Topic: closed (Read 14906 times)
Well! Look what we have here!
Seems like everything on glbse is in the pink market
Will be interesting to see which companies make it to which market.
Well! Look what we have here!
Why not sell this security privately until such time as the GLBSE pink sheet market is ready to roll - in my experience GLBSE doesn't move too fast on upgrades. There are several we've been waiting for several months to see (and have yet to see them) You could be waiting months to issue this security.
Further, I'd like to be able to trade this 100% OTC with no GLBSE involved if that's possible. I'd prefer to have my shares registered [directly with you, rather than anonymously in the exchange.
Further, I'd like to be able to trade this 100% OTC with no GLBSE involved if that's possible. I'd prefer to have my shares registered [directly with you, rather than anonymously in the exchange.
The motion was passed unanimously!
However, Nefario said no, he will not allow a new pass through of this type "on GLBSE".
--BUT--
he also said that there is a new "GLBSE Pink Sheets" system coming (in a week? a month?) and that it will be allowed then.
I'll ask him again soon and we'll see what we can do. The key here is that the contract must be changed; until then, no dividends will be paid.
For the curious, the OBSI.HRPT shares are already in YARR and waiting to go. So as soon as Nefario gives the okay (when GLBSE Pink Sheets are out) we can start paying divs again.
However, Nefario said no, he will not allow a new pass through of this type "on GLBSE".
--BUT--
he also said that there is a new "GLBSE Pink Sheets" system coming (in a week? a month?) and that it will be allowed then.
I'll ask him again soon and we'll see what we can do. The key here is that the contract must be changed; until then, no dividends will be paid.
For the curious, the OBSI.HRPT shares are already in YARR and waiting to go. So as soon as Nefario gives the okay (when GLBSE Pink Sheets are out) we can start paying divs again.
I assume there will be a limit on the amount of funds a pink sheet security will be allowed to raise.
I'm excited 
Thanks for doing all the buybacks, I think you've held up your end nicely. Still waiting on some other funds...
Thanks for doing all the buybacks, I think you've held up your end nicely. Still waiting on some other funds...
Since the OBSI funds are already setup I'd like to know if will we get any reward for holding while we wait for it to formalize-
YES!
YOUR DREAMS HAVE COME TRUE!
YARR is BACK, baby!
Thank you for this post. I have some questions:YOUR DREAMS HAVE COME TRUE!
YARR is BACK, baby!
1) On days that OBSI.HRPT pays 0.5%, how much does YARR pay?
1a) How about if OBSI.HRPT pays 0% on a day, then how much does YARR pay?
2) On Sundays, if OBSI.HRPT makes a payment, do you?
3) Am I correct that you will sell 'new' YARR shares for 1 BTC which has insurance for the face value of 1BTC? This seems like an unreasonably good deal.
Thank you
EDIT: The GLBSE motion clarifies this to some extent:
Quote from: YARR@GLBSE https://glbse.com/vote/view/115
YARR motions to switch to OBSI.HRPT and continue operations at 0.01 per day (or as OBSI.HRPT sees fit to pay). Essentially this is a motion to change one line (only) of our contract from: C-5. If Pirate or any pirate-backed issue we invest in defaults or changes their terms we reserve the right to change our interest rate proportionally. to: C-5. If OBSI.HRPT defaults or changes their terms we reserve the right to change our interest rate proportionally. So there you have it. YARR, risen from the dead. Let's go! Management suggests you vote yes.
So... what does it take to have a VIP subscription? I'm sure plenty of us had shares we sold for 1, or less.
P.S. I think you've handled all of this brilliantly, thanks for buying back all that you did. Still waiting on other insurers to payout.
P.S. I think you've handled all of this brilliantly, thanks for buying back all that you did. Still waiting on other insurers to payout.
Oh wait, I think I've misread something. Have all Yarr shares been bought back with a forced buyback (@1.0 each)? If so, please disregard my previous post
I still hold all mine shares. If you sold yours, that's late now
Ah damnit.
Usagi, is it possible for me to get my 8 shares back for 1.0 each?I put them all up for sale at 1.0 each, because you told us to do so, because you were winding down business,
but that was before you told us your new plans you have with Yarr. I already paid my insurance premium by
buying Yarr at 1.40ish each, and I'd hate having to pay yet another premium to get my shares back, which I previously thought
were going to be worthless in the not-so-distant future anyways.
Thank you very much in advance
You had a VIP YARR subscription, so I don't see the problem with that. Please send 8 bitcoins to your subscription address and I will send Mushoz 8 shares of YARR
Ah, that sounds very very good
Thanks for the offer! Does that also mean I can send more BTC if I would like more shares? Can't say I would mind having a chance to pick up some more, although I understand if it's only for those 8 shares.
Thank you very much again! Pleasure doing business
Oh wait, I think I've misread something. Have all Yarr shares been bought back with a forced buyback (@1.0 each)? If so, please disregard my previous post
I still hold all mine shares. If you sold yours, that's late now
Ah damnit.
Usagi, is it possible for me to get my 8 shares back for 1.0 each?I put them all up for sale at 1.0 each, because you told us to do so, because you were winding down business,
but that was before you told us your new plans you have with Yarr. I already paid my insurance premium by
buying Yarr at 1.40ish each, and I'd hate having to pay yet another premium to get my shares back, which I previously thought
were going to be worthless in the not-so-distant future anyways.
Thank you very much in advance
You've handled the whole debacle of owning a stake in pirate stocks very well.
I look forward to the next venture.
I look forward to the next venture.
Oh wait, I think I've misread something. Have all Yarr shares been bought back with a forced buyback (@1.0 each)? If so, please disregard my previous post
I still hold all mine shares. If you sold yours, that's late now
Quote from: https://glbse.com/asset/view/YARR
C-3. We will fill any ask placed at 1 bitcoin or less within a reasonable time frame.
A tip for the future. "reasonable time frame" are weasel word and have no place in a contract.
As the thread shows it means one thing to the issuer and completely different thing for the investor. The entire item could be removed from the contract without it changing the terms of the contract.
Something like would be explicit and there would be guessing on the maximum amount of time necessary to buy back shares.
Quote
C-3. We will fill any ask placed at 1 bitcoin or less within 14 days.
Great advice!
Quote from: https://glbse.com/asset/view/YARR
C-3. We will fill any ask placed at 1 bitcoin or less within a reasonable time frame.
A tip for the future. "reasonable time frame" are weasel word and have no place in a contract.
As the thread shows it means one thing to the issuer and completely different thing for the investor. The entire item could be removed from the contract without it changing the terms of the contract.
Something like would be explicit and there would be guessing on the maximum amount of time necessary to buy back shares.
Quote
C-3. We will fill any ask placed at 1 bitcoin or less within 14 days.
Argh! I want in on the new deal, but I had all my shares standing as a sell order @ 1.0. Now they are gone
I would have kept them if I knew Yarr was going to continue...
Is there any way I can get my shares back at 1.0? :p It was only 8 shares, but still, love the way where this is heading
I would have kept them if I knew Yarr was going to continue...
Is there any way I can get my shares back at 1.0? :p It was only 8 shares, but still, love the way where this is heading
If the shareholder vote passes, then I will wait until Nefario and/or CHM can approve the new contract, and then we will immediately begin operating under the new deal.
Sorry, I think my post wasn't as clear as it could have been. What I mean is:
If I knew Yarr was going to continue, I would have kept my shares instead of selling them for 1.0 each, because I would like to be part of the new deal, but now I'll have to rebuy my Yarr shares for more than 1.0 probably
Or was there a forced buyback? Because I'm not seeing any ask orders currently.
Thanks
Oh wait, I think I've misread something. Have all Yarr shares been bought back with a forced buyback (@1.0 each)? If so, please disregard my previous post
Quote
AS SOON as shares are paid back, likely middle of next week-ish
Does this mean you know something pirate related that we don't?
Hope so
Argh! I want in on the new deal, but I had all my shares standing as a sell order @ 1.0. Now they are gone
I would have kept them if I knew Yarr was going to continue...
Is there any way I can get my shares back at 1.0? :p It was only 8 shares, but still, love the way where this is heading
I would have kept them if I knew Yarr was going to continue...
Is there any way I can get my shares back at 1.0? :p It was only 8 shares, but still, love the way where this is heading
YES!
YOUR DREAMS HAVE COME TRUE!
YARR is BACK, baby!
Back and paying fat divvies each week, yo ho ho and a bottle of RUM!
How it works is simple; AS SOON as shares are paid back, likely middle of next week-ish, I will load YARR with OBSI.HRPT to match currently outstanding dividends, and begin selling shares of YARR at 1 BTC again. Each share of YARR will be worth 10 OBSI.HRPT shares.
Then.... and then... my dear friends... the madness will continue.
My intention is to buy back all the shares which are listed at "1". However, now, my dear crewmembers, you have an exciting option:
PULL your shares OFF the market! And partake in the second sailing of the Pirate Ship REVENGE! Sailing the high seas of completely safe, 100% insured investments!
As soon as there are no more shares for sale at 1, I will be speaking with Nefario and CHM about the changeover from Pirate to OBSI.HRPT.
The contract will change. My obligation to you will not change.
This guarantees you guys will get your shares back at 1 sooner, or, for a higher price, sooner!
Please vote on the motion here: https://glbse.com/vote/view/115
To quote pirate: "You have 48 hours."
Thank you and good luck.
YOUR DREAMS HAVE COME TRUE!
YARR is BACK, baby!
Back and paying fat divvies each week, yo ho ho and a bottle of RUM!
How it works is simple; AS SOON as shares are paid back, likely middle of next week-ish, I will load YARR with OBSI.HRPT to match currently outstanding dividends, and begin selling shares of YARR at 1 BTC again. Each share of YARR will be worth 10 OBSI.HRPT shares.
Then.... and then... my dear friends... the madness will continue.
My intention is to buy back all the shares which are listed at "1". However, now, my dear crewmembers, you have an exciting option:
PULL your shares OFF the market! And partake in the second sailing of the Pirate Ship REVENGE! Sailing the high seas of completely safe, 100% insured investments!
As soon as there are no more shares for sale at 1, I will be speaking with Nefario and CHM about the changeover from Pirate to OBSI.HRPT.
The contract will change. My obligation to you will not change.
This guarantees you guys will get your shares back at 1 sooner, or, for a higher price, sooner!
Please vote on the motion here: https://glbse.com/vote/view/115
To quote pirate: "You have 48 hours."
Thank you and good luck.
So if OBSI.HRPT defaults you pay out 1btc on each share ?
How do you cover the "insurance premium" ?
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