Re: [HAVELOCK]CBCM SHA-256 Mine IPO start 11-th of June, priced from 0.042Btc/10Ghs
Please answer my questions as they are spelled out:
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. If I ordered 35 miners from you, paid for them in bitcoin, would you run a background check on me (due diligence) and require me to provide collateral in excess of $100k? If not, why?
2. What is the collateral you are holding? Is it Bitcoin, Euro, Dollars, or? The "over 9000" is not an answer.
1. No. Because you don't involve my name in an IPO
2. $
Thanks. Just two more questions:
1. Since you are holding this in dollars, what is the actual sum you are holding, and how long will you be holding it after the miners are delivered?
2. If the value of 35 miners is higher than $100k, what is the point of this collateral? Sort of like taking $10 collateral on a thousand dollar loan
I'm getting tired, so this will be the last answer.
The collateral is against faithful execution of the IPO promises to the prospect investors. It has nothing to do with the 35 miners I'm selling.
Since three entities are involved (four with Havelock), we had to make sure it will be executed cleanly. It will.
I'm repeating my statement that we don't endorse the IPO. If it will succeed, it will be executed - this is our promise backed up by the collateral.