@Spondoolies-Tech
@omehenk
Thank you for clearing things out !!

@NotLambchop
Sorry for my wild speculation

@jonsi
IMO, It is ok for management co. to take reasonable initial profit for organizing and starting up IPO (a lot of work it is). Question is only what each person sees as reasonable profit

@cbcm.co
Taras, thank you very much for fair reply! Great integrity with going forward and confirming that part will be to cover costs for starting up IPO and part for profit, respect.

IMO
IPO positives:
+1 SPTech backing (with miners for 1st round and possibly in the future)
+1 Cowboy miners group backing (with hashing power needed)
+1 Havelock integrity (+can buy/sell shares in time)
+1 Well thought through IPO
+1 SPTech & Cowboy group vouching for management team at CBCM

IPO negatives:
-1 Price per share to high for longer term risks shareholders are taking
-1 To small decision power about running this fund for shareholders = increases the risks
-1 Shares not backed by physical miners (if I understand it correctly), it is management decision when and for how much to buy/sell them
-1 Revenue prediction calculated with to low diff increase m/m
-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)

Total: Draw for me atm, but I am not to sure if CBCM can deliver successfully all 8 rounds at their target funding without stepping up their efforts here among members and at the same time trying *hard* to get at least one serious small-mid investor on board longer term...  probably, wait and see the state of this IPO around June 18th.
Anyway good luck with this IPO Taras!