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. 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 Undecided

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.

Since three parties are involved, and Havelock has stated that the funds will be released directly to you, how could the issuer *possibly* screw up this IPO? What is the point of *you* holding $100k in "collateral"? Finally, if you are explicitly not endorsing this IPO, a simple post stating your lack of involvement [above selling 35 miners] should have sufficed. You, OTOH, are implying this is more than a simple sale but a collaboration of three parties, with negative outcome potentially impacting your name.
I too am getting tired of nonsensical and evasive answers.

The collateral was taken from cowboyminer.