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altcoinherald

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #120 on: October 16, 2014, 12:24:30 pm »

Hello everyone!

Let me first say 'thanks' to everyone that has participated in our project thus far.

As promised, here are our numbers for the first dividend payout - taking place on November 1, 2014:

We had $1537.00 Total Revenues with $307.40 (20%) Placed in Reserve.

The 40% eligible for dividend payouts on 5 million shares is $614.80. 

Nxt at .0006200 = 25,225 NXT total distribution.

Each ACH asset qualifies for a dividend payout of 0.005045.

Example: Assetholder has 25,000 ACH.

25,000 ACH X .005045 = 126 NXT Dividend Payout

Work and progress continues on the site - with the addition of new website sections, continuing work on the toolbox and other features, ongoing social media and business development outreach.

Second Dividend Payout Details

Any ACH assets purchased/held now through October 30, 2014 will qualify for our second dividend payout.

Earnings for this period will be announced on October 31, 2014 and the payout will take place on November 15, 2014.

Thanks again for your continued interest - it's a pleasure working with you!  ;D

PureVision

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #121 on: October 16, 2014, 01:16:49 pm »

Why do you have a 15day delay between dividend calculation and the actual payout?
Why not pay the dividend immediately after the calculation?
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altcoinherald

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #122 on: October 16, 2014, 03:54:49 pm »

Hello PureVision~

Thanks for your inquiry about our payout schedule.

This is how it was set up from the beginning of the offering.

You can find all of the details on ACH here: https://alth.co/rDPPI

Thanks for your consideration and have a great day!

JanSako

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #123 on: October 16, 2014, 04:42:19 pm »

Hi There,

It seems to me that you are calculating dividends on the total number of shares issued (5 mil). You have only sold a fraction of that (6-700k), so why are the unsold shares earning interest too? And who is getting that interest?

I know the formula is described in your wiki, but you must know this is a highly unusual scenario...


THX!
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sv3n

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #124 on: October 16, 2014, 05:11:34 pm »

Hi There,

It seems to me that you are calculating dividends on the total number of shares issued (5 mil). You have only sold a fraction of that (6-700k), so why are the unsold shares earning interest too? And who is getting that interest?

I know the formula is described in your wiki, but you must know this is a highly unusual scenario...


THX!
Not really, it just means the shares are non dilutable. They would hold onto the profits as the asset issuer.  FunBot is doing the same thing with one of his assets.
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PureVision

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #125 on: October 16, 2014, 09:35:24 pm »

Hello PureVision~

Thanks for your inquiry about our payout schedule.

This is how it was set up from the beginning of the offering.

You can find all of the details on ACH here: https://alth.co/rDPPI

Thanks for your consideration and have a great day!

Yes, I know it was set up like that since the ANN of your asset.
I'm just wondering what the reasoning behind it is.
Why hold on to the dividends for 15 days before paying them out to your investors?
There must be a reason why you made that decision.

Btw, I have ACH shares, so I'm asking as an investor.
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Abraxas 147

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #126 on: October 17, 2014, 07:37:37 am »

Hi Heather, congratulation to your first dividend!

One additional question to this:

Quote
As I've stated, this is a private sale from someone that isn't active (and doesn't want to be active) in the NXT community, but trusts us.

They committed to buying assets in our offering despite their reluctance to be involved with the NXT community.

We've slowly been acquiring shares on their behalf - all transactions are visible on the blockchain.


Why are you "slowly acquiring" this shares? Makes no sense to me. Let me asume there is a "hidden" investor why not just take his/her coins (e.g. BTC), create a NXT account and transfer the corresponding amount of shares to this account.

The way you are doing it results in a tremendous amont of fees per share. Let's look at an example to make this concrete:

TX 929304090026851768 -> ACH Issuer Account send 14198.19290901 NXT to NXT-L7EX-CN4P-FFXB-72VMP (1 NXT Fee)
TX 5772800330999201859 -> This account send 4198.29090901 NXT to NXT-FZX8-TG5C-65HL-59J5V (4 NXT Fee)
TX 7096555331293857580 -> This account send 101 NXT to NXT-6PWR-8EMR-JPL7-799C9 (1 NXT Fee)
TX 7466521941662259947 -> This account send 991.27645362 to NXT-T7LS-VGV2-8GEU-H95DC (1 NXT Fee)
TX 7333971768454892206 -> This account send 221 NXT to NXT-TC9P-MUDA-BMSZ-6Q5XT (1 NXT Fee)
TX 6789385243274909976 -> This account acquires 100 (!) Shares (1 NXT Fee)

9 NXT Fee for acquiring 100 shares (compared to a first dividend of 0.5045 NXT). Wow. And this is only one example. All the above accounts are buying shares, allways in very small amounts. And this is ongoing.

Could you please coment on this? Maybe I missed something. I only want to understand this. Thanks!
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printshop

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #127 on: October 17, 2014, 09:24:05 am »

Hi Heather, congratulation to your first dividend!

One additional question to this:

Quote
As I've stated, this is a private sale from someone that isn't active (and doesn't want to be active) in the NXT community, but trusts us.

They committed to buying assets in our offering despite their reluctance to be involved with the NXT community.

We've slowly been acquiring shares on their behalf - all transactions are visible on the blockchain.


Why are you "slowly acquiring" this shares? Makes no sense to me. Let me asume there is a "hidden" investor why not just take his/her coins (e.g. BTC), create a NXT account and transfer the corresponding amount of shares to this account.

The way you are doing it results in a tremendous amont of fees per share. Let's look at an example to make this concrete:

TX 929304090026851768 -> ACH Issuer Account send 14198.19290901 NXT to NXT-L7EX-CN4P-FFXB-72VMP (1 NXT Fee)
TX 5772800330999201859 -> This account send 4198.29090901 NXT to NXT-FZX8-TG5C-65HL-59J5V (4 NXT Fee)
TX 7096555331293857580 -> This account send 101 NXT to NXT-6PWR-8EMR-JPL7-799C9 (1 NXT Fee)
TX 7466521941662259947 -> This account send 991.27645362 to NXT-T7LS-VGV2-8GEU-H95DC (1 NXT Fee)
TX 7333971768454892206 -> This account send 221 NXT to NXT-TC9P-MUDA-BMSZ-6Q5XT (1 NXT Fee)
TX 6789385243274909976 -> This account acquires 100 (!) Shares (1 NXT Fee)

9 NXT Fee for acquiring 100 shares (compared to a first dividend of 0.5045 NXT). Wow. And this is only one example. All the above accounts are buying shares, allways in very small amounts. And this is ongoing.

Could you please coment on this? Maybe I missed something. I only want to understand this. Thanks!

It really looks like Heather has stolen company shares. Why didn't we hear about these mysterious Germans until after we noticed the transfers? Heather needs to be able to prove she has the money to cover the sales. It has to be made visible in her company. Either she needs to show us fiat receipts, bitcoin transactions, or an amount of NXT in her company account. If she cannot do that then the conclusion is obvious.
« Last Edit: October 17, 2014, 09:44:12 am by printshop »
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whale

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #128 on: October 17, 2014, 09:31:36 am »

I messaged Heather ~24 hours ago in hope that she would release an official statement. I am yet to hear back from her. In the past, Heather has demonstrated eagerness to be transparent and she has always answered my messages promptly. I hope she takes my advice and puts this to rest.
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altcoinherald

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #129 on: October 17, 2014, 10:17:54 am »

Hello everyone~

I've already issued the official statement regarding the private sales.

These investors are looking at ACH as a long term investment - from outside the NXT community.

Since you have expressed displeasure we have went ahead and contacted our German investor and told him that we'll
no longer be able to conduct sales on his behalf.

Thanks for your consideration and have a great day.



« Last Edit: October 17, 2014, 10:55:56 am by altcoinherald »
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sv3n

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #130 on: October 17, 2014, 11:12:20 am »

Hello everyone~

I've already issued the official statement regarding the private sales.

These investors are looking at ACH as a long term investment - from outside the NXT community.

Since you have expressed displeasure we have went ahead and contacted our German investor and told him that we'll
no longer be able to conduct sales on his behalf.

Thanks for your consideration and have a great day.

This is not what we were looking for.  None of us are concerned that there are private investors who don't want to participate in the NXT protocol, that's bound to happen.  Our concern has been how the investment is supposedly handled.  I don't agree with printshop that you are stealing funds, or the conclusion is obvious, as it appears to me instead that you're creating false volume to raise your position on the AE reporting tools, such as SAE and NXTReporting.  Otherwise, why would investors need funds from the account that is in fact raising the funds.  This is the question that we want answered.

You've been so open and transparent about everything else, this is such odd behavior.  I normally don't try to get involved in these things as they come off as trollish, but your statements have been so dodgy that it really struck me.  Please address this concern, and not with a reply of "there are private investors".  Is it some sort of escrow, or accounting practice, or some other  method you are using to keep track, and if so, please explain to us in a way that suggests you are not doing something dubious.
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altcoinherald

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #131 on: October 17, 2014, 11:35:32 am »

Hello~

Thanks for your inquiry.

There was  approximately 400,000 ACH sold via private sales - as I stated, we will no longer conduct sales on their behalf - hopefully this won't affect our overall sales due to this.

They probably won't want to buy any more because that's how they wanted the sale done. It was  paid in equivalent using another coin.

(It's also worth noting that my 'Transfer' button doesn't work - so there was no way to complete the transaction with a simple 'transfer.')



As for the terms, the sales were conducted at 1 NXT each, so they have no advantage over any one else participating in our revenue share offer.

As for 'stealing' I really don't appreciate the accusations and I've been forthcoming, respectful and responsive to everyone that has made an inquiry.

Thanks for your consideration and have a great day!
« Last Edit: October 17, 2014, 11:51:32 am by altcoinherald »
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sv3n

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #132 on: October 17, 2014, 01:00:39 pm »

They probably won't want to buy any more because that's how they wanted the sale done. It was  paid in equivalent using another coin.

There are no incoming payments into the issuing account (except the initial funds to issue the asset).  But there is an outgoing payment into NXT-FZX8-TG5C-65HL-59J5V.  Aside from that payment, account FZX8 is funded only through payments coming from NXT-L7EX-CN4P-FFXB-72VMP.  In turn, account L7EX is only funded through the issuing account.  Therefore, FZX8 is funded soley by the issuing account and is only purchasing shares of ach.  There are no incoming transactions to offset the purchasing of ach shares from BTER or anywhere else, so how are equivalent values of another coin entering into this system?  When you state that you are being transparent by using the blockchain, and yet there is this odd obfuscation of transactions being done by the issuing account, this is what worries us.

As for 'stealing' I really don't appreciate the accusations and I've been forthcoming, respectful and responsive to everyone that has made an inquiry.

Personally, I did not mean to accuse, only to state what it looks like to me as an investor.  You have been very forthcoming about every other issue or concern brought up, except for this one.  You have only stated that it's a private sale without explanation, and that is what has lead the stirring of the pot.

As the saying goes, trust but verify.  There was trust, but now we have to verify.  Until that verification occurs, trust has been reduced.  And please understand, that in our world of decentralization, we have only ourselves and our trust in each other to go off of.  Understand that, at least from myself, I am only continuing this conversation because I have only myself to regulate the companies I invest in.  I had trusted you, and am still holding on that we can keep that trust, but a more substantial argument must be presented.
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printshop

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #133 on: October 17, 2014, 01:01:55 pm »

Hello~

Thanks for your inquiry.

There was  approximately 400,000 ACH sold via private sales - as I stated, we will no longer conduct sales on their behalf - hopefully this won't affect our overall sales due to this.

They probably won't want to buy any more because that's how they wanted the sale done. It was  paid in equivalent using another coin.

(It's also worth noting that my 'Transfer' button doesn't work - so there was no way to complete the transaction with a simple 'transfer.')



As for the terms, the sales were conducted at 1 NXT each, so they have no advantage over any one else participating in our revenue share offer.

As for 'stealing' I really don't appreciate the accusations and I've been forthcoming, respectful and responsive to everyone that has made an inquiry.

Thanks for your consideration and have a great day!

So let me get this straight, your transfer button doesn't work? Then how did you transfer the money to the account to buy shares?

Why do I feel like I'm being lied to?
« Last Edit: October 17, 2014, 01:05:00 pm by printshop »
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Abraxas 147

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #134 on: October 17, 2014, 01:25:38 pm »

Quote
(It's also worth noting that my 'Transfer' button doesn't work - so there was no way to complete the transaction with a simple 'transfer.')

Funny, your're showing us a screen were everyone can clearly see that your transfer button is O.k. 215 shares ready for transfer. Of course not more because they are on sale as you should know ;-). And even if you do not realise this dependency - there was no one here in the community you could ask?

It's sad to see that you are damaging your reputation by answers like this. You have a nice and promising business. Please return to an open and trustful communication to your investors. I don't want to accuse you. I just want reasonable answers to reasonable questions.
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altcoinherald

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #135 on: October 17, 2014, 01:54:44 pm »

Hello~

I'm actually relatively new to the NXT platform, so I don't know absolutely every intricacy of how the exchange here works.

If there's a user manual or other rules somewhere that you could refer me to I'll be happy to review them over the weekend.

As for trust, understand it works both ways.

Apparently there was a giant 'faux pas' in having a private sale - I've stated that it won't happen again. I'm sorry for any confusion this may have caused by being a 'newbie' here.




coinTEr

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #136 on: October 17, 2014, 02:25:06 pm »

So, you want to raise about $120.000 in NXT to fund your business and 6 weeks after your first announcement you now explain that you need a user manual for the NRS-client? Ironically your business is based on altcoins and your aim is "to educate and promote the use of all Cryptocurrencies - including NXT - as a major goal."....

You say the German investor told you to create a wide nested net of connected wallets which you should fund with an incredible number of small amounts over long time taking the NXT from yourself? How much time does it take to create a dozen of wallets and to move around NXT and shares the whole day in a circle causing about 5.000 NXT-fees up 'til now?

You never answered any of the important questions. It's getting hilarious!
It is so sad, because you have a real business, which is very promising and could have huge success... But this fundraising went totally wrong...
« Last Edit: October 17, 2014, 02:49:05 pm by coinTEr »
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JanSako

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #137 on: October 17, 2014, 02:59:06 pm »

Hi There,

It seems to me that you are calculating dividends on the total number of shares issued (5 mil). You have only sold a fraction of that (6-700k), so why are the unsold shares earning interest too? And who is getting that interest?

I know the formula is described in your wiki, but you must know this is a highly unusual scenario...


THX!
Not really, it just means the shares are non dilutable. They would hold onto the profits as the asset issuer.  FunBot is doing the same thing with one of his assets.

sv3n

Not sure which of FunBots do you mean, the only reference I found was this one: (sorry, haven't figured out how to paste screenshots yet :-(

From The announcement page of Funbot:
The formula for dividend payments is:

[YourShares/TotalSharesNotInIssuerAccount]*TotalDividend=YourDividend

According to Heather, ALL shares participate in dividends, even if they are sitting in the issuer's account. Again, maybe I am just too new around here, and have not seen this before...

BTW, it does say in the ACH rules that our shares may be diluted later if new revenue streams are identified and more funds need to be raised. But I have a feeling you meant a different kind of dilution.

Looking forward to see where this asset goes, will hold my few shares for now.

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sv3n

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #138 on: October 17, 2014, 03:03:26 pm »

Hi There,

It seems to me that you are calculating dividends on the total number of shares issued (5 mil). You have only sold a fraction of that (6-700k), so why are the unsold shares earning interest too? And who is getting that interest?

I know the formula is described in your wiki, but you must know this is a highly unusual scenario...


THX!
Not really, it just means the shares are non dilutable. They would hold onto the profits as the asset issuer.  FunBot is doing the same thing with one of his assets.

sv3n

Not sure which of FunBots do you mean, the only reference I found was this one: (sorry, haven't figured out how to paste screenshots yet :-(

From The announcement page of Funbot:
The formula for dividend payments is:

[YourShares/TotalSharesNotInIssuerAccount]*TotalDividend=YourDividend

According to Heather, ALL shares participate in dividends, even if they are sitting in the issuer's account. Again, maybe I am just too new around here, and have not seen this before...

BTW, it does say in the ACH rules that our shares may be diluted later if new revenue streams are identified and more funds need to be raised. But I have a feeling you meant a different kind of dilution.

Looking forward to see where this asset goes, will hold my few shares for now.
FunBotReve is not diluted, it pays a fixed 30% of profits. It's in the FunBot thread, I can find a link if you like.
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satoshi

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Re: [ANN] [ACH] Altcoin Herald Now Available As An Asset
« Reply #139 on: October 17, 2014, 03:43:01 pm »

I have been crunching some numbers...

Out of 5,000,000 original assets offered for original sale, 4,326,280 assets still remain unsold.
Total assets sold so far=673720
%age asset sold= 673720/5,000,000*100=13.47%

You are offering 40% profits as dividends, but keeping 86.53% of these dividends anyways. ???

86% of 25,225=21694

So basically you are paying out 3531 NXT as dividend

At today's rate of .023 NXT/USD you are paying out a dividend of $81

excuse me as I gotta go and work on my cookie robots

http://www.youtube.com/watch?v=hgDLryzDzYg



Hello everyone!

Let me first say 'thanks' to everyone that has participated in our project thus far.

As promised, here are our numbers for the first dividend payout - taking place on November 1, 2014:

We had $1537.00 Total Revenues with $307.40 (20%) Placed in Reserve.

The 40% eligible for dividend payouts on 5 million shares is $614.80. 

Nxt at .0006200 = 25,225 NXT total distribution.

Each ACH asset qualifies for a dividend payout of 0.005045.

Example: Assetholder has 25,000 ACH.

25,000 ACH X .005045 = 126 NXT Dividend Payout

Work and progress continues on the site - with the addition of new website sections, continuing work on the toolbox and other features, ongoing social media and business development outreach.

Second Dividend Payout Details

Any ACH assets purchased/held now through October 30, 2014 will qualify for our second dividend payout.

Earnings for this period will be announced on October 31, 2014 and the payout will take place on November 15, 2014.

Thanks again for your continued interest - it's a pleasure working with you!  ;D
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