Let me start off by saying, that I am
NOT the issuer / operator of this asset. Smack That Ace, whos profile can be located here:
https://bitcointalk.org/index.php?action=profile;u=229097, is the owner and operator of this asset. I have been commissioned by him to handle his IPO. While I have complete trust in him (which is why I agreed to run this IPO), I also hold his ID in escrow. If you have any questions, don't hesitate to ask.
Regards,
Matt (AcoinL.L.C)
If your interested in purchasing: Send payment to
19RPcV9peZJVvB5hC5FQxez2X73vpTFpimWhatever address sends the payment will be considered the dividend address. If you would like to change your dividend address, PM AcoinL.L.C with proof of ownership of the given address.
Overview:www.Localpunter.com is the premier crypto poker club, with the ability to accept 5 different cryptocurrencies. The crypto poker market is just taking off, however the niche club poker sector has remained relatively untouched, with no competitors holding significant market share. Localpunter is an exclusive poker room, capping out at only 99 members. Localpunter is also unique in having a payment processor that allows the quick acceptance of nearly any cryptocurrency. Localpunter offers a cashout system in addition to crypto withdraws, where members can be issued debit cards and receive their funds in fiat. For example, a player can choose an option to get USD through a club debit card which is mailed to them upon registration. Localpunter also has a clothing line through a partnership with a drop shipping company. The site has one employee who manages withdrawals for club members, and provides customer service.
Financial Summary:The business is currently generating over $4000 per month in revenue through rake, with a gross profit of $800 per month. Each share is entitled to 1/110,000 of Localpunter’s gross profits. The issuer will provide for maintenance / future work out of his shares. The asset issuer has already provided over $4,000 into the project, as well as over a hundred hours of work. The site has been operational for two months. The site has one employee who manages withdrawals and customer service for $200 a month. Their wage is paid through until the end of August.
Costs:Monthly Upkeep:
- Hosting $100
- Marketing $200* (Currently not in place)
- Domain Name $1 a month ( 12$ a year)
- DDOS protection $5 month
- Employee Wage $200* (is covered until the end of August)
total: $106 ($506*)
Currently there are no other costs or liabilities.
Business Structure:Localpunter is releasing 40,000 units at 0.000137 BTC (Currently $0.085) per unit, representing 36.36% of the company. The issuer will retain 60,000 shares, and the remaining 10,000 shares are held by a private investor (AcoinL.L.C)
Units offered: 40,000
Units privately held: 70,000
Total units: 110,000
Initial offering price: 0.000137 BTC ($0.085)
Total BTC to be raised: 5.48 BTC ($3400)
Total business valuation: 15.07 BTC ($9350)
Initial Fund Allocation:The IPO funds will be used towards a facelift to the site, as well as rebranding the site to a more attractive name. The funds will also go towards further payment integration and development work, as well as marketing and content writing in order to attract additional members.
The IPO funds will be distributed in the following ways:
$500 - New website
$500 - Additional Payment Integration / Dev work
$900 - Marketing boost / Re-Branding
$1000 - Liquidity
$500 - New hosting hardware to allow for increased user load and better performance
Dividends:Dividends will be issued on a weekly basis every sunday, and will be paid via Bitcoin.
Voting Rights:Occasionally a vote will be brought to shareholders, in which the issuer will abstain from voting in due to holding the majority of shares. The issuer will only go against a shareholder vote if the issuer determines the vote to be detrimental to the value of Localpunter.
Forced Buyback:Localpunter cannot issue a forced buyback unless over 75% of shares vote to do so.
Share Dilution:Localpunter cannot issue any additional shares. However, Localpunter can increase the number of units in-exchange for current units in order to secure further funding. For example: If investor “A” held 10 Localpunter shares, and Localpunter multipled its shares by 10, investor “A” will now have 100 Localpunter shares. Any additional funding would come directly from the issuer’s shares.
Issuer Background:The issuer has provided personal identification, held by AcoinL.L.C in escrow, as a form of collateral. Once the IPO is over, the issuer will be available to talk with shareholders through skype. If you have any questions/concerns before the end of the IPO, the issuer is also willing to answer your questions. The issuer’s identity will not be released publicly unless the issuer vanishes / runs off with funds. Note the business is NOT based in the U.S, and the issuer does not live in the U.S.
Miscellaneous Information:The reason the revenue is significantly higher than the profit is due to an affiliate program, through which the majority of players joined through. The agents are responsible for the customer and financial service of these players and they range from countries in Asia, Middle East and Canada. While Localpunter’s employee is able to authorize withdrawal’s, they do not have access to Localpunter’s funds and/or player’s funds. Some of the revenue comes via a membership fee, with the majority of revenue being collected through rakes. Localpunter will also be offering custom debit cards and a clothing line in order to bring in additional revenue. The play limit is fairly high, with a minimum of $100 USD. The average players plays with around $400 per week. Localpunter currently has twenty-five live members who play almost everyday, increasing at a gradual rate. The asset issuer has the right to transfer Localpunter shares to a centralized exchange at anytime.
EDIT:
Payment details
