Topic: [BTC-TC] BitVPS - page 13. (Read 33043 times)
We're not currently planning to release any more shares than the ones which were already released. They used to be RG's and are now the new administration's shares. Any sale of shares wouldn't go toward expenses for BitVPS.
Thank you, namworld, for your detailed answer. I like your company, because of the nice investor relation policies and because I like the way you are handling the "turnaround". I'm really looking forward to your next earning record, because I'm curious how the company's development continued.
Sadly, the valuation at btct is still somewhat high: If we assume you'll make it to monthly earnings of 1000 USD in the near future, this would at the moment equal 11.6 BTC per month or 139.2 BTC per year. However, your market cap is at 1000000*0.003 = 3000 BTC, which gives a P/E of
3000 / 139.2 = 21.6
That P/E for the optimistic case seems a little high for me. E.g. McDonalds has a P/E around 16.5 at the moment, and they are little more established than your company at the moment
So to justify the valuation, you would either need to grow the company at a really high speed or the BTC conversion rate has to go down significantly.
Therefore, if I were you, I would try to sell as many shares as possible at this high valuation and buy more servers in turn. Because now you are getting the most USD and therefore the most server capacity out of your BTC.
So things are staying exciting. I'll keep watching bitvps and see if I'll find a good time to invest.
Sadly, the valuation at btct is still somewhat high: If we assume you'll make it to monthly earnings of 1000 USD in the near future, this would at the moment equal 11.6 BTC per month or 139.2 BTC per year. However, your market cap is at 1000000*0.003 = 3000 BTC, which gives a P/E of
3000 / 139.2 = 21.6
That P/E for the optimistic case seems a little high for me. E.g. McDonalds has a P/E around 16.5 at the moment, and they are little more established than your company at the moment
So to justify the valuation, you would either need to grow the company at a really high speed or the BTC conversion rate has to go down significantly.Therefore, if I were you, I would try to sell as many shares as possible at this high valuation and buy more servers in turn. Because now you are getting the most USD and therefore the most server capacity out of your BTC.
So things are staying exciting. I'll keep watching bitvps and see if I'll find a good time to invest.
The 1 million shares are paid for, just like they used to on MPEx.
February hasn't been the best month but that can depend on when renewal dates are on servers.
As for becoming profitable, you will notice in an announcement on BTCT.co
The servers rent we will be cutting will total 1,349 USD, estimated costs for colocation will be 500-600 USD. A minimum of 700 USD monthly in savings. With more clients/servers, the savings on colocation would be even greater with discounts from the datacenter.
As a side note, there was 1,381.94 USD income in February, not 1129.48 USD. 1129.48 USD is only BTC -> USD conversions at the time. There was also some sales in USD.
We have a much better month for March to top it, you can wait for the March statement. We also have a new design at no costs. We'll still have to pay for servers rent on top of it, hopefully only for one more month, while we get in touch with every customers and get them transferred. With the savings we can pay the debt for the equipment and after a few months we'll be turning in a profit.
Regards.
February hasn't been the best month but that can depend on when renewal dates are on servers.
As for becoming profitable, you will notice in an announcement on BTCT.co
Quote
Planned Savings:
Chicago 1: 410 USD
Dallas 2: 227 USD
California 1: 259 USD
California IP range: 24 USD
California IP range: 29 USD
California 2: 400 USD
Estimated colocation costs in New York: Up to 600 USD depending on bandwidth/# IPs/extras used by customers.
Chicago 1: 410 USD
Dallas 2: 227 USD
California 1: 259 USD
California IP range: 24 USD
California IP range: 29 USD
California 2: 400 USD
Estimated colocation costs in New York: Up to 600 USD depending on bandwidth/# IPs/extras used by customers.
The servers rent we will be cutting will total 1,349 USD, estimated costs for colocation will be 500-600 USD. A minimum of 700 USD monthly in savings. With more clients/servers, the savings on colocation would be even greater with discounts from the datacenter.
As a side note, there was 1,381.94 USD income in February, not 1129.48 USD. 1129.48 USD is only BTC -> USD conversions at the time. There was also some sales in USD.
We have a much better month for March to top it, you can wait for the March statement. We also have a new design at no costs. We'll still have to pay for servers rent on top of it, hopefully only for one more month, while we get in touch with every customers and get them transferred. With the savings we can pay the debt for the equipment and after a few months we'll be turning in a profit.
Regards.
Just thought I would state that BitVPS is a great company and I'll be renewing my annual subscription in a month or two. I will be getting a KVM-6 this time, since my kongzi.ca project is almost ready to go live and is already accumulating users and data. So that should help out with the costs.
Good luck guys. Great business.
The 1 million shares are paid for, just like they used to on MPEx.
February hasn't been the best month but that can depend on when renewal dates are on servers.
As for becoming profitable, you will notice in an announcement on BTCT.co
The servers rent we will be cutting will total 1,349 USD, estimated costs for colocation will be 500-600 USD. A minimum of 700 USD monthly in savings. With more clients/servers, the savings on colocation would be even greater with discounts from the datacenter.
As a side note, there was 1,381.94 USD income in February, not 1129.48 USD. 1129.48 USD is only BTC -> USD conversions at the time. There was also some sales in USD.
We have a much better month for March to top it, you can wait for the March statement. We also have a new design at no costs. We'll still have to pay for servers rent on top of it, hopefully only for one more month, while we get in touch with every customers and get them transferred. With the savings we can pay the debt for the equipment and after a few months we'll be turning in a profit.
Regards.
February hasn't been the best month but that can depend on when renewal dates are on servers.
As for becoming profitable, you will notice in an announcement on BTCT.co
Quote
Planned Savings:
Chicago 1: 410 USD
Dallas 2: 227 USD
California 1: 259 USD
California IP range: 24 USD
California IP range: 29 USD
California 2: 400 USD
Estimated colocation costs in New York: Up to 600 USD depending on bandwidth/# IPs/extras used by customers.
Chicago 1: 410 USD
Dallas 2: 227 USD
California 1: 259 USD
California IP range: 24 USD
California IP range: 29 USD
California 2: 400 USD
Estimated colocation costs in New York: Up to 600 USD depending on bandwidth/# IPs/extras used by customers.
The servers rent we will be cutting will total 1,349 USD, estimated costs for colocation will be 500-600 USD. A minimum of 700 USD monthly in savings. With more clients/servers, the savings on colocation would be even greater with discounts from the datacenter.
As a side note, there was 1,381.94 USD income in February, not 1129.48 USD. 1129.48 USD is only BTC -> USD conversions at the time. There was also some sales in USD.
We have a much better month for March to top it, you can wait for the March statement. We also have a new design at no costs. We'll still have to pay for servers rent on top of it, hopefully only for one more month, while we get in touch with every customers and get them transferred. With the savings we can pay the debt for the equipment and after a few months we'll be turning in a profit.
Regards.
Hi,
thank you for the earning statements of the last monthes. However, I would be also interested in an inventory. Right now, if I do it myself, I get:
Server #1: 1706.65 USD
Server #2: 2419.99 USD
RAM: 636.00 USD
Reserve: -4684.33 USD
= 78.31 USD
Is that correct?
Also, as a potential investor, I would like to know about your plans to make your business profitable again. Because right now your february expenses even after deducing the purchases amount to 1364.37 USD, while your sales are only 1129.48. I like your idea of buying servers instead of renting them. But still, I need some more trust in future earnings to actually invest.
One last question: Will the profits be distributed to all shares (1000000) or only to the outstanding shares (262408)? Because right now I understood, that the non-outstanding shares belong to the management and therefore their part of the earnings will go to you.
thank you for the earning statements of the last monthes. However, I would be also interested in an inventory. Right now, if I do it myself, I get:
Server #1: 1706.65 USD
Server #2: 2419.99 USD
RAM: 636.00 USD
Reserve: -4684.33 USD
= 78.31 USD
Is that correct?
Also, as a potential investor, I would like to know about your plans to make your business profitable again. Because right now your february expenses even after deducing the purchases amount to 1364.37 USD, while your sales are only 1129.48. I like your idea of buying servers instead of renting them. But still, I need some more trust in future earnings to actually invest.
One last question: Will the profits be distributed to all shares (1000000) or only to the outstanding shares (262408)? Because right now I understood, that the non-outstanding shares belong to the management and therefore their part of the earnings will go to you.
We're not issuing any more shares on the market currently. We're just keeping the shares alive.
Sure, but the financials on your site end last July. Something current will help me decide if the listing is worth it to me to buy from the float. I understand you are getting the house in order, so I am not sitting here demanding they be up in the next hour, but sometime soon, like within a month should be a goal.
We're not issuing any more shares on the market currently. We're just keeping the shares alive.
RG wasn't making any. The finances for the last few months he was around are unkown.
When do you plan to release something current then? Seeing some picture of the company's performance would go far before anyone were to invest.
RG wasn't making any. The finances for the last few months he was around are unkown.
Where are past monthly statements of performance?
Nope, it was not, He sent his signature the day before we got delisted I think.
We now have all holders confirmed and moved to BTCT.co
We now have all holders confirmed and moved to BTCT.co
Shares have been transferred. We're missing 1 individual to sign/show himself.
Is it brendio? :/
Shares have been transferred. We're missing 1 individual to sign/show himself.
Updated op post.
We're now taking signed statements for BitVPS's transfer.
We're now taking signed statements for BitVPS's transfer.
Hello,
S.BVPS is being moved to BTCT.co (Delisting from MPEx on the 15th)
Everyone will receive intructions soon.
Regards.
S.BVPS is being moved to BTCT.co (Delisting from MPEx on the 15th)
Everyone will receive intructions soon.
Regards.
Thanks a lot! I hope Brendio is still around!
Hello,
S.BVPS is being moved to BTCT.co (Delisting from MPEx on the 15th)
People can sign with their MPEx gpg key a message containing only their BTCT.co username and send it to me as of now. Once we get the list of keys with associated holding, we'll begin transferring.
Regards.
S.BVPS is being moved to BTCT.co (Delisting from MPEx on the 15th)
People can sign with their MPEx gpg key a message containing only their BTCT.co username and send it to me as of now. Once we get the list of keys with associated holding, we'll begin transferring.
Regards.
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