Trade Stop-XDC

Buy Back offers and conversion closed.

Shares Issued:   61,832
Last Close Price:   0.006945 btc

Register for buy Back Notice to shareholders of Diamond Circle Pty Ltd

Contact the undersigned to redeem.

Stephen Rowlison
CEO
mailto: invest@diamondcircle.net

You may purchase the NFC tags and place an order for our Bitcoin ATM.

The shares were $2,000AUD for 100 (a parcel) in paper script.  These are still available to private investors at a price negotiated.  The Crypto listing offers the potential for liquidity to investors and potential profits for traders.

The company has started the rollout of a completely cash-less ATM which accepts both debit and credit cards rather than bank notes for Bitcoin and expects delivery next week from touchmate.com.au
 
The device dispenses plastic Bitcoins that are about the size of a standard metal coin.  The machine also provides balances and a sell Bitcoin feature with a cash docket that can be redeemed for cash through participating merchants.
 
To address the security issue your secret account number is stored on the Tag.  A password is stored in the company’s database but not the secret account number. This means that a thief would need the tags and the database to make a getaway with your Bitcoins.

Your pubic account number, the one you give out to people that want to send you money to is also stored on the tag which is safe.  These tags broadcast your account number to nearby mobile phones so that others can send you Bitcoins.  Tags come in a range of shapes and sizes including wrist bands, pendants and key fobs. 

The company offers both variable and fixed price Bitcoins.  The fixed price Bitcoins are not affected by price volatility as the company charges a small premium to hedge against price variations.
The Tags can also be used to purchase goods and services at retail merchants that have installed the company’s Merchant Point of Sale solution which costs about $100.00. The company also provides an exchange web site to allow users to change their PIN, report lost tags, add bank accounts to sell their Bitcoins for up to $1,000 without requiring any identification documents.

For added security and convenience the company offers a reader that can be used at home with the tags which gives peace of mind since it’s not connected to the Internet. 

“For those that travel frequently and buy from overseas stand the benefit the most”, said Stephen Rowlison CEO of the company. “Our network means that you’ll never need to pay for a foreign currency charge or fall victim to exchange rates when you buy our Bitcoins from our global ATM fleet”.  When you land in a new country you can pay in Bitcoin in the shops.  Merchants like it also because they can buy supplies in Bitcoin and not get hit by charges either and reduce cash on hand.  Our ATM operators earn % but are required to keep the machines full of Bitcoin tags which we supply at no charge”. 


http://diamondcircle.net

I can personally assure everyone, Trent Churchill has no involvement with Diamond Circle.

Trent Churchill is not a Director of Diamond Circle.

Q. Is DC an unmanaged and unregulated financial institution?

A. Diamond Circle is enrolled with Austrac as a money services business. 

http://austrac.gov.au/

We appreciate the critical analysis of our business, offer and recommendations.

>>"The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions." - Refers to my background and my Chairman's with respect to our experience in the financial services sector.

>>Dividend Policy
The statement is from our constitution.  If we hit our numbers for the quarter, it would make sense to declare a dividend.  Our major focus is on ATM's and Merchant POS.  This requires considerable R&D as compared with mining equipment which typically earns dividends once the power is applied.

>>Recent Changes to Director Positions
See updated information:
https://cryptostocks.com/securities/71

The company may pay dividends according to the resolution of the directors. Payments of dividends are subject to share class rights and restrictions and must always be paid in accordance with the Corporations Act. Where share classes exist, the directors have the discretion to distribute dividends in different proportions according to class, or to exclude one class from distribution. The directors of the company may determine that a dividend is payable and fix the amount, time and method of payment.

No interest will be payable to members, if dividend is paid later then the time stipulated in the directors declaration. The directors are permitted to use any part of a dividend to satisfy the debt of that member to the company on account of the relevant shares.

The company must not pay a dividend unless it is paid under circumstances described in section 254T of the Corporations Act 2001. These circumstances are:

 the company’s assets exceed its liabilities (calculated in accordance with the accounting standards in force at the relevant time) immediately before the dividend is declared and the excess is sufficient for the payment of the dividend; and
 the payment of the dividend is fair and reasonable to the company’s shareholders as a whole; and
 the payment of the dividend does not materially prejudice the company’s ability to pay its creditors, such as, the company becoming insolvent as a result of dividend payment.

A general meeting shall not declare a dividend larger than recommended by the directors. The crediting or payment of partly paid shares with dividends must allow for the amounts unpaid or uncredited, ignoring any amounts paid before a call is made.

If, during the relevant period, the amount paid or credited on that share changes, then the dividend is credited or paid to the share allowing for this change. Any share shall rank for dividends on the date, if any, that was relevantly stipulated upon issue.
The method of dividend payment may be by cash, issue of further shares or other securities, the grant of options or the transfer of other assets. Shares in a second company must be fully paid to be used as payments in specie. The difficulties that arise in relation to a payment in specie may be dealt with at the discretion of the directors, including:
 fixing the value of a specific asset;
 making cash payments on the basis of their valuation; or
 putting any cash or assets on trust for all relevant members.

Dividends may be distributed by the company paying a cheque to the address of the relevant shareholder as listed in the share register. Where the dividend is paid to joint holders, the address for payment shall be the address listed in the share register for the first named joint holder; unless all the joint holders indicate otherwise in a written request. Joint holders are bound if one of their numbers receives a distribution.

Dividends that are not yet claimed may be used by the company for its own benefit as stipulated in the Corporations Act.

The NFC reader/writer is used to initialize a private (encrypted) and public key onto an NFC tags and reads the public and private key for making payments and exchange.  The mobile device is similar to Square^tm.  The fixed device is similar to Paywave ^tm/Paypass ^tm.

~Green,

Thanks for the feedback.

btc + nfc integration is cost competitive and provides opportunities for new issuers.

I believe our approach will be favored by regulators and assure leading edge card processors.  Your analogy is spot on, except their is no subscription charge at this stage whilst your coins are in our ID loop, nor limits on how much you can spend daily and on what or where or to whom.  I hope we can find a better model than just non-interest earnings also.

Stephen

Diamond Circle, an enrolled Money Transmitter of store value cards, cash free Automated Teller Machines, Merchant Point of sale solutions and online exchange platform specialises in providing financial services and enabling technology in the Crypto-currency/commodity Bitcoin market.  The company is listed on the cryptostocks.com crowded funding platform (ticker ‘XDC’’), trading at around $20.00USD per share.  The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions.

Diamond Circle seeks to raise a further $2.5M USD to expand its services to the UK, USA, Canada and Asia.


Unique selling proposition
Consumers receive their Bitcoins on a stored value card a.k.a ‘Bitcoin Wallet’ implemented as on an NFC Tag, which they can transfer to online after formal KYC identification steps have been undertaken by our Global identity partner GBGroup, who are based in the UK, whereupon our technology charges consumers credit card and releases a lock held on their Bitcoins. This approach also offers our banking partners with assuredly against credit card fraud and protects our Bitcoin and cash reserves.  At this stage the consumer may transfer their Bitcoins to an online wallet, purchase additional Bitcoins from our web site or redeem them for cash to a nominated bank account or to an online e-cash entity and via approved merchants, and approved money transmitters world-wide.  The wallets also broadcast the consumer’s Public key to nearby Near Field Communication enabled phones, the feature allows easy transfer of Bitcoin to their wallet from other counterparties. 

•   Secure mechanism for the storage of crypto-currencies compared to risky online wallets where the operator records a consumers private key.
•   Stored value card based purchases supports government anti-money laundering legislation, reduces cash in transit costs and secondary exchange
•   Merchant Point of sale offers Merchants a commission based opportunity to offset payment fees
•   Integrated off-line and online transaction model with infrastructure to support 5 billion transactions per day and 4,000 automated teller machines
•   Corporate Governance Board, AML/KYC compliant processes, Advisory Boards, multi-disciplined team, CMMI Level 5, ISO9001 quality assured self attested, extensive contacts and relationships globally.

Short Term Outlook
For the first quarter, the company seeks to raise $250,000USD and deliver an EBIT of $96,671-$129,671 USD which will see the deployment of 5 Bitcoin ATM’s either company owned or sold which issue Bitcoin wallets on stored value cards in each capital city of Australia. This raising will also provide the company with a reserve of cash and Bitcoin for use in our closed loop payments solution. 

In Quarter 2, the company will raise $250,000 USD and return an EBIT of $660,880 USD from the sale of a further 25 machines. Production commences thereafter for the initial 30 units with larger quantities manufactured in the same supplier who also has a manufacturing plant in Texas, enabling us to effectively penetrate both North and South America. We will complete our R&D for a merchant point of sale.  Merchant POS enables brick and mortar retailers to exchange goods and services with consumers that possess our stored value cards which are issued from our ATM machines and will be available for purchase from convenient locations and online.  Merchants are charged a fee through our exchange service.  We anticipate sales of our Merchant POS equipment and associated subscription model will support our ATM fleet and generate further revenues in-store and online.  Approved merchants will be offered a commission to exchange Bitcoin via our stored value cards, which further extends our foot print, permits the receipt of paper money to identified consumers and offers another revenue stream. Merchants can also issue our stored value cards for a margin (corner shops). 


Medium Term Outlook
•   Convergence between Google Wallet, online e-cash participants, financial services partners (Brokered services), telecommunication providers (SIM card Bitcoin Wallets) are strategic targets for further growth.
•   Deploy Bitcoin Enterprise solutions for the corporate and Government sector (non-fiat).
•    Interest from the UK is extensive and we have been afforded assistance in Ireland for our HQ and co-branding options on our wallets e.g. Coke

Long term Outlook
•   The emergence of solar and wind farms to generate inexpensive crypto-currencies and the de-commissioning of carbon emitting mining devices.
•   Further R&D into mining ASIC chips to build out our own green mining product portfolio and coin.
•   Through Amnesty international and NPO’s - to enable the great unbanked/unrecognised aliens and the disadvantaged through mining, payments and exchange.
•   Diamond Circle emerges as a financial services company providing a range of personal, business and commercial crypto offerings.  The provision of financial related transactions bill payment, payroll, loans, insurance and superannuation (401K), in crypto e.g. ‘First Crypto Global Services’ et al.


For further information contact
Stephen Rowlison
Chief Executive Officer and Founder
emailto:srowlison@diamondcircle.net
http://www.linkedin.com/in/steverowlison
Telephone: +61 (0)400 82 66 69.
Skype: steve.rowlison.

For regulatory and compliance details contact Michael Oswald
emailto:moswald@diamondcircle.net.
http://www.linkedin.com/in/michaeloswaldalliancelinked
telephone: +61 (0) 437 79 87 91.

Online Details:



Disclaimer: While every best effort will be made to ensure the profitability of this business opportunity; management, directors, associates and affiliates cannot be held responsible for powers outside of our control. Obtain our Newsletter: /FrrfL]http://[Suspicious link removed]/FrrfL
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