[Cryptostocks] Evolution Mining Investment Club - For a bigger future.

[pwnrman]

If I list as a group-fund there are some strange properties, like, you cannot transfer or swap shares.

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[Bitcoin Oz]

If I list as a group-fund there are some strange properties, like, you cannot transfer or swap shares.

Youre not allowed to call them shares or even offer dividends. I dont think people are gonna send you bitcoins unless you can.

You might look into an "investment club".

[drekk]

Good to see ppl start seeing lawyers. Next step would be to do it *before* you start any projects, but hey - learning is fun.

Youre not allowed to call them shares or even offer dividends. I dont think people are gonna send you bitcoins unless you can.
You might look into an "investment club".

IANAL, but I agree with bitcoin.me: Don't call it a company, IPO, shares, dividends etc. Read EskimoBob's post on using "big words" in the GLBSE thread. Stay safe on that side and make it look like a game. (Something to be recommended to CryptoStocks itself as well.)

People in the forum will still understand what you're trying to do.

[pwnrman]

Write off the entire bitcoin project as a religion. We could pool for the legal power to do that.

[pwnrman]

Everyone discussing legal, please redirect here.

https://bitcointalk.org/index.php?topic=117434.0

[pwnrman]

Club is re listed!. I will be mining for the preliminary shareholders on my single GPU. It won't be much, but you might as well get something for having your money tied up.

[pwnrman]

Club is re listed!. I will be mining for the preliminary shareholders on my single GPU. It won't be much, but you might as well get something for having your money tied up.

As promised, first prelim payout has been made! It's really not much, but something is better than nothing eh?

[almwaysa]

What I do not like is the 90-10% ratio.
it should be easier on the investors, even 50-50 is decent.
not everyone is willing to invest for a profit that might start AFTER 2 YEARS!

[pwnrman]

@almwaysa and everyone

Poll here: https://bitcointalk.org/index.php?topic=118915.0

[pwnrman]

Thanks to everyone for the feedback on the poll.

Unfortunately there will be no more GPU mining shares donated to the project.

[orcinus]

So what's the plan now?
Both legally and business-wise.

[pwnrman]

So what's the plan now?
Both legally and business-wise.

The plan is keeping static with the current until the conclusion of the vote next Saturday (November 10th) which will decide on a change in payout percentage. (perhaps a change to 20% payout)

As far as legality goes, we are in no direct violation of any laws, being we are a small investment club (under the threshold of needing special permits ~$25M USD for SEC)

[pwnrman]

Good thing we haven't committed and pre-ordered from BFL, boy are they dragging their feet!!!

Sorry for lack of dividends, waiting games aren't fun.

[FuzzyBear]

I have a few shares bought in EVO.... and wondering when you are going to make an order from BFL?? or what is your plan? I have made my preorder with them back in Sept... and expecting it maybe mid march... but current posts on their forum suggest that if u order now, u will get some time in April... my advice would be to make a preorder b4 they actually release as EVERYBODY will be placing an order once they have proven they can deliver and the charts for ROI is looking grim with the potential increase in Hashing power... worth getting in early... but this only my opinion

[pwnrman]

EVO is being closed due to lack of proper funding, a buyback offer has been placed. I'm sorry to all who were interested.

[pwnrman]

This is a bump on the closure of Evolution Mining. EVO is closed and the buyback order for all of the investors has been placed. Please sell your shares as soon as possible.