[Havelock] The Panama Fund, S.A. Acquires HavelockInvestments.com

[havelock]

November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.

The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.
With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.
The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.

We'll be following up with inquiries during the next week.

[havelock]

We know there are going to be a lot of follow-up questions and we'll do our best to answer them all in the following week.  We wanted to get the announcement out tonight to let everyone know that Havelock's future is secure and safe, and that there will be no changes to existing user requirements (ie US users are fine).  

Again, we'll get to all inquiries next week and look forward to the future with this exciting development in place.

[casinobitco]

We know there are going to be a lot of follow-up questions and we'll do our best to answer them all in the following week.  We wanted to get the announcement out tonight to let everyone know that Havelock's future is secure and safe, and that there will be no changes to existing user requirements (ie US users are fine).  

Again, we'll get to all inquiries next week and look forward to the future with this exciting development in place.

Cheers! Good work guys, congrats on the acquisition.

[pedrog]

Great news!

Congratulations!

[Portnoy]

Nice!

I will have to go buy up some more HIM units that got pushed down so low due to the recent uncertainty. 

[shadallion]

Would you be able list ActiveMining, btcQuick, IceDrill, Ciphermine and the other securities that have recently been devestated by the closing of BTCT.co and Bitfunder (assuming they WANT to be listed)?

[jbest8283]

Isn't HIM a mining fund?
Do you think this will really be affected by the acquisition?

[crumbs]

Who/what is The Panama Fund, S.A?

[chriswilmer]

Who/what is The Panama Fund, S.A?

Yeah, some kind of link or source for more information would be helpful.

[papiraul]

Congratulations! I guess moving shares to Havelock was a good choice. 

[stslimited]

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

[crumbs]

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this?  http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"?   What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

[stslimited]

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this?  http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"?   What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

[chriswilmer]

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this?  http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"?   What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

I'm with crumbs on this... there has to be some more information on this Panama Fund thing. Google is failing me right now...

[bobdude17]

Hmm does this have something to do with the CFIG( Crypto Financial Investment Group)?

Great news!

[radiumsoup]

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

[Casino Gambling Guy]

What does this mean for coin holders that are new to the game?

[crumbs]

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this?  http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"?   What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

"Through many layers of entities," RLY?  Is this legalese for "don't ask questions i don't have answers to"?
Come on, that's just empty verbiage meaning absolutely zilch.  Unregistered securities are just that -- no matter how you repackage them.  

Nothing new here, all been trash-picked many times over.

[crumbs]

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

[chriswilmer]

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

If the servers were actually in Panama, that would be another story...