[HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread

[cesmak]

Buying it actually doesn't seem to terrible at its current price. Havelock is retaining 100BTC in funds they raised, yet their current price has a market cap of 33BTC. If Havelock distributes the funds back to shareholders (As it should: This is clearly a scam listing) would 3x investment. Havelock said earlier on this thread they don't plan on releasing the funds to MS.

But if you do some math 100BTC / 62164 shares = 0,001608BTC per share, no divs from the starting ipo, and the starting ipo was at 0,003BTC

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

[malevolent]

But if you do some math 100BTC / 62164 shares = 0,001608BTC per share, no divs from the starting ipo, and the starting ipo was at 0,003BTC

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

It was ฿0.00500000

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

The shares are already down almost 90% since the IPO, do you think it can get any better with the high costs they have, and with the little revenue that their "company" brings in?

[MrWDunne]

Buying it actually doesn't seem to terrible at its current price. Havelock is retaining 100BTC in funds they raised, yet their current price has a market cap of 33BTC. If Havelock distributes the funds back to shareholders (As it should: This is clearly a scam listing) would 3x investment. Havelock said earlier on this thread they don't plan on releasing the funds to MS.

He is talking about if you buy shares now, not if you bought at IPO

[NotLambchop]

@Havelock:  Any plans of distributing the remaining 100 BTC among MS shareholders?   

[statdude]

[AcoinL.L.C]

@Havelock:  Any plans of distributing the remaining 100 BTC among MS shareholders?   

If they dont im never using havelock again. This security started out with a good idea, operator is a complete dumbfuck who pays himself a salary that is equivalent to the entire revenue. I might buy some shares, would be a nice 3x cash

[RiverBoatBTC]

Does Havelock link wallets that hold escrow?  I would like to see all the wallets in which havelock is holding escrow. Every IPO they escrow should have the escrow address listed so that the share holders know that havelock is not taking advantage of having a extra 100 btc.

[NotLambchop]

@Havelock:  Don't do this:

We have been working with Mintspare closely during the past few months and they have a bright future ahead of them. They should and will start to post and respond to requests on this forum.

We do hold the Bitcoins raised during their offering in escrow and only distribute those funds as needed.

...We are in constant contact with them to make sure the company is active and making progress.

Hi Havelock.  Could you update teh shareholders on MS' progress?  Are you still in contact with Mr. MintSpare?

*MS is currently trading @ 1/10th of the issue price.  Isn't it time to pull the plug, or at least add that "Q" suffix?

[theMiracle]

Havelock?

[MintSpare]

Update is under review by Havelock.

[NotLambchop]

^How's it going bro, all good?

[zevtiefenbach]

Update still under review? That's a long time for Havelock to sit on some pretty important information . . .

[freedomno1]

Update is under review by Havelock.

Well a week has passed it does seem like a good time to ask for an estimate of when it will be updated
Happy 4th

[zevtiefenbach]

and now another week? is havelock really sitting on material information - for weeks?

someone's just gotta pull the plug on this one . . .

[AcoinL.L.C]

Last trade was on 2014-07-06


MS has a deadbeat operator, and no liquidity. Not generating Havelock any profits so I don't see why they bother to keep it up, only losing them face

[NotLambchop]

... Not generating Havelock any profits...

Havelock is holding 100BTC from the IPO if we're to take his their word seriously.  It's sorta hard, 'coz...

...We don't disclose the exact amount of funds currently held in escrow for each of our Funds...

...and then disclose the amount currently held in escrow:

We are still holding 100 BTC in escrow for MS

[RiverBoatBTC]

Is no one going to respond to this? chop might troll but they do bring up a valid point.

[AcoinL.L.C]

Is no one going to respond to this? chop might troll but they do bring up a valid point.

Very valid point

[statdude]

Mintspare founder should be ashamed.

[KarmaShark]

I am sure Havelock will respond and take action on this as promised before the end of the year.