While the first 10 million shares are sold, your job is just to put up a sell wall at the current IPO price. Once no more shares are to be sold, will you then just issue dividends? Also, will the two stocks then trade freely, thus creating arbitrage opportunity? And will no more shares be issued at that point until more shares are sold by Erik himself?
I just want to make sure my vision of the way this stock works aligns with the way it actually works in reality. Thanks!
Topic: [BF and BTCT] Gamma SatoshiDICE Pass Through - page 21. (Read 34944 times)
Thanks for another nice service!
Okay I am currently buying the backing from MPex and everything is going fine so far 
I will keep buying backing as the GSDPT shares get's bought up.
Yet again sorry for the delay, and I will do my best to avoid delays in the future.
Enjoy your shares!
//DeaDTerra
I will keep buying backing as the GSDPT shares get's bought up.
Yet again sorry for the delay, and I will do my best to avoid delays in the future.
Enjoy your shares!
//DeaDTerra
LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this
It will be funny if the passthrough sells more of the shares than the exchange the IPO is listed on does
I have placed more shares now and I will start the backing
//DeaDTerra
LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this
It will be funny if the passthrough sells more of the shares than the exchange the IPO is listed on does
LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this
Already up something like 30%
Go go GLBSE funkyness. From #bitcoin-assets:
Then the last trade listed on GLBSE is [email protected], so that trade (which didn't print on IRC) got the rest of the shares.
Code:
[18:00] <@assbot> [GLBSE] [GSDPT] 1 @ 0.0032 BTC
...
[18:03] <@assbot> [GLBSE] [GSDPT] 1 @ 0.0032 BTC
[18:04] <@assbot> [GLBSE] [GSDPT] 300 @ 0.0032 = 0.96 BTC
...
[18:04] <@assbot> [GLBSE] [GSDPT] 1000 @ 0.0032 = 3.2 BTC
[18:05] <@assbot> [GLBSE] [GSDPT] 999 @ 0.0032 = 3.1968 BTC
...
[18:05] <@assbot> [GLBSE] [GSDPT] 20 @ 0.0032 = 0.064 BTC
Then the last trade listed on GLBSE is [email protected], so that trade (which didn't print on IRC) got the rest of the shares.
Damn. The 999 was only a test buy to make sure GLBSE was working. I wanted more!
Go go GLBSE funkyness. From #bitcoin-assets:
Then the last trade listed on GLBSE is [email protected], so that trade (which didn't print on IRC) got the rest of the shares.
Code:
[18:00] <@assbot> [GLBSE] [GSDPT] 1 @ 0.0032 BTC
...
[18:03] <@assbot> [GLBSE] [GSDPT] 1 @ 0.0032 BTC
[18:04] <@assbot> [GLBSE] [GSDPT] 300 @ 0.0032 = 0.96 BTC
...
[18:04] <@assbot> [GLBSE] [GSDPT] 1000 @ 0.0032 = 3.2 BTC
[18:05] <@assbot> [GLBSE] [GSDPT] 999 @ 0.0032 = 3.1968 BTC
...
[18:05] <@assbot> [GLBSE] [GSDPT] 20 @ 0.0032 = 0.064 BTC
Then the last trade listed on GLBSE is [email protected], so that trade (which didn't print on IRC) got the rest of the shares.
The ask wall is up
Place your bids!
//DeaDTerra
Place your bids!
//DeaDTerra
I have started issueing and selling off shares
I will then transfer the funds raised to MPex and place a bid to prepare for the SD IPO.
//DeaDTerra
*Edit* a bug on GLBSE has prevented me from selling the shares more updates soon*
I will then transfer the funds raised to MPex and place a bid to prepare for the SD IPO.
//DeaDTerra
*Edit* a bug on GLBSE has prevented me from selling the shares more updates soon*
UPDATED STATS (Aug 24)
When the IPO was announced about 6 days ago, the P/E ratio was 10x. Some people said that was too high of a valuation and we've been debating this as is proper.
I updated the stats today to reflect the past week of numbers, as well as added a new metric showing P/E based on past 30 days (not based on all time performance).
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Current P/E based on all-time performance: 8.79x
Current P/E based on past 30 days performance: 4.72x
Thus, if SatoshiDICE remains flat from here, and neither grows nor shrinks in usage from actual past 30 days' performance, it's priced at a 4.72x multiple. Annual dividend yield of IPO prices is 21.20%
I can't stress enough that all these numbers are based on actual real-life performance, they are not wild-eyed estimates of possible future growth figures, etc. I think it will be hard to continue to argue that this asset is priced unreasonably.
When the IPO was announced about 6 days ago, the P/E ratio was 10x. Some people said that was too high of a valuation and we've been debating this as is proper.
I updated the stats today to reflect the past week of numbers, as well as added a new metric showing P/E based on past 30 days (not based on all time performance).
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Current P/E based on all-time performance: 8.79x
Current P/E based on past 30 days performance: 4.72x
Thus, if SatoshiDICE remains flat from here, and neither grows nor shrinks in usage from actual past 30 days' performance, it's priced at a 4.72x multiple. Annual dividend yield of IPO prices is 21.20%
I can't stress enough that all these numbers are based on actual real-life performance, they are not wild-eyed estimates of possible future growth figures, etc. I think it will be hard to continue to argue that this asset is priced unreasonably.
launch date on GLBSE 2013-04-24 14:00:00 
Well that's wrong xD thanks for notifying me I will get Nef to fix it //DeaDTerra
lol I hate it when that happens
It is too bad DeaDTerra didn't get the Kraken passthrough. We may have gotten decent terms in that case.
I am working on it ^^I have talked to Patrick and I might get to join Kraken #2
//DeaDTerra
launch date on GLBSE 2013-04-24 14:00:00
Well that's wrong xD thanks for notifying me I will get Nef to fix it //DeaDTerra
It is too bad DeaDTerra didn't get the Kraken passthrough. We may have gotten decent terms in that case.
launch date on GLBSE 2013-04-24 14:00:00
To add some value to the asset to justify my admin fee I am going to offer 1:1 trades between S.DICE and GSDPT.
If you no longer want to hole you share of GSDPT then you can simply trade it for S.DICE share, I will also be providing buy backs as best as I can (this really depends on the liqudity of the S.DICE bonds and the price on MPex for the bonds). If I can sell of S.DICE on MPex then I will offer to trade 1 GSDPT for the amount 1 share of S.DICE would sell on MPex. For all trades and conversion between exchanges and share I as the manager absorb all the trade/transfer fees.
//DeaDTerra
If you no longer want to hole you share of GSDPT then you can simply trade it for S.DICE share, I will also be providing buy backs as best as I can (this really depends on the liqudity of the S.DICE bonds and the price on MPex for the bonds). If I can sell of S.DICE on MPex then I will offer to trade 1 GSDPT for the amount 1 share of S.DICE would sell on MPex. For all trades and conversion between exchanges and share I as the manager absorb all the trade/transfer fees.
//DeaDTerra
anyway you could create a another asset for short and somehow link the shorters to the longers, thus not necessarily be a passthrough and do your own market when there is a balanced orderbook.
Does this make any sense at all?
It makes sense though for me it feels like a bit to much trouble, but if someone wants to lend my shares to short then I am fine with that Does this make any sense at all?
//DeaDTerra
anyway you could create a another asset for short and somehow link the shorters to the longers, thus not necessarily be a passthrough and do your own market when there is a balanced orderbook.
Does this make any sense at all?
Does this make any sense at all?
Jump to: