Topic: PI - page 4. (Read 13777 times)
Given the timing of the release of this bond, and assuming Pirate pays you back, I suspect many of us would appreciate it if you'd be willing to buy back at "$IPO minus $firstDividend minus $securityAndTransactionFees minus $pizzaForGoat".
While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances.
Cheers.
Goat took a risk. Investors took a risk. Goat deserves to profit if pirate pays back. While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances.
Cheers.
Given the timing of the release of this bond, and assuming Pirate pays you back, I suspect many of us would appreciate it if you'd be willing to buy back at "$IPO minus $firstDividend minus $securityAndTransactionFees minus $pizzaForGoat".
While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances.
Cheers.
While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances.
Cheers.
Well Goat, this was a master peace, congratulate u with all funds acquired in such short period. It lasted less than 2 weeks)
You assume Pirate has paid back, he has not yet:)
Either way your bonds are worth 1 BTC
I think he was referring to the fact that you sold bonds around 1.5-1.6 BTC, made one payout from BS&T of 0.055, and due to the fortuitous timing of the BS&T wind down, you are buying back at 1.0 BTC. Assuming BS&T winds down correctly, I roughly estimate a 750 BTC gain for you and a 0.4-0.5 BTC/share loss for purchasers of the IPO.
We all knew the risks though going into it though...
seriously we should ask Casasius to make a 1,000,000 LTC version, cheaper too at $5,000 to $6,000 & say $1,400 in Platinum perhaps + mark up = approx $8,000 to $9,000 maybe
He will will make us a bar. I have already asked. Really I should have him do it. Would be bad ass:)
But I think you mean 100k not 1mill.
see edit above, ah sry I was priceing them in BTC by mistake, so yep 100k LTC at say $6,000 to $10,000 depending on how much in bulk OTC you could scoop up, actually that's much better too as there aren't enough coins atm to find 1M easily
seriously we should ask Casasius to make a 1,000,000 LTC version, cheaper too at $5,000 to $6,000 & say $1,400 in Platinum perhaps + mark up = approx $8,000 to $9,000 maybe
edit: I just did https://bitcointalksearch.org/topic/m.1100259
edit: I just did https://bitcointalksearch.org/topic/m.1100259
Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC?
Yes. I'm betting Pirate will do just this.
So if you are right paying anything for insurance on Pirate is pointless.
I tend to agree, for different reasons (a diversified portfolio can be cheaper and pay more)
Hey Goat, are you still issuing any new shares at 1.55?
I will after I pay out today's dividends. I will do that once Pirate sends the funds and I send them out on GLBSE.
Thanks.
1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Photo of the insurance coin.
+1 to Goat. This is by far the best insurance I have seen. GIPPT take note.
I like your signature. Mega LuLz
1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Photo of the insurance coin.
+1 to Goat. This is by far the best insurance I have seen. GIPPT take note.
Whats the difference between simply placing 1btc into cold storage then sending .55 to bitcoinmax versus getting an insured passthrough ?
You are still at risk of losing the .55btc so you may as well get all the benefit if the pirate doesnt default. Maybe I am missing something ?
You are still at risk of losing the .55btc so you may as well get all the benefit if the pirate doesnt default. Maybe I am missing something ?
Because I pay significantly more than what sending that .55 BTC to pirate would get.
Yes I realised that after I posted
Nice looking coin btw. Thanks for posting the pic.
He makes really good stuff. The best looking coin IMO is the Silver one with the gold B. I bought at least 5 of them:)
Ya I finally just made an order for some a week or so ago.. including the silver one with the gold, I am really excited to see that one heh. but the 1000 btc well.. maybe one day 1000 btc coin, maybe one day..
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