Ian may have sold shares to raise capital for growth and maintenance.
May be. We won't know until he comments.
Last time, he had taken a loan when 20BTC was short to purchase the 2nd Avalon - instead of selling growth shares.
Topic: SCAM IPO [Bakewell] - Finally, a 'transparent' investment that will 'grow'! - page 4. (Read 47798 times)
March 26, 2013, 12:55:11 AM
May be. We won't know until he comments.
Last time, he had taken a loan when 20BTC was short to purchase the 2nd Avalon - instead of selling growth shares.
March 26, 2013, 12:48:24 AM
Ian may have sold shares to raise capital for growth and maintenance.
March 25, 2013, 11:58:49 PM
Part of the 1800 shares held in reserve for growth and maintenance seem to have been sold.
There is no account owning 1800 shares of Bakewell anymore...
https://bitfunder.com/assetlist
There is no account owning 1800 shares of Bakewell anymore...
https://bitfunder.com/assetlist
March 20, 2013, 09:01:44 AM
On the bright side, after a hell of an interesting / nail biting morning... I think I was successful in placing an order for two Avalon ASIC (#2 batch) and I think I should be in the first handful of those orders.
Do we know how high up are we in the order list?
Avalon announced that they will be taking a break in the middle of the batch #2 delivery.
https://bitcointalksearch.org/topic/m.1647013
Quote
3, The shipment time of batch #2: Our team needs a vacation after months of day-and-night hard work, and we need time to summarize previous work, deal with issues and prepare the improvement of the future work. Further more, it takes time to produce the large amount of improved parts. So, the shipment of #2 will be delayed. Only a small amount of units will be shipped during late March to early April, but we will ship the batch #2 units in a super fast speed during middle Apirl to the end of Apirl.
March 15, 2013, 12:51:20 PM
Furthering my Bitcoin experimentation, I now own a mighty pair of shares in BAKEWELL. Having never purchased shares before I am quite enjoying the experience.
Good luck Ian.
I should add that the BitFunder site is well designed.
Good luck Ian.
I should add that the BitFunder site is well designed.
March 09, 2013, 10:30:28 PM
My contract with Ian stipulates interest payments to begin in April. So its a little early to be panicking just yet.
+1, however doesn't charge a 5% late fee or something if you're late by over 5 days? 
March 09, 2013, 01:31:12 PM
My contract with Ian stipulates interest payments to begin in April. So its a little early to be panicking just yet.
March 09, 2013, 08:09:06 AM
BTCJAM was never a good platform for setting up dates / repayments.
Heh.
March 08, 2013, 11:39:06 PM
BTCJAM was never a good platform for setting up dates / repayments.
March 08, 2013, 11:34:31 PM
Ian I know this thread isn't regarding your loan but you locked your loan thread.
You're three days overdue on your BTCjam loan, and now one full day overdue on your promise to pay according to https://bitcointalksearch.org/topic/closed-146689.
I'll be honest I was suspicious due to the large amount of money and shares you had borrowed from the community. It looked like a cash out. The comments on BTCjam state that you intended to pay on the 8th (yesterday) but that time has come and gone.
Due to the large amount of money you've borrowed would you mind providing an update on this the next time you log in? Thanks.
You're three days overdue on your BTCjam loan, and now one full day overdue on your promise to pay according to https://bitcointalksearch.org/topic/closed-146689.
I'll be honest I was suspicious due to the large amount of money and shares you had borrowed from the community. It looked like a cash out. The comments on BTCjam state that you intended to pay on the 8th (yesterday) but that time has come and gone.
Due to the large amount of money you've borrowed would you mind providing an update on this the next time you log in? Thanks.
I'm not seeing anywhere in that thread that he intended to make any payments on March 8th. I'm reading that he didn't intend to start paying back until the end of the month.
"Payment schedule as follows:
March 1- borrow 600
March 8- owe 621
March 15- owe 642.735
March 22- owe 665.230725
March 29- owe 688.5138 / 8 = 86.0647 payment = 602.4491 leftover"
No payment until March 29th - where do you see in that thread him saying he'll pay anything on 8th?
I was about as suspicious as you about all the loans he's taking (and borrowing things to 'short', some of which it's basically impossible to short - e.g. BTC-BOND) but not seeing how we was expected to make any payment yet.
March 08, 2013, 11:26:31 PM
Ian I know this thread isn't regarding your loan but you locked your loan thread.
You're three days overdue on your BTCjam loan, and now one full day overdue on your promise to pay according to https://bitcointalksearch.org/topic/closed-146689.
I'll be honest I was suspicious due to the large amount of money and shares you had borrowed from the community. It looked like a cash out. The comments on BTCjam state that you intended to pay on the 8th (yesterday) but that time has come and gone.
Due to the large amount of money you've borrowed would you mind providing an update on this the next time you log in? Thanks.
You're three days overdue on your BTCjam loan, and now one full day overdue on your promise to pay according to https://bitcointalksearch.org/topic/closed-146689.
I'll be honest I was suspicious due to the large amount of money and shares you had borrowed from the community. It looked like a cash out. The comments on BTCjam state that you intended to pay on the 8th (yesterday) but that time has come and gone.
Due to the large amount of money you've borrowed would you mind providing an update on this the next time you log in? Thanks.
March 08, 2013, 07:55:14 PM
Hi Ian,
Do you ever check to see if y/our 7970s are more profitably used for altchains?
7970s have very fast memory, a feature utilized only by scrypt.
I check http://dustcoin.com/ daily to optimize my returns. Sometimes LTC and NVC are much more lucrative than BTC.
This will become even more important as ASICs drive up BTC difficutly.
Do you ever check to see if y/our 7970s are more profitably used for altchains?
7970s have very fast memory, a feature utilized only by scrypt.
I check http://dustcoin.com/ daily to optimize my returns. Sometimes LTC and NVC are much more lucrative than BTC.
This will become even more important as ASICs drive up BTC difficutly.
February 28, 2013, 02:54:18 AM
Ian,
When do you estimate dividends will resume?
When do you estimate dividends will resume?
I was wondering the same thing, I once again find myself with a stake in BAKEWELL. When will dividends resume now that the ASICs have been paid for?
Edit: Ahh, found this:
Dividends are currently suspended.
I was preparing to order the Avalon ASIC on the morning of the 31st... The total of the funds raised from the transitional tranche alongside the growth fund brought us up to just over BTC130
...I could use 75 to order one box, and sit on the rest... or I could take a loan to kick us up to 150 and order two.
I found a shark tank deal for a BTC20 loan. To repay this loan BAKEWELL will direct 100% of its hashpower to our creditor @ 50btc pps rates against our debt until the BTC20 is paid back.
Once the initial BTC20 is paid back BAKEWELL regains its hashpower and will resume dividends on the regular schedule.
Then the BTC received on the growth fund will be forwarded to our creditor for a short time in order to cover their profit for the loan.
I was preparing to order the Avalon ASIC on the morning of the 31st... The total of the funds raised from the transitional tranche alongside the growth fund brought us up to just over BTC130
...I could use 75 to order one box, and sit on the rest... or I could take a loan to kick us up to 150 and order two.
I found a shark tank deal for a BTC20 loan. To repay this loan BAKEWELL will direct 100% of its hashpower to our creditor @ 50btc pps rates against our debt until the BTC20 is paid back.
Once the initial BTC20 is paid back BAKEWELL regains its hashpower and will resume dividends on the regular schedule.
Then the BTC received on the growth fund will be forwarded to our creditor for a short time in order to cover their profit for the loan.
I guess then that's what you meant by BTC7.92 paid back.
Hmm, at ~0.31/day thats gonna be 35-40 more days. So essentially not until the ASICs arrive :/
February 28, 2013, 01:40:00 AM
Hi Ian,
Was part of promoter's stake sold?
Was part of promoter's stake sold?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
February 23, 2013, 05:16:14 PM
What is the plan for the old rig once the new one arrives?
February 23, 2013, 04:18:50 PM
We have paid back BTC7.92 so far and continue to pay with 2600mhash x 50btc.com pps rate
So you have paid back 7.92 btc in 18 days, or .44 btc/day leaving 12.08 btc which at that rate should be paid back in about 28 days which would put us somewhere around march 20th, correct?
This will, of course, be affected by any increase of difficulty caused by all the other ASICs coming onto the network, or if we get the ASICs we ordered, correct?
It'll be slower than this. The rig should be earning 0.35 BTC per day at best. 12 BTC to go = ~34 days, maybe a few more days due to difficulty increase.
February 20, 2013, 04:18:34 PM
We have paid back BTC7.92 so far and continue to pay with 2600mhash x 50btc.com pps rate
So you have paid back 7.92 btc in 18 days, or .44 btc/day leaving 12.08 btc which at that rate should be paid back in about 28 days which would put us somewhere around march 20th, correct?
This will, of course, be affected by any increase of difficulty caused by all the other ASICs coming onto the network, or if we get the ASICs we ordered, correct?
February 20, 2013, 01:25:03 PM
Why do you choose 50btc pool?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
February 20, 2013, 12:27:32 PM
Ian,
When do you estimate dividends will resume?
When do you estimate dividends will resume?
February 13, 2013, 05:35:11 AM
Someone calculated how high the dividend per Share will be if the asics arrive?
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