@raskul: How much money did you invest in this hilarity, if you're not too embarrassed to say? I know it's not anything interesting, since total sold is ~3BTC. And I even promise not to rub it in when you finally lose it  |
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You are soliciting money through every avenue available to you, including absurdities like Bitcoinburse (well, you did 'til they decided to charge you moar). Of course your choice to avoid the exchange with a medicum of listing requirements is my concern. Did you get a nice new shower cap for your friend the developer?
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they never asked about residents in the same house hold.
My guess would you didn't get far enough. We weren't asked to give information, they gave it to us. Wait, you didn't meet Havelck's stringent listing requirements? loo. No, thats not why we didn't go through with it. We still talk to them but on different matters. Did you go through such an extensive and intrusive ordeal and then decided not to list? What do you guys have left to chat about, now that Havelock knows all there is to know about you? |
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No your just renting hashes from him
Not true. Cowboyminer sell some of his miners and afterwards provides hosting services to cbcm We do the same with the first round, and might do it in additional cbcm offerings, assuming we'll have in stock miners. So now there's you )who is not endorsing this IPO but is worried about soiling his name), cowboyminer (who provided you with a hefty deposit and docs for reasons unclear), cbcm (who didn't), and Havelock, who is bypassing cbcm and giving you the IPO take directly (though you do not endorse this IPO). That about right? |
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they never asked about residents in the same house hold.
My guess would you didn't get far enough. We weren't asked to give information, they gave it to us. Wait, you didn't meet Havelck's stringent listing requirements? loo. |
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My last post for now: the deal is air tight.
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Up for me. 26 shares already sold  So, does that mean your FUD spout is going to start up again soon? Not sure what you mean  |
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@pummle re. "14% monthly": Sorry, reading fail on my part (and a typo).
The point still stands, though--a loan for purchasing real estate is something that banks are quite familiar with, since most people don't buy houses with a suitcase full of cash.
I believe Branny has addressed this previously, that all the banks he talked to said he needs a longer history as a landlord before they will consider giving him a loan to buy more properties. With all the properties this company owns lien free, I find this almost impossible to believe. Ever apply for a loan as an LLC or corporation?
Unfortunately these kinds of things take time (months) before you get the deals hammered out, and this specific property will be sold in 2 weeks or less.
So maybe we will have to pass up this property. There is no need to rush through things. We've already missed 5 properties this year that resulted in net ROIs of over 100%. I just hate the idea of missing another one. 1. Yes. 2. Running a business implies understanding that you do not have unlimited finances. I see nice things that I like all the time without buying each and every one. |
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@pummle re. "14% monthly": Sorry, reading fail on my part (and a typo).
The point still stands, though--a loan for purchasing real estate is something that banks are quite familiar with, since most people don't buy houses with a suitcase full of cash.
I believe Branny has addressed this previously, that all the banks he talked to said he needs a longer history as a landlord before they will consider giving him a loan to buy more properties. With all the properties this company owns lien free, I find this almost impossible to believe. It is a relic of the old money system. They just do not expect something like rentalstarter to appear. Perhaps you could talk to the guys in #bitcoin-assets to see if there would be interest in funding a loan for an opportunity like this? It's not a relic at all. I own my house lien-free. I could use it to collateralize a bank loan. Trust me, banks have seen this sort of thing before. let's not play us vs. them here. |
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Lol, to what end? What is this collateral meant to insure? See red font above, you're not making any sense.
To make sure cowboyminer will host the needed hash-power. If cowboyminer would break his promise to host before receiving 35 miners from you, what would make him keep it after getting 35 miners? He gets his collateral back, gets 35 miners that are worth something and ...what am I missing? Curiouser and curiouser. |
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@pummle re. "14% monthly": Sorry, reading fail on my part (and a typo).
The point still stands, though--a loan for purchasing real estate is something that banks are quite familiar with, since most people don't buy houses with a suitcase full of cash.
I believe Branny has addressed this previously, that all the banks he talked to said he needs a longer history as a landlord before they will consider giving him a loan to buy more properties. With all the properties this company owns lien free, I find this almost impossible to believe. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ Thanks. Just two more questions: 1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered?
2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a thousand dollar loan I'm getting tired, so this will be the last answer. The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will. I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral. What is the point of *you* holding $100k in "collateral"? Finally, if you are explicitly not endorsing this IPO, a simple post stating your lack of involvement [above selling 35 miners] should have sufficed. You, OTOH, are implying this is more than a simple sale but a collaboration of three parties, with negative outcome potentially impacting your name. I too am getting tired of nonsensical and evasive answers. The collateral was taken from cowboyminer. Lol, to what end? What is this collateral meant to insure? See red font above, you're not making any sense. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ Thanks. Just two more questions: 1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered? 2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a thousand dollar loan I'm getting tired, so this will be the last answer. The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling. Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will. I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral. Since three parties are involved, and Havelock has stated that the funds will be released directly to you, how could the issuer *possibly* screw up this IPO? What is the point of *you* holding $100k in "collateral"? Finally, if you are explicitly not endorsing this IPO (though you assure me that it will "execute cleanly"), a simple post stating your lack of involvement [above selling 35 miners] should have sufficed. You, OTOH, are implying this is more than a simple sale but a collaboration of three parties, with negative outcome potentially impacting your name. I too am getting tired of nonsensical and evasive answers. |
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Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO 2. $ Thanks. Just two more questions: 1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered? 2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a $1,000 loan *Extra credit question: 3. How much thought have you given this? |
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@pummle re. "14% monthly": Sorry, reading fail on my part (and a typo).
The point still stands, though--a loan for purchasing real estate is something that banks are quite familiar with, since most people don't buy houses with a suitcase full of cash.
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...
First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM.
...
Do you need more clarifications ?
Not the guy you're responding to, but could you explain why you needed "hefty collateral" in a deal where you don't seem to be risking anything? What is this "hefty collateral"? ...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... Since our name is involved, we wanted to make sure both CBCM and cowboyminer will respect their obligations. They will. Even without the collateral, their handling and conduct was professional. You are effectively selling 10 miners. If I ordered ten miners from you and paid for them in bitcoin, would you also request "hefty collateral" from me on top of that? For the third time, what is this "hefty collateral"? For now, we're selling 35 miners, but the company name was involved. We might sell more in the future. Above $100K Please answer my questions as they are spelled out: 1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why? 2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer. |
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...
Buy anyway, you're welcome to buy miners from us and do your own IPO.
Isn't that basically what's happening here? Only the order is reversed: First IPO, and with the money made--buy your miners. PROFIT! |
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...
First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM.
...
Do you need more clarifications ?
Not the guy you're responding to, but could you explain why you needed "hefty collateral" in a deal where you don't seem to be risking anything? What is this "hefty collateral"? ...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... Since our name is involved, we wanted to make sure both CBCM and cowboyminer will respect their obligations. They will. Even without the collateral, their handling and conduct was professional. You are effectively selling 10 miners. If I ordered ten miners from you and paid for them in bitcoin, would you also request "hefty collateral" from me on top of that? For the third time, what is this "hefty collateral"? |
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...
First round of CBMC IPO, assuming it will be successful, will be covered by SP10s hosted by us. That was our only agreement with CBCM.
...
Do you need more clarifications ?
Not the guy you're responding to, but could you explain why you needed "hefty collateral" in a deal where you don't seem to be risking anything? What is this "hefty collateral"? ...
We've due diligence all the parties involved, and I'm 100% confident.
Moreover, hefty collateral has been taken.
... |
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@Branny: Why are you seeking a loan, and at 14% monthly interest? Wasn't your SPO [Second Public Offering] and the consequent bitcoin price increase sufficient? I realize that attractive deals present themselves, but taking out a loan at 14% monthly interest is not how a real business handles such things.
Why not explore a less extreme approach, such as... a loan from a bank?
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