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BGCAFFE Asset Monthly Payout
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Author Topic: BGCAFFE Asset Monthly Payout  (Read 84301 times)

bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #140 on: May 07, 2015, 07:20:30 am »

Great news, congratulations!

Is the website down, by the way?

Yes seems to not be up right now, have reported it to the developers they will check it in the morning. A bit late here in S.A.

Thanks for the heads up.

Site is back up.

 :D
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

bgcaffe

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Re: BGCAFFE Launching of the second shop finally approved
« Reply #141 on: May 09, 2015, 11:57:06 am »

Already 22340 of the 30000 have offers, so please get your orders in or you will have to wait for the second phase at 40NXT.

Thank you all for being so patient for the launch of the second shop. We just signed the lease today and we believe its going to be a great success. The second shop is far larger and we are excited to announce is will also perform some of the central kitchen functions such as baking and creation of other tasty goodies.

The shop is surrounded by 5 office parks and we are the only tenant within walking distance, with the nearest mall 5 minutes away by car. Not that, that seems to matter as our current shop is doing fantastically being right next to a mall.

However its a far larger audience, with seating space both inside and outside and great opportunities for the bakery.

After doing all the calculations the loyalty assets will be listed as follows:

We will be listing the assets in 3 Phases:
1st Phase: 30 000 at 30 NXT              Due:  10th May
2nd Phase: 40 000 at 40 NXT             Due:  21st June
3rd Phase: 50 000 at 45 NXT             Due:   On Opening Est: Mid July

(Should the NXT price increase within the next months the last assets listings will be reduced accordingly, the listing of additional assets is due to the NXT price and the fact that this stores capacity is 2-3 times more than the current one. Lastly as indicated before should the NXT price increase after the last listing of assets has completed the additional value will be used to offset against the next store. That we are always able to balance the returns and ensure healthy growth in both the Asset price and keep returns stable)

On Sunday we will be posting photographs of the current location and keep you posted as progress is made, the architects design should be ready within 10 days so we are excited to share the creation of this store with you and look forward to your input.

All new assets will return an equal amount of the existing assets each month until the new store is open and then the calculation will of return will be distributed across all the assets from both stores.

So loyal supporters please get ready as the first release is sure to be taken up fast.

Thank you for all your support, we will continue to ensure this one of the most consistent and long running NXT Assets out there.
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

bgcaffe

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Second Store BGCAFFE Asset Launch Time Confirmed
« Reply #142 on: May 09, 2015, 01:11:39 pm »

Hi,

Due to the overwhelming support of the assets, the first listing will be sold out should the orders remain. We have decided to announce an exact time for the order to be placed so that everyone gets a chance to put in the final buy orders.

Sunday 10th May:  5:00 PM GMT +0

So here in S.A that would be 7PM.

Thank you all, we appreciate your support!
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

bgcaffe

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Re: Second Store BGCAFFE Asset Launch Time Confirmed
« Reply #143 on: May 10, 2015, 09:46:41 am »

Some early photographs of the space. Enough space for the cafe, sit-in and out seating, bakery and pizza oven. We are really excited as to the possibilities..

Current Bar, will be transformed into a front for the coffee shop.



The kitchen at the back


Will post more photos later.

Hi,

Due to the overwhelming support of the assets, the first listing will be sold out should the orders remain. We have decided to announce an exact time for the order to be placed so that everyone gets a chance to put in the final buy orders.

Sunday 10th May:  5:00 PM GMT +0

So here in S.A that would be 7PM.

Thank you all, we appreciate your support!
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #144 on: May 10, 2015, 10:17:21 am »

Outside seating will be here in the garden, we have permission to setup tables...

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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

TwinWinNerD

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Re: BGCAFFE Asset Monthly Payout
« Reply #145 on: May 10, 2015, 12:05:07 pm »

Nice location. Good find

bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #146 on: May 10, 2015, 01:47:03 pm »

Nice location. Good find

Thanks, we are excited too.
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

bgcaffe

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BGCAFFE: 30 Minutes to go before Asset List at 30NXT
« Reply #147 on: May 10, 2015, 04:32:18 pm »

Just less than 30 Minutes left before the asset sell order will be made at 30NXT.

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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

TwinWinNerD

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Re: BGCAFFE Asset Monthly Payout
« Reply #148 on: May 10, 2015, 04:35:29 pm »

And its a guarantee that you won't issue any more assets before jun 21st?

bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #149 on: May 10, 2015, 04:40:53 pm »

Yes that's a guarantee, we have certain milestones that we need to meet in the shops development and even if we are ahead of schedule that's the due date.

And its a guarantee that you won't issue any more assets before jun 21st?
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

WhiteRabbit

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Re: BGCAFFE Asset Monthly Payout
« Reply #150 on: May 10, 2015, 05:09:58 pm »

Jeezy!!! Who bought all the BGCAFFE assets??? Knew I should have just put in at 33 to be safe! :'(
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kseistrup

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Re: BGCAFFE Asset Monthly Payout
« Reply #151 on: May 10, 2015, 05:12:45 pm »

Jeezy!!! Who bought all the BGCAFFE assets??? Knew I should have just put in at 33 to be safe! :'(

The account named “Eric Maria Cartman” (NXT-HFV6-N66W-P7R9-DKRES) bought 29.5k shares that they immediately put up for sale at 36.66666 NXT/share.

blackyblack1

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Re: BGCAFFE Asset Monthly Payout
« Reply #152 on: May 10, 2015, 05:23:29 pm »

Great move from TwinWinNerD. He will get ~150k NXT from this deal.
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bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #153 on: May 10, 2015, 05:24:03 pm »

Hmmm profiteering  >:( 

We indicated that we would list the first set at 30NXT so we had to stick to it. However best get your orders stuck into the assets at 36.6 because I don't think those will last long. For future stores we will reduce the stagger to 5NXT to avoid this situation again.

Jeezy!!! Who bought all the BGCAFFE assets??? Knew I should have just put in at 33 to be safe! :'(

The account named “Eric Maria Cartman” (NXT-HFV6-N66W-P7R9-DKRES) bought 29.5k shares that they immediately put up for sale at 36.66666 NXT/share.
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

WhiteRabbit

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Re: BGCAFFE Asset Monthly Payout
« Reply #154 on: May 10, 2015, 05:27:39 pm »

Hmmm profiteering  >:( 

We indicated that we would list the first set at 30NXT so we had to stick to it. However best get your orders stuck into the assets at 36.6 because I don't think those will last long. For future stores we will reduce the stagger to 5NXT to avoid this situation again.

Jeezy!!! Who bought all the BGCAFFE assets??? Knew I should have just put in at 33 to be safe! :'(

Got in at 36.6, in it for the long term.

The account named “Eric Maria Cartman” (NXT-HFV6-N66W-P7R9-DKRES) bought 29.5k shares that they immediately put up for sale at 36.66666 NXT/share.
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bgcaffe

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Re: BGCAFFE Asset Monthly Payout
« Reply #155 on: May 10, 2015, 05:33:58 pm »

Well that went fast and currently BGCAFFE is the 6th highest traded share for the last 30 days, sure to climb further.

Thank you all for your support we are going todo everything we can to make this store a success just like the first one and with the additional experience we now have, even better.

We will be posting photos as progress is made and are looking forward to your comments and feedback. BGCAFFE is about community and we welcome you into it.
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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/

alphawar06

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Re: BGCAFFE Asset Monthly Payout
« Reply #156 on: May 13, 2015, 09:46:18 am »

Hi bgcaffe what kind of payment will you accept at your place ? Nxt, bitcoin dogecoin ?
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Nippybrit

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Re: BGCAFFE Asset Monthly Payout
« Reply #157 on: May 13, 2015, 12:09:22 pm »

Looks like it'll be really nice! I look forward to seeing more pics.  :)
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printshop

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Re: BGCAFFE Launching of the second shop finally approved
« Reply #158 on: May 13, 2015, 12:35:24 pm »

We will be listing the assets in 3 Phases:
1st Phase: 30 000 at 30 NXT              Due:  10th May
2nd Phase: 40 000 at 40 NXT             Due:  21st June
3rd Phase: 50 000 at 45 NXT             Due:   On Opening Est: Mid July

I wish people would stop doing this, it doesn't make sense.

If you want to do an IPO just list your shares at 40 NXT which is approx. the average. Why would anyone pay 45 (12% above the average of the new issue)? Honestly BGCAFFE is great I invest in it myself but if you're going to do a fundraiser, why would I pay 45 for shares when I know I am throwing 12% of my money into the garbage?

Again I like BGCAFFE but why pay 12% more when I can just pay 3 or 4% more and buy MMNXT? Or invest in something else -- even some other IRL business, like Temple Hotels, which pays almost 10% per year? From a financial standpoint I just don't see the point in structuring an IPO this way.

In fact I see little reason to buy shares at 40, since it would only make sense to buy at 40 if you could guarantee a full sell-out of shares at 45, and you can't. So you could even be damaging your own IPO here (because the pricing of the second tranche is unattractive).

Normally what happens in an IPO is you take your existing share price and then issue a # of shares against it based on what you want to raise. Otherwise what you are doing is dictating your share price which is impossible unless you own a great majority of it. Why didn't you just float 200k shares at 24 or 25? Why state your shares are worth so much more? Frankly if your shares weren't worth 45 before, averaging them out with 25 (a great simplification, I know, but...) puts them at an average price of about 35. All things being equal don't you think it would be better to just issue shares at the price they are worth, and see if the market can support them? Forcing the market in this way will only lead to a glut and a crash. I can't see any real liquidity happening here until the business has been up and running for several months otherwise. And that is a pity because I had hoped to see this heavily traded someday. This just seems like another nail in the liquidity coffin for BGCAFFE.. Am I missing something?

bgcaffe

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Re: BGCAFFE Launching of the second shop finally approved
« Reply #159 on: May 13, 2015, 09:19:22 pm »

We will be listing the assets in 3 Phases:
1st Phase: 30 000 at 30 NXT              Due:  10th May
2nd Phase: 40 000 at 40 NXT             Due:  21st June
3rd Phase: 50 000 at 45 NXT             Due:   On Opening Est: Mid July

I wish people would stop doing this, it doesn't make sense.

If you want to do an IPO just list your shares at 40 NXT which is approx. the average. Why would anyone pay 45 (12% above the average of the new issue)? Honestly BGCAFFE is great I invest in it myself but if you're going to do a fundraiser, why would I pay 45 for shares when I know I am throwing 12% of my money into the garbage?

Again I like BGCAFFE but why pay 12% more when I can just pay 3 or 4% more and buy MMNXT? Or invest in something else -- even some other IRL business, like Temple Hotels, which pays almost 10% per year? From a financial standpoint I just don't see the point in structuring an IPO this way.

In fact I see little reason to buy shares at 40, since it would only make sense to buy at 40 if you could guarantee a full sell-out of shares at 45, and you can't. So you could even be damaging your own IPO here (because the pricing of the second tranche is unattractive).

Normally what happens in an IPO is you take your existing share price and then issue a # of shares against it based on what you want to raise. Otherwise what you are doing is dictating your share price which is impossible unless you own a great majority of it. Why didn't you just float 200k shares at 24 or 25? Why state your shares are worth so much more? Frankly if your shares weren't worth 45 before, averaging them out with 25 (a great simplification, I know, but...) puts them at an average price of about 35. All things being equal don't you think it would be better to just issue shares at the price they are worth, and see if the market can support them? Forcing the market in this way will only lead to a glut and a crash. I can't see any real liquidity happening here until the business has been up and running for several months otherwise. And that is a pity because I had hoped to see this heavily traded someday. This just seems like another nail in the liquidity coffin for BGCAFFE.. Am I missing something?

Hi Printshop,

Firstly thank you for the post, this is also new to us and we appreciate advice and feedback.

Regarding staggering the assets listing in price, you are correct, it was what we did with the first shop as we wanted early adopters to benefit. For the first store had a higher degree of uncertainty, however this time it had no real benefit and we were also subject to manipulation in that someone bought out all the shares and then just listed them at a higher price. So we will NOT do this again, in future we will just list the shares we require to be sold at market price until we raise the required funds.

However regarding the value of the shares, we are paying far higher than 10% return per an anum, additionally we based the prices listed above on sufficient capital that would be required to open the store. If the NXT community is not willing to pay those prices for the assets, its not worth us listing the assets. Keep in mind NXT has dropped in value 6 fold, so we listed our very first asset at 10NXT, it should now be 60NXT at list price. We are currently paying out 1NXT per an Asset, when we started it was around 0.24.

Lastly I would just like to point out that people must see the difference in BGCAFFE from for example mining or arbitrage assets, those assets payout large returns however are high risk. In fact to date hardly any of them have lasted!

Brick and mortar businesses are more secure and stable, we firmly believe that as time continues and we show the community that we are sustainable the value in our assets will stand out clearly.

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BGCAFFE Asset Id: 2978798152942226372
NXT Account: NXT-X2ER-EMGR-E3LG-7AR8H
http://buongiorno-caffe.co.za/
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