Rival, you've seemed to be a well-informed and level-headed investor in the AM thread, if I remember correctly. However, this IPO leaves something to be desired.
The main two issues I have with investing here are 1) lack of financials (how do we know your one venture is even profitable) and 2) lack of any provided actionable investment opportunities.
500BTC is a lot to ask for without any past financial records or vision of what you'd like to do with the coin.
Topic: <<< Gee Unlimited>>> - page 2. (Read 2199 times)
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Will those opportunities be new sources of profits for investors, or will the profits only come from satoshisquared?
Sorry for asking the dumb questions but it isn't quite clear to me.
Sorry for asking the dumb questions but it isn't quite clear to me.
Gee Unlimited is an "umbrella" for multiple income streams. SatoshiSquared.com is the first of what is expected to be many. In addition to development we also expect the acquisition of additional existing income streams, although development of new and innovative systems remains our focus. It is germane to note that we are based in the US, and must comply with all US regulations. This will out of necessity require that we do not invest in pure "gambling" websites as they are prohibited under current statutes.
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I do not exactly understand why you do need to raise funds.
We are aware of nearly a dozen other opportunities for income-generating systems that require extensive investment to bring to market. They will never exist if they are not funded.
Introducing Gee Unlimited!
Gee Unlimited has spent considerable private funds, time and research in the creation of a new company. Our first project, Satoshisquared.com has moved from beta and is now ready for primetime. The focus of this company is to find new and innovative income generating opportunities within the bitcoin space.
SatoshiSquared.com embodies the spirit of innovation that we expect will dominate our portfolio. The chaingame space, while iinitally interesting, provided no value to players other than the expectation that another player would repurchase their bitcoin "gem". SatoshiSquared.com provides a proven advertising benefit to all players, both individual and business alike by providing both text and hyperlinks. The advertising alone is worth the purchase of a square, with the added bonus of 190% payouts for every square repurchased making it almost irresistible. It has become immensely popular with advertisers as well as with players, providing an easy and fun experience with off-the-block-chain action as a standard. Beta testing provided us with over 100 verified accounts in the first month alone.
Site Income
Each time a square is sold, the house makes 10%. Once a square has expired, the cost of the square resets to 0.000001 btc with the house collecting the difference.
Investor Profit
Share dividends are equal to 90% of monthly profit. Gee Unlimited will not ask investors to shoulder the burden of expanding or developing other projects. The dividends received by the founder shares will be used for expansion and development of this project and future projects. We are looking to expand, not to fill our pockets with investment money. Our only expected profit is in the increased value of the founder shares. The remaining 10% will be utilized to pay operating expenses. Nothing is free, unfortunately.
IPO Details
Total market value: 500 BTC
Each share is valued at 0.001 BTC, in total there are 500,000 shares
This IPO is the sale of 50% of total equity: 250,000 shares, for 250 BTC.
Minimum purchase block is 1 BTC or 1000 shares.
There will not be any other shares issued. None. Ever. Period.
The founder shares will be locked as follows:
On January 1st 2014 up to 10% of founder shares may be sold.
On July 1st 2014 up to an additional 10% of founder shares may be sold.
On January 1st 2015 all shares are unlocked.
Exchanges
This IPO will not be performed on any of the generally accepted exchanges for a variety of reasons, the least of which is ensuring there are no debacles as we have seen previously. Gee unlimited looks forward to players in the exchange space creating passthrough securities once the IPO has completed.
IPO date
Gee Unlimited will begin accepting share purchases on Noon, EST, October 1st 2013. All purchases will be accepted through PM only, and issued in order of forum timestamp.
Shareholder records
A full list of shareholders and the number of shares of each will be maintained by Gee Unlimited for distributing dividends. These dividends will be paid the first day of every month. Anyone requiring a verification of shares or a transfer of shares should contact us here through PM.
Board of Directors
There is currently no policy in place for a board of directors. Once the IPO has been completed, It is expected that consultations with major shareholders will yield a workable policy wherein a board is elected.
Financials
Yes, everyone wants to see profit statements. As investors in other securities, we do too. However, we respectfully decline to do so, as it would be imprudent to do so at this time. Unfortunately, we feel it is important to be less than transparent for a variety of reasons. Once the IPO has completed we expect to provide detailed public monthly reports.
Why?
Why should I get involved in this? There are any number of reasons, and probably an equal number of reasons not to. Gee Unlimited is not promising something that does not exist. Satoshisquared.com already exists and is generating income. We start from here and move forward.
Gee Unlimited has spent considerable private funds, time and research in the creation of a new company. Our first project, Satoshisquared.com has moved from beta and is now ready for primetime. The focus of this company is to find new and innovative income generating opportunities within the bitcoin space.
SatoshiSquared.com embodies the spirit of innovation that we expect will dominate our portfolio. The chaingame space, while iinitally interesting, provided no value to players other than the expectation that another player would repurchase their bitcoin "gem". SatoshiSquared.com provides a proven advertising benefit to all players, both individual and business alike by providing both text and hyperlinks. The advertising alone is worth the purchase of a square, with the added bonus of 190% payouts for every square repurchased making it almost irresistible. It has become immensely popular with advertisers as well as with players, providing an easy and fun experience with off-the-block-chain action as a standard. Beta testing provided us with over 100 verified accounts in the first month alone.
Site Income
Each time a square is sold, the house makes 10%. Once a square has expired, the cost of the square resets to 0.000001 btc with the house collecting the difference.
Investor Profit
Share dividends are equal to 90% of monthly profit. Gee Unlimited will not ask investors to shoulder the burden of expanding or developing other projects. The dividends received by the founder shares will be used for expansion and development of this project and future projects. We are looking to expand, not to fill our pockets with investment money. Our only expected profit is in the increased value of the founder shares. The remaining 10% will be utilized to pay operating expenses. Nothing is free, unfortunately.
IPO Details
Total market value: 500 BTC
Each share is valued at 0.001 BTC, in total there are 500,000 shares
This IPO is the sale of 50% of total equity: 250,000 shares, for 250 BTC.
Minimum purchase block is 1 BTC or 1000 shares.
There will not be any other shares issued. None. Ever. Period.
The founder shares will be locked as follows:
On January 1st 2014 up to 10% of founder shares may be sold.
On July 1st 2014 up to an additional 10% of founder shares may be sold.
On January 1st 2015 all shares are unlocked.
Exchanges
This IPO will not be performed on any of the generally accepted exchanges for a variety of reasons, the least of which is ensuring there are no debacles as we have seen previously. Gee unlimited looks forward to players in the exchange space creating passthrough securities once the IPO has completed.
IPO date
Gee Unlimited will begin accepting share purchases on Noon, EST, October 1st 2013. All purchases will be accepted through PM only, and issued in order of forum timestamp.
Shareholder records
A full list of shareholders and the number of shares of each will be maintained by Gee Unlimited for distributing dividends. These dividends will be paid the first day of every month. Anyone requiring a verification of shares or a transfer of shares should contact us here through PM.
Board of Directors
There is currently no policy in place for a board of directors. Once the IPO has been completed, It is expected that consultations with major shareholders will yield a workable policy wherein a board is elected.
Financials
Yes, everyone wants to see profit statements. As investors in other securities, we do too. However, we respectfully decline to do so, as it would be imprudent to do so at this time. Unfortunately, we feel it is important to be less than transparent for a variety of reasons. Once the IPO has completed we expect to provide detailed public monthly reports.
Why?
Why should I get involved in this? There are any number of reasons, and probably an equal number of reasons not to. Gee Unlimited is not promising something that does not exist. Satoshisquared.com already exists and is generating income. We start from here and move forward.
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