Topic: [>100%] MAXKEISER.bitcoinfilm - Dividends where payed -> issue worthless" - page 4. (Read 10578 times)

Just saw this "buzz" on PirateMyFilm by "PMF fund" (the owner of the project):


I will not comment on this at this point.

There's good news and bad news:

Bad news: fund needed for the project was INCREASED from USD 900 to USD 1.500. I wrote an email to Max about this. Amongst other things, I asked wether we can expect more increases.

Good news: Someone donated BTC 100 to the donation address! Thanks to whoever that was!

I updated OP, project now 32% funded.

I just purchased a share. It was my first time using the GLBSE and I found the web client straightforward to setup and use. Thanks for the initiative molecular.

I really hope this film gets made because Max has an enormous following.

For the lazy ones outthere (and me) could you make a litthe howto, on howto buy the shares etc ?

  Does GLBSE have a way to display shares outstanding from an IPO yet?  If so, go ahead and buy the shares and post a link or if they have an api to display it neetly, post that.  Will make it a bit more interactive and hopefully save you a little bit of trouble on keeping track.

Good idea, the only drawback is that I cannot give people money back in case I cannot funnel the funds towards the film for any of the reasons mentioned in the contract.

Therefore: when you donate to the following address, do post the transaction ID and also a return address here if you want funds back in case I have leftovers.

  1GhJ9QpShc9t1jWNgx8DX8nA44GYojHhE3

Any leftovers I cannot give back to the donators will be given to the bitcoin faucet. EDIT: except the donator specifies otherwise to me in PM.

I'm not sure wether I should buy GLBSE shares with the donations or just keep records. Doesn't make much of a difference I guess, at least not until most shares are bought.

  Yea, not a bad idea. I intend to eventually setup a glbse acct but have not done so.

  However, I would send a few btc your way for the cause.


  +3  ;p

#2

(Molecular, you need to fix the third link in your original post.)

It would be great if Max could make this film. Unfortunately, both GLBSE and PirateMyFilm have cumbersome payment processes.

Can you just post a simple Bitcoin donation address? You are in good standing at this forum. I'm sure there are people who would donate based on your promise to make the funds available to Max's film, yet those same people would not go through the complex processes required to donate via GLBSE or PirateMyFilm.

I'm hesitating to exchange the BTC to USD. I'll probably wait as long as possible before I do this, that way, I can give people their money back in BTC and they haven't lost anything, should the film not get funded and the exchange rate go south.

Thoughts?

It doesn't currently look like it'll happen, though: only 21 of the 180 shares on piratemyfilm.com are bought. 10 shares of my glbse contract have been bought. So the film is only (21*5 + 10*3.03) / 900 = 15% funded.

So, please buy some shares if you want to see the final project.

Max might bring a good message about Bitcoin. I'm looking forward to seeing the final project.

[edit] creating an account on GLBSE is easy.

ok, seems it's a slow start... 7 shares sold so far.

first share bought, wooohoooo!

Yes, 0.5 BTC. I'll probably pay that out of my own pocket.

The contract is up.

Asset id: e612adfd38720d4a6d6cdabababed0a5baa6631dd3ca69938fbdbe6625c9dbfb
ticker symbol: MAXKEISER.bitcoinfilm <- you can use that as asset name.

I issued 300 shares, which are on sale for 1 BTC each.

So please, if you want the film made, go buy some shares.

  you go, you.

  On the GLBSE cost, I believe it is .5 BTC to create a new asset. Atleast it was in the older post from Nef I read on GLBSE...

ABORT, payback, see this post for status: https://bitcointalksearch.org/topic/m.640461

maybe you noticed Max Keiser will come to Prague for the Bitcoin Conference and speak there.

He's also planning to make a 26 minute news feature, titled European Bitcoin - Prague. He's funding it via PirateMyFilm.

Max has gathered quite an audience. He's inventor of GIABO (Global Insurrection against Banker Occupation). He's a ex wallstreet trader, "frontline financial war reporter", film-maker and truth-teller. He regularly exposes "financial terrorists" and rages on Russia Today about global financial issues and related politics.

I think his movie could give bitcoin quite a publicity-boost in certain circles and I also think we should pool some resources to ensure it's being funded (USD 900 (currently about BTC 300) will fund the project)

Idea:

The idea is to pool support of the bitcoin community to fund this film via a "Proxy Contract" on GLBSE called MAXKEISER.bitcoinfilm

People buying shares of this issue on GLBSE will in fact be donating money to the production of this film. There will be no (regular) dividends payed and after the film is funded, the shares will likely be worth BTC 0. This is therefore not an investment in the classical sense, in that there will be no return.

Here's the contract:


Status: (as of Thu Nov 24 14:14:57 UTC 2011, exchange rate used for calc: 2.32 USD/BTC)

• Funds needed for project: USD 1.500
• Shares reserved on PirateMyFilm: 31 (of 300 needed, none of these are reserved by "us" (glbse + donations))
• Funds received via GLBSE: BTC 41
• Funds received via donation address: BTC 133.56
• Project is 37.32% funded (10.33% via "others" on piratemyfilm, 6.34 via glbse, 20.65% via donation address)

Donations:

upon request in this thread, I setup a simple bitcoin donation address for people that dont want to go through the hassle a GLBSE account involves:

1GhJ9QpShc9t1jWNgx8DX8nA44GYojHhE3

Please after donating, make a post here with the transaction id and a return address. That way I can return leftover funds to the respective donator.

Any funds leftover after trying to return to the respective donators will be given to the bitcoin faucet.

LiteCoin donation address: LQoxjfjJWcWh3pNRVDJmaDHWBLoejju27X (funds to this address will be exchanged to BTC pretty much right away, so I might not be able to give back all LTC)

Links:

• Thread this idea was born from: "Max Keiser speaking at Bitcoin Conference in Prague"
• Film Project info: PirateMyFilm Project 291 "European Bitcoin - Prague"
• GLBSE Contract: MAXKEISER.bitcoinfilm
• GLBSE share buying HowTo (a post in this thread): https://bitcointalksearch.org/topic/m.611782
• Blockexlorer Donation address received