[HAVELOCK] CasinoBitco.in CBTC

[theskillzdatklls]

Following

[casinobitco]

Update
I’ve hesitated to put this on Bitcointalk.org for a variety of reasons; however, we have been going under some organizational changes since late 2016 and are restructuring the company formally known as CBTC on Havelock Investments accordingly.

To start, we have been pitching a private equity partnership to various Institutional Investors in North America, and I’m happy to say that we have been accepted (and are currently listed) on TheOCMX, Canada’s largest and most exclusive private equity marketplace.

In the four weeks we've been live on TheOCMX, we have been able to secure 20% of the capital we need to continue to operate and advance the company. I’m now posting the details here for full transparency even though it's been on our Twitter and Facebook profiles for several weeks.


Why not an ICO?
We considered an ICO, but felt like that would immediately discourage institutional investors from participating. Our goal is to eventually list on the CSE or TSX Venture exchange down the road (~5 years), so having institutional investors with IPO experience is ultimately desired and necessary.  The moving target in the price of bitcoin also makes any ICO today a difficult feat to pull off today.


What about Havelock?
Around 6 months after we launched, we put 10% of our project up for a Virtual IPO on Havelock Investments. In total, we raised ~500 bitcoin valued at that time around USD $50,000. This capital was put into further product development and marketing initiatives nearly immediately, so we did not catch the price bubble in 2014.

In the past 18-24 months, Havelock Investment traffic and liquidity has suffered drastically due to a variety of internal and external reasons, all which can be found if you do some research. Let me be very clear that we valued the opportunity to raise capital on Havelock Investments, but it’s no longer a viable medium for us to advance to the next stage we desire.

You'll notice there are 30,000,000 units of CBTC on Havelock, that is 100% of the company - principals and owners own over 88% of those units in total. There are ~650 unitholders on Havelock for this fund. When we complete this round of investment we will be buying back all non-management units (at a fair price tbd) on Havelock and closing our fund.

Further interest
It’s not easy to get onto TheOCMX, we did our homework here - we have a detailed pitch, PPM, roadmap, historic and projected P&Ls which showcase our various verticals (Sportsbook, Casino, B2B Wholesale Operations, Peer 2 Peer Revenue, etc). If you are interested in learning more you can check out TheOCMX, or send me a note directly as the opportunity on TheOCMX is non-exclusive so you don’t need to go through them to participate.

Because of our organizational structure, the minimum to invest is US $12,500, and based upon where you reside you may need to be considered an Accredited, or Sophisticated, Investor to participate.

Anyone that invests will be added as a member of the company and have full voting rights according to the shares they own. If you have an interest in participating but want to remain discreet we can work something out as well, but please contact me directly.

[AcoinL.L.C]

Great update

[superbit]

Update
I’ve hesitated to put this on Bitcointalk.org for a variety of reasons; however, we have been going under some organizational changes since late 2016 and are restructuring the company formally known as CBTC on Havelock Investments accordingly.

To start, we have been pitching a private equity partnership to various Institutional Investors in North America, and I’m happy to say that we have been accepted (and are currently listed) on TheOCMX, Canada’s largest and most exclusive private equity marketplace.

In the four weeks we've been live on TheOCMX, we have been able to secure 20% of the capital we need to continue to operate and advance the company. I’m now posting the details here for full transparency even though it's been on our Twitter and Facebook profiles for several weeks.


Why not an ICO?
We considered an ICO, but felt like that would immediately discourage institutional investors from participating. Our goal is to eventually list on the CSE or TSX Venture exchange down the road (~5 years), so having institutional investors with IPO experience is ultimately desired and necessary.  The moving target in the price of bitcoin also makes any ICO today a difficult feat to pull off today.


What about Havelock?
Around 6 months after we launched, we put 10% of our project up for a Virtual IPO on Havelock Investments. In total, we raised ~500 bitcoin valued at that time around USD $50,000. This capital was put into further product development and marketing initiatives nearly immediately, so we did not catch the price bubble in 2014.

In the past 18-24 months, Havelock Investment traffic and liquidity has suffered drastically due to a variety of internal and external reasons, all which can be found if you do some research. Let me be very clear that we valued the opportunity to raise capital on Havelock Investments, but it’s no longer a viable medium for us to advance to the next stage we desire.

You'll notice there are 30,000,000 units of CBTC on Havelock, that is 100% of the company - principals and owners own over 88% of those units in total. There are ~650 unitholders on Havelock for this fund. When we complete this round of investment we will be buying back all non-management units (at a fair price tbd) on Havelock and closing our fund.

Further interest
It’s not easy to get onto TheOCMX, we did our homework here - we have a detailed pitch, PPM, roadmap, historic and projected P&Ls which showcase our various verticals (Sportsbook, Casino, B2B Wholesale Operations, Peer 2 Peer Revenue, etc). If you are interested in learning more you can check out TheOCMX, or send me a note directly as the opportunity on TheOCMX is non-exclusive so you don’t need to go through them to participate.

Because of our organizational structure, the minimum to invest is US $12,500, and based upon where you reside you may need to be considered an Accredited, or Sophisticated, Investor to participate.

Anyone that invests will be added as a member of the company and have full voting rights according to the shares they own. If you have an interest in participating but want to remain discreet we can work something out as well, but please contact me directly.

Can you please show the trade showing all bitcoins exchanged for the 50K

[jrlichtman]

Hopefully we can safely retrieve our BTC from Havelock after.

[freedomno1]

Update

Kind of glad you posted it here since I haven't subscribed to havelock updates in ages to few listings the era of btct bitfunder and hav passed away ages ago etc.
Either way I'll be observing for a listing on the TSX Venture a few years down best of luck on your development since the whole history of cavirtex shares then getting nommed by Kraken reminds me of the issues that can occur with new listings.
Hopefully it ends up better for those who invest though as they will have voting shares and be listed as a member.

Out of curiosity is there a minimum a share is at 150 satoshi's so having an observing stake may be nice
฿0.00000150

[shmoula]

Is there a way for you to do a buyout outside havelock? I'm afraid that's impossible to withdraw from there.

[jrlichtman]

Is there a way for you to do a buyout outside havelock? I'm afraid that's impossible to withdraw from there.

Do you know that for sure, or just worried about that being the case (same here btw)?

[shmoula]

Do you know that for sure, or just worried about that being the case (same here btw)?

I'm just worrying about that, based on voices in hvl thread.

[jrlichtman]

Do you know that for sure, or just worried about that being the case (same here btw)?

I'm just worrying about that, based on voices in hvl thread.

There's only six listings left there. Just took a look.

@casinobitco Any plan for how to deal with winding things up, if Havelock vanishes?

[thehun]

I'm guessing that even if HL goes down they must have a backup with information about the shareholders, their contact info and their holdings.

BTW what will be deemed as a "fair price"? I have 5661 shares that were bought originally for ฿1.5718 but now have a market value of only 80000 satoshis.

[casinobitco]

Thanks for the feedback and concern here everyone.

First, we do have daily access to the unit holders on Havelock; challenge is there is over 600 unit holders (I'm sure there are plenty of bots in that mix), so it's unfeasible for us to take the exit into our own hands. Also, we have no indications that Havelock is going to disappear and not honor withdrawals, in fact we are in monthly communications with them and they are on board with our strategy.

Last, we don't have a target price for the exit, but when we do we'll give everyone fair notice.

[jrlichtman]

Thanks for the feedback and concern here everyone.

First, we do have daily access to the unit holders on Havelock; challenge is there is over 600 unit holders (I'm sure there are plenty of bots in that mix), so it's unfeasible for us to take the exit into our own hands. Also, we have no indications that Havelock is going to disappear and not honor withdrawals, in fact we are in monthly communications with them and they are on board with our strategy.

Last, we don't have a target price for the exit, but when we do we'll give everyone fair notice.

Hope the fund-raising efforts are progressing well for you. G'luck!

[casinobitco]

Thanks for the feedback and concern here everyone.

First, we do have daily access to the unit holders on Havelock; challenge is there is over 600 unit holders (I'm sure there are plenty of bots in that mix), so it's unfeasible for us to take the exit into our own hands. Also, we have no indications that Havelock is going to disappear and not honor withdrawals, in fact we are in monthly communications with them and they are on board with our strategy.

Last, we don't have a target price for the exit, but when we do we'll give everyone fair notice.

Hope the fund-raising efforts are progressing well for you. G'luck!

Yes, absolutely!  Quite a few things in flight.. and I'm expecting some things to materialize in the next 2 weeks or less (knock on wood).

FYI - We did an interview with DegenBet.com today, pretty long - but I think informative to investors, promoters, and trolls / haters alike: https://www.youtube.com/watch?v=8R-u1FX63Cc&feature=youtu.be

Why didn't we do an ICO is around 40 minutes in...

[jrlichtman]

BTC just hit $2375.

Is there any way you'd be willing to trade our CBTC shares (on request) for shares in the new company instead of a payout on Havelock?

[Branny]

Very interesting.


Sounds like you've made similar progress to what we have with dealing with institutional investors, same issues/concerns with doing ICOs and keeping virtual shares (Although we've gone a slightly different path).

[Morguk]

What's the latest on buying back shares?

[casinobitco]

What's the latest on buying back shares?

Good timing for that question Morg.

So this year we’ve had three distinct opportunities to complete a reverse merger (RTO) on three different stock exchanges; however, in all three cases we were “left at the alter” because of various unfortunate circumstances outside our control (up-front money we were looking to raise before trading fell through, or when our broker got into a car accident and went off the grid and the deal fell through).

We still have some traditional financing options in play, but I personally have been looking around the ICO place to see if there was an option that made more sense for a crypto-currency based company like ourselves. At the moment I’m working with a few of the principals in the Waves project to see if there is a fit. This is by no means a done-deal, but thinking out loud, if we were able to secure an ICO on top of Waves, we would be able to convert some (if not all) Havelock owners to that new token. From there original Havelock unit holders could either trade their token for different assets or crypto currencies on the DAK, or trust our vision for the next few years and ride it out with us.

In preparation for a potential ICO, I have also be working to pull in strategic members within the crypto space, as well as the gambling space. At the end of the day, I’m optimistic these new advisers will not only help with an attractiveness of an ICO – but also with running the company post capital raise, something that I’ve been yearning for since we started gaining momentum in 2014.

Now, to state the obvious to all that follow here, I know I was just interviewed about a month back and said we didn’t want to go the ICO route! If we do go down that route I’m man enough to eat my own words and admit that was probably a mistake to discount the possibility that an ICO might be one of the strongest methods to capital we currently have.

For now, that is the gist of it, more to come in a week or two.

[jrlichtman]

What's the latest on buying back shares?

Good timing for that question Morg.

So this year we’ve had three distinct opportunities to complete a reverse merger (RTO) on three different stock exchanges; however, in all three cases we were “left at the alter” because of various unfortunate circumstances outside our control (up-front money we were looking to raise before trading fell through, or when our broker got into a car accident and went off the grid and the deal fell through).

We still have some traditional financing options in play, but I personally have been looking around the ICO place to see if there was an option that made more sense for a crypto-currency based company like ourselves. At the moment I’m working with a few of the principals in the Waves project to see if there is a fit. This is by no means a done-deal, but thinking out loud, if we were able to secure an ICO on top of Waves, we would be able to convert some (if not all) Havelock owners to that new token. From there original Havelock unit holders could either trade their token for different assets or crypto currencies on the DAK, or trust our vision for the next few years and ride it out with us.

In preparation for a potential ICO, I have also be working to pull in strategic members within the crypto space, as well as the gambling space. At the end of the day, I’m optimistic these new advisers will not only help with an attractiveness of an ICO – but also with running the company post capital raise, something that I’ve been yearning for since we started gaining momentum in 2014.

Now, to state the obvious to all that follow here, I know I was just interviewed about a month back and said we didn’t want to go the ICO route! If we do go down that route I’m man enough to eat my own words and admit that was probably a mistake to discount the possibility that an ICO might be one of the strongest methods to capital we currently have.

For now, that is the gist of it, more to come in a week or two.

Hope this works out for you - and if you go the ICO route, I'm hanging in for the long haul.

[Morguk]

Thanks for the update. If you go ICO, you need to show how you're better than Wagerr and Edgeless.

Please keep us updated, would be nice to get something for our investment years ago.