Topic: [closed] Buy shares NOT - page 6. (Read 49694 times)

I will be when GLBSE starts working again so I can sell the shares :/

Nope. Dishwara quit, you should be happy that he buys the shares back.

So, no dividends anymore?

Dishwara will keep mining with the rig and the BTC it yields he will buy back shares against 1BTC each or less.
In the end he will own all of his shares and the rig is his to keep (unless he isn't generating enough BTC, which
would make him to sell his rig and divide that under the shareholders and the shares will become worthless, but
this will not completely cover the investments people did).

Ok... so what is going on now?

Dishwara will stop mining with the DISHWARA rig and will mine only with his personal rig or something?

Get a newer version of the client, they changed hosts (apparently the client doesn't use DNS)

For some reason I can't seem to sell using the commandline client...

$ ./bmc.py sell 1 DISHWARA 99000000
Enter passphrase:
Server error: couldn't connect to host.


Anybody know what's up with the server?

My point is is that you will be paying 4.5 BTC extra (because the price is then still below 1 BTC/share), while not needed. 4.5 BTC is quite some money (or 4.5 share that you could buy back quicker).

Whoever put their share prices whatever they like.
I am gone beyond to worry about anyone now.
As i was hammered enough to close the company i started.

so, i WILL only buy the shares which is 1 BTC or less & those who wanted to sell for 1000btc sell, no problem to me ,
as i am never going to buy more than 1btc.

@BioMike, don't worry if some one buys your share, even they buy share, they have to sell for lower price only as i am not going to take back more than 1 btc. It will be always less than 1 btc. so if some one buys yours, then he will be the next fool, besides me.

Also, i don't have coins to give dividend, so selling at high price to me won't work.

First i have to pay the electricity bill. They usually give the reading on 20-23th, but so far no one came.
I heard they changed schedule for 1st of every 2 months. So, after they give & pay the electricity bill only, i can able to buy back shares as i have no idea how much i have to pay.

They can just convert domestic to commercial & ask 3-4 times the amount. Also they ask to pay deposit which is equal to the amount or more.

So, nothing is predictable now.

I heard 11.6 makes Windows to to mine more than 4 GPU's.

I tried with win 7 on rig & it installs, but again & again i get error that no AMD driver is installed.

If some one knows 11.6 works, if you want tell me, as it will make me to run at much higher speeds with overclocking to mine as much as coins possible.

Shareholders, here are the amounts of dividends that were paid out to use in your calculations if you go the same route as I:
1st dividend on 30 may 2011: each share got 0.02452054 bitcoins
2nd dividend on 13 june 2011: each share got 0.02644 bitcoins.

I'm all for this solution. I guess everybody should put up their shares for sale against a price that they expect to get for it (more then 1 BTC wont get them sold, but a lower price might get them sold earlier). I guess you also have some BTC in your wallet. I see 20BTC@99999999 ATM, so you might want to start buying those, or wait for my bid which will be lower.

I didn't spend my last dividends I got from you, so I'll use them to cover the loss that I get from selling my shares for a lower price. I guess that's fair for both of us (I get the initial invested value of BTC back and you'll get a lower price). We do however need to coordinate this transaction to prevent someone else from buying my shares and reselling them to you for a higher price (then you won't get the benefit of the lower price).

Also already start selling hardware that you don't use and buy bitcoins for the money you get for them.

Edit:
Dishwara, I'll put my shares up for 0.9691280 BTC each (153 shares).

@Nefario, can you tell how this should be done? (selling back to dishwara without someone buying them and reselling them to dishwara for more)

Hey dishwara, I'm not sure how the pricing works out, but it seems like things got really complicated when you tried to run more than four cards on one motherboard.  maybe it's worth running a rig with 4 cards, and trying to sell the other cards for bitcoins, or something like that.  ( I would even suggest buying another motherboard for the other cards, but I know you don't want to invest any more capital.)

Anyway, glad to here you're going to keep up the good fight.  Don't let the trolls get you down.

These are GREAT news dishwara.  I think I can speak for all of us, your shareholders, when I say that we really appreciate your courage, and your determination.  You have gone where many of us would give up!  Thanks a lot!

Ps. Am I the only one who still can't get on GLBSE?

Thanks for at least trying dishwara, as I've always said at least you seem to be a honest well meaning guy.

SIN share holders are not happy to give 900+ shares in exchange of equipment.
Also his proposal has come down to 533 shares of SIN as his share holders resisting. I think its going down as much as it can.

so, i decided to do one thing. I try to run miner with as much as i can. The electricity bill to be paid is very important here.
I mine coins, pay electricity bill & with remaining coins take back my DISHWARA shares back at 1 btc per share or less, which is best for me.

I have no idea when will i complete this, as due to huge increase in difficulty , the mining with the current rig gets impossible.

This is at most i can do. Since Tawsix share holders are not happy, they will even create problem with Tawsix itself. I don't want to put my burden on some other. I am already broken, don't want to create problem with another company.

So, i mine with the current hardware now & try to buy back DISHWARA at the initial price or less, which helps me best.

If that too fails. DISHWARA first mining company to start in GLBSE.com, The first company to gave dividend & also DISHWARA will be the 1st company to close or to run away.

As a share holder, i know how many scolds, curses, spits on your mind running right now that i am cheating.
so, if you want t call me thief, scammer, cheater anything you want to call, call. My mind getting hard & hard, so i am not going to worry your curses much.

Their is a force above us, i won't call it god. coz god never exists. that force knows my trustfulness. That is enough for me now & forever.

I am sure trolls are very happy now, that they didn't invested & brought me down completely.

I salute you trolls, with out even wasting a bitcent, you proved you can bring me down. Hats off to you.

Dishwara, send you a PM.

It looks like they are not too keen on the idea so far.

2 motions id 13 & id 14 are for vote.
Please vote.
SIN owner Tawsix ready to take all hardware for his shares. He also put vote in his thread & glbse for his share holders approval.
His proposal is to give 968 of SIN shares in exchange of all the hardware.
Shipping will be done once voting is over & his share holders acceptance.
With his shares, DISHWARA get dividends & i will that dividends to DISHWARA share holders.
You can read fully in vote.


For the past 8-9 hours i was in shop to sort out mother board problem.
It didn't worked for many hours & suddenly started working. have no clue.
I am going to test it with all the hardware & then i have to ship.
So tonight i will try to test all hardware & if everything is fine, tomorrow i have to get the shipping cost for his place then i ship all hardwares.
I also emailed him to remove slotted angles as, it weights around 15-20 kgs & price is less than 20 USD.
It will just increase weight & shipping cost.

Since mother board working, i also asked him to add mother board.

After complete testing with hardware, i finalize him.
I hope i will just ship everything, so my share holders at least get their investment.

To the non share holders who asked me questions, irritated me for future share holders, I hope will be happy very happy, since i hand over DISHWARA.

Thank you for lightning me with the truth that i am not worth to run business, management & administration.

Share Holders, please vote.
Thank you.

OK, so here is a link to a thread outlining the basic deal with DISHWARA.

http://forum.bitcoin.org/index.php?topic=8167.msg274429#msg274429

Essentially DISHWARA is being taken over by SIN, in practical terms it's a shareswap.

I need to think how this will work in practice.

This thread is now open to discussion.

Nefario.

So to clarify, Dishwara is NOT going to be just giving the hardware away.

We're working on what options are available (including continueing as before if possible, but no guarantees).

I'll post updates here.