Pages:
Author

Topic: ASICMINER fixed price auction 4.5BTC/share, 1000 shares (Read 6427 times)

sr. member
Activity: 476
Merit: 250
my shares were transferred!  Thanks!
newbie
Activity: 55
Merit: 0
WoW... so i buy shares on wednesday, but have to wiat a week to actually get them...... crazy!

It looks like the shares are transferred on friedcat's end but the only way to verify this, other than a PM from friedcat himself, is by dividends as received by your share account address or as visible in the blockchain.
donator
Activity: 994
Merit: 1000
Should we expect a PM from friedcat to verify the completion of the transfer of shares? Or should we wait until the next dividend to see?
Dividend.

so does that mean wait until next Wednesday?
yes
I just got notification the friedcat has processed the transfer requests. You may now go ahead an work under the assumption that all transfers have been processed correctly.
vip
Activity: 840
Merit: 1000
WoW... so i buy shares on wednesday, but have to wiat a week to actually get them...... crazy!

This is normal.

And it is done for security. Your shares are very safe.

 If you want to day trade use the pass throughs.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
WoW... so i buy shares on wednesday, but have to wiat a week to actually get them...... crazy!
donator
Activity: 994
Merit: 1000
Should we expect a PM from friedcat to verify the completion of the transfer of shares? Or should we wait until the next dividend to see?
Dividend.

so does that mean wait until next Wednesday?
yes
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Should we expect a PM from friedcat to verify the completion of the transfer of shares? Or should we wait until the next dividend to see?
Dividend.

so does that mean wait until next Wednesday?
donator
Activity: 994
Merit: 1000
Should we expect a PM from friedcat to verify the completion of the transfer of shares? Or should we wait until the next dividend to see?
Dividend.
newbie
Activity: 55
Merit: 0
Should we expect a PM from friedcat to verify the completion of the transfer of shares? Or should we wait until the next dividend to see?
donator
Activity: 994
Merit: 1000
Quick Update

The second share transfer request has been sent out earlier today.
I thank all participants for making this a swift and successful auction.

I regret that one buyer wasn't satisfied with his purchase. I am trying to accommodate him as much as possible without placing others at a disadvantage.

0 shares available.
0 shares in reservation/escrow.
1000 shares paid.
member
Activity: 92
Merit: 10
Hi Elastic,

I am a bit confused as to what you are upset about.  If you do your due diligence on this investment, you'd realize that share confirmation takes time.  TaT mentioned the time frame, but again, it can take 1-5 days for confirmation.  

Unless I am mistaken, it seems he submitted the transfer request quite expediently.  He has no actual control over how long it takes Friedcat to respond and process it.  In the end, you received your shares and the dividends owed to you in a timely manner.  Jutarul owes no restitution.

If you prefer quicker access, perhaps a passthrough share offered on local exchanges would be a better bet.  You can have your shares transferred over if you'd like.

-JC


Yes you are correct, this is down to my error and not knowing enough about what i was buying Smiley I did not understand friedcat would transfer the shares whenever he had time(1-5days), i expected it to be a bit faster..... like i had to make payment within 48hrs, i kind of expected a quick turn around on both sides...... my mistake

Not a problem bud.  You live, you learn.  Always hurts to learn when it makes your wallet a tad leaner however.  Wink  Either way, I'm sure the bulls will be back eventually. 

-JC
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Hi Elastic,

I am a bit confused as to what you are upset about.  If you do your due diligence on this investment, you'd realize that share confirmation takes time.  TaT mentioned the time frame, but again, it can take 1-5 days for confirmation.  

Unless I am mistaken, it seems he submitted the transfer request quite expediently.  He has no actual control over how long it takes Friedcat to respond and process it.  In the end, you received your shares and the dividends owed to you in a timely manner.  Jutarul owes no restitution.

If you prefer quicker access, perhaps a passthrough share offered on local exchanges would be a better bet.  You can have your shares transferred over if you'd like.

-JC


Yes you are correct, this is down to my error and not knowing enough about what i was buying Smiley I did not understand friedcat would transfer the shares whenever he had time(1-5days), i expected it to be a bit faster..... like i had to make payment within 48hrs, i kind of expected a quick turn around on both sides...... my mistake
member
Activity: 92
Merit: 10
Hi Elastic,

I am a bit confused as to what you are upset about.  If you do your due diligence on this investment, you'd realize that share confirmation takes time.  TaT mentioned the time frame, but again, it can take 1-5 days for confirmation.  

Unless I am mistaken, it seems he submitted the transfer request quite expediently.  He has no actual control over how long it takes Friedcat to respond and process it.  In the end, you received your shares and the dividends owed to you in a timely manner.  Jutarul owes no restitution.

If you prefer quicker access, perhaps a passthrough share offered on local exchanges would be a better bet.  You can have your shares transferred over if you'd like.

-JC
full member
Activity: 207
Merit: 100
Dude i was complaining to you last night about how long this deal was taking, the prices were above 5btc per share then..... so YES i would still complain like i did last night, as it is the time frame being so unknown(1-5 days as mentioned) that makes me uncomfortable

This is outside of elasticband's control and if you've been following previous AM auctions you'd know that share transfers can take up to a week to complete. Friedcat is a busy man. You'll get your shares don't worry, you won't miss out on anything.
vip
Activity: 840
Merit: 1000
the price of the shares is not in your control, i know this...... I just think for such large transactions a bit more speed should be taken by ALL parties involved...... just like you demand payment be made within 48hrs of the bid being made..... this statement should go both ways..... especially when dealing with such high volume transactions. This is all just my opinion based on how events are panning out though.

Sounds like you agreed to buy something you did not know what it was. This is not the sellers fault. You really should have read about what you were buying and how it works before you bid and paid. Asking the questions after is just silly. I will never trade with you.

legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
the price of the shares is not in your control, i know this...... I just think for such large transactions a bit more speed should be taken by ALL parties involved...... just like you demand payment be made within 48hrs of the bid being made..... this statement should go both ways..... especially when dealing with such high volume transactions. This is all just my opinion based on how events are panning out though.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
I just expected the trade to be done quicker than this..... I was unaware it would take this long and feel a little uncomfortable with thr sittuation.... just saying Smiley

hmm... uncomfortable with them trading at <4 now ?

the guys who had PT shares really benefited from this and are not complaining Wink


no uncomfortable because I was not nformed i woukd wait more than 24hrs to have the shares...... I did explain to the auction holder I was new to this..... but he neglected to tell me I woukd have to wait for over 24hrs for nithing.

As I explained to you in the PM I just sent, your misinterpretation creates an issue with bailing out of an OTC deal due to price volatility. Even though I am inclined to help you out here, I have two problems:
a) how do I tread the next person who comes along and demands a refund?
b) would you complain if the share price would be at 5/share right now?

I try to stick to the terms of my offering and I expect the same in return. Ignorance about what I expect to be common knowledge in OTC trades is a bad excuse.

As I indicated elsewhere, I am trying to help as much as I can - but you have to understand my predicament.


Dude i was complaining to you last night about how long this deal was taking, the prices were above 5btc per share then..... so YES i would still complain like i did last night, as it is the time frame being so unknown(1-5 days as mentioned) that makes me uncomfortable
donator
Activity: 994
Merit: 1000
I just expected the trade to be done quicker than this..... I was unaware it would take this long and feel a little uncomfortable with thr sittuation.... just saying Smiley

hmm... uncomfortable with them trading at <4 now ?

the guys who had PT shares really benefited from this and are not complaining Wink


no uncomfortable because I was not nformed i woukd wait more than 24hrs to have the shares...... I did explain to the auction holder I was new to this..... but he neglected to tell me I woukd have to wait for over 24hrs for nithing.

As I explained to you in the PM I just sent, your misinterpretation creates an issue with bailing out of an OTC deal due to price volatility. Even though I am inclined to help you out here, I have two problems:
a) how do I tread the next person who comes along and demands a refund?
b) would you complain if the share price would be at 5/share right now?

I try to stick to the terms of my offering and I expect the same in return. Ignorance about what I expect to be common knowledge in OTC trades is a bad excuse.

As I indicated elsewhere, I am trying to help as much as I can - but you have to understand my predicament.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
I just expected the trade to be done quicker than this..... I was unaware it would take this long and feel a little uncomfortable with thr sittuation.... just saying Smiley

hmm... uncomfortable with them trading at <4 now ?

the guys who had PT shares really benefited from this and are not complaining Wink


no uncomfortable because I was not nformed i woukd wait more than 24hrs to have the shares...... I did explain to the auction holder I was new to this..... but he neglected to tell me I woukd have to wait for over 24hrs for nithing.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Wow I 100% would not have done a deal had I known the time to tranafer was unknown..... anybody want to buy my shares?
Pages:
Jump to: