New stock on Havelock: 7C (Games on the 7th continent) - page 3.

Korbman

legendary

Activity: 1064

Merit: 1001

After reading through the the summaries (both here and on Havelock) as well as the prospectus, my best guess falls in line with others: It's an odd 'Second Life' sort of game, or at least the marketplace aspect. You register, pay a small fee to build up your fake company, make / produce products, sell / trade those products, profit.

The concept seems pretty cool, and it reminds me a bit of some of the Facebook games that came out ages ago...only difference here is you're hit with fees with just about anything you do in the game. This would be something I'd probably play from time to time...but not something I'd invest in, at least not until they're up and running, have a strong customer base, and some actual financials.

Also, not sure if anyone's noticed, but tomorrow signifies the first round of funding. There are 3,000,000 shares in total; 2M privately held, 1M to be offered in 250K increments. They're not valuing their company at BTC1,925, they're valuing it at BTC23,100.

Oh, and we can't forget the disclaimers near the end of the prospectus Wink

Quote

Seventh Continent Ltd reserves the right to amend, vary or withdraw any information contained in this document
at any time without notice. However unit owners will be informed of changes. Mainly strategic changes may take
place following legal regulations of Bitcoin and/or new Bitcoin markets opening.

...

Whilst all reasonable care has been taken to ensure that the information contained in this document is up to date
and accurate, Seventh Continent Ltd gives no warranty, either expressed or implied, as to the accuracy of
information particularly of income and profit estimations in the enclosed prospec tus and accepts no liability
whatsoever for any loss, damage or inconvenience caused as a result of reliance on such information.

Kyune

sr. member

Activity: 287

Merit: 250

7C has a prospectus available, but the layout of the Havelock website doesn't make it all that obvious. Links:

https://www.havelockinvestments.com/reportdownload.php?id=43 (7C prospectus)

https://www.havelockinvestments.com/reports.php (all fund reports)

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: thehun on December 04, 2013, 06:25:06 AM

I have received the announcement of the IPO for this stock in my email, but as far as I can see there is no related Bitcointalk thread.

It was posted in the economics thread I asked for a redirect
Their is also one in the newbies thread
https://bitcointalksearch.org/topic/m.3815932

Quote from: Peter Lambert on December 04, 2013, 04:40:13 PM

This is one of those listings where they ask for 2 million dollars knowing it will never actually sell out, they hope half of it will sell and they can walk away with their 1 million dollars. I feel disappointed that Havelock would list something like this, it seems to be going downhill.

Got to agree from what I have read this is a Second Life idea based on bitcoin
While I agree it is a neat idea the valuation makes absolutely 0 Sense to Me
In fact I can't even value this based on the information we have
I don't go and make a website then value it a 2 million dollars
I could but would people really be interested

That said I can easily argue Second Life's economy is around a few million a month
http://en.wikipedia.org/wiki/Economy_of_Second_Life

But correlation does not imply causation
Because A is worth so much B should be worth 2 million at this time
That said the rub here is that if the IPO succeeds the market capital of the site itself is somewhere around that range

I guess it also will be used to make a 3D site

Either way reserved vote

Personal opinion:
I almost want to have Havelock have voting privileges on the listing of new assets if this is all the info we get on IPO's

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

This is one of those listings where they ask for 2 million dollars knowing it will never actually sell out, they hope half of it will sell and they can walk away with their 1 million dollars. I feel disappointed that Havelock would list something like this, it seems to be going downhill.

thehun

legendary

Activity: 1212

Merit: 1037

Yep this all confirms my first impression

crumbs

full member

Activity: 210

Merit: 100

I sort-a kind-a get it. It's not gambling ("it's skill-based, derp!"), not a pyramid scheme ("and this is what you get by referring friends, Friend!") and is "a for profit game."
Site loads flash, nothing works other than the registration form.
Amazing company.

twentyseventy

legendary

Activity: 1386

Merit: 1000

I checked yesterday and both of the sites were down.

And can you better explain how everyone deposits money into your game and then somehow everyone cashes out more than they out in. It sounds Ponzi-ish.

zefyr0s

sr. member

Activity: 245

Merit: 250

I got the same e-mail. I think they went out to all Havelock members. Was also a little confused at their goal here.

pascal257

sr. member

Activity: 493

Merit: 262

For the $2m they want to collect, they have not delivered enough information, like estimated profits, share holder structure etc.

Also they're asking for $2m, that should be reason enough not to invest.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Best I can understand so far, it's sorta like Second Life.

_mr_e

legendary

Activity: 817

Merit: 1000

I cannot understand what this company is actually doing.

thehun

legendary

Activity: 1212

Merit: 1037

I have received the announcement of the IPO for this stock in my email, but as far as I can see there is no related Bitcointalk thread.

Can anyone share some insight about this venture?

Announcing the upcoming public offering for 7C Seventh Continent Ltd. (7C)

On Thursday, December 5th, 2013 at 1:00PM (EST), a public offering will open for 7C Seventh Continent Ltd..
Total Units: 250000
Maximum Units Per User: 250000
Price: 0.0077BTC/unit
Fund Overview: https://www.havelockinvestments.com/fund.php?symbol=7C

Market: www.gameontheseventhcontinent.com
Info: www.gameontheseventhcontinent.net

First Economy for Bitcoin owners
Seventh Continent is a digital commodities exchange in Bitcoin for privately run businesses: Let us build a better future together!

Comparative advantages:

•Seventh Continent Market is a new skill based investment opportunity for the Bitcoin community.

•Fair play, transparency, equal opportunities!

•“One Market One Trading” model means no OTC trading, no credit risk, no scams, no cheating possible, also prevents monopolistic positions and stealth or fraudulent second market transactions.

•Overtake the zero-sum game paradigm! On Seventh Continent Market digital products will be sponsored by brands (for instance energy drink will be renamed Red Bull, a rented car Avis sedan, hamburgers Big Mac or Whopper etc) paying a small advertisement fee each time a digital product bearing their brand name is sold on the Market. The fee will be divided fifty-fifty between users and operator. This way the sum of cash circulating on the Market will always be higher than the sum invested by the users!

•Investment risks on the Seventh Continent Market can be kept to a minimum since customers own the trading businesses and can have a relatively high influence on prices.

•Seventh Continent has currently no direct competition. Nevertheless it has the enormous advantage to create its own competition by opening very quickly new market places (China, South Korea, Germany, Argentina, Russia etc) in different cultural environments listing local products, in different languages, multiplying user base and sources of income alike.

•When real money for digital goods with no return loses its shine, a skill based market place where players accumulate fame and fortune stands a chance of being a real success.

•Flash front-end today and a brand new HTML5 front-end for February 2014, 3D platform for IV.Q.2014.

•Users will have the opportunity to list their real companies on Seventh Continent Market starting III.Q.2014.

Business model:

Register a company in Bitcoin > Purchase resources > Trade > Make profit > Cash out or Reinvest your Bitcoins back into the Bitcoin Economy.

Targets

Funds raised will be used for the following events and developments:

•New HTML5 front-end launch in February 2014

•Trading Rally on March 7th 2014 - Participation of unlimited number of users registering at least one digital company and participate with a minimum of one Bitcoin competing for 77 hours to win the first prize 77 Bitcoins. Three goals will be met: 1.awareness, 2.confirm a solid user base, 3.profit (first dividend) As a result we hope 7C unit value will dominantly increase.

•Open Chinese 7C platform in April 2014

•Trading Rally in Hong Kong in April 2014 (another value adding event)

•Open new regional platforms in June-October 2014

•3D launch by the end of 2014

Please contact us for more details or questions.
Thank you for your time and interest.
Gregory Adam Harmati PhD - CEO Seventh Continent Ltd.

Topic: New stock on Havelock: 7C (Games on the 7th continent) - page 3. (Read 5322 times)