Guys, it's cool - he's legit.
I just googled "Capital One Corporation" and they're a huge multi-national multi-billion-dollar lender.
http://www.capitalone.com/about/corporate-information/
Topic: A high yield bond: low risk, Interst paid daily, 0.2%-1.2% - page 3. (Read 9717 times)
Do you plan on verifying your identity with GLBSE?
Planning it, but there is no plan right now. My business is in legal grey area: we break the foreign exchange restriction(we argue bitcoin is not a currency legally, and we won't use the underground money exchange service.); practice usury to unspecified people(we argue we know them and they are specified); raise money from unspecified people (OK, if I want to argue that I know you investors would be pretty unconvincing)
I guess the most safe argument is that the police don't raid our home and get the evidence.
Then you wil remain a possible scammer untill further notice.
Good luck finding
Do you plan on verifying your identity with GLBSE?
Planning it, but there is no plan right now. My business is in legal grey area: we break the foreign exchange restriction(we argue bitcoin is not a currency legally, and we won't use the underground money exchange service.); practice usury to unspecified people(we argue we know them and they are specified); raise money from unspecified people (OK, if I want to argue that I know you investors would be pretty unconvincing)
I guess the most safe argument is that the police don't raid our home and get the evidence.
Show us your Corporate registration since you self proclaimed the term Corporation next to your name.
If its just added there to sound fancy then no one should/would trust you and it all ends there.
Do you plan on verifying your identity with GLBSE?
Planning it, but there is no plan right now. My business is in legal grey area: we break the foreign exchange restriction(we argue bitcoin is not a currency legally, and we won't use the underground money exchange service.); practice usury to unspecified people(we argue we know them and they are specified); raise money from unspecified people (OK, if I want to argue that I know you investors would be pretty unconvincing)
I guess the most safe argument is that the police don't raid our home and get the evidence.
are there any min / max deposit limits?
Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.
No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.
Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.
No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.
Who are you and wtf should we allow you to raise bitcoins without any identification at all ?
You're going to have a hard time here untill you come up with a solution such as utilising glbse verification.
Do you plan on verifying your identity with GLBSE?
+1 Im tired of anonymous individuals showing up here and offering unrealistic rates of return then when it goes tits up they run away. I think they should have to hold their ID with an independent third party for some community protection.
Is Capitol one Credit card Starting up in bitcoins unofficially now?
Do you plan on verifying your identity with GLBSE?
are there any min / max deposit limits?
Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.
No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.
Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.
No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.
are there any min / max deposit limits?
So basically you offer loans to people who cannot qualify for a "payday loan" and break their legs if they don't pay back by the end of a week?
-MarkM-
-MarkM-
Serious violence is quite unusual in our business. break the legs won't get the money back. If it is that simple, I guess it will be much more scalable.
So basically you offer loans to people who cannot qualify for a "payday loan" and break their legs if they don't pay back by the end of a week?
-MarkM-
-MarkM-
Q&A session
Is there really any business behind this or just hot air?
Yes, there is. Basically I'm loaning very short term money (12 hours to 2 days, 1 week would be seen as a bad debt in our business and we will be seriously taking some actions) to people. I'm not the only one who doing the business on the earth. Thousands of organizations operates this kind of business and profit from it, with their own money and money they raise from other people. It's not a pyramid scheme or ponzi scheme or whatever could be call a scheme.
I need more money to expand my business, but it's not so expansionable. It will never reach as huge as pritae40. In some of your eyes, it will be rather small. And as the profit I get from my own money and raised money is large enough, I will paying back the capital to people and then I will only earn the profit with my own money.
What prevents you from shutting down and taking 80% of investors money any time you want?
I know that it needs time for me to build trust from the community, and I'm also aware of that how the pirate40's default hurt this community. First some people will try to risk their money in this program, and as time pass by, my credit will be built up.
Capital One Corporation is set to be a long term operation. This pass-through is only a small step for me to build this brand among the community.
This business behind the pass-through seems pretty profitable, however lack of scalability. Bitcoin is great idea, there will more investment opportunities in the bitcoin world with the potential to be great. And I believe that most of the bitcoiners participating this movement at this stage will be wealth elite in the very near future, and if I can locate great idea future, I will rather be able to have the creditability to raise money from all of you. If I have this kind of creditability, lots of start ups will be coming to me and ask for money, which will make me expose to more new great idea and entrepreneurs. What I want is far more great than the little amount of bitcoin I am going to raise.
May I short your bond when time is right?
If you can borrow some bond from the investors when it is floated, you can always do that. But it is always hard for the speculators to chose the right timing, and wish you are the exception. And watch out that may be the buyer and the borrowers all all myself or my agent. As you a short seller, you have to offer a good interest to borrow it and sell them at a comparably unfavorable condition. I'm seriously preserve the right to try to play against the short sellers when time is right and whether disclose it or not. If there is trading profit, why not take it.
Is there really any business behind this or just hot air?
Yes, there is. Basically I'm loaning very short term money (12 hours to 2 days, 1 week would be seen as a bad debt in our business and we will be seriously taking some actions) to people. I'm not the only one who doing the business on the earth. Thousands of organizations operates this kind of business and profit from it, with their own money and money they raise from other people. It's not a pyramid scheme or ponzi scheme or whatever could be call a scheme.
I need more money to expand my business, but it's not so expansionable. It will never reach as huge as pritae40. In some of your eyes, it will be rather small. And as the profit I get from my own money and raised money is large enough, I will paying back the capital to people and then I will only earn the profit with my own money.
What prevents you from shutting down and taking 80% of investors money any time you want?
I know that it needs time for me to build trust from the community, and I'm also aware of that how the pirate40's default hurt this community. First some people will try to risk their money in this program, and as time pass by, my credit will be built up.
Capital One Corporation is set to be a long term operation. This pass-through is only a small step for me to build this brand among the community.
This business behind the pass-through seems pretty profitable, however lack of scalability. Bitcoin is great idea, there will more investment opportunities in the bitcoin world with the potential to be great. And I believe that most of the bitcoiners participating this movement at this stage will be wealth elite in the very near future, and if I can locate great idea future, I will rather be able to have the creditability to raise money from all of you. If I have this kind of creditability, lots of start ups will be coming to me and ask for money, which will make me expose to more new great idea and entrepreneurs. What I want is far more great than the little amount of bitcoin I am going to raise.
May I short your bond when time is right?
If you can borrow some bond from the investors when it is floated, you can always do that. But it is always hard for the speculators to chose the right timing, and wish you are the exception. And watch out that may be the buyer and the borrowers all all myself or my agent. As you a short seller, you have to offer a good interest to borrow it and sell them at a comparably unfavorable condition. I'm seriously preserve the right to try to play against the short sellers when time is right and whether disclose it or not. If there is trading profit, why not take it.
Sounds legit.
Micon its your turn now!
Micon its your turn now!
I am literally speechless on this 1.
Dank may have a competitor...
I'm going to assume this is a scam due to the high return and lack of transparency. What prevents you from shutting down and taking 80% of investors money any time you want?
I will short your bond when the time is right, assuming any idiots buy into this.
I will short your bond when the time is right, assuming any idiots buy into this.
Viking theme this time? "What's in your wallet?"
Quote
low risk pass-through bond
Bullshit.
There is no business behind this but hot air.
Sounds legit.
Micon its your turn now!
Micon its your turn now!
My business is being carried out in a very special high yield loan industry. I have gathered an excellent profit in my pocket and I’m now planning an expansion of the business.
I have been observing and investing in bitcoin for a long time. And I think now I should combining two thing together: to help the bitcoin economy by sharing the profit, and to expand my business by raising fund from the community.
I'm going to issuing shares on the GLBSE later for the pass-through program. And now private bulk investors and questions are welcomed, PM, email(Capital.One.Corporation at gmail) or post.
The bulk investors(more than 500 bitcoins) will start to have interest as soon as they invest, and they will receive a 10% plus on their capital account after 30 days of their investment.
Accepting PreIPO orders: the preIPO price is 0.097BTC per share while the IPO price would be 0.1BTC. and it will start to receive interest after 3 days of the payment.
All the private investment can be transformed to be floated shares.
---------------------
what I'm offering. It's for the contract of the GLBSE shares, but it apply to the private bulk investors.
The daily interest will be fluctuating according to the business performance and the capital account balance.
The estimated average interest rate will be 1%. It will rarely less than 0.5% if the business is open in that day.
Usually the performance is quite better in the weekend.
This is a low risk pass-through bond. the bond will offer investors an opportunity to share the profit from the business I'm running.
Estimated daily interest rate is 0.2% to 1.2%. This bond will be paying dividend after 3 days of the IPO, and the interest rate of the inital 7 days will be 1.5%. the interest will be caculated based on the capital account balance.
Each bond will have its capital account. the balance of the capital account is the sum of
(1) the face value of the bond(0.1BTC)
(2) interest payable
(3) retained interest
(4) minus BSDs(big special dividend).
The capital account balance will 0.1BTC at the beginning. the balance of the capital account will be published in the bitcointalk.org forum. and the records of the capital account is here:
https://docs.google.com/spreadsheet/pub?key=0AqSbpgeCcm0XdGt3RHdiVDdVanA0d1N5amVnUjdhR1E&output=html
If the capital account balance is lower than the face value, the issuer has the rights to pay interest as low as 0.2% and retain rest of the interest in the capital account until the capital account balance equals the face value.
the interest will be paid on a daily basis.
The bonds can also be partially purchased back by paying BSD.
The issuer can buy back the bond at any time at a price of capital account balance plus 2 days' worth of interest.
Some of the days we have to stop running the business temporarily, and we can make no profit out of the raised capital and we only pay 0.1% interest rate per day. Usually this kind events last for 2 days and never exceed 4 days in the history.
This bond is a pass-through. I'm quite confident about the safety of the investment. However, there is still risk attached to the business. the profits are not guaranteed, the interest rate may be adjusted with a 5 days notice.
There is no exchange rate risk involved.
The bond is partially insured by the issuer. The risk will distributed between the issuer and the bond investors in such sequence, which means that the event of failure of the entity receiving pass-through investment, these bonds will be repurchased at discount of the capital account balance:
(1) The issuer take the first 20% of the loss occurred in the business; Which will decrease the risk of bond investors.
(2) the bond investor take the rest of the loss up to 80%.
---------------------
Notes: we are not related to the US company that is traded on the the New York Stock Exchange with a ticker COF.NYSE
I have been observing and investing in bitcoin for a long time. And I think now I should combining two thing together: to help the bitcoin economy by sharing the profit, and to expand my business by raising fund from the community.
I'm going to issuing shares on the GLBSE later for the pass-through program. And now private bulk investors and questions are welcomed, PM, email(Capital.One.Corporation at gmail) or post.
The bulk investors(more than 500 bitcoins) will start to have interest as soon as they invest, and they will receive a 10% plus on their capital account after 30 days of their investment.
Accepting PreIPO orders: the preIPO price is 0.097BTC per share while the IPO price would be 0.1BTC. and it will start to receive interest after 3 days of the payment.
All the private investment can be transformed to be floated shares.
---------------------
what I'm offering. It's for the contract of the GLBSE shares, but it apply to the private bulk investors.
The daily interest will be fluctuating according to the business performance and the capital account balance.
The estimated average interest rate will be 1%. It will rarely less than 0.5% if the business is open in that day.
Usually the performance is quite better in the weekend.
This is a low risk pass-through bond. the bond will offer investors an opportunity to share the profit from the business I'm running.
Estimated daily interest rate is 0.2% to 1.2%. This bond will be paying dividend after 3 days of the IPO, and the interest rate of the inital 7 days will be 1.5%. the interest will be caculated based on the capital account balance.
Each bond will have its capital account. the balance of the capital account is the sum of
(1) the face value of the bond(0.1BTC)
(2) interest payable
(3) retained interest
(4) minus BSDs(big special dividend).
The capital account balance will 0.1BTC at the beginning. the balance of the capital account will be published in the bitcointalk.org forum. and the records of the capital account is here:
https://docs.google.com/spreadsheet/pub?key=0AqSbpgeCcm0XdGt3RHdiVDdVanA0d1N5amVnUjdhR1E&output=html
If the capital account balance is lower than the face value, the issuer has the rights to pay interest as low as 0.2% and retain rest of the interest in the capital account until the capital account balance equals the face value.
the interest will be paid on a daily basis.
The bonds can also be partially purchased back by paying BSD.
The issuer can buy back the bond at any time at a price of capital account balance plus 2 days' worth of interest.
Some of the days we have to stop running the business temporarily, and we can make no profit out of the raised capital and we only pay 0.1% interest rate per day. Usually this kind events last for 2 days and never exceed 4 days in the history.
This bond is a pass-through. I'm quite confident about the safety of the investment. However, there is still risk attached to the business. the profits are not guaranteed, the interest rate may be adjusted with a 5 days notice.
There is no exchange rate risk involved.
The bond is partially insured by the issuer. The risk will distributed between the issuer and the bond investors in such sequence, which means that the event of failure of the entity receiving pass-through investment, these bonds will be repurchased at discount of the capital account balance:
(1) The issuer take the first 20% of the loss occurred in the business; Which will decrease the risk of bond investors.
(2) the bond investor take the rest of the loss up to 80%.
---------------------
Notes: we are not related to the US company that is traded on the the New York Stock Exchange with a ticker COF.NYSE
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