Quote from: Zoznoz on August 09, 2013, 01:41:46 AM

Quote from: Crypto Financial on August 08, 2013, 07:03:11 PM

Quote from: Duffer1 on August 08, 2013, 06:39:11 PM

Quote from: Crypto Financial on August 08, 2013, 06:03:45 PM

Quote from: Duffer1 on August 08, 2013, 05:09:22 PM

Quote

Office, Computers, Legal Firm, Accounting Firm, License Application, Banking Platform

Where did the money for these things come from? Where is your office located?

We have personally raised the funds.
And we are located in Panama.
If you would like to stop by for coffee and talk about Bitcoin and our plans PM me and I would provide you with our contact info.

Sorry to say that I'm not anywhere near Panama, I'm just asking for very specific detail ("public" is the key word in IPO). You are asking for $3mil hehe.

How much money, exactly, has been raised so far, and what percentage do those shareholders get?

Also, do you plan to service walk-in clients or will the business be 100% through the internet? Sorry if you've answered this already I may have missed it.

Also, what month are you targeting for launch?

We have put in place enough assets on paper to secure a license.
The IPO funds raised will help us offer our services at minimum to no fees. So it wouldn't cost the average customer any upfront fees to simply open an account, or to maintain a minimum balance, all customary fees when opening a private international bank account offshore. It will also help us offer the additional services at low or no markup cost, like currency exchange, visa debit cards, etc... all services that a regular bank can offer since they use your funds to earn interest on. We will keep your funds in place. No fractional reserves.

We hope to offer our services during the 4th Quarter 2013, or sooner.

This is a joke. Fees is one way for a bank to make revenue, you don't raise capital to 'make fees cheaper'.. That makes no sense at all, in fact that is something a manager should never say to potential investors and they definitely don't want to hear about the various concessions you're giving to customers and as a result the additional revenue you lose from being 'nice'. It shows you don't specifically have plans to price your items accordingly to supply and demand (i.e. maximise profit). Also you constantly avoid the "$12 million question"... What tangible assets have you contributed that entitles you to a $12 million valuation? I hope you're not going to tell me that you plan on debiting the 'ideas' account for $12 million and then credit shareholder's equity.

Also who are you? What is your education and experience? Do you plan to make revenue from fees, interest spread between loans and savings and gain on sale/investment. You say something like there are a 'few finance' people who have 'worked at a bank here' which is worth nothing at all, you are still completely anonymous. You are giving public shareholder's only a 20% equity stake, therefore wouldn't it be correct to say that once the $3,000,000 is raised, yourself and whoever else has a stake in the company will become instant millionaires... That is you would own 80% of the cash that didn't come from your pocket or $2,400,000.

We are offering up to a 20% stake in our company for anyone that is interested in future dividends earned from our Exchange fees derived from the conversion of Crypto Currency to Fiat and vice versa. We will not use our customers funds for loans or investments. The use of any funds raised by this IPO will in turn lower our operational cost and provide the Bitcoin community with access to our Fiduciary Financial Services at a lower cost. Making our fee structure more similar to your local credit union rather than your local bank.

We hope to be able to provide our services to the Bitcoin community in the near future. We truly believe that it is the future of e-commerce.

We understand some of the criticism shared by many and we agree with many of their opinions.
We do hope that once we do lunch our services many of you will become not just our customers
but our partners.

We chose to list our shares with Havelock Investments, and have worked closely with them over the past few months.
They do have our personal information and location on file.

Once again we appreciate all of the comments on this post as it helps us today and in the future provide better service.