Re: [HAVELOCK] CasinoBitco.in CBTC Official Thread- BIT777/PEERBET ACQUISITION

Hi folks-

Due to the recent acquisition we opted to have a more transparent dividend policy where all net profits will be paid in dividends through the same channel to all unit holders via Havelock Investments.

There were always 30,000,000 units that compromised the CBTC Fund; None of the units have been diluted. The 30,000,000 units outstanding reflects 100% of the company, which is now at 100% float on Havelock Investments.

Any privately held units are restricted and can't be sold on the market.

Quote from: _mr_e on February 18, 2014, 03:26:26 PM

Quote from: jrlichtman on February 18, 2014, 03:18:09 PM

Did the number of shares on Havelock just change suddenly? There's now 30 million shares listed.

Yeah, what the heck happened? Market cap dropped significantly, I thought I was crazy... Weren't these acquisitions supposed to be non-diluting?

Quote from: casinobitco on December 20, 2013, 03:10:50 AM

Quote from: davos on December 20, 2013, 02:59:40 AM

Just to clarify - I probably missed this.

What was the disposition of the 27,000,000 units specified as 'privately held' in the prospectus?

Is this new offering diluting of the original 30M issued units - or were some of those unsold 27M shares issued into the treasury - if so, how many?

Basically - is 1 unit sold in the current offering still equal to 1/30,000,000 of the profits of the company? If so, this would be additive so long as it produced any revenue at all... if not, why not and what is the new number of total issued units?

Good question, and we should have clarified - no dilution whatsoever, the founders (myself and other silent partners) are giving up equity to make this acquisition happen by releasing more units to the public (float). 1 unit still represents 1/30,000,000 of CasinoBitcoin.