Contract changed slightly. I'd place a bid order, not an ask order when doing a buyback.  Thanks for pointing it out, Meni.

Care to add BDK? https://bitcointalk.org/index.php?topic=77343

BDK.BND is going live in a couple days. Flat 1%/week, value shouldn't deviate much at all from .1BTC/share.

Last three non-business purchases: cigars, baklava, using http://www.bitcointorrentz.com/

I'm a bit bogged down right now. Woke up, 7 PMs, 2 PM logs I need to read through on Skype.   

Anyway, the revised estimate is now .0007BTC/share on May 14th, and I have decided to sell pre-IPO shares. 4k are available @ .16BTC/share, minimum order of 250 shares. PM/Skype/IRC/etc me if interested.


Cheers,

Ben

First dividend. 

About on target.

Weekly profit: 237.02BTC
Total shares public: 5000 (4.5% BDK profit)
Total dividend: 10.67BTC
Dividend/share: 0.0021331436BTC
Next dividend: May 14th (revised estimated dividend - .00045BTC/share)

Oh. I should have noted that this is phasing out my old manual CD system.

Once we're beyond the IPO date, I'll offer to issue bonds to CD-holders in an amount equal to what their CD is worth @ date of maturity. CD renewals are no longer permitted. If no renewal (as a bond) on a CD @ date of maturity, CD will pay principal + interest like normal.

I haven't been there in ages, but doesn't it auto-release after thirty days, still?

Saw it. It's still May 6th here. 

That's pretty much how it was before it was taken over. [my bad -- see below] You'd have about a 50/50 chance of investing in a scam if you picked a security at random.

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/ 

10/2/12 Update: READ THROUGH Page 6 & beyond (if your settings are set to show 20 responses/page). I am currently in default on BDK.BND and have locked debt @ bondFV*1.01 -- *BUT* keep in mind I am not buying all the bonds back in one lump, but paying out irregular, unannounced dividends. If you are unfamiliar with what I'm doing, I strongly advise against trading these bonds. The current GLBSE contract is VOID. There is no longer a .101BTC/bond buyback guarantee on BDK.BND.

Current Bond FV @ "Lock In" rate (this is the amount I claim I am liable for assuming interest does not accumulate after the date I announced default): 0.092139BTC/bond
Current Bond FV @ "Compounded" rate (this is the amount I claim I am liable for assuming interest DOES accumulate after the date I announced default): 0.093139BTC/bond



Pretty cut-and-dry. I'm guessing if you're interested, you've invested in similar bonds and don't need me to re-hash the inner-workings. BDK's financials & operating activity: https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&gid=18

GLBSE link: https://glbse.com/asset/view/BDK.BND

Contract
BDK.BND pays 1% of face value every week (Monday). Percentage will remain at 1%/week until the bond is bought back by the bond-issuer ("Ben Malec"). Bonds will be issued @ .1 BTC each. Thus, each bond will pay .001BTC every week. There is no limit on how many bonds may be issued nor when they may be issued. Bonds can be issued and sold without warning by the bond-issuer at any price he wills. Bonds cannot be sold back to the bond-holder except in case of a buyback. BDK.Bond does not have a set date of maturity.

"Buyback" -- The bond-issuer may buy back all bonds at a price of .101BTC/share at any time he wills, without warning. In this case, the bond-issuer will use GLBSE's forced buyback feature to pay .101BTC/share.

"Contract Changes" -- The bond-issuer is not permitted to change this contract at any time under any circumstance. To "change the contract," a buyback must be placed and a new bond asset listed on GLBSE.


--END CONTRACT--


Any questions?

https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&output=html

There are pros and cons. You want investors & buyers to feel safe with you, which is difficult to do without opening books. Just look at what a total clusterfuck the BBB (Better Bring Bucks if you want them to overturn bad reviews) has become. Outside of that, people pay for Amazon reviews, now -- they pay bloggers, too. There's a large host of tricks to boost your credit score, and I've seen it advertised on this board where you can effectively buy new credit scores. On the forum, we all know about the sockpuppets people create to "fix" their bad reputation. OTOH, maybe you don't want buyers to know the markup you're charging because you don't think you'll be able to convince them your cut is justified, or perhaps you don't want people to know who you're doing business with, maybe you have a cheap supplier you think others will try to jump on, or maybe you're trying to hide income from a gov't - or maybe you want to protect the identity of people you do business with.


It's a business decision, but I don't see why both options can't be considered, or why people wanting to know what a company's doing with their money should be looked at like they're proposing something utterly absurd, and I don't think anyone's asking for people to list every individual or company they've done business with. With BTC lending, we're all in a group and we work together. We all have our own niches, we collaborate, and we all have a good idea of what everyone else holds. We generally do "splitsies" on larger loans if we don't have enough to cover it or if we just want less exposure to the risks associated with the loan - and I can't complain about how it works out for us.

Allegedly, a lot of talk about this on the SR forums. I don't use the service and don't feel like scrounging around for whatever address they're using, now.

If the stories told are accurate, it could've been prevented if people just properly used the escrow service SR provides at no charge.

A couple weeks ago, blockchain.info had an extended outage, GLBSE went down for a while, MtGox announced they weren't doing wires for a week, and there was a massive Silk Road scam. With all that, not much happened with the price. Does that predict the future? Maybe, to some debatable degree, but it's simply impossible to know.


All that matters is what people with money do, and perhaps that's increasingly not speculators. If Yankee decides to buy 50k coins for a float in a new venture and he keeps it to himself, the price will swing up. Trends might be able to predict what other speculators will likely do after Yankee's buy-in to a degree, but they can't predict Yankee buying 50k coins for undisclosed business reasons. They can't predict the effects of Bitcoin Magazine arriving at folks' houses, they can't predict future hacks on major BTC infrastructure, they can't predict people selling off their BTC to buy an island on a whim.

I'm starting to think there's a global conspiracy by scammers to keep women out of business. Out-of-my-ass analysis shows 50% of scams are done by people overtly (whether using a woman's name as a handle or showing a picture of a woman's face in avatar) claiming to be a woman, while only .5% of BitcoinTalk users claim to be female. Tits have been an immediate red flag for me when considering transactions for months, now.

By the way.... http://timlwheatsvictims.com/ lol

"Web History is paused"

"Your search history is currently empty."

 

Having a spirited debate with myself, a couple shareholders, and invite others.


I think I can get .16BTC/share largely due to there being a large volume (4k) of shares available for pre-purchase. There's currently strong bids, but very weak asks, which I interpret as meaning the market's quite willing to gobble up more BDK shares. The ZipConf buy is going extremely well and will net "BDK Hybrid" owners (and myself!) a nice sum when dividends come out and/or I decide to sell. There's another quiet investment I'll talk about within a couple weeks, and  which I am optimistic about - may cause a "breakout." As well, I forgot I have extra USD loan income coming in this month. >3k coins will be freed up on the 19th to be reinvested, which should help turn the previously-unimpressive future of June's from "unimpressive" to "pleasing". There are plenty of exciting events going on and lined up.

OTOH, I did explicitly say I wouldn't offer pre-IPO shares for the June 2nd offering, but the spirit of that was thinking I'd sell way lower than the market would accept like I did with pre-IPO shares from the May 2nd offering. The way the offering is designed, I should regret even an offering of .16/share at the end of the year, assuming no catastrophe. Though, if there are only a few small nibbles on the pre-IPO offering, being stuck (via the contract) selling BDK shares @ .16 or higher may slow progress down for a month or so.

So far, the >50% shareholder thinks this is a reasonable price & way to proceed, and I got something like an all-clear from another. I plan on making a decision one way or the other within a couple days of issuing the first dividend on May 7th.

Someone walked me through how to use OTC and I'm finally on. http://bitcoin-otc.com/viewratingdetail.php?nick=bdk_kluge

Would appreciate ratings. Skimmed through a couple hundred names and rated who I've done business with. Would appreciate ratings and if I've done business with you, feel free to remind me if you're registered.


Cheers!

I'll have 3k on the 19th.

Somebody triple my coins, eh?