I, for one, would like an explanation for the extremely large 'service fee.' 1 BTC?
Also, I'd like some explanation of the Havelock backup procedure. Burnside said that BTCT emailed friedcat every 12 hours, the email address and a BTC address of every Asicminer shareholder.
Something like that would be very comforting. The community is butt-sore!
Arwell's quote inexplicably excludes the current transfer fee of 0.2btc (1btc is the max price, created when bitcoin was worth much less).
In addition to any backups Havelock does internally, the full shareholder list is sent to each issuer twice per day.
I suggest reading the entire Havelock description AND the entire LMB prospectus before buying.All your questions have been addressed and answered numerous times in the past. And most are answered in the documents I noted.
Also read this thread from the beginning, etc.
This is due diligence, and you must do it to have any hope of understanding what this is.
Thanks... and that little jibe at the end about my misunderstanding of the exchange fees was just what I would expect from an amateur.
Any hope... really, man. You're the poor joe who's running around doing IPO's with a tag like 'Thick as Thieves.' Jeez... It's your job to answer questions politely. And really, if I want to transfer 100 shares to direct - how much will it cost me? .2 BTC? 1 BTC?
It's amazing any of us are even solvent at this point.
The only "jibe" was at Arwell for inciting people by leaving details out of his quote. The rest of my comment is short, not out of disrespect, but because emotion has no place in this kind of thing.
It's important to me that people perform due diligence as best they can, but it is not important to me to value likability above that. I've done my best to develop a reputation by being one of the only rocks in the storm during BTCT and Bitfunder's closings, representing on the ASICMINER board, using XBOND to help fund projects like Neo while rendering bondholders whole, pushing Havelock to improve standards and protocols, and reliably providing what I've offered to provide.
I don't want anyone to trust me because I say what they want to hear, or because I speak in ways people are most comfortable with. Trust is earned, not proclaimed.
Your additional question again shows you did not read up, so I continue to have reason to be concerned.
"There is no minimum quantity for transfers, but any transfer order must pay the current service fee. (2/1/2014: Fee is currently 0.2btc, and may never exceed 1.0btc)"
To reword it, any transfer of shares from Havelock to LMB currently requires a 0.2btc service fee. The quantity of shares transferred is not a factor, only the quantity of requests.
Why is there a fee? Because there are notable monthly fees to have a listing on Havelock and transfers are an optional service that carries a burden of time, responsibility and risk. Also note that whenever a shareholder has been stuck or stranded, I provided free accommodations in the past. I know we are in a culture of advertising-supported free services, but that is unhealthy, and this is not one of them.