Oh I guess I can lock this topic huh?
Yes, all communication will be happening in the other thread listed in Epoch's post from now.
Topic: [GLBSE] BFLS - Bitcoin Mining & Sales (Read 17866 times)
I recall there was talk of possibly closing this thread and continuing discussions in BFLS.RIG but, in case this is still active, I'd just like to mention that I posted some thoughts (for discussion) on how to handle the current BFLS and BFLS.RIG shares once the ASIC upgrade begins:
https://bitcointalksearch.org/topic/m.1455088
https://bitcointalksearch.org/topic/m.1455088
Transisto, email me the details of the problem specifically and I will get it worked out.
I am being sent invoice for hosting of two single while due to GLBSE interupted trading I ended up being a few shares short of a complete unit.
Is anyone of you in the same position ?
Is anyone of you in the same position ?
I posted this as well in the BFLS.RIG thread, but it might be worth repeating here (apologies for the double post):
BFLS (1 Single/200 shares): $600/200 = $3 per BFLS share
BFLS.RIG (1 MiniRig/6058 shares): $15295/6058) = $2.52 per BFLS.RIG share
This indicates that a BFLS share is worth more ($3/$2.52, or 1.19x) than a BFLS.RIG share. Put another way, 5098 BFLS shares ($15295) are worth the same as 6058 BFLS.RIG shares ($15295) which is the value of 1 MiniRig.
So to fairly convert the hardware value of BFLS into BFLS.RIG, 1 BFLS share should be converted to 1.19 BFLS.RIG shares. A 1:1 conversion would mean that BFLS shareholders take a 19% loss. If my analysis is flawed, I'd like to know where it fails.
I am going to be converting BFLS shares into BFLS.RIG at 1:1, so everyone will in one payout bucket.
A single payout bucket is welcome but I have a concern about the proposed 1:1 conversion: a 1:1 conversion does not appear to represent fair value for BFLS shareholders. Unlike 'regular' mining bonds such as Gigamining, BFLS and BFLS.RIG represent a share of hardware, not hashrate, so: BFLS (1 Single/200 shares): $600/200 = $3 per BFLS share
BFLS.RIG (1 MiniRig/6058 shares): $15295/6058) = $2.52 per BFLS.RIG share
This indicates that a BFLS share is worth more ($3/$2.52, or 1.19x) than a BFLS.RIG share. Put another way, 5098 BFLS shares ($15295) are worth the same as 6058 BFLS.RIG shares ($15295) which is the value of 1 MiniRig.
So to fairly convert the hardware value of BFLS into BFLS.RIG, 1 BFLS share should be converted to 1.19 BFLS.RIG shares. A 1:1 conversion would mean that BFLS shareholders take a 19% loss. If my analysis is flawed, I'd like to know where it fails.
Basically, yes. It's too difficult to keep them separated at this point and they were designed to be a 1:1 replacement (hence the 6058 strange value for a minirig vs 200 for a single).
Youre swapping BFLS shares for BFLS.RIG when you get the shareholder info back ?
I am only going to post further updates in the BFLS.RIG thread, so see that thread for future updates on this.
Hmm, well I have no idea where that puts us.
I have the payment back end ready to go though, so that's good.
I have the payment back end ready to go though, so that's good.
http://blog.glbse.com/issuers-being-given-shareholder-lists
Starting with the biggest issuer first in descending order
Starting with the biggest issuer first in descending order
Well... I guess he's not going alphabetically, rats!
There were 179 assets at GLBSE, part of them inactive.
So we have to wait not more than ~40 days in worst case.
So we have to wait not more than ~40 days in worst case.
Seen elsewhere:
To all Gigaminers:
Late yesterday I received an asset holder list from GLBSE. Per the email received, the list may grow some more so it may not be the final list.
This is good news as it means step one is near completion. I will be working with counsel later today and possibly into next week to finalize the next steps and to clarify what has to be done and why.
Best regards,
gigavps
Late yesterday I received an asset holder list from GLBSE. Per the email received, the list may grow some more so it may not be the final list.
This is good news as it means step one is near completion. I will be working with counsel later today and possibly into next week to finalize the next steps and to clarify what has to be done and why.
Best regards,
gigavps
I had a chat with James and he is releasing about 4 assets per day.
Sunshine!
Sunshine!
The list contains email, bond count and btc address. I will probably post the list with the details hashed once we have the final version and counsel has cleared me to do so.
Yes
Are dividend retained for when we'll have full list of share ownerships ?
He responded to me, but said I had to wait. He didn't say no... just said I had to wait like everyone else. I'm not sure what else I can do at this point. Hopefully he will release that information soon.
Your avatar is a perfect combination with that ice cream 
Thanks, but I want to make clear that I'm not suggesting a bounty to ice him...
Would this be a way to get our data ? By paying Nef something ??
What do you propose?
Jump to: