Topic: T - page 4. (Read 41031 times)

The problem with valuation is that there is an inverse relationship to the exchange rate. At start up, TyGrr had ca. $15,000 worth of equipment and issued 1500 shares, meaning each share was backed by $10 worth of hardware. When the exchange rate was around $3, each share was backed by about 3 BTC worth of assets. Now that the exchange rate has increased, each share is back by only about 1.5 BTC worth of tangible assets. So, the exchange rate going up means I'm not willing to pay as much in BTC for TyGrr shares. So, yes this translates to a loss when denominated in BTC, but about break even or a bit ahead in US$ terms (i.e. I spent $10 worth of BTC for a share. I can now sell that share for about $12 worth of BTC).

+1

I think the problem is that you could have been 99% sure that the ID situation was going to be resolved but everyone else could not be that sure as your projection of the resolution was not backed by anything.  You were able to trade on that knowledge as you were directly involved in the mediation but other people did not have that knowledge and thus perceived more risk.  It would probably have been better if you stated that you would not trade for a week after the mediation was completed.  I do appreciate you taking the time to resolve the issue though.  I think you did well in stating you had an interest in getting the dispute between nefario and goat resolved, but I think you could have done a little better in the post-mediation time in purchasing shares or bonds right after the dispute was resolved.

Except for market making opportunities, I have decided to stay out of any contracts on GLBSE in the long term that don't confirm the ID of any of the asset issuers on GLBSE, like Garr has completed.

As far as insider trading, I did have knowledge of how the ID situation was progressing as I was directly involved. I did give public notice the situation was going to be resolved very soon - that was about an hour or two before I actually bought the bonds. I'm fairly sure I haven't acted on any privileged information outside of that, and don't believe I've ever knowingly acted to decrease the value of TyGrr* stocks (though I did note to Goat I wasn't very worried about the value of TyGrr-Bank declining because I was interested in cheap aftermarket bonds - though it's probably worth noting that was after the ID fiasco was resolved).

To the above poster:

This isnt a regulated industry, glbse isn't licensed by any gov to my knowledge. So insider trading would be expected.

well, thanks. the share price is totally fucked up.

i spend 60+ btc in this venture, if i would liquidate now, i would have lost at least 60% of it.
.. and please don't tell me its shit-money and not worth it. its a big part of all my savings im studying, no time to work, im living from about 220 bitcoin/month, so this is pretty serious to me.

dividends have been nice so far, but it frightens me very much, to see A) such discussion B) that shareprice C) evermore strange projects from goat (tygrrbank, tygrr bot) whcih don't really add confidence to me..

about kluge.. i don't know what it is about him and goat, but if there is something like inside-trading that would be an serious act of defraud on every shareholder, and therefore must be persecuted.

whatever, i don't know. as long as there are dividends, i don't really worry, but if there arent any anymore.. well..

you frightened me

Did these new shares end up selling?  I thought they were listed on GLBSE prior to the freeze, and they don't appear to be listed there anymore.  Thought I'd mention it in case the order was cancelled (intentionally or otherwise) during (or after) the freeze.

We'll be adding a prediction market, that  in and of itself is an excellent idea that has much merrit.

We are slowing adding measures to help reduce risk of fraud. We'll only find out in time which ones are most effective(without killing the market).

For a bond the only time I put up a bond was with my own cash as I never borrow money, but I am sure other people and companies cannot afford that.  I assume that the owners of companies that borrow money that is needed not only for the loan to open the company but also on the bond have to put up some kind of collateral.

I don't know how it would work with GLBSE but anything that gives some protection to shareholders, but I prefer a prediction market for asset failures more.

Bonding?

The thought is that it wouldn't be invested funds used for the bond, but profits from operations.  I will "give it a rest" as Nefario has requested and stop responding to questions on this thread.

So for the bonding, a listed asset on GLBSE basically borrows money from investors and saves a portion of that to pay them back in case the asset creator fails?

I think nefario should request some personal verification from all people listing assets on GLBSE or use some third-party verifier.

Give it a rest dude.

I am not lying about my operations and I don't have multiple listings on the GLBSE.  Therefore, Nefario will not lock my account.  However, for the sake of addressing your genuine concern...  I am pushing Nefario to instate a 'bonded by the GLBSE' program that will allow me to put up funds that will be paid out to my investors in the event the worst case scenario were to occur.

Hey now, put that tin-foil hat away.

Nope.  Not a case of the GLBSE not being updated.  The only evidence that I am not running a scam is the image showing the current hashing power of the company which is provided by a 3rd party (btcstats.net).  This is due to me being a financial analyst for a publicly traded company that covers financial instruments and legally not being able to confirm my identity as the issuer of shares in a company without risking the loss of my employment and barring of my securities licenses.  Let the tinfoil hats fall where they may.

OgNasty also doesn't seem to be verified on GLBSE and mergedmining.  Has GLBSE just not been updated?  Also, unlike TyGrr, MergedMining does not release a balance sheet.  Which is fine if that is OK with the share holders.

That's exactly the kind of mindset a scammer would promote.... o.O

How is it a conflict of interest? I told Goat this prior to him accepting our agreement. If Goat were to release my PMs, you'd know I'm eager to see the price of his assets fall so I can purchase them. I live in the US and have given Nefario my own ID. I'm still investing fair sums of money in Goat. If you count a personal loan to him, I have about 1.5k BTC with him. With as much at stake as I have (contrary to what znort may think  ), I believe I'm one of the most interested people in whether or not he's legitimate. I believe he is, the money is going toward what he says it is (he does have an account with Pirate in excess of 2k BTC, though that was put in there a long time ago, and as we lenders know where everyone ranks as having the most deposited with Pirate, am pretty sure Goat hasn't been significantly increasing his stake).

Also worth noting Goat has proven he has the hashing power of TyGrr Tech (and implied equipment, though I guess he could just be redirecting hashes from "Project #2" -- I'm not sure which was created first).


ETA: And yes, after converting image to pdf, then running through an OCR reader which picks up Thai, it does seem Goat is employed in Thailand, and has a now-understandably good knowledge of local beaches. -- I'll be converting the remaining documents to text, saving to the encrypted folder, then deleting them (less in the encrypted folder). If I find an address, I'll update to say I know which country he currently lives in.

ETA2: The OCR is not picking up the ID cards well. I'm having to edit a lot of the characters manually after trying to clean the image up so the OCR software can grab it more easily. This is taking a looooong time without a Thai keyboard. I suspect it will take multiple days to finish, though the OCR software has less problem with the work permit. That said, the Thai language has some nifty-looking characters. I especially like the ornate "u" with a taco over it.... safety pin, taco u, double cart-legs.... I really feel like I'm learning something here. ETA3: I'll be asking Goat to translate some of this for me. I'm having a Hell of a time locating a "u with a loop-de-loop over it on the right side" in the character map just for the transliteration.

Hands up! The cake Goat is a lie!