Topic: [HAVELOCK] CasinoBitco.in CBTC - page 3. (Read 149382 times)

Yes, We are personally working with them to get the site 'stable' and usable!

Seems like Havelock is dead now... haven't been able to log in for some time

Cool! Happy to promote it around my sites and mailing list when you do - any marketing information available please keep me posted

Thanks, we've been working hard behind the scenes on this, we will be announcing our ICO (and plan to move Havelock unit holders to the new token) this week.

Potential ICO?! Very interesting - will be watching this closely

True, Bitcoin itself is enough of a learning curve to the average Joe without involving alts.

Not only do they have users and revenue.

With any of the new projects you have to use the native token in order to bet on sports or play a game.
This adds -another- layer of complexity on top of what for any outsider is totaly crazy anyway -betting using bitcoin with no usd conversion-
On top of that if there are a few sports betting markets that win a few times in a row that were heavy public picks then the payment would be in that altcoin(ico coin token ect) and ,,, they would prob dump a good bit of that. So you have plenty of sell preasure, AND plenty of slippage going in and out of the edge and wagerr systems. This is for your average joe, strange, complex and not easy to understand. For the sharp bettors that understand bitcoin another layer of platform risk that is not needed. For people with huge bankrolls, why risk going into and out of this token with less liquidity than bitcoin to save, what 0.1 % juice? Not worth most peoples time. Sure they could adjust over time and the markets could have volume ect, but that will take a while, imho.

With bitcoinrush it is ready to go for the public to use with bitcoin and it is what they are used to in form of a sportsbook, not having to think about even more altcoins they dont even understand in the first place.

Good point

I'm glad you guys have stuck around and continued to work hard, the fact you're still around shows your determination to make this business a real success.

Fingers crossed for the near future!

Well, to start - we actually have users, revenue, and a launched product (which no doubt needs improving). Also, we are not looking for anywhere near what they have raised.

Listen Morg (and others), at the end of the day, we can't keep everyone happy... but we'll try!

Thanks for the update. If you go ICO, you need to show how you're better than Wagerr and Edgeless.

Please keep us updated, would be nice to get something for our investment years ago.

Hope this works out for you - and if you go the ICO route, I'm hanging in for the long haul.

Good timing for that question Morg.

So this year we’ve had three distinct opportunities to complete a reverse merger (RTO) on three different stock exchanges; however, in all three cases we were “left at the alter” because of various unfortunate circumstances outside our control (up-front money we were looking to raise before trading fell through, or when our broker got into a car accident and went off the grid and the deal fell through).

We still have some traditional financing options in play, but I personally have been looking around the ICO place to see if there was an option that made more sense for a crypto-currency based company like ourselves. At the moment I’m working with a few of the principals in the Waves project to see if there is a fit. This is by no means a done-deal, but thinking out loud, if we were able to secure an ICO on top of Waves, we would be able to convert some (if not all) Havelock owners to that new token. From there original Havelock unit holders could either trade their token for different assets or crypto currencies on the DAK, or trust our vision for the next few years and ride it out with us.

In preparation for a potential ICO, I have also be working to pull in strategic members within the crypto space, as well as the gambling space. At the end of the day, I’m optimistic these new advisers will not only help with an attractiveness of an ICO – but also with running the company post capital raise, something that I’ve been yearning for since we started gaining momentum in 2014.

Now, to state the obvious to all that follow here, I know I was just interviewed about a month back and said we didn’t want to go the ICO route! If we do go down that route I’m man enough to eat my own words and admit that was probably a mistake to discount the possibility that an ICO might be one of the strongest methods to capital we currently have.

For now, that is the gist of it, more to come in a week or two.

What's the latest on buying back shares?

Very interesting.


Sounds like you've made similar progress to what we have with dealing with institutional investors, same issues/concerns with doing ICOs and keeping virtual shares (Although we've gone a slightly different path).

BTC just hit $2375.

Is there any way you'd be willing to trade our CBTC shares (on request) for shares in the new company instead of a payout on Havelock?

Yes, absolutely!  Quite a few things in flight.. and I'm expecting some things to materialize in the next 2 weeks or less (knock on wood).

FYI - We did an interview with DegenBet.com today, pretty long - but I think informative to investors, promoters, and trolls / haters alike: https://www.youtube.com/watch?v=8R-u1FX63Cc&feature=youtu.be

Why didn't we do an ICO is around 40 minutes in...

Hope the fund-raising efforts are progressing well for you. G'luck!

Thanks for the feedback and concern here everyone.

First, we do have daily access to the unit holders on Havelock; challenge is there is over 600 unit holders (I'm sure there are plenty of bots in that mix), so it's unfeasible for us to take the exit into our own hands. Also, we have no indications that Havelock is going to disappear and not honor withdrawals, in fact we are in monthly communications with them and they are on board with our strategy.

Last, we don't have a target price for the exit, but when we do we'll give everyone fair notice.

I'm guessing that even if HL goes down they must have a backup with information about the shareholders, their contact info and their holdings.

BTW what will be deemed as a "fair price"? I have 5661 shares that were bought originally for ฿1.5718 but now have a market value of only 80000 satoshis.

There's only six listings left there. Just took a look.

@casinobitco Any plan for how to deal with winding things up, if Havelock vanishes?