Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 11. (Read 565897 times)

Did you send your emails to [email protected] or just to the general contact or support mailbox?

You have not responded to several messages spanning back a number of months now.
Full mail headers of communication pertaining to our queries been archived. We will make attempts to reach out to you again in the coming days (via telephone and mail) and treat your post here as full acknowledgement of both parties intent.

Feel free to contact us at any time in regards to any of the Funds listed on our site. If you feel that you were mislead by us please provide that information directly to us at [email protected] or pick up the phone and call us. Our number is listed on the contact section of our site.

The latter potentially can be used as leverage going backwards (don't assume parallel construction)
We are more concerned with proving intentional misrepresentation which we see as a fairly easy route to go down with the information available to us today. We can also prove Malfeasance on the part of The Panama Fund, SA having obtained API logs and notarised reports originating from some of the largest stakeholders proving prior statements issued by management there to be demonstrably false.  Although we are less concerned with following them at the moment, such a case  will be time consuming and likely unproductive. Managers of CRYPTX-BVBA (0536896285) knows the relevant procedures going forward.

If you don't mind me asking, what are you going to investigate?  The fact that they broke the law by issuing an unlicensed security?  Or that they have ignored shareholders or both?

Also could you clarify what was a violation of the terms of their IPO?

If you don't mind me asking, what are you going to investigate?  The fact that they broke the law by issuing an unlicensed security?  Or that they have ignored shareholders or both?

Also could you clarify what was a violation of the terms of their IPO?

The two former Poker players behind this outfit will be getting investigated within a week if I see no action taken. I have their information from high profile investors who have communicated with them at conferences.

Rest assured I have contacts who are taking preliminary steps already . This is gross negligence at the bare minimum and a blatant violation of the terms stated prior to IPO.

They've received numerous requests to initiate liquidation of shareholder-owned assets and not responded to a single one.

Dear unit holders,

Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach.

To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future,  PETA will generously  lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever.

Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta.

PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way.

YHBT
Team CryptX

Dear unit holders,

Difficulty has increased a little more than we originally anticipated. Our IPO prospectus foresaw a difficulty of less than 2B by this time. In reality it is a little higher, at 17 times our projection. As a result, we have fallen a bit short of our initial 1BTC per share dividend goal for October. But if bitcoin exchange rate increases by a few orders of magnitude and difficulty declines dramatically over he next decade or two, our initial goal is still within reach.

To maintain the possibility of achieving this goal, PETA mine will continue running for as long as mining revenue exceeds our very low undisclosed hosting costs. But whenever the revenue falls below our publicly announced $0.15/GH/month, as happened yesterday and will happen more and more frequently in the future,  PETA will generously  lend unit holders the difference so that no negative dividends have to be collected. Actual dividends will only resume once this accumulated debt is repaid, which will be increasing unlikely to happen ever.

Looking further ahead, once mining revenue drops below our undisclosed hosting costs, we will auction off the hardware, and will deduct this sum from the outstanding loan, thereby reducing the debt unit holders owe to Peta.

PETA mine has come a long way, and together with Havelock, has been a leader in driving down prices per GH, from ~0.007 BTC per GH at IPO to 0.0003 0.00025 ฿0.00020 BTC today, an impressive 2300 2700 3000% decline in just a few months. We are proud of this achievement and look forward to continuing on this path and set new records along the way.

YHBT
Team CryptX

How much in divs did they pay over the span of being on havelock?

Just so I understand the relationship properly, Cryptx runs the rigs and charges hosting fees for doing so? Is that how they make their money?

Havelock lists the securities and charges fees for trading them.

Do I have these two things correct?