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1  Economy / Securities / Re: [HAVELOCK] PETAMINE 700 TH/s or 8.68 GH/s per share on: April 04, 2014, 09:33:50 AM
We are going to switch to Ghash.io because of the fast payouts and the merged mining of BTC, NMC, DVC and IXC.

Eligius suspended NMC payouts since 8th of March.

You can find our statistics here:

http://www.peta-mine.co/stats/



I hope this is a temporary measure until you have sufficient hashpower to form your own pool.
2  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: March 05, 2014, 09:05:34 AM
Yeah, that's essentially what will happen. I need to update the business plan just reflecting what happens in the case of default/bankruptcy/ect.

Granted the plan has been to look at liquidation of some/many properties 5-6 years from now once they've appreciated a good deal.

Can you briefly describe how the dissolution clause will look like in the contract, before the IPO is over? In essence, do you agree that the totality of net value should be distributed to the investors? Will you take a percentage cut or a management fee for the liquidation process, and will you consider distributing the profit margin and initial investment value separately? I'm personally not interested in exact numbers, but the general idea.

Sorry for emphasizing "the end", I actually think this has the potential to become a global enterprise.


I am considering to invest some more in this but I can't seem to find a liquidation clause in the documents provided.

I hope I'm not getting this right, but as it stands, if the company decides to close up shop, 70% of all the assets will go to the issuer.

Can you elaborate on this?


At the moment we don't have a clause, but we could add one that would state that say 70% of the asset proceeds go to dividend holder, or otherwise they get the bulk of the proceeds from liquidation.

why wouldn't 100% of the asset proceeds go to share holders?

If we liquidated the value say next month the value it would pay back to investors would be about 140% of current investment. To liquidate the properties it would take 3-6 months of work on my end (Or otherwise a liquidation firm is hired and paid 10%-20% of the gross capital, most of the time they only get 70% of ARV on properties, so that means investors would net around 50%-60% of total value).

The way we're structured allows for an orderly liquidation process that would pay back investors essentially all their investment and potentially more than that.

The reason for mentioning the 30% or so cut for myself would be payment for time/involvement of liquidation, which would almost guarantee more profit to investors than hiring a outside firm.

This was discussed on the previous page
3  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: March 04, 2014, 05:10:45 PM
I've been lurking on this thread for a while and decided to take the plunge on Havelock.

Is there a way I can verify myself to get access to the newsletter, google docs, et cetera?

Cheers

I now use the havelock list + old newsletter list for emails, so you'll get them on the next sends.

Great, thanks
4  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: March 04, 2014, 04:33:49 PM
I've been lurking on this thread for a while and decided to take the plunge on Havelock.

Is there a way I can verify myself to get access to the newsletter, google docs, et cetera?

Cheers
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