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

[frito]

Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

Since *every* stock on Havelock is trading below IPO, including this one...

Ummm, bitcoin is worth more now so maybe the price has accounted for the deflation.  The question is if owning the stock will return more bitcoin than you invested.

look at the projection Cryptx published here

[frito]

Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

Since *every* stock on Havelock is trading below IPO, including this one...

Ummm, bitcoin is worth more now so maybe the price has accounted for the deflation.  The question is if owning the stock will return more bitcoin than you invested.

what deflation?

stocks are priced in BTC
dividends are paid in BTC
think about it

[frito]

Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

go for it.
it used to ipo for .065 and under worse return expectation than now(before 1GH/s now 2.4GH/s)

[crumbs]

Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

Since *every* stock on Havelock is trading below IPO, including this one...

Ummm, bitcoin is worth more now so maybe the price has accounted for the deflation.  The question is if owning the stock will return more bitcoin than you invested.

That is the question.  The answer, at least as far as any stock on Havelock is concerned, is a resounding "Don't be absurd.  Every stock on Havelock has either tanked or bled out.
No exceptions.
This one has already sunk below IPO."

So regardless of whether bitcoin has appreciated or depreciated, you will have less of it by "investing" than you would by keeping it in your wallet.

[frito]

Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

Since *every* stock on Havelock is trading below IPO, including this one...

Ummm, bitcoin is worth more now so maybe the price has accounted for the deflation.  The question is if owning the stock will return more bitcoin than you invested.

That is the question.  The answer, at least as far as any stock on Havelock is concerned, is a resounding "Don't be absurd.  Every stock on Havelock has either tanked or bled out.
No exceptions.
This one has already sunk below IPO."

So regardless of whether bitcoin has appreciated or depreciated, you will have less of it by "investing" than you would by keeping it in your wallet.

the stock should make a net profit of  0.094BTC/share (considering the value of the stock will be priced at 0 in a year) in a year

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Trying to decide if I should buy more on Havelock... It's trading now. Any advice??

Since *every* stock on Havelock is trading below IPO, including this one...

Ummm, bitcoin is worth more now so maybe the price has accounted for the deflation.  The question is if owning the stock will return more bitcoin than you invested.

That is the question.  The answer, at least as far as any stock on Havelock is concerned, is a resounding "Don't be absurd.  Every stock on Havelock has either tanked or bled out.
No exceptions.
This one has already sunk below IPO."

So regardless of whether bitcoin has appreciated or depreciated, you will have less of it by "investing" than you would by keeping it in your wallet.

the stock should make a net profit of  0.094BTC/share (considering the value of the stock will be priced at 0 in a year) in a year

This stock whatever it is has paid no dividends as of now, and the price has already dropped by 20%. 
Amazing company.

[JstnPwll]

Wait, this abomination has been on 3 exchanges already?
BTC-TC, Cryptostocks, now Havelock.
And it's still in IPO phase?

And the remaning shares are sold at 0.05 (with many already selling under it), while I can see the last price on BTC-TC was 0.41? WTF.

Please someone tell me I'm mistaken
edit: first page states IPO started at 0.065. Was there a split? In any case, another sore loss for early investors.

BTC-TC closed, so it was necessary to move. Then, investors preferred Havelock over Cryptostocks, so it moved again.

Unless I'm mistaken, IPO phase closes today?

The original 10,000 shares were split into 100,000 shares. We all received 10x the shares we had before, which means we still have the same percentage of total shares...how is this a loss?

[JstnPwll]

Given that it is the early investors who are selling their shares for less than they originally paid, it's not like they were tricked into selling for less. If they want to take the loss, that's up to them.

[ujka]

Right, btc-tc, then cryptostocks, and now havelock.
Yes, there was a split - 1:10, when moved to cryptostocks.
On havelock, CryptX tried to sell remaining shares with new IPO, at the price of 0.05 (0.065 minus allready paid dividend of 0.015 per share).

I dont see it as a loss (yet) - so far we received 23% in dividends, and the mine isnt even operating yet.

[ujka]

how is this a loss?

How 0.065 to 0.045 isn't?

Only if you plan to sell shares before the mine even starts mining.
Im counting on divs, 23% already paid back.

[ujka]

Given that it is the early investors who are selling their shares for less than they originally paid, it's not like they were tricked into selling for less. If they want to take the loss, that's up to them.

I dont think they are selling at a loss now - many bougth cheep shares on btc-tc panic sale on closing. I got few :-)

[crumbs]

Right, btc-tc, then cryptostocks, and now havelock.
Yes, there was a split - 1:10, when moved to cryptostocks.
On havelock, CryptX tried to sell remaining shares with new IPO, at the price of 0.05 (0.065 minus allready paid dividend of 0.015 per share).

I dont see it as a loss (yet) - so far we received 23% in dividends, and the mine isnt even operating yet.

I do.  You're trading below IPO, and, on the off-chance the price ever climbs to IPO, there's a lulzy wall 30688/30688   ฿0.05000000   ฿1534.4000
How is it you don't see a loss?

[ujka]

The IPO still isn't finished, I wager; they just opened trading to everyone.

The ipo is finished.

[ujka]

Right, btc-tc, then cryptostocks, and now havelock.
Yes, there was a split - 1:10, when moved to cryptostocks.
On havelock, CryptX tried to sell remaining shares with new IPO, at the price of 0.05 (0.065 minus allready paid dividend of 0.015 per share).

I dont see it as a loss (yet) - so far we received 23% in dividends, and the mine isnt even operating yet.

I do.  You're trading below IPO, and, on the off-chance the price ever climbs to IPO, there's a lulzy wall 30688/30688   ฿0.05000000   ฿1534.4000
How is it you don't see a loss?

Im not trading. Im not looking to profit by selling shares. We get divs from mining, at the end (mine not profitable any more), shares will be worth 0.0!

That "wall" at 0.05 are remaining shares not sold yet. For each that share sold, CryptX has to install additional hashing power.

[JstnPwll]

Yeah, I guess you could call it a "loss" if you sell it before the mining starts at a price lower than your purchase price. But why would you..?

[crumbs]

Yeah, I guess you could call it a "loss" if you sell it before the mining starts at a price lower than your purchase price. But why would you..?

To buy at a lower price?

[crumbs]

To buy MORE at a lower price :-)

Plenty below 30688 @ 0.05   BTW, not following this -- how did you get 23% in dividends if the mine isn't operational yet?

[ujka]

It was operational for two months five weeks (when on cryptostocks), with bitfury hardware (around 15Th/s). 1000 btc paid in divs. Then we sold all the boards to buy cointerra and bitmine (28nm) hardware (december and january batch). And hoping for early delivery.

[crumbs]

It was operational for two months (when on cryptostocks), with bitfury hardware (around 15Th/s). Then we sold all the boards to buy cointerra and bitmine (28nm) hardware (december and january batch). And hoping for early delivery.

Coolness.  Did the (sale + mining) > (original price + overheads)?
Hope you guys get lucky with the delivery dates.

[Anotheranonlol]

Wait, this abomination has been on 3 exchanges already?
BTC-TC, Cryptostocks, now Havelock.
And it's still in IPO phase?

And the remaning shares are sold at 0.05 (with many already selling under it), while I can see the last price on BTC-TC was 0.41? WTF.

Please someone tell me I'm mistaken
edit: first page states IPO started at 0.065. Was there a split? In any case, another sore loss for early investors.

 there was a 10:1 split at 0.65 but originally 100k shares planned, with price increase every 2k this is first batch of 10k meaning only sold ~6,900 out if 100,000 and price has lowered instead of increase

Right, btc-tc, then cryptostocks, and now havelock.
Yes, there was a split - 1:10, when moved to cryptostocks.
On havelock, CryptX tried to sell remaining shares with new IPO, at the price of 0.05 (0.065 minus allready paid dividend of 0.015 per share).

I dont see it as a loss (yet) - so far we received 23% in dividends, and the mine isnt even operating yet.

I do.  You're trading below IPO, and, on the off-chance the price ever climbs to IPO, there's a lulzy wall 30688/30688   ฿0.05000000   ฿1534.4000
How is it you don't see a loss?

if you are thinking at share price only it can be a loss, but it's more of a loss to whoever is selling so early before any mining (assuming they did not buy at low price when there was a couple of opportunities). issuer has put up delayed IPO sell wall ensuring any investor who wants to offload their shares must do for less than 0.05. 23% divs have been paid meaning nobody is at a 'loss' from buying at 0.065 but they kind of wasted their time investing so far. how could anybody be sure cryptx won't offload them at 0.04 or 0.03 in next months?

initially there was a guarantee to pay back 0.65 with in hand, proven bitfury hardware (not vaporware products) this went out the window on shareholder vote to fund increase in hashrate, although since bitfury hw would never pay back 0.065 not much that can be said, 1-2.4gh per share is the better option so nobody complains.. early shareholders got biggest bunch of divs withhold from hw sales, which has funded the GH/s increase for next buyers but again since this was listed as cryptx private contribution from own pocket & outside of scope of real mine deployment nobody can say anything. technically nothing has started and everyone is at 0 regardless of when you invested

really only reason you would invest is looking at the revenue forecast and assuming you'll generate more btc than you put in, if everything on track certainly indicates this will be the case, but it's not reality. historically investing in bitcoin securities on havelock is easiest way to turn lots of btc into little btc, we can see if it's true for petamine