Topic: [GLBSE] ZipConf bond (Read 8545 times)
down the drain... again
JRO posted update https://bitcointalksearch.org/topic/rebate-zipa-alberto-bdt-101098
Edit: I found an unlocked thread here: https://bitcointalksearch.org/topic/jonathan-ryan-owens-locked-rebate-zipa-alberto-bdt-thread-101109
Edit: I found an unlocked thread here: https://bitcointalksearch.org/topic/jonathan-ryan-owens-locked-rebate-zipa-alberto-bdt-thread-101109
yay
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Its also called a ponzi scam if he paid dividends from new investments.
If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid.
I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors.
You could probably pay dividends for some time from the IPO funds.
I spoke to him today on the phone.
He said he would be commenting on this thread tomorrow (he was going to bed at the time) and does plan to updat everyone as to ZipConf's current situation, and the return of funds if any.
He also stated that he would be matching bitdaytrades payment of 1000BTC for the REBATE asset, and would be commenting on that thread as well.
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Its also called a ponzi scam if he paid dividends from new investments.
If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid.
I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors.
You could probably pay dividends for some time from the IPO funds.
JRO has been online on August 14. He replied to a message to someone?
I got a message on the 12th where he explained the situation and that he was working on raising capital. But I never got the chance to talk to him and since then I have been unable to contact him :8//DeaDTerra
JRO has been online on August 14. He replied to a message to someone?
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Its also called a ponzi scam if he paid dividends from new investments.
If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid.
I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors.
Maybe he was arrested for a crime he did not commit ..
I think drugs are more likely. You can get arrested just as easily, even though it isn't a real crime 
ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.
Any chance that any funds from ZIP.A will be recovered and returned to investors?
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Its also called a ponzi scam if he paid dividends from new investments.
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Could possibly be breaches of fiduciary duties and embezzlement.
Any chance that any funds from ZIP.A will be recovere and returned to investors?
If we can get JRO to return the funds for ZIP.A then yes, if not then no.
Ok, thanks! Hope it all works out.
ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.
Any chance that any funds from ZIP.A will be recovered and returned to investors?
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
If we can get JRO to return the funds for ZIP.A then yes, if not then no.
ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.
Any chance that any funds from ZIP.A will be recovered and returned to investors?
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price.
So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares).
So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares).
At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.
Regarding buy-back, the contract states that
The Issuer has the right to buy back, at any time, all bonds issued for twice the price of the previous 120 hour average market price.
As shares have been traded for around 0.5 BTC for some time, I guess buy back should be at around 1 BTC then. That would, however, be the best possible scenario. We'll probably get less than that, if anything.
Thanks, I hadn't seen that.
So from what I gather the issuer just left all his BTC-businesses behind?
Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave?
Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow.
I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it.
So from what I gather the issuer just left all his BTC-businesses behind?
Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave?
Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow.
I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it.
Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price.
So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares).
Read this. The other asset issued by these people has also stopped paying dividends.
https://bitcointalksearch.org/topic/m.1087868
https://bitcointalksearch.org/topic/m.1087868
Thanks, I hadn't seen that.
So from what I gather the issuer just left all his BTC-businesses behind?
Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave?
Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow.
I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it.
The issuer contacted and trading of this asset has been frozen until further notice.
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer JRO, Jonathan Ryan Owens.
Nefario
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer JRO, Jonathan Ryan Owens.
Nefario
Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly.
Read this. The other asset issued by these people has also stopped paying dividends.
https://bitcointalksearch.org/topic/m.1087868
Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly.
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