Topic: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1 - page 9. (Read 30912 times)

Not a problem, I'll answer as best I can

So, at the beginning of March I'm currently set to purchase back 25% of existing Notes. If all 10,000 Notes are in investor hands, that means 2,500 Notes will be bought back at that time (leaving 7,500 outstanding).

With that in mind, let's say you own 10 Notes and another investor owns 100.

During the first month, I would purchase back 3 Notes from you (since you can't do partial Notes, it has to be rounded up) and 25 Notes from the other investor. After that one month, you'll have 7 Notes remaining, and the other will have 75.
The next month is the same thing..except this time I purchase back 2 from you and 19 from the other, leaving you with 5 and them with 56. After that, it goes 2 from you and 14 from them (3 and 42 left respectively), then 1 from you and 11 from them (2 and 31 left) ...then 1 from you and 8 from them (1 and 23 left)..and finally your last Note is purchased back while 6 from the other investor, leaving them with 17 left.

In this example, the investor with 100 Notes outlasted you who only had 10, technically meaning they "lasted longer". I think I explained all that correctly haha 

That said, at this time, Havelock doesn't currently have a way for Fund Managers to force a buyback, though I am working with the Site Owner on various ways to implement this. Once a system is implemented, it may be that I can customize the way I purchase Notes back. So if, for example, you wanted to pull all your Notes out during a particular month I might be able to fulfill your request..but that largely depends on how many Notes you currently have (Pulling out 2000 Notes for one particular person might not work financially). I'm more than happy to work with Investors on their individual needs though!

Did that help?

Forgive me if this question is answered somewhere else in the thread.  I couldn't see it.

Can you explain in more detail how you will decide which buyback period any particular note will be bought back in?

I notice you made reference briefly to 'the largest noteholders' lasting the longest.  Does this mean the more notes you buy the longer you will have to wait for the larger return?  What if I want out in the first buyback period? or the last?  As a noteholder, will I have a choice?, or are you choosing randomly?

We are officially LIVE, the offering as started!


There are currently a little over 9600 Notes left out of the 10,000 Note cap.



EDIT: To purchase the Notes during the Offering, select Browse IPOs from the main user menu. Then select the 'Buy Now' link to purchase the shares at a flat 1.0BTC rate, instead of the market rate you'd normally find on the Bid/Ask page.

Given your conspiracy theories, I gather you may not have taken a look at my financials, the equations associated with them, or read through the company agreements as well. You may also message me for any required information, or download them off my website. After reading these documents, my hope is that you can gain a broad overview of information regarding:

• Overall Business Plan
• Company Overhead
• Income, Expenses, and what a Cushion means
• Note Maturity, types of Debt Securities and Debentures, and causes for short term debt
• Interest and Principal payments, the associated scheduling, and Profit Sharing
• Importance and Legality of Company Agreements

Based off the information I've already written up, you would understand that your argument isn't mathematically possible.

Uh huh sure it is. Your plan here somehow produces two thirds as much money as is required to pay for two machines. The operating costs on these things even if you rent $800 a month space to place them in paying $200 on electricity giving you $1000 outlay this gives you a 40 month "cushion". Anyone who believes that load of BS can PM me I have bridge in Brooklyn for sale going so cheap I'm virtually giving it away.

This is called a Liquidity (Financial) Cushion.

10,000BTC @$10=$100,000
2x minirig $29,899=$59,798

Left over $40,202/cost of rigs*100=67.23% markup.

--Updates--
After discussing my options with Lightbox (Site Manager of Havelock Investments) and a few of the members on this forum, I have decided to take some advice and limit my Fund a bit. Due to current market conditions and the unease amongst the investing community, I have cut my current market cap from 50,000 to 10,000 Notes, which will allow for the purchase of 2 Mini Rigs. If market conditions improve and the Fund does well over the next two months, I will increase the market cap with another offering.

I have updated all contracts and financials accordingly. Financially, instead of buying back 30% of Notes per month when the time comes, it is actually more feasible to purchase 25% at a time. This means a greater return for investors as they won’t have as many of their Notes purchased back at a time, thus more interest on outstanding principal.

As of 12:00pm (noon) today (October 26th, 2012), my Fund will officially be live! The initial offering has been established for November 1st, 2012 at 9am. This offering will continue until 4pm on December 31st, 2012 or until all Notes are purchased. During this time, all Notes can be purchased for 1.0 BTC each. Interest will begin to be paid to holders on the last day of November.

The sooner investments are made, the sooner I can submit my orders for the mining equipment!


We are officially LIVE!! The initial offering has been established for November 1st at 9am and will continue until 4pm on December 31st. This should give enough time to accumulate funds, make purchases, and give the market some time to heal.

Very glad to see this kind of effort, and double glad to see it on Havelock. Unfortunately, most all of my play dough is already tied up in other investments, and almost half that is double-tied up in the GLBSE mess. All I can say at this point: good luck. We are in the BTC credit crunch, people's funds are either trapped, or cautiously stored under matresses for now. I'll keep watching this project for now.

Updated my Network Analysis from August to incorporate new data released by BFL, Avalon, bASIC, and a new average of mining pool worker speeds. As I expected, there was nearly a 70TH/s increase from my original minimum of 150TH/s, up to 217TH/s now. As a result, I've updated my financials to reflect profitability at a rate of 350TH/s (I try to maintain over a 100TH/s difference to ensure profitability can be achieved at much higher difficulties).

Due to the increase, I've reduced my buyback percentage from 32% per month to 30%, which maintains a stable balance sheet. And yes, it is still profitable as I expected it to be

EDIT: October 24th, 2012 -- Updated my October Analysis to include the new data BFL posted for their preorders, including the "Mini Single".

Here's my latest October Analysis.
Here are my updated Company Financials.

I'm sorry you feel that way SAC, but I must say I'm a bit confused by your statement "I have seen enough of these damn scams around here this one the mining bond ponzi in disguise not having the forever payment feature."

How can you make a Ponzi out of a Bond? The purpose of a Bond to begin with is for company purchases. Bonds, Notes and Bills all pay monthly Coupon Rates (interest) and principal payments upon maturity, which is the point. And these types of investments are all paid back by the end of the maturity period.

Plus, the cool part is that I've got contracts. Which means if you invest with me and I "scam" you, you get to take me to court for your money back. Hence my real company with my real information behind it.  


Thanks nomorecoin! I have indeed done my homework, and I have the paperwork to show for it ..my hope is that it will help to separate me from the rest

And your concern about my concern is of no concern to you, go sock puppet elsewhere. I have seen enough of these damn scams around here this one the mining bond ponzi in disguise not having the forever payment feature. They all amount to the same thing people being separated from their BTC by these grand visionaries whose plans don't even include what is obvious for anyone to see.