[HAVELOCK] (HIF) Havelock Investments Fund

[hdbuck]

You are right. I was wrong to state that they were a registered exchange.

They are however a registered investment firm which has to count for something.

Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.

There are very few obligations on registered private investment firms because only investment professionals and the super-rich are allowed to invest.  I would love for them to clarify, I've been trying to get them to for nearly a week, but their answers are extremely evasive.  As of today they claimed I was talking to a customer service rep, and from now on they'll give me answers from legal.  We'll see how that goes.  I wouldn't harass them so much if it weren't for the fact that they claim to be compliant.  Most of the investments here are pretty shady and clearly unlawful, and if consenting adults want to take the risk with their money, they should be able to, but Havelock has put a ton of effort into appearing to comply with the law.  That seems less like a free market and more like fraud to me. 

thx for the investigation btw.
cant wait for more precision from Havelock

[1713877414]

1713877414

[Musk]

Man this thread is quite dead, anyways any plans on a report anytime soon ?

[freedomno1]

Man this thread is quite dead, anyways any plans on a report anytime soon ?

Fair enough point last HIF was 2013-11-19 think its quarterly dividends

[QuanSushi]

Man this thread is quite dead, anyways any plans on a report anytime soon ?

Fair enough point last HIF was 2013-11-19 think its quarterly dividends

Soonish...

31/03/2014

[NotLambchop]

Havelock's as solid as a Panamanian bitcoin exchange.
+1 would def. trade again!
(do COG and NEOBEE still pay fees?)

[Zakryze]

Whats up with the HIF dividends? Shouldnt they be paid soonish? I can't see any announcement on them so far...

[havelock]

The first Quarter ends Today 03/31/2014.

A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.

Thank you,

Havelock Investments

[Zakryze]

Great. Thanks for the quick reply and good service.

[freedomno1]

The first Quarter ends Today 03/31/2014.

A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.

Thank you,

Havelock Investments

Roger thanks for the heads up

[Auburn]

Several of the funds listed on the Havelock website publish reports/updates on a monthly basis, such as CBTC, HMF, and KCIM. BDD reports daily! I commend their managements for their professionalism.   I think that it's important for the company to issue monthly reports for the Havelock Investments Fund, just as they already do for their Havelock Mining Fund.  It's now been almost 6 months since the first listing of the fund back in November 2013.  They indicate that they will issue their first report presumably 10 business days from 3/31, which would be April 14.  Why this news blackout?

I am investor in HIF.  If the fund has nothing to report on a monthly basis that suggests to me that what news there is, is probably bad for investors.    The fund's success depends on some basic metrics such as the # of funds, trading volume, monthly fees charged to funds, and # of new funds in the pipeline.  These are all listed and explained in the Prospectus.  The monthly reports I want should update this data on a monthly basis.  It's not that hard to do. If the actual results are not as favorable as the assumed results mentioned in the Prospectus, the sooner I know about any gap the better.  Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.

I won't be making any additional investments in HIF until a clear and timely communication policy is formulated, communicated to investors, and actually implemented consistently (monthly at least).  We DO have a right to know!

[Lohoris]

Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.

Yeah, just like their IPO, right?

[havelock]

The HIF Fund P&L is based on revenue streams detailed in our prospectus. Anyone can see how many funds we have and how much volume they have. Our fees are public information.  This is our first full quarter which just ended 3/31. We do appreciate your support, however we are not a casino or a mining operation. Thank you.

[sporket]

The HIF Fund P&L is based on revenue streams detailed in our prospectus. Anyone can see how many funds we have and how much volume they have. Our fees are public information.  This is our first full quarter which just ended 3/31. We do appreciate your support, however we are not a casino or a mining operation. Thank you.

Is NEOBBQ paying fees now that it's trading again, or are you lettin' it slide?

[Auburn]

I know very well that Havelock is neither a casino nor a mining operation.  You are a financial services company.  It's not possible for your investors to know what the number of funds listed is (who pay a monthly fee!) nor the number of funds in the pipeline unless you disclose this information.  A key part of your Prospectus makes clear that growth in a vital part of your plans, and I want to know how the actual results you have experienced in this first quarter compare with the projections you made in the Prospectus.

The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses.  I have a good handle on the expenses assuming that the Prospectus projections are accurate.  But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose.  Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF.  Havelock can and should be a best practices  model for the funds you manage, especially in the communications department.

I do hope that when the first quarterly report is distributed your investors get this detailed information.  We need it to make informed decisions about our investment in HIF.  And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock  are important.  Thank you!

[kuikmaa]

I know very well that Havelock is neither a casino nor a mining operation.  You are a financial services company.  It's not possible for your investors to know what the number of funds listed is (who pay a monthly fee!) nor the number of funds in the pipeline unless you disclose this information.  A key part of your Prospectus makes clear that growth in a vital part of your plans, and I want to know how the actual results you have experienced in this first quarter compare with the projections you made in the Prospectus.

The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses.  I have a good handle on the expenses assuming that the Prospectus projections are accurate.  But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose.  Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF.  Havelock can and should be a best practices  model for the funds you manage, especially in the communications department.

I do hope that when the first quarterly report is distributed your investors get this detailed information.  We need it to make informed decisions about our investment in HIF.  And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock  are important.  Thank you!

+1

I too have found it impossible to make any kind of projections based on the information available. Im also still waiting on the dividend payout. I explicitly asked when the first dividends will be paid, and was answered with

"Hello kuikmaa,

Dividends are paid on a Quarterly basis. The first Full Quarter will be the 1st Quarter of 2014 03/31/2014.

It will also include income from the month of December 2013, which was the First Full month after the issuance of the Fund.

Thank you,

Havelock Investments"

which led me to believe they would be paid out on the 1st, not up to 2 weeks later. Will these dividends include the first 2 weeks of March now? Where is the regulation?

[NotoriousBIT]

Not trying to put out negative vibes, but just gonna point out the obvious that any problems with this fund could have big impacts on the site and all the funds listed.  I guess by the end of April we'll have a good idea of where Havelock really stands?  That's worth 10 bucks in shares.

[kuikmaa]

Will the dividends be paid out at the time of the financial report (which was promised to be released within the next 2 business days)?

[havelock]

Report should be out tomorrow at the latest!

CPA doing a final review at the moment.

Thank you for your patience.

Havelock Investments

[Peter Lambert]

Report should be out tomorrow at the latest!

CPA doing a final review at the moment.

Thank you for your patience.

Havelock Investments

I thought the deadline was the 10th? Which means it should be out today!

[kuikmaa]

Report should be out tomorrow at the latest!

CPA doing a final review at the moment.

Thank you for your patience.

Havelock Investments

I thought the deadline was the 10th? Which means it should be out today!

10 Business Days (14th)