I have analyzed it and more importantly, I analyzed the business model. I also read the founder's thoughts behind the valuation and even though I'd buy only half of the BS at best, based on the business model it would seem only logical to IPO a minority of the stock at a high valuation because he is going to need to stay btc heavy in the beginning to buy up product until cash flow positive which would leave him with ample equity room to bring on engineering/logistics talent and VC involvement/guidance.  I also looked at Gazelle which I used maybe a year ago for an iPad and the margins on this type of business model are pretty nasty and the overhead can't be much more other than shipping costs. I also like the fact that it may get someone who hasn't owned btc before enough incentive to easily get their feet in the water. Real tangible products for bitcoin which btw could take off pretty nasty if MS opens up to China - staying in btc as a business will allow an edge against competition like Gazelle and others who may not be able to tap into other countries as easy although I admit I don't know what other countries if any at all Gazelle serves. If he tanks it to keep the btc then I will be the first to take it on the chin, but if it were me I feel I would have more to gain by trying to make it work...there is something potential here.

All good, I appreciate it and I know others do too - there's a bunch of scams out there. I like Havelock listed companies because they have a decent vet process it seems like. That doesn't mean it's even close to fail proof, but I feel comfortable enough to diversify some of my btc holdings and make some of my crypto work for me....at least I feel like I have a better chance than playing satoshi dice lol. It's all a gamble at the end of the day. I have my reservations, but I like the fact I too have found myself wanting to sell my old iphone 5 after I got the note 3 and I listed it on coingig and bitmit for btc and it was a shitty experience. I like knowing I can sell it immediately in a non-auction/instant offer process now...I think that has value. Whether or not he can execute is a whole other story and is going to be debatable until failure or success.

Admitted lurker here and I appreciate you looking out for the community, but I just think that you've gone overboard. It almost feels like yo're ranting to yourself. All I was saying is that I got the point and I think anyone else who reads through this thread gets it too - in fact I think you would be more effective if you were less dramatic about it - a witch hunt makes it look like you have an agenda or you look biased.

I'm not sure why you guys continue to blast this IPO offering. If you don't like it don't invest in it...it's that simple. You either have some sort of personal vendetta against the way he has presented the IPO or you're trolling.  Either way, it's exhausting to continue to read it...you have made your opinion of the offering very clear and it seems Mr. Puechavy has made it clear that there will be no changes to the offering since he continues to not address your questions. To be quite honest, your speculation about what he plans to do from this point on is just as speculative as buying shares in the company. I invested in MS, NeoBee and Seedcoin - not much but a few btc worth - enough to not sweat it if they fail although I wish them all the best and I like what they are doing. How do you even know Mr. Puechavy owns the remaining 80% and plans to fail it purposely? Have you bought shares in MS also and if so have you seen the beta site today?

I wish I had the time and entrepreneurial ability to come up with a bitcoin company myself, but mining is the only thing that I've managed to do thus far although I keep brainstorming. One of the main reasons your bitcoins only have value because of the infrastructure that companies like MS and others build or try to build. Why continue to bash them when you can simply not buy their shares...but a never ending rant is a waste of time to read through.

Thanks for the update and I hope you're genuine. Look forward to seeing the launch. Good luck!