Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Banx Shares - IPO/ICO - Bitcoin dividends paid monthly
by
relaric
on 21/10/2014, 12:11:05 UTC
Interesting response.

I get the idea, I'm glad to hear you say more directly that all the company is at this point is you, and by extension what you will make of it.

I have a lot to say, but most importantly: Why is your company trying to raise 2 million so early? (I understand that you have a plan for it, but take it one step at a time. Under-promise, over-deliver)

I get that the plans are big, but you have very little (although admittedly encouraging) value production at the moment.

Why not start with one thing at a time? Focus on achieving one of the many goals of Banx. Put all of your effort into having one stellar platform and as it succeeds put the money back into the business and raise funds when you have a foundation to work from.

There is no reason for anyone to think that you will turn this company into what it aims to be. There are so many startups in every field that fail, even more so in the crypto space. You present your company in a way that makes you seem like you are ignoring this reality and I do not see a back-up plan in case of under-performance.

Give us 1 good platform, you clearly have the funds to sustain and focus on, let's say, turning banx.io into one of the big players in the exchange business.

By requesting the money this early, you place all the risk on the investor. That is not indicative of someone who is willing to put their life and soul into a business. Add on to that the wealth of other companies you have opened in your career and are no longer working on (maybe I'd go as far as saying abandoned) and it makes for a lot of worry and doubt for the investor.

I would like to reiterate my position that I want this to succeed and I want to believe that you plan on sticking to this until the bitter end. I am only pointing out that by your own hand best case scenario:

- You're giving the wrong message and raising needless red flags while also somewhat inappropriately allocating risk (or at least perception of risk)

worst case:

- You are trying to get investors to jump in to a very elaborately planned pump and dump

Thank you for any and all response.