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QuoteHow will you prevent conflict of interests? E.g. when you find a good property that you would like to buy... how can we be sure that you will buy it for Kexcoin and not Kexgill?
Quote9) 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.
Quote10) 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.
Quote11) 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/
Quote12) 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.
Quote13) 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.
Quote14) 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.
QuoteWhen 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?
Quote8 ) Core team receives 10% of tokens, what will be other 5% used for? Contractors? What if you need to hire a new full-time employee?That 5% is for unforeseen expenses, this is quite typical in an ICO.
