Topic: [HAVELOCK] DIRECT FUND Mining Contract Offer Starts Monday August 10th! (Read 3896 times)
August 26, 2015, 07:21:54 PM
Havelock has confirmed the buyback request and will be doing so based on the IPO Purchase price.
August 25, 2015, 10:25:26 PM
Hi everyone, apologies for the delay. I've been taking care of some personal issues this past week. I'm going to go ahead and instruct Havelock to close the offering and begin the refund process. Thanks to everyone that participated.
August 25, 2015, 12:22:46 PM
Initial Offering
The initial offering will be available for fourteen days. All units of the initial 1,000,000 block must be purchased in order for the contract to be initialized. If the initial offering is unsuccessful (the full 1,000,000 units are not sold out), funds paid for these units will be returned to the purchasers and the contracts will be null and void.
The initial offering will be available for fourteen days. All units of the initial 1,000,000 block must be purchased in order for the contract to be initialized. If the initial offering is unsuccessful (the full 1,000,000 units are not sold out), funds paid for these units will be returned to the purchasers and the contracts will be null and void.
The more I read this the more confusing it gets. If the offering was unsuccessful - which it was as today is the 25th - and everyone got refunded, who's trading those shares on Havelock and why is trading enabled at all? I have a feeling that the terms got ninja-edited at some point so please at least post the newest version somewhere.
What a shitshow, no wonder the "Top-Tier Mining Organization" didn't want their name mentioned in this.
August 25, 2015, 11:58:50 AM
So what's the status? I can see it's now trading on Havelock but the IPO is still going on too? And the price doesn't seem to have been adjusted to match the exchange rate.
August 14, 2015, 07:40:36 AM
Is it being promoted anywhere outside Bitcointalk?
It was not the plan to promote outside this forum, as everyone here can be assumed to have a better understanding of the offering than those elsewhere, but we are going to investigate doing so.
August 14, 2015, 04:01:21 AM
Yeah, nice. The problem is some people have still not forgotten Amhash. That one was sold via Havelock, right?
August 13, 2015, 10:52:16 AM
Hi guys; if the extra time does not look like it will make a difference in achieving the goal of selling out the total number of shares, we will go ahead and stop the offering as planned on 8/24-
Thanks-
Thanks-
Is it being promoted anywhere outside Bitcointalk?
August 13, 2015, 10:00:57 AM
Hi guys; if the extra time does not look like it will make a difference in achieving the goal of selling out the total number of shares, we will go ahead and stop the offering as planned on 8/24-
Thanks-
Thanks-
August 12, 2015, 01:57:07 PM
Offering End Date will still be 8/24/15 at 1PM EDT.
I still feel a bit out of my depth here, but pushing the end date back by a couple of weeks may not boost buyer confidence as much as one might expect.
Also, incrementally raising the price was done to ...
Price is tied to USD:
Offering Price: $0.55 per Unit, in BTC - Pricing will be adjusted as needed during Offering Period due to USD/BTC fluctuation
As for the date change - I'd guess it's selling much slower than expected. No chance of selling it out at the current pace even with the extended deadline.
August 12, 2015, 01:37:07 PM
Seems people have finally learned their lesson with these type of offerings. It only took a few years and millions lost to learn it!
yeah very glad to see people are finally learning why investing in these are horrid. What's even funny is how Havelock has hosted one of these before. It's almost like they don't even care about their traders or users...
August 12, 2015, 11:11:51 AM
How lengthy a process might changing the IPO status from "closed" to "in progress" be, would you guess? Might encourage sales, though I'm neither a marketing nor a computer expert, just spitballing here.
Thanks, I'm working on that with Havelock now-
August 11, 2015, 07:12:48 PM
Seems people have finally learned their lesson with these type of offerings. It only took a few years and millions lost to learn it!
August 11, 2015, 01:54:08 PM
So, after seeing 23 BTC market cap become 17 BTC market cap (and not having any clue how this could happen during an IPO), clicked on "order book" & got even more confused.
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Sorry for the confusion; the issue stems from having scheduled the start and end date of the Initial Offering at the same time
In other words the start date and end date are one and the same, the IPO is over, and live trading has begun. No biggie, an honest mistake.
Any guesses as to the actual end date?
Technically, yes, that's correct - Offering End Date will still be 8/24/15 at 1PM EDT. Going to see if we can return to IPO Offering status, as I'd prefer that the market not be open to limit confusion-
August 11, 2015, 08:43:37 AM
So, after seeing 23 BTC market cap become 17 BTC market cap (and not having any clue how this could happen during an IPO), clicked on "order book" & got even more confused.
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Sorry for the confusion; the issue stems from having scheduled the start and end date of the Initial Offering at the same time (erroneously). After an initial offering is closed, the remaining units (all of them, in this case), are released to the open market.
The Ask Wall of 987,837 shares (currently) is the 'Offering'; I'm currently speaking to Havelock to try and close trading and reissue the Public Offering for simplicity's sake. In any case, the shares purchased from the Ask Wall are the legitimate shares for the Offering.
Thanks to all of our purchasers of the 12,163 units so far!
August 11, 2015, 04:53:24 AM
So, after seeing 23 BTC market cap become 17 BTC market cap (and not having any clue how this could happen during an IPO), clicked on "order book" & got even more confused.
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Anyone make heads or tails of this? (multiple bid prices, multiple ask prices, last buy @ ,00150003 not 0.00208192)
Someone sold 1 share for 0.00150002 just to reflect on market cap, market cap is based on last trade.
But you're right, trading shouldn't be enable while initial offering is available.
August 10, 2015, 08:34:42 PM
Thanks to our early purchases
This sort of thing is never easy for me, might as well get it over with...
Was wondering when you would show up and post some pics.
August 10, 2015, 07:30:08 PM
So that's it. Now we got a dead thread over here?
I'm happy to answer any questions about the offering of the offering structure.
"trying their hand at mining" is dumb. There are 2 reasons to mine, get bitcoins, secure the network. These miners are already running, paying an unnamed person won't help there, so the only reason is to get bitcoins. It doesn't make sense to "try mining" via someone else's miner unless you will get more bitcoins than you can get from the market, and if that were the case it wouldn't make sense for that person to let you try. As soon as everyone realizes this the hashrate and price will stabilize to something that makes sense.
I think this is an opportunity for the Mining Operator to hedge their exchange rate risk by accepting a certain amount of guaranteed fiat in advance. This way they can lock in some profit (fiat-wise) and retain additional capital for future infrastructure investments.
All great reasons for the still unnamed for no reason mining operator to offer this and terrible reasons for people to buy it. What are these guys going to do when all the people that can't do math run out of money?
August 10, 2015, 07:19:43 PM
Thanks to our early purchases
This sort of thing is never easy for me, might as well get it over with...
http://s11.postimg.org/nva18x49v/Capture.png
August 10, 2015, 12:25:47 PM
Apologies to everyone for the delayed start; I had incorrectly input the start/ending date for the public offering-
Offering will begin at 2PM - thanks for your patience!
EDIT: Offering is up! Thanks to our early purchases and please ask any questions here, or email at [email protected]
Offering will begin at 2PM - thanks for your patience!
EDIT: Offering is up! Thanks to our early purchases and please ask any questions here, or email at [email protected]
August 10, 2015, 10:53:47 AM
DIRECT Offering begins at 1PM 2PM Eastern Daylight Time Today!
Offering price has been updated to reflect $0.55 per unit at the most current Coinapult rate of $264.18
Offering Start Date: Monday, August 10th at 1PM EDT (5PM GMT)
Offering End Date: Monday, August 24th at 1PM EDT (5PM GMT) or until Sold Out
Units Offered: 1,000,000 (Equivalent to 1GH/s per Unit)
Offering Price: $0.55 per Unit, in BTC = .00208192 BTC
Link: https://www.havelockinvestments.com/fund.php?symbol=DIRECT
Public Offering: Link TBD
Reports: https://www.havelockinvestments.com/reports.php
Please let me know if you have any questions about the offering or the listing!
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