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.
Topic: [HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread - page 5. (Read 25074 times)
real problem here is that when already Best Online Casino Sites just accept btc its harder to get new customers...
http://onlinecasino.net/index.php
http://www.bestbettingsites.org.uk/top-10-betting-sites/
http://onlinecasino.net/index.php
http://www.bestbettingsites.org.uk/top-10-betting-sites/
Well, the only legitimate gambling service providers in HK are Hong Kong Jockey Club and Hong Kong Stock Exchange.
You're getting trouble. Potential law suit or close down of website haha
You're getting trouble. Potential law suit or close down of website haha
At (approximated) 10 BTC current weekly profit divided by 30'000'000 shares, that makes 0.00000033 BTC per share. At 0.00042 current price, it would take 1,260 weeks for a 100% ROI (assuming no share price change). Assets currently typically stand at 100-200 weeks for 100% ROI or 0.5%-1% weekly.
It is indeed quite high priced currently.
Coinroll at 40 BTC per week x 1260 weeks = 50,400 BTC valuation. Perhaps someone would be interested in seeing Scrat and making him an offer?
(If price was lower, maybe 0.0001 or less, then I'd be interested.)
It is indeed quite high priced currently.
Coinroll at 40 BTC per week x 1260 weeks = 50,400 BTC valuation. Perhaps someone would be interested in seeing Scrat and making him an offer?
(If price was lower, maybe 0.0001 or less, then I'd be interested.)
When are we getting updated financials for Sept 12th? It's already the 14th...
too late for in?
For a long term gain absolutely..to make a profit in a week maybe....my guess is well hit .001 in a month. I would do your own research, read the prospectus, check out the site, run the #'s and weigh the risk. factor in that bitcoin gambling is set to take over most online gambling in the next year or two and I'd say we have a decent investment here. Not to mention your Btc value will increase as well.
too late for in?
You could do a full portfolio check of me and you would not see anything related to casinbitco.in now or ever. Yes bitcoin gambling IS booming. However, casinobitco.in is not the top sportsbook and with current lines they never will be. You can say all you want that gambling is huge cause I agree with that. However casinobitco.in will never be a multi million company when there are better lines, more options and such available. They have simply followed all of the bigger books' moves, not doing anything much different. Bitbook offers 1st 5 innings lines, two days later they offer it, cmon. If they are to become bigger they need to focus on something that IS NOT offered yet, OR reduce their juice to -105/-105.
Well who said they weren't going to constantly work to improve the site and offer better lines? Part of the reason of the IPO was to increase the bankroll and I'm sure once the volume comes in they will be able to compete with other sites and I'm sure they will. I respect that you are a well experienced gambler and I'm sure CBTC will listen to their users and shareholders opinions and suggestions wherever possible to better their site. Why would you assume these things are set in stone? They stated that they are working to add more features and games and I'm sure they will develop well. Let's not forget the share price reflects potential and shareholder sentiment as well. And these are bitcoin denominated companies and investments in a year we very well could have several multi-million dollar gambling sites. I respect your opinion and appreciate your input, but I don't think it's right to call people "stupid" or question whether they are real "investors" just because you like bitbook better and you don't see the value. Maybe youd rather see bitbook succeed? IDk but I would hate to see this thread turn into anything like the Labcoin thread or others. State your opinion if you are so concerned about how others invest their money and thats fine, but keep on an on and you look like you have an agenda, because why would someone with no interest in this company be so concerned? I'm sure you realize how it looks. Either way good luck to you with bitbook and I hope all the investor here with casinobitco.in see the returns I expect to see soon
Based on current average weekly earnings of around 10 BTC (that is being generous), the fact that only 75% is paid back as dividends, the fact that there are 30,000,000 shares, and taking into consideration the current market price, this means a annual dividend of 3.25%. If the Market price drops back to a reasonable level, or if weekly earnings quadruple so that the dividend is around 10 to 15%, then I might buy some more shares.
The Market price got so high that I could not resist immediately selling and getting 3 years profit all at once.
The Market price got so high that I could not resist immediately selling and getting 3 years profit all at once.
This language is in prospectus if there is a buyback or sell - appears to be on equal ground of how Satoshi Dice was sold.
CasinoBitco.in reserves the right to buyback outstanding units of CBTC on Havelock Investments with a 30 day notice, with the price being determined by the higher of the 30-day weighted average price or the current market asking price of CBTC at the time of the official announcement of the buyback.
If CasinoBitco.in is sold or acquired by any party, unit holders will be compensated based on the selling price on a per unit basis. Documentation must be provided if the sale results in a lower valuation than what is currently calculable on Havelock Investments based on the 30-day weighted average price of BCTC at the time of the official announcement of the sale.
In the advent of a forced termination of operations due to legal considerations, the bitcoin assets of the company are to be immediately dispersed to the unit holders on a per unit basis. The remaining assets of the company are to be liquidated and dispersed to the unit holders on a per unit basis. Trading of CBTC will be halted at the time of the official announcement of a forced termination of operations.
That was the term I was not sure if it is good or bad so I did not risk (because as I said before I would had invested a big amount).CasinoBitco.in reserves the right to buyback outstanding units of CBTC on Havelock Investments with a 30 day notice, with the price being determined by the higher of the 30-day weighted average price or the current market asking price of CBTC at the time of the official announcement of the buyback.
If CasinoBitco.in is sold or acquired by any party, unit holders will be compensated based on the selling price on a per unit basis. Documentation must be provided if the sale results in a lower valuation than what is currently calculable on Havelock Investments based on the 30-day weighted average price of BCTC at the time of the official announcement of the sale.
In the advent of a forced termination of operations due to legal considerations, the bitcoin assets of the company are to be immediately dispersed to the unit holders on a per unit basis. The remaining assets of the company are to be liquidated and dispersed to the unit holders on a per unit basis. Trading of CBTC will be halted at the time of the official announcement of a forced termination of operations.
Lesson learned, 1btc in every IPO
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.
It seems I was wrong (but maybe they were gotten by surprise too)!
Ahh, you mean like wait until peak price and sell asap (like the "pump'n'dump" coins do)?
I think these guys are in it for the long-run.
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.
It seems I was wrong (but maybe they were gotten by surprise too)!
Ahh, you mean like wait until peak price and sell asap (like the "pump'n'dump" coins do)?
I think these guys are in it for the long-run.
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.
It seems I was wrong (but maybe they were gotten by surprise too)!
EDIT: So I did not think it would more than double like early Labcoin but more like Dealcoin. That said it would be worth to invest only large amounts which I did not want because of the at least 3 more unit sells...
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
If they sold the company, wouldn't the sale price be paid out to stockholders? At least that's what I would guess would happen. And if that happened, they would sell for a profit (I hope) so stockholders would earn more as a result.
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
If they end up somehow pulling, say 18 BTC a day in profit, it will have a 100% yearly ROI. There's a bit of work to get it there, but I think it's possible. Note: that's profit, though, not just income/deposits.
Ridiculously overpriced for an IPO which gonna issue more public shares in the future plus as far as I understand their actual plan is to sell the company?
Maybe I understood wrong though.
Maybe I understood wrong though.
You could do a full portfolio check of me and you would not see anything related to casinbitco.in now or ever. Yes bitcoin gambling IS booming. However, casinobitco.in is not the top sportsbook and with current lines they never will be. You can say all you want that gambling is huge cause I agree with that. However casinobitco.in will never be a multi million company when there are better lines, more options and such available. They have simply followed all of the bigger books' moves, not doing anything much different. Bitbook offers 1st 5 innings lines, two days later they offer it, cmon. If they are to become bigger they need to focus on something that IS NOT offered yet, OR reduce their juice to -105/-105.
I truly think this company will do very well. Bitcoin gambling has been blowing up and I have been paying attention. I don't believe 2M is overly valued at all. In fact I think its undervalued. The top Bitcoin dice sites have done very well. With a casino and sports books going into football season I expect great things. This site is well put together and the management seems very professional and top notch. Consider the source always when you see someone posting FUD. These are the same people that very likely missed IPO price and would like nothing more than to see people sell early and drive the price back down to where they have a second chance to get in cheap. Some people will take profits early and we will see fluctuations but I believe the ones who hold will reap the best profits. Don't let yourself be mis-led by the haters. Some thought the IPO was overpriced and would crash immediately so decided not to buy and now their upset and want to prove that everyone's an idiot except them. They are basically begging to get in and want you to give away your shares. My opinion is you will regret it later if you sell your shares early. This is a well put together company and I expect it to do very well. You won't get my shares. Justy opinion
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Check them out here:
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