Title: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 07:01:52 PM I am happy to announce the official launch of ZipConf IPO
All the information you need can be found in here https://docs.google.com/document/d/1zhBdJqp8z4bg6MKcC7yanzuiQtWJmsGQNQ7yVdDAuLU/edit Share name: ZIP.A Share price: 0.5 Amount of shares: 10000 total out of 2000 was sold in Pre-IPO and 8000 was sold at the IPO. Contract: Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. Bonds have no voting rights. The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings and pay out a final dividend. The Issuer has the right to buy back, at any time, all bonds issued for twice the price of the previous 120 hour average market price. What will the capital be used for? The capital raised from the initial IPO will primarily be used for ongoing management, systems maintenance as well as further development of the underlying technology. How do I invest in ZipConf? We will be offering shares in an IPO at GLBSE (ZIP.A at GLBSE) .The initial share price is 0.5 BTC per share and we will be issuing 20% of the company profits from fees, or 10,000 shares. Out of these 10,000 shares, 8,000 will be sold to the public while 2000 shares will be held by management,founders or sold off during the pre-IPO. What are the estimated profits of ZipConf? The current estimated profits are 1440 BTC per month, which is equal to 288 BTC in dividends owed to the outstanding 10,000 bonds. This corresponds to an average of 0.03 BTC per coupon, or a 6% monthly return relative to the face value of the bond. One bond represents (is entitled to) 1/50 000 of the fees collected by ZipConf, bondholders do not hold any voting rights or any of the company assets. When will the profits be paid out? Dividends will be paid out on weekly, every Friday. GLBSE Contact Ludvig (DeaDTerra) Email: ludvig@zipconf.com Skype: terragubben PM: Bitcointalk If you have any questions or concerns please use any of the contact information above to contact me :) //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: runlinux on May 03, 2012, 07:16:32 PM Awesome!
Count me in! Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 07:33:47 PM Awesome! Great! We are currently having some difficulties and we have contacted Nefario about it, the shares should be up for sale again in just a couple of minutes :)Count me in! //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: runlinux on May 03, 2012, 07:34:55 PM oh, I already got mine :)
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 07:44:40 PM Shares are up for sale again :) Problem is fixed
//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Kluge on May 03, 2012, 07:47:24 PM Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE.
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 07:49:18 PM Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE. No problems :) There are still a couple of thousand shares left, so go get some while you can//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Kluge on May 03, 2012, 08:03:48 PM Thanks for speedy delivery of pre-IPO shares. Have very few remaining coins on hand, but sending some to GLBSE. No problems :) There are still a couple of thousand shares left, so go get some while you can//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: zapeta on May 03, 2012, 08:04:38 PM It's so easy to imagine demand for this product because I'm already frustrated waiting for the 6 confs to get funds credited in my GLBSE account. :D This x1000... Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 08:05:49 PM It's so easy to imagine demand for this product because I'm already frustrated waiting for the 6 confs to get funds credited in my GLBSE account. :D This x1000... Hope you guys make it in time //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: kronosvl on May 03, 2012, 08:09:53 PM Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. ... When will the profits be paid out?[/i] Dividends will be paid out on the 1st and on the 15th of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date. am I missing something or those 2 contradict each other? other than that interesting IPO good luck Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 03, 2012, 08:15:49 PM Each bond has a face value of 0.5 BTC and gives the holder the right to 1/50,000 of all fees collected by the ZipConf service (“Issuer”), paid weekly (Friday) based on the prior week's earnings. ... When will the profits be paid out?[/i] Dividends will be paid out on the 1st and on the 15th of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date. am I missing something or those 2 contradict each other? other than that interesting IPO good luck //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 05, 2012, 09:18:29 AM Happy news! All the IPO shares were sold and have gathered a total of 5000 BTC to ZipConf. You can still buy shares from the after market if your interested in investing with us :)
The problem with that the additional 10 000 shares were issued is now fixed, for the whole report check the google document. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: m_yaw on May 05, 2012, 03:48:12 PM interesting project!
could you elaborate a little bit on your 1440 BTC revenue estimate? Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 05, 2012, 04:04:29 PM interesting project! Thank you :)could you elaborate a little bit on your 1440 BTC revenue estimate? it's a rough estimate on how much volume we think we will receive using the data for how much BTC is transfered using MTGOx codes etc as a basis of the estimate as well as the current partners volumes once the service goes live :) As it's said it's a estimate not a set in stone number, once the service is released we will release that data for the Share holders. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: runlinux on May 06, 2012, 01:06:57 AM OMFG... Sent coins to my MtGox address and coins where in my account in less than 10 second.
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 06, 2012, 08:15:08 AM OMFG... Sent coins to my MtGox address and coins where in my account in less than 10 second. Indeed, it's truly a revolutionary service :D it's so insanely fast :P//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 07, 2012, 12:49:02 PM The first dividend has been paid out to the share holders! a total of 72 BTC was paid out to the 10 000 shares :)
ZipConf is very close to release if you have not followed the new I recommend doing that at https://docs.google.com/document/d/1zhBdJqp8z4bg6MKcC7yanzuiQtWJmsGQNQ7yVdDAuLU/edit Payment date | Total paid | Shares paid | Payment per share 2012-05-07 03:31 71.99991728 9392 0.00766609 There will be another major announcement in a couple of days, that I am sure many of you will appreciate :D Once the service goes like make sure to check it out :D It's really amazing! //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 07, 2012, 01:35:31 PM Nice. Was that made from people already using the beta service? Part of it was made from people in beta and part was made from a side project owned by ZipConf that utilizes the ZipConf service (sorry for the secrecy but can't tell you more then that atm).//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Trevor on May 14, 2012, 04:19:37 PM What's going on with this?
Title: Re: [GLBSE] ZipConf bond Post by: Blazr on May 14, 2012, 04:21:19 PM Were dividends supposed to be paid today?
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 14, 2012, 04:42:16 PM What's going on with this? News so far is this"New partners btctree integration with zipconf will be finished by the end of the week. bitcoinrebate - Instant Bitcoin Rebate Auction. Need I say more? Bid windows of 30 seconds, highest bid wins the arb. In private beta. Email admin@zipconf.com for a username and password. Note: ZIP.A has acquired 10% of bitcoinrebate profits in exchange for 0% fees through zipconf. This will increase the weekly dividend. UPDATE: BitcoinRebate.com IPO listing is now live here. ZIP.A has acquired 5000 shares of REBATE in a 0% fee for stock deal. Potential Partners " Also a up and coming partnership with kronos.io a leverage, speculation platform that uses ZipConf for it's underlining structure, this will ofc mean more volume for ZipConf which is more fees and better dividends :) More about Kronos can be found here http://www.thebitcointrader.com/2012/05/meet-kronosio-ringcoins-answer-to.html More info about Rebate, the Rebate IPO and what the company is about can be found at https://docs.google.com/a/zipconf.com/document/d/1XDuigEcbq5rL1RP0frrBZ2rZ65fFz1phHUgKUYROOT8/edit The IPO for Rebate is on the 21th of may :) This and all other updates can be found at https://docs.google.com/document/d/1zhBdJqp8z4bg6MKcC7yanzuiQtWJmsGQNQ7yVdDAuLU/edit which is regularly updated. If there's any more questions please do ask //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 14, 2012, 04:43:34 PM Were dividends supposed to be paid today? yes they are in approximately 3 hours :)Monday 12:01am PST is the official time for the dividends //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 14, 2012, 07:35:51 PM Another dividend has been paid out!
At 2012-05-14 13:25:02 50 BTC was paid out to the 10 000 Share holders :) Making it a 0.005 BTC per share, or 1% ROI on the IPO share price. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 21, 2012, 08:01:56 PM The dividend is a bit delayed this week due to some GLBSE issues, the issuer is having trouble logging in. This will be fixed asap and hopefully the dividends will roll out in a couple of hours :)
//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: GoWest on May 24, 2012, 01:14:04 AM Kronos.io (http://kronos.io/) went into private beta yesterday. Once running, it'll be a huge revenue generator for ZipConf.
Title: Re: [GLBSE] ZipConf bond Post by: E on May 27, 2012, 04:44:42 AM Subbing as I am a shareholder Ditto!Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 29, 2012, 06:12:20 PM Zip.A will soon be moved to the new exchange Hermes, for more info check
https://bitcointalk.org/index.php?topic=77343.msg928697#msg928697 //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Serge on May 29, 2012, 07:48:43 PM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 29, 2012, 07:50:47 PM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We guarantee that the shares will follow over to the new exchange, it will be smooth and done correctly I assure you.We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: m_yaw on May 29, 2012, 11:45:20 PM Can you give more details on how the shares will be transferred to this new exchange?
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 05:10:41 AM Can you give more details on how the shares will be transferred to this new exchange? More information and details will be released in a official statement when we get closer to the transfer to Hermes.//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Nefario on May 30, 2012, 06:19:40 AM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered.//DeaDTerra Why not? This functionality has not been disabled. Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 06:47:17 AM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered.//DeaDTerra Why not? This functionality has not been disabled. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: m_yaw on May 30, 2012, 10:09:46 AM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered.//DeaDTerra Why not? This functionality has not been disabled. Exactly. As a shareholder of zipconf I would be happier to get dividends paid out since we don't know when this new stock exchange is actually coming. Could be days, could be weeks! Title: Re: [GLBSE] ZipConf bond Post by: farfiman on May 30, 2012, 10:30:28 AM ^Yes^
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 12:09:40 PM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered.//DeaDTerra Why not? This functionality has not been disabled. Exactly. As a shareholder of zipconf I would be happier to get dividends paid out since we don't know when this new stock exchange is actually coming. Could be days, could be weeks! //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: runlinux on May 30, 2012, 01:13:08 PM I sold my shares yesterday and moved them into other investments as I was not going to be receiving dividends. I hate money that sits and does not work for me.
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 01:51:37 PM I sold my shares yesterday and moved them into other investments as I was not going to be receiving dividends. I hate money that sits and does not work for me. Understandable, as I said I will try to talk sense into JRO atm he's offline but when he comes online I will try to convince him to pay dividends until he switched exchange.//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 05:10:10 PM Good News everyone!
JRO (the Issuer) has gotten to his senses again, Rebate,ZIP.A and all other BDK/JRO ventures will function as normal until the switch to Hermes. Dividends will be paid as usual and trading will be open as usual. When Hermes is ready the share holders will be asked to switch, until all share holders have switched dividends will still be paid on GLBSE :) //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Blazr on May 30, 2012, 05:27:02 PM Good News everyone! JRO (the Issuer) has gotten to his senses again, Rebate,ZIP.A and all other BDK/JRO ventures will function as normal until the switch to Hermes. Dividends will be paid as usual and trading will be open as usual. When Hermes is ready the share holders will be asked to switch, until all share holders have switched dividends will still be paid on GLBSE :) //DeaDTerra Thats great news, had almost dumped my shares earlier today. Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on May 30, 2012, 05:35:02 PM Good News everyone! JRO (the Issuer) has gotten to his senses again, Rebate,ZIP.A and all other BDK/JRO ventures will function as normal until the switch to Hermes. Dividends will be paid as usual and trading will be open as usual. When Hermes is ready the share holders will be asked to switch, until all share holders have switched dividends will still be paid on GLBSE :) //DeaDTerra Thats great news, had almost dumped my shares earlier today. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: runlinux on May 30, 2012, 05:51:16 PM Glad I took a loss :-\
Title: Re: [GLBSE] ZipConf bond Post by: xkrikl on May 31, 2012, 07:24:59 AM And so the dividend from last Friday will be sent to us any time soon? Or is it just skipped and next Friday we'll get dividends for 2 weeks?
Title: Re: [GLBSE] ZipConf bond Post by: Jonathan Ryan Owens on May 31, 2012, 10:19:57 AM hopefully it will be a smooth transition, don't want to lose any shares moving to a new platform in the process We will not be able to pay dividends until Hermes is up and running, so the dividends will be paid once all shares have been transfered.//DeaDTerra Why not? This functionality has not been disabled. I misunderstood the account limitation and thought all functionality had been disabled, which is why I told Ludvig that we'd have a claims page, and that I'd pay out in arrears after we re-established at hermes. I just went to glbse to make a wallet transfer, but the site is not resolving. I'll handle it in the morning, then. -Jonathan Title: Re: [GLBSE] ZipConf bond Post by: lky_svn on June 01, 2012, 06:46:20 PM And so the dividend from last Friday will be sent to us any time soon? Or is it just skipped and next Friday we'll get dividends for 2 weeks? Excellent question - any news? Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 01, 2012, 07:00:13 PM And so the dividend from last Friday will be sent to us any time soon? Or is it just skipped and next Friday we'll get dividends for 2 weeks? Excellent question - any news? //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Blazr on June 02, 2012, 03:18:53 AM The dividend should be paid out today :) //DeaDTerra No dividend paid out? Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 02, 2012, 11:25:52 AM The dividend should be paid out today :) //DeaDTerra No dividend paid out? //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: farfiman on June 03, 2012, 07:06:53 AM Reliability is the one of the most important things in this community.
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 03, 2012, 09:34:38 AM Reliability is the one of the most important things in this community. Indeed, it is. Scheduled and reliable dividends is the way to a high valued company.Unfortunately JRO has a lot to do and he's traveling a lot hence I have a hard time getting a hold of him, I am really sorry for this, I am doing my best to get a hold of him. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Matthew N. Wright on June 03, 2012, 09:41:13 AM Reliability is the one of the most important things in this community. Indeed, it is. Scheduled and reliable dividends is the way to a high valued company.Unfortunately JRO has a lot to do and he's traveling a lot hence I have a hard time getting a hold of him, I am really sorry for this, I am doing my best to get a hold of him. //DeaDTerra I confirm. Jonathan is traveling a lot right now and as new acting COO I will be picking up the slack from this point on more and more. There are still some things we cannot do without Jonathan, but I have learned my lesson with the Bitcoin Magazine not to lock away key tasks to certain individuals only. Eric Lombrozo (CTO) and I (COO) are restructuring the operations a bit to allow for a smoother, speedier and more reliable handling of customer support, infrastructure, security and financial related task for the whole product family, not just Kronos. Title: Re: [GLBSE] ZipConf bond Post by: E on June 03, 2012, 08:30:05 PM Reliability is the one of the most important things in this community. Indeed, it is. Scheduled and reliable dividends is the way to a high valued company.Unfortunately JRO has a lot to do and he's traveling a lot hence I have a hard time getting a hold of him, I am really sorry for this, I am doing my best to get a hold of him. //DeaDTerra It wouldn't be a bad idea to put the unpaid dividends in a holding address to some publicly visible set-aside location until the GLBSE account issues are resolved. Title: Re: [GLBSE] ZipConf bond Post by: Matthew N. Wright on June 03, 2012, 08:35:27 PM Reliability is the one of the most important things in this community. Indeed, it is. Scheduled and reliable dividends is the way to a high valued company.Unfortunately JRO has a lot to do and he's traveling a lot hence I have a hard time getting a hold of him, I am really sorry for this, I am doing my best to get a hold of him. //DeaDTerra It wouldn't be a bad idea to put the unpaid dividends in a holding address to some publicly visible set-aside location until the GLBSE account issues are resolved. Noted. Title: Re: [GLBSE] ZipConf bond Post by: m_yaw on June 04, 2012, 11:32:07 AM :(
So, we are approaching another week without dividend payments? Title: Re: [GLBSE] ZipConf bond Post by: Kluge on June 04, 2012, 11:30:55 PM :( Two dividends were paid a few hours ago, fwiw. 75BTC + 70BTC. Waiting for more info.So, we are approaching another week without dividend payments? Title: Re: [GLBSE] ZipConf bond Post by: dollartrader on June 14, 2012, 07:02:31 AM Any news, updates or dividends this week?
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 14, 2012, 07:16:02 AM Any news, updates or dividends this week? It should be on time as far as I know, I was in contact with JRO a couple of days ago and he was all fine. I am going to send a message to him to remind him and hopefully he will pay it out on time :)//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: farfiman on June 14, 2012, 08:19:57 AM Any news, updates or dividends this week? It should be on time as far as I know, I was in contact with JRO a couple of days ago and he was all fine. I am going to send a message to him to remind him and hopefully he will pay it out on time :)//DeaDTerra It isn't on time already.. last div's were on the 5th... Title: Re: [GLBSE] ZipConf bond Post by: unclescrooge on June 14, 2012, 12:56:09 PM man, seriously...
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 14, 2012, 01:00:27 PM Any news, updates or dividends this week? It should be on time as far as I know, I was in contact with JRO a couple of days ago and he was all fine. I am going to send a message to him to remind him and hopefully he will pay it out on time :)//DeaDTerra It isn't on time already.. last div's were on the 5th... //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: farfiman on June 14, 2012, 01:20:21 PM Maybe you aren't to blame but you are the one taking the heat.
When the divs weren't paid out last time we got apologies all around and the divs were finally paid out. I have high hopes for ZipConf but this doesn't give confidence . Either someone else has to have the ability to move money around or find some other solution- pay divs once in 2 weeks officially even. Enough said and I hope you will take this as constructional criticism and not just some trolling. I really do think this bond will deliver very nice profits when all the dots get connected! :) Title: Re: [GLBSE] ZipConf bond Post by: lky_svn on June 15, 2012, 04:48:19 PM any update on this week's dividends? Shouldn't they have been paid Monday?
If they'll be paid next week (again), can you state the planned dividends? Good idea to restructure stuff so that people can fill in for each other, and not relying completely on individuals.... Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 15, 2012, 04:50:46 PM any update on this week's dividends? Shouldn't they have been paid Monday? Yes there will be a double dividend next week instead, If they'll be paid next week (again), can you state the planned dividends? Good idea to restructure stuff so that people can fill in for each other, and not relying completely on individuals.... I will suggest this to JRO, as he's very busy at the moment it might be best if I take over the dividend payment for now. //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on June 18, 2012, 05:10:49 PM A double dividend has been paid as according to the contract
2012-06-18 02:52 61.9999241 9937 0.0062393 2012-06-18 02:53 62.99998378 9937 0.00633994 Sorry for the delay of last weeks dividend :) //DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: SNS on July 28, 2012, 01:08:37 PM Any news?
The project is frozen? Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 08, 2012, 08:29:42 PM Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly.
Title: Re: [GLBSE] ZipConf bond Post by: Bitcoin Oz on August 09, 2012, 05:58:31 AM Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly. Read this. The other asset issued by these people has also stopped paying dividends. https://bitcointalk.org/index.php?topic=83784.msg1087868#msg1087868 Title: Re: [GLBSE] ZipConf bond Post by: Nefario on August 09, 2012, 02:53:20 PM The issuer contacted and trading of this asset has been frozen until further notice.
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer JRO, Jonathan Ryan Owens. Nefario Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 10, 2012, 06:54:57 PM Read this. The other asset issued by these people has also stopped paying dividends. https://bitcointalk.org/index.php?topic=83784.msg1087868#msg1087868 Thanks, I hadn't seen that. So from what I gather the issuer just left all his BTC-businesses behind? Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave? Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow. I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it. Title: Re: [GLBSE] ZipConf bond Post by: cytokine on August 10, 2012, 06:59:09 PM Thanks, I hadn't seen that. So from what I gather the issuer just left all his BTC-businesses behind? Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave? Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow. I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it. Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price. So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares). Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 10, 2012, 07:16:33 PM Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price. So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares). At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Regarding buy-back, the contract states that The Issuer has the right to buy back, at any time, all bonds issued for twice the price of the previous 120 hour average market price. As shares have been traded for around 0.5 BTC for some time, I guess buy back should be at around 1 BTC then. That would, however, be the best possible scenario. We'll probably get less than that, if anything. Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 11, 2012, 06:31:19 PM ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him. Any chance that any funds from ZIP.A will be recovered and returned to investors? At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Title: Re: [GLBSE] ZipConf bond Post by: Nefario on August 11, 2012, 06:40:59 PM ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him. Any chance that any funds from ZIP.A will be recovered and returned to investors? At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. If we can get JRO to return the funds for ZIP.A then yes, if not then no. Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 11, 2012, 06:45:43 PM Any chance that any funds from ZIP.A will be recovere and returned to investors? If we can get JRO to return the funds for ZIP.A then yes, if not then no. Ok, thanks! Hope it all works out. Title: Re: [GLBSE] ZipConf bond Post by: sunnankar on August 11, 2012, 07:11:39 PM At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Could possibly be breaches of fiduciary duties (http://en.wikipedia.org/wiki/Fiduciary) and embezzlement (http://en.wikipedia.org/wiki/Embezzlement). Title: Re: [GLBSE] ZipConf bond Post by: Bitcoin Oz on August 12, 2012, 03:07:10 AM ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him. Any chance that any funds from ZIP.A will be recovered and returned to investors? At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Its also called a ponzi scam if he paid dividends from new investments. Title: Re: [GLBSE] ZipConf bond Post by: piotr_n on August 12, 2012, 07:55:40 AM Maybe he was arrested for a crime he did not commit .. I think drugs are more likely. You can get arrested just as easily, even though it isn't a real crime :)Title: Re: [GLBSE] ZipConf bond Post by: Rockefoten on August 12, 2012, 11:26:32 AM At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Its also called a ponzi scam if he paid dividends from new investments. If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid. I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors. Title: Re: [GLBSE] ZipConf bond Post by: SNS on August 15, 2012, 10:24:00 AM JRO has been online on August 14. He replied to a message to someone?
Title: Re: [GLBSE] ZipConf bond Post by: DeaDTerra on August 15, 2012, 10:28:02 AM JRO has been online on August 14. He replied to a message to someone? I got a message on the 12th where he explained the situation and that he was working on raising capital. But I never got the chance to talk to him and since then I have been unable to contact him :8//DeaDTerra Title: Re: [GLBSE] ZipConf bond Post by: Bitcoin Oz on August 15, 2012, 10:28:28 AM At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Its also called a ponzi scam if he paid dividends from new investments. If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid. I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors. You could probably pay dividends for some time from the IPO funds. Title: Re: [GLBSE] ZipConf bond Post by: Nefario on August 15, 2012, 11:15:57 AM At least it doesn't seem to be a scam, as dividends have been payed for a couple of months. Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam.. Its also called a ponzi scam if he paid dividends from new investments. If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid. I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors. You could probably pay dividends for some time from the IPO funds. I spoke to him today on the phone. He said he would be commenting on this thread tomorrow (he was going to bed at the time) and does plan to updat everyone as to ZipConf's current situation, and the return of funds if any. He also stated that he would be matching bitdaytrades payment of 1000BTC for the REBATE asset, and would be commenting on that thread as well. Title: Re: [GLBSE] ZipConf bond Post by: farfiman on August 15, 2012, 02:34:09 PM yay
Title: Re: [GLBSE] ZipConf bond Post by: burger on August 25, 2012, 09:11:03 PM JRO posted update https://bitcointalk.org/index.php?topic=101098.0 (https://bitcointalk.org/index.php?topic=101098.0)
Edit: I found an unlocked thread here: https://bitcointalk.org/index.php?topic=101109.0 (https://bitcointalk.org/index.php?topic=101109.0) Title: Re: [GLBSE] ZipConf bond Post by: phelix on August 30, 2012, 03:08:42 PM down the drain... again :'(
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