[BitFunder] GPT.ESecBTC - ESECURITYSABTC Pass-through

supermono

full member

Activity: 194

Merit: 100

Quote from: digit on December 09, 2013, 03:03:34 AM

Quote from: supermono on December 09, 2013, 01:42:49 AM

Graet, I'm still waiting for news on what is going to be done with GPT.ESecBTC and GPT.YABMC in terms of either migration or liquidation. I don't care which you do, but these two assets need to either be migrated to another exchange or officially wrapped up and disposed of with investors receiving their appropriate share of the liquidation proceeds. Simply disappearing a la CreativeX is not cool...

+1

Please stop ignoring us Graet. Your EsecBTC shares can be easily transferred if they haven't been already to Crypto-Trade Securities now, or you could transfer to each shareholder into their CT account the number of shares that each GPT.ESecBTC represents and be done with it. I'm sure if you contacted Crypto-Trade this could be done easily. Another dividend is already about to be paid out, and we have already missed months of pass-through dividends from you.

Is there an update on the status of EsecBTC, or is it still in limbo?

digit

legendary

Activity: 1672

Merit: 1014

Quote from: supermono on December 09, 2013, 01:42:49 AM

Graet, I'm still waiting for news on what is going to be done with GPT.ESecBTC and GPT.YABMC in terms of either migration or liquidation. I don't care which you do, but these two assets need to either be migrated to another exchange or officially wrapped up and disposed of with investors receiving their appropriate share of the liquidation proceeds. Simply disappearing a la CreativeX is not cool...

+1

Please stop ignoring us Graet. Your EsecBTC shares can be easily transferred if they haven't been already to Crypto-Trade Securities now, or you could transfer to each shareholder into their CT account the number of shares that each GPT.ESecBTC represents and be done with it. I'm sure if you contacted Crypto-Trade this could be done easily. Another dividend is already about to be paid out, and we have already missed months of pass-through dividends from you.

supermono

full member

Activity: 194

Merit: 100

Graet, I'm still waiting for news on what is going to be done with GPT.ESecBTC and GPT.YABMC in terms of either migration or liquidation. I don't care which you do, but these two assets need to either be migrated to another exchange or officially wrapped up and disposed of with investors receiving their appropriate share of the liquidation proceeds. Simply disappearing a la CreativeX is not cool...

supermono

full member

Activity: 194

Merit: 100

Graet, please let investors know your plan for the GPT.ESecBTC and GPT.YABMC assets. As you know, Ukyo has given US investors and nonverified investors until October 31 to sell their shares. Investors need, and deserve, to know what you will be doing with this asset so that, if necessary, they can sell their shares while they still can. Your silence on this basic question is causing you to lose credibility among investors. Who is going to want to invest in an asset that you manage in the future if you don't even answer a basic question like this?

supermono

full member

Activity: 194

Merit: 100

Does anyone know anything about the plans for the future of this asset? Will it be remaining on BitFunder, migrating, or shutting down? Thanks!

Ukyo

sr. member

Activity: 448

Merit: 250

I spoke to Graet about this the other day,

He is currently deciding what to do on those shares since BTC went on the rise dropping the value of the shares which are tied to USD.
No one wants to take a loss. Wink

That's part of the gamble with a PT. As it stands, he said he will just earn divs off of it unless the price goes back up.
There was another idea being debated that could help solve the problem as well, but that one takes time if implemented.

But with all this, he fully trusts Neotrix who has a great record, and to continue payouts, as do I.
I think Neotrix was kind enough to even do these assets and try to bring some realism to the world instead of just more mining assets.

Deprived

hero member

Activity: 532

Merit: 500

Quote from: molecular on February 05, 2013, 02:43:08 PM

Quote from: Deprived on January 19, 2013, 02:48:13 PM

You do realise he's stopped selling them?

Who stopped selling what where?

Why doesn't the passthrough on bitfunder pay dividends both according to the description and also factually?

The underlying asset (on BTC.CO) stopped selling new shares about a week before this pass-through started. He still pays dividends etc. Dividends used to be paid weekly but are now paid monthly (contract allows either) on the BTC.CO one - got no idea what happens on the pass-through. I took a look at the pass-through, saw it was trying to charge 25% more than the BTC.CO one and havent looked at it again since.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Deprived on January 19, 2013, 02:48:13 PM

You do realise he's stopped selling them?

Who stopped selling what where?

Why doesn't the passthrough on bitfunder pay dividends both according to the description and also factually?

Deprived

hero member

Activity: 532

Merit: 500

You do realise he's stopped selling them?

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

I support this. I think it's awesome that people have more options now.

Cheers.

btcash

hero member

Activity: 968

Merit: 515

Quote from: Ukyo on January 19, 2013, 11:05:32 AM

Quote from: btcash on January 19, 2013, 10:46:21 AM

That is ridiculous. I understand pass-throughs for mpex but for an asset on a cheaper platform?

Quote

Why am I doing this? I have seen a lot of people who prefer to use BitFunder over btct's site.

The 10 Bitcoin BF offered for ex glbse assets are probably the main reason.

What is next? PT for BTC-TRADING-PT?

Lol, no. the 10BTC bounty is only for former GBLSE assets.

I meant why people prefer BitFunder. Not why he launched this asset.

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: btcash on January 19, 2013, 10:46:21 AM

That is ridiculous. I understand pass-throughs for mpex but for an asset on a cheaper platform?

Quote

Why am I doing this? I have seen a lot of people who prefer to use BitFunder over btct's site.

The 10 Bitcoin BF offered for ex glbse assets are probably the main reason.

What is next? PT for BTC-TRADING-PT?

Lol, no. the 10BTC bounty is only for former GBLSE assets.

btcash

hero member

Activity: 968

Merit: 515

That is ridiculous. I understand pass-throughs for mpex but for an asset on a cheaper platform?

Quote

Why am I doing this? I have seen a lot of people who prefer to use BitFunder over btct's site.

The 10 Bitcoin BF offered for ex glbse assets are probably the main reason.

What is next? PT for BTC-TRADING-PT?

Graet

vip

Activity: 980

Merit: 1001

Hello everyone,

I have decided to get in on the fun and setup a pass-through.

I am only making a small amount off of posting the share on BitFunder.
There is no fee on dividend pass-through.

Why am I doing this? I have seen a lot of people who prefer to use BitFunder over btct's site.
In fact, from what I have seen it is pretty evenly split. I may even do another PT depending on interest and requests.

https://bitfunder.com/asset/GPT.ESecBTC

Quote

This is a pass-through of the ESECURITYSABTC bond from btct.
There are no additional pass-through fees on this asset.
When dividends are issued on the origin asset, they will be passed through exactly.
If you hold shares of the origin asset and would like to transfer them under this asset please contact me on the forums for now.
Should any voting be done at the origin, a matching vote will be made available here ending an hour prior and we will vote as a group.

Best wishes
Graet

Topic: [BitFunder] GPT.ESecBTC - ESECURITYSABTC Pass-through (Read 1249 times)