Problem with Access to MaidSafe shares with BnkToTheFuture.com

No disagreements from me either, not that it matters I have no say anyhow.

But I still don’t see anything in that that people will swap their SPV shares for SNT. Only that people will receive SNT. To me people keep their SPV shares.

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I think you receive the bonus coins based on which period you bought, you can then keep your shares or exchange shares for SNT

So

Bonus SNT + exchange Shares for SNT

OR

Bonus SNT + keep shares in SPV

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The screenshot doesn’t mention anything about 2000 pounds for the bonus coins so I think it goes for every investor no matter the amount. I’m pretty sure I invested as soon as the pitch went live, but BTTF should have this info for sure. It was only a thousand pounds, but not saying no to some bonus coins :grin:

I thought I read that 5% of the initial supply goes to stock holders, which is about 105 coins per share? The bnktothefuture screenshot shows something else?

BTTF is not what the original WP was talking about. It was referring to the shareholders in Maidsafe itself. The BTTF holders are shareholders in a SPV which holds the Maidsafe shares sold in that fundraising. Much less than 6%

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but they all get equal amount of the initial supply per share regardless of if it is BTTF SPV or normal shares?

Is the picture posted from BTTF additional coins BTTF sends SPV holders, on top of the coins maidsafe sends stock holders?

Not the same shares. 1 share in the SPV is not a share in Maidsafe.

Having said that there is a different set of criteria for what SNT they will receive. While it seems the 105 SNT is similar its not from the same bucket. Also the investors in the SPV were offered additional SNT. Read back and this was spelt out better.

Oh I thought they were the same, just being held by the SPV? I mean on my BTTF page it lists how many shares of the company I own

That is shares in the SPV company. The SPV company holds a small %age of MaidSafe shares, from above its like 1.5% of Maidsafe is owned by the SPV company.

If the promotion was fully funded to the 2.5 million pounds (or was it 2.0) then it would have been 6.25% of Maidsafe sold to the SPV. But the fundraiser netted only around 0.5 million pounds with a large investment falling through, otherwise it would have been 1.5 million pounds. Thus only about 1/5 of the 6.25% of Maidsafe shares was sold.

Thanks for the info!

BTTF lists:
Total company shares: 1,366,827.00
Total SPV shares: 36,622.22

Is this known to still be correct or have more shares been issued? Not to the SPV, but in general?

Maidsafe has just over 2 million shares issued from what i can find.

BTTF has 36636 shares in Maidsafe from what i can find.

This explains how the 105 SNT per SPV share works since it looks there is one SPV share per Maidsafe share. And helps explain my confusion that I had way above in this topic.

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Just go here: MAIDSAFE.NET LIMITED overview - Find and update company information - GOV.UK

Then go to Filing History and select the 4th document - the Confirmation Statement with 20 pages.

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If they are like our government, government files must be hosted on AU servers. So technically they cannot by their own rules host any files (or servers) on Autonomi.

But we know governments and public service find ways around their own rules and the rules can be changed by a simple change to the regulations associated with the law.

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I wonder what @Bux has to say about this?

While I frequently have something to say :wink: I will tag @AJ_MS and also snap for more clarity - Im not aware of Maidsafe having any official role in the SPV - presuming it’s BTTF being referred here - but happy to check (am aware re: BTTF that they are not favourable to Maidsafe communicating with their investors directly).

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Many thanks Bux - greatly appreciated. :+1:

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Nice see some old faces are hanging around, hope you guys are doing well.

Now, regarding this particular topic, I’d like to voice my POV.

I invested in 2016 because I wanted this company and idea to succeed. It had the added benefit of being an early investor in a company that has the potential to become really successful. This was at a time when funding was needed, so I felt like my investment really made a difference, even when it was “only” a couple thousand .

So I’m a little bit disappointed to read now that we’re being forced out with an exit strategy which leaves me a) without any future shares of the company and b) with a pretty bad investment when I compare it to investing the money just into maidsafe. Granted, I don’t know the shareprice of the new coin, hopefully it will be higher than 26c to break even. Ideally it would be north of a dollar to match the money maidsafecoin would’ve made from 2016 - 2024.

Again, it is not primarily about the money for me, although it would be nice to not make a loss, but rather how it feels. I have no hard feelings, just disappointed I guess.

Not sure if this is the right place here, but seeing as the comments on the investor updates from this year are all unanswered, I figured I rather post here.

PS: Good to see the project in the final stages before launch.

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I agree, sort of, because I rather have the coins than to deal with bkttf stuff, all sorts of KYC and blocks
No matter how many kycs and docs you send them, there’s always something else, I hope I can get out of this someday and get coins for shares

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Hi hillbicks and @Runswick, it’s nice to see other people feeling the way I do. I have posted about this in discord and also by using the form that maidsafe sent out to bnktothefuture investors on discord for any questions/comments we had, and I never heard back.

It’s pretty frustrating that when we invested, we were told we were investing in the company. We are now getting forced out and getting coin instead. And in addition, we are getting a worse deal than people that just bought the ipo coin. We were forced to hold as we had stock (which made sense at the time because it was stock) only to be told it was essentially crypto we could never sell, and would receive less than if we just bought crypto, and would receive our crypto later after the launch of the network than people who had just bought crypto.

It just doesn’t make any sense. I’ll be lucky to break even, as people who bought on banktothefuture bought at prices of around 0.25-0.30, considering the amount of coin we are now getting per share.

If I knew this would have happened, I would have bought ipo coin directly. I bought shares for a reason.

The least they could do is give us the crypto when they give it to everyone else, but for some reason we’re punished and receive it later?

Nobody is punishing you. You were just a bit foolish when you invested. It happens to the best of us - usually just the once though. You didnt invest directly into Maidsafe. You invested in an entity which planned to invest in Maidsafe. At that point you pretty much gave up all control and exposed yourself to all kinds of other risks.

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