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December 29, 2017, 06:15:19 PM |
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hello dev
Hi migello. Thanks for your comments. They allow us to present our point of view. To clarify your comment about dividends, we are only not committing at this point to declare dividends. That doesn't mean that they may never be paid. Our perspective is that if the company in one year from now, has one million in profits and there is an investment opportunity that may give 500,000 in future profits, our owners would be better off by not receiving dividends and would benefit a lot more from the increase of the company value by investing the million in the new deal. On top, dividends are taxed as ordinary income in most jurisdictions, whilst capital gains from selling tokens held long term pay taxes at a much lower rate.
I don't understand what you mean we burn $2.459.000 dollars and that token holders have basically nothing. Please remember that we are euro based, not dollar based. Also please look at our proforma balance sheet, also in our prospectus. It shows that after the ICO, the company will keep most of the 4.5 mm in cash, bitcoin, ether and gold.
Our expected first year expenses are approximately 1.2mm equivalent to 100,000 a month. Lets say that the gold-token we will sell in September is a flop. Then the silver token we will sell in October is another flop, and the un-mined gold token for December is also a flop. We would probably at that point stop operations and close the business after six months. If we had only spent 600 thousand during those six months, and had zero profits, there would be 3.9 million euros left that would belong to the owners. Tokens outstanding would be 655000 (the founders only have 155,000 tokens with the rest accrued over three years). Dividing 3.9 million euros into 655,000 tokens (500,000 ICO +155,000 founders) leaves a value to be returned to each token of 5.95 euros. So under that scenario, each token owner would lose 3.05 euros if the company fails to make one cent during its first six months and decides to close. Yes, any investment in a startup is very risky. Most startups do not make it past their first year, and we have been very open about it. An investment in the company is risky! But to say that investors have nothing is incorrect.
Now, add the managing team value. That is very important. Remember what happened to Apple when Steve Jobs went back?. For instance, Digix is valuing their team at approximately 30 million dollars (136 million in eth in their wallet and a total value of market capitalisation of 167 million}. When you are investing in Orocrypt you are also getting the managing team. A group of experienced and successful individuals. Investors in the company are getting the team's capacity to generate profits, to find profitable investments and to manage Orocrypt very well.
Finally, we do hope to succeed in our ICO. If we do not, then Orocrypt will get financing from traditional sources and therefore continue with its plans. So come what may, expect to see our gold-token in September! Many thanks!
Thank you for the explanation of your point of view
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