Topic: Re: [LTC-GLOBAL] - ART - building a open art studio [week 32] - page 6. (Read 15481 times)

First, let me post some of that kiln pr0n I promised.
The first one is a is a mid size (60 L or 2.118 cubic foot) kiln, that gets us moving forward and start offering custom ceramics firing service to local hobby artists. Good news is, I have some potential clients lined up already so all we need now is this kiln to arrive.   
Sorry, this is just a catalog image.


and if you open a lid...


When it arrives and is all set up and ready to go, I'll post some "real" images.

(From http://forum.litecoin.net/index.php/topic,980.msg5879.html#msg5879)

Thank you for your support.
The whole idea of dividends has somehow got warped in BTC/LTC community. 
Dividend is not something that gets paid directly from revenue (In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. )
Yes, there are trust issues in btc/ltc community and this is probably the main cause, why revenue gets distributed to share holders ASAP. I can see how this works in mining Co's  where "produced product" (LTC or BTC) is distributed on weekly bases and some is kept as reserve.
There are Co's that raised coin for project X and before this project has earned a single penny, they start paying divs from coin raised in IPO. I am talking about equity (shares) and not about debt (bond, loan).
Sure, I love to receive something back ASAP but will this actually increase the value of the Co and it's shares I hold? The short answer is: "No, no at all"

Let me me attempt to clarify what is happening with a simple example. NB! We are talking about equity (stock) and not about debt (bond etc)!
Lets say that You and I have decided to start a project and we need 100 coins to buy equipment and hire some experts to do something. As a result of this, we have a product we sell and finally we make some profit (total income minus total expenses). 
Now, when the coin is raised, we have 100 coins and we can say, that this is the equity we have to work with to achieve our goal.  For simplicity, lets forget all the other mumbo-jumbo, that can be used to increase the value of this Co on paper.

Right. What happens, if you and I pay ourselves a 2 coin dividend BEFORE we have invested the coin to equipment  and into all the other stuff, we need to produce a final product, sell it and hopefully make profit? 
We had 100 to work with, now we have 100-2=98 
As you can see, we have decreased our Co value before we have even really started. Our starting capital is lower of what we needed in the first place. 

What has happened in BTC/LTC community, is that people have mixed up how debt and equity investments work and this keeps causing confusion.
If ART was a bond (basically a loan with a huge payment at the end), then monthly payment to bond holders, no matter what really happened, is expected and fixed for the duration of that loan.
This is why a typical bonds are categorized as a "fixed income" investments -  you are guaranteed a fixed size payment in regular intervals.

Every time we take money from ART, and send it back to us (we, the share holders), ART has lost a tiny part of it's value buy giving up a portion of it's start up capital that was raised for acquiring equipment to build a business.

Sorry, my answer got a bit longer than I expected but I hope this answers your question.

Where exactly is this, anyway?

Hi, posted some numbers to http://forum.litecoin.net/index.php/topic,980.msg5730.html#msg5730

Now, to more exiting news.
I received the offers for the equipment and we are going to make a decision tomorrow 15.01.2013.

First order is for a mid size high-fire electric kiln.
This 5kW puppy runs on 400V and 10A and has a top temperature 1320°C (2408 of of those °F thingies). BTW, liquid lava is only 700-1200°C. We will be working mostly at 1285-1295°C and sometimes above (top temp. for the firing session)
This is a German built kiln with a fancy controller - this is exactly what is needed
I have several offers. When we have selected the final model/seller, I'll post some kiln pr0n for your pleasure.

See you at https://www.litecoinglobal.com/security/ART

We are moving forward.
Customer is currently rebuilding his workshop and hopefully I know soon (days), what model I have to order (it's up to ventilation and wiring spec).
After that, I'll have the numbers ready  - rented what and for how much.
Equipment will arrive in about 4 weeks from the day of ordering. I'll try to speed this up unless it will cost us extra.

Hi
Little update for ya'll.
The extended holiday is over and I had 2 meetings today.
#1 One of the key persons was missing so no decision was made. We are going to continue next week and hopefully we can close the deal for good.
#2 I was in contact with another small shop today and we are going to meet next week (week 02). This is my backup plan

Cheers!

Div is going out today, at 18:55 GMT

Good news: 50K shares are sold.

https://www.litecoinglobal.com/security/ART


Thank you for supporting the project. Enjoy your holidays and be nice to a random person.

I had a very promising meeting today with few local artists. We are going to meet again in about 2 weeks and if everything works out, I am going to order the required hardware and sign up our first first client.

Cheers!

PS! Sorry for the trolls, we got here.

EDIT:February 11
Looks like some of the garbage got removed from this thread. Thank you.
Please disregard the following:

I guess even the crickets had to shut up, all embarrassed, when The Augustocroppo was done with his posting

This rubbish, you two have compiled, in all seriousness probably, is almost priceless. I was laughing so hard, that I had tears in my eyes.
Good job, you two. My wife never really cares for this crap here but we both laughed until it started to hurt.

Yours truly, Tundmatu Sõdur

PS! Maybe you 3 trolls can put your ugly heads together and start a comedy club? I am not sure I'll laugh with you, but sure as hell, I'll be laughing at you. If comedy is not your passion, let Mircea Popescu's PR clown prance like a retard and you two bozos can sing on the background... or something like that.

Job well done lads. LOL

crickets chirping...

This question rests on some presumptions that are squarely outside the intellectual purvey of your average BTC entrepreneur (which EskimoBob isn't by a long shot). As far as most everyone is concerned, company funds = own pocket.

What I find most entertaining about this is that given six months you will not be able to substantially distinguish him from usagi.

Yeah - someone definitely likes your project.  Congrats.

The one huge trade picked up 42915 shares so we only have 6026 shares left from the fist patch of 50K shares.

Time to start ordering the equipment.

YESS! We are moving on!

I have to pay those form my own pocket for now. Obviously I can not nor do I plan to do this forever.
This is why getting the coin together and ordering the equipment is really important. But hey, this is only the first week.

Is this dividend being paid out of company funds or from your own pocket?

If from company funds then don't you need to pass a motion to change the contract?  That's why shares have voting rights - moment you start selling shares you lose the right to change things yourself without shareholder approval.

If from your own pocket then obviously it's a generous gesture - and needs no contract change.

Oh, I am sorry dear, I did not notice your post at all. Sorry, that you feelings got hurt and I didn't hear your angry squealing at the first time. Blame the ignore list, you so desperately cling on to.

Your question is actually not hard at all. I am going to leave out the crap, you always wrap your "questions" in to, so here we go.  

Sure they can. Regular income statements will show, what is going on.
At at current stage, only point of failure is the IPO itself. If we do not raise any meaningful sum of coin, there is no point to continue. I have to look for other means to finance this project. Coin will be returned and I will move on, no matter what and complete the workshop and get on with this business. I am sure, that this is not the outcome and you all can be part of something truly different and wonderful. So, lets make it happen!  
This is a completely unique project for LTC/BTC community to participate in. It has nothing to do with mining, computers, networks etc. This is a perfect project to actually show, that LTC (or BTC) has serious real life use in areas, that have nothing to do with "digital/virtual/pc/cpu/gpu..." related goods and services. When the equipment is ordered, we are going to open up a shop and LTC/BTC will be advertised and payment methods. As you see, the target group is something completely different. And this is really good news for any coin involved.

Speak for yourself, angry old women.   Thankfully, your limited understanding of how Co's operate in the real world is not contagious. At least I hope not! Same applies to that pompous attitude of yours. I really have to work hard here, not to tell you to just "fuck off troll-girl, next question please" and move on.

Answer to your question is actually here: https://bitcointalksearch.org/topic/m.1393420
You have to understand that this is not a project where coin is channeled to some real life scam, promising huge returns.
This is a long term project that needs the support of the community. I have other plans too and piss that all away, over few thousand EUR, is beyond retarded.

One more thing. MPOE-PR, I ask you nicely to move on and find another thread for you to troll. You have nothing of value to contribute to this conversation, you are never going to invest in to this project and your arrogant whining has lost all it entertainment value long time ago. Go and try to evolve and learn how to behave. BTW, lets not forget that your get paid for trolling the forums here. (you call it PR... LOL!)

Good riddance fluffygrrl.

I've noticed you've conveniently eschewed the hard questions in order to dedicate a dozen lines to the meaningless drivel of usagi. Well done, but still,


 just you.

Usagi, get a dictionary and look up words like "libel" and "slander". This is what you are doing, Oliver. 
I think you have more important thing to do than whine here. You managed to piss away about 7-8000? BTC of investors money - go clean up that mess for start. And I have not forgotten how you deleted over 1000 forum posts   Good bye!

And now, the important message of the day is:

Honestly, just ignore him!
Thank you.