Topic: [GLBSE] FOO.PPPPT - Perpetual Pure Pirate Pass-Through Bonds - 7% weekly (Read 12852 times)

Thanks for the great work and great setup bitfoo, and here's hoping for plenty more of the same to come from pirate and Brendio. Three cheers!

Thanks for all of your hard work, Brendio and Bitfoo, on this! The community really appreciates it!

Thanks to pirate, Nefario and brendio for the smooth transition, and to investors for your trust. I will link to brendio's new thread in the OP and lock this thread soon. I hope to be back with other FOO.* assets sooner or later. Until then, cheers!

I confirm that I am now in control of the asset FOO.PPPPT.

I have created a new thread for the asset so that I can keep the OP up to date. If you have any questions, please ask them there.

Brendio.

Asset control has been passed to Brendio.

Nefario

I checked with pirate again this morning, apparently he had forgotten to do the withdrawal because it was clubbed together with the request for transfer of funds to brendio. Got the funds immediately, and I just sent them out with an extra 0.02 per bond to compensate for the delay. Enjoy!

I hope this gets fixed no later than today..

Edit: yup, all is well. Pirate did his part, now waiting for foo. Thanks for help foo. It was a pleasure.

Sad to be one of those "some". Pirateeee!

Edit: I also got my coins+extra. Thanks foo and everything best for the future!

The funds show up in my BS&T account. We are now just waiting on Nefario to transfer over control of the asset on GLBSE.

Update:

Dividends went out yesterday, soon after pirate paid them out. Brendio: check your BS&T account, it should be 5989 BTC richer already.
Nefario will transfer control of the asset shortly. All that's remaining is some buyback requests - for which I've put in a withdrawal request with pirate but am still waiting to receive the funds. Again, keep an eye on the interest address if you're waiting for BTC from the buyback - it's out of my hands for the moment. Thanks!

I see the dividend payment marked as pending on my account, but it hasn't hit my wallet yet. You could look out for it on the interest payment address.

any news on those juicy dividends?

Please, go ahead and spread some FUD at #btcst on Freenode, or at a thread listed here!

seriously?  you are basically an affiliate for a scammer.

This is a small piece of the largest ponzi scheme in BTC history.

added to Micon's list of things to never, ever send your BTC to and get all you can back if you already have.

I concur with the above statement, although if you check the signatures, you can already see that.

Welcome to those investors who will be staying on under the new ownership.

I look forward to continuing to provide the reliable service for which both FOO.PPPPT and BIB.PIRATE are known.

Here is the jointly signed statement as promised:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Effective 05:00 UTC, Jul 30th 2012, 'bitfoo' (gpg key id 0x7087E81EDF0E3996) will transfer complete ownership of the FOO.PPPPT asset on the GLBSE (https://glbse.com/asset/view/FOO.PPPPT) to 'brendio' (gpg key id 0xB943789241C3973E). After this date, brendio assumes all liabilities regarding payment of coupons, principal and full adherence to the listed asset contract terms, releasing bitfoo of the same. This transfer of ownership and liability is contingent on the occurrence of each of the following events:

1) pirateat40 (operator of the underlying investment, Bitcoin Savings and Trust / BS&T) transfers all funds held in bitfoo's BS&T account to brendio's account.
2) Nefario or another admin of GLBSE transfers control of the FOO.PPPPT asset to brendio.
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Note that the interest for this week is accrued in my account, so I'm still liable to pay it out.

Hi Sukrim, I will honour the contract exactly as stated:


FOO.PPPPT will be kept separate, at least for the immediate future, but they will share the one BS&T Trust account. The two issues has slight differences in their terms, which affect which one is more attractive to different investors. One major advantage of BIB.PIRATE is the mechanism for wholesale investors.

I just got back from a big weekend away. I will work with bitfoo on the final details in the coming days and we will then make a jointly signed statement.

Ok ok, it's back to 7% now. 7% interest on par value of 1 BTC, with a variable premium on entry into the fund.

BTW, bond sales are now active again, until the fund is transferred over to brendio.

Ah gotcha, didn't look far enuf back

Look one page back, there's a half dozen posts on that same topic.