Post
Topic
Board Securities
Topic OP
RentalStarter - A Midwest Real Estate Investment Company
by
Branny
on 24/05/2013, 16:04:43 UTC
This is the fourth, and final revision of our BTCtalk thread.

As of Q3 2016, it was decided among our advisory board to both no longer seek listing on any public or semi public exchange, and to no longer seek outside equity funding. This is partially due to the low liquidity we have been seeing on various bitcoin exchanges, and also a change in the way we wish our company to operate.

Starting out, it was our expectation for rapid growth by leveraging the bitcoin funds we had received with traditional bank loans. Over the past 3 years we have made multiple attempts at this and fallen short of both exterior and interior funding goals between both equity and bank leverage. As of today, we have only achieved a 1:1.25 rate of leverage. Our original goal was to reach 1:3 within the first 2 years of operation, thus slowing down rental acquisitions considerably.

Although slow, the company continues to grow due to new partnerships that I have worked out with investors outside of bitcoin and internet exchanges.

Because of these dealings, we as a company have decided that it no longer serves our investors a useful purpose to continue on as a company offering 'virtual shares', and have made the decision to convert all investment and structure to a traditional company. Part of this process will involve buying out all low-unit shareholders, and converting the remaining to direct stakeholders in our US registered entity. We believe that this strategy will help the company grow as it should, and to hit our longer term goals, which up till now have been very slow to achieve.

If you are a RentalStarter investor, please check your email regularly, as we have sent out multiple rounds of emails to all our investors, and received very minimal response. Additionally you can access the real-time RS  slack at rentalstarter.slack.com by using your registered shareholder email address. If you have not done this, you may have to go through a password recovery due to inactivity and not accessing your account since we set it up.