Pandora's Bitcoin Junction (Shareholders wanted)

[PBJ]

I am going to head out now. I will get all your replies while I am out. This will be for a few hours. I may just take alittle while to respond.

Thank you.

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[-FaerO-]

Good morning everybody. I have replied to the PM's for the business plan.

Sorry for the short replies. Still yet to get my coffee. The meeting has been pushed back about an hour. So I have about 30 min to field questions.

I will have my phone on me. So I can access the forums and such on the road.

Thank you.

I did not receive a draft. probably missed my PM

[PBJ]

I am sorry I thought I sent you a link. Probably sent it to the wrong PM.  As soon as I'm home I will send it.

[PBJ]

Just sent you the link.

I am back now for questions. I may be a bit belayed in replying. Not much sleep and the drive was hot and blistering sun.

I will get to working on the second draft later tonight.

Thank you. 

[DiamondPlus]

This is a very disappointing response. If you are serious about floating your company then you must understand that right now, you have issued 45,000 shares, and sold 724 of them, meaning you own 44,776 shares. You could offer these for sale whenever you like for 0.0001 btc or 1 btc. No one knows unless you say. You are in complete control of the price, not the market.

So I ask again, how many of these shares are you going to sell and for what price? If you can't answer this simple question, you obviously don't know what you're doing when it comes to offering a business or investment opportunity.

As a potential shareholder, I would ask for a commitment that you don't lower the price below 0.109 for the unsold shares. Either that, or you commit to a smaller IPO sale (say 5,000 shares) at 0.109 and keep the rest in reserve. IMO, you should try to sell enough so that you can operate the business with an initial cash injection, and only issue more when you have a business case to increase the value of the company, for example to buy more equipment. By then, you should be able to demonstrate the ability to derive profit and so be able to issue the shares at a higher price preserving initial shareholder value. Even then, you should put it to a shareholder vote.

I don't want to sound to lecture-y, but this is what I expect as a shareholder. Good luck with your IPO and with your business.

-DiamondPlus

[PBJ]

DiamondPlus: I am not sure exactly which response you are responding to. I have stated before that I plan on selling 22050 shares. I have also stated they will be at the price of 0.109btc. There will be no change in this price.
Thank you.

[PBJ]

Good morning everybody.  I will be working on the business plan all day.

I know I need to work on projections a bit more. Plus a lot more in general. If anyone has any notes they would like to give me. Today would be a good day.

Thank you

[PBJ]

I can not guarantee a second draft tonight. I will try however.

[alfred]

Diamond Plus has copied my post from a few weeks ago, posted it again verbatim. Don't know WTF that is all about.

It was not me....

[trentzb]

OT, but he has done the same with one of my posts, and other posts. Kinda weird reading a new post and getting that deja vu feeling.

[PBJ]

That would explain it.

I knew it was not you alfred. I was just confused.

I really do not know why he posted it again.

Thank you for clarifying.

[PBJ]

trentzb: Yes it is a strange feeling. lol

[btcmerchant]

Just checking to see if you guys found a web dev yet.  If you're still looking I might be able to help you out, just pm me.

[PBJ]

btcmerchant:I have sent you a PM.

ALL: Good morning all. I am awake and working on the statistics of the business plan. I still need to add the legal fees as well.

I will also be holding at least 2 interviews today.

Thank you.

[PBJ]

UPDATE: I am sadly stuck to a neighbors wifi for this evening. My modem went down and they are sending a tech for a new one in the morning.

I have just gotten onto his. The problem is it is 3 houses away. So reception is quite weak.

I am still working. Just slow goings for now.

I will be replying to PM's now.

[PBJ]

UPDATE: I paid the legal fees today as well. $750.

These were for the contracts with Ingenico and the distributor. Now to pay the contract payment off and a web dev.

[rannici]

you make this all sound like such hard work.

UPDATE: just brushed my teeth.

UPDATE: just got out of the shower.

UPDATE: moved a few pencils on my desk. (hoping desperately that bitcoin newbies invest in my sham of a stock)

[-FaerO-]

you make this all sound like such hard work.

UPDATE: just brushed my teeth.

UPDATE: just got out of the shower.

UPDATE: moved a few pencils on my desk. (hoping desperately that bitcoin newbies invest in my sham of a stock)

Why are you still here? Seriously... Do you have nothing better to do? Really?

[Ben Walsh (beamer)]

Seconded.

Rannici - go do something productive - I suggest self sterilisation.

you make this all sound like such hard work.

UPDATE: just brushed my teeth.

UPDATE: just got out of the shower.

UPDATE: moved a few pencils on my desk. (hoping desperately that bitcoin newbies invest in my sham of a stock)

Why are you still here? Seriously... Do you have nothing better to do? Really?

[rannici]

like you, i am dutifully waiting to see a finalized business plan.