...
We believe that PETA is on the right track and has made the right choices to keep the company viable over the past year. If you do not agree with the decisions made by PETA we are always looking for great companies to list their Fund on Havelock apply today!
Havelock Investments
Thank you Havelock. Have you revised your position re. Mintspare yet? We have been working with Mintspare closely during the past few months and they have a bright future ahead of them.
 Or NeoBee? (lol gone) Or COG (lol gone) Or shares in your own exchange? (trading @ < 1/2 IPO price) Your vote of confidence ...doesn't inspire much confidence. |
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...The Feds policies are basically pushing you to speculate because keeping in cash means slowly losing your value. If you can't get into stocks or RE, then what?
Well sure, low interest rates push people to spend and invest. That's the intent of lowering interest rates. You seem to be upset because it works as intended. The inequality of this can also be combined with the fact that it is basically legal for financial institutions to commit fraud and receive no penalty. No major banker has gone to jail for the deeds committed in the lead up to the financial crisis. ... The rich get preferential treatment from the courts? In MY America?! Sure. Multimillion dollar legal teams find employment, while there are perfectly good court-appointed attorneys for the poor. If both net the same results, why spend the extra money? |
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Sirs!
Allow me to place this offering in perspective. Just 880 of the 30k shares have been sold thus far, most on the first day. To "prime the pump," so to speak.
A harmless prank pulled by our fun-loving Panamanian colleagues at Havelock.
Lighten up, Gentlemen!
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Why is the price of each share below IPO ... Am I missing something here?
Well, CRYPTX BTC price is dropping, but its dollar price is doing OK. As long as BTC/$ exchange rate keeps growing, you'll be able to break even in $$$. In BTC? Not so much. Anyhow, investing is not all about profit. Small scrypt miners would like to thank all of you for keeping the Litecoin network secure  |
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Ok but the difference is that I am borrowing a coin and returning the same coin...
Protip: >>>Bitcoin Forum > Economy > Marketplace > Lending |
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You are mistaken. I do understand how you operate, simply wish to share this understanding with your marks.
ty for your time.
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TY Crypto Capital. This brings me back to my original question, which banks are you working with?
For a real-world example:
I live in US, NY, NYC, which bank would I be dealing with? I'd like to contact that bank and verify your involvement with it.
TY again.
Re. "no need to trust or provide your information to the trading software provider, they are a software company, not a financial one":
An exchange operator is an exchange operator, a software provider is a software provider. If the software provider happens to also be running the exchange, he becomes both. I'm afraid you've been mislead by your legal counsel.
We currently do not work with a Bank in the U.S, but we will provide a funding option directly to US customers in the near future and will update our customers as soon as it is setup. OK, no US banks. Any banks I could contact? We act as exchange operators, and the "exchange" companies are software providers to our financial company. If you used trading software, is your agreement with the software company that made the software or the broker that provides the software to you as a client. If you use online banking software provided by your bank to handle your banking needs do you interact directly with the software company that wrote the software for the banking platform? Of course not.
This is getting a bit silly. When I use my bank's software, I'm dealing with my bank. The [outside] firm providing banking software to my bank is not opening bank branches and calling itself "bank," while the exchange software providers are not starting their own exchanges while playing licensed brokers. No parallels whatsoever with your DIY exchanges functioning on open-source software (which you provide along with your "bank - escrow" service). McExchange Franchise model is amusing as a thought exercise, but I'm afraid no more than that. We provide exchange software developers to option to engage customers without holding money in their own account, but in an escrow account. An exchange software provider manages the software, they do not need to physically handle your money, they only need to run and manage the matching engine software.
"Physically handle [my] money"?! Unless you are expecting my bank to send used, nonsequential tens and twenties, you won't be physically handling it either. An exchange is an exchange, and the person selling unregistered securities on an unlicensed exchange is selling unregistered securities while running an unlicensed exchange. Regardless of who "escrows" the money. I don't particularly care if you break every law on the books, but don't kid your "clients." Think about coinfloor, a UK exchange that uses a money transmitter to hold the funds in escrow and receive and send them back and forth on behalf of their customers. We do the same thing, but on a global multi-currency platform.
... No. From a cursory look at the website, Coinfloor appears to be no different from other exchanges, it does not farm out AML requirements to third parties, or claim to be just a "software provider." Again, no parallels with what you are proposing. As I said, McExchange is an interesting hypothetical, and clever in a geeky, literalist sort'a way, but it's simply a nonstarter as a working, IRL proposition. Financial regulators simply don't share our sense of humor. |
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TY Crypto Capital. This brings me back to my original question, which banks are you working with?
For a real-world example:
I live in US, NY, NYC, which bank would I be dealing with? I'd like to contact that bank and verify your involvement with it.
TY again.
Re. "no need to trust or provide your information to the trading software provider, they are a software company, not a financial one":
An exchange operator is an exchange operator, a software provider is a software provider. If the software provider happens to also be running the exchange, he becomes both. I'm afraid you've been mislead by your legal counsel.
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@MrWDunne: Asking @Crypto Financial. That's not you. You're MrWDunne.  What did I just say? The question was not addressed to you. If I wanted to hear your opinion, I would have asked for it. I appreciate youe wish to be helpful, but please do not shit up other people's threads. |
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...
Crypto Financial allows anyone with an account with them to setup an exchange without the need to setup their own banking ties, all fiat related service are handled by Crypto Financials
... @Crypto Financial: Can you confirm/deny? ty @Anonymousg64: I think you're mistaken, but waiting for Crypto Financial's response. |
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Would it be accurate to say that you don't work with any banks directly, but rather with the banks of the member exchanges? You simply forward my KYC compliance information to member exchanges?
I assumed that you were providing a partner bank to member exchanges. This is not the case?
*I don't feel entirely comfortable providing my documents directly to the exchange I deal with. Introducing an extra third-party risk, with yet another foreign registration, seems a bit foolhardy.
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Crypto Capital will provide several "getaway options" for you to Fund your account.
We do not work with a single bank, but a network of banks. Once you open an account with Crypto Capital you may fund your account based on your location and preference.
Thank you,
CFIG
Could you elaborate on the mechanics of this? I don't get it. |
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^who/link?
@Crypto Financial: Can you confirm/name bank?
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...and I am led to believe they are not just with a single bank, which further diversifies the risk.
Care to mention who or what "led [you] to believe" that? |
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>without making an research.
Kill it before it lays eggs.
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ty, just started going through that thread and read your--so much lel! Please elaborate/clarify to start: "...The Company’s entire equity structure is currently comprised of Class A Shares. After completion of the offering, it is anticipated the Company’s investors will own 25% of the outstanding shares, while current and expected insiders will retain the balance. ..." -- http://dotsforbits.com/BizPlan.pdf (your prospectus) vs. "...Currently, as stated in the prospectus: the shares you buy guarantee you the net profits of DotsforBits. The reason is simple: if we were to issue these shares as equity in the LTD then we would need the name and passport ID number of every single person buying shares. ..." -- https://nxtforum.org/general-discussion/comming-soon-'dfb'/40/ (your other thread) What do the shares represent, equity or "shares of the profits"? And what is the intended meaning of "Class A Shares" [sic] within the context of your prospectus?
*BTW, Since this Bitcointalk thread was started, there was just one post in your other thread ...announcing that this one exists. So still unsure re: "more and more [positive responses]" bit. Perhaps an allusion to the Reddit link you once again forgot to post? |
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...
"Allegedly" is a reporters favourite word to mean I have no evidence but want to you to think it's true.
Gotcha. Just wanted to rule out Havelock as the source of said allegations. |
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From your blog: Havelockinvestments is a larger platform, which was initially started as a Canadian company but then transformed into Panama-registered investment fund. It does provide as such a certain legal framework for the listed securities, basically they are considered to be sub-funds in the feeder fund. Havelockinvestments allegedly buys shares in all listed companies, and resells it for Bitcoins as stocks corresponding to its sub-funds.
Could you cite the source of the emboldened text?
[edit] Not sure if the following is meant as an argument in the alternative, since it is impossible for decentralized exchanges to vet securities issuers? ...The costs of regulation and law enforcement could be prohibitively high. The emergence of decentralized marketplaces which are effectively impossible to take down should make governments worldwide to re-think their stance on regulation, and understand that some things cannot be regulated, and have to be simply dealt with.
...
The key to success here would be the issuers screening and preemptive measures against fraudulent players.
...
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Ridiculous valuation. For that reason, I am out...
Ridiculous valuation. Care to elaborate further? We have put 80 000 dollars as bare minimum goal that will still enable us to carry out the neccessities and major parts of the business plan. I am not sure if you are familiar with extensive software coding like this project, but it ain't cheap... Lol, $80k, according to your pseudo-prospectus, represents merely 25% of this esteemed concern. And since you are paying yourselves to code, code is as cheap or expensive as you choose to make it like I said 80 000 dollars is minimum. If that number is reached then each shareholder gets several fold more shares than they invested at. I think this is one of the points that has gone by people and we accept our mistake in not highlighting this issue clearly.
Yeah, that's hilarious. Do highlight it. Also, you keep forgetting: We have this IPO on more forums + reddit. We have also recieved several domain offers and questions on PM over the last 24 hours.
Where are the links to Reddit and other forums?
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