Quote from: Another User on June 11, 2014, 02:19:47 PM

Quote from: Spondoolies-Tech on June 11, 2014, 02:02:24 PM

Quote from: Another User on June 11, 2014, 01:59:43 PM

A long extended (essentially interest-free) loan for Spondoolies.

As explained, our entire "share" of this IPO is 35 SP10s for round one.

You don't say... Roll Eyes

The fact that you continue to keep posting in this "IPO" thread by a newbie account, saying the deal is "legitimate" speaks that your stake in this is more than that. Do you really think that using the same method as Bitfury will fool lurkers again?

Again: You have a proven product that is competitive with the best miners out there. Either offer a part of future sales or go talk with VCs, selling mining bonds isn't going to cut it here.

But you're going to post again, saying 'your stake is nothing more than just the 35 SP10s.' Just remember that each time you post, you invalidate your argument even more and showing everyone here that this is nothing more than a sham for funding. I guess the pre-orders for the SP30 Yukons aren't cutting it.

We're not the one initiating the cbcm IPO. Our part of it is only the 35 SP10s promised for round 1.
Initially we thought we'll be able to cover more rounds. When the SP10 were sold out, we helped cbcm secured additional hosted hash-power from a trusted partner and customer we're working with.
The collateral will make sure the placement after each successful round will happen.

This is the sad truth: we sold the SP10s too fast to cover the IPO. Havelock Window for the IPO came too late.
This whole IPO will have zero impact on our bottom line. We could have sold 1,000s more SP10s if we had them in stock.

Regarding the SP30: We're selling the SP30 Yukons very fast as well.

Regards,
Guy

Edit: And for the last time, we don't endorse the IPO. We just make sure it run by honest people who will fulfill their obligations. We had to do that to protect our name.