10 days left of the fund raising period.
Is the 581.4 count still accurte?
It's now 582.6
Haha ok, so same general range. And the plan is still for you to fulfill the rest with your money assuming we can't get to 2k on our own?
Question on that - any reason your old investors aren't sticking around for the new model?
We will see what the current investors agree on. If they want to remain invested while I initially sell the smaller percent then I will also put my own funds in towards it and we will continue like that and I will list more shares for sale via the website.
If the current investors want to refund instead then I will remain just running the site as it is now.
There's a few reasons some of the old investors don't want to do this style of investing.
1) Most common is due to liquidity, they like that they could withdraw their Bitcoin at any time under the old model.
2) Tax purposes. The old model is basically gambling and some investors would not pay tax on earnings in certain jurisdictions.
3) Worry of investing and the total invested being way over target (this one obviously doesn't look to be happening now.
4) Bad timing. While ICONAMI etc got a lot raised ($10 million with no business plan or product while we have a proven profitable business and plan
) in September we are doing this at the end of year while Bitcoin price is increasing rapidly.
We probably would have had more success if we had announced the ICO well in advanced and had the original post as it is now on day one and also listing it nowhere near the holidays.
However even if we only raise 10% then we still have the ability to sell the remaining 20% at any other time.
