[Closed] G.MPOE Pass Through - page 4.

wisard

sr. member

Activity: 272

Merit: 250

Quote

The issuer has the right to issue more shares and buy back shares (at the value of 1 S.MPOE share on MPex). The shares have no voting rights.

This doesn't sound fair.

Issuing more shares without early announcement affects the ability of existing share holders to sell their stake if they want to.

And if we go by Satoshi Dice pass through on bitfunder, we know that bitfunder prices are always more than MPex prices - because of the 30 bitcoin MPex fee. Existing share holders can be screwed any time you see a good arbitrage opportunity. If you want to buy back shares, buy them back from the bitfunder market at the valuations the market decides. You shouldn't have the right to buy back shares from Bitfunder pass through share holders based on the price and valuations on the MPex market.

DeaDTerra

donator

Activity: 1064

Merit: 1000

A wall of 100k Shares is up at 0.000665 BTC per share

//DeaDTerra

DeaDTerra

donator

Activity: 1064

Merit: 1000

Hi guys
Thought I would start a thread regarding my asset om BitFunder G.MPOE (https://bitfunder.com/asset/G.MPOE).
It's another pass through to MPEX same idea as for the S.DICE pass through but this time for S.MPOE.

Do you want to invest in S.MPOE without having to go through the trouble of setting up a account on MPex?
Or maybe you want to avoid paying a 30 BTC fee for account creation?
Then look no further! G.MPOE is a perfect way to invest in S.MPOE through BitFunder without the trouble and all of the gain

Contract:
Each share has the right to 95% of the dividends paid by S.MPOE listed on MPex (http://mpex.co/?mpsic=S.MPOE).
Each G.MPOE is backed up by one share of S.MPOE share.
The dividend will be paid within 48 hours of the payment from S.MPOE. If this is not possible then the dividend will be paid out altogether with the next dividend.
The issuer has the right to issue more shares and buy back shares (at the value of 1 S.MPOE share on MPex). The shares have no voting rights.
In case of MPEX shut down or hacking the issuer is not responsible for potential losses or damages cause to the underlying backing

If you have any questions please do ask.
//DeaDTerra

Topic: [Closed] G.MPOE Pass Through - page 4. (Read 5758 times)