Locked due to trolls

[MRKLYE]

Welcome to the Klyemax Studios IPO

It has come to my attention that this IPO needs clarification, We are working on this.

This thread will be locked due to excessive trolling by someone's alt accounts.. Please feel free to use the new self moderated thread here: https://bitcointalk.org/index.php?topic=596471

What is Klyemax Studios?

Klyemax Studios is an adult entertainment start-up based out of central Canada.
Specializing in live adult cam shows and videos featuring female and male along with couples on webcam.
Planned web cam shows as well as pay per download recordings/features are the primary revenue streams.
Our goal is to provide a safe place for talent to come and show off their goods, while taking client requests live on cam.
We aim to achieve this through setting up potential talent into the industry, While coaching them along the way to meet success.
Recruitment of female and male talent has already begun, and we hope to add more talent to the roster as time goes on.
 
The plan is to use Bitcoin as the primary method of tipping and purchasing private shows.

Initially Klyemax Studios started out as a hobby venture between myself and one of my starlets.

After receiving over 1600+ viewers on the first show it was realized that an untapped market had been uncovered right on our doorsteps. The first show lasted ~4 hours and was very well received. Both male and female viewers tuned in and we achieved #6 on the top 10 list of most viewed cams at that time.

Unfortunately our account on the website we were using had not been verified and we had lost out on hundreds of dollars worth of tips from our viewers.

We had a few users tip us in Bitcoin though, which I thought was amazing.

The camera we used was off of my laptop, the picture quality was terrible, But people were honestly enjoying the live show and the interaction we were providing with the viewers. This was not your run of the mill cam-whoring session. This was as pure as adult entertainment gets!



Why the IPO?

Well to be completely honest with you, We'd like to bring the Klyemax experience to the next level!

We plan to run on the site chaturbate.com as well as myfreecams.com until the point in time we develop our own site and cam client. We understand that the live cam show business is extremely competitive and we must work our way to the top and create a healthy brand before venturing out with our own site. It will eventually happen, and we look forward to it, but as it sits right now it is best to build up a solid reputation and clientele base before going into the second phase which sees us build our website into a full fledged force to be reckoned with.

The purpose of this IPO is to be able to get proper HD webcams and microphones, Get computers and servers to be able to host and stream from, as well as be able to rent a multi roomed studio space for our talent to come to and work in securely and also to be able to get new "toys" and accessories for our talent to perform shows with. Not only does this IPO gear up the studio to provide a greater experience for its clients, it also allows Klyemax studios to begin developing its own adult entertainment website providing a place for Bitcoin users to come and fulfill their wants and desires via private shows.

I personally have experience in web design as well as in the security sector, including hands on work with various high definition remote controllable camera systems. The plan is to be able to implement this functionality into video/chat based clients for private shows and a more interactive experience with the featured talents. That being said I will be looking for a seasoned flash or HTML5 developer to work with to help develop both server-side and client side functionality.

We plan to use the initial phase 1 IPO funds to get the studio off of the ground:

-HD 1080 PTZ web cams allowing users and talent to move the camera by remote.
-Acquire smaller wireless cameras for extreme POV shots.
-Computers needed to stream to multiple sites simultaneously.
-Multi monitor setups to allow talent to track/interact with their clients over the many websites they are streaming on.
-High speed internet with bandwidth capable of streaming 1080 HD video as well as sound.
-Space to broadcast from as well as things to furnish the cam areas with.
-Business cards and advertisement calling in more talent and clients.
-Get the website up and running in beta for testing before official launch


The number details:

Basically the number game breaks down as such:

70% of the tips goes to the talent. (35%/35% split if 2 people on cam, 23.3%/23.3%/23.3% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

This includes all tips from live shows as well as any revenue made from private shows.

The average 2-4 hour show can net anywhere's between $100-$300+ worth of tips.
Substantially more if you find the right client willing to pay talent for private shows.
If we multiply the amount of cams on and talent working immensely revenue grows accordingly!

We expect the first few months to be slow revenue wise, as we build up what we need to stream properly.
A small amount of Talent is already on board but we are constantly recruiting.

It is expected we will be to project profits once show schedules and profit data is compiled in the future.


How can you get involved?

Klyemax Studio is currently selling shares for this business venture!

After speaking with a seasoned advisor we've revamped the IPO to allow for further expansion of Klyemax Studios.
We believe this revision will be beneficial to both the initial investors as well as the business's future.

A total of 250,000 shares are to be sold in this initial round.
These are initial investor voting shares.

This initial round of investment is to provide proof of concept, so to speak
We need the opportunity to prove that Klyemax Studios will generate revenue.

Once it has been proven the business model is concrete another IPO will be formed.
We plan to have this IPO hosted on Havelock Investments at a share price of 0.001BTC.
Only an additional 250,000 will be sold at this time.

Shares bought this round will be worth 10 times their face amount during second phase IPO.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25000 shares you would effectively get 1.5% of the tips until second phase IPO.
Klyemax Studios owns all unsold shares and dividends will be paid according to % of shares held.

The cost per a share is 0.0001 BTC
Only 250,000 shares will be sold this round.

You can purchase / trade shares here:

https://bitcointalk.org/index.php?topic=587709.new#new

Dividends will be paid out every Sunday to shareholders.
Once the show schedule is set up I should be able to project profits.
Shares never expire or go stale, you own your share until you choose to sell them.
Trading shares between users is fine as long as it is made clear in the buy/sell/trade thread posted above.


Investor packages:

Investor packages have been announced! Allowing you to buy yourself perks now (instead of paying top dollar later).
Depending on what tier you fall into with your amount invested you will receive perks!
The tiers stack, Meaning if you invest 0.50 BTC you would unlock the perks from the 1st, 2nd and 3rd tiers!

Tier 1: Supporter (>=0.05BTC)
Supporters receive moderator status in all Klyemax Studios cam rooms.
This will include the Klyemax Studios website cam rooms as well as MFC / chaturbate rooms featuring our talent.
(abuse of your moderator privilege allows Klyemax to retract your supporter status)

Tier 2: Privileged (>=0.20BTC)
Privileged investors receive special customized nameplates in the Klyemax Studios rooms.
It is planned that users will be able to purchase nameplates to stand out from the crowd.
Investors of this tier will receive all nameplates unlocked FREE when the Klyemax site opens.

Tier 3: Elite V.I.P (>=0.50BTC)
This tier opens up the world of the elite adult cam experience right to your finger tips.
Lifetime VIP membership for 1 account on Klyemax Studios website.
Preferred in queue for cam controls, Control what you see and move the camera!

Tier 4: Overseer (>=1.00BTC)
Overseers shall be given permission to add / delete rooms and moderate the upcoming website.
In addition to being given room creation privileges they will also have access to all revenue data.
This is an option best suited for serious investors interested in maximizing both their and Klyemax Studios revenue.

Tier 5: Porn Baron (>=2.50BTC) (maximum of 5 given out)
The tier name says it all. You sir (or madam) are an aspiring porn baron.
Only 5 Baron positions shall be given out and they act as co-owners to Klyemax Studios.
As porn baron it is your job to sit back, relax and watch our talent from your villa.
These are weighted voting positions and ultimately you get a solid say in the workings of Klyemax Studios.



Remember, all tiers stack on one another, Enabling all investor perks above it.
Tier 1 through 3 will be available for purchase when the site opens via web sales.
Tiers 4 and 5 are only available through initial IPO and are non-transferable.



Thank you for your interest in Klyemax Studios!

Any questions or concerns? Feel free to PM me here.
Alternatively email us at: klyemaxstudios@gmail.com
Or shoot us a Message on Skype: M_R_KLYE

Like us on FB:

https://www.facebook.com/klyemaxstudios

Hope to hear from you soon!

KLYE

[1715326355]

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[1715326355]

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[1715326355]

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[1715326355]

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[mikemikemike]

Welcome to the Klyemax Studios IPO

What is Klyemax Studios?

Klyemax Studios is an adult entertainment start-up based out of central Canada.
Specializing in live adult cam shows and videos featuring both female and couples on webcam.
We aim to provide a safe place for talent to come and show off their goods, while taking client requests live on cam.
Recruitment of female talent has already begun, and we hope to add more talent to the roster as time goes on.

The plan is to use Bitcoin as the primary method of tipping and purchasing private shows.

Initially Klyemax Studios started out as a hobby venture between myself and one of my starlets.

After receiving over 1600+ viewers on the first show it was realized that an untapped market had been uncovered right on our doorsteps. The first show lasted ~4 hours and was very well received. Both male and female viewers tuned in and we achieved #6 on the top 10 list of most viewed cams at that time.

Unfortunately our account on the website we were using had not been verified and we had lost out on hundreds of dollars worth of tips from our viewers.

We had a few users tip us in Bitcoin though, which I thought was amazing.

The camera we used was off of my laptop, the picture quality was terrible, But people were honestly enjoying the live show and the interaction we were providing with the viewers. This was not your run of the mill cam-whoring session. This was as pure as adult entertainment gets!



Why the IPO?

Well to be completely honest with you, We'd like to bring the Klyemax experience to the next level!

We plan to run on the site chaturbate.com until the point in time we develop our own site and cam client. We understand that the live cam show business is extremely competitive and we must work our way to the top and create a healthy brand before venturing out with our own site. It will eventually happen, and we look forward to it, but as it sits right now it is best to build up a solid reputation and clientele base before going into the second phase which sees us build our website into a full fledged force to be reckoned with.

The purpose of this IPO is to be able to get proper HD webcams and microphones, Get computers and servers to be able to host and stream from, as well as be able to rent a multi roomed studio space for our talent to come in and work in securely and also to be able to get new "toys" and accessories for our talent to perform shows with. Not only does this IPO gear up the studio to provide a greater experience for its clients, it also allows Klyemax studios to begin developing its own adult entertainment website providing a place for Bitcoin users to come and fufill their wants and desires via private shows.


The details:

Basically the number game breaks down as such:

75% of the tips goes to the talent. (37.5%/37.5% split if 2 people on cam, 25%/25%/25% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
10% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

This includes all tips from live shows as well as any revenue made from private shows.


How can you get involved?

Klyemax Studio is currently selling shares for this business venture!

A total of 250,000 shares are to be sold.

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25,000 shares you would effectively get 1.5% of the tips from every show ever done.

The cost per a share is 0.0001 BTC
Only 250,000 shares will ever be sold.

You can purchase / trade shares here:

https://bitcointalk.org/index.php?topic=587709.new#new

Dividends will be paid out every Sunday to shareholders.
Once the show schedule is set up I should be able to project profits.
Shares never expire or go stale, you own your share until you choose to sell them.
Trading shares between users is fine as long as it is made clear in the buy/sell/trade thread posted above.

Thank you for your interest in Klyemax Studios!

Any questions or concerns? Feel free to PM me here.
Alternatively email us at: klyemaxstudios@gmail.com

Hope to hear from you soon!

KLYE

this is amazing. i've always wanted to own part of a porn operation just for the bragging rights on a saturday night. my only concern is the same concern most people have with all securities, how do i know your not going to just take the investment money, buy yourselves a few nice cameras and after a show or two do a runner?

sorry this has to be the first question but its a serious concern.

also, how do you plan to bring in 'talent'?

really looking forward to investing in this project.

thanks.

[MRKLYE]

I am a DJ here in the city I live in.. Needless to say I know a lot of attractive girls.
Also previous management experience in a local security firm has groomed me for such a position.

I have brought up the idea of working with a few very pretty women I know.
So far I have a few girls on board, And they are excited at the opportunity!

I have no intention of running off with the funds, This will be very lucrative business and I plan to keep it running as long as my good looks and cock stay virile! Once my looks fades and the viagra no longer works I plan to retire frm the cams myself but keep the business running.
I also have a few male talents interested as well in being featured. I have no doubt in my mind that Klyemax Studios will be a success.

Klyemax Studios hopes to bring sexy home grown Canadians girls live to your monitor!

Thank you for your interest! Talk to you soon!

KLYE

[mikemikemike]

I am a DJ here in the city I live in.. Needless to say I know a lot of attractive girls.

I have brought up the idea of working with a few very pretty women I know.
So far I have a few girls on board, And they are excited at the opportunity!

I have no intention of running off with the funds, This will be very lucrative business and I plan to keep it running as long as my good looks and cock stay virile! Once my looks fades and the viagra no longer works I plan to retire frm the cams myself but keep the business running.

Klyemax Studios hopes to bring sexy home grown Canadian girls live to your monitor!

Thank you for your interest! Talk to you soon!

KLYE

would you be willing to give a copy of your ID to a third-party escrow service? they would only release it if you did decide to do a runner. This would give investors allot of peace of mind.

thanks.

[MRKLYE]

I am a DJ here in the city I live in.. Needless to say I know a lot of attractive girls.

I have brought up the idea of working with a few very pretty women I know.
So far I have a few girls on board, And they are excited at the opportunity!

I have no intention of running off with the funds, This will be very lucrative business and I plan to keep it running as long as my good looks and cock stay virile! Once my looks fades and the viagra no longer works I plan to retire frm the cams myself but keep the business running.

Klyemax Studios hopes to bring sexy home grown Canadian girls live to your monitor!

Thank you for your interest! Talk to you soon!

KLYE

would you be willing to give a copy of your ID to a third-party escrow service? they would only release it if you did decide to do a runner. This would give investors allot of peace of mind.

thanks.

Absolutely I would be willing to do this. I have no need to hide my identity nor do I want to.

[MRKLYE]

The IPO goes live in 9 minutes!

Any trusted escrow willing to take a copy of my ID card as mike said above?

[MRKLYE]

IPO IS LIVE!

https://bitcointalk.org/index.php?topic=587709.0

[BTCLotto]

I have a question, is the website live already ?

[MRKLYE]

I have a question, is the website live already ?

No, For the moment we will be using chaturbate.com to stream on as well as myfreecams.com. The webcam industry is very cut throat and it will be a month or two before (perhaps more) the site is ready to go live. Also Chaturbate/MFC has a huge amount of users daily. Increasing the amount of views and tips that Klyemax Studios will receive until we have a large enough customer base to branch off with.

[minerpart]

The IPO goes live in 9 minutes!

Any trusted escrow willing to take a copy of my ID card as mike said above?

1) You should have held off with the IPO until you had this safety measure in place. It's all very well saying you are happy to do it but you are a complete unknown entity with a sketchy proposition and zero verifiable background until you actually prove who you are.

2) So you are raising 25BTC? It doesn't sound like anywhere near enough to get a website off the ground and do the required advertising to pull in paying visitors. It would get you going with a few cam girls but unless you become exceptionally popular you won't make enough in day to day tips to repay investors or to fund your own  website and promote it.

3) I checked out chaterbate (purely in the course of research for this proposition) and the site and the home cam industry in general seems to be saturated. There is clearly no shortage of couples happy to suck and fuck on cam for small change. So until you get your own website I can't see you making a sufficient return for investors with this idea of paying an actress/yourself 75% then taking just 25% of the remaining tips for the business and investors. It seems most of the girls/couples scrape-by on taking 100% of the tips so how will the business grow with just 10% of the tips?

You are raising around 12kUSD and paying back at 15% so you need to raise around 100kUSD on the site in tips to pay back investors. I can't see many of the couples making 100k doing cams. They might make 5-10k I would imagine before the same user base gets tired of them and they move on to the next couple.

So if you can demonstrate that you can do some amazing shows and prove you can pull in some decent tips on a daily/weekly basis your proposition might be worth investing in - but you haven't done that. You need to be pull 100k off the site over lets say 3months to generate just 10k for the business to cover - rental, electric, equipment AND the production and promotion of a popular website. Good luck but I don't see it being a viable business.

btw - do shareholders get a free pass to the shows? Just askin.

[MRKLYE]

The IPO goes live in 9 minutes!

Any trusted escrow willing to take a copy of my ID card as mike said above?

1) You should have held off with the IPO until you had this safety measure in place. It's all very well saying you are happy to do it but you are a complete unknown entity with a sketchy proposition and zero verifiable background until you actually prove who you are.

2) So you are raising 25BTC? It doesn't sound like anywhere near enough to get a website off the ground and do the required advertising to pull in paying visitors. It would get you going with a few cam girls but unless you become exceptionally popular you won't make enough in day to day tips to repay investors or to fund your own  website and promote it.

3) I checked out chaterbate (purely in the course of research for this proposition) and the site and the home cam industry in general seems to be saturated. There is clearly no shortage of couples happy to suck and fuck on cam for small change. So until you get your own website I can't see you making a sufficient return for investors with this idea of paying an actress/yourself 75% then taking just 25% of the remaining tips for the business and investors. It seems most of the girls/couples scrape-by taking 100% of the tips so how will the business grow with just 10% of the tips?

You are raising around 12kUSD and paying back at 15% so you need to raise around 100kUSD on the site in tips to pay back investors. I can't see many of the couples making 100k doing cams. They might make 5-10k I would imagine before the same user base gets tired of them and they move on to the next couple.

So if you can demonstrate that you can do some amazing shows and prove you can pull in some decent tips on a daily/weekly basis your proposition might be worth investing in - but you haven't done that. You need to be pull 100k off the site over lets say 3months to generate just 10k for the business to cover - rental, electric, equipment AND the production and promotion of a popular website. Good luck but I don't see it being a viable business.

btw - do shareholders get a free pass to the shows? Just askin.

1. Well, I understand your concern. I am far from unknown on these forums or in BTC land. I do not hide my identity nor do I mean to. I will gladly give my ID to a trusted escrow to ease the minds of potential investors.

2. The website is a second phase venture. As it sits right now I am building up a brand and collecting followers and talent. I have a handful of girls (and guys) that are very interested in working with Klyemax studios. We will be using chaturbate until we achieve enough of a following to branch out on our own.. My first few shows netted 200+ followers. It is only a matter of doing shows and getting more exposure for the studio before that number grows ten fold! Followers = revenue.

3. Chaturbate is a great place to start camming. And I admit their are a lot of couples on there doing the nasty for small tips.. Where they lack though is customer pleasing, It's not just about fucking and sucking in my opinion. Lots of the potential clients want nothing more than to have a nice quick rub and tug and be gone. But many people crave to have conversation as well as watch you perform sex acts of their request. It's some sort of bond you make with your clientele that keeps them coming back.

I've run the numbers. And the studio needs to pull in 83K or so to break even for investors(considering porn is a multi billion dollar industry 83K is a paltry sum). Now if you put each show at 100-300$ and a few shows a day (or multiple shows going on at once with different cams) You soon realize that ROI is easily achievable. I am not talking about 1 girl or one couple doing shows here. I am talking about having 2-3 rooms set up and talent running shows whenever they are available. The end goal is to have a studio set up where talent can come in, Pay a small fee to rent the room for x amount of hours and provide them a safe clean place to show off their goods. Of course the studio pays them 75% of the tips / private show tips they earn and the rest is split between investors and the studio itself.

I do appreciate you bringing up your points sir, I too was leery until I started crunching numbers and it became clear this was feasible.


And Yes. Shareholders get the VIP treatment. Moderator status in the rooms. VIP status on the site when it gets launched.

[minerpart]

Lots of the potential clients want nothing more than to have a nice quick rub and tug and be gone. But many people crave to have conversation

Yes I agree with you there. You can see the same old from from untold numbers of couples on cams but the sort of performance aspect you are talking about where there is a rapport built up seems to be somewhat lacking. There could be a gap in the market. But you will need to find some great natural girls to make this work. Never been to central Canada so not sure what local talent base you have available there. This will certainly be one of the more interesting bitcoin startups to keep tabs on. 

[MRKLYE]

Lots of the potential clients want nothing more than to have a nice quick rub and tug and be gone. But many people crave to have conversation

Yes I agree with you there. You can see the same old from from untold numbers of couples on cams but the sort of performance aspect you are talking about where there is a rapport built up seems to be somewhat lacking. There could be a gap in the market. But you will need to find some great natural girls to make this work. Never been to central Canada so not sure what local talent base you have available there. This will certainly be one of the more interesting bitcoin startups to keep tabs on. 

For me the sex and the nudity is almost secondary.. What i have found is that most clients that my starlets and myself have catered to are more or less interested in having conversations, all while watching some playful foreplay by the talents or while requesting things that appeal to  a kink in their nature. Companionship of sorts can be given through camming.. And those are the type that keep coming back.

[howzar]

Klye the entrepreneur! I like it!

[MRKLYE]

Klye the entrepreneur! I like it!

I prefer the term "Erotic Entrepreneur"

[air139]

Kyle has been is paying me back for a loan. I personally have trusted him for about a whole coin and he hasn't abused that trust yet.

[MRKLYE]

Kyle has been is paying me back for a loan. I personally have trusted him for about a whole coin and he hasn't abused that trust yet.

Thank you for having my back Mr. Air139. I greatly appreciate it. In a few shows I'll hopefully be able to balance our ledger!

[MRKLYE]

Is any 3rd party trusted escrow willing to take a copy of my ID and hold onto it?

I mean to keep a certain level of transparency. But I will gladly give my phone number and a photo of my ID to a trusted member to hold onto for the sake of investors nerves.

[BayAreaCoins]

Is any 3rd party trusted escrow willing to take a copy of my ID and hold onto it?

I mean to keep a certain level of transparency. But I will gladly give my phone number and a photo of my ID to a trusted member to hold onto for the sake of investors nerves.

I have KLYES:

ID (though expired)
Address
Phone number

If KLYE tries to run off I am happy to release this to investors only.

[MRKLYE]

I have changed some of the business model after speaking with an adviser.
Current shareholders feel free to request a your funds back if you see the new revision as detrimental to your investment.

From this time forward any changes to the IPO or questions can and will be addressed on this thread.

The old business model was restrictive to company growth and had to be altered.
I view this change as not detrimental to initial phase investors, nor did I intend it to be so.

Please feel free to PM me if you have any questions or concerns.

Cheers,

Kyle.T

[MRKLYE]

I have been getting a lot of PM's and emails asking where the revisions in the IPO reside.

Basically, Instead of this being a 1 phase IPO it is now a 2 phase. This is to allow for growth of the initial startup.
Originally I had planed to distribute 250,000 shares @ 0.0001 BTC for a market cap of 25 BTC.
That would be more than enough to show proof of concept and get things going. But left no room for growth.

The second phase of this IPO will allow for the growth of the established Klyemax Studios. Allowing it expand rapidly.
250000 phase 2 shares will be sold on havelock (or another reputable trade platform) at a price of .001 BTC.

In addition to this, Initial investors shares (phase 1) will be held in as 10x their initial share count as phase 2 shares.

Hopefully this clarifies some questions.
Feel free to PM or email me if you have further questions.

Cheers,

Kyle.T

[twentyseventy]

I have been getting a lot of PM's and emails asking where the revisions in the IPO reside.

Basically, Instead of this being a 1 phase IPO it is now a 2 phase. This is to allow for growth of the initial startup.
Originally I had planed to distribute 250,000 shares @ 0.0001 BTC for a market cap of 25 BTC.
That would be more than enough to show proof of concept and get things going. But left no room for growth.

The second phase of this IPO will allow for the growth of the established Klyemax Studios. Allowing it expand rapidly.
250000 phase 2 shares will be sold on havelock (or another reputable trade platform) at a price of .001 BTC.

In addition to this, Initial investors shares (phase 1) will be held in as 10x their initial share count as phase 2 shares.

Hopefully this clarifies some questions.
Feel free to PM or email me if you have further questions.

Cheers,

Kyle.T

So there will be 2.5 Million Phase 1 shares, then? And 250,000 Phase 2 shares? This means that Phase 1 Investors will have their stake diluted by 10% if I'm reading it correctly.

And how far along are you with Havelock's application process?

Not an investor, just wondering out loud-

[Mrrr]

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Not an investor, just wondering out loud-

[MRKLYE]

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Not an investor, just wondering out loud-

Thank you for clarifying this Mrrr. I thought I had this written out more clearly.

[MRKLYE]

I have been getting a lot of PM's and emails asking where the revisions in the IPO reside.

Basically, Instead of this being a 1 phase IPO it is now a 2 phase. This is to allow for growth of the initial startup.
Originally I had planed to distribute 250,000 shares @ 0.0001 BTC for a market cap of 25 BTC.
That would be more than enough to show proof of concept and get things going. But left no room for growth.

The second phase of this IPO will allow for the growth of the established Klyemax Studios. Allowing it expand rapidly.
250000 phase 2 shares will be sold on havelock (or another reputable trade platform) at a price of .001 BTC.

In addition to this, Initial investors shares (phase 1) will be held in as 10x their initial share count as phase 2 shares.

Hopefully this clarifies some questions.
Feel free to PM or email me if you have further questions.

Cheers,

Kyle.T

So there will be 2.5 Million Phase 1 shares, then? And 250,000 Phase 2 shares? This means that Phase 1 Investors will have their stake diluted by 10% if I'm reading it correctly.

And how far along are you with Havelock's application process?

Not an investor, just wondering out loud-

I am on the fence still about using either havelock or Counterparty as one of the forum members have suggested to me earlier today.

[twentyseventy]

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Not true.

Originally, there were to be only 250,000 shares issued at .0001 each. This was supposed to be the maximum amount of shares issued, as explicitly stated by Klye here:

**Citing my sources as I go here, so bear with me on the long comment

How can you get involved?

Klyemax Studio is currently selling shares for this business venture!

A total of 250,000 shares are to be sold.

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25,000 shares you would effectively get 1.5% of the tips from every show ever done.

The cost per a share is 0.0001 BTC
Only 250,000 shares will ever be sold.

This makes a total of 25 BTC of capital to be raised. Therefore, a user that purchased 10,000 shares for 1 BTC (like BitHub) would own 10,000 / 250,000 = 4% of the revenue share.

I BitHub would like to buy 10,000 shares for 1 BTC. Dividend address: 1CGPxUjd82XNwMk1pJPimzumbxdkneKfZz

tx id https://blockchain.info/tx/72401ae43d280d73143b69f72b065553023d29b9a7c32ddfcae8f59060f7abfd

thanks and all the best.

BTC received. Adding you to the shareholder list.

You are now the #1 shareholder Bithub! Owning 4% of all shares available.

Thank you for your interest in Klyemax Studios!

Cheers,

Kyle.T

Even using Klye's own example from the Original IPO post, a user who purchases 25,000 shares out of the 250,000 will own 1.5% of all company revenue. (Revenue share is 15% to the investors; a user owning 25K out of 250K shares is 10% shareholder, 15% * 10% = 1.5%

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25,000 shares you would effectively get 1.5% of the tips from every show ever done.

SO, back to using BitHub as the example here (hope you don't mind, BitHub). BH has just purchased 10,000 shares and now contentedly owns 4% of the revenue share.

Now, Klye comes back and says - "Hey! Actually, I want to raise more money! Everyone from Phase 1 will get 10X the shares and then I'll have Phase 2 where there will be only 250,000 shares!"

Now, assuming that we make it to Phase 2, this means that there will be 2.5 Million shares from Phase 1 and 250K shares from Phase 2 = 2.75 Million shares.

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Thank you for clarifying this Mrrr. I thought I had this written out more clearly.

The strikeout emphasis is mine, since it is incorrect.

Now, would BitHub rather own 10,000 / 250,000 shares = 4% of the revenue share?

Or would he rather own 100,000 / 2,750,000 shares = 3.63636363% of the revenue share?

Clearly, any investor would prefer the former. So, there is dilution going on here despite Mr. Klye's initial promise that he would:

A) never sell more shares than 250K and,
B) never dilute the outstanding shares

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.

I've read and re-read the post, but I don't see where I could have miscontrued Klye's confirmation of Mrrr's comment.

If there are going to be 2.75 Million shares and current investors are only getting 10x shares, then they are getting a bad deal, especially since it was promised that there would be no dilution. What Klye should have done is up the Phase 1 offering to 2.25 Million Shares @ .0001 BTC (he'll have to live without that extra 2.5 BTC for now) and still increase investors' shares 10x, while holding the last 250,000 shares for the Phase 2 IPO.

That way, there are still 250,000 shares on hold for Phase 2 and current investors don't see any dilution.

[ABitInterested]

Good luck to the winners.

[Mrrr]

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Not true.

Originally, there were to be only 250,000 shares issued at .0001 each. This was supposed to be the maximum amount of shares issued, as explicitly stated by Klye here:

**Citing my sources as I go here, so bear with me on the long comment

How can you get involved?

Klyemax Studio is currently selling shares for this business venture!

A total of 250,000 shares are to be sold.

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25,000 shares you would effectively get 1.5% of the tips from every show ever done.

The cost per a share is 0.0001 BTC
Only 250,000 shares will ever be sold.

This makes a total of 25 BTC of capital to be raised. Therefore, a user that purchased 10,000 shares for 1 BTC (like BitHub) would own 10,000 / 250,000 = 4% of the revenue share.

I BitHub would like to buy 10,000 shares for 1 BTC. Dividend address: 1CGPxUjd82XNwMk1pJPimzumbxdkneKfZz

tx id https://blockchain.info/tx/72401ae43d280d73143b69f72b065553023d29b9a7c32ddfcae8f59060f7abfd

thanks and all the best.

BTC received. Adding you to the shareholder list.

You are now the #1 shareholder Bithub! Owning 4% of all shares available.

Thank you for your interest in Klyemax Studios!

Cheers,

Kyle.T

Even using Klye's own example from the Original IPO post, a user who purchases 25,000 shares out of the 250,000 will own 1.5% of all company revenue. (Revenue share is 15% to the investors; a user owning 25K out of 250K shares is 10% shareholder, 15% * 10% = 1.5%

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.
If you owned 25,000 shares you would effectively get 1.5% of the tips from every show ever done.

SO, back to using BitHub as the example here (hope you don't mind, BitHub). BH has just purchased 10,000 shares and now contentedly owns 4% of the revenue share.

Now, Klye comes back and says - "Hey! Actually, I want to raise more money! Everyone from Phase 1 will get 10X the shares and then I'll have Phase 2 where there will be only 250,000 shares!"

Now, assuming that we make it to Phase 2, this means that there will be 2.5 Million shares from Phase 1 and 250K shares from Phase 2 = 2.75 Million shares.

From what I read it is a 25BTC initial IPO for 250.000 shares (at 0.0001)
In the event of success a second IPO round will take place for 250BTC/ 250.000 shares (at 0.001)

Since initial shareholder's shares would count 10x, the total amount of shares would then be 2.750.000. So no dilution, but the opposite.

Thank you for clarifying this Mrrr. I thought I had this written out more clearly.

The strikeout emphasis is mine, since it is incorrect.

Now, would BitHub rather own 10,000 / 250,000 shares = 4% of the revenue share?

Or would he rather own 100,000 / 2,750,000 shares = 3.63636363% of the revenue share?

Clearly, any investor would prefer the former. So, there is dilution going on here despite Mr. Klye's initial promise that he would:

A) never sell more shares than 250K and,
B) never dilute the outstanding shares

No more will ever be created so you do not need to worry about your investment being diluted.

As an investor you will be entitled to what ever percentage of tips in relation to the shares you own.

I've read and re-read the post, but I don't see where I could have miscontrued Klye's confirmation of Mrrr's comment.

If there are going to be 2.75 Million shares and current investors are only getting 10x shares, then they are getting a bad deal, especially since it was promised that there would be no dilution. What Klye should have done is up the Phase 1 offering to 2.25 Million Shares @ .0001 BTC (he'll have to live without that extra 2.5 BTC for now) and still increase investors' shares 10x, while holding the last 250,000 shares for the Phase 2 IPO.

That way, there are still 250,000 shares on hold for Phase 2 and current investors don't see any dilution.

Well. First of all, disclaimer:

Not an investor, just wondering out loud-

(shit, think I'll print this on a T-Shirt

Second of all: yes OP should rewrite the offering to be a bit more clear. Because as it stands now you are completely right. Of course the 2nd round of shares would technically mean a 10% dilution, but I'd rather look at it as a 910% value increase for round 1 investors. I'm rather confident that Bithub (sorry Bithub) would rather own a 3.63% stake in a company that has the ability to expand rather than a 4% stake in a company that is, by contract, bound to finance any expansion through a meager 15% wanker tax while paying its contractors and shareholders an honest fee.

So OP should sit down and rewrite the IPO in such fashion that it reflects exactly what is being offered. I'm not betting my reputation here (if any in the first place) but it seems to me that OP is not acting out of malevolence. To me it seems OP just doesn't have a lot of experience in seeking public funding.

That's never an excuse of course, and OP should fix the IPO text. But don't burn him for that. I've seen worse IPOs on these boards seeking millions of dollars in funding rather than the 12000$ we're talking about here.

[E.Sam]

If there are going to be 2.75 Million shares and current investors are only getting 10x shares, then they are getting a bad deal, especially since it was promised that there would be no dilution. What Klye should have done is up the Phase 1 offering to 2.25 Million Shares @ .0001 BTC (he'll have to live without that extra 2.5 BTC for now) and still increase investors' shares 10x, while holding the last 250,000 shares for the Phase 2 IPO.

That way, there are still 250,000 shares on hold for Phase 2 and current investors don't see any dilution.

Or simply 11x current investor's shares instead of 10x :]

[twentyseventy]

Second of all: yes OP should rewrite the offering to be a bit more clear. Because as it stands now you are completely right. Of course the 2nd round of shares would technically mean a 10% dilution, but I'd rather look at it as a 910% value increase for round 1 investors. I'm rather confident that Bithub (sorry Bithub) would rather own a 3.63% stake in a company that has the ability to expand rather than a 4% stake in a company that is, by contract, bound to finance any expansion through a meager 15% wanker tax while paying its contractors and shareholders an honest fee.

So OP should sit down and rewrite the IPO in such fashion that it reflects exactly what is being offered. I'm not betting my reputation here (if any in the first place) but it seems to me that OP is not acting out of malevolence. To me it seems OP just doesn't have a lot of experience in seeking public funding.

That's never an excuse of course, and OP should fix the IPO text. But don't burn him for that. I've seen worse IPOs on these boards seeking millions of dollars in funding rather than the 12000$ we're talking about here.

Yeah, I don't have any vested interest in this, as I'm not a shareholder. It just struck me that some people weren't realizing that they were having their shares diluted and I wanted to ensure that I made that clear.

I don't blame Klye for wanting to raise additional capital, I just take issue with the fact that he promised not to dilute the shares and then did it just days afterwards. I don't think that there was malicious intent, but it is unfair to current investors in its current state.

Only hoping to improve the IPO terms here, not freak out and scream 'scam scam scam', because nothing causes people to close their ears and minds faster than that.

If there are going to be 2.75 Million shares and current investors are only getting 10x shares, then they are getting a bad deal, especially since it was promised that there would be no dilution. What Klye should have done is up the Phase 1 offering to 2.25 Million Shares @ .0001 BTC (he'll have to live without that extra 2.5 BTC for now) and still increase investors' shares 10x, while holding the last 250,000 shares for the Phase 2 IPO.

That way, there are still 250,000 shares on hold for Phase 2 and current investors don't see any dilution.

Or simply 11x current investor's shares instead of 10x :]

I thought about suggesting that!  It seemed less elegant that way though, haha.

[Mrrr]

Second of all: yes OP should rewrite the offering to be a bit more clear. Because as it stands now you are completely right. Of course the 2nd round of shares would technically mean a 10% dilution, but I'd rather look at it as a 910% value increase for round 1 investors. I'm rather confident that Bithub (sorry Bithub) would rather own a 3.63% stake in a company that has the ability to expand rather than a 4% stake in a company that is, by contract, bound to finance any expansion through a meager 15% wanker tax while paying its contractors and shareholders an honest fee.

So OP should sit down and rewrite the IPO in such fashion that it reflects exactly what is being offered. I'm not betting my reputation here (if any in the first place) but it seems to me that OP is not acting out of malevolence. To me it seems OP just doesn't have a lot of experience in seeking public funding.

That's never an excuse of course, and OP should fix the IPO text. But don't burn him for that. I've seen worse IPOs on these boards seeking millions of dollars in funding rather than the 12000$ we're talking about here.

Yeah, I don't have any vested interest in this, as I'm not a shareholder. It just struck me that some people weren't realizing that they were having their shares diluted and I wanted to ensure that I made that clear.

I don't blame Klye for wanting to raise additional capital, I just take issue with the fact that he promised not to dilute the shares and then did it just days afterwards. I don't think that there was malicious intent, but it is unfair to current investors in its current state.

Only hoping to improve the IPO terms here, not freak out and scream 'scam scam scam', because nothing causes people to close their ears and minds faster than that.

If there are going to be 2.75 Million shares and current investors are only getting 10x shares, then they are getting a bad deal, especially since it was promised that there would be no dilution. What Klye should have done is up the Phase 1 offering to 2.25 Million Shares @ .0001 BTC (he'll have to live without that extra 2.5 BTC for now) and still increase investors' shares 10x, while holding the last 250,000 shares for the Phase 2 IPO.

That way, there are still 250,000 shares on hold for Phase 2 and current investors don't see any dilution.

Or simply 11x current investor's shares instead of 10x :]

I thought about suggesting that!  It seemed less elegant that way though, haha.

Yup, I see what you mean. A mea culpa by MRKLYE is in order. Although I do believe the 'new' IPO terms are beneficial to all involved, and I believe that a 25BTC initial cap is modest to say the least. Share dilution can't just happen by decree no matter what the deal is. Fortunately we both don't have any vested interest in this. I'd still like to print that quote on a T-shirt though.

[Acidyo]

I thought this would get a lot more interest. To be honest I think it's a great idea and I'm saving some more btc to be able to buy more shares.

Not looking at the dilution, hope klye fixes it at some point so that it's equal for both phase 1 and 2, I really think this can take off with the right people involved and the right promotion (and I do trust klye and the people he will be working with to take good care of this project)
MFC sites are hard to work with if you want to become a regular and a "tipper" you have to buy credit for instance. You can't just send them dollars.

This is where btc would have an insane advantage. Seeing as how btc is rising in popularity and news day by day. This could really be a big deal when it explodes.

Also it would introduce new people to bitcoins on a daily basis.

[superbit]

Just as a follower, if it were me I could live with the small dilution presented if the new offering is at 10X the valuation!  However as per the "contract" some rewording is needed and OP already offered to refund any BTC from investors that invested before the re-wording and want out.  Seems fair to me.

[MRKLYE]

Hey folks. Have been busy today and not able to access the computer.

I want to apologize for the change in IPO.
I was not aware that dilution was going to place as twentyseven stated.

I do agree that the IPO needs to be written out more clearly, And I will begin working on a re-write.



The original business model left very very little room for startup growth. My hope is that this new revision is good for everyone.
I am willing to talk with all shareholders to get a bearing on what they want to happen.

[Chef Ramsay]

Any plans to do castings and build up the roster w/ different age ranges and ethnicities?

[MRKLYE]

Any plans to do castings and build up the roster w/ different age ranges and ethnicities?

Absolutely! Talent recruitment has already started.

[Dabs]

Can you explain, in 1 or 2 sentences, simplified, how this works? For example, I send you 1 BTC. What happens?

[MRKLYE]

Can you explain, in 1 or 2 sentences, simplified, how this works? For example, I send you 1 BTC. What happens?

You send 1BTC into the IPO, It is added to the other startup funds to be used to purchase equipment and studio space.
Dividends will be payed every sunday and the dividends are paid out according to how much the Studio makes and what % of shares you own.


Cheers!

Kyle.T

[dhenson]

Sorry KLYE, but I won't be able to sleep tonight if I don't say something. I really do wish you the best, but you need to be sure to be up front with people before they send you money for a project like this.

Before 'investing' in this IPO please do your DD.  KLYE has a VERY colorful past on this forum.  Begging for btc while claiming to live on the street.  Taking donated btc while gambling on just-dice. The list goes on and on.

The chances of this being a legitimate IPO with a chance of return is somewhere south of .0001%

https://bitcointalk.org/index.php?topic=300585.msg3222216#msg3222216

[MRKLYE]

Sorry KLYE, but I won't be able to sleep tonight if I don't say something.

Before 'investing' in this IPO please do your DD.  KLYE has a VERY colorful past on this forum.  Begging for btc while claiming to live on the street.  Taking donated btc and gambling on just-dice. The list goes on and on.

The chances of this being a legitimate IPO with a chance of return is somewhere south of .0001%

I am sorry you judge a man's future on the trials he's faced in the past..

dhenson, You yourself helped me when I was down on my luck, Providing me BTC to feed myself.
I find it quite odd that you aided me when I was down and yet try to get in kicks while I try to do something productive for myself and for those with vested interest. I am not claiming to be a saint nor will I even pretend to be, I'm starting up in the adult entertainment industry for christ sake..

I understand you wanting people to look into my history before investing. I welcome that in fact.
But this FUD post is a little below your normal sir, And I would like an apology for this attempt at discrediting what I plan to achieve.

Cheers,

Kyle.T

[BitHub]

Hello Klye i've just had a chance to recheck on this thread (been away for a few days) and noticed you've made some changes to the original IPO which i'm not terribly happy with.

I would like to quote you on saying this "I have changed some of the business model after speaking with an adviser.
Current shareholders feel free to request a your funds back if you see the new revision as detrimental to your investment."

 I would like to request a refund of my 1BTC back as i see the new revisions as detrimental to my investment and a bit misleading. Kindly return it to the BTC i sent it from "1CGPxUjd82XNwMk1pJPimzumbxdkneKfZz" No hard feelings and best of luck in the future.

[MRKLYE]

Absolutely sir, It was seen in the initial IPO written that the 25BTC investment restriction would have probably harmed the venture given the fact that it had no room left for other investors after proof of concept had been achieved along side revenue.

As the (ex)Highest shareholder may I ask exactly what parts of the new vision do not sit well with you?

I will glady refund your 1BTC. But for security measures can you sign that address so I can verify it is indeed you?

Cheers sir!

Kyle.T

[BitHub]

i'm not using the client so not really sure how to sign it but if you take a look at the blockchain of your address - https://blockchain.info/address/1KLYMXp2hiA8UTMRobkmkyw5st4Dbbvzjz and scroll down to the only 1BTC payment you have received you will see that it matches up with the bitcoin address i have requested refund for. https://blockchain.info/address/1CGPxUjd82XNwMk1pJPimzumbxdkneKfZz - It is also the same address i sent the original bitcoin from. This should be sufficient enough proof? 

[MRKLYE]

i'm not using the client so not really sure how to sign it but if you take a look at the blockchain of your address - https://blockchain.info/address/1KLYMXp2hiA8UTMRobkmkyw5st4Dbbvzjz and scroll down to the only 1BTC payment you have received you will see that it matches up with the bitcoin address i have requested refund for. https://blockchain.info/address/1CGPxUjd82XNwMk1pJPimzumbxdkneKfZz - It is also the same address i sent the original bitcoin from. This should be sufficient enough proof? 

Absolutely that works for me. Sending back now sir.

Cheers, Sorry to disappoint you with my revision.. It is for the best of investors and the venture in my eyes though.
Kyle.T

[BitHub]

fair enough like i said no hard feelings and wish you the best for the future.

[BitHub]

thank you its been received

[MRKLYE]

thank you its been received

No worries, I wish you luck on your future endeavors! I'll also hold those shares for 2 days for you for if you happen to reconsider.

Have a good day,

Kyle.T

[FastLoan4You]

Did you update the '215,885 / 250,000 Shares remaining!' ?

[MRKLYE]

Did you update the '215,885 / 250,000 Shares remaining!' ?

Ah sorry sir. Busy as heck right now doing meetings and researching equipment etc etc. Changing now!

[MRKLYE]

Perks added for initial investors! Check near the bottom of OP for details.

Tier 1 through 3 will be available on the website when it launches for BTC.

Tier 4 and 5 are only possible through this initial IPO opportunity.
They are non-transferable perks of being an early investor and I believe if we get the right people on board we will experience fast intense success!

Any questions or comments feel free to PM me or email: KlyemaxStudios@gmail.com

Cheers!

Kyle.T

[mikaeldice]

This venture seems to suffer from a lack of detail.  I'll try to list just a few items that I've thought up, though I'm certain there are many more.  The lack of a business plan and the shifting approach to investment (and your IPO terms) raise red flags of concern that you might not be well prepared for this project.

You monetary needs have changed and expanded, but you haven't provided a very detailed projection for your expenses.  You provided a list of things which could be expenses, but you didn't go into any detail on them.  How much do you expect to spend on each category?   What are the initial overhead and projected monthly expenses?  Once the overhead is paid, what are the ongoing expenses on a per-model basis?  What is the projected income?  How were these figures arrived at?   How many months of operation will these funds provide with no income if your targets are reached?  

You mention building your own site, but you haven't provided any details about it.  Is this a pay-for-membership site, or a token based tip and pay-per-view model?  You mention that you have 'experience in web design', but this is very vague.  'Web design' typically speaks to one specific part of a whole stack of systems.  Is this web design experience with building a user interface, or with actual web application development?  Does the experience include server management?  What technologies have you used in the past?  What specific past accomplishments can you point to which lend credibility to your experience and ability for this undertaking?  

You mention experience in the 'security sector', but again, this is very vague as security encompasses many domains and you did not provide specifics.  Was this security experience in software development (which software), access control, network, disaster recovery, compliance/auditing, physical, etc?  Specifically what experience do you have with security in regards to bitcoin, application development, and systems management?

What are the regulatory challenges to operating such a site in your jurisdiction?  For example, laws regarding the appropriate age of models and the recordkeeping to prove this, STD testing, 'safe sex practices' (eg, required condom usage in filmmaking), etc.

Tell us about your site's competitors;  what don't they understand about the industry that you do?  How will you improve upon their business model?   Since such a site suffers from the 'cold start' problem, where it won't be attractive to users until it already has a lot of users, tell us how you plan to solve this.  

Basically the number game breaks down as such:

70% of the tips goes to the talent. (35%/35% split if 2 people on cam, 23.3%/23.3%/23.3% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

I'm trying to understand how you will convince models to stay with you for any longevity.  

Let's take MFC as an example, as you list it as one of the sites you will broadcast on and it is generally better for its models than the other sites.  On MFC, the payout is $0.05 per token, on average 61% of the amount that the money they collect on token packages.  The 70% of that which you will pay drops the payment rate down to 42.7% of what the people watching the models are paying for their time.  It's very inefficient.

The draw to these sites for models is that they don't require a lot of setup.  It can be done anywhere..  in their bedrooms or living room.  Even a cheap webcam's broadcast quality is limited more by bandwidth than the webcam itself.  

I can see you maybe locating and introducing new models to the industry who aren't aware that they're giving up a significant portion of their income.  After a few weeks, though, they'll be very familiar with how the process works.  With the models that you do convince to try out this industry, what is going to prevent them from signing up under their own accounts and possibly taking away part of your audience?  Audience loyalty in such an industry is to the models themselves and not to the studios that employ them.

I have some concerns regarding the valuation here.  The terms aren't clear.  You're selling 250,000 now at 0.0001 for 25 BTC and will be selling 250,000 later at 0.001 for 250 BTC.  Is that correct?  What percentage of the company does this represent?  What are the total number of shares and how many shares do you own?  

Can you clarify exactly how you get paid in this?  Are you collecting dividends on the remaining shares or paying out a management fee as part of the 15% 'for costs related to running the business'?  If it is a fee, how much is it?

[tocoolforschool]

Why would people pay to use your service instead of the 1000000 other services doing the same thing ?
What sets yours apart ? And do not say hot girls. I'm sure the other providers have hot girls.

Confused as to how this can work. I do wish you all the best

[MRKLYE]

This venture seems to suffer from a lack of detail.  I'll try to list just a few items that I've thought up, though I'm certain there are many more.  The lack of a business plan and the shifting approach to investment (and your IPO terms) raise red flags of concern that you might not be well prepared for this project.

You monetary needs have changed and expanded, but you haven't provided a very detailed projection for your expenses.  You provided a list of things which could be expenses, but you didn't go into any detail on them.  How much do you expect to spend on each category?   What are the initial overhead and projected monthly expenses?  Once the overhead is paid, what are the ongoing expenses on a per-model basis?  What is the projected income?  How were these figures arrived at?   How many months of operation will these funds provide with no income if your targets are reached?  

You mention building your own site, but you haven't provided any details about it.  Is this a pay-for-membership site, or a token based tip and pay-per-view model?  You mention that you have 'experience in web design', but this is very vague.  'Web design' typically speaks to one specific part of a whole stack of systems.  Is this web design experience with building a user interface, or with actual web application development?  Does the experience include server management?  What technologies have you used in the past?  What specific past accomplishments can you point to which lend credibility to your experience and ability for this undertaking?  

You mention experience in the 'security sector', but again, this is very vague as security encompasses many domains and you did not provide specifics.  Was this security experience in software development (which software), access control, network, disaster recovery, compliance/auditing, physical, etc?  Specifically what experience do you have with security in regards to bitcoin, application development, and systems management?

What are the regulatory challenges to operating such a site in your jurisdiction?  For example, laws regarding the appropriate age of models and the recordkeeping to prove this, STD testing, 'safe sex practices' (eg, required condom usage in filmmaking), etc.

Tell us about your site's competitors;  what don't they understand about the industry that you do?  How will you improve upon their business model?   Since such a site suffers from the 'cold start' problem, where it won't be attractive to users until it already has a lot of users, tell us how you plan to solve this.  

Basically the number game breaks down as such:

70% of the tips goes to the talent. (35%/35% split if 2 people on cam, 23.3%/23.3%/23.3% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

I'm trying to understand how you will convince models to stay with you for any longevity.  

Let's take MFC as an example, as you list it as one of the sites you will broadcast on and it is generally better for its models than the other sites.  On MFC, the payout is $0.05 per token, on average 61% of the amount that the money they collect on token packages.  The 70% of that which you will pay drops the payment rate down to 42.7% of what the people watching the models are paying for their time.  It's very inefficient.

The draw to these sites for models is that they don't require a lot of setup.  It can be done anywhere..  in their bedrooms or living room.  Even a cheap webcam's broadcast quality is limited more by bandwidth than the webcam itself.  

I can see you maybe locating and introducing new models to the industry who aren't aware that they're giving up a significant portion of their income.  After a few weeks, though, they'll be very familiar with how the process works.  With the models that you do convince to try out this industry, what is going to prevent them from signing up under their own accounts and possibly taking away part of your audience?  Audience loyalty in such an industry is to the models themselves and not to the studios that employ them.

I have some concerns regarding the valuation here.  The terms aren't clear.  You're selling 250,000 now at 0.0001 for 25 BTC and will be selling 250,000 later at 0.001 for 250 BTC.  Is that correct?  What percentage of the company does this represent?  What are the total number of shares and how many shares do you own?  

Can you clarify exactly how you get paid in this?  Are you collecting dividends on the remaining shares or paying out a management fee as part of the 15% 'for costs related to running the business'?  If it is a fee, how much is it?

First off, thank you for your interest in Klyemax Studios.

Secondly, I appreciate you asking these questions and will answer them in this post.
I am well aware that the initial IPO post doesn't go into enough detail and I plan to add more detail in the upcoming hours/days.
Until then I will do my best to answer the questions and concerns you have mentioned above.

The phase 1 or initial investors IPO is to give investors an opportunity to help us acquire the necessary space and equipment needed to bring our live shows and videos up to professional standard. It also allows us to start development of our site (both front end and back end) as well as get domains registered, hosting in place etc etc. Our initial IPO was released with a market cap of 25BTC with no chance to acquire funds afterwords that would be used to rapidly expand the number of studios once we have proven ourselves a sustainable startup.
The second IPO is strictly for expansion of the company and it's outlets once we have proven ourselves profitable and able to maintain a happy customer base.

To further elaborate on this in this initial start up phase we plan to purchase HD 1080 webcams capable of servo driven PTZ movement. What this does is allows our talent to move their cameras via remote, But also our clients to be able to move the camera(s) as well. One of the main features that I want to bring to the forefront is the planned interaction between talent and client. Giving the user the ability to control a models cam not only takes the workload off the talent but also allows users a more custom tailored intimate experience.
We are currently looking at a number of different PTZ HD webcams as well as looking into Go-Pro cams as well for alternate angles and POV shots. Computers will need to be purchased or built and network infrastructure put in place to allow a truly HD video and sound experience. That being said the bandwidth needed to stream multiple HD cams to multiple sites is still being looked into and I will have a far better idea of monthly bandwidth and power expenses as I procure and set up the equipment.

As for talent pay and whatnot.. It is not up to myself to pay the talent. They are the ones that earn their money/tips by being charming/sexy online. Not all talent is created equal and it's hard for me to say exactly what any particular talent can bring in an hour until I can track revenue for a period of time and make predictions based off of that. As myself being someone who has done cam shows in the past on average depending on time of day and who is on cam with you performing I was easily netting $100-300 per a 2-4 hour session.
I expect with certain talent types you could easily double the tips/revenue. A large portion of adult cam based entertainment revenue comes from private shows as well. I plan to offer coaching to both male and female talents to maximize the tips they receive and in turn maximize the studio and investor's profit.

The website was initially planned to be built after we had thickened up the roster of talent available. After some thought I realized it would be best to start developing the website right away as the custom clients and server side things that need to be developed will take time and money to bring into reality. Our goal with the website is to provide the clearest picture and sound available to our clients while also giving the customer/client the ability to move the cameras to their liking (provided they have the right type of account subscription). The plan is to primarily run off of crypto currency for tipping and purchasing subscriptions as well as other extras the site will offer to allow users to stand out from one another. My own personal web design experience is primarily user interface as well as general layouts and themes. I've also experience with Flash based web apps but will probably look for a seasoned HTML5 developer over a Flash developer as it's more common across different platforms. The ability to purchase tokens in form of crypto has been discussed and will likely be implemented as well. As for my own web design endeavors very few stand these days, I believe my own personal site is in my profile but has not been updated for a while as I have been busy with other projects. I have done web design work for a few members on the forums here, Most notably the Drillbitsystem.com website around a year ago. As for backend / server side coding I have a few people in mind but do not yet have the capital to approach them with the offer. When the site first launches we plan to host it with a well known web host. But in time when we are ready to open up our first local studio the plan is to host our own website/servers. I myself have a small amount of experience running servers, But I have quite a few local IT guys that would come in and lend me a hand for next to nothing.

My security sector work includes building and designing wireless PTZ camera systems as well as management skills acquired through running the shops backend I worked at. I have also done security work for a few small towns as well as local hotels and events. Only in 1 instance have I ever had to call police and that was to report an alleged theft of money, which in the end turned out to have been hidden by the patron himself while he was black out drunk. I have also a notable amount of IT hands on work and would consider myself well versed in common operating systems and keeping them running securely.

I operate out of Canada, and as far as I know we have no regulation against this type of business in the province I live in.
All talents ID's are checked by myself personally and verified myself on the sites they will be using. All usernames and passwords for the account are kept in protected storage. At Klyemax Studios safe sex is the only sex, Although I do not enforce talent to wear protection as a general rule most talent gets tested every 3 months or more if they have promiscuous tendencies. With any close contact work with organisms the risk of infection is real and we will do everything we can to make sure no one gets hurt.

As for competitors, I cannot even call them that really.. I view them as stepping stones. As far as I know no site or group offers or plans to offer what I am trying to achieve with the Klyemax venture. Between the never before seen website functionality and the studios planned for larger population centers I believe we will establish ourselves as a go to brand in live adult entertainment for both talent and customers.

OK, As for keeping talent on board. I actually view that as one of the easier things. Sure, any person can take their $25 dollar webcam, hop online, show some skin and make some tips.. Everyone gets their start somewhere. The difference between your run of the mill cam girl and the girls (or guys) featured in the top 10 lists of popular sites is a simple matter of stage presence and being coached on proper cam etiquette. Lots of clients want nothing more than a pair of jugs to stare at for a few minutes while they do a quick rub and tuck. These clients aren't worth a whole hell of alot (or anything) tip wise generally. Where the real adult entertainment experience that I aim to provide and coach my talent to strive for is companionship. Your general cam watcher is a 18-40 year old single male who is watching the talent on cam because he is either horny or looking for companionship. Catering to both of the fundamental types of clients and having your talent be able to tell the difference is huge when it comes down to revenue and having your client maximize her earnings an hour. We may teach talent this and they may attempt to move onto greener pastures. The trick is to provide the talent the ability to broadcast better sound / video / lighting and experience through your studio to get them and their admirers to come back to do their shows with you.

As for the phase 1 IPO your numbers appear to be correct. I appologize my initial write up/proposal is vague at best and I will be going into further detail on it when I get the chance to edit it and compose my thoughts in a way that is easily understandable to potential investors.
250,000 x .0001 BTC = 25 BTC venture seeding fund. This is essentially the capital needed to get the things we need in place to make a business that generates revenue in a time frame acceptable to most investors.

The phase 2 IPO is planned to be offered once we have proven our start up profitable and will be used to expand and acquire more studio spaces and setups. Initially I only planned to try to spread across Canada, but it has come to my attention that branches of Kylemax Studio in other countries would be beneficial for the venture and for the clients. It is a matter of finding the right people to take on such a business abroad. The second IPO will be 250,000 x 0.001 BTC = 250 BTC. This will allow us more locations and more equipment. By time we are ready to launch phase 2 we will already be profiting on both the investor and studio side.

The initial write up of this IPO was flawed in the fact that it did not allow for investors to fund explosive growth after this venture is proved profitable. To fix that I spoke to a successful investor who frequents the forums and got me thinking. The only problem with a second round of shares is dilution of the first round shares..

To combat this. All sold shares in the initial phase 1 IPO will be turned into 10 of the phase 2 IPO shares.
Given the ask price of the second phase IPO being 0.001 it will be quite profitable for first round investors to stick around till phase 2.

Onto dividends. As it sits right now Klyemax is about 6 talents (including myself) who all pretty much started doing this hobbywise. I am actively recruiting talent locally and abroad. Many people do not know where to start. I do all the paperwork for them, coach them, GIve them a place to work if needed.

Primarily the tips from the talent as well as revenue made from private shows is taken in by the studio.

70% goes into the talents pocket, Regardless if they our using our equipment or theirs.
15% goes to investors. Which is then split by percentage of shares owned by any particular shareholder.
15% goes to Klyemax to pay the cost of running the studio. This also includes money for expansion. Also my wage.

I believe this to be fair to all parties, And for myself personally If I am on cam and making money for Klyemax I make a nice percentage. And I do plan to be on cam for a few more years until my boyish good looks fade. This started out as a hobby for me, Which I soon realized was a hobby that made money.. Which if done correctly on a large scale could get a very nice chunk of the Billion dollar porn industry.

An IPO clarification re-write is in order to help alleviate question load on myself and also to make my business plan easier understandable. I apologize for the vagueness of the initial write up and will try my best to take some of the fog this investments initial write up brought to investors.

I hope this has cleared up some of your questions. If I missed anything (and I'm sure I must have) please comment below or PM me.


Thank you for your interest in Klyemax Studios.

Cheers!

Kyle.T

[MRKLYE]

Why would people pay to use your service instead of the 1000000 other services doing the same thing ?
What sets yours apart ? And do not say hot girls. I'm sure the other providers have hot girls.

Confused as to how this can work. I do wish you all the best

tl:dr Interaction, Stream quality, crypto currencies and Ambition!

[twentyseventy]

This venture seems to suffer from a lack of detail.  I'll try to list just a few items that I've thought up, though I'm certain there are many more.  The lack of a business plan and the shifting approach to investment (and your IPO terms) raise red flags of concern that you might not be well prepared for this project.

You monetary needs have changed and expanded, but you haven't provided a very detailed projection for your expenses.  You provided a list of things which could be expenses, but you didn't go into any detail on them.  How much do you expect to spend on each category?   What are the initial overhead and projected monthly expenses?  Once the overhead is paid, what are the ongoing expenses on a per-model basis?  What is the projected income?  How were these figures arrived at?   How many months of operation will these funds provide with no income if your targets are reached?  

You mention building your own site, but you haven't provided any details about it.  Is this a pay-for-membership site, or a token based tip and pay-per-view model?  You mention that you have 'experience in web design', but this is very vague.  'Web design' typically speaks to one specific part of a whole stack of systems.  Is this web design experience with building a user interface, or with actual web application development?  Does the experience include server management?  What technologies have you used in the past?  What specific past accomplishments can you point to which lend credibility to your experience and ability for this undertaking?  

You mention experience in the 'security sector', but again, this is very vague as security encompasses many domains and you did not provide specifics.  Was this security experience in software development (which software), access control, network, disaster recovery, compliance/auditing, physical, etc?  Specifically what experience do you have with security in regards to bitcoin, application development, and systems management?

What are the regulatory challenges to operating such a site in your jurisdiction?  For example, laws regarding the appropriate age of models and the recordkeeping to prove this, STD testing, 'safe sex practices' (eg, required condom usage in filmmaking), etc.

Tell us about your site's competitors;  what don't they understand about the industry that you do?  How will you improve upon their business model?   Since such a site suffers from the 'cold start' problem, where it won't be attractive to users until it already has a lot of users, tell us how you plan to solve this.  

Basically the number game breaks down as such:

70% of the tips goes to the talent. (35%/35% split if 2 people on cam, 23.3%/23.3%/23.3% if 3 people on cam)
15% of the tips goes to the investors. (proportionately split up into % of shares owned by any given shareholder)
15% of the tips are kept by Klyemax Studio for costs related to running the business. (Space rental, electricity, etc etc)

I'm trying to understand how you will convince models to stay with you for any longevity.  

Let's take MFC as an example, as you list it as one of the sites you will broadcast on and it is generally better for its models than the other sites.  On MFC, the payout is $0.05 per token, on average 61% of the amount that the money they collect on token packages.  The 70% of that which you will pay drops the payment rate down to 42.7% of what the people watching the models are paying for their time.  It's very inefficient.

The draw to these sites for models is that they don't require a lot of setup.  It can be done anywhere..  in their bedrooms or living room.  Even a cheap webcam's broadcast quality is limited more by bandwidth than the webcam itself.  

I can see you maybe locating and introducing new models to the industry who aren't aware that they're giving up a significant portion of their income.  After a few weeks, though, they'll be very familiar with how the process works.  With the models that you do convince to try out this industry, what is going to prevent them from signing up under their own accounts and possibly taking away part of your audience?  Audience loyalty in such an industry is to the models themselves and not to the studios that employ them.

I have some concerns regarding the valuation here.  The terms aren't clear.  You're selling 250,000 now at 0.0001 for 25 BTC and will be selling 250,000 later at 0.001 for 250 BTC.  Is that correct?  What percentage of the company does this represent?  What are the total number of shares and how many shares do you own?  

Can you clarify exactly how you get paid in this?  Are you collecting dividends on the remaining shares or paying out a management fee as part of the 15% 'for costs related to running the business'?  If it is a fee, how much is it?

Great questions here, mikaeldice. My contact in the industry brought up many of the same concerns-

[MRKLYE]

Hopefully I at least scratched the surface of the questions with my post above. I apologize for the wall of text.. I am not the best at transferring my thoughts into easy to read text. My goal today is to provide a clearer outline of The initial OP. I do not plan to change share amounts or anything to do with the finances part of this. I do however plan to clarify my plan and try to figure out a way to project costs and profits.

Thank you for bearing with me guys.

Cheers,

kyle.T

[tocoolforschool]

I would be concerned if I was a share holder and saw you wrote a paragraph above and addressed this questioned with 6 or so words; However you did address it slightly above I suppose.

Have you seen competitor sites? It is 2014 mate, Stream quality is not a problem.
functionality, ok if you can do some thing new that will be great.
crypto currenancy: That seems to appeal to a small group. Some 50 yr old man isn't going to want to play with Crypto currencies if it stops him seeing porn faster. He just wants the porn. Same with an 18yr old..
Ambition.. don't answer questions with buzz words :p

I have experience managing the IT side of similar site a while back and from what I have read your secret weapon is going to be this functionality no one has seen before. You are going to have to pull off something amazing, and I hope you do

As  with any sites or job. If it was so easy EVERYONE would be doing it. Sites spend $10,000's a month on all sorts of fees. Obviously you would start up small and grow, and again your success is going to depend on this functionality you briefly speak of.

Don't take offense to this post. I am merely starting the obvious

Why would people pay to use your service instead of the 1000000 other services doing the same thing ?
What sets yours apart ? And do not say hot girls. I'm sure the other providers have hot girls.

Confused as to how this can work. I do wish you all the best

tl:dr Interaction, Stream quality, crypto currencies and Ambition!

[MRKLYE]

About the tl:dr answer.. I had just finished writing a wall of text.

I need to be more clear with my business plan is what I gather from this.
And the functionality needs to be spoken of, But not to the point where another dev can skunk my ideas before I can get funding to turn them into reality. :/

I know their are lots of talented people on this site. Lot's of seasoned investors and great coders.
Part of me fears releasing all of my plans for the camera client I plan to develop.. This is the internet.
Nothing would break my heart more than to explain step by step how the site will function only to have someone else scoop it from under me.

I am going to work on adding more details for investors as well as further outlining my business plan.

It has been a long 3 days and I have not slept much given the constant barrage of questions from potential investors.
I've had large investors drop out on me without given reasons.. I've had users attack me with FUD.
All and all at the end of the day I must keep my chin up and stay focused to see my dream manifest into reality.

I appreciate the interest and questions from everyone. I hope I can clear up things and make them apparent enough to potential investors so it makes sense to them.. But without giving away to much to where I leave myself exposed to plagiarism.

Cheers all,

Kyle.T

[FastLoan4You]

While you do indeed have a vague business plan, your competency running a business of any kind, especially in this highly competitive market, is not proven. The disproportionate amount of time you spend on Just-Dice chat, and your attitude expressed proves that this business venture will get nowhere. Only deadbeats and degenerates spend that much time on JD chat. You are not an exception to this rule.

In addition, the "real adult entertainment experience that I aim to provide and coach my talent" you claim to have is near worthless from a business perspective, just because you spend ages freeloading on cam sites. Your talent, assuming you have any (I currently believe on a balance of probabilities that this is an outright fabrication), will stop working for you as soon as they have made a name for themselves, assuming you actually do have talent signed up which is not proven.

And yes, I have experience in the adult entertainment / camming industry.

Anyone who invests in this business is quite frankly an idiot.

90%++ of investments offered in this forum loses money. I am serious - more than 9 in 10 investments here are unprofitable. This business venture will not be an exception.

[FastLoan4You]

https://i.imgur.com/QAVHYD0.jpg

Here is the formerly homeless (but have fast internet, laptop with recharging, and has time to beg on Bitcointalk and Just-Dice chat) person, you are investing donating to.

[FastLoan4You]

I believe your securities offering and IPO may be in breach of Securities Act (C.C.S.M. c. S50) in Manitoba, Canada.

Section 37(1):

No person or company shall trade in a security, either on his own account or on behalf of any other person or company, where the trade would be in the course of primary distribution to the public of the security, until there has been filed with the commission both a preliminary prospectus and a prospectus in respect of the offering of the security and receipts therefor obtained from the director.

Can you please provide me with a copy of the two required prospectuses, filed with the MSC? I am unable to find them, and yet it appears that you are currently conducting an IPO. Do I need to contact their investigators and enforcement team, with full details of you, or will you refund everyone's money and scam somewhere else?

Oh, and there's no use trying to pull a fast one:

http://www.webcitation.org/6PHvYotAZ

[Chef Ramsay]

^Burglar of butts

[space_whale]

I believe your securities offering and IPO may be in breach of Securities Act (C.C.S.M. c. S50) in Manitoba, Canada.

Section 37(1):

No person or company shall trade in a security, either on his own account or on behalf of any other person or company, where the trade would be in the course of primary distribution to the public of the security, until there has been filed with the commission both a preliminary prospectus and a prospectus in respect of the offering of the security and receipts therefor obtained from the director.

Can you please provide me with a copy of the two required prospectuses, filed with the MSC? I am unable to find them, and yet it appears that you are currently conducting an IPO. Do I need to contact their investigators and enforcement team, with full details of you, or will you refund everyone's money and scam somewhere else?

Oh, and there's no use trying to pull a fast one:

http://www.webcitation.org/6PHvYotAZ

Nobody is running a scam. The only scam is your propaganda bullshit.

Your half wits is on alt accounts instigating nonsense on other people's projects. Instead of guidance, you preach digression. And I have absolutely no respect for that. As a business man, all i have to say is fuck you.. 

This is a venture where klye receives tips for crushing pussy on a camcorder. Who the hell are you to say that that cant happen.

[MRKLYE]

While you do indeed have a vague business plan, your competency running a business of any kind, especially in this highly competitive market, is not proven. The disproportionate amount of time you spend on Just-Dice chat, and your attitude expressed proves that this business venture will get nowhere. Only deadbeats and degenerates spend that much time on JD chat. You are not an exception to this rule.

In addition, the "real adult entertainment experience that I aim to provide and coach my talent" you claim to have is near worthless from a business perspective, just because you spend ages freeloading on cam sites. Your talent, assuming you have any (I currently believe on a balance of probabilities that this is an outright fabrication), will stop working for you as soon as they have made a name for themselves, assuming you actually do have talent signed up which is not proven.

And yes, I have experience in the adult entertainment / camming industry.

Anyone who invests in this business is quite frankly an idiot.

90%++ of investments offered in this forum loses money. I am serious - more than 9 in 10 investments here are unprofitable. This business venture will not be an exception.

The opinions of a freshly created loan shark account have little to no effect on me or my outlook on this business venture.
I appreciate the free bump and the opportunity to make you look like a mongol when my venture takes off and squishes your "experience".

Anyone who types in big bold letters to get a point across frankly an idiot.

If you have any constructive criticism I will glady hear it, But this FUD crap is simply un-needed. Please point yourself outside the door as you are not welcome to trash my startup venture.

[MRKLYE]

I believe your securities offering and IPO may be in breach of Securities Act (C.C.S.M. c. S50) in Manitoba, Canada.

Section 37(1):

No person or company shall trade in a security, either on his own account or on behalf of any other person or company, where the trade would be in the course of primary distribution to the public of the security, until there has been filed with the commission both a preliminary prospectus and a prospectus in respect of the offering of the security and receipts therefor obtained from the director.

Can you please provide me with a copy of the two required prospectuses, filed with the MSC? I am unable to find them, and yet it appears that you are currently conducting an IPO. Do I need to contact their investigators and enforcement team, with full details of you, or will you refund everyone's money and scam somewhere else?

Oh, and there's no use trying to pull a fast one:

http://www.webcitation.org/6PHvYotAZ

Good thing we aren't worried about the MSC nor your poorly thought out FUD attack.
To be completely honest I think you might be a competing cam site operator who isn't pleased to see a rival emerging from BTC land.
Given the fact that BTC is not considered currency in Canada yet (grey area) and I am not listed on an exchange I don't see it an issue.
When phase 2 goes and we are listed on an exchange, Then perhaps I will look into MSC laws. But at this time, no.
I have left all investors the chance to sell back their shares at any time for a full refund.

Kyle.T

[MRKLYE]

Here is the formerly homeless (but have fast internet, laptop with recharging, and has time to beg on Bitcointalk and Just-Dice chat) person, you are investing donating to.

Ah, Look at my broken glasses. :/ That was hard times. That particular picture was taken in the entrance of an apartment complex where I warmed up one night and charged my laptop. The short hair and the broken glasses do attest to the nerd I am.

Now we move forward in time, Grow the hair out, lose the glasses for contact, get a place to live..

Then things like this start happening: http://imgur.com/a/SVIg8 <-- NSFW

So I decide to go balls deep with the idea, furthering it to include more talent and a better experience for the viewers.
The idea of Klyemax is born.. Now here we are.


Cheers,

Kyle.T

[NotLambchop]

From homeless to camwhore -- teh Bitcoin fairy tale.

Follow that dream!

[MRKLYE]

From homeless to camwhore -- teh Bitcoin fairy tale.

Follow that dream!

I prefer the term erotic entrepreneur as cam whore can be viewed as derogatory.
Hence why I use the word talent as well.. Whores do not like being called whores..

[NotLambchop]

From homeless to camwhore -- teh Bitcoin fairy tale.

Follow that dream!

I prefer the term erotic entrepreneur as cam whore can be viewed as derogatory.
Hence why I use the word talent as well.. Whores do not like being called whores..

Bro, you're a degenerate gambler -- who cares what your pig prefers?   You can't even fap to camwhores without having a JustDice tab open.  BTW, what's that porker's talent?

[MRKLYE]

From homeless to camwhore -- teh Bitcoin fairy tale.

Follow that dream!

I prefer the term erotic entrepreneur as cam whore can be viewed as derogatory.
Hence why I use the word talent as well.. Whores do not like being called whores..

Bro, you're a degenerate gambler -- who cares what you prefer?   You can't even fap to camwhores without having a JustDice tab open.  BTW, what's that porker's talent?

These are screencaps from a JD user that was watching. As you can see I am clearly busy with the "porker".
Her talent? Amazing tits and loves anal.

And for the record I'm also a degenerate porn star too. Are we just stating things that are obvious or was that some terrible attempt at hurting my feelings?

[NotLambchop]

Eww!  Bestiality!  

[MRKLYE]

Eww!  Bestiality!  

Brony alert.

Why are you judging girls when clearly you are more attracted to Tom or Dick?
It's easy for you to sit their and make fun of things that you do not possess the ability to do.
But at the end of the day your childish trolling attempt is just free advertising for this Thread.

*golf clap*

[NotLambchop]

Nah, bro, don't be offended, you're every mom's dream come true!  I'd be pretty frickin' proud to have a kid who camwhored for money he gambled away.

Ur awesome, and so's your talented pig! 

[Benny1985]

FWIW, given the negativity that is involved in pornography, I would suggest researching all pertinent laws regarding securities, regulations, and the like. You can try excuses about how your government may or may not view Bitcoin, but doing proper research and DD into laws is what a real entrepreneur/CEO does.

It may not be a lot of money to you, but the government can turn your potentially lucrative business into a nightmare if they wanted to, because you're paring up three grey areas - unregistered securities, Bitcoins, and porn.

Don't skirt the laws - you could make a lot of people rich from this venture, including yourself. Or you could lose it all. Doing things by the books is always good!

[FastLoan4You]

Good thing we aren't worried about the MSC nor your poorly thought out FUD attack.
To be completely honest I think you might be a competing cam site operator who isn't pleased to see a rival emerging from BTC land.
Given the fact that BTC is not considered currency in Canada yet (grey area) and I am not listed on an exchange I don't see it an issue.
When phase 2 goes and we are listed on an exchange, Then perhaps I will look into MSC laws. But at this time, no.
I have left all investors the chance to sell back their shares at any time for a full refund.

Kyle.T

Your lack of understanding of securities laws is astonishing. 'Trade' does not only refer to selling shares for legal tender, but for ANY 'valuable consideration':

"trade" includes (a) any sale or disposition of or other dealing in or any solicitation in respect of a security for valuable consideration

Your defense of "Given the fact that BTC is not considered currency" is simply wrong and will not stand any in court in relations to securities act violations. The defense may apply to other legislative frameworks such as operating Bitcoin <-> CAD ATMs without registration, but the definition of trade in the securities act is sufficiently broad to include Bitcoin.

Your additional defense of "I am not listed on an exchange" is also irrelevant, as the offerings of any security or solicitation of any investment investment is generally regulated under the Securities Act.

I recommend reading through the laws of your jurisdiction.

You may also wish to contact the Manitoba Securities Commission to clarify the regulations that applies to your offering, which I allege that you have broken. Their toll free number is 1 (800) 655-5244. You may be inclined to stop soliciting for investments, and refund all invested Bitcoins back to their dividend address.

In absence, I can contact some members from the enforcement department.

[Sydboy]

haha your a businessman. right. Why is your first post asking for a loan ? Business not going so well ?

I believe your securities offering and IPO may be in breach of Securities Act (C.C.S.M. c. S50) in Manitoba, Canada.

Section 37(1):

No person or company shall trade in a security, either on his own account or on behalf of any other person or company, where the trade would be in the course of primary distribution to the public of the security, until there has been filed with the commission both a preliminary prospectus and a prospectus in respect of the offering of the security and receipts therefor obtained from the director.

Can you please provide me with a copy of the two required prospectuses, filed with the MSC? I am unable to find them, and yet it appears that you are currently conducting an IPO. Do I need to contact their investigators and enforcement team, with full details of you, or will you refund everyone's money and scam somewhere else?

Oh, and there's no use trying to pull a fast one:

http://www.webcitation.org/6PHvYotAZ

Nobody is running a scam. The only scam is your propaganda bullshit.

Your half wits is on alt accounts instigating nonsense on other people's projects. Instead of guidance, you preach digression. And I have absolutely no respect for that. As a business man, all i have to say is fuck you.. 

This is a venture where klye receives tips for crushing pussy on a camcorder. Who the hell are you to say that that cant happen.

[Sydboy]

You should call up on his behalf if he does not.
I am sure he would appreciate the help!

Good thing we aren't worried about the MSC nor your poorly thought out FUD attack.
To be completely honest I think you might be a competing cam site operator who isn't pleased to see a rival emerging from BTC land.
Given the fact that BTC is not considered currency in Canada yet (grey area) and I am not listed on an exchange I don't see it an issue.
When phase 2 goes and we are listed on an exchange, Then perhaps I will look into MSC laws. But at this time, no.
I have left all investors the chance to sell back their shares at any time for a full refund.

Kyle.T

Your lack of understanding of securities laws is astonishing. 'Trade' does not only refer to selling shares for legal tender, but for ANY 'valuable consideration':

"trade" includes (a) any sale or disposition of or other dealing in or any solicitation in respect of a security for valuable consideration

Your defense of "Given the fact that BTC is not considered currency" is simply wrong and will not stand any in court in relations to securities act violations. The defense may apply to other legislative frameworks such as operating Bitcoin <-> CAD ATMs without registration, but the definition of trade in the securities act is sufficiently broad to include Bitcoin.

Your additional defense of "I am not listed on an exchange" is also irrelevant, as the offerings of any security or solicitation of any investment investment is generally regulated under the Securities Act.

I recommend reading through the laws of your jurisdiction.

You may also wish to contact the Manitoba Securities Commission to clarify the regulations that applies to your offering, which I allege that you have broken. Their toll free number is 1 (800) 655-5244. You may be inclined to stop soliciting for investments, and refund all invested Bitcoins back to their dividend address.

In absence, I can contact some members from the enforcement department.

[MRKLYE]

Hmm. I take a day off of the forums and come back to see two people circle jerking each other over government regulations.. As people who are supposed to be bitcoin users (which is essentially cyber punk pirate money at this point) I find this quite hilarious.

Please feel free to send your unregulated BTC to anyone here on the forums. As it is apparent to me that your fear of grey areas regarding complete compliance with regulations hasn't left you with enough spine to deserve/use Bitcoin.

While your at it have an RFID chip installed and have your testicles removed. We do not need you passing on your complaint sheepish nature to a next generation.

[MRKLYE]

This thread will be locked due to excessive trolling by someone's alt accounts.. Please feel free to use the new self moderated thread here: https://bitcointalk.org/index.php?topic=596471

Sorry if this is an inconvenience to anyone. I simply do not have the time to deal with dickheads trolling while I try and get everything ordered and shows going.

Cheers,

Kyle.T