Dear fellow bitcoiners,
Now WIT is sincerely annoucing a new investment project for the bitcoin investors. WIT has offered its first pass-through security on the Cryptostocks.com, and distributed more than 30% returns to its earliest investors. When that project had to end, WIT bought the security back with a premium.
This is an equity investment project with a 200% ~ 300% expected return in 3 ~ 6 months. Below is the contract:
Name of the investment project: WIT-2
Project description: This is an equity investment project. A great start-up are now likely to raise pre 1st round from a wealthy local investor. Now WIT get the chance to buy in 10,000 RMB worth of equity, which can be sold to the 1st round local investor at a high premium. The rationale here for this transaction arrangement is confidential.
Expected return: 200%~300% return in 3 ~ 6 months. RMB dominated.
Contribution methods: Send bitcoin from addresses that you hold the private key ( blockchain.info, bitoin-qt, etc.) to
1NSmZnLxwjm5tQNNPs9A7TaxZkmm33JjN1
Don't send coin from the mtgox or other mixed wallet.
The target of the fund size is 150 Bitcoins, and if I got bitcoins more than the target, the over contributed money will be returned to the sending address.
The share of the opportunity is "first come, first serve". If you want to capture this opportunity, just send the coins to the address fast.
Distribution methods:The investors are associated with the addresses where the bitcoin are sent from.
If this investment is profitable, the cash flow will be distributed in such consequences (in RMB):
1. Pay back the LP's investment.
2. Pay the LP an annual 8% hurdle interest.
3. Pay the GP until the cash distributed to GP reaches 25% of the hurdle interest.
4. Pay the rest of the cash between LP and GP in a 4:1 proportion, until the annual IRR of LP reach 30%.
5. Pay the rest of the cash between LP and GP in a 2:1 proportion, until the annual IRR of LP reach 100%
6. Pay the rest of the cash between LP and GP in a 1:1 proportion.
Risk: This project is highly likely to be successful; however, there is still risk for the project to fail. If it fails, the investors will eat all the loss, which will be limited to 100% of the capital invested.
A kind reminder: In the 1st WIT project, those investors who made decision independently won. So listen to yourself, don't listen to the public.
Good luck!
Quoting in case it changes.
https://bitcointalk.org/index.php?topic=110352.msg1402942#msg1402942It's almost like I expected this ...
