I think you are misunderstanding.  Havelock does not make business decisions for the companies we list, determine what the valuation of a company should be or perform accounting audits.  We do our best to verify that a business will legitimately follow through on what they say they will do by vetting their business plan and verifying identifications.  We offer guidance and advice, but ultimately it is up to each company listing to structure their business in the way they feel will help them succeed.

Also, it's important to realize the difference between venture funding/crowdfunding and traditional IPOs and how each applies to the bitcoin securities world as it is now.  Venture funding at its heart is investing in people and their ideas and does not involve investing in established businesses (as with IPOs).   Right now, the bitcoin securities world is a hybrid of the two. Some companies list when they have revenue or will have revenue in the short term and are looking to expand (you could look at them as IPOs) while other companies list when they have a plan in place but won't be operating immediately and are looking to get started (you could look at them as venture funding examples).  So with that view, I understand why people would have questions looking at CFIG as a traditional IPO but if viewed as early stage venture funding, CFIC appears in a different light.  Again, Havelock isn't saying you should pick up some units in any of our listings, but we are giving people the opportunity if they so desire.

Hope that clarifies things.  Cheers.

When a company wants to list with Havelock, the basics are we review the business plan and confirm the identities of the operator(s).  Keep in mind we are not guaranteeing any listing on Havelock will be a successful enterprise and that everyone should invest.  It's up to each person to do their own due diligence as well, and if you are not comfortable then do not invest.

We are looking grow Havelock and add more funds, but only quality funds.  This is why we perform due diligence on every applicant.  We do get more applicants that our users never become aware of, simply because they do not pass our due diligence. 

One of the great things about bitcoins and crowdfunding in general, is that it creates the opportunity for everyone to be a venture capitalist and raise funds for their innovative ideas, whereas previously this was mostly limited to people of means.  It's a new wave of entrepreneurship and Havelock is excited to be a part of it.

New feature at Havelock: Transfer units directly to another user or fund issuer ( If supported by the issuer as with XBOND).  On the fund overview page, the xfer is link is beside each the buy/sell link for each fund you own.
https://www.havelockinvestments.com

Havelock has performed our diligence to the best of our ability on Crypto Financial to ensure it is a trustworthy enterprise.  We make no guarantees to the long-term success of any companies listed on Havelock, but we aim to ensure they are quality companies that will do their best to succeed.  Market forces will determine if the valuation ends up being reasonable.  It's always best to only invest when you fully understand and are comfortable with an investment.  Cheers.

We might be biased, but we're a fan of our own mining fund.  We've been in operations for quite a while now and are well known and trusted in the bitcoin community.
https://www.havelockinvestments.com/fund.php?symbol=HIM

We've started to get our BFL singles shipped.  Here's the update from James via email to HIM holders:

Hi everyone, just a quick (but exciting!) update...

Our first order of BFL SC Singles has shipped! (Order date June 27, 2012)
(and yes, I have a tracking number!)

I will update everyone again when they arrive and are hashing away!

James

AMA with Crypto on Reddit:
http://www.reddit.com/r/Bitcoin/comments/1k7kg5/we_are_crypto_financial_a_fiat_financial_service/

And we're back up and running. 

Havelock is down.  We're working on getting it up and will advise shortly. 

SMIDGE listing set for August 14.  Check out the bitcointalk thread here: https://bitcointalk.org/index.php?topic=259772.80

We currently provide email notifications when a trade is place on your account, under email settings. (Trades on my account is the 2nd option from the bottom).  We're currently looking at SMS as well.

https://www.havelockinvestments.com/communications.php

Many of the answers are in the prospectus.  Have a read and Crypto Financial will be able to follow up on any of the unanswered questions.

https://www.havelockinvestments.com/reports.php

Announcing the upcoming public offering for Crypto Financial (CFIG)

On Monday, August 12th, 2013 at 12:00PM (EST), a public offering will open for Crypto Financial.
Total Units: 50000
Maximum Units Per User: 20000
Price: 0.15BTC/unit
Fund Overview: https://www.havelockinvestments.com/fund.php?symbol=CFIG

Crypto Financial a corporation charted for the purpose of providing Fiduciary Financial Services to Individuals, Companies, Merchants, Traders, Investors, NGOs and Non-Profit Organizations that deal with Crypto Currencies.

We plan to launch a new Financial Services company to provide our product and services to the Crypto Currency e-commerce economy. Crypto Currency is an Emerging Global Payment System. We are looking to merge the Fiat Currencies world together with the Crypto Currency world. The secure fast and easy way Crypto Currencies are transferred between customers and merchants will pave the way payments are handled in the future, across city, states and borders.
By being a Licensed Financial Services company we will be able to offer our customers the following services:

1.      A Private Individual/Corporate International Bank account
2.      Support for more than 20 different Fiat Currencies; USD, JPY, EUR etc.
3.      The option for a Visa Debit Card with the ability to withdraw funds at any ATM worldwide
4.      Several open Exchange platforms to convert Fiat Currency to Crypto Currency

There is currently a gap in the Crypto Currency market where the digital currency meets the fiat currency. Regulation via AML/KYC/SAR have proven that the average Crypto Currency Exchange Company is not equipped nor licensed to provide Financial Services to its customers when it comes to handling their funds. Many Exchanges have not been forthcoming with their Banks and have not informed their respective Banks that they will conduct business as a Money Business Service provider, and once the Bank finds out that they are, the Bank reacts by closing their account, as they do not want to be held responsible.

By providing each customer with their own private separate bank account, Crypto Financial will be able to allow Approved Exchange Companies the ability to open an account with us, therefore allowing Customers, Merchants, Traders and Investors the ability to move Fiat Currency money in and out instantly within our accounts. There will no longer be lag when transferring funds between a customer private bank account and the exchange account. Funds will only need to be transferred temporarily to the exchange account for the purchase of Crypto Currency. Any Crypto Currency sold on the exchange could be funded back directly to the customer’s private account instantly and then these funds may be withdrawn from the account which can be accessed worldwide via a Visa Debit Card issued on behalf of the customer, or other traditional means of fund transfer, ETF, ACH, Swift, Etc.

In essence the Exchange platform will serve our customers when it comes to trading Fiat to Crypto Currency and vice versa, the same way a Stock trading platform company provides the software, but the Financial Services Company (“Broker”) represent the customers and takes care of the regulation side of the business.

We strongly believe that a public offering of our shares to the Crypto Currency community will in turn provide us with the necessary capital. This will allow us to serve our customers with lower fees and better service, allowing for faster growth at lower cost. Our customers will be our shareholders. Our success will be their success. This will allow the Crypto Currency community to grow and develop and share in the responsibility and success.

Crypto Financial will offer a total of Twenty (20) % equity equivalent virtual stake in our company. The offer of 200,000 units will be offered at the price of ฿0.15 for a total initial public offer of ฿30,000.
The Offer will be done at 4(four) equal batches of 50,000 units each for a total of 200,000 units.
Each 50,000 offer will be released upon the completion of the previous offer.


Please take the time to read our full prospectus before investing at
https://www.havelockinvestments.com/reports.php

Full Company and Personal Credentials have been provided to Havelock Investments

This thread started for Crypto Currency who will be answering questions.

Hello all, the public portfolio for the laboin passthru is the following:
https://btct.co/portfolio/hbs7Cw==

Thanks

We're almost there!  We'll post an update as soon as we get shipping confirmation!

LABCO represents a passthru asset to Labcoin.

https://www.havelockinvestments.com/order.php?symbol=LABCO

This is asset is being offered for the purpose of providing Havelock Investment users a quick and efficient way of purchasing Labcoin shares.

Company Details
Website: http://labcoin.com/
BTC-TC details: https://btct.co/security/LABCOIN
Forum: https://bitcointalk.org/index.php?topic=263445.0

Shares
Each unit of LABCO represents a share of Labcoin.

Dividends
Each LABCO unit has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by Labcoin to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from Labcoin.

Labcoin has indicated that they will “Pay regular dividends amounting to a perceptual share of ownership in the company on a bi-weekly basis. The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownership.”

Voting Rights
Any public votes presented by Labcoin will be decided by the issuer for all assets at their own discretion.

Quantity and Source of Shares
Units cannot be imported or exported by shareholders at this time, but units can be freely bought and sold. Units may be imported at will by the issuer alone.

Reserved Rights
Issuer reserves the following rights:
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To make changes to this contract that best represents the interests of its shareholders
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.

Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by Havelock Investments to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. In the advent of a sale of the underlying asset, the issuer will distribute the sale price to unit holders minus a 1% dissolution fee.

Issuer Info
The Labcoin passthru will be maintained and operated by Havelock Investments.  Havelock Investments has not performed any due diligence on the underlying asset and individuals involved in managing Labcoin.

Havelock Investments makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of Labcoin and/or BTC-TC. This is only a passthru, and the actions of Labcoins will drive the definition of this asset in kind.

NOTE:  More passthru units will be added as needed.
https://www.havelockinvestments.com/order.php?symbol=LABCO

We're also excitedly waiting on them to ship.  According to BFL they're shipping June 26th singles and our first order is on the 27th, so we're getting there.  We'll post on our twitter account as well as here once we've received shipping confirmation (@Havelock_Inv).

https://forums.butterflylabs.com/blogs/bfl_jody/

Wouldn't make financial sense and we would lose the mining revenue they generate.

HIM fund announces its monthly dividend of 0.0013 per unit.  See here for details: http://bit.ly/19uYUCQ