[GLBSE] V.HRL Vendor's High Risk Loan up to 3% interest weekly - page 5.

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: vendor on August 16, 2012, 12:16:05 PM

Quote from: ?? on ??

Quote from: vendor on August 15, 2012, 04:41:07 AM

This is a High Risk Loan with a face value of 1 BTC. Each bond will pay 0.03 BTC on every Wednesday.

The nature of the recipient of the loan will not be discussed.

This loan is not guaranteed and is provided on a best effort basis.

The issuer reserves the right to repurchase the bond at any time at a price equal to 1.05 times the 5 day average trading price on GLBSE.

Additional bonds may be issued at 1 BTC face value price.

IMO this probably won't be allowed to list as-is, I sent you a PM regarding this.

Thanks for your kind advice usagi. You know how to deal with newcomers, I guess. I do not have to feel guilty just because I am new here and trying to launch a security.

It is not because you are new. If the oldest person here listed those details we would rip them too.

vendor

member

Activity: 66

Merit: 10

Quote from: ?? on ??

Quote from: vendor on August 15, 2012, 04:41:07 AM

This is a High Risk Loan with a face value of 1 BTC. Each bond will pay 0.03 BTC on every Wednesday.

The nature of the recipient of the loan will not be discussed.

This loan is not guaranteed and is provided on a best effort basis.

The issuer reserves the right to repurchase the bond at any time at a price equal to 1.05 times the 5 day average trading price on GLBSE.

Additional bonds may be issued at 1 BTC face value price.

IMO this probably won't be allowed to list as-is, I sent you a PM regarding this.

Thanks for your kind advice usagi. You know how to deal with newcomers, I guess. I do not have to feel guilty just because I am new here and trying to launch a security.

vendor

member

Activity: 66

Merit: 10

Quote from: Rockefoten on August 15, 2012, 03:29:01 PM

Quote from: vendor on August 15, 2012, 07:33:30 AM

I agree with you. This won't be my first bussiness as a newcomer and I learned that the first steps always the hardest to make. Without those first steps I ain't get nowhere. I hope there will be some people who willing to take the risk whit a couple of coins just to try it out, so my reputation can build up slowly. Let see. Only time will tell.

I'd say a good first step would be to at least disclose something about what you're intending to use the btc for. At the very, very least you should present some very, very good reasons for keeping this a secret. I have trouble understanding all this need for secrecy that some of the GLBSE issuers have.

And of course, you should answer the mandatory question: Will any of the funds received be lent to pirate or invested in a pass-through (and if so, then how much)?

I tell you as it is right now. I have a portfolio on GLBSE which incudes 20 percent pirate related security from various issuers. Most of the paper I invest has a higher return then 3% weekly so it is considered high risk. Some examples: FPGAMINING, OBSI:HRPT, BDT, TEEK:B, JTME, UDN ect... Also some of them do not disclose what they are into just paying the dividents regulary. I am doing it since few months and everythig is working out nicely so far. My investment is High Risk because I am dealing with high risk securities, the GLBSE could be hacked or I could hacked even if I try to make sure it wont happen to me.
I hope that will give you some ideas. But you must take that into account that my security will not be insured when you willing to put some money to it. Those who can accept it will invest, those who not wont. It is always your decision.

Edit: pirate is off the basket now.

Rockefoten

full member

Activity: 134

Merit: 100

Quote from: vendor on August 15, 2012, 07:33:30 AM

I agree with you. This won't be my first bussiness as a newcomer and I learned that the first steps always the hardest to make. Without those first steps I ain't get nowhere. I hope there will be some people who willing to take the risk whit a couple of coins just to try it out, so my reputation can build up slowly. Let see. Only time will tell.

I'd say a good first step would be to at least disclose something about what you're intending to use the btc for. At the very, very least you should present some very, very good reasons for keeping this a secret. I have trouble understanding all this need for secrecy that some of the GLBSE issuers have.

And of course, you should answer the mandatory question: Will any of the funds received be lent to pirate or invested in a pass-through (and if so, then how much)?

BitcoinINV

sr. member

Activity: 448

Merit: 250

Quote from: vendor on August 15, 2012, 02:05:37 PM

Quote from: wallet.dat on August 15, 2012, 01:48:03 PM

I'm not quite sure what you bring to the table, given that there are securities that are insured and offer a better return.

May be you are right and people will have no interest on this bond. I would like to give some time for this project before I consider it dead. It is not even born yet. I will call it a success if few hundred bonds are sold. That would give me some room to develop my bussiness. So let me have a few month to see how things will work out. If I cant sell that much then I will have to figure out a better strategy to encourage lenders to invest in me.

I ran into the same problem when I said I was going to release my business. I had to show my I.D. and do other things for other users to prove my identity, They want to see your not going to run off with there bitcoins. You need to make some sort of effort to gain trust on here or you will have a hell of a hard time. Post some pictures of you with your I.D. and todays paper or somthing

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: vendor on August 15, 2012, 02:05:37 PM

Quote from: wallet.dat on August 15, 2012, 01:48:03 PM

I'm not quite sure what you bring to the table, given that there are securities that are insured and offer a better return.

May be you are right and people will have no interest on this bond. I would like to give some time for this project before I consider it dead. It is not even born yet. I will call it a success if few hundred bonds are sold. That would give me some room to develop my bussiness. So let me have a few month to see how things will work out. If I cant sell that much then I will have to figure out a better strategy to encourage lenders to invest in me.

What sort of business would that be? Do you have any experience starting a business?

This issue raises every single red flag I can think of: Unknown issuer, no rep, new to forum, no backing, no details about business, strangely high expected rate of return, strangely high asking amount.

I would not be suprised to see you sell a couple bonds, there are people here who throw money at everything to see what sticks, but I would be suprised if you sell even 10 btc worth.

vendor

member

Activity: 66

Merit: 10

Quote from: wallet.dat on August 15, 2012, 01:48:03 PM

I'm not quite sure what you bring to the table, given that there are securities that are insured and offer a better return.

May be you are right and people will have no interest on this bond. I would like to give some time for this project before I consider it dead. It is not even born yet. I will call it a success if few hundred bonds are sold. That would give me some room to develop my bussiness. So let me have a few month to see how things will work out. If I cant sell that much then I will have to figure out a better strategy to encourage lenders to invest in me.

wallet.dat

sr. member

Activity: 253

Merit: 250

I'm not quite sure what you bring to the table, given that there are securities that are insured and offer a better return.

vendor

member

Activity: 66

Merit: 10

Quote from: Francesco on August 15, 2012, 12:50:52 PM

Why should I try knowing nothing at all, when I can have better? If I absolutely feel like throwing money at a black spot on the GLBSE, I have TEEK or OBSI offering more or less the same; and at least they have some reputation.
How about starting building trust with some fund we actually have some reason to trust?

You should not! This will be one security out of many, so everyone has a choice. I know it will take some time till the community will accept my presence but I am not in a hurry. The first lender will show up after some time and then my reputattion will build up slowly. I do not know how the others started their career on glbse but I guess not all of them came with good reputation by default. It is hard to get trusted but one must start somewhere.
I came to know bitcoin not so long ago and found it very promissing. I am planing to set up a mining company also, and ordered some BFL SC. I do not want to invest in FPGA when ASIC time is so soon. The mining company may be easier to trust for those who would like to avoid high risk, but that is a couple of month away yet.
Sorry for my poor English but it isn't my first language. I always get told off because of it.

Francesco

sr. member

Activity: 252

Merit: 250

Why should I try knowing nothing at all, when I can have better? If I absolutely feel like throwing money at a black spot on the GLBSE, I have TEEK or OBSI offering more or less the same; and at least they have some reputation.
How about starting building trust with some fund we actually have some reason to trust?

bitcoinbear

hero member

Activity: 518

Merit: 500

How about instead of trying to get a loan on GLBSE you try to just ask for a loan in the lending section of the forum?

vendor

member

Activity: 66

Merit: 10

Quote from: Bitcoin Oz on August 15, 2012, 05:30:39 AM

I think you need more reputation before people will loan you money. Especially if you dont supply ID.

I agree with you. This won't be my first bussiness as a newcomer and I learned that the first steps always the hardest to make. Without those first steps I ain't get nowhere. I hope there will be some people who willing to take the risk whit a couple of coins just to try it out, so my reputation can build up slowly. Let see. Only time will tell.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

I think you need more reputation before people will loan you money. Especially if you dont supply ID.

vendor

member

Activity: 66

Merit: 10

Portfolio:

Code:

Outstanding Bonds:277    Last updated:2012-09-26

Asset         Quantity       5Day Avg        NAV       Percentage      Dividend/Share      Weekly Dividend

OBSI.HRPT       900           0.02          18.0        14.76%         0.00000             0.00
FPGAMINING       86           0.428         36.80       30.18%         0.004               0.344
BDT               1           0.0            0.0         0.00%         0.00                0.00
FDBF             73           0.149         10.877       8.91%         0.00153             0.112
NYAN.B           51           0.387         19.737      16.18%         0.02                1.02
JTME             10           0.675          6.75        5.53%         0.00918             0.0918
NYAN.C           51           0.14           7.14        5.85%         0.0009              0.20459
KRAKEN           40           0.008          0.32        0.26%         0.000042            0.00168
TEEK.B           11           0.396          4.356       3.57%         0.005               0.055
NYAN              1           0.647          0.647       0.53%         0.00395             0.00395
HYDRO.BONDS      11           1.392         15.31       12.55%         0.0246              0.27
SS               70           0.013          0.91        0.74%         0.000135            0.00218
BITNODES          4           0.271          1.084       0.89%         0.00259             0.01038 
                                 Total NAV:121.941                              Total PID*:1.957

NAV/Bond:    0.441
PID*/Share:  0.007
POD**/Share: 0.002

*Projected Incoming Dividend
** Projected Outgoing Dividend

vendor

member

Activity: 66

Merit: 10

DIVIDEND HISTORY

Date Outstanding Bond Dividend/bond NAV/bond

2012-08-29 45 0.03 0.979
2012-09-05 163 0.03 0.995
2012-09-12 277 0.024 0.966
2012-09-19 277 0.01 0.902
2012-09-26 277 0.004 0.734
2012-10-03 277 0.002 0.441

vendor

member

Activity: 66

Merit: 10

This is a High Risk Loan with a face value of 1 BTC. Each bond will pay up to 0.03 BTC on every Wednesday.
The nature of the recipient of the loan will not be discussed.
This loan is not guaranteed and is provided on a best effort basis.
The issuer reserves the right to repurchase the bond at any time at a price equal to 1.05 times the 5 day average trading price on GLBSE.
Additional bonds may be issued at 1 BTC face value price.

Regarding to my operation at V.HRL: I will invest in high risk but high return securities to maintain the income above 3%. I am also planing to keep the NAV above 1.0 per bond. You will find it right below the OP accompanied with the dividend history.

Dividend history: https://bitcointalksearch.org/topic/m.1101208
Portfolio: https://bitcointalksearch.org/topic/m.1101210

I will try to keep the income above 3%. The first 8 weeks all the profit will be used for purchases to maintain a healthy NAV. I will diversify the portfolio in case any of the holding will fall , we should not fall with it. In this case the weekly dividend could drop below 3%. If it does I will keep 0.25%-0.5% depends on the situation. In the other hand, if it performs well I will use part of my profit for extra purchases for the sake of security. Mostly it will happen at early stages.

My consideration to investment opportunities in more details: https://bitcointalksearch.org/topic/m.1144276

Update!

500 bond issued.
https://glbse.com/asset/view/V.HRL

Topic: [GLBSE] V.HRL Vendor's High Risk Loan up to 3% interest weekly - page 5. (Read 9001 times)