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Author Topic: Looking for a possibly large loan to cover expansion  (Read 1123 times)
shakaru
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September 20, 2011, 08:03:40 AM
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After spending a large amount of though, I've come to consider a large upgrade to my mining contracts so I can push another 20-40ghs out the door. Only thing is I would need some investors. This is in no way a formal proposal, but just a test of the waters to see what other options are open to my company. Pm with any info if you care.

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bitfoo
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September 20, 2011, 09:53:11 AM
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Why not raise more capital through the GLBSE?

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September 20, 2011, 10:26:01 AM
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i might be interested in a large capacity contract depending on the terms... reading your literature now...
shakaru
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September 20, 2011, 04:39:01 PM
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Why not raise more capital through the GLBSE?

We just opened SDM.LEVA which is a dividend paying fund with high expected high yeild.

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September 20, 2011, 11:55:52 PM
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How much are you looking for? And for how long would the loan be out?

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September 21, 2011, 04:31:54 AM
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I'd be willing to invest some.
shakaru
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September 21, 2011, 05:26:05 AM
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For the moment, if anyone wants to invest while I crunch numbers on what is required for maximum profit here and address the current construction that is going on, I suggest you look at the SDM.LEVA shares on GLBSE. They pay dividend based on machinery yet to be assigned and pay very handsomely for 6mo dividends. near 40-65%@ 6mo, full return plus profit at 12mo through dividend payout. Check it out.

shakaru
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September 21, 2011, 04:43:22 PM
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Loan should be around $1500usd of btc, be repaid in payments over 6-9 mo with interest rate set through negotiation.
This is still just a feeler being tossed out right now but serious reply are appreciated.

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September 25, 2011, 08:57:08 AM
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Ok, so I have a meeting with the people I am going in on the office with tomorrow. Looking for 1200usd (or btc) for 3mos. Terms on discussion.

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September 28, 2011, 12:07:41 AM
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Well the sum is not too large and will not be a big risk for us and if enough people are interested, we will certainly have economy of scale when doing bitcoin mining.  Quite an interesting proposal, I am sure interested.
shakaru
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September 28, 2011, 08:11:06 AM
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Ok, so I officially am seeking this. I have found a brick and mortar location where I am currently taking in offers to share the space with other bitcoin related businesses (So far we have interest for an exchange desk and I also will be deploying my Bitcoin ATM too). Power is included in utilities and if it becomes an issue, we do have the remote location a few blocks away known as my house that will be having power provided at discount rate.
Like I said, roughly about 320 btc at current value is needed and would like to start repayment in 6mo. Willing to work out some interest on this to make it a worthwhile deal, but I would like to keep it friendly so that bitcoin can take off further. Feel free to comment in the thread or pm me.

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September 28, 2011, 11:45:41 PM
 #12

The USD1500 you are accepting as a loan or an investment?
shakaru
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September 29, 2011, 03:43:21 AM
 #13

The USD1500 you are accepting as a loan or an investment?

Well the smart thing to do would be take it as a loan because all ties are cut at the end of the deal. However, due to the nature of the game, I would consider it for investment. If this were the case, the loan investment would be equal to that of the hardware, collected holdings, contract holdings and salary for myself and any other assets that SDM currently owns. An investment of 1500 wouldn't match up to that at all, but would still be a % take.
I will say thing. I am willing to look for an larger or group investment providing discussion voice to voice (phone) to get an understanding for what is going on here and to discuss details I wish to remain private.
I do want to move forward on this as quickly as possible. I could have made a killing if I started SDM months before and dont really want to do that again.


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