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Topic: PI - page 4. (Read 13768 times)

legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
August 17, 2012, 05:42:02 PM
#44
Fair enough.  No ill will here, and never hurts to try.  Smiley
hero member
Activity: 840
Merit: 1000
August 17, 2012, 05:28:28 PM
#43
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.
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
August 17, 2012, 05:22:27 PM
#42
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.
newbie
Activity: 57
Merit: 0
August 17, 2012, 04:59:38 PM
#41
Mr Chaang Noi, how do we sell these bonds back to you? Do we just put a sell order @1.0 and wait for you to buy them?

Thank you
hero member
Activity: 520
Merit: 500
August 17, 2012, 03:35:11 PM
#40
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...

donator
Activity: 968
Merit: 1002
August 17, 2012, 02:44:41 PM
#39
Well Goat, this was a master peace, congratulate u with all funds acquired in such short period. It lasted less than 2 weeks)
donator
Activity: 3052
Merit: 1110
August 14, 2012, 05:31:46 PM
#38
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
donator
Activity: 3052
Merit: 1110
August 14, 2012, 05:12:00 PM
#37
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
donator
Activity: 3052
Merit: 1110
August 14, 2012, 05:03:48 PM
#36
Since you bought your coin at LV a couple or so weeks ago the bitcoins in it have gone from about $9,000 to $12,340 & the gold from about $1,620 to $1,600 - over 37% nice Tongue
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
August 14, 2012, 04:49:50 PM
#35
Will the strike price change if Pirate lowers your rate?
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
August 14, 2012, 02:35:58 PM
#34
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)
newbie
Activity: 29
Merit: 0
August 14, 2012, 02:09:25 PM
#33
Yey 9 bonds bought xD
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
August 14, 2012, 11:57:11 AM
#32
He has.  See Goat's other thread.  Divs are on the way.
hero member
Activity: 840
Merit: 1000
August 14, 2012, 11:53:33 AM
#31
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.
Pirate hasn't sent everyone this week's interest yet!?!
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
August 14, 2012, 11:18:46 AM
#30
Awesome!  Looking forward to picking some up.  Thanks!
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
August 14, 2012, 10:51:29 AM
#29
Hey Goat, are you still issuing any new shares at 1.55?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 14, 2012, 04:03:17 AM
#28
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:)

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
hero member
Activity: 840
Merit: 1000
August 13, 2012, 11:04:13 PM
#27
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:)

Photo of the insurance coin.




+1 to Goat. This is by far the best insurance I have seen. GIPPT take note.
hero member
Activity: 686
Merit: 500
Wat
August 13, 2012, 07:40:13 PM
#26
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 ?

Because I pay significantly more than what sending that .55 BTC to pirate would get.   Smiley

Yes I realised that after I posted  Smiley

Nice looking coin btw. Thanks for posting the pic.
hero member
Activity: 667
Merit: 500
August 13, 2012, 07:25:41 PM
#25
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..  Tongue

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