B - page 11. | Bitcointalksearch.org

molecular

donator

Activity: 2772

Merit: 1019

Well a warning, don't speculate too much on this. If the price start going way up it will be very clear the market wants me to lower rates. :/

Just sold 100 TyGrr-Bank for 0.11 BTC/share. I think the market wants you to lower interest rates. What's your treshold?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: stochastic on March 24, 2012, 04:53:12 PM

Quote from: ?? on ??

Quote from: molecular on March 24, 2012, 09:12:12 AM

Quote from: The00Dustin on March 24, 2012, 07:09:47 AM

I don't see why anyone would buy at over .103 when goat can buy back at any time he wants.

Please clarify. How can he buy back at any time?

Make interest rate 0%, place a buy for 10000 shares at .103 and walk away. Clearly you wont have to sell to me but I think most people will. Clearly I cant offer 3% a week forever, this has to end sometime.

Very reassuring.

As for some people buying above .103, that is just some speculation some people are willing to take. Maybe too risky as you state you won't offer 3% forever, but even making 1% a week is better than most returns for the dividends of mining companies listed.

true. If TyGrr-Bank runs for a while with no new shares and constant dividends (trust builds), I can see people trading it at 0.11 or more. It's a gamble, allright, but isn't investing in this a gamble to begin with? The returns are juicy, people might just "want in" and get carried away.

We could see our first debt bubble.

stochastic

hero member

Activity: 532

Merit: 500

Quote from: ?? on ??

Quote from: molecular on March 24, 2012, 09:12:12 AM

Quote from: The00Dustin on March 24, 2012, 07:09:47 AM

I don't see why anyone would buy at over .103 when goat can buy back at any time he wants.

Please clarify. How can he buy back at any time?

Make interest rate 0%, place a buy for 10000 shares at .103 and walk away. Clearly you wont have to sell to me but I think most people will. Clearly I cant offer 3% a week forever, this has to end sometime.

Very reassuring.

As for some people buying above .103, that is just some speculation some people are willing to take. Maybe too risky as you state you won't offer 3% forever, but even making 1% a week is better than most returns for the dividends of mining companies listed.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

Quote from: molecular on March 24, 2012, 09:12:12 AM

Quote from: The00Dustin on March 24, 2012, 07:09:47 AM

I don't see why anyone would buy at over .103 when goat can buy back at any time he wants.

Please clarify. How can he buy back at any time?

Make interest rate 0%, place a buy for 10000 shares at .103 and walk away. Clearly you wont have to sell to me but I think most people will. Clearly I cant offer 3% a week forever, this has to end sometime.

Thanks for the explanation.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: The00Dustin on March 24, 2012, 07:09:47 AM

I don't see why anyone would buy at over .103 when goat can buy back at any time he wants.

Please clarify. How can he buy back at any time?

The00Dustin

hero member

Activity: 807

Merit: 500

I don't see why anyone would buy at over .103 when goat can buy back at any time he wants. That just wouldn't make sense. If the interest accumulated instead of paying out, then yes, the value would increase, but since the weekly interest is distributed to the bondholders, I'm not sure whether the bond is ever worth more than .1 again. The question is will there be a guaranteed final dividend payment immediately before the buyback (regardless of when said buyback may occur)? If so, then the bond is always worth up to itself plus 1 week's dividend, otherwise, paying .103 (or even .1000001) could be a losing proposition.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: stochastic on March 23, 2012, 09:17:21 PM

Quote from: El Cabron on March 07, 2012, 10:03:17 PM

TyGrr-Bank Now operational on GLBSE!

TyGrr-Bank is a BTC bond that will pay weekly dividends every Tuesday 6:00 PM Thailand time.

This is an easy and safe way to lend small amounts of BTC.

The current rate is 3% each week!

Each bond will be sold at .103 BTC and will be bought back at any time at .1 BTC.

This spread is here because you do not need to hold the bond for a full week to get the dividend payment.

Thanks!

I see what you did there. You are getting a portion of the bond a free 0% weekly loan.

You should be buying them back at .103 BTC instead of .100 BTC to give the bond holders "3% each week". You state that it is not necessary for the bondholder to hold the bond for a whole week to get the dividend payment of 0.003 BTC per share. If someone buys the bond at 0.103 BTC and holds it for a week and gets 0.003 BTC, then when they go to sell it at 0.100 BTC you will essentially be getting a 0% weekly loan.

The bond holder would have to hold the bond for 2 weeks to receive the "3% each week" rate.

My 0.02 BTC on the subject:

Be it 0.103/0.10 or 0.10/0.97 (it is a difference, percentage-wise), I think it's really good to do it this way. The "secondary" market handles everything in between really well and I think it's fair.

As to "you have to hold it for 2 weeks to get 3%", this is not necessarily true, exactly because of the secondary market. At the beginning of the week it would be disadvantageous to buy at 0.103, but there are people that just collected dividends and want to sell. Supply and demand will meet somewhere in the middle, maybe at 0.101. As the week goes on, prices will rise again because dividends are soon to be payed.

EDIT: of course this only works this way when IPO shares for 0.103 are available. Now it's a different kind of game (IPO shares gone), prices will rise well above 0.103. Goat, what's your policy on releasing more shares? I hope you only release them IF you can make use of the money? I'd rather see you not issue more and keep the 3% dividends as opposed to issuing more and lowering dividends.

friedcat

donator

Activity: 848

Merit: 1005

Quote from: ?? on ??

Quote from: friedcat on March 24, 2012, 03:29:21 AM

I invested some BTCs on TyGrr-Bank. Its return rate is one of the highest on GLBSE.

Currently only 1/5, that is 10,000 shares were sold. With 4/5 of the total shares left.

Is 50,000 just a randomly chosen number as some kind of buffer for emergency, or do
you have some short-term plans to enlarge your loan? Thanks.

Hello friedcat,

50,000 was a semi random number. I do not know mow much capital I will need but I'm rather sure I will not need more than that!

I have two projects I am working on and I am right now looking at privet funding. I really do not like the idea of taking BTC loans for projects priced in $USD. However I might sell a few more bonds if things don't work out the way I hope.

Very soon however it is looking like I will have a different type of bond on GLBSE for a project that we will go public with in the next few days.

Thank you for your interest.

Thanks for your quick reply.

We are now preparing for an IPO of a venture capital fund. I've been considering TyGrr-Bank as one of the most promising investees for our bootstrapping. But it seems that we are already late for your IPO, and we are worried that the market price of this bond will speedily increase to a level we couldn't afford. So we are glad to hear that you have a different type of bond listing soon, and I will study it as soon as you are ready to disclose some details.

friedcat

donator

Activity: 848

Merit: 1005

I invested some BTCs on TyGrr-Bank. Its return rate is one of the highest on GLBSE.

Currently only 1/5, that is 10,000 shares were sold. With 4/5 of the total shares left.

Is 50,000 just a randomly chosen number as some kind of buffer for emergency, or do
you have some short-term plans to enlarge your loan? Thanks.

stochastic

hero member

Activity: 532

Merit: 500

Quote from: ?? on ??

Okay it seems that I did not word this correctly and I am off on my numbers. I should have sold at .`1 and bought back at .097.

I can't sell and buy back at the same price because people would only hold the bond for the few seconds that they needed to get dividends.

But yes you do bring up a few points that I do need to correct. Give me some time and I will deal with this.

Thank you for pointing it out.

Selling at 0.100 BTC and buying back at 0.097 BTC is the same thing as selling at 0.103 BTC and buying back at 0.100. The difference is still 0.003 BTC.

You could not tell people the time you are going to be releasing the dividend payment, but maybe the best option is to change the OP and state that 3% dividend is possible after 2 weeks of holding the bond. After 2 weeks there really is no issue.

stochastic

hero member

Activity: 532

Merit: 500

Quote from: El Cabron on March 07, 2012, 10:03:17 PM

TyGrr-Bank Now operational on GLBSE!

TyGrr-Bank is a BTC bond that will pay weekly dividends every Tuesday 6:00 PM Thailand time.

This is an easy and safe way to lend small amounts of BTC.

The current rate is 3% each week!

Each bond will be sold at .103 BTC and will be bought back at any time at .1 BTC.

This spread is here because you do not need to hold the bond for a full week to get the dividend payment.

Thanks!

I see what you did there. You are getting a portion of the bond a free 0% weekly loan.

You should be buying them back at .103 BTC instead of .100 BTC to give the bond holders "3% each week". You state that it is not necessary for the bondholder to hold the bond for a whole week to get the dividend payment of 0.003 BTC per share. If someone buys the bond at 0.103 BTC and holds it for a week and gets 0.003 BTC, then when they go to sell it at 0.100 BTC you will essentially be getting a 0% weekly loan.

The bond holder would have to hold the bond for 2 weeks to receive the "3% each week" rate.

Week	Purchased Price (BTC)	Repurchase	Culumative	Rate of Return (%)
1	0.103	0.100	0.03	0%
2	0.103	0.100	0.006	2.9%
3	0.103	0.100	0.009	5.83%
4	0.103	0.100	0.012	8.74%

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

Second week paid. Thanks.

Thanks.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: vuce on March 14, 2012, 05:32:28 AM

check http://charts.glbse.com/markets/TyGrr-Bank/trades.html. Unless he was buying them back at 0.103, he sold 4642 shares. I also remember there were almost 10000 outstanding shares at the beginning.

Thanks a lot, this helped. Apparently if you set the chart time range to "all time", it only displays back to march 9th.

vuce

sr. member

Activity: 476

Merit: 250

Quote from: molecular on March 14, 2012, 05:15:56 AM

Quote from: vuce on March 14, 2012, 05:11:10 AM

Quote from: ?? on ??

Quote from: molecular on March 14, 2012, 04:04:49 AM

wow, some questions, goat:

It says there are 50.000 issues in all, 5146 on sale. Does this mean you already sold 50000-5146 = 44854 issues totalling 4619.96 BTC?!?
If not: how many did you sell?

On the charts page you can see the volume done in the last 30 days or what not. I only listed 1000 for sale.

I was not sure to value them at .1 or .01 In the end I went with .1, also I can sell more later if I need.

You mean 10000? 4642 have already been sold.

how do you know 4642 have been sold? adding up the bars on bitcoincharts gives me a volume of 1100 (roughly), so no more than that could've been sold, right?

Quote from: glbse symbol TyGrr-Bank

Asks
0.1030000 BTC   5146

Bids
0.1010000 BTC   5
0.1000000 BTC   1000

He's offering to buy back 1000 at 0.1 BTC as promised. But if "I only listed 1000 for sale" is correct, how can there be 5146 on the ask side?

I'm confused.

check http://charts.glbse.com/markets/TyGrr-Bank/trades.html. Unless he was buying them back at 0.103, he sold 4642 shares. I also remember there were almost 10000 outstanding shares at the beginning.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: vuce on March 14, 2012, 05:11:10 AM

Quote from: ?? on ??

Quote from: molecular on March 14, 2012, 04:04:49 AM

wow, some questions, goat:

It says there are 50.000 issues in all, 5146 on sale. Does this mean you already sold 50000-5146 = 44854 issues totalling 4619.96 BTC?!?
If not: how many did you sell?

On the charts page you can see the volume done in the last 30 days or what not. I only listed 1000 for sale.

I was not sure to value them at .1 or .01 In the end I went with .1, also I can sell more later if I need.

You mean 10000? 4642 have already been sold.

how do you know 4642 have been sold? adding up the bars on bitcoincharts gives me a volume of 1100 (roughly), so no more than that could've been sold, right?

Quote from: glbse symbol TyGrr-Bank

Asks
0.1030000 BTC   5146

Bids
0.1010000 BTC   5
0.1000000 BTC   1000

He's offering to buy back 1000 at 0.1 BTC as promised. But if "I only listed 1000 for sale" is correct, how can there be 5146 on the ask side?

I'm confused.

vuce

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

Quote from: molecular on March 14, 2012, 04:04:49 AM

wow, some questions, goat:

It says there are 50.000 issues in all, 5146 on sale. Does this mean you already sold 50000-5146 = 44854 issues totalling 4619.96 BTC?!?
If not: how many did you sell?

On the charts page you can see the volume done in the last 30 days or what not. I only listed 1000 for sale.

I was not sure to value them at .1 or .01 In the end I went with .1, also I can sell more later if I need.

You mean 10000? 4642 have already been sold.

molecular

donator

Activity: 2772

Merit: 1019

wow, some questions, goat:

It says there are 50.000 issues in all, 5146 on sale. Does this mean you already sold 50000-5146 = 44854 issues totalling 4619.96 BTC?!?
If not: how many did you sell?

roomservice

full member

Activity: 199

Merit: 100

AWESOME! Just reinvested the dividends Cheesy

Thank you so much for offering this service! I haven't seen any stock on GLBSE that can offer that kind of return to investment!

likuidxd

sr. member

Activity: 476

Merit: 500

Quote from: ?? on ??

I am not past due any date on any loan.

$40,000?

This is all unreasonable BS... FUD... You need to work your math again and reread the contracts... No one has complained about me and there is no reason to do so... I await your apology.

Never said due date, "Beyond interest date". Your contract on BIB.Goat states interest will start to accumulate at 2% after 4 months, created in November. It is now March. Not stating that you needed to have it repayed by them, but rather that on 25% has been repayed in that time. That's 5 coins a month and at the repayment rate/exchange rate that's a large chunk.

~~BIB.Goat~~ Loan from BIB 344 BTC @ ~ $3.2/BTC = $1156
$4,500 of equipment 'loan' long term mining contract open to public on the GLBSE (TyGrr)
TyGrr-Bank - 5,000 shares IPO @ 0.1BTC = 500 BTC @ $4.85/BTC = $2,425 (Share Quantity Issued states 50,000 Shares?!)
Totals: $8,081

Now, why please does that say 50,000 shares issued? ($40,000 was taking into account this number and is a mistake, my apologies for that)

Do you still own 1,050 shares in TyGrr?

This is not a personal attack on you, don't take it that way. This is about transparency. You have loans out that are not repayed yet and you are asking for another but calling it a bank...

Quote from: ?? on ??

Right now I will be buying used/new hardware that I can get at a decent price from China/Japan. But in the future it could be for anything. If I get enough I will loan out money at higher rates than I pay.

Quote from: ?? on ??

No one has complained about me and there is no reason to do so... I await your apology.

No one ever complained about Shakaru either, shit happens and now unfortunately many are at his throat. Glad to hear you have 2,000 BTC in FirstPirate in case something does happen to recover people losses.

likuidxd

sr. member

Activity: 476

Merit: 500

Quote from: brendio on March 08, 2012, 07:17:43 PM

Quote from: likuidxd on March 08, 2012, 07:05:22 PM

Quote from: ?? on ??

Right now I will be buying used/new hardware that I can get at a decent price from China/Japan. But in the future it could be for anything. If I get enough I will loan out money at higher rates than I pay.

How many GLBSE loans are you going to take out?!

Correct me if I'm wrong; This is the second (third counting your IPO for TyGrrTech) time you've done this? Have the others paid investors back yet?

You can monitor repayment of capital on the BIB.goat bond at this address: http://blockexplorer.com/address/1KczyCc9YtXt9XiiXwbmgs4nZgfMebMWUk

Current status: 90 or 344 BTC repaid.

He's already beyond his interest date on the last loan he took AFAIK and only 25% has been repayed. Is this bond to cover the other? Unlike the last bond there is NO security in this one. Roughly $40,000 has been received now as far as I can tell. Not personally questioning you goat but this is pretty deep water.

Topic: B - page 11. (Read 22007 times)