I’ve hesitated to put this on Bitcointalk.org for a variety of reasons; however, we have been going under some organizational changes since late 2016 and are restructuring the company formally known as CBTC on Havelock Investments accordingly.
To start, we have been pitching a private equity partnership to various Institutional Investors in North America, and I’m happy to say that we have been accepted (and are currently listed) on TheOCMX, Canada’s largest and most exclusive private equity marketplace.
In the four weeks we've been live on TheOCMX, we have been able to secure 20% of the capital we need to continue to operate and advance the company. I’m now posting the details here for full transparency even though it's been on our Twitter and Facebook profiles for several weeks.
Why not an ICO?
We considered an ICO, but felt like that would immediately discourage institutional investors from participating. Our goal is to eventually list on the CSE or TSX Venture exchange down the road (~5 years), so having institutional investors with IPO experience is ultimately desired and necessary. The moving target in the price of bitcoin also makes any ICO today a difficult feat to pull off today.
What about Havelock?
Around 6 months after we launched, we put 10% of our project up for a Virtual IPO on Havelock Investments. In total, we raised ~500 bitcoin valued at that time around USD $50,000. This capital was put into further product development and marketing initiatives nearly immediately, so we did not catch the price bubble in 2014.
In the past 18-24 months, Havelock Investment traffic and liquidity has suffered drastically due to a variety of internal and external reasons, all which can be found if you do some research. Let me be very clear that we valued the opportunity to raise capital on Havelock Investments, but it’s no longer a viable medium for us to advance to the next stage we desire.
You'll notice there are 30,000,000 units of CBTC on Havelock, that is 100% of the company - principals and owners own over 88% of those units in total. There are ~650 unitholders on Havelock for this fund. When we complete this round of investment we will be buying back all non-management units (at a fair price tbd) on Havelock and closing our fund.
It’s not easy to get onto TheOCMX, we did our homework here - we have a detailed pitch, PPM, roadmap, historic and projected P&Ls which showcase our various verticals (Sportsbook, Casino, B2B Wholesale Operations, Peer 2 Peer Revenue, etc). If you are interested in learning more you can check out TheOCMX, or send me a note directly as the opportunity on TheOCMX is non-exclusive so you don’t need to go through them to participate.
Because of our organizational structure, the minimum to invest is US $12,500, and based upon where you reside you may need to be considered an Accredited, or Sophisticated, Investor to participate.
Anyone that invests will be added as a member of the company and have full voting rights according to the shares they own. If you have an interest in participating but want to remain discreet we can work something out as well, but please contact me directly.
Can you please show the trade showing all bitcoins exchanged for the 50K