Quote from: paulmaritz on January 26, 2018, 07:21:04 AM

Quote from: MoonLite Project ICO on January 26, 2018, 05:16:17 AM

Quote from: paulmaritz on January 25, 2018, 05:50:17 PM

In addition, why do you state "Pentahash Mining is a newly formed company, which operates in the crypto-currency mining space. We have procured the equipment for the first roll-out phase for our first data center. Pentahash will shortly be, and will remain the largest crypto-mining operation in Africa with the following capacity" here: https://www.linkedin.com/in/eric-krige-0b04bb32/

This while it is stated here that "Our mining operations will not have significant market share in global mining operations; however will be the largest mining operation in South Africa, we will easily be able to expand further due to the excellent and lively nature of the operation": https://medium.com/@lalurieno/moonlite-operates-in-crypto-currency-mining-space-to-start-mining-bitcoin-bitcoin-cash-dash-cd59e9245cd6

In other words, my question is: Which of the two companies and/or projects are going to be the largest, Pentahash Mining or MoonLite?

Furthermore, where can I find more information pertaining to EMK Bulk Carriers and The Capitevo Group?

Thank you for your time and effort in this regard.

Hi Paulmaritz,

thanks for your 2 comments.

By rights, the linked-in profile of Eric Krige needs to be updated, so thank you for this. Pentahash was actually the genesis to the MoonLite Project, when we first planned to do it in SA as a private project. As the project scope grew and we realized what we could create, we exited from this original plan due to several factors ranging from political stability, energy prices, energy supply etc, and pentahash was downgraded to a non-project, while we focused on MNL. the equipment is privately owned and operated, and is of no direct interest to the MNL project. the equipment will ultimately be merged into the main data centre as part of MNL (at no cost), and pentahash will be terminated. the important thing to note is that this was the testing ground for the systems, procedures, AI, custom codes and the like, that will be instilled in the MNL project.

in a way it was actually a very important development step, but I can understand the confusion, so I apologize for this.

EMK Capital (Pty)Ltd is a SA registered company, that holds the business interests of E Krige in SA. this is not related to MNL or the Capitevo Group.

The corporate structure for MNL is fairly complex, as we have to be compliant in many jurisdictions, and we have to provide token holder security. in short:

1)Capitevo Group is the holding company (in registration) - this owns all companies below it, relating to the MoonLite Project.

2a) A LLC still in registration in Iceland will own the physical operating equipment, leases, HR contracts and the like, and will function as the "operating entity" for the MNL project
2b) The data centre property and buildings will be purchased through another pre-registered Icelandic corporation to make the process shorter, less complex due to foreign land ownership laws, and reduces transfer taxes - in other words, the property we are buying is already in an LLC, we would effectively be buying the stocks in that company.

3) Capitevo Investments (in registration in 2 jurisdictions) is the investment arm of the group, and executes investments as per the whitepaper and token holder votes.

we have not elaborated on corporate structure as most would find this confusing and would tend to think down the path of "scam", but this is certainly not true. the structures are designed to provide security to token holder capital in the event of downside risk becoming prevalent, and to take advantages of tax laws, and to comply with multi-country laws in many jurisdictions. although not really elaborated on, this is something we have spend a great deal of time and money on, getting it "just right"

E Krige's linked in profile will be updated to prevent any further confusion. we hope this has answered your questions.

MNL Team

Thank you for the timely response and explanation. Much appreciated.

Can you provide me with the registration numbers of EMK Capital (Pty)Ltd, the Capitevo Group and Capitevo Investments? In addition, can you confirm that you have no relationship with this company: https://www.emkcapital.com/?

Furthermore, "London, UK" is mentioned at the bottom of the MoonLite website to your left. Which of the groups and/or companies involved are registered in London?

I second that request. If legit, you should be able to answer these questions easily.