Topic: [BitFunder] Ziggap Bitcoin Sales Service - page 12. (Read 24693 times)

So someone else started Ziggap and has now sold it - and you (new owners) didn't take on the loan?
How do we know you won't sell it again - and this time the next owners won't take on paying dividends to the shares?

Once a company has skipped on its commitments once it's hard to have confidence it won't do it again - especially when there's no record anywhere I can see of a change of ownership (i.e. for all we know the 'new' owners could be same as the 'old' ones - and the change of ownership just an excuse to default on the loan).  This really should have been explained in your OP - rather than dragged into the light by someone else later.

The initial owner of ZIGGAP did take out that loan to start the company, however that loan was taken out by HIM and not by the company. The funds from this IPO are for the company, and not for him. Ergo the funds from this IPO are not going to be used to pay the loan.

We have a mailing address in Miami. Our primary business location is located in Huntsville, Alabama.

Obviously.

And they shouldnt be paying ANY dividends while still owing their original creditors.

Now you know where your invested coins are going to...... BTCJam.
Don't be surprised if the OP vanishes with your coins.

You can check for it yourself:

https://btcjam.com/listings/584

The loan for 910BTC was started on 2012-11-13.

Links? / OP care to comment on this?

Apparently they are a registered MSB.
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

Why are your offices in Miami?

ZIGGAP still owes people on BTCJAM over 900 bitcoins.

Oops, typo on my part. Although now that you mention it you can see some people on BitFunder in the trade history becoming confused between 0.00005 and 0.0004. The first batch was 000005 and it looks like people were trading 0004 thinking they are getting a deal  

Thanks to a new payment processing partnership ZIGGAP is now offering cash deposits at Bank of America. This new payment method is more convenient, less expensive, and quicker.

Stay tuned for more news in the coming days and weeks about as of yet unannounced payment methods, products, and services.

You're going to love what we have in store.

And as usual please don't hesitate to let us know if you have any further questions or comments. We're here to help 7 days a week.

It's 0.0001, not 0.001. The people paying 0.0029 right now are failing mafs.

I have my bid in at 0.0001 and I'm pretty confident it will be filled tomorrow. In fact I have some bids in at 0.00009 and 0.00008 as I'm pretty sure a lot of panicked investors will dump their shares when they realize what a horrible decision they made to buy in at 0.003.

ITS NOT WORTH THAT MUCH PEOPLE... eesh.

The psychology of the bid wall on BitFunder is interesting to watch. I know that seems like a kind of obvious and uninteresting statement to make, but the volume on many assets on BF is often so small as to make the bid/ask mechanic a little "limp". With such a high volume of trades for Ziggap, combined with this information about the 0.001 offer on Wednesday, it makes the bid mechanic a little more interesting. Makes me wish I had the time to write a bot

Gratz, aethero.

This is why people need to pay attention to OTC ratings. They mean something

The first 10 million sold out in 60 minutes.

The next 5 million will go live 'sometime Wednesday' depending on the available time frame. As Wednesday gets closer this time will be specified.

The 5 million will be sold at a tentative rate of 0.0001 per share, depending on market demand. This means that any higher priced orders will get filled first, on a first come first serve basis automatically by BitFunder.

Should the 5 million not get sold within 24 hours of posting, any future sales will be delayed until I have determined the market is ready.

Any further share releases have no timeline or price determined as of yet.

Judging from the trade times, 10mil shares (500btc) sold within 60 minutes almost exactly.

Seems like someone bought 8,660,569 shares within the first 90 minutes - leaving no shares for anyone else...
Can you make an announcement a couple of days before issuing the shares for the next round?

Who is ZigGap and what do we do?

ZigGap is made up of a team of dedicated Bitcoin service professionals located in the eastern United States.

The word Ziggap comes from the Korean word for wallet ( 지갑 ).

ZigGap stands on top as the most trusted method for purchasing BTC, and plans to offer the widest array of methods to buy Bitcoin.

Current payment methods include:
MoneyGram (USD)
Western Union (USD)
National Australia Bank Deposit (AUD, NZD, EUR, GBP)
International Wire Transfer (Many)

Only options available to your location based on your IP may be shown.

Operators superb OTC rating: http://bitcoin-otc.com/viewratingdetail.php?nick=aethero


ZigGap
ZigGap's profit is comprised of 50,000,000 shares in total.
1 share of ZigGap on BitFunder represents 1/50,000,000th of monthly profits after all costs.
ZigGap shares offer no voting rights. pieces of ZigGap on BitFunder do not represent real world shares of the company.

2,500,000 shares will be retained by ZigGap to maintain a growth and expansion fund. Should it be determined that the growth
fund is not needed, all amounts held by the growth shares will be equally distributed per share at the following dividend, and the
shares may be posted for sale.

As of the time of this writing, up to 35,000,000 shares will be released over time to the public on a varying time scale.
These funds will be used to secure agreements with processing companies, deposits, and other necessary needs.

Should the company be sold, the full amount of the purchase price will be evenly distributed among the 50,000,000 shares.

No salaries will be paid as an expense, and are only paid as dividend payments.

The first "Early-Bird" 10,000,000 shares have been posted for 0.00005 BTC each.
Additional shares will be sold at no less than 0.0001 BTC each.

Dividends
Dividends will be paid between the 1st and 5th of each month for the prior months profits.
A monthly statement will be provided at or around the time of Dividend payout.

First public dividend payout will be for the profits of the month of March at the beginning of April.

Forced BuyBack
No forced buyback may be enforced for shares of ZigGap.

History
Current month amounts will be periodically updated

Gross numbers for the month of March. Cumulative:

As of March 2nd, 2013:  

Volume:
$34,817
Gross profit (after Bitcoin spot cost, before other expenses, before taxes)
$1,431.28

-aethero