[HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread

[runam0k]

The price is crashing, . Down from almost 0.0006 to 0.0004 so far.

Too few shares traded to really call it a "crash".  The price rocketed up and some excited IPOers and early buyers cashed in some of their shares (but not very many).

.00043 (the last trade) is almost 2.4 x IPO, so still very successful and the trading seems to have settled down for now.

[rwfreshmore]

You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.

Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..

Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)

If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.

I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.

Are the owners/operators of CasinoBitco in this thread?

[ranlo]

You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.

Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..

Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)

If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.

I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.

Are the owners/operators of CasinoBitco in this thread?

That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.

[rwfreshmore]

You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.

Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..

Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)

If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.

I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.

Are the owners/operators of CasinoBitco in this thread?

That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.

10% of the current actual float? Or the projected offerings?

[ranlo]

You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.

Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..

Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)

If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.

I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.

Are the owners/operators of CasinoBitco in this thread?

That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.

10% of the current actual float? Or the projected offerings?

Current actual float (3 million * last sale price = current valuation on Havelock). There are 30 million shares total though.

[Korbman]

Korbman SHUT UP... Don't ruin this for the rest of us who take the same advantage you do but don't have to brag about it.

 

[casinobitcoin]

Annoucement:

MLB 1st 5 Innings ML and spreads are now live!

Check them out here:
https://www.casinobitco.in/secure/bet-sports/mlb-first5

[bitrich]

I truly think this company will do very well. Bitcoin gambling has been blowing up and I have been paying attention. I don't believe 2M is overly valued at all. In fact I think its undervalued. The top Bitcoin dice sites have done very well. With a casino and sports books going into football season I expect great things. This site is well put together and the management seems very professional and top notch. Consider the source always when you see someone posting FUD. These are the same people that very likely missed IPO price and would like nothing more than to see people sell early and drive the price back down to where they have a second chance to get in cheap. Some people will take profits early and we will see fluctuations but I believe the ones who hold will reap the best profits. Don't let yourself be mis-led by the haters. Some thought the IPO was overpriced and would crash immediately so decided not to buy and now their upset and want to prove that everyone's an idiot except them. They are basically begging to get in and want you to give away your shares. My opinion is you will regret it later if you sell your shares early. This is a well put together company and I expect it to do very well. You won't get my shares. Justy opinion

[KingOfSports]

You could do a full portfolio check of me and you would not see anything related to casinbitco.in now or ever. Yes bitcoin gambling IS booming. However, casinobitco.in is not the top sportsbook and with current lines they never will be. You can say all you want that gambling is huge cause I agree with that. However casinobitco.in will never be a multi million company when there are better lines, more options and such available. They have simply followed all of the bigger books' moves, not doing anything much different. Bitbook offers 1st 5 innings lines, two days later they offer it, cmon. If they are to become bigger they need to focus on something that IS NOT offered yet, OR reduce their juice to -105/-105.

[klee]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

[ranlo]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

[klee]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

My concern is on their thoughts of selling the company. I would like some more clarification on this - that is the reason I never bought (though I doubt I would have make it - Havelock should seriously reconsider the way these IPOs are done, I mean I was only lucky in the Dealcoin IPO to fill my bid wtf).

[ranlo]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

My concern is on their thoughts of selling the company. I would like some more clarification on this - that is the reason I never bought (though I doubt I would have make it - Havelock should seriously reconsider the way these IPOs are done, I mean I was only lucky in the Dealcoin IPO to fill my bid wtf).

If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.

[klee]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

My concern is on their thoughts of selling the company. I would like some more clarification on this - that is the reason I never bought (though I doubt I would have make it - Havelock should seriously reconsider the way these IPOs are done, I mean I was only lucky in the Dealcoin IPO to fill my bid wtf).

If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.

Well I speculated that if they are willing to sell the company this would be in the first 30days period and when the price would go as high as x5, high enough to attract a buyer but not very much to discourage him.

It seems I was wrong (but maybe they were gotten by surprise too)!

EDIT: So I did not think it would more than double like early Labcoin but more like Dealcoin. That said it would be worth to invest only large amounts which I did not want because of the at least 3 more unit sells...

[ranlo]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

My concern is on their thoughts of selling the company. I would like some more clarification on this - that is the reason I never bought (though I doubt I would have make it - Havelock should seriously reconsider the way these IPOs are done, I mean I was only lucky in the Dealcoin IPO to fill my bid wtf).

If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.

Well I speculated that if they are willing to sell the company this would be in the first 30days period and when the price would go as high as x5, high enough to attract a buyer but not very much to discourage him.

It seems I was wrong (but maybe they were gotten by surprise too)!

Ahh, you mean like wait until peak price and sell asap (like the "pump'n'dump" coins do)?

I think these guys are in it for the long-run.

[klee]

Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?

Maybe I understood wrong though.

If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.

My concern is on their thoughts of selling the company. I would like some more clarification on this - that is the reason I never bought (though I doubt I would have make it - Havelock should seriously reconsider the way these IPOs are done, I mean I was only lucky in the Dealcoin IPO to fill my bid wtf).

If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.

Well I speculated that if they are willing to sell the company this would be in the first 30days period and when the price would go as high as x5, high enough to attract a buyer but not very much to discourage him.

It seems I was wrong (but maybe they were gotten by surprise too)!

Ahh, you mean like wait until peak price and sell asap (like the "pump'n'dump" coins do)?

I think these guys are in it for the long-run.

They seem so but maybe with a good offer...

[klee]

This language is in prospectus if there is a buyback or sell - appears to be on equal ground of how Satoshi Dice was sold.

CasinoBitco.in reserves the right to buyback outstanding units of CBTC on Havelock Investments with a 30 day notice, with the price being determined by the higher of the 30-day weighted average price or the current market asking price of CBTC at the time of the official announcement of the buyback.

If CasinoBitco.in is sold or acquired by any party, unit holders will be compensated based on the selling price on a per unit basis. Documentation must be provided if the sale results in a lower valuation than what is currently calculable on Havelock Investments based on the 30-day weighted average price of BCTC at the time of the official announcement of the sale.
 
In the advent of a forced termination of operations due to legal considerations, the bitcoin assets of the company are to be immediately dispersed to the unit holders on a per unit basis. The remaining assets of the company are to be liquidated and dispersed to the unit holders on a per unit basis. Trading of CBTC will be halted at the time of the official announcement of a forced termination of operations.

That was the term I was not sure if it is good or bad so I did not risk (because as I said before I would had invested a big amount).

Lesson learned, 1btc in every IPO 

[MonkeyBear68]

Based on current average weekly earnings of around 10 BTC (that is being generous), the fact that only 75% is paid back as dividends, the fact that there are 30,000,000 shares, and taking into consideration the current market price, this means a annual dividend of 3.25%. If the Market price drops back to a reasonable level, or if weekly earnings quadruple so that the dividend is around 10 to 15%, then I might buy some more shares.

The Market price got so high that I could not resist immediately selling and getting 3 years profit all at once. 

[bitrich]

You could do a full portfolio check of me and you would not see anything related to casinbitco.in now or ever. Yes bitcoin gambling IS booming. However, casinobitco.in is not the top sportsbook and with current lines they never will be. You can say all you want that gambling is huge cause I agree with that. However casinobitco.in will never be a multi million company when there are better lines, more options and such available. They have simply followed all of the bigger books' moves, not doing anything much different. Bitbook offers 1st 5 innings lines, two days later they offer it, cmon. If they are to become bigger they need to focus on something that IS NOT offered yet, OR reduce their juice to -105/-105.

Well who said they weren't going to constantly work to improve the site and offer better lines? Part of the reason of the IPO was to increase the bankroll and I'm sure once the volume comes in they will be able to compete with other sites and I'm sure they will. I respect that you are a well experienced gambler and I'm sure CBTC will listen to their users and shareholders opinions and suggestions wherever possible to better their site. Why would you assume these things are set in stone? They stated that they are working to add more features and games and I'm sure they will develop well. Let's not forget the share price reflects potential and shareholder sentiment as well. And these are bitcoin denominated companies and investments in a year we very well could have several multi-million dollar gambling sites. I respect your opinion and appreciate your input, but I don't think it's right to call people "stupid" or question whether they are real "investors" just because you like bitbook better and you don't see the value. Maybe youd rather see bitbook succeed? IDk but I would hate to see this thread turn into anything like the Labcoin thread or others. State your opinion if you are so concerned about how others invest their money and thats fine, but keep on an on and you look like you have an agenda, because why would someone with no interest in this company be so concerned? I'm sure you realize how it looks. Either way good luck to you with bitbook and I hope all the investor here with casinobitco.in see the returns I expect to see soon

[kmtan]

too late for in?