We are currently working actively right now to reach a deal with both IMSAguy and HK. Right now it seems like we will have all the IMSAguy funds within a couple of days while HK still remains unclear.
//DeaDTerra
Topic: [GLBSE] GIPPT Delisting 100% paid. - page 7. (Read 19309 times)
I will post an update tomorrow.
Am I the only one who put only few % of owned funds in pirate's ship? Last 2 weeks everything is #@%^#% Hope I'm wrong.
https://bitcointalksearch.org/topic/m.1165301
If I have one chunk of money, borrow another, and invest one each into "EIEIO" and "BS&T", how is it a "Pirate pass through" any more than a "Mystical mining pass through"?
EIEIO must pay >2.5% weekly for this to be profitable. That alone makes it far too suspicious to qualify as insurance.
EIEIO must pay >2.5% weekly for this to be profitable. That alone makes it far too suspicious to qualify as insurance.
So how much is each share worth now? .6?
Looks to me like .431/share has been paid out, so it's now worth .569 btc/share.
So how much is each share worth now? .6?
200 BTC has been paid in dividends 
//DeaDTerra
//DeaDTerra
Update: 45.37% of my 4750 BTC obligation has now been paid. 200 BTC is sitting in Ludvig's GLBSE wallet, ready to send out, and it will probably happen today.
Did this get paid?
//DeaDTerra
Update: 45.37% of my 4750 BTC obligation has now been paid. 200 BTC is sitting in Ludvig's GLBSE wallet, ready to send out, and it will probably happen today.
Did this get paid?
Update: 45.37% of my 4750 BTC obligation has now been paid. 200 BTC is sitting in Ludvig's GLBSE wallet, ready to send out, and it will probably happen today.
Did this get paid?
Update: 45.37% of my 4750 BTC obligation has now been paid. 200 BTC is sitting in Ludvig's GLBSE wallet, ready to send out, and it will probably happen today.
Understandable. If you insure an obvious ponzi, whod have thought you might actually have to pay out 
I want to give some big creds to everyone involved on the insurance side INAU,IMSAguy and HK have all acted very professionally and had the investors best in mind at all times. If we take the situation into consideration they have done a brilliant job, who here could say that they would stay and pay 5000 BTC in debt after only a couple of weeks of payouts from Pirate. Not many.Big thank you to everyone involved
//DeaDTerra
Understandable. If you insure an obvious ponzi, whod have thought you might actually have to pay out
I am sorry about the delays, IMSAguy has claimed the responsibility for it due to that all of this Pirate mess has made it harder for him to liquidate then he initially thought, hence the delay. INAU doesn't refuse to pay the debt he is simply waiting on the backing to be liquidated, I know it's frustrating but we are paying back as fast as we can. A small payout (a couple of %), should be paid out today or tomorrow and we will keep paying out as much and as fast as possible until all the debt has been paid back 
3750 was with IMSAguy while about 5-6k was with HK, this was enough to cover his backing with us as well as his other contracts, it's not a matter of that he can't pay back because he doesn't have the capital it's simply a liquidity issue causing this delays.
I am sad to hear that, I am doing all in my power to get this payback fast and smooth, but as one that has had a look at the market recently will know, there's tons of fear and panic in the market which is making liquidating even harder then it usually is. IMSAguy and HK are running long term investment plans, and I am pretty sure they didn't plan for Pirate to default so soon, but unfortunate he did and this has left us with this mess
Sorry if I let you down.
//DeaDTerra
3750 was with IMSAguy while about 5-6k was with HK, this was enough to cover his backing with us as well as his other contracts, it's not a matter of that he can't pay back because he doesn't have the capital it's simply a liquidity issue causing this delays.
I am sad to hear that, I am doing all in my power to get this payback fast and smooth, but as one that has had a look at the market recently will know, there's tons of fear and panic in the market which is making liquidating even harder then it usually is. IMSAguy and HK are running long term investment plans, and I am pretty sure they didn't plan for Pirate to default so soon, but unfortunate he did and this has left us with this mess
Sorry if I let you down.
//DeaDTerra
I confirm that part of the difficulty is on my end. I used the coins to reduce my overhead by buying out some investors that were on a higher dividend rate. Part of that required me to pay a small penalty. Had I known I'd be returning these coins less than 1 month later, I never would have taken them in the first place. To date, just over 40% of my obligation to INAU has been retired. I'm working as quickly as possible to retire the rest.
Here, I'll quote the relevant post for you:
Dust is still right that the contract stated no term. To quote another relevant post:
The rest of the payment should arrive sometime next week.
But it didn't. First the buy-back would be within a week, then it became two seperate payouts divided over two weeks, and now it already has become 4 different payouts which will take 6 weeks. So what terms in the contract prevents him from introducing another delay after that? Dust is completely right.
I really lost my confidence in GIPPT. I know DeadTerra can't be blamed that INAU refuses to pay his debt, but I thought that imsaguy being the escrow would protect us from such a scenario.
At first there would be 5000 in escrow, then after I bought the bonds pre-IPO, it was changed to 3750 in escrow, and now it turns out there is much less than that available, because the backing with imsaguy was used to back other bonds/insurances at the same time. We were never informed of that, and imsaguy never kept his promise to announce the withdrawal request.
I know DeadTerra tries hard to get our money back, and I still have trust that he will, nonetheless I will never invest in one of his IPO's again.
3750 was with IMSAguy while about 5-6k was with HK, this was enough to cover his backing with us as well as his other contracts, it's not a matter of that he can't pay back because he doesn't have the capital it's simply a liquidity issue causing this delays.
I am sad to hear that, I am doing all in my power to get this payback fast and smooth, but as one that has had a look at the market recently will know, there's tons of fear and panic in the market which is making liquidating even harder then it usually is. IMSAguy and HK are running long term investment plans, and I am pretty sure they didn't plan for Pirate to default so soon, but unfortunate he did and this has left us with this mess
Sorry if I let you down.
//DeaDTerra
Here, I'll quote the relevant post for you:
Dust is still right that the contract stated no term. To quote another relevant post:
The rest of the payment should arrive sometime next week.
But it didn't. First the buy-back would be within a week, then it became two seperate payouts divided over two weeks, and now it already has become 4 different payouts which will take 6 weeks. So what terms in the contract prevents him from introducing another delay after that? Dust is completely right.
I really lost my confidence in GIPPT. I know DeadTerra can't be blamed that INAU refuses to pay his debt, but I thought that imsaguy being the escrow would protect us from such a scenario.
At first there would be 5000 in escrow, then after I bought the bonds pre-IPO, it was changed to 3750 in escrow, and now it turns out there is much less than that available, because the backing with imsaguy was used to back other bonds/insurances at the same time. We were never informed of that, and imsaguy never kept his promise to announce the withdrawal request.
I know DeadTerra tries hard to get our money back, and I still have trust that he will, nonetheless I will never invest in one of his IPO's again.
I suppose the contract never states when the insurance money has to be paid out. The issuers can just sit around and buy back bonds at less than their face value from investors wanting to get out.
What a joke.
What a joke.
Here, I'll quote the relevant post for you:
Update.
The depositors will return the backings on the 9th of September and the 28th of September respectively after these two payment all of the GIPPT shares will have been paid back 1 BTC.
How much we will receive during each payback I do not know yet.
//DeaDTerra
The depositors will return the backings on the 9th of September and the 28th of September respectively after these two payment all of the GIPPT shares will have been paid back 1 BTC.
How much we will receive during each payback I do not know yet.
//DeaDTerra
I suppose the contract never states when the insurance money has to be paid out. The issuers can just sit around and buy back bonds at less than their face value from investors wanting to get out.
What a joke.
What a joke.
105 BTC has been paid out, as INAU managed to liquidate some more Capital
39.1% has been paid back so far.
//DeaDTerra
39.1% has been paid back so far.
//DeaDTerra
I'd just like to post here that I'm working with JD to return the deposit. This whole pirate mess seems to be causing liquidity issues everywhere, even with things not directly tied to pirate. Please be patient with him, as its me who is holding things up a bit.
Just checking before my clicky finger went crazy lol
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