Topic: Another way to trade Bitcoin on the stock exchange - think I found another way (Read 1350 times)
February 04, 2012, 04:01:22 PM
Very interesting. Thanks for the update.
February 04, 2012, 03:53:37 PM
As described in my post here: https://bitcointalksearch.org/topic/there-is-a-way-we-can-trade-bitcoin-without-getting-shut-down-constantly-read-49854 I was discussion the fact of listing Bitcoin on a stock exchange, and issuing bonds/EFT which was indirectly pegged to Bitcoin/Bitcoin price swings.
While the venture would kill me financially, as I was reaching 300.000£ when paying up all fees for the different parties I think I may have found a better way around it, which wont be AS expensive, however still a substantial amount.
The goal has been from day 1 of this project to get Bitcoin exposed to the credit markets where the real money lies. An institutional investor wants to buy listed and authorized financial products, period.
Some of you may have heard of reverse mergers and shell stock acquisition in order to fast track on the credit markets. While this is highly popular in USA through the OTCBB and Pink Sheets (two OTC stock exchanges), its less used in Europe, however still possible.
To cut it short, I was looking at reverse merging a private company (could be a 1$ UK Ltd company) into an empty shell, thus giving listing on a stock exchange suck as DAX or FTSE in less than a few weeks time. After which issuing a new product from the company would be "easy & inexpensive".
So there is this portal: http://www.mergernetwork.com/ (or direct: http://www.mergernetwork.com/index.cfm?fuseaction=browseBFS.search&resetSearch=1&isSubmitted=true&method=Home+Page&bc_label=Search&bc_url=%2F&indID=&indID_1=0&locID=71&locID_1=71&locID_2=71)
Apparently where some companies are selling their shell company listed on a given stock exchange. What we need is a company that is a shell and has a float of shares and bonds. Once such company is found, its just buying the shell and doing a reverse merger and changing the memorandum and articles to reflect the new business model. And with this we have ventured into the 100.000€ (yes Euro) zone, thus cutting short 2/3 of the required investment.
I may be wrong, but if anyone has ANY experience with reverse mergers and shell stock acquisition as well as changing existing memorandum/articles after a takeover please contact me.
For the rest of you, see if you can find a nice shell that falls into term with what we need in order to actually make Bitcoin a serious financial instrument that professional investors can invest in through the credit markets.
While the venture would kill me financially, as I was reaching 300.000£ when paying up all fees for the different parties I think I may have found a better way around it, which wont be AS expensive, however still a substantial amount.
The goal has been from day 1 of this project to get Bitcoin exposed to the credit markets where the real money lies. An institutional investor wants to buy listed and authorized financial products, period.
Some of you may have heard of reverse mergers and shell stock acquisition in order to fast track on the credit markets. While this is highly popular in USA through the OTCBB and Pink Sheets (two OTC stock exchanges), its less used in Europe, however still possible.
To cut it short, I was looking at reverse merging a private company (could be a 1$ UK Ltd company) into an empty shell, thus giving listing on a stock exchange suck as DAX or FTSE in less than a few weeks time. After which issuing a new product from the company would be "easy & inexpensive".
So there is this portal: http://www.mergernetwork.com/ (or direct: http://www.mergernetwork.com/index.cfm?fuseaction=browseBFS.search&resetSearch=1&isSubmitted=true&method=Home+Page&bc_label=Search&bc_url=%2F&indID=&indID_1=0&locID=71&locID_1=71&locID_2=71)
Apparently where some companies are selling their shell company listed on a given stock exchange. What we need is a company that is a shell and has a float of shares and bonds. Once such company is found, its just buying the shell and doing a reverse merger and changing the memorandum and articles to reflect the new business model. And with this we have ventured into the 100.000€ (yes Euro) zone, thus cutting short 2/3 of the required investment.
I may be wrong, but if anyone has ANY experience with reverse mergers and shell stock acquisition as well as changing existing memorandum/articles after a takeover please contact me.
For the rest of you, see if you can find a nice shell that falls into term with what we need in order to actually make Bitcoin a serious financial instrument that professional investors can invest in through the credit markets.
Jump to: