tricomp
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Activity: 88
Merit: 10
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May 18, 2014, 10:37:05 PM |
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I gather from the content in this thread that you have 100,000 shares total , out of which you wish to sell 15,000 shares, with the first 2400 shares going for 0.008BTC/share. Meanwhile your info on https://angel.co/dunne-capital/fundraisingindicates that you have had $40,000 previous funding and you are trying to raise equity of $100,000. Could you just give a current update on the paid-up shares , reserve shares and shares already issued for the previous funding . Inaccurate numbers, my fault. Raised $10,000 out of my own money. Looking to raise $40,000 So you are trying to raise $40,000 via 15000 shares at 0.008 BTC/share. The balance of 85,000 shares is in reserve (unissued) , right? Or has any gone to some initial seed capital investors?
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MrWDunne (OP)
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May 18, 2014, 10:39:01 PM |
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I gather from the content in this thread that you have 100,000 shares total , out of which you wish to sell 15,000 shares, with the first 2400 shares going for 0.008BTC/share. Meanwhile your info on https://angel.co/dunne-capital/fundraisingindicates that you have had $40,000 previous funding and you are trying to raise equity of $100,000. Could you just give a current update on the paid-up shares , reserve shares and shares already issued for the previous funding . Inaccurate numbers, my fault. Raised $10,000 out of my own money. Looking to raise $40,000 So you are trying to raise $40,000 via 15000 shares at 0.008 BTC/share. The balance of 85,000 shares is in reserve (unissued) , right? Or has any gone to some initial seed capital investors? Correct. Its actually ~£20,000 but angel.co doesn't give that as an option. Potential seed investors are out there, nothing confirmed yet.
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tricomp
Member
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Activity: 88
Merit: 10
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May 18, 2014, 10:42:39 PM |
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I gather from the content in this thread that you have 100,000 shares total , out of which you wish to sell 15,000 shares, with the first 2400 shares going for 0.008BTC/share. Meanwhile your info on https://angel.co/dunne-capital/fundraisingindicates that you have had $40,000 previous funding and you are trying to raise equity of $100,000. Could you just give a current update on the paid-up shares , reserve shares and shares already issued for the previous funding . Inaccurate numbers, my fault. Raised $10,000 out of my own money. Looking to raise $40,000 So you are trying to raise $40,000 via 15000 shares at 0.008 BTC/share. The balance of 85,000 shares is in reserve (unissued) , right? Or has any gone to some initial seed capital investors? Correct. Its actually ~£20,000 but angel.co doesn't give that as an option. Potential seed investors are out there, nothing confirmed yet. Your $10,000 investment , is it part of the 15000 shares or is it treated differently?
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MrWDunne (OP)
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May 18, 2014, 10:50:45 PM |
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Treated differently. I founded the company so had the shares by default. I have put $10,000 into this and then I am selling 15%.
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tricomp
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Activity: 88
Merit: 10
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May 18, 2014, 11:09:16 PM |
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Treated differently. I founded the company so had the shares by default. I have put $10,000 into this and then I am selling 15%.
Got it. Is the BitcoinBourse.eu option for buying still active?
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MrWDunne (OP)
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May 18, 2014, 11:10:52 PM |
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Treated differently. I founded the company so had the shares by default. I have put $10,000 into this and then I am selling 15%.
Got it. Is the BitcoinBourse.eu option for buying still active? Technically, yes. I don't advise it though. In fact I would really rather you didn't. Counterparty and coloredcoins work great. Less sign up your end and less fees on my end too.
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MrWDunne (OP)
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May 19, 2014, 10:40:33 PM |
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Exchange demo will be available to see tomorrow.
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steyehn
Newbie
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Activity: 56
Merit: 0
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May 20, 2014, 12:43:21 PM |
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what happens when you cant raise the $40000 funds? will the launch still push thru or will it launch only after you raise the the said amount?
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MrWDunne (OP)
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May 20, 2014, 01:02:00 PM |
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what happens when you cant raise the $40000 funds? will the launch still push thru or will it launch only after you raise the the said amount?
The amount we need has gone down. We now need £7500 to launch. As stated, will have a demo available to see tonight hopefully. Its not finished but about a month away. We could launch with a fair bit less than that, but we would have to neglect things like security auditing which is obviously an awful idea. I'm not sure I would want to launch at all without a multi-tiered security audit.
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MrWDunne (OP)
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May 20, 2014, 08:03:48 PM |
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We plan to use a custom version of Crypto Capital's engine. Also utilizing their services for US and Canadian customers. If you want to try out their product check out demo.wlox.io
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steyehn
Newbie
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Activity: 56
Merit: 0
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May 21, 2014, 06:46:02 AM |
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the price per share is still .008 btc right? and if i use coinprism to buy some shares, i can still resell them later right?
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MrWDunne (OP)
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May 21, 2014, 12:42:59 PM |
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the price per share is still .008 btc right? and if i use coinprism to buy some shares, i can still resell them later right?
Yes and yes.
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badpeanut
Sr. Member
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Activity: 341
Merit: 251
Karma is a Btc
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May 22, 2014, 05:39:33 PM |
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Could you update use daily here or on your website how many shares are left. I think that would be very usefull for buyers
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MrWDunne (OP)
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May 22, 2014, 05:54:44 PM |
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Could you update use daily here or on your website how many shares are left. I think that would be very usefull for buyers
Enough, around 14,000. Not sold a huge amount.
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badpeanut
Sr. Member
Offline
Activity: 341
Merit: 251
Karma is a Btc
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May 22, 2014, 05:57:11 PM |
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Could you update use daily here or on your website how many shares are left. I think that would be very usefull for buyers
Enough, around 14,000. Not sold a huge amount. Thank you!
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MrWDunne (OP)
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May 22, 2014, 06:13:53 PM |
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Could you update use daily here or on your website how many shares are left. I think that would be very usefull for buyers
Enough, around 14,000. Not sold a huge amount. Thank you! Very welcome!
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MrWDunne (OP)
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May 23, 2014, 09:27:13 AM |
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We're now planning to weight dividends in our investors favor until we make ROI.
So if we sell 5% of our shares, you'll get ~20* the actual dividends - minus expenses of course.
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NotLambchop
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May 23, 2014, 12:22:13 PM |
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@MrWDunne: It's important not to seem desperate.
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MrWDunne (OP)
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May 23, 2014, 12:30:12 PM |
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@MrWDunne: It's important not to seem desperate.
True. Although its something I've seen with other companies and it seems like a good idea, from an investors perspective.
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NotLambchop
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May 23, 2014, 12:48:46 PM |
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The trick is not to constantly lower your goals. What happened to the exchange software your Satanist developer was working on? Exchange demo will be available to see tomorrow.
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