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Topic: [HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread - page 3. (Read 25074 times)

hero member
Activity: 663
Merit: 500
Hi, my first post on this forum!

Very interesting site!

A few questions

1) How and when is the divident payed?

2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?

3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?

Great questions.
First - our affiliate program is still a top priority, however we've been focusing on getting a couple new games out before building it.
I expect it to be started this month and released in November.

1 - Dividend is paid on the first week of each month based on previous month operations.
2 - We hope to have significant enough competitive advantage & a large enough bitcoin player base at that point to continue to compete and grow.
3 - Havelock provides a live investor list. In the event the site went down permanently, we'd look for somewhere else to re-establish that list or manage it manually.

legendary
Activity: 930
Merit: 1010
And one more.

What is the timeline of the affiliate program?
legendary
Activity: 930
Merit: 1010
Hi, my first post on this forum!

Very interesting site!

A few questions

1) How and when is the divident payed?

2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?

3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?
hero member
Activity: 663
Merit: 500
UV -

Agreed - It was a mixed month! Fortunately, things are going well with our main goal - continuing to build out the website. As mentioned in the report 

-We will certainly consider your suggestions here- A ticker of large bets placed has been suggested and may be a possibility.
-The weekly metrics spreadsheet has been updated. We are considering other formats for that info.
-The cash assets are primarily set aside for ongoing expenses, but potential USD/BTC price fluctuations should definitely be considered from a business standpoint.
-Agreed on internal marketing & bonuses. This is a top priority!
-Our new games development is proceeding quickly. I expect to see them soon. We've also been focusing heavily on preventing losses from professional action. More updates to come. 
legendary
Activity: 1833
Merit: 1030

Hi - Our September report was release on 10/3, and can be found under the "reports" section of Havelock. Here's a direct link which also has a link to our public Google Docs folder:
https://www.havelockinvestments.com/reportdownload.php?id=36
full member
Activity: 139
Merit: 100
full member
Activity: 139
Merit: 100
9/15 Mid-month September update:

On 9/10, we released units representing 10% of our company on Havelock Investments, selling all 3,000,000 units in a record less than 3 minutes. We greatly appreciate the support we’ve received from our investors. We saw a spike across our metrics, and can certainly attribute a portion of this to the success of our offering.

Public Metrics and Projections Google Doc update:
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=sharing



Can u still keep offer daily update,cause we shareholder pay close attention to it.
hero member
Activity: 663
Merit: 500
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full member
Activity: 224
Merit: 100
a.   September 16, 2013: 1,125,000 units
b.   December 17, 2013: 375,000 units
c.   March 17, 2014: 3,000,000 units

What does this mean?  

wasn't suppose to be released more units into the market today?

Those are owner shares that are being released to Havelock's system (which has been completed) does not mean owners have to sell.  They can set asks at their choice and not at current market price.

U mean owners of the site? or even  shareowners?

These are pre-IPO investors that helped with bankroll raising earlier on. In exchange for their capital they received shares post IPO based on the schedule above. As mentioned, they can do whatever they like with the shares, hold or sell.

-

Seems pretty clear what the pre-IPO investors think of the company. Additional shares are released and price goes up Smiley
full member
Activity: 163
Merit: 100
Awesome, crystal clear!

Like how this is going (y)
legendary
Activity: 1833
Merit: 1030
a.   September 16, 2013: 1,125,000 units
b.   December 17, 2013: 375,000 units
c.   March 17, 2014: 3,000,000 units

What does this mean?  

wasn't suppose to be released more units into the market today?

Those are owner shares that are being released to Havelock's system (which has been completed) does not mean owners have to sell.  They can set asks at their choice and not at current market price.

U mean owners of the site? or even  shareowners?

These are pre-IPO investors that helped with bankroll raising earlier on. In exchange for their capital they received shares post IPO based on the schedule above. As mentioned, they can do whatever they like with the shares, hold or sell.

-
full member
Activity: 163
Merit: 100
a.   September 16, 2013: 1,125,000 units
b.   December 17, 2013: 375,000 units
c.   March 17, 2014: 3,000,000 units

What does this mean?  

wasn't suppose to be released more units into the market today?

Those are owner shares that are being released to Havelock's system (which has been completed) does not mean owners have to sell.  They can set asks at their choice and not at current market price.

U mean owners of the site? or even  shareowners?
full member
Activity: 163
Merit: 100
a.   September 16, 2013: 1,125,000 units
b.   December 17, 2013: 375,000 units
c.   March 17, 2014: 3,000,000 units



What does this mean? 

wasn't suppose to be released more units into the market today?
hero member
Activity: 663
Merit: 500
Was really wanting to see a new financial statement after IPO, so a baseline was set, please provide full updated statistics listed in IPO prospectus on months end.

uvwvj,

Full financials and P&L will be updated will come beginning of month for previous month. Please correct me if you are looking for something else  Smiley
hero member
Activity: 745
Merit: 501
9/1-9/15/13 resulted in an estimated 39.48 btc in earnings, up from 13.5 btc in the previous period, a 192% increase.

The period from 9/1 to 9/15 is longer than the previous period, so that's not really a 192% increase.
hero member
Activity: 663
Merit: 500
9/15 Mid-month September update:

On 9/10, we released units representing 10% of our company on Havelock Investments, selling all 3,000,000 units in a record less than 3 minutes. We greatly appreciate the support we’ve received from our investors. We saw a spike across our metrics, and can certainly attribute a portion of this to the success of our offering.

Public Metrics and Projections Google Doc update:
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=sharing

9/1-9/15/13 resulted in an estimated 39.48 btc in earnings, up from 13.5 btc in the previous period, a 192% increase.

Over the same bi-weekly period, we experienced continued growth:
-Registrations increased from 63 to 111, a 76% increase
-Deposits increased from 44.99 to 192.98.
-We saw increasing action in the Sportsbook, including 170% growth over a 2-week period in # of bets 8/15-9/1 over the first half of August, and 236% growth in # of bets 9/1-9/15.
-The Casino also saw increased action

We're continuing to work on our reporting functionality and the depth of information we can publish for investors. Our full month-end update, which will be more comprehensive*, will be published by 10/2, covering all of September.

Thank you!
-CasinoBitco.in team

***Important note: The mid-month update does not include information on our development and full P&L we will hold for the regular month-end update, including expenses and dividends, and will focus on estimated growth and earnings only.
hero member
Activity: 663
Merit: 500
Hi all,
We're going to move to bi-weekly financial updates for now, in the interest of less volatility in results/public shares.

Next update to be posted by the 17th, for the 1st-15th.
Waiting for the new financial updates. Cheesy

Stay tuned - will be posted in next 3 hours.
sr. member
Activity: 560
Merit: 250
Hi all,
We're going to move to bi-weekly financial updates for now, in the interest of less volatility in results/public shares.

Next update to be posted by the 17th, for the 1st-15th.
Waiting for the new financial updates. Cheesy
legendary
Activity: 1988
Merit: 1007
If I'm wrong, call me out and explain to me why.


I already did, but below is the quote so you can read it again. The fact is that while the USD holdings *remain the same*, you could have earned MORE by buying straight BTC because your BTC holdings would be greater. It doesn't matter if you spent 10 BTC and earned 5 BTC back but the price increased by 10x. Sure, you made 5x your original amount, but had you bought straight BTC you would have made twice that (10x the original amount).

I get that part but why does that decrease profits? Ill recieve less btc for dividends, but my share value will increase and the value of my dividend should not change. Am I still missing the point?

BTC is $100 each now. You invest $1000 into a company. That's 10 BTC.

Over a year, you earn back 5 BTC that are worth $500 each. So you have $2500 now ($1500 profit).

You could have put that same $1000 into the BTC and held it, where you'd now have $5000 ($4000 profit).

Your not taking into account the share price after a year, if you earned 5 BTC back (50% Return) you would be holding shares in a decent company whose share value will very likely bring back a profit over what you paid should you decide to sell. Say the company had no growth really but maintained their current valuation (which is unlikely) and their incoming BTC decreased proportionately to their value rise. Your shares may sell for less BTC but would probably be valued (in USD) around the same amount $1000 which $1000+$2500(5BTC earned)+The same profit you would have seen from holding the original 10BTC. But if the company has significant holdings in BTC (bankroll) they would see a value increase of the bankroll and a corresponding increase in company valuation depending on how much of the company's value is in the bankroll. So in my opinion, you would earn the dividends(in USD value related to profit) The share value increase (partly from BTC holdings value increase and partly from growth and partly because it returned 50% in dividends in a year lol) which would be greater obviously than the $4000 profit from holding 10BTC. If the value of the company was solely based on the bankroll holdings it would now be 5X more valuable earning you $5000 from selling shares and $2500 in dividends.

I was taking into consideration that.

At CBTC's IPO price, it would take (with 10 BTC profit a week) 17.3 years for a 100% ROI. At the current price, it's at ~40 years for 100% ROI, assuming 10 BTC per week in pure profit.

Assuming they increase their profit by 7x to 10 BTC a day instead of per week, that still leaves us at ~2.5 year ROI at IPO and ~6-7 years current. Keep in mind this means *profit*, not just income.

I personally have a lot of shares in the company that I'm holding, but I also know the risk of doing so. You have to decide on your own whether or not the risk is worth the reward.
member
Activity: 109
Merit: 10
We may just have to agree to disagree on this one ran,  Grin that would be why some are long and some are short. We wouldn't need a market if there was no question the value.
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