[Dotsforbits]IPO->Closed, money will returned.

[mikaeldice]

What, specifically, do you plan to spend our money on?

Hello!
Development, marketing and initial day to day operational costs of course.

You mentioned building this yourselves, as part of the 75% ownership stake you deserve, so I don't see much in the way of development costs.  This is a lot of money to spend on servers.. and you don't have a product to show us yet.  Are you planning on using the money to pay yourselves while you develop the project?  Spending it on advertising?  Speculating on domains?

Yes, we are building it ourselves, but we also hire in people to the tasks we are not professionals at.
 In the first months of operations we will have a 7 man staff that will obviously need wages.
Servers are just a tiny part of the costs. Design, branding and marketing is where the big costs come in. We are very confident in our product, but for the product to be used it needs aggressive marketing.

We do have a lot of this product done already, but it's codes. Do you read codes?

I will definitely be skipping this one.

[Uniqueorn]

I will definitely be skipping this one.

That's obviously your choice This is a long term investment in a serious business, not a altcoin that you hope to see double overnight.
Either we raise the minimum or we don't. If we don't then everyone gets their money back anyway.

[Bitventurer]

Trades on NXT Asset Exchange:

Date                    Quantity   Price   Total   Ask Order ID   Bid Order ID
23/05/2014 06:53:42   20   15   300   2555379443853192087   11727285596300236855
22/05/2014 21:56:14   22   15   330   2555379443853192087   8764624237745144266
22/05/2014 17:09:12   3.9   15   58.5   2555379443853192087   3390670659353777263
21/05/2014 22:26:03   825   15   12375   2555379443853192087   14510491729189199352
21/05/2014 20:43:23   100   10   1000   7814381488664814077   266059960570006912
21/05/2014 17:44:32   60   15   900   2555379443853192087   18006595740117300130
20/05/2014 22:23:55   515   15   7725   2555379443853192087   9927566491263640268
20/05/2014 22:22:45   177   14.99   2653.23   729980586275634453   6778810482365239991
20/05/2014 13:35:23   13   14.99   194.87   729980586275634453   1654892209305408764
20/05/2014 04:57:42   10   14.99   149.90   729980586275634453   3852553530822918106
19/05/2014 05:34:38   558   15   8370   2555379443853192087   336905780498006625
18/05/2014 18:51:43   100   15   1500   2555379443853192087   15912724739910570658
18/05/2014 10:45:17   5   7.5   37.5   4102407251097554970   7478372152232129055
18/05/2014 10:45:17   26   7.5   195.0   2634029953385496789   7478372152232129055
18/05/2014 10:39:37   250   10   2500   15100084521768204974   14913555811762198541
18/05/2014 07:56:50   9   12.5   112.5   4423110548433953993   11078439009378582710
18/05/2014 07:08:21   100   15   1500   2555379443853192087   17981470032954925009
18/05/2014 07:02:38   200   15   3000   2555379443853192087   16701425257296826539
17/05/2014 20:13:59   3000   15   45000   2555379443853192087   1599888154733985073
17/05/2014 20:10:51   146   14.5   2117.0   4403530343478248765   11505154652130858776
16/05/2014 19:34:37   4   14.5   58.0   4403530343478248765   17904009636939631672
16/05/2014 09:11:09   10   15   150   2555379443853192087   9826057438533995623
15/05/2014 06:04:22   10   15   150   2555379443853192087   651700291326703424
15/05/2014 03:26:49   10   15   150   2555379443853192087   10303005253072701875
15/05/2014 00:05:09   0.01   15   0.15   2555379443853192087   17207527787581314716
14/05/2014 09:38:27   3   15   45   2555379443853192087   10388210007991655726
14/05/2014 05:46:53   35   15   525   2555379443853192087   12182928234213719846
14/05/2014 05:32:09   15   15   225   2555379443853192087   18026204116065577562
14/05/2014 04:57:14   276   14   3864   18235897846613329388   4172515473259738305
14/05/2014 03:54:27   1   12.5   12.5   1918601732505143306   11078439009378582710
14/05/2014 02:23:24   20   14   280   18235897846613329388   12666735378996342760
14/05/2014 01:25:36   10   15   150   2555379443853192087   2873610012224651167
14/05/2014 00:23:09   200   10.01   2002.00   15985484754901229312   17904638928341277549
14/05/2014 00:23:09   99   12   1188   15985484754901229312   1217277578866644253
13/05/2014 21:30:30   1   12   12   11782877424688533249   1217277578866644253
13/05/2014 20:59:04   1   14   14   15500821159756266543   14975942173108219057
13/05/2014 19:35:53   1000   14   14000   15500821159756266543   13476365735025320100
13/05/2014 18:36:41   200   14   2800   15500821159756266543   14725038412219220001
13/05/2014 18:18:56   600   15   9000   2555379443853192087   10863788554210474864
13/05/2014 15:14:32   5   15   75   2555379443853192087   597853838631654416
13/05/2014 12:58:25   100   15   1500   2555379443853192087   837531711344215896
13/05/2014 12:03:43   300   15   4500   2555379443853192087   4041316674413274324
13/05/2014 10:10:23   10   15   150   2555379443853192087   15228694480748106112
13/05/2014 03:41:52   10   15   150   2555379443853192087   14907987564902735403
13/05/2014 03:35:21   100   15   1500   2555379443853192087   6183779521103547821
13/05/2014 02:45:02   220   15   3300   2555379443853192087   7993536071890605130
13/05/2014 02:45:02   100   15   1500   2555379443853192087   12275139951981151241
13/05/2014 01:37:12   50   15   750   2555379443853192087   8064286643142189183
13/05/2014 01:37:12   30   15   450   2555379443853192087   11090501249059827189
12/05/2014 23:18:21   50   15   750   2555379443853192087   7669834431712018934
12/05/2014 22:21:35   10   15   150   2555379443853192087   4098568197090125519
12/05/2014 22:16:23   100   15   1500   2555379443853192087   1224345586858532108
12/05/2014 21:50:27   50   15   750   2555379443853192087   5554158294327762520
12/05/2014 21:50:27   150   15   2250   2555379443853192087   10643098140903476934
12/05/2014 21:06:00   200   15   3000   2555379443853192087   10383903731942411314
12/05/2014 20:49:20   100   15   1500   2555379443853192087   206624593392279744
12/05/2014 19:32:02   1670   15   25050   2555379443853192087   7558505102963661501
12/05/2014 18:55:38   200   15   3000   2555379443853192087   12058964595538062991
12/05/2014 18:36:35   203   11   2233   747775119539454128   1130211388203517401
12/05/2014 18:36:04   50   15   750   2555379443853192087   1468818624204730429
12/05/2014 18:34:33   10   15   150   2555379443853192087   1247103390949196494
12/05/2014 18:32:10   1   15   15   2555379443853192087   9775598269272829362
12/05/2014 18:29:20   100   15   1500   2555379443853192087   14910129188206982279
12/05/2014 18:20:57   17   15   255   2555379443853192087   10540465628240659864
12/05/2014 18:18:18   10000   15   150000   2555379443853192087   2010066680450639251
12/05/2014 18:18:18   200   15   3000   2555379443853192087   12105551626649700109

[NotLambchop]

...
We do have a lot of this product done already, but it's codes. Do you read codes?

WTF is "codes"?

[molecular]

Congratulations, man! This is looking very promising.

[Bitventurer]

Congratulations, man! This is looking very promising.

Thanks! Glad to see more and more people seeing the potential!

[Ask Ken About Love]

Congratulations, man! This is looking very promising.

Thanks! Glad to see more and more people seeing the potential!

One positive comment in two pages of posts = "more and more." <==Technically agree with the "more" part (one is more than zero), but "more and more" implies a trend...
Hope your "codes" aren't equally overexuberant

[Uniqueorn]

Congratulations, man! This is looking very promising.

Thanks! Glad to see more and more people seeing the potential!

One positive comment in two pages of posts = "more and more." <==Technically agree with the "more" part (one is more than zero), but "more and more" implies a trend...
Hope your "codes" aren't equally overexuberant

What's with your attitude man?
We have this IPO on more forums + reddit. We have also recieved several domain offers and questions on PM over the last 24 hours.

[Ask Ken About Love]

A bit tired of ridiculous IPOs, I guess.  Links to your Reddit and other forums?

[Uniqueorn]

A bit tired of ridiculous IPOs, I guess.  Links to your Reddit and other forums?

Ridiculous IPO... Ok you are clearly allowed to have your subjective opinion, but you have yet to explain *why* you call this IPO ridiculous.
Is it that it's a long term serious investment for once and not a throw of the dice like most cryptoinvestments?
We've already raised ~12 000 dollars of our minimum 80 000 dollar goal with minimal promotion. It's first now that we got everything ready that we have begun promoting this IPO.
I really dislike people who just come to talk negatively without any constructive criticism whatsoever.
Give me some actual feedback or I will simply ignore your spam from now on.

[Ask Ken About Love]

A bit tired of ridiculous IPOs, I guess.  Links to your Reddit and other forums?

Ridiculous IPO... Ok you are clearly allowed to have your subjective opinion, but you have yet to explain *why* you call this IPO ridiculous.
Is it that it's a long term serious investment for once and not a throw of the dice like most cryptoinvestments?

Most "cryptoinvestments," about 95%, end in fail and AIDS.  So I'd say it's more like Three Card Monte than dice

We've already raised ~12 000 dollars of our minimum 80 000 dollar goal with minimal promotion. It's first now that we got everything ready that we have begun promoting this IPO.
I really dislike people who just come to talk negatively without any constructive criticism whatsoever.

You come here peddling surprise buttsecs, and expect "constructive criticism"?  How 'bout GTFO? (but you are entitled to your subjective likes and dislikes)

Give me some actual feedback or I will simply ignore your spam from now on.

Take your your multimillion firm and troll with it elsewhere.  Is that constructive enough?

*

We have this IPO on more forums + reddit. We have also recieved several domain offers and questions on PM over the last 24 hours.

Where are the links to Reddit and other forums?

[Lordoftherigs]

Hope you guys will raise enaugh to pull this of

Sharing your identity would reduce the amount of skeptical posts 

[nousernamesleft]

Ridiculous valuation. For that reason, I am out...

[Uniqueorn]

Ridiculous valuation. For that reason, I am out...

Ridiculous valuation. Care to elaborate further?
We have put 80 000 dollars as bare minimum goal that will still enable us to carry out the neccessities and major parts of the business plan.
I am not sure if you are familiar with extensive software coding like this project, but it ain't cheap. Then the day to day operations of the site for at least 3 months, then add design and lastly marketing and you should have no problem seeing why 80 000 dollars is a realistic minimum. We obviously do want to raise more like ~200 000 dollars as this would allow us to do everything we want in the business plan and give us a really good start, but like I said 80 000 dollars is minimum. If that number is reached then each shareholder gets several fold more shares than they invested at. I think this is one of the points that has gone by people and we accept our mistake in not highlighting this issue clearly.

[NotLambchop]

Ridiculous valuation. For that reason, I am out...

Ridiculous valuation. Care to elaborate further?
We have put 80 000 dollars as bare minimum goal that will still enable us to carry out the neccessities and major parts of the business plan.
I am not sure if you are familiar with extensive software coding like this project, but it ain't cheap...

Lol, $80k, according to your pseudo-prospectus, represents merely 25% of this esteemed concern.
And since you are paying yourselves to code, code is as cheap or expensive as you choose to make it

like I said 80 000 dollars is minimum. If that number is reached then each shareholder gets several fold more shares than they invested at. I think this is one of the points that has gone by people and we accept our mistake in not highlighting this issue clearly.

Yeah, that's hilarious.  Do highlight it.  Also, you keep forgetting:

We have this IPO on more forums + reddit. We have also recieved several domain offers and questions on PM over the last 24 hours.

Where are the links to Reddit and other forums?

[NotLambchop]

ty, just started going through that thread and read your--so much lel!

Please elaborate/clarify to start:

"...The Company’s entire equity structure is currently comprised of Class A Shares. After completion of the offering, it is anticipated
the Company’s investors will own 25% of the outstanding shares, while current and expected insiders will retain the balance. ..." -- http://dotsforbits.com/BizPlan.pdf (your prospectus)

vs.

"...Currently, as stated in the prospectus: the shares you buy guarantee you the net profits of DotsforBits. The reason is simple: if we were to issue these shares as equity in the LTD then we would need the name and passport ID number of every single person buying shares. ..." -- https://nxtforum.org/general-discussion/comming-soon-'dfb'/40/ (your other thread)

What do the shares represent, equity or "shares of the profits"?  And what is the intended meaning of "Class A Shares" [sic] within the context of your prospectus? 

*BTW, Since this Bitcointalk thread was started, there was just one post in your other thread ...announcing that this one exists.
So still unsure re: "more and more [positive responses]" bit.  Perhaps an allusion to the Reddit link you once again forgot to post?



 

[IPO Magic]

From your prospectus:

"The acceptance of this document constitutes an agreement on the part of the recipient hereof
and the recipient's representatives to maintain the confidentiality of the information contained herein.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means,
electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the author."

I've reproduced your document, in whole and in part, stored it in retrieval systems, transmitted it in multiple forms by multiple means - including but not limited to electronic, mechanical, photocopying and recording - without the prior written permission of the author.
Ha!  Haha!
I haz no scruples!  

*FOR YOUR EYES ONLY!  PERSONAL AND CONFIDENTIAL!  DESTROY BY FIRE IF NOT THE INTENDED RECIPIENT!

[Bitventurer]

Hope you guys will raise enaugh to pull this of

Sharing your identity would reduce the amount of skeptical posts 

Hey thanks ,  you can check out linkedin's in the first post.

[Lordoftherigs]

new article  : http://bitscan.com/articles/crypto-ipo-launched-for-domain-trading-business

[durerus]

 Looks good. Bought some shares via bitcoin yesterday. Do I get my shares now directly to my nxt-account? Sent you an email with id to shares@dotsforbits.com.