@cedus, it's .32 BTC insurance I believe
last week just 3 bonds would have sold if the minimum had been 1.04 or 1/1000 of the issue, the maximum interest is now then 24% or 6% per week which with funds insured for 32% gives 8.825% interest per week on funds that are actually at risk which is more than can be found anywhere else even direct from pirate on max interest, in fact a bid of 1.09 still would give a 7% per week return on funds at risk so not shabby at all, I wouldn't be too quick in writing off these offerings - ppl have basically been getting free insurance recently but when factored in this new minimum bid price is extremely fair imo
Topic: . - page 12. (Read 67488 times)
PLEASE NOTE: Starting with this sale and going forward, in accordance with a motion passed by the owners and stockholders of PPT and PPT.DIV, the minimum acceptable bid will be raised from 1.00 BTC to 1.04 BTC per bond.
You should have done that gradually: 7/07 1.01 BTC minimum, 7/14 1.02 etc. I'm not interested to taking part to this "let's donate some money to those .DIV owners who have bought their hugely overpriced shares believing they'll get .42 BTC from the insurance fund when PPT closes down" issuance. I also see your next auction as a massive failure.
PLEASE NOTE: Starting with this sale and going forward, in accordance with a motion passed by the owners and stockholders of PPT and PPT.DIV, the minimum acceptable bid will be raised from 1.00 BTC to 1.04 BTC per bond.
Well, good luck then with selling 3000... 
You should have called it "close down the business" motion
Again our customers got great deals this week! They got insured and backed bonds with yields that rival or surpass the other uninsured pass through deposits and bonds!
Not compounded that is... 7% weekly > 28% 4-weeklyThe insurance however makes the current cheap deals quite a bit better than some of the uninsured returns, especially for small/tiny investors that can't compound on the weekly deals.
Full results for all sales here: https://docs.google.com/spreadsheet/ccc?key=0An2G-HmYRtr3dEFBMV9uN3FveU0tMGREdjVaZUVRTGc
Updated the file already? Last one I can see is PPT.E @ 6/22/2012.
CHECK YOUR BIDS NOW!!
At least the fat fingers were only for 22 shares this time instead of 250.Another perfectly timed auction, thanks.
I just checked on PPT.E and there is currently a bid for 1 at 0.04. This is either a typo or someone that does not understand that the lowest price these bonds are ever sold at is 1.000 - the sales does not go lower than that.
Either that or someone just messed up their 3000 shares at 0.00001 that always get placed up. Gah, I had a buy order for PPT.E that disappeared when the dividend happened, and now the BTC is still listed as unavailable in my account. Does anyone know to fix that without opening a support ticket?
It's a known bug. Nef has to correct it manually.Unfortunately he takes forever to do this, I've had over 130 BTC tied up unusable for a fortnight now, despite posts, PMs & emails to support & his personal address.
I'm hopeful you don't know what a fortnight is and you think that it means a quarter of a day, because if this takes two weeks+ to be resolved I'm going to be upset.
Edit: Got this email today.
Quote
Fixed.
GLBSE support.
Pretty good support time on the weekend there.GLBSE support.
mine too got sorted out today (2 weeks interest on that sum tied up would have earned me over $150 @ pirate.inc) & yes it's probably thanks to me patiently sending reminders & bitching about it that made yours resolve so fast
Gah, I had a buy order for PPT.E that disappeared when the dividend happened, and now the BTC is still listed as unavailable in my account. Does anyone know to fix that without opening a support ticket?
It's a known bug. Nef has to correct it manually.Unfortunately he takes forever to do this, I've had over 130 BTC tied up unusable for a fortnight now, despite posts, PMs & emails to support & his personal address.
I'm hopeful you don't know what a fortnight is and you think that it means a quarter of a day, because if this takes two weeks+ to be resolved I'm going to be upset.
Edit: Got this email today.
Quote
Fixed.
GLBSE support.
Pretty good support time on the weekend there. GLBSE support.
Maybe instead of having to spend time manually fixing people's account balances, nef should add a line of code to the buyback function to cancel all outstanding orders. As an asset issuer, I would also like to see this as a separate option that may be used by the issuer before making a price sensitive announcement.
Gah, I had a buy order for PPT.E that disappeared when the dividend happened, and now the BTC is still listed as unavailable in my account. Does anyone know to fix that without opening a support ticket?
It's a known bug. Nef has to correct it manually.Unfortunately he takes forever to do this, I've had over 130 BTC tied up unusable for a fortnight now, despite posts, PMs & emails to support & his personal address.
We sold 3k just like we always do. The 6k issue was an error.
Maybe selling that 6k was an error - but it also was your best deal so far Code:
2012-04-21 1500 1.07255
2012-04-28 2000 1.08122
2012-05-05 2000 1.08374
2012-05-12 2500 1.10021
2012-05-19 6000 1.11758
2012-05-26 3000 1.03798
2012-06-02 3000 1.06625
2012-06-09 3000 1.04627
2012-06-16 3000 1.03296
Now I understand why the price of PPT.DIV has gone down to 1.0, after the last sell.
Gah, I had a buy order for PPT.E that disappeared when the dividend happened, and now the BTC is still listed as unavailable in my account. Does anyone know to fix that without opening a support ticket?
It's a known bug. Nef has to correct it manually.So, unless I counted wrong the average sale price here was 1.033BTC, which is the lowest it's ever been. At that price, PPT is a steal unless you're positive Pirate won't default. 1.28/1.033 is a 24% 4 week return, even if you buy one of the uninsured Pirate pass through bonds you'd only make 26.7% 4 week return. If you can invest the weekly dividends with no inefficiency, you could increase that to 29.5%. Getting perfect efficiency reinvesting would require placing a buy order between getting the dividends and Goat buying down to 1.02 for TYGRR-P, or purchasing the 100 shares at 1.05 that bitfoo places every week after his dividend.
Lowering the bonds being released by half does not instill confidence.
We sold 3k just like we always do. The 6k issue was an error.
Ah, I see now. I thought it was being increased.
Gah, I had a buy order for PPT.E that disappeared when the dividend happened, and now the BTC is still listed as unavailable in my account. Does anyone know to fix that without opening a support ticket?
It's a known bug. Nef has to correct it manually.So, unless I counted wrong the average sale price here was 1.033BTC, which is the lowest it's ever been. At that price, PPT is a steal unless you're positive Pirate won't default. 1.28/1.033 is a 24% 4 week return, even if you buy one of the uninsured Pirate pass through bonds you'd only make 26.7% 4 week return. If you can invest the weekly dividends with no inefficiency, you could increase that to 29.5%. Getting perfect efficiency reinvesting would require placing a buy order between getting the dividends and Goat buying down to 1.02 for TYGRR-P, or purchasing the 100 shares at 1.05 that bitfoo places every week after his dividend.
Lowering the bonds being released by half does not instill confidence.
We sold 3k just like we always do. The 6k issue was an error.
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