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

[NotLambchop]

@KarmaShark:  Did Havelock mention "end of the year" to you, or are you ad-libbing?

[KarmaShark]

@KarmaShark:  Did Havelock mention "end of the year" to you, or are you ad-libbing?

A half of a year is more than enough time to deal with this situation. Assuming Havelock wants to run a legitimate business through a model that doesn't impoverish its customer base or expose them to fraud, they will do something about this eventually. If they continue to remain silent they are making a much more powerful statement to their customers than any "we try our best to vet each company we bring you" canned response could ever make.

[NotLambchop]

Legitimate business

Lol their own terms of service specifically prohibit US persons from using their website:



https://www.havelockinvestments.com/havelock-tos.pdf

MintSpare is located in Miami, FL, US.  Mr. Mint is a US Person, issuing unregistered securities through an unlicenced exchange.  Havelock, in breach of its own TOS, has vetted, vouched for, solicited funds for and is still allegedly holding a portion of the raised funds.  All this for an American company, operated by a US person from US soil.
And is too cheap to give said funds back

Please understand that I'm not against scamming, simply against artless, incompetent, lowbrow scamming that trips over its own shoelaces and contradicts itself with every word.
A man should strive to excel at his craft, regardless of whether he's building a skyscraper or conning some coin from clueless rubes.  

[RiverBoatBTC]

The fact that they know it is illegal in those country's and still accept them, makes it conspiracy and aiding and abetting securities fraud.

Conspiracy charges are charges that a person has entered into an agreement with another person to commit a crime or an illegal act. A successful conviction for a conspiracy charge requires that an act was taken to begin carrying out the agreemetn. Before a defendant makes any final decisions about how to proceed with a conspiracy allegation, they should understand the nature of the charges, any possible defenses, and the penalties associated with the charge.

Aiding and Abetting Under the Federal Securities Laws

To establish a claim for aiding and abetting, the SEC must plead and prove: (1) the existence of a securities law violation by the primary  party; (2) the aider and abettor’s knowledge of the primary violation; and (3) “substantial assistance” by the aider and abettor in the achievement of the primary violation.

Panama is very extradition friendly with the USA as well. This also puts all U.S. security operators on Havelock at risk. I would like to know how they can explain this one.

http://books.google.com/books?id=hzM3AAAAIAAJ&pg=PA2851#v=onepage&q&f=false

They pretty much sealed their illegal actions with those statements and then allowing U.S. company's to list or allowing U.S. residents to list.

FYI, if your a U.S. citizen just because you have a offshore company does not give you impunity from U.S laws. Ex Buying a Shelf corp to skirt U.S. security laws.

[zevtiefenbach]

so is this dead?

no replies to any questions. no financial reports. nothing.

at what point does this thing de-list with funds in escrow going back to shareholders?

[AcoinL.L.C]

so is this dead?

no replies to any questions. no financial reports. nothing.

at what point does this thing de-list with funds in escrow going back to shareholders?

Im starting to guess never 

[NotLambchop]

Good news everyone!  The value of your holdings has just been tripled!

[NotLambchop]

so is this dead?

no replies to any questions. no financial reports. nothing.

at what point does this thing de-list with funds in escrow going back to shareholders?

Im starting to guess never 

[zevtiefenbach]

at this point havelock really needs to make a statement. investors have had no credible information, no answers to any questions and the promised reports have never been issued. this is getting really embarrassing to all involved. at this point, one has to assume that the company doesn't exist and Havelock should post an update on what it intends to do with the funds in escrow.

given that Havelock owns shares in this . . . their silence and withholding of material information is very . . . troubling from an ethical point-of-view.

Update is under review by Havelock.

[freedomno1]

This asset is illiquid a statement from Havelock is required here
Mintspare shares have pretty much froze trading with an empty orderbook can a user make a motion for liquidation?

[zevtiefenbach]

wow. still nothing from havelock?

[RiverBoatBTC]

Pretty shitty business on Havelocks part, why would you put money on a exchange that can not even handle a simple problem like this. Even Cryptostocks will delist a asset after 1 month.

[AcoinL.L.C]

Havelock has big expenses... 165 btc per month
They must need the 100 btc for other purposes

Past month - month and a half has really lowered my trust in havelock. From not responding to questions to letting shitty IPOs run on their site (ie SHAT and the other one that failed to raise more than 5 btc  )

Pretty pathetic if you ask me. They clearly don't read through issuers business plans or give a shit about initial valuations, the idea with investing is that it will grow.. You don't pay for what the price would be after it grows.

The worst is their expense report. How do they have 165 btc in expenses? They need to clearly show their expenses to their shareholders.

[ThunderSheep]

Mintspare's 3 month financial report should be out by the end of the week.

Update is under review by Havelock.

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

and now another week? is havelock really sitting on material information - for weeks?
someone's just gotta pull the plug on this one . . .

wow. still nothing from havelock?

The silence in this thread is deafening.

[NotLambchop]

Havelock.  How broke are you?

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

[freedomno1]

The silence in this security really is deafening
Nothing since May 12

We are still holding 100 BTC in escrow for MS

And June 26

Update is under review by Havelock.

[NotLambchop]

We are still holding 100 BTC in escrow for MS

Market Cap    ฿19.8950

Havelock.  How broke are you?

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

Edit:  Havelock, you should add a few more decimal places.  It looks like you're worth 0.0000 BTC


Though you do have something to take pride in:  You're worth 3x as much as Mintspare

[NotLambchop]

Bump.

We are still holding 100 BTC in escrow for MS

Market Cap    ฿19.8950 ฿12.4334 (~$5014.03)

Havelock.  How broke are you?

[MilkyLep]

2.5 Mill, you guys are nuts, no sales, no revenue, no proof of concept with BTC.

Just a cash grab,

I'm starting to think you guys (james, and the others are just trying to come up with more ways to grab btc)

If you guys went on Dragons Den with this kind of offer you would be laughed off the stage!

Did anyone see that post on Reddit a week or so back about somebody sending in a couple packages of used electronics to MintSpare that ended up getting marked by USPS and returned to sender for an undeliverable address?

[ojm]

http://www.reddit.com/r/Bitcoin/comments/2ika6d/psa_mintsparecom_possibly_out_of_business/

"I recently submitted three devices for sale at MintSpare.com and promptly shipped them out via the prepaid USPS labels the site generates. Upon checking the tracking numbers today, all three packages have been "Returned to Sender: Addressee Unknown"."