Korbman SHUT UP... Don't ruin this for the rest of us who take the same advantage you do but don't have to brag about it.
Topic: [HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread - page 6. (Read 25116 times)
You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.
Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..
Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)
If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.
I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.
Are the owners/operators of CasinoBitco in this thread?
That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.
10% of the current actual float? Or the projected offerings?
Current actual float (3 million * last sale price = current valuation on Havelock). There are 30 million shares total though.
You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.
Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..
Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)
If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.
I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.
Are the owners/operators of CasinoBitco in this thread?
That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.
10% of the current actual float? Or the projected offerings?
You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.
Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..
Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)
If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.
I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.
Are the owners/operators of CasinoBitco in this thread?
That market cap is based on the stocks, which only account for 10%. The price has also dropped almost 50% since he said that. So take 165 * 1.5 (just say 200k for fun) and that is 10% of the company. Multiply that by 10 to get the valuation.
You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.
Where are you getting the 2 million dollar amount from? I see the market cap is 165k right now..
Maybe my math is wrong.. And i don't own any. But if they continue with their most recent week's reported revenue the stock is currently 100% undervalued. (market cap <200k, projected revenue using most recent week >400k)
If you consider the reported growth then it's way beyond undervalued. Most securities are valued on their revenue as opposed to profit are they not? Reason being the revenue is more of a consideration when looking at a sale. At least for legitimate businesses that deal with tax.
I'm not saying you are wrong. I am seriously interested. What am i missing? Obviously they are more shares on the table. Personally i am leery of investing into any of these bitcoin related listings.
Are the owners/operators of CasinoBitco in this thread?
The price is crashing, 
. Down from almost 0.0006 to 0.0004 so far.
Too few shares traded to really call it a "crash". The price rocketed up and some excited IPOers and early buyers cashed in some of their shares (but not very many).. Down from almost 0.0006 to 0.0004 so far..00043 (the last trade) is almost 2.4 x IPO, so still very successful and the trading seems to have settled down for now.
The price is crashing, . Down from almost 0.0006 to 0.0004 so far.
. Down from almost 0.0006 to 0.0004 so far. 
The second round price is to be determined based on market price at that time.
When will the second round happen?EDIT: Missed it on the front page -
Quote
a. September 16, 2013: 1,125,000 units
b. December 17, 2013: 750,000 units
c. March 17, 2014: 2,625,000 units
b. December 17, 2013: 750,000 units
c. March 17, 2014: 2,625,000 units
runa, minor correction : )
From prospectus:
Within 90 days of the successful completion of this IPO, Casinobitco.in may release an additional (5%) of existing units with an offering price to be determined by the 30-day weighted average price of CBTC. There will be an update one week ahead of time if it will not take place.
The second round price is to be determined based on market price at that time.
When will the second round happen?EDIT: Missed it on the front page -
Quote
a. September 16, 2013: 1,125,000 units
b. December 17, 2013: 750,000 units
c. March 17, 2014: 2,625,000 units
b. December 17, 2013: 750,000 units
c. March 17, 2014: 2,625,000 units
This site has made ~$10,000 from 3-4 months of running. This is very little. Based on the ACTUAL profits, a valuation of 250,000$ would be reasonable. IMO all you investing in this right now are idiots. Jesus christ. I've never had an issue with IPOs but these valuations are insane.
And this is why I usually bet big on IPOs like this. People value them vastly higher than they should be, regardless of the information presented to them. It's to the point where not only have I just about tripled (and cashed out) my original investment, but now I've got free shares sitting waiting to earn money. Thanks guys!
This happens with just about any hyped up offering out there. It's seems I don't have to do nearly as much due diligence as I used to...all I have to do is browse through the thread, look for the groups of newbie accounts going "watching!", "Great idea!", "I'll invest", etc, buy up shares during the offering, and then offer them back at insane prices...prices which are reached days to a week later.
Nothing against CasinoBitco of course, since this isn't their doing. I'm actually rooting for them, and I like my casino investments
Korbman SHUT UP... Don't ruin this for the rest of us who take the same advantage you do but don't have to brag about it.
This site has made ~$10,000 from 3-4 months of running. This is very little. Based on the ACTUAL profits, a valuation of 250,000$ would be reasonable. IMO all you investing in this right now are idiots. Jesus christ. I've never had an issue with IPOs but these valuations are insane.
And this is why I usually bet big on IPOs like this. People value them vastly higher than they should be, regardless of the information presented to them. It's to the point where not only have I just about tripled (and cashed out) my original investment, but now I've got free shares sitting waiting to earn money. Thanks guys!
This happens with just about any hyped up offering out there. It's seems I don't have to do nearly as much due diligence as I used to...all I have to do is browse through the thread, look for the groups of newbie accounts going "watching!", "Great idea!", "I'll invest", etc, buy up shares during the offering, and then offer them back at insane prices...prices which are reached days to a week later.
Nothing against CasinoBitco of course, since this isn't their doing. I'm actually rooting for them, and I like my casino investments
You "investors" are valuing this company at nearly $2,000,000, man I should start an IPO and get free money like this. TWO MILLION dollars. For a site with $10,000 of profit over 3-4 months. The dividends on 1 BTC will be roughly 5-7% yearly at 0.0002 a share from my calculations. To be at .0005 is even more rediculous.
In order of popularity sportsbooks based on google-analytics:
1. Bitbook.biz
2. Nitrogensports.eu
3. Bitcoinsports.eu
4. Casinobitco.in.
Bitbook is the only one who should be valued close to or more than 1 million dollars.
Bitbook offers the BEST lines by far, and even with Casinobitco.in's reduced Sunday -107 juice, bitbook has them beat with -106 juice ALL the time. Nitrogen also offers -106 juice ALL the time.
This site has made ~$10,000 from 3-4 months of running. This is very little. Based on the ACTUAL profits, a valuation of 250,000$ would be reasonable. IMO all you investing in this right now are idiots. Jesus christ. I've never had an issue with IPOs but these valuations are insane.
If anyone reading this wants to become rich lets create a sportsbooks ourselves, put in about $25,000 and just cause it looks good despite not huge profits, 6 months later, we'll become millionaires due to BTC investors after IPO!
Wager offered:
I will offer a 1:1 wager on that I can invest in a different stock(s) and make more thru dividends % vs. your casinobitco.in stock. Basically after 6 months we see who has made more back of their initial investment due to dividends alone. Up to 1 BTC. Really would love to do this cause this is insanely overvalued. Dividends will be a few satoshis with this insane overvaluation. I'm honestly so confident in this that one could simply deposit coins to Coinlenders and make more money I think.
Would love to see casinobitco.in owner or TheSwede75 (the biggest shill of them and obvious part-owner) take me up on this offer. I will do this offer for 3 BTC with one of them and make the bet public here if accepted by one of them in this thread to prove my point.
In order of popularity sportsbooks based on google-analytics:
1. Bitbook.biz
2. Nitrogensports.eu
3. Bitcoinsports.eu
4. Casinobitco.in.
Bitbook is the only one who should be valued close to or more than 1 million dollars.
Bitbook offers the BEST lines by far, and even with Casinobitco.in's reduced Sunday -107 juice, bitbook has them beat with -106 juice ALL the time. Nitrogen also offers -106 juice ALL the time.
This site has made ~$10,000 from 3-4 months of running. This is very little. Based on the ACTUAL profits, a valuation of 250,000$ would be reasonable. IMO all you investing in this right now are idiots. Jesus christ. I've never had an issue with IPOs but these valuations are insane.
If anyone reading this wants to become rich lets create a sportsbooks ourselves, put in about $25,000 and just cause it looks good despite not huge profits, 6 months later, we'll become millionaires due to BTC investors after IPO!
Wager offered:
I will offer a 1:1 wager on that I can invest in a different stock(s) and make more thru dividends % vs. your casinobitco.in stock. Basically after 6 months we see who has made more back of their initial investment due to dividends alone. Up to 1 BTC. Really would love to do this cause this is insanely overvalued. Dividends will be a few satoshis with this insane overvaluation. I'm honestly so confident in this that one could simply deposit coins to Coinlenders and make more money I think.
Would love to see casinobitco.in owner or TheSwede75 (the biggest shill of them and obvious part-owner) take me up on this offer. I will do this offer for 3 BTC with one of them and make the bet public here if accepted by one of them in this thread to prove my point.
Nice gain so far today!
Will the second round be at a higher price?
The second round price is to be determined based on market price at that time.
I got a question that the odds of the site's sports game are setted according to what? How to protect the interests of shareholders?
Can you clarify?
We seek to offer great odds, and best house edge for players wherever feasible
To protect shareholders, we take responsibility to watch for any vulnerabilities, whether that be certain leagues or bet types we can't maintain - Ideally, when we can get balanced action, this will never be the case.
I can take this one!
We actually pull odds from a variety of different sources which expose their lines via open APIs or rss feeds, examples include (but are not limited to) betonline.com and sportsbetting.ag. From there, we've built a framework to analyze the feeds available for a particular event and serve up the mean or medium for that particular game. Further, we've built some hooks into this framework to override particular odds or lines in a given event (like last week when we offered reduced odds for NFL Week #1).
While this is a pretty cool framework, it's always being refined and enhanced to handle special use cases or new features.
thank you for your answer.
I got a question that the odds of the site's sports game are setted according to what? How to protect the interests of shareholders?
Can you clarify?
We seek to offer great odds, and best house edge for players wherever feasible
To protect shareholders, we take responsibility to watch for any vulnerabilities, whether that be certain leagues or bet types we can't maintain - Ideally, when we can get balanced action, this will never be the case.
I can take this one!
We actually pull odds from a variety of different sources which expose their lines via open APIs or rss feeds, examples include (but are not limited to) betonline.com and sportsbetting.ag. From there, we've built a framework to analyze the feeds available for a particular event and serve up the mean or medium for that particular game. Further, we've built some hooks into this framework to override particular odds or lines in a given event (like last week when we offered reduced odds for NFL Week #1).
While this is a pretty cool framework, it's always being refined and enhanced to handle special use cases or new features.
I got a question that the odds of the site's sports game are setted according to what? How to protect the interests of shareholders?
Can you clarify?
We seek to offer great odds, and best house edge for players wherever feasible
To protect shareholders, we take responsibility to watch for any vulnerabilities, whether that be certain leagues or bet types we can't maintain - Ideally, when we can get balanced action, this will never be the case.
Will the second round be at a higher price?
IPO stats: 57 IPO buyers (52,632 average IPO shares)
Now: 147 unit holders
We're very glad to have so many investors on-board and hope to grow that #!
Now: 147 unit holders
We're very glad to have so many investors on-board and hope to grow that #!
I got a question that the odds of the site's sports game are setted according to what? How to protect the interests of shareholders?
Can you clarify?
We seek to offer great odds, and best house edge for players wherever feasible
To protect shareholders, we take responsibility to watch for any vulnerabilities, whether that be certain leagues or bet types we can't maintain - Ideally, when we can get balanced action, this will never be the case.
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