Topic: [Closed] G.MPOE Pass Through (Read 5792 times)

Thanks, but you could have announced it earlier in advance, and provide option to redeem underlying shares directly to mpex/coinbr users and get better price - now just 3 days after, the price hovers between 0.00082-83. I first offered you this solution and assistance when moving from GLBSE, you seem not to put any thought to it again

I will be winding down all my other PTs, as I no longer can ensure regular payments or that I can set off time on a weekly basis.
My time and presence is required sporadically across several countries and time zones. I can hence not ensure that I can payout dividends or complete other tasks within a reason time period while upholding the security measures I would like to keep.
This is something I have been thinking about doing for sometime now, but this issue has made it clearer.
It is time for me to shut down my PTs and step down, there are now several other reliable and trust able PT operators which you can fall back on.
I will still be available if anyone wants my opinion or advice on things, I might also do additional fund raising in the future but more focused on a small group of bigger investors.

Thank you for trusting me with your money and time, I hope that even though the recent fuck ups you appreciate the service I have offered the community for some time now.
Within shortly all PTs will be bought back or the ownership will be transfer to another trusted community member.
Best Regards
//DeaDTerra

For G.MPOE this means a forced buy back, as according to the contract I pay the current price on MPEX.
The final buyback can be seen below, I paid 0.00080603 which is the current ask price on MPEX:
You will be issueing (98.35661678 / 122026) = 0.00080603 per share. Final Total: 98.35661678.

Oh, sorry for the misunderstanding then

I have not issued or offered any new shares yet.
I will buy more backing in the next couple of days and then start issueing and selling more shares.
//DeaDTerra

Issuing shares at double the MPEx rate isn't going to help you with the volume

You do not understand the basics of my PT.
I buy shares before I issue new once,
You share is backed my one MPOE shares on MPEX and will be backed by that amount independent on how many more shares I issue.
//DeaDTerra

imo printing+dumping/\shares is what u do "open source" means we can dump>cash out\/reboot..thanks

The backing of the shares is 1:1 it has never been anything else.
I have not diluted or printed any more shares.
If you are not happy with the service I provide then switch to another PT.
It is a free market.
//DeaDTerra

So I take it the dividends will be paid today? 6-29-13

have fun on your trip take your time it's cool shareholders can wait and hurry print + dilute shares..thanks

I will be away for four days now,
Once I get back I will have some time over to spend om my PTs.
I will buy more shares on MPEX and issue more shares on the PTs, I will also add some FAQ
I feel that I have not had much time for the PTs and they are a bit neglected ^^
//DeaDTerra

Cool. Issue more G.MPOE please (backed by real shares of course )

Trading has been resumed
//DeaDTerra

I'm being schooled by a newbie, sweet. Anyway, stick to the topic please.

S.MPOE is not an appropriate investment vehicle for the plankton of bitcoin finance (you).

In that case, I will also leave this here: https://i.imgur.com/U50p1sW.png

And the owner even publicly blogged about it, bragging to be the "best customer rep in the world": http://polimedia.us/trilema/2013/i-am-the-best-customer-rep-in-the-world/

So yeah, if you want to a) support a business like that or b) get responses like that when you reach out for them, go ahead and buy some MPOE.

I have read many pages on his blog, and he seems to know what he is talking about most of the time.


I think it is a valid topic for this thread. This thread is for discussing your pass-through for MPOE, and whether MPOE is a scam or not seems to be a very valid question for any potential investors, since that is where the money they hope to be earning is coming from.

I would recommend you to do some research. It is not by coincidence that people related to MPOE/BitBet.us etc have an yellow IGNORE button on them. They treat their customers and shareholders like shit. You could also read the owners blog if you want more convincing.

Anyway, I will stop posting on this thread. Please feel free to join the other thread if you want.

Please guys
Take this elsewhere!!!!
This thread has nothing to do with this conversation.
Please respect that.
//DeaDTerra

From that thread: "MPEX - Despite the fact that the security never actually stole or scammed members the owner Mircea Popescu is a disgusting person that uses the term "nigger" on his blog while also constantly putting people down and generally being a complete snob. Lied multiple times about being the owner of a successful company, if it wasn't for Satoshidice releasing stock in MPEX this person would be selling potatoes somewhere in Romania."

So ... MPEX is a scam because you don't like the guy running it? That is some dumb reasoning there.