so when is this going to move forward? it's been > a month and all i have to show for it is 0.00000201 * 2 and from what i understand you are not even going to be paying the full amount only 1/3rd or something? because you claim our agreement was with third parties who decided not to pay up. am i understanding this correctly?
@Camolist,
After we received the final list from nefario with accounts but no BTC addresses we made two attempts to contact these account holders. Some came forward and others did not. As mentioned in the thread there are less than 100 shares unclaimed (not too bad). This was the last step before moving forward.
In the interim, I was speaking with another GLBSE asset issuer who explained he was having numerous problems with the data provided by GLBSE (namely the BTC address provided was not correct). This created some concern as I mention above - not wanting to send payments to the wrong address and someone coming back to us in 6 months claiming to never received payment. Many people have sent a PM or e-mail acknowledging receipt of the test payments and those are probably the account holders who get paid first.
Having it mandatory to acknowledge receipt of the test payments was not in the original plan but I am starting to lean that way.With respect to hashking and Patrick Harnett, most of that was discussed previously and you are essentially correct. YABMC was started by me at 5 Gh/s. A partnership was then formed (as noted above and announced in the forums) with hashking and Patrick Harnett to expand to 150 Gh/s. The incremental 145 Gh/s were split in a 45/50/50 manner (the 45 for me as I already had a 5 Gh/s debt). I would never have expanded YABMC to these levels (>50 Gh/s) myself -- I did not have the hashing power to cover it.
So with hashking and Patrick Harnett both unable to pay past debts let alone contribute going forward the bondholders I am the "last man standing". The percentage bondholder's will receive is more than 1/3 as HK and PH bought shares on GLBSE. Those shares have been surrendered back to lower the exposure to 33.382 Gh/s. I will continue to pay my portion of 20.131 Gh/s which is ~
60.3% of the debt.