Hi! Decentralized direct investments in the project will be made through the purchase of tokens. The funds raised will be used to construct and launch the production. Re-purchase of tokens will start at a time which will be set after the fundraising is finished. The financial assets involved in the ongoing Token Sale campaign, in the next 2 years will be aimed at achieving the goals defined by our Roadmap. The key expenditure items for us are Equipment and Administrative costs
Token holders have 3 exit scenarios: convert CCA tokens into shares of production plants, purchase of composite cylinders and buyback tokens at a smart contract. More information about the project can be found here https://cylinders.io/.
I like the flexibility of your token and especially the option to convert CCA tokens into shares. The business itself won't be recorded on the blockchain correct? So you are going to have a standard balance sheet and calculate your profit and with that buy tokens from back from the market? Will your financial statements be audited or how can investors be sure that the numbers you provide are correct?
I guess I also need to get familiar with the world composite cylinder market. Never ever dealt with it in the slightest.
Yes, we will have ordinary business with BS, P&L and CFS. But this is not a problem for our token holders, because we will distribute fixed part of revenue (or royalties) to token holders.
No need to understand our expenses and so on.
The buyback amount will calculated as % * revenue, where
% is fixed ( for Prague it is 30%)
Revenue will calculated based on actual sales of cylinders in real time. All necessary information will be opened and transparent to our token holders. It is not in our interest to make revenue low.
This the key point of the ICO. Token holders help us on the investment stage, then we help token holders receive upside on the operational stage.
From a professional standpoint it couldn't even hurt to understand your P&L and so on, but I was referring to what you said in the end, namely that there is the theoretical possibility that you understate revenues. It's simple principal-agent theory that's why I asked whether there will be financial audits. I think it's essential to bridge trust between globally distributed investors and a real business located somewhere in the world.