Topic: [796][ASICMINER-796] - Public trading of ASICMINER shares (Read 2445 times)

                          Procedures regarding direct share of ASICMINER transferred to 796 Exchange

Please send Friedcat an email (if you have shares, you know the email address) and cc us ([email protected]) with the following content or PM from bitcointalk and cc “796”:

Dear Friedcat,

Please transfer XX  shares:

From BTC address:    your bitcoin address on file with ASICMINER
(email address is:      your email address on file with ASICMINER)

To BTC address:       15qjCWZDdowam5DQrujWDijDEQwhsXzpVr
(email address is: [email protected])

Thanks!


As soon as we receive confirmation from Friedcat, we'll credit ASICMINER-796 shares to your 796 account.

Kind regards,
796 Exchange

As far as we know, Friedcat will not be receiving the final list from BTCT till Oct.10th.

If you'd like to have your shares transferred to 796 Exchange, please act immediately.

All the transfer will be processed within 8 hours.

a simple way to transfer ASICMINER-PT to ASICMINER-796 at BTCT

Dear friends,

We’re making it easier to transfer ASICMINER-PT to ASICMINER-796 at BTCT:

1. please make sure that you’re entering account “ xchange796” when attempting to transfer ASICMINER-PT to 796 Exchange, as shown in the following:


2. send mail to: [email protected] to inform of the number of shares you’d like to transfer as well as your account on both BTCT and 796 Exchange
  
   As soon as we receive the confirmation mail from BTCT, we'll credit the shares to your account and the transfer is meant to be successful. And then you may begin ASICMINER trading on 796 Exchange. (https://796.com)

   Besides, any kind of stocks that have been in circulation are permitted to trade on our platform for the moment. And those issuer may contact us if they have such demands. Mail address: [email protected]

    796 Exchange is established and operated by 796 Xchange Limited, which is a company incorporated with limited liability under the laws of Hong Kong with a registration number of 1911752.

    796 Exchange is a comprehensive financial website for Bitcoin-related services covering BTC futures trading, BTC gold futures, BTC stock index futures, BTC forex futures, BTC stocks trading, as well as margin trading.

    796 Exchange has managed to obtain fiat money service permission from Hong Kong Customs after strict examination for a period of one month. License number: 13-08-01255. We’re using the EV SSL safety certificate from VeriSign which could guarantee our members’ account safety to the greatest extent.

Kind regards,
796 Exchange

Here you go. In regards to the shutdown scare stuff, see here.

http://www.sec.gov/about/offices/oia/oia_cooparrangements.shtml

http://www.secactions.com/the-reach-of-the-sec-the-hong-kong-exchange/

Hong Kong doesn't let the SEC interfere so long as the transaction didn't take place in the United States.  What that means with regards to the Internet, I'm not sure.  However, if you're in a different country, the SEC apparently has no reach there.

MPOE-PR: I know this is off topic for this thread, but how does MPOE deal with securities compliance
and the possibility of shutdown by the SEC?

Considering the demands of our wide members and close attention from foreign investors, 796 Exchange has made a decision to adjust withdrawal fee and provide chances for withdrawal for free each month. The times for free withdrawal comes in line with your VIP tier. For example, VIP4 members could enjoy free withdrawal 4 times per month. Subsequent withdrawals within the same month are subject to a 0.3% fee.

Best,
796 Exchange

Quite possibly the least meaningful thing I've read all day.

Dear Sir,

Thanks for keep an eye on us and what you're concerned.
All the projects on our platform have been checked by lawyers before we carry out.
It's impossible to shut down for the moment. 

Kind regards,
796 Exchange

Can you give us the "reality check" of exactly what reach the US SEC may or may not have into a Hong Kong exchange like 796?

I just want to know if all of us running to get our shares over to 796 would be a solution to the problem or if the US Govt would just lobby the Hong Kong Govt and it would be shut down in a few weeks/months also.

 

Hi there,
796 Exchange is incorporated with limited liability under the laws of Hong Kong. Thus, we’re facing much smaller regulatory pressure. We’ll deal with the stocks appropriately with stocks issuers if we encounter unforeseen circumstances.

kind regards,
796 Exchange

out of curiosity, in worst case scenario (like btct closing event) do you have safeguards in place like btct did

introduction of ASICMINER-796

Shares
100 shares of ASICMINER-796 = 1share of ASICMINER.

Dividend
All dividend of the official ASICMINER will be paid by 796 Exchange to all the shareholders' of ASICMINER-796 with their 796 accounts.

Trading fees
Charged in line with the standard fee schedule in 796 Exchange.

Transfer in
Members may convert all official ASICMINER into ASICMINER-796 by contacting us. For detailed information, please send e-mail to [email protected].

Transfer out
Members are allowed to convert the ASICMINER-796 into direct hold of official ASICMINER at the ratio of 100 shares of ASICMINER-796 : 1 share of ASICMINER, with least 2,000 shares when transfer.
Shareholders may transfer official ASINMINER in the way of direct share at will. And they should send the wallet address, e-mail address as well as total shares which they'd like to transfer to: [email protected].
Important: We ensure that we'll inform ASICMINER by mail in 24 hours, but we can't be so sure about their schedule. We won't deliver the dividend to shareholders when it happens to be dividend distribution period as transfer launches.

Voting rights
All voting rights for ASICMINER-796 represented by ASICMINER will be decided at 796 Exchange's discretion.
Additional dividend or benefits
A board member seat may be received for every 5,000 ASICMINER shares (500,000 ASICMINER-796 shares). Once the board member status is confirmed and any income and dividend generated will be paid to all the holders of ASICMINER-796 after deducting costs.
796 Exchange reserves the following rights
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To make changes to this contract that represents the best interests of its shareholders.
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
4. Shares may be bought back from shareholders at a reasonable market value.
5. Convert ASICMINER-796 directly into ASICMINER.
6. Recombine stocks ratio.

Disclaim
796 Exchange makes no guarantee in the case of unexpected behavior and decisions of ASICMINER. ASICMINER-796 is just a kind of limited dividend.
We warmly welcome users to transfer their ASICMINER to 796 Exchange. For any questions, please send a mail to: [email protected].