Topic: CVFS IPO lets give people their first step into NXT (IPO Shares Available) (Read 6338 times)

Little P 1 · February 08, 2015, 02:05:57 am

Update Snap Shot: First Dividend has been paid check your accounts!

Cryptovest Financial Services Asset Id: 3982465794986004670

CVFS is proud to issue 100000 CVFS NXT assets. The owner of these assets has the right to claim profits of Cryptovest FS based on the clarification of ownership as stated out in the corporate structure of the prospectus of the full VIPO. That is that 15% of all profits generated from our customer fees should be paid to the owner of any certified CVFS asset. You can download the full prospectus here http://www.cryptovest.co.uk login details User: Investor Pass:CVFS

Ardeve Identification- https://ardeva.com/profile/c5170b1c-2cd3-4471-93bf-e5ab8a354f54

Promo Video https://www.youtube.com/watch?v=tcv90_I68Mc

By purchasing these assets you help CVFS to raise money to help realize some clear objectives.

1. Provide realistic, sustainable and stable long term returns for their shareholders.
2. Kick start their asset management company by covered basic costs to create regulated/non regulated investment products.
3. Promote market stability by expanding our services and improving the crypto market infrastructure by providing free open source software to the community.
4. When we issue in a new crypto currency our customers have a portion of their fees distirbuted to that crypto currency (NXT in this case) and this is used to provide a natural liquidity for our assets and allows them to get their first step into NXT

About the business model:

To understand more about our business we encourage you to visit our website and read our prospectus document http://www.cryptovest.co.uk/resources/VIPO%20CVIM%20Full%201.1.pdf

We provide a platform for fiat investor who want low risk exposure to cryptocurrencies and charge them fee's a portion of which are redistributed to all CVFS asset holders.

We pay dividends in NXT monthly starting from March.

Dividends paid

15364851514925051432 21/03/2015 03:02:06 Dividend Payment 0.35 CVFS
10847790907191962857 31/03/2015 16:19:14 Dividend Payment 0.35 CVFS

About the IPO and Shares:

Quick Key Facts:

• All crypto assets have equal voting rights.

• All shares can be converted to hold co (BIT4me) shares if requested.

• Our Governance Committee monitors operations to eliminate internal fraud and improve ethical. We pay dividends monthly!

• While these shares are not equity but they can be converted into non listed illiquid equity allowing share holders to be full owners this is not just a revenue share.

Help us bring Cryptovest to the world!

To get updates about Cryptovests progress, invitations to our google hangout and notifications in advanced please send your email to info@cryptovestfs.com

If you have any questions at all please feel free to ask.

Little P 1 · February 08, 2015, 02:21:13 am

Right after having a look around I noticed there are a few investment type fund listing on NXT.

So let me try and separate us from them a little bit.

We are focused on attracting people outside of the crypto community and getting them to invest with us their fee's make up our revenue.

We charge them a management fee and a performance fee.

Strategy.

Unlike most funds we do very little speculation our fund is a long term investment fund for people who want exposure at lower risk. That said we do hedge downside risk when we perceive a significant drop in prices but mostly we do not speculate on prices.

So as you can see our customers have a long term view they hold for a minimum period of 1-3 years that means a sustainable stream of income for us and for you!

We are also building open source software to help market makes complete transactions more efficiently.

There is a lot more including a 48 page document and a 13 page mini version found on our website.

JanSako · February 08, 2015, 01:31:56 pm

Hi Little P 1,

Very well thought through, nicely presented! Welcome to NXT AE!

Appreciate the personal info in the prospectus (name, address and bank information is there, for anyone to check), can you please explain what is your current business form (sole trader, LTD?), and how do you comply with the UK rules for issuing securities?

A few more questions:

- where are you at this point in meeting the initial funding goals? Stage 1: 120 BTC?, Stage 2: 1100 BTC? (I understand this is across multiple funding sources)
- Please provide verification that you are indeed representing Cryptovest (the prospectus states N/A for NXT AE). Including the Asset ID in the prospectus would be enough for that.
- The company address is in a residential area in London...

Good luck with your asset!

Little P 1 · February 08, 2015, 11:31:22 pm

Quote

Hi Little P 1,

Very well thought through, nicely presented! Welcome to NXT AE!

Appreciate the personal info in the prospectus (name, address and bank information is there, for anyone to check), can you please explain what is your current business form (sole trader, LTD?), and how do you comply with the UK rules for issuing securities?

Dear JanSako,

Yes we believe that being transparent is the best way to run a business.

The company is a LTD and it is a holding company you can see a summary of the corporate structure here.

It is currently registered as dormant because we are fund raising and not officially trading yet.

In the UK there are clear rules for equities but what we are selling are not equities they are digital assets of the company they have no formal legal holding. Though we voluntarily allow them to be transferred into real equity which allows us to skirt the regulation on equities. These are effectively convertible royalties ( convertible into equity)

Quote

- where are you at this point in meeting the initial funding goals? Stage 1: 120 BTC?, Stage 2: 1100 BTC? (I understand this is across multiple funding sources)

Yes we are going all out and trying to raise from as many sources and platforms as possible if you know anything I have missed please let me know.

cryptovest.co.uk/investors-info.php has the results of our fundraising efforts

Round 1 : 16% complete (19.03/120 BTC)
Round 2 : 580 BTC
Round 3 : 1200 BTC

Originally this was our target before we would be able to start paying dividends however we actually managed to obtain a few trail customers pre fundraise allowing us to pay a dividend now monthly.

Quote

- Please provide verification that you are indeed representing Cryptovest (the prospectus states N/A for NXT AE). Including the Asset ID in the prospectus would be enough for that.

Forgive me creating the asset on NXT was only done recently I will update the document hopefully that will serve as proof. Also there are a few more pictures in the document now.

Quote

- The company address is in a residential area in London...

The registered address is my house if you ever come to the UK that is where you will find me. Though i meet new clients in Pall Mall here iod.com/ of which Cryptovest is a member.

Quote

Good luck with your asset!

Thank you for the luck! Hopefully the NXT community helps support this project Asset Id: 3982465794986004670

printshop · February 09, 2015, 04:52:39 am

Quote from: Little P 1 on February 08, 2015, 02:05:57 am

If you have any questions at all please feel free to ask.

*devil smiley*

Based on the clarification of ownership, as stated in a corporate structure, it seems your corporation retains the rights to all assets and profits generated by your operations. Yet you seem to have stated that we will be able to -- at any time -- convert non-voting non-paying shares (ex. class B) shares into voting, paying shares (ex. Class A)? Is this an official corporate bylaw? Or, what assurances do we have that these rights are immutable?

Quote from: Little P 1 on February 08, 2015, 11:31:22 pm

In the UK there are clear rules for equities but what we are selling are not equities they are digital assets of the company they have no formal legal holding. Though we voluntarily allow them to be transferred into real equity which allows us to skirt the regulation on equities. These are effectively convertible royalties ( convertible into equity)

How are you classifying your listing wrt accounting? The way I've set mine up is we have a shareholder loan agreement, convertible up to a limit of 50 times. If I listed on the NXT AE I would call it an auction, and the remaining shares would have a buyout at the end of the auction. This is based on the NXT AE being a private investment club (wouldn't you agree?)

Quote from: Little P 1 on February 08, 2015, 02:05:57 am

Round 1 : 16% complete (19.03/120 BTC)

Ambitious but you seem to be doing well.

Good luck ~

Little P 1 · February 10, 2015, 07:32:10 am

Quote

Based on the clarification of ownership, as stated in a corporate structure, it seems your corporation retains the rights to all assets and profits generated by your operations. Yet you seem to have stated that we will be able to -- at any time -- convert non-voting non-paying shares (ex. class B) shares into voting, paying shares (ex. Class A)? Is this an official corporate bylaw? Or, what assurances do we have that these rights are immutable?

We classify these assets as non equity digital convertible royalties that give CVFS the option to pay up to 15% of the company's profits to the holder and we are committed to allowing anyone who purchases a Cryptovest Asset to convert into the hold-co shares alongside similar terms to any VC/HNW investors that purchase shares in the traditional manner we have allocated 15% of the company's shares for this purpose and it will be made clear to any fiat investors coming on-board.

Quote

How are you classifying your listing wrt accounting? The way I've set mine up is we have a shareholder loan agreement, convertible up to a limit of 50 times. If I listed on the NXT AE I would call it an auction, and the remaining shares would have a buyout at the end of the auction. This is based on the NXT AE being a private investment club (wouldn't you agree?)

Because of the type of business we will be operating, we have to have an external auditor so we will be forced to follow the general fund management account rules which are pretty strict dictated by our auditor.

What is "wrt accounting" I am unfamiliar with that acronym.

In terms of our fundraise we have a maximum amount of funds we can raise both in fiat and in crypto we will keep raising funds until we hit that target.

It is important to note that we will eventually move from investment club into investment fund so we need to prepare for that.

Quote

Quote from: Little P 1 on February 08, 2015, 02:05:57 am
Round 1 : 16% complete (19.03/120 BTC)

Ambitious but you seem to be doing well. Quote

Update it is now Round 1 : 16.6% complete (19.96/120 BTC)

I will do everything in power to make this venture work.

If you have any further questions please feel free to ask about CVFS Asset Id: 3982465794986004670

printshop · February 10, 2015, 01:36:34 pm

Quote from: Little P 1 on February 10, 2015, 07:32:10 am

It is important to note that we will eventually move from investment club into investment fund so we need to prepare for that.

Ok I think I understand where you're coming from. We'd like to be in your investment club (for now :p )

btw, "wrt accounting" means with-respect-to accounting. I meant, what did you tell your accountant these assets were

Quote from: Little P 1 on February 10, 2015, 07:32:10 am

Update it is now Round 1 : 16.6% complete (19.96/120 BTC)

I will do everything in power to make this venture work.

If you have any further questions please feel free to ask about CVFS Asset Id: 3982465794986004670

I'll probably place a small bid and start charting the returns and price movements.. I sent you a PM on whether you may wish to do a bigger deal, say 1 BTC worth/20k NXT or so to start. For us it's all about cashflow so we're willing to do a share deal.

13Darko · February 12, 2015, 09:14:01 pm

Looks like nobody's buying this asset at the moment. Need more marketing probably?
It was hard to understand for me, not native english speaker, what you are actually planning to do.
Try to edit your post, less words, more information, add a beautiful picture with "money stream" or smth else, this attracts people

Have you reached your goal for round 1?

Little P 1 · February 12, 2015, 10:48:13 pm

Quote

Looks like nobody's buying this asset at the moment. Need more marketing probably?
It was hard to understand for me, not native english speaker, what you are actually planning to do.
Try to edit your post, less words, more information, add a beautiful picture with "money stream" or smth else, this attracts people

Hi 13Darko,

We have sold more then i expected in NXT tbh and there are some orders left that have not been filled considering we only issued the asset a while ago.

They will also i think it will pick up substantially once we pay our first dividend which is paid every 30 days.

You are correct I will do my best to increase the clarity of our offering.

We are just finishing our marketing this post was just a quick hello i will create a controlled post later keeping your points in mind.

Thank you very much for your comments.

Kind Regards,

CVFS

Little P 1 · February 12, 2015, 10:53:46 pm

Quote from: printshop on February 10, 2015, 01:36:34 pm

Quote from: Little P 1 on February 10, 2015, 07:32:10 am
It is important to note that we will eventually move from investment club into investment fund so we need to prepare for that.

Ok I think I understand where you're coming from. We'd like to be in your investment club (for now :p )
btw, "wrt accounting" means with-respect-to accounting. I meant, what did you tell your accountant these assets were

Quote from: Little P 1 on February 10, 2015, 07:32:10 am
Update it is now Round 1 : 16.6% complete (19.96/120 BTC)

I will do everything in power to make this venture work.

If you have any further questions please feel free to ask about CVFS Asset Id: 3982465794986004670

I'll probably place a small bid and start charting the returns and price movements.. I sent you a PM on whether you may wish to do a bigger deal, say 1 BTC worth/20k NXT or so to start. For us it's all about cashflow so we're willing to do a share deal.

Dear Printshop,

Our accountant/auditor has worked with crypto based hedge funds before so they are familiar with them as assets. In terms of balance sheet our classification will depend on our jurisdiction.

Well our focus is sustainable cashflow I didn't think it would be possible until we raised the full first round funding but we have a few customers early who are providing some basic cashflow. Once the fundraise is complete I will focus again on building the number of customers up.

Kind Regards,

CVFS

starfishi · February 13, 2015, 10:58:54 pm

Bought this asset, just for fun.
Palease, tell me, Lee has nothing to do with this, (but he would have chosen something like "Le Grande A 1", instead of "Little P 1"

) as i would sell immediately, but to whom, no bid orders at the SAE, why ? There´s some effort behind it, no ?
The plan just sounds good, so i´m hodling, I´m a believer . .

13Darko · February 17, 2015, 11:02:04 am

What happens if you don't raise 120 btc in round 1?

Quote from: Little P 1 on February 08, 2015, 11:31:22 pm

... however we actually managed to obtain a few trail customers pre fundraise allowing us to pay a dividend now monthly.

What's the date of the 1st dividend payment?

Little P 1 · February 19, 2015, 07:07:40 pm

Dear Darko,

We will make our first payment on March the 8th so 30 days after issue and then monthly from then on out.

If we don't raise the full 120 our dividends will still not be at their higher level the more capital we have the more profit we can make check this is also a key point where we believe the dividends will be more sustainable.

Check out the funding target section of our prospectus for more information.

We will raise the full amount just no guarantees on how long it will take.

Please let me know if you have any other questions.

Kind Regards,

CVFS

Little P 1 · February 20, 2015, 11:24:40 pm

Thank you for all the support so far we are makign progress and now have our first of two promo videos

We will be heavily promoting NXT to our customers.

Promo Video https://www.youtube.com/watch?v=tcv90_I68Mc

Kind Regards,

CVFS

TheCoinWizard · February 21, 2015, 12:01:44 am

Quote from: Little P 1 on February 20, 2015, 11:24:40 pm

Thank you for all the support so far we are makign progress and now have our first of two promo videos

We will be heavily promoting NXT to our customers.

Promo Video https://www.youtube.com/watch?v=tcv90_I68Mc

Kind Regards,

CVFS

In your promo video, you promote Litecoin, Namecoin and Peercoin an infinit times more than nxt...

so sad

Little P 1 · February 22, 2015, 11:59:48 am

I know I know i was even tempted to put NXT in the description.

The problem is when this video was originally made i was not aware of NXT you will have to forgive me there will be another video and I will mentioned NXT.

As for promotion our customers can purchase assets in NXT as a chosen platform if they choose to

. We also did a talk on NXT during the last seminar.

Kind Regards,

CVFS

13Darko · March 10, 2015, 10:23:59 am

Hello! Any news?

Little P 1 · March 10, 2015, 12:54:44 pm

Dear Members,

We are ready to pay out the first dividend in the next few days however we will be creating a new asset all current owners will receive this new asset based on how much of CVFS they currently own on a 1:1 basis this is due to some issues we have had with a certain exchange.

If we can resolve it in the next few days dividends will be paid as normal otherwise we will issue the new asset by the end of the week and distribute dividends to you on the same day.

The amount of asset and dividends will not change an announcement will be made on dividend payment day.

We will be adding NXT to our brokerage site www.crypto4me.co.uk

For full updates please send your email to info@cryptovestfs.com

Kind Regards,

CVFS

starfishi · March 11, 2015, 05:37:46 pm

Quote from: Little P 1 on March 10, 2015, 12:54:44 pm

Dear Members,

We are ready to pay out the first dividend in the next few days however we will be creating a new asset all current owners will receive this new asset based on how much of CVFS they currently own on a 1:1 basis this is due to some issues we have had with a certain exchange.

If we can resolve it in the next few days dividends will be paid as normal otherwise we will issue the new asset by the end of the week and distribute dividends to you on the same day.

The amount of asset and dividends will not change an announcement will be made on dividend payment day.

We will be adding NXT to our brokerage site www.crypto4me.co.uk

For full updates please send your email to info@cryptovestfs.com

Kind Regards,

CVFS

Can´t wait for the dividends. What? New asset ? Ok, give me that instead ! Well, no, don´t bother

(People, don´t confuse CVFS with CVF on the AE, BIG difference ! ! )

The title: "lets give people their first step into NXT", is quite a slap in the face here, don´t you think ?
(bitcoinpauls welcome . . )

edit: ok, for those, who don´t know me, this post was ment as sarcasm, and i´m of the opinion, that CVFS is a scam . . !

Little P 1 · March 14, 2015, 07:58:08 am

On that note i need some help with the new ticker i was thinking CVFSD1 or CVFSD (D for dividend)

Also we are giving people their first step into NXT because when they invest with us we automatically add NXT to their portfolio atm.

Kr,

CVFS

News:

Author Topic: CVFS IPO lets give people their first step into NXT (IPO Shares Available) (Read 6338 times)