Post
Topic
Board Securities
Re: [HAVELOCK] DIRECT FUND Mining Contract Offer Starts Monday August 10th!
by
suchmoon
on 25/08/2015, 17:22:46 UTC
Initial Offering

The initial offering will be available for fourteen days. All units of the initial 1,000,000 block must be purchased in order for the contract to be initialized. If the initial offering is unsuccessful (the full 1,000,000 units are not sold out), funds paid for these units will be returned to the purchasers and the contracts will be null and void.

The more I read this the more confusing it gets. If the offering was unsuccessful - which it was as today is the 25th - and everyone got refunded, who's trading those shares on Havelock and why is trading enabled at all? I have a feeling that the terms got ninja-edited at some point so please at least post the newest version somewhere.

What a shitshow, no wonder the "Top-Tier Mining Organization" didn't want their name mentioned in this.