[IPO] Letsdice.com IPO Prospectus

[bittop100]

https://letsdice.com/?invite_info=103

[hy9499]

To check my luck, I placed a single bet on JD with 300BTC:

https://just-dice.com/roll/124870903

Since I won, I'll do another spread out:

1 BTC for 10 BTC investment on http://ipo.letsdice.com

from now on, 120 BTC available!

and in case you all didn't notice, I'm quoting Martin's new message here:

Update - September 13th - New Bankroll Info

1. About the Bankroll

a) The first 10,000 BTC bankroll belongs to the shareholders of the initial 20% of shares released.

b) These original IPO shares are specially noted and traceable (so we know who owns IPO shares)

c) Every time the bankroll increases by 10,000 BTC, we will send 2,000 BTC back to the shareholders who bought in at the IPO. So, when the bankroll reaches 20,000 BTC, a payment of 2,000 BTC will be spread among the original 1,000,000 shares.
i. Bankroll: 20,000-2,000=18,000
ii. Bankroll: 28,000-2,000=26,000
iii. Bankroll: 36,000-2,000=34,000
iv. Bankroll: 44,000-2,000=42,000
v. Bankroll: 52,000-2000=50,000

d) In this way, when the bankroll hits 50,000 BTC, the original shareholders will have recovered their investment, while still retaining their shares. The entire bankroll belongs to the shareholders.

e) The initial bankroll is planned to grow by [wagered amount x 1% x 25%] (although this will be decided in the initial board member meeting). Board members may decide in the early stages to increase this percentage to allow for faster bankroll growth.

f) If the bankroll drops below 5,000 BTC, we have the following plan (which we hope we will not have to ever use!)
i. We will sell the necessary number of shares at market price to bring the bankroll back up.
ii. The IPO shareholders will have first preference to buy these shares.
iii. This 5000 BTC bankroll is also the property of all shareholders, and will follow the aforementioned restitution plan (i.e., 2,000 BTC back to the original shareholders per 10k raised)

2. Regarding the Board of Directors
a) To become a board member, one must own at least 20,000 shares and hold them for more than 2 months.
b) Any given shareholder may only have one board seat, regardless of number of shares held.
c) The LetsDice team has only one board seat (although we retain a veto power)

I have invested 20 bitcoins yesterday, could you pls give me 2 bitcions feedback?

Sorry, you invested before this policy... However, to be fair, if you invest 20 more, I'll give you back 4. is that OK for you?

Sad, I have no more bitcoins...

I invested 15 B before this policy. Could you pls give me 1.5 B feedback?

[ninjaboon]

great site. Love the auto feature.

[gaba]

2000 BTC wiped out from bankroll!

[chenchunyu88]

why there is a force share buy-back?

[drawingthesun]

a) The first 10,000 BTC bankroll belongs to the shareholders of the initial 20% of shares released.

b) These original IPO shares are specially noted and traceable (so we know who owns IPO shares)

c) Every time the bankroll increases by 10,000 BTC, we will send 2,000 BTC back to the shareholders who bought in at the IPO. So, when the bankroll reaches 20,000 BTC, a payment of 2,000 BTC will be spread among the original 1,000,000 shares.
i. Bankroll: 20,000-2,000=18,000
ii. Bankroll: 28,000-2,000=26,000
iii. Bankroll: 36,000-2,000=34,000
iv. Bankroll: 44,000-2,000=42,000
v. Bankroll: 52,000-2000=50,000

d) In this way, when the bankroll hits 50,000 BTC, the original shareholders will have recovered their investment, while still retaining their shares. The entire bankroll belongs to the shareholders.

I see bankroll is around 5000 BTC. How did the site manage to lose half of its initial bankroll? Did shareholders ever get anything back?

why there is a force share buy-back?

What's going on? I'm curious.
Otherwise it's not surprising that this scam turned out to be a scam.

Of course it was a scam, Nakowa was behind the entire thing. An easy $5million to add to his stash.

EDIT: I actually have no idea, I think the missing 5,000 was already sent back to shareholders. Any shareholders want to tell us if your investment was fully returned?

[willphase]

a) The first 10,000 BTC bankroll belongs to the shareholders of the initial 20% of shares released.

b) These original IPO shares are specially noted and traceable (so we know who owns IPO shares)

c) Every time the bankroll increases by 10,000 BTC, we will send 2,000 BTC back to the shareholders who bought in at the IPO. So, when the bankroll reaches 20,000 BTC, a payment of 2,000 BTC will be spread among the original 1,000,000 shares.
i. Bankroll: 20,000-2,000=18,000
ii. Bankroll: 28,000-2,000=26,000
iii. Bankroll: 36,000-2,000=34,000
iv. Bankroll: 44,000-2,000=42,000
v. Bankroll: 52,000-2000=50,000

d) In this way, when the bankroll hits 50,000 BTC, the original shareholders will have recovered their investment, while still retaining their shares. The entire bankroll belongs to the shareholders.

I see bankroll is around 5000 BTC. How did the site manage to lose half of its initial bankroll? Did shareholders ever get anything back?

why there is a force share buy-back?

What's going on? I'm curious.
Otherwise it's not surprising that this scam turned out to be a scam.

Of course it was a scam, Nakowa was behind the entire thing. An easy $5million to add to his stash.

EDIT: I actually have no idea, I think the missing 5,000 was already sent back to shareholders. Any shareholders want to tell us if your investment was fully returned?

Martin did a buy back of 5000 BTC worth of shares at the start of November, because of a change in the profit distribution, then he has more recently bought back all the shares and will soon list LD on a stock exchange.

You can see the buy back by tracking the LD addresses 1LDBankfbBAqMBBX65xgxgKQqgeuR2DD6U and 1LDCoLDLdEYfoMJbms1RizK5JgjSyTdyr1

As far as I can tell, this is not a scam, it's just changing the investment model from IPO to being listed on an exchange.

Will

[chenchunyu88]

I received the 1BTC I invested. Maybe the business is more profitable than we think. So he buy back the shares. I am now wondering if old shareholders has priority in acquire those share in an exchange.

a) The first 10,000 BTC bankroll belongs to the shareholders of the initial 20% of shares released.

b) These original IPO shares are specially noted and traceable (so we know who owns IPO shares)

c) Every time the bankroll increases by 10,000 BTC, we will send 2,000 BTC back to the shareholders who bought in at the IPO. So, when the bankroll reaches 20,000 BTC, a payment of 2,000 BTC will be spread among the original 1,000,000 shares.
i. Bankroll: 20,000-2,000=18,000
ii. Bankroll: 28,000-2,000=26,000
iii. Bankroll: 36,000-2,000=34,000
iv. Bankroll: 44,000-2,000=42,000
v. Bankroll: 52,000-2000=50,000

d) In this way, when the bankroll hits 50,000 BTC, the original shareholders will have recovered their investment, while still retaining their shares. The entire bankroll belongs to the shareholders.

I see bankroll is around 5000 BTC. How did the site manage to lose half of its initial bankroll? Did shareholders ever get anything back?

why there is a force share buy-back?

What's going on? I'm curious.
Otherwise it's not surprising that this scam turned out to be a scam.

[joele]

R

a) The first 10,000 BTC bankroll belongs to the shareholders of the initial 20% of shares released.

b) These original IPO shares are specially noted and traceable (so we know who owns IPO shares)

c) Every time the bankroll increases by 10,000 BTC, we will send 2,000 BTC back to the shareholders who bought in at the IPO. So, when the bankroll reaches 20,000 BTC, a payment of 2,000 BTC will be spread among the original 1,000,000 shares.
i. Bankroll: 20,000-2,000=18,000
ii. Bankroll: 28,000-2,000=26,000
iii. Bankroll: 36,000-2,000=34,000
iv. Bankroll: 44,000-2,000=42,000
v. Bankroll: 52,000-2000=50,000

d) In this way, when the bankroll hits 50,000 BTC, the original shareholders will have recovered their investment, while still retaining their shares. The entire bankroll belongs to the shareholders.

I see bankroll is around 5000 BTC. How did the site manage to lose half of its initial bankroll? Did shareholders ever get anything back?

why there is a force share buy-back?

What's going on? I'm curious.
Otherwise it's not surprising that this scam turned out to be a scam.

Of course it was a scam, Nakowa was behind the entire thing. An easy $5million to add to his stash.

EDIT: I actually have no idea, I think the missing 5,000 was already sent back to shareholders. Any shareholders want to tell us if your investment was fully returned?

Yes, force share buy back, and I received mine.

https://blockchain.info/tx/614e72b875e57c8a08da19135d11c698d1c77cf6b264e7aff8b45de4b4a61824

Martin said LD will be listed on exchange, plus I read in the chinese chat that there is a new game developing.

[kmtan]

i get back my IPO BTC....actually, LD is doing pretty much for the website and game.

wish all the best to LD..

[Wsbltc]

I got my BTC back from LD too.

Best wish to LD.

[twentyseventy]

What return did you guys end up making on the investment, if you don't mind me asking?

[chenchunyu88]

0.35% from the start to now. Not too much yet. Maybe more when the site grows bigger. I cannot figure out why they just buy back the stocks.

What return did you guys end up making on the investment, if you don't mind me asking?

[p2poption]

they have created a new game.

[boumalo]

they have created a new game.

What game?

LD bought back the shares but the site disapeared, why? Could someone fill me in?