Topic: [CryptoStocks] Satoshi Poker performs a buyback of shares and performs a new IPO - page 2. (Read 5371 times)
October 24, 2013, 07:47:11 PM
on the site and on the client it says 255 players are playing.. but then downloaded the client and there wasn't a single person playing.
October 24, 2013, 06:45:43 PM
Satoshi Poker will reserve 500k shares for player promotions and will work out a solution to guarantee the shares will be rewarded slowly to not influence the market price.
October 24, 2013, 06:29:33 PM
https://cryptostocks.com/securities/55
Ticker SATOSHI
Name Satoshi Poker
Hi all!
Considering that:
1. CryptoStocks only allows 4 digits after the dot, giving the shareholders only possibility to gain or lose share value in 50% increments at 0.0002 IPO price;
2. The community has raised their concerns about the amount the company tried to raise;
3. The company wishes to reward early buyers of shares during the IPO;
4. The company wishes to sell the shares offered at IPO at a higher speed to get ourselves the wanted software package;
5. The rise of bitcoin value;
... satoshi Poker has decided to buy back all shares that have been sold at the IPO and perform a new IPO under better conditions.
Here is the new asset description.
This asset is being offered for the following purposes:
1. To provide Satoshi Poker a budget to maintain a professional team for service, marketing and security.
2. To provide Satoshi Poker the funds to purchase a new software package with support for all major platforms and in-browser play.
3. To provide Satoshi Poker with sufficient budgets to meet the industry standards in marketing & promotions.
4. To vest our players in Satoshi Poker's future by allowing our players to become part owner, reaping the benefits of their own efforts.
Shares
Satoshi Poker consists of a total of 10,000,000 shares. No new shares will be issued and no other actions will be taken that dilude the shareholders that purchase the shares. Satoshi Poker was started with a total of 100,000,000 shares, but because of the limitations within Cryptostocks, we were unable to perform a succesful IPO. The original share price of 0.0002 would only allow profit or loss in 50% increments. We will request Cryptoshares to de-issue 90 million shares. If this is not possible, these shares will be declared void.
Dividends
Dividends will be paid on the 1st of every calendar month and will consist of 50% of the total rake and tournament fees collected, equally devided amongst all the shares. Upon paying the dividends Satoshi Poker will release detailed financial statements with their income, expenditures, player balances and other reserved funds.
Initial Public Offering
The Initial Public Offering will consist of 2,000,000 shares representing 20% of the company. The first 500,000 shares will be offered against a 0.0008 share price, followed by 500,000 shares at 0.001, to finish with 1,000,000 shares at 0.0012
Reserved Rights
Issuer reserves the following rights:
1. To do a Second Public Offering if market demands justifies.
2. To make changes to this contract that represent the best interests of its shareholders.
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
Voting Rights
There are no voting rights associated with the shares.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by the current CEO to take over control of the asset, or all shares will be bought back by the issuer.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s un-timely demise or hospitalization.
E-mail: [email protected]
Disclaimer & Risks
Bitcoin’s legal definition as a currency, commodity, investment, or financial instrument may be subject to unique regulations in some jurisdictions. The issuance of bitcoin-denominated securities may be considered high-risk in the current environment. Please perform due diligence in all of your investment decisions, and consider all risks before purchase.
While all investments involve risk, bitcoin securities may be considered among the most risky. Some have products and services that are still in development or have yet to be tested in the market. Many trade on unregistered exchanges.
Possible risks that pertains to bitcoin securities involves the low volumes of trades. Because most bitcoin securities trade in low volumes, any size of trade can have a large percentage impact on the market price of the security.
Satoshi Poker is not liable for losses caused by default/theft within the host exchange.
Ticker SATOSHI
Name Satoshi Poker
Hi all!
Considering that:
1. CryptoStocks only allows 4 digits after the dot, giving the shareholders only possibility to gain or lose share value in 50% increments at 0.0002 IPO price;
2. The community has raised their concerns about the amount the company tried to raise;
3. The company wishes to reward early buyers of shares during the IPO;
4. The company wishes to sell the shares offered at IPO at a higher speed to get ourselves the wanted software package;
5. The rise of bitcoin value;
... satoshi Poker has decided to buy back all shares that have been sold at the IPO and perform a new IPO under better conditions.
Here is the new asset description.
This asset is being offered for the following purposes:
1. To provide Satoshi Poker a budget to maintain a professional team for service, marketing and security.
2. To provide Satoshi Poker the funds to purchase a new software package with support for all major platforms and in-browser play.
3. To provide Satoshi Poker with sufficient budgets to meet the industry standards in marketing & promotions.
4. To vest our players in Satoshi Poker's future by allowing our players to become part owner, reaping the benefits of their own efforts.
Shares
Satoshi Poker consists of a total of 10,000,000 shares. No new shares will be issued and no other actions will be taken that dilude the shareholders that purchase the shares. Satoshi Poker was started with a total of 100,000,000 shares, but because of the limitations within Cryptostocks, we were unable to perform a succesful IPO. The original share price of 0.0002 would only allow profit or loss in 50% increments. We will request Cryptoshares to de-issue 90 million shares. If this is not possible, these shares will be declared void.
Dividends
Dividends will be paid on the 1st of every calendar month and will consist of 50% of the total rake and tournament fees collected, equally devided amongst all the shares. Upon paying the dividends Satoshi Poker will release detailed financial statements with their income, expenditures, player balances and other reserved funds.
Initial Public Offering
The Initial Public Offering will consist of 2,000,000 shares representing 20% of the company. The first 500,000 shares will be offered against a 0.0008 share price, followed by 500,000 shares at 0.001, to finish with 1,000,000 shares at 0.0012
Reserved Rights
Issuer reserves the following rights:
1. To do a Second Public Offering if market demands justifies.
2. To make changes to this contract that represent the best interests of its shareholders.
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
Voting Rights
There are no voting rights associated with the shares.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by the current CEO to take over control of the asset, or all shares will be bought back by the issuer.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s un-timely demise or hospitalization.
E-mail: [email protected]
Disclaimer & Risks
Bitcoin’s legal definition as a currency, commodity, investment, or financial instrument may be subject to unique regulations in some jurisdictions. The issuance of bitcoin-denominated securities may be considered high-risk in the current environment. Please perform due diligence in all of your investment decisions, and consider all risks before purchase.
While all investments involve risk, bitcoin securities may be considered among the most risky. Some have products and services that are still in development or have yet to be tested in the market. Many trade on unregistered exchanges.
Possible risks that pertains to bitcoin securities involves the low volumes of trades. Because most bitcoin securities trade in low volumes, any size of trade can have a large percentage impact on the market price of the security.
Satoshi Poker is not liable for losses caused by default/theft within the host exchange.
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