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

Hej,
Vet någon en advokat som har varit i kontakt och kan konceptet Bitcoins?
Jag skulle vilja registrera ett företag i Sverige, för att driva Gamma Bitcoin Fund (https://bitcointalk.org/index.php?topic=74975.0) och behöver då hjälp med några legala frågor kring registreringen av företaget etc.
//DeaDTerra

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

Sorry about being a bit snazzy towards you, I was in a bad mood. I am in a lot better mood now Log book has been updates, Order book on GLBSE completely updated and fresh. Seems like the market didn't move to much which is good I guess , I managed to get some cheap shares but not that many, new more aggresive bids are now up so hopefully we can get even more cheap shares
//DeaDTerra

I do agree with you, I will talk to JRO and see if I can't talk sense into him. But I have no official power or say in what the owner and issuer decides. Hopefully now that things have calmed down a bit he will realize it's a over reaction to not payout these dividends until the new exchanges is up.
//DeaDTerra

You will have to talk to JRO, I am only the messenger. These are not my decisions, I am only carying on what I have benn told.
//DeaDTerra

More information and details will be released in a official statement when we get closer to the transfer to Hermes.
//DeaDTerra

Ofc, this was actually yesterdays news if you are talking about GigaMining, if you are talking about JRO and BDK I saw that live and had time to react even before the news were out. Just because I am having a bad day doesn't mean I am not on top of my work
//DeaDTerra

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

I am having a really shitty day, so I will delay the update for today!
sorry about this but I am not in shape to write any report atm.
//DeaDTerra

Rebate will soon be moved to the new exchange Hermes
for more info check: https://bitcointalk.org/index.php?topic=77343.msg928697#msg928697
//DeaDTerra

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

It's not on GLBSE at this moment due to that the fund structure I currently have won't work well in a share structure. I am planning on raising capital using GLBSE, but the fund structure to raise this capital will be slightly changed from the current fund structure.
//DeaDTerra

At the end of each week I take 7.5% of any profit made, so for example. If the fund has made 100 Bitcoins in profit that week I take 7.5 BTC of it and payout 92.5 to the investors
//DeaDTerra

Exactly the same thing happened for me, be aware guys the platform is still buggy so do not put any major amount of money on it!
I have reported this bug to the developers and hopefully they will fix it
//DeaDTerra

Indeed which is why it's already live on GLBSE
I have already explained why no official thread was up from the start.
//DeaDTerra

Indeed, it's not yet open for public, it's in private beta for now. The developers has put Rebate on the back burner for a couple of more days before Kronos is out once Kronos is out they will finish of Rebate and launch it
//DeaDTerra

Hahah yea, sorry. It was rescheduled to the 21th of May
Will do
//DeaDTerra

Keep in mind it's a rough early estimate
//DeaDTerra

Hello, I am sorry that there has been no official thread so far JRO the owner of Rebate has not had time to post one as he has a lot to do with other projects, Kronor etc. So I have been asked to take over with the Investor relationship. So if there's any questions or concerns I will do my best to answer them!

General Information
Name: BitcoinRebate Preferred
Summary: BitcoinRebate brings arbitrage and penny auctions together in a new, exciting and  most importantly, a profitable way. BitcoinRebate leverages ZipConf to instantly deliver player Bitcoin to multiple exchanges.

What is Rebate?
BitcoinRebate.com is a blend of penny auction and arbitrage. Users bid on blocks of 10 bitcoin (powered by ZipConf) arbitrage opportunities against other players in 30 second windows. Under the hood, BitcoinRebate is a powerful arbitrage engine that uses ZipConf to provide instant execution and liquidity among all supported exchanges.

What will the capital be used for?
The capital raised from the initial IPO will primarily be used for aggressive marketing and ongoing management, systems maintenance as well as further development of the underlying technology.

How do I invest in REBATE preferred?
We will be offering preferred shares in an IPO at GLBSE (BitcoinRebate Preferred) .The initial share price is 0.2 BTC per share. we will pay monthly dividends of 50% of the company profits from fees. This offering is for 25,000 shares. Out of these 25,000 shares, 10,000 will be held by management, founders or sold during the pre-IPO.

What are the estimated profits of REBATE?
The current estimated profits are 2000 BTC per month, by the second month of operations, which is equal to 1000 BTC in dividends owed to the outstanding 25,000 preferred shares. This corresponds to an average of 0.04 BTC per share, or a 20% monthly return relative to the face value of the preferred share.

When will the profits be paid out?
Dividends will be paid to preferred shares on the 1st 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.

Contract:
Each preferred share has a face value of 0.2 BTC, and gives the holder the right to 1/50,000 of all fees collected by the BitcoinRebate service (“Issuer”), paid monthly (on the 1st) based on the prior months earnings. Shares have no voting rights. The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings to pay out a final dividend. The Issuer has the right to buy back, at any time, all shares issued, for 1.2x the price of the previous 120 hour average market price.

This information and any other information needed for a potential investor can be found in this Google Document: https://docs.google.com/document/d/1XDuigEcbq5rL1RP0frrBZ2rZ65fFz1phHUgKUYROOT8/edit
In there you can also find some sneak peak of the website

GLBSE link: https://glbse.com/asset/view/REBATE

//DeaDTerra