Topic: [ANN] Jinn (Read 452741 times)

Triangle · « **Reply #280 on:** September 25, 2014, 07:22:38 pm »

Quote from: rtrtcrypto on September 25, 2014, 06:59:02 pm

You need to clarify/update this on the JINN website - it reads now as if share holders would get profits ONLY and not any compensation in the event of a sale. Make it clear that the acquiring company would be forced to buy out the shareholders who come on board now - that is pretty huge here.

Quote from: Triangle on September 25, 2014, 05:55:31 pm
Quote from: Pilot on September 25, 2014, 05:20:10 pm
Quote from: Triangle on September 24, 2014, 07:32:13 pm
Quote from: Arpeggio on September 24, 2014, 07:31:16 pm
Triangle, if you sell Jinn for 4 billion dollars and CFB owns 100k tokens will he receive 400 million dollars?

No, we'll give him about three fiddy.

Yes, of course he will.

And the same for the asset holders who purchase their assets via AE.

But you said the assets are not an equity share.

So, it sounds like these are like a preferred stock share of the company. No voting rights, dividend based on profits and equity share. Which means, if someone buys the company, they must buy out the preferred stock holders.

Is that not correct?

Correct!

Thanks, we will do shortly!

Triangle · « **Reply #281 on:** September 25, 2014, 07:27:28 pm »

Quote from: 2Kool4Skewl on September 25, 2014, 06:34:06 pm

Quote from: Triangle on September 25, 2014, 06:15:26 pm
Quote from: 2Kool4Skewl on September 25, 2014, 05:12:18 pm
What is the internal company share split between the founders?

It's been mentioned earlier, but it's 1/3 each of what's left when we're at completion of Jinn processor launch.

So, it's currently 30% for each member. Do you plan on expanding the float at a later date?

Only in accordance to what we've already set in the prospectus. We plan to sell these 10% now to get the funding required, but we will not sell additional shares until we meet milestone #1 no.

Windjc · « **Reply #282 on:** September 25, 2014, 08:09:35 pm »

Quote from: Triangle on September 25, 2014, 07:27:28 pm

Quote from: 2Kool4Skewl on September 25, 2014, 06:34:06 pm
Quote from: Triangle on September 25, 2014, 06:15:26 pm
Quote from: 2Kool4Skewl on September 25, 2014, 05:12:18 pm
What is the internal company share split between the founders?

It's been mentioned earlier, but it's 1/3 each of what's left when we're at completion of Jinn processor launch.

So, it's currently 30% for each member. Do you plan on expanding the float at a later date?

Only in accordance to what we've already set in the prospectus. We plan to sell these 10% now to get the funding required, but we will not sell additional shares until we meet milestone #1 no.

The company has a valuation of over $1.6+ million today. How much were you expecting before initial release? Its a hot time to get on the Nxt Asset train, but the higher things climb the bigger they can fall. Although its hard to pass up on the idea of millions, the true valuation will be more difficult to achieve if share prices dumb before you are able to deliver the goods because the initial price was a bubble. Most people are investing in Nxt assets, not because they think they will make a lot of dividends or even because

Just things to consider here. I'm investing, if just to support the cause, but we need to tread carefully, imo.

This is exactly why I like Jl777's approach. Allow room for error. Because there will always be more "error" than you will expect.

Berry · « **Reply #283 on:** September 25, 2014, 08:13:00 pm »

Quote from: Windjc on September 25, 2014, 08:09:35 pm

Quote from: Triangle on September 25, 2014, 07:27:28 pm
Quote from: 2Kool4Skewl on September 25, 2014, 06:34:06 pm
Quote from: Triangle on September 25, 2014, 06:15:26 pm
Quote from: 2Kool4Skewl on September 25, 2014, 05:12:18 pm
What is the internal company share split between the founders?

It's been mentioned earlier, but it's 1/3 each of what's left when we're at completion of Jinn processor launch.

So, it's currently 30% for each member. Do you plan on expanding the float at a later date?

Only in accordance to what we've already set in the prospectus. We plan to sell these 10% now to get the funding required, but we will not sell additional shares until we meet milestone #1 no.

The company has a valuation of over $10 million today. How much were you expecting before initial release? Its a hot time to get on the Nxt Asset train, but the higher things climb the bigger they can fall. Although its hard to pass up on the idea of millions, the true valuation will be more difficult to achieve if share prices dumb before you are able to deliver the goods because the initial price was a bubble.

Just things to consider here. I'm investing, if just to support the cause, but we need to tread carefully, imo.

This is exactly why I like Jl777's approach. Allow room for error. Because there will always be more "error" than you will expect.

Why 10 mio$
matchprice is 56 NXT at the moment. 1,000,000 shares
--> 56,000,000 NXT equals round about 1,600,000$

But that´s way to much for the stage of this project in my opinion.

Sebastien256 · « **Reply #284 on:** September 25, 2014, 08:16:43 pm »

take a look there:
http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=15275186119672269441&switch=3&p=1

it will take some time before the coverage is 100% at the level of money they will want to raise. We are about at 14% coverage at the moment.

Windjc · « **Reply #285 on:** September 25, 2014, 08:16:50 pm »

Quote from: Berry on September 25, 2014, 08:13:00 pm

Quote from: Windjc on September 25, 2014, 08:09:35 pm
Quote from: Triangle on September 25, 2014, 07:27:28 pm
Quote from: 2Kool4Skewl on September 25, 2014, 06:34:06 pm
Quote from: Triangle on September 25, 2014, 06:15:26 pm
Quote from: 2Kool4Skewl on September 25, 2014, 05:12:18 pm
What is the internal company share split between the founders?

It's been mentioned earlier, but it's 1/3 each of what's left when we're at completion of Jinn processor launch.

So, it's currently 30% for each member. Do you plan on expanding the float at a later date?

Only in accordance to what we've already set in the prospectus. We plan to sell these 10% now to get the funding required, but we will not sell additional shares until we meet milestone #1 no.

The company has a valuation of over $10 million today. How much were you expecting before initial release? Its a hot time to get on the Nxt Asset train, but the higher things climb the bigger they can fall. Although its hard to pass up on the idea of millions, the true valuation will be more difficult to achieve if share prices dumb before you are able to deliver the goods because the initial price was a bubble.

Just things to consider here. I'm investing, if just to support the cause, but we need to tread carefully, imo.

This is exactly why I like Jl777's approach. Allow room for error. Because there will always be more "error" than you will expect.

Why 10 mio$
matchprice is 56 NXT at the moment. 1,000,000 shares
--> 56,000,000 NXT equals round about 1,600,000$

But that´s way to much for the stage of this project in my opinion.

You are correct. Bad math

Windjc · « **Reply #286 on:** September 25, 2014, 08:17:49 pm »

Quote from: Sebastien256 on September 25, 2014, 08:16:43 pm

take a look there:
http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=15275186119672269441&switch=3&p=1

it will take some time before the coverage is 100% at the level of money they will want to raise. We are about at 14% coverage at the moment.

Can you explain where you are getting 14% from?

Sebastien256 · « **Reply #287 on:** September 25, 2014, 08:18:44 pm »

well it on the link. it is explaine there "Percentage sellable shares".

profitofthegods · « **Reply #288 on:** September 25, 2014, 08:26:41 pm »

Quote from: Sebastien256 on September 25, 2014, 08:18:44 pm

well it on the link. it is explaine there "Percentage sellable shares".

They are only selling 10% - that number just means there are bids for more than they are selling already.

Sebastien256 · « **Reply #289 on:** September 25, 2014, 08:29:15 pm »

Quote from: profitofthegods on September 25, 2014, 08:26:41 pm

Quote from: Sebastien256 on September 25, 2014, 08:18:44 pm
well it on the link. it is explaine there "Percentage sellable shares".

They are only selling 10% - that number just means there are bids for more than they are selling already.

Ho. misread, there is 1M asset... thanks.

Sebastien256 · « **Reply #290 on:** September 25, 2014, 08:34:44 pm »

I'm kind of very suprise to see bid at 500NXT

How many employees do triangle need to employ with the fund?

profitofthegods · « **Reply #291 on:** September 25, 2014, 08:53:49 pm »

Quote from: Sebastien256 on September 25, 2014, 08:34:44 pm

I'm kind of very suprise to see bid at 500NXT
How many employees do triangle need to employ with the fund?

I was shocked by that too - I presume they don't actually expect to pay that much and just wanted to be 100% sure of getting some.

Its not just employees though, I would have thought prototyping and production costs would be quite significant for the actual physical product.

Sebastien256 · « **Reply #292 on:** September 25, 2014, 09:15:44 pm »

God, 60 NXT is now the bottom, it do go up fast.

rtrtcrypto · « **Reply #293 on:** September 25, 2014, 09:27:14 pm »

Quote from: Sebastien256 on September 25, 2014, 09:15:44 pm

God, 60 NXT is now the bottom, it do go up fast.

Prices are starting to feel uncomfortable

btcsnippers · « **Reply #294 on:** September 25, 2014, 10:26:58 pm »

what Assets does the company currently have?
If this sells at 60 nxt Jin would get about 2mln usd right ? at 10% thats a 20mln dollar company.
I havent read all yet, but im just curious how do u justify such an evaluation does the company own buildings hardware anything besides a great idea and a movitated group of people behind it?
does the company own any pattents or anything ?
I read some people involved Invested NXT and a few k , i think its a Giant leap going from that to a company thats worth 20mln.
I really like the Idea and id love to invest in a tech upstart but please give me some justification for your evalutation.(i think i read u wanted around 1.6 mln for development)
and 10X1.6 is still 16 mln why are u worth 16 mln today ?

Sebastien256 · « **Reply #295 on:** September 25, 2014, 10:36:23 pm »

Quote from: btcsnippers on September 25, 2014, 10:26:58 pm

If this sells at 60 nxt Jin would get about 2mln usd right ? at 10% thats a 20mln dollar company.

Divide by ten and you got it right.

btcsnippers · « **Reply #296 on:** September 25, 2014, 10:51:03 pm »

Quote from: Sebastien256 on September 25, 2014, 10:36:23 pm

Quote from: btcsnippers on September 25, 2014, 10:26:58 pm
If this sells at 60 nxt Jin would get about 2mln usd right ? at 10% thats a 20mln dollar company.

Divide by ten and you got it right.

1.000.000 x 60 nxt = 60.000.000 x 0.041 =2.460.000 no ?

If they where only asking 200k for 10% id have jumped on it allready but this is a little more then that.

rtrtcrypto · « **Reply #297 on:** September 25, 2014, 10:54:19 pm »

That would be the TOTAL valuation, yes... but they are offering only 100,000 shares.

Quote from: btcsnippers on September 25, 2014, 10:51:03 pm

Quote from: Sebastien256 on September 25, 2014, 10:36:23 pm
Quote from: btcsnippers on September 25, 2014, 10:26:58 pm
If this sells at 60 nxt Jin would get about 2mln usd right ? at 10% thats a 20mln dollar company.

Divide by ten and you got it right.

1.000.000 x 60 nxt = 60.000.000 x 0.041 =2.460.000 no ?

btcsnippers · « **Reply #298 on:** September 25, 2014, 10:58:54 pm »

Quote from: rtrtcrypto on September 25, 2014, 10:54:19 pm

That would be the TOTAL valuation, yes... but they are offering only 100,000 shares.

Quote from: btcsnippers on September 25, 2014, 10:51:03 pm
Quote from: Sebastien256 on September 25, 2014, 10:36:23 pm
Quote from: btcsnippers on September 25, 2014, 10:26:58 pm
If this sells at 60 nxt Jin would get about 2mln usd right ? at 10% thats a 20mln dollar company.

Divide by ten and you got it right.

1.000.000 x 60 nxt = 60.000.000 x 0.041 =2.460.000 no ?

aah they only selling 100k of the visible million ah i missed that part tnx for clearing that up.

rlh · « **Reply #299 on:** September 26, 2014, 02:17:02 am »

This is possibly a quote I will regret, but at this stage I think this is way over priced. This is due to the significant risk of this project being successful. This is a near-impossible project but it is one that if it succeeds then owning just few shares today could be like hitting the lottery in 20 years.

Smart money tells me that a lot of hyped up buyers are filling the order book who will start to dump below the final ipo price in 2-3 months, unless revenue starts pouring in before then.

Ergo, I'm in but I'm waiting until after the IPO. I will revisit this frequently and take my chances on the likelyhood that there will be a selloff. If there isn't, I'll just buy at a higher price when I'm confident in the business model from the results that I see. Yes, this means that I could potentially make more if I'd invest now, but his is a huge risk and I'm rather high-risk averse.

My 2 cents.

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Author Topic: [ANN] Jinn (Read 452741 times)