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

[Puppet]

Just wondering how Bitcoin is being treated in the US.  Is Bitcoin considered to be currency or legal tender in the US now?

No. But fun fact: in the context of my post, that doesnt matter at all. You cant sell unregistered securities for crates of banana's either, even though thats not considered currency. The key wording in the definition of a security, is that it can be traded for anything of value. Crates of banana's have value, and so do bitcoins.

The term ‘‘sale’’ or ‘‘sell’’ shall include every contract of
sale or disposition of a security or interest in a security, for
value.
https://www.sec.gov/about/laws/sa33.pdf

[pedrog]

[
G. PROHIBITED ACTIVITIES, CIVIL LIABILITY AND ENFORCEMENT

Civil liability for any person found responsible for the loss or damage caused by the use of fraudulent or deceitful devices....

I have no opinion on the above, since I didnt follow it closely, and Im not sure what happened regarding the insider trading allegation (not that it would surprise me one bit),
But.. nice job spotting the mouse while missing the elephant in the room.

To the best of my knowledge, this entire IPO of an unregistered security by a company that is not an authorized investment firm in Belgium or anywhere else, is completely illegal in Belgium, the EU and the US (and probably just about anywhere else). There is a reason all the other exchanges were closed, there is reason gigavps and many others had to remove their public offerings. Moving to another exchange in some fiscal paradise changes nothing about the core of the problem: these unregistered securities are being offered publicly (very publicly, press release and all) to unsophisticated investors in whatever country cryptx shareholders live in, which is everywhere. The location of the exchange doesnt matter at all. Cryptx is simply not allowed to raise capital this way in these markets.

Now I should also add I am convinced (perhaps naively) that Bert has honorable intentions, I dont believe he intends to scam and run off with the bitcoins. His approach seems fairly professional, so Im left wondering, Bert, WTH are you doing? . If you are somehow convinced what you are doing is legal, contact the fsma asap and get their approval. Not that it will do you any good with the US SEC or in any other country, but since you are located in Belgium, at least it would be a start. Im willing to bet however, you will be closed down the moment the FSMA finds out what you are doing, so instead of committing hara kiri, talk to some expert lawyers to help you dig a legal way out of this mess.

LOL

[Puppet]

Heya pedro! How are your labcoin shares doing?

[pedrog]

Heya pedro! How are your labcoin shares doing?

There's an entire section for securities in this forum, you better start your own thread or you'll have to post in a lot, a lot of topics...

[Puppet]

IM not interested in posting in all the scam threads. Lets be clear, the one running the legal risk in this case is the issuer. Investors are pretty well protected, even if they buy illegal securities. Im going by the assumption cryptx is sincere, but making a big mistake that could cost him dearly.

[Anonymousg64]

IM not interested in posting in all the scam threads. Lets be clear, the one running the legal risk in this case is the issuer. Investors are pretty well protected, even if they buy illegal securities. Im going by the assumption cryptx is sincere, but making a big mistake that could cost him dearly.

hey, stop trying to take PETA or havelock down
im pretty content with having the ability to invest without needing to be accredited or having a minimum yearly income
its people's choice to take risk

[NotLambchop]

...
its people's choice to take risk

Sure, til your investings [predictably] turn to shit, broke you gets on the dole, and who foots the bill for those government subsidies to the needy and unfortunate?
Thaaat's right, NotLambchop, that's who.
Muh taxes pay for your intrepid investingz

[Puppet]

its people's choice to take risk

Its not against any law to buy these things. It is however, illegal to sell them in this way. I dont care if you think running ponzi's and all kinds of financial scams should not be prohibited, the reality is that it is prohibited.

[madxista]

its people's choice to take risk

Its not against any law to buy these things. It is however, illegal to sell them in this way. I dont care if you think running ponzi's and all kinds of financial scams should not be prohibited, the reality is that it is prohibited.

Should we call internet police?

[Puppet]

I dont give a hoot who you call but for cryptx sake, I hope he calls a competent lawyer. You might get away with this if you live in banana republic, but you're not gonna get away with it in the EU or US.  BTW, Ive been around the block. Ive been stating this ever since the first major bitcoin IPO happened (gigamining on glbse), and ive been ridiculed by people like you every step of the way. "bitcoin isnt money", "bitcoin isnt regulated", "bitcoin is anonymous", 'its all just virtual", blah blah. Of course I also turned out to be correct, and people who thought they could anonymously invest/gamble in unregistered securities because "bitcoin", they lost fortunes, their anonymity and more often than not, both.

GigaVPS turned it around after consulting with lawyers, but before catching regulatory heat. Cryptx may be able to do the same, just be aware of what the consequences of that will be to you.

[madxista]

If only you came to warn us few months ago. 
Great timing btw!

Considering there are lot of threads on this forum your work isn't finished. There are thousands of people investing in unregulated high risk securities and they need your help. (apparently all of them don't know what they are doing)

Puppet man to the rescue!

I dont give a hoot who you call but for cryptx sake, I hope he calls a competent lawyer. You might get away with this if you live in banana republic, but you're not gonna get away with it in the EU or US.  BTW, Ive been around the block. Ive been stating this ever since the first major bitcoin IPO happened (gigamining on glbse), and ive been ridiculed by people like you every step of the way. "bitcoin isnt money", "bitcoin isnt regulated", "bitcoin is anonymous", 'its all just virtual", blah blah. Of course I also turned out to be correct, and people who thought they could anonymously invest/gamble in unregistered securities because "bitcoin", they lost fortunes, their anonymity and more often than not, both.

GigaVPS turned it around after consulting with lawyers, but before catching regulatory heat. Cryptx may be able to do the same, just be aware of what the consequences of that will be to you.

[cesmak]

Ipo ended, so there are 77492 shares, and 1220TH/s, so if the hash rate remains at this level we have 15.7436GH/s for every share, a little more than 15GH/s promised, good ! 

[Anonymousg64]

the only way investors will loose here is if they actually get convinced by puppet that havelock or its securities could get shutdown.

What cryptx is doing is not illegal, not while he isnt doing it, instead its havelock doing the biddings.
To cryptx's country, he just has lots of crypto currency, some coming from havelock
nothing illegal in that.

[_biO_]

Spread FUD -> get cheap shares -> watch price rise when dividends resume (higher than ever)

[_biO_]

Ipo ended, so there are 77492 shares, and 1220TH/s, so if the hash rate remains at this level we have 15.7436GH/s for every share, a little more than 15GH/s promised, good ! 

Can we get that confirmed by cryptx?

[madxista]

Jesus!  You have a job to do and you are still here chatting. How can we take investment advice from someone with such poor work ethics? You need to stop undermining yourself.

I'm sure multiple personality disorder is helping you with keeping presence in other threads but we need you to give 110%

Stop wasting time here where your warning is already received.

I'm not going to answer to your messages anymore because I don't want to be responsible for faiths of people who could be saved by your wisdom.

...
Considering there are lot of threads on this forum your work isn't finished. There are thousands of people investing in unregulated high risk securities and they need your help. (apparently all of them don't know what they are doing)
...

~95% of these unregulated securities have lost money for investors--through theft, exchange closures, theft and exchange closures, honest incompetence, honest incompetence and exchange closures... the reasons are irrelevant.  Therefore, I'd hazard a guess that ~95% of said investors could have used some help, no?

There's a small chance that said intrepid investors and finance aficionados intended to lose money, (perhaps to get back at Teh Man [see: Daddy Issues] or some humiliation/sub/SnM fetish, don't know, don't judge), but, unless these fora are breeding grounds of social deviance, I'd say we're still close to 90%.

But you're not one of those 95%.
No.
You're different.
Happy investin'

[cesmak]

Ipo ended, so there are 77492 shares, and 1220TH/s, so if the hash rate remains at this level we have 15.7436GH/s for every share, a little more than 15GH/s promised, good ! 

Can we get that confirmed by cryptx?

Oh yes, this is a calculation i made by myself, no official cryptx statement..... (just to be clear...)

[Puppet]

What cryptx is doing is not illegal, not while he isnt doing it, instead its havelock doing the biddings.

Nope. Its cryptx that is issuing the shares, thats promoting their sale, and receiving the proceeds. That they are being traded by a company registered elsewhere is irrelevant, you are not allowed to promote or sell financial instruments or ponzi's in EU/US markets that trade on a (fictitious) Nigerian stock exchange either. Not even ones that trade on the NYSE unless you have the appropriate licenses (and depending on what license, those securities in questions should also be registered in the country where they are being offered).

NB, havelock itself is breaking plenty regulations too, but at least I dont expect EU/US authorities to do much about that beyond issuing a warning to investors. Cryptx, being a Belgian company, thats quite a different story.

[Anotheranonlol]

...
Considering there are lot of threads on this forum your work isn't finished. There are thousands of people investing in unregulated high risk securities and they need your help. (apparently all of them don't know what they are doing)
...

~95% of these unregulated securities have lost money for investors--through theft, exchange closures, theft and exchange closures, honest incompetence, honest incompetence and exchange closures... the reasons are irrelevant.  Therefore, I'd hazard a guess that ~95% of said investors could have used some help, no?

There's a small chance that said intrepid investors and finance aficionados intended to lose money, (perhaps to get back at Teh Man [see: Daddy Issues] or some humiliation/sub/SnM fetish, don't know, don't judge), but, unless these fora are breeding grounds of social deviance, I'd say we're still close to 90%.

But you're not one of those 95%.
No.
You're different.
Happy investin'

None of what you said is wrong, but it's a bit of a broken record by this point. you've said your piece. Nobody can claim they weren't warned if they do indeed lose their shirts. You can come back and quote it smugly by all means at that point. Until then most are doing nicely here.

We already got a smattering of negativity recently, following which some investors have fleed, after making a miscalculation to ride the scryptx wave then  to the somewhat safer waters of ASICMINER for the earth shattering dividends.. a 70% yield, a rise to 3.5btc/share in some former peta stockholders projections.

On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit.

Should be a very prosperous week

yeah...
just added insult to injury. probably nursing a particularly brutal hangover this morning

[Anonymousg64]

What cryptx is doing is not illegal, not while he isnt doing it, instead its havelock doing the biddings.

Nope. Its cryptx that is issuing the shares, thats promoting their sale, and receiving the proceeds. That they are being traded by a company registered elsewhere is irrelevant, you are not allowed to promote or sell financial instruments or ponzi's in EU/US markets that trade on a (fictitious) Nigerian stock exchange either. Not even ones that trade on the NYSE unless you have the appropriate licenses (and depending on what license, those securities in questions should also be registered in the country where they are being offered).

NB, havelock itself is breaking plenty regulations too, but at least I dont expect EU/US authorities to do much about that beyond issuing a warning to investors. Cryptx, being a Belgian company, thats quite a different story.

havelock does the issuance, technically there is no stock, its all virtual
so are colored coins and bitcoins illegal too now?
pirating is illegal also, doesnt stop me

laws dont apply to the transfer of information
inter-bitcoin transfers are a safehaven