How heavy is this beast?  |
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It doesn't look like any of the larger "institutional" investors are holding much/any muBit shares. Maybe getting out and pitching to them a little (bitcoin banks, other funds are the firsts that come to mind).
Not entirely true, one of the Bitcoin banks has purchased a large share of this offering and is watching the IPO like a hawk  Ahh...Music to my wallet.dat  It might be off-topic, but thanks for your free advertisement in the signature. |
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Update
First motion
Voted Yea:1098
Voted Nay:17
The motion has been passed.
Second motion
Voted Yea:1150
Voted Nay:0
The motion has been passed.
We have taken action according to the first motion. The second motion now seems to become obsolete since the IPO will probably finish before the end of this financial week.
We reduced the first round IPO from 10,000 shares to 3,000 shares, as allowed by the votes of shareholders. So, there are merely several hundreds of shares left, and we are on the road of making our money! Do we have to say anything more about the remaining shares? |
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Update
First motion
Voted Yea:1098
Voted Nay:17
The motion has been passed.
Second motion
Voted Yea:1150
Voted Nay:0
The motion has been passed.
We have taken action according to the first motion. The second motion now seems to become obsolete since the IPO will probably finish before the end of this financial week.
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It doesn't look like any of the larger "institutional" investors are holding much/any muBit shares. Maybe getting out and pitching to them a little (bitcoin banks, other funds are the firsts that come to mind).
Not entirely true, one of the Bitcoin banks has purchased a large share of this offering and is watching the IPO like a hawk I watched that there is a large buying of muBit today. The motions are still lying there, I don't know why. Maybe it's because there are some inconsistency with timing in GLBSE. So, whoever those made the huge purchasing are, you are on the way of making one of our motions obsolete!  I love you guys. |
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I'm buying back stock, I doubt you will lose much if any money.
We've already seen your announcement in another thread, thanks. Glad that you and Nefario have finally solved it out.  |
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It doesn't look like any of the larger "institutional" investors are holding much/any muBit shares. Maybe getting out and pitching to them a little (bitcoin banks, other funds are the firsts that come to mind). I suspect there are some people who are looking for the potentially undervalued assets on the GLBSE, and who'd like out of some of the (perceived or real) risk in investing in some issues there. (like me) I'm already holding a position in muBit, and would increase it as I see some more shares sell. Puremining: I think people might have been moving funds around to speculate on the IPOs as well. I think Meni is a sharp guy, and this just fine as an asset. With a repurchase guarantee at 20% over the 30 day avg close it's not in serious trouble i don't think. TyGrrr* - Grrr sums it up for me. I would not buy in, but I would definitely wait to see it recover if you didn't bail the second you saw the post that said "sell sell sell, tygrrr assets are going DOWN" - and to do EITHER is a gamble, and a likely loss of money. I'm very interested in the Gigamining, and Bitcoin Mining Co issues, myself. And honestly, I had gotten from the OP that you might be investing in earlier stage startups, and that's what had attracted me (and why I am interested in you selling shares - so you have capital to get a startup off the ground, and then kick it out for an IPO. I'm here if I can help I think it's a good idea to get muBit known to Bitcoin banks. Thank you. I haven't made any action to TyGrr-* yet. Hopefully we could sell all of them without loss and even with some profits after their prices fully recover. About startups, we will PM you for the details. |
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mu has been a little starved for attention given the ongoing issues that surround one individual (as seen above in this very thread!) Perhaps regardless of the outcome of the motions, you might see if you can raise a little more hype about the IPO. I'd really like to see the fund have more than a handful of coin. Also - will the fund be investing in startups? Yes, we are now in need of attention. We might have been too careful about raising hypes because we worry the negative effects of bad advertising practice. Hopefully we could think of a way good enough to attract eyes. Investing in startups belongs to our business domain, but the priority of private startups are below GLBSE-listed ones. We have to take more risks and responsibility when investing in an startup which is not open enough. |
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Weekly financial disclosureTime: 9:50 AM, Beijing time Date: Apri. 05, 2012 Funds of Last Week: 70.048 BTC Shares Sold: 1139 Gross Income: 113.900 BTC GLBSE Trading Fee: 0.570 BTC Net Income: 113.330 BTC Total Funds: 70.048+113.330=183.378 BTC Dividends Paid: 0.000 BTC Spent Funds: 129.715 BTC 40xCognitive 22.565 BTC 200xTyGrr-Bank 20.600 BTC 20xTyGrr-Bot 20.000 BTC 50xPureMining 18.550 BTC 80xBitBond 48.000 BTC Usable Funds: 183.378-129.715=53.663 BTC All of the assets we hold have not paid their dividends yet. So this week's profit is 0. But as we said, we will begin making money in one week or two. There are now a lot of uncertainty of TyGrr-Bank and TyGrr-Bot. If unfortunately we face an extreme condition that one or both of them end up being valueless, I myself will bail out muBit by filling in that hole with my own coins. Note that it is not our policy to take the whole responsibility of every future problematic investment choices, but this time we will do if necessary. Both of our motions will end soon, and we will edit this page to add the results.
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That Ponzi scheme IPO is about to end, and this IPO will be running in a faster way.
You're quickly acquiring the reputation of making libelous statements about all sorts of people in this forum, with no evidence. You might want to tone it down a bit, in case someone ever decides to institute anti-defamation rules in the forum Guys, guys, I smelled a flame war brewing in our business thread. It's OK if it does not last for pages, but if so, it will dilute the actual information. A new thread or somewhere else might be more appropriate. |
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Since our motions have not ended yet, the weekly financial disclosure and investment opportunity study will be released later today(GMT time). We will see if we have profits this week so that we could pay this week's dividends then. Anyway, because we have already hold a considerable number of assets, starting from the next 1-2 weeks we will be able to pay relatively larger dividends. By the way, for those who are hesitating whether (holding more of/buying) our shares, as long as one of our motions passes today, there will be much less shares left for you to buy in this round of IPO. So we suggest you to catch up if you can. |
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I'm some kind of lingering between the first and the second.  |
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Update
Two new motions are raised.
We apologize for bothering you with motions. We know that frequent motions are in essence contradicting to the point of our fund, which is created to save your precious time and energy in the first place. However, these two motions are not about specific investment choices, but the near to mid-term future decisions of muBit. So please excuse us. They are serious and important topics, and we need your opinions.
Dear new shareholders, these two motions are still going on at this moment. If you have some spare time, please vote. Thank you very much. |
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From about two days a go, I've been occasionally seeing the 502 Bad Gateway message when refreshing GLBSE. The frequency is about 3-5 times a day.
I wonder if someone else share this problem with me, or it's just a problem from my own network connection.
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Update
Two new motions are raised.
We apologize for bothering you with motions. We know that frequent motions are in essence contradicting to the point of our fund, which is created to save your precious time and energy in the first place. However, these two motions are not about specific investment choices, but the near to mid-term future decisions of muBit. So please excuse us. They are serious and important topics, and we need your opinions.
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Update
Voted Yea:1123
Voted Nay:70
The motion has been passed.
We are now allowed to do what the motion says by the majority of shareholders. It does not necessarily mean we will do exactly that. Our final actual portfolio of this week will be released in the weekly financial disclosure section.
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Thanks. But why do people believe they would buy the drugs in days close to 420? They might already bought most of what they need in March. |
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What's so special about Apr. 20? Is there something I'm totally missing?  |
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The IPO seems in a slow but steady move, everyday the share is being purchased. I guess if it was not the sexy Ponzi large scale IPO, this rational IPO would have going faster.
Voted. Everyone would know that I voted nay.
Nefario, why the shareholders now cannot see the voting results which could in the GLBSE 1.0?
The results become publicly available after the motion has finished, go to the assets page and look at old motions. Our motion has now finished. I checked the assets page but still couldn't find the results. Is GLBSE on an update so this feature is temporarily not available? Thanks. |
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