Hi, this project is very interesting to me (As such, I have a lot of questions)!
I'm sorry people have been so negative so far
There's always reason to be cautious and ask thorough questions, but there's no need to jump to conclusions and start spreading distaste!
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.
1.) How will the interaction of these two work in regards to property ownership and finances?
- A) Will Kexgill or Kexcoin own the properties purchased from the ICO?
- B) Kexgill will be managing the properties, so how will the profits from the Kexcoin properties be distinguished from Kexgill's properties' profit?
- C) Are there checks in place to ensure that the costs towards managing Kexcoin properties are not inflated? i.e. unreasonable employee salary boosts, which would decrease the amount of profit generated from the Kexcoin properties, decreasing the amount of Kexcoins bought back from the community? (While still benefiting Kexgill)
- D) Where are the profits that are not burned held? (until they can be reinvested) In a bank account in Kexcoin's name?
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/
2.) Anymore details available than what is in that 2016 Financial Brochure thing?
I'd love to see a company breakdown of expenses, liabilities, and revenue. I also understand that you guys are a private company and may not provide that information (if that's the case just tell me I'm SOL )
3.) Say the ICO does really well; you guys acquire a healthy $80+ million in real estate. The money starts coming in, and things look stable. Would you guys consider doing another coin offering and starting the process anew? If you did that, you would have to do a new, different coin correct? Otherwise the Kexcoin market would get flooded with new coins, defeating the purpose of burning.
4.) Follow up to 3: if it really takes off, are there plans to expand outside the UK?
That said, I'm very interested in the project. I really like how, you're basically just bypassing the banking system with a crowdfunded loan (where the payments are dictated by the market, NOT THE BANK!). Excited to see where this goes!