Topic: [Closing]Mining Company Closing with 3.3 GHash/s - JLP-BMD (Read 31678 times)

.. and ran with my 11 bitcoin?

i have not been contacted of whatsoever. i have still alot to claim from this.

What are you expecting to find out?  He sent out a final payment around April 9 and shut the company down.

Fuck you. You miss every single fucking "weekly" payment and now you think because the price has risen so much that ~9 BTC is enough? _You_ missed your payments, so it's _your_ fault. I understand you cannot pay the full 231.7875 BTC, that would be insanely unfair after such a rise. But if you had kept your word, and made your weekly payments, we would have already gotten WAY more than the measly 9 BTC you paid out.

I cannot understand why we should we "pleased" with this. You didn't say a word anymore. Didn't reply to our request for updates/payments, and now we should be pleased with what we got? Had you just kept your word and sticked to your plan with 4.4575 BTC weekly payments, after only 3 weeks we would have gotten more than we got now.

well done, may they stick in your greedy throat

Has anyone tried contacting JL421 by email?  He hasn't been active on the board since January.

Repeated request.

This

Any updates? I only received the one payment on 8 January.

Haven't seen a payment in a couple weeks.  Just wanted to make sure this is still proceeding as planned.

It actually looks like the approx 70 BTC mined was split amongst all 8000 shares.  69 BTC/8000 shares gives 0.008625 per share, pretty close to what we got.

Looking back a few pages in the thread its apparent that all 8000 shares were receiving dividends then too. 

Possibly a term a little longer than a week might be a good idea. You don't have to hold on to them for a year or anything, but people do occasionally get buried in. How's a month sound?

> As disclosed in the original contract, I will be repurchasing all shares at 75% of their last traded value.

> As soon as I receive a list of shareholders I will begin dispersing out 5.8 BTC weekly as a dividend split between all shareholders, except myself, until all outstanding shares have been paid off. At that rate the total value should be paid off in exactly 52 weeks.

From forum page 1

> 6)In the event of terminating the company and liquidation of its assets, after payment of the organization's creditors and/or expenses, the shareholders will be paid all remaining liquidity, divided equally among shares. If that is not enough to buy back all remaining shares, shares will be bought back at the price the share was trading for when the company ended.

Can you please clarify this?

Also, did it state in the original contract that shares would be bought back over 52 weeks?

I never received any email. From you, GLBSE, or any other issuer.  I submitted my claim information the same day (possibly withing 36 hrs) that the [sane/v2.0] claims process was put up on GLBSE.


Again - No email here.  I'm assuming it's because I didn't refund the claw-back until earlier this week.  From what I'm reading it appears Mr McCarthy is holding email addresses hostage for those clawbacks. Does this message constitute me contacting you?  Or is there some other requirement for 'contact'. Please inform so I can follow the process.
Also - to be clear - You didn't see me complaining - Just advising you as to how it looked from my optic.  I cared enough to submit my claim, but then didn't care enough to stand around and watch the next 6-8 weeks go by.  Like I said - call me lazy or whatever, but I felt like there were others in my position who might be similarly affected, so I thought I might throw a bit of advice against the wall and see if if stuck. Do as you will, I cannot change you.

That's a red herring.  You've offered exactly 7 days to make a claim.  Again - I can't change you dude, and I'm not trying to.  Just pointing out how it looks.  It looks like a cash grab. Do as you will. 

Couldn't agree more, well said!

So everyone waited 2+ months to get this list, and now that you have it - you are going to give people 7 days to reconcile?  While I understand your wish to close this thing down as quickly as possible; I think you might want to reconsider. From an outside perspective it looks like a simple share/cash grab.  I know several other issuers are waiting 60 days before doing anything like this.

I only point this out because I 'checked out' of the whole GLBSE & Bitcoin forums after about 3 weeks of watching the sh*tstorm.  I loaded up my coind client just 3 or 4 days ago to discover I had received an eighth of a coin, 2x from an address I didn't recognize.  After trying to get caught up on the forums, GLBSE blog posts, etc, I was just last night able to get in touch with GLBSE.  I sent back the double payment and am waiting to get added to the issuer list.

So if I had been travelling this week, or if I had not decided to upgrade my PC (and thus necessitating the blockchain synch and wallet backup prior to the upgrade), I would not have found out about this at all. Other people may have similar circumstances, or circumstances that end in a similar result.

Certainly one can argue that's my tough luck, I should have been following my investments, blah blah, and that's all fine and dandy, but what's the harm in waiting another 30-45 days before pulling in other people's shares?

How many BTC have been mined while GLBSE has been offline? Will we receive one big dividend for that?

Just to clarify, how many shares do you hold and how many are outstanding total?

Also to clarify, you'd be paying out the 65 BTC plus whatever else is mined divided by the number of shares, plus 5.8 BTC divided by the number of shares for the next 52 weeks (after you receive the shareholder list)? 

For what it's worth, the mergedmining thing ended up being a huge mess and they are in the process of liquidating.  I'd personally rather have the buyout if I'm understanding it correctly than have the operation sold to someone else.

Okay, I don't think JL421 will just run away, but a status report is long overdue.

Well there are 2 problems with this ...
1) There is 500 shares offered below 0.1BTC
2) We invest in BTC ... so you can't measure it in USD

Well, selling at 0.25 now seems hard as the market does walue only mhash/s and not really that this is a company backed with real HW.
Selling at 0.10 would dilute actual shareholders share ... so I personally would prefer a way where current shareholders would pay for the new HW ... but with GLBSE not providing a way how to prove who own what ... that's difficult ...
So if we don't sell at 0.10 it seems that an option could be a loan and use dividends to repay it ... but if we need 180BTC it would take some 25 weeks ... but that's 1/2 year and not taking into account reward halving and ASICs coming ... seems not viable solution ...
I would still prefer to have an option to buy a number of new shares at 0.1 which would reflect my actual share in the company so it stays the same