Topic: BGCAFFE Asset Monthly Payout (Read 96163 times)

bgcaffe · « **Reply #360 on:** May 02, 2016, 08:22:05 pm »

Made payout today at 0.38 NXT per a share, there have been some loss of tenants in the office building and extra expenses, we are hoping that new tenants will be in within the next two months.

Bakery is doing well though and we should be ready to start trying to get deliveries going to other stores in the same city, this should help us boost profit up as well.

Will keep you posted as we have news.

bgcaffe · « **Reply #361 on:** June 01, 2016, 08:43:52 pm »

Hi All,

May payout at 0.32NXT per asset.

Things are picking up slowly as new tenants coming in but there are quite a few additional expenses that are bring the asset payout down. We should be picking up around August.

bgcaffe · « **Reply #362 on:** July 06, 2016, 08:35:39 pm »

Payout for June, since the rise in the price of NXT the payout is only 0.1 NXT per an asset. We are also investing quite a bit into the stores now on advertising running specials this is picking the customer base and should provide better income in the months to come.

farl4bit · « **Reply #363 on:** July 07, 2016, 06:00:33 am »

Good to see you are doing a more regular payout.

Joseph123 · « **Reply #364 on:** July 24, 2016, 01:40:24 pm »

This is a great asset, I already got a few thousand NXT in it

Wendy · « **Reply #365 on:** July 31, 2016, 06:18:25 am »

by far the safest investment around here, looks like most assets are scam but this one is good

SamIbandii · « **Reply #366 on:** August 25, 2016, 05:29:42 pm »

Any update BG?

kseistrup · « **Reply #367 on:** September 15, 2016, 07:26:01 am »

Is this asset still paying dividends?

eclips · « **Reply #368 on:** October 03, 2016, 01:01:40 pm »

made some dinging, mostly on facebook.

Buongiorno Caffe Hi, we're in the process of moving our fans to our new page as Buongiorno Cafe is re-branding to Urban Bistro. Please check out the latest news at Urban Bistro Our latest Coffee shop opened as Urban Bistro and we will soon follow with the re - branding of Buongiorno to make it one concept. Sorry for the confusion. If you are an asset holder, don't worry your assets are still under BGCAFFE and the re - brand won't effect this.

New facebook page :
https://www.facebook.com/urbanbistro.co/
New website :
http://www.urbanbistro.co.za/

op was last see late september here.

in Supernet & nxt annuel report 2015, they're talking about an asset swap :
https://www.yumpu.com/en/document/view/55380117/solutions-anyone-universally-groundbreaking/96

bgcaffe · « **Reply #369 on:** October 13, 2016, 08:37:00 am »

Apologies to all our asset holders we really have not had time to follow up on the asset. The other reason was that there were critical decisions that needed to be made before we announced anything.

So basically the original shop BGCaffe is going to be closed come end of November. This however is not necessarily a bad thing, this shop never really made a large profit and was our pilot shop that led up to the opening of Urban Bistro which is now growing and getting stronger. The reasons for closing BG were primarily that the building we are in drop 40% in tenancy, hence sales dropped and that even with full tenancy we cannot realize our goals with its locations being contained in a office building of its sice +- 400 persons. We need at least 1500+ people to run a fully fledged store otherwise it just becomes like a grab and go.

The way forward is to now do the following and we welcome feedback from our asset holders to help us make some decisions:

1. Fully transition to the new asset will probably call it UrbanBistro

2. We are busy liquidating the equipment and other assets of the old store so we can put up a buy wall for the current BGCAFFE asset or do a final payout for the old asset?

3. Decide whether to continue paying out in Nxt or shift to Etherium, I know this is going to be controversial for NXT holders but in reality we did not get a wide enough audience on NXT to support opening more stores. We love the community however I think for us to achieve a greater growth will need to expose on a larger platform.

4. Once Urban is generating profit which is estimated to be early next year payout will resume on the chosen asset and platform.

I will be checking into the forum more regularly now to keep you all updated and answer questions.

Thank you all for your support and patience.

kseistrup · « **Reply #370 on:** October 13, 2016, 05:12:34 pm »

Quote from: bgcaffe on October 13, 2016, 08:37:00 am

2. We are busy liquidating the equipment and other assets of the old store so we can put up a buy wall for the current BGCAFFE asset or do a final payout for the old asset?

First of all: Thanks for your writeup, it was good to finally hear something!

I will suggest that once you have a realistic roadmap you send a message to all BGCAFFE holders (you know who they are and you have their addresses) with a link to the roadmap and future plans. As an asset holder it is too easy to miss a forum message from asset issuers, but if you send an arbitrary message via NXT there is no excuse for anyone to miss your message.

// Klaus

Seccour · « **Reply #371 on:** October 13, 2016, 07:45:41 pm »

Quote from: bgcaffe on October 13, 2016, 08:37:00 am

Apologies to all our asset holders we really have not had time to follow up on the asset. The other reason was that there were critical decisions that needed to be made before we announced anything.

So basically the original shop BGCaffe is going to be closed come end of November. This however is not necessarily a bad thing, this shop never really made a large profit and was our pilot shop that led up to the opening of Urban Bistro which is now growing and getting stronger. The reasons for closing BG were primarily that the building we are in drop 40% in tenancy, hence sales dropped and that even with full tenancy we cannot realize our goals with its locations being contained in a office building of its sice +- 400 persons. We need at least 1500+ people to run a fully fledged store otherwise it just becomes like a grab and go.

The way forward is to now do the following and we welcome feedback from our asset holders to help us make some decisions:

1. Fully transition to the new asset will probably call it UrbanBistro

2. We are busy liquidating the equipment and other assets of the old store so we can put up a buy wall for the current BGCAFFE asset or do a final payout for the old asset?

3. Decide whether to continue paying out in Nxt or shift to Etherium, I know this is going to be controversial for NXT holders but in reality we did not get a wide enough audience on NXT to support opening more stores. We love the community however I think for us to achieve a greater growth will need to expose on a larger platform.

4. Once Urban is generating profit which is estimated to be early next year payout will resume on the chosen asset and platform.

I will be checking into the forum more regularly now to keep you all updated and answer questions.

Thank you all for your support and patience.

1. Ok cool.

2. Just convert old asset to the new one ?

3. Ethereum is very very ( very ) immature. Ethereum is being attack for days now, and the blockchain just get a +10 Go in the last 24h just because of that. NXT is easy to use and user friendly. So my opinion is to stick to NXT. ( I hold both Ethereum and NXT token - And Ethereum Classic

)

4. Cool Cool Cool.

bgcaffe · « **Reply #372 on:** October 14, 2016, 09:56:16 am »

Thanks,

Noted and will do so.

Quote from: kseistrup on October 13, 2016, 05:12:34 pm

Quote from: bgcaffe on October 13, 2016, 08:37:00 am
2. We are busy liquidating the equipment and other assets of the old store so we can put up a buy wall for the current BGCAFFE asset or do a final payout for the old asset?

First of all: Thanks for your writeup, it was good to finally hear something!

I will suggest that once you have a realistic roadmap you send a message to all BGCAFFE holders (you know who they are and you have their addresses) with a link to the roadmap and future plans. As an asset holder it is too easy to miss a forum message from asset issuers, but if you send an arbitrary message via NXT there is no excuse for anyone to miss your message.

// Klaus

shmoula · « **Reply #373 on:** November 25, 2016, 05:44:34 pm »

Can you at least provide us with some roadmap? There were many other assets in cryptoworld, which did some "transformation" and no one hear about them anymore.

SamIbandii · « **Reply #374 on:** November 25, 2016, 07:27:37 pm »

Yes! I would also like to hear what's next.

bgcaffe · « **Reply #375 on:** December 30, 2016, 07:54:54 am »

Dear Asset holders,

After much discussion we have decided that in the new year we will start to put up buy walls to purchase back the BGCAFFE assets at a decided price. Which we will announce closer to the time.
Buy back will commence on the 9th of Junuary should the price be below the buy wall.

The new store will undergo renovations and improvements in February and is on its way to recovering the investments from last year. With the smaller store now closed we are focusing all our efforts on getting the formula 100% right. The original store was too small to make any considerable profit and when the building started to loose tenants it fell into a negative. So this was a lesson learn t.

With the new store we have a variety of income not only from the tenants in the office part. With business coming in from the bakery and new gift baskets and the fact that we have become more of a destination shop this has secured us. However with more and more tenants coming in at the new office park this is just a bonus. We project that dividend payments can start again around June 2017 and this is great news.

We appreciate everyone who has stuck with us and look forward to building back on our vision of opening many more shops during the coming years. We have learn t much over the last years and have been one of the more stable assets. More announcements will be made in the new year.

Continue having a wonderful festive season and an awesome new year!

Quote from: shmoula on November 25, 2016, 05:44:34 pm

Can you at least provide us with some roadmap? There were many other assets in cryptoworld, which did some "transformation" and no one hear about them anymore.

Nexxie · « **Reply #376 on:** December 31, 2016, 12:19:35 pm »

Quote from: bgcaffe on December 30, 2016, 07:54:54 am

Dear Asset holders,

After much discussion we have decided that in the new year we will start to put up buy walls to purchase back the BGCAFFE assets at a decided price. Which we will announce closer to the time.
Buy back will commence on the 9th of Junuary should the price be below the buy wall.

The new store will undergo renovations and improvements in February and is on its way to recovering the investments from last year. With the smaller store now closed we are focusing all our efforts on getting the formula 100% right. The original store was too small to make any considerable profit and when the building started to loose tenants it fell into a negative. So this was a lesson learn t.

With the new store we have a variety of income not only from the tenants in the office part. With business coming in from the bakery and new gift baskets and the fact that we have become more of a destination shop this has secured us. However with more and more tenants coming in at the new office park this is just a bonus. We project that dividend payments can start again around June 2017 and this is great news.

We appreciate everyone who has stuck with us and look forward to building back on our vision of opening many more shops during the coming years. We have learn t much over the last years and have been one of the more stable assets. More announcements will be made in the new year.

Continue having a wonderful festive season and an awesome new year!

Ok thanks for letting shareholders know.
The buy wall should at least be the initial purchase price.
Really sorry to hear that you are leaving the asset.

Happy and successful new year!

shmoula · « **Reply #377 on:** January 02, 2017, 06:29:22 pm »

Thanks for some info!!
Anyways I'm confused a little bit - are you going to close bgcaffe asset, or not?

Quote

Buy back will commence on the 9th of Junuary should the price be below the buy wall.

Quote

We project that dividend payments can start again around June 2017 and this is great news.

kseistrup · « **Reply #378 on:** January 15, 2017, 05:56:20 pm »

Quote from: bgcaffe on December 30, 2016, 07:54:54 am

After much discussion we have decided that in the new year we will start to put up buy walls to purchase back the BGCAFFE assets at a decided price. Which we will announce closer to the time.
Buy back will commence on the 9th of Junuary should the price be below the buy wall.

Where's the buy wall and what's the price?

SamIbandii · « **Reply #379 on:** January 22, 2017, 05:59:58 pm »

Are there really no new investment opportunities in BGCAFFE?

News:

Author Topic: BGCAFFE Asset Monthly Payout (Read 96163 times)