Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 34. (Read 198202 times)
The lack of interest ist caused by offering 2 mio @ 0,016 = 32.000 BTC. Most people just dont see the opportunity for the stock to rise much.
$16 million valuation seems a bit ridiculous when you are only at the tape out stage.
How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.
How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.
It looks like the btcgarden IPO is struggling for bids compared to how quickly Labcoin filled.
Arguably that could be because most people have their money tied up in the excitement surrounding Labcoin, so it's a bad time for Btcgarden to open up for bids... or it could be as you suggest - they're trying to raise a bit too much capital for what they've got.
They're trying to raise 32 000BTC (1st 2000 000 shares at 0.016)
But if they get it... it's a nice warchest to help compete with Labcoin, ASICMINER, Bitfury etc
...Plus there's the share dilution thing, although I'm actually leaning towards this being a good idea. It could allow the company to be far more aggressive in expanding compared to competitors who don't have this as a fund-raising option.
$16 million valuation seems a bit ridiculous when you are only at the tape out stage.
How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.
How can this be justified when Labcoin is in a similar situation and the IPO price was set at a tiny fraction of this.
When will this IPO be open on the market?
Best of luck with the IPO, this is shaping up to be 'quite the day' for BTCT.CO
Pretty much what the Swede said congrats on your approval as well
(Posted here before it jumps to page 40 in one day ha-ha)
I am confused by one thing:
in BTCT the listed shares is Outstanding 0 / 2400000 Issued
but also it is said the initial offering is 4,000,000 shares of BTCGARDEN,which occupies 40% of BTCSEA CO.,Ltd`s market value.
how to understand this? anything wrong?
in BTCT the listed shares is Outstanding 0 / 2400000 Issued
but also it is said the initial offering is 4,000,000 shares of BTCGARDEN,which occupies 40% of BTCSEA CO.,Ltd`s market value.
how to understand this? anything wrong?
I have fixed the share counts.
Cheers.
Congrats! you are now becoming a millionaire.
Any announcement regarding the beginning of share distribution?
Best of luck with the IPO, this is shaping up to be 'quite the day' for BTCT.CO
It got the 3 approved votes!! Quick, time to start placing bids!! 
not again 5 votes..this is starting to be really funny
It got the 3 approved votes!! Quick, time to start placing bids!!
not again 
It got the 3 approved votes!! Quick, time to start placing bids!!
i hope btcgarden can prevent labcoin's situation before IPO
I could be wrong, but I don't think that will happen at the premium being asked for these shares.
i hope btcgarden can prevent labcoin's situation before IPO
anything to justify a roughly 16million dollar valuation?
blood, sweat and tears
and office
8.May I go to your company for a field investigation?
8 We are not but will be available later, furthermore, we are going to invite some voted supervisors to come to our places.
anything to justify a roughly 16million dollar valuation?
blood, sweat and tears
anything to justify a roughly 16million dollar valuation?
I'm following the project with keen interest and in serious consideration,but I'm confused about a few key issues in your prospectus.
1.Which stock on earth is to be issued?BTCSEA Co.Ltd's stock or BTCGARDEN's stock?
According to the rules of stock market,if it's BTCSEA Co.Ltd's stock,then each share should be given 1/10000000 of the BTCSEA Co.Ltd's total
profits(including but not limited to BTCGARDEN's profits,e.g.BTCSEA trading platform as I know),right?In this case,I would prefer to change the name of the stock to BTCSEA.
If it's BTCGARDEN's stock,then each share should be given 1/4000000 of the BTCGARDEN Project's total profits.
Which of the above comprehension is correct?Please make an explanation for this.
2.A similar question,if you issue additional shares in the future,which will it be?(BTCSEA Co.Ltd's or BTCGARDEN's)
3.What is the pricing basis?
4.If sharp fluctuations in exchange rates occur,will you reprice the stock?
5.You declare that "Any dilution will not be allowed before Aug.1st,2014.".Is it a bottom line that can not be changed?
6.Have you set a firm date for this IPO?Before or after the test of your first batch of chips?
7.Is this the final version of your prospectus?If not,when will it be published?
8.May I go to your company for a field investigation?
Please take into consideration all these issues.Perhaps you can add a supplement concerning such issues to the prospectus.
Looking forward to your reply.Thank you.
1.Which stock on earth is to be issued?BTCSEA Co.Ltd's stock or BTCGARDEN's stock?
According to the rules of stock market,if it's BTCSEA Co.Ltd's stock,then each share should be given 1/10000000 of the BTCSEA Co.Ltd's total
profits(including but not limited to BTCGARDEN's profits,e.g.BTCSEA trading platform as I know),right?In this case,I would prefer to change the name of the stock to BTCSEA.
If it's BTCGARDEN's stock,then each share should be given 1/4000000 of the BTCGARDEN Project's total profits.
Which of the above comprehension is correct?Please make an explanation for this.
2.A similar question,if you issue additional shares in the future,which will it be?(BTCSEA Co.Ltd's or BTCGARDEN's)
3.What is the pricing basis?
4.If sharp fluctuations in exchange rates occur,will you reprice the stock?
5.You declare that "Any dilution will not be allowed before Aug.1st,2014.".Is it a bottom line that can not be changed?
6.Have you set a firm date for this IPO?Before or after the test of your first batch of chips?
7.Is this the final version of your prospectus?If not,when will it be published?
8.May I go to your company for a field investigation?
Please take into consideration all these issues.Perhaps you can add a supplement concerning such issues to the prospectus.
Looking forward to your reply.Thank you.
1,2 BTCGARDEN is to be issued. thank you for ur advice and sry for the possible misunderstanding. BTCSEA CO.,Ltd is the name of our company for this project(BTCGARDEN)and BTCSEA.COM is our exchange platform for RMB(chinese currency), the platform has no relation with this project although we used the same name when we created the platform.
3,4 we need reserve.We need to hold an amount of funds in order to meet probable demands or possible risks.
5, Yeah.Cannot be changed as well as the other necessary conditions.
6 Before of it. IPO will start just after we pass the vote.
7 No more big changes but small ones before the open date for buying.
8 We are not but will be available later, furthermore, we are going to invite some voted supervisors to come to our places.
Correct, profits incl.: mining incomes, sales incomes of hardwares,deployment scheme, even 1st-gen chips after we get our 2-ed gen in hand.
So these guys at the very least are looking to raise 64,000 total btc, keeping in mind 2milli shares will be sold at 0.016 with a second batch of 2 million shares being sold at even higher price, so at the minimum let's say 64000btc for a 40% going to share holders. So uh let's use 100usd as a bitcoin price. That's 64 million dollars for 40%. so you guys are giving yourselves a valuation today of $160,000,000 USD?
Ahem. 64 000 * $100 = $6 400 000.
2.5 * $6 400 000 = $16 000 000.
Still, that's quite a valuation at this stage in the game.
Yep, there is 2 problems with this 1. its way too much for starting company to be raising that much money 2. The is no way people will have this much of BTCs at the moment with 3 same securities IPO-ing
ahh sorry about that 1 too many 0's
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