Post
Topic
Board Securities
Re: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread
by
zevtiefenbach
on 29/01/2014, 16:42:52 UTC

Your concern in regards to our valuation is your rightful opinion, and I will not touch base on that. However I will note that 40% of Mintspare's profits will be directed to 20% of public shares until all shares have been paid out 0.005 BTC each.


you should note that the prospectus states that any distributions made will be done at your discretion which sort of negates any commitment to pay-out any investors . . . at any rate . . .

furthermore, are you actually thinking that offering investors 40% of profits when they are putting up 100% of capital (and risk etc.) is a good deal?

i think you can see that the overwhelming majority of people in this public group recognize that what you are offering is a ridiculous investment opportunity that is ultimately offensive to an intelligent community that values transparency. we have all read the prospectus and immediately recognize that it's not practical, full of errors (as you have already admitted) and offers terrible prospects to any potential investors. yet instead of taking the litany of feedback you've received here and revising the terms into something that makes more sense, you continue to push forward hoping that there are enough idiots out there who will throw their money at you.

one of the great things about the crypto world is the ability to have a grassroots investment community that can give feedback to, and help form effective projects. your dismissal of the consensus feedback that has been gathering here indicates an utter lack of respect to many of the underlying values that this community holds as valuable.

this is why the comments will become more and more aggressively negative towards you. why be part of a open-community when you disregard the intelligent feedback you are receiving?

you may have spend months working on your IPO document. but, it's error prone, unpractical and offers terrible terms to investors. everyone sees that and so wouldn't it make sense (if you were interested in building credibility) to acknowledge the feedback and make some changes