Topic: [HAVELOCK] (HIF) Havelock Investments Fund - page 9. (Read 70071 times)
Not trying to put out negative vibes, but just gonna point out the obvious that any problems with this fund could have big impacts on the site and all the funds listed. I guess by the end of April we'll have a good idea of where Havelock really stands? That's worth 10 bucks in shares.
I know very well that Havelock is neither a casino nor a mining operation. You are a financial services company. It's not possible for your investors to know what the number of funds listed is (who pay a monthly fee!) nor the number of funds in the pipeline unless you disclose this information. A key part of your Prospectus makes clear that growth in a vital part of your plans, and I want to know how the actual results you have experienced in this first quarter compare with the projections you made in the Prospectus.
The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses. I have a good handle on the expenses assuming that the Prospectus projections are accurate. But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose. Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF. Havelock can and should be a best practices model for the funds you manage, especially in the communications department.
I do hope that when the first quarterly report is distributed your investors get this detailed information. We need it to make informed decisions about our investment in HIF. And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock are important. Thank you!
The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses. I have a good handle on the expenses assuming that the Prospectus projections are accurate. But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose. Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF. Havelock can and should be a best practices model for the funds you manage, especially in the communications department.
I do hope that when the first quarterly report is distributed your investors get this detailed information. We need it to make informed decisions about our investment in HIF. And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock are important. Thank you!
+1
I too have found it impossible to make any kind of projections based on the information available. Im also still waiting on the dividend payout. I explicitly asked when the first dividends will be paid, and was answered with
"Hello kuikmaa,
Dividends are paid on a Quarterly basis. The first Full Quarter will be the 1st Quarter of 2014 03/31/2014.
It will also include income from the month of December 2013, which was the First Full month after the issuance of the Fund.
Thank you,
Havelock Investments"
which led me to believe they would be paid out on the 1st, not up to 2 weeks later. Will these dividends include the first 2 weeks of March now? Where is the regulation?
I know very well that Havelock is neither a casino nor a mining operation. You are a financial services company. It's not possible for your investors to know what the number of funds listed is (who pay a monthly fee!) nor the number of funds in the pipeline unless you disclose this information. A key part of your Prospectus makes clear that growth in a vital part of your plans, and I want to know how the actual results you have experienced in this first quarter compare with the projections you made in the Prospectus.
The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses. I have a good handle on the expenses assuming that the Prospectus projections are accurate. But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose. Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF. Havelock can and should be a best practices model for the funds you manage, especially in the communications department.
I do hope that when the first quarterly report is distributed your investors get this detailed information. We need it to make informed decisions about our investment in HIF. And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock are important. Thank you!
The whole reason I bring this up is that I tried to develop a spreadsheet model of your revenues and expenses. I have a good handle on the expenses assuming that the Prospectus projections are accurate. But I simply can't generate any monthly (or quarterly) revenue projections because they depend on information that Havelock is yet to publicly disclose. Come on --this is a whole week after Q1 ended, and if several of your existing funds issue monthly reports--including HMF--then so can HIF. Havelock can and should be a best practices model for the funds you manage, especially in the communications department.
I do hope that when the first quarterly report is distributed your investors get this detailed information. We need it to make informed decisions about our investment in HIF. And since we trade much more frequently than quarterly, I believe that monthly updates from Havelock are important. Thank you!
The HIF Fund P&L is based on revenue streams detailed in our prospectus. Anyone can see how many funds we have and how much volume they have. Our fees are public information. This is our first full quarter which just ended 3/31. We do appreciate your support, however we are not a casino or a mining operation. Thank you.
Is NEOBBQ paying fees now that it's trading again, or are you lettin' it slide?
The HIF Fund P&L is based on revenue streams detailed in our prospectus. Anyone can see how many funds we have and how much volume they have. Our fees are public information. This is our first full quarter which just ended 3/31. We do appreciate your support, however we are not a casino or a mining operation. Thank you.
Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.
Yeah, just like their IPO, right?
Several of the funds listed on the Havelock website publish reports/updates on a monthly basis, such as CBTC, HMF, and KCIM. BDD reports daily! I commend their managements for their professionalism. I think that it's important for the company to issue monthly reports for the Havelock Investments Fund, just as they already do for their Havelock Mining Fund. It's now been almost 6 months since the first listing of the fund back in November 2013. They indicate that they will issue their first report presumably 10 business days from 3/31, which would be April 14. Why this news blackout?
I am investor in HIF. If the fund has nothing to report on a monthly basis that suggests to me that what news there is, is probably bad for investors. The fund's success depends on some basic metrics such as the # of funds, trading volume, monthly fees charged to funds, and # of new funds in the pipeline. These are all listed and explained in the Prospectus. The monthly reports I want should update this data on a monthly basis. It's not that hard to do. If the actual results are not as favorable as the assumed results mentioned in the Prospectus, the sooner I know about any gap the better. Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.
I won't be making any additional investments in HIF until a clear and timely communication policy is formulated, communicated to investors, and actually implemented consistently (monthly at least). We DO have a right to know!
I am investor in HIF. If the fund has nothing to report on a monthly basis that suggests to me that what news there is, is probably bad for investors. The fund's success depends on some basic metrics such as the # of funds, trading volume, monthly fees charged to funds, and # of new funds in the pipeline. These are all listed and explained in the Prospectus. The monthly reports I want should update this data on a monthly basis. It's not that hard to do. If the actual results are not as favorable as the assumed results mentioned in the Prospectus, the sooner I know about any gap the better. Havelock should set the standard for communicating to its investors proactively, and not be one of the worst funds in terms of disclosure.
I won't be making any additional investments in HIF until a clear and timely communication policy is formulated, communicated to investors, and actually implemented consistently (monthly at least). We DO have a right to know!
The first Quarter ends Today 03/31/2014.
A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.
Thank you,
Havelock Investments
A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.
Thank you,
Havelock Investments
Roger thanks for the heads up
Great. Thanks for the quick reply and good service.
The first Quarter ends Today 03/31/2014.
A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.
Thank you,
Havelock Investments
A Financial Report will be released within 10 business days reflecting the P&L of the past quarter.
Thank you,
Havelock Investments
Whats up with the HIF dividends? Shouldnt they be paid soonish? I can't see any announcement on them so far...
Havelock's as solid as a Panamanian bitcoin exchange.
+1 would def. trade again!
(do COG and NEOBEE still pay fees?)
+1 would def. trade again!
(do COG and NEOBEE still pay fees?)
Man this thread is quite dead, anyways any plans on a report anytime soon ?
Fair enough point last HIF was 2013-11-19 think its quarterly dividends
Soonish...
31/03/2014
Man this thread is quite dead, anyways any plans on a report anytime soon ?
Fair enough point last HIF was 2013-11-19 think its quarterly dividends
Man this thread is quite dead, anyways any plans on a report anytime soon ?
You are right. I was wrong to state that they were a registered exchange.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
There are very few obligations on registered private investment firms because only investment professionals and the super-rich are allowed to invest. I would love for them to clarify, I've been trying to get them to for nearly a week, but their answers are extremely evasive. As of today they claimed I was talking to a customer service rep, and from now on they'll give me answers from legal. We'll see how that goes. I wouldn't harass them so much if it weren't for the fact that they claim to be compliant. Most of the investments here are pretty shady and clearly unlawful, and if consenting adults want to take the risk with their money, they should be able to, but Havelock has put a ton of effort into appearing to comply with the law. That seems less like a free market and more like fraud to me.
thx for the investigation btw.
cant wait for more precision from Havelock
...
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
They can. They won't. In the land of the blind, the guy who claims to have one eye is king.
You are right. I was wrong to state that they were a registered exchange.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
There are very few obligations on registered private investment firms because only investment professionals and the super-rich are allowed to invest. I would love for them to clarify, I've been trying to get them to for nearly a week, but their answers are extremely evasive. As of today they claimed I was talking to a customer service rep, and from now on they'll give me answers from legal. We'll see how that goes. I wouldn't harass them so much if it weren't for the fact that they claim to be compliant. Most of the investments here are pretty shady and clearly unlawful, and if consenting adults want to take the risk with their money, they should be able to, but Havelock has put a ton of effort into appearing to comply with the law. That seems less like a free market and more like fraud to me.
You are right. I was wrong to state that they were a registered exchange.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
They are however a registered investment firm which has to count for something.
Maybe havelock can clarify the legality of running a btc denominated security exchange under the panama fund.
Does the Panama Fund have a company address/registration #?
Yes. Panama fund has been a registered exchange in panama since 2006 if I remember correctly.
The Panama Fund was formed in March of 2008, and it has never been registered as an exchange in Panama with either the SMV or its predecessor. It is beyond me how you can remember two very specific things that simply did not happen.
"The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins. "
Oh, well, if their website says it, it must be true! Nobody can lie on the internet! Except, apparently, Panama's SMV, which doesn't list them as one of the precisely two registered exchanges http://www.conaval.gob.pa/files/informacion_al_inversionista/InfoMer_Org_Auto.pdf. That also explains your made-up date.
http://www.supervalores.gob.pa/files/Sociedades/Sociedades_Inversion_Privada_DRA.pdf
Date was not made up but incorrectly remembered. (Hence the iirc)
It is made up, because that's not when they registered as an exchange, that's when they registered as a private investment company. Whats a private investment company? I believe Article 134 of Panama's Law Decree 1 of 1999 has the answer http://www.legalinfo-panama.com/legislacion/comercial/dl11999.pdf:
Quote
Artículo 134: Definición
Se considerarán sociedades de inversión privadas aquellas sociedades de inversion administradas en la República de Panamá o desde ésta, cuyas cuotas de participación no sean ofrecidas en la República de Panamá y cuyo pacto social, instrumento de fideicomiso o documento constitutivo contenga una de las siguientes disposiciones:
(1) Una disposición que limite la cantidad de propietarios efectivos de sus cuotas de participación a cincuenta, o que obligue a que las ofertas se hagan mediante comunicación privada y no a través de medios públicos de comunicación.
(2) Una disposición que establezca que sus cuotas de participación sólo se podrán ofrecer a inversionistas calificados en montos mínimos de inversión inicial de cien mil Balboas (B/.100,000).
Inversionistas calificados son, para los propósitos de este artículo, aquellas personas naturales o jurídicas (A) cuyo giro ordinario de negocios incluye la negociación, ya sea por cuenta propia o cuenta de terceros, de valores o bienes del tipo que conforma la cartera de inversiones de la sociedad de inversión privada o una parte significativa de ésta o (B) que han firmado una declaración en el sentido de que tienen, ya sea individualmente o en conjunto con su cónyuge, un patrimonio no inferior a un millón de Balboas (B/.1,000,000) y consienten que se les trate como un inversionista calificado. Las sociedades de inversión privadas no serán consideradas sociedades de inversion registradas y no estarán sujetas a las disposiciones del Capitulo II de este Título
Se considerarán sociedades de inversión privadas aquellas sociedades de inversion administradas en la República de Panamá o desde ésta, cuyas cuotas de participación no sean ofrecidas en la República de Panamá y cuyo pacto social, instrumento de fideicomiso o documento constitutivo contenga una de las siguientes disposiciones:
(1) Una disposición que limite la cantidad de propietarios efectivos de sus cuotas de participación a cincuenta, o que obligue a que las ofertas se hagan mediante comunicación privada y no a través de medios públicos de comunicación.
(2) Una disposición que establezca que sus cuotas de participación sólo se podrán ofrecer a inversionistas calificados en montos mínimos de inversión inicial de cien mil Balboas (B/.100,000).
Inversionistas calificados son, para los propósitos de este artículo, aquellas personas naturales o jurídicas (A) cuyo giro ordinario de negocios incluye la negociación, ya sea por cuenta propia o cuenta de terceros, de valores o bienes del tipo que conforma la cartera de inversiones de la sociedad de inversión privada o una parte significativa de ésta o (B) que han firmado una declaración en el sentido de que tienen, ya sea individualmente o en conjunto con su cónyuge, un patrimonio no inferior a un millón de Balboas (B/.1,000,000) y consienten que se les trate como un inversionista calificado. Las sociedades de inversión privadas no serán consideradas sociedades de inversion registradas y no estarán sujetas a las disposiciones del Capitulo II de este Título
For those with a little less experience with Panamanian legalese, or Spanish altogether, this says that a private investment company, by definition, must 1) limited the number of beneficial owners of its shares to fifty or prohibit public offers of interest, and 2) all non-accredited beneficial owners must invest at least $100,000 in value each.
Doesn't sound much like an exchange to me.
Edit: Changed a "the" to "they".
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