Well, IPO day has come and gone with about 20,000 shares sold. I'm doubting that the next six weeks are going to see an additional 30,000 sold to reach the self-imposed minimum limit of 50,000 to call the IPO a success.
i was wondering about that 6 week window too. the prospectus says that if they don't get the 50,000 shares sold in the 6 weeks they will return all BTC. does that mean that in the interim they won't be spending cash? that would really alter their expense (and revenue!) profile for January/February that they enclosed in the prospectus. is it possible that they will spend it anyway and not refund IPO investors?
anyway, i gotta say that anyway you slice it approximately $70,000 in gross sales for February doesn't seem too likely nor does $350,000 for March for that matter.
i think on top of everything else, the prospectus hasn't really been thought through and doesn't make sense.
i wonder if they'll answer me on these questions:
1) What are the current revenue/expense projections for January/February?
2) If you don't raise the full IPO amount, how will this change your spending projections?