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Author Topic: [HAVELOCK] SF1 - Announcement of Consultation Poll (Trading Halted)  (Read 4038 times)
Germican
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October 09, 2014, 04:32:21 PM
 #21

@Germican

Lol, was this your vote of confidence? Cheesy



Nope they actually bought my share  Cheesy
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October 09, 2014, 10:33:35 PM
 #22

Following the publication of the results of these polls SF1 units will resume trading on Havelockinvestments.com and Seedco Management Limited may proceed with a formal offer at a later date.
 trading has resumed but nothing has been published. What exactly is going on here?
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October 09, 2014, 11:31:39 PM
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Following the publication of the results of these polls SF1 units will resume trading on Havelockinvestments.com and Seedco Management Limited may proceed with a formal offer at a later date.
 trading has resumed but nothing has been published. What exactly is going on here?

That's a good question. They did say voting was until the same time as the markets opened and that Havelock would verify the results but that should have happened by now. Hopefully we hear soon.
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October 11, 2014, 04:52:52 AM
 #24

So if a person does not want the buy back but has less than 2000 shares can they top up their shares at 0.0001 per?

Seems legit
Germican
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October 11, 2014, 10:10:09 AM
 #25

So if a person does not want the buy back but has less than 2000 shares can they top up their shares at 0.0001 per?

Seems legit

No you will have to buy up at market rate because all share of the fund were sold. The were 2 million shares that raised 2000 bitcoins.

Edit: as well no offer has been made yet so we don't know what they are going to do.
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October 11, 2014, 11:48:35 AM
 #26

... we don't know what they are going to do.

Most of us do know what they're going to do.  That's what makes this so amusing to watch.
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October 11, 2014, 04:43:49 PM
 #27

Got an email from one of the owners indicating that have provided Havelock with the results and that they should be posted next week. He did indicate no decisions have been made as of yet for an offer but if they do it will be posted on Havelock. So sounds like we just need to sit tight for a bit longer to see what happens. I've actually really enjoyed using btc.sx during these huge swings in bitcoin price if you want to give it a try feel free to try here

https://btc.sx/r/18043

The companies are doing well and Seedcoin as a company has continued to invest in other companies. I doubt they would want a negative image for larger investors as that seems to be their recent focus. I think the have at least provided some improvement in stockholder confidence and I'm hoping they do proceed with converting shareholders to SHL and at least a reasonable buyback.

They raised 2000 bitcoins and distributed them when the price was around 700 and should have gotten equity at that rate. Now with the price of bitcoin at half even buying a share at ipo price your paying half the price (in usd) for the original amount of equity.
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October 15, 2014, 10:46:24 PM
 #28

Results of the SF1 Consultation Poll held from October 1st till October 8th, 2014

Out of total units held by respondents
87.42% of respondents (based on their unit holdings) wish to either sell their units at offered price or convert to SHL shares

Out of total number of respondents
91.30% of respondents (based on number of respondents) wish to either sell their units at offered price or convert to SHL shares

Out of respondents holding less than 2,000 units
88.00% of respondents (based on number of respondents) wish to either sell their units at offered price or convert to SHL shares
52.00% of respondents (based on number of respondents) wish to sell their units at offered price
12.00% of respondents (based on number of respondents) do not wish to either sell their units at offered price nor convert to SHL shares

Out of respondents holding more than 2,000 units
95.24% of respondents (based on number of respondents) wish to either sell their units at offered price or convert to SHL shares
85.30% of respondents (based on their unit holdings) wish to convert to SHL shares
4.76% of respondents (based on number of respondents) do not wish to either sell their units at offered price nor convert to SHL shares

Number of respondents as a percentage of total units of SF1 : 22.86%
average number of units held by respondents holding less than 2,000 units :    592 units (rounded)
average number of units held by respondents holding more than 2,000 units : 21,768 units (rounded)

———
These results have been submitted to Havelock Investments prior to publication. Seedco Management Limited will announce its decision regarding the potential buy back and/or conversion offer of SF1 units at the latest by October 25th, 2014. Trading of SF1 on Havelockinvestments.com will be open at least until the time of this announcement.

Global seed-stage Bitcoin startup virtual incubator. Investing in the Future Leaders of the Cryptocurrency Economy.
Germican
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October 16, 2014, 02:35:52 AM
Last edit: October 16, 2014, 01:43:41 PM by Germican
 #29

Wow surprised so many wanted to sell it's more than I expected. Has there been any legal issue with converting US citizens as shareholders?
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October 17, 2014, 10:48:46 PM
 #30

Any issue with an individual unit holder conversion of shares will be dealt on a case by case by the SML lawyer.

Global seed-stage Bitcoin startup virtual incubator. Investing in the Future Leaders of the Cryptocurrency Economy.
Germican
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October 26, 2014, 12:38:23 AM
 #31

Offer was stated to happen by the 25th so hopefully we hear something soon. The companies seem to be doing great.
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October 26, 2014, 05:18:24 AM
 #32

An announcement will be made in the next few days. Sorry about the delay. We will communicate via www.havelockinvestments.com before Friday 31st of October. Trading of SF1 remains open until further notice.

Global seed-stage Bitcoin startup virtual incubator. Investing in the Future Leaders of the Cryptocurrency Economy.
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November 07, 2014, 06:24:34 AM
Last edit: November 07, 2014, 07:03:10 AM by seedcoin
 #33

Please note that as of November 4, 2014 SF1 trading has been halted on Havelockinvestments.com

Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.

Subject to holding more than 2,000 SF1 units at the time of this offer, SF1 unit holders may be considered eligible to convert SF1 Units to Shares.

However, since November 4, we have received a few requests by unit holders holding less than 2,000 SF1 units who have expressed interest to buy additional units in order to reach the 2,000 units minimum threshold for conversion into Shares.

After discussion with Havelockinvestments.com we have decided to allow one time single purpose trades at the fixed price of BTC 0.00045 per unit for those unit holders who may wish to reach the threshold of 2,000 units only. If you are a potential buyer or seller of SF1 units at BTC 0.00045 per unit please contact us at info@seedco.in mentioning in the subjet “private transaction of SF1 units” before November 12th 12 noon EST. The private transactions will be brokered via Havelock Investments upon our submission of information to them.

Global seed-stage Bitcoin startup virtual incubator. Investing in the Future Leaders of the Cryptocurrency Economy.
martindaniel667
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November 07, 2014, 10:53:21 PM
 #34

SF1  - Announcement of Consultation Poll opened to SF1 unit holders

Temporary interruption of trading of 'SF1' units

The trading of 'SF1' units is temporarily halted under joint accord of Havelock Investments and Seedco Management Limited. The interruption is scheduled to last until October 8th, 12 noon time EST. During this period Seedco Management Limited would like to consult the SF1 unit holders regarding a potential unit buy back and/or unit conversion offer via a Consultation Poll which has been sent out to all SF1 unit holders.

Respondents may submit their answers to the consultation poll before the 8th of October, 2014 noon time EST.
 
Poll answers are for consultation only and will remain anonymous, only aggregate results will be published via Havelockinvestments.com.

Following the publication of the results of these polls SF1 units will resume trading on Havelockinvestments.com and Seedco Management Limited may proceed with a formal offer at a later date.





reading this post and i get an idea... Grin
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