Quote from: c2m on June 12, 2014, 10:18:28 PM

@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!

@c2m

Thank you for the analisys and pos/neg.

About negatives:

-1 Price per share to high for longer term risks shareholders are taking

Our price per GHs is lower than most our competitors has. Also we have to cover relatively high intial costs. As soon as costs are lowered we will place aditional GHs per share to make investors profit higher.

-1 To small decision power about running this fund for shareholders = increases the risks

I understand your worries. If we offer another possibility. All changes, that affect more that 10% of assets (hashpower) are to be announced in 2 weeks. During first week after announcement shareholders, who does not argee can initiate voting. If 10%+ of shareholders support voting - than we have to hold this voting. (If you think its acceptable than we write this rule).

-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.

When we annonce adiitional rolling placement we has obligation to confirm how much GHs will be added and when.

-1 Revenue prediction calculated with to low diff increase m/m

We think that average daily diff increase will be 0.5% - 0.6% (in a long term periood).

-1 CBCM guys have no history here on BTCtalk (or am I wrong ?)

Unfortunatelly you are right. I'am reader of this forum for a long time, but don't have any posting activity (

About "...to get at least one serious small-mid investor on board longer term... "

This process started before the IPO. At the moment we at different stages of negotiations with couple of such long term runners.

Taras