Vircurex.com going public

[Kumala]

In case you guys are not reading the Market section: Vircurex.com is going public on https://cryptstocks.com

Details at https://cryptostocks.com/securities/34

Help support the multi alt-chain exchange by becoming a shareholder (for as little as 0.25BTC per share).

[bitcool]

Interested. But how can investors trust and verify this 30% stake?  

Most of the successful businesses in crypto coin world have real (physical) identities behind them, mtgox, bitpay, bitinstant...  

For businesses, anonymity is a big disadvantage, a sign of lacking responsibility.  It's not just vircurex, I see this as a serious problem in alt chain world.  Btc-e lost quite some credibility with this RUC thing, not very confidence inspiring.  

 

[Kumala]

Interested. But how can investors trust and verify this 30% stake?  

The public traded shares can be seen on Cryptostocks.com. To further enhance credibility, I will be moving the collected funds from the share sales to a fresh BTC address and publish it here. That will allow anyone to validate that the amounts have been in fact collected and then will be moved to the respective exchanges for conversion to USD.

Most of the successful businesses in crypto coin world have real (physical) identities behind them, mtgox, bitpay, bitinstant... 

And that is exactly what we are addressing here, one of the very first steps will be to incorporate Vircurex, just as the named examples.

[doublec]

Is Cryptostocks owned by Vircurex?

[Kumala]

No it is not owned by Vircurex. Are you suggesting that Cryptostocks should be listed too?

[doublec]

No it is not owned by Vircurex. Are you suggesting that Cryptostocks should be listed too?

At the bottom of the cryptostocks website it says:

Cryptostocks © Copyright 2012, All Rights Reserved.
A service of Vircurex

That's why I asked. The page for Vircurex didn't mention any relationship with cryptostocks which, if there was a relationship, might impact on interest in it.

[smoothie]

Seems a bit steep of a price of 0.25 per share. You have 10k shares on the first round and total shares = 45k. That is a lot of btc.

[bitcool]

Seems a bit steep of a price of 0.25 per share. You have 10k shares on the first round and total shares = 45k. That is a lot of btc.

45K is the entire 30% stake, or only a portion of the 30%?

How is vircurex market cap valued?

[smoothie]

Seems a bit steep of a price of 0.25 per share. You have 10k shares on the first round and total shares = 45k. That is a lot of btc.

45K is the entire 30% stake, or only a portion of the 30%?

How is vircurex market cap valued?

The contract explains that in the OP.

Not sure how it is valued. But in my opinion it is way over priced.

[bitcool]

Seems a bit steep of a price of 0.25 per share. You have 10k shares on the first round and total shares = 45k. That is a lot of btc.

45K is the entire 30% stake, or only a portion of the 30%?

How is vircurex market cap valued?

The contract explains that in the OP.

Not sure how it is valued. But in my opinion it is way over priced.

If I read this correctly, 45K shares is actually the 100% of the stake, 11.25K btc, roughly 220K usd, it's on the high side but not insanely high. 

[FuzzyBear]

Seems a bit steep of a price of 0.25 per share. You have 10k shares on the first round and total shares = 45k. That is a lot of btc.

45K is the entire 30% stake, or only a portion of the 30%?

How is vircurex market cap valued?

The contract explains that in the OP.

Not sure how it is valued. But in my opinion it is way over priced.

If I read this correctly, 45K shares is actually the 100% of the stake, 11.25K btc, roughly 220K usd, it's on the high side but not insanely high. 

Tis more than I have in my bank account so I won't be buying all the share... but would like a few.... just got to get some BTC now

[bitcool]

I see big potentials IF everything is done right.

Opportunity does exist in this space because some exchange(s) are limited by its background and political environment(IMO), and most BTC exchanges are too ignorant to deal with alt chain currencies ATM.

[Deprived]

Well let's do some basic math.

2k BTC (that's after the 1500 fee) converted into USD and sitting in a bank account.
10 BTC per month profit.
So if BTC rises vs USD by more than 0.5% per month the value of assets falls faster than profit can compensate for (and that's BEFORE the profts get split between all shares).

Guess it's an investment aimed at people who think BTC will fall vs USD in the medium term.

[bitcool]

Yes, 10btc/month profit is miserable. However IF everything done right, it can be THE goto alt-chain exchange.  Just IMO, currently there's a vacuum in the space of safe, reliable, trusted and legit alt chain marketplace.

Also, in the short history of bitcoin's existence, there has been very few investment can compete with btc hoarding, sans pirates and thieves.

[Kumala]

Help toi grow Vircurex by buying its shares on https://cryptostocks.com

The end of the IPO is end of February.

Details of the contract can be seen here:
https://cryptostocks.com/securities/34

[Kumala]

Bump.

One more week till end of IPO.  Still have quite a number of shares to be sold.   Support the Alt-Chains buy buying a share or two of Vircurex.

[FuzzyBear]

bump to support Vircurex and their great service come on people these guys were around long b4 ripple

[Walter Rothbard]

Bump.

One more week till end of IPO.  Still have quite a number of shares to be sold.   Support the Alt-Chains buy buying a share or two of Vircurex.

I've been reading about this, but I am a little confused.  If I'm reading correctly, 45,000 shares were initially issued with 13,500 offered for sale publicly.  Then later the issue was amended such that there are to be a total of 31,000 shares with 9,300 to be sold publicly.  But the cryptostocks platform still shows 45,000 total shares for VCX and a total of 15,000 publicly available (3180 currently held publicly and 11,820 still for sale from the original offer.)  Is there going to be an adjustment to the listing to make the listing match the announcement?

[Kumala]

I will make the final amendmend after the IPO deadline, based on the BTC price. Looks as if it is around 30 USD per BTC, thus the numbers are correct and I will be adjusting the numbers on the exchange accordingly because it is not possible to change the quantities of an existing placed order.

[Walter Rothbard]

Thanks for the clarification!