Bitcoin Forum

This is a notice that S.BITVPS will be ready for trading soon.

BitVPS is an ISP specializing in virtual private servers, dedicated servers, and managed services.  We accept Bitcoin primarily but have several PayPal customers. We have just expanded into three US based data centers and one European data center. (Chicago, Dallas, Los Angeles, and Amsterdam)

We generally operate debt-free and are profitable. Money is tight due to our ordering of a new VM node but we expect it to balance out by the end of the month.

Stats:
January: 21 New clients
Februrary: 15 New clients
March: 30 New clients
April: 8 New clients (so far)

Total customer count: 71

Details of the IPO can be found http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS

Last months earnings statement can be found here: http://www.bitvps.com/bitvps-march-earnings/

A question for you or MPEx: How does IPO allocation on MPEx function when demand outstrips supply? I can think of three different ways it could be set up:

1) First in, best dressed. Orders are filled at the bid price in order of bid placement at IPO ask price.
2) Proportional. Where there are more bids than IPO shares, bid orders are filled proportionally at IPO ask price (e.g. 60'000 bids; 30'000 shares on offer. Each bid is filled 50%).
3) Trades filled at bid price (auction style); bidders pay more than stated IPO price to secure shares.

I see pros and cons of each. Before placing my bid, I'd like to know which way the exchange functions.

@Brendio That'd be 1. The relevant parts are in the IPO contract (http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS),


Thus, once S.BVPS goes to trading on the 15th the first 30`000 orders at market price or limit no less than 220000 will receive 30`000 shares, the next 75`000 orders at market price or limit no less than 240000 will receive 75`000 shares and finally the next 45`000 orders at market price or limit no less than 260000 will receive the last 45`000 shares of this IPO. Subsequently BITVPS will not offer any more shares for a period of at least 30 days, and all further orders will have to be satisfied from initial underwriters taking profit/closing out.

Okay, I just wanted to check, because on GLBSE it would function like option 3 if there are bid orders at greater than 0.0022 BTC each at the time BitVPS places the offer at 0.0022 BTC.

Another question: Will the pending bids for the IPO be displayed on the contract page prior to issue so that one can gauge the level of demand?

No, you can't actually bid until the stock opens for trading.

Two strategies that may prove useful in getting early dibs are to have your order all signed, encrypted and ready to go (if you're not using the python script or something equivalent) and joining #bitcoin-otc-eu where you'll probably get early notice of trade opening.

Okay, that explains why my buy orders are not working. I've wasted a few bit cents getting a malformed buy order error message.

It would have been nice to get my buy in before open, as I'm not always at the computer.

Actually, that was a leftover from the beta days, there's no fee for malformed orders anymore. Your 6 bitcents were credited back to your acct.
Thanks for pointing it out.

@Chaang Noi If you haven't registered your key during the beta you will have to pay 20 BTC to have it registered, yes.

So you didn't "bother" to get it for free because you assumed it will not be free later on and therefore you will not be investing at all because you are too busy making triangular forex arbitrage bots that aren't triangular and don't arbitrage. With logic of that caliber I'd guess you'll be the one needing the luck. How're the pics (https://bitcointalk.org/index.php?topic=52081.msg837118#msg837118) coming along honeybuns?

lol u mad darling

There's > 50 people registered, and a tad more liquidity than anywhere else (excluding, of course, your fake bids on tygrr-bot atm).

ten bucks says more than half got in during the beta period

Why don't you take this to a MPEx thread?

Though in the spirit of honesty, I do agree 20BTC is a lot. But then I realize not everyone is as poor as me.

And reactions to potential customers like that ensure that very few people are going to pay up 20BTC when they can do their trading at GLBSE instead...

I think you may be misrepresenting what a "potential customer" is.

I've rarely seen it equated with "random troll" before, but I am glad to hear you will be starting an exchange to pilot the high seas of lulz with a trusty complement of such high-value, hard-hitting, dream customers. Or alternatively they could just express themselves on GLBSE.

Hey, at least it isn't an idiot that hardly knows how his own business runs and has a hard time elucidating his own thoughts.

Whom do you have in mind?

Not anyone specific, but it seems that we have an overabundance of such businesspeople.

Back on topic: Any update on when the IPO will be launched?

There's two kinds of people walking into any shop. There's the kind that are customers. Not "potential" or other crap, a customer is a customer before they buy anything. Then there's the kind that for whatever reason cannot be your customers. Maybe they cannot afford your services, maybe they have no need for your product, maybe they're just bored, home alone, whatever it is.

Sometimes this later category, which are not in any way customers, potential or otherwise, decide to spend their time devising little transactional ballet productions to convince you that it is because of you that they can't be your customers.

It's true that inexperienced middle management tends to occasionally take disciplinary measures against the staff on the words of these cockoos, but sooner or later they figure out that it's not too likely the otherwise peaceable clerk is suddenly incompetent at their job for half an hour while Joe Q. Nut is "being a potential customer" and then return to normal. Just as there's no car that has a bad shock for even miles but is fine for odd miles in a hundred mile trip.

This song and dance about the whole world being a customer is fine if you're just starting your way in life, and are doing McDonalds management or something. Otherwise, it's a little out of place in the real world. I normally don't bother training random strangers on the interwebz in the finer points of business, but your further comment about "business sense" suggests to me that you are actually not only unskilled & unaware of it but rather desperate for some sort of resolution. Here is your resolution, I happen to be the messenger and kinda know the future, too: you will shoot at me. Not that I mind, just sayin.


Bold claims are only bad for business after they are disproven. Before, they are great for business. So, rather than arguing pointlessly on a forum go ahead and disprove something.



I deeply regret we do not have the same sense of humour. Somehow, this does not cause me much alarm. Probably because I'm not a professional comedian. Maybe one day.


Shall I ask why are people with large egos worrisome to you or shall you tell us even if I don't?


I am kind of flattered by that MP[OE,Ex] there, means you paid attention. What's the worry here, tho? Goat throws honey while wearing a Fawkes mask and I what, resign and move to Burma? Flesh out a scenario, for my curiosity. Thanks.

@Brendio: A matter of hours. I am going to post an announcement here, so stay subbed.

On one hand I don't run anything, I'm just the person talking for it in those venues which the actual owner (Mr. Popescu) doesn't like.

On the other hand I imagine either way you cut the cake you're going to leave crumbs on the table, or in other words if not you for your reasons someone else for some other reasons. The judgment you propose would be solid if it weren't standing on just a leg. Either way in the end I don't think anyone's too agitated: if you can afford the luxury of passing based on the criteria you presented it's quite certain you have no actual need to be satisfied here. At any rate I am pretty sure the goal of MPEx isn't to collect each and every last person with some bitcoins somewhere. It's selective, if you will.

Maybe a more productive attitude on your part would be not "what weird points of style can I pontificate about in the general direction of this person" but "why would MPEx condescend to allow me among the hallowed halls of its tradefloors". I'm just proposing this as a mental exercise, in a quest for balance and all, don't jump.

There's people who have found bugs, contributed code... In other words the bar, as you say, is pretty damn high. So far you're not bringing anything productive to the table, you're in fact one of the people that I'm paid to insulate the rest of MPEx from.

As to the long term: other than the fact we're all dead, see you there.

Seriously now, something charging 0.2% seller fee (no buyer fee) strikes you like made-to-make-money? We're not MtGox (https://bitcointalk.org/index.php?topic=76723.0) over here you know.

This stock is now trading under S.BVPS. Have fun all.

Wow, I am amazed at how many people bought shares.

Amazing. Congrats to everyone who got in early!!

James

http://polimedia.us/trilema/wp-content/uploads/2012/04/bitvps-ipo.jpg

Cheers rg.

I am hereby offering brokerage service for those who want to purchase BitVPS shares but for whatever reason do not use MPEx. I will charge 5% commission and have a minimum order volume of 5 BTC.

See otc or list of honest traders for my references.

If there is sufficient demand I will list depositary receipt on GLBSE for BVPS.

I don't know what all this extra fluff in this thread is about, but I thought I would come here to spread some good karma.  I've run at least 20 websites in the past and I have to say it was a pleasure purchasing a VPS from BitVPS.  The whole process was super easy, the prices are extremely reasonable, the communication was FANTASTIC.  Any website I make in the future will definitely be hosted by BitVPS.  I would recommend them to anybody.

Yea, it is sad to have to ignore MPOE's own PR person...

I note the investor relations section hasn't been updated for quite some time now. Given the latest dividend figure, some detailed information on what's going on with the company financials is beyond due.

December financials.

https://docs.google.com/spreadsheet/ccc?key=0AvwwyRGyc1WgdDFvQWJnZnRZQWJfbk1mNHYtVzhPR0E#gid=0

S.BVPS to be delisted February 15 (http://polimedia.us/trilema/2013/sbvps-delisting-notice/).

Will there be a buyback by majority holder (new owner) or will this be another "listing delete, we stole your coin" case on your stinky bazaar.

Ugh...

MPEx is only the exchange on which BitVPS was listed.

It seems BitVPS' previous owner 'sold' his controlling interest - in the process breaking the contract he'd signed when listing the company.  If a company doesn't adhere to its agreement with the exchange then what do you think the exchange is meant to do?  Ignore it and continue listing them?  The exchange can't do that - once it knows the contract isn't being honoured it would be wrong for the exchange to allow trading to continue knowing that new investors may be misled by a contract published by the exchange which the exchange KNOWS isn't being honoured.

You need to get over your dislike of MPEx/and MP/MPOE-PR and realise that, in this case at least, the ONLY reasonable action available to MPEx is to delist the company.  So long as they provide investors with proof of holding the shares then investors can pursue whatever action (or negotiate any settlement) they choose against/with the company.

An exchange isn't liable if a company listed on it acts in bad faith (which is pretty clearly what's happened here)  The exchange can't guarantee that any company it lists will honour its promises - all it can do is delist companies if they clearly fail to adhere to their contract or remedy any defects.

So will this so called exchange provide the identification needed and testify in order to sue the ghost rapist?

You forget that the pornographer Mircea Popescu is friend with the rapist, check before posting.

Look at his OTC ratings: http://bitcoin-otc.com/viewratingdetail.php?nick=rg  ???. I would say OTC is useless.

There are many options. Delisting and telling everyone to just fuck off is exactly what can be expected form a narcissistic fucktard like Mircea Popescu.
Why not halt the trading for start and provide a way to work this out between investors and those thieving scumbags at BitVPS.
But no, pompous little fuck pulls a date out of his hairy ars, posts some crap on his egomaniacal blog, where he keeps jerking off to the sound of his own voice, and that's it.

I mean really, did any of you actually expected something more from that little funny man? I did not.
LOL, MPEX is starting to look like a bigger fuck up GLBSE ever was.

I'll certainly be rating rg accordingly later this evening (-10).

RG is gone but will receive a list of holders. He can pass it down to us.

RG is gone and basically just gave BitVPS away. Me, arij & phungus now manage it.

I'll have to discuss it with arij & phungus. We might do a buyback or relist it.

Yes, please don't let the delisting from MPEX taint your picture of BitVPS. We're still operating 100% and now we actually have the remaining information that we were missing from RG when he "handed" it to us.

Shareholders will be taken care of. The majority of the shares were still owned by the company or company officials anyway.

-p

Will you let me quote you for an ad, yet?  :-[  ;D

The Bitcoin Stock Exchange - now with just two real stocks.

Eh, what do you want? RG's contract was long broken. He's free to take any action he wants against listed assets that don't conform with his exchange's rules.

What's in it for me :) and what is the part exactly you like to use? Please feel free to PM me :) (As I replied to theymos, you can contact me directly) 

BTW, I'll retract "...thieving scumbags at BitVPS", for the moment because they finally managed to post some information.  :-*

It is a bit unclear, how Co's representative rg departure from BitVPS automagically invalidates a contract for good, but I guess in a loony-town like mpex, everything is possible.

Absolutely. It would be fraud to continue to list S.BVPS. I'm just commenting on how "the" bitcoin stock exchange only has 2 real stocks now, while other platforms have much more.

When I was a kid I lived close to a large vegetable growing operation. They had two greenhouses, one was ~600k sq feet, the other ~500k sq feet.

I on the other hand had about a dozen or so pots on the windowsill, growing basil and whatnot.

Which dozen pots on the windowsill, as I am sure an astute observer such as yourself has caught on, ARE SO VERY MUCH MORE.

Wow, what planet are you from, again? :-)

-p

How exactly they will be taken care of, did you announce it somewhere, do you have a plan? Or are you again waiting for things to solve themselves somehow and thus further prove your utter ineptitude in this area? What should i tell my brokerage clients when next week their shares go *poof*?

We're supposed to get the list of holders. We'll probably move to BTCT.co

All shareholders will be able to sign a message with their MPEx key upon which I'll transfer their S.BVPS to the account they requested.

I see. So I'm probably sending coinbr users e-mail that if they won't sell the shares, they'll probably have to create BTCT account where they probably receive the new shares.

List of S.BVPS shareholders at time of delisting:

Acknowledged and decrypted on our side. Everything looks good. We only have one person on that list that has not already sent us a signature.

Thank you.