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[ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH singapore
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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 197982 times)

xibeijan

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Re: [ANN] HRLTCGEAR - fixed price, 42% return so far, >564k dividends, 9+ GH
« Reply #260 on: November 09, 2014, 12:48:51 am »

You're talking total nonsense.  You get a toilet.
Whatever...  ;D but a buy wall I think is a good idea. I don't see any other solutions to fight against scammers or unforeseen circumstances. What if something happens to an issuer? All funds will just get frozen or even lost..

Possibly yes, but man up. This is crypto, not a 401K plan.

Each issuer should have their own contingency plan. No need to centralise everything with regulation, bureaucracy, stupid layers and complexities, lawyers, higher costs, thick red tape... otherwise you end up with a reincarnation of the status quo.
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cobaltskky

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #261 on: November 09, 2014, 01:43:02 am »

So for this whole multiplication thing...does that mean pf'll be sending us asset holders more HRLTCGEAR assets eventually?
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Sebastien256

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #262 on: November 09, 2014, 01:58:14 am »

So for this whole multiplication thing...does that mean pf'll be sending us asset holders more HRLTCGEAR assets eventually?

yes
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #263 on: November 09, 2014, 02:02:12 am »

So for this whole multiplication thing...does that mean pf'll be sending us asset holders more HRLTCGEAR assets eventually?

yes
Indeed
It looks like the multiplication still hasn't happened yet, so this will most likely be monday.
It will be as per the multiplication snapshot that I posted a few pages back
LTCGEAR just updated
Code: [Select]
Multiplication schedule (UPDATED)
UPDATE: For technical reasons, the maintenance is rescheduled for Monday, Nov 10.
In case you requested support assistance via e-mail, which may require further correspondence from us, please verify your e-mail inbox before Monday.
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Cryptographer

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Re: [ANN] HRLTCGEAR - fixed price, 42% return so far, >564k dividends, 9+ GH
« Reply #264 on: November 09, 2014, 04:26:29 am »

Crazy, guys.
Payouts are processing right now, for just over 330,000 NXT.
TXNs posted shortly.

It's fine if it takes a few days to send payouts because of having to buy so much NXT, but just post to the forum to let people know.
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whatnxt

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Re: [ANN] HRLTCGEAR - fixed price, 42% return so far, >564k dividends, 9+ GH
« Reply #265 on: November 09, 2014, 08:42:38 am »

It's fine if it takes a few days to send payouts because of having to buy so much NXT, but just post to the forum to let people know.

I agree, please keep us informed.

I know it can be hard when things are not going your way, however, these times are usually when a simple message saying, you are still with us but cannot do anything, is the most valuable action to take.

Thanks for the dividend :)
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rubenbc

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #266 on: November 09, 2014, 09:07:31 am »

@pf I like your asset, dividends are so good. I hope that you must be a legal person because might you have gone with more than 2 million of our nxt and you have not done.

good luck

cobaltskky

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #267 on: November 09, 2014, 12:01:41 pm »

Thanks for answering my question. I agree that a simple post saying, hey, will be back soon, would be nice. :)
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printshop

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #268 on: November 09, 2014, 12:33:09 pm »

Thanks for answering my question. I agree that a simple post saying, hey, will be back soon, would be nice. :)

I would ideally like to see a company this size incorporate and hire a PR.

lopalcar

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #269 on: November 09, 2014, 03:11:33 pm »

I also think that you have to keep us better informed, at least the dividend days, many of us here have been scamed several times and like you see some guys go crazy really fast...ahh, and keep in first page the amount of ltcgear shares we have each day, or in order to be more transparent, your ltc address for payouts "we trust, but if you aren't hiding anything, this shoudn't bother you". I think complete transparency is good, don't you?

I know this is a bit bored, but now you're managing many money "and how more money you manage, more money you earn", so you have to keep investors happy and our heart quiet :P , I think is an affordable amount of works for the beneficts this can give you.
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xibeijan

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #270 on: November 09, 2014, 03:44:32 pm »

Thanks for answering my question. I agree that a simple post saying, hey, will be back soon, would be nice. :)

I would ideally like to see a company this size incorporate and hire a PR.

The more regulation and lawyers involved the more you will find such crypto-based businesses seem to disappear.  Keep it simple.  Let it be a one man show with pf, lean and mean, more profit for all.

We seriously do not want to start emulating the status quo, which crypto is supposed to revolutionise.  This is a new paradigm. you need to check your conventional bag-o-solutions at the door.
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cexylikepie

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #271 on: November 09, 2014, 03:53:59 pm »

Thanks for answering my question. I agree that a simple post saying, hey, will be back soon, would be nice. :)

I would ideally like to see a company this size incorporate and hire a PR.
i have messaged pf about becoming some sort of pr. if i were to have a way to contact him outside of the forum like a cell phone or skype number then i could easily verify his intentions of going to mexico or just getting the dividends ready.
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Cryptographer

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #272 on: November 09, 2014, 10:11:29 pm »

Hi pf,

I've been thinking, and it seems like the way your are handling the 1.35 qASIC share multiplication is not fair to your current shareholders.  You are keeping the entire 35% of the multiplied qASIC shares in the mining account, which is great, but then you are issuing a dividend of HRLTCGEAR shares to investors at a rate of 15% of their current holdings, and yet keeping the price of HRLTCGEAR at 1 NXT per share.  This means that people who buy shares after the multiplication will be paying ~250 NXT for 1.2 MH/s, while people who invested before the multiplication paid ~250 NXT for 1 MH/s.

So, I propose you do one of the following options instead -

1. Issue current shareholders a dividend of HRLTCGEAR shares at a rate of 35% of their current holdings, and keep price at 1 NXT
2. Issue the dividend at 15% like you have planned, but raise the price of new shares to 1.2 NXT, since the amount in the mining account will have increased by 20% relative to the number of shares issued.

These would both be fair ways to handle things.
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Cryptographer

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #273 on: November 09, 2014, 10:25:25 pm »

To elaborate -

Currently there are approx. 2,600,000 shares issued, and approx 10 GH/s of hashpower.

Which means currently each share is 0.00385 MH/s or 3.85 kh/s of mining power.  After the multiplication of 35% and asset dividend payment of 15%, we will now have-

2,990,000 shares, and 13.5 GH/s of hashpower.

This will make each share worth 0.00452 MH/s or 4.52 kh/s after the multiplication, an increase of 17.3%. 

If shares continue to be sold at 1 NXT each, early shareholders will be getting a bad deal since new investors are paying less per KH/s, and as many new shares are sold, their shares will be worth less in terms of hashpower.  Either increasing the share price or issuing more dividends is the only correct way to handle this situation.
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Sebastien256

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #274 on: November 09, 2014, 10:28:21 pm »

@Cryptographer
This seems to make sense. Waiting for pf to comment.
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whatnxt

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #275 on: November 09, 2014, 10:56:36 pm »

Hi Cryptographer,
The problem with saying 1 share is equal to X amount of hashing power is that X amount of hashing power will tend to produce less income as time goes by.

The value of 1 share is the income it produces.

If the share price is always 1 NXT then the hashing power has to increase to maintain the income.

Pf's approach increases hashing power over time (whether it is enough or not is a different question). In this way pf is trying to maintain the income.

So IMHO the question is: if the share is always priced at 1NXT what should the income be on average and how is it fairly maintained?
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Cryptographer

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #276 on: November 09, 2014, 11:59:21 pm »

Hi Cryptographer,
The problem with saying 1 share is equal to X amount of hashing power is that X amount of hashing power will tend to produce less income as time goes by.

The value of 1 share is the income it produces.

If the share price is always 1 NXT then the hashing power has to increase to maintain the income.

Pf's approach increases hashing power over time (whether it is enough or not is a different question). In this way pf is trying to maintain the income.

So IMHO the question is: if the share is always priced at 1NXT what should the income be on average and how is it fairly maintained?

Yeah, that is a good point, the mining profit for each individual qASIC share does go down. However, the price of qASIC shares is still the same.... Should new investors get a discount?  If the full 35% from the multiplication is given out to shareholders, they will still get the benefits of increased dividends, and the share price will still reflect the cost of qASIC shares.
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printshop

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #277 on: November 10, 2014, 12:19:03 am »

Thanks for answering my question. I agree that a simple post saying, hey, will be back soon, would be nice. :)

I would ideally like to see a company this size incorporate and hire a PR.

The more regulation and lawyers involved the more you will find such crypto-based businesses seem to disappear.  Keep it simple.  Let it be a one man show with pf, lean and mean, more profit for all.

We seriously do not want to start emulating the status quo, which crypto is supposed to revolutionise.  This is a new paradigm. you need to check your conventional bag-o-solutions at the door.

No, you're wrong on this one. The rules of business have nothing to do with big government and fiat excess. If you don't incorporate a company and play by the rules when you get bigger, that in and of itself will cause you to disappear.

pf

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #278 on: November 10, 2014, 12:29:33 am »

To elaborate -

Currently there are approx. 2,600,000 shares issued, and approx 10 GH/s of hashpower.

Which means currently each share is 0.00385 MH/s or 3.85 kh/s of mining power.  After the multiplication of 35% and asset dividend payment of 15%, we will now have-

2,990,000 shares, and 13.5 GH/s of hashpower.

This will make each share worth 0.00452 MH/s or 4.52 kh/s after the multiplication, an increase of 17.3%. 

If shares continue to be sold at 1 NXT each, early shareholders will be getting a bad deal since new investors are paying less per KH/s, and as many new shares are sold, their shares will be worth less in terms of hashpower.  Either increasing the share price or issuing more dividends is the only correct way to handle this situation.
I hadn't thought about this, but this is quite true.
What do people think about increasing the price per share to 1.2 NXT after the 15% additional shares are sent out?
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 54.5% return so far, >894k dividends, 9+ GH
« Reply #279 on: November 10, 2014, 12:35:40 am »

To whomever just sold me nearly 20k HRLTCGEAR at below 1 NXT, thanks!
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