Topic: [HAVELOCK] [XBOND] - page 7. (Read 21733 times)
WAHOO! I got some!
Aaaaaand
ITS GONE!
ITS GONE!
I considered saying "will not" to be more specific, so you are correct, I will not generate custom reports for you on demand.
We have been very thorough in our description, and if you feel the commitments being offered are not sufficient to balance your risk tolerance, I suggest you do not buy any XBONDs.
No other bitcoin bond issuer offers the level of transparency we are offering combined with features like we are offering (other than maybe Deprived, who keeps things pretty transparent through his fund-issued bonds, but does not offer exchanges).
We have been very thorough in our description, and if you feel the commitments being offered are not sufficient to balance your risk tolerance, I suggest you do not buy any XBONDs.
No other bitcoin bond issuer offers the level of transparency we are offering combined with features like we are offering (other than maybe Deprived, who keeps things pretty transparent through his fund-issued bonds, but does not offer exchanges).
I'll just wait for the Indexes and Futures offerings when they come about. Best of luck to you.
Cheers!
Regardless of the amount raised, we already have new offerings in the works. I cannot disclose specifically what they are yet, but consider that in the past 3 months we have issued 4 AM PTs, 3 SMG PTs, 1 PMB, and this bond. We will only issue PTs of stocks we would consider holding ourselves, but surely you will see more. We are also working with a handful of companies that will IPO when the time is right. We are working on other offerings related to Futures, Indexes, etc.
1st, thank you for your reply. I do think Futures and Indexes would be a positive addition to the marketplace.
- Could you please list here all of your previous BTC-denominated offerings, which exchange they were on, their peak market caps, and their current value?
What about this famous diplomacy of yours? I am not trying to be unreasonable, if you were applying for a loan, I expect the lenders would want this information. In fact, bond purchasers are the lenders, and I therefore expect you to provide this information before I purchase XBOND.
I considered saying "will not" to be more specific, so you are correct, I will not generate custom reports for you on demand.
We have been very thorough in our description, and if you feel the commitments being offered are not sufficient to balance your risk tolerance, I suggest you do not buy any XBONDs.
No other bitcoin bond issuer offers the level of transparency we are offering combined with features like we are offering (other than maybe Deprived, who keeps things pretty transparent through his fund-issued bonds, but does not offer exchanges).
Regardless of the amount raised, we already have new offerings in the works. I cannot disclose specifically what they are yet, but consider that in the past 3 months we have issued 4 AM PTs, 3 SMG PTs, 1 PMB, and this bond. We will only issue PTs of stocks we would consider holding ourselves, but surely you will see more. We are also working with a handful of companies that will IPO when the time is right. We are working on other offerings related to Futures, Indexes, etc.
1st, thank you for your reply. I do think Futures and Indexes would be a positive addition to the marketplace.
- Could you please list here all of your previous BTC-denominated offerings, which exchange they were on, their peak market caps, and their current value?
What about this famous diplomacy of yours? I am not trying to be unreasonable, if you were applying for a loan, I expect the lenders would want this information. In fact, bond purchasers are the lenders, and I therefore expect you to provide this information before I purchase XBOND.
- If you are able to raise the 2,000BTC, what new offerings do you have planned?
Regardless of the amount raised, we already have new offerings in the works. I cannot disclose specifically what they are yet, but consider that in the past 3 months we have issued 4 AM PTs, 3 SMG PTs, 1 PMB, and this bond. We will only issue PTs of stocks we would consider holding ourselves, but surely you will see more. We are also working with a handful of companies that will IPO when the time is right. We are working on other offerings related to Futures, Indexes, etc.
- Could you please list here all of your previous BTC-denominated offerings, which exchange they were on, their peak market caps, and their current value?
- Also, it appears you plan to diversify your current offerings of ASICMINER pass-throughs:
- Is this true?
- Will you be exercising more neutrality and restraint on this board and on irc?
Yes, we are diversifying outside of AM-related offerings, it simply makes sense. I am more neutral about AM than you think, you probably just don't feel so because I am anti-something-you-support. I am human, and if you ever have a reasonable problem with comments I make, feel free to contact me and put me in check. Otherwise, I think most people find that I try to be both diplomatic and a purveyor of progress.
- As an ASICMINER board member, do you plan offerings which are directly competitive to ASICMINER (ASIC Hardware Sales or Mining)?
TAT Investments will consider offering anything worthy, regardless of its being in competition with ASICMINER. [/list]
- If you are able to raise the 2,000BTC, what new offerings do you have planned?
- Could you please list here all of your previous BTC-denominated offerings, which exchange they were on, their peak market caps, and their current value?
- Also, it appears you plan to diversify your current offerings of ASICMINER pass-throughs:
- Is this true?
- Will you be exercising more neutrality and restraint on this board and on irc?
- As an ASICMINER board member, do you plan offerings which are directly competitive to ASICMINER (ASIC Hardware Sales or Mining)?
I'm going to have to agree with Tradefortress on this one. While it may be a "different monster", the bottom line is that there are better deals out there that pay back 100% of the initial investment, at any time.
Tradefortress's coinlenders pays 25% APY, BTC-EQTY bonds pay some 22% with interest upfront. etc etc.
Tradefortress's coinlenders pays 25% APY, BTC-EQTY bonds pay some 22% with interest upfront. etc etc.
That may be true, but you're not taking into account intangible gains from trading in the bonds for shares in IPOs. If you swap out for a bunch of new shares, and suddenly those shares go up in price over a months time, then the gains could be substantially more than "25% APY", etc. That said, the opposite could always happen as well...
I'm going to have to agree with Tradefortress on this one. While it may be a "different monster", the bottom line is that there are better deals out there that pay back 100% of the initial investment, at any time.
Tradefortress's coinlenders pays 25% APY, BTC-EQTY bonds pay some 22% with interest upfront. etc etc.
Tradefortress's coinlenders pays 25% APY, BTC-EQTY bonds pay some 22% with interest upfront. etc etc.
The first tranche will be released for sale Friday, August 2nd, at 1PM EST (5PM GMT).
So why not just launch on BTC-TC and BitFunder right away? You're not gaining anything by waiting for the Havelock tranche to finish?
If it sells out on Havelock, I won't be in any rush to open it elsewhere. Just taking it one step at a time.
The first tranche will be released for sale Friday, August 2nd, at 1PM EST (5PM GMT).
So why not just launch on BTC-TC and BitFunder right away? You're not gaining anything by waiting for the Havelock tranche to finish?
This looks very competitive compared with the other bonds out there, I like it. Along with the high rate (for a bond) and daily payout, the exchangeability is a nice feature and makes me curious to see the future IPOs from TATI. This is an interesting offering and looks like a good choice for diversification.
The first tranche will be released for sale Friday, August 2nd, at 1PM EST (5PM GMT).
One thing I don't understand (because I am slow to understand these things) is why is something like this listed on an exchange? If the face-value is fixed, why would anyone buy or sell at a price that is not the face-value?
Supply and demand. It works the same on the sell side. If you're in a hurry to sell you might have to sell below NAV. If you're in a hurry to buy, i'm sure someone will sell to you, the only question is at what price.
One thing I don't understand (because I am slow to understand these things) is why is something like this listed on an exchange? If the face-value is fixed, why would anyone buy or sell at a price that is not the face-value?
Several reasons:
1. Emergency liquidity - If you need to sell your bonds for whatever reason, there may be buyers on the market that can provide faster, "cheaper" liquidity at any given moment.
2. Speculation - it is entirely possible for this bond to trade above its face value, because it also provides intangible value with its access to Pre-IPO purchases.
3. Facilitation - The host exchange provides all of the tools needed to manage the bondholders and interacting with them.
One thing I don't understand (because I am slow to understand these things) is why is something like this listed on an exchange? If the face-value is fixed, why would anyone buy or sell at a price that is not the face-value?
Ahh, so this is a fixed face value bond which is backed by mining assets.
Thank you :>
Thank you :>
It is backed by the equity of TAT Investments in general. This may include any bitcoin value we hold, as long it is unencumbered, and greater than what we have committed to backing. ASICMINER is the easiest example because it is familiar and high-value. You may see the backing pool change report to report, as we are heavy traders and our portfolio is always changing.
Plus, this is an effort to introduce new releases, which may help bitcoin investing be more than "who is the next ASICMINER!!!?"
Ahh, so this is a fixed face value bond which is backed by mining assets.
Thank you :>
Thank you :>
Some questions.
1) please outline the meaning of the word "reserve" in the following passage:
"TAT investments will always reserve a portion of it's bitcoin-denominated holdings... with a market value that is greater than 100% of the face value of our issued debt".
My question revolves around the use of the word reserve without specifying precisely why these funds are reserved. I assume you mean reserve with the intent of consisting of the assets representing the debt or holdings from which the bond will be repaid under a call or redemption order. Or do you mean reserve in the sense that if there is trouble with the actual holdings, said funds will be used as "insurance" for bondholders?
1) please outline the meaning of the word "reserve" in the following passage:
"TAT investments will always reserve a portion of it's bitcoin-denominated holdings... with a market value that is greater than 100% of the face value of our issued debt".
My question revolves around the use of the word reserve without specifying precisely why these funds are reserved. I assume you mean reserve with the intent of consisting of the assets representing the debt or holdings from which the bond will be repaid under a call or redemption order. Or do you mean reserve in the sense that if there is trouble with the actual holdings, said funds will be used as "insurance" for bondholders?
The backing represents unencumbered assets that are used as backing. This is to establish that we have assets that could be sold in order to pay for bonds if/when needed. These could be used to fund redemptions, but are not necessarily intended to allow for extremely liquid redemption ability. This is why we have set turnaround timelines for bitcoin value redemptions.
2) "Backing equity will be held in publicly verifiable accounts, and a quarterly transparency report will be provided to detail all backing assets. TAT Investments may use bitcoins or any publicly traded bitcoin security assets as backing."
I believe this identifies the source of the assets backing these bonds as holdings owned by TAT investments, and not owned by any security TAT investments operates. Just asking.
Any related assets will also be clarified. For example, we have X ASICMINER whole shares, with -Y encumbered by PTs, and -Z encumbered by TAT.VM. I believe this identifies the source of the assets backing these bonds as holdings owned by TAT investments, and not owned by any security TAT investments operates. Just asking.
X -Y -Z = The amount of ASICMINER shares we could use as backing.
Most of this is actually publicly verifiable already.
3) if the value of these holdings falls below 100% of the face value of the issued debt, will TAT investments contribute more assets and holdings to ensure the bond's backing, or will this imply a default on the debt?
Yes, every quarterly report will show that the 100% is current. Even if the backing temporarily falls below 100% for some reason on a given day, it would not imply default. We hold well over the 100% to cover what is required for backing 2000btc in bonds. Backing
TAT Investments will always reserve a portion of its bitcoin-denominated holdings with a market value that is greater than 100% of the face value of our issued debt in bonds
0.01444
Backing equity will be held in publicly verifiable accounts, and a quarterly transparency report will be provided to detail all backing assets. TAT Investments may use bitcoins or any publicly traded bitcoin security assets as backing.
Disclaimer & Risks
...
Losses caused by default/theft within the host exchange may affect the putability and/or the degree of backing representing this security.
TAT Investments will always reserve a portion of its bitcoin-denominated holdings with a market value that is greater than 100% of the face value of our issued debt in bonds
0.01444
Backing equity will be held in publicly verifiable accounts, and a quarterly transparency report will be provided to detail all backing assets. TAT Investments may use bitcoins or any publicly traded bitcoin security assets as backing.
Disclaimer & Risks
...
Losses caused by default/theft within the host exchange may affect the putability and/or the degree of backing representing this security.
Some questions. One; please outline the meaning of the word "reserve" in the following passage:
"TAT investments will always reserve a portion of it's bitcoin-denominated holdings... with a market value that is greater than 100% of the face value of our issued debt".
My question revolves around the use of the word reserve without specifying precisely why these funds are reserved. I assume you mean reserve with the intent of consisting of the assets representing the debt or holdings from which the bond will be repaid under a call or redemption order. Or do you mean reserve in the sense that if there is trouble with the actual holdings, said funds will be used as "insurance" for bondholders?
The next issue; you state "Backing equity will be held in publicly verifiable accounts, and a quarterly transparency report will be provided to detail all backing assets. TAT Investments may use bitcoins or any publicly traded bitcoin security assets as backing." I believe this identifies the source of the assets backing these bonds as holdings owned by TAT investments, and not owned by any security TAT investments operates. Just asking.
Third and final issue; if the value of these holdings falls below 100% of the face value of the issued debt, will TAT investments contribute more assets and holdings to ensure the bond's backing, or will this imply a default on the debt? This question revolves around the meaning of default, do you mean the default of a security or the default of an exchange?
Thanks in advance!
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