📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 204.

OgNasty

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Quote from: kuzetsa on July 27, 2012, 04:13:51 AM

How would a motion to issue more shares work?

I put up a motion and it is voted on by shareholders. 1 share = 1 vote. The company details page lists that 66% of the vote has to agree in order to issue new shares.

Quote from: kuzetsa on July 27, 2012, 04:13:51 AM

Can the initial motion be created by anyone with at least 1 single share?

No.

Quote from: kuzetsa on July 27, 2012, 04:13:51 AM

How would the price be determined for the newly issue?

The market price would be a large influence.

Quote from: kuzetsa on July 27, 2012, 04:13:51 AM

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

The GLBSE matches trades by price, so a higher bid would be met first.

sebnow

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Quote from: kuzetsa on July 27, 2012, 04:48:43 AM

Quote from: sebnow on July 27, 2012, 04:35:48 AM

...The issuer is able to simply create more shares, and can place a bid at any price. The price is determined by the issuer. The bid is just like any other, so if there's an ask for the same price it will be matched and that person automatically buys the shares.

That sounds reversed to me. I thought it would go more like this:

Bid = person is buying shares for some BTC price

Ask = liquidating shares, sold at BTC price

As such, wouldn't the issuer be selling shares at some sort of BTC ask price?

Thanks, but nevermind for now I guess. I'm simply too sleepy to understand right now, and I have something I need to do in about 7 or 8 hours. (Still need to sleep before then, and where I live, the sun is coming up in the next 10-30 minutes or so)

Indeed, my bad, I had just woken up Tongue

.

kuzetsa

sr. member

Activity: 369

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Quote from: sebnow on July 27, 2012, 04:35:48 AM

...The issuer is able to simply create more shares, and can place a bid at any price. The price is determined by the issuer. The bid is just like any other, so if there's an ask for the same price it will be matched and that person automatically buys the shares.

That sounds reversed to me. I thought it would go more like this:

Bid = person is buying shares for some BTC price

Ask = liquidating shares, sold at BTC price

As such, wouldn't the issuer be selling shares at some sort of BTC ask price?

Thanks, but nevermind for now I guess. I'm simply too sleepy to understand right now, and I have something I need to do in about 7 or 8 hours. (Still need to sleep before then, and where I live, the sun is coming up in the next 10-30 minutes or so)

sebnow

newbie

Activity: 33

Merit: 0

Quote from: kuzetsa on July 27, 2012, 04:13:51 AM

Quote from: sebnow on July 27, 2012, 03:51:38 AM

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place an ask for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

New to GLBSE, and new to trading without a broker in general, so sorry if my question(s) seem dumb.

How would a motion to issue more shares work?

Can the initial motion be created by anyone with at least 1 single share?

How would the price be determined for the newly issue?

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

I don't believe a motion is required to pass for the issuer to issue more shares on GLBSE. The issuer is able to simply create more shares, and can place an ask at any price. The price is determined by the issuer. The ask is just like any other, so if there's a bid for the same price it will be matched and that person automatically buys the shares.

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: sebnow on July 27, 2012, 03:51:38 AM

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place an ask for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

New to GLBSE, and new to trading without a broker in general, so sorry if my question(s) seem dumb.

How would a motion to issue more shares work?

Can the initial motion be created by anyone with at least 1 single share?

How would the price be determined for the newly issue?

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

sebnow

newbie

Activity: 33

Merit: 0

Quote from: kuzetsa on July 27, 2012, 03:14:36 AM

Quote from: OgNasty on June 12, 2012, 10:11:59 AM

The IPO will be 0.29BTC/share.

Sadly, I could only afford 4 shares because I didn't get in during the IPO.

bought 1 @ 0.54 BTC (( 2012-07-27 04:02:31 ))
bought 3 @ 0.55 BTC (( 2012-07-27 04:05:45 ))

If I managed to get in during the IPO, could've had 7 shares insead of my current 4, and would have had more than 1 MTGOXUSD left too!!!

[edit] Did I do a silly thing? is the IPO still open? How do I buy at the stated price of 0.29BTC/share

I only ask, because I just noticed THIS:

Quote from: OgNasty on July 25, 2012, 11:01:35 AM

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place a bid for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: OgNasty on June 12, 2012, 10:11:59 AM

The IPO will be 0.29BTC/share.

Sadly, I could only afford 4 shares because I didn't get in during the IPO.

bought 1 @ 0.54 BTC (( 2012-07-27 04:02:31 ))
bought 3 @ 0.55 BTC (( 2012-07-27 04:05:45 ))

If I managed to get in during the IPO, could've had 7 shares insead of my current 4, and would have had more than 1 MTGOXUSD left too!!!

[edit] Did I do a silly thing? is the IPO still open? How do I buy at the stated price of 0.29BTC/share

I only ask, because I just noticed THIS:

Quote from: OgNasty on July 25, 2012, 11:01:35 AM

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: novusordo on July 25, 2012, 03:01:54 PM

Quote from: OgNasty on July 25, 2012, 11:01:35 AM

Quote from: Carnth on July 25, 2012, 10:57:20 AM

Quote from: OgNasty on July 25, 2012, 10:35:17 AM

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

What is this on a per share basis?

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

So will the amount of shares sold return the hash rate of each share to about 20MH/s, or is it possible that the rate would stay high like this due to other equipment being ordered?

The directive of the company is to provide 20MH/s of hashing power per share. There are quite a few factors at play, including whether or not Butterfly Labs can meet their projected specifications on the new ASIC products. However, I will do my best to meet or exceed the company's stated goals.

novusordo

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Activity: 800

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Quote from: OgNasty on July 25, 2012, 11:01:35 AM

Quote from: Carnth on July 25, 2012, 10:57:20 AM

Quote from: OgNasty on July 25, 2012, 10:35:17 AM

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

What is this on a per share basis?

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

So will the amount of shares sold return the hash rate of each share to about 20MH/s, or is it possible that the rate would stay high like this due to other equipment being ordered?

OgNasty

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Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Carnth on July 25, 2012, 10:57:20 AM

Quote from: OgNasty on July 25, 2012, 10:35:17 AM

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

What is this on a per share basis?

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

Carnth

hero member

Activity: 634

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Quote from: OgNasty on July 25, 2012, 10:35:17 AM

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

What is this on a per share basis?

OgNasty

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Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

Timbo925

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Still hard to not sell my shares bought at 0.27 Grin

Also great to see first divident. Keep it up !

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Im eager to know, who the 1000 shares investor is.
@Unknown care to reaveal yourself?

It was actually 2,600 shares that were purchased at 0.5BTC/share by the mystery investor. Not my place to name him though. Wink

Quote from: ?? on ??

@ Nasty have you done a liquidity planning?
With the newest issue of stocks i'd love to see some more transparency regarding future investements, share issues etc.

I haven't done much thought with liquidity planning yet. I'm still in hardware purchasing mode.

OgNasty

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Quote from: OgNasty on July 21, 2012, 04:41:57 PM

I've emailed Butterfly Labs asking why there was only 1 when the order was for 2. Hopefully the next one shows up soon.

I received a response from Alicia at Butterfly Labs today stating that the 2nd Single from our 1st order should be shipped tomorrow and delivered later this week.

OgNasty

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Quote from: ErebusBat on July 20, 2012, 12:03:58 PM

Use GPUMAX, as long as we don't have some of the timeout errors other have been reporting

I did notice we were getting some errors when a new block hit the network on GPUMAX. It was causing a slight slowdown every few minutes. I set cgminer to load-balance between GPUMAX, ozcoin & eclipse. That seems to have solved the problem.

GoWest

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betwithbtc.com

Quote from: OgNasty on July 21, 2012, 04:41:57 PM

One of our originally ordered BFL Singles showed up in the mail today (no extra fan on the bottom). I've emailed Butterfly Labs asking why there was only 1 when the order was for 2. Hopefully the next one shows up soon. In any event, we are now hashing away at 1664MH/s.

Nice. Slowly but surely...

OgNasty

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Leading Crypto Sports Betting & Casino Platform

One of our originally ordered BFL Singles showed up in the mail today (no extra fan on the bottom). I've emailed Butterfly Labs asking why there was only 1 when the order was for 2. Hopefully the next one shows up soon. In any event, we are now hashing away at 1664MH/s.

TechCF

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Activity: 109

Merit: 10

Quote from: miscreanity on July 20, 2012, 03:47:22 PM

MaxBTC also offers DGM and NMC merged mining with 2-factor auth; adding 0.75% 'donation' enables automatic payout. I make use of GPUMAX with a private setting for each of those three pools and set as failovers for cgminer, including a local bitcoind - just in case

MaxBTC is also a favorite of mine.

Thanks for the first dividend payout. This is the start of a great mining venture!

OgNasty

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Our first mined Bitcoin has been sent as a BTC1 donation.
Weekly donations to follow.

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