@Taras Lanovyk
Hi, thanks for this IPO, let me ask some questions:
1. "CBCM’s principals, Vitaly Pashkevych, MBA and Taras Lanovyk, boast extensive experience in IT, business development, and finance..."
- according to your LIn profile, you have experience in business dev&finance, so I guess V.Pashkevych has exp. in IT ? May you provide his LIn profile ? (did not find him among your firends on FcBook:)
All detailed information about Vitaly and other our team members will be at our website soon.
@Taras Lanovyk2.
"CBCM has reached a partnership agreements with Spondoolies-Tech to provide mining equipment. Also we booked enough space in datacenters, located in EU and USA."- you do not have partnership agreement, as has been stated many times in this thread. You have got confirmation letter from manufacturer to deliver SP10s if you pay for them with 1st round of IPO. Either we are professionals = exact or not
Everybody is doing his own business and I mean if we agreed about all sides of our entire and future cooperation that is partnership.
@Taras Lanovyk
3. "Dividends will consist of 70-50% of SHA-256 Mine net revenue for the period. Net revenue is defined as the total sum of Bitcoins mined, transaction fees received and net revenue from hardware sold, minus electricity, hosting, and mine maintenance costs."
- when (periodically) and where will voting take place (your website? Havelock ? do you have proper app in place to take care of this ? How will you authenticate each shareholder online for voting ? Is it ready - or just in planning phase (did not see any section on your web)?
- what will be the majority ? (2/3, 51pct ...)
Reinvestment rate will be changed by management. We do not plan to hold voting every week.
In case when market situation will require sharp changes shareholders voting will take place. We plan to use third paty services to hold voting.
Majority is 51%
@Taras Lanovyk
4. "Every period, CBCM will reserve for reinvestment purposes a percentage of earned Bitcoins equal to 30-50% of net revenue. These investments will allow CBCM to purchase and deploy additional hardware. Time of deployment for this additional hardware will be in the best interest of unit holders."
- will your shareholders be allowed to have a say in this ? or you just buy whatever&whenever you please ? Do you have some reinvesting plan for 12m period on hand to share with us ?
- same question goes for selling non profitable machines ? or you just sell shares not backed by miners = meaning I buy shares, but not part of physical miner - so I do not own it.
We have investment plan in our financial model (in Prospectus).
According to it up to 1 000 BTC will be reinvested in new equipment by 2015.
At the moment it would be incorrect to announce models and quantities of miners we will purchase in the future.
About selling non profitable mashines - we'll do it after they are ready to be replaced by more effective ones.
Anyway, all our activity with hashpower will be pre-announced.
@Taras Lanovyk
5. "We expect total monthly costs will not exceed $0.2 per 1 GHs during next 3 months, and will be lower after SP30 miners and other efficient equipment are deployed."
- Expect ? or Guarantee ? Lets be exact. Thanks.
Guarantee.
@Taras Lanovyk
6. You are using two words during your IPO documents - shares and units. Any difference ?
Couple general Qs.
- what investors structure are you planning for this fund ? (at least percentages XX% individual XX% small investment XX% institutional investment/groups)
- where will you plan to host ? - do you have at least 6/12 months partnership agreement in place supporting your projected hash rate increase per month ? Or do you plan to find hosters ad hoc ?
- whats your best case/worst case projections - provided that you included your most probable estimate in your Revenue forecast document ? Do you have some risk management in place, if yes, than please share briefly those two scenarios.
- At the moment all units are planed to be sold on open market at Havelock Investments exchange. Also we are in negotiations with individual investors. If any big name invest in our service we announce it (if such actions do not conflict with confidentiality agreements)
- At present we have agreement with cowboy to host up to 400 THs. Also I contacted several other DC and have offers. We'll book additional hosting space in advance if it is nessesarry.
- We had different working cases and beleive that our published projection is the most realistic.
@Taras Lanovyk
Calculation.
- you are selling 10GH at 0,042btc - at 640USD = 26,88USD per share.
- you are buying SP10s, which costs individuals around 2700USD at 1,4TH.
- total 140 shares per 1 SP10 = you are selling us one SP10 for 3700USD - that is about 1000USD more than from SPTech.
- First round is 5000 shares, so about 35xSP10s, that would make 35.000USD per round, 8x35.000USD = 280.000USD per all first 8 rounds (aka 2 months).
My question is this - will you plan to use that money for buying additional miners, or for other expenses, or profit ? Thanks.
That amount is to be used to cover all expences related to IPO process (exchange fees, maintenance, website development, wages etc.) and genegate some profit.
@Taras Lanovyk
Note to your Revenue forecast.
- if I take your forecast and we will agree on your assumptions (price of BTC/USD 640 + diff increase m/m 15) from June to end of Dec 2014 with 140 shares (aka 1 SP10) I might make around 2,2 BTC. Is it correct ? Or do I have it wrong ? Thanks.
Yes, you are right, you receive 2.2BTC as dividends and have 140 units that represent 2380 GH/s of hashing power (70% increase).
Taras
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