Topic: [GLBSE] MPOE ETF - September Financial Report Available - page 4. (Read 14729 times)
Earlier we were discussing the possibility of new bylaws whereby shareholders would be allowed to decide the amount of capital raised to be put toward MPOE public offerings -and, de facto decide the amount of capital held for later offerings or secondary market acquisitions-. Were there any shareholders or potential shareholders who would like to continue this discussion?
Quote
So, unfortunately, the characters "ETF" must stay in both of those. I would like to point out that, in neither, does it actually use the words "exchange traded fund".
Seems like a minor issue in any case. It's a fund, it's traded on the exchange, that's that. Not the first semantic innovation to follow in the wake of bitcoin revolution.I am in no way discrediting your service. I am just pointing out that calling it an "ETF" is like calling aluminum "silver" :-D
Thank you
Quote
So, unfortunately, the characters "ETF" must stay in both of those. I would like to point out that, in neither, does it actually use the words "exchange traded fund".
Seems like a minor issue in any case. It's a fund, it's traded on the exchange, that's that. Not the first semantic innovation to follow in the wake of bitcoin revolution.I am in no way discrediting your service. I am just pointing out that calling it an "ETF" is like calling aluminum "silver" :-D
Quote
So, unfortunately, the characters "ETF" must stay in both of those. I would like to point out that, in neither, does it actually use the words "exchange traded fund".
Seems like a minor issue in any case. It's a fund, it's traded on the exchange, that's that. Not the first semantic innovation to follow in the wake of bitcoin revolution. Hi,
I am by no means trying to hijack, I just wanted to point out that I wrote a short bit about ETFs and would like to invite you to read it and maybe chime in: https://bitcointalk.org/index.php?topic=68365.0
It seems that this is not an ETF, it's more like a bond?
Clearly, by your explanation, this is not an ETF.I am by no means trying to hijack, I just wanted to point out that I wrote a short bit about ETFs and would like to invite you to read it and maybe chime in: https://bitcointalk.org/index.php?topic=68365.0
It seems that this is not an ETF, it's more like a bond?
Quote from: 2weiX
So it's more of an SPV (special purpose vehicle).
I wonder why you don't consider it, simply, a fundEDIT: In any case, for the sake of transparency, there is no mechanism whereby I can change the ticker name or the text of the contract. So, unfortunately, the characters "ETF" must stay in both of those. I would like to point out that, in neither, does it actually use the words "exchange traded fund".
From what I understand it raises capital (like a fund) to buy stocks (like a fund).
mise well be, the mechanisms to issue more shares and rise capital are not the ones of an ETF in and by itself.
So it's more of an SPV (special purpose vehicle).
as an ETF-trader I cannot try NOT to nitpick in this regard, as the term ETF has some defining qualities to it that this product simply doesn't fulfill.
From what I understand it raises capital (like a fund) to buy stocks (like a fund).
Why does it seem it is "like a bond"?
because its sole reason to exist is to raise money for another project, which isn't usually (at all) an ETFs directive. also, it aggregates some money (unlike bonds) but also pays dividends (interest), much like bonds.
Why does it seem it is "like a bond"?
Hi,
I am by no means trying to hijack, I just wanted to point out that I wrote a short bit about ETFs and would like to invite you to read it and maybe chime in: https://bitcointalksearch.org/topic/a-guide-to-glbse-etfs-68365
It seems that this is not an ETF, it's more like a bond?
I am by no means trying to hijack, I just wanted to point out that I wrote a short bit about ETFs and would like to invite you to read it and maybe chime in: https://bitcointalksearch.org/topic/a-guide-to-glbse-etfs-68365
It seems that this is not an ETF, it's more like a bond?
The fund has so far sold 287 shares raising 28.7 BTC.
The fund has so far sold 237 shares raising 23.7 BTC.
Issue has been resolved, asset is trading again.
smickles account and asset were temporarily frozen, what looked like suspicious activity to me was mainly due to me not knowing the network of trust that smickles belonged to.
His OTC rating is available here:
http://bitcoin-otc.com/viewratingdetail.php?nick=smickles
Nefario.
Yes, indeed, all seems back to normal. smickles account and asset were temporarily frozen, what looked like suspicious activity to me was mainly due to me not knowing the network of trust that smickles belonged to.
His OTC rating is available here:
http://bitcoin-otc.com/viewratingdetail.php?nick=smickles
Nefario.
Issue has been resolved, asset is trading again.
smickles account and asset were temporarily frozen, what looked like suspicious activity to me was mainly due to me not knowing the network of trust that smickles belonged to.
His OTC rating is available here:
http://bitcoin-otc.com/viewratingdetail.php?nick=smickles
Nefario.
smickles account and asset were temporarily frozen, what looked like suspicious activity to me was mainly due to me not knowing the network of trust that smickles belonged to.
His OTC rating is available here:
http://bitcoin-otc.com/viewratingdetail.php?nick=smickles
Nefario.
If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
GLBSE says that the asset has been frozen, and I can't find the asset contract. Is it because the bylaws are being modified? Sorry, I don't know how it works so I had to ask.
https://bitcointalksearch.org/topic/resolved-68039 is a link to the email from nefario.
I am still trying to resolve this issue.
Quote
If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
Maybe a good idea is to hold a shareholder vote in the IPO week, decide how much capital to put in that way. If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
GLBSE says that the asset has been frozen, and I can't find the asset contract. Is it because the bylaws are being modified? Sorry, I don't know how it works so I had to ask.
If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
GLBSE says that the asset has been frozen, and I can't find the asset contract. Is it because the bylaws are being modified? Sorry, I don't know how it works so I had to ask.
If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
GLBSE says that the asset has been frozen, and I can't find the asset contract. Is it because the bylaws are being modified? Sorry, I don't know how it works so I had to ask.
Will all IPO funds in each round be used in full for each round of the MPOE public offering or will you monitor funds already sent to the PO and do your own valuation? MP himself said he thought the first round IPO of MPOE was overbought. If you get 100 BTC by April, will you send the lot for even more overvalued MPOE shares?
My intention was to hold an amount of capital raised for a variety of reasons, one of which would be to ensure avoidance of purchasing overpriced stock via public offerings. As mentioned earlier, the fund may want to take advantage of under-priced stock on the secondary market, and, in order to successfully attain said stock, there would need to be BTC on hand.If knowledge of the amount of BTC held for these -or other- purposes is a concern, bylaws can be written to explicitly state the percentage, or sum, of BTC held.
If the general concept of this is a concern, even thought shares do not technically convey voting rights, bylaws can be written to allow for a shareholder decision of the amount of funds to be held in this manner if any at all.
Jump to: