Hey Neotrix,
I am kind of curious about it being in HongKong.
My understanding is that eCurrency is illegal in China and HongKong?
The actual adress in Hong kong is Esecurity Sa adress so nothing illegal as Esecurity SA is registered in Belize. As said in contract Project is actually under Esecurity SA but will be moved to its own company soon. I'm actually talking with my lawers in order to find the best country where I will register the new company dedicated to crypto-trade.
Couple of quick questions.
1. You refer to 2 managers. I assume you're one - who are the other 2?
2. What happens as far as dividends and voting are concerned whilst only some shares are sold? If those are allocated as though all shares had been sold then it would be impossible to pass any motion until at least 25001 shares had been sold - making it impossible to function at all. Really you should issue 100,000 shares on ONE platform and take 50k yourself (or split with other managers) with a contractual obligation to abstain on votes with your shares if you don't intend to vote. Then dividends would scale properly with sales - and vote would be possible from the start. Sales on other platforms would then be pass-throughs where you'd end the votes ahead of on main platform and proxy the votes in.
Selling different batches of same company on different platforms sounds great until a problem arises. There's various issues that could cause controversy - e.g. exchange-rate conversions meaning sales on a platform actually occurred at the 'wrong' price, failure/hacking of one platform with loss of funds (do investors on other platforms have to take losses made on a platform shares weren't even for sale on when they invested?)
I think 10k+ BTC is a big ask for a website without any customers yet : to get any sort of trade justifying that you're going to need pretty good systems for depositing/withdrawing fiat (the BTC/USD and BTC/EUR pairs would have to generate bulk of trade - as there just isn't enough market cap in the alt currencies to generate profits justifying the price tag). What deposit/wihtdrawal methods are you intending to strat with? Do you intend to require AML/KYC information from anyone depositing or withdrawing fiat? Quick calculations show that to pay even 10% dividends per year you'd need to be handling a fair few million USD/EUR in deposits/withdrawals - that's the sort of size of transaction that it's hard to slide under the radar in most countries.
1. In fact I said 3, Me, the other shareholder of Esecurity (my main partner on online business since 6 or 7 years) and the the main programmer (which manage the team of programmers working on this project), someone working with me since years who have my full trust and like my partner in koddos, I know him personnaly.
2. In case of motion when not all shares are sold I planned simply to make the vote according ratio of number of shares sold. 51% of actual owner will also be enought to pass the motion.
About different platform we could at end to move all shares to our own website with a special plateform only for our listing in order to avoid such problem. That's anyway a nice question which make me thinking more about this story of multi platform. Anyway for now the one choose for BTC and LTC are same owner.
The price has been estimated to give like 2-3% or more monthly when the website will be fully running after few months. How ? Just make calculation yourself looking for example look btc-e daily volume and also guessing their fees. You will see we are far of 10% yearly at the price we quoted. Additionnaly, we could decide to don't sell the 50% fully if the market don"t follow this idea. Finally as said in contract many time everyone is free to analyse this offer and decide if it meet his investment requierement. Anyway as investors myself in many projects and looking on competitors monthly volume of trade and fees associated, I would myself invest in this listing, honnestly. We dont need the funding for the website and are more selling like a dividend opportunity, then if even 0 share are sold that's will be ok for us. Anyway don't forget first 20 shares will be like 75% cheaper than the last one sold. And we could sell only 20% or so...
About payment processor which will be accepted the list on the home page of demo is a good list for start but will be extanded.
Last word about price, I seen vircurex selling for like 2500 btc of shares representing like 8% of his company bringing actually 11 BTC month due a plateform totally not adapted to trader expectation...Looking at this Crypto-trade 50% price look even more cheap in my opinion.