Diamond Circle - Information memorandum - Ticker 'XDC' - Cryptostocks.com

[Stephen Rowlison]

Diamond Circle, an enrolled Money Transmitter of store value cards, cash free Automated Teller Machines, Merchant Point of sale solutions and online exchange platform specialises in providing financial services and enabling technology in the Crypto-currency/commodity Bitcoin market.  The company is listed on the cryptostocks.com crowded funding platform (ticker ‘XDC’’), trading at around $20.00USD per share.  The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions.

Diamond Circle seeks to raise a further $2.5M USD to expand its services to the UK, USA, Canada and Asia.

https://cryptostocks.com/securities/71

Unique selling proposition
Consumers receive their Bitcoins on a stored value card a.k.a ‘Bitcoin Wallet’ implemented as on an NFC Tag, which they can transfer to online after formal KYC identification steps have been undertaken by our Global identity partner GBGroup, who are based in the UK, whereupon our technology charges consumers credit card and releases a lock held on their Bitcoins. This approach also offers our banking partners with assuredly against credit card fraud and protects our Bitcoin and cash reserves.  At this stage the consumer may transfer their Bitcoins to an online wallet, purchase additional Bitcoins from our web site or redeem them for cash to a nominated bank account or to an online e-cash entity and via approved merchants, and approved money transmitters world-wide.  The wallets also broadcast the consumer’s Public key to nearby Near Field Communication enabled phones, the feature allows easy transfer of Bitcoin to their wallet from other counterparties. 

•   Secure mechanism for the storage of crypto-currencies compared to risky online wallets where the operator records a consumers private key.
•   Stored value card based purchases supports government anti-money laundering legislation, reduces cash in transit costs and secondary exchange
•   Merchant Point of sale offers Merchants a commission based opportunity to offset payment fees
•   Integrated off-line and online transaction model with infrastructure to support 5 billion transactions per day and 4,000 automated teller machines
•   Corporate Governance Board, AML/KYC compliant processes, Advisory Boards, multi-disciplined team, CMMI Level 5, ISO9001 quality assured self attested, extensive contacts and relationships globally.

Short Term Outlook
For the first quarter, the company seeks to raise $250,000USD and deliver an EBIT of $96,671-$129,671 USD which will see the deployment of 5 Bitcoin ATM’s either company owned or sold which issue Bitcoin wallets on stored value cards in each capital city of Australia. This raising will also provide the company with a reserve of cash and Bitcoin for use in our closed loop payments solution. 

In Quarter 2, the company will raise $250,000 USD and return an EBIT of $660,880 USD from the sale of a further 25 machines. Production commences thereafter for the initial 30 units with larger quantities manufactured in the same supplier who also has a manufacturing plant in Texas, enabling us to effectively penetrate both North and South America. We will complete our R&D for a merchant point of sale.  Merchant POS enables brick and mortar retailers to exchange goods and services with consumers that possess our stored value cards which are issued from our ATM machines and will be available for purchase from convenient locations and online.  Merchants are charged a fee through our exchange service.  We anticipate sales of our Merchant POS equipment and associated subscription model will support our ATM fleet and generate further revenues in-store and online.  Approved merchants will be offered a commission to exchange Bitcoin via our stored value cards, which further extends our foot print, permits the receipt of paper money to identified consumers and offers another revenue stream. Merchants can also issue our stored value cards for a margin (corner shops). 

Licenced distributors are sought for all products and services in all regions.

Medium Term Outlook
•   Convergence between Google Wallet, online e-cash participants, financial services partners (Brokered services), telecommunication providers (SIM card Bitcoin Wallets) are strategic targets for further growth.
•   Deploy Bitcoin Enterprise solutions for the corporate and Government sector (non-fiat).
•    Interest from the UK is extensive and we have been afforded assistance in Ireland for our HQ and co-branding options on our wallets e.g. Coke

Long term Outlook
•   The emergence of solar and wind farms to generate inexpensive crypto-currencies and the de-commissioning of carbon emitting mining devices.
•   Further R&D into mining ASIC chips to build out our own green mining product portfolio and coin.
•   Through Amnesty international and NPO’s - to enable the great unbanked/unrecognised aliens and the disadvantaged through mining, payments and exchange.
•   Diamond Circle emerges as a financial services company providing a range of personal, business and commercial crypto offerings.  The provision of financial related transactions bill payment, payroll, loans, insurance and superannuation (401K), in crypto e.g. ‘First Crypto Global Services’ et al.


For further information contact
Stephen Rowlison
Chief Executive Officer and Founder
emailto:srowlison@diamondcircle.net
http://www.linkedin.com/in/steverowlison
Telephone: +61 (0)400 82 66 69.
Skype: steve.rowlison.

For regulatory and compliance details contact Michael Oswald
emailto:moswald@diamondcircle.net.
http://www.linkedin.com/in/michaeloswaldalliancelinked
telephone: +61 (0) 437 79 87 91.

Online Details:

https://cryptostocks.com/securities/71

http://diamondcircle.net

Disclaimer: While every best effort will be made to ensure the profitability of this business opportunity; management, directors, associates and affiliates cannot be held responsible for powers outside of our control. Obtain our Newsletter: /FrrfL]http://[Suspicious link removed]/FrrfL
Products or service names mentioned herein are the trademarks of their respective owners.

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[GreenBits]

this is interesting.
 have always thought that the integration of nfc + btc would effectively kill off all the other proximity based payment systems (paypass, paywave) once adopted.


does the particular approach to the situation (purchasing a pre auth with a credit card, that, after account verification, converts to a sale and then btc) eliminate some of the legal concerns with operating these machines like atms? kind of like selling a service subscription with a preloaded account credit?

~Green

[Stephen Rowlison]

~Green,

Thanks for the feedback.

btc + nfc integration is cost competitive and provides opportunities for new issuers.

I believe our approach will be favored by regulators and assure leading edge card processors.  Your analogy is spot on, except their is no subscription charge at this stage whilst your coins are in our ID loop, nor limits on how much you can spend daily and on what or where or to whom.  I hope we can find a better model than just non-interest earnings also.

Stephen

[GreenBits]

surprised no one has commented on this, i was looking forward to the subsequent discussion/dissection of this offering.

this might be one of the few ways to skirt regulation in the states (regarding btc atms operating as MSBs), this was a particular approach to the problem I hadn't considered before.

about the btc reader/writer, is this product a nfc enabled payment point for btc transactions (like a Square/Paypal card reader, but nfc)? or does it function for storage?

Green

[Stephen Rowlison]

The NFC reader/writer is used to initialize a private (encrypted) and public key onto an NFC tags and reads the public and private key for making payments and exchange.  The mobile device is similar to Square^tm.  The fixed device is similar to Paywave ^tm/Paypass ^tm.

[IvanErohin]

Hi!
Can you tell more about company's dividend policy?

[Stephen Rowlison]

The company may pay dividends according to the resolution of the directors. Payments of dividends are subject to share class rights and restrictions and must always be paid in accordance with the Corporations Act. Where share classes exist, the directors have the discretion to distribute dividends in different proportions according to class, or to exclude one class from distribution. The directors of the company may determine that a dividend is payable and fix the amount, time and method of payment.

No interest will be payable to members, if dividend is paid later then the time stipulated in the directors declaration. The directors are permitted to use any part of a dividend to satisfy the debt of that member to the company on account of the relevant shares.

The company must not pay a dividend unless it is paid under circumstances described in section 254T of the Corporations Act 2001. These circumstances are:

 the company’s assets exceed its liabilities (calculated in accordance with the accounting standards in force at the relevant time) immediately before the dividend is declared and the excess is sufficient for the payment of the dividend; and
 the payment of the dividend is fair and reasonable to the company’s shareholders as a whole; and
 the payment of the dividend does not materially prejudice the company’s ability to pay its creditors, such as, the company becoming insolvent as a result of dividend payment.

A general meeting shall not declare a dividend larger than recommended by the directors. The crediting or payment of partly paid shares with dividends must allow for the amounts unpaid or uncredited, ignoring any amounts paid before a call is made.

If, during the relevant period, the amount paid or credited on that share changes, then the dividend is credited or paid to the share allowing for this change. Any share shall rank for dividends on the date, if any, that was relevantly stipulated upon issue.
The method of dividend payment may be by cash, issue of further shares or other securities, the grant of options or the transfer of other assets. Shares in a second company must be fully paid to be used as payments in specie. The difficulties that arise in relation to a payment in specie may be dealt with at the discretion of the directors, including:
 fixing the value of a specific asset;
 making cash payments on the basis of their valuation; or
 putting any cash or assets on trust for all relevant members.

Dividends may be distributed by the company paying a cheque to the address of the relevant shareholder as listed in the share register. Where the dividend is paid to joint holders, the address for payment shall be the address listed in the share register for the first named joint holder; unless all the joint holders indicate otherwise in a written request. Joint holders are bound if one of their numbers receives a distribution.

Dividends that are not yet claimed may be used by the company for its own benefit as stipulated in the Corporations Act.

[EduardoDeCastro]

http://1-media-cdn.foolz.us/ffuuka/board/vp/image/1380/97/1380970110562.jpg

From OP's Linkedin:

Advanced - Certificate of Graduation
Professional Selling InstituteLicense The Professional Art of Selling - by Graham Foster

[MPOE-PR]

Hi Stephen.

The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions.

This sort of statement is out of place. See here.

[BitHub]

Trent Churchill – Director

Trent has been mining crypto currency solidly for the last 2 years and has been operating Triple B Group full time since October 2012 and he joined Diamond Circle in Oct 2013. Trent has a long history in sales and promotional marketing in industries ranging from IT to automotive transport to entertainment. Trent brings a wealth of BTC mining, EMA trading and Securities exchange Asset design and operational knowledge.

I was talking to someone in Brisbane who has dealt with Trent before is it true he was a meth head and was selling meth on SR and was previously running a Mining OP where he ripped alot of people off and also threaten my contacts family and his kids? I just want to confirm its the right Trent Churchill.

[MrScrotes]

This sounds good.
please proceed.

[Stephen Rowlison]

We appreciate the critical analysis of our business, offer and recommendations.

>>"The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions." - Refers to my background and my Chairman's with respect to our experience in the financial services sector.

>>Dividend Policy
The statement is from our constitution.  If we hit our numbers for the quarter, it would make sense to declare a dividend.  Our major focus is on ATM's and Merchant POS.  This requires considerable R&D as compared with mining equipment which typically earns dividends once the power is applied.

>>Recent Changes to Director Positions
See updated information:
https://cryptostocks.com/securities/71

[mainline]

We appreciate the critical analysis of our business, offer and recommendations.

>>"The DC management and advisory team have extensive experience in the design, delivery and management of regulated financial institutions." ...

...but now the august financiers decided to raise some beer money in an unmanaged and unregulated financial institution.

[Stephen Rowlison]

Q. Is DC an unmanaged and unregulated financial institution?

A. Diamond Circle is enrolled with Austrac as a money services business. 

http://austrac.gov.au/

[loufiethecat]

Trent Churchill – Director

Trent has been mining crypto currency solidly for the last 2 years and has been operating Triple B Group full time since October 2012 and he joined Diamond Circle in Oct 2013. Trent has a long history in sales and promotional marketing in industries ranging from IT to automotive transport to entertainment. Trent brings a wealth of BTC mining, EMA trading and Securities exchange Asset design and operational knowledge.

I was talking to someone in Brisbane who has dealt with Trent before is it true he was a meth head and was selling meth on SR and was previously running a Mining OP where he ripped alot of people off and also threaten my contacts family and his kids? I just want to confirm its the right Trent Churchill.

No this is not true... The contact you speak of is jaded and slandering Trent on purpose. Yes Trent once upon a time smoked a little green... the mentioned contact would badger Trent relentlessly to give him smoke and travel with his 2 autistic children at all hours of the evening to Trent waiting for hours every time in the car even if no-one was home until Trent gave in.

Trent stopped smoking pot for chronic back pain and completely changed his life when he started to receive recognition for his work in BTC/LTC circles and treatment for a liver condition started. Trent was not happy with this persons behavior of dragging his children around to do these things and vocalized this to the person... This brought on a trolling war from hell on Twitter, localbitcoins and both forums. Trent has never sold substances and nor has he been on silk road ever.

With only $6000 AUD funded from the mining BOND initially and 95% of investors buying in at $7AUD per BOND the operation paid all original IPO investors back in monetary terms via the price corrections and force buy back. Anyone who bought Triple B Mining Bonds at above $20 each didn't give due diligence and really had no idea of the Bonds history, the market or a clue in investing smartly and had no right but stupidity to be investing there or claiming Trent owes them anything as they were shares bought from the order book from other share holders after the IPO was funded and had closed not from the IPO. Trent filled his contract eloquently and with care and enthusisam. One or 2 silly investors or idiots who just bought in after the IPO and all funding was spent deserve all the loss they will get... The bond paid the highest dividends per capita on the exchange ever in dollar value and frequency was near immaculate. Trent ripped no one off... fools who lost on bad choices may blame him for the exchange closing (beyond his control) though. The only threats ever made was to call the police and family services after the trolling and conditions the 2 young children of the contact mentioned were being subject too.

[Stephen Rowlison]

Trent Churchill is not a Director of Diamond Circle.

[BitHub]

It says on your website that he is. Also why is Trent talking to about himself in Third person. I smell alot of bullshit to be honest.

[BitHub]

Trent Churchill – Director

Trent has been mining crypto currency solidly for the last 2 years and has been operating Triple B Group full time since October 2012 and he joined Diamond Circle in Oct 2013. Trent has a long history in sales and promotional marketing in industries ranging from IT to automotive transport to entertainment. Trent brings a wealth of BTC mining, EMA trading and Securities exchange Asset design and operational knowledge.

I was talking to someone in Brisbane who has dealt with Trent before is it true he was a meth head and was selling meth on SR and was previously running a Mining OP where he ripped alot of people off and also threaten my contacts family and his kids? I just want to confirm its the right Trent Churchill.

No this is not true... The contact you speak of is jaded and slandering Trent on purpose. Yes Trent once upon a time smoked a little green... the mentioned contact would badger Trent relentlessly to give him smoke and travel with his 2 autistic children at all hours of the evening to Trent waiting for hours every time in the car even if no-one was home until Trent gave in.

Trent stopped smoking pot for chronic back pain and completely changed his life when he started to receive recognition for his work in BTC/LTC circles and treatment for a liver condition started. Trent was not happy with this persons behavior of dragging his children around to do these things and vocalized this to the person... This brought on a trolling war from hell on Twitter, localbitcoins and both forums. Trent has never sold substances and nor has he been on silk road ever.

With only $6000 AUD funded from the mining BOND initially and 95% of investors buying in at $7AUD per BOND the operation paid all original IPO investors back in monetary terms via the price corrections and force buy back. Anyone who bought Triple B Mining Bonds at above $20 each didn't give due diligence and really had no idea of the Bonds history, the market or a clue in investing smartly and had no right but stupidity to be investing there or claiming Trent owes them anything as they were shares bought from the order book from other share holders after the IPO was funded and had closed not from the IPO. Trent filled his contract eloquently and with care and enthusisam. One or 2 silly investors or idiots who just bought in after the IPO and all funding was spent deserve all the loss they will get... The bond paid the highest dividends per capita on the exchange ever in dollar value and frequency was near immaculate. Trent ripped no one off... fools who lost on bad choices may blame him for the exchange closing (beyond his control) though. The only threats ever made was to call the police and family services after the trolling and conditions the 2 young children of the contact mentioned were being subject too.

just saving this for future reference incase Trent tries to delete the posts. I really hope diamond circle doesn't endorse having someone on their team that engages in illegal activities. I think Diamond Circle should ask Trent Churchill to step down or this could lead to some serious trouble. Thanks i actually wanted to invest till i heard that Trent Churchilll was involved. Please do the right thing Diamond Circle.

[Stephen Rowlison]

I can personally assure everyone, Trent Churchill has no involvement with Diamond Circle.

[knownothing]

I wonder if we can get an update without waking the trolls...