Topic: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM (Read 2229 times)

What's the status? Op here?

Still waiting on an answer to this...

What is the status of the migration from Bitfunder to Cryptostocks? I have received a number of payments to my Bitfunder public BTC address since November 1, but since that address is used by all former Bitfunder issuers for dividend payments etc. (at least until they relocate to new exchanges), I have no idea which one of those transactions, if any, is the 'verification amount' you announced that you were going to send out. If you have sent out the verification amount, please let me know the date you sent it, and I can let you know what amounts I received that day. Alternately, if you have not yet sent out the verification amount, I would like to suggest that you have us send you a signed message from our Bitfunder public BTC address instead. Since the blockchain is public information, it seems that anyone who knows your sending address (or the receiving addresses, which were also public information) may be able to see all the verification amounts you send out. The signed message seems to be a more secure way of doing it, and is the method that most of the other issuers have used. In any case, please give us an update on the migration since this is starting to drag out, and I would like to get all of my assets from Bitfunder marked as 'successfully migrated' in my records as soon as possible. Thanks!

Any update on the migration from BitFunder?

We are migrating the bitfunder.com shares to cryptostocks.com.  We are going to send a verification amount to the wallet address on file with bitfunder.com once you receive that amount please PM me with the amount you received and your email address and number of shares owned on bitfunder.com that you have registered with cryptostocks.com and we will transfer you your shares from bitfunder.com to your cryptostocks.com account.

send any questions you have to me.

thanks

Any news on the status of Exchange.ESIF on BitFunder after the recently announced changes in BitFunder policy? Will Exchange.ESIF be staying on BitFunder, migrating to direct shares or to another exchange like 796.com, or shutting down? Can users who have a Cryptostocks account get their Exchange.ESIF shares from BitFunder converted into ESIF shares on Cryptostocks? Thanks!

The market CAN'T "find a price" when you don't define what it is that they're supposedly paying for.  Nowhere do you say what value of assets you have backing each unit. And unless the funds raised match the value of assets then the act of selling CHANGES the assets backing each unit (increasing it if you sell for more than your NAV/U and decreasing it if you sell for less).

Riddle me this:

If exchange-rate is $10/BTC and you sell shares for 1 BTC and use that 1 BTC to buy $10 worth of shares.
Then exchange-rate changes to $20/BTC and your shares pay $1 in dividends to you.
How much profit have you made?

You're acting as though you made ANY profit.  But if you leave the share price the same in BTC then you MUST measure profit/loss in BTC - and you actually made 0.45 BTC loss (Value of investments dropped from 1 BTC to 0.5 BTC and you got back 0.05 BTC in dividends).

I just hope this is a scam - that way at least you'll probably give back 1/3 of what you raise as dividends to attract more 'investment'.  If it's not a scam then investors are likely going to be much worse off: as all new investment is not only subsidising earlier investment but doing so at a less favourable exchange-rate meaning they likely lose 3/4 of investment the instant they click the buy button.  And thats at your discount rates - god help anyone dumb enough to pay 1 BTC for shares when earlier investors paid a fraction of that at a worse exchange-rate.

Pretty sure I am just a bad speller and you will probably see that if you read many of my future post.

the way pricing went on these it let us know what the market demand was as far as pricing goes.  Then the shares were going to be offered at a rate that was consistant.  Since btc move like they have been we are going to offer the shares at the price that would be consistant with what they have averaged for us based on the US Dollar value of the holdings.  We had planned on going through the March payout to give us basically 3 months of market to find that price.

This might be off the mark, but a former scam asset issuer (Capital one?) couldn't spell interest either. Possibly same person?

It's supposedly a fund.  You don't price based on what people "believe they are worth".  You price based on the value of the held assets.  If supply is unlimited (i.e. you'll sell as many as you can) then you sell at NAV/U.  If supply is limited (you only sell X per month) you sell at a MINIMUM of NAV/U - with the market setting a premium if they believe it's warranted (demonstrated by orders exceeding supply and the price being bid up prior to release of each batch).

I thought that it would create an intrest in the asset.  figure give the early adaptors a little more return because they took the risk to move forward with us.  It you notice they climbed from very small numbers at lower prices to increase the numbers of share as they got higher.  There are some dips in there where people put assets up for sale for under what they bought them for. Guess they must of have another idea.  So when you see large drops in price that was not me selling them as large discounts that was other users.  My idea was a nice climb to a price that people believe they are worth. 

At the start, why were you happy to dilute existing shareholders by selling them at inconsistent prices?

Not to many, but it provides more liquidity to users on there, but we have no problem with buybacks if requested.

More liquidity? Does anyone even use cryptostocks anymore?

we also will transfer them to other exchanges we are traded on.  creating more liquidity then most investments out there.

thanks poly

That is what I mean Sorry.

We will buyback shares at the current pricing, but it would need to be set up with us for any large amounts due to the fact that money is invested at all times so we would have to set up the buyback at a time that does not cause any lose to the other investors.

He should have no problem buying back the shares at 95% or something, pokey would be making money with each buyback!

Probably, yeah - but he said it in response to my question of how he provided liquidity.

I'm pretty sure pokey referred that as the "blanket buyback from asset issuer" instead of 'request a buyback'.