Topic: [CRYPTO-TRADE] Crypto-trade.com IPO and official thread! - page 52. (Read 171267 times)
I don't think the shares not all being sold yet affects the company valuation the way you think it does. That would be madness!
You are correct. He has thus far only sold like 5% or less of his company. Since he originally said that the 50,000 shares represent 50%. In a NYSE style IPO all shares are put onto the market at once and sold for whatever can be gotten for them. This is not the case here.
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
Not quite.1549 shares * 7.8 litecoins * $3.00/litecoin=$36,247
1068 shares * 0.2 bitcoin * $130.00/bitclin=$27,768
$36,247+$27,768=$64,015
*2 since stock represents half the company
=$128,030
Issuing the unissued stock would not raze the value of the company. It will only dilute the value of everyone else's shares. Hopefully we see a little bump in the price once the website is up. It looks like Neotrix has the remaining issue up for sale on BTC-TC I couldn't say whether the "bump" would be enough to absorb that much supply at one price. As for the remaining issue, since the price is pre set, he can only issue them if the market will bear it.
Today the Company is worth $128,030.
These markets aren't extremely "efficient". I would say that an operating coin exchange would be worth quite a bit more than $128k.
I wish they could make it easier to deposit and remove $ though.
I think this is correct if anyone has more insight please share.
20,000 shares *0.2 Bitcoin+10,000 shares * .25bitcoin+10,000 shares *0.3 bitcoin+ 10,000 shares*.35 bitcoin=13,000bitcoin
13,000*$130=$1,690,000
*2=$3,380,000
That is the value that Neotrix has put on his company. that is easily a reasonable value for a successful commercial website.
P.S. Don't answer Neotrix. Please keep working
Can you link to a source showing this is how it works?
As I understood it this is not how shares work. If someone makes an IPO with 100 shares sharing all the dividend and only sells 10 of them, and the issuer keeps 90, that doesn't mean than the 10 shares he sold get all the dividend and are worth 100% of the company. They get 10% of the dividend and are worth 10% of the company. The issuer keeps the rest, until the shares are sold.
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
Not quite.1549 shares * 7.8 litecoins * $3.00/litecoin=$36,247
1068 shares * 0.2 bitcoin * $130.00/bitclin=$27,768
$36,247+$27,768=$64,015
*2 since stock represents half the company
=$128,030
Issuing the unissued stock would not raze the value of the company. It will only dilute the value of everyone else's shares. Hopefully we see a little bump in the price once the website is up. It looks like Neotrix has the remaining issue up for sale on BTC-TC I couldn't say whether the "bump" would be enough to absorb that much supply at one price. As for the remaining issue, since the price is pre set, he can only issue them if the market will bear it.
Today the Company is worth $128,030.
These markets aren't extremely "efficient". I would say that an operating coin exchange would be worth quite a bit more than $128k.
I wish they could make it easier to deposit and remove $ though.
I think this is correct if anyone has more insight please share.
20,000 shares *0.2 Bitcoin+10,000 shares * .25bitcoin+10,000 shares *0.3 bitcoin+ 10,000 shares*.35 bitcoin=13,000bitcoin
13,000*$130=$1,690,000
*2=$3,380,000
That is the value that Neotrix has put on his company. that is easily a reasonable value for a successful commercial website.
P.S. Don't answer Neotrix. Please keep working
what will crypto-trade's advertising strategy include?
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
Not quite.1549 shares * 7.8 litecoins * $3.00/litecoin=$36,247
1068 shares * 0.2 bitcoin * $130.00/bitclin=$27,768
$36,247+$27,768=$64,015
*2 since stock represents half the company
=$128,030
Issuing the unissued stock would not raze the value of the company. It will only dilute the value of everyone else's shares. Hopefully we see a little bump in the price once the website is up. It looks like Neotrix has the remaining issue up for sale on BTC-TC I couldn't say whether the "bump" would be enough to absorb that much supply at one price. As for the remaining issue, since the price is pre set, he can only issue them if the market will bear it.
Today the Company is worth $128,030.
These markets aren't extremely "efficient". I would say that an operating coin exchange would be worth quite a bit more than $128k.
I wish they could make it easier to deposit and remove $ though.
I think this is correct if anyone has more insight please share.
Date on the website has changed to "We will open on 26th May 2013,12:00 AM (GMT). " which is now
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
If I am not mistaken, he has made so far about 220btc by selling shares on btct and maybe a bit more on another exchange. So that is about 30k$. Is there any other way he got money from investors ?
right over 1000 shares in btc, and my guess a couple hundreds in ltc. not bad... shares were way overpriced in my opinion, 0.05 (instead of 0.2 btc) would've been maybe kind of fair... maybe.
If you mean I'm scamming 30 000 usd, then thats 20 days around of my actual salary since 2 years around...(50k month) I understand your position but when you know that, 30 000 usd become a relative amount.
No I never said "scamming" and carefully avoided the word. However I am not 100% convinced either.
Given the 9k shares out of 10k to sell at 0.2 (first IPO round) I dont see any reason to buy before the site is live and working, so I will wait for that.
As someone just mentioned since you did not need the money to launch it, you would have had more credibility by waiting to do the IPO once the site is live.
Good luck though.
If I am not mistaken, he has made so far about 220btc by selling shares on btct and maybe a bit more on another exchange. So that is about 30k$. Is there any other way he got money from investors ?
He's been running other bonds for his main company Koddos on BTC.CO and (mainly) LTC-Global for a long time now. Those have always paid out on time (a few days late occasionally - but nothing significant).
I don't think he's scamming - I just think he saw $ signs at the idea of an exchange and started collecting investors' funds way before he was ready to launch. Moderators should never have approved the security until the exchange was functional given that he claimed he didn't need the funds to get it running.
Getting the site running is the easy part anyway - the hard part is yet to come : attracting customers and maintaining banking relationships such that cash can be moved in and out easily. He seems to think he can just magically grow to same size as BTC-E : I think he's in for a rude awakening from that dream/delusion.
If I am not mistaken, he has made so far about 220btc by selling shares on btct and maybe a bit more on another exchange. So that is about 30k$. Is there any other way he got money from investors ?
If you mean I'm scamming 30 000 usd, then thats 20 days around of my actual salary since 2 years around...(50k month) I understand your position but when you know that, 30 000 usd become a relative amount.
Back to work to launch in few hours.
Few hours more, sorry about...We fixing a last shit not planned (encryption related) I sleep 2 or 3 hours and we launch. Thanks for patience.
If I am not mistaken, he has made so far about 220btc by selling shares on btct and maybe a bit more on another exchange. So that is about 30k$. Is there any other way he got money from investors ?
I'm starting to think there will still be people in this thread wondering why the site hasn't launched yet a few months from now.
oops ? - or maybe time for DNSs to update
He is already 3 hours late with the emails for subscribers and shareholders.He will probably say that have to delay the launch because of the LR takedown
Give him some time to respond - it can't be easy to constantly come up with new excuses.
true, never got any email so far... anyway like 1 hr ago he was merrily chatting in the btc-e trollbox
oops ? - or maybe time for DNSs to update
He is already 3 hours late with the emails for subscribers and shareholders.He will probably say that have to delay the launch because of the LR takedown
ooops not there... dns still propagating?
oops ? - or maybe time for DNSs to update
Jump to: