Topic: Quinto BTC Lottery • PM Poker, S.A. • 6% ownership (Updated 3 Jul 2015) (Read 5496 times)

The sites do not look professional, and this is not our forte.  This is one part of the overall redesign of our website and web-interface.

I'd like that. I'll also run it as if we're under NDA. Also, checking out your sites now, .

Yes, we have a complete list of all current shareholder.  We are seeking a total of BTC120.00, and we can send you a break down in private.

Do you have a spreadsheet already that shows the investors currently taking part? And how much are you going for total?

Each share in PM Poker, S.A. Cost ฿0.004, and in return, we’ll credit 25% of investment back into shareholders Players Account on the site as PM Satoshis, our reward system.  This way shareholders can see how our gaming system works, and any winnings in excess of PM Satoshis wagered can be withdrawn.

Anyone willing to acquire more than 10 shares, will receive a 20% bonus in shares.

We require all shareholders to provide us with a Bitcoin address and email for our database records, and shareholders will receive dividend from all our gaming income.

Our system is fully automated, and once a shareholder reaches ฿0.010 in dividends (or greater based on shareholder set threshold), our system will automatically send the dividends directly to shareholder Bitcoin address on record, minus miners fee of ฿0.00015.

We also have a complete detail of handle, income, charity, and promo expense, for each game.  These numbers will be put into a P&L, and sent to shareholders monthly.  (This automation is not fully completed.)

We too need adequate funds while improving our software, but this will be limited as once a foundation is in place the development cost will dramatically decrease. 

For the first year we estimate a 65/35 split with expenses taking the majority of the income, and afterward a reversal where dividends have majority.

PM Poker, your last post is a bit more intriguing than the beginning ones. What I'm reading is that you are essentially offering a site-based 25% cash back for all investments (with a bonus when investing more)? How are investments tracked, and how do you determine whether dividends will be paid and how much? A big concern right now is CasinoBitco.in, who hasn't paid out dividends in a LONG time since they are rolling nearly 100% of their income into expanding.

This is an easy answer, slandering our name by calling us a scam, when promoting another site.  We clearly stated "we would remove unwarranted statements."

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Yet another easy answer, and a question:  How many sites have taken players money and just closed up and run?  Running a site requires ample funding, and we have doing what we can on limited funds.  We are not here to SCAM people as you state, and must likely one of the few sites that is actually incorporated with a gaming license, and do not hide our information behind WHOISGUARD PROTECTED in Panama.

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Seeking investors and trying to seek accredited investors is not being greedy, it sound business.

We have done many improvements, but not all on the front end.  We have always been up front that our website is lacking as we're not web designers, and seeking funding to do a complete redesign of the website and create a working web-interface for Quinto BTC Lottery, and then PM Poker is again another smart business move.

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All we can say to this, is WOW.  nwfella never had 2.50 in QUINTO, and we converted all shareholders from QUINTO to PMPOKER, because there where many signs of the demise of Crypto::Stocks.  Without disclosing  nwfella actual shares, their investment total was roughly BTC0.012, and still maintains their shareholder status.

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When have we ever stated or denied Quinto BTC and PM Poker are the same.  We wanted two different posting names because we were going to have to different companies, but in the end changed our mind.  If you look at our postings you see we use both all the time, and state Quinto BTC Lottery is owned and operated by PM Poker, S.A.

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We notice you put a negative trust on us, and stating you risk BTC1000.00.  You have never been an investor or given our site funds, and posting such a falsehood show your true character.

I have post a thread about this scam here:  https://bitcointalk.org/index.php?topic=1116198.new#new

It is a confirmed scam, this OP is the alt of quinto btc lottery, and it scammed many people, and he locked the OP, https://bitcointalksearch.org/topic/quinto-ipo-on-cryptostocks-473710

Proofs:

OP: https://bitcointalksearch.org/user/quintobtc-253391  Even thymos gave him neg rate: https://bitcointalk.org/index.php?action=trust;u=253391   And this guy complaints he bought this security and became 0.

User   Date   Risked BTC amount   Reference   Comments
nwfella 0: -0 / +0     2014-09-14     2.50000000   Reference   This individual run's two asset's on Crypto::Stocks. QUINTO & QBOND. I've only invested in QUINTO thus far (thankfull) and after numerous delay's, etc. share value has literally dropped to near 0. Only just released product and no further updates given. Shutdown self-moderated forum thread as mentioned by theymos as well. Avoid at all costs!

And you can see this thread, Quinto and PM poker they are the same people:    https://bitcointalksearch.org/topic/pm-poker-no-rakes-250-mbtc-signup-bonus-pm-satoshis-investment-1116121

I have post one in: https://bitcointalksearch.org/topic/pm-poker-no-rakes-250-mbtc-signup-bonus-pm-satoshis-investment-1116121  This guy deleted my post very soon, so I find this guy is quinto scam's alt. And he wanna scam people again here: https://bitcointalksearch.org/topic/quinto-btc-lottery-pm-poker-sa-6-ownership-updated-3-jul-2015-976321  So he started to make a beautiful blueprint to scam people again..!!!! Like his void promises made on Quinto btc lottery site.

Just don't hesitate to give this greedy bastard again cos he wants scam people again, he just using an alt - PM poker, fuck this scammer. Scammer link:  https://bitcointalksearch.org/user/pm-poker-54122

Scammer info:  https://bitcointalksearch.org/topic/m.7242525

steven Swanson
Age
54
Date of Birth
9/1959
Phone Number
702-804-8773
Additional Phone Numbers
253-939-9542, 253-815-9470
Most Recent Address
5250 S Rainbow Blvd, Unit 1054, Las Vegas, NV 89118-0624
Aliases/Name Variations
Steven Carl Swanson, Steven A Swanson, Steven C Swanson, Steve Carl Swanson, Steve C Swanson, Steve Swanson

Criminal Records (2)
Case Number ID:271836
Category:Criminal/traffic
Charges Filed Date:N/A
Offense Date: N/A
Offense Code:0946160
Offense Description:OTHER FELONY
Source:wadoc
Case Type:N/A
Source Name:WA Dept of Corrections
Source State:WA

FUCK U LIAR AND GREEDY BASTARD, why did you delete my post when i post "but how can you profit? I still don't see many traffic on your site, where is the profit? I saw your thread about raising funds many months ago, how many did you raise?

Why there are so many sites don't have enough funds but they can still run? And you are always asking for funds but don't get any market share?

I never seen any OP like you, always begging for funds, but you don't do marketing or promotion by yourself, why you are so greedy?"

in this thread: https://bitcointalk.org/index.php?topic=1116121.0?   I am pretty sure you are a SCAM!!

And you didn't improve anything since I post it: https://bitcointalksearch.org/topic/m.11132495    but you ask funds again.

During our research while developing PM Poker, Quinto BTC and 5:55 LOTTO, we have been paying particular attention to the concerns of the customers of those websites, most notably:

   • Provably Fair
   • Sizable Jackpot Prize and Proof of Jackpot
   • Ease of use

However, one question that most are not, but should be asking; “Is the site licensed?”

PMPoker, S.A. is a Costa Rica corporation set up for internet gaming.  PM Poker, Quinto BTC, and 5:55 LOTTO are trademarks of PMPoker, S.A.  

Our lotteries are 100% provably fair by using the Bitcoin blockchain transaction identifier for our drawing.  This assures the customer that we have absolutely no control of the lottery outcome.

A Sizable Jackpot Prize, Proof of jackpot, and Ease of use is why we are here seeking investors.  

(Updated Information)

PLAYER ASSESSMENT

Since our release, it has become obvious there are a limited number of Bitcoin poker players willing to actually deposit funds to play. Also, customers DO NOT desire a software download.

Because of these two factors, we have elected to move forward with Quinto BTC Lottery as web-base software that will be accessible through any browser or mobile device.  This process should take approximately 60 days upon funding (Target Date 15 Sept 2015).

JACKPOT

Quinto BTC Lottery wants to offer the largest guaranteed jackpot in the Bitcoin community of 2,000,000 m฿ ($500,000.00 USD). To accomplish this task, we are working with Lloyds of London Broker's to acquire lottery insurance necessary to ensure players of the ability to pay this guaranteed jackpot.  We strongly believe these changes will explode our customer base, which can then carry-over to our other games.

INVESTMENT

We're seeking to raise ฿120.00 ($30,000 USD) to complete these tasks, ฿30.00 ($7,500 USD) of which will be used for advertising.  For this amount, we are willing to give 6% of the company, or ฿0.004 ($1.00 USD) per share.



It's important to explain our two lotteries:

Quinto BTC Lottery

Quinto BTC Lottery (“Quinto”) is an extraordinary, innovative Bitcoin lottery. Unlike most traditional number-based lotteries, Quinto players select their picks based on a standard deck of cards. Player chooses 5 cards, and wins are determined by both the number of matching cards, as well as their position in the pick itself.

The object of Quinto is to match your picks with the game draw. Prizes are based on how many matching cards, and how many are in the correct position. This allows Quinto to offer 18 ways to win (including Jackpot). There are two distinct payout types: Fixed and Pari-Mutuel.

Fixed payouts have guaranteed payout amounts, whereas Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination. Each winning combination accumulates funds in separate pool until won. The overall odds of winning a prize in Quinto are approximately 1 in 7.39, and cash prize is 1 in 15.01.

Quinto drawings are held on the 5, 10, 15, 20, 25, and 30th of every month (expect February) at 11:00pm UTC, the entry fee is ฿0.001 (1.00 m฿), and with the potential jackpot reaching over 10 Million m฿.

5:55 LOTTO

Daily 5:55 LOTTO absolutely has the best lottery odds of any lottery game. A player picks five lucky numbers from 1 to 55, or may play randomly generated numbers with Quick Picks. 5:55 LOTTO offers the best odds on winning, with winning picks only requiring one matching number to win. Picks with more winning numbers pay increasingly higher, depending on the combinations. All payouts are Pari-Mutuel.

Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination. Each winning combination accumulates funds in a separate pool until won. The jackpot is won by matching all five numbers. The overall odds of winning a prize in 5:55 LOTTO is approximately 1 in 2.56.

With drawings held daily at 5:55am UTC, low entry fee of ฿0.00055 (0.55 m฿).

Both lotteries withhold a percentage for expenses, which 25% going to charity fund.  Prize payouts are 90% of Pari-Mutuel pool with 10% carry-over to maintain reasonable future payouts.

All lottery prizes are stored in our Cold Wallet.  This same cold wallet also has the transactions identifier for our drawing.  Our Cold Wallet is 1QBTCbusghrWMBYh8r7co26YCPMYbDDSWd.

PM Poker, S.A., strongly believes in a superior product and exceptional customer service.  The primary concern is to finish the new software; and during the development to finalize the requirements for jackpot insurance.

If you wish to know more, we will post what information we can in the forum, but please understand that some information may require an NDA.  All queries will be answered.

If your interest was serious you would be having a private conversation. But you're not. You are browbeating him in public.

No class.

Since our initial posting over three months ago, we're progressing ahead on our own funds, and our last posting was just for a few Bitcoin to try a promotional campaign.

As for the statement we are trying to prey on people, that is not true at all.  This is one clear reason we ask for accredited investors, because they are qualified to make rational decision, and we do not need to worry about all the SEC regulation regarding non-accredited investors even though we do comply with such rules.

All new businesses and business plans must use projected income based on some facts that are known when first starting out  We clearly explained our games, our potential revenues, and what we want to achieve.  We have answered everyone's questions, and not all on the forum.

We also have better technology then most other sites, as we can handle many more connections, and we are not prone specific database attacks as many are.  A few sites have come under attacks and been down for several days if not longer, and no Bitcoin poker site has been tested for heavy load.

As for investment opportunities, we believe our lottery system is more viable in the Bitcoin market then even poker, and with a greatly reduced risk factor.  Bitcoin poker seem to be a race to the bottom with many sites handing out huge rake-backs, and reducing their rake percentage so low that is not sustainable.

We have not been overly aggressive on seeking investor, as we anticipate a fit will happen soon enough.


My apology for any grammatical errors as I posted this before sending on to proof reader.

OP is the only person with the information potential investors are interested in. The only. Read this again: the only.

Just like you wouldn't hit up a VC/bank and say "I need a loan for x business. Don't ask for financials, figure that shit out yourself," it shouldn't happen here. None of us know his business as well as he does, hence the push to supply information. Nobody can make an informed decision without information. Information is key.

FWIW, this is an area I'm highly interested in. At one point I was going to run my own site, but decided against it as I don't have the technical know-how server-wise and I don't personally know the laws regarding legality and such.

In the gambling arena, poker is the only type of site I'd be interested in a long-term ownership stake in.

I wouldn't own a site for free ... what a sh*ty business. (Congrats to you.) I DO like people spending their money promoting sh*ty sites.

OP isn't, as you claim, tricking anybody to hand anything over. 'Valuaton' is a fancy term for 'Wild-assed Guess' (WAG). Any 'investor' making decisions based on OP's WAG shouldn't have money in the first place ...

I own hundreds of poker sites -- you're absolutely right. I was hoping it may be a legitimate opportunity -- not an overpriced attempt at tricking people with too much money into handing it over for a project that simply hasn't proven itself. Hell, I even took the time to read every. single. post. The information being requested is ignored time after time. But I like how you single me out. It makes me feel special.

You are clearly not interested in this offer, so why are you even posting?

There is essentially zero revenue. But you want to beat him up for 'hard data.' You are not being honest with this board Ranlo. It just smells like you have a competitive interest and don't want a new site promoting. Do us all a favor and STFU.

PM is a highly speculative opportunity. There may be someone with some spare coin, who wants an inside view on the marketing of a btc poker site, and are happy to consider this, knowing fully well that the failure rate for new btc poker sites must be north of 90%.

It is plain that person is not you Ranlo, so move along.

I'm not seeing any information on revenue that substantiates your requested valuation yet. What you're doing is trying to extrapolate the future, which is an unknown variable. You can't possibly know what is going to happen in the future.

If I earn 1 BTC today and 10 BTC tomorrow, I can't claim a valuation of 1.0*10^30 BTC because that's what the data shows I should be earning in 31 days.

It's clear that you've never dealt with an actual investor. If you had, you'd know what data to supply. Until you substantiate where your valuation is coming from (and the future is largely irrelevant unless you already have agreements with other major sites -- and can show proof of these -- that would bring increased traffic/income), no real investor is going to touch this. Which makes it even more asinine that you're looking for "accredited investors." Any accredited investor would refrain from even ASKING for information at this point because you've shown yourself to be inept for the job.

At this point what you're trying to do is prey on people that don't know any better, hoping they will fall into a false sense of security.

Please do yourself a favor if you actually want this to succeed: supply the information that's being asked for. Hard, factual data -- not assumptions and false claims of grandeur.

WHERE WE STAND (Revised)

• Implemented a 2.50% to 30.00% rake-back for all members.
• Adding referral program by Friday June 5, 2015
  • 20.00% back from members rack-back
• Would like to offer a special promotion to our Sweet 16 Step Sit-n-Go, more detail through PM
• Affiliate program should be completed within 30 days from date of investment.

Again we are seeking ฿15.00 from investors for website expansion, as well as marketing and promotion of our games.  Our primary focus will be on creating an affiliate program to help promote our brand across a variety of outlets, and aid in the acquisition of new players.

We can structure this as a loan or ownership stakes in PM Poker.  We are very close to having a break through product, which we know poker players and other casino game players will enjoy.

Please make us an reasonable offer.

During the last 30+ days, we have improved the stability of our software, for all our games.

At this time, we are seeking ฿15.00 from investors for website expansion, as well as marketing and promotion of our games.  Our primary focus will be on creating an affiliate program to help promote our brand across a variety of outlets, and aid in the acquisition of new players.  Timeline for this development is 30 days.

We can structure this as a loan or ownership stakes in PM Poker.

LMAO, if I post in your thread for promoting other sites, I wouldn't give you feedback, your word proved you incompetent again. You even don't know btc poker house in the community. Look at other poker sites or casinos, they run for months even 1-3 years, they do not ask for investment.

Why you don't run for some months or a few years? Get enough players and ask for an investment. It seems that you are very urgent to sell your site without any proofs you can run this site will. And only like bragging.

We like to address the last couple of posts.  

First fox19891989, did signing up on our first day of launching and did have a issue upon signup.  Below is the timeline of events (March 31, 2015):

Fox19891989 (4:29pm): Post programming error on thread, with a broken link.

PMPoker (4:32pm) : sent Private Message (“PM”) to fox19891989:
“could you email the screenshot directly please.

[personal email omitted]

It did not show up in the forum”

Fox19891989 (4:34pm):  PM to PMPoker:
  “I just modified the link, it's OK now, thanks, fast support!”

PMPoker (4:36pm): PM to fox19891989:
 “This looks like you where trying to do a signup is that correct...

Just want to do a quick test in our qa system.”

Fox19891989 (4:39pm): PM to PMPoker:
“yes, failed on sign up, my username and pw are all characters.”

PMPoker (4:49pm): PM to fox19891989:
“This issue is fixed.  I also posted it in the forum”

From the moment he first posted the error and the delay on communication it took us a total of 20 minutes to resolve the issue.  We also thanked him for notifying us about the issue.

Fox19891989 then posts:

We replied to his post with the following:

We have followed fox19891989, and notice that he is promoting some specific gaming sites.  So IMO, this person came in to see what we offer (as their competition), and as any competitor would do, they start negative talk about their competition.  Their biggest complaint was we are not handing out FREE money fast enough.  If our business model was designed to just hand out free money, there would be absolutely no reason to invest in our business.  Their motive is clear, they do not want us as competitor because we have a better design, better software, and can handle more customers.

The fact that we have low play volume is expected when you’re first starting out.  Primary propose of this investment is to find the necessary funds for marketing, and to be a driving force in the poker arena.  It would be unrealistic to expect hundreds of player on opening day, and without marketing you do not have a chance against all the competition.

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Chef Ramsay, we understand your point regarding the milli-bitcoin, but at this time we use mBTC as our unit of measure within the software, and felt it was best to represent our income based on those units.

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Crazyivan, you did ask for revenue data and proof of the 300% ROI claim.  When writing we did focus on explaining the 300% ROI, and afterward realized we did not explain the revenue data.  Although this section would have been very short nonetheless we should have posted it with everything else.

We initially launched our product without a wallet only offering faucet play; we then re-launch with a wallet on March 31, 2015.  So our revenue stream is negligible.  As of this posting we have handled 35,388 mBTC (BTC35.388) earning less then 1% profit.

In closing we are not asking for an investment in a product that has yet to be designed, we are focus on marketing.  If we had a substantial revenue stream we would not be seeking accredited investors at this time.  We are a newly launched site, with ownership that was part of a previously successful fiat site that did over $50,000,000 in handle (BingoGold.com).  We have the experience and better knowledge then most OP out there.  If you want to know more about our technology, NDA would be required.

I think they don't have any profit because no many players play there. I don't know now how many players there, but i am sure less than 10.

I uninstalled their PC client after playing some hours. Sometimes the client was closed by itself, it showed some errors. And their freerolls were lies because they cancelled my registration. I spent many hours there, it wasted my time and energy.

This OP is so fishy, he never shows how many users there(he dare not ). He just shows you some day dreaming stories, buggy client and wanna get 1000BTC fund? LMAO, BE CAUTIOUS!!!

This is interesting info. Exactly due to this reason I ve asked for revenue data first.

LMAO, this owner is urgent to sell cheap apps and website to you with very overpriced price.

I have tried this site on April 1st, had very bad experience there. The worst gamble site I have tried.

1. Buggy PC client, I downloaded and tried to registered, but failed, so there was a bug. Proof: https://bitcointalksearch.org/topic/m.10946412  That thread is self-moderated, if you can't see my post there, it must be deleted by OP.
2. There were a few users there, less than 5, when I logged in, it just showed me and admin were online, in 3 hours, I saw the other player.
3. I registered many poker tours, but they were all cancelled, the reason was: at least 5 players in a freeroll. But you just have pathetic 3 players, you still didn't wanna us play?

IMO. With such a tiny traffic and no profit site, your site is worth less than 3 BTC. But not worth 3000btc. You just day dreaming it is worth 3K btc?

OP is incompetent to manage this site, including marketing, develop a non-bug app, that's why he sold the site so high price to you, which is a no traffic gambling site.

Don't be fooled by him, guys, you can see his site announcement, https://bitcointalksearch.org/topic/pm-poker-excellent-reward-system-instant-withdrawal-true-vegas-style-poker-931881  Posted on January 21, 2015, but only 2 pages replies, and most of the replies were made by him.

I'm not sure the default position should be milli-micro bits at this point rather than full quantities of bitcoin revenue tab as the prognosis. Lots can happen with stakes in the unknown or more than that.

Looking only at Ring games possibility, we anticipate starting with 9 tables after 90 days.  With an expected growth rate of 5% per month, this would bring our total table count to 45 by the 36th month.  Although Bitcoin poker has a much reduced market share than major fiat poker sites, this would represent 0.5% of their market.

Across all tables, we estimate an total average rake of 0.74 m฿, with a target of 35 raked hands per hour.  With these numbers in mind, our income in the first 18 months would be 4,372,000 m฿, which would yeild 131.18% ROI and 14,385,000 m฿ over 36 months (431.55% ROI). Even if we fall short by 30%, we would yield 302.08%.

We also offer other games that should increase the overall revenue stream, but our primary focus for achieving success for our investors is Ring games.

We also acquired all rights to BingoGold.com software and customer base, which was one of the top bingo sites in the mid 00’s before the market crash.  With their 20K customer base, we hope to recruit 0.5% to our software.  By incorporating their games, we should easily add an additional 500,000 m฿ annually.

We have two traditional Bitcoin lotteries (NOT DICE) with Provably Fair outcome on drawings.  Unlike government lotteries, we offer true Pari-Mutuel prizes with no annuity payments.  5:55 Lotto has a starting guarantee jackpot of 10,000 m฿ with a 1.12% risk factor to our company.  We maintain a 5% carry-over on all prize pools to reduce future risk, and should back-to-back jackpot wins occur, the secondary jackpot will have the needed funds for another guaranteed jackpot.

We appreciate your time in reviewing our posts.

The OP has a good operation going on and has stated many great things to come if folks buy in at this point. It's on those investors to see what they're getting themselves into. The only issue is whether those prognostics will hold up in this business or as time goes by.

Can you support this 300% ROI claim with some actual revenue data? PM s fine if you do not feel like disclosing this in public.

Actually, we believe this valuation is low, and given the potential of our software (which is more then just poker) the ROI could easily reach 300%.

When you make the statement on a website, this is misleading.  You are putting us in the same category as a mom and pop selling candles and asking for $1M. 
This is the primary reason we must seek accredited investors, so that everyone has a full understanding of the project.  Even though we are a Costa Rica Corporation, we still have to follow all the rules of accredited and non-accredited investors.

Regarding the 35 raked hands per table/h:

Thy, are right about the 60-90 hands/h statement; however understand that even with this type of play volume that only 45% of the hands played physically take rake from the pot.

A 6 player max table may have more rakes then a full 10 player table because play tends to be looser, and may actually rake more.  The numbers we used is based on our prior experience in the gaming industry.

We know that just seat changes will not make us a success, however true ring poker players will like this feature.  Tournament player that play in events such as WSOP will like that our software for the realistic feel of an event.  We have optimized rebalancing where 99% of the time table one will be the final table, we only allow wagering in chip units at the table, and race off (color-up) lower denomination chips when no longer required in game play. 

฿500 tournament is not something we are doing instantly, and as “asuryan180” stated the number of Bitcoin poker player is substantially lower then fiat players.  But even so, other Bitcoin poker sites currently do not have the understanding or capability to hand that kind of load.  Our small group has over 120 years experience, and our QA has already tested up to 15K connections, but that is not all that must be considered, the ability to keep up with hand play and with our customized algorithms we are able to evaluate 6M hands per second (250,000 players/s).

“AT101ET and ChefRamsay” we apologize for the delay in responding to your post.


Valuation of the shares is based on our projection over three years, with the expectation of 100% ROI within 18 months, which we posted in PM Poker, S.A. Potential Revenue below.

As for this project, this is a new project and therefore we have no past share payout.

This does seem a big time pricey. Again I do not know the actual revenues of this website but 195 BTC for 5% means u actually value the website $865 000.

That s a lot of money.

You are talking to him like he does not understand what the poker world requires of him  80% of guys that start poker sites have a lot more poker experience than you could possibly imagine.

You need to keep up with the times bro, seals with clubs was not exactly big with 150+players logged in on a good day and that may have stopped but a couple of weeks later SWC took it's place and that has basically the same traffic as before.

500bitcoin tournaments are not happening until you are established with traffic the same as betcoin, unlikely at this point but that does not mean it can't be successful and that 25btc tournaments are small etc

Post above you can't use a ipoker tournament freeroll as an example    There is not 50,000 people within bitcoin poker! The buy in price of such a tournament would be 1-2btc which would only need 250-500 players, doable after established but again, start small think big. 25btc-50btc games are nice and once they go over the pot you increase the gtd etc.

I will take a look at cryptostocks!

 

There is certainly a market to fill after the big bitcoin poker site sealswithclubs was stopped some months ago, if other companys can get a piece of the pie before they have restrutured in full force at a more bitcoinfriendly country than USA. Can PM poker be one of such companys, who knows, the better handling of seatchanges is a good ide you have but that alone wount bring in thousends of players to the site.
You mention 35 raked hands per table/h in your calculations, that is a very slow pace if for limit/playlimit/nolimit holdem, in the fiat poker world you usually see paces of 60-90hands/h on full ring(9-10 players) tables and even faster at smaller tables, is there some limitations in your software making the play slower or do bitcoin players in general have slower connections or be more inexperienced than fiat poker players and therefore explain the slower pace ?
You also talk about a 500 btc tournament that would of course be amazing would be like the pokerstars sunday tournaments in the past when people from all countrys was allowed to play on the same site.
But for such tournament to work you would either need a lot of action on the site if other ring games and tournaments should partly sponsor that event or you would need a entry fee that resonably matches the price pool. If you had for example 50 000+ people playing the tournament like the biggest ipoker freeroll tournament draw in the past an entry fee of 0.01 btc would ruffly support the price pool and im sure a lot of player would give it a try for a chance at getting up to 25 000 times the money back even if they wouldent end up in the money(usually the top 10% or so) consistantly.

Kind of what I was wondering. The projections look really good but you know how things are in this subforum and what the past has brought. That's all I'm saying.

How exactly are you valuating the shares?
Do you have proof of past share pay outs?

Our new software release is completed and out there for download, should you wish to see.

PM Poker has scheduled our new release for March 31st or April 1st depending on server upgrade.

We are seeking to have a small advertising push for April and May, with some nice tournament offers.  Giving the marketing and the give-aways we like to raise BTC10 -BTC15 for this push.  Accredited investors would be great, but we could also structure this as a loan.

Please send us a message if your are interested.

PM Poker, S.A. Potential Revenue

Poker Revenue

Ring Games

PM Poker estimates it will manage 10 to 20 tables within the first year of its operations with 35 raked hands per hour and an average rake per hand of ฿0.00046.  Therefore, within the first year, PM Poker plans to generate approximately ฿2,000.00 conservatively.

With this in mind, PM Poker plans to generate a 6.0% growth rate per month during the first three years of operation.  Subsequently, PM Poker should expect to generate estimated gross revenue of ฿6,000.00 in the third year of operations, and will have managed at least 50 tables.  Total 3 year gross revenue is ฿11,000.00 for ring games.

Tournament Play

PM Poker anticipates reaching an average of 150 tournament players within the first year, with a conservative growth rate of 1.25% per month thereafter.  Accordingly, PM Poker should expect estimated gross revenue of ฿750.00 during the first year of operation, while managing an average of 35 tournaments per day.  PM Poker should also expect the number of daily tournaments to grow substantially as players request more and higher paying tournaments..

World's Largest Poker Tournament

Additionally, within the next year we will be promoting our "World's Largest Poker Tournament", in an effort to drive the greatest number of online players to PM Poker.  In order to attract the largest volume of players possible, this tournament will have a minimal entry fee (if not free) to all participants, with a guaranteed first prize of ฿250 and overall prizes totaling ฿500, depending on the number of entrants.  As a result, PM Poker will acquire an attainable player base within our first year, and the potential future revenue received from these players will more than offset the expense.

Secondary Income

In addition to Ring Games and Tournament Play, PM Poker will also have the ability to generate additional revenue through “sit and go” tournaments, as well as the sale of “branded” on-line merchandise, such as t-shirts, hats, bags.

Poker Summary

By factoring the combination of Ring Games, Tournament Play and secondary income opportunities, PM Poker should anticipate gross sales of ฿3,500.00 by the end of the first year of operations, and ฿20,000.00 during of the third year of operations.  Therefore, PM Poker plans to achieve estimated overall gross revenue of ฿35,000.00 for all three years of operations combined.

PM Poker expects 40% expense over the three years for advertising and administrative expense.  With this in mind, PM Poker overall Net revenue estimate is ฿21,000.00 for all three years of operations.


Lottery Revenue

5:55 LOTTO

PM Poker offers a daily 5:55 LOTTO that absolutely has best lottery odds of any lottery game.  A player picks five lucky numbers from 1 to 55, or may play randomly generated numbers with Quick Picks.  5:55 LOTTO offers the best odds on winning, with winning picks only requiring one matching number to win. Picks with more winning numbers pay increasingly higher, depending on the combinations.  All payouts are Pari-Mutuel.

Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination.  Each winning combination accumulates funds in a separate pool until won.  The jackpot is won by matching all five numbers.  The overall odds of winning a prize in 5:55 LOTTO is approximately 1 in 2.56.

With drawings held daily at 5:55pm UTC, low entry fee of ฿0.00055 (0.55 mBTC), and the high payback ratio, we believe the number of picks could reach up to 15,000 per drawing.  With 20% withheld for expenses, and 25% going to charity, 5:55 LOTTO has the potential to net PM Poker ฿445.50 annual income.

Quinto BTC Lottery

Quinto BTC Lottery (“Quinto”) is the most exceptional, innovated Bitcoin lottery available.  Unlike most traditional number-based lotteries, Quinto players select their picks based on a standard deck of cards. Player chooses 5 cards, and wins are determined by both the number of matching cards, as well as their position in the pick itself.

The object of Quinto is to match your picks with the game draw.  Prizes are based on how many matching cards, and how many are in the correct position.  This allows Quinto to offer 18 ways to win (including Jackpot).  There are two distinct payout types: Fixed and Pari-Mutuel.

Fixed payouts have guaranteed payout amounts, whereas Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination.  Each winning combination accumulates funds in separate pool until won.  The overall odds of winning a prize in Quinto are approximately 1 in 7.39.

Quinto drawings are held on the 5, 10, 15, 20, 25, and 30th of every month (expect February) at 11:00pm UTC, the entry fee is ฿0.001 (1.00 mBTC), and with the potential jackpot reaching over 10 Million mBTC, we believe the number of picks could deliver up to 125,000 per drawing.  With 20% withheld for expenses, and 25% going to charity, Quinto would net PM Poker ฿1,331.25 annual income.

Scratchers

Scratch tickets are a very popular lottery game due to their potential for an instant win, as opposed to waiting for the next lottery drawing.  PM Poker offers a unique twist to traditional lottery tickets. Several of our scratch tickets are guaranteed to win every time, with a 25% minimum return on each ticket.

Like most scratch tickets, you must match three like symbols to win, but we do not stop there.  The more matching symbols on a ticket the more you win. If all six symbols match, you win 1000 times the amount shown.

At present, we are uncertain as to the amount of play scratchers can generate, but given the known popularity of scratch tickets in the “real world”, we anticipate the combined total of both 5:55 LOTTO and Quinto to equal the net revenue for scratchers.

Bingo Revenue

Over the next few months, PM Poker will convert all BingoGold games to accept Bitcoin. BingoGold games are very successful and already have a huge following. By converting these game to Bitcoin, we open up a revenue stream from both past and future bingo players.

Three-Up Bingo

Three Up bingo is a fast-paced poker style bingo game using 3 numbers on a card from 1 to 60. The major difference in Three Up bingo is the payout, where players use poker chips to cover numbers. When a player covers a number on their card, the overall payout drops. Therefore, the faster the win, the larger the payout. The amount won is determined by the number of poker chips not in play from all the players.

Additionally, Three Up Bingo offers jackpot prizes for covering all three numbers on a card within 3 numbers called. There is also a traditional Bonus Ball jackpot, which is won if player wins bingo on the specific Bonus Ball.

Three Up Bingo’s goal is to average 100 cards in play per game, with each game lasting approximately 2 minutes. With those figures in mind, Three Up Bingo could potentially generate annual revenue of ฿775.00.

Pull-Tabs

Pull-Tabs can be found in most bingo establishments to pass the time between games or during session breaks. Pull-Tabs will be another project brought over from BingoGold because of its huge popularity. Pull-Tabs offer multi-way winners and multiple winning combinations.

At present, we are uncertain as to the amount of play pull-tabs can generate. However, in regard to their performance at BingoGold, pull-tab revenue has generated a 5 to 1 ratio to bingo revenue.

Tell of the profits that will be awarded on this venture. It is interesting.

Today PM Poker completed 2FA for email changes, withdrawals, and transfer for player protection should they desire.

Lotto 5:55 and Quinto can now support unlimited purchases on a ticket, although we have capped them at 5000 picks.

We are in the final stages of our QA testing, and should have smooth release by April 1, 2015.

If you have any question please send us a message, and we will answer promptly.

We have completed our testing on a fully automated deposit/withdrawal system.

Incoming deposits will post to a player deposit history within seconds as pending, and deposit is credited to player after one confirmation.
Withdrawals are frozen until six confirmation from last deposit.

Withdrawals are fully automated and posted to a players wallet instantly.

PM Poker is proud to introduce a new style of online poker.  While there are always new poker sites popping up, they all tend to use the same underlying software.  The issue is poker software is very complicated, and many developers take the easy way out, resulting in many noticeable flaws and deviance from actual live poker play.

Our software has been under dedicated development for years, and therefore is not just “copycat” online poker software.  Many online players have never experienced the pleasure of playing live poker, and when they experience live poker for the first time, the difference in play is often confusing.  Online poker software does not mimic real poker action, and this is why we offer “True Vegas Style Poker”™.

There are really only two types of play: Ring Game and Tournament play (this includes Sit & Go’s).  We will explain how PM Poker differentiates itself from the other sites.

Ring Games

When you walk into a poker room in Vegas as a player, you can't randomly sit down at any table you want, nor are you permitted to pick up your chips at one table and move to another table on your own.  When entering a poker room, you must sign in and tell the poker manager (or “HOST”) the game you are interested in playing.

Many poker rooms have what they call “main tables” and “must-move tables”.  A must-move table is a secondary table where players can play, but will be forced to move to a main table when seats open.  This system keeps the main tables as full as possible for optimal play. 

When playing at a table, a player may believe their seat is unlucky, or they may not like sitting next to a particular player, and will ask the dealer for a seat change.  These requests are fulfilled in the order of players requesting, and when possible to do so.  Players may also request a table change from the HOST if they simply don’t like the action at their table.

These are just a few examples of poker etiquette that take place in real poker rooms, and yet they're forgotten and/or abandoned in most online games.  We are offering the real poker experience at PM Poker, where a player selects the type of game they want without hunting down a table.  A player will most likely be seated at a must-move table (unless player volume is low), and will be moved based on “first in, first out”.  We have a maximum of two must-move tables, and should a third must-move table be required, the oldest must-move table will become a main game table.

At other poker sites, seat change requests seem nonexistent. The “Sit Here” function these sites use is not a seat change; it merely rotates the view and gives the player the impression of changing seats.  If a player wants a different seat they must cash-out from the table and then rejoin and pick a different seat, if there is one still available after the cash-out. Many players choose not to do this, because it requires leaving their table, then trying to rejoin that table, join another table, or being placed on a waiting list. 

At PM Poker, we offer actual seat changes whereby a player can request a specific seat, or any seat that becomes available.  We also offer a “Sit Here” feature, which rotates the table view to the player's preference.

Many online poker sites will allow a player to leave (cash out) and return to the table with fewer funds, thereby removing money from the table. A good poker room HOST will not allow this to happen.  If a player cashes out from their table, they must buy back in for the same amount they cashed out for up to one hour.  PM Poker software also does this by enforces a buy-in requirement for a period of one hour, should a player leave and come back (only within the same game variant and stakes).

Real poker rooms have a minimum chip unit at the table (mostly $1 chip minimum) and tend to never have games using smaller denominations.  When betting, a player cannot wager in units less than the minimum chip. This is where online poker differentiates itself by allowing much smaller units, and not necessarily for the better. There are a few problems with this, starting with collusion. Unscrupulous players may use odd betting amounts to inform their accomplices at the table.  By maintaining the integrity of real poker rooms, we automatically discourage negative poker play and poor betting practices.

The “Rake” is the house fee taken from the pot, based on a percentage of the pot. Commonly, this is 10% with a cap of $3 - $5, depending on the poker room.  Since the rake is taken using a physical chip in a poker room, the house tends not to rake until the minimum chip unit is passed.  In other words, they don't take “fractions” of a chip. Online poker rooms may offer lower rake percentages, but these are extremely misleading since they will rake in $0.01 units and thereby increasing the house's take of the pot. 

PM Poker software is designed to mimic the advantages of using actual physical chips at the table.  Betting must be based on the minimum chip at the table.  For example, in $0.25/$0.50 No Limit Hold’em, the smallest chip in the game is $0.25.  We also offer a 5% rake with a cap of a large blind, and we only rake based on the minimum chip.  Here is an easy example of a 5% rake using $0.01 raking:

Game pot is $3.25 * 5% (rake) = $0.16, whereas using a physical chip unit of $0.25 would rake $0.00.

We believe this provides much more fairness to the players, especially with smaller pots, and keeps player balances always within the minimum chip units.

Tournament Games

A poker tournament is a scheduled poker event involving a number of players with a specific number of tournament chips.  Tournament chips do not represent real money, but are instead similar to “play money”.  Just like Ring Games, there is a minimum chip unit used and is the same at all tables in the tournament.  As play continues, the minimum chip unit can also increase when the smaller denominations become unnecessary.  This process is called coloring up and done on regular intervals.
 
Seating in a tournament should be random, and many poker rooms now implement a ticketing system to ensure fairness.

PM Poker follows the standard tournament rules, and makes sure the seating of players is completely random.  We also only allow betting based on the minimum chip unit within the tournament.  Like real poker tournaments, once a smaller chip is no longer needed, our software will do the coloring up process.

One of the most difficult jobs of a tournament HOST is to maintain table equality within the tournament.  To move a player fairly, the HOST looks at the dealer (button) position in which a table requires a player, and selects a player from a higher table number equal to the distance from the button, or best moving outcome for the moving player.

Many online sites ignore this complexity and just shuffle players randomly about.  PM Poker takes the time to move players based on the button position if possible, and from a higher table if possible.  We always try to collapse tables from highest to lowest, so that table #1 should always be the final table.  This makes for better tournament play when you know the final table.

We also do the traditional online break on all tournament tables at 55 minutes past the hour.  At that time, all tournament level timers are stopped for a 5 minute break.  Players will not lose time on a level because of a break.

Sit & Go Games

Sit & Go games are non-scheduled events and begin immediately once the number of qualified players for a table is met.  Our software will not seat two players known for colluding in the same game.

All other Sit & Go play is the same as the Tournament Games.

Legal

Neither the Securities and Exchange Commission (USA) nor any state or governmental securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.

We intend to use the net proceeds from the sales of Shares and/or Bonds to provide additional funds for our operations and for other general corporate purposes.

Some statements contained in this document or incorporated by reference into this document are forward looking and involve uncertainties that could significantly impact results. The words “believes,” “expects,” “estimates,” “anticipates,” “will be” and similar words or expressions identify forward-looking statements made on behalf of PM Poker, S.A. a Costa Rica Corporation.

You should be aware that this investments has a risk of losing your capital.  The amount of risk varies with each type of investment but in the very worst case scenario this can mean all of your capital is lost.  If your attitude to risk is that you are not prepared to take any risks with your capital you should instead consider investing in a guaranteed return investment.

The term "True Vegas Style Poker" is a slogan mark, PM Poker, 5:55 LOTTO, Quinto, Quinto BTC, and Quinto BTC Lottery are all trademarks of PM Poker, S.A.  and can not be used without the direct written permission from PM Poker, S.A.