparations are underway to recoup optimal productivity and health for all existing trees that have not been properly managed by the previous owners in recent years.

Over 70 acres of the farm is soon to be a diverse mix of non-GMO organic crops designed to both feed the GGC community (at market prices) and to sell on the open market. Crops will be rotated, as is prudent, to meet the high standards established by the GGC farm, as well as to maximize profits for the owners.

A GGC greenhouse, located near the clubhouse, will be used to cultivate new crops such as tropical fruits, stevia, hemp, and tobacco and also to nurture seedlings to be planted on the farm.

Summary of current crops in production:

The existing organic lemon trees were planted with the lower trunk and the roots of the trees being of varieties best suited for the soil conditions of the GGC farm. The upper trunk, branches, flowers and fruit are predominately comprised of the Eureka variety, known for strong and consistent fruit, and a high demand in the marketplace.

These hybrid varieties make for optimal production year round and yield a very high quality of
fruit. Many varieties of fruit trees, including lemons, were brought to Chile years ago from Central America. In central Chile, lemon trees are known to remain productive over fifty years, thanks to the Mediterranean climate, characterized by moderate rainfall and moderate year-round temperatures. The majority of lemon trees were planted between 2000 and 2007, and the remainder during the 1990s, allowing for most all of the trees to be of the proper age for full production, with decades of future production remaining.  Should diminishing returns occur on any trees, new trees will be planted to ensure consistent production.  The Eureka variety is one of the most popular varieties of lemon around the world, with yields ranging up to 120 tons per hectare annually.  The farming team expects to reach this output within one to two years.  

The farming team is implementing best practices to realize the best sustainable yields possible, including state-of-the-art water filtration and treatment, organic composting, optimal crop placement and rotation, and use of thriving bee colonies for pollination.  GGC has created unique adobe bee colonies for use throughout the GGC farm.  These unique colonies protect the honey from being removed, providing bee population immunity and improved genetics, allowing for a thriving bee population on the GGC farm to increase yields.

Based on past crop performance and the known yields of the lemon varieties in use, the GGC farm is expected to be a profitable and stable operation in the short term, with significant increases in returns in the mid- to long-term.

In the past two years, pre-GGC acquisition, the farm has sold approximately 51 tons of lemons per hectare annually to local pickers and wholesalers. This production level is far below average for comparable lemon orchards in the region. We estimate that with renewed investments in fertility, irrigation, pruning and improved harvesting processes, production will double in the next two years, to a level competitive with, and exceeding, output levels for Eureka lemon crops elsewhere in Chile.  

The current production levels are calculated from the number of truckloads of lemons sold over the past year by the farm’s previous owners. Class A lemons represent 60% of the lemons sold, with Class B lemons comprising 30% and Class C, the remaining 10%.  Lemons that have typically been cast aside due to unusual shapes or size will be used in organic lemon juice, lemon oil and lemon rinds, to maximize the profits in products where visual appeal is not necessary.  

Tourism:

Within the GGC farm, there are six residential structures in the process of renovation and subsequent use as nightly guest rental units for visiting GGC residents, clients and guests.  A five-unit residential structure will become the Inn at Galt’s Gulch, with the sixth residential structure to be leased out as a freestanding Guest Hacienda.  The Inn and Guest Hacienda have a rustic flair, yet include all of the amenities one would expect at an upscale hotel or resort.

The rooms in the Inn at Galt’s Gulch and the freestanding Guest Hacienda are projected to rent for $150-200 USD per night. They will have road access, 220-volt power, hot and cold running water, Internet access, television, full maid service, room service and amenities typical for upscale hotels, while allowing those staying there to experience all of the beauty of living at GGC.

For investors in the organic farm offering, the Inn at Galt’s Gulch and the Guest Hacienda represent steady additional passive income that will be distributed to the owners of the GGC organic farm as part of their monthly revenues.

Galt’s Gulch Organics Brand Positioning:

Premium organic crops generally command twice the wholesale price level of conventional lemons. All of the crops from Galt’s Gulch Organics will be positioned as a top-tier premium brand. Market pricing varies for any product, and organic crops are no different.

Elements that GGC can control with a large degree of certainty are output levels and product quality. Given GGC’s location in a mild and fertile area, where moderate year-round climate and predictable rainfall amounts offer prime growing conditions, there is little risk of adverse weather conditions affecting crop yields.  

Predictable weather conditions allow for equally predictable yields and a high level of quality. When  other areas of the world that grow the same crops as GGC experience adverse weather conditions that damage or destroy crops, the GGC farm can, and will, capitalize on the resulting increased demand created by the sudden shortage in supply.  

Value Added Products and Diversification:

The management team of the GGC organic farm intends to target niche markets for its organic line of produce, as well as all possible byproducts of the growing operations, such as lemon oils, organic mulch, organic seed banking, organic honey, etc. This will allow the farm to realize a strong revenue stream from all aspects of operations, while also staying in line with the philosophy behind GGC…to live in a sustainable and responsible manner with nature, while also maximizing profits for the free-market investors of the GGC farm.

Summary of existing and planned land use allocations for various crops:

Lemons comprise the largest portion of the farm, totaling approximately 45 acres

The Eureka lemon variety yields range up to 120 tons per hectare annually, which GGC farm management expects to realize within the next 1-2 years.

Avocados comprise the other crop currently in production, with approximately 3,600 avocado trees covering 7-8 acres, made up of Haas, Fuerte, La Cruz and Bacon varieties.

New Crops will soon cover over 70 acres of the farm.  These new crops will all be non-GMO organic crops.  Preparations for these new crops include new planting, fertilization and irrigation modifications and repair. There will be approximately two-dozen new species of non-GMO organic fruits, vegetables, nuts, herbs and spices in this section of the GGC farm.

Some of these new crops will be rotated seasonally throughout the year with various annuals. For example, corn planted on the farm in October will be harvested in March and replanted with squash varieties in May.  Crop rotations allow for maximizing profits for investors, but in a manner that is conscious of maintaining crop and soil health and longevity.  

Definition of Market:


Global market survey of factors relevant to citrus

U.S.:
The market for imported citrus into the U.S. has been steadily increasing in recent years, with 20% of U.S. consumption coming from other countries. Imported lemons account for more than 10% of total U.S. lemon consumption. Chile and Mexico are the primary exporters to the U.S. market and the GGC farming operations intend to maximize profits in exploiting this demand under the Galt’s Gulch Organics™ brand.

Today, citrus fruit makes up one-fifth of all fresh fruit consumed in the United States. Citrus fruit imports to the U.S. exhibit some seasonality resulting from peak harvesting schedules of exporters.

A large portion of U.S. lemon production is located in California and Arizona. Californian producers are able to store production long enough to supply the high-demand summer season, with imports being highest during the summer months, to cover the demand at this time of the year, which is the peak time of the year at GGC for lemon yields.  

During the summer months in the northern hemisphere, U.S. production is just gearing up for harvest and domestic supplies are at their lowest, creating increased demand for imported lemons.  Chile is a primary source for lemon importation, due in part to Chilean exporters’ being able to ship lemons duty-free to the U.S. via free-trade agreements.

As with lemons, the U.S. mandarin and tangerine industry is increasing production to meet growing consumption. However, imports make up a significant portion of U.S. mandarin consumption, and fruit is typically consumed fresh.
Summary of Global Import/Export of Fresh Lemons and Limes

Mexico, the European Union, Argentina, the United States and Turkey are the largest producers at 2.1 million tons, 1.4 million tons, 1.3 million tons, 770,000 tons and 750,000 tons respectively in 2012.

The United States and European Union are major lemon/lime importers at 440,000 tons each in 2012, followed by Russia with 200,000 tons. Canada and Saudi Arabia each imported 90,000 tons in the same year.

The GGC farming team intends to continually monitor worldwide demand for top quality non-GMO organic produce, so as to always achieve top dollar for the GGC product line, while seeking out new farmland for expansion of the Galt’s Gulch Organics brand to meet the anticipated demand for it in the marketplace around the globe.  

Market Retail Price Survey in Chile:


Local prices in the central regions of Chile for conventionally grown lemons range from 550 Chilean Pesos (CLP) up to 1,500 CLP per kilogram ($1.20 - $3.00 USD/kg.  $.20 - $.50 USD/lemon), depending on the time of year and on international market demand for Chilean crops. Local pricing is affected, when exports command top dollar for Chilean organic crops.  The GGC farm will be supplying organic, rather than conventionally grown, produce, which our team expects to draw substantially higher prices than is illustrated here. These higher prices will more than likely be achieved in the short term via international exportation of GGC organic crops, as demand for organic produce within the borders of Chile continues to levels of demand consistent with levels in the U.S., Canada, Asia and Europe.

Farms supplying direct to grocery stores can expect to earn 35-50% of retail price for produce supplied directly to stores.  Beyond lemons, two examples existing crops on the GGC farm and citrus orchards include:

Key limes retail at grocery stores in Chile at pricing ranging from 3,000 to 4,000 CLP per kilogram ($6.00-8.00 USD/kg), while  avocados are typically priced at 2,250 to 3,000 CLP per kilogram ($4.50 to $6.00 USD/kg), allowing for considerable profit margins on these crops for the owners of the GGC farm.

Products and Services:


As previously described, two crops currently in production at the GGC farm are Eureka lemons and a variety of avocados.  The new crops that are currently in the planning and planting stages include walnuts, grapes, key limes, raspberries, cauliflower, almonds, pumpkin squash and an array of other highly profitable organic crops.    

The GGC team anticipates the crops at GGC to remain healthy and in high production for decades based on management, investment and the consistent use of best practices.

The use of cutting-edge water filtration and treatment, organic composts, proper crop placement and rotation and utilization of our thriving bee colonies will continue to promote high yields of excellent, high-quality fruit.

The team has contracted consultants in the areas of:
•   Certified-organic seed acquisitions
•   Soil acidity and pH testing via university lab testing
• Irrigation, filtration and water retention evaluations

GGC is evaluating potential local and international markets to obtain top pricing for the high quality organic lemons and other organic produce grown at the farm.

In addition to produce, several residential structures at GGC are under renovation for use in the GGC Guest Hacienda program. The haciendas at Galt’s Gulch are on-site nightly accommodations for clients and guests to rent one of the units at rates comparable to hotels in Santiago, Casablanca and Vina del Mar.

Tourism marketing for the Guest Hacienda program will be undertaken by the Galt’s Gulch marketing and sales outreach related to the rest of the complete GGC project, as well as through existing channel partners such as Josh Tolley, wearechange.org, Patriots Lament, dollarvigilante.com, knowmadiclife.com, wendymcelroy.com and many others. Galt’s Gulch Chile has recently been featured on RT (Russia Today), Bloomberg and Fox News, with many magazines and news outlets reaching out to GGC to learn about the project and publicize it to their viewers and readers.

Organization and Management:


Agricola y Comercial Galt’s Gulch SpA is formed as a Chilean shareholder corporation under Chilean law, soon to be inscribed and published in the proper channels, allowing for the corporation to take title to the GGC organic working farm.

Galt ́s Gulch Chile was founded by entrepreneurs who envision living in a thriving and safe environment.  Members of the GGC team include:

Ken Johnson, GGC managing partner, has an extensive background in the fields of real estate, alternative medicine, and the environmental and renewable energy industries. Mr. Johnson has worked with numerous high-profile Hollywood celebrities, such as Jay Leno, Ed Begley Jr, Larry Hagman and others on television and Internet projects to educate the public and brand product lines in the environmental industry.  He has worked as a consultant in real estate, renewable energies, asset diversification, investing and relocation around the globe.

Jeff Berwick, a founding GGC partner, has been featured on many popular television news and radio shows and writes a popular blog, The Dollar Vigilante. Jeff Berwick started Stockhouse.com in the early 1990 ́s, Canada ́s premier investment website and is one of GGC’s spokespeople, helping to brand GGC around the globe.  

Renzo Rezzio, farm manager, is a local Chilean whom has years of experience in the permacultural, agricultural and horticultural industries in Chile, running teams ranging in size up to 600 workers.  Renzo has a deep understanding of crops in Chile and is committed to making the GGC farm the absolute best in Central Chile.  

Adolfo Aguirre, environmental planner, is a local Chilean, with over 30 years of environmental planning experience in Boston and Southern California, as well as Chile.  Upon returning to Chile six years ago, Mr. Aguirre has been working closely with numerous universities and governmental agencies to further environmental projects and causes in Chile.  Mr. Aguirre is a technical and environmental expert and advisor with the University of Chile and plans to incorporate college educational courses and work programs into the growth and expansion of the GGC farming operations and the GGC project as a whole.  

Manuel Hermosilla, environmental planner, is a local Chilean, with decades of experience working with all of the governmental agencies in Chile, such as CONAF, DGA, DOH, SAG and others.  Mr. Hermosilla is a highly sought after consultant in the mining industry and real estate industry, where his services are typically utilized to ensure that mining and real estate projects stay in accordance with all Chilean laws, helping such projects to become a reality in as efficient a manner as possible.  Mr. Hermosilla now works with GGC on a full-time basis, running a sizable portion of the GGC teams on-site at the farm and the real estate project as a whole.  

The Market for Galt's Gulch Organics:


Organic, biodynamic and natural labels are rapidly growing in popularity worldwide. From popular retailers such as Whole Foods, and many other examples of boutique outlets, the market for organic products has tripled within the past decade.

As Chile and other worldwide emerging markets attain higher standards of living, the greater purchasing power of residents of such countries is being directed to higher-quality products, including food.  

Galt ́s Gulch Organics is poised to supply this new exploding worldwide demand for non-GMO organic foods and byproducts.  


Three primary sales channels are:

•   International Export and Distribution
•   Local/Regional Chilean restaurants and grocery store chains
•   Galt’s Gulch Chile community residents

GGC primary farm product categories currently include:

•   Organic citrus: lemons, oranges, grapefruit, nectarines, pears, avocado, green apples, plums, raspberries
•    Organic grapes and wine
•   Organic nuts: almonds, walnuts
•   Organic vegetables: green peas, zucchini, pumpkin squash, peas, cauliflower, corn, broccoli, spinach, cabbage, kale, lettuce, tomatoes, swiss chard
•   Organic beans:  fava beans, garbanzo beans, lentils
• Organic herbs and spices: basil, oregano, fennel, mint, sage, lavender, arugula, rosemary

Value-added products will also include a wide range of offerings such as:

•   Organic lemon oils for cleaning products
•   Organic lemon juice, lemonades and concentrates
•   Preserved organic lemons, a Middle-Eastern staple
•   Organic honey
•   Organic essential oils, natural vegetable oils and fruit oils  
•       Prepared, preserved and sun-dried varieties of tomatoes, olives, raisins, currants, artichokes, chutneys, jams, jellies
•       Organic compost


Looking ahead to 2020, future plans include:

Worldwide marketing and branding campaigns educating people on the importance of non-genetically modified foods, as well as organic foods, while branding Galt’s Gulch Organics™ as the product line to trust


Expansion of the GGC organic farm to nearby land parcels, as well as possibly other regions of Chile, and South America, as is prudent and market demand necessitates.  This will be done in order to maximize shareholder profits and solidify Galt’s Gulch Organics™ as a worldwide leader in wholesome and healthy foods.  


Strong channel partner and marketing partner relationships established to help ensure product branding and education of the importance of the product line to the health and well-being of all of us.  


Full production yields of fruit and nut trees planted in 2013-2014

Branded kiosks, display stands, exporters and international shipping of Galt’s Gulch Organics™ fruits, vegetables, nuts and food products

GGC is researching key international export markets as part of our sales and marketing plan. There are very strong seasonal opportunities throughout the world, namely in the U.S., Canadian, European and Asian markets.  

The North American sales and marketing focus will aim to gain distribution through one or more major grocery chains such as Albertsons-Supervalue, Safeway and Kroger, along with regional and high-end grocery chains such as Wegmans, Kings, Trader Joes and Whole Foods. GGC sales and marketing staff includes people with experience selling to these specific retailers.

A full time multi-lingual experienced sales person will focus on developing and maintaining all of our local and international grocery accounts for the first four to five years.

In Europe, TESCO is a target leading chain selling quality organic foods to a high-income demographic. In Russia, Magnit is leading targeted retailer, as it is the most innovative and cutting edge grocery chain in Russia with more than $12 billion in sales per year (USD).

GGC is also surveying and identifying the best local and Chilean markets for all existing and future produce, with relationships being established with popular grocery stores, markets, restaurants and restaurant chains in the Santiago region and Valparaiso region.

Investors in the GGC Organic Farm will enjoy the opportunity for additional investment into future farmland acquisitions in Chile, and elsewhere, to expand and strengthen the brand, with a continue emphasis on steady growth and increased market presence and demand for the Galt’s Gulch Organics™ product line.  

Planned Capital Expenditures, Equipment, Buildings:

Land acquisition - $3,000,000 – acquisition of the 50-hectare farm, farm buildings and residential buildings on-site
Planting of new crops - $250,000 – acquisition of certified organic seed and seedlings, labor and maintenance of planting process
Irrigation system improvements* - $500,000 – repair or replacement of drip lines, diverter valves, pumps, additional canals
Guest Hacienda improvements - $300,000 - renovate and expand existing buildings for use as income-generating nightly rentals for GGC guests.
General GGC improvements* - $100,000 - general upgrade of existing buildings, office space
Farm Equipment* – purchase of produce sorting equipment, delivery trucks and tractors - $500,000
*Costs are shared by the owners of the five organic lemon orchards within the GGC farming complex, as such items are shared with these orchards and all on-going maintenance of such items will be shared in direct proportion to acreage and usage.  


Projections:

https://www.mediafire.com/?77v7qgiirsn8har

Disclaimer:

The information only has validity within the country of origin.  As such, it is not an offer, solicitation, advertisement, inducement, agreement, or contract.  Furthermore, this communication and all contents is specifically restricted, invalid, and void where prohibited, controlled, permitted by law, or could incur a tax, and therefore should be disregarded except for pleasure and entertainment purposes.

This information, its enclosures, links, associates, or associated material and information may contain forward-looking statements.  The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. Galt's Gulch Chile, and associated participants, various companies, parties, and all individuals undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.  Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified.  Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.  The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material, undisclosed, unknown, or unforeseen risks.

All trademarks, copyrights, patents, licenses, permits, promotions, and information are the property of their respective owners.

PR videos/articles

youtube channel:  https://www.youtube.com/channel/UCBKax0xnXpTbhqm550TkbEg

http://dollarvigilante.com/blog/2013/9/3/galt%E2%80%99s-gulch-chile-%E2%80%93-where-the-world-is-coming-to.html

https://www.youtube.com/watch?v=SJyafOxDOeE

http://finance.yahoo.com/news/galts-gulch-chile-becomes-first-115057438.html

https://www.youtube.com/watch?v=SEZa4db_n4E

https://www.youtube.com/watch?v=mAwQMCcKRKs

https://www.youtube.com/watch?v=qdM5V4vJyTw

https://www.youtube.com/watch?v=ySFT8ONEzK0

This security is listed on crypto-trade.com

https://crypto-trade.com/tradex/ipo/ggb_btc

Relevant Docs;

http://www.mediafire.com/view/aku962hhpk2a1c6/LepeInscription.pdf

Wow! The valley and your farm that are introduced in your video look beautiful and your financial plan seems to be rock solid!
I wish you all the best for your future plans and I'm glad you chose Crypto-Trade for issuing your shares.

I have a question regarding the ROI you mentioned at the bottom: Are you going to pay out annual dividends or how do you plan to reward a potential investor (because this is not stated anywhere in the contract)?

Dividends will be paid on a monthly basis

edit: We expect dividends to begin the first week of January 2014

Nice! :)
You maybe want to note this very important detail somewhere in your contract :)

I know nothing about farms, but Galts has ongoing investments with me, and seems to be a nice reliable guy. This looks interesting and is a breath of fresh air among other investment opportunities. Good luck!  ;D

Anticipated share price?

Some really beautiful scenery on your website,  looking forward to your IPO :)

This looks great.

Good question and something I also want to know.

We will soon be posting the first 500,000 shares for .001 btc/share to test the water

Depending on how quickly these shares sell out we may offer a second tranche of 500,000-1,000,000 more fractionals.

In addition, if all of the second tranche shares sell out we are considering opening a second asset that will be similar to a municipal bond backed by a portion of our water rights.

Please consider this before buying shares at the open market price when we sell out

Very interesting security. I have a question that I don't believe was answered:

Will you keep a majority of your profits/funds in bitcoin? Because if not I can see major price swings affecting ROI.

500,000 shares are now live at .001 btc each

https://crypto-trade.com/tradex/ipo/ggb_btc

Do you plan on having an IPO on Havelock?

not at this time

Here is Jeff Berwick, founding partner, talking to Luke Rudkowski with wearechange.org about Bitcoin, impending economic collapse, and Galt's Gulch

https://www.youtube.com/watch?v=qdM5V4vJyTw

Great video, Jeff :) Luke seemed to be slightly nervous, like he didn't had a filming permit and was expecting the NYPD to take him away anytime ;)
I was one of the first persons who bought a few shares of Galt's Gulch by yesterday and I'm really curious about how this project will evolve.
So, all the best!

where?
 
BTW: expected dividends are calculated in fiat i guess (?)

P.S. Cool plan. Congratulations.

here: https://crypto-trade.com/tradex/ipo/ggb_btc
(feel free to use my signature link when registering at crypto-trade)

maybe the thread starter should add his IPO link to the OP?!

yes dividends will be calculated in fiat.

How can we be sure that crypto-stocks wont be another btct.co or bitfunder for those of us in the US?

Also,
Please point me towards the section on your prospectus regarding risks including physical security of the land, its title/lease etc.

TIA

The farm is being subdivided off of land owned by Inmobiliaria Galt's Gulch S.A.

Below you can find the inscription of the title of Lepe Norte and Las Casas, which are two large land parcels that comprise 6,874 acres owned by Inmobiliaria Galt's Gulch S.A., the land holding corporation of the project. 

The land was purchased in August 2013.  We also own 4,250 acres, free and clear, 5km away from the 6,874 acres, totaling slightly over 11,000 acres (17 square miles) of land. 

http://www.mediafire.com/view/aku962hhpk2a1c6/LepeInscription.pdf

Why no Havelock? I've never heard of this sketchy site.

Because crypto-trade offers great support, a professional ddos-protection and is located outside of the us?
Beside their IPO hosting with the possibility to create assets for btc/ltc/ppc/xpm, they are an exchange, so you can trade you dividends to any other crypto of your choice?
Their chat is actually useful, with people helping each other instead of just trolling..
But yes, they are new, the site has still a few minor glitches and there's still a lot of work to do for the devs. But that's the way btc-e & bitstamp started as well, right?

Would definitely love to hear from someone mot affiliated with the site in question. I think it is a valid question why this exchange will be able to operate smoothly without imploding like btct.co which was also located in Belize.

The site looks great and seems to have many useful features but that doesn't add any security.

I also have a couple questions regarding the use of Crypto-Trade and the purchasing of GGB shares. With the current rise in BTC price I am calculating that 65 FULL shares (65,000) would be equivalent to $52,000 USD (1BTC @ $800). On the GGC website Founders Club section it lists 65 shares at $35,000 USD. I know it's hard pricing things in BTC, but I am just trying to clarify here.

Also, if I registered on Crypto-Trade and purchase shares how are those shares registered with GGC? Are the shares actually registered in my name to prevent problems if Crypto-Trade disappears?

Thanks

+1. This seems like a really forward thinking operation that I would love to buy some shares of but I am worried about the regulation aspect of the exchange. I have .1BTC on standby to get 100 shares, here's hoping you guys are able to come through and clear up some questions!

There is no guarantee. Same goes for Havelock, Mpex, Cryptostocks and all the other sites who not comply to US law. But the situation with Crypto-Trade is different than with BF and BTCT because the admin is neither american citizen nor lives there. Also neotrix has been dealing with offshore stuff for 5 years, he knows how to avoid the US government.

You should pay more attention. CT is almost 6 months old.
Why no Havlock? Because they have absurd fees: 5% of the raised capital and 1 BTC monthly.

The project looks very interesting. As soon as I am through the contract I will pick up some shares.

Havelock is a legally registered exchange in panama so it gives it slightly better legal footing. Is 1 btc / month really much compared to the total capital being raised? I admit this is steep for smaller projects though.

If BTC continues to rise, that 1BTC monthly payment to Havelock will cut into dividend return for investors as they are converting the 10% revenue fee share from their fiat currency to BTC.
*disclaimer - I do not own any GGB stocks at this time.

Well, the first info on CT's homepage is:

Even their address is stated there, which I will not post here..

I looked up the company behind CT, lot's of info can be found about them, they are a legit business for several years now.
Couldn't find anything about "The Panama Fund" though.  :-\

It's a Panamanian shelf registration, here's a link: http://ohuiginn.net/panama/company/id/610201 (click on directors fir extra lolz)

The jimmothy guy either bought into the failed Havelock ipo hoping to flip, or simply clueless.

New video on the youtube channel.

https://www.youtube.com/watch?v=jyL40q7VSBc

We're getting our roads laid out with some real machinery


also, we are working with CT's developers to get public BTC addresses (and emails) of our shareholders sent to us on a regular basis. Keep an eye out, and input an address that you can sign/verify messages with when the option is available.

Shortly we will be delisting the shares from sale, refunding .000501 btc per fractional share in the form of a dividend, and relisting the rest of the first tranche at .0005 btc per fractional share.

we didn't anticipate btc values to be where they are at, so we elected to adjust pricing.

How will you deal with the quickly increasing value of bitcoin? Since this project is essentially tied to fiat, if btc were to rise dramatically again, you would lose money by not just holding your btc.

We are evaluating the market price regularly and will amend our strategy while keeping in mind our goals.

Featured in a coindesk article

http://www.coindesk.com/bitcoin-chilean-libertarian-paradise/

Our projections have been updated, for the most part the change is to reflect a more conservative estimate of 2014

https://www.mediafire.com/?77v7qgiirsn8har




edit: apologies for the inconvenience, but media fire seems to be under maintenance at the time of this post

Thanks for the updates, I've already bought a few, hope to buy more in the future :)

I guess my main question is that you seem to be raising only 500 btc to purchase a $3 million property and over a million dollars of other stuff.  I realize it is all part of the same "umbrella" of companies.  But how does that work exactly?  You are already paying dividends.  Is there a contract somewhere?  Is it being paid for in shares?  Does GGSpA have other substantial assets already?  Is there any timeframe for the acquisition?

Secondly, I'll just echo the concerns about involving a securities exchange.  It seems like needless risk.

Otherwise, looks like a great project and I hope it succeeds!

At this time this offer represents 5% revenue equity in the form of 500,000 fractional shares of Agricola y Comercial Galt's Gulch SpA. The "dividends" were effectively a repricing of the shares as a courtesy to those who bought them before we elected to adjust the selling price. Agricola y Commercial Galt's Gulch SpA has acquired the 50 hectare (124 acres) working organic farm from Inmobiliaria Galt's Gulch S.A. On the acquired property GGSpA already has 45 acres of grown lemon trees and roughly 3600 avocado trees. In addition to the revenues from regular farm operations dividends will include the revenues from the Inn at Galt's Gulch and another Rental Hacienda.

That's what I needed to know.  Thanks!

Galt's Gulch Chile will be sponsoring the Latin American Bitcoin Conference December 7th and 8th.

http://www.bitcoinargentina.org/

Conference planners are hiring a crew for live streaming and GGC will be apart of 20 introduction videos as well as hosting our own table.

So, how'd this go? Any pics or videos up yet? Are there any pics/vids of the farm in operation?

Yes there on the website and youtube if you search galts gulch chille

Looks good and sounds like their farming techniques are tip top. Looks like their brand could be world renowned and investors could really make a killing here. Seems like a dream investment for any libertarian especially after examining their game plan.

Thank you for the encouragement!


We are still waiting on footage from the conference, and may do some editing on our end as well.

Jeff Berwick on the Keiser Report

https://www.youtube.com/watch?v=ySFT8ONEzK0

Users can now input their personal btc addresses on Crypto-trade. Please be sure to enter an address that you are able to sign messages with.

You can find this option in the "modify profile" area.

Just curious and maybe I glazed over it in the OP but do the dividends get paid to one's Crypto account? If so, does it come in the BTC or usd territory?

Dividends will be paid in btc to crypto-trade accounts. The public btc addresses are kept on file as a precaution.

so when the first dividend is expected?
And how's the business going?

Business is going well. We will elaborate with the dividend's financial statement

i'm really curious about the first dividends and your first financial statement! :)

Thank you all for your continuing patience

There were no net profits for the month of December and thus no dividends just yet. We hope that investors understand we remain highly focused on this expansion and growth phase of the Galt's Gulch Organics program.

Our recent updates on farm activity include many renovations and improvements. We are hard at work planting and renovating our irrigation system. The addition of some new tractors and trucks are making the job much easier. General renovations to the irrigation system and throughout the farm are expected to be complete in February.

The Rental Haciendas also continue to undergo full renovation. We expect to be complete with the haciendas between February and March.

Please feel free to raise questions and we will attempt to answer them as promptly as possible.

We would like to remind shareholders who have not yet submitted their public bitcoin addresses to crypto-trade to remember to do so.

How did the harvest turn out, I saw pics but I'm wondering how the market priced them at this juncture? Anything else complete or nearing completion down there? BTW, it's about 5 degrees F where I am. :P

Well at this exact moment I am personally not on the farm. However, Ive been told that at this time our main focus is renovations to the Irrigation system as a whole. Regarding lemon harvest I believe it is still underway.

Seasonal pruning and mulching has been completed on the vast majority of the farm in the past days. And there has been good results from pruning and irrigation experiments from August.

We are planning for a fall event in April, anyone interested can join the emailing list at our website.

hey, Jeff, how are things going on the farm? :)
any est. when the first dividends will be payed? this will boost the sale of your shares for sure!

+1

Hello everyone,

Sorry for the recent quietness, Please bear with us.

Some notes about recent farm activity;

-third week of January we started the irrigation repairs, installation of valves, drip lines one by one
-first week February started with deep wells on north end of property-aquifer
-cleaned irrigation pond on orchard 2 of debris. In the process of lining, then filling, and connecting to the whole irrigation matrix
-deep pruning to rescue stressed lemon trees on orchard 5
-pruning-mulching process completed on 65% of orchards

The harvest was stronger the first two weeks of January with good prices. Current flowering season for lemons shows good quantity of juvenile fruit starting, signaling good selection in 6 months.

We plan on paying out January´s dividends by February 15th.

Just to let you know my name is Daniel

Thanks for the update! Sounds very promising! :)

Sorry Daniel, thought your name was Jeff (Berwick) because of his post on page 1 - seems to be your partner posting with the same account ;)

Here are some links to some videos of GGC drilling a new well for our irrigation system, and some pics to go with it. You might want to turn your volume down for the vids

http://www.youtube.com/watch?v=jXnmW58TIwg
http://www.youtube.com/watch?v=D3igc70tcdU

http://i58.tinypic.com/2d0ey3l.jpghttp://i57.tinypic.com/3321ok7.jpghttp://i62.tinypic.com/2ep4u8k.jpghttp://i61.tinypic.com/a13jvc.jpg

Just would like to reassure anyone who might ask, we havent forgotten about divs

Please excuse us for being a little slow to wrap up our plans. We appreciate everyone's patience thus far

What will be done now that cryptotrade is closing? I use cryptostocks currently seems to be functional, have little to no down time and has been around some time now. I know they support btc and ltc not sure what else.

A decision has yet to be made by my superiors, however regardless of the decision it is imperative that everyone makes absolute certain they have updated their emergency bitcoin address on the site, as well as noting the exact number of shares they own. Make sure the submitted emergency btc address is one you can sign messages with.

For god's sake, not cryptostocks!!!

I think - the best way is to wait, that few weeks, while CT will be updated does not kill anyone. After that trading may continue and dividends may be paid (yay!) :)

yes I tend to agree.
I don't see much of better around.

+1

https://crypto-trade.com/ (https://crypto-trade.com/) is back up. How's the growing season going?

Hello, everything is going well. There are a updates we are not quite ready to advertise. For those of you on the email list for our residential lot program there will be a newsletter soon regarding our April Event. I will post farm pertinent info here afterward. As a second note, we have been talking about listing on a second exchange. Keep an eye on ciphertrade.

This security will be migrating to Ciphertrade.com this coming week. We hope to be up and trading soon after the transition. Once we have settled in, we will also be opening discussion on the Ciphertrade dedicated forum. Shortly we will have a update from the farm as well.

Are you going to rebuy shares from those who don't want to migrate to ciphertrade?

Greetings from Galt's Gulch!

The farm is now transitioning into the Winter months here at the Gulch. With winter comes the wet season and could be our orchard's favorite time of year.  The lemon trees are doing well and are expected to have a magnificent future harvests. The rental haciendas have undergone massive rennovations and are well on their way to being completed. It is almost time to begin planting in the large field desiginated for a multitude of vegetables across the street from the lemon orchard. Finally, one of the exciting new plans that has begun to come into fruition is our organic honey production. A once waning farm is now seeing new life and opportunity as Galt's Gulch establishes sustainable and ecological initiatives.

Regarding the lemons there is much news to share. The road to recovery has required hard work and patience. The farm has revitalized from hardships both preventable and unavoidable. Good executive intentions are sometimes not enough when communication between past farm owners and their managers had degraded. Out with the old and in with the new became the theme, however these transitions themselves were not without their own hiccups. It certainly does not help matters when the ebbing and flowing of dry seasons is not prepared for properly. Fortunately foresight can lead to adequate preperation. Thirsty lemon trees are now being satiated and precautions to protect against future less than desireable conditions are actualizing. The orchards are growing more and more healthy everyday as the vast majority of pruning is near completion. What was once a lag in production and sales will soon become abundance since the pragmatic Galt's Gulch Organics team has taken the reins. An advantage most other farms do not have is that our farm can play both whole saler and retailer since we are simultaneously providing to the residential side of Galt's Gulch. The rental haciendas among the lemon orchards have undergone diligent work to be prepared for the Galt's Gulch Fall Event coming late April between the 24th and 28th. Tenants will be excited to step out on their porch and bask in the orchards fragrant surrounding trees. The summer months proved a challenge to keep up with. The remedy being the addition of several wells and even more to come. The organic farm will have extra insurance of steady water sourcing and should have no problem continuing to make progress by vigorously expanding on arduous success.

While we have made excellent milestones in the lemon fields the expansion does not stop there. Soon this fall and into the following months planting of the vegatable fields will begin. Several Avacado trees stand watch over these grounds waiting for their new neighbors and are healthy and fruiting themselves. Many additional crops are intended but not limited to Swiss Chard, Kale, Broccoli, Cauliflower,  Squash, Plums, Grapes, and more! We are incredibly excited for this initiative, however it is possible there are even better things to come. Under consideration now is the possible addition of tall green houses. If the logistics come to pass we will be able to significantly increase our yield per acre by taking advantage of sophisticated irrigation techniques to maximize vertical growing.

Last but not least our bee hives have been harvested for their honey recently. Galt's Gulch prides itself on its sustainable initiatives and honey production is a new feather in our caps! We practice ecology friendly techniques that observe the longevity and health of our honey bees. Some of our hives are permanent structures never to be tampered with to allow for the bees to preserve their genetics and provide for robust recolonization each season. By maintaining untouched hives the immune system of the bees can be strengthed continuously while still maintaining a regular harvest of honey. We are excited to have added a natural sweetener to our repertoire of products. What do you think might be next? Can anyone say Galt's Gulch Organic Beer? We have done a tasting of our first batch and plan to have another round of trials ready for the Fall event!

We have had a burgeoning year so far and it is only the beginning. We expect the success to reap even more advatages in the months to come both for investors and the Earth itself through our continuingly innovative Organic Farming programs! 

Users will need to exit their positions on Ciphertrade.com if they do not wish to continue holding our asset. We do not have any intention of personally managing a pass through. We cannot stop anyone wishing to become a broker, however we ourselves will be operating through Ciphertrade. It is up to the due diligence of users to verify that any such broker does indeed hold shares on Ciphertrade.

Can we know the reason for migrating? Will you pay dividends before that transfer?

We are hoping to pay the remainder of the past quarter's dividends in April. We expect to do dividends quarterly until monthly dividends are a bit more practical volume wise.

As far as the move from crypto-trade we choose not to disclose this information for the time being.  Despite this, we do infact feel that Crypto-trade is an honorable exchange and thank them for their services.

I plan on continuing to hold the shares that I have but I just noticed that ciphertrade isn't fully operational til the 28th. At this or some similar point, how do I transfer my shares from one exchange to another? And, can you clarify what you meant by the first two sentences? Glad to hear of the progress of the team and the flushing out of the past crew that didn't excel. Looking forward to many ripe harvests on into the future!

To clarify,  users not wishing to migrate will be able to exit their positions on ciphertrade once trading begins. Also they can exit on crypto-trade for the time being as we will stay active there until Ciphertrade is fully launched, which is prospectively going to be the 14th of April. When the time comes to migrate, trading will be frozen on crypto-trade, and all shareholders will be emailed with directions. It will likely be a simple process where you will merely have to create an account, more details when the time comes. Regarding a pass through there will only be one if someone chooses to broker one, we will not be offering one nor do we recommend any user deal with anyone accept for us. To reiterate there will be no pass through nor are we encouraging anyone to start one. This asset will be operating solely on Ciphertrade until further notice.

If this doesn't answer your question please let me know.

I just logged into crypto-trade after a while and my shares were vanished with the 'security'. I never received any email about this. I came here and I found no explanation, except a mention of Ciphertrade which is not operating at all atm.
 My question is just: WTF?

We will be migrating to ciphertrade. I have all informations of the current shareholders, rest assured your shares have not "disappeared." Directions to proceed to ciphertrade will be emailed to all shareholders as soon as possible.

Sorry for any confusion this may have caused. Today is the scheduled launch of ciphertrade. We will proceed with listing the shares at the earliest point possible. In addition to this once everything has successfully migrated we will be continuing this thread on the ciphertrade forum.

We are moving to ciphertrade primarily to observe a more formal legal standing as a crowd funded security.

So is there any news? I haven't received any email yet.

No news yet.

We will be making a post here when the emails go out. We are currently in correspondence with Ciphertrade and are taking all time nessicary to make sure this is done correctly. If you have not already, feel free to make an account with the corresponding email as the first step with Ciphertrade.

Thanks again for your patience,  and please remember we are doing everything within our power to move things along as fast as we can.

Why do you want to move this thread to ciphertrade forum? Cant it stay just here at "centralized btc forum"? I am not sure if I would like to watch so many places for news...

I see that ciphertrade is in beta. When will the shares be migrated?

The process has been admittedly slow. We are in a queue and will be sure to update as soon as new information is available.

In the meanwhile could you tell us about the reason of the move?
And why the investors were not informed nor asked about their opinion in advance?

Prompted in part by the temporary shut down of crypto-trade a while ago,  discussion ensued regarding the legal stance of offering a listing on crypto-trade. As to not put ourselves in a vulnerable position it was advised to change our host exchange to one observing the typical KYC/AML rules. As far as not formally informing prior, I am sure any excuse is inadequate.

this exchange ciphertrade is not good for Galts.  they have already threaten investors who do not verify with forfeiture of stock in their company.  

Another thing about these woodtech/ciphermine/ciphertrade is they stalled and delayed its launch for months meaning no one could sell their cipherminer shares at a fair price and now these mining shares are worthless while they have taken money from it to fund their new venture.  They made posts talking and reassuring people of the value so there would not be panic but these shares are worthless now.  Originally they said cipherminer holders would get all dividends owing and be entitled to a share of stock in the new platform. They also said their would be a buyback option for holders but changed their mind on that as well.  The story changes all the time with these guys, no one can get a a straight and honest word from them.   They say one thing then change it later on.

Now that I can login to this new platform and I find they will not even let me withdraw the dividends that have been paid to my account there (and it is more then enough to meet a minimum withdraw amounts) and I can't sell off stock because they want verification.  Its all very shady their behavior and no company that can be trusted would take investor money then use legal concerns to avoid paying them unless it was planned out some time ago.
 
Its not a good match for Galt's if it is about "freedom farming" and less interference from government and wants to respects the people that supported it on Crypto-Trade.  Being on a platform like Cipher will erode trust and support in any company that lists there, they might not a be a scam but when investors can't get their money back or entitlements as easily as when the money was given to them in first place the result is the same. :(

If CryptoTrade is not possible for you anymore then why not litecoininvest/btcinve.com  They will have alot more support from crypto community then ciphertrade ever will and meet the legal requirements of their countries. I've already received dividends on there and have been able to withdraw them without issue. Another alternative which is more friendly to the bitcoin and crypto community is bitcoinbourse. both of these exchanges are working, users can get their money in and out without freely and legally without having to verify identity.  There is also the risk of identity theft and innocent users who verify could find their identities being used to verify on other sites.

Xactly. I denounced Giga as a scammer screaming from the forum's rooftops for just that reason.

I don't agree to send my ID around to shady characters and that was not requested in the original contract. So I demand either a refund or a relisting on Crypto-Trade or any other decent exchange not requiring ID.

Otherwise the broccoli in this "freedom farming" would be the investors, but the fallout on Galt's Gulch image would be not amusing.

I'm a similar mindset to these sentiments. If there will be any issue involving ID or financial transmissions on this new outfit, that wouldn't bode well for Galt's Gulch farming or the settlement mission. As the crypto community grows, we need to phase out dealing w/ unreputable outfits and reward those that are on the up and up. I hope that those in charge of GGO will ease investors' fears as they did when purging the unreliable hands that kept the farm from operating as expected in the past. Then, regularize the dividend payments (perhaps they have and I haven't checked recently) and likely more capital will flow in as new updates and content is passed on.

I always tend to skip bitcoin sites that follow AML/KYC laws.
That´s one of the reasons I became stockholder of your company.

I'm not some shady drug dealer, I just like financial privacy.
I also hate having to send in papers etc. It's just time consuming and a complete waste of time.

The government is not going to stop terrorism this way. And money laundering? Haha yeah right..

It's just stupid. Just keep your business outside of the US like you have done with "Galt's Gulch" so far.
Why change a winning concept?

Any updates on dividends and the holdings platform? I kind of would like to get this thing finalized and on a regular routine. The potential in this organic farm is amazing.

We will have a definitive announcement in a few more days. We are taking in and considering a few more consultations right this second.

I noticed GGO has been de-listed from crypto-trade so I'm kinda wondering what will become of my shares. Would also be nice to at least have a weekly recap on what's going on down there, what's growing, what's being added, maintenance completions, etc.

We will be sending a detailed email in the next 24 hours to all shareholders of this fund with details, directions, and a summary of the reasonings. The managers of GGC have decided to refund the holders of shares who bought through Crypto-Trade.

An email has been sent to all shareholders

It's going to be very hard for you guys to do refunds since Crypto-Trade removed the evidence of GG shares in the first place.

Very poor planning. I can't believe I pissed away 1 BTC at the height of the BTC prices to just have this happen.

I better get refunded for my 2000 shares.

By the way my email for this account and Crypto-Trade is the same.

One can still navigate to our page,

https://crypto-trade.com/tradex/ipo/ggb_btc

This may not be helpful, but we do have all the information neccessary to manually transfer everyone their bitcoin. We are trying to find the most convenient path to do this for everyone for sake of ease and to avoid any possible human error.

Is there any word?

The higher-ups of GGO have to understand that this delay in response is highly distressing.

If you really want to buy out Bitcoin investors you should just do it and move on.

This sucks for me in particular because I was very eager to support this venture, but not enough to (yet again) comply with KYC rules. Lately I've had to email a jpeg of my ID to all kinds of supposed Bitcoin outfits and I'm getting really annoyed at the idea of it floating around out there, when the whole point of BitCoin was originally to trade with privacy (not anonymity, but privacy for sure).

if you do have all the necessary info it's not so hard to refund the investors.
(...still waiting...)

We understand the frustrations of this predicament. We do not intend on leaving shareholders high and dry like the vast majority of other bitcoin funding initiatives to date

Why not use a decentralized exchange like the NXT asset exchange?

The exchange we use is not necessarily the issue. The main reason we will end this form of funding is because the potential recourse associated with not documenting each shareholder's information. We do not hold it against shareholders for wanting to retain their privacy as it is a common ideal among bitcoiners in addition to many contemporary political philosophies. Our traditional investors often establish trusts for themselves, and we highly doubt any participants here are willing to put up the legal fees that are greater than the actual investment, and thus must yield their identities to participate among meeting other requirements. There are other reasons that this type of fundraising does not make business sense for us as well.

We encourage anyone interested in becoming a part of Galt's Gulch through our normal channels in either the farm shares or a residential lot in the community if they should choose. We have provided special promotions for those who would invest with bitcoin. We thank everyone for their continued patience, please know that refunding everyone involved here is a high priority and will not be overlooked.

Still waiting...

*checks watch obsessively like Bush Sr in the debate with Clinton*

OK my patience is running low. If we do not get a date of delivery now about our refund I'm going to open a scam accusation.

Waiting on confirms as we speak. We will try to send a satoshi to each share first to be certain of crypto-trade's dividend processing, then distributing the rest. If for some reason this fails, expect a CT redemption code in your private message inbox via crypto-trade's site.

has this been done yet?  i haven't received a test satoshi or redemption code yet.

I think you should confirm everyones public btc addresses in your thread, you can publish a list of public btc shareholder addresses and the shares associated with them and then proceed to direct dividends+refund.  We can check that our addresses and shares held are correct.

Bitcoin blockchain will provide irrefutable proof of your payout to shareholders after they have confirmed their public/shareholder btc address to you.

Using CT voucher codes messaged internally to shareholders wont allow for the same level of transparency or security for this situation, assuming dividend system is not working currently for you.  There also an issue for some users who may no longer have access to their CT accounts for whatever reason.

I just received an email saying I got 1 satoshi for each share.

I did as well.

+1

We were unsure of the status of the dividends as they did not process as quickly as expected. We had started sending out the vouchers via PM so we will have to finish in this manner as well.

Please check your inboxes for the remainder of you refund

Refunds are 99% complete. Please check you emails and Crypto-trade inboxes

I received the satoshi dividend per share but as of yet, the refund hasn't shown up despite getting the inbox statement.

all fine, thanks.

to redeem your refund go here;

https://crypto-trade.com/member/redeem

and enter the code in the your crypto-trade inbox

+1 Thanks for keeping your word and I will remember this going into the future. I hope there's still a way to keep up to date w/ the Gulch community and see reports on how things are improving on the farm. Oh and you deserve a raise for having to put up with all of these customer service issues.

Thank you. I'm very sorry we could not continue but I'm glad things ended well.

Funds have been withdrawn successfully, thanks.

After losing several Bitcoin from NeoBee I'm happy that at least one of my investments didn't turn out terribly!

Thanks for delivering, I've received my code in PM and redeemed successfully .  Positive trust/feedback placed ;)

The email mentioned that us small timers can buy into the company via a group buy.
I would gladly reinvest my BTC into a group buy.

I don't know how much cash we need to come up with. Email said something about 67K USD.
How much is the smallest lot you have?

Is anyone else interested in this? I don't think I'm qualified enough to start/run a GB so if a hero member would like to step up that'd be great!

A group buy was intended for anyone who may want to invest with a group of close friends or their family members not a group of "small timers" trying to turn this back into what we just ended. It would be in one person's name and they would be responsible for answering to there family members. This is not a solicitation for someone to organize a forum based group buy, but to contact us through our website and participate like any other client has done thus far through our sales staff. There are packages starting at $20,000 for the farm share subscriptions however the residential lots are available to those interested. Discounts will be honored according to the email sent, of which there are varying discounts depending on the size of the investment.

Ok, I guess I'm just disappointed there are no BTC securities worth investing in. You company is one of the very few who run a legitimate business.
Anyway best of luck to you and your company!

Looks like you guys were lucky to make it out of this one unscathed:

https://ounce.me/blog/libertarian-paradise-or-just-another-bitcoin-scam/

Thanks for sharing! But the article doesn't say if the project was shut down or not.

It appears they are still soliciting investments. There hasn't yet been an official from the company on the situation.

One of their biggest selling points was all this pristine water and that they were doing all this irrigation and well work but now it seems, at least on the properties, that the water rights aren't owned. Very disgraceful to call this Galt's Gulch, should be Stalingrad.

Indeed, either gross negligence or a complete sham. How one purchases land without first inquiring as to the actual zoning and water capabilities is beyond me.

There is much misinformation and incomplete information driving these recent articles, posts, comments, etc. Bitcointalk will not be where this information will be clarified, at least initially.

However the founding manager is in close continuing contact with the former owner of the land at Galt's Gulch, of which the former land owner has equity in Galt's Gulch and the intentions of seeing this project through. The water rights are in no danger whatsoever. Zoning of this land was made known to investors that approvals were incomplete before the time of their investment. Resolutions to starting investors concerns have long been in the works despite longer timelines being unforeseen. Resolving the recent problems is not limited to the potential change in management of which the founding manager has been willing to negotiate, and this project is indeed viable from a perspective with boots on the ground.