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Interest paid! TEEK.USD @ 12.38664
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Dividends paid!
We paid out 1.02864141 mhash per share for a gross dividend of 0.00257160 minus our fee of .0012, we paid a net of 0.0013716 per share.
teek
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Look back up the thread to where I asked about it (when I was researching securities to find ones to invest in). If you've had a sell order up below 1 over a weekend then you personally KNOW that he's lieing (and even if he's doing what he claimed in response to me, it's in no way the same as doing what his contract SAYS he'll do).
Did you take into account that other people might of had asks lower than you that were filled first thus you didn't make the cut? In fairness, it does appear you've been buying back shares last few weeks. But if you look back further you find: 2012-08-12 15:18 1.635 545 0.003 2012-08-19 13:36 1.635 545 0.003 2012-08-26 12:34 1.635 545 0.003 three weeks where the share traded consistently below 1.0 but outstanding shares remained the same (545). The price remained below 1.0 - but new shares were sold the next few weeks (so no way to tell easily whether buybacks happend). Then next few weeks shares outstanding dropped - whether on a Sunday (or form you buying up via lowball bids) is not possible to tell. Do note that your contract says you'll put up a bid-wall at 1.0. If you have to buy back shares priced below 1.0 before you CAN put up the bidwall then that's, in theory, your problem - your job is to gtet the bidwall up. I DO believe that wasn't your intent (as it could commit you to buying back all shares at once) and wouldn't try to enforce that - but it IS what you wrote in your contract. To my mind if you buy backk 5% each sunday (the lowest asks) then that's fair - just not what you said you'd do (and, for a few weeks at least, not what you were doing). ? If the asks aren't there, the asks aren't there, no where in my contract does it say there will be a standing bidwall at X. No it is not my problem, my contract says i will place a bid for 5% at 1, whatever gets eaten by that bid at whatever price is what gets bought, end of story. |
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Look back up the thread to where I asked about it (when I was researching securities to find ones to invest in). If you've had a sell order up below 1 over a weekend then you personally KNOW that he's lieing (and even if he's doing what he claimed in response to me, it's in no way the same as doing what his contract SAYS he'll do).
Did you take into account that other people might of had asks lower than you that were filled first thus you didn't make the cut? |
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The bid wall only matches what orders are there at the time and it is removed. If you want to take advantage of the minimum liquidity simply place your ask before Sunday. Things are tight for me and alot of other people, the market is completely liquidity crunched, but I have still been buying back for weeks and trying to accommodate asset holders who contact me directly with reasonable requests.
TEEK.A - 493 - 5% = 25 units @ up to 1 BTC
TEEK.B - 867 - 5% = 44 units @ up to .5 BTC
TEEK.USD - 2147 - 5% = 108 units @ up to 0.08069 BTC
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By the way, nice avatar.
And thanks for doing a great job :> I still have 3775 shares of these.
thanks usagi! |
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Interest paid! TEEK.USD @ 11.99856
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Dividends paid!
We paid out 1.02694048 mhash per share for a gross dividend of 0.00267005 minus our fee of .0012, we paid a net of 0.00147005 per share.
teek
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Interest paid! TEEK.USD @ 11.85934
teek
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Dividends paid!
We paid out 1.02694048 mhash per share for a gross dividend of 0.00267005 minus our fee of .0012, we paid a net of 0.00147005 per share.
teek
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This is crazy talk... governments can say they are going to do whatever, but i have a hard time believing this actually flies, especially in Italy. Shit I am from an Italian family, my Nonno is still kickin and gives me / my sister / cousins etc $100 every year for our birthdays. This law would make that very act illegal.. Nonno ain't gonna start writing cheques or using paypal.
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Wasn't teek.b supposed to not be involved in BCS&T anymore?
It was always partially exposed.. Hello fellow Bitcoiners!
---SNIP ---
A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds.
What time do you put these bids up? . At some point during the day on Sundays I check the order book and if there are any asks the match I fill them. The minimum liquidity level for TEEK.B has been adjusted to 0.5 BTC, there were no matching asks for that today. The ones for TEEK.A and TEEK.USD have already been executed for today. It is not a standing bid, if you want to take advantage of it please put your ask up prior to Sunday. teek |
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Teek, what's going to happen with this share??? are we going to get the insurance pay out i.e. 1 Teek A share for each of these shares?  thanks Yes - any one who wishes to trade them in can PM me. If anyone chooses to continue to hold TEEK.PPT and BTCST does end up repaying, they will be bought back. teek |
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TEEK News
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In light of all that is happening in the Bitcoin world lately, TEEK.A and TEEK.USD remain strong while TEEK.B and TEEK.PPT have both taken a serious hit.
A major re-alignment is happening before our eyes in the Bitcoin assets and lending world. A major liquidity crunch is in effect, and can be felt all over. When doors close, others open and there are opportunities open at the moment that simply didn't exist a few weeks ago, peoples expectations are rapidly changing.
For people who want to make sure their BTC is working for them at low / no risk, TEEK.A and TEEK.USD are extremely under utilized. These assets were built to be used together to provide a secure and most importantly sustainable growth for your BTC, with a hedging component. No there isn't 3% here, but there is a reason why.
For those who want to assume the higher risk profile, I beleive TEEK.B will be ready to shine again soon. It is difficult to make multiple percent per week consistently for a time but it is not impossible by any means. Of course there is risk involved and I don't want this to turn into a conversation about pirate or what he was or wasn't doing.
In the past few weeks, people have again questioned why I am not verified on GLBSE. I know there are a few people on the forums who I have dealt with numerous times and have supported my efforts, I have no reason to believe they won't continue to do so as is. I am not sure how many people are avoiding TEEK because of the verifcation status. If I see enough demand for a fully verified TEEK, I will contact Nefario and do so.
Liquidity is tight for TEEK at the moment, but I hope to make some more announcements as soon as things settle down a little.
Thank you for your continued support.
teek
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TEEK.B News
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TEEK.B has had a bit of a rough ride. Currently 50% of the TEEK.B capital can be accounted for in a semi-liquid usable form that is generating any interest. The other 50% is tied up in BTCST and Bitcoinica, in at best an unsuable illiquid form for the time being. You can decide for yourself if you think any or all of it is coming back or not. If you choose to continue to hold TEEK.B and the btc or percentage thereof is returned, it will be divided equally amongst all outstanding TEEK.B without prejiduce. You must hold the asset at the exact time of payment to be entitled to the payment.
TEEK.B is still involved in two ventures that are turning a profit, albeit they are fairly small at the moment. These projects are being agressively pursued. Details on one of them will be posted in the near future.
TEEK.B will continue to pay partial interest on a best effort basis in its degraded state. The minimum liquidity value has been revised to 0.5 BTC.
For those who choose to continue to support TEEK but wish to get out of TEEK.B, some options:
- I will accept 3 TEEK.B for 2 TEEK.A
- I will accept 1 TEEK.B for 6 TEEK.USD
For those just wanting to get out, the minimum liquidity provision at the new adjusted value of 0.5 BTC will be honored.
I hope you find that I have been as open and transparent as I can be given the situation.
teek
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Interest paid for TEEK.A and TEEK.USD! The BTCUSD rate for TEEK.USD was 11.06228.
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Dividends paid!
We paid out 1.02440643 mhash per share for a gross dividend of 0.00297078 minus our fee of .0012, we paid a net of 0.00177078 per share.
teek
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Interest paid on TEEK.A and TEEK.USD
The BTCUSD rate for TEEK.USD was 9.97039
As many of you already know it looks like TEEK.B is taking a NAV hit. I have paid .01 BTC per bond this week, I am waiting 1 or 2 more weeks to make anything official to see how things progress while shifting gears on other TEEK.B business to make up for the shortfall. If the situation remedies itself the .02 shortages will be paid to each bond.
All in all, this a short term problem for the TEEK assets. In both our growing on-line community and in the day to day real world, bitcoin commerce is growing and opportunity is at an all time high. We will grow with it.
teek
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Dividends paid!
We paid out 1.02440643 mhash per share for a gross dividend of 0.00297078 minus our fee of .0012, we paid a net of 0.00177078 per share.
teek
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