@Taras LanovykHi, thanks for this IPO, let me ask some questions:
1.
"CBCM’s principals, Vitaly Pashkevych, MBA and Taras Lanovyk, boast extensive experience in IT, business development, and finance..."- according to your LIn profile, you have experience in business dev&finance, so I guess V.Pashkevych has exp. in IT ? May you provide his LIn profile ? (did not find him among your firends on FcBook:)
2.
"CBCM has reached a partnership agreements with Spondoolies-Tech to provide mining equipment. Also we booked enough space in datacenters, located in EU and USA."- you do not have partnership agreement, as has been stated many times in this thread. You have got confirmation letter from manufacturer to deliver SP10s if you pay for them with 1st round of IPO. Either we are professionals = exact or not
3.
"Dividends will consist of 70-50% of SHA-256 Mine net revenue for the period. Net revenue is defined as the total sum of Bitcoins mined, transaction fees received and net revenue from hardware sold, minus electricity, hosting, and mine maintenance costs."- when (periodically) and where will voting take place (your website? Havelock ? do you have proper app in place to take care of this ? How will you authenticate each shareholder online for voting ? Is it ready - or just in planning phase (did not see any section on your web)?
- what will be the majority ? (2/3, 51pct ...)
4.
"Every period, CBCM will reserve for reinvestment purposes a percentage of earned Bitcoins equal to 30-50% of net revenue. These investments will allow CBCM to purchase and deploy additional hardware. Time of deployment for this additional hardware will be in the best interest of unit holders."- will your shareholders be allowed to have a say in this ? or you just buy whatever&whenever you please ? Do you have some reinvesting plan for 12m period on hand to share with us ?
- same question goes for selling non profitable machines ? or you just sell shares not backed by miners = meaning I buy shares, but not part of physical miner - so I do not own it.
5.
"We expect total monthly costs will not exceed $0.2 per 1 GHs during next 3 months, and will be lower after SP30 miners and other efficient equipment are deployed." - Expect ? or Guarantee ? Lets be exact. Thanks.
6.
You are using two words during your IPO documents - shares and units. Any difference ?Couple general Qs.- what investors structure are you planning for this fund ? (at least percentages XX% individual XX% small investment XX% institutional investment/groups)
- where will you plan to host ? - do you have at least 6/12 months partnership agreement in place supporting your projected hash rate increase per month ? Or do you plan to find hosters ad hoc ?
- whats your best case/worst case projections - provided that you included your most probable estimate in your Revenue forecast document ? Do you have some risk management in place, if yes, than please share briefly those two scenarios.
Calculation.- you are selling 10GH at 0,042btc - at 640USD = 26,88USD per share.
- you are buying SP10s, which costs individuals around 2700USD at 1,4TH.
- total 140 shares per 1 SP10 = you are selling us one SP10 for 3700USD - that is about 1000USD more than from SPTech.
- First round is 5000 shares, so about 35xSP10s, that would make 35.000USD per round, 8x35.000USD = 280.000USD per all first 8 rounds (aka 2 months).
My question is this - will you plan to use that money for buying additional miners, or for other expenses, or profit ? Thanks.
Note to your Revenue forecast.- you are calculating with cca 15% increase in diff m/m - IMO, that is not true for several months now. In fact real increase in diff is around 30%++ m/m
- if I take your forecast and we will agree on your assumptions (price of BTC/USD 640 + diff increase m/m 15) from June to end of Dec 2014 with 140 shares (aka 1 SP10) I might make around 2,2 BTC. Is it correct ? Or do I have it wrong ? Thanks.
Anyway, thank you very much Taras for your reply and time.
Just my 2cents.
- Collateral is standard procedure in deals where there are more than 2 parties that do not know each other. SPTech just covers their risks and rightly so.
- SPTech is for profit company, so If they see business opportunity, they act and make profit - I cant see anything bad with it. SPTech did not say, that it will sell miners only to individuals, or that individuals will have any advantage... So I do not see how would they screw anyone on this.
- SPTech CEO coming here and posting actively is only logical (not because some conspiracy) - he needs to protect his company good name&standing. Maybe CBCMs principals should be more active here, so SPTech CEO would not need to be defending his involvement in this IPO.*edit* - Thanks to
cowboyminer for coming in and posting! So if I understand it correctly, you & your company will be hosting round 2+ ? Can you possibly share what miners will be used ? (Ants, Dragons, other ?) Thank you very much for clearing this out!
