[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 117.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: somestranger on August 06, 2013, 08:02:57 PM

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

Hmm, there are two further tranches to be released at .0015 and .0016. Don't you think that constrains the potential for IPO mania?

Also, if you purchase shares now and the third tranche fails, what will be the liquidation value of the company's assets to return to shareholders?

canuckgal

member

Activity: 104

Merit: 10

30,000,000 (30 Million) IceDrill.ASIC asset shares will be created at the IPO. 30,000,000 of these assets will be sold. Each asset represents 1/50,000,000 of the profit of the IceDrill mine.

So they are only selling 30,000,000 out of 50,000,000?

If they are keeping 20,000,000 to themselves, that means they are valuating their equity as BTC28,000?

I watch Dragons Den, so that practically makes me a professional. Tongue

stslimited

hero member

Activity: 546

Merit: 500

Quote from: damiano on August 06, 2013, 08:17:40 PM

Quote from: somestranger on August 06, 2013, 08:02:57 PM

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

Everything is already selling off on btct

as if burnside will transfer all the funds in time lol

superduh

hero member

Activity: 602

Merit: 500

Quote from: damiano on August 06, 2013, 08:17:40 PM

Quote from: somestranger on August 06, 2013, 08:02:57 PM

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

Everything is already selling off on btct

noone says people are rational. most of the "newbies" will wind up losing their money one way or another

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: somestranger on August 06, 2013, 08:02:57 PM

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

Everything is already selling off on btct

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

The success of the Icedrill relies on the timely delivery of Hasfast, which BTW is completely unpredictable. As far as I see, there is no other foundries that can overtake CHINA in this respect(Yes, I am referring BTCGARDEN@130nm or Labcoin, they are more practical and realistic). So I will be very very cautious in the investment.
1 share of Icedrill roughly equals 7.5m/s of hashing in FUTURES. I don't see the advantages over other PMBs even 25% is reserved for future expansion.
Grin

mgio

hero member

Activity: 546

Merit: 500

Quote from: homad on August 06, 2013, 06:45:07 PM

Please post IPO to BTCT. It just works... weexchange/bitfunder has been a consistent fail for me, i try every month or so, and i can't even get coins to my wallet. Cheers, keep up the good work. I've spoken with Hashfast and they are the real deal.

So say i grab a bunch at .0014 today... What date will there be any changes to valuation?

No.

BTCT is full of fail. Just look at the Labcoin IPO fiasco where people couldn't deposit coins in time to buy. Bitfunder all the way.

superduh

hero member

Activity: 602

Merit: 500

Quote from: somestranger on August 06, 2013, 08:02:57 PM

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

at 7 million USD compared to 1.5 million for Labcoin- this is a bargain how?

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

People better get in fast because these shares are a bargain compared to the other mining companies. We are going to see another IPO mania (like Labcoin and BTCGARDEN) as people sell off their other mining shares to get in on the action.

Plazma

full member

Activity: 224

Merit: 100

I would like to invest, but still not convinced.

JMG

newbie

Activity: 47

Merit: 0

Quote from: DeaDTerra on August 06, 2013, 04:31:39 PM

Purpose of the asset
Money raised through this offering will be combined with privately-raised capital (already secured) for the purpose of purchasing specialized ASIC mining equipment and establishing a secure, climate-controlled mine facility in Europe (the exact location is already selected but is confidential for security reasons).

So how much capital did the company raise previously?

superduh

hero member

Activity: 602

Merit: 500

Quote from: blastbob on August 06, 2013, 07:48:09 PM

Quote from: superduh on August 06, 2013, 07:37:17 PM

also, how much if ANY coins are the "shareholders/owners" putting up of their own money. or are they saying that their work/expertise is worth 40% management fee?

Yea need an answer on this one

see.. i think companies developing/running asics are worth more "management fees" as more difficult work is required (making the asics).
40% ownership if nothing is put up on their part (besides ordering and setting the facility up) is quite a big cut

blastbob

hero member

Activity: 602

Merit: 500

Quote from: superduh on August 06, 2013, 07:37:17 PM

also, how much if ANY coins are the "shareholders/owners" putting up of their own money. or are they saying that their work/expertise is worth 40% management fee?

Yea need an answer on this one

crumbs

full member

Activity: 210

Merit: 100

Quote from: DeaDTerra on August 06, 2013, 05:57:18 PM

...
Hm, your right.
As said the document was more made as a proof of concept.
its not meant to project anyone's specific returns but a model designed for investors to plug and play scenarios.
This will enable investors to project different scenarios to see what their potential ROI can be.
The model is in no way a tool to pre determine what profits an investor will make. it is simply a calculator for investors to play with.
It is impossible to make a exact estimate hence we do not state that we can. We simply offer a platform where you can make your own estimates.
//DeaDTerra

I peed my pants Cheesy

superduh

hero member

Activity: 602

Merit: 500

also, how much if ANY coins are the "shareholders/owners" putting up of their own money. or are they saying that their work/expertise is worth 40% management fee?

superduh

hero member

Activity: 602

Merit: 500

buyback clause of 1.2x is risky for investors... they can make a lot of coin (off the INITIAL investment of OTHERS) then just buy all the shares back at a small premium before announcing huge investments that they will only keep to themselves. this should be taken out- the forced buyback clause.

canth

legendary

Activity: 1442

Merit: 1001

No one knows how much time it will take to sell out 14M shares. It could be an hour from now (doubtful) or it could be 30 days or never. Once that happens, the price will float.

homad

newbie

Activity: 9

Merit: 0

I'm asking when is the next date at which valuation will deviate from .0014 / be out of IPO..

In other words how much time does everyone in the world have to get in on the IPO

adub

full member

Activity: 171

Merit: 100

Changing avatars is currently not possible.

You announce an IPO 1 hour before going live, and provide a spreadsheet as a starting point to estimate potential yields that is flawed. Huh

The way this IPO has been executed, it seems to encourage less due diligence. In a rush of panic trying not to miss the next big thing, investors will either have to choose research or buy now depending on how fast shares sell. Undecided

DeaDTerra

donator

Activity: 1064

Merit: 1000

We are now public on Bitfunder

//DeaDTerra

Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 117. (Read 378647 times)