This is starting to stink like another scam.
Lets see now
The Bitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts allow investors on GLBSE to invest in BitVPS. Each depositary receipt represents one share of the underlying S.BVPS BitVPS shares on MPEx.
ContractBitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts
Ticker: BIB.BVPS
1. Holdings: Each (1) depositary receipt (BIB.BVPS) represents an investment in one (1) share of the underlying security BitVPS, trading under the ticker S.BVPS on MPEx.
brendio is hiding and is not responding to PM's. He has not published any information nor has he transferred the shares to any new exchange (or bought back the shares).
2. Dividends: The holder of a depositary receipt is entitled to the dividends of the underlying securities.
I have not seen ANY dividends after GLBSE closed. He has the shareholders contact information
3. Audited accounts: At all times, holdings in BIB.BVPS shall be backed by holdings of S.BVPS shares by BIB's authorised representative. BIB.BVPS securities may be issued or bought back and cancelled at any time, such that at all times all outstanding BIB.BVPS securities are backed by the underlying S.BVPS security in the ratio stated in clause 1. GPG-signed account statements shall be provided by BIB's authorised representative to a third-party auditor to verify that BIB.BVPS are indeed backed by the underlying securities.
Unknown. No known way to verify.
4. Liquidation rights: In the event of liquidation of BitVPS, proceeds of liquidation shall be distributed holders of depositary receipts by either a dividend or a buy-back offer by BIB.
5. Terms of the BVPS shares: Investors should familiarise themselves with the IPO agreement for BitVPS published at
http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS before making an investment decision. BIB does not guarantee the investment performance or credit worthiness of BitVPS.
He has not published any information nor has he transferred the shares to any new exchange (or bought back the shares).
6. BIB is in no way associated with BitVPS and no representation is intended or implied. Rapeghost (rg) was contacted prior to issue and has expressed no concerns about this offer.
As of now, he has kept all the dividends
He has not contacted any of the share holders (do you know any?)
He has not made any announcements of his plans.
Has not distributed any dividends received from mpwx
Has not bought back the share.
brendio has failed on 5 out of 6 in his contract....