explain why ridiculous
With great pleasure.
Let's start off with your IPO itself. With 10k shares @
BTC.1 and 40k (90k) shares @
BTC.15 you're evaluating your company at
BTC7,000 respectively
BTC14,500 if counting privately held shares (available for sell after period of time).
At current exchange rates thats roughly $5,600,000 / $11,600,000.
Now least take a look at your page. It's not that ugly that I want to scratch my eyes out, but it wouldn't win any design awards either. I'd say you can get a student to build this within a week for generous $1,000. Let's say you have some funky code behind your site (although you're actually only handling bitcoin, but I come to that in a bit). Let's hire a professional programmer for $200/hour (although he'd tell you, that you shouldn't build a site which aims for a volume of
BTC100k/week in PHP, but that's another story). Let him work for 2 whole weeks, so @ 40 hours per week, that's 80 hours or $16,000 for the trading system. Total cost including extreme super high performance hosting let's say $20,000. That's 0,35% (0,17%) of your IPO.
Onto your prospectus. Let's start off by asking what your current volume is. You stated that your trading system started in October. Given that you want to hit
BTC1,000/week in let's say 2 months (early 2014). You should be at
BTC250/week right now. In summer 2014 you want to hit
BTC10,000/week, which will result in an ROI of about 1 year. Estimating very optimistically (let's say summer begins in may) that's a current ROI of 18 months.
Given my previous points and that your business model is inferior to other exchanges (buyer needs to transfer money directly to the seller (bitcoin.de does the same and you can do some research on why that's inferior)) and that you're blatantly advertising 0 fees (in fact you're paying an insane 2% fee for what is an escrow service), this IPO smells like scam or you're just delusional or highly incompetent.
So I can only repeat myself:
Another ridiculous IPO
Edit: Forgot to mention another flaw. With a payout of 0,001% per share for all your income (your fees) at 100k shares, that's 100% of your income. How are you going to pay your bills?
Edit 2: It goes on. There's so much BS to cover here. You state that 17k shares are still available. But you're still advertising the early bird price. That doesn't make sense. Shouldn't the early bird shares be sold by now?
Also you state on your website that you'll provide weekly reports. Although you claim your site is already running for almost 2 months and that you sold most of your IPO, I can't find any reports. Why's that?
For reference
Bitcoin Bourse SYSTEM SHARES IPO offers investors exclusive right to participate from the system fees.
Bitcoin Bourse is owned by Bitcoin SARL, but we offer our customers opportunity to participate in the profits of the system.
We offer System shares, which do not represent ownership of the company, but weekly dividend of 0.001% of the all fees generated by our exchange.
Our IPO started on August 15, 2013, early birds offer of 10.000 shares was sold out soon for 0.1 BTC and later we were selling the rest of 40.000 shares for 0.15BTC.
System shares are not depended on the profitability of the system, but on the turnover.
System shares are can be bought and sold on Bitcoin Bourse for BTC. Price of early birds 10.000 shares is 0.1BTC, the rest of shares is priced for 0.15BTC.
We will publish each week official statement of turnover and number of trades.
Bitcoinbourse.eu was launched on October 1st, 2013, and we are growing fast.
Bitcoin Bourse generates income from funding the account and from the payout of the funds. There is a fee of 1% of the bitcoins deposit into Bitcoin Bourse and 1% fee from the payout of bitcoins from Bitcoin Bourse.
Total there is 2% fee of deposit and payout of bitcoins into Bitcoin Bourse trading system.
Here is the original IPO prospect: English:
https://bitcoinbourse.eu/pdf/BitcoinBourse_IPO.pdf Français:
https://bitcoinbourse.eu/pdf/BitcoinBourse_IPO_FR.pdfEvery Sunday at midnight trading system counts all the fees obtained in the last week and pays a dividend of 0,001% for every System share.
Currently /November 25, 2013/ there is about 17.000 shares still available.
To buy System shares simple sign up and go to menu Shares.
https://BitcoinBourse.eu*****************************
BitcoinBourse.eu offers also Pass Through of our system shares.
10 PT shares means 1 System share of Bitcoin Bourse.
We will offer to Cryptostocks users 50.000 PT shares, which represents 5.000 system shares of Bitcoin Bourse.
Each PT share represents 0.0001% of weekly revenue of BitcoinBourse.
PT 10 System shares are can be bought and sold on Cryptostocks.com for BTC. Price of 50.000 shares is 0.015 BTC each.
To buy PT 10 System shares go here:
https://cryptostocks.com/securities/59Questions?
CONTACT:
contact@bitcoinsarl.fr
