Topic: . - page 6. (Read 11133 times)
Just out of curiosity, what happens if a member of the cartel wants out after selling all of the PPT.DIV they are allowed to sell and subsequently finding their earnings to be too low (even after a fair amount of time)? I ask because with 85% less new income, I don't know what motivates them to keep backing up the bonds once the upfront bonus income has averaged away (or perhaps before that happens depending on scruples and life situations)?
So if I get it right it should be 9000 shares backing those 3840 BTC in the fund for PPT.X.
Then it would be approx. 0.427 BTC/share ... if we buy higher we take more risk and you lower your risk while getting profit for the work you did with all this PPT stuff.
The case of Pirate's default is obvious - our money will be lost.
But my question is how the fund will be refilled in case that part of it will be used to cover the difference in case Pirate changes the rates and you'll still have to pay the full 1.28 per bond? I know that in most cases it will just lower the profit from that batch of bonds but if the reduction is significant it can go even to a loss.
Then it would be approx. 0.427 BTC/share ... if we buy higher we take more risk and you lower your risk while getting profit for the work you did with all this PPT stuff.
The case of Pirate's default is obvious - our money will be lost.
But my question is how the fund will be refilled in case that part of it will be used to cover the difference in case Pirate changes the rates and you'll still have to pay the full 1.28 per bond? I know that in most cases it will just lower the profit from that batch of bonds but if the reduction is significant it can go even to a loss.
These figures are per PPT.DIV share, correct?
This is a significant amount when compared to what PPT.X shares go for; someone holding as many PPT.DIV shares as they buy PPT.X shares per week could view it as them getting a higher payout / cheaper purchase price on their PPT.X shares. It will be extremely interesting to see what price the market decides will be appropriate for these.
Yes.
wonder if you have any views on expected price, and potentially expected payout?
Unsure about price as that will require each buyer to assess what they think the future dividend stream will be worth.
As for payouts, PPT.D should be about 0.0425 per share and that was for 2500 bonds. As we move to 3000/wk, that would be 0.051 (scaled up by 3000/2500). What we have also seen as the PPT offering has become better well known is that the bidding price has also increased (the implied dividend from PPT.A would be 0.032 scaling up by 3000/1500).
These figures are per PPT.DIV share, correct?
This is a significant amount when compared to what PPT.X shares go for; someone holding as many PPT.DIV shares as they buy PPT.X shares per week could view it as them getting a higher payout / cheaper purchase price on their PPT.X shares. It will be extremely interesting to see what price the market decides will be appropriate for these.
wonder if you have any views on expected price, and potentially expected payout?
Unsure about price as that will require each buyer to assess what they think the future dividend stream will be worth.
As for payouts, PPT.D should be about 0.0425 per share and that was for 2500 bonds. As we move to 3000/wk, that would be 0.051 (scaled up by 3000/2500). What we have also seen as the PPT offering has become better well known is that the bidding price has also increased (the implied dividend from PPT.A would be 0.032 scaling up by 3000/1500).
What happens if PPT cease operations because pirate change his policies, reduces ROI so that this venture is no longer profitable. will the 3840BTC (reserve fund) be split between the 9000 PPT.DIV making a final payment of 0.426BTC/PPT.DIV share + last weekly profit?
The reserve fund is linked to the PPT shares and as stated in both the OP and FAQ, on the event of a liquidation or winding up, those funds are repaid. They are not profits.
What happens if PPT cease operations because pirate change his policies, reduces ROI so that this venture is no longer profitable. will the 3840BTC (reserve fund) be split between the 9000 PPT.DIV making a final payment of 0.426BTC/PPT.DIV share + last weekly profit?
My friend the Crayfish and I will have some chocolate fish (with the pink marshmallow) while hunting Jellyfish. The weight is hard earned.
Pirate might not default, and I'm expecting that he won't. If I thought he was, I wouldn't have committed 640 coins to PPT just to pay out bond holders, or be happy to have my account with him sitting with 4000 coins for months on end.
But you are quite right, calculating a fair price will be difficult.
Pirate might not default, and I'm expecting that he won't. If I thought he was, I wouldn't have committed 640 coins to PPT just to pay out bond holders, or be happy to have my account with him sitting with 4000 coins for months on end.
But you are quite right, calculating a fair price will be difficult.
StarFISH, and you look a bit chubby on that photo of your's! 
BTT, the price on this is also a kind of double prediction:
* How high will the dividends be on PPT.X issues in the future and
* When will pirateat40 default
Both are interlinked, as the dividends could rise quickly and pirate might default soon, or dividends might decrease over time but he might keep up his operation for some more months. Still I figure from the recent runs on IPOs on GLBSE some bubbles are already forming - it seems to be more important to some ppl. to own shares at any cost instead of thinking about values before.
Luckily GLBSE is still in terms of "company" size, fees and money movements rather a playground than a stock exchange - I hope it stays that way in the future too!
BTT, the price on this is also a kind of double prediction:
* How high will the dividends be on PPT.X issues in the future and
* When will pirateat40 default
Both are interlinked, as the dividends could rise quickly and pirate might default soon, or dividends might decrease over time but he might keep up his operation for some more months. Still I figure from the recent runs on IPOs on GLBSE some bubbles are already forming - it seems to be more important to some ppl. to own shares at any cost instead of thinking about values before.
Luckily GLBSE is still in terms of "company" size, fees and money movements rather a playground than a stock exchange - I hope it stays that way in the future too!
Well, I guess some people will buy these at very inflated prices... (I dare to call everyone stupid who buys any of these for more than a month worth of expected dividends)
More money to be lost to the big fish on GLBSE in case of a pirate default, I guess.
More money to be lost to the big fish on GLBSE in case of a pirate default, I guess.
It depends on your view of the world. If you think (and you obviously do) that it is all going to fall over very quickly, then you will obviously stay away. (I had someone point out that there was a bet BS&T would default in July - unlikely to be based on anything other than pesimism.)
On the other hand, if you have a slightly more reasoned approach, and probably better informed, then the price someone will be prepared to pay will be higher.
I am undecided as to what constitutes a good price, as I expect the dividends to run quite well for another five months (which is my current guess) and beyond that I am uncertain. Also, the growth in dividend stream over the short-term will be quite healthy.
(p.s. I'm not that big a fish, and not a fish at all
) 
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