[Havelock] The Panama Fund, S.A. Acquires HavelockInvestments.com - page 3.

stslimited

hero member

Activity: 546

Merit: 500

Quote from: crumbs on November 01, 2013, 09:01:11 PM

Quote from: stslimited on November 01, 2013, 08:53:48 PM

...funds don't need to cater to the information age....

hedge funds are pretty notorious for not having a website or even as much as a phone number... it simply isn't required for the service they provide, and in the United States they were prohibited from talking to peons until like a month ago. these 80 year old prohibitions on free speech influenced the industry world wide...

wat

SEC ban on general solicitation is being relaxed, funds could only talk to accredited investors ie. not poor people or the general middle class.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: crumbs on November 01, 2013, 08:41:44 PM

Quote from: radiumsoup on November 01, 2013, 08:32:22 PM

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

I think it definitely does create a different legal footing because it may be legal to sell unregistered securities in panama as a licensed exchange for all we know and for the US to go against that would never happen. The problem is unlicensed exchanges having literally no legal backing which is why they are so vulnerable. If this exchange can operate completely compliant of panamas security laws that would be huge for bitcoin/bitcoin securities.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Crumbs, if this turns out to be legit and ActiveMining becomes legit by going through whatever legal securities process HackLock have, what would you do? I know its unlikely those two things happen but if they did I wonder how you would respond...

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: chriswilmer on November 01, 2013, 08:46:33 PM

Quote from: crumbs on November 01, 2013, 08:41:44 PM

Quote from: radiumsoup on November 01, 2013, 08:32:22 PM

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

If the servers were actually in Panama, that would be another story...

And where are the servers located?

crumbs

full member

Activity: 210

Merit: 100

Quote from: stslimited on November 01, 2013, 08:53:48 PM

...funds don't need to cater to the information age....

hedge funds are pretty notorious for not having a website or even as much as a phone number... it simply isn't required for the service they provide, and in the United States they were prohibited from talking to peons until like a month ago. these 80 year old prohibitions on free speech influenced the industry world wide...

wat

stslimited

hero member

Activity: 546

Merit: 500

Quote from: chriswilmer on November 01, 2013, 08:26:52 PM

Quote from: stslimited on November 01, 2013, 08:25:41 PM

Quote from: crumbs on November 01, 2013, 08:21:41 PM

Quote from: stslimited on November 01, 2013, 07:52:13 PM

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this? http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"? What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

I'm with crumbs on this... there has to be some more information on this Panama Fund thing. Google is failing me right now...

funds don't need to cater to the information age....

hedge funds are pretty notorious for not having a website or even as much as a phone number... it simply isn't required for the service they provide, and in the United States they were prohibited from talking to peons until like a month ago. these 80 year old prohibitions on free speech influenced the industry world wide

there are likely related entities in the fund that handle all the PR and marketing for other purposes, but is unrelated to acquiring other entities or the investing portion

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: crumbs on November 01, 2013, 08:41:44 PM

Quote from: radiumsoup on November 01, 2013, 08:32:22 PM

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

If the servers were actually in Panama, that would be another story...

crumbs

full member

Activity: 210

Merit: 100

Quote from: radiumsoup on November 01, 2013, 08:32:22 PM

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

Yeah, i'm with you on that, but suggesting that this shell game makes the new entity "licensed" or on different legal footing when it comes to dealing with US customers is simply bull.

crumbs

full member

Activity: 210

Merit: 100

Quote from: stslimited on November 01, 2013, 08:25:41 PM

Quote from: crumbs on November 01, 2013, 08:21:41 PM

Quote from: stslimited on November 01, 2013, 07:52:13 PM

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this? http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"? What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

"Through many layers of entities," RLY? Is this legalese for "don't ask questions i don't have answers to"?
Come on, that's just empty verbiage meaning absolutely zilch. Unregistered securities are just that -- no matter how you repackage them.

Nothing new here, all been trash-picked many times over.

Casino Gambling Guy

member

Activity: 63

Merit: 10

What does this mean for coin holders that are new to the game?

radiumsoup

sr. member

Activity: 356

Merit: 255

there's a really simple explanation that seems reasonable to me.

If I wanted to shift jurisdictions, I'd buy an established shelf company in the jurisdiction I want to move to, then have that shelf company "buy" the ownership shares from whatever entity owns it now.

It's very likely that's all they're doing - just moving the corporate entity to Panama for legal/tax reasons.

bobdude17

sr. member

Activity: 454

Merit: 250

Hmm does this have something to do with the CFIG( Crypto Financial Investment Group)?

Great news!

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: stslimited on November 01, 2013, 08:25:41 PM

Quote from: crumbs on November 01, 2013, 08:21:41 PM

Quote from: stslimited on November 01, 2013, 07:52:13 PM

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this? http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"? What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

I'm with crumbs on this... there has to be some more information on this Panama Fund thing. Google is failing me right now...

stslimited

hero member

Activity: 546

Merit: 500

Quote from: crumbs on November 01, 2013, 08:21:41 PM

Quote from: stslimited on November 01, 2013, 07:52:13 PM

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this? http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"? What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

well, there are a lot of assumptions though
funds are generally able to set up shop in any jurisdiction for whatever purpose, through many layers of entities for acquiring different kinds of property, such as other entities. Subsequently, they may have all the licenses or regulatory concoction to not worry about one country's securities laws.

crumbs

full member

Activity: 210

Merit: 100

Quote from: stslimited on November 01, 2013, 07:52:13 PM

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

Lol, this? http://ohuiginn.net/panama/company/id/227720
How is this silliness a "fully licensed exchange"? What gives it more authority in dealing unregistered securities to US persons than Bitfunder et al?

stslimited

hero member

Activity: 546

Merit: 500

Panama Funding Inc, S.A. is the only "Panama Fund" S.A. registered in Panama

fwiw, file number 227720

papiraul

newbie

Activity: 16

Merit: 0

Congratulations! I guess moving shares to Havelock was a good choice.

ar9

sr. member

Activity: 352

Merit: 250

Quote from: Portnoy on November 01, 2013, 07:02:40 PM

Nice!

I will have to go buy up some more HIM units that got pushed down so low due to the recent uncertainty.

HIM & HIM Mining are two different entities operated by the same people, by the way.
(Please confirm this, OP)

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: crumbs on November 01, 2013, 07:35:41 PM

Who/what is The Panama Fund, S.A?

Yeah, some kind of link or source for more information would be helpful.

crumbs

full member

Activity: 210

Merit: 100

Who/what is The Panama Fund, S.A?

Topic: [Havelock] The Panama Fund, S.A. Acquires HavelockInvestments.com - page 3. (Read 12603 times)