[BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon

[foxykah]

It got the 3 approved votes!! Quick, time to start placing bids!!  

not again

5 votes..this is starting to be really funny

[1713583776]

1713583776

[1713583776]

1713583776

[TheSwede75]

Best of luck with the IPO, this is shaping up to be 'quite the day' for BTCT.CO

[foxykah]

Any announcement regarding the beginning of share distribution?

[joele]

Congrats! you are now becoming a millionaire.

[burnside]

I am confused by one thing:

in BTCT the listed shares is Outstanding 0 / 2400000 Issued

but also it is said the initial offering is 4,000,000 shares of BTCGARDEN,which occupies 40% of BTCSEA CO.,Ltd`s market value.

how to understand this? anything wrong?

I have fixed the share counts.

Cheers.

[freedomno1]

Best of luck with the IPO, this is shaping up to be 'quite the day' for BTCT.CO

Pretty much what the Swede said congrats on your approval as well
(Posted here before it jumps to page 40 in one day ha-ha)

[auto2nr1]

When will this IPO be open on the market?

[mgio]

$16 million valuation seems a bit ridiculous when you are only at the tape out stage.

How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.

[julz]

$16 million valuation seems a bit ridiculous when you are only at the tape out stage.

How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.

It looks like the btcgarden IPO is struggling for bids compared to how quickly Labcoin filled.

Arguably that could be because most people have their money tied up in the excitement surrounding Labcoin, so it's a bad time for Btcgarden to open up for bids... or it could be as you suggest - they're trying to raise a bit too much capital for what they've got.  
They're trying to raise 32 000BTC (1st 2000 000 shares at 0.016)
But if they get it...  it's a nice warchest to help compete with Labcoin, ASICMINER, Bitfury etc

...Plus there's the share dilution thing, although I'm actually leaning towards this being a good idea. It could allow the company to be far more aggressive in expanding compared to competitors who don't have this as a fund-raising option.

[AM4Bitcoin]

The lack of interest ist caused by offering 2 mio @ 0,016 = 32.000 BTC. Most people just dont see the opportunity for the stock to rise much.

[VolanicEruptor]

Don't they make this mistake on Dragon's Den / Shark Tank all the time?  Over valuation? 
Like Kevin O Leary would say, "You're NUTS if you think I'm going to give you my money.  Go crawl back to the filth you came from!"... or something along those lines.

[canth]

Don't they make this mistake on Dragon's Den / Shark Tank all the time?  Over valuation? 
Like Kevin O Leary would say, "You're NUTS if you think I'm going to give you my money.  Go crawl back to the filth you came from!"... or something along those lines.

For those looking for a quick flip, yes - this investment isn't anywhere near as interesting as say the LabCoin IPO. With that said, perhaps a better question would be - is the initial investment of $700K for LabCoin enough for them to be able to compete effectively with ASICMiner for double digit percentage of the network hashrate?

I agree, I'm a bit dubious about the pricing but from a capital investment standpoint, BTCGarden may be in a better position to accumulate enough hardware to take on a more significant market share than LabCoin will.

[AM4Bitcoin]

If they really need this amount of money, then at least they should give the shareholders a detailed listing what they gonna purchase with that money.

[canth]

If they really need this amount of money, then at least they should give the shareholders a detailed listing what they gonna purchase with that money.

I agree. They could definitely expand upon this:

"A: we need money for our second batch of chips ,which equal to 300T more hashrate,since we need to order the wafers in very advance,it will be too late to pay for it if we use the bitcoins we can mine out on Sep."

And I'd like to see how much they think they'll need to invest in the 2nd generation hardware for NRE costs.

[Wsbltc]

where is aiwill? what are him doing now?

[slightboyme]

is it happening?

[Pale Phoenix]

They are releasing these shares TODAY?

Come on. LOL

[AngelSky]

big day

[joele]

No need to rush to buy btcgarden, its a 2 Million IPO shares @ 0.016, it will be forever. Actually you can buy this at lower price someday.

[freedomno1]

Shares are up it might take a while but it will be interesting