[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 409.

lobbes

full member

Activity: 240

Merit: 101

Quote from: drawingthesun on November 01, 2013, 07:48:23 PM

When the worlds first fully US licenced exchange does appear and starts listing companies, I strongly suggest that ActiveMining file its paperwork with the SEC and attempt to gain listing on such an exchange. The legal part will bring a huge amount of liquidity to the market.

However I see no legal exchange on the horizon, and this Havelock news does not seem legit at all.

I did some Googling on "Panama Fund, S.A," and there isn't too much besides the Havelock article itself. I did find this list which gives them a 'resolution date' of 06-Oct-08

http://translate.google.com/translate?hl=en&sl=es&u=http://www.supervalores.gob.pa/files/Sociedades/sociedades_inversion_registradas_notificadas.pdf&prev=/search%3Fq%3D%2522The%2BPanama%2BFund,%2BS.A%2522%26rlz%3D1C1FDUM_enUS481US481%26espv%3D210%26es_sm%3D93%26biw%3D1304%26bih%3D664

Either way, since ActiveMining operates out of the U.S, anything short of a fully licensed US exchange is probably going to pose problems.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: shadallion on November 01, 2013, 06:26:34 PM

Quote from: somestranger on November 01, 2013, 06:14:52 PM

I would prefer if they went ahead with the ActiveExchange instead of moving to yet another site. The share transfers have got to be a major waste of time for Ken & Co.

Really? What are the advantages to the share price to keep them in an ActM-only exchange?

I would MUCH rather have the shares available in an open exchange where anyone can easily buy and sell positions, not a private exchange where only hardcore ActiveMining enthusiasts are trading amongst themselves.

Why do you want to send your shares to another exchange which is not registered legally in the US and will inevitably be shut down when the SEC comes a knocking. Share price should not be your only concern. Every minute Ken spends dealing with another transfer or share issue is a minute he spends distracted from ActiveMining's core business. Move to direct and lets get direct dividends fuck the liquidity and the share price all we need are div's for now and later once colored coins come about we can trade shares there.

TLDR: Lets let Ken focus on the business and not share issues by moving to direct shares for a while fuck the share price.

drawingthesun

legendary

Activity: 1176

Merit: 1015

When the worlds first fully US licenced exchange does appear and starts listing companies, I strongly suggest that ActiveMining file its paperwork with the SEC and attempt to gain listing on such an exchange. The legal part will bring a huge amount of liquidity to the market.

However I see no legal exchange on the horizon, and this Havelock news does not seem legit at all.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Remember everyone, no proof this new fund thing with Havelock is fully licenced to sell US securities.

It looks like they just moved country, that is all. Nothing fundamental has been changed so I urge caution when considering them. I recommend waiting it out a few months to determine how "legal" their new system is. I suspect they will soon block US customers, unless they start filing paperwork with the SEC.

Effayy

member

Activity: 75

Merit: 10

Quote from: somestranger on November 01, 2013, 07:09:53 PM

Quote from: shadallion on November 01, 2013, 06:26:34 PM

Really? What are the advantages to the share price to keep them in an ActM-only exchange?

I never said there were any.

Quote from: shadallion on November 01, 2013, 06:26:34 PM

I would MUCH rather have the shares available in an open exchange where anyone can easily buy and sell positions, not a private exchange where only hardcore ActiveMining enthusiasts are trading amongst themselves.

The "ActiveExchange" would be a public exchange just like Bitfunder et al, but there won't be market trading until colored coins. Good luck easily buying and selling positions on Havelock with its very low liquidity.

Currently, yes. However, if they are truly "fully licensed" as they say, it will likely bring the investors in, creating liquidity. Worth keeping an eye on, at least.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: SoylentCreek on November 01, 2013, 05:21:46 PM

Quote

https://www.havelockinvestments.com/20131101-announcement.php

FOR IMMEDIATE RELEASE

November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.

The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.

With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.

The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.

Please tell me Ken is now considering using Havelock!

boy oh, I'm kinda torn.... I'd like to have access to other options, but I'm sick of transferring stuff allover the place.

PLUS - I like where Colored Coins are heading: DECENTRALIZE everything.

EDIT: just took a peek around Havelock, the interface is ~~carp~~ crap.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: shadallion on November 01, 2013, 06:26:34 PM

Really? What are the advantages to the share price to keep them in an ActM-only exchange?

I never said there were any.

Quote from: shadallion on November 01, 2013, 06:26:34 PM

I would MUCH rather have the shares available in an open exchange where anyone can easily buy and sell positions, not a private exchange where only hardcore ActiveMining enthusiasts are trading amongst themselves.

The "ActiveExchange" would be a public exchange just like Bitfunder et al, but there won't be market trading until colored coins. Good luck easily buying and selling positions on Havelock with its very low liquidity.

WikileaksDude

hero member

Activity: 490

Merit: 500

Quote from: SoylentCreek on November 01, 2013, 05:21:46 PM

Quote

https://www.havelockinvestments.com/20131101-announcement.php

FOR IMMEDIATE RELEASE

November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.

The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.

With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.

The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.

Please tell me Ken is now considering using Havelock!

Why can't bitfunder do this? I like bitfunder much more than haveshit

shadallion

full member

Activity: 304

Merit: 102

Quote from: somestranger on November 01, 2013, 06:14:52 PM

I would prefer if they went ahead with the ActiveExchange instead of moving to yet another site. The share transfers have got to be a major waste of time for Ken & Co.

Really? What are the advantages to the share price to keep them in an ActM-only exchange?

I would MUCH rather have the shares available in an open exchange where anyone can easily buy and sell positions, not a private exchange where only hardcore ActiveMining enthusiasts are trading amongst themselves.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

I would prefer if they went ahead with the ActiveExchange instead of moving to yet another site. The share transfers have got to be a major waste of time for Ken & Co.

SoylentCreek

sr. member

Activity: 266

Merit: 250

Quote

https://www.havelockinvestments.com/20131101-announcement.php

FOR IMMEDIATE RELEASE

November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.

The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.

With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.

The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.

Please tell me Ken is now considering using Havelock!

Stuartuk

sr. member

Activity: 266

Merit: 250

Yep but the security issue over how Ukyo stores the documents we supply is a concern. If the SEC request them does he hand them over? Are they going to be safe from hackers? Not insignificant risks involved there.

Edit - oh OK so if you are still non-Verified (or a US resident) by Dec 1st your shares get sent to Ken anyway for holding.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Stuartuk on November 01, 2013, 01:48:43 PM

The only thing is, I just realised if you wanted to reinvest the divs into more shares that may not be possible on BF? mmmmm

EDIT-

looks like that would be OK for Verified users:

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

EDIT2-

And obviously from today you can't trade unverified (haven't tried yet) so the above is a side issue really. If you don't want to re-invest, your divs will be moveable/automatically moved to WeExchange - I'm guessing every week by Ukyo? Seems a lot of work for him. Surely he might have to block divs for non-verified users to stop btc building up in their account? Either that or ignore the divs?

I thought you're in the UK? trading and DRIP shouldn't be a problem if you get yourself verified.

Stuartuk

sr. member

Activity: 266

Merit: 250

The only thing is, I just realised if you wanted to reinvest the divs into more shares that may not be possible on BF? mmmmm

EDIT-

looks like that would be OK for Verified users:

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

EDIT2-

And obviously from today you can't trade unverified (haven't tried yet) so the above is a side issue really. If you don't want to re-invest, your divs will be moveable/automatically moved to WeExchange - I'm guessing every week by Ukyo? Seems a lot of work for him. Surely he might have to block divs for non-verified users to stop btc building up in their account? Either that or ignore the divs?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Stuartuk on November 01, 2013, 01:41:36 PM

Quote from: knybe on November 01, 2013, 01:40:42 PM

Quote from: Stuartuk on November 01, 2013, 01:39:10 PM

I'm holding for the divs so am not concerned with being able to trade so was keeping them in BF until there is a clear alternative. Sound OK?

excellent choice

Really? I'm not sure if you are being serious. You mean holding for the divs?

No really, as far as I know divs can go either to BF accounts or to public bitcoin addresses (i.e. direct shares)... We'll know Wednesday

JimmyJazz

full member

Activity: 207

Merit: 100

I expect a high share price when we get back to trading (hopefully using colour coins). Due to dividends starting to roll in thick and fast.
And being unable to trade while this is happening..

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: knybe on November 01, 2013, 01:40:42 PM

Quote from: Stuartuk on November 01, 2013, 01:39:10 PM

I'm holding for the divs so am not concerned with being able to trade so was keeping them in BF until there is a clear alternative. Sound OK?

excellent choice

Really? I'm not sure if you are being serious. You mean holding for the divs?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Stuartuk on November 01, 2013, 01:39:10 PM

I'm holding for the divs so am not concerned with being able to trade so was keeping them in BF until there is a clear alternative. Sound OK?

excellent choice

Stuartuk

sr. member

Activity: 266

Merit: 250

I'm holding for the divs so am not concerned with being able to trade so was keeping them in BF until there is a clear alternative. Sound OK?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

hmmm quiet day on the ACTM thread...

everyone got there shares transferred?

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 409. (Read 771542 times)