Quote from: roguetrader on September 21, 2016, 02:44:15 PM

Quote from: LykkeX on September 21, 2016, 02:05:21 PM

1.1) Dilution is not negative, because cash goes into the bank for re-investment.
1.2) Yes, dividends should be payed via blockchain. Not planned in the near term.
2.1) UK is friendly jurisdiction.
2.2) Not sure, but some amount (>25%) of current capital raise will go to these costs.
2.3) Team is speaking with regulators in several jurisdictions. Nothing to publish yet.

3.1) The price is an ask price. Buyers can decide to buy at 0.05 CHF or leave it. Later the price will be floating, i.e. there will be an algorithm as a result of demand and supply (not direct matching for regulatory reasons).
3.2) See placement memo and annual report and various documents already released.
3.3.) Early growth companies usually trade at much different multiplies. First any significant revenue needs to be earned. Richard's previous company had net profits of 37M$ in 2007 (I believe he left active position 1-2 years after that).

1.1) I am sorry but i have to disagree, dilution is negative for minority shareholders always. But by your answer i assume there will be Coin increase in the future. Is there a specific policy for it ?

1.2) Sorry didnt understand if those are shares with voting power or not.

3.2) I looked at all the documentation but didn't see any cash-flow projections that explain the 0.05 price, can you be more specific ?

3.3) I am sorry i don't want to be rude, but i try to be as much Due Dilligent as possible since i invest generally something between 5BTC to 20 BTC, but the result of an earlier company can not be used to justify the valuation of a new project.

Just adding some more questions :
One of the most important areas of exchanges are the risk management part, because of all counterpart risk, operational risk, leverage etc etc, can you talk about the expertise in this field from the team ?

Also, can you talk about the legal expertise and dealing with regulators expertise of the team ? One thing is to deal with FX Exchange regulatory environment, another completely different environment is dealing with an exchange that can virtually trade any type of asset.

Thanks again for attention and fast answer in the first question.

Quote from: LykkeX on September 21, 2016, 05:37:23 PM

Quote from: roguetrader on September 21, 2016, 02:44:15 PM

3.3) I am sorry i don't want to be rude, but i try to be as much Due Dilligent as possible since i invest generally something between 5BTC to 20 BTC, but the result of an earlier company can not be used to justify the valuation of a new project.

Just adding some more questions :
One of the most important areas of exchanges are the risk management part, because of all counterpart risk, operational risk, leverage etc etc, can you talk about the expertise in this field from the team ?

Also, can you talk about the legal expertise and dealing with regulators expertise of the team ? One thing is to deal with FX Exchange regulatory environment, another completely different environment is dealing with an exchange that can virtually trade any type of asset.

The talks about regulation as an MFT are in process, and 1 license for the Asian markets already has been obtained. Unfortunately not all the activity is visible for the public at the moment, but we're working on that. Yes, there is one dedicated expert with risk-management background.

Quote

Lykke Corp has subsidiaries: Lykke Corp UK Ltd., company registered in England
number 10093552 limited by shares, and Lykke Vanuatu, regulated by the Vanuatu Financial
Services Commission (VFSC) with Company number 17909

So what is the answer to question 1.2? Do the coins have voting power? Ignoring the question seems a little unprofessional. Either you don't know the answer or you know but don't want to tell.

As i understand 100 coins represent 1 share. But a coin owner is actually not a shareholder. The coins do not have a function like Ether does for the Ethereum. So the Lykke ecosystem can function without them. There is no set maximum to the coins so they can be inflated at will. Presumably according to the wishes of the real shareholders.

Only thing sure is that you have a promise of dividend sharing.

it seams like this is more a donation campaign then a crowdfunding campaign.