Fulfilled a bunch of bids @ .1
Currently 5627 bonds out in the wild.
Cheers!
Topic: [GLBSE] BDK.BND (1%/week) *IN DEFAULT* - page 8. (Read 17514 times)
The askwall @ .1 has been taken down.
Cheers!
Cheers!
And another up now (currently 997 shares) - you?
The askwall @ .1 has been taken down.
Cheers!
Cheers!
And another up now (currently 997 shares) - you?
The askwall @ .1 has been taken down.
Cheers!
Cheers!
And another up now (currently 997 shares) - you?
Would a default by BS&T affect this offering?
No. As it happens, in 4 days, I'm entirely out of Pirate.
Would a default by BS&T affect this offering?
The askwall @ .1 has been taken down.
Cheers!
Cheers!
Issued: 3439 bonds (343.9BTC FV)
Interest Payment: (343.9*.01)=3.439BTC
Next Payment Date: May 21st
Interest Payment: (343.9*.01)=3.439BTC
Next Payment Date: May 21st
A large bond-drive is now in effect. For a few days, I plan to have an ask order up @ .1 in a relatively huge amount. There is extremely exciting stuff going into motion everyone will benefit from (not restricted to those involved with BDK). That said, BDK pre-IPO shares are still available, too!
I have put up 1.5k ask orders @ .1035, 39 bid orders @ .097. I'll watch the trades in #bitcoin-assets to see if the bid wall goes down and put a larger one up if so. I do not intend to allow BDK.BND to fluctuate much like some other bonds.
Trades when I have an interest in making a particular transaction (for instance, if I need BTC to make a loan or something like that, or if I want to reduce what I'm paying to bondholders per month), the bid/ask will be much closer to .1
Cheers!
Trades when I have an interest in making a particular transaction (for instance, if I need BTC to make a loan or something like that, or if I want to reduce what I'm paying to bondholders per month), the bid/ask will be much closer to .1
Cheers!
You might find that it is hard to control the price. I attempted to keep the price down on TyGrr-Bank but only ended up with having more debt. More debt than I needed.
Speaking of which, I have use of ~1k BTC tonight. Ask order will be up until fulfilled or I go to sleep
ETA: Order removed. Currently 3102 bonds issued.
I have put up 1.5k ask orders @ .1035, 39 bid orders @ .097. I'll watch the trades in #bitcoin-assets to see if the bid wall goes down and put a larger one up if so. I do not intend to allow BDK.BND to fluctuate much like some other bonds.
Trades when I have an interest in making a particular transaction (for instance, if I need BTC to make a loan or something like that, or if I want to reduce what I'm paying to bondholders per month), the bid/ask will be much closer to .1
Cheers!
Trades when I have an interest in making a particular transaction (for instance, if I need BTC to make a loan or something like that, or if I want to reduce what I'm paying to bondholders per month), the bid/ask will be much closer to .1
Cheers!
Just got my first assets on glbse (happy)
Now 3039 bonds in the wild. (3039/10)/100 = 3.039BTC due on Monday.
Cheers!
Cheers!
Alright. All's well thanks to a lot of shouting and screen-pounding from Nef, who I suspect lost a day or two from his life due to stress of figuring out the problem. Thanks, Nef.
Shares have been transferred to CD-holders I owed, and I'll be issuing a bunch of shares on the market within an hour after I finish up some other pending business. Cheers!
Shares have been transferred to CD-holders I owed, and I'll be issuing a bunch of shares on the market within an hour after I finish up some other pending business. Cheers!
Going live in a few minutes. Will fill all orders @ .1 (and above, I guess) up to 500BTC-worth. First dividend payment will be made on May 14th and every Monday thereafter.
Cheers,
Ben
ETA: Any... minute... now........
ETA2:Minor technical difficulty while the forced buyback option's implemented. Should be good "soon."
Cheers,
Ben
ETA: Any... minute... now........
ETA2:Minor technical difficulty while the forced buyback option's implemented. Should be good "soon."
Just wanted everyone to have a heads-up since I noticed a fairly large bidwall and know those people are tying up their funds. Person receiving bonds today might cash out for some amount, but I wouldn't know what he'll sell at, and he'll only hold the equiv. of 10.5BTC-worth @ face value. Kind of miss GLBSE allowing "semi-unbacked" orders where you could bid on multiple assets but only have enough funds to fulfill a fraction of those orders.
Oh - and fwiw, I asked GLBSE to launch the asset ASAP. At latest, it'll launch in ~6h.
Cheers,
Ben
ETA: I take it back. I'll be issuing bonds for as many bids as exist @ .1 tonight. Found a good home for 'em.
There's a forced buyback feature now on GLBSE, which makes the old "place a big bid order" method obsolete. The contract's been updated to reflect this. My understanding is that I have to set an arbitrary date, but that it's meaningless because I don't necessarily have to buy back on that date. My understanding is also that Nef will enforce the contract insofar as the buyback clause specifies.
Contract changed slightly. I'd place a bid order, not an ask order when doing a buyback. 
Thanks for pointing it out, Meni.
Thanks for pointing it out, Meni. 
As long as mining bonds return more than 1% per week (they currently do and will for the forseeable future - until difficulty grows to ~2.5 million - continue to do so) you can get profits and after that just buy back your bonds or invest elsewhere.
Nice idea!
Nice idea!
Oh. I should have noted that this is phasing out my old manual CD system.
Once we're beyond the IPO date, I'll offer to issue bonds to CD-holders in an amount equal to what their CD is worth @ date of maturity. CD renewals are no longer permitted. If no renewal (as a bond) on a CD @ date of maturity, CD will pay principal + interest like normal.
Once we're beyond the IPO date, I'll offer to issue bonds to CD-holders in an amount equal to what their CD is worth @ date of maturity. CD renewals are no longer permitted. If no renewal (as a bond) on a CD @ date of maturity, CD will pay principal + interest like normal.
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