Simple, it's not automated.

(as for fat-fingers, look up the Tokyo stock exchange example http://en.wikipedia.org/wiki/Mizuho_Securities#Massive_sale_order_of_J-COM_share_incident)

um, well, it depends on the arrangements (and I would be better answering this tomorrow).

For some of the projects I'm involved with there is a formal document and agreement, for others, it is, as you say, a "gentleman's agreement".  Not normally a donation, but a recognition of contribution.

I agree the listed entities could be an LLC, and then there is a distinction between a company raising funds versus simply adding liquidity for existing shares.

Part of my interest in this is my having done several different entities, and being a qualified chartered secretary - so it's a bit of fun watching the evolution of this.

Take 2162 coins, deduct fees (8 BTC for the asset issue - would have to check trade/transfer fees).
Stick it into BS&T and compound for four weeks.
Remove 2820 (approx) from BS&T
Pay out 2000 * 1.28 = 2560
Pay dividend out of 260 (approx 3%/week return for that week)

I agree - missing the bus (especially when cold, wet and raining) is a reason to swear.  Most of the time when I have to catch one, they are only 15 minutes apart, but sometimes they don't turn up at all.

I have my computer sync'd to some internet time thing, but I'll also check the GLBSE clock as sometimes it seems to diverge. 

Bitlane offered a reasonable rate, not too low or high.  Coins sent.

Ok, I'm up for the bullet next week.  While "on time" is best, would you prefer early or late?

Meh - Starfish waves.  Send me a pm with a reasonable interest rate, and I'll send you the coins.

You do not need incorporation to be a legal entity.  There is a lot of ignorance about companies, company formation and entities.  For a lot of what appears on GLBSE an unincorporated joint venture is a good vehicle.

As an aside, have you bothered to check the legality of Apple, WellsFargo or any other "company" you've done business with lately (eg - your local food mart)?

Warning - there is a 250 Bid at 1.3.  I hope that whoever it is spots it and is not busy sleeping through the auction.

Hmm, someone was selling and I've picked up almost 500 PPT.DIV shares at an average of 1.02-ish.  With dividends delivering 4-5%/week returns someone obviously wanted out.

So, you're sending LR to the BTC-e exchange?  They have some good prices for buying sometimes.

(also saw your "interesting" lending thread posts - seeing where this goes)

I apologise for mis-representing your comment.  I also know that you diversify your own funds.

My exposure to PPT is probably just 640 coins that I have lodged in the insurance fund, so that would take me to maybe 25% if I wanted to count it up.
What I was saying is that my decision would be to not invest that additional block of coins directly in Pirate's BS&T, because even thought it might return the same percentage, it needs to have some other elements factored into it.

I suppose the other issue is if you believe all of BS&T deposits are equal.

I don't know.

My approach for a long time has been to diversify my portfolio (a point Colbee seems to think is a stupid approach in another thread), so I have lots of different investments (active and passive) around bitcoin-land.  Current BS&T exposure is 20%.

One of the things I do look at what is going on, and trying to sift the envy-crap out of different threads, track the evolution of the economy and how it relates to real world processes.  What has been great (from an economics point of view) is how the bitcoin-land economy has developed so rapidly, and you can watch the whole thing unfold in fast-forward.  An incorrect (that's my disclaimer) assessment is:

pre-2011 - early adopters do some cool stuff
early 2011 - trading starts to gain traction
June 2011 - trading bubble (and yes some sold a lot at $30+
2nd half 2011 - time of trading - great arbitrage opportunities, high volatility, good pickings on exchanges.
Q1 2012 - rise of lending/lending scams - decent returns but high risks, exchange rates become more stable
Q2 2012 - rise of the stock/bond exchange.  Lending calms down, price flat, speculative GLBSE bubbles.

2nd half 2012 - my personal expectation is for a few less well funded people to default of various projects, interest rates will come down, stock/bond issues will be more stable.  Price might drift along as people work out how to use BTC properly and speculative trading will be for the hard core.

Note that the money is at the higher risk, leading edge, and more stable returns in the wake.

and the 64000BTC question - will Pirate default and we find out he has been running a ponzi?  On the balance of probabilities, I'd say "no".  I bet my BS&T account on it (and I do every day).  I do, however, think it will evolve over the next six months, and that it will ultimately wind up.

I know when I started trading WBX it was a pretty small group, but it is only 85 that's still pretty small.  Also, the total below 10BTC/AUD50 is 35 accounts and would be a pretty small proportion of the total funds to deal with.  (One of the businesses I worked with last year we dealt to all the small accounts first, simply to make the more serious accounts easier to deal with without the noise of very small overdue ones.  It was an efficiency thing.)

edited out some unnecessary stuff

I'm interested in your motivation - is it just to stir shit, you want to see those that can't afford to lose their bitcoin suffer, or do you want to gloat when it fails.  Your posts do not appear to be genuine in warning (and has the impression of some religious crusade against evil).

(and while starfish are often idiots, this one expects some sort of disruption to the economy when BS&T finally closes it's doors)

This notice appears for the record:
http://blockchain.info/address/18YBCkTjSHysUB5ouL4Eapnf1MEpprQqLZ

Giga asked me to hold 617 BTC in escrow for a deal he is doing with Cobra.  (and yes I'm doing this for free because I've had good business with both)

And that excellent post was from someone with 11 posts to their credit.

I was actually doing some day-job work stuff. 

(and some bitcoin business)

Actually, I don't think they were a fool, and I tried to get them to use an exchange, pay real prices and basically stop bugging me.  It was just easier for them to send me funds and for me to send them coins.

I've done just that, might only have been a few thousand dollars worth, but a 10-20% premium was still worth having.