Post
Topic
Board Securities
Re: [HAVELOCK] Bliss Devices - Scrypt ASIC, IPO Monday May 22nd 11 AM EST
by
pchen_blissdevices
on 28/05/2014, 03:59:44 UTC
By Havelock's rules, open trading does not begin until all rounds are closed or the offering deadline is reached.  It would defeat the purpose to even have rounds if we were to start open trading anytime before then.

Founders are also equity holders, as with IPO unitholders.  Our business is about equity growth and not purely a cash business like other offerings on Havelock.  The management needs to have the flexibility to determine how much cash get plowed back into the business to maximize equity value.  If you are more interested in dividend payments vs. equity growth, then this is not the right investment for you, nor if you cannot handle any intrinsic risk of investing in early stage startups.

Abram's prior experience with Hashfast although brief has been invaluable with regards to avoiding past mistakes in this industry, implementing proper business practices, and better understanding the market, and nothing to do with his other experiences whatsoever.