Started up a "guaranteed" bond back in July, then, of course, GLBSE imploded.
The difference is many GLBSE issuers are trying to make good on their assets by moving to another exchange after going through a claims process. Namworld is a good example of this. ciuciu is providing near-zero communication to his shareholders & looks to be simply disappearing.
This is the last notice we got from him - over a month ago:
"To all shareholders,
I have received a list from Nefario. However, I did not receive all the assets of the bond from Nefario.
At the moment of closing, CIUCIU.BOND had over 500 GIPPT and 37 BTC in the GLBSE acount.
This will be paid to the shareholders, when I receive them from GLBSE and the GIPPT issuers. The difference will be supported from my pocket.
As mentioned earlier, I will not be able to pay any divident from the moment GLBSE closed.
Regarding the payments I have to make, I'm sorry to tell you that they will be at a slow pace and it may take more than a year.
I understand this will not make all of you happy, but this is all I can do in the given situation.
I will go over the list and inform you if any verification steps will be needed.
Thank you."
https://bitcointalk.org/index.php?topic=95826.0Bottom line - he's either a scammer or doesn't know what the definition of "guarantee" is.
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