Bitcoin Forum

 GLBSE closed down so when they give us the shareholder information we can move to  a new platform to manage the continued payment of dividends.

Keep an eye on this thread for updates on where to send your details. Most of BitcoinRS was held by large shareholders.


Update:

I think it's time for people to send in their shareholder info to bitcoinracingsyndicate@gmail.com

The bitcoin assets we held we cant claim on untill Nefario sends us the csv and shareholder info so we can claim on the issuers.

We held shares in KRAKEN which recently dissolved and Patrick Harnett paid back 50%. Also had 100 MOORE shares which I am acting on with friedcat.

I have lost considerable personal funds in this GLBSE debacle as I owned a considerable amount of BITCOINRS shares. I will not be claiming my shares and they will be placed last in any case.

On the positive side we still own $3000 worth of greyhounds and we did get some bitcoins back from glbse. I used those to back LITECOINRS-PT which is still operating on litecoinglobal.

I am considering issuing a new asset on btct.co and transferring shareholders an equivalent number of shares that they held in BITCOINRS. I will not be issuing myself shares except 5% of any new shares sold as management, so that will reduce outstanding shares to under 3-4000.

I have basically written off 10-11000 of my own shares. If you had BITCOINRS shares please email us. I will leave the claims process open untill the 30th Nov and after that you will have to wait for Nefario.

Is this an acceptable plan ?


You can now invest in BitcoinRS on BTCT.CO https://btct.co/security/BITCOINRS

Cool!

I have to say that the idea is very appealing.

Unfortunately these shares weren't released before bitcoin.me/noagendamarket had to retire for the evening, so this will hopefully be taking place sometime tomorrow.

In for amusing anecdotes about the time I raced greyhounds.   8)

That's the spirit! It's like you read my mind :)

That would be pretty awesome.

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Our first biweekly dividend, consisting of 0.0001619 BTC per share, has been paid to 5100 outstanding shares.

I will have a more comprehensive report posted later, but I'm having some trouble getting it into a form with a verifiable signature that will work as a forum post. My apologies for the delay, and I hope to have it worked out later today.


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Biweekly Report Jul 18th - Aug 1st, 2012 (https://docs.google.com/document/d/1ksJnxRtJZNeyk1Eo_fw0_2oI4Bp5Z0VCL6ovsruwTHQ/edit)

I still haven't found a way to present this information as I want with a signed document. The formatting never holds is the trouble.

I'm also not sure if this is the way I will continue to report this information in the future. If there is anything else you would like to see provided please let me know and I will attempt to incorporate it.

Great work fellas!  8)

It's interesting you brought up the retired dog adoption program. My main reservation with investing in the doggies is their welfare. Good to hear they have a program like this in place.

Can't wait til we're up and racing!

When trying to analyze the absolute downside it would be helpful to know whether there is a minimum liquidation value, like for glue, etc. instead of a complete write off for adoption.  :o

I seen a couple dog races in FL while ago its pretty cool stuff. I like the idea, ill buy up a couple shares when I get a chance.

No more talk of turning our dogs into glue please!  :-\

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Our 2nd biweekly dividend, consisting of 0.00016562 BTC per share, has been paid to 10867 outstanding shares.

We're paying this a bit early this week as I'm getting on a plane in a few hours and won't be able to do it on the regular day. I will be back on Friday, and will provide a more comprehensive report then.


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Here is our biweekly report as of August 13th at the time of our last dividend payment. Sorry for the delay, I've been traveling for a few days.

I decided it's probably simplest to just show our Balance Sheet. If you have any questions please let me know.

http://bitcoinrs.coldhardmetal.com/aug-13-2012-balance-sheet.JPG

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Our 3rd biweekly dividend, consisting of 0.00023938 BTC per share, has been paid to 11304 outstanding shares.

I will have a more thorough report sometime tomorrow or the next day.


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Good Day Investors,

Another 2 weeks have passed and it's time for some reporting.

As a result of the passage of the motion to suspend dividends (https://glbse.com/vote/view/112) until our capital situation recovered from losses due to some unforseen liquidations required by our asset allocation strategy, there are no dividends to be paid this period. However, I'm happy to report that we are very nearly back at our starting capital, and anticipate that we should be back to paying dividends next period.

We have sold 13,905 shares to date for a total capital of 695.25 BTC. We currently have 694.09183720 BTC of assets, leaving us with a shortfall from our starting capital of a mere 1.1581628 BTC. Our income during the last period was 7.06217 BTC, meaning we should have no problem getting back where we would like to be.

Our current balance sheet can be seen below. At this point we are amassing BTC to be put towards our fiat investment pool to get us moving back toward or 50/50 asset allocation goal.

In other news we have Royal Stealth racing on this upcoming Sunday, September 16th (http://www.thewatchdog.com.au/TheBrowser.aspx?MeetID=11554&RaceNumber=5) in the 5th race at Healesville.

Lastly, you can also follow race results  here (https://docs.google.com/spreadsheet/ccc?key=0ApraDvGtZTsbdFdubWlFSDNYX3Q3ZWlzdGtXaHNqMEE) including videos of all of the races to date.


http://bitcoinrs.coldhardmetal.com/sep-12-2012-balance-sheet.JPG

As someone who has adopted at least 2 former racing greyhounds I feel it is my duty to inform people who may not know better. Greyhounds are often bred exclusively for the purpose of racing. When they no longer are fast enough to be competitive they are simply killed. Thousands of greyhounds every year see this fate.

For this reason I would never put any money into greyhound racing. If you're looking for a pet, greyhounds are wonderful. They have quick bursts of energy, but are usually pretty lazy, quiet, and gentle.

http://s17.postimage.org/kbam571m7/Summer.jpg
http://s18.postimage.org/lb01ltl5l/spring.jpg

That's good to know, but more than likely they are unable to find homes for all the greyhounds.

Anyone considering investing should read http://www.humanesociety.org/issues/greyhound_racing/facts/greyhound_racing_facts.html , http://www.guardian.co.uk/world/2006/jan/01/spain.animalwelfare and please do yourself a favor and google more.

I am not stating that the op is in any way abusing he's dogs, but I'll go asfar as stating that it is less than likeley that all of the dogs he's dogs race agains do or will live happy and long lives.
I own and race greyhounds, but there is no money involved, it's just a hobby. Whenever money gets involved the wrong sort of peole follow, which leads to dogs being abused and discarded.

http://ylladian.com/wallu/VMR2010BellCanto.JPG
Heres one of our Italian greyhounds, 9 years old the picture is 2 years old when he won a veteran championship.

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Hello all,

Over the last period we earned enough from investments to get us back into a positive position of BTC operating funds over BTC raised from share sales, to the tune of 2.88012702 BTC. We had some vet bills this time around which is why results are a bit lower than we might have wished.

Half of that was paid as dividends today, so 1.44006351 BTC, or 0.00009928 BTC to 14505 shares.

The remainder will be added to our growth fund, which we are basically holding on to at this point, while we see what happens with the current market situation.

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Suggestion:

Forget about the possible extra return of holding any excess BTC in BTC ventures on GLBSE or anywhere else, but keep it in a cold-wallet until the time has come to put the money to work in a racing syndicate. The possible extra return on the excess BTC is too small compared to the possible risk (as you have experienced in the past month).

Sunday races at Sale we had 2 runners.

http://youtu.be/Ifns3ZxwjPg  Greysynd Rock  2nd

http://www.youtube.com/watch?v=XHgSXSQXh7Y  Royal Stealth 5th

http://www.youtube.com/watch?v=fJBaqXbLBw0  Nice 2nd for Royal Stealth on Sunday. A win isnt too far away

I think it's time for people to send in their shareholder info to bitcoinracingsyndicate@gmail.com

The bitcoin assets we held we cant claim on untill Nefario sends us the csv and shareholder info so we can claim on the issuers.

We held shares in KRAKEN which recently dissolved and Patrick Harnett paid back 50%. Also had 100 MOORE shares which I am acting on with friedcat. 

I have lost considerable personal funds in this GLBSE debacle as I owned a considerable amount of BITCOINRS shares. I will not be claiming the majority of my shares and they will be placed last in any case. I will adjust my personal holdings to support the NAV.

On the positive side we still own $3000 worth of greyhounds and we did get some bitcoins back from glbse. I used those to back LITECOINRS-PT which is still operating on litecoinglobal.

I am considering issuing a new asset on btct.co and transferring shareholders an equivalent number of shares that they held in BITCOINRS. I will not be issuing myself shares except 5% of any new shares sold as management, so that will reduce outstanding shares to under 3-4000.

I have basically written off 10-11000 of my own shares. If you had BITCOINRS shares please email us. I will leave the claims process open untill the 30th Nov and after that you will have to wait for Nefario.

Is this an acceptable plan ?



Edit

https://docs.google.com/spreadsheet/ccc?key=0Ap5R4XKV12_YdGNNRUtRZHVTTFc2aVFPZWtmUlJHTVE#gid=0 (https://docs.google.com/spreadsheet/ccc?key=0Ap5R4XKV12_YdGNNRUtRZHVTTFc2aVFPZWtmUlJHTVE#gid=0)  I jut did some back of the envelope calculations on the approximate holdings value that still backs the shares. The "Shares Issued has some significant leeway. Management held upwards of 14 000 shares in the old asset when it closed.

The NAV I am aiming for is .05 which was the original issue price.

http://youtu.be/mkpvqYEsL6s  Greysynd Rock 3rd yesterday.

The good news of the day is that we are starting to see GLBSE send back shareholder info and we are in the process of claiming any shares we owned as the info comes in.

Once I get the data I will have to email everyone on the list.

Anyone owning BITCOINRS can join BTCT.co and redeem them soon. The asset only needs 1 more yes vote to be approved.

The asset is now approved on the new exchange. Now awaiting shareholder infos from Nefario to both claim stocks Bitcoinrs was holding and transfer shares to Bitcoinrs shareholders.

The new trading strategy will be pretty restrictive on what I will invest in. Unless it is an actual company or has hard assets such as gold and silver I wont be touching it. I wont touch perpetual mining bonds and other mining companies will only be held for long enough to trade the spread for a profit. Theres a only a few shares that is possible on.

The majority of money raised will be either held as cash or used to support the NAV/U. Rather than invest in other companies its better to buy back shares in BitcoinRS.

These trading rules have worked well on litecoinglobal.

I was looking at cryptostocks today and there is only 1 stock/fund that fits the criteria,being an actual company with a proven business model. Havelock investments only has mining stocks so that is also out of the picture. One of the shares that has done well is LTC-GLOBAL itself.

Have a good day :)

Congrats on getting approved. ;)

I noticed you have 800 outstanding shares pre-trading, kinda makes me shy away a bit. Best of luck!

Would guess those are the ones for the pass-though on LTC-GLOBAL.

Plus he SHOULD have (before long) outstanding shares equal to the ones held by investors on GLBSE.  Bear in mind this isn't a new issue - it's the transfer of one from GLBSE, so it WILL already have a load of outstanding shares which willl not be sold via market.

I guessed it was something of the sort. It'll be interesting to see how the interaction between the exchanges goes as well as the transfer from GLBSE. Interesting times to be sure. ;)

400 shares belong to the LitecoinRS passthrough,which determines its value. 400 belong to a previous shareholder.

The only other major shareholder apart from management had 2000 shares. You can see in the spreadsheet the NAV/U will be above .05 issue price even if we have 7-8000 shares outstanding. The asset on BTCT.co needs to exist because it has existing shareholders and I dont want to manage the asset via email.

 I previously owned the vast majority of shares in this asset and will not claim an amount of shares that lowers the NAV past .05 
Once all previous shareholders have claimed my shares will be issued such that the NAV will not be below the issue price.

The asset has already achieved its goals of owning greyhounds, which is the main point of it. If it never sells another share we have enough greyhounds to last for the next 5 years.

The cryptocoin income helps offset the fall of fiat value and pays some dividends. This purpose isnt to be a high dividend stock but to pay some dividends. Please dont make the mistake of investing thinking this is a high dividend asset. Its better than no dividends.

tl;dr wait till all the claims are in and there wont be many shares for sale on the market.

BITCOINRS owned about 20 BTC-MINING shares and some COGNITIVE as well as NASTY and 100 MOORE.

There will obviously be income accrued from the past few weeks since glbse shut down. Should be able to recover over 150btc from these. It almost puts us back at the 50% Cryptocoin and 50% Fiat ratio in the original contract.

I wonder how many former GLBSE asset issuers will now lawyer up and make it as difficult as humanly possible to claim your assets back?
Gigamining can afford good lawyers and one wonders how much of their assets funds they are using to cover their own ass.

BitcoinRS received this comment on btct.co

"Anonymous voted NO with comment: Issuer is partner/owner of scam called GLBSE. Issuer shilled for scammer Cryptoxchange. Issuer stole witcoin from founder. Asset exploits animals."

Firstly you are too piss weak to use your actual name.
Secondly I owned witcoin.com and paid the hosting. The developer still owes the users 400 bitcoins.
Cryptoxchange is not a scam,sorry. The owner being sick and unable to run it  /= scammer.
Greysynd does not exploit anything.

If you are going to make such unfounded allegations at least identify yourself. An stop with the lies.

Royal Stealth won for us yesterday in Sale.

He's been looking in winning form for the last few races. Video to come.

http://youtu.be/68KH0JSm8ao  Enjoy :D

Ive asked for the BitcoinRS asset to be moved from the stock section to the fund section on btct.co because it is closer to its purpose which is to hold assets. Its not a company so it shouldnt be a "stock"

People just remember, this person is a SCAMMER. He was a partner in GLBSE, and they defrauded a lot of people, myself included. The only reason he hasn't got the scammer tag is because some of the mods were also involved.
Is this direct enough for you, OZ scammer?

Off topic discussion. Take it to your own thread.

Nefario still hasnt sent the shareholder list. Awaiting this before any shares can be sent out.