Topic: Closing - page 5. (Read 20643 times)

I believe the interest is based on the original IPO price.

As the prices of the bonds we're trading, change, the funds he has received through IPO/SPO's, have not, assuming his SPO's have also been getting sold at the same price as the IPO was.

All the bond price is after issue, is how much we're willing to buy/sell them amongst ourselves.

-- Smoov

Maybe you should use the term "face value" instead of "IPO price"? Or is there a better term?

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

Does this mean you are going to actively try and find new "marks" ?  If you know its a ponzi and participate anyway you are willingly getting involved in a  criminal act to defraud more people.

Obsi, do you have anything to say in response to the accusation that you are running a ponzi scam? Or are you just going to ignore it and hope people keep investing anyway?

Obsi, do you have anything to say in response to the accusation that you are running a ponzi scam? Or are you just going to ignore it and hope people keep investing anyway?

1. I appreciate you taking the time to lay out examples of the issuers business operations. However, your examples do not include many important factors such as:

a. lag-time regarding employing newly raised capital.
b. lag-time regarding conversion and transfer back for dividends.
c. any form of estimated default rate (which has to be somewhere in the double digits on such high risk, high interest loans)
d. your equation assumes 100% of capital is employed 100% of the time.
e. as the total amount of working capital increases, it will become more difficult for the issuer to employ it all. With 10,000,000 shares issued, the current potential marketcap is about $1,439,200. Of course, we are a long ways from that, but it is important to note. As total working capital increases, it is a risk for shareholders.

I know you probably left most of these points out intentionally to keep is as basic as possible for people to understand. It is good to highlight these potential risks though. I am just trying to help provide clarity; just as your are.

2. As stated before, I would just like to see a greater dialogue between the issuer, investors, and potential investors. Bitcoinbear has already responded that today's dialogue has helped him understand the issuance better. I think helping create a dialogue for the sake of investor awareness is a very good thing.

Probably. But at 1% if it survives at least 100 days, or I sell before it collapse, I come out on the plus side anyway.

In Ponzis We Trust (to get in and out quickly).

• Zero transparency
• Absurdly high interest rates
• Additional bonds issued every week
• 0 interest could be paid indefinitely within the terms of the contract
• A buyback is only promised in case of an orderly shutdown of a unknown business with zero transparency.  Obsi can claim the investment failed and pay nothing
• Issuer is completely unverified on GLBSE

Obsi can steal your investment at any time while still adhering to his contract.

PONZI SCAM

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

But the information is available (actually, more complete info) right on the GLBSE asset page, just click on the "Dividend payments" and it will show the entire dividend payment history.

Or maybe potential investors want to know how consistent he is and what dividends currently look like.  They won't stay at the max 1% forever, and anyone who might want to try to do any due diligence at least needs to know the current situation (even if it is "paid 1% again today").

Do you really have to bump the tread every day? I imagine the people who own these shares can go on GLBSE and see the dividend has been paid. Perhaps you only need to post something if the payment will be delayed, or if you have some more interesting news?

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.