Hopefully less than two weeks until launch...
Ahh! "Two Weeks(tm)" Well we're aiming for the 31st but I didn't want to say that and then be wrong. Yep. Two Weeks(tm). |
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Please do. I'm unable to find such documentation. Edit, regarding this: ...
The management fee on this Fund is not enough to cover the expenses directly involved in managing the fund, hence we raised a small private equity round to cover our internal business expenses (salaries, rent, back-office systems, travel, support, contract management, etc) while we grow Ignite Financing and our Fund -> Lease model, as well as additional internal initiatives, such as smart contracts (leases directly on the blockchain) and other interesting applications of the Bitcoin technology within the business.
Ignite Financing is subsidizing the Fund's management and administration expenses since the method is new to the space, and we have to prove this method to investors through good returns in order to raise additional funds to back ever more machines (this raise purchases around 12 machines against our current outstanding orders of over 80).
... Seems ur taking 20 BTC (~$12k) from the funds raised on Havelock, according 2 ur prospectus:  http://ignitefinancing.com/BTM_prospectus.pdf |
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You have stated that Havelock will be holding the funds, and dispensing said funds to you only after having verified and approved their intended use. That describes the role of the custodian. I quote: ...
Havelockinvestments.com requires proof of usage from the management company for any withdrawal of funds from the Fund. We will provide Havelockinvestments.com with the contract, pre-payment fees invoice & proof of pre-payment payment from the leasee (trackable by them on the blockchain and verified against the contract and invoice provided by Ignite Financing), as well as the invoice from the manufacturer. Havelockinvestments.com can release the funds directly to the manufacturer invoice BTC address from the Fund (all BitcoinATM manufacturers invoice directly in BTC). There is no reason for these funds to ever touch the management company's Bitcoin wallet.
... If Havelock is incapable of providing sound stewardship, the issue is relevant for your potential "investors." P.S: Since you are trying your hand at being concise, keep in mind that text enclosed by quotes must be verbatim. For instance, I have never used the phrase "custodian of the shares" (which you seem to be attributing to me), making it difficult to understand just whose claim you are refuting. |
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IF: The prospectus directs the usage of the funds raised on Havelockinvestments.com. Summarized: Funds are to be used for the purchase of inventory that will be leased to operators globally. In the highly unlikely event that we are not able to do procure leasees, the funds would be returned to the unit holders since they would not be able to be used for other activities.
Havelockinvestments.com requires proof of usage from the management company for any withdrawal of funds from the Fund. We will provide Havelockinvestments.com with the contract, pre-payment fees invoice & proof of pre-payment payment from the leasee (trackable by them on the blockchain and verified against the contract and invoice provided by Ignite Financing), as well as the invoice from the manufacturer. Havelockinvestments.com can release the funds directly to the manufacturer invoice BTC address from the Fund (all BitcoinATM manufacturers invoice directly in BTC). There is no reason for these funds to ever touch the management company's Bitcoin wallet.
... If Havelock is to be the custodian of the raised funds, it is not stated in your prospectus. I realize Havelock has experimented with playing intermediary, and doling out raised funds as a parent would dole out his child's allowance, but such stewardship proved problematic for the "investors" of MintSpare (ticker: MS): While Havelock is [allegedly] still holding 100 BTC, both it and the issuer have simply ceased all communications with the unfortunate "investors" after the stock tanked. The last comment from Havelock (note date): There are no plans to release any additional units of the Fund.
Everyone understood that the success of this company is heavily depended on the Bitcoin price and popularity.
If and when Bitcoin makes a "comeback" in price, so will the customers that want to trade their electronics for Bitcoin.
Last dividends: never. Last official update: February 14th, 2014 The last comment from the issuer (note date): Update is under review by Havelock.
TL;DR: If Havelock is taking on any, above purely technical, responsibilities upon itself, the extent of these responsibilities should be concisely delineated by Havelock, and included in your prospectus. No one wants another MintSpare. Oh Jesus, don't tell me this guy ain't 100% legit!  |
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Is the breakdown offered below accurate? If not, feel free to correct. 1. You are asking for money to buy a bunch of ATMs (ATM Inventory, "The Fund"), which, upon being purchased, will belong to you, (Bitcoin ATM Inventory Fund, managed by IgniteFinancing, a BVI registered company). 2. You promise to attempt leasing out these ATMs to others (Operators). 3. From resultant lease payments, you (Terry Woltman, CEO; Mike Snyder, COO; Eddy Travia, advisor) will draw a salary for yourselves (Fund Management), totaling 25% of gross revenue. 4. The Fund reserves the right to "release further BTM units, or [and] raise additional funds on Havelockinvestments.com or [and] other methods at it’s [sic] discretion" (dilute shares).* 5. The remaining 75%, less undisclosed Fund expenses, shall be distributed through quarterly dividend payments to the "unitholders." TL;DR: Your "investors" take the risks, you draw guaranteed salary (even if The Fund is in the red).
*See Special NOTE regarding reinvestment, http://ignitefinancing.com/BTM_prospectus.pdf Since no reinvestment is planned, the issuance of further "units" is simple share dilution. |
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...
Also, gambling Bitcoin securities is a low profile business preying on people with mental issues...
FTFY |
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Exciting stuff. Other than no Seedcoin involvement, same TL;DR as last time? Just to make sure I'm not missing anything:
1. You have no money or product, and are looking for funding from Seedcoin II.
2. Seedcoin II has no money or product, and is looking for funding from the Bitcoin community me.
Overlooking the fact that both you and Seedcoin II have awesome ideas, is above fairly accurate?
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... What other investment pays such high dividends daily.. weekly.. or even monthly?...
SCRYPT comes close, so you might want to diversify your portfolio  *If you find such numbers meaningful, there's also B.SELL   Go go go! |
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Can you kids start your own thread? This one's about www.Localpunter.com IPO scam. First SexyBTC is brought in to vouch for these d00ds, now she's their archenemy, can't even tell who's scamming who If you forgot what this thread is meant to be about, look at the subject line. ty and stay classy. |
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Yes, I have just spend 10 minutes to go through the whole thread and to look at your postings. I have found nothing of value.
...
Perhaps you missed something?  Fig. 1  Fig. 2  Fig. 3 aaaand:  Fig. 4 What? Related to this?  Fig. 5 Nah. |
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*Boop*   Deeply discounted, and plenty of it. Go go go! |
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...
The problem is that some trolls simply don't want answers. You'll never find NotLambChop trolling an MPEx thread. Why? Why do we find the vast majority of his posts targeted at Havelock-based companies, and not Cryptostocks, or others?... Because there is no MPEx thread? Re: Cryptostocks: ...
What you seem to be forgetting is that most scams and all ponzis pay out great at the beginning, that's how they attract savvy investing enthusiasts such as yourself.
In a few months, I'll drop you a condolences gif and offer you a virtual shoulder to sob on.
...followed, in a few months days, by me making good on mah promise: ...
The onus is still on you to answer why you still think this is a scam, especially in light of being asked following the good faith moves the project manager(s) made in an effort to try and dispel ambiguity and suspicion.
...
Noobthegreat! In light of the project manager(s) running away after making an effort to try and dispel ambiguity and suspicion, here's that condolences gif I promised you. Already gave one to SamboNZ, so this one's all yours, friend! Sorry for your loss! That's integrity and follow-through  |
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Another deletion spree. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. You don't understand how interweb works. The trail of slime you left behind you can't be deleted. You have done this once too many times, and now both you and your scamming brother are getting fed to the lions for the amusement of all.
Just like REAL Christians.
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. Nah, this is not going away. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. ...
I dono but maybe I read the news to much, but every company I have ever seen go public has never hide a key player unless something is a foul. This should be interesting if they can produce a Mr. John K Freeman, maybe they will do like tocobell and find all the Ronald McDonalds bwhaha.
Pretty sure if it was Ok'd with the SEC all parties in the IPO would be listed... like directors. So can we see what you sent the SEC?
Mr. Freeman is not only a key player, he is the asset issuer. What's more, there are many "John K. Freeman[ s]," but the issuer is not "K," but rather "Kenton," limiting us to a much narrower set  https://docs.google.com/file/d/0B6gZtLSqKPzQY05JZm1MSVNFaEk/edit@RiverBoatBTC: will post the fraudulent SEC filing in a sec.Here: https://www.sec.gov/Archives/edgar/data/1598311/000159831114000001/xslFormDX01/primary_doc.xml   [/quote] |
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Benny, you're 2 legit 2 quit  Another deletion spree in the "Send me ur monyz nao" thread. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. You don't understand how interweb works. The trail of slime you left behind you can't be deleted. You have done this once too many times, and now both you and your scamming brother are getting fed to the lions for the amusement of all.
Just like REAL Christians.
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. Nah, this is not going away. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. ...
I dono but maybe I read the news to much, but every company I have ever seen go public has never hide a key player unless something is a foul. This should be interesting if they can produce a Mr. John K Freeman, maybe they will do like tocobell and find all the Ronald McDonalds bwhaha.
Pretty sure if it was Ok'd with the SEC all parties in the IPO would be listed... like directors. So can we see what you sent the SEC?
Mr. Freeman is not only a key player, he is the asset issuer. What's more, there are many "John K. Freeman[ s]," but the issuer is not "K," but rather "Kenton," limiting us to a much narrower set https://docs.google.com/file/d/0B6gZtLSqKPzQY05JZm1MSVNFaEk/edit@RiverBoatBTC: will post the fraudulent SEC filing in a sec.Here: https://www.sec.gov/Archives/edgar/data/1598311/000159831114000001/xslFormDX01/primary_doc.xml [/quote] |
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@SamboNZ: You told people that you had the issuer's ID. Turns out you didn't. You're either World's Most Gullible Man, or you're a part of this scam. In either case, you're not to be trusted and best ignored.
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^To what end? Benny's listing is dead in the water, and Branny, apparently, was told to STFU by his lawyer. I assume he's smart enough to listen. I'm content with the results. But if you really feel I should Warmest regards, NotLambchop |
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@Smack That Ace: Before you can get a master's in anything, you first must finish grade school. You'll probably also need to cut down on huffing gasoline, but that's just friendly advice from me. I know you can do it Tiger, I believe in U!
Lesson #1: Fool people into believing you're a real high school graduate, tyep liek a boss!
masters degree master's degree
black mailers blackmailers
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ORLY? You mean I'm a scammer for calling out Danny Brewster and Ken Slaughter? WTF are you talking about? Had hordes of indignant "investors" wanting to lynch me in those threads, too. You, of course, are one of the shit tier scams, something like the CoinReturn and KLYE The CamWhore. I try not to bring those up, sorta "no shit, Sherlock" territory. But just like here, people "invested," and tripped all over themselves to defend their "investment." Keep typing, though, see if you can dig up some dirt on me |
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If you have some dirt on me, you go ahead and spill it, don't hold back 
