Topic: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread - page 14. (Read 35939 times)

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Havelock Investments has worked together with MintSpare to bring this offering forward and has verified the identity of the directors of the MintSpare company.

Thank you,

Havelock Investments

On the flip side, it's a service I would use.

Where will this service operate? The US?

Can Havelock confirm this bit? Did Havelock verify any of the information? What information was provided? Will the same information be provided to board members and/or shareholders?

Reserved.

Looks interesting

LOL< another stock that can be delisted at any time.. No thanks, I lost all my interest after the VTX fiasco.

Reserved.

Questions & Answers

When are you launching?
Our expected launch date for our Beta is February 1st, 2014. Our expected launch date for official release is March 1st, 2014.

Is your location in Miami open for visit?
We would gladly accommodate private tours of our facility/warehouse at our location in Miami, FL.

Company name: MintSpare Inc.
Parent company name: Virtual Holding Capital Ltd
Company website: MintSpare.com
Ticker symbol: MS
Bitcoin exchange: Havelockinvestments.com
Founder and CEO: Galfry Puechavy
IPO date: January 9th, 2014, 1PM EST

Overview
MintSpare provides its customers with a unique and comprehensive electronic purchasing and trade-in service in return for the digital crypto-currency Bitcoin. Motivation for our product comes from the fact that consumers purchase millions of electronic devices such as smart phones, tablets, laptops, and DSLR cameras to either replace their obsolete equipment or simply because they desire to have the latest versions. MintSpare provides an avenue for these consumers to receive Bitcoins for their dated equipment at a fair market value. To use MintSpare, customers simply provide basic information about their electronic devices and are provided with a Bitcoin compensation amount and a shipping label. MintSpare promptly processes all devices received and does required repairs before selling them via various online marketplaces. Besides providing a trade-in process that offers customers a fast and profitable way to earn Bitcoin for their unwanted electronic devices, MintSpare also has a complementary and environmentally friendly recycling service for customers’ electronic devices. MintSpare’s offices and shipping/receiving center are located in Miami, FL, USA and serves customers within the United States and plans to serve international customers in the near future.

Company Structure
MintSpare will list exclusively on Havelock Investments, releasing 100,000 units at 0.005 BTC per unit, representing 20% of the company.

Units offered: 100,000
Units privately held: 400,000
Total units: 500,000
Initial offering price: 0.005 BTC
Total BTC to be raised: 500 BTC
Total company valuation: 2500 BTC

Each share represents 1/500,000th of the total profits of MintSpare.

If at minimum 50,000 units aren’t sold within 6 weeks of release, the IPO will be cancelled and all Bitcoins returned to their respective owners minus transaction fees.

If necessary, 100,000 additional units may be sold at the 30-day weighted average starting July 1st, 2014.

Virtual Holding Capital Ltd
Virtual Holding Capital Ltd consists of a company legally separated from MintSpare Inc. It is located in the country of St. Lucia. The purpose of this company is to be the legal holder of all MintSpare units.

An expert team of lawyers based in the Netherlands has aided MintSpare with the legal procedure of creating such a company.
Initial Fund Allocation
350 BTC of the initial funds will be kept in our bitcoin reserve, used to pay for trade-in electronics. The other 125 BTC will be used for funding on initial costs, ongoing costs, and future expansions. The final 25 BTC will go towards paying Havelock’s management fee of 5%.

Dividends
Each MS unit is entitled to no less than 70% of profits in dividend payouts. The remaining profits will be reinvested into MintSpare. MintSpare reserves the right to lower these dividend payouts to less than 70% if it is the best interest of shareholders. If this occurs, an announcement will be made.

Accelerated Dividend Plan
All public MintSpare units will receive twice their normal dividend rates until a total of 0.005 bitcoins per share has been paid. Then dividend payouts will proceed as normal.

Voting Rights
MintSpare shareholders do not have explicit voting rights.

Board Member Status
A board member is required to have at least 20,000 units. All board members will be able to help make decisions on voting for future expansions. Board members will not be provided advanced knowledge on whether the plans themselves were or will be put into effect, as well as release dates for any plans. This information will instead be provided through public announcements.

Forced Buyback
MintSpare reserves the right to buy back any or all outstanding units of MintSpare Inc. on Havelock Investments. If MintSpare Inc. is sold to a third party, shareholders will be compensated based on the current market price at minimum. MintSpare may not execute this right before January 1st,  2016.

Reserved Rights
MintSpare reserves the right to make any changes to this contract that represent the best interests of its shareholders.

Issuer Info
MintSpare has provided identity information to Havelock Investments as a sign of good faith, and as a means of contact.

Links
Website: www.mintspare.com
Havelock IPO: https://www.havelockinvestments.com/fund.php?symbol=MS
IPO Prospectus Paper: https://www.mintspare.com/products/MintSpare%20Prospectus.pdf

Disclaimer - Liability and Guarantees
The issuer makes no guarantee, either explicit or implied, as to the suitability or fitness for purpose of MS for any investment goal or for the needs of any specific individual. By participating in this listing, buyers of MS units assert and agree that in no event will the issuer or any person or entity involved in the operation of the company be liable for any damages, including, without limitation, direct, indirect, incidental, special, consequential or punitive damages arising out of the buyer's participation in the listing.
Section headings used in this document are for convenience only and shall not be given any legal import. Individuals considering participating in this listing should ensure they are familiar with and fully accept the terms of service of the exchange itself; this listing is available solely through the exchange and should not in any way be construed as a direct offer or solicitation from the issuer to potential participants.
MintSpare is making no guarantee of future performance of MS bitcoin unit value or the value of Bitcoin in general as compared to any other currency, security or commodity. The investor understands that MintSpare and the exchange operations are in bitcoin only and bitcoin is in an undefined regulatory environment. Bitcoin companies, funds and units might carry greater investment risk than other types of investment funds. The investor must conduct his or her own research before investing.