Post
Topic
Board Securities
Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company
by
NotLambchop
on 30/07/2014, 12:04:09 UTC
All of the "listed" BTC companies (Havelock or anywhere else) are selling a "profit share", not an actual part ownership of the company. This is fully disclosed though. I don't think anyone on here finds this surprising.

BTW, thanks for the Howey Test video. It's a good explanation.

No. From the prospectus:
Quote
RentalStarter is issuing a total of 300,000 units of our Fund for purchase to the public.
This total represents 30% of the company, which is of a total of 1,000,000 units.

In short, a "unit" represents 1/1,000,000th of Full Power Asia Investment LTD, operated by DAVID CHONG SIN ONG.
Who is a failed third-rate scammer.
Who has websites dedicated to exposing him:  http://davidchongsinong.wordpress.com/
In all likelihood, dead broke.

TL;DR:  The shares listed on Havelock represent NOTHING.  They are neither shares of Branny, RentalStarter, Your New Home LLC, Benny, ...but a dude with SIN baked right into his name.