Quote from: SurfnTurf on September 08, 2017, 12:32:47 PM

It catches me that Kexgill Ltd. and Kexcoin Ltd. are two completely separate entities. Do you admit there is no legal repercussion for Kexgill Ltd. if your Kexcoin project fails to do what you say you will do? What ties you into Kexgill? In other words, you are a U.K. Limited company which only costs a few pound and an hour to incorporate. If I send you money and you run away, is there any legal regulation under U.K. guidelines for your ICO?

Your project is not utilising blockchain technology in any form so I believe the "why ICO" is a valid point. I'm still on the fence here so I hope it works out. Huh

But the way these ICO's are going I think it will still work out for you. Good luck Undecided

Kexgill Limited and all of the other Kexgill companies that form the group are 100% owned by Mike (and wife). These companies have mortgages and various cross guarantees and debentures which would stop this project from being possible under Kexgill Limited. Kexcoin Limited had 5 shareholders, the largest of which is Mike but Richard the MD of Kexgill is also a director / shareholder of Kexcoin Ltd. In addition to this Kexgill will be providing full management services to Kexcoin. Kexcoin Ltd is making use of all Kexgill's existing infrastructure.

The two companies are set up separately for a number of reasons in addition to the one above. Firstly, we are under no illusion that the funds raised from the ICO are ours in any way so to mix these funds with those of Kexgill would be wrong to do. The company has been set up with a strong fund structure and this is how we view it. Custodians of the funds raised from participants if you will. Also as Kexgill will be providing management and resources there would not be the clear divide between the two companies if they were one and the same. We are trying to ensure that everything that we do is transparent, verifiable and legitimate. By having the clear divide we can show a clear division in what is Kexgills and what is Kexcoins and there will be no grey areas because of this.

In response to your questions specifically, are there any legal repercussions; The two companies are connected by Directors and owner. With all of the information we have published both written and spoken as well as the terms and conditions and articles of association for the kexcoin company, we are bound by UK law and if we did not do as we have stated we would be in serious trouble. Each one of the directors has built up an established and respectable career over many years and we simply would not risk that in order to make a "quick buck" with the potential to then serve at her majesties service. Please also remember that Mike is 70 and unlikely to see much in term of remuneration as he is unlikely to be here. Finally on your first question, you are looking at it the wrong way. If Kexcoin has no bank borrowings then it is very difficult to fail as there is no one to call in the receivers, in addition we have benefits over our competitors in terms of flexibility and being able to weather economical storms should they arise. By having the separate companies they are shielded from each other as it works both ways!

In regards to your second question, that we are not using the blockchain and "why ICO" again I think points are being missed here. Please check out Chris's Youtube shows (cryptoverse). You will see that he is an advocate of expanding all thinks blockchain and crypto and increasing adoption. If Crypto is to really go mainstream then it needs to be used for a variety of uses. So this would be my first point, we are using technology to break the old mold of how to fund property and as such are widening the adoption of the crypto space. I believe in the future there will be a large shift from the few to the many.
My second point is that we are using Kexcoin as a commodity and a means of paying rent. Now this definitely uses blockchain! Finally, we are running our ICO on the bitshares network and are therefore supporting the space further.

I hope this has given you more belief in the project and I too believe it will be a success.