[HAVELOCK] (HIF) Havelock Investments Fund

[nubbins]

...if the questions are not addressed, people will remove their capital from the platform and all funds listed there will suffer.
...

Havelock has been operating at a loss for the last two months, kindly consult our financial statement.
If participating fund issuers wish Havelock to continue offering its services, said issuers should spring for expenses.  Themselves.  Havelock's tired of supporting freeloaders.

Enough of this entitled bullshit.  One more finicky complaint and Havelock *will* pull the server plug.
Panama's not Communist Russia, we ain't running no charity

People are so huffy *because* Havelock has been operating at a loss for the last two months. And because there's no explanation of where the money went, aside from "Expenses".

Investors in Havelock funds are the ones running charities

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[NotLambchop]

Havelock, a 100,000BTC corporation, offered this fund as a gift to you, the [ungrateful, vindictive and nitpicking] Bitcoin community.
Lesson learned.  No more presents.

To clarify,

We have enough funds to run HavelockInvestments.com and are not looking for any of our users to lend us or provide us with any Capital for our operations.
That is why we only offer 5% of the Company.

This Fund is offered as a way for our loyal users to participate in any profits derived from the operations of the HavelockInvestments.com website.

We want the Bitcoin community to participate with us in this growing venture.
...

[Zakryze]

so havelock was simply bagholding the bitcoins and not working with them? what a great investment fund management. Did i invest into a schoolkids venture or something? how lazy are you guys? Very shady fund.

oh wait i shall be happy over a 37 sat dividend for which i paid .005? are you kidding me or are you on drugs? your lack of understanding and communication is just fabulous.

[Lohoris]

Please also note, theyve given "owner" permission to the document, so only HIF shareholders can view the doc. After I rid myself of the useless shares, I can no longer see it. Hopefully future buyers have enough sense to check out the fund here before buying

Well, technically, if 1 single share is cheap, you could buy 1 share in order to have access to that document.

The absurdities of Havelock's self-valuation ($60 million at IPO time) and projected earnings -- both were pointed out on the first pages of this thread.

Much true, many people pointed that out, and many unwise people just ignored those big warnings and bought into this scam.

Havelock, a 100,000BTC corporation, offered this fund as a gift to you, the [ungrateful, vindictive and nitpicking] Bitcoin community.
Lesson learned.  No more presents.

To clarify,

We have enough funds to run HavelockInvestments.com and are not looking for any of our users to lend us or provide us with any Capital for our operations.
That is why we only offer 5% of the Company.

This Fund is offered as a way for our loyal users to participate in any profits derived from the operations of the HavelockInvestments.com website.

We want the Bitcoin community to participate with us in this growing venture.
...

Lol, +1.

Obvious scam is obvious.

[jimmothy]

Lol, +1.

Obvious scam is obvious.

You should stop trading on their exchange and giving them money

[hdbuck]

We do understand that the projection did not meet the actual revenues.

The prospectus was written at the time when BTC was on a 30 days average of ~$100-150 USD. When BTC went to $1,000 that naturally drove the volume and prices of many of our Funds down.

We projected 2500 BTC for the first Quarter @ ~$100/BTC... We had revenues of 216 Bitcoins with BTC ~$1,000

So Dollar to Bitcoin we operated close to projections.

Cheers,

Havelock Investments

lmao this is what i call an "i dont give a fuck" statement. neat.

[sporket]

...
The prospectus was written at the time when BTC was on a 30 days average of ~$100-150 USD...

Not sure when the prospectus was written, but it was published when Bitcoin price was ~$600.  30-day average was ~$250.

Though increasing BTC price should only affect the expense projections (assuming you pay your bills in fiat).  Or do you adjust your fees to BTC dollar value? 

[DrGregMulhauser]

See here. 

[twentyseventy]

See here. 

Don't you start that too, it's bad enough to have Pankkake trying to mimic MPOE-PR's blind linking

[sporket]

Got to admit, sort-a sobering to read those pages again.  A few posts down an investment prodigy aptly named Herp preaches to fellow finance enthusiasts:

...
Neo&Bee is probably most established crypto stock right now and they can vouch for these guys, as I was saying. ...

So much win...

[Peter Lambert]

So ... what were all those bitcoins spent on in the expenses? Hookers and blow?

[DrGregMulhauser]

See here. 

Don't you start that too, it's bad enough to have Pankkake trying to mimic MPOE-PR's blind linking

Sorry, in case you didn't click for fear it was more of that silliness -- it was actually a link to my earlier post in this same thread, noting the ludicrous financials that were provided with the original listing. Given those initially ludicrous financials, it's hardly surprising now to see what has become of it.

[shmoula]

May I ask general question about havelock trading platform here?

I have 48 shares of some asset and opened order to sell 14 of my shares. Now I received dividends for just 34 shares! Why? I'm still holder of those assets! Where that dividend for those 14 shares gone? Who received that and why?

[lynn_402]

May I ask general question about havelock trading platform here?

I have 48 shares of some asset and opened order to sell 14 of my shares. Now I received dividends for just 34 shares! Why? I'm still holder of those assets! Where that dividend for those 14 shares gone? Who received that and why?

That's unusual. My shares on Havelock are always on sell orders and I receive all dividends.

[pedrog]

Havelock really needs a new layout and a few more features, this doesn't look right:

[NotLambchop]

How to make a tanking stock look good, the Havelock approach:



*Or is Havelock getting ready for its share price to go negative?  I'm new to this international high finance stuffs...

[jrlichtman]

Just looked at the second quarter results. Any chance we can get an actual P/L, or at least a breakdown of what the expenses were?

[nwfella]

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow.  Talk about a retarded thing for me to invest in.

"Never go full-retard"

[jrlichtman]

All I can say is just wow.  Talk about a retarded thing for me to invest in.

Well we don't know. If the expenses are for sensible things that grow the business, then maybe its a positive. They owe it to their shareholders to explain their business though.

[statdude]

Havelock should hire a finance person/accountant.
Also site could use some new improvements.