To whom it may concern,
After review with our general counsel we have decided that the only viable method as a company
is to perform a share buy-back.
What did the contract with BitVPS shareholder say about buyback, was it mentioned in it and how should the price be calculated.
To this end we plan to carry out the buy back in a timed fashion. This
means we will place a constraint on eligibility of inclusion. For
clarification purposes this has been set at five (5) business days from
the public release of this letter. If, after five (5) business days, we
have received no response your shares will enter forfeiture and be
returned to BitVPS.
This cannot however you look at it be legal, to steal shares from those that check there mail less than once a week.
How do you define business days by the way, mo-fr 5 days a week as business days or all 7 days in a week as business day ?
How is the public release date/time defined was/is it the day/time you posted it somewhere, on your homepage maby or will you post it here on bitcointalk, i dont see in that the mail that you send out that it was dated with day and time.
So what time & day was/is the release time and what time and day is the latest you want shareholders to answer if they accept your offer ?
To sufficiently prove ownership of the associated shares & email
address we will require you to respond from the associated email and
also provide a signed message with the address receiving dividends from
BitVPS.
Have bitVPS been paying out dividend after BTCTs closure ?
Witch address did you pay to and what amount per share and what date & time was these payouts made for the months that has been after the closure so people know what address you want them to sign messages from, is it the public address most people entered at btct ?
Signed message "BitVPS Investor" should be provided with the
aforementioned address.
Is that(BitVPS Investor) the exact text that should be in the the signed message ?
Example of successful notification for repayment
1. Shareholder confirms the following:
a. That they’ve been receiving dividend payouts
b. Bitcoin address used for payouts
c. signature with associated Bitcoin address
d. E-mail address associated with the provided Bitcoin address
2. Shareholder is paid $0.025 USD for each share of BitVPS in their
possession via Bitcoin. To further provide an offer of a fair rate of
exchange we will use coinbase.com 24 hour average at the time of
payback.
1 a You need to inform shareholders when and how much per share that was payed out as dividend after btct's closure so they can see if you have been paying out the dividend and if the correct amount has been payed out as it can be hard to see what payouts have come from btvps when some people might have had shares in a lot of company's that has been paying out dividend after the closure.
Buy Back Calculations
To ensure this was calculated fairly we used a formula based on profit &
loss over the last 2 months. This ensured an average of recent turnover
to obtain a suitable price. Once this was obtained we performed an
upward rounding to the nearest three (3) decimal places.
To this end we have calculated the price to be $0.025/share. This
was derived from taking the average of the final dividends paid for the
last 2 public statements of BitVPS, and multiplying it by 12, for 12
months. Then finally dividing it by one (1) million for the shares and
rounding to the nearest third (3) decimal place.
If you have any questions or issues, please do not hesitate to
contact us as soon as possible.
Who came to the conclusion that the last 2 public statements dividend should be the base for the buyback price, where is those statements published and for what months are they and how has the statements that you haven't published after those looked like and how is the future profit for the company expected to look like, are the last 2 monthly statements representative to BitVPS past and future expected profits.
Is BitVPS only expected to earn 12 times the avg monthly profit of those 2 months for the entire future ?
Is it regulated in the contract with the shareholders that only 12 times the monthly profit for an arbitrary chosen period should be used for calculating the base for buyout price, that sounds very strange then ?
Can you please publish all months statements from the time bitVPS started selling shares to the public up until the last one for mars 2014 so people can have a closer look at how the offer is related to past performance.
0.025usd per share sounds extremely low compared to what the share was traded at, a more reasonable buyback price would be something like the estimated profit per share for the next 10 years or something.
What was the avg sellprice of the BitVPS stock in BTC and USD when they were issued ?
Hello everyone,
We would like to apologize for the lack of communication that we have maintained with our investors over the last few weeks. There have been some big developments going on internally. We will email all investors before the end of March with some big news relating to shares and the future of BitVPS.
Sincerely,
BitVPS
It looks like you forgot to tell shareholders what the big development that has been going on internally was, did you strike a great deal with some big company or something ?
