Topic: [GLBSE] BDT - 3% weekly interest bond, backed by Bitdaytrade - page 8. (Read 57962 times)

Thanks for handling this, Meni!

Nevertheless I remain highly skeptical if this is the beginning of a happy end to the whole story. Too many broken promises by A.A. in the past.

50 BTC more received, 0.01 BTC per bond sent (counts as $0.12).

PS. To all whom it may concern, 17mE6CjNxCKn51yAQuVx3ERq1qT5uYyRLr is an address in my Bitcoin-qt wallet and the main address I use to receive payments from Alberto. I send funds from Bitcoin-qt (not necessarily the same coins) to my blockchain.info address 14ubeus6MbjWqy13x2uFPS6XFUyE92ty96 to be used with sendmany.

Hope is rising. Payment received.

Payment received.  Thanks Meni, and thanks Alberto for working towards getting this resolved.... could be worse!

Received. Thank you very much.

Thanks once more Meni, payments received!

Alberto has paid 50 BTC and says he will pay 150 more within a few days. These funds will be distributed among BDT bondholders other than myself. The distribution between bondholders and the debt to me will be finalized once more payment arrives.

I have received a list of bondholders from Nefario. There are some direct claims which I am examining, so the actual number of unclaimed bonds is fairly low. If you are not on the list, you can claim your bond by sending me a PM or mail to glbse at menirosenfeld . com, though I will need sufficient evidence to credit it.

Together with trace amounts of 6.12914756 BTC he paid previously, this brings the total paid recently to 56.12914756 BTC, which will be held in my address 14ubeus6MbjWqy13x2uFPS6XFUyE92ty96.

I have paid out a test payment of 1 satoshi per bond to each listed bondholder, followed by a payment of 0.0112 BTC per bond. This is transaction b0027fd15aba8b7118b6d77e8035f9839bb394c17cc4cdce12d33bbaa65ec23e.

To avoid the risk of BTC volatility throughout the time it will take him to repay the debt, the debt will be redenominated in USD. I think it is reasonable to use a rough average of the last few weeks, during which the exchange rate revolved around $12. He still owes BTC and pay out in BTC, but the amount will be adjusted according to the exchange rate (using as now an eye-balled average). So his debt starts at $12 worth of BTC per bond, plus $45,600 worth of BTC (3800 * $12) to me.

Having paid 0.0112 BTC per bond, the remaining debt is $12*(1-0.0112) = $11.8656 per bond. Alberto still has a long way to go but it does look like he is making an effort to get this resolved.

You should be really stopping trashing my name, as your knowledge of the facts is approximative if not dubious.I'm working toward dept repayment as Meni said,
Stop this useless bullshit please.

Yes, thanks Meni.

Good job on staying involved and on top of this Meni. I appreciate it!

Once there are any funds available we will start examining this.

Is there any plan for any kind of procedure for claiming shares in BDT which were held on GLBSE?

Well, that was not an extension as his original stated time of payment had not been reached yet; I was just worried because he failed to fulfill some of my requests.

However, that's a bit moot since today, for the first time, I had a chat with Alberto with video on his side. This gave me a chance to better verify he is who he says he is, and to talk more seriously about his repayment plan.

I'm feeling a little better about his intention to repay funds, and I'll feel even better once he reaches the first milestone, however modest, of repaying 200 BTC within a week. After that there should be a steady stream of payment, and I hope most of the debt will be resolved within a few months. I will continue to monitor Alberto to verify he sticks with this plan.

Of course I cannot promise anything, and I don't feel great about the time schedule for repayment, but I still believe some other suggested approaches are inferior in their ability to recover the funds.

I will discuss more aspects of this as they become relevant.

Looks like another payment extension for Alberto Armandi, our Sardinian scammer from Carbonia.

What was his promise / threat?

Glad you finally see it.

(Unfavorable comments regarding Alberto which were here earlier were removed at his request. I'll wait some more before bringing up the heat.)

That's what Alberto said, yes. But since Alberto is at best extremely unreliable I'm also looking at it from other angles. Don't get any hopes up.

It's far from over, the lists Nefario is sending are pretty bad.

Any updates now that GLBSE is finally sending out asset lists? There were procedures in place to wrap this up before the end of 2012?

Alberto's explanations of the situation aren't very convincing, but I'm giving him until early December to come up with some form of payment. I'm also exploring legal, law enforcement and other possibilities for escalating this in case this fails.

To keep this on watch.

What's the status, Meni?