Bitcoin Forum

2. Insuring pirate pass-through bonds of any kind (and similar finaicial instruments)
This will be done on a customer-by-customer basis as funds allow. The cost for such a contract at 100% backing will be 1% of asset value for each 5% in expected interest rate. Term is generally upon coupon payout (1 week) and must be purchased in advance.

1c. Commitment to 100% backing
All insured securities are 100% backed by segregated asset accounts for their exposure unit group. These segregated accounts will have no other customer claims applied against them. This means we won't leverage our assets to cover two separate types of contracts at once, but we may pool resources to cover similar contracts (see: "1. Large number of similar exposure units" in customer contract preamble).

And yes it's a little difficult to understand, so if you have a better way to word this let me know. I'll be thinking of a simpler wording as well.

depending on [...] the rate of return.

Good luck, but how will you account for fraudulent claims?

That is a very open question. Could you give me an example or two?

Huh? Where'd you get that number? I'm confused -- it sounds like you just made that up.

See response to cunicula. I'm not interested in responding to baseless accusations and nitpicking. I'll say this -- you clearly don't get the in-joke about the name I chose for the company. Not meaning to be rude, but that is probably because you are a lot younger than me. Anyways, if you have a question about the business, go ahead and ask and I'll do my best to answer it.

... This is bitcoin -- the contracts are in bitcoin, the contracts don't insure the dollar value of /anything/. What would someone do, sue for bitcoins? It doesn't make sense. And where? I have no intention of going to the USA ever, and I am not an American. Even if I was in the USA, Everyone knows is a game of trust. That's just how it is. That's how it is with everything. Not just CPA, but any mining company, any investment, anything...


...With subrogation clauses and mitigation clauses written into the contract, there would be virtually no contest of such a suit even being considered. It would be cut and dry; you broke your contract, you get no coverage. If someone was dumb enough to try to sue us over such a cut an dried case we'd be forced to counter-sue...

You have no legal recourse against anything, ever, at any time, in this bitcoin world.

But that is why I am making this company.  ;D

This will never work. You rep in bitcoin community is basily zero and you want to run this huge insurance scam on a word of mouth ???

You can't sue someone for bitcoins. But if you could, and it turned out to be something we needed to deal with, I would just have to let a lawyer handle it.

We've been in talks with people who are going to be, potentially, investing 1000's of bitcoins into our IPO.

A customer's perception of how much CPA reduces their risk will be what drives the number of customers you receive and the premiums you can charge them.

If you have large investors who can vouch for CPA in any way, especially if they are "known members of the community," that would undoubtedly help reassure your potential customers that the company is sound.

A customer's perception of how much CPA reduces their risk will be what drives the number of customers you receive and the premiums you can charge them.

I have been talking with usagi about investing in CPA, he seems to know what he's talking about and I am going to personally make sure things are run correctly. I have been helping and supporting CPA as I think it's something the community needs and it could potentially be very successful. Gamma Bitcoin Fund will potentially invest a big amount of Bitcoins into CPA, the exact details has not yet been decided but I can vouch for CPA and Usagi, so far Usagi seems to know what he's doing his planning and idea is sound and I hope that his execution will be so as well.
//DeaDTerra

Isn't Usagi she?  Just make sure you know who are you dealing with  8)

CPA, launched this week. Usagi also known as Tsukino released a public announcement of the insurance company called CPA https://bitcointalk.org/index.php?topic=85444.0
As I have talked to Usagi and worked closely with him the most recent couple of days with BMF and ensuring that it's run properly, I was also told about CPA. I think it's a really good idea and a great thing that the community is currently missing, so I have decided to help out. I have talked to Usagi at length about different aspects of the company and the venture, and I have to say I am impressed, he was on top of everything and could give me detailed and ensuring answers. He seems to have the knowledge and skills to make it and create the first every Bitcoin insurance company. Hence I have decided to join him and help him out, I am going to act as Investor relationship managers
//DeaDTerra

(that's not really our phone number o_o )

 :D

Of course we can't answer questions about security on a public forum. This does not mean we follow a policy of security by obscurity; it just means I can't answer those questions here.

Anyways, yes, we are a real insurance company. We've signed over 1,500 BTC worth of coverage already and are staring about 5,000 BTC of coverage in the face which we are scrambling to get capital for. And I don't even advertise! There are a few thousand BTC on the way from various sources, various investors. At least four people have promised to buy in, but they're being excruciatingly slow about it.

We need funding! Ahh, we have much more business than we can take. This is growing much faster than I imagined. We're a success, and I'm happy about that. I just have to take it slow and be patient.

We have procedures in place which will detect fraud and scams of that nature.

Right now I would need to do some research before I took on such a contract (1-3 days). However I would do it. The contract would be written in bitcoins, and there would be no rebates, however :)

If you are queazy about that may I suggest insurance extension? Say, a 100 bitcoin extension for 1 bitcoin. In the event of an accident, you provide me with your papers, and I provide you with 100 bitcoins. That might work. You're not a reckless driver are you? :)

Again though I would need time to research the rates on something like this, but I can guarantee you they would be cheaper than what you pay in AUD. We're a real insurance company, not a bloodsucking conglomerate.

Thanks.


Well, most insurance policies will just pay you for the damages. If you incur 70 bitcoins of damage, we aren't going to pay out the entire claim ;-)

No moral hazard there.

Recieved 1st Div's and very happy :)

<<<MOVED FROM THE YARR THREAD>>>

This financial information is available and quite a number of people have access to it, but it must remain confidential and NOT public due to our customer's requests. Some of them have requested anonymity. As it is possible to discern the identity of our clients with access to the info, and as some of that info is simply private, we will not be releasing that information any time soon to people who have not invested money with us (as they would have an incentive to protect the customer's information).  That being said I am working on a series of spreadsheets that will be released soon, to the public, which should help.

Until then you will have better luck getting Pirate to expose his books. Unfortunately that is simply the nature of this game, and I sincerely apologize if you do not trust me and prefer to invest directly with Pirate.

Anyway, if you're interested in becoming an insider, that could be arranged. You would have full access to company info then, and a round table-style discussion list where we discuss company policy. There are 4 or 5 members besides myself. I have to admit we would love someone with your experience to come on board.

CPA's e-mail is cpa@tsukino.ca -- that is probably your best bet for information on CPA. I guess you are under the impression this is me alone doing this. That is true, in the sense that we haven't hammered out a corporate structure yet. Maybe this is something you could assist us with if you were to join us.

I trust Patrick to verify you are legit and hope he takes the offer.

One way you can prove you actually have the assets backing your claims is to regularly move coins around after pre announcing the addresses you move it to.

I trust Patrick to verify you are legit and hope he takes the offer.

One way you can prove you actually have the assets backing your claims is to regularly move coins around after pre announcing the addresses you move it to.

In the event of a full pirate default, NYAN.C will loose out, and CPA holds NYAN which holds NYAN.C. Then we have contracts on the outside as well. All in all CPA will remain very solvent, it may lose 20% of it's value in a full default. But we stands just as ready to gain 20% if pirate doesn't default.

So play your cards :) Buy or sell, and only the future knows what will happen :)

I'm sorry if I'm misunderstanding something here  (I don't really know what launching all zigs means...),

I might have said something like that, but you're going to have to quote me, as I didn't say anything like that in this thread. I'm not denying I said it, but I think you should provide more context. Was I talking about CPA? Was I talking about BMF? YARR? NYAN? Something else? I probably wasn't talking about CPA. That didn't appear in this thread so...

In the event of a full pirate default, NYAN.C will loose out, and CPA holds NYAN which holds NYAN.C. Then we have contracts on the outside as well. All in all CPA will remain very solvent, it may lose 20% of it's value in a full default. But we stands just as ready to gain 20% if pirate doesn't default.

So play your cards :) Buy or sell, and only the future knows what will happen :)

I haven't updated that section of the spreadsheet in a while. We've signed quite a few deals, that contract is less than 15% of our total assets, our total exposure to pirate is about 20-25% as stated.

Please update those spreadsheets often, these are troubled times, correct information is vital!

Oh I was just trying not to be an asshole to TECSHARE since his art was shit and he was moving away from the guidance I gave him and not following the direction I wanted to take. He kept saying that he couldn't do what I wanted and that what I wanted was boring, so I just fired him. I was trying to be nice about it too. Sheesh, some people.

retracted.

Interesting. Why did you retract ?

retracted. (Usagi is a horrible businessman and totally mismanaged the money by underestimating risks at every turn)

That was about the extent of it, right?

And one more thing. Another big, big effort I made in order to build trust within the community was to host a round table discussion group which during it's time had some of the biggest names around on it. We discussed operations, I laid out plans, and I basically gave everyone a share of the power CPA had. It was a great idea. But one by one the people on it left because they were unwilling to put their name behind CPA. Over and over again I was told that I couldn't be trusted and people didn't want to associate with me or CPA because they thought maybe they would get sued or something. WTF? Yeah right.

....

One man alone can't do this. I needed to trust the people around me but they all pretty much bailed or (essentially) ripped me off one way or another. What a disappointment.

I have never been a shareholder of CPA, so I retracted as I figured he would receive plenty of flak from his actual shareholders.

I am not a shareholder (yet). I think Usagi is blazing a new frontier here, bitcoins need a way to insure against losses but since this has never been done before it is understandable that the risks are hard to measure. We now know the premiums for insuring deposits in HYIPs should be much higher. Perhaps a more conservative and diversified portfolio of investments would be good, you just need to find somebody trustworthy you can lend the coins to, like me  ;D

I am not a shareholder (yet). I think Usagi is blazing a new frontier here, bitcoins need a way to insure against losses but since this has never been done before it is understandable that the risks are hard to measure. We now know the premiums for insuring deposits in HYIPs should be much higher. Perhaps a more conservative and diversified portfolio of investments would be good, you just need to find somebody trustworthy you can lend the coins to, like me  ;D

Step 1. You form an insurance venture for other btc-based ventures. An essential function of insurance companies is to appropriately calculate and understand risk.
Step 2a. You invest a large portion of capital into pirate-based securities, which was/is a black box - ie. the risks can not be calculated at all.
Step 2b. You lend money to individuals who fail to pay you back.
Step 3. Your insurance venture crumbles as though it were a castle made of sand.
Step 4. You blame everyone who you lent to.

It is the job of the insurer to fully analyze and understand the full profile of all operations in terms of risk and soundness.

You either:

  1. Failed to calculate and understand the risks.

    Did not realize the severity of the risks involved.
    Did not charge large enough premiums that would be rationalized by such risk.
    Did not create a balanced and diversified portfolio adequately conservative enough to create a 'buffer' against unanticipated losses.

or:
 
  2. Ignored the risks.

    Did not avoid said securities after finding them to be overly risky and full of unknown variables, and were lured by the thought of extremely high returns.


When insurers take large and unanticipated losses, it is their fault and their fault alone. Take some responsibility for your actions.



*I have never been a CPA shareholder, but I felt compelled to plainly illustrate this after reading what has occurred.

Also, I would suggest to not to do so many different things, NYAN, YARR, CPA, etc, too many projects.  Stick to one thing or delegate your investments from the float (http://www.wikinvest.com/wiki/Float) out to someone else and give that person a percent of the profits.

Yup that was me. It was a round table, yes -- but I got to be King Arthur.

...

Yes, we had policies like that. I am not sure but I think I invited you to join -- or at least I probably should have. I can't remember if I did and you turned me down, or if I didn't ask. But it would have been nice of you to join :)

...

No it does not do damage to my own reputation when other people are incapable of living up to their contracts and promises.

CPA is the company that actually paid out on all the pirate contracts.

CPA is the one who didn't fuck things up.

We lost money by listening to the community's stupid fucking idea

it's not MY fucking fault that someone else lied about their pirate exposure.

Thank you very much for rubbing salt into the wound and pouring lemon juice on it to suggest that losing the money was my fault.

All I can say is we're working on it, but it's a big laugh to suggest it was somehow my fault or to say (as some have) that CPA will crumble like a castle made of sand. When I said I would close CPA I said because I was pissed, not because we didn't have money to pay out. We have the money to pay out easily. That isn't the issue. Once again, the issue is that other people who said they weren't invested in pirate apparently lied to us. Once again, for the people who need help with this point, that isn't my fault.

CPA has lost about 40% of it's value.

And when I say 40% I mean, at a minimum. There is another problem on the horizon which is extremely troubling.

Well as they say, capital does tend to flow from weak hands to strong hands ;-)

You'll call anything a duck. You don't know what you're talking about. 1, who do you invest in? Even mining pays 1.5% a week. 2, you casually toss around the word 'recklessly', where were you 2 months ago? 3, I was lied to. Again--> who do you invest with? What due dilligence have YOU done that I had not? 4, you don't know what you're talking about.

The only thing I take heart in is that people such as yourselves realize that putting your foot in your mouth makes you look silly ;-)

I mean really, how many times do I have to say it --> it isn't like we're not paying out. We already paid out over 80% of what we owe with the rest on the way. That isn't and never was the problem.

Eloquently put, Usagi.

Incorrect. First, you're speaking for all the shareholders, which you can't do unless you are organizing them (which you're not). Secondly and quite importantly, yes it does have to be fair. Oh sure, I agree with you, in an unfair world everything is my fault. You can feel free to blame me in that situation.

Have to laugh. But really, anyone who trusted this asshat deserves what is to come. It was an obvious scam since day one.

who would have guessed this would happen?
Have to laugh. But really, anyone who trusted this asshat deserves what is to come. It was an obvious scam since day one. He's been opening other scam sites like crazy to make up the difference, guess he didn't hit his mark to cash out before shit went south. See online wallet and shitty gambling sites coded in less than 20 minutes as example.

who would have guessed this would happen?
Have to laugh. But really, anyone who trusted this asshat deserves what is to come. It was an obvious scam since day one. He's been opening other scam sites like crazy to make up the difference, guess he didn't hit his mark to cash out before shit went south. See online wallet and shitty gambling sites coded in less than 20 minutes as example.

I think CPA is bankrupt. I suggest that nobody pay their premiums for insurance that doesn't exist.

Am I missing something - or was your pirate insurance always effectively a charity offering that accepted pirate risk whilst not delivering anything like the returns of actually investing in him?

I think CPA is bankrupt. I suggest that nobody pay their premiums for insurance that doesn't exist.

No you aren't missing much. I think it was more of a gamble, which should never have took place. Keep in mind that the bonds were sold with 30% to 70% premium. Regardless, not doing it was is a clear-cut better idea from an insurance standpoint for the exact reasons you stated. The number don't add up even if BTCS&T weren't a scam, and you don't insure against anonymous Internet borrowers to only deposit your money in anonymous Internet borrowers.


That would be unethical as well. Usagi already said he would cover it with his own money if need be (correct me I misinterpreted).

Of course, regarding the contract between you and the deposit takers, they are in the wrong, and it's their fault.

From the CPA investors' standpoint, it's purely your fault, because you are the responsible party. It doesn't have to be fair, though you knew the risk and you could have easily stored your backing in cold storage. Deflecting these points put you in a worse position in the eyes of us investors.

Instead of this useless exchange, I would rather hear about how you will make it right. I don't want my shares to go to 0 in value, and I don't want them to stay at this price level either. However eccentric, I'd prefer to hear about a plan, a long term plan, that will take this company back on track.

No you aren't missing much. I think it was more of a gamble, which should never have took place. Keep in mind that the bonds were sold with 30% to 70% premium. Regardless, not doing it was is a clear-cut better idea from an insurance standpoint for the exact reasons you stated. The number don't add up even if BTCS&T weren't a scam, and you don't insure against anonymous Internet borrowers to only deposit your money in anonymous Internet borrowers.

B)  Insure others investing in pirate and invest their capital elsewhere and get (say) 5% per week with exact same risk of losing their capital AND an additional risk of losing DOUBLE their capital if 2nd investment gos south as well

The only thing more baffling to me than this is how others could think that the person who chose B) was a good choice to invest in (or to stay invested in).  

I think a shareholders union is a good idea to at east offer some guidance and protect our interests. To me it seems that the "round table" were only in it to feather their own nests by accepting CPA funds which they basically embezzled.

That's the second time you've said that. Why are you lying?

How would you even know? You're just talking shit like everyone else.

May I remind you I put 100 bitcoins of my own money into BMF to keep it afloat? That's my management style. Embezzle? Lol, here's my favorite quote so far:

Where on earth are you getting your info? Probably the same place Goat gets his info we have no assets.

People -- relax.

Letter to Shareholders for August 2012:

This month saw the fateful crash of CPA share price due to a number of factors. I will briefly touch upon these factors and share with you the future direction of CPA. As always, if you have questions or comments post them here, or email them to cpa@tsukino.ca.

1. Pirate Defaulted
Lo and behold, the inevitable happened. I had been advised by the round table to cut our pirate exposure. As a direct result of me listening to and taking the guidance of the people on the board, we cut 5,000 bitcoins worth of pirate contracts, leaving only one, 1000-bitcoin pirate contract. This was strategic. Our plan was to wait for default and then gain respect and credibility in the community by paying out on that contract.

2. Everyone we invested money in ended up making mistakes and losing all or part of our money.
Everyone except Patrick Harnett. Deadterra's Gamma Bitcoin Fund lost 25% of it's value (or more). Hashking's "guaranteed, insured" fund turned out to be in pirate (hope you're ready for that scammer tag HK). Imsaguy is having liquidity issues; he can probably pay us back and we are working with him on it. It's quite sad actually, that the only possible due dilligence we could have done turned out to be a lie. It's easy to say x y or z in hindsight, but hashking for example was a well-respected member of our community before this. No one can honestly say that this was an avoidable mistake; it wasn't just one lender but almost everyone.

3. We can (and will) pay out on all contracts.
First, YARR has been paid, and there is money sitting in the YARR account right now making bids at 1. Sell now and get your money, no one is going to pay 1.30 for your YARR shares, get over it. Two, we owe one more person about 600-700 bitcoins. We have over 1400 shares of NYAN we are trying to sell to raise the money and to back new contracts. Reports of our demise or lack of assets were pathetically misinformed; People were probably trying to panic you into selling on the cheap. I know some idiot sold over 1,000 shares to me at 0.02. Well done my man, you got manipulated. I have zero sympathy for people who do that, in spite of all the comments and assurances I have made over this issue.

4. CPA dividend estimate going forward
with 50,000 shares outstanding and a monthly income of 70+ bitcoins from premiums and investment income of around 5% monthly, we expect to pay a fat 10% dividend going forward (after the war chest gets filled) making CPA a screaming buy at 0.033. A big laugh goes out at the people who called for our untimely demise including and not limited to the people saying so in this thread. You trolls know jack and think you're important. Why don't you put your money where your mouth is? I can tell you I am personally planning to buy 250 BTC worth of shares next week and I have personally bought 1500 bitcoins worth of CPA at 0.1. I believe in this company and it will succeed despite the ramblings of a couple of worthless internet trolls. I put that on the record.

5. Release of asset info/company policy/spreadsheets

Nahh, I don't think so. When we started YARR, the first, biggest and best (and highest paying) insured pirate passthru everyone took our books and started running their own version of it. Let's be honest, 4 people tried to copy us. We would have broken even on pirate premiums instead of losing about 500 bitcoins in this debacle, had we had more exclusive access to the market. If you think I have no good ideas fine, who cares right? OTOH if you want access to our books maybe you should apply for a job. We can use people for various things. We hired three different people as securities analysis for example, each one who failed miserably and horribly at simple tasks such as "Calculate the market cap for every issue on GLBSE". We also need advertising people. Otherwise there isn't a snowball's chance in hell you will guilt trip us into releasing what amnounts to corporate secrets. you think CPA is a scam? You think we don't know what we're doing? Go run your own insurance company. Setting aside money from your business is not insurance. It can't even compete. It's just some of your profits which are being with-held. Real insurance is capable of paying out 100 bitcoins on 5 bitcoins premium. Just ask Mollison. Psychoticboy. Kakobrekla. Ask them if we paid.

Remember, being able to pay, and to actually have paid in full, does not imply we are OUT of capital. It imples we have MORE capital because we didn't pay "most", we paid "all".

6. Future Direction

CPA will continue to make 10% a month on current NAV and we aim to spend the most effort expanding operations via Nyancat financial. We will continue to sign new contracts after the share sale this week. We have hotwallet as a pet project which has a currently profitable game running (dragon dice). We have a matchmaker service which is fully operational and running now, which is not on the books but which may be added later or spun out as dividend. We also have an online language school in the works with proven software and textbooks which have already been written which we can IPO and make a profit on immediately. There are a lot of ways forward for us. We are also aiming to change BMF's contract, which will be announced next in the BMF thread. BTW, regarding Nyancat Financial, you'll just have to wait a bit more for the weekly letter, the matthew situation demands a full explanation and I am waiting for news from Matthew.

7. My forum rep

Judge me if you want but when the dust settles, it's a real pity more people didn't sign contracts with CPA because we could have helped a lot of people. Most of the people who are attacking us have real sore asses one way or another form the pirate debacle. It's a pity they can't man up and admit they should have trusted CPA in the first place. We will continue paying out on contracts and doing our best and that is what I say counts in the end.

 ===

p.s. goat you brought yourself into this by making a lot of unfounded statements about me and CPA over a period of months... it isn't like we haven't had this chat before so I will cut it short; you don't trust me but you will trust some random idiot that doesn't know anything, you accuse me of running a scam and you turn around and try the same thing yourself (insured pirate) then you claim we have no assets and insinuate that you will invest with us if we did, then change your story to that of general mistrust. Then when pointed out that your position makes no sense since we paid out on everything as we promised (because we are an insurance company) you .... Oh well I said I would cut it short. If you want in to the round table goat you know what you need to do.

Lol, you were bitching me out about being a scam 2 months ago and now you're at it again. Funny how each time you get proven wrong you seem to disappear for a while.

That is true, you were actually the first one to pay us.

We would put more money in Gamma (and plan to buy the GLBSE issue with Nyan) but CPA is a little short of funds now ^^

Next week it's possible that we will have capital again; depends on how fast we can sell those NYAN shares.

If I absolutely have to

If I really need to

I will back-sell assets in A, B and C, buy back shares from NYAN, and have NYAN buy back shares from CPA itself.

Oh my god! I just had an amazing idea on how to pay back Kako TODAY!

Woohoo! CPA is now FREE of ALL liabilitles regarding pirate!

THANK YOU Deadterra.

If it wasn't for your post I wouldn't have thought of this!!!!!

1. Pirate Defaulted
Lo and behold, the inevitable happened.

2. Everyone we invested money in ended up making mistakes and losing all or part of our money.
Everyone except Patrick Harnett.

It's quite sad actually, that the only possible due dilligence we could have done turned out to be a lie.

I have personally bought 1500 bitcoins worth of CPA at 0.1.

5. Release of asset info/company policy/spreadsheets
Nahh, I don't think so.

It just baffles me how someone could actually look at two options:

A)  Invest in pirate pass-through and get (say) 6% per week with risk of losing their capital if pirate defaults,
B)  Insure others investing in pirate and invest their capital elsewhere and get (say) 5% per week with exact same risk of losing their capital AND an additional risk of losing DOUBLE their capital if 2nd investment gos south as well
And come to the conclusion that B) was the better option.  What conceivable thought-process could reach that choice?

Fine. Now that you've said your peace, as you're not an investor here, there's no more reason for you to post here.

I know I didn't respond to you directly in this post but I believe the last several PMs we exchanged made my position perfectly clear.

it's basically come down to, if the last 2 people I invested money with can't pay back, there will be no way to hide or avoid the losses, and CPA's net value will go to zero.

If I have to I will lock the thread and post a new one with local rules about post count and shareholder eligibility. I'd rather keep going with this one. Or do you want me to create a locked announcements thread? It's your choice.

I've talked to Usagi and it seems CPA is generating a sizeable income. She appears to be well-invested in it and her confidence is sincere.

I will say CPA is a bit undervalued at the moment.

Atlas is trying to pump and dump CPA. I've seen this message many times from random email addresses "Quick, check out penny stock XYZ, which experts call undervalued! The price is about to jump, buy now!"

Atlas, please keep crap like that out of our forum.

Oh really?


This line, as well as quoting the entire contract when all you needed to do was post a link, prove only two things:

1. You don't understand the contract I wrote,

2. You are new here (Jesus, 58 posts?)

Dude, you just got out of the newbies' forum. Seriously, fuck off. You don't even understand the contract. Hang out a little more before you start attacking people.

This contract was announced, publicized, and voted on over a month ago. Where were you then? Exactly.

Go read the contract again and stop posting on my thread pls. You clearly a) are not a shareholder b) are very confused and I really don't have time to sit here and answer a bunch of questions from people who aren't going to invest anyway and are only here to troll.

If I have to I will lock the thread and post a new one with local rules about post count and shareholder eligibility. I'd rather keep going with this one. Or do you want me to create a locked announcements thread? It's your choice.

Now if you have a legitimate question, ask. If you are just spreading bullshit, go away or I'll just lock the thread. We have a FAQ, did you know that? Did you go to our website and read it? Probably not.


Hahahahaha, you REALLY don't know what you are talking about. Just go away for a while and think before you post here again. This is painful. I'm not going to re-explain NYAN for you. Go read the contract and the weekly letters to shareholders I have been publishing for the last month. Jeez, some people.. lol

CPA has reached an equilibrium since the recent defaults due to Usagi proving she has more than enough assets to cover payouts. It is currently selling well-above NAV due to dividends and other future events. The bids are slowly building up.

Just an FYI to anyone who has been scared off recently.

"There is absolutely zero reason for me to release any info about CPA outside this circle. "

If you want people outside the circle to use you as insurance then you do have a reason.

Has every creditor who bought this insurance been paid in full for all losses as required by the conditions of sale? No.

Wow, from oblivion to financial adviser in just three weeks!

Look at the big brain on young Atlas! Now offering insider trading advice for an asset that even the HBIC admits looks "scammy or shady". Is willing to offer forward looking statements (without the required disclaimer) about future events (without the legal format) promising returns (illegal) on unexplained events (sound just a bit like pirate yet?), and does this thinking the use of a couple of cute acronyms will lend credence to his "advice".

NVA = Net Asset Value. That's the core physical value of a share, based on actual current analysis. Not based on vague future plans.

Equilibrium = balance. The share price is nowhere near balanced, and the price has been dropped significantly due to the erratic and quite possibly fraudulent actions of the assets founder, Usagi.

Payout = actually making good on contracts. It does not mean making up rules after a default to change how the record looks. Has every creditor who bought this insurance been paid in full for all losses as required by the conditions of sale? No.

My call on this asset and it's trusted financial adviser is stay as far away as possible. This is just another ploy by a pirate-loser looking to re-coup some coins for themselves. Which may explain why Goat is hanging around here sucking up too.

QFT

So, thought about streamlining your trades, lowering your account creation fee, updating your site design, or stopped being a troll? If yes, you are lying. If no, post tits or gtfo.