[HAVELOCK] (HIF) Havelock Investments Fund - page 6.

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: pumawolf on July 17, 2014, 02:42:11 PM

Quote from: nwfella on July 10, 2014, 01:23:07 PM

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow. Talk about a retarded thing for me to invest in.

"Never go full-retard"

i know the wall st fat cats party hard ,but dam. they really need to turn this site into a daytrading site, this is pathetic .

Their operation isn't big enough to call for having salaried staff, if they need work done --> freelance
They should have a core staff of a few people who's earnings off the site come from equity. Having 165BTC in expenses is ridiculous, they surely aren't spending any of it towards improving the site (which would cost ~$7500 to build at most). And how did they generate 167BTC in revenue? Trade volume isn't that high, and they earn ~20BTC a month in the outrageous fee's they charge to the assets issued on it. Between this and them refusing to even respond to the mintspare issue, Im losing a lot of faith in Havelock.

pumawolf

sr. member

Activity: 968

Merit: 250

Quote from: nwfella on July 10, 2014, 01:23:07 PM

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow. Talk about a retarded thing for me to invest in.

"Never go full-retard"

i know the wall st fat cats party hard ,but dam. they really need to turn this site into a daytrading site, this is pathetic .

pummle

member

Activity: 109

Merit: 10

Bleating sense into the world

Without any breakdown of the categories, the numbers in the report just look like something somebody pulled out of their ass.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: freemarketaussie on July 16, 2014, 06:28:57 AM

I agree most of the costs I would think would be wages, however for investors to have confidence in the platform and therefore support the stock price Havelock should be more transparent on costs. Some guidance on the future would be good as well, such as improvements on the platform, advertising, new assets that will be added, hopes / dreams etc...

You know what else would help investor confidence? Havelock shares trading at more than a fraction (1/7th) of the IPO price

freemarketaussie

newbie

Activity: 42

Merit: 0

I agree most of the costs I would think would be wages, however for investors to have confidence in the platform and therefore support the stock price Havelock should be more transparent on costs. Some guidance on the future would be good as well, such as improvements on the platform, advertising, new assets that will be added, hopes / dreams etc...

jrlichtman

full member

Activity: 141

Merit: 100

Quote from: Lohoris on July 11, 2014, 02:00:15 PM

Quote from: VJain on July 11, 2014, 01:14:02 PM

I really hope Havelock publishes their expenses... in a more detailed way.

They could be detailed if they wanted to.
They are not detailed.
"Accidentally" they are exactly spending everything.
Scam.

It's up to them to prove they aren't scamming, and they aren't even trying.

We're talking roughly $30k per month over a three month period.

Let's say (being generous) that their hosting cost $2k per month, and that rent cost a similar amount.

That leaves $25k. Does that consist of four or five salaries? Maybe. There's work involved in keeping a site like this running.

Perhaps there's some marketing budget or SEO in there as well.

All of the above could be justified, if they just gave us a breakdown.

_mr_e

legendary

Activity: 817

Merit: 1000

Wow, I always thought Havelock was a trustworthy company... this makes me seriously doubt that.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: VJain on July 11, 2014, 01:14:02 PM

I really hope Havelock publishes their expenses... in a more detailed way.

They could be detailed if they wanted to.
They are not detailed.
"Accidentally" they are exactly spending everything.
Scam.

It's up to them to prove they aren't scamming, and they aren't even trying.

VJain

sr. member

Activity: 305

Merit: 250

Quote from: Lohoris on July 11, 2014, 03:52:55 AM

Quote from: nwfella on July 10, 2014, 01:23:07 PM

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow. Talk about a retarded thing for me to invest in.

"Never go full-retard"

lol obvious scam is obvious.

How is it obvious? Do you have information we don't? Or if there was something I missed, please point it out and I'll facepalm for the next 30 seconds.

My belief is they're just either:
1. Reinvesting it all on marketing/dealing with potential investors/funds
2. Making poor management and expense decisions (my eyes on this one)

I really hope Havelock publishes their expenses... in a more detailed way.

joele

legendary

Activity: 1022

Merit: 1000

Expect negative profit next quarter.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: nwfella on July 10, 2014, 01:23:07 PM

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow. Talk about a retarded thing for me to invest in.

"Never go full-retard"

lol obvious scam is obvious.

jrlichtman

full member

Activity: 141

Merit: 100

Quote from: VJain on July 10, 2014, 02:35:18 PM

I invested (stupid decision at IPO) as a 3 yr investment (1 BTC). Let's hope that things, in the long run, sharpen up.

I put in a small amount, also at the IPO. Hanging on because its worthless anyhow.

VJain

sr. member

Activity: 305

Merit: 250

I invested (stupid decision at IPO) as a 3 yr investment (1 BTC). Let's hope that things, in the long run, sharpen up.

jrlichtman

full member

Activity: 141

Merit: 100

Quote from: Zakryze on July 10, 2014, 01:51:29 PM

its an issue of "i put the money back into my pockets until i crashed the market hard enough to buy back the shares extremely cheap until i can sell them off and scam even more customers"

Maybe. There's a working exchange. There's traffic on it. I've bought and sold shares there many times, and paid the percentage fee each time. I'm assuming that the listings are paying their fees as well. We don't have a breakdown for revenue, but if I sat down with a spreadsheet I could probably come up with a pretty good guess.

What we don't know is what the expenses are. That's a big problem.

The whole point of a report is so that investors can make informed decisions. I find this extremely disrespectful to the shareholders.

Zakryze

sr. member

Activity: 308

Merit: 250

its an issue of "i put the money back into my pockets until i crashed the market hard enough to buy back the shares extremely cheap until i can sell them off and scam even more customers"

jrlichtman

full member

Activity: 141

Merit: 100

Quote from: statdude on July 10, 2014, 01:34:59 PM

Havelock should hire a finance person/accountant.
Also site could use some new improvements.

I would be surprised if they don't have an accountant. This is an issue of transparency (opacity?), not accounting.

Zakryze

sr. member

Activity: 308

Merit: 250

na they should spend even more btc on cocaine and whores so they dont have a revenue at all...

statdude

legendary

Activity: 1498

Merit: 1000

Havelock should hire a finance person/accountant.
Also site could use some new improvements.

jrlichtman

full member

Activity: 141

Merit: 100

Quote from: nwfella on July 10, 2014, 01:23:07 PM

All I can say is just wow. Talk about a retarded thing for me to invest in.

Well we don't know. If the expenses are for sensible things that grow the business, then maybe its a positive. They owe it to their shareholders to explain their business though.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Very interesting.

Report Summary:
167.0421581 BTC in Revenues
165.03646538 BTC in Operating Expenses
------------------
2.00566043 BTC Profit

All I can say is just wow. Talk about a retarded thing for me to invest in.

"Never go full-retard"

Topic: [HAVELOCK] (HIF) Havelock Investments Fund - page 6. (Read 70228 times)