The following post is what Benjamin Schlichter is avoiding at all cost:
The long awaited, epic
68,000 tears post you'll been waiting for, with apologies for the delay, albeit it wasn't a Fortnight™.
Whats the status of the 0.04c/kwh and 68k sq ft building?
How does a successful IPO affect the timetable or progress of this lease?
What happens to the old HVAC and electric equipment after you move the operation?
Last time you built a mining facility the construction seemed to take couple weeks too long cutting into profits. Will this time be better?
1. We're in negotiations for purchasing it. We've already won the auction and placed a down payment on the building. I will be approaching a few lenders next week about finishing financing on the building. If all goes well, we will have the deed to the building before we request a single BTC from Havelock. I would note that the reason we are seeking to buy it is because we can lease out a portion of the building (which will be far too large for mining/distribution) and fully offset any leasing expenses that we would face at the facility. The end goal is to have the company pay for no mortgage, no lease, and very few upgrades at the building - hopefully allowing for easier balance sheets that simply focus on mining revenue, hardware sales, and basic COGs/Overhead expenses. 2. It would help ensure that we can close the deal if any additional capital was/is needed for facility acquisition. As-is, the building is usable for retail/distribution, but not for larger scale mining. The facility is equipped with, at a minimum, 800a/208v service, but we need to continue investigation of the current capacity to see what maximum deployment is when we move in.
3. We will likely cut out the current HVAC equipment to be moved to the new facility. Furthermore, the facility is already equipped with a large number of air handlers/compressors. It was a former hardware sale company (think Lowes, but a mom & pop building). Regrettably, we could have purchased dozens of HVAC units at a fraction of retail when they liquidated the assets of the company. But there is still a reasonable amount of hardware available for utilization upon move-in.
4. We continued to pay out dividends regardless of where the facility was. Since our pivot involves a more retail-centric offering, we can put money into hardware resales, while ensuring that the HVAC/electric is done in a proper way. Once that is done, we'll leverage liquid capital from hardware sales to move into mining. Even then, I believe that we can broker a deal with companies like ZeusMiner that are willing to sell (or even give) you hardware if you're willing to split coin generation with them. This could be a scenario where the investor pays only for HVAC/electric installation, while we leverage said deal and merely pay for electricity - offsetting any hardware costs that the investor could occur while waiting (and losing) potential mining profits.
Astute readers are already aware of where I came up with my
68,000 [tears] figure. They all earned a star. For all other, well... what can I say but sorry.
Note the date of the above post:
July 24, 2014, 04:14:11 PMBefore I go any further, let's all bow our heads and pray: Heavenly Father, Jehovah, please forgive me for what I'm about to disclose about our brethren. Amen, Hallelujah, and all that jazz.
April 25, 2014: http://www.corecompute.com/bitcoin/bitcoin_20140425.html![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs23.postimg.org%2Fdz0ci4zl7%2FIRC_Buy_A_Hash_Dialog.png&t=665&c=h7VD3iwB5_HYUw)
Note the important part:
mrstickball btiefert: my company is in negotiation to purchase a very large warehouse for hashing / eCommerce sales for miners
mrstickball its too large for what we need... its 68,000 square foot
Boy, what I would give to see the first of those
68,000 tears a fallin'. Then again, Benny may be a tad slow, for earlier he conveniently forgot that he had a twin bother.
Noticed I highlighted the 'is in negotiation' clause. You're probably wondering why I would do such. Without any further ado,...
https://www.havelockinvestments.com/reportdownload.php?id=107Location:
All of the IPO proceeds raise by BTCI shall be used for further investment into BuyAHash. BuyAHash states that a portion of IPO proceeds will go towards the lease of a large, 68,000 square foot facility which has been made available to the market. Under full ownership, BuyAHash seeks to utilize the facility for warehousing of our goods as well as hosting of their computer systems. This property is currently available for lease requiring approximately 100,000 USD for deposit and leasing funds. As per our last inspection, the property needs little modification to be utilized for our purposes. Additionally, we note that the target facility has access to industrial-grade electricity at a rate of $0.04 per KWh which is extremely competitive for a large scale hashing facility.
Physical Infrastructure – BuyAHash has located a building with 68,000 sq. ft of warehousing/industrial space for sale. We would like to lease this building, as it has the electrical infrastructure to handle significantly more hashing capacity than we currently have. Additionally, the additional space can be used to maintain a better distribution channel for products, due to the facility having loading docks for commercial trucks.
Meet Benny's new Buy-A-Hash facility:
http://www.ohiorealestateauctions.com/property_details/2150_n_court_st_circleville_ohio_43113_previous_hardware_store_building_with_over_68_000_sqft_and_3_acres_568Conveniently located on Dry Run Creek sans a paddle:
https://maps.google.com/maps?q=2150+N+Court+St,+Circleville,+OH&rlz=1C1CHFX_enUS549US549&es_sm=122&um=1&ie=UTF-8&sa=X&ei=_gDSU_-uAYi1yASrjIKwAg&ved=0CAgQ_AUoAQ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs27.postimg.org%2F51mp3kgb7%2F2150_N_Court_St.png&t=665&c=xLw8esjXZy8GwA)
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs18.postimg.org%2Fbmp1nnmjt%2FAuction.png&t=665&c=EFp9Vg4IDcluYw)
Reserve public auction for commercial property. The auction will be held on Thursday June 12th, 2014 at 12:00pm NOON. Preview will be by appointment only and the day of the auction starting at 11:00am
This property has a contiguous 68,000 square feet with docks, overhead doors, retail space, storage area, sliding outside doors and paved parking. Full utilities, security system store front area with the opportunity to
The reserve on this property is $318,000.00 with a 10% buyer’s premium and a non-refundable 10% of the total purchase price deposit required of the winning bidder. The winning bidder will close the transaction with FirstAmerican Title Company within 30 days of the live event.
Lot Size: 3.77 acres and approximately 68,000 squarefeet of commercial retail and warehouse facility.
Annual Taxes: 15,018.05
http://www.innovativerevenuesolutions.net/cgi-bin/mnarcview.cgi?irsauction/20140612Note the date of the auction:
Thursday June 12th, 2014 at 12:00pm NOON30 days later would fall on
July, 12, 2014, when the building WOULD have be closed on.
Yet, 12 days after that date (yesterday), Benny stated...
1. We're in negotiations for purchasing it. We've already won the auction and placed a down payment on the building. I will be approaching a few lenders next week about finishing financing on the building. If all goes well, we will have the deed to the building before we request a single BTC from Havelock. I would note that the reason we are seeking to buy it is because we can lease out a portion of the building (which will be far too large for mining/distribution) and fully offset any leasing expenses that we would face at the facility. The end goal is to have the company pay for no mortgage, no lease, and very few upgrades at the building - hopefully allowing for easier balance sheets that simply focus on mining revenue, hardware sales, and basic COGs/Overhead expenses.
Surely, there has to be a misunderstanding on my part, and I'm sure Benny will be on this non-self-moderated thread to set the record straight because if he doesn't, his Buy-A-Hash WON'T IPO, and RENT will kick the bucket within 24 hours, because clearly these guys are not being up-and-up with their current and future investors, in spite of them claiming to be good Christians.
I wonder if the following two auctioneers located in or around Circleville, OH, know each other: Dan Schlichter (also a real estate agent) and John D. Rogers.
The reserve on this property is $318,000.00 with a 10% buyer’s premium and a non-refundable 10% of the total purchase price deposit required of the winning bidder. The winning bidder will close the transaction with FirstAmerican Title Company within 30 days of the live event.
Since Benny said he won the auction, that means he had to put down a minimum of 10% of $318,000 + $31,800, or $34,980 if he was the sole and winning bidder, otherwise his outlay is higher.
https://litecointalk.org/index.php?topic=3126.msg21789#msg21789My town is "Run down" in the fact there aren't a lot of jobs and a lot of commercial spaces for rent, thus why I can get everything cheaply.
Translated: I have stacks of applications from businesses ready to least my unwanted/unneeded space of
my our
68,000 Sq Ft facility.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.articlesweb.org%2Fblog%2Fwp-content%2Fgallery%2Fkleenex-marquee-tissues-are-reliable-for-use%2Fkleenex-marquee-tissues-5.jpg&t=665&c=HTCHX5kbNS4NOQ)