He seems to have Donald Trump and Madonna knocking on his door wanting to buy shares! Incredible!
DT needs to be locked away.
Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 109. (Read 378400 times)
August 11, 2013, 05:26:46 PM
August 11, 2013, 05:25:20 PM
Wow this IPO just keeps getting shadier. More shares, with perks, sold to mysterious "private investors" than on Bitfunder... why even list the company at all? Seems like a convenient way to rip off the shareholders to me.
August 11, 2013, 05:21:14 PM
This entire IPO boggles my mind. Good luck everyone.
August 11, 2013, 05:20:05 PM
In terms of investment process in the traditional sense, I would highly recommend everyone to read this on wiki to learn more about private equity investments.
http://en.wikipedia.org/wiki/Private_equity
The first sentence of the above wiki page reads
"In finance, private equity is an asset class consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange."
Which means that it has nothing to do with icedrill since it was announced to trade on bitfunder, i.e. publicly. However, a wiki page much more relevant to this story is
http://en.wikipedia.org/wiki/Fraud
and you could greatly benefit from reading it.
August 11, 2013, 05:12:45 PM
These will go to the bulk purchase individuals.
//DeadTerra
//DeadTerra
lol so the 'private investors' haven't actually taken their shares yet? What kind of amateurs would pay for but not insist they took receipt of the shares straight away??? Do these people actually exist?
Or are they 'promising' to pay for the shares at some future date provided the exchange price exceeds a certain level? If that is so you are screwing over your legitimate share-holders. Screwing them over.
August 11, 2013, 05:10:44 PM
No grease. No kiss. No cabfare. 
August 11, 2013, 05:06:55 PM
Batch one has been sold out.
Batch two has been put up for sale.
//DeaDTerra
Err, DT Another private buyer then? Like 5 minutes ago there were over 5M left.. then a 700k buy and now they're sold out??Batch two has been put up for sale.
//DeaDTerra
IceDrill.ASIC 24,973,548 19mvuvS2VgCWDtfGpsLnJAPhBp2ZcWM3xQ
The shares are all still in the IceDrill account.. Together with the 20M unissued shares only 5M shares have been sold so far on Bitfunder correct?
These will go to the bulk purchase individuals.
//DeadTerra
August 11, 2013, 05:06:04 PM
Batch one has been sold out.
Batch two has been put up for sale.
//DeaDTerra
Batch two has been put up for sale.
//DeaDTerra
Good work old buddy!
Never doubted you for a minute.
Full speed ahead!
August 11, 2013, 05:04:58 PM
Batch one has been sold out.
Batch two has been put up for sale.
//DeaDTerra
Err, DT Another private buyer then? Like 5 minutes ago there were over 5M left.. then a 700k buy and now they're sold out??Batch two has been put up for sale.
//DeaDTerra
IceDrill.ASIC 24,973,548 19mvuvS2VgCWDtfGpsLnJAPhBp2ZcWM3xQ
The shares are all still in the IceDrill account.. Together with the 20M unissued shares only 5M shares have been sold so far on Bitfunder correct?
August 11, 2013, 05:02:55 PM
I'm very new to all of this stuff, I didn't knew it was possible to buy shares at an IPO at a lower price than they were issued, damn, with all of those panic sellers I could have made a better deal... Lesson learned!
August 11, 2013, 04:58:05 PM
Batch one has been sold out.
Batch two has been put up for sale.
//DeaDTerra
Batch two has been put up for sale.
//DeaDTerra
August 11, 2013, 04:34:27 PM
Hi all, just to be clear:
Any negotiations that we enter into with Hashfast on behalf of investors will go directly toward the benefit of our investors.
Amendments made to the IPO document, if any, would be to add options for our investors on the subsequent tranches (beyond the 1st). This will go directly toward a redefinition of their successful completion, which is currently all-or-nothing. This could be done by optionally allowing for a lower amount than the full investment amount required (as stated) to bring at least the majority of the enterprise-level machines that have been earmarked for the IceDrill into play, on a pro-rated payment basis. The documentation of the (optional) amendment is currently undergoing legal scrutiny (yes, Hashfast works weekends) and we'll take everything said here under advisement, before changing anything.
//DeaDTerra
Any negotiations that we enter into with Hashfast on behalf of investors will go directly toward the benefit of our investors.
Amendments made to the IPO document, if any, would be to add options for our investors on the subsequent tranches (beyond the 1st). This will go directly toward a redefinition of their successful completion, which is currently all-or-nothing. This could be done by optionally allowing for a lower amount than the full investment amount required (as stated) to bring at least the majority of the enterprise-level machines that have been earmarked for the IceDrill into play, on a pro-rated payment basis. The documentation of the (optional) amendment is currently undergoing legal scrutiny (yes, Hashfast works weekends) and we'll take everything said here under advisement, before changing anything.
//DeaDTerra
August 11, 2013, 04:28:32 PM
Existing shareholders, I would suggest complaining to Ukyo immediately because I believe he should take action against this. No existing shareholders should have to pay for Deadterras change of terms after IPO launched. If Ukyo doesn't take action then he should be seen as liable as well for this big mistake.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
Agreed. If this were a regulated exchange, he would literally be facing prison time for attempting a white collar crim. You cannot guarantee a buyback if the proposed IPO fails, and then keep the money anyways. 100% shows a lack of character and indicates you should not trust this IPO by any means. No respect for shareholders.
This is why Ukyo needs to step up and enforce a buyback. Ukyo and Deadterra need to both realize that just because we are dealing with BTC, doesn't mean justice won't come later and nip them in the ass. Ukyo, the ball is in your court because Deadterra isn't going to fall back on his first promise.. do the right thing if you want any chance at keeping Bitfunder legit.
August 11, 2013, 04:25:15 PM
I sold... lost some dust in the process, thx a lot for the royal mess DT !
cctvtech how in the hell did you make profit selling ?
cctvtech how in the hell did you make profit selling ?
My guess is he bought at .~00138 and sold at .~00139
lol..
August 11, 2013, 04:03:38 PM
I sold... lost some dust in the process, thx a lot for the royal mess DT !
cctvtech how in the hell did you make profit selling ?
cctvtech how in the hell did you make profit selling ?
August 11, 2013, 03:52:37 PM
I sold my shares, made a tiny profit in dust.
The ship is sinking and there are to many holes to plug.
The ship is sinking and there are to many holes to plug.
August 11, 2013, 03:45:06 PM
Existing shareholders, I would suggest complaining to Ukyo immediately because I believe he should take action against this. No existing shareholders should have to pay for Deadterras change of terms after IPO launched. If Ukyo doesn't take action then he should be seen as liable as well for this big mistake.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
Agreed. If this were a regulated exchange, he would literally be facing prison time for attempting a white collar crim. You cannot guarantee a buyback if the proposed IPO fails, and then keep the money anyways. 100% shows a lack of character and indicates you should not trust this IPO by any means. No respect for shareholders.
August 11, 2013, 03:25:03 PM
Existing shareholders, I would suggest complaining to Ukyo immediately because I believe he should take action against this. No existing shareholders should have to pay for Deadterras change of terms after IPO launched. If Ukyo doesn't take action then he should be seen as liable as well for this big mistake.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
This is a serious issue, shareholders.. please protect yourself and fight back hard.
August 11, 2013, 02:51:35 PM
oh hey, I got filled. Woot, I'm out.
August 11, 2013, 02:46:05 PM
Yes, DeadTerra needs to address this immediately,
a lot of investors went into this knowing that a buyback would be promised if the company doesn't get full funding.
For this promise to be altered AFTER investing, constitutes deception and fraud.
a lot of investors went into this knowing that a buyback would be promised if the company doesn't get full funding.
For this promise to be altered AFTER investing, constitutes deception and fraud.
Couldn't agree more.
+1 - I'm one of those investors !
I'm selling at 0.001399... this is too much of a mess to stay in !
So glad I'm not invested in this company, it seems to evolve into a clusterfuck of major proportions.
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