Re: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread
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I for one believe that intentions are important. I do not think it is wrong to question a business plan, but I believe that it should be tactfully done. I think the valuation is high at this point, but I do not believe this is an outright scam as you suggest in your other posts.
As a possible future investor in this venture, I wish Mintspare the best for their start on Monday Feb 3.
I for one believe that intentions are important. I do not think it is wrong to question a business plan, but I believe that it should be tactfully done. I think the valuation is high at this point, but I do not believe this is an outright scam as you suggest in your other posts.
As a possible future investor in this venture, I wish Mintspare the best for their start on Monday Feb 3.
There is no clear line between scamming and laziness/ignorance/incompetence.
If I promise to build you a spaceship, charge you a few hundred grand ('coz that's how much I think I could get you for, tops), and use the proceeds to rent an office, a company car, and hire my GF as CFO and...
Have I scammed you, or
Any scammer worth his salt will structure the scam to be indistinguishable from a failed business. That's what makes scamming so attractive - no consequences when it all turns to shit.
and in my post, i assumed that you were trying to run a legitimate business despite the fact that the way the IPO is structured, your greatest opportunity to profit is to fail the business (sometime) after you've received your IPO funds.
this is why, it's far more credible to invest in an existing company as opposed to a start-up and why when you are investing in a start-up you would receive way (WAY, WAY) better terms than what you've offered to investors here.
like the investors who are assuming 100% of the risk should receive like 80% of the company - not the inverse. incidentally, this would start to align your interests with the investors interests because you would have a virtually unlimited pool of shares to flood the market with any time you want to raise some cash for yourself. you would be far more inclined to see your 20% holding as a long term investment.