Transferring shares to the ASICMINER-PT on btct.co
Quote from: burnside
The process is:
1) Let me know you'd like to be transferring shares into the passthru.
2) Send friedcat an email (if you have shares, you know his email address) and cc me (burnside \\\ kattare.com) with roughly the following content: (fill in XX, YY, and ZZ!)
1) Let me know you'd like to be transferring shares into the passthru.
2) Send friedcat an email (if you have shares, you know his email address) and cc me (burnside \\\ kattare.com) with roughly the following content: (fill in XX, YY, and ZZ!)
Quote
Please, transfer XX of my shares to burnside to be traded on his ASICMINER-PT.
My bitcoin address on file with ASICMINER is: ZZ
burnside's bitcoin address on file with ASICMINER is: 1DXyYV4oxehn828ZnRSvuziArPoJLQq7SM
When the shares have been transferred please send a confirmation to (burnside \\\ kattare.com).
(burnside, my BTCT.CO account login is: YY.)
3) Once I receive confirmation from Friedcat I will credit your shares on the exchange by transferring shares from the ASICMINER-PT to your BTCT-CO account.My bitcoin address on file with ASICMINER is: ZZ
burnside's bitcoin address on file with ASICMINER is: 1DXyYV4oxehn828ZnRSvuziArPoJLQq7SM
When the shares have been transferred please send a confirmation to (burnside \\\ kattare.com).
(burnside, my BTCT.CO account login is: YY.)
Transferring shares out of the ASICMINER-PT on btct.co
Quote from: burnside
The process is:
1) Send your ASICMINER-PT shares on the exchange to "BurnsideAsicminer".
2) Send me an email or PM containing your preferred ASICMINER BTC address and email address, along with a confirmation of the number of shares you are moving.
3) I will then compose a message to Friedcat requesting the transfer.
1) Send your ASICMINER-PT shares on the exchange to "BurnsideAsicminer".
2) Send me an email or PM containing your preferred ASICMINER BTC address and email address, along with a confirmation of the number of shares you are moving.
3) I will then compose a message to Friedcat requesting the transfer.
ASICMINER-PT - issued by burnside
burnside is currently a 90% stakeholder of BTC Trading Corp.
burnside also operates LTC-MINING on BTC-TC and LTC-MINING.LTC on LTC-GLOBAL
burnside built this exchange so that LTC-MINING would be able to continue operation when GLBSE failed. Such is his commitment to his shareholders.
burnside can be contacted via PM on bitcointalk.org or forum.litecoin.net
This asset is a pass-through for ASICMINER, the ASIC MINING company.
Terms
For each ASICMINER-PT, one ASICMINER will be held on file with Friedcat until such time as ASICMINER is listed on a public exchange.
Once ASICMINER is listed on a public exchange, one ASICMINER will be held on such exchange for each ASICMINER-PT.
As long as burnside owns 51% or more of BTC Trading Corp there will be no management fee.
If burnside's ownership of BTC Trading Corp drops below 51%, A management fee of 0.5% will be levied on each dividend payment.
Payment of dividends is to be made within 2 weeks of their issuance from ASICMINER.
Dividend payments made more than 72 hours after their issuance from ASICMINER will be paid 100% of the original ASICMINER dividend.
Each share has no voting rights.
More pass-through shares can be issued, provided there is sufficient backing. For example, if there is sufficient demand, the issuer may attempt to contractually secure more call options for ASICMINER purchases.
Transfer
Transfers in and out of the passthru are supported. Such transfers can take some time, due to the manual nature.
One transfer OUT OF ASICMINER-PT will be processed free once per month per account. Subsequent transfers within the same month OUT OF ASICMINER-PT are subject to a fee of 0.25 BTC for transfers of 49 shares or less.
Transfers OUT OF ASICMINER-PT are always free for any transfer of 50 shares or more.
Transfers IN TO ASICMINER-PT from elsewhere are free for any size transfer.
Asset Termination
Should the issuer of ASICMINER terminate the asset, any funds received through this asset termination will be distributed in full without any fee taken.
During the IPO process should we become unable to secure ASICMINER shares to back ASICMINER-PT the asset will be terminated and all ASICMINER-PT shares will be bought back at the IPO price.
The issuer reserves the right to close down the asset with a 30 day warning. Should this right be exercised, every reasonable attempt will be made to transfer the assets into the direct control of the ASICMINER-PT shareholders using the methods described in the Transfer section above. (but with no fee) Any shareholders the issuer is unable to contact or unable to transfer the shares for within a 90 day window will receive a forced buyout at market prices at the end of 90 days following the closure.
Should the issuer of ASICMINER choose to list ASICMINER on the BTC-TC exchange this asset will be terminated and the ASICMINER-PT shares will be automatically redeemed on the exchange for ASICMINER shares.
Exclusion of Guarantees
This pass-through makes no further guarantee shall any issues arise with ASICMINER's issuer. Should ASICMINER issuers requires any fees/process to claim shares arising from any issue/event, fees will be paid in full in the name of the pass-through holders from future dividends.
What happens if burnside gets hit by a bus? (Quoted from https://btct.co/faq)
Arrangements have been made with trusted people for emptying the cold wallet into the hot wallet so everyone can withdraw their coins.
Here is how to trigger their involvement:
Email manpaz \\\ gmail.com and/or ssamee \\\ yahoo.com, point them at this page, ask them if I am dead.
Once verified I am dead or incapacitated, they will need to open "when_i_die.txt" on my backup drives...
Log into my desktop. (They can hack their way in.)
Plug in the /srv volume. (They'll know what this means.)
Open up "when_i_die.txt", follow the instructions... roughly:
Spin up litecoind and bitcoind.
Send all of the litecoins in the ltcexchange wallet to the exchange hot wallet. (litecoind listaccounts to get [balance], then litecoind sendfrom [account] [address] [balance])
Send all of the bitcoins in the ltcexchange wallet to the exchange hot wallet. (bitcoind listaccounts to get [balance], then bitcoind sendfrom [account] [address] [balance])
For ASICMINER-PT: Spin up my mail client. Locate the most recent email titled "BTC-TC Shareholder Report for: ASICMINER-PT". Forward it to friedcat, let him know I am gone.
Once this is complete, everyone will be able to withdraw their coins from the exchanges.
Eventually the sites will get shutdown due to non-payment, but the guys at [email protected] will be able to assist if there are any crashes that prevent withdrawals.
I hate to say it, but the LTC-MINING and LTC-MINING.LTC bond holders will be mostly out of luck. Thankfully the damage there will be minimal.
The asset issuers already have all the data they need to move to another exchange.