Topic: [BitFunder] Limited Launch Offer to Orphaned GLBSE Assets & Shareholders (Read 3150 times)

To my understanding there are still some unclaimed shares.

I will talk with DT about this as soon as he is available and we will get this resolved asap.

Question is still open.

S.Dice

I will do what I can, which asset?

Could you please update when and how much of the 10BTC was credited to the respective account per share? I can see only regular dividend payments on my account statement...

List updated. DMC is now trading, and 10BTC has been deposited into the asset account.
Good luck guys

Sounds like a plan. You are all setup.

I'd like to post a quasi-listing (no contract -- they'll need to see a forum post for updates on value of "hard debt" because payments will be irregular) for BDK.BND to allow users to trade the debt if they so choose.

BDK.BND represents a total of ~1.7kBTC worth of debt, with 61 unique holders. I will not be moving BDK since that'll be settled privately on January 28th. The list Nefario sent to me is 100% complete, and all but a couple people have given me a BTC address for where there wasn't one on Nef's list.

Small-amount unit-holders will be paid off prior to listing on BitFunder (January 28th), if accepted, and will bring the number of unique users down to something like 35. If it wouldn't be a giant pain in the ass, it'd be nice if users who don't want to register on BitFunder for whatever reason to still have a kind of "quasi-account," where their "dividends" are just automatically forwarded to their address.

I do require the 10BTC to move forward with this, though, since I'm quietly desperate to collect any possible funds ASAP for repayment.

The listing on BitFunder would technically be perpetual, with a regular payment schedule occurring after "hard debt" is paid off. These "bonus" payments will be a gratuity for unit-holders letting me get off without even a slap on the wrists. I don't think any unit-holders ever really complained at all between the time I initially announced default and now.... not sure if I'm supposed to feel humbled, ignored, or just glad. Nobody even leveled a charge of gross incompetency when I had an account compromised on GLBSE, much less a scam accusation.

He's not launching a business, he's transferring an existing one.

At the time at which this happened he'd told investors there'd be a vote to decide whether to continue or close-down.  It's interesting that he claims to have been putting up sell orders before any of his investors had been given their shares - can only hope those were personal shares that he was trying to sell without any competition to underbid him and not new shares in a company that was subject to a proposed vote to close down and which has no accuration valuation.

No private battle here on the back of your customers, you all will loose your rep just before your business has been launched.

@usagi

So Oliver, please simply recall your messages, and make the necessary agreement with ONE of the platforms Bitfunder, btct.co, or CryptoXChange. Take your time, thank you.

Hi kneim, and to everyone else concerned,

As you can see from my prior offering/deal with Oliver(Usagi), I wanted to be able to help out all of the shareholders have a way to collect
rather than having the community suffer because he does not want to do it himself by hand.


I had an email from btct.co saying that he had listed his asset there. When I looked, it was a filled out asset that was launching.
With no further contact from Oliver, and the fact that there was no description updates, no claims uploaded, nothing was there, I marked the asset as disabled.
Nothing that could not be undone in a moments notice and put exactly to how it was. He has made is very clear in at least one post, he wanted to be on
an exchange because of all the trouble to pay people by hand. Wanting the extra trouble to list on multiple exchanges without any sort of claiming plan seemed very far fetched based on this.


Obviously, this would have been a "bad thing" regardless.

A. The asset could only be seen by Oliver, which I made him aware of that.
B. There were no claims in the system for anyone to claim. (They would not have been able to anyways since the asset was still private, as I told Oliver.)
C. There were no plans made or mentioned, for cross-site claiming.

If he did in-fact send out any such emails, then it would have left a lot of people highly confused and/or mad.
Sending out such emails after publicly listing on another exchange could cause further problems.
If he did not, then it is just extra drama that is not needed.

While I was willing to easily say 'Oh, alright' and go along with whatever plans, and re-enabled the asset if there was some misunderstanding then I would have.
Before there was even a chance to talk about it, he begun kicking up drama.

I did not have the immediately available time to spend on drama. Many people here can vouch that I take care of things that need taking care of when they need taking care of, and generally do it in a very quick and orderly fashion. From my point of view, after having the asset ready for use for two days, and not using it at all, he had decided to launch on BTCT, set everything up, and launched. I simply disabled the asset to keep it from being abused / double listed and avoid any potential accidents from it. Instead of messaging me saying 'hey, X disappeared from my screen.' he went out of his way to create public drama over it.
Before there was even a chance for me to respond to him saying he wanted to dual-list on exchanges, he started making it sound as if he had done everything
with the BitFunder asset, and had already launched, and told users where to claim their stuff, and made it sound as if I was some big bad guy who came along
and pulled the rug out from underneath him. Esp. being xmas and short on time, I will not stand for people who insist on involving me with their drama. He had
pressed the wrong buttons at the wrong time, and could take his drama elsewhere. He did not have a live asset, he did not even really have an asset on BitFunder
at all except for a tag that was privately listed on a page only he could see, and he had already announced he was launching on BTCT. So I decided to let things be at that.

@Ukyo

I have some shares with BMF, and others have also. I'm sure you want to help us, isn't it?

Thank you Burnside, I have been spending the day with my Family today.

No, please don't.  PM me.  I'll give you my number if you'd like to chat.

Making a post in your other thread regarding a possible solution.

Cheers.

I am sorry to say that the decision has been made to not be involved with your assets, regardless of recent events.
I wish you the best of luck elsewhere.

err, the asset was never even enabled, had any claims uploaded to it, or even had a description or any detailed written on it.
You had posted that you were listing on btct.

Hi Oliver,

I see you have chosen to move forward with btct.
I wish you the best of luck.

-Ukyo

Hi Oliver,

I will be quite honest, the intentions of the offer are geared towards assets that plan to keep trading.
An asset that will just liquidate would just be taking advantage of the offer. I do see a problem with you knowing what the shareholders want to do though.

Let me propose this.. If you re-list, and the shareholders agree to continue trading then the asset will receive a bonus dividend from BF.
This will be an extra, and special slot for this case.

How does that sound?

I am waiting to confirm with DeaDTerra. With the holidays, and new shareholder data coming in, I think it would be fair to wait at least a few more days.
We still have people claiming every day. Slowly trickling in.

The bonus will be paid out by dividing 10(BTC) by the total number of shares claimed on BF.

JAH takes slot #3

how is the bonus calculated. by total amount of GLBSE share or the amount of shares claimed on Bitfunder? when will the bonus get payed out?

Hey guys,

Still giving other shareholder's of GSDPT a chance to claim their shares where they want.
With the holidays, end of school semesters, etc. everyone's running around.

The claim data for those who choose BitFunder is being preserved so that they will
be the ones to get the payout.

-Ukyo

GSDPT will be taking a slot
//DeaDTerra

Sounds like a plan.

One of the great things about BitFunder's claim system, is that you do not have to know who controls those remaining 320 shares.
You can simply upload the claims file for what you have, and note that XXX shares have still not been claimed, and therefore not issued on BitFunder yet.

At any time down the line, you can add more claims and/or upload more YAML data. When a claim is setup, it is the same as issuing a share.
If you were to do dividends and to track them for the unknown shares, you could create a single extra holdings claim that is set 'On Hold' for claiming. It will
spool up any paid dividends like the rest of the claims to make accounting easy. It does not sound like this will be an issue though since you are not paying dividends.

I'm going to mention the 10btc in the DMC thread to see if I can get the last 320 shares to finally claim with GLBSE

As soon as you are ready to get started, msg me. I will get things setup for you.

Hehe, the slots are supposed to be for additional assets to come to BitFunder. I will talk this over with you later and see what we can do though.

I already listed ABM on BitFunder and I am very happy that Investors are able to recieve dividends and trade their shares again after the GLBSE episode.

But here I am to take slot#2 


Greetz

Yes. Might take a year or more.

My understanding is that the plan is to allow users to continue to trade DMC and that you will be buying the shares back over time.
Is this correct?

DMC takes slot #1. There are now 4 left

To thank BitFunder users for their continued support and efforts, I would like to make the following offer to current orphaned GLBSE asset's and shareholders seeking a new home:

Any orphaned GLBSE asset that applies on this thread (and BitFunder approves of the asset) to join BitFunder (free of charge, and as a permanent solution unless otherwise agreed upon), will get an initial dividend payment at time of listing (before any shares can be traded) distributed equally by share count to all shareholders paid out of pocket by myself.

Any asset with up to 25 shareholders will receive 5BTC.
Assets with more than 25 shareholders will receive 10BTC.

There are only 1 slot remaining.  

Slot 1: DMC (10 BTC) - Now trading (10BTC deposited to asset account for div payout)
Slot 2: GSDPT (10 BTC) - Now Trading (10BTC pending payout for final shareholder claims)
Slot 3: JAH (10 BTC) - Now Trading
Slot 4: BDK.BND (10 BTC)
Slot 5:

A key feature on BitFunder is public shareholder listing. Upon signup, a user provides a bitcoin address that will be listed on the public asset page showing how many shares of each asset they hold. The user may choose to use an 'in-use' address, or may generate an new one that if researched would have no history.
If a user needs to show ownership of the address, they can either make a micro-transaction of a requested amount, or they can 'sign' some message.

Being that the list is public, it also opens features to issuers to be able to check the list, and give out free or discounted services, "security access", or other things to live verifiable current shareholders.
(A VPS company might give shareholders with more than 500 shares credits or a free mini-VPS so long as they hold the shares.)

Even though we only have 2 assets, and now 2 more joining, we have already had more than 150 signups in the last week alone.

If you are interested in grabbing a slot, please post in the thread with your asset, a quick summary of what it is and about, and plans for the future of the asset.
(I probably already know who you are, it just makes things nice.) If the issuer has been MIA, or the asset looks to be poorly managed, it may be denied.