Fair enough.

Unfortunately, I think everything Bitcoin is off by around a factor of 10 at the moment ... the Bitcoin userbase, the USD value of BTC, the GLBSE userbase, the number of GLBSE listed companies, the amounts in BTC getting raised from IPOs ... I'm sure they are all correlated and if I knew how ... maybe I am just being too impatience :O)

WiseOldOwl ...

Can you please summarise the finances, expenditure and remaining assets of the company to date ?

Can you please elaborate on the refund schedule ?

For what it is worth, I have placed an ask up for my 629 shares at 0.009 BTC each - meaning a 10% loss on the small amount I could afford to invest.

If you wish to refund me at 90% by buying these back please do so, or if someone else wants to make an easy 10% ...

Firstly an apology ...

It seems I may have misinterpreted your earlier statements - I mistakenly thought the totality of the issued BZ shares represented 25% of the business Bitcoin Bazaar.

I now realise that the totality of the issued BZ shares represents 100% of Bitcoin Bazaar and that you own 750,000 of the 1,000,000 shares issued to date (i.e. 75%).

Apologies to everyone else for any confusion my confusion may have caused ;O)


Moving on ...


"And how much will you be investing on your p(r)oject?"

Can you please state how much cash you will be putting into the company ?

As an investor, I can accept that you might not pay the full amount for your 75% of the shares, but I would most certainly require that a significant sum is put into the business and risked by you.

This will also help to demonstrate to other investors a suitable level of commitment of your time to the business too.


Regarding your other answers to my questions - I am happy with the majority of the responses, particularly your intention to obtain LLC status - this will be very significant in gaining sufficient trust from investors, to reach the funding levels you need to get started.

The only major concerns ...

     You do not consider that you have any competitors - I am worried why exactly you thought this and wonder if you still do ?

     You are valuing the business very highly - while it shows a level of ambition, without any trading figures to back it up ... it is a high value for an idea.


Assuming funding meets the levels stated earlier - what are your financial and user base projections for your first year of trading ?


The business has significant costs to meet in USD, particularly during the initial startup - how are you intending to manage the risk that BTC volatility presents ?


Where do you expect the business to be in 1, 3 and 10 years ?

There was to be a motion on whether the profits from this month's mining would be reinvested into the company or not. Also the communication with investors has been more than adequate for the first month and a bit of a startup - have you ever invested in a startup before ? Rancidi was bitching about excessive communication ... and I see he is back to provide further digs - sigh ... some of the people, some of the time.

Did you read the business plan ? Did you provide any constructive criticism on it ?

There is clearly still a market for what PBJ is going to be offering here and company assets to more than support the last trade price - seems the votes (through the bids and asks of GLBSE for PBJ) support this too. I would certainly buy more shares at the price you traded at.

While checking for a raised motion, I note that it looks to me like the motion functionality of the GLBSE server is currently broken, at least it is through the 2.0 version of the Python client.

Any others having problems with motions through the web client ? (I don't have any access to my BTC wallet at the moment to test with an additional PBJ share in the web client)

Neither.

There are always non monetary costs to "free".

Even if it is just the lack of professionalism, as shown here.

What is your objective in making public one side of a story in which your offer of "free" services and products was rejected?

It has harmed your reputation - I'm now less likely to consider using your products and services, even with zero monetary cost.

I get offers of "free" business services all the time and ignore almost all of them. I certainly don't expect those offering to then go and tell all my past, present and future customers and investors - which is exactly what you've now done.

Cheap negative advertising then. Congratulations.

Hope you find a buyer for your products and services.

You expect far too much far too soon.

For now we should reward the small scale businesses that demonstrate professionalism, realism and honesty, while providing frequent, quality communication with shareholders and meeting the deadlines for dividends etc... that they agreed to.

From these we can build to the higher value investments you seek.

I'm hoping that's where LIF.VC, BST or IBB come in.

I think we need to demonstrate a healthy demand, to stimulate the supply.

Excellent. Thanks for the swift response.

I shall be diversifying into LIF once I've seen some healthy returns from my recent LIF.A and LIF.B investments.

I am also very interested in the LIF.VC and will be intrigued to see how you position it against IBB and BST.

Thanks for bringing some quality investment opportunities to GLBSE.

Quick question if I may ...

I understand that LIF.A and LIF.B shares own a part of the shares / other assets that have been purchased with the BTC funds raised through their sale.

What assets does the holder of shares in LIF have part ownership of ?

FYI - I've spotted a typo / suggest an improved on your website - "Dividend" -> "Dividend per share" on this page - http://lifunds.com/b.htm

What's the latest on this entry in the finances ? ...

     bitcoin2cc   2x$200 visa NEVER DELIVERED, contacted support no response

They still seem to be operating, as the website is functioning and available.
Doesn't seem to be any significant number of posts suggesting a scam.

Also not clear on the $600 that was delivered by them through earlier purchases - I assume this has been banked somewhere ?

Smart move in trading the BTC/USD if so ... maybe now would be the time to buy BTC unless their is a specific reason to keep that much USD available.

Peeps, I'm sorry to say, but I'm outta here. I'll be back when the share price reflects the return vs risk or vice versa.

EDIT : Excellent. Thanks for that. Further evidence regarding comms and professionalism ;O)

Okey dokey.

I don't see any problem with that, as long as you make a real clear post to this thread, when you change from paying 5000 of your shares a dividend.

At the moment, that is where the vast majority of your financial competitive advantage over SIN is coming from.

You are light years ahead of SIN in terms of communication and professionalism.

I far prefer your daily dividend approach.

I have purchased 60 shares in SMM with funds from the sale of most of my SIN shares - it will be interesting to see how many others reach the same conclusions and investment decisions.

Thanks for bringing a higher quality of investment opportunity to GLBSE.

In addition to the Ignore "button", it would be highly beneficial to have an indication that a post has been edited after posting.

Beyond that, it would be fantastic if each version of the post was also available.

Also, to address some of the other concerns - a mandatory "justification" for why a particular post or topic was removed by a moderator would be useful to.

I am interested to know too. Will be interesting to see how the performance of my portfolio compares to these - I may well give up spending my time on management and just pay you the 5% - that said I sort of enjoy it ;O)

I have a further, very significant in light of the behaviour of other GLBSE company CEOs, set of questions ...

(21) What other businesses do you own / partly own ?

(22) What other businesses do you operate / partly operate ?

(23) What is your current occupation ?

(24) How many hours per week will you aim to commit to BZ operations / activities ?

Could someone post the dividend/share for each of the days on which a dividend has been paid please ?

I am trying to do a competitive analysis of SMM vs SIN and unfortunately the Google Spreadsheet for SMM only gives the total dividend payout rather than the more useful dividend/share figure. I can infer the total number of shares which are receiving a dividend from that total payout but I would like the actual figures themselves for the analysis.

Thanks in advance.

Seconded. The lack of communication with investors was really starting to spook me. Hopefully we can expect a lot more info on what's happening from now on.

It would be great to see some figures on usage and revenue, now the site has been operating for a while - I'm in the mood for a little more investing ;O)

Aren't we nearing a dividend payout ? The contract states quarterly. Certainly looking forward to it.

I am certainly interested in investing in this sort of Bitcoin company - it is great to see another investment opportunity on GLBSE in something other than mining :O)

Before I invest, I have some questions which I would like you to answer ...

(1) Who are you ? What is your background ?

(2) What other user names do you use / have you used on this forum ?

(3) What makes BZ unique in the marketplace ?

(4) Who do you consider the top 5 competitors to BZ ?

(5) How will you compete against each of them ?

(6) What is your target merchant ?

(7) What would be the average annual revenue in BTC of a typical merchant ?

( What would be the average annual profit in BTC of a typical merchant ?

(9) What, if any, restrictions would you place on what a merchant can sell through BZ ?

(10) What will your pricing model be for these merchants ?

(11) How do you intend to promote / advertise to these merchants ?

(12) How have you reached a current valuation of 40,000 BTC for BZ ?

(13) Where is BZ registered ?

(14) How many people are employed by BZ and what are the terms of each of their employment ?

(15) What assets does BZ currently own ? (What would the shareholders be acquiring a 25% ownership of ?)

(16) When do you intend to start allowing merchants to operate through BZ ?

(17) Who owns the remaining 75% of BZ ?

(18) Do you intend to pay dividends to share owners ? If so, at what frequency ?

(19) What business information will you make available to shareholders ? At what frequency ?

(20) What is your objective in selling 25% of Bitcoin Bazaar through GLBSE ?