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Topic: [ANN][XRC]RhinoCoin - A Decentralized Record Label - SKYHOOK - NEW WEBSITE - page 9. (Read 34847 times)

newbie
Activity: 39
Merit: 0
Is this forum being translated?

As of current the post is only in English, what do you suggest ?
member
Activity: 93
Merit: 10
so about 2000BTC will be raised through ipo?Huh

oh,Im out..
newbie
Activity: 29
Merit: 0
Why not launch this on NXT Asset Exchange?  It would require 10x less work and still accomplish the same goal.
hero member
Activity: 658
Merit: 500
full member
Activity: 175
Merit: 100
Seems like a cool idea!
sr. member
Activity: 278
Merit: 258
Twitter: @maccaspacca1
A few of questions...

Do you own the building that you are in?
Does the company have any significant debts / leases?
Do you own all the assets you mention in the pre-ann?

Smiley


We currently have a yearly renewable lease which has been in effect since 2004.

The Recording studio and/or Label does not have any debts or liabilities

All the assets mentioned in the pre-ann are owned outright. There are no loans or leans on any of the equipment or assets.

The assets listed in the pre-announcement are just a partial equipment list, listing most of the gear and instruments.  A fully detailed asset list will be available in the future.

Looking better, look forward to following this up to the IPO launch Smiley
newbie
Activity: 39
Merit: 0
A few of questions...

Do you own the building that you are in?
Does the company have any significant debts / leases?
Do you own all the assets you mention in the pre-ann?

Smiley


We currently have a yearly renewable lease which has been in effect since 2004.

The Recording studio and/or Label does not have any debts or liabilities

All the assets mentioned in the pre-ann are owned outright. There are no loans or leans on any of the equipment or assets.

The assets listed in the pre-announcement are just a partial equipment list, listing most of the gear and instruments.  A fully detailed asset list will be available in the future.
newbie
Activity: 11
Merit: 0
sr. member
Activity: 278
Merit: 258
Twitter: @maccaspacca1
A few of questions...

Do you own the building that you are in?
Does the company have any significant debts / leases?
Do you own all the assets you mention in the pre-ann?

Smiley
newbie
Activity: 10
Merit: 0
looks interesting...although if I were to buy a company or shares in a company, financial history (turnover, overheads etc) is essential information and quite normal for it to be provided.

https://bitcointalksearch.org/topic/uads-ultimate-altcoin-daytraders-spreadsheet-crypto-trade-journal-584664 Ultimate Altcoin daytraders spreadsheet

This. No transparency.
sr. member
Activity: 278
Merit: 258
Twitter: @maccaspacca1
Nice concept

Will be keeping an eye on this one.

Maybe a couple of endorsements from respected cryptocurrency community members and a check of your code by an independent crypto dev would also help.

Would be even more interesting for IPO to be hosted by a respected exchange e.g. Poloniex - which has good IPO guidelines
member
Activity: 101
Merit: 10
uads.io
looks interesting...although if I were to buy a company or shares in a company, financial history (turnover, overheads etc) is essential information and quite normal for it to be provided.

https://bitcointalksearch.org/topic/uads-ultimate-altcoin-daytraders-spreadsheet-crypto-trade-journal-584664 Ultimate Altcoin daytraders spreadsheet
full member
Activity: 190
Merit: 100
Is this forum being translated?
sr. member
Activity: 280
Merit: 250
I'm assuming there is going to be an escrow?
newbie
Activity: 39
Merit: 0
Questions.

(i) Can you present the ownership details of the company?
(ii) Are you the owner of the company?
(iii) Will the dividends be based on gross or net earnings?
(iv) Will the earnings (as well as operational costs) be vetted by an independent auditor each payment cycle?
(v) Are you able to furnish annual (even quarterly) financial information for the last year or more, along with balance sheets, income statements and cash flows (all notarized)?
(vi) Will IPO holders have a say in operational matters (capex, hiring, wages, costs, etc.)?
(vii) Will you prepare legal documents that prevents you from disposing/selling the business after the IPO?

This is a very novel concept - one that I am prepared to participate.
However, the I think it is only fair that you lay your cards out on the table.
After all, it is not difficult to take photographs of some random studio.

1- The RhinoCoin Label & Studio will be owned by the community of RhinoCoin holders.

2- On august 1st 2014 all assets and ownership will be transferred to a Trust Company "The RhinoCoin Trust" the beneficiaries of which will be the holders of RhinoCoin and/or associated RhinoCoin addresses.  Any additional details would have to be answered by our lawyer

3- As detailed in the outline the dividends will be the Gross earnings for a period of one year.

4- Yes that is completely possible and probably a good idea but will incur some additional business costs unless some creative solutions are presented.  The RhinoCoin website and twitter feed @RhinoCoinXRC will keep the community up to date with current studio clients and projects.

5- The studio is in a 2,500 Sq.Ft space located completely renovated and sound proofed, with multiple recording spaces, isolation booths and mixing spaces tailored for a wide range of applications.  The equipment list is extensive and state of the art, the studio has been in operation for ten years and has varied client list.  I cannot disclose financial history but I can say that the business and assets are owned outright and does not have any outstanding debts or loans and all assets, rights and ownership will be transferred to The RhinoCoin Trust

6-  As detailed in the outline yes, RhinoCoin holders will have say in the business operation, the signing of artists, label/studio management and promotions and any other aspects that the community feels important.  We felt to simplify matters all operational costs will be covered for a period of 1 year.  This will permit the community to grow and prosper without any financial obligations or concerns

7-  As I have mentioned the RhinoCoin Trust will be created and all associated documentation will be available to the community.

As you mentioned this is a novel concept :-) and we embrace all new suggestions and feedback.  We have been in the music business our entire lives and have also come to appreciate the amazing possibilities with crypto currencies and decentralized organizations.
sr. member
Activity: 252
Merit: 250
Questions.

(i) Can you present the ownership details of the company?
(ii) Are you the owner of the company?
(iii) Will the dividends be based on gross or net earnings?
(iv) Will the earnings (as well as operational costs) be vetted by an independent auditor each payment cycle?
(v) Are you able to furnish annual (even quarterly) financial information for the last year or more, along with balance sheets, income statements and cash flows (all notarized)?
(vi) Will IPO holders have a say in operational matters (capex, hiring, wages, costs, etc.)?
(vii) Will you prepare legal documents that prevents you from disposing/selling the business after the IPO?

This is a very novel concept - one that I am prepared to participate.
However, the I think it is only fair that you lay your cards out on the table.
After all, it is not difficult to take photographs of some random studio.



so about 2000BTC will be raised through ipo?Huh


Disount IPO remember... I'm not sure but 2000btc is quite low in my eyes great for early investors!

The more I read it I have no doubt the IPO will sell out first week
For $1.1 million (2,000BTC), you can set up a brand new, state of the art recording studio. It is a fair comment, I believe.

I also have these questions, we need to know more information.
sr. member
Activity: 252
Merit: 250
I like music!!! I'm in...
sr. member
Activity: 700
Merit: 250
Vave.com - Crypto Casino
Questions.

(i) Can you present the ownership details of the company?
(ii) Are you the owner of the company?
(iii) Will the dividends be based on gross or net earnings?
(iv) Will the earnings (as well as operational costs) be vetted by an independent auditor each payment cycle?
(v) Are you able to furnish annual (even quarterly) financial information for the last year or more, along with balance sheets, income statements and cash flows (all notarized)?
(vi) Will IPO holders have a say in operational matters (capex, hiring, wages, costs, etc.)?
(vii) Will you prepare legal documents that prevents you from disposing/selling the business after the IPO?

This is a very novel concept - one that I am prepared to participate.
However, the I think it is only fair that you lay your cards out on the table.
After all, it is not difficult to take photographs of some random studio.



so about 2000BTC will be raised through ipo?Huh


Disount IPO remember... I'm not sure but 2000btc is quite low in my eyes great for early investors!

The more I read it I have no doubt the IPO will sell out first week
For $1.1 million (2,000BTC), you can set up a brand new, state of the art recording studio. It is a fair comment, I believe.
sr. member
Activity: 462
Merit: 250
so about 2000BTC will be raised through ipo?Huh


Disount IPO remember... I'm not sure but 2000btc is quite low in my eyes great for early investors!

The more I read it I have no doubt the IPO will sell out first week

LOL

lets make it 1000000000 BTC!
legendary
Activity: 1260
Merit: 1009
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