Kongzi Print Shop pays a dividend

[printshop]

Kongzi Print Shop
Listed on coinsortium.co -- Ticker: KPS

What is it?
A personal services company serving the unique needs of ESL students in China and Japan.

How many shares to be sold?
Up to 1,000,000.
Edit: We will close the IPO after 50,000 shares have been sold on NXT or Coinsortium.

What price will they be sold at?
0.001 BTC or 12.5 NXT.

Company Announcements

Official Company Announcements :	http://coinsortium.co/security.php?ticker=KPS#Anouncements
NXTforum Discussion :	http://nxtforum.org/index.php?topic=4740.0
NXTforum Dividend Announcements (only) :	http://nxtforum.org/index.php?topic=4916.0

NXT account used to issue assets
NXT-GEA3-AW7K-PWQY-GY3QK

Asset ID
10941619155761914846

Ticker symbol (for Bitcoin investment on coinsortium.co)
KPS

-----

For more information please see our coinsortium.co page (coinsortium.co/security.php?ticker=KPS) and our development blog (kongzi.ca/wordpress/print-shop/).

[printshop]

KPS Frequently Asked Questions

1. This is a self-moderated thread. What are the rules?
- This thread is for news and updates regarding Kongzi Print Shop.
- Please be patient; we do not have a support agent on bitcointalk. It may take up to 7 days to receive a response.
- To keep things tidy and clean, all off-topic posts will be deleted on, before or after a grace period of 90 days.
- Posts containing questions answered on our asset page, in our company presentation or in this FAQ will be removed without further explanation.
- PG rating. This is a family thread.

2. Company Information & Updates
We will publish updates via announcement on coinsortium.co. We will post our company presentation and articles about our company on kongzi.ca.
You should rely only on the information contained in our own news releases and our presentation. We have not authorized any other parties to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it.

3. Where do you list?
We list on coinsortium and on the NXT decentralized exchange.

4. How does your NXT listing work?
Asset ID: 10941619155761914846 -- always check the Asset ID when trading.
When a share is sold over NXT, we convert NXT into BTC and hold shares on your behalf on coinsortium.co. No share dilution will occur as a result of our listing on the NXT decentralized exchange. Note: The NXT team is currently working on single-transaction payments for asset issuers. Until then, payments which are less than transaction fees will be held until the end of the month.

5. Should I buy on Coinsortium or on NXT?
If you buy on Coinsortium you hold direct (first-class) shares. However, Coinsortium does not provide shareholder lists to the asset issuer and in the event of an exchange closure you will not be able to verify your ownership of shares in KPS. If you buy and hold your shares in your personal NXT account, you hold them in your hand, and there's no such thing as an "exchange closure". For this reason alone we must recommend you buy your shares on the NXT decentralized exchange until such time as Coinsortium is able to give us lists of asset holders on a regular basis.

6. You could be a scam! Let's play a game of what-if. We will start with, what if you just drop ship all your cards and you aren't really a print shop?
If we drop ship our cards, we are still a real business because we take money from customers and send them cards for a profit.

6b. What if all the pictures you took for your business were stolen from somewhere else?
If that were true, then you could easily find them with google goggles or a similar image search application. You can't. This is essentially proof the images are for real.

6c. (Since you don't appear in any of the pictures) What if the Ardeva image of you isn't real?
If the Ardeva image of me is not real, then I have managed to fake a passport, and several forms of photo government identification. But the rabbithole goes deeper, because I've also verified my address, my credit card, my employer and income... No, I don't think calling Ardeva into question is an option here.

6d. What if... What if...
This game of what-if never really ends. If you are that concerned, then first of all, thank you for being interested in investing in our company. I mean that. We are proud of you, and now you have some homework to do, and we can't do your homework for you. Please read our website, our blog, and our discussion thread on nxtforum. Read our dividend announcement threads, there's a few bits in there too. Read our announcements page on coinsortium.co. Then ask questions. I don't mean ask "Is ArDeVA a ScAM?", I mean ask someone who's ordered from us if we do ok business, or ask for a sample of our products. Anything but this cheese-shop what-if-you're-a-scam endless line of questioning. We both knew it would come to this eventually, thus this entry in the faq and no more. Feel free to test the thread's moderation policy (see question 1).

[printshop]

KPS is pleased to announce our first weekly payment on coinsortium.co.

0.169 BTC was paid out over 146 shares; payment per share was 0.00115753 BTC.

Thank you for your time,


“In general, we look for a new law by the following process: First we guess it; then we compute the consequences of the guess to see what would be implied if this law that we guessed is right; then we compare the result of the computation to nature, with experiment or experience, compare it directly with observation, to see if it works. If it disagrees with experiment, it is wrong. In that simple statement is the key to science. It does not make any difference how beautiful your guess is, it does not make any difference how smart you are, who made the guess, or what his name is — if it disagrees with experiment, it is wrong.”
― Richard P. Feynman

[printshop]

So you are selling shares for .001 and your first dividend payment was for more than the purchase price?

Yes. In a Coinsortium IPO securities do not have access to IPO shares. Therefore we can only send payments to shares people have bought on the exchange.

If we held back money because it was only a few hundred shares, it would be a violation of our contract. That's probably not a good way to start our listing.

[printshop]

That does not make sense.  I buy a share for .001 you send me more than that on first payment?  Where did your money come from?

The information you're looking for is available on our asset page, our company presentation and this blog post about the company's products. Our website has links to all of this information.

Thanks and allow us to offer you a discount on any of our flashcard products; just mention we said so and your bitcointalk.org username when you contact us with your order.

[printshop]

August 22nd, 2014

A company update has been posted on coinsortium.co.

Notes:

• We have confirmed our payment amount for Monday to be 0.171 BTC.
• Over 541 shares this would be a payment of 31.6% per week.
• We have withdrawn our listing on Crypto::Stocks.
• We are planning to list on the NXT decentralized exchange. Please see above link for details.
• We have added a blog post featuring flashcards from two of our current sets.
• We will be adding more photos of our products including another textbook and two more flashcard sets next week.

An update will be made on Monday when we post our second dividend payment to shareholders.

[printshop]

August 23rd, 2014

A company update has been posted on coinsortium.co.

Notes:

• We have a listing on the NXT decentralized exchange.
• Our Asset ID is 10941619155761914846 -- always check the Asset ID when trading.
• Please see our announcement for more information.

[printshop]

KPS is pleased to announce our second weekly payment on coinsortium.co.

0.171 BTC was paid out over 543 shares; payment per share was 0.00031491 BTC.

Thank you for your time,


“I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.”
― Paul Dirac


NXT payments sent

Stakeholder---------------------	Quantity	Percentage (%)	PPS	Total	Transacrtion ID
NXT-8FG7-5GYY-WN87-FMQFQ	20	0.002	5.25492268	104.09845367	10638105664437402261

[printshop]

August 29th, 2014

A company update has been posted on coinsortium.co.

Kongzi Print Shop is pleased to announce the details of our third dividend payment.

Notes:

• We have confirmed our payment amount for Monday to be 0.175 BTC.
• Over 2650 shares this would be a payment of 6.6% per week.
• Our NXT listing is going well. The current IPO price is 19.3 NXT/KPS.
• There are still 5,000 IPO shares listed at 18 NXT/KPS. Get it while you can.
• We are considering relocating ahead of schedule so we can order print materials in bulk.
• The savings we will achieve by ordering bulk cards and sleeves should cover the cost of increased rent.

An update will be made on Monday when we post our third dividend payment to shareholders.

[printshop]

KPS is pleased to announce our third weekly payment on coinsortium.co.

0.175 BTC was paid out over 2650.68 shares; payment per share was 0.00006602 BTC.

Thank you for your time,


“The successful man will profit from his mistakes and
try again in a different way.”
― Dale Carnegie


NXT Information
PPS was 1.19234242
IPO price as at Sep. 1st, 2014: 18.06 NXT/KPS.

NXT payments sent

Address Ending	Shares Payment	Total Payment	TXID
FSZH4	1000	1,192	10642982040340812400
FMQFQ	1000	1,192	5460210014841239263
4XUG3	200	237.46848474	5653114290773094184
HW5BZ	130	154.00451508	12968424574411971688
9V7WM	100	118.23424237	8567158219342452888
7AR8H	100	118.23424237	11899113409999134268
C64UY	50	58.61712118	2107911516915634207
893ZQ	50	58.61712118	10680554070396611424
93E8C	50	58.61712118	14063898274789053726
5KRWT	21	24.03919090	730209093096432032
2JTX4	20	22.84684847	11447372481444481243
2KZ77	20	22.84684847	14031138878741144640
G59H8	10	10.92342424	13537930764590830116
7D2EP	10	1.19234242	17318079409426500000
7D2EP	10	10.73108181	5082453193375938300

[printshop]

September 4th, 2014

Company update #145 has been posted on coinsortium.co.

Kongzi Print Shop is pleased to announce the details of our fourth dividend payment.

• Payment will be made on Monday, September 8th, 2014, for the amount of 0.188 BTC.
• If there remain only 3,410 shares outstanding, this will represent a payment of 5.5% per week.
• The payment will occur on Monday morning between 10am and 11am EST/New York.
• The payment will be paid over outstanding shares only.

Company News:

• We need to sell another 3,000 shares to purchase the new printer.
• The new printer is estimated to reduce the cost per card by 2 cents per card.
• We will be able to immediately increase our volume by 3,000 cards per month.
• Our dividend will increase proportionately.
• To drum up investor support we have placed several thousand shares on sale.
• You may find numerous shares on the NXT exchange at more than 5% off.
• Once we get the new printer and office space, we will stop selling shares.

An update will be made on Monday when we post our dividend payment to shareholders.

[floatyfish]

Quick question about the way shares are held. On your site you say that you hold the debt for us on coinsortium if we buy in via NXT. What exactly does this mean?

[printshop]

Quick question about the way shares are held. On your site you say that you hold the debt for us on coinsortium if we buy in via NXT. What exactly does this mean?

It was originally designed to prevent us from selling more than 1 million shares and diluting Coinsortium holders. Also, when calculating dividend payments, keeping the same number of shares we sold on NXT in a proxy account allows us to easily calculate how much we need to send to NXT.

But in practice we always have enough NXT lying around to avoid exchange fees, and the way it's set up now tends to confound what is actually going on with each listing. It doesn't affect your ownership of shares. I am actually thinking of just removing the clause and cancelling all the shares in the proxy account. The only difference it would make to you is that instead of looking at the shares sold on Coinsortium as the total float, you would have to add the shares sold on NXT to the shares sold on Coinsortium to get the total amount of shares. Other than that I can't see a difference.

At any rate we are going to close the IPO and start buying back shares before 100,000 shares are sold. It turns out we don't need that much money. Selling 80,000 or 90,000 shares will be more than enough to fund our operations for a year including making a bulk purchase. [edit: of toner, index cards, business cards/cardstock/a cutting machine, laminator pockets, etc.] Once we start buying back shares, I have a feeling our shareholders are going to be very happy.

The only issue you may encounter is that if Coinsortium closes and does not provide proof of ownership, you will not be able to claim any shares you held on Coinsortium. In that respect holding on NXT is probably the better deal.

[printshop]

Our new printer has arrived and it's all set up and works perfectly. I can't wait to put her through her paces!

[floatyfish]

Looks good, now if only Cryptsy would release my NXT 

[printshop]

KPS is pleased to announce our fourth weekly payment on coinsortium.co.

0.188 BTC was paid out over 5052 shares; payment per share was 0.00003721 BTC.

Thank you for your time,


“Give me a place to stand, a lever long enough and a fulcrum, and I can move the Earth”
― Archimedes


NXT Information
PPS was 0.477
IPO price as at Sep. 8st, 2014: 12.5 NXT/KPS.

NXT payments sent

Address Ending	Shares Payment	Total Payment	TXID
FSZH4	3000	1,430.00000000	3028077574674121463
6X3MV	200	94.40000000	6668396324160490555
B2BL5	197	92.96900000	13630921955633397587
5KRWT	166	78.18200000	17312622735351547916
5FZQU	150	70.55000000	16320026901918525883
HW5BZ	130	61.01000000	18043813099694188796
9TS7T	130	61.01000000	2817387619166127247
2ZHYW	100	46.70000000	758704582391031560
7EUY9	100	46.70000000	5001577857718787576
7AR8H	100	46.70000000	7557675565438188613
9V7WM	100	46.70000000	14167650809460294545
HTSY3	56	25.71200000	11924867030724456121
C64UY	53	24.28100000	13449766935879772809
G59H8	50	22.85000000	11838747827640036042
2JTX4	40	18.08000000	18278666593982195347
2KZ77	20	8.54000000	1584819062765627069
7D2EP	10	3.77000000	18264930327718399496
AMAT8	10	3.77000000	3955603097504876430

[printshop]

Can you prove somehow that you really have that business and that you do what you claim doing?

Yes. I have shipped print to members of the community. cobaltskky, the moderator of nxtforum, has one of our Chinese flashcard sets, the "dagongji" set.

What about pictures of your bureau, printers and products?

A picture of the new 551 is available above. In addition, photos of some of our flashcard and textbook sets are available on our development blog, at http://kongzi.ca/wordpress.

I wouldnt mind having the person in charge on one of the fotos ...

My photo is available on my Ardeva profile. https://ardeva.com/profile/cd8fe32c-4bc0-4664-afe3-5af90c7dba6a

...and i think investing only would be possible when i would get to see your ID or at least know your ID is with a trusted escrow on BCT.

No, that's somehwat invasive and it doesn't do anything. The above (with Ardeva) should be sufficient.

The best way to know we are for real is to order one of our products. I will give you one of our sets at cost if you are interested in doing a review. You can pay after you receive it if you don't trust us 

At the moment all i see is a anonymous forum account claiming to have a business without proof, websites that could be done with an automated script pretty fast most probably and thats it. There are payments flowing though its open if those shares are really owned by other persons.

I think the scams in Bitcoinworld were far too great in numbers so that its not enough anymore to simply open a thread.

That's a sad reality we all have to deal with, but if you explore all the information available about the company, especially on our nxtforum discussion thread, I hope you will come to understand more about the company.

[printshop]

September 11th, 2014

Company update #173 has been posted on coinsortium.co.

Kongzi Print Shop is pleased to announce the details of our fifth dividend payment.

• Payment will be made on Monday, September 15th, 2014, for the amount of 0.189 BTC.
• If there are still 5,200 shares outstanding, this will represent a payment of 3.6% per week.
• The payment will occur on Monday morning between 10am and 11am EST/New York.
• The payment will be paid over outstanding shares only.

Company News:

• We have received our new printer and as a result lowered our cpp by 40%.
• We have sourced lamination film and as a result lowered our lamination film cost by 46.2% over retail.
• Our total cost for producing flashcards has therefore been lowered by 22%.
• We are producing a new textbook series which will allow us to pay a special dividend in October.
• We have added a a staple bindery and are constructing a manual perfect bindery capable of binding 4 books per hour.
• We expect to increase capacity organically to 50~60 books per hour within 3 months or if we can meet our funding goals.
• Our current funding goals are:
• ~2,000 shares for laminate MOQ.
• ~5,000 shares for construction of handmade perfect bindery and Japanese traditional bindery.
• ~5,000 for internet advertising programs.
• ~15,000 shares for bulk order of A4 paper and/or 3x5" index cards MOQ (160 gsm).
• ~10,000 shares for storage space, office space and incidental costs (1 year).
• When we meet this goal of ~50,000 shares we will close the IPO and no more shares will be sold.

An update will be made on Monday when we post our dividend payment to shareholders.

[printshop]

I dont think pictures of setcards and a printer are good enough. You know those pictures could be taken somewhere from the net simply. Convincing would be to have a video or pictures showing the bureau including the printer, you in the picture too so that we know the ardeva image is really connected to you and so on. Its a cheap and fast way to prove anything and put doubts to rest.

Getting a sample of your product would only proof that you are a person that can order such a product. I could do it myself most probably. So i would like you to think more in failsafe proofs.

No, because we put our e-mail on the cards by default.

By the way, you've just shown that anyone can run a business. Yes, you too can run a flashcard business if you are capable of drop-shopping custom flashcards. Having to prove we own a printer, etc. is probably not even relevant. In fact, if we are going to be sending out samples and taking orders don't you think we'd want to have a printer just to cut down on costs? :/

Its pretty normal for such an investment that a trusted forum member gets a copy of the ID.

I don't think you see how sick that is and what it says about the community. I've registered on Ardeva. I've heard some people say it's "crappy" or whatever. I find it odd that I have gone through the trouble of registering and confirming my government id, passport, and letters from my boss and my bank only to be told that I need to give someone on this forum my ID as well. I hope you can appreciate how weird that sounds. Sorry, but Ardeva has policies and is seeking to make money, they are not going to be subject to the same problems a "community member" has. For me, Ardeva has benefits that a random forum member cannot provide.

I dont suggest myself in case you fear that. There are plenty of members that are trusted enough. At the moment i only see that ardeva page but i dont have a clue if i can trust it. Who runs it, does he even bother to check if the ID looks valid or is it only a created ID at the end? So ardeva alone doesnt convince me. Its not only about if i trust you, in fact i believe you, its the legal security involved. In case this really would turn out to be a scam, i dont say it will, then what would i have? Would the guy on ardeva claim he never heard about this all and that someone misused his ID? Would the phone number be VoIP? And so on. The problem is i couldnt prove that i had a contract with the person running that shop. So there need to be some plausible connection chain that can prove that the right persons have a contract.

Only saying. You know, Trust isnt given so freely anymore in here with all the scams happening. It would be pretty easy to lay those doubts to rest i think.

By the way... is your business Bitcoin-Fail-Safe? So in case Bitcoin should die for some reason, would i still get revenue?

Yes, we also operate over NXT.

As for the trust issues, if you don't trust us don't invest. Beyond a certain limit, trust issues become paranoia. I believe we have crossed the trust line and that's good enough for me. I am guessing you will find many brick and mortars are the same. We'd rather wait another day and serve another customer than taking a picture of a shoe on our head. If you can't figure out we are for real without seeing a picture of a shoe on our head, you probably don't know enough to analyze our business and decide if the investment is for you or not ;-)

[printshop]

I understand, but I've already explained that whether we outsource or not isn'tt relevant. We can sell cards at a profit, so this is a rather odd point of contention. I also find it odd that you (at first) claim not to be calling Ardeva a scam, then close with an assumption that it is a scam (because, ardeva == therefore not investing). Not sure what to say about that. I invoke the panasonic rule. If Panasonic doesn't have to do it to sell mp3 players, then I don't have to do it to sell flashcards. Sorry, no shoes on heads sent to trusted forum members. 

NXT is only another Cryptocurrency? With Bitcoin-Failsafe i mean more about what happens if Cryptocurrencies arent going to work anymore. For example countries all over the world decide that its illegal to accept them. It would make Cryptocurrencies practically dead instantly. And my question is if the investment would die at the same time or if the investment remains and another way for dividends would be searched.

If crypto-currencies die there will certainly be a period of time where we will be able to transfer over assets into the real world. Bank wire is a common procedure. In such a case each payment would be at least partially towards repurchase because I don't like that system. That being said, NXT is decentralized, and it is incredibly unlikely that NXT and bitcoin will be shut down at the exact same time.

You take security as an offense and thats a big red light for me.

No, I'm just not following one way of providing security. There are other, equally and even more valid ways.

Good luck with your venture as long as its real. Keeping Bitcoins is still a way better investment than risking bitcoins for the promise of some more bitcoins. Thats a lesson i had to learn the hard way unfortunately.

After the gold crash of the 90s, a lot of investors turned sour on gold. It took more than ten years for gold to start getting popular again. The same thing happened to stocks in the 80s, computer companies after the dot-com, etc -- markets bounce back, but it's interesting, that the people who make the big money are never the ones who got scared out by the first crash. Unfortunately this community isn't as trustworthy as you make it out to be. That is actually the problem -- people trusted too many community members that turned out to be rotten apples. It's time you moved on and started dealing with things like we do it IRL. You can use your bitcoin, sure, but this community trust crap, jeez, didn't you ever get ripped off by a "friend" in grade school? This is grade school stuff my friend. If you don't trust me then don't. But if that stops you from doing research into what I am doing, and learning, and making an informed decision, then you've lost a very important battle.