[HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread - page 4.

NotLambchop

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@Havelock: Don't do this:

Quote from: NotLambchop on May 09, 2014, 09:48:59 AM

Quote from: havelock on April 29, 2014, 12:22:42 PM

We have been working with Mintspare closely during the past few months and they have a bright future ahead of them. They should and will start to post and respond to requests on this forum.

We do hold the Bitcoins raised during their offering in escrow and only distribute those funds as needed.

Quote from: havelock on April 29, 2014, 01:05:25 PM

...We are in constant contact with them to make sure the company is active and making progress.

Hi Havelock. Could you update teh shareholders on MS' progress? Are you still in contact with Mr. MintSpare?

*MS is currently trading @ 1/10th of the issue price. Isn't it time to pull the plug, or at least add that "Q" suffix?

RiverBoatBTC

full member

Activity: 224

Merit: 100

Does Havelock link wallets that hold escrow? I would like to see all the wallets in which havelock is holding escrow. Every IPO they escrow should have the escrow address listed so that the share holders know that havelock is not taking advantage of having a extra 100 btc.

AcoinL.L.C

legendary

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Quote from: NotLambchop on June 08, 2014, 07:00:07 AM

@Havelock: Any plans of distributing the remaining 100 BTC among MS shareholders?

If they dont im never using havelock again. This security started out with a good idea, operator is a complete dumbfuck who pays himself a salary that is equivalent to the entire revenue. I might buy some shares, would be a nice 3x cash

statdude

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NotLambchop

sr. member

Activity: 378

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@Havelock: Any plans of distributing the remaining 100 BTC among MS shareholders?

MrWDunne

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Merit: 250

Quote from: AcoinL.L.C on June 07, 2014, 05:08:26 PM

Buying it actually doesn't seem to terrible at its current price. Havelock is retaining 100BTC in funds they raised, yet their current price has a market cap of 33BTC. If Havelock distributes the funds back to shareholders (As it should: This is clearly a scam listing) would 3x investment. Havelock said earlier on this thread they don't plan on releasing the funds to MS.

He is talking about if you buy shares now, not if you bought at IPO

malevolent

legendary

Activity: 3472

Merit: 1724

Quote from: cesmak on June 08, 2014, 02:23:10 AM

But if you do some math 100BTC / 62164 shares = 0,001608BTC per share, no divs from the starting ipo, and the starting ipo was at 0,003BTC

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

It was ฿0.00500000

Quote from: cesmak on June 08, 2014, 02:23:10 AM

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

The shares are already down almost 90% since the IPO, do you think it can get any better with the high costs they have, and with the little revenue that their "company" brings in?

cesmak

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Quote from: AcoinL.L.C on June 07, 2014, 05:08:26 PM

Buying it actually doesn't seem to terrible at its current price. Havelock is retaining 100BTC in funds they raised, yet their current price has a market cap of 33BTC. If Havelock distributes the funds back to shareholders (As it should: This is clearly a scam listing) would 3x investment. Havelock said earlier on this thread they don't plan on releasing the funds to MS.

But if you do some math 100BTC / 62164 shares = 0,001608BTC per share, no divs from the starting ipo, and the starting ipo was at 0,003BTC

so for the early adopters of this company (ipo buyers) if havelock will liquidate those 100BTC and close the asset, it will be a 50% loose, not a good deal....

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Buying it actually doesn't seem to terrible at its current price. Havelock is retaining 100BTC in funds they raised, yet their current price has a market cap of 33BTC. If Havelock distributes the funds back to shareholders (As it should: This is clearly a scam listing) would 3x investment. Havelock said earlier on this thread they don't plan on releasing the funds to MS.

adameb

member

Activity: 76

Merit: 10

Quote from: AcoinL.L.C on May 24, 2014, 01:47:50 AM

What employees are costing 14 BTC per month? Are you paying yourself this? $7,000 a month is ridiculous. Your business should have 1 employee currently. You. You only had 14 BTC in revenue! If 1 employee can't handle $7,000 worth of merchandise per month, that business won't stay open very long.

You shouldn't be accepting any pay until your business is profitable. Its a money drain right now. If you try to BS about the cost of the site, your site isn't even functioning when viewed from my laptop, and you could have a website built for ~$500 that works perfectly.

Terrible company, would stay very far away from

No reply on those employee salary profiles eh?

This is a business that could comfortably run out of a garage in one guys spare time. Instead $7000 a month in salary, another 4 grand in rent & "other", like paying himself to use his own car, all on shareholder dime. It's unbelievable people keep buying into this shit.

RIP Mintspare, Sept 2014.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: AcoinL.L.C on June 06, 2014, 12:08:48 PM

Quote from: NotLambchop on June 06, 2014, 08:34:31 AM

--Daddy, what's penny stock?
--Well Snoodles, it looks like this:

Market cap: 32.79 BTC

IPO price: 0.05 BTC

Market price: 0.005 BTC

Total buys: < 0.5 BTC

-- Daddy whats a scam exchange?
-- Well Snoodles, it looks like this:
http://www.mpex.co/
Claiming an average of 751.7 BTC volume per day on their OWN offering. Find that hard to believe Grin

...

Many things are hard to believe, though not all of them are related to Mintspare (MS) Bitcoin Electronic Trade-in Service.
Non sequitur, clever as they are, have no place in this supa srs bznz thread.
ty

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: NotLambchop on June 06, 2014, 08:34:31 AM

--Daddy, what's penny stock?
--Well Snoodles, it looks like this:

Market cap: 32.79 BTC

IPO price: 0.05 BTC

Market price: 0.005 BTC

Total buys: < 0.5 BTC

-- Daddy whats a scam exchange?
-- Well Snoodles, it looks like this:
http://www.mpex.co/
Claiming an average of 751.7 BTC volume per day on their OWN offering. Find that hard to believe Grin

Back on topic:

MS should do its investors a favor and close down operations. Currently there are more BTC in holdings than the current price of MS reflects, by quite a bit. With the amount of BTC your draining in expenses that are not in the best interests of investors (You should not be paying any salary: You need to be working for free until investors see a return), do everyone a favor and close down. You said there was what, 200 BTC in holdings? Thats over 6x the current market cap.

Prove you are legit and close. If you keep running your business havelock should restrict trading and issue the 100BTC they are holding back to stock holders

NotLambchop

sr. member

Activity: 378

Merit: 254

--Daddy, what's penny stock?
--Well Snoodles, it looks like this:

Market cap: 32.79 BTC

IPO price: 0.05 BTC

Market price: 0.005 BTC

Total buys: < 0.5 BTC

MintSpare

newbie

Activity: 34

Merit: 0

@stan

Sorry about that, we had to switch servers and a small amount of orders were somehow temporarily lost. If anyone has any problems with orders feel free to contact me directly at [email protected] with your order ID.

Mintspare's 3 month financial report should be out by the end of the week.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: MintSpare on May 12, 2014, 02:52:07 PM

We will release financial reports on a quarterly basis (instead of a previously mentioned monthly basis). This allows us to dedicate more time to growing Mintspare. March, April, and May statistics will be released during the first week of June. (Next report will be July, August, September, etc.)

Just making a general note so that I remember to check this thread next week when June begins to get a better feel for this asset and how it has performed over the period.

As with the above also curious how the projection will be revised and how many people use the service
@ Stan good luck

stan258

sr. member

Activity: 440

Merit: 250

ok So my order that was recieved on the 12 has been paid now I am going to try and withdraw btc. wish me luck

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: NotLambchop on April 24, 2014, 01:48:36 PM

Oh Jesus, don't tell me this guy ain't 100% legit!

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

What employees are costing 14 BTC per month? Are you paying yourself this? $7,000 a month is ridiculous. Your business should have 1 employee currently. You. You only had 14 BTC in revenue! If 1 employee can't handle $7,000 worth of merchandise per month, that business won't stay open very long.

You shouldn't be accepting any pay until your business is profitable. Its a money drain right now. If you try to BS about the cost of the site, your site isn't even functioning when viewed from my laptop, and you could have a website built for ~$500 that works perfectly.

Terrible company, would stay very far away from

stan258

sr. member

Activity: 440

Merit: 250

they don't pay out order 2169 received on the 12th still pending. Stay away from this junk.

NanoAkron

sr. member

Activity: 252

Merit: 250

Quote from: havelock on May 14, 2014, 07:35:33 AM

If and when Bitcoin makes a "comeback" in price

$440/BTC is a pretty damned good price. Businesses don't stop trading because their currency might be worth more/less/the same in the future.

Topic: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread - page 4. (Read 35954 times)