UPDATE: BDK & BDK.BND have been "limited" by GLBSE staff because we planned on launching a competing service in 2-3 months. Since we are no longer able to fund-raise on GLBSE, the June offering is partially canceled in that I can no longer post an open-market order. Those who reserved shares are welcome to either honor their reservation and have shares issued on Hermes, knowing Hermes will likely not have trade functionality for 2-3 weeks, or you can cancel your reservation. I am not accepting new reservations. As well, an alpha version of Hermes will be released within a few days, which all GLBSE-"limited" securities will be transferring to. This includes Zip.A, REBATE, BDK, and BDK.BND.
Dividends will still be paid to GLBSE security-holders. In roughly a month, I will need everyone to verify their holdings with me by sending their BDK or BDK.BND shares to me, which I'll keep, but then re-issue the same amount of shares to the person on Hermes. At that point, dividends will be paid exclusively on Hermes. There will be a few weeks notice before this happens. Please ask if you need any updates, clarifications, or have questions. I'm talking to ten people at a time, and forgetting what information I've given and what information I still need to give publicly. Sorry, and thanks for bearing with me.
Please read through the thread here if you need more info (feel free to skip the MPEx stuff):
Topic: [GLBSE] BDK.BND (1%/week) *IN DEFAULT* - page 7. (Read 17514 times)
BDK.BND will be listed on Hermes within a couple weeks. I will be making a full announcement on Hermes, soon.
Relevant: https://bitcointalksearch.org/topic/m.928697
Relevant: https://bitcointalksearch.org/topic/m.928697
As an update for investors,
GLBSE has limited BDK.BND and BDK. Dividends will still be paid. However, I am unable to raise any more capital. As such, no new BDK.BND units will be issued until the situation is resolved.
Please let GLBSE & I work this out and do not over-react.
GLBSE has limited BDK.BND and BDK. Dividends will still be paid. However, I am unable to raise any more capital. As such, no new BDK.BND units will be issued until the situation is resolved.
Please let GLBSE & I work this out and do not over-react.
Dividends paid.
Issued: 26367 bonds (2636.7BTC FV)
Interest Payment: (2636.7*.01)=26.367BTC
Next Payment Date: June 4th
Issued: 26367 bonds (2636.7BTC FV)
Interest Payment: (2636.7*.01)=26.367BTC
Next Payment Date: June 4th
At what time of day (UTC) will the dividends be paid?
There is no set time. I pay them as early in the day as is possible for me. This will change if GLBSE adds an auto-pay feature for dividends in which case it will be at 04:00 UTC, 00:00 EDT. 
At what time of day (UTC) will the dividends be paid?
I'd like to get an additional 4k BTC worth of funding within a few days. I don't want to cut into the small amount of liquidity which has built up on GLBSE. This is not necessary funding, but I'd like to have cushion in case of a worst-case scenario without needing to sell other assets. If you want to buy 100BTC-worth or more of BDK.BND, please PM me. I can toss you my ID & a utility bill from this year if necessary. This offer is valid until the end of 5/27.
Cheers,
Ben
1k fulfilled (thank you, again). I'd like at least another thousand by the 28th. Nonessential, but would be much appreciated and give me peace of mind while INAU & I move forward with underwriting deals. Cheers,
Ben
I'd like to get an additional 4k BTC worth of funding within a few days. I don't want to cut into the small amount of liquidity which has built up on GLBSE. This is not necessary funding, but I'd like to have cushion in case of a worst-case scenario without needing to sell other assets. If you want to buy 100BTC-worth or more of BDK.BND, please PM me. I can toss you my ID & a utility bill from this year if necessary. This offer is valid until the end of 5/27.
Cheers,
Ben
Cheers,
Ben
Dividends paid. (agree with request for auto-pay, and request to include transfer fees, and request to make charts readable when there's an outlier, yada yada yada)
What about a logarithmic scale? Should be easy to implement.
Dividends paid. (agree with request for auto-pay, and request to include transfer fees, and request to make charts readable when there's an outlier, yada yada yada)
Issued: 26311 bonds (2631.1BTC FV)
Interest Payment: (2631.1*.01)=26.311BTC
Next Payment Date: May 28th
Issued: 26311 bonds (2631.1BTC FV)
Interest Payment: (2631.1*.01)=26.311BTC
Next Payment Date: May 28th
GLBSE desperately needs a "pay dividend at date:time" function, or cum-/ex-div functionality like normal stock exchanges where you can pay at a later date, but pay to holders as at a certain date/time.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
+1
The lack of this feature is a major deterrent.
GLBSE desperately needs a "pay dividend at date:time" function, or cum-/ex-div functionality like normal stock exchanges where you can pay at a later date, but pay to holders as at a certain date/time.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
But I like the inefficient market. Makes for some good deals!
GLBSE desperately needs a "pay dividend at date:time" function, or cum-/ex-div functionality like normal stock exchanges where you can pay at a later date, but pay to holders as at a certain date/time.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
That way, buyers and sellers clearly know whether the asset they are buying or selling has the rights to the dividend or not.
Dividends will be paid relatively early -- ~6h15m or earlier if I'm particularly sleepy. Put up bids @ .1 and I'll fill up at least 300BTC-worth.
Cheers,
Ben
Ahhh, I take it back. Sorry to be a jerk.Cheers,
Ben
I'll pay dividends when I wake up tomorrow (11h?). I have a feeling someone would complain if I paid a day early for some queer reason. I'll fulfill bid orders tomorrow when I wake up BEFORE paying dividends.
Sorry again for that inconsistency.
Dividends will be paid relatively early -- ~6h15m or earlier if I'm particularly sleepy. Put up bids @ .1 and I'll fill up at least 300BTC-worth.
Cheers,
Ben
Cheers,
Ben
An additional 20k BDK.BND bonds have been sold, bringing the total up to 26300. I currently have no use for funds beyond this, so there shouldn't be any giant askwalls any time soon. 
Surprisingly clean, round number. For a while, the total dividend paid will likely be 26.3BTC every Monday (next Monday is on the 21st).
Cheers!
Surprisingly clean, round number. For a while, the total dividend paid will likely be 26.3BTC every Monday (next Monday is on the 21st).
Cheers!
If any investors or potential investors (either in BDK or BDK.BND) have questions, comments, whatever - feel free to hit me up on Skype (Name: Ben Malec -- Skype Name: bdk_kluge -- add a note so I can recognize you as someone from here and not a rando commando). I also hang out in #bitcoin-assets. I'm almost always logged in, but not always on. Probably not snubbing you if it takes me a day to respond. 
For those interested in CDs and don't have interest in receiving bonds on GLBSE, feel free to PM me and we can work something out. I was hoping to do everything on GLBSE, but liquidity on BDK.BND is terrible right now (I will resolve this problem myself if it proves necessary) and completely understand if someone'd rather do CDs. As well, I'm willing to convert BDK.BND to a CD if you'd like.
Cheers!
For those interested in CDs and don't have interest in receiving bonds on GLBSE, feel free to PM me and we can work something out. I was hoping to do everything on GLBSE, but liquidity on BDK.BND is terrible right now (I will resolve this problem myself if it proves necessary) and completely understand if someone'd rather do CDs. As well, I'm willing to convert BDK.BND to a CD if you'd like.
Cheers!
8k bonds available @ .1BTC/share until further notice.
Askwall taken down.
My wife now has full instructions on how to pay back bond-holders, CD-holders, pledge-holders, and BDK profit-split-holders were I to be incapacitated. In the event of my incapacitance, a forced buyback will be issued on GLBSE per the instructions of the buyback provision (.101BTC/share). I referred her to Nefario in case I die, so if she doesn't know what you're talking about, Nef might, or might be able to explain it to her better than I did in the instructions.
If you hold a CD and I am incapacitated, you will need to PM this account with the amount due to you so she can confirm (I don't keep full names anywhere, so it'll be an educated guess).
Cheers!
If you hold a CD and I am incapacitated, you will need to PM this account with the amount due to you so she can confirm (I don't keep full names anywhere, so it'll be an educated guess).
Cheers!
8k bonds available @ .1BTC/share until further notice.
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