[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit)

[hephaist0s]

Cryptx: I am very pleased with this deal you have landed us!

I do have one question. When will we see the December deployment? Do you expect for the dividends to begin December 6, the first Friday of December, January 3, the first Friday after the last day in December, or some other date?

I imagine that's entirely contingent on when the Cointerras start rolling off the line. There's nothing cryptx can do until then.

[cryptx]

Cryptx: I am very pleased with this deal you have landed us!

I do have one question. When will we see the December deployment? Do you expect for the dividends to begin December 6, the first Friday of December, January 3, the first Friday after the last day in December, or some other date?

Cointerra systems are from their very first batch, “December batch”. All depends on the delivery schedule of Cointerra.

Our contract with Bitmine has an estimated shipping date in the first week of January.

We tried to minimize the risk by dividing the hardware between 2 major players.

[cryptx]

Is there an error on the section, that shows overall dividends during 2013, 900BTC in both cases??

Good catch! We have corrected the numbers. Thx

[BongaManollo]

Cryptx, if the remaining 36,504 shares are being sold. Are you going to buy extra hardware from it?

[cryptx]

Cryptx, if the remaining 36,504 shares are being sold. Are you going to buy extra hardware from it?

We deploy an extra 2.4 GH/s for each extra share sold. In case we sell all 36,504 shares we will deploy an extra 87,610 GH/s.

[BongaManollo]

Cryptx, if the remaining 36,504 shares are being sold. Are you going to buy extra hardware from it?

We deploy an extra 2.4 GH/s for each extra share sold. In case we sell all 36,504 shares we will deploy an extra 87,610 GH/s.

Thank you for your fast reply

[Foebar]

only thing that bothers me, is that cointerra hardware should be starting to mine around mid december, now you just adjusted the general info and pushed it back to early january.

That's again 2 weeks extra without income

[cryptx]

only thing that bothers me, is that cointerra hardware should be starting to mine around mid december, now you just adjusted the general info and pushed it back to early january.

That's again 2 weeks extra without income

If we receive Cointerra systems mid December, we would of course start mining the moment we receive them. Both Cointerra and Bitmine still have to finish their chips / systems so we rather be conservative in delivery estimates. Note that hashrate protection / insurance still applies if deployment is later than mid January 2014.

[Foebar]

only thing that bothers me, is that cointerra hardware should be starting to mine around mid december, now you just adjusted the general info and pushed it back to early january.

That's again 2 weeks extra without income

If we receive Cointerra systems mid December, we would of course start mining the moment we receive them. Both Cointerra and Bitmine still have to finish their chips / systems so we rather be conservative in delivery estimates. Note that hashrate protection / insurance still applies if deployment is later than mid January 2014.

Ok , perfect, thanks for the update

[keemao]

Please guys....
Stop selling your shares... its better to let Petamine sell the remining shares than you selling them cheap...
You are stopping the growth of the Petamine..., and ultimately your own wallets growth...

[iCEBREAKER]

If we receive Cointerra systems mid December, we would of course start mining the moment we receive them.

And if my aunt had balls she'd be my uncle.

There is no way in Hell Cointerra's chips are going to be ready, much less shipping in assembled miners, by mid Dec.

Mid Jan is unlikely.  Mid Feb is realistic.

[cryptx]

UPDATE 04/12/2013:

We have applied for and have been granted a listing of PETA-MINE on Havelock. Before closing this agreement, we will issue a vote among shareholders for switching the PETA-MINE stock from Cryptostocks to Havelock Investments. The vote will start now and end on 6 December 23:59:59 UTC

The vote is also about these series of events:

• 09/12/2013 – 16/12/2013 trade stop on Cryptostocks
• 09/12/2013 – 16/12/2013 IPO of remaining 36,504 shares on Havelock
• 17/12/2013 – trading resumes on Havelock

Practical:

• The current shareholders have to transfer their shares to the CryptX account. This way we can make a list with the e-mail addresses of the shareholders and the amount of shares per shareholder. This transfer has to take place between 09/12/2013 and 16/12/2013.
• Every shareholder has to make an account with Havelock with the same e-mail address they used on Cryptostocks.
• All shares will be transferred to the new accounts on Havelock on 17/12/2013. After the transfer, trading will resume on Havelock.

Remarks:

• All shares sold at the IPO on Havelock will also be entitled to an initial 2.4 GH/s per share. For example if all 36,504 shares are sold at IPO an extra 87,610 GH/s will be deployed and the PETA-MINE will start with 240 TH/s instead of 150 TH/s.
• Shares at the IPO will be offered at 0.05 BTC/shares. This is the original IPO price minus all dividends per share already paid to current shareholders.

You can issue your vote on cryptostocks https://cryptostocks.com/securities/52

[keemao]

Why?

[Wayne_Chang]

It means I have to create an account on havelock.
Could you guys advice why?

[bulltrap]

• 09/12/2013 – 16/12/2013 trade stop on Cryptostocks
• 09/12/2013 – 16/12/2013 IPO of remaining 36,504 shares on Havelock
• 17/12/2013 – trading resumes on Havelock

This is a bad proposition for the shareholders. You want to freeze trading of the current shares in order to sell more shares yourself at 0.05btc/share. Current shareholders need to be allowed to trade from the beginning if PETAMINE is moved to Havelock.

[rolo]

My experience is only as an end user and I've found the Havelock site to be extremely slow and sometimes down, wheras I've had no probs with Cryptostocks.

I see lots of people dubious of Cryptostocks, but Havelock have a great rep, so I'm sure there must be more to this decision - could someone point me at why people don't trust Cryptostocks?

I went on the general positive forum sentiment about Bitfunder, and look how that turned out

[hephaist0s]

My experience is only as an end user and I've found the Havelock site to be extremely slow and sometimes down, wheras I've had no probs with Cryptostocks.

I see lots of people dubious of Cryptostocks, but Havelock have a great rep, so I'm sure there must be more to this decision - could someone point me at why people don't trust Cryptostocks?

I went on the general positive forum sentiment about Bitfunder, and look how that turned out

I believe the hope is that there is more trading volume on Havelock, and that may be good for share price. On Cryptostocks the share price just keeps dropping, even when Petamine was paying those great early dividends, and the spread between ask & bid is something like 15% right now with the bids at 50% initial IPO price (even though Petamine has actually performed) so we're effectively locked in unless we want to take a massive loss.
That said, I don't actually know for a fact how the user/volume numbers compare between Cryptostocks & Havelock. Does anyone have that data?

[hashforce]

My experience is only as an end user and I've found the Havelock site to be extremely slow and sometimes down, wheras I've had no probs with Cryptostocks.

I see lots of people dubious of Cryptostocks, but Havelock have a great rep, so I'm sure there must be more to this decision - could someone point me at why people don't trust Cryptostocks?

I went on the general positive forum sentiment about Bitfunder, and look how that turned out

I believe the hope is that there is more trading volume on Havelock, and that may be good for share price. On Cryptostocks the share price just keeps dropping, even when Petamine was paying those great early dividends, and the spread between ask & bid is something like 15% right now with the bids at 50% initial IPO price (even though Petamine has actually performed) so we're effectively locked in unless we want to take a massive loss.
That said, I don't actually know for a fact how the user/volume numbers compare between Cryptostocks & Havelock. Does anyone have that data?

7d Volume
Cryptostocks:  444 BTC
Havelock:      1436 BTC

[Foebar]

In my opinion, Cryptx is making a lot of changes without the consent of shareholders.

The vote is only for a move to Havelock Investment, it doesn't state the freeze of sales bij shareholders.
The approved hardware sale was not up to the order that was initialy approved by shareholders.

December date has been adapted to January without approval, and so on and so on.

If you look at the initial contract and the version that it is today, than you can only notice that the 2 couldn't be more different than now.

Al those changes could be impacting the sales of the stock, moving it to a new site wouldn't change that.

[cryptx]

I support decision to migrate to havelock, much needed move.

But I would just echo the sentiment of bulltrap though- all shares should at least be moved at once. repricing your original IPO shares is something you can do as per your terms and condition, even though it's a little pointless for anyone to have brought at 0.65 or higher and put early trust in the project, since they don't see any benefits, which is generally the point in investing early.. could be worse, it's rare to find a security which doesnt end in shareholders getting fucked in the ass these days

if only unsold IPO shares are offloaded at lower costs while freezing ability for existing shareholders to trade it's sound like a cash grab..since you've said hardware amounting for gh/s per sold share has already been paid for

We do have to halt trading, so people can transfer their shares to our account. This transfer has to be done because we do not have a shareholders list. With the transfer, we know the amount of shares per e-mail address attached to the account. The user has to make a new account with Havelock, so we can transfer the shares to his new account.

Trading will have to be halted anyway, so we use this time to do the IPO on Havelock.

Investors who bought shares on original IPO paid 0.065BTC or at that time about 6.5$/share. Shares at IPO will be offered at 0.05 BTC or about 50$/share. Current shareholders also received about 0.015 BTC / share in dividends.