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Audriux9

member

Activity: 72

Merit: 10

Sorry if I missed this, but how do you estimate income (profit) from PPT.x bonds?

I can't get the numbers you have stated in this thread, for example let's take the first issue of PPT.A bond:

Number of bonds issued 1500, total income from this sale 1608.81947502 (average price was 1608.81947502/1500=1.07254631668)

Then estimated profit has to be (1608.81947502-1500)*1.28=139.2889280256, or if you take compounding interest rate for 27 days and 22 hours then profit becomes 184.1682183.

So I don't get the value as you stated 142.89848614 Huh

Edit: Also You sold PPT.C for higher average price than PPT.B, but estimated income was lower for PPT.C.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: ?? on ??

I would accept Brendio as an escrow agent for anyone who wants to short PPT.DIV and, yes, it would make sense to have him sell the shares. You could just give him the price you would accept for the shares and he would sell them for you.

Since the shares would be in Brendio's account he would get the dividends paid to him so all the person shorting the shares would need to do is send Brendio the 10% additional amount and Brendio could then forward the dividends+10% directly to me.

TBH putting the funds in escrow would be a pretty large impediment, as it would keep me from using the funds to generate income in order to offset the dividends while the bonds are being borrowed. If we could work out something else to counteract the trust issue, PM me or let me know here. Would dividends to be paid on Tuesday at 2pm UTC work?

brendio

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Quote from: MrTeal on May 29, 2012, 11:01:05 PM

Quote from: ?? on ??

I have plenty fo PPT.DIV shares if anyone else is interested in shorting them.

What sort of terms would you want for borrowing some shares of PPT.DIV, say 300?

I was thinking something along these lines:

Quote from: Bitsinmyhead on May 27, 2012, 10:01:57 AM

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

But, what do you propose to solve the trust issue? Maybe some sort of escrow?

I lend you the shares, you sell them, the BTC is put in escrow, you pay the dividends each week + 10% at the end of the option period you buy back the shares with the escrowed funds. If you guessed correctly then you will have extra funds in escrow. If you guessed wrong then you would have to pony up additional funds in order to repuchase the shares. (?)

I'm happy to go escrow, and may even borrow some shares myself.

BTW, wouldn't the escrow need to be the one that sells the shares, because from the time you transfer them you need to trust the counterparty. Otherwise they could sell but never deliver the funds to the escrow agent.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: ?? on ??

I have plenty fo PPT.DIV shares if anyone else is interested in shorting them.

What sort of terms would you want for borrowing some shares of PPT.DIV, say 300?

Timbo925

sr. member

Activity: 352

Merit: 250

Quote from: brendio on May 27, 2012, 10:31:43 AM

Quote from: Timbo925 on May 27, 2012, 10:19:45 AM

Quote from: brendio on May 27, 2012, 10:14:07 AM

Quote from: Bitsinmyhead on May 27, 2012, 10:01:57 AM

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

I had the idea to try to do a similar thing back when they were selling for 1.5 BTC.

Maybe stupid question but what do you gain with that?

The ability to short sell it and offer those wanting to buy it better prices than they would otherwise get. Wink

Thanks little bit overpriced right now so maybe even a good idea Wink

brendio

hero member

Activity: 518

Merit: 500

Quote from: Timbo925 on May 27, 2012, 10:19:45 AM

Quote from: brendio on May 27, 2012, 10:14:07 AM

Quote from: Bitsinmyhead on May 27, 2012, 10:01:57 AM

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

I had the idea to try to do a similar thing back when they were selling for 1.5 BTC.

Maybe stupid question but what do you gain with that?

The ability to short sell it and offer those wanting to buy it better prices than they would otherwise get. Wink

Timbo925

sr. member

Activity: 352

Merit: 250

Quote from: brendio on May 27, 2012, 10:14:07 AM

Quote from: Bitsinmyhead on May 27, 2012, 10:01:57 AM

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

I had the idea to try to do a similar thing back when they were selling for 1.5 BTC.

Maybe stupid question but what do you gain with that?

brendio

hero member

Activity: 518

Merit: 500

Quote from: Bitsinmyhead on May 27, 2012, 10:01:57 AM

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

I had the idea to try to do a similar thing back when they were selling for 1.5 BTC.

Bitsinmyhead

sr. member

Activity: 465

Merit: 254

I have borrowed 50 shares from dollartrader to be returned Sunday 24th of June. I will pay him all dividends + 10%.

dollartrader

full member

Activity: 192

Merit: 100

PM Sent

Quote from: Bitsinmyhead on May 27, 2012, 07:23:58 AM

Anyone who owns PPT.DIV interested in lending them to me? I will pay you 10% higher dividend than PPT.DIV pays while I am borrowing it from you. Looking for 50 shares, and to borrow for at least 4 weeks.

Bitsinmyhead

sr. member

Activity: 465

Merit: 254

Anyone who owns PPT.DIV interested in lending them to me? I will pay you 10% higher dividend than PPT.DIV pays while I am borrowing it from you. Looking for 50 shares, and to borrow for at least 4 weeks.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: filharvey on May 21, 2012, 02:46:18 PM

I cant believe these are selling at 1.4-1.5. That will basically mean the return is 1% a week.

Actually, the first dividend that has gone out gives that 1% return for that week. If you look at the future dividends you will see that they are higher. By your reasoning the return will be 2% for the next two weeks and then closer to 3% when PPT.D dividends are paid in three weeks time. Apart from the following week where it will be higher again, with a 1.5BTC price, it looks like 3% to 4% per week return.

Sukrim

legendary

Activity: 2618

Merit: 1007

Quote from: filharvey on May 21, 2012, 02:46:18 PM

I cant believe these are selling at 1.4-1.5. That will basically mean the return is 1% a week.

http://en.wikipedia.org/wiki/Greater_fool_theory Wink

filharvey

hero member

Activity: 866

Merit: 1001

I cant believe these are selling at 1.4-1.5. That will basically mean the return is 1% a week.

PatrickHarnett

hero member

Activity: 518

Merit: 500

There have been a few sales of PPT.DIV shares since they have been available to trade, and with the first bond redemption (PPT.A), the first dividend is scheduled for tomorrow at a modest 0.0159.

filharvey

hero member

Activity: 866

Merit: 1001

Well there's the benefit of having 250 of the .div shares. I wold be interested in holding on to that and not sell. Just reaping the dividend.

Also it boosts the number of bonds they can issue.

So if u are interested in a partner 7 who is not interested in selling the .div shares, let me know. I will certainly buy in

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: filharvey on May 16, 2012, 07:00:38 PM

So is it possible to buy PPT at 110 or 120? I would prefer to buy those if possible?

If you could, you would find there are few benefits. They provide no dividend, and lock up the coins in the insurance fund.
(They also have terrible liquidity - it is why we did the DIV shares.)

filharvey

hero member

Activity: 866

Merit: 1001

So is it possible to buy PPT at 110 or 120? I would prefer to buy those if possible?

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: ?? on ??

Quote from: redbeans2012 on May 16, 2012, 11:19:20 AM

Is the auction different than trading the bonds on the GLBSE? I just don't see PPT.E listed..

Since this is the first time PPT.E is being sold it is in the IPO section here: https://glbse.com/ipos

After the first time being sold as an IPO all subsequent sales will be show in the regular market place section like these:

https://glbse.com/asset/view/PPT.A
https://glbse.com/asset/view/PPT.B
https://glbse.com/asset/view/PPT.C
https://glbse.com/asset/view/PPT.D

Note that PPT.DIV is also in the IPO section.

Will PPT.DIV be an issue like the PPT bonds with X number sold on the first day, or will each member of the existing have free rein to do with the 90% of their DIV shares as they see fit?

redbeans2012

hero member

Activity: 887

Merit: 1000

Ok sorry for my ignorance, kinda new to this. So can I buy them now? If so where? I don't see an option.

Undecided

Topic: . - page 5. (Read 11133 times)