Topic: program - page 3. (Read 5818 times)
Dont you need to liquidate all 3 funds and cant just decide to close one of them without winding the whole thing up ?
The assets in NYAN.A/B/C have not changed.
Here are the mandates from the contracts:
NYAN.A: Investments are chosen entirely based on their risk profile; we seek insured investments and very low risk investments only.
Really? What does the HRPT in OBSI.HRPT stand for again?NYAN.A: Investments are chosen entirely based on their risk profile; we seek insured investments and very low risk investments only.
When UDN and FPGAMINING closed down, I moved assets (OBSI.HRPT and FPGAMINING) into NYAN.A.
So the assets in NYAN.A did change. I've decided to do what cytokene is doing. I've decided to accelerate the closure of NYAN.B.
cytokene offered a swap with assets with that have a combined 5 day avg price equal to (actually slightly in excess off) his bond IPO price, and he ate the losses. So do I understand correctly you are doing the same and for each bond, a Nyan.B bondholder can pick and choose assets that have a combined 5 day price average of 1 BTC ?
I'm not holding my breath for that one.
Delete your post please; it's been reported. Local Rules: the following accounts are banned from posting in this thread: Puppet, EskimoBob, Deprived, Factory, nimda, 556j, MPOE-PR, cunicula and guruvan. Please post scam accusations in the scam accusation forum or you will be banned from next month's thread.
They cant delete something when you quote it....
Carrying over from the previous thread some points that I suspect are important.
In the first motion, Usagi has proposed being able to value some securities based on his/her own website. Please do not let that happen.
In the second motion, his/her plan was to allow people to trade assets on a first come, first served basis. I would argue that this screws over anyone not at the front of the line and thus violates his/her fiduciary duty to protect all shareholders equally.
I have a lot of respect for Usagi and have high hopes for an orderly and equitable shutdown, if a shutdown is indeed necessary.
In the first motion, Usagi has proposed being able to value some securities based on his/her own website. Please do not let that happen.
In the second motion, his/her plan was to allow people to trade assets on a first come, first served basis. I would argue that this screws over anyone not at the front of the line and thus violates his/her fiduciary duty to protect all shareholders equally.
I have a lot of respect for Usagi and have high hopes for an orderly and equitable shutdown, if a shutdown is indeed necessary.
I've decided to do what cytokene is doing. I've decided to accelerate the closure of NYAN.B.
cytokene offered a swap with assets with that have a combined 5 day avg price equal to (actually slightly in excess off) his bond IPO price, and he ate the losses. So do I understand correctly you are doing the same and for each bond, a Nyan.B bondholder can pick and choose assets that have a combined 5 day price average of 1 BTC ?
If I was still holding some .B's this would sound good to me.
Just a clarification you need to make in your OP:
Until the two motions are settled, you won't be sending anyone assets of nyan.b/nyan.c (the first motion determines what they'd get, the second whether the exchange happens at all).
Otherwise you're going to have people sending you their nyan.b shares - and then complaining when you don't send anything back (which you obviously can't/won't do until the motions are resolved).
Until the two motions are settled, you won't be sending anyone assets of nyan.b/nyan.c (the first motion determines what they'd get, the second whether the exchange happens at all).
Otherwise you're going to have people sending you their nyan.b shares - and then complaining when you don't send anything back (which you obviously can't/won't do until the motions are resolved).
That's already happened because people acted on what usagi said the first time. It costs transfer fees both ways.
I've decided to do what cytokene is doing. I've decided to accelerate the closure of NYAN.B.
cytokene offered a swap with assets with that have a combined 5 day avg price equal to (actually slightly in excess off) his bond IPO price, and he ate the losses. So do I understand correctly you are doing the same and for each bond, a Nyan.B bondholder can pick and choose assets that have a combined 5 day price average of 1 BTC ?
Quote
Local Rules: the following accounts are banned from posting in this thread: Puppet, EskimoBob, Deprived, Factory, nimda, 556j, MPOE-PR, cunicula and guruvan
The Usagi provides.
The Usagi cares for you.
The Usagi wields terrible powers.
All hail the Usagi.
Just try not to make things worse greyhawk. I don't mind questions from concerned investors, they will be added to the faq (see post #2). But we really don't need more trolls here.
Well, they did provide some very useful advice... you can't deny that those that followed it are considerably better off now.
However, I must agree they quite overdid recently, going from pointing out legit concerns to sometimes plain trying to damage Usagi no matter what (why should they give free advice to V.HRL investors on how to try and profit at his expenses, for instance?), or just repeating the same points over and over... as someone else already pointed out, beating a dead horse is no use to anyone; nearly everybody on this forum has long made up his mind on the issues they point out, I believe, and having pages of rage and accusations is simply not worth it anymore. So for a sane discussion it's probably a wise idea to leave them out.
Quote
Local Rules: the following accounts are banned from posting in this thread: Puppet, EskimoBob, Deprived, Factory, nimda, 556j, MPOE-PR, cunicula and guruvan
The Usagi provides.
The Usagi cares for you.
The Usagi wields terrible powers.
All hail the Usagi.
program
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