The bond is running since 1 weeks already but I didnt had time to open the thread for it. 10 shares has been sold already.
https://btct.co/security/ESECURITYSABTC
Please find below the contract :
This contract is a copy of the LTC Esecurity SA funds available in LTC market
since 2 months.
Introduction: This contract explains the Esecurity SA BTC Fund. The capital of
this fund will be invested to buy 10 servers at 2500 usd each (25 000 usd total)
Those servers will be pluged to our network (koddos.com) and will be rented to
our customers. 2500 shares will be issued according BTC/USD market price
representing 10 usd each. The monthly average price we do rent our servers is
450 usd. 30% of the server USD income will be converted in BTC to pay dividend
to shareholders. Dividend will be paid out monthly at the first day of each month.
Company presentation:
Esecurity SA, is a Belize registered company since 3 years.
Koddos.com is a division of Esecurity SA. Koddos is a premium hosting service
that specializes in high end hosting. It utilize the latest technologies and
high end hardware to provide an environment where your webpages will be served
at the fastest possible speed while providing security against DDOS and other
kind of attacks. High DDOS protecton, and proxy ip are available a affordable price.
We also offer Offshore Hosting for special business.
Esecurity SA is owning for 400 000 usd of hardware around( Routers, Box DDOS
protection, servers... Company have 2 shareholders and 5 full and half time workers.
Price of share : 2500 shares will be issued at total with the goal to obtain 10
usd per share on BTC/USD exchange market. Price of shares will also follow the
BTC/USD market price.
Dividends Terms: 30% of the severs income in USD will be distribued monthly. 70%
are held by the issuer for maintenance, bandwitch cost, company cost and some
profits. The average price we rent one server is 450 usd. We do rent our servers
from 400 usd to 5000 usd monthly as DDOS protection have multi level an price.
Dividend will forward the income. Server are guaranteed for 5 years.
Example : We rent each server 450 usd monthly. The issuer will take 135 usd to
convert it in btc for payment of dividends.
Example 2 : The second month one customer is DDOS attacked and upgrade his
protection. He pay now 1000 usd monthly, 300 usd will be also converted for
dividend.
Profitability Risk: Issuer can not give any profit guarantee as it is impossible
to predict the future BTC price. However the usd profit is guaranteed. As the
USD profits are converted in BTC, the profit will increase if BTC prise decrease
and will decrease if BTC price increase.. The profit depend mainly of BTC price.
Additionnaly as quoted previously, the profit rate will depend either of the
price our customer rent the server monthly.
Closing of the Operation: Issuer reserves the right to stop the operation of the
fund for the following reasons:
1) Issuer can stop the operation due to its becoming unprofitable for the company.
2) Issuer can stop the operation due to illness or other severe health or life
problems
3) Issuer can stop the operation if the company close.
4) Issuer can decide to close the fund for any other reasons than quoted previously.
The the 1-3 reason, the issuer can close the Fund at anytime. For the reason 4,
the issuer can close the fund only after 1 year of operation.
Liquidation of the Fund: When liquidation happens , 25 000 usd ( initial amount
USD invested by shareholders in the fund) will be converted to BTC by the issuer
and reversed to shareholders in order to close the fund refunding the initial
amount of USD invested by shareholders when the fund has been open.
I finally decided to issue the dividend weekly instead of monthly.
First dividend has been issued Sunday 2st december 2012 : 0.01160281 BTC per share
First extra dividend fro extra convertion rate has been issued today : 0.004 BTC per share
Let me know if you have any further questions
https://btct.co/security/ESECURITYSABTC
Regards, Neotrix
