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Author Topic: Am I the only one who thinks SHAT is a horrible name for an asset? Havelock?  (Read 737 times)
pummle (OP)
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June 10, 2014, 08:21:34 PM
 #1

Just got an email introducing a new Havelock "fund", SHA.

Quote
Rolling placement
After IPO is placed CBCM will start permanent rolling placement. Each rolling placement will start on Monday 12:00 noon GMT and last during next Monday 11:59:59 GMT. Maximum number of units offered each week cannot exceed 5 000 units.
All units that are placed during this stage are placed under ticker "SHA". After each weekly placement all placed "SHA" units will be converted to "SHA.T" units automatically. Each newly placed "SHA.T" unit represents the same quantity of GH/s as traded "SHA" unit. Weekly placement price cannot differ more than 10% from average weighted weekly market price for the previous trading week.

I refuse to trade in shares of SHIT.

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ruru
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June 10, 2014, 08:35:03 PM
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Havelock used to be amazing when it only had HIM, S.Dice, KCIM... IMO, everything turned to shit after VTX was released. The rest of the funds are garbage. Remember SFI? It was an IPO for startups.. yeah, startups have a really low success rate and they aim to fund like a dozen of them, lol.

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pummle (OP)
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June 10, 2014, 08:48:03 PM
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Havelock used to be amazing when it only had HIM, S.Dice, KCIM... IMO, everything turned to shit after VTX was released. The rest of the funds are garbage. Remember SFI? It was an IPO for startups.. yeah, startups have a really low success rate and they aim to fund like a dozen of them, lol.

It seems it has been going downhill since it was sold by the original owner to the panamanian shell company. I guess they are just trying to get as much money from it as possible by allowing trading of such worthless stocks. Unfortunately, this is driving away investors since we just cannot trust them for anything now.

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RiverBoatBTC
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June 10, 2014, 09:27:58 PM
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They are just calling the IPO for what it is.... SHAT
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June 10, 2014, 09:28:33 PM
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Am looking at the SHA offering here: https://www.havelockinvestments.com/fund.php?symbol=SHA

Seems they are an offspring of http://cbcm.co who are placed in Glasgow, Scotland. the webpage says 10ghs/share at.042btc equals roughly $2.70USD/Gh or about 57% what it costs in CEX.io. today.
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June 11, 2014, 09:13:34 AM
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If you sell them on the quick margin would you be sharting?
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