Post
Topic
Board Securities
Re: [HAVELOCK]CBCM SHA-256 Mine IPO start 11-th of June, priced from 0.042Btc/10Ghs
by
cbcm.co
on 10/06/2014, 21:44:10 UTC
Interested.  But need more info.

Who are you?  Where is your company located? 
What kind of agreements do you have with SpondooliesTech? 
Do you have the SP1s already?  June batch is sold out?

We are  a group of cryptomined enthusiasts who managed to start couple privately held mining projects located in different countries (personally I live in Czech Rep). All info about company's management will appear at our website soon.
For the moment we are in business relations with Spondoolies-Tech (I am not authorized to disclose details of the agreement).
We booked SP10 and have a letter of confirmation from Spondoolies-Tech (attached in prospectus).

Just so I'm clear, since I must have misinterpreted your post...you're asking investors to float BTC1,750 (40,000 shares @ BTC0.04375 average over 8 rounds) to start a 1 PH/s mine. Since each share is 10GH/s (as noted in your prospectus and title), you're granting yourself 60% of the total hashrate (600TH/s) right from the start, leaving investors with just 400TH/s?
I think they want to start with 400th (8x5000 shares in IPO) and continue with 'rolling placement'.

During first round we plan raise funds to deploy 400 THs and after start rolling placements to increase total hashpower to 1 PHs by September.