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

[oxfeeefeee]

one million sold! I'm convinced by myself and considering buying more...

[klee]

one million sold! I'm convinced by myself and considering buying more...

Watching since the beginning and bought shares too..

[Moebius327]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

[redbeans2012]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

From what I've seen I do not believe this has been addressed even though it's been asked.  Kind of a big deal

[wiak2]

There have been three purchases of exactly 50,000 shares in the past few hours.  I'm betting we hit two million today.

[blackswan]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

From what I've seen I do not believe this has been addressed even though it's been asked.  Kind of a big deal

+1

Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO).  Are those 6,000,000 shares already sold?  Or have they not released their IPO on their exchange?

[yuansuyi]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

From what I've seen I do not believe this has been addressed even though it's been asked.  Kind of a big deal

+1

Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO).  Are those 6,000,000 shares already sold?  Or have they not released their IPO on their exchange?

No, as far as I know, there is no IPO on BTCSEA.

[blackswan]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

From what I've seen I do not believe this has been addressed even though it's been asked.  Kind of a big deal

+1

Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO).  Are those 6,000,000 shares already sold?  Or have they not released their IPO on their exchange?

No, as far as I know, there is no IPO on BTCSEA.

The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which is not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years either.Public shareholders have no such a restriction.

[Moebius327]

Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?

From what I've seen I do not believe this has been addressed even though it's been asked.  Kind of a big deal

+1

Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO).  Are those 6,000,000 shares already sold?  Or have they not released their IPO on their exchange?

No, as far as I know, there is no IPO on BTCSEA.

The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which is not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years either.Public shareholders have no such a restriction.

There are only 2 000 000 shares listed. What about the 2nd wave of 2 000 000?

[penta]

is my math right and their IPO valuation is 160.000 BTC or, 16.000.000 $?
seems like alot.

[oxfeeefeee]

is my math right and their IPO valuation is 160.000 BTC or, 16.000.000 $?
seems like alot.

It is, it's about the same market cap as ActiveMining's, so it depends on which story you like more. (or less than 1/10 of AM)

[zy02264]

Thanks for so much +1

More updates from Btcman (http://bbs.btcman.com/forum.php?mod=viewthread&tid=3774&extra=page%3D1&page=20)

Someone asked Aiwill about second batch (he asked in Chinese, here is my translation): I suggest you to release the second batch after you really achieve something real.

Aiwill replied (again, in Chinese, here is my translation): You bet! Relax please! In addition, to our first batch buyers, we will do our best to benefit you. Please trust in us. The second batch will only be released after we got some "breakthrough". We haven't decided the details, but I am sure that the price will be higher than the first batch. That will make the second batch price as a "protection layer" for first batch buyers. We appreciate our initial batch buyers' trust. Please relax.

(Translation end)

Apparently, quite a few shareholders cannot read English while some other shareholders cannot read Chinese. So there are communication lags from one language to the other one.

Seriously, Aiwill, I suggest you to do your best to disclose any information relevant to BTC Garden in both language at minimum delay. English speaking shareholders are taking no less risk than Chinese speaking shareholders. Its not fair if information disclose put them at a disadvantage. Thanks!

[wiak2]

Someone asked Aiwill about second batch (he asked in Chinese, here is my translation): I suggest you to release the second batch after you really achieve something real.

Aiwill replied (again, in Chinese, here is my translation): You bet! Relax please! In addition, to our first batch buyers, we will do our best to benefit you. Please trust in us. The second batch will only be released after we got some "breakthrough". We haven't decided the details, but I am sure that the price will be higher than the first batch. That will make the second batch price as a "protection layer" for first batch buyers. We appreciate our initial batch buyers' trust. Please relax.

Good to hear!  Thanks for the update.

[oxfeeefeee]

It would certainly be worth it to hire someone fluent in Chinese and English.

I am pretty sure part of AM's success was friedcat's communication.

You mean the success of IPO? because after that it's only about dividends.

[damiano]

Just FYI

This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.

I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.

Good research

[superduh]

would be a HOT buy if they let people in an ALL btcsea enterprise - including the forum, exchange ETC

or are they doing that?

[oxfeeefeee]

would be a HOT buy if they let people in an ALL btcsea enterprise - including the forum, exchange ETC

or are they doing that?

No, it's just the profit of the mining business. i.e. you do't even get to vote.

[superduh]

would be a HOT buy if they let people in an ALL btcsea enterprise - including the forum, exchange ETC

or are they doing that?

No, it's just the profit of the mining business. i.e. you do't even get to vote.

NOT hot

unless ROI within a year this becomes risky

[BitAddict]

I'm in the boat! 

[boyohi]

I'm in the boat! 

I'm on a boat.