9) What costs are associated with your business? How big are they?
Referring back to my previous reply, the costs associated with Kexcoin are very lean because it's main purpose is to administer the buy back and burn process.
10) Is Kexcoin company 100% decoupled from Kexgill? What guarantee do we have that you won't be buying properties from Kexgill?
They are separate legal entities yes. They are each their own private limited companies.
We did think about buying properties that Kexgill already own to speed up the acquisition process and start the buy back asap, however the sale of the asset would attract the significant expense of capital gains tax, which is just money that is instantly drained out of the system. Not good.
11) You mentioned that Kexgill has 120m GBP in assets, you forgot to tell use how much it has in liabilities. I would expect it to be highly leveraged.
Kexgill post their financials on
http://kexgillgroup.com/12) It tool you 39 years to build a company with 120m GBP in assets, now you want to build similar company with about 70m GBP in assets in couple of months. Isn't it too ambitious?
The growth was not linear it's more exponential.
Imagine what 39 years of continuous improvement does to the process of sourcing, negotiating, buying and managing properties.
This is the 'secret sauce' in the project, the highly refined formula Kexgill have developed over nearly 4 decades. You don't get that from a startup.
Kexcoin is starting from year 39 if you think about it.
13) Are you able to use these 70m GBP to buy properties in reasonable time (1-2 years?)
Richard Stott, Kexgill Group managing directory is always researching new deals and will waste no time after the ICO in putting the money to work.
14) Since you already have a successful company, why didn't you bring also some fund to Kexcoin?
Kexgill have put up all the working capital. That's how we have financed this whole thing so far.
When this ICO is successful, Kexcoin will have debt to assets ratio 100%.
Could you expand on that i.e. how do you see this as a problem?