[BTC-TC] CryptX introduces the PETA-MINE - 18,000 CHIPS IN SEPTEMBER/UPDATE

[creativex]

THERE IS NO CLOSURE DATE

You deleted the closure date by shareholder vote. When I warned you before hand you called it FUD.

[1714984650]

1714984650

[1714984650]

1714984650

[1714984650]

1714984650

[1714984650]

1714984650

[dhenson]

THERE IS NO CLOSURE DATE

You deleted the closure date by shareholder vote. When I warned you before hand you called it FUD.

Shareholder Protection

After 27 September 2013, we won't issue new batches of 10,000 shares. The IPO will continue to run until the last issued batch of 10,000 shares is sold. For example if 6,000 shares are sold on 27 September, a maximum of 10,000 shares will be issued. For example if 15,000 shares are sold on 27 September, a maximum of 20,000 shares will be issued.

[dhenson]

I fully expect them to sell the remaining shares from the first block, after all they need the funds raised to pay for the cointerra equipment for December delivery.

I was referring to an announcement about not releasing any more blocks. Plus it would be nice to receive a status update on the first 20TH.

[nosbit]

Any news? BTC-TC closing date only one month ahead from now...

[creativex]

THERE IS NO CLOSURE DATE

You deleted the closure date by shareholder vote. When I warned you before hand you called it FUD.

Shareholder Protection

After 27 September 2013, we won't issue new batches of 10,000 shares. The IPO will continue to run until the last issued batch of 10,000 shares is sold. For example if 6,000 shares are sold on 27 September, a maximum of 10,000 shares will be issued. For example if 15,000 shares are sold on 27 September, a maximum of 20,000 shares will be issued.

That doesn't dictate any date certain for IPO closure. 53 days after listing there are only 2312 shares outstanding. At this rate the IPO could be moved to another exchange and continue for months...or years.

This is what was in the original contract:

Shareholder Protection

The IPO will prove successful with the sale of at least 30,000 shares. If fewer than 30,000 shares sell within 30 days, CryptX will refund the entire IPO to shareholders.

[cryptx]

Status update:

• No more blocks will be issued, we will sell the remaining shares of the first 10,000 share block.
• We are applying for a listing on Bitfunder.
• Boards are in production/assembly right now, a first batch will be deployed at the end of the week.

[canth]

Status update:

• No more blocks will be issued, we will sell the remaining shares of the first 10,000 share block.
• We are applying for a listing on Bitfunder.
• Boards are in production/assembly right now, a first batch will be deployed at the end of the week.

Thanks for the update.

[dvdrewritable]

I didn't see anything on FAQ, will you be offering board seats?

[JstnPwll]

• No more blocks will be issued, we will sell the remaining shares of the first 10,000 share block.
• We are applying for a listing on Bitfunder.
• Boards are in production/assembly right now, a first batch will be deployed at the end of the week.

How is the BitFunder progress? Is the first batch deployed and hashing?

[julz]

Do shareholders need to do anything regarding share-transfer?  Is it actually going over to bitfunder or will the share registry be manually handled for now?

[BitThink]

Boards are in production/assembly right now, a first batch will be deployed at the end of the week.

Seems to me like a broken promise. It seems giving out promise and then breaking it without any explaining and apologize becomes a norm in bitcoin world. Sigh. 

[ishkur]

Where are we with this?  We should be hashing now....

[keemao]

How and to where will share transfer go?

[cryptx]

Status Update

- We are still in the process of applying for a listing on Bitfunder (also looking at other alternatives like cryptostocks, picostocks, havelock).
- More info about deployment of first 20TH will follow later

We apologise for any delay in info as we are focussing on finishing assembly of boards and further deployment as fast as possible.
Comments on preferred exchanges are welcome. Our preference goes to Bitfunder, but application is taking a long time. We expect listing on cryptostocks won't take long but are not really familiar with the people behind it and if the platform is stable / trusted.

[runam0k]

BF no longer such a good option following the recent announcement.

[canth]

BF no longer such a good option following the recent announcement.

What announcement? Link?

[weaknesswaran]

Frontpage Bitfunder

tl;dr;
US citizens will be blocked

[canth]

Frontpage Bitfunder

tl;dr;
US citizens will be blocked

Gotcha -thx.

[dhenson]

Havelock is a Canadian exchange and operating legally within it's jurisdiction. However, if these exchanges are targeting US citizens they may run afoul of the SEC regardless.

I'd personally be comfortable with Havelock though I've not used cryptostocks.

edit... thanks for checking in with us cryptx, it's good to get updates even if they are uneventful.

[ishkur]

Havelock