"I have a bad feeling about this." -Han Solo
I find cannabit's lack of response...disturbing...
LOL
Earth to cannabit, are you there? Hello? Bueller?
Last Active: January 17, 2015, 05:12:23 AM
Topic: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit - page 8. (Read 66347 times)
February 20, 2015, 12:31:44 PM
I find cannabit's lack of response...disturbing...
LOL
Earth to cannabit, are you there? Hello? Bueller?
Last Active: January 17, 2015, 05:12:23 AM
February 19, 2015, 04:39:50 PM
"I have a bad feeling about this." -Han Solo
I find cannabit's lack of response...disturbing...
February 19, 2015, 11:44:34 AM
"I have a bad feeling about this." -Han Solo
I find cannabit's lack of response...disturbing...
February 18, 2015, 01:22:11 PM
"I have a bad feeling about this." -Han Solo
January 26, 2015, 12:39:42 PM
It seems to me a dividend payment should be forthcoming fairly soon. Or at least some sort of update? Obviously we are seeing a pretty nice uptick in BTC price. Would love to hear what's going on cannabit.
The BTC-Price should be unrelated to this investment since its bitcoin price independent. Cannabit doesnt hold coins. BTC are only used for paying out divs. I wonder too when it becomes clear if the new investment opportunity will work or not.
If fiat is ultimately really your only concern I can see it not mattering much, but for those of us interested in increasing our BTC holdings, it matters alot. If they make a dividend payout of say $1/share when btc is at $270 as opposed to $500 and your goal is increased BTC it makes a difference.
If you want to increase your BTC holdings you should wait in fact until the price is down again. Then you would get more coins for the same dividend. Canna is exchanging the fiat only before he pays out the div. So when he now pays out the div you might get 1mBTC, if bitcoin exchange price is half of the price it is now, you would get 2mBTC. So in amount of coins you would go better with a lower bitcoin price.
Or do you want to bet on a still rising bitcoin price when he pays out now? I think thats risky. Lets see what the future shows.
As far as seeing what the future holds, thats pretty much all we can do until we get word from the horses mouth as it where (cannabit himself). Hopefully he will be popping in here soon to let us know what's going on.
January 26, 2015, 08:12:38 AM
...
Or do you want to bet on a still rising bitcoin price when he pays out now?...
Or do you want to bet on a still rising bitcoin price when he pays out now?...
>when he pays
January 26, 2015, 07:25:11 AM
It seems to me a dividend payment should be forthcoming fairly soon. Or at least some sort of update? Obviously we are seeing a pretty nice uptick in BTC price. Would love to hear what's going on cannabit.
The BTC-Price should be unrelated to this investment since its bitcoin price independent. Cannabit doesnt hold coins. BTC are only used for paying out divs. I wonder too when it becomes clear if the new investment opportunity will work or not.
If fiat is ultimately really your only concern I can see it not mattering much, but for those of us interested in increasing our BTC holdings, it matters alot. If they make a dividend payout of say $1/share when btc is at $270 as opposed to $500 and your goal is increased BTC it makes a difference.
If you want to increase your BTC holdings you should wait in fact until the price is down again. Then you would get more coins for the same dividend. Canna is exchanging the fiat only before he pays out the div. So when he now pays out the div you might get 1mBTC, if bitcoin exchange price is half of the price it is now, you would get 2mBTC. So in amount of coins you would go better with a lower bitcoin price.
Or do you want to bet on a still rising bitcoin price when he pays out now? I think thats risky. Lets see what the future shows.
January 25, 2015, 09:41:22 PM
It seems to me a dividend payment should be forthcoming fairly soon. Or at least some sort of update? Obviously we are seeing a pretty nice uptick in BTC price. Would love to hear what's going on cannabit.
The BTC-Price should be unrelated to this investment since its bitcoin price independent. Cannabit doesnt hold coins. BTC are only used for paying out divs. I wonder too when it becomes clear if the new investment opportunity will work or not.
If fiat is ultimately really your only concern I can see it not mattering much, but for those of us interested in increasing our BTC holdings, it matters alot. If they make a dividend payout of say $1/share when btc is at $270 as opposed to $500 and your goal is increased BTC it makes a difference.
January 25, 2015, 06:36:46 PM
It seems to me a dividend payment should be forthcoming fairly soon. Or at least some sort of update? Obviously we are seeing a pretty nice uptick in BTC price. Would love to hear what's going on cannabit.
The BTC-Price should be unrelated to this investment since its bitcoin price independent. Cannabit doesnt hold coins. BTC are only used for paying out divs. I wonder too when it becomes clear if the new investment opportunity will work or not.
January 25, 2015, 01:10:40 AM
It seems to me a dividend payment should be forthcoming fairly soon. Or at least some sort of update? Obviously we are seeing a pretty nice uptick in BTC price. Would love to hear what's going on cannabit.
January 17, 2015, 06:31:12 PM
I hope you will not forget your investors when you (we) will make profits ;-)
January 17, 2015, 12:08:39 AM
You cant expand in this game with a dividend payment of a few thousand dollars. You need 10s of thousands to make any significant expansion in the marijuana cultivation business. Debt free..haha, I should hope so. Its not a real business guys...its a hobby that makes some money on the side. Anyone can do it, therefore you wont get any real investors being amateur growers at best.
From experience not anyone can do what we are doing now. Not trying to get too much into detail here but when you are operating with over 100+ lights i wouldn't say we are at the amateur level. When you are trying to build a real it takes time along with the network of people you work with to build the business. All i can say is that we are heading in the right direction and we are working with the right people to make sure we succeed.
January 14, 2015, 12:05:52 PM
To be kind and gentle, (even with the 2 month late in the dividends) is it possible to have a financial update (in $ or BTC) about our investment ?
You cant expand in this game with a dividend payment of a few thousand dollars. You need 10s of thousands to make any significant expansion in the marijuana cultivation business. Debt free..haha, I should hope so. Its not a real business guys...its a hobby that makes some money on the side. Anyone can do it, therefore you wont get any real investors being amateur growers at best.
It would be great to see a little bit of this money on the side
especially if they buy BTC now.I hope they wont. It looks like the market is in some kind of panic. Buying bitcoins now will lead to loss practically sure. Thats why i bought some shares from this venture. Its only losely connected to the bitcoin price.
January 14, 2015, 11:45:17 AM
To be kind and gentle, (even with the 2 month late in the dividends) is it possible to have a financial update (in $ or BTC) about our investment ?
You cant expand in this game with a dividend payment of a few thousand dollars. You need 10s of thousands to make any significant expansion in the marijuana cultivation business. Debt free..haha, I should hope so. Its not a real business guys...its a hobby that makes some money on the side. Anyone can do it, therefore you wont get any real investors being amateur growers at best.
It would be great to see a little bit of this money on the side
especially if they buy BTC now. January 14, 2015, 10:24:05 AM
To be kind and gentle, (even with the 2 month late in the dividends) is it possible to have a financial update (in $ or BTC) about our investment ?
You cant expand in this game with a dividend payment of a few thousand dollars. You need 10s of thousands to make any significant expansion in the marijuana cultivation business. Debt free..haha, I should hope so. Its not a real business guys...its a hobby that makes some money on the side. Anyone can do it, therefore you wont get any real investors being amateur growers at best.
January 08, 2015, 03:28:51 PM
To be kind and gentle, (even with the 2 month late in the dividends) is it possible to have a financial update (in $ or BTC) about our investment ?
January 08, 2015, 02:24:58 PM
I will keep that in mind. Right now things are not 100% clear which is why we don't want to hold onto it for too long if we are not going to execute a plan soon. I will keep everyone updated once i receive some clear instructions on my end.
January 08, 2015, 02:26:37 AM
The funds are held in USD and we only convert to BTC when the transfer is going to be occurring that same day. I hope that clears up that question. A decision will be made within Jan/Feb to see how the funds will be used. Either we will use it for expansion or we will pay out dividends. Thanks.
You could also let your shareholders decide via the Vote feature on Cryptostocks. Of course you would have to let the shareholders know what those plans are to evaluate.
January 08, 2015, 02:10:18 AM
The funds are held in USD and we only convert to BTC when the transfer is going to be occurring that same day. I hope that clears up that question. A decision will be made within Jan/Feb to see how the funds will be used. Either we will use it for expansion or we will pay out dividends. Thanks.
January 07, 2015, 05:42:45 PM
Nice to see your back Cannabit. Looking forward to hearing new plans for 2015 and seeing where this asset goes.
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