Could you offer some possibilities why the price dropped from the initial offer price of 0.001BTC to 0.00015BTC, a whopping -85%? As an investor, it really pained my heart to see the price of such a good security dropping so much.
Are the major shareholders in any way related to Seedcoin? Were all the securities sold to Havelock investors for all 4 blocks? Were there any securities unsold to Havelock investors and later taken up by Seedcoin or entities related to Seedcoin?
Topic: [HAVELOCK](SFI) Seedcoin Fund I - page 4. (Read 27350 times)
It's actually fairly ingenious for a scam.
Step 1) create a fund that does essentially nothing, but you've got a clause in there that you can buy back shares based on 30-60 (etc) day moving average, 2) pretend that you're actually doing something for a little bit, 3) cease all activity for a time greater than a multiple of 30-60 days, so that by that time most investors had dumped their coins and crashed the price, 4) magically come back and take advantage of the clause, using the IPO funds to buy back all the shares at the dirt cheap average price.
With an IPO raising BTC2,000, and a buyback of BTC900, that's not a bad haul for 11 months of doing nothing.
I did not realize we had ceased all activity for a while... oh, sorry you mean we were pretending to do something and then, we ceased pretending we were doing something, which is even more ingenious than 'pretending we are actually doing something'... but all the while we were busy making investors "dump their coins and crash the price"... since we have magical powers no problem we can come back and take advantage of the pretending we were busy doing (apart from that time when we ceased doing that) and 'magically' buy back the units.
After all this non-activity I am anxious to take more days off being busy non-pretending.
If you think my answer does not make sense, please read again your initial statement, that should clarify it.
does this mean you need 2001 shares to qualify for transfer, or just 2000 only?
2,000 units or more
It's actually fairly ingenious for a scam.
Step 1) create a fund that does essentially nothing, but you've got a clause in there that you can buy back shares based on 30-60 (etc) day moving average, 2) pretend that you're actually doing something for a little bit, 3) cease all activity for a time greater than a multiple of 30-60 days, so that by that time most investors had dumped their coins and crashed the price, 4) magically come back and take advantage of the clause, using the IPO funds to buy back all the shares at the dirt cheap average price.
With an IPO raising BTC2,000, and a buyback of BTC900, that's not a bad haul for 11 months of doing nothing.
Step 1) create a fund that does essentially nothing, but you've got a clause in there that you can buy back shares based on 30-60 (etc) day moving average, 2) pretend that you're actually doing something for a little bit, 3) cease all activity for a time greater than a multiple of 30-60 days, so that by that time most investors had dumped their coins and crashed the price, 4) magically come back and take advantage of the clause, using the IPO funds to buy back all the shares at the dirt cheap average price.
With an IPO raising BTC2,000, and a buyback of BTC900, that's not a bad haul for 11 months of doing nothing.
I was thinking much the same thing but with the added step of gaining additional "good guy" points by pointing out that the 30 day average is more like 0.0002 and then graciously offering 0.00045 instead.
Note: I'm just using very rough numbers for illustration. I can't be bothered to actually work out what the true average is.
Buy-back offer - November 4, 2014
Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.
From the date of this post SF1 units will no longer be trading on Havelockinvestments.com.
As stated in the Seedcoin Fund disclosure document (the “Prospectus”), the Seedcoin Fund (“SF1”) is the trading name of Seedco Holdings Limited (“Seedco Holdings” or “the Company”) which, as described in the Prospectus, is “the issuer of the units... (and)… the custodian of the shares of the Bitcoin startups”.
According to the Prospectus (page 5) there is a clause titled “Buyback policy / Termination of operations policy” that explains the mechanism to buy-back the units of SF1 (“Units”) from unit holders. This clause states: “SF1 shall reserve the right to close the listing […] closure may be effected via a buyback of all outstanding shares. Pricing of the shares will be based on the 30-day weighted moving average of the unit prices on the exchange prior to closure.”
As of the date and time of the temporary interruption of trading of SF1 units on Havelockinvestments.com, or October 1st 12 noon EST, prior to the consultation poll, each SF1 unit was priced BTC 0.00015 per unit with a monthly high at BTC 0.00029894 and a monthly low at BTC 0.00005 in September. However, Seedco Management Limited has determined that the buy-back price shall be BTC 0.00045 per SF1 unit.
Subject to holding more than 2,000 SF1 Units at the time of this offer, you will be sent a message by email within 10 days of this post, with the details of Shares and the conditions for the exchange of Units to Shares. Should you elect to exchange your Units for Shares you will be required to submit identification documents in order to become a shareholder of Seedco Holdings Limited. SHL Shareholder shall hold the equivalent proportional ownership of the Company via Shares as held in SF1 via Units.
If you are not eligible to subscribe for the shares via a SF1 Unit for SHL share exchange, your Units will be bought back via Havelockinvestments.com.
Thank you for your support and thank you to Havelockinvestments.com for the opportunity to contribute to the SF1 startups and the Bitcoin ecosystem.
Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com
Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.
From the date of this post SF1 units will no longer be trading on Havelockinvestments.com.
As stated in the Seedcoin Fund disclosure document (the “Prospectus”), the Seedcoin Fund (“SF1”) is the trading name of Seedco Holdings Limited (“Seedco Holdings” or “the Company”) which, as described in the Prospectus, is “the issuer of the units... (and)… the custodian of the shares of the Bitcoin startups”.
According to the Prospectus (page 5) there is a clause titled “Buyback policy / Termination of operations policy” that explains the mechanism to buy-back the units of SF1 (“Units”) from unit holders. This clause states: “SF1 shall reserve the right to close the listing […] closure may be effected via a buyback of all outstanding shares. Pricing of the shares will be based on the 30-day weighted moving average of the unit prices on the exchange prior to closure.”
As of the date and time of the temporary interruption of trading of SF1 units on Havelockinvestments.com, or October 1st 12 noon EST, prior to the consultation poll, each SF1 unit was priced BTC 0.00015 per unit with a monthly high at BTC 0.00029894 and a monthly low at BTC 0.00005 in September. However, Seedco Management Limited has determined that the buy-back price shall be BTC 0.00045 per SF1 unit.
Subject to holding more than 2,000 SF1 Units at the time of this offer, you will be sent a message by email within 10 days of this post, with the details of Shares and the conditions for the exchange of Units to Shares. Should you elect to exchange your Units for Shares you will be required to submit identification documents in order to become a shareholder of Seedco Holdings Limited. SHL Shareholder shall hold the equivalent proportional ownership of the Company via Shares as held in SF1 via Units.
If you are not eligible to subscribe for the shares via a SF1 Unit for SHL share exchange, your Units will be bought back via Havelockinvestments.com.
Thank you for your support and thank you to Havelockinvestments.com for the opportunity to contribute to the SF1 startups and the Bitcoin ecosystem.
Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com
does this mean you need 2001 shares to qualify for transfer, or just 2000 only?
So... They are paying people back .00045BTC when they charged them .001BTC for the share. Considering that they are a fund that kept everything in BTC, this is incredibly fraudulent, as there is no reason the value of the fund should have changed (other than investments in companies, however they haven't invested in many startups, leading to the obvious conclusion they are still retaining a significant amount of BTC on hand).
It's actually fairly ingenious for a scam.
Step 1) create a fund that does essentially nothing, but you've got a clause in there that you can buy back shares based on 30-60 (etc) day moving average, 2) pretend that you're actually doing something for a little bit, 3) cease all activity for a time greater than a multiple of 30-60 days, so that by that time most investors had dumped their coins and crashed the price, 4) magically come back and take advantage of the clause, using the IPO funds to buy back all the shares at the dirt cheap average price.
With an IPO raising BTC2,000, and a buyback of BTC900, that's not a bad haul for 11 months of doing nothing.
So... They are paying people back .00045BTC when they charged them .001BTC for the share. Considering that they are a fund that kept everything in BTC, this is incredibly fraudulent, as there is no reason the value of the fund should have changed (other than investments in companies, however they haven't invested in many startups, leading to the obvious conclusion they are still retaining a significant amount of BTC on hand).
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Buy-back offer - November 4, 2014
Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.
From the date of this post SF1 units will no longer be trading on Havelockinvestments.com.
As stated in the Seedcoin Fund disclosure document (the “Prospectus”), the Seedcoin Fund (“SF1”) is the trading name of Seedco Holdings Limited (“Seedco Holdings” or “the Company”) which, as described in the Prospectus, is “the issuer of the units... (and)… the custodian of the shares of the Bitcoin startups”.
According to the Prospectus (page 5) there is a clause titled “Buyback policy / Termination of operations policy” that explains the mechanism to buy-back the units of SF1 (“Units”) from unit holders. This clause states: “SF1 shall reserve the right to close the listing […] closure may be effected via a buyback of all outstanding shares. Pricing of the shares will be based on the 30-day weighted moving average of the unit prices on the exchange prior to closure.”
As of the date and time of the temporary interruption of trading of SF1 units on Havelockinvestments.com, or October 1st 12 noon EST, prior to the consultation poll, each SF1 unit was priced BTC 0.00015 per unit with a monthly high at BTC 0.00029894 and a monthly low at BTC 0.00005 in September. However, Seedco Management Limited has determined that the buy-back price shall be BTC 0.00045 per SF1 unit.
Subject to holding more than 2,000 SF1 Units at the time of this offer, you will be sent a message by email within 10 days of this post, with the details of Shares and the conditions for the exchange of Units to Shares. Should you elect to exchange your Units for Shares you will be required to submit identification documents in order to become a shareholder of Seedco Holdings Limited. SHL Shareholder shall hold the equivalent proportional ownership of the Company via Shares as held in SF1 via Units.
If you are not eligible to subscribe for the shares via a SF1 Unit for SHL share exchange, your Units will be bought back via Havelockinvestments.com.
Thank you for your support and thank you to Havelockinvestments.com for the opportunity to contribute to the SF1 startups and the Bitcoin ecosystem.
Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com
Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.
From the date of this post SF1 units will no longer be trading on Havelockinvestments.com.
As stated in the Seedcoin Fund disclosure document (the “Prospectus”), the Seedcoin Fund (“SF1”) is the trading name of Seedco Holdings Limited (“Seedco Holdings” or “the Company”) which, as described in the Prospectus, is “the issuer of the units... (and)… the custodian of the shares of the Bitcoin startups”.
According to the Prospectus (page 5) there is a clause titled “Buyback policy / Termination of operations policy” that explains the mechanism to buy-back the units of SF1 (“Units”) from unit holders. This clause states: “SF1 shall reserve the right to close the listing […] closure may be effected via a buyback of all outstanding shares. Pricing of the shares will be based on the 30-day weighted moving average of the unit prices on the exchange prior to closure.”
As of the date and time of the temporary interruption of trading of SF1 units on Havelockinvestments.com, or October 1st 12 noon EST, prior to the consultation poll, each SF1 unit was priced BTC 0.00015 per unit with a monthly high at BTC 0.00029894 and a monthly low at BTC 0.00005 in September. However, Seedco Management Limited has determined that the buy-back price shall be BTC 0.00045 per SF1 unit.
Subject to holding more than 2,000 SF1 Units at the time of this offer, you will be sent a message by email within 10 days of this post, with the details of Shares and the conditions for the exchange of Units to Shares. Should you elect to exchange your Units for Shares you will be required to submit identification documents in order to become a shareholder of Seedco Holdings Limited. SHL Shareholder shall hold the equivalent proportional ownership of the Company via Shares as held in SF1 via Units.
If you are not eligible to subscribe for the shares via a SF1 Unit for SHL share exchange, your Units will be bought back via Havelockinvestments.com.
Thank you for your support and thank you to Havelockinvestments.com for the opportunity to contribute to the SF1 startups and the Bitcoin ecosystem.
Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com
No it was your poorly made anti Havelock thread a couple months ago.
Link?
No it was your poorly made anti Havelock thread a couple months ago.
NotLambchop,
Wow looks like your all knowing and telling me not to buy at 0.00018 was one of the best moves I could have done.
/s
...
Wow looks like your all knowing and telling me not to buy at 0.00018 was one of the best moves I could have done.
/s
...
You appear in this thread exactly 0 times, don't remember advising you. Are you sure you're logged into the correct account?
Regardless. Jumping out of a 10th story window in hopes of getting rich is stupid.
It doesn't become unstupid even if you happen to land on a pile of fluffy garbage bags and avoid injury, finding a ten dollar bill in one of them.
Stay safe, and
~Happy investing!
NotLambchop,
Wow looks like your all knowing and telling me not to buy at 0.00018 was one of the best moves I could have done.
/s
Anyway the company is looking at buying back shares at 0.00045 and while a good bet for those that want out and bought low I'm sticking with the fund. The equity in the holding company is definitely an interesting move but I reserve any decision on that value til we see at what ratio they are looking to do.
However those that were able to buy in below the 0.00045 mark it looks like you will be profiting either way.
Anyone else have thoughts on the announcement?
Wow looks like your all knowing and telling me not to buy at 0.00018 was one of the best moves I could have done.
/s
Anyway the company is looking at buying back shares at 0.00045 and while a good bet for those that want out and bought low I'm sticking with the fund. The equity in the holding company is definitely an interesting move but I reserve any decision on that value til we see at what ratio they are looking to do.
However those that were able to buy in below the 0.00045 mark it looks like you will be profiting either way.
Anyone else have thoughts on the announcement?
...
Yes, I have just spend 10 minutes to go through the whole thread and to look at your postings. I have found nothing of value.
...
Yes, I have just spend 10 minutes to go through the whole thread and to look at your postings. I have found nothing of value.
...
Perhaps you missed something?
Fig. 1
Fig. 2
Fig. 3
aaaand:
Fig. 4
Fig. 5
*Boop*
Deeply discounted, and plenty of it. Go go go!
Deeply discounted, and plenty of it. Go go go!
LOL. I knew somebody would catch on that 
Yes, I have just spend 10 minutes to go through the whole thread and to look at your postings. I have found nothing of value.
Just a graph of the chart and some meaningless chatter. jimmothy already said it all.
Congratulations: you just wasted another five minutes of another human beings life.
This implies that 5 minutes out of 10 weren't wasted.Just a graph of the chart and some meaningless chatter. jimmothy already said it all.
Congratulations: you just wasted another five minutes of another human beings life.
Not bad.
Not good, but definitely not bad either.
Either my posts are devoid of value, or ...let's just say like you, my cat finds them less interesting than, oh... a new cardboard box.
So instead of getting upset, maybe go look for a fun cardboard box to play in?
So instead of getting upset, maybe go look for a fun cardboard box to play in?
@doolittle: I have lost exactly nothing on Bitfunder, MPEX, BTCT, etc., etc., by virtue of laughing at the available offerings instead of "investing" in them. If you would like to know my take on this particular "fund," please read my previous posts in this thread.
~Happy investing
~Happy investing
Yes, I have just spend 10 minutes to go through the whole thread and to look at your postings. I have found nothing of value.
Just a graph of the chart and some meaningless chatter. jimmothy already said it all.
Congratulations: you just wasted another five minutes of another human beings life.
@doolittle: I have lost exactly nothing on Bitfunder, MPEX, BTCT, etc., etc., by virtue of laughing at the available offerings instead of "investing" in them. If you would like to know my take on this particular "fund," please read my previous posts in this thread.
~Happy investing
~Happy investing
...
Why? What do you not like about them? Do you have any arguments to back up your claim?
Why? What do you not like about them? Do you have any arguments to back up your claim?
A better question to ask is "what is it you like about them?" BTW, SF1 used to be called SF. Then there was a second IPO, SF2. That instantly failed because obvious.
Can you be more specific, instead of just being negative? Seems like you all knew it before. Why? What did make you "know" it was bad?
Or are you one of these guys who lost a lot on Bitfunder/MPEX/... and now thinks everything is necessarily bad?
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