Dear shareholders.
SHA-256 Mine IPO was cancelles as we failed to place Round 1 shares by 18-th of June.
All investmnts were refunded.
We apologize for this situation and hope that our future products will be highly demanded.
Best regards,
cbcm.co team.
Topic: [HAVELOCK]CBCM SHA-256 Mine IPO (cancelled) (Read 10171 times)
Whelp, another Havelock IPO come and gone.
@Havelock: Did you seriously miscalculate the demand for such an offering by such a humungous margin? Or did you try to explain to Mr. CBCM that he will, regardless of Mr. Mencken's words of encouragement, go broke by overestimating the stupidity of the American public?
@Havelock: Did you seriously miscalculate the demand for such an offering by such a humungous margin? Or did you try to explain to Mr. CBCM that he will, regardless of Mr. Mencken's words of encouragement, go broke by overestimating the stupidity of the American public?
...
Havelock Investments provide escrow service for raised funds during first 8 round of IPO. That means that bitcoin will be paid to Spondoolies-Tech directly for the purchase of the equipment.
...
If the IPO will succeed, the funds after each round will be released to cbcm
[6/11/2014 11:03:37 PM] vcorem: You're releasing the funds to CBCM, correctly ?
[6/11/2014 11:03:45 PM] vcorem: After each round ?
[6/11/2014 11:42:43 PM] The Panama Fund - Havelock Investments: yes, once one is done, the next one follows
[6/11/2014 11:43:07 PM] vcorem: ok. Just wanted to make sure I'm not involved
Guess they should have checked with you first lol
...
Havelock Investments provide escrow service for raised funds during first 8 round of IPO. That means that bitcoin will be paid to Spondoolies-Tech directly for the purchase of the equipment.
...
If the IPO will succeed, the funds after each round will be released to cbcm
[6/11/2014 11:03:37 PM] vcorem: You're releasing the funds to CBCM, correctly ?
[6/11/2014 11:03:45 PM] vcorem: After each round ?
[6/11/2014 11:42:43 PM] The Panama Fund - Havelock Investments: yes, once one is done, the next one follows
[6/11/2014 11:43:07 PM] vcorem: ok. Just wanted to make sure I'm not involved
You have changed the terms of the IPO, which stated the original timeframe of June 11th to June 13th for the offering.
Do not mislead people.
Round 1 starts on June,11 and finish on June 18. This period was set long time before we start.
7.38% of shares sold.
I would not argue with him, it makes the information hard to find for investors. Some people do not like to read through all the crap and miss out on important things.
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
it may also be aliens from mars. you are just speculating.
I made it very clear I'm speculating, wasn't clear enough for you when i said "It may be"? So, now my question for you: why did you feelt the need to point this out?
i have needs? news to me.
So you did it because... why?
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
it may also be aliens from mars. you are just speculating.
I made it very clear I'm speculating, wasn't clear enough for you when i said "It may be"? So, now my question for you: why did you feelt the need to point this out?
i have needs? news to me.
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
it may also be aliens from mars. you are just speculating.
I made it very clear I'm speculating, wasn't clear enough for you when i said "It may be"? So, now my question for you: why did you feelt the need to point this out?
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
I think havelock does this for all its funds, I think thats what the HIF fund is for.
Wrong IPO I appoligize.
Quote
2014-06-06 2014-06-09 11:00 2014-06-30 11:00 active 200000 195885 200000
^Not that it matters. This IPO failed. Spectacularly.
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
it may also be aliens from mars. you are just speculating.
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
It may be havelock based on some agreement with OP that purchased most of them to give this IPO a bump. It may be the OP himself that purchased some shares to create the fake volume.
Unbelievable that 15BTC worth of shares have been sold so far
The stupidity of human kind never ceases to amaze me
The stupidity of human kind never ceases to amaze me
You have changed the terms of the IPO, which stated the original timeframe of June 11th to June 13th for the offering.
Do not mislead people.
Round 1 starts on June,11 and finish on June 18. This period was set long time before we start.
You have changed the terms of the IPO, which stated the original timeframe of June 11th to June 13th for the offering. Speaks volumes about the asset issuer; he will adjust to meet his needs over his victims.
Kumala did the same thing to his investors, think you'll have better luck with this guy?
Realize what this asset basically is: Pre-ordering Mining Bonds
Kumala did the same thing to his investors, think you'll have better luck with this guy?
Realize what this asset basically is: Pre-ordering Mining Bonds
Here you go again, I told you I would not comment unless I see something I feel is falsified.
Who are these long term negotiations? We know your relationship with Spondoolies and I know your exact relationship with cowboy. Only reason you even got good in with cowboy is cause of Spodoolies close ties with him.
Who are these long term negotiations? We know your relationship with Spondoolies and I know your exact relationship with cowboy. Only reason you even got good in with cowboy is cause of Spodoolies close ties with him.
@Spondoolies-Tech
@omehenk
Thank you for clearing things out !!
@NotLambchop
Sorry for my wild speculation
@jonsi
IMO, It is ok for management co. to take reasonable initial profit for organizing and starting up IPO (a lot of work it is). Question is only what each person sees as reasonable profit
@cbcm.co
Taras, thank you very much for fair reply! Great integrity with going forward and confirming that part will be to cover costs for starting up IPO and part for profit, respect.
IMO
IPO positives:
+1 SPTech backing (with miners for 1st round and possibly in the future)
+1 Cowboy miners group backing (with hashing power needed)
+1 Havelock integrity (+can buy/sell shares in time)
+1 Well thought through IPO
+1 SPTech & Cowboy group vouching for management team at CBCM
IPO negatives:
-1 Price per share to high for longer term risks shareholders are taking
-1 To small decision power about running this fund for shareholders = increases the risks
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them
-1 Revenue prediction calculated with to low diff increase m/m
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)
Total: Draw for me atm, but I am not to sure if CBCM can deliver successfully all 8 rounds at their target funding without stepping up their efforts here among members and at the same time trying *hard* to get at least one serious small-mid investor on board longer term... probably, wait and see the state of this IPO around June 18th.
Anyway good luck with this IPO Taras!
@omehenk
Thank you for clearing things out !!
@NotLambchop
Sorry for my wild speculation
@jonsi
IMO, It is ok for management co. to take reasonable initial profit for organizing and starting up IPO (a lot of work it is). Question is only what each person sees as reasonable profit
@cbcm.co
Taras, thank you very much for fair reply! Great integrity with going forward and confirming that part will be to cover costs for starting up IPO and part for profit, respect.
IMO
IPO positives:
+1 SPTech backing (with miners for 1st round and possibly in the future)
+1 Cowboy miners group backing (with hashing power needed)
+1 Havelock integrity (+can buy/sell shares in time)
+1 Well thought through IPO
+1 SPTech & Cowboy group vouching for management team at CBCM
IPO negatives:
-1 Price per share to high for longer term risks shareholders are taking
-1 To small decision power about running this fund for shareholders = increases the risks
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them
-1 Revenue prediction calculated with to low diff increase m/m
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)
Total: Draw for me atm, but I am not to sure if CBCM can deliver successfully all 8 rounds at their target funding without stepping up their efforts here among members and at the same time trying *hard* to get at least one serious small-mid investor on board longer term... probably, wait and see the state of this IPO around June 18th.
Anyway good luck with this IPO Taras!
@c2m
Thank you for the analisys and pos/neg.
About negatives:
-1 Price per share to high for longer term risks shareholders are taking
Our price per GHs is lower than most our competitors has. Also we have to cover relatively high intial costs. As soon as costs are lowered we will place aditional GHs per share to make investors profit higher.
-1 To small decision power about running this fund for shareholders = increases the risks
I understand your worries. If we offer another possibility. All changes, that affect more that 10% of assets (hashpower) are to be announced in 2 weeks. During first week after announcement shareholders, who does not argee can initiate voting. If 10%+ of shareholders support voting - than we have to hold this voting. (If you think its acceptable than we write this rule).
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them.
When we annonce adiitional rolling placement we has obligation to confirm how much GHs will be added and when.
-1 Revenue prediction calculated with to low diff increase m/m
We think that average daily diff increase will be 0.5% - 0.6% (in a long term periood).
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)
Unfortunatelly you are right. I'am reader of this forum for a long time, but don't have any posting activity (
About "...to get at least one serious small-mid investor on board longer term... "
This process started before the IPO. At the moment we at different stages of negotiations with couple of such long term runners.
Taras
^Like the most recent SF2 IPO attempt, this one's soon to be just a vaguely embarrassing memory.
Total shares sold: 169 out of 5,000.
Total sold today: 3.
Total shares sold: 169 out of 5,000.
Total sold today: 3.
@Spondoolies-Tech
@omehenk
Thank you for clearing things out !!
@NotLambchop
Sorry for my wild speculation
@jonsi
IMO, It is ok for management co. to take reasonable initial profit for organizing and starting up IPO (a lot of work it is). Question is only what each person sees as reasonable profit
@cbcm.co
Taras, thank you very much for fair reply! Great integrity with going forward and confirming that part will be to cover costs for starting up IPO and part for profit, respect.
IMO
IPO positives:
+1 SPTech backing (with miners for 1st round and possibly in the future)
+1 Cowboy miners group backing (with hashing power needed)
+1 Havelock integrity (+can buy/sell shares in time)
+1 Well thought through IPO
+1 SPTech & Cowboy group vouching for management team at CBCM
IPO negatives:
-1 Price per share to high for longer term risks shareholders are taking
-1 To small decision power about running this fund for shareholders = increases the risks
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them
-1 Revenue prediction calculated with to low diff increase m/m
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)
Total: Draw for me atm, but I am not to sure if CBCM can deliver successfully all 8 rounds at their target funding without stepping up their efforts here among members and at the same time trying *hard* to get at least one serious small-mid investor on board longer term... probably, wait and see the state of this IPO around June 18th.
Anyway good luck with this IPO Taras!
@omehenk
Thank you for clearing things out !!
@NotLambchop
Sorry for my wild speculation
@jonsi
IMO, It is ok for management co. to take reasonable initial profit for organizing and starting up IPO (a lot of work it is). Question is only what each person sees as reasonable profit
@cbcm.co
Taras, thank you very much for fair reply! Great integrity with going forward and confirming that part will be to cover costs for starting up IPO and part for profit, respect.
IMO
IPO positives:
+1 SPTech backing (with miners for 1st round and possibly in the future)
+1 Cowboy miners group backing (with hashing power needed)
+1 Havelock integrity (+can buy/sell shares in time)
+1 Well thought through IPO
+1 SPTech & Cowboy group vouching for management team at CBCM
IPO negatives:
-1 Price per share to high for longer term risks shareholders are taking
-1 To small decision power about running this fund for shareholders = increases the risks
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them
-1 Revenue prediction calculated with to low diff increase m/m
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)
Total: Draw for me atm, but I am not to sure if CBCM can deliver successfully all 8 rounds at their target funding without stepping up their efforts here among members and at the same time trying *hard* to get at least one serious small-mid investor on board longer term... probably, wait and see the state of this IPO around June 18th.
Anyway good luck with this IPO Taras!
It's not ok for them to take a large part of initial profit. An ipo should be a lot of work, they are asking for YOUR money. Until you are paid back what you put in, they shouldn't be paying themselves large paychecks, it sounds like the idiot running this hasn't put any of his own money into it.
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