Topic: SANDSTORM: - A Collective Investment Vehicle for BTC. - - page 18. (Read 35774 times)
Yeah, unfortunately they have to now resort to forum posts instead of listing an asset on GLBSE.
"weekly dividends of at least 1% of the capital gathered from public offerings"
Dividends drawn from the capital of later investors? That sounds really familiar. Isn't there a name for this kind of scheme?
Dividends drawn from the capital of later investors? That sounds really familiar. Isn't there a name for this kind of scheme?
SCAMSTORM 
- Your red color is fitting!
You only started posting on May 2013.
What Websites Can You Spend Bitcoins On?
> silk road and spendbitcoins.com
Binding auction
> auction cancelled sorry
> invests in BFL hardware
Quality forum posts:
"blockchain"
"doubt it"
"Getting my newb count up Cheesy"
Free Credit Report from TradeFortress
- Your red color is fitting!You only started posting on May 2013.
What Websites Can You Spend Bitcoins On?
> silk road and spendbitcoins.com
Binding auction
> auction cancelled sorry
> invests in BFL hardware
Quality forum posts:
"blockchain"
"doubt it"
"Getting my newb count up Cheesy"
Free Credit Report from TradeFortress
The plan is to get approval onto an exchange. However, until that happens you can buy shares directly and i’ll keep track of them on a spreadsheet. If Sandstorm is accepted on an exchange, shares will be transferred onto there
Consider Sandstorm launched and this the beginning of the IPO!
Consider Sandstorm launched and this the beginning of the IPO!
SUMMARY:
Sandstorm is a collective investment vehicle that strives to maximize the potential of BTCʼs that are invested in it. Sandstorm will use sophisticated investment strategies to ensure that the goals are met and the company grows into a mature entity within the BTC community.
DESCRIPTION:
The creator of Sandstorm has been creating wealth through BTC related activities for a long time. This company is simply an extension of these activities. The primary focus of Sandstorm is long term wealth creation. This wealth will be fairly distributed among shareholders. Sandstorm plans to invest BTC in the smartest way possible to maximize profits to investors. Profits will be used to rewards shareholders and grow the company. BTC related activities will be analyzed for their potential as a long or short term investment.
CONTRACT
Sandstorm's Goals:
-Release weekly dividends of at least 1% of the capital gathered from public offerings. This dividend will come from trades and investments undertaken by Sandstorm
-Achieve consistent growth in value, share price and dividends
Plan:
The plan is to start small with an IPO of 100,000 shares. These will be priced at .001BTC each, raising 100BTC capital.
Capital will be invested in reliably profitable BTC related elements.
Profit from each week will be distributed through weekly dividends every Friday. Weekly profits exceeding 1% of the capital from public offerings will be
divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism.
Once the company has reached a mature stage, where the abilities of the company have been proven, further public offerings will be issued to raise further capital.
There will no more than 1,000,000 shares issued in the long term. It is unlikely that this many will be issued.
This is a long term collective investment vehicle which will be operational for as long as management is able and BTC exists.
Investments:
Shareholder funds will only be invested in things related to BTC:
-Investing in other virtual securities
-Buying and selling other virtual securities
-Mining operations (unlikely)
-BTC/USD trading (small amounts due to high risk)
-Alternative currency trading (very small amounts due to high risk)
If Sandstorm can't continue:
Shareholders will be fully informed and a suitable replacement for management will be sought after. If this attempt is unsuccessful, all remaining assets from the last weekly report will be liquidated and distributed to shareholders at a per unit basis.
Assurances:
Subsequent shares will not be issued without a majority vote.
Investments will only be of the nature as described above.
The unit issuing structure will not be changed.
The creator is in this for the long term and will not give up.
This collective investment vehicle will be managed every day.
PRODUCT:
A product that aims maximizes returns on BTC without the associated stress and time consumption of trading/investing within the BTC economy.
ORGANIZATION:
Joshua Mutch is the sole operator of Sandstorm at this time and will make decision regarding all investment activities within the boundaries of what is specified above. Any other decision regarding changes to the company will require a majority vote from shareholders. Joshua Mutch has a comprehensive background in economics and the Australian Stock Exchange.
FINANCIALS:
The financials of Sandstorm will be updated and released weekly after dividends have been distributed on Fridays. This will offer transparency to shareholders and potential investors. https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
Sandstorm is a collective investment vehicle that strives to maximize the potential of BTCʼs that are invested in it. Sandstorm will use sophisticated investment strategies to ensure that the goals are met and the company grows into a mature entity within the BTC community.
DESCRIPTION:
The creator of Sandstorm has been creating wealth through BTC related activities for a long time. This company is simply an extension of these activities. The primary focus of Sandstorm is long term wealth creation. This wealth will be fairly distributed among shareholders. Sandstorm plans to invest BTC in the smartest way possible to maximize profits to investors. Profits will be used to rewards shareholders and grow the company. BTC related activities will be analyzed for their potential as a long or short term investment.
CONTRACT
Sandstorm's Goals:
-Release weekly dividends of at least 1% of the capital gathered from public offerings. This dividend will come from trades and investments undertaken by Sandstorm
-Achieve consistent growth in value, share price and dividends
Plan:
The plan is to start small with an IPO of 100,000 shares. These will be priced at .001BTC each, raising 100BTC capital.
Capital will be invested in reliably profitable BTC related elements.
Profit from each week will be distributed through weekly dividends every Friday. Weekly profits exceeding 1% of the capital from public offerings will be
divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism.
Once the company has reached a mature stage, where the abilities of the company have been proven, further public offerings will be issued to raise further capital.
There will no more than 1,000,000 shares issued in the long term. It is unlikely that this many will be issued.
This is a long term collective investment vehicle which will be operational for as long as management is able and BTC exists.
Investments:
Shareholder funds will only be invested in things related to BTC:
-Investing in other virtual securities
-Buying and selling other virtual securities
-Mining operations (unlikely)
-BTC/USD trading (small amounts due to high risk)
-Alternative currency trading (very small amounts due to high risk)
If Sandstorm can't continue:
Shareholders will be fully informed and a suitable replacement for management will be sought after. If this attempt is unsuccessful, all remaining assets from the last weekly report will be liquidated and distributed to shareholders at a per unit basis.
Assurances:
Subsequent shares will not be issued without a majority vote.
Investments will only be of the nature as described above.
The unit issuing structure will not be changed.
The creator is in this for the long term and will not give up.
This collective investment vehicle will be managed every day.
PRODUCT:
A product that aims maximizes returns on BTC without the associated stress and time consumption of trading/investing within the BTC economy.
ORGANIZATION:
Joshua Mutch is the sole operator of Sandstorm at this time and will make decision regarding all investment activities within the boundaries of what is specified above. Any other decision regarding changes to the company will require a majority vote from shareholders. Joshua Mutch has a comprehensive background in economics and the Australian Stock Exchange.
FINANCIALS:
The financials of Sandstorm will be updated and released weekly after dividends have been distributed on Fridays. This will offer transparency to shareholders and potential investors. https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
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