[MPEx] S.BVPS BitVPS.COM IPO - page 3.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: MPOE-PR on April 14, 2012, 12:36:09 PM

Quote

that is what i assumed, and that is why i never bothered to sign up. i wont be investing after all. good luck to rg!

So you didn't "bother" to get it for free because you assumed it will not be free later on and therefore you will not be investing at all because you are too busy making triangular forex arbitrage bots that aren't triangular and don't arbitrage. With logic of that caliber I'd guess you'll be the one needing the luck. How're the pics coming along honeybuns?

And reactions to potential customers like that ensure that very few people are going to pay up 20BTC when they can do their trading at GLBSE instead...

rapeghost

sr. member

Activity: 419

Merit: 250

Though in the spirit of honesty, I do agree 20BTC is a lot. But then I realize not everyone is as poor as me.

rapeghost

sr. member

Activity: 419

Merit: 250

Why don't you take this to a MPEx thread?

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: MPOE-PR on April 14, 2012, 12:51:24 PM

There's > 50 people registered

ten bucks says more than half got in during the beta period

MPOE-PR

hero member

Activity: 756

Merit: 522

There's > 50 people registered, and a tad more liquidity than anywhere else (excluding, of course, your fake bids on tygrr-bot atm).

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: MPOE-PR on April 14, 2012, 12:36:09 PM

Quote

that is what i assumed, and that is why i never bothered to sign up. i wont be investing after all. good luck to rg!

So you didn't "bother" to get it for free because you assumed it will not be free later on and therefore you will not be investing at all because you are too busy making triangular forex arbitrage bots that aren't triangular and don't arbitrage. With logic of that caliber I'd guess you'll be the one needing the luck. How're the pics coming along honeybuns?

lol u mad darling

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote

that is what i assumed, and that is why i never bothered to sign up. i wont be investing after all. good luck to rg!

So you didn't "bother" to get it for free because you assumed it will not be free later on and therefore you will not be investing at all because you are too busy making triangular forex arbitrage bots that aren't triangular and don't arbitrage. With logic of that caliber I'd guess you'll be the one needing the luck. How're the pics coming along honeybuns?

MPOE-PR

hero member

Activity: 756

Merit: 522

@Chaang Noi If you haven't registered your key during the beta you will have to pay 20 BTC to have it registered, yes.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote

I've wasted a few bit cents

Actually, that was a leftover from the beta days, there's no fee for malformed orders anymore. Your 6 bitcents were credited back to your acct.
Thanks for pointing it out.

brendio

hero member

Activity: 518

Merit: 500

Okay, that explains why my buy orders are not working. I've wasted a few bit cents getting a malformed buy order error message.

It would have been nice to get my buy in before open, as I'm not always at the computer.

MPOE-PR

hero member

Activity: 756

Merit: 522

No, you can't actually bid until the stock opens for trading.

Two strategies that may prove useful in getting early dibs are to have your order all signed, encrypted and ready to go (if you're not using the python script or something equivalent) and joining #bitcoin-otc-eu where you'll probably get early notice of trade opening.

brendio

hero member

Activity: 518

Merit: 500

Another question: Will the pending bids for the IPO be displayed on the contract page prior to issue so that one can gauge the level of demand?

brendio

hero member

Activity: 518

Merit: 500

Quote from: MPOE-PR on April 13, 2012, 05:53:43 AM

@Brendio That'd be 1. The relevant parts are in the IPO contract,

Quote

one block of 30`000 (thirty thousand) shares at a price of 0.0022 BTC each ; one block of 75`000 (seventy-five thousand) shares at a price of 0.0024 BTC each ; one block of 45`000 (fourty-five thousand) shares at a price of 0.0026 BTC each.

Thus, once S.BVPS goes to trading on the 15th the first 30`000 orders at market price or limit no less than 220000 will receive 30`000 shares, the next 75`000 orders at market price or limit no less than 240000 will receive 75`000 shares and finally the next 45`000 orders at market price or limit no less than 260000 will receive the last 45`000 shares of this IPO. Subsequently BITVPS will not offer any more shares for a period of at least 30 days, and all further orders will have to be satisfied from initial underwriters taking profit/closing out.

Okay, I just wanted to check, because on GLBSE it would function like option 3 if there are bid orders at greater than 0.0022 BTC each at the time BitVPS places the offer at 0.0022 BTC.

MPOE-PR

hero member

Activity: 756

Merit: 522

@Brendio That'd be 1. The relevant parts are in the IPO contract,

Quote

one block of 30`000 (thirty thousand) shares at a price of 0.0022 BTC each ; one block of 75`000 (seventy-five thousand) shares at a price of 0.0024 BTC each ; one block of 45`000 (fourty-five thousand) shares at a price of 0.0026 BTC each.

Thus, once S.BVPS goes to trading on the 15th the first 30`000 orders at market price or limit no less than 220000 will receive 30`000 shares, the next 75`000 orders at market price or limit no less than 240000 will receive 75`000 shares and finally the next 45`000 orders at market price or limit no less than 260000 will receive the last 45`000 shares of this IPO. Subsequently BITVPS will not offer any more shares for a period of at least 30 days, and all further orders will have to be satisfied from initial underwriters taking profit/closing out.

brendio

hero member

Activity: 518

Merit: 500

A question for you or MPEx: How does IPO allocation on MPEx function when demand outstrips supply? I can think of three different ways it could be set up:

1) First in, best dressed. Orders are filled at the bid price in order of bid placement at IPO ask price.
2) Proportional. Where there are more bids than IPO shares, bid orders are filled proportionally at IPO ask price (e.g. 60'000 bids; 30'000 shares on offer. Each bid is filled 50%).
3) Trades filled at bid price (auction style); bidders pay more than stated IPO price to secure shares.

I see pros and cons of each. Before placing my bid, I'd like to know which way the exchange functions.

rapeghost

sr. member

Activity: 419

Merit: 250

Last months earnings statement can be found here: http://www.bitvps.com/bitvps-march-earnings/

rapeghost

sr. member

Activity: 419

Merit: 250

This is a notice that S.BITVPS will be ready for trading soon.

BitVPS is an ISP specializing in virtual private servers, dedicated servers, and managed services. We accept Bitcoin primarily but have several PayPal customers. We have just expanded into three US based data centers and one European data center. (Chicago, Dallas, Los Angeles, and Amsterdam)

We generally operate debt-free and are profitable. Money is tight due to our ordering of a new VM node but we expect it to balance out by the end of the month.

Stats:
January: 21 New clients
Februrary: 15 New clients
March: 30 New clients
April: 8 New clients (so far)

Total customer count: 71

Details of the IPO can be found http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS

Topic: [MPEx] S.BVPS BitVPS.COM IPO - page 3. (Read 6300 times)