I need help with our IPO

[printshop]

Hello.

I represent Kongzi Print Shop. My identity is held with Ardeva. We have a clear and easy to understand business model, clear prospects, and we have already been making money for years.

I recently gave an IPO for my company on coinsortium.co and NXT. To my great suprise, only NXT users seemed to be interested in my project. I've sold less than 1,000 shares on coinsortium.co. That was just a third of the cost of our printer. Nevermind any other facets of our expansion.

We have been paying dividends for a month (four times) and we're not asking for millions of dollars. We have sent a sample of our product to a few community members who seem excited they will receive and be able to review some of our products.

So why can't we sell any shares? Other companies seem to sell out their entire IPO in a matter of hours or days. I won't go into some of the business plans that seem to sell out so quickly, but it is very difficult for me to believe they are completing their IPO process so quickly.

Can anyone help me understand why my company is not doing very well in the IPO stage? I can't pay you any money for your advice, but I will give you 100 shares of my company if what you say is helpful (and I'll be the judge of that, thank you)

[1714861451]

1714861451

[1714861451]

1714861451

[OgNasty]

I just took a quick glance (as I imagine many investors probably have) to see what you're working with.

As far as I can tell, you're trying to raise half a million dollars on revenue of $4,800 per year with no clear plan as to how you are going to increase revenue, only a plan on how you will spend the money on wasteful things like office space.  Investors tend to steer clear of investments unless:
1) The value is low enough to where they feel the risk on you is worth taking.  This is usually around 5x-15x current revenue.
2) The prospect for revenue growth with the requested investment seems like a safe bet.

You are asking for nearly 100x your current annual revenue with no visible plan on how that investment is going to increase revenue.

I assume if you were to lower your offering to around $20,000 for 1/2 of your security, you would see much more investment.  At 100x revenue, I can't imagine anyone feels too confident buying your IPO.

[AcoinL.L.C]

Would also help if you didn't use a garbage exchange... Coinsortium is just as bad as cryptostocks. Accept anyone and everyone. And as OG Nasty said, your asking price is way to high.

[Minerjoe]

Agree with what was previously said.

One other thing, from the perspective of a potential buyer, the thing that prevented me from buying shares is the website. It really looks unprofessional and amateurish. This manga style logos and stuff add even more this unprofessional experience. It is not my intention to criticize or trash, it s your business, but these are elements which discouraged me from buying.

Anyway, do not get discouraged, businesses are being built for years. It takes a lot of time and effort. Good luck.

[printshop]

I just took a quick glance (as I imagine many investors probably have) to see what you're working with.

As far as I can tell, you're trying to raise half a million dollars on revenue of $4,800 per year with no clear plan as to how you are going to increase revenue, only a plan on how you will spend the money on wasteful things like office space.  Investors tend to steer clear of investments unless:
1) The value is low enough to where they feel the risk on you is worth taking.  This is usually around 5x-15x current revenue.
2) The prospect for revenue growth with the requested investment seems like a safe bet.

You are asking for nearly 100x your current annual revenue with no visible plan on how that investment is going to increase revenue.

I assume if you were to lower your offering to around $20,000 for 1/2 of your security, you would see much more investment.  At 100x revenue, I can't imagine anyone feels too confident buying your IPO.

Hello.

Your message was a surprise. I see now I have failed to explain what we do and why we need that money. First of all, I would like to talk about what I am doing from a financial perspective. I am using the large dividend payments to attract investors. I'm IPOing the existing income of the company over sold shares only. We are then able to pay about 3.5% a week. Secondly, by the time we sell enough shares to drop down below 2% our income will approx. double from the new equipment, bulk orders, and increased print capacity. Our new printer (bought!) and new lamination film supplier (ordered!) has already lowered our production costs by 22%, and this will start being reflected in the dividend after next. We are in talks with a paper mill for supply of index cards which will lower our cost by another 20 to 30%. Since our capacity has expanded we have already received orders for staple bound A5 coloring books and so forth which are extremely easy to produce for us. We produce cheaper than the local print shop. We are able to do perfect binding in-house by hand until we can afford a binder. Now I'd like to talk a little about cost, because I mentioned the binder, which is a key point for us. If we can get a binder we can kill the local print shop. They are forced to charge about $1.25 for binding. With a digibinder I believe we can bind for less than 50 cents even on short runs (Then again, with the handmade bidnery I am setting up we can bind 50~60 books an hour per employee for the cost of manual labor).

You have said we are asking for too much money. This surprised me and made me realize I failed to explain what we do to you and why we need so much money. To be honest I thought it would be obvious, but in this day and age I suppose it is ironic, that people have lost touch with the paper business. Who among us remembers foolscap?

Anyways, a Sterling Digibinder is $12000, a little more from import costs. We can get a D-280 for $10,000 I believe, but I prefer the digibinder personally. For printing, we currently run m551's (from HP) and would like to get a m651 for color and then branch out to m806 models and better due to their low cpp. This is a cpp business. If we lower our cost from 1.8 cents per page to 0.9 cents per page we have just cut our materials cost in half. That's 100% extra profit, more or less. The 651 will cost us almost $3,000, the 806 probably around $7,000. Right off the bat you should see it would take us 3 to 5 years to get just an automatic binder and a 651 & 806 + standard consumables. That is primarily what the IPO is about. We have already proved we can make money, now we want to lower our costs and expand our capacity.

Next we will need space. We are going to need some office space for the equipment and materials. Setting up on the floor of a cheap office building may end up costing us $500 a month or more. Then there are the bulk orders. We currently deal with an importer for lamination pockets. I am willing to bet if I can find a manufacturer I can get them for another 20 to 30% off. Same goes for index cards. $7 a pack in the store, 25 cents direct from Pakistan. But if I buy from Pakistan, I have to buy a 20 foot container. So we need space. In return the cost savings will probably cover the office space and then some.

Once we get all set up and our stuff is here, our business will explode. This business is like a bakery. We buy flour for a nickel and sell donuts for a dollar. And because almost everything we buy is material cost, it will eventually be sold, thus recouping the capital at profit. This isn't some kind of theory, we do in fact sell books and flashcards to various schools. I am confident that if we can sell ~50,000 shares we will be able to cut our cost down to 40-50% of what it was before we started this.

Anyways if you disagree with this, I'm forced to respect your opinion, but we are capable of paying a high yield until we have enough to buy the equipment and supplies we need. Worst case scenario I can stop selling shares for a couple of weeks or months and see if the market picks up.

[floatyfish]

As someone who did invest, I'd like to second the website redesign. It doesn't look that professional. If you were to hire somebody to redesign the website (even if it did cut into divs) that would be a really good start. Also, I would suggest condensing what you wrote above in terms of what you plan to do with the money and put it into the original post. Now that you've said what you plan on doing, I think it clears up a lot of questions, but people won't be looking at this thread, they'll be looking at that one.

[printshop]

As someone who did invest, I'd like to second the website redesign. It doesn't look that professional. If you were to hire somebody to redesign the website (even if it did cut into divs) that would be a really good start. Also, I would suggest condensing what you wrote above in terms of what you plan to do with the money and put it into the original post. Now that you've said what you plan on doing, I think it clears up a lot of questions, but people won't be looking at this thread, they'll be looking at that one.

The software end of things is a work in progress, and the wordpress blog is a carton theme with a cartoon image on it. The image is relevant because we are going to be targeting the Japanese language learning industry first. We'll be using a variety of anime-style art in the textbook. This was chosen to appeal to certain kinds of people we will be targeting with our upcoming Japanese sets and textbooks.

We don't really have or need a website, the blog is only there to centralize the release of information. If you had another wordpress theme in mind, I could switch, but I like carton because of how it lays out the headlines. I just don't want to play the whole webpage/facebook/google plus/twitter game. It sucks. If people are really avoiding the project because of the website I'd rather just take it down. I barely have time to maintain the blog as it is.

[hl5460]

My identity is held with Ardeva

I am sorry for my ignorance. Who is Ardeva?

[AcoinL.L.C]

My identity is held with Ardeva

I am sorry for my ignorance. Who is Ardeva?

Some junky "identity verification" system. You know its junky because the owner of QBOND on Coinsortium has a good rating... And Ardeva itself is listed. Just looks like a money grab way to also instill a false sense of trust IMO

[Bonam]

I'm guessing people with any real BTC to invest have seen that 99.9-100% of all BTC-denominated securities are some combination of scam and/or failure. Frankly, with the state of BTC securities, if you are a legitimate business, you may want to consider more traditional forms of funding. If your business plan is as solid as you claim, you can likely get funding from VCs, on kickstarter, etc.

[printshop]

I'm guessing people with any real BTC to invest have seen that 99.9-100% of all BTC-denominated securities are some combination of scam and/or failure. Frankly, with the state of BTC securities, if you are a legitimate business, you may want to consider more traditional forms of funding. If your business plan is as solid as you claim, you can likely get funding from VCs, on kickstarter, etc.

We're in Asia. You have to be a US resident and a US citizen to use Kickstarter. I know because I've already tried. As for VC, we don't need a lot of money, maybe $20,000 to $30,000 in total. Although I haven't tried, most VCs won't touch projects that don't need at least half a million or more, it's just not worth their time. In a way I guess you could say that bitcoin investors are my VCs.

[AcoinL.L.C]

I'm guessing people with any real BTC to invest have seen that 99.9-100% of all BTC-denominated securities are some combination of scam and/or failure. Frankly, with the state of BTC securities, if you are a legitimate business, you may want to consider more traditional forms of funding. If your business plan is as solid as you claim, you can likely get funding from VCs, on kickstarter, etc.

There are legitimate ones, given there are very few. Most of the ones that are scams / failures have ridiculous valuations / no security checks done on them. Thats why cryptostocks / coinsortium are absolutely terrible, and havelock is maybe a notch above them (still awful).

[Killerloop]

There are legitimate ones, given there are very few. Most of the ones that are scams / failures have ridiculous valuations / no security checks done on them. Thats why cryptostocks / coinsortium are absolutely terrible, and havelock is maybe a notch above them (still awful).

Please do not listen to this user, he has no clue about what he is talking about and is just spewing lies at random.

1) garbage exchange that accepts everyone
All security owners with one (or more) securities listed on Coinsortium must go through strong Ardeva verification which is, as of today, state of the art due diligence in the Bitcoin world.

2) Some junky "identity verification" system. You know its junky because the owner of QBOND on Coinsortium has a good rating... And Ardeva itself is listed. Just looks like a money grab way to also instill a false sense of trust IMO
Ardeva is free and it is the best verification service around. You have no clue about what are you talking about sir.

I'm guessing people with any real BTC to invest have seen that 99.9-100% of all BTC-denominated securities are some combination of scam and/or failure. Frankly, with the state of BTC securities, if you are a legitimate business, you may want to consider more traditional forms of funding. If your business plan is as solid as you claim, you can likely get funding from VCs, on kickstarter, etc.

Those are good ways for sure but we (yes I work for Coinsortium) do not host scammers. Unless they want to scam giving you free access to their personal and financial data of course.... which is quite weird.

About failure well, businesses win and businesses fail, I can't make any promises but there are VERY interesting securities on Coinsortium.
If I may suggest I advise you all to join the Bitcoin Investment Group on Facebook, a very nice place for crypto-enthusiasts

[twentyseventy]

Those are good ways for sure but we (yes I work for Coinsortium) do not host scammers. Unless they want to scam giving you free access to their personal and financial data of course.... which is quite weird.
...
About failure well, businesses win and businesses fail, I can't make any promises but there are VERY interesting securities on Coinsortium.

So you can't make any promises except for the one that you're sure that there are no scams listed on Coinsorium? And there are plenty of people here willing to give up their personal details to scam BTC, look at Mr. Klye-

[printshop]

So you can't make any promises except for the one that you're sure that there are no scams listed on Coinsorium? And there are plenty of people here willing to give up their personal details to scam BTC, look at Mr. Klye-

Can you substantiate the notion that Ardeva/coinsortium runs scams?

From my standpoint, Ardeva looks fine.

[twentyseventy]

So you can't make any promises except for the one that you're sure that there are no scams listed on Coinsorium? And there are plenty of people here willing to give up their personal details to scam BTC, look at Mr. Klye-

Can you substantiate the notion that Ardeva/coinsortium runs scams?

From my standpoint, Ardeva looks fine.

I can't guarantee that there are any scams on Coinsortium, but I take issue with an Coinsortium employee first certifying that there aren't any scams there and then saying that he can't make any promises.

Cryptostocks has hosted many, many scams and Coinsortium allows direct importing from Cryptostocks, so I don't see how there's going to a ton more safety on that front.

Cryptostocks also offers verification as well. Finally, I personally would not trust any company that vouched for QBOND, that just seems to be an out and out scam.

[Killerloop]

So you can't make any promises except for the one that you're sure that there are no scams listed on Coinsorium? And there are plenty of people here willing to give up their personal details to scam BTC, look at Mr. Klye-

Please don't mix my words to get a meaning I did not imply.  
Coinsortium uses Ardeva to do the BEST due diligence possible, try it yourself if you want... it is free.

How can I possibly know that a person is planning a scam? We do not host KNOWN scammers, aside from that... we can't do anything more than a strong verification.

That being said I can guarantee that SOME of the securities listed aren't scams because I personally know the owners. The rest are listed by people I had no business with so I can't voice for them... this doesn't mean that they are scams!

I do not know Mr. Klye, but "giving out personal details" is QUITE different from getting an Ardeva verification. And if they are willing to scam anyway well, too bad for them, they will be sued and will pay the price of their actions like the real world.

[Killerloop]

[Cryptostocks also offers verification as well. Finally, I personally would not trust any company that vouched for QBOND, that just seems to be an out and out scam.

Yes they do, but we deemed their verification process too weak and exploitable, so we partnered with Ardeva.

Do you have any evidence of QBOND being a scam? If so I can submit them to the administrator for review

[AcoinL.L.C]

[Cryptostocks also offers verification as well. Finally, I personally would not trust any company that vouched for QBOND, that just seems to be an out and out scam.

Yes they do, but we deemed their verification process too weak and exploitable, so we partnered with Ardeva.

Do you have any evidence of QBOND being a scam? If so I can submit them to the administrator for review

You contradict yourself with everything you say. Your verification is incredibly weak if you didn't bother reviewing QBOND before allowing them on your platform. Pure greed is what your site is.

Cant believe anyone would trust their funds on that site... None of the stocks on your site show much promise, typical cryptostocks crap.

[Killerloop]

You contradict yourself with everything you say. Your verification is incredibly weak if you didn't bother reviewing QBOND before allowing them on your platform. Pure greed is what your site is.

I've never contradicted myself  

As a platform we cannot make rash judgements about our users. QBOND2 owner did the strong verification and so far he did nothing illegal nor we did receive any complaints about his activities.
If you think that he is not legit just don't invest on his security, there are plenty of other options!

Cant believe anyone would trust their funds on that site... None of the stocks on your site show much promise, typical cryptostocks crap.

That is sad, hopefully in the future you will find something of your liking as we are here to stay.