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Topic: Jtme - page 2. (Read 12323 times)

full member
Activity: 206
Merit: 100
September 07, 2012, 08:44:31 PM
#28

It will be a partial Pirate pass thru at full rate.  Half of the interest kept by the company, half to the shareholders.  If Pirate defaults only some of the funds will be at risk.  (If Pirate defaults before 7/23, everything to that point will likely be lost, the risk IMO of a default in the next 2-3 months is very low).

This alone should scare you away.

Best of luck with your endeavor!

sr. member
Activity: 252
Merit: 250
September 07, 2012, 05:16:18 PM
#27
Welcome new investors! Wink

Huh
https://glbse.com/api/quantity_trading/JTME
still 542

Silverbox - I really enjoy the effort you put into this project, and you are of course entitled to your 25% cut, but:
The ratio of 600 paid owner shares vs. 542 public shares is quite unfair!
This will most likely ensure that the other 4,708 public shares will never be sold!

I urge you to limit your payout to 25% of public sold shares for future dividend payments.

Also this lead me to ask myself, what would be in the event of liquidation:
Your 1,750 shares vs. our 542 shares would mean that we'd only get about 0.20 BTC if you were able to get good prices for the Hardware.

Please give some transparency about the future development, so the remaining shares will find their new owners soon!  Wink

Kind regards

MoinCoin


I'm actually losing money at this point, even with taking profit on 600 shares.  I had 3 gh operating that I put into the company when it was founded.  I made ZERO BTC mining for 2 months on that gear.  Now we are operating at 6.5 Gh/s and I'm taking approximately half of the profits, which is what I would have had if I had never started the company, and I would have the last 2 months of mining profits.  Apparently you think its unfair for me to lose money and donate all my time to run the company..

I think a 1% rate of return with a large amount of ASIC gear in the pipeline (which when it arrives will earn us far more then 1% a week) and owning all the equipment is a GREAT deal for the investors, if you don't, your welcome to sell your shares.

If we had all our ASIC gear today, and difficulty was double what it is today.  We would be making 25 times what we are now, thats 25% per week...

No other mining company that I know of has so little put in by the investors with such a huge amount of ASIC gear ordered.

So far 42% has been paid out in dividends to the Shareholders who bought on the day of the IPO.  Again I know of no mining company that paid out 42% in the first 2 months...

I intentially frontloaded the dividends to attract investors, but our backend (when ASIC gear arrives) is even bigger..  Stick around, you won't regret it. Wink



Well you attracted investors with high immediate profits, that are no longer there; sure, there is something else, but you can't expect them all to understand the paradigm shift immediately.
Maybe you could make a table comparing ordered megahashes for different companies, and showing in an immediate manner why this one will be more valuable than competitors when ASICs hit.
sr. member
Activity: 252
Merit: 250
September 07, 2012, 04:25:29 PM
#26
Welcome new investors! Wink

Huh
https://glbse.com/api/quantity_trading/JTME
still 542

Silverbox - I really enjoy the effort you put into this project, and you are of course entitled to your 25% cut, but:
The ratio of 600 paid owner shares vs. 542 public shares is quite unfair!
This will most likely ensure that the other 4,708 public shares will never be sold!

I urge you to limit your payout to 25% of public sold shares for future dividend payments.

Also this lead me to ask myself, what would be in the event of liquidation:
Your 1,750 shares vs. our 542 shares would mean that we'd only get about 0.20 BTC if you were able to get good prices for the Hardware.

Please give some transparency about the future development, so the remaining shares will find their new owners soon!  Wink

Kind regards

MoinCoin


Really interested in this.
Personally, reading the presentation I simply assumed from the beginning that the plan was

  • attract investors with crazy inflated returns
  • dilute their shares to nothing or near
  • ? ? ? ?
  • profit!

so I profited from the high rates in time, and quickly liquidated after 8° dividend. But maybe he'll decide to take a different course of action, let's see.
sr. member
Activity: 336
Merit: 250
September 07, 2012, 05:50:24 AM
#25
Welcome new investors! Wink
More bASIC's
More bonus PPS Wink
Tongue
sr. member
Activity: 336
Merit: 250
September 04, 2012, 12:26:00 PM
#24
Check it out, we're in 7th! Wink

http://stochastically.com/
Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalksearch.org/topic/m.1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here  Wink

2.3% a week is about to half.   When we start recieving our BFL asics, its gonna be crazy high thu Wink

Those are sweet!  Just ordered one for the company!  Now the company owes me around 80 btc.  I'll have to do the math later Wink.

We are still in IPO.  As the funds from new investors come in we purchase equipment.  Only 542 of the initial 5250 shares have been sold to date.
Cool, well I just bought up another 10BTC worth of shares  Smiley
newbie
Activity: 9
Merit: 0
September 03, 2012, 07:52:57 PM
#23
Check it out, we're in 7th! Wink

http://stochastically.com/
Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalksearch.org/topic/m.1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here  Wink

As a small holder I'd second taking a look and considering them!  Smiley
sr. member
Activity: 336
Merit: 250
September 03, 2012, 07:31:37 PM
#22
Check it out, we're in 7th! Wink

http://stochastically.com/
Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalksearch.org/topic/m.1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here  Wink
sr. member
Activity: 252
Merit: 250
August 23, 2012, 03:23:28 PM
#21
Great how you handled the Pirate thing.

But now... next payment is the 8°, so, you will start getting paid on your shares. Fair enough, but, how many do you hold? Does this mean all the 7000 shares issued will be paid? Since now it's 2,1% over little more than 500 shares, interest would go to 0,15% if the number of "effective" shares is multiplied by 14.
member
Activity: 117
Merit: 10
August 22, 2012, 04:25:54 AM
#20
Maybe we could set up a savings account with hashking ( https://www.hkbtclending.com/ )? He pays 1% weekly with no lock in. Shame to see coins getting dusty Wink
member
Activity: 104
Merit: 10
August 18, 2012, 03:12:48 PM
#19
Sounds like you got out at the nick of time, I'm curious what dividends will start to look like.
member
Activity: 117
Merit: 10
August 18, 2012, 02:19:38 PM
#18
Funds to buy more efficient mining gear is what I meant. Thanks for the quick response
member
Activity: 117
Merit: 10
August 18, 2012, 11:54:37 AM
#17
How is this situation going to affect our future ASIC purchases? Will we have enough funds to keep the operation profitable when BL starts delivering?
sr. member
Activity: 252
Merit: 250
August 17, 2012, 03:15:50 PM
#16
So, the moment of truth for the "getting lucky" thing has come  Smiley

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

How many funds with him now?

(note that I no longer own shares, but your idea was original so I am curious about the outcome  Cheesy )
newbie
Activity: 33
Merit: 0
August 15, 2012, 04:48:04 AM
#15
How will the changes in Pirate's rates affect JTME? Will dividends be reduced?
sr. member
Activity: 267
Merit: 250
August 14, 2012, 02:28:19 PM
#14
Just bought some more. I really like seeing what is being purchased in such a live format, keep up the good work.
donator
Activity: 798
Merit: 500
August 10, 2012, 09:48:21 PM
#13
Refurb 40gb HD ordered.  1.36 BTC.

Since I purchased some shares I have to ask, why not save some watts and $ by running BAMT on a USB? Might not save enough for new boots, but may increase dividends a bit.
member
Activity: 104
Merit: 10
August 06, 2012, 11:34:45 PM
#12
Thanks for the pics, love miner porn. Looking forward to next payout.
sr. member
Activity: 267
Merit: 250
August 06, 2012, 03:03:34 PM
#11
Oh and for the shoe enthusiasts..  I give you..

The new machine with a boot on it..



 Cheesy
sr. member
Activity: 252
Merit: 250
August 05, 2012, 04:27:47 AM
#10
May I suggest investing in NYAN.C, insted of PPTs directly? As you can see (https://bitcointalksearch.org/topic/glbse-nyancat-financial-your-friend-for-life-see-post-2-for-faq-97178), there is a fairly good chance to get paid more than 7% (and more than 0% when default comes, also)
member
Activity: 104
Merit: 10
August 05, 2012, 12:55:24 AM
#9
Could we get pictures? I'm curious how all these different things mining together looks. So far the dividends have been nice, I have high hopes for this investment.
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