[HAVELOCK] (HIF) Havelock Investments Fund - page 16.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: ergofobe on November 25, 2013, 03:50:14 PM

Quote from: Lohoris on November 22, 2013, 09:08:51 PM

Strange, they just give us their address, knowing nobody will bother to go there, and avoid to give an answer to the real questions.
Who could have guessed!

FWIW, I've been to the offices many times. It's not just a shelf corporation. They are serious about building a solid and trustworthy business.

I deal with leadership of The Panama Fund directly on a regular basis, and have been for awhile. They're some of my best and largest customers.

And who are you, what do you do, and why should we take your word for it? How do we know you are not just one of the Havelock guys trying to hype your stock under a sock-puppet account?

ergofobe

newbie

Activity: 29

Merit: 0

Quote from: crumbs on November 25, 2013, 04:06:40 PM

Lol, OK ergfobe, your word's good enough for me.
Can i give you my money, and you can just drop it off at The Panama Fund next time you stop by their office?

I know you're trolling, but short answer, sure. I'd be happy to hand deliver your BTC. Roll Eyes

vite

legendary

Activity: 1018

Merit: 1000

This person is a trusted and established businessmen and has been a great customer to www.panamabitcoins.com, I vouch that he has the financial backing to be able to carry on this project.

crumbs

full member

Activity: 210

Merit: 100

Quote from: ergofobe on November 25, 2013, 03:50:14 PM

Quote from: Lohoris on November 22, 2013, 09:08:51 PM

Strange, they just give us their address, knowing nobody will bother to go there, and avoid to give an answer to the real questions.
Who could have guessed!

FWIW, I've been to the offices many times. It's not just a shelf corporation. They are serious about building a solid and trustworthy business.

I deal with leadership of The Panama Fund directly on a regular basis, and have been for awhile. They're some of my best and largest customers.

Lol, OK ergfobe, your word's good enough for me.
Can i give you my money, and you can just drop it off at The Panama Fund next time you stop by their office?

ergofobe

newbie

Activity: 29

Merit: 0

Quote from: Lohoris on November 22, 2013, 09:08:51 PM

Strange, they just give us their address, knowing nobody will bother to go there, and avoid to give an answer to the real questions.
Who could have guessed!

FWIW, I've been to the offices many times. It's not just a shelf corporation. They are serious about building a solid and trustworthy business.

I deal with leadership of The Panama Fund directly on a regular basis, and have been for awhile. They're some of my best and largest customers.

hdbuck

legendary

Activity: 1260

Merit: 1002

HIF IPO... more like HIV POS... better be covered when investing in it... haha... Grin

crumbs

full member

Activity: 210

Merit: 100

Quote from: jimmothy on November 25, 2013, 05:48:15 AM

Quote from: Lohoris on November 25, 2013, 05:33:51 AM

Quote from: velacreations on November 24, 2013, 05:24:29 PM

what if the asset you have has a direct share system in place as a bit of insurance against this exchange failing?

Convert it to direct, then.

Remember that Bitfunder operated as a fractional reserve, what's holding havelock from screwing up this too?

We get it you don't like Havelock. No reason to make up hypothetical situations. I don't understand how bitfunder could operate as a fractional reserve but ukyo.loan most likely did. And there is not a single shred of evidence that suggests Havelock is doing so.

Havelock and Bitfunder are different on so many levels it makes no sense to compare. Bitfunder was run by 1 guy in a country that clearly states that all securities/exchanges must be registered with SEC. Havelock is a team who has been running a legal operating exchange in panaman since 2008 merged with a bitcoin security exchange that has been operating smoothly for more than a year.

Part of being a registered exchange in panama is the requirement of $25,000 iirc and there are names attached to whoever registered The Panama Fund, SA. Unlike Bitfunder there is a physical location and contact numbers.

Again to this day we have no idea why bitfunder or even btct.co shut down as neither burnside or ukyo have clarified why.

Lolz.
No signs that Havelock was operating as a "fractional reserve"?
Havelock is trying to sell share in itself after purportedly being bough by some doods in Panama.
And failing hard.

Re: "registered exchange in Panama"? More lolz. It's a registered Panamanian shelf company.
It costs more money and requires more documentation to register *a dog* in US.

Jimmothy, how much of this mystery bag did you buy? Cheesy

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: Lohoris on November 25, 2013, 05:33:51 AM

Quote from: velacreations on November 24, 2013, 05:24:29 PM

what if the asset you have has a direct share system in place as a bit of insurance against this exchange failing?

Convert it to direct, then.

Remember that Bitfunder operated as a fractional reserve, what's holding havelock from screwing up this too?

We get it you don't like Havelock. No reason to make up hypothetical situations. I don't understand how bitfunder could operate as a fractional reserve but ukyo.loan most likely did. And there is not a single shred of evidence that suggests Havelock is doing so.

Havelock and Bitfunder are different on so many levels it makes no sense to compare. Bitfunder was run by 1 guy in a country that clearly states that all securities/exchanges must be registered with SEC. Havelock is a team who has been running a legal operating exchange in panaman since 2008 merged with a bitcoin security exchange that has been operating smoothly for more than a year.

Part of being a registered exchange in panama is the requirement of $25,000 iirc and there are names attached to whoever registered The Panama Fund, SA. Unlike Bitfunder there is a physical location and contact numbers.

Again to this day we have no idea why bitfunder or even btct.co shut down as neither burnside or ukyo have clarified why.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: velacreations on November 24, 2013, 05:24:29 PM

what if the asset you have has a direct share system in place as a bit of insurance against this exchange failing?

Convert it to direct, then.

Remember that Bitfunder operated as a fractional reserve, what's holding havelock from screwing up this too?

blowstampede

newbie

Activity: 4

Merit: 0

Havelock has been pretty uncommunicative on this, pretty disappointing...

Can someone from Havelock please explain what will happen if the IPO is not fully subscribed?

Seems pretty fraudulent if you either:
i. keep investor funds locked when the block sales are going nowhere, or
ii. stopped the rest of the subscription blocks, and allowed market trading of the shares already purchased (i.e. without fulfilling the terms of the prospectus by not selling all the tranches and screwing the initial investors by misleading them)

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Lohoris on November 24, 2013, 02:26:54 PM

If I had any asset there, I would sell it to 0.
I only have a single share, though, so I can't really sell it, since its value is less than the minimum withdrawal :v

what if the asset you have has a direct share system in place as a bit of insurance against this exchange failing?

At his point, I wouldn't invest in anything that didn't have a direct shares system already in place.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: velacreations on November 24, 2013, 12:39:41 PM

+!, which makes me wonder, should I be selling everything I have and get out of Havelock securities altogether? Because an IPO like this sure doesn't give me confidence in their exchange.

If I had any asset there, I would sell it to 0.
I only have a single share, though, so I can't really sell it, since its value is less than the minimum withdrawal :v

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Deprived on November 24, 2013, 11:50:01 AM

Quote from: ?? on ??

IPOs on Havelock have time limits. If this tranche doesn't sell it, it will probably be the last one. So much for the "discounted price", then.

Yeah, the good old "discounted price" scam.

If you want to sell 100 shares of something at 1 BTC it works like this:

1. Announce you're selling 200 shares worth 2 BTC.
2. Announce the first 100 will be sold at half-price.
3. Rush it so noone has time to ask questions if they want to get in on the 'bargain' - you don't want them noticing that not only are your projections based on unsubstantiated estimates of future profits but that your math doesn't even work out IF your assumptions were correct. Nor do you want anyone worrying about little missing details like existing assets, historical accounts etc.

You get to sell what you wanted at the price you wanted - and if you're really lucky some idiots even pay the 'full' price. It worked for quite a few securities on Bitfunder (obviously the last blocks never sold out but the issuers raised plenty of BTC for selling near-worthless junk).

+!, which makes me wonder, should I be selling everything I have and get out of Havelock securities altogether? Because an IPO like this sure doesn't give me confidence in their exchange.

Deprived

hero member

Activity: 532

Merit: 500

Quote from: ?? on ??

IPOs on Havelock have time limits. If this tranche doesn't sell it, it will probably be the last one. So much for the "discounted price", then.

Yeah, the good old "discounted price" scam.

If you want to sell 100 shares of something at 1 BTC it works like this:

1. Announce you're selling 200 shares worth 2 BTC.
2. Announce the first 100 will be sold at half-price.
3. Rush it so noone has time to ask questions if they want to get in on the 'bargain' - you don't want them noticing that not only are your projections based on unsubstantiated estimates of future profits but that your math doesn't even work out IF your assumptions were correct. Nor do you want anyone worrying about little missing details like existing assets, historical accounts etc.

You get to sell what you wanted at the price you wanted - and if you're really lucky some idiots even pay the 'full' price. It worked for quite a few securities on Bitfunder (obviously the last blocks never sold out but the issuers raised plenty of BTC for selling near-worthless junk).

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: canuckgal on November 24, 2013, 03:25:52 AM

So they could in theory just keep holding these blocks, and never let me trade?

If the IPO is unsuccessful they would give the money back, or it would be a scam.
But... we've been telling you from the start that this whole operation is shady at best, you didn't listen...

canuckgal

member

Activity: 104

Merit: 10

So they could in theory just keep holding these blocks, and never let me trade?

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: canuckgal on November 23, 2013, 09:23:08 PM

Quote from: pascal257 on November 23, 2013, 07:50:49 PM

As far as I know the IPO is only sucessful if all 4 rounds are sold.

Four rounds!? I hope you're exaggerating

Excuse me for using the wrong terminology. I meant blocks instead of rounds.

Quote

The schedule of the Blocks will be as follows:
November 20th, 2013 12 PM 1st Block 1,250,000 Units Offered at a 50% Discount ฿0.0005 Per Unit = 625 BTC **SOLD OUT**
November 22nd, 2013 2nd Block 1,250,000 Units Offered at a 33% Discount ฿0.00066 Per Unit = 825 BTC
*TBD 3rd Block 1,250,000 Units Offered at a 25% Discount ฿0.00075 Per Unit = 937.5 BTC
*TBD 4th Block 1,250,000 Units Offered at a face value ฿0.001 Per Unit = 1250 BTC

canuckgal

member

Activity: 104

Merit: 10

Quote from: pascal257 on November 23, 2013, 07:50:49 PM

As far as I know the IPO is only sucessful if all 4 rounds are sold.

Four rounds!? I hope you're exaggerating

pascal257

sr. member

Activity: 493

Merit: 262

As far as I know the IPO is only sucessful if all 4 rounds are sold.

jmft88

newbie

Activity: 18

Merit: 0

Quote from: hobbymd on November 23, 2013, 05:45:48 PM

Quote from: jmft88 on November 23, 2013, 05:11:56 PM

So this IPO its almost stoped at 0.00066, I dont think it will sell at 1mB at this rate at all. At least open the flood gates, and you can make later another offer at market price. This its not going anywhere right now.

FTFY

I bet you gotta wait until at least the second round finishes before they open up trading

I completely agree with you, thats what I was thinking. Because it will be tricky to do so at this stage. But I really doubt that people really are gonna commit to buying at 1mb, if this stage closes and they dont open the trades, or give any more information.

Topic: [HAVELOCK] (HIF) Havelock Investments Fund - page 16. (Read 70071 times)