I understand thee business is registered and operates in Panama but the operators are in Canada correct? What is the projected legal environment for BTC in Canada fr the next few years?
Also, what's the word on the street in regards to competing exchanges???
Are you very confident you will not go the way of BTC.CO in one calendar year? I also point out that Burnside initially wasn't worried cause BTC.CO was in Panama for him too, but he got scared legally at home and shut down...
Not a detractor, I am rooting for a stable xchange....
The business is 100% In Panama! |
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Your Calculation based on those projections are right. But remember that the Blocks have a built in discount to them.
So the first block is 50% off, which will double the yield. We also look to increase overall unit value not just the dividends.
even at 11% APR, it's not very attractive. Is our investment secured or anything? Why such a low return? A security like this is very high risk. And if you increase the value of the security (not sure how you can do that with 6% APR), then the APR will decrease. Am I missing something? Why should we loan you bitcoins for 6% APR? Thank you for your comment, Most emerging growth companies do not pay a dividend. Companies that are not able to grow their core business offer a dividend as they will not need to reinvest their profits. We choose to offer a dividend to our unit holders. Over the next couple of years we are looking to increase our core revenue. As our revenue increases so would the value of our units. A dividends yield is not the first issue you should look into when purchasing emerging growth companies. We appreciate your time looking into our Fund Offering. Havelock Investments |
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so that projected profit of 5870 btc (it really takes 2K btc to run your exchange?) is divided by 100,000,000 shares?
That's .0000587 per share, at a value of .001, so like 5.87% APR?
Or did I do a calculation wrong somewhere?
Your Calculation based on those projections are right. But remember that the Blocks have a built in discount to them. So the first block is 50% off, which will double the yield. We also look to increase overall unit value not just the dividends. Thank you Havelock Investments |
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1 BTC monthly fee for listing seems a lot, many small-but-profitable securities might have problems paying that.
Have you considered and discarded the possibility of offering discounts to some securities, or is there a chance of that happening?
Thinking there will be 50 securities able to pay that fee is overly optimistic, I fear.
The 1 BTC Maintenance fee to continue to be listed with our Site is based on our current General Tariff. Adjustments or discounts will be considered based on the size of the asset we manage. HIF |
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Based on the BTC5870 mentioned in the prospectus, I think that should be ~17X.
It is an approximation at this time. Remember over 75% of our offering will be done in a discount. Also we are not issuing any securities, but are offering our users the ability to purchase units of the Funds that we manage. Feel free to contact us directly so that we may explain that further. Thank you, Havelock Investments |
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So, just to clarify...
The total number of undilutable shares is 100,000,000.
The percentage of shares actually traded publicly will be 5% of the total.
At a face value of BTC0.001 (ignoring IPO discounts), Havelock Investments will be worth BTC100,000. That's almost $70 million at current prices.
I apologise in advance if I'm missing something...
Based on our projected FY 2014 Revenue and Profit the price is based on 12X PE Which our Investments Advisers on our team believe is a very low PE ratio for our Bitcoin Venture Capital Fund. Also remember that all of Revenues will be Bitcoin based regardless of the Fiat/BTC ratio. Thank you, HIF |
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Other than the fact that you are registered in Panama, how can you ensure that Havelock will not go the way of BitFunder and BTCT? I don't see how you guys are any more exempt from the same vulnerabilities that they were exposed to.
Investors could be S.O.L. if a month from now the feds come crashing down your door with immense pressure making you close down.
The Panama Fund is a registered licensed Private Investment company that follows the regulations required in the jurisdiction in which we operate. We worked hard with local regulators to find a Legal way to offer our Bitcoin Venture Capital Fund. Unless new Laws are written or existing Laws are rewritten we will continue to operate as is. Thank you, Havelock Investments |
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(HIF) HavlockInvestments
HavlockInvestments
HavelcokInvestments
HavlockInvestments
The only one missing seems to be HavecocksInvestments. We are trying to cover all spelling options for SEO purposes.  Thank you. |
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wow you guys thanks a bunch! really unexpected  1CDBTX12qwyKzp2p1c8oWncGWTfHYq5gZA We are all Unit Holders in the Bitcoin open source economy! Thanx again! Havelock Investments |
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so what's the actual price? On the site it's 0.005 in prospectus 0.0005?
Thank you for catching this error. The price is BTC0.0005. We fixed that on the public offering, will be out in about an hour. Can you please provide us with your BTC address we would like to send you a reward. Thank you, Havelock Investments |
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great reaction speed!
Concerning the prospectus "PROJECTED REVENUE": do all securities pay as listed there? Didn't TAT mention something about getting favorable conditions for listing his funds as they helped kickstart this exchange?
The fees are based on our general current Tariff. Any discounts if any to any Fund will be based on a case by case basis. Havelock Investments |
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I really think you should link to that from the security. Done! Thank you for your input! |
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Are new listings being accepted at Havelock? Seems like there was a lot of potential listings to be had after BTCTC and Bitfunder and Havelock wasn't aggressive in getting this business.
Yes! We are currently processing new applications. If you would like to apply please send an e-mail to: Funds@HavelockInvestments.comThank you, Havelock Investments |
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We are pleased to announce the release of the new IVFO (Initial Virtual Fund Offering): (HIF) HavelockInvestments.com FundHavelockInvestments.com offers a software platform through its website which allows Companies to apply for Venture Capital Funds and be listed through our Bitcoin denominated Fund. Our revenue is derived from Listing Fees, Maintenance Fees and Exchange Fees. This Fund is offered as a way for our loyal users to participate in any profits derived from the operations of the HavelockInvestments.com website. HavelockInvestments.com will offer a total of 20,000,000 units. 15,000,000 (75%) will be restricted units held privately by the owners of the Fund 5,000,000 (25%) will be floated via the exchange This offer will represent Twenty Percent (20%) in virtual units of the HavelockInvestments.com which is comprised in total of 100,000,000 units of the Fund. These units will never be diluted. These units will be offered exclusively through the HavelockInvestments.com Website The Units of the HavelockInvestments.com Fund will be released over 4 Blocks. Each Block released will offer a total of: One Million Two Hundred and Fifty Thousand (1,250,000) Units each. The schedule of the Blocks will be as follows: November 20th, 2013 12 PM 1st Block 1,250,000 Units Offered at a 50% Discount ฿0.0005 Per Unit = 625 BTC **SOLD OUT**
November 22nd, 2013 2nd Block 1,250,000 Units Offered at a 33% Discount ฿0.00066 Per Unit = 825 BTC ** Timed Out***TBD 3rd Block 1,250,000 Units Offered at a 25% Discount ฿0.00075 Per Unit = 937.5 BTC *TBD 4th Block 1,250,000 Units Offered at a face value ฿0.001 Per Unit = 1250 BTC The above Blocks will be released based on market conditions. Open Market Orders will begin November 27th, 2013 12 PM ESTUpdates on when the Blocks will be released will be made exclusively through the HavelockInvestments.com website Please review our prospectus before purchasing any of the Fund's Units at https://www.havelockinvestments.com/reports.phpFor more info please visit: https://www.havelockinvestments.com/fund.php?symbol=HIFOr contact us at Contact@HavelockInvestments.com |
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We know there are going to be a lot of follow-up questions and we'll do our best to answer them all in the following week. We wanted to get the announcement out tonight to let everyone know that Havelock's future is secure and safe, and that there will be no changes to existing user requirements (ie US users are fine).
Again, we'll get to all inquiries next week and look forward to the future with this exciting development in place.
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November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.
The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.
With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.
The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.
We'll be following up with inquiries during the next week.
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That's the best dividend in 2013, thanks. At the announced hashrate, next month should be even better. Any more miners coming in from BFL or is that over? (65nm technology, not the Monarchs) That's all the singles we have on order. We're looking at a few other options at this point to continue to grow. |
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