Post
Topic
Board Securities
Re: [HAVELOCK] BTM leasing inventory fund
by
NotLambchop
on 09/08/2014, 19:55:03 UTC
You have stated that Havelock will be holding the funds, and dispensing said funds to you only after having verified and approved their intended use.  That describes the role of the custodian.  I quote:

...
Havelockinvestments.com requires proof of usage from the management company for any withdrawal of funds from the Fund. We will provide Havelockinvestments.com with the contract, pre-payment fees invoice & proof of pre-payment payment from the leasee (trackable by them on the blockchain and verified against the contract and invoice provided by Ignite Financing), as well as the invoice from the manufacturer. Havelockinvestments.com can release the funds directly to the manufacturer invoice BTC address from the Fund (all BitcoinATM manufacturers invoice directly in BTC). There is no reason for these funds to ever touch the management company's Bitcoin wallet.
...

If Havelock is incapable of providing sound stewardship, the issue is relevant for your potential "investors."

P.S:  Since you are trying your hand at being concise, keep in mind that text enclosed by quotes must be verbatim.  For instance, I have never used the phrase "custodian of the shares" (which you seem to be attributing to me), making it difficult to understand just whose claim you are refuting.