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Author Topic: [BTCT.CO] ESECURITYSABTC  (Read 6556 times)
neotrix
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December 05, 2012, 02:47:41 PM
 #1

The bond is running since 1 weeks already but I didnt had time to open the thread for it. 10 shares has been sold already.

https://btct.co/security/ESECURITYSABTC

Please find below the contract :

This contract is a copy of the LTC Esecurity SA funds available in LTC market
since 2 months.

Introduction: This contract explains the Esecurity SA BTC Fund. The capital of
this fund will be invested to buy 10 servers at 2500 usd each (25 000 usd total)
Those servers will be pluged to our network (koddos.com) and will be rented to
our customers. 2500 shares will be issued according BTC/USD market price
representing 10 usd each. The monthly average price we do rent our servers is
450 usd. 30% of the server USD income will be converted in BTC to pay dividend
to shareholders. Dividend will be paid out monthly at the first day of each month.

Company presentation:

Esecurity SA, is a Belize registered company since 3 years.

Koddos.com is a division of Esecurity SA. Koddos is a premium hosting service
that specializes in high end hosting. It utilize the latest technologies and
high end hardware to provide an environment where your webpages will be served
at the fastest possible speed while providing security against DDOS and other
kind of attacks. High DDOS protecton, and proxy ip are available a affordable price.

We also offer Offshore Hosting for special business.

Esecurity SA is owning for 400 000 usd of hardware around( Routers, Box DDOS
protection, servers... Company have 2 shareholders and 5 full and half time workers.


Price of share : 2500 shares will be issued at total with the goal to obtain 10
usd per share on BTC/USD exchange market. Price of shares will also follow the
BTC/USD market price.


Dividends Terms: 30% of the severs income in USD will be distribued monthly. 70%
are held by the issuer for maintenance, bandwitch cost, company cost and some
profits. The average price we rent one server is 450 usd. We do rent our servers
from 400 usd to 5000 usd monthly as DDOS protection have multi level an price.
Dividend will forward the income. Server are guaranteed for 5 years.

Example : We rent each server 450 usd monthly. The issuer will take 135 usd to
convert it in btc for payment of dividends.
Example 2 : The second month one customer is DDOS attacked and upgrade his
protection. He pay now 1000 usd monthly, 300 usd will be also converted for
dividend.

Profitability Risk: Issuer can not give any profit guarantee as it is impossible
to predict the future BTC price. However the usd profit is guaranteed. As the
USD profits are converted in BTC, the profit will increase if BTC prise decrease
and will decrease if BTC price increase.. The profit depend mainly of BTC price.
Additionnaly as quoted previously, the profit rate will depend either of the
price our customer rent the server monthly.

Closing of the Operation: Issuer reserves the right to stop the operation of the
fund for the following reasons:

1) Issuer can stop the operation due to its becoming unprofitable for the company.
2) Issuer can stop the operation due to illness or other severe health or life
problems
3) Issuer can stop the operation if the company close.
4) Issuer can decide to close the fund for any other reasons than quoted previously.

The the 1-3 reason, the issuer can close the Fund at anytime. For the reason 4,
the issuer can close the fund only after 1 year of operation.

Liquidation of the Fund: When liquidation happens , 25 000 usd ( initial amount
USD invested by shareholders in the fund) will be converted to BTC by the issuer
and reversed to shareholders in order to close the fund refunding the initial
amount of USD invested by shareholders when the fund has been open.


I finally decided to issue the dividend weekly instead of monthly.

First dividend has been issued Sunday 2st december 2012 :     0.01160281 BTC per share
First extra dividend fro extra convertion rate has been issued today : 0.004 BTC per share


Let me know if you have any further questions

https://btct.co/security/ESECURITYSABTC

Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
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neotrix
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December 05, 2012, 05:31:42 PM
 #2

Dear shareholders

Extra bonus issued after the sale of some new shares.
0.12 BTC issued as extra bonus dividend.

0.00923077 BTC per share

Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
creativex
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December 05, 2012, 06:48:51 PM
 #3

Extra bonus is good! ...most good! Grin

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December 06, 2012, 12:28:59 AM
 #4

Dividend failed! Cry

neotrix
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December 08, 2012, 08:21:14 PM
 #5

Dividend failed! Cry

Re- issued Wink + another 0.011111 btc per share

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
neotrix
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December 08, 2012, 08:22:23 PM
 #6

    

Dear shareholders

Please find below the detail of this weekly dividend:

250 shares = 1 server
69 shares sold = 27.6% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
27.6% of 31.11 usd = 8.58536 usd
Weekly dividend for this week is 8.58536 usd

Convertion rate BTC/USD 12.15
8.58536 = 0.70661399 BTC

Server dividend for this week : 0.70661399 BTC
+ 0.45 BTC obtained from extra convertion rate
Total dividend for this week : 1.15661399btc

Dividend per share = 0.01676252 btc

Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
bitcoinbear
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December 09, 2012, 07:38:09 PM
 #7

Do you let customers pay in btc? I checked out the website, and I didn't see it listed in the payment options.

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
neotrix
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December 09, 2012, 07:55:13 PM
 #8

Do you let customers pay in btc? I checked out the website, and I didn't see it listed in the payment options.

We are actually looking to integrate it in the best way. Anyway we already accept payment in btc or even ltc. Logo will be added as soon we integrated this way to pay in our system.

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
neotrix
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December 17, 2012, 06:07:19 AM
 #9

Please find below the detail for the weekly dividend:

250 shares = 1 server
91 shares sold = 36.4% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
3.6% of 31.11 usd = 11.32404 usd
Weekly dividend for this week is 11.32404 usd

Convertion rate BTC/USD 13.20
11.32404= 0.85788181 BTC
I'm adding  0.15 btc from extra convertion.

Total dividend for this week : 1.00788181btc
Dividend per share = 0.011075624 btc

Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
bitcoinbear
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December 17, 2012, 01:09:49 PM
 #10

Just wondering, what exactly do you mean by "extra conversion"?

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Deprived
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December 17, 2012, 04:58:36 PM
 #11

Just wondering, what exactly do you mean by "extra conversion"?

He tends to sell shares slightly above the actual BTC price they'd need to be to raise exactly $10 (makes sense - as it protects against small exchange-rate changes while offline).  Extra conversion is what he says he has left over after selling the BTC and taking out the $10 per share.
neotrix
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December 20, 2012, 08:26:44 PM
 #12

Just wondering, what exactly do you mean by "extra conversion"?

He tends to sell shares slightly above the actual BTC price they'd need to be to raise exactly $10 (makes sense - as it protects against small exchange-rate changes while offline).  Extra conversion is what he says he has left over after selling the BTC and taking out the $10 per share.

It's exactly that, thanks Deprived. Ipo isn't really made on USD, 10 usd per share, as quoted in contract. BTC have a variable price and also extra convertion dividend are extra sitting after I got 10 usd per share ( I trade on BTC-E for infos, as its the only one able to pay me in fast time)
I could keep those extra convertion as its seem I choose often the right moment to sell btc to usd but I like to respect the contract quoting I can get 10 usd per share, so all extra sitting are reversed as extra convertion. Anyway the reply is done and you are welcome if you have any others question  Smiley.

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
neotrix
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December 23, 2012, 10:16:14 AM
 #13

Please find below the detail of the weekly dividend:

250 shares = 1 server
198 shares sold = 79.2% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
79.2% of 31.11 usd = 24.63912 usd
Weekly dividend for this week is 24.63912 usd

Convertion rate BTC/USD 13.1
24.63912= 1.880848 BTC
I'm adding  0.3 btc from extra convertion.

Total dividend for this week : 2.180848btc
Dividend per share = 0.011014383 btc


Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
neotrix
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January 06, 2013, 10:33:29 AM
 #14

Dear shareholders

Please find below the detail:

250 shares = 1 server
359 shares sold = 1 server + 43.6% of 1 server
monthly dividend is 135 usd / 4.34 (average number of week in one month) = 31.11 usd
Weekly dividend of one server is also 31.11 usd
31.11 usd + 43.6% of 31.11= 44.67396 usd
Weekly dividend for this week is 44.67396 usd

Convertion rate BTC/USD 13.1
33.97212= 2.583431 BTC
.

Total dividend for this week :  3.41022595 btc
Dividend per share = 0.00949924 btc

Regards, Neotrix

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
001sonkit
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January 10, 2013, 05:32:01 PM
 #15

Seeing the Bitcoin price went up to 14 BTC. Reminded me that every share of ESECURITYSABTC is summing up in USD which means that the price of it should be like only 0.71 btc each now. Strange to see nothing move. BTW, neotrix could you sell some out. Since the shares are far low from the issue limit of 2500. Guys would be interested to invest at a lower price and it wont affect your business since each share still got its 10usd in your Usd summed financial sheet

GEMINI ACCOUNT REVIEW - Source of Funds Request
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January 10, 2013, 08:57:11 PM
 #16

About 1.4% dividend per week?

Wouldn't that make an annual ROI of 72.8%?

Why the hell would somebody pay so much for a loan to buy servers? What about banks?

It seems too good to be true and while the company as such apparently exists since 2009 and seems to be involved in those bonds, common sense tells me that it's too much return for a legit investment.

Anybody can give more input?
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January 10, 2013, 09:22:11 PM
 #17

About 1.4% dividend per week?

Wouldn't that make an annual ROI of 72.8%?

Why the hell would somebody pay so much for a loan to buy servers? What about banks?

It seems too good to be true and while the company as such apparently exists since 2009 and seems to be involved in those bonds, common sense tells me that it's too much return for a legit investment.

Anybody can give more input?
You are not the only one who has doubts about this bond.
Why do you think they haven't sold all shares yet? Koddos is a well-known hoster but paying ~73% for a loan looks quite unreasonable.
Nobody can prove that it is a ponzi scheme but I think everyone suspects it.

Same happened with pirate: Most people knew that it was a scam and hoped to leave the boat at the right time.

Quote
Seeing the Bitcoin price went up to 14 BTC. Reminded me that every share of ESECURITYSABTC is summing up in USD which means that the price of it should be like only 0.71 btc each now. Strange to see nothing move. BTW, neotrix could you sell some out. Since the shares are far low from the issue limit of 2500. Guys would be interested to invest at a lower price and it wont affect your business since each share still got its 10usd in your Usd summed financial sheet
neotrix always puts a conversion on the price.

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January 10, 2013, 09:31:52 PM
 #18

About 1.4% dividend per week?

Wouldn't that make an annual ROI of 72.8%?

Why the hell would somebody pay so much for a loan to buy servers? What about banks?

It seems too good to be true and while the company as such apparently exists since 2009 and seems to be involved in those bonds, common sense tells me that it's too much return for a legit investment.

Anybody can give more input?
You are not the only one who has doubts about this bond.
Why do you think they haven't sold all shares yet? Koddos is a well-known hoster but paying ~73% for a loan looks quite unreasonable.
Nobody can prove that it is a ponzi scheme but I think everyone suspects it.

Same happened with pirate: Most people knew that it was a scam and hoped to leave the boat at the right time.

So it's pull the one share out and back to the drawing board? What kind of investments would you recommend on btct.co? BTC-BOND looks a bit more solid... Mining bonds lose value and some like RSM seem to be worthless now due to other reasons.
Deprived
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January 10, 2013, 10:13:27 PM
 #19

About 1.4% dividend per week?

Wouldn't that make an annual ROI of 72.8%?

Why the hell would somebody pay so much for a loan to buy servers? What about banks?

It seems too good to be true and while the company as such apparently exists since 2009 and seems to be involved in those bonds, common sense tells me that it's too much return for a legit investment.

Anybody can give more input?
You are not the only one who has doubts about this bond.
Why do you think they haven't sold all shares yet? Koddos is a well-known hoster but paying ~73% for a loan looks quite unreasonable.
Nobody can prove that it is a ponzi scheme but I think everyone suspects it.

Same happened with pirate: Most people knew that it was a scam and hoped to leave the boat at the right time.

Quote
Seeing the Bitcoin price went up to 14 BTC. Reminded me that every share of ESECURITYSABTC is summing up in USD which means that the price of it should be like only 0.71 btc each now. Strange to see nothing move. BTW, neotrix could you sell some out. Since the shares are far low from the issue limit of 2500. Guys would be interested to invest at a lower price and it wont affect your business since each share still got its 10usd in your Usd summed financial sheet
neotrix always puts a conversion on the price.

Here's some more info on it from a while back (this relates to the LTC versions of the bond):

http://forum.litecoin.net/index.php/topic,915.0.html
Schadenfreude
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January 13, 2013, 09:45:22 AM
 #20

Neotrix, how do you justify paying about 70% per year interest on this loan? No matter how I look at it, you could get a loan elsewhere for cheaper than that.
The fact, that Koddos specializes in hosting and protecting HYIP makes me wonder if you somehow got inspired by your clients.

Again, what is your justification for paying so much interest?
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