Securities Exchange Commission deals with registered securities so who registered with them from either group?
Did zeek offer registered securities? Its a rhetorical question, but to be sure, I just googled it, and found this: According to the SEC’s complaint filed in federal court in Charlotte, N.C., customers were offered several ways to earn money through the ZeekRewards program, two of which involved purchasing securities in the form of investment contracts. These securities offerings were not registered with the SEC as required under the federal securities laws. http://www.sec.gov/news/press/2012/2012-160.htm
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do you think GIGAMINING is crap? BMF? PUREMINING? BTC-MINING, and so on?
They are at best, very high risk. At worst, yeah utter crap. FWIW, mortgage prices didnt collapse as badly as those mining assets, and I suspect the onslaught a few 100 TH worth of ASICs will bring will make that collapse look decidedly small. And those are your "star" assets. Why dont you mention the real crap like OBSI.HRPT, DMC, V.HRL,... CPA ? And while you are clicking the show/hide button on my post, can you please explain how you calculate "market value" on your spreadsheets? The numbers dont seem to correspond to anything I can find on GLBSE, not last trade price, not ask, not bid, not 5 day average. How do you calculate it?
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Getting BFL involved in this is nonsensical and frankly, childish by the OP. Wont go anywhere.
However, it could be worth mentioning bitcoinica to them. Im sure they would be a whole lot more interested in that.
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At this rate I could pay off the loan in about 6 - 7 months.
You have maybe 2 months of profitable LTC mining ahead of you. Perhaps not even that, and its not like I would bet a penny on LTC on exchange rates over that period. I also think you forgot about electricity costs. Look, Id consider lending you if I thought it was going to help you, but I fear its just going to cause trouble for both of us.
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They don't have to acknowledge bitcoin as a currency, just that it has value.
Exactly. It wouldnt be any different than if this was a swindle with foreign currency (which is also not legal tender anywhere), stocks, gold or cat food. Then again, I dont know how much the SEC has to say about cat food, but possibly they do have some authority when it comes to trading future contracts or whatever.
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I *think* this is how places like techstars work. I had a friend get his business picked up by them and it seems to be working out well for him. From what he told me it sounded very similar. After getting through the screening process, he had some help from them to refine his product and then got a chance to present in front of a bunch of potential investors. From there, he met some people who were able to help him further and is now rolling out his product to clients.
I know how the investors make money and I know how he makes money, but I'm still not sure how the networks make money (in this case techstars). I'm guessing they must get a cut of profits from successful businesses, but I have no idea what that contract would look like. So, you could be looking at a substantial portion of your profits being taken (investors and network). But if you have a good idea and need the startup money, that is one way to get it.
Angel investors invest their own money. Of course they want a return, a big one, since its very high risk. Typically they will demand something like 50% of the company shares, although it depends of course entirely on the type of project. the investor and of course how much you can finance yourself. As for the network, they dont have that many costs. They just rent some locations for the events, do the prescreening and marketing and give you some assistance. They get their money from the business angels who pay a yearly fee to be a member. As a candidate entrepreneur you also pay a fee, though when I did it, it was only like 50 euro or something, mostly symbolic, and not dependent on whether or not you got financing. IIRC the prescreening was even free. Then again, different networks will use different rules Im sure.
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He asked tons of questions about PPT operators,
Best news all day.
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AH, I see the difference. TEEK.A 1@0.01100001Thats the last trade price, and what I used last time. You have it fixed to 1 BTC, which is not entirely unreasonably since it has a 1 BTC buyback clause. It just seems like its not being honored? edit: also seems your financial report auto updates? I have a few hour old screenshot that shows NYAN.A at 1619 total. Now its 1515 with the same update time. Where are these numbers coming from, are you using 7 day average and pulling them in dynamically? If so, you now have a good idea what to look forward to next week.
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This is why you should ignore puppet. He's full of it. NAV of NYAN.A down -38%?
What?
The guy's a looney :p
Of course I dont know if you bought/sold anything since the last update, but thats what I got when I did the math when I posted it. Here is what I get using up to date spot prices: Holding Units Market Value Total (Market*) % BMF 1200 0.216 259.2 TEEK.A 200 1 200 MU 150 0.11 16.5 MINING 165 0.815 134.475 JTME 50 0.7999 39.995 FPGAMINING 215 0.499 107.285 TYGRR.BOND-A 200 0.1 20 M.ETF 80 0.13 10.4 OBSI.1MHS 400 0.0862 34.48 JAH 317 0.12 38.04 ZETA-MINING 50 0.17 8.5 LTC-MINING 7 0.415 2.905 GIGAMINING 70 0.651 45.57 OBSI.HRPT 2200 0.076 167.2 BITCOINS (COLD) 0 1 0 BITCOINS (HOT) 3.768973 1 3.769 TOTALS 1088.319
In your last financial report it was 1515.4. -28% All is good I guess Mind you, if you actually wanted to sell all of the above junk, you'd be lucky to get close to 500.
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Interesting? So I see she (or he) signed with "Serena". Also the books are written by Oliver Richman, who is a real life vampire! https://groups.google.com/forum/#!msg/rec.martial-arts/ly5cmb5i8bc/aBX3EztwQ4YJ There is only one vampire around here. I assumed it was this Oliver Richman: http://www.oliverrichman.com/presskit/index.htmlThats more how I see usagi, an 11 year old self proclaimed "multi talented" "child prodigy".
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Nope.
I was 50-60% majority shareholder of DMC before the ASICMINER deal, and I only traded for 4200 shares. Diablo traded for an additional 14,500 shares with other people. I was simply the only one who reported it. I've said this 20 times already. In short, you should know better.
This is not about the asicminer trade. Nefario and ColdHardMetal were told about the trade live in IRC and agreed it was okay. Further, Diablo was NOT reported for this but for breaking his contract. Its the same thing; it was (IMO correctly) alleged that by trading shares far below market value he breached his contract. Even if the contract doesnt state it, legally company directors are required to act in the best interests of the corporation committed to their charge by the stockholder. In the absence of any contradictory instructions, this would mean giving the stockholders the best possible returns their (in this case, fantastically limited) skills permit. Selling shares at a few % of market value is not in accordance with that, and what nefario thinks about that is largely irrelevant. ASICMINER will mine at 155mhash/share for itself. This is a guarantee. No usagi, there is no guarantee. Its a gamble. They may well produce zero MH. If their asics are good they will be 155/share. For 0.1 btc a share. Stop and think. Gigamining is worth 0.67 now, down around 60%. Qui cum canibus concumbunt cum pulicibus surgent. (if you sleep with dogs, you wake up with fleas). Cant believe someone would have to point this out to you, but gigamining is paying dividends now, based on a difficulty that is probably 50-100x lower than ASICminer will, if they ever pay anything. Moreover, the only reason gigamining still is trading this high is because it provides an upgrade path to terramining. Please ask yourself this. DMC has over 10 mhash/share now with the ASICMINER. It is worth 0.05? You are not up to date. Your good friend Diablo traded all the ASICMINER shares for worthless obsi shit. The last remaining asset with some potential value flushed down the drain. Result? DMC 1@0.004001I told you DIablo would manage to burn what little shareholder value was left.
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For relatively small amounts / high risk ventures, look for a business angel network. Business angels are generally rich (ex-) entrepreneurs that like to help startups and make some money doing so. They are organised in networks, you pay a small fee, apply, if your application gets through the first screening, you get like 15 minutes to present your business case for a bunch of business angels and you hope one or more are impressed or curious enough to talk further to you.
If you need larger sums of money, they often provide preseed capital that might be needed to get the attention of venture capitalists or larger investment funds. Or they will introduce you to them (for a %) if you really convinced them.
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I didn't invest with Pirate, so I honestly don't know why I am receiving this anyways.
Did you register for gpumax?
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Where did the SEC get the emails from? From pirate? Anyway, I hope PPT operators will begin sweating.
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Goat, wouldnt your time be better spent on "Going after Trendon Shavers" ? Or was that just bleating?
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Motion 127 is now closed.
Voted Yea:4775 Voted Nay:10141
Nefario failed to gain his needed 66% of the votes to pass his motion. I remain CEO.
Looks like 100% of the shareholders who bought your shares on GLSBE boted Yea. Big surprise that the sockpuppet(s) who you gave 10000+ shares to voted in your favor. For all I know you gave most of them to yourself. Anyway, will be fun to see your talent at work again. You already burned >99% of shareholder value, lets see if you can burn the rest too. My guess is you can. Only you can.
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Well okay, it is nice to know what you did, but are you aware the highest bid for OBSI.ABMO is .01 and the highest bid for Asicminer is well over 10 times or 1000% higher?
How did you double your book value? It looks to me you lost over 80% ?
For once Im gonna agree with goat. Its even worse than that, read the obsi.ambo contract. He is paying himself 10 shares per day and is under no obligation to pay a single penny in dividends. He is also unverfied on glbse and runs at least one other ponzi. I would estimate the loss at closer to 100%.
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Ultimately, my question is, what stops the banks from buying their way out of bitcoins (via computing performance)?
I suppose they could. But then we could just fork the blockchain and carry on with an alternative algorithm and banks would have spent $250M on what amounts to little more than bad PR for bitcoin. Im sure they can get better bang for their buck.
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Em, risk of depositing 500btc~6k dollars for one month could bring you to serious funds loss, because of price drop
To quote her "I personally buy about 100 BTC a month. So there will be repayment liquidity from myself personally if need be." Since she is already taking the exchange rate risk anyway, why pay skyhigh interest rates on top of that?
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Thats her own choice, it has almost no relation to this loan, because it is backed not with assets.
She is requesting this loan because she cant sell her assets, those are her words. Thats a pretty strong relationship if you ask me. If you meant the risk to the lender, then thats something else, but if she is so solvent I have to wonder why she would borrow at almost 2% per week instead of lending her own money to her companies.
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