[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 17.

decdec

newbie

Activity: 12

Merit: 0

Quote from: Puppet on August 26, 2014, 05:23:50 AM

You guys are so predictable. Someone launches a mining asset that clearly can not yield a long term profit if it does what is described in the prospectus. Expose that and you get labeled a paid shill/troll/whatever.

Once it becomes clear it will indeed not produce that profit, even though the asset issuer has done exactly as promised in the prospectus (okay, except for the p2pool vote), they get labeled as scammer.

Cryptx didnt scam you. He provided what he promised. And what I predicted. If you lost money on this, you only have yourself to blame for it.

while i didnt get clipped on this thankfully, its a bit of a stretch to say what has happened here is legitimate, and playing down the p2pool situation which basically incited the collapse is pretty weak also.

but i do agree with numbers never looked good.

stompysteve

hero member

Activity: 574

Merit: 500

Kinda looks like ghash had pretty unlucky day on finding blocks yesterday, should be higher divs today

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: Puppet on August 26, 2014, 05:23:50 AM

You guys are so predictable. Someone launches a mining asset that clearly can not yield a long term profit if it does what is described in the prospectus. Expose that and you get labeled a paid shill/troll/whatever.

Once it becomes clear it will indeed not produce that profit, even though the asset issuer has done exactly as promised in the prospectus (okay, except for the p2pool vote), they get labeled as scammer.

Cryptx didnt scam you. He provided what he promised. And what I predicted. If you lost money on this, you only have yourself to blame for it.

Good job and nicely said!

ChefBorjan

full member

Activity: 148

Merit: 100

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

dexu

full member

Activity: 155

Merit: 100

You're right.
Pour him

NotLambchop

sr. member

Activity: 378

Merit: 254

Puppet

legendary

Activity: 980

Merit: 1040

You guys are so predictable. Someone launches a mining asset that clearly can not yield a long term profit if it does what is described in the prospectus. Expose that and you get labeled a paid shill/troll/whatever.

Once it becomes clear it will indeed not produce that profit, even though the asset issuer has done exactly as promised in the prospectus (okay, except for the p2pool vote), they get labeled as scammer.

Cryptx didnt scam you. He provided what he promised. And what I predicted. If you lost money on this, you only have yourself to blame for it.

decdec

newbie

Activity: 12

Merit: 0

and yet another successful havelock scam runs down to completion.

dexu

full member

Activity: 155

Merit: 100

Because I did not smoke Wink

I stopped investing in PETA some time ago, lost about 30% of own contribution.

2014-08-25 14:28:21 80000/80000 ฿0.00051003 ฿40.8024 <- that's mega lol !

I'm surprised of people who still buy it.

jjdub7

hero member

Activity: 938

Merit: 502

Quote from: dexu on August 25, 2014, 08:30:02 AM

Continuation of sales in progress ..

The question is buy cheap .. or blow off?

Quote from: Puppet on August 25, 2014, 07:02:03 AM

Divs are in. Enjoy you bagholders

Code:

2014-08-25	2014-08-25	0.00000221
2014-08-24	2014-08-24	0.00000421
2014-08-23	2014-08-23	0.00000545
2014-08-22	2014-08-22	0.00000948

Buy? What have you been smoking? You'd have been better off buying Argentinean govt debt from the start. The scale to which people overvalue these mining offerings is obscene.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: pumawolf on August 26, 2014, 01:11:06 AM

wow, 3 dog shit divdends in a row, im pissed and i dont even have any shares. shits dying earlier than i thought. does any one have a rough estimate on how much cryptx profited thr peta.

If I where to give a really rough estimate I think I would probably go with:

Well over a fuck-load and just under a shit-ton I'd say!

pumawolf

sr. member

Activity: 968

Merit: 250

wow, 3 dog shit divdends in a row, im pissed and i dont even have any shares. shits dying earlier than i thought. does any one have a rough estimate on how much cryptx profited thr peta.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: fonsie on August 25, 2014, 12:27:30 PM

Quote from: Puppet on August 25, 2014, 08:54:30 AM

Quote from: dexu on August 25, 2014, 08:30:02 AM

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

Quote

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

I think he will let people vote, to let the mine run, and that the remaining shareholders just have to send some BTC to cover the hosting fees... and by wonders unknown to mankind, 90% will vote in favor...

Grin

lmao. now that's funny. Maybe if we only secure say 75% this time CryptX will actually follow through with shareholders wishes?! Personally I seriously doubt CryptX will be doing anything anytime soon to the benefit of his shareholders.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: Puppet on August 25, 2014, 08:54:30 AM

Quote from: dexu on August 25, 2014, 08:30:02 AM

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

Quote

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

I think he will let people vote, to let the mine run, and that the remaining shareholders just have to send some BTC to cover the hosting fees... and by wonders unknown to mankind, 90% will vote in favor...

Grin

Netwerked

newbie

Activity: 55

Merit: 0

Quote from: dexu on August 25, 2014, 09:15:26 AM

I wonder what they will do with our BTC after project closure ..

At project closure, the share price will be close to zero. The mining equipment is no longer producing any dividends, and share price is strongly tied to the strength of dividends.

Share price will not be zero, because the company can still sell the mining equipment for a low price. The company will probably give remaining shareholders a small one time dividend for the sale of the mining equipment.

After the final dividend, the share price will effectively be zero, since nobody would want to buy any more shares.

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: stompysteve on August 19, 2014, 11:12:44 PM

Quote from: webbrowser on August 19, 2014, 04:42:28 AM

Quote from: JRBeagle on August 19, 2014, 03:25:35 AM

So are they really gonna just let it die?I would think they would be forced to do something soon or liquidate and pay out a one time big dividend

You seem to be under the impression that this is not going the way cryptx planned, and that the purpose of the project is not to extract the maximum amount of hosting fees.

This situation was already foreseen in the prospectus - see the section under dissolution.

However, it's pretty doubtful that there will be any value left in the assets at that point in time.

the prospectus is still pretty vague on whats going to happen

what do you think the hardware would be worth once they cant pay their power bill, thats alot of hardware to dump all at once
~1150 x used 1TH miners .6 BTC
0.00060000626 for the final div per share

share price right now = 1.20BTC/TH

getting closer to what the shares are worth if the hardware was sold right now

dexu

full member

Activity: 155

Merit: 100

I wonder what they will do with our BTC after project closure ..

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: dexu on August 25, 2014, 08:30:02 AM

Continuation of sales in progress ..

Its called a rally.
At least in this thread :p.

Quote

The question is buy cheap .. or blow off?

Define cheap.

Thing is, dividends are all but irrelevant at this point. It will amount to almost nothing from here to eternity. But cryptx still owns hardware thats worth something. Question is, will he hang on to it, lowering his fees if need be, until its worth virtually nothing or will he close this security and sell his mine in the next month or so? Buying at pretty much any price IMO is a bet that PETA mine will close fairly soon, and that he will manage to actually sell his hardware, which may be tougher than for most, considering his burnt reputation by sending broken hardware.

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: Puppet on August 25, 2014, 07:02:03 AM

Divs are in. Enjoy you bagholders

Code:

2014-08-25	2014-08-25	0.00000221
2014-08-24	2014-08-24	0.00000421
2014-08-23	2014-08-23	0.00000545
2014-08-22	2014-08-22	0.00000948

Reminds me of the Labcoin fallout near the end. This is painful to watch unfold, some of the investors are well on their way to 100% loss.

dexu

full member

Activity: 155

Merit: 100

Continuation of sales in progress ..

The question is buy cheap .. or blow off?

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 17. (Read 565897 times)