Mega Limited listing

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BDFL - Memuneh
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#1013650 27-Mar-2014 09:19

mattwnz: It is interesting that it is valued at 200 million. Really wonder how that has been calculated.

It wasn't. It's a falacy. "No, Kim Dotcom’s Mega has not just been sold, acquired or floated for $210 million"

gundar

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#1013712 27-Mar-2014 10:27

will you be buying shares in the IPO?

Quite the opposite.

I'm one of those people that buys random penny stocks from time to time. I have found that with absolutely no research and only dumb luck, this seems to break even most years and results in the accumulation of stock that may or may not do anything over time. It just so turns out, that by complete dumb luck, I bought a few thou shares of a little shell company called TRS a year ago at 0.001.

So, I'm there already and it's already 10x it's value.

;-)

MikeB4

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#1013760 27-Mar-2014 11:34

Kim Dotcom

Source Wikipedia

"Kim Dotcom (born Kim Schmitz; 21 January 1974 in Kiel, Germany), also known as Kimble and Kim Tim Jim Vestor,

As a teenager, Schmitz acquired a reputation in his native Germany after having claimed to have bypassed the security of NASA, the Pentagon and Citibank under the name of Kimble – based on the character of Dr Richard Kimble in the long-running television programme The Fugitive. He also claimed to have hacked corporate PBX systems in the United States and said he was selling the access codes at $200 each, bragging that "every PBX is an open door to me."

In 1994, he was arrested by German police for trafficking in stolen phone calling card numbers. He was held in custody for a month, released and arrested again on additional hacking charges shortly afterwards. He was eventually convicted of 11 counts of computer fraud, 10 counts of data espionage, and an assortment of other charges. He received a two-year suspended sentence – because he was under age at the time the crimes were committed. The judge in the case said the court viewed his actions as "youthful foolishness."

In 2001, Schmitz bought €375,000 worth of shares of the nearly bankrupt company Letsbuyit.com (de) and subsequently announced his intention to invest €50 million in the company. The announcement caused the share value of Letsbuyit.com to jump and Schmitz cashed out, making a profit of €1.5 million. One commentator suggested that Schmitz may have been ignorant of the legal ramifications of what he had done, since insider trading was not made a crime in Germany until 1995, and until 2002 prosecutors also had to prove the accused had criminal intent.

Schmitz moved to Thailand to avoid investigation where he was subsequently arrested on behalf of German authorities. In response, he allegedly pretended to kill himself online, posting a message on his website that from now on he wished to be known as "His Royal Highness King Kimble the First, Ruler of the Kimpire". He was deported back to Germany where he pleaded guilty to embezzlement in November 2003 and, after five months in jail awaiting trial, again received a suspended sentence (of 20 months). After avoiding a prison sentence for a second time, he left Germany and moved to Hong Kong in late 2003.
Schmitz found Hong Kong to his liking and registered Kimpire Limited in December 2003, soon after moving there. He set up a network of interlinked companies, including Trendax which was claimed to be an artificial intelligence-driven hedge fund delivering an annual return of at least 25%.[35] However, Trendax was never registered with Hong Kong’s Securities and Futures Commission and the company was legally not allowed to accept investments or to conduct trades. Dotcom was subsequently convicted for failing to disclose his shareholding to the Securities and Futures Commission, and was fined 8000 Hong Kong dollars."

Given this history would you really put your hard earn into these guys?

The whole thing seems dodgy as and should be investigated but the SFO, Comm Comm or who ever has jurisdiction.

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#1013764 27-Mar-2014 11:45

How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

nakedmolerat

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#1013777 27-Mar-2014 11:49

gundar:
will you be buying shares in the IPO?

Quite the opposite.

I'm one of those people that buys random penny stocks from time to time. I have found that with absolutely no research and only dumb luck, this seems to break even most years and results in the accumulation of stock that may or may not do anything over time. It just so turns out, that by complete dumb luck, I bought a few thou shares of a little shell company called TRS a year ago at 0.001.

So, I'm there already and it's already 10x it's value.

;-)

Yep, smart move. I think people should stop posting about kim.com (off topic replies). There are lots of other companies out there where 'the guys' are of questionable character etc. In fact, there are other companies with the good guys on it and still lose lots of money in the end.

MikeB4

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#1013778 27-Mar-2014 11:54

nakedmolerat:
gundar:
will you be buying shares in the IPO?

Quite the opposite.

I'm one of those people that buys random penny stocks from time to time. I have found that with absolutely no research and only dumb luck, this seems to break even most years and results in the accumulation of stock that may or may not do anything over time. It just so turns out, that by complete dumb luck, I bought a few thou shares of a little shell company called TRS a year ago at 0.001.

So, I'm there already and it's already 10x it's value.

;-)

Yep, smart move. I think people should stop posting about kim.com (off topic replies). There are lots of other companies out there where 'the guys' are of questionable character etc. In fact, there are other companies with the good guys on it and still lose lots of money in the end.

How is posting about Kim Dotcom in a thread about Mega Limited off topic ?

Klipspringer

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#1013781 27-Mar-2014 11:56

KiwiNZ:
nakedmolerat:
gundar:
will you be buying shares in the IPO?

Quite the opposite.

I'm one of those people that buys random penny stocks from time to time. I have found that with absolutely no research and only dumb luck, this seems to break even most years and results in the accumulation of stock that may or may not do anything over time. It just so turns out, that by complete dumb luck, I bought a few thou shares of a little shell company called TRS a year ago at 0.001.

So, I'm there already and it's already 10x it's value.

;-)

Yep, smart move. I think people should stop posting about kim.com (off topic replies). There are lots of other companies out there where 'the guys' are of questionable character etc. In fact, there are other companies with the good guys on it and still lose lots of money in the end.

How is posting about Kim Dotcom in a thread about Mega Limited off topic ?

My thoughts exactly.

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gundar

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#1013783 27-Mar-2014 12:01

Klipspringer: How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

I think you'll find he has no criminal convictions, and as such, if you had been arrested in SA for something and either not convicted or had the conviction squashed, you'd also have no problem. You'd also find that if you had a minor conviction against you, but offered to make a substantial deposit into a NZ bank for a long term or you offered to start a massive business, you'd get that residency problem sorted. This is standard practice under the National Government and I know of a situation personally where this has been the case.

MikeB4

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#1013787 27-Mar-2014 12:15

gundar:
Klipspringer: How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

I think you'll find he has no criminal convictions, and as such, if you had been arrested in SA for something and either not convicted or had the conviction squashed, you'd also have no problem. You'd also find that if you had a minor conviction against you, but offered to make a substantial deposit into a NZ bank for a long term or you offered to start a massive business, you'd get that residency problem sorted. This is standard practice under the National Government and I know of a situation personally where this has been the case.

See my earlier post he does have convictions

webwat

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#1013833 27-Mar-2014 12:52

mattwnz: It is interesting that it is valued at 200 million. Really wonder how that has been calculated.

I think it was showing as the number on dotcoms bathroom scales before they broke. There needs to be a better business case for this type of thing, perhaps hosting some seriously useful cloud apps like an accounting or other software that would attract reasonably big clients along with the free users.

Time to find a new industry!

nathan

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#1013863 27-Mar-2014 13:37

gundar:
Klipspringer: How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

I think you'll find he has no criminal convictions, and as such, if you had been arrested in SA for something and either not convicted or had the conviction squashed, you'd also have no problem. You'd also find that if you had a minor conviction against you, but offered to make a substantial deposit into a NZ bank for a long term or you offered to start a massive business, you'd get that residency problem sorted. This is standard practice under the National Government and I know of a situation personally where this has been the case.

take away the word, National party, this is standard Government practice

JimmyH

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#1014160 27-Mar-2014 20:36

nathan:
gundar:
Klipspringer: How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

I think you'll find he has no criminal convictions, and as such, if you had been arrested in SA for something and either not convicted or had the conviction squashed, you'd also have no problem. You'd also find that if you had a minor conviction against you, but offered to make a substantial deposit into a NZ bank for a long term or you offered to start a massive business, you'd get that residency problem sorted. This is standard practice under the National Government and I know of a situation personally where this has been the case.

take away the word, National party, this is standard Government practice

It's standard practice in a lot of countries - individuals willing to invest substantial sums in setting up businesses tend to go to the front of immigration queues.

surfisup1000

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#1014171 27-Mar-2014 20:56

Klipspringer: How the guy managed to get New Zealand residence is beyond me ...

When we applied for NZ residence we had to supply proof from South Africa that we had no criminal records etc ... Even had to get special verified police clearance certificates as proof.

Yet this criminal is allowed into NZ. He is allowed to operate a business, and hide behind the NZ legal system.

He should be sent to the US for a trial. He is not a NZ citizen. Why we are keeping this guy, and protecting him is beyond me. Deport him.

Did you have a couple of hundred million in your bank account though?

Money greases the wheels everywhere.

freitasm

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#1014203 27-Mar-2014 22:02

gundar: I think you'll find he has no criminal convictions, and as such, if you had been arrested in SA for something and either not convicted or had the conviction squashed, you'd also have no problem.

He has convictions, listed in this thread and the other one.

mattwnz

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#1014208 27-Mar-2014 22:18

One thing that can be said about him, is that he is certainly very talented with the media, and the media lap it up.

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