Quote from: Swordsoffreedom on November 04, 2014, 06:48:48 PM

Buy-back offer - November 4, 2014

Subsequent to a consultation period initiated by Seedco Management Limited on October 1st the results of which have been posted on Havelockinvestments.com, Seedco Management Limited has decided to proceed with a buy-back and unit to share conversion offer.

From the date of this post SF1 units will no longer be trading on Havelockinvestments.com.

As stated in the Seedcoin Fund disclosure document (the âProspectusâ), the Seedcoin Fund (âSF1â) is the trading name of Seedco Holdings Limited (âSeedco Holdingsâ or âthe Companyâ) which, as described in the Prospectus, is âthe issuer of the units... (and)â¦ the custodian of the shares of the Bitcoin startupsâ.

According to the Prospectus (page 5) there is a clause titled âBuyback policy / Termination of operations policyâ that explains the mechanism to buy-back the units of SF1 (âUnitsâ) from unit holders. This clause states: âSF1 shall reserve the right to close the listing [â¦] closure may be effected via a buyback of all outstanding shares. Pricing of the shares will be based on the 30-day weighted moving average of the unit prices on the exchange prior to closure.â

As of the date and time of the temporary interruption of trading of SF1 units on Havelockinvestments.com, or October 1st 12 noon EST, prior to the consultation poll, each SF1 unit was priced BTC 0.00015 per unit with a monthly high at BTC 0.00029894 and a monthly low at BTC 0.00005 in September. However, Seedco Management Limited has determined that the buy-back price shall be BTC 0.00045 per SF1 unit.

Subject to holding more than 2,000 SF1 Units at the time of this offer, you will be sent a message by email within 10 days of this post, with the details of Shares and the conditions for the exchange of Units to Shares. Should you elect to exchange your Units for Shares you will be required to submit identification documents in order to become a shareholder of Seedco Holdings Limited. SHL Shareholder shall hold the equivalent proportional ownership of the Company via Shares as held in SF1 via Units.

If you are not eligible to subscribe for the shares via a SF1 Unit for SHL share exchange, your Units will be bought back via Havelockinvestments.com.

Thank you for your support and thank you to Havelockinvestments.com for the opportunity to contribute to the SF1 startups and the Bitcoin ecosystem.

Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com

does this mean you need 2001 shares to qualify for transfer, or just 2000 only?