My first concern is just that. Why don't you have your registration number on the website? What are the possible reasons for not listing your registration number? Registration numbers are for identification purposes. You said it yourself, you found 27 different listings. Which one is this? You can have 1,000 subsidiaries but your holding corp. still has 1 registration number.
It's not what "I" am describing, it is what is REQUIRED by the UK Govt. for EVERY company. Just seems dumb NOT to use it (if you have it).
Other concerns?
Why are they crowdfunding if they have 27 other companies and thousands of units? Isn't crowdfunding for startups? Why are they using an ICO? What purpose does it serve them? Why not equity? Why not any other traditional financing or crowdfunding?
What are they using the money for? Just more property? They are a successful company that wants "me" to pay for their property (which they will own) and then they will "maybe" give me back a 6%? So I can get my principle back in 15 years?
They do have a "30 Year Bounty" so maybe they are just really, really, long term thinkers?
To be honest, I was excited to see a student housing project but the deeper I look, the less appealing it is. Who know? I know it's not easy to be under heavy scrutiny and maybe they can answer all this stuff. I would even give them more leeway except for what you said, there are 27 companies so again... why do they need MY money?
Sorry but you really don't understand the project or what we are doing?
With regards to the company number, it is on the website! We have given the address of the head office and we have been more transparent about who we are compared to any other ICO I have seen or participated in.
The project is for 30 not 15 years, we are sidestepping traditional bank funding to favour the many and not the few.
Give you back 6%? Where are you getting that from? ALL profits from the business are being used for the benefit of participants and the directors of kexcoin do not receive any payment or dividend over the 30 years at all, other than the kexcoin outlined on the website and even they are frozen for 12 months??
See, your deceptiveness is what I am concerned about.
First, you are treating us like we are stupid. "With regards to the company number, it is on the website!"... Yes, you put that up AFTER I asked yet you respond like I am the idiot... here is the cached version (which, because of your lack of knowledge, you probably didn't know this existed) -
http://webcache.googleusercontent.com/search?q=cache:https://kexcoin.com/Your response should have been "Thank you for pointing out our obvious mistake".
I get 6% because the net profit you speak of was 12% and you say you will distribute 50% of the net profit. Isn't half of 12% = 6%?
The directors do not benefit? Who will OWN the property and asset value? What stops you from raising the capital and selling all the assets next year and walking away with the entire ICO capital raise?
15 years I was speaking of is the time it will take me just to make my money back with a 6% return per year (with ZERO profit). 30 years is your "Bounty"... which I have to believe you did not know what a bounty was when the person asked that question.
You want people to invest in an ICO and think about a 30 year return. That is an annuity. Again, why ICO? Why not any traditional form of fundraising? Sorry to be skeptical but I have to believe your sole purpose for an ICO is to avoid regulations. Your entire scheme does not pass the Howey test which means you are simply selling securities yet they carry no ownership. I didn't look but I hope this is not available to us the U.S. because you cannot possibly take money without registering your ICO (which it is not registered).
Plus, it is annoying you have your "newbie" friends on here acting like they are asking relevant questions. These are too obvious. It seems I know your business better than you.
If you were in my class turning in this business plan, you'd get a C grade if you're lucky. Seems sloppy and last minute. Then again, I am a Tuck professor so we are tough on our students.