[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)

[Plazma]

I bet this IPO didnt even sell more then 5/10% of the total shares.
The rest were just bought by himself/friends bait and scam investors.

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[iCEBREAKER]

I am not sure, but I think it's because he signed an NDA.

That's right - he signed a NDA with the SEC.

SEC?  Is that the ruthlessly staid, fiercely boring Swedish Exchange Commission?   

Oh noez, they are going to ride their flying reindeer to the Caribbean and swoop down on on DigiMex!  Then leave them a polite, friendly letter.   

Quick everybody, sell me your shares cheap!     

[limbaugh]

The whale wanted exactly the number of shares needed to clean the plate, and happened to do it at the last minute. What an amazing coincidence.

Yep, and sold at a discount to ensure a nice profit when they dump on the poor saps that pay .0015.

[Transisto]

Disclaimer, I'm a share holder.

IMO, Having a few large investors is always a good thing in the sense that those are willing to go to greater length, spend lot more and can sometime provide the missing expertise to make sure things get done.

Hashfast initial prices are public, do your own maths. With the price drop of bitcoin IceDrill's share equivalent is now much better, with hosting included !

Hashrate/$ is about 1/4 that of BFL @ ~1/10 the power consumption. (These devices will be mining cost effectively for much longer)

On top of that IceDrill/HashFast will be saving a lot of money by not having to deal with shipping and customer service.

I've researched the track record of ever actor involved and I have a hard time seeing how this could fail.

[crumbs]

I am not sure, but I think it's because he signed an NDA.

That's right - he signed a NDA with the SEC.

SEC?  Is that the ruthlessly staid, fiercely boring Swedish Scandinavian Exchange Commission?    

Oh noez, they are going to ride their flying reindeer to the Caribbean and swoop down on on DigiMex!  Then leave them a polite, friendly letter.  

Quick everybody, sell me your shares cheap!    

FTFY

[Stuartuk]

I bet this IPO didnt even sell more then 5/10% of the total shares.
The rest were just bought by himself/friends bait and scam investors.

If that is true, (he has come on here and denied this saying they were 'sold to investors') then he is committing fraud. That's not my view it is fact because he would be lying and then proceeding to offer more shares for sale based on that lie.

I think it can be easy for someone to get over excited and carried away by this whole new btc mining market and the potential of it. But he needs to remember that this is real money he is taking off people, the authorities see it as real money and so you need to be aware of the legalities of what you are doing. If enough shareholder complain to the SEC there will be investigations, this is all on record, everything is traceable and in the end prosecutors will decide if things need to proceed and justice will prevail.

I just think people need a shot of perspective and to realise they need to be acting in good faith and honestly at all times. That doesn't seem to be the case here, and you can only get away with that for so long before you get a knock at the door.

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I bet this IPO didnt even sell more then 5/10% of the total shares.
The rest were just bought by himself/friends bait and scam investors.

If that is true, (he has come on here and denied this saying they were 'sold to investors') then he is committing fraud. ...

Fraud shmaud, this is Bitcoin!  Libertatem et avaritiam aut mori!!1!

[iCEBREAKER]

It is funny to me 2/3rds of this thing was bought by private investors... 10,000 coins given by people who crunched the numbers and decided the worst deal was the best deal.

I'm pretty sure its funnier that this outcome was predicted after the first private investor was announced

The whale wanted exactly the number of shares needed to clean the plate, and happened to do it at the last minute. What an amazing coincidence.

I told you so.

You didn't listen.

Nobody to blame but yourself.

Go cry into a pillow and spare us professionals your incessant whining.   

[Stuartuk]

are going to ride their flying reindeer to the Caribbean and swoop down on on DigiMex!  Then leave them a polite, friendly letter.   

I will refer you to this:

http://europa.eu/legislation_summaries/justice_freedom_security/judicial_cooperation_in_criminal_matters/jl0053_en.htm

and this:

http://www.sec.gov/spotlight/insidertrading.shtml

and would suggest that while this cluster-feck might not come under the classification of pure 'insider trading' it clearly falls within the remit of the SEC and if US citizens complain to them...well all I can say is that when the US indictes and requests rendition of a EU citizen more often than not that request is fulfilled in a timely manner.

[zumzero]

I have been biting my tongue for the last few days and trying not to post on this thread, but I can't resist the temptation anymore.

Seriously folks,  at best this is a badly conceived buisness which is designed to line the pockets of the faceless few, or it is an out and out scam.  Buyer beware!

The person currently panic selling their shares below 0.0015 has the most sense and it isn't going to take that long for the rest of you to catch up with the reality of what is unfolding here.

[Transisto]

lol,  Look like some of you will be skipping on good opportunity ...

Too greedy to stand that someone might be making a few % more than you ? Good luck in life.

[VolanicEruptor]

lol,  Look like some of you will be skipping on good opportunity ...

Too greedy to stand that someone might be making a few hundred % more than you ? Good luck in life.

/fixed

[zumzero]

Could someone please explain the quantities of shares that have been purchased?  Why have millions of shares simply vanished?  Firstly 2 million disappeared, then 6 million, than another 1 million.  At this point there were just over 6 million to be sold and now...?  It's bloody hillarious.  Does this not send warnings signals to anyone?

Here's my new IPO;


1   Buy 300 million shares from me.
2   Those that are not sold will vanish.
3   Don't worry those of you who have invested in me because we will simply scale the business.
4   cya

[moribana]

Disclaimer, I'm a share holder.

IMO, Having a few large investors is always a good thing in the sense that those are willing to go to greater length, spend lot more and can sometime provide the missing expertise to make sure things get done.

Having large investors is fine. Breaking even those rules that one has set up himself is not fine.

[iCEBREAKER]

lol,  Look like some of you will be skipping on good opportunity ...

Too greedy to stand that someone might be making a few % more than you ? Good luck in life.

"lol" is right.  The ACTM Cultists' pride has been deeply wounded.  

The more embarrassed they get, the more shrill become their threats, cries, and impotent protestations.

It's so hilarious that their dumb money fervently but mistakenly thinks itself hot and smart.  

That's exactly why dumb money is dumb.  

DT and I gave them every opportunity to follow our lead.

And yet, they still blew their chance to get early IPO shares cheap.

Such is the price of their jealousy, stubborn pride, boorish behavior, and general buffoonery.

lol.

[zumzero]

Says the man who is currently selling 50,000 shares at 0.00149999 so he can make a massive 5btc profit from the second round IPO.

With loyalty like that, who needs an articulate poet, of sorts?

[Gyom]

Lots of people seem to be bitching about the fact that some bulk buyers got a discount on the price of the shares.

My question is, did you guys even take the time to read what was offered? Maybe you missed this line from the IPO document?

The issuer has the right to change the price and/or amount of any scheduled batches of shares.

So what's the fuss all about?

[zumzero]

The fuss is all about people getting ripped off.  While that is unpalatable, it is simply the truth here.  No fud.

[moribana]

Lots of people seem to be bitching about the fact that some bulk buyers got a discount on the price of the shares.

My question is, did you guys even take the time to read what was offered? Maybe you missed this line from the IPO document?

The issuer has the right to change the price and/or amount of any scheduled batches of shares.

So what's the fuss all about?

The fuss is about this:

"The first batch is a initial sale of 14,500,000 (14.5 million) shares, which will be sold on BitFunder for 0.0014 BTC per share."

The price could have been changed but according to the announcement the shares were to be sold on BitFunder. And this did not happen.

[N_S]

Lots of people seem to be bitching about the fact that some bulk buyers got a discount on the price of the shares.

My question is, did you guys even take the time to read what was offered? Maybe you missed this line from the IPO document?

The issuer has the right to change the price and/or amount of any scheduled batches of shares.

So what's the fuss all about?

The fuss is about this:

"The first batch is a initial sale of 14,500,000 (14.5 million) shares, which will be sold on BitFunder for 0.0014 BTC per share."

The price could have been changed but according to the announcement the shares were to be sold on BitFunder. And this did not happen.

As far as I can tell - done and done. What transpired is in direct contention with what was promised.

I'd certainly no longer be holding shares...