Here's a question to those busy bidding and buying - if you're only prepared to pay 1.10 at auction, why do people pay 1.15 immediately after the auction?  Wouldn't it be better to bid higher with greater certainty of having your order filled versus the regret of not having a high enough price.  

I presume you bid at a level where you become indifferent between winning and losing - despite the problems with the auction today, it sounds like people were not indifferent between the two possible outcomes, and that was a deliberate strategy.

I'm not sure of the actual movement in average price from 2:00:00 to when the sale went through.  We have used our best endeavours to ensure that, given the limitations of the trading platform, that it takes place correctly.  

If it had triggered a minute early would you like it if we paid less than 1.28?  I wouldn't think so.
Also, if we paid 1.295 to the bond holders, that would enrich those who did get bonds, but not help people like mousepotato who missed out.

No, you are complaining that at the time the system was supposed to execute, it didn't.  And at the same time, people were changing their bids as long as the trading platform allowed them to do so - and everybody was in the same situation.  Some chose to take advantage of that, and others did not.

Hi psy, it would have been interesting to see the 1600 bid miss out, along with others that were there for 400 and 600-ish that I saw.  Having a 100 or so people holding bonds would have been good.

In terms of "enhanced" profit, a few minutes before show time the average was 1.104 and it went down slightly, and the 1600 @ 1.095 moving to 1.1 might have changed things a maximum0.015, but it wasn't the only bid moving in the last few minutes.  The notes I took for total bids showed that by 2:01 there were 6950 and another 500 piled in after that. 

No, it's probably not going to, but you also know the platform is a bit flaky.  Also, the difference between the highest and lowest bids that cleared is quite small starting at 1.105 and going to 1.0999.  So, the difference between being the highest bid and missing out is just 0.5% over the 28 days.  I understand people wanting to get the lowest price, but complaining that your bid was too low on such a narrow margin doesn't really stack up.

The timing last week was early and this week was late.  The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.  

As advance notification, the deposit rate will be reset at the end of June to 1%/week. 

I am signalling this in advance, and I expect the economy to be a little different in seven weeks time.  It also reflects some lower margin lending I am doing to make some equipment purchases more more affordable for borrowers.

Most likely?

Joel is not being serious, or else has not looked at the list.  How likely are any of those names - Mr North maybe, but who would call their kid Sends?

They are available for purchase. 

I have put in place finance for a buyer for five units (1000 coins) and the delivery guarantee penalty they have cuts severely into margins, so they have a strong incentive to get them to users once ordered.

The OP says:
Brands:  ABC Bullion 1 Oz Gold Bars
             Perth Mint 1 Oz Gold Nugget Coins

That must cover half of the questions.  You can probably look up the fineness from the relevant web site.

What prevents you selling the gold?  (Seems to be the obvious question)

As a follow-up -ShadowAlexey asked me to open a "deposit guarantee" account for him.

The main purpose of this deposit is to store reserve funds, that will be used in case of a BS&T default (payback  according to the rules of the additional warranty in the OP)

This deposit cannot be withdrawn if it contains less than 5% of current deposits amount or for a amount that will make it so.  Similar to other deposit account operation ShadowAlexey can request withdrawals and I will send all his funds back to him.

Also:
- ShadowAlexey has considered an event where he can not fulfil his obligations to his depositors for more than a month(start date is date of first interest payment).  In that event I am authorised to pro-rata pay  all funds stored in the deposit guarantee account for him.

 -On ShadowAlexey's request I might freeze this deposit for withdrawing for specified amount of time.

The Deposit Guarantee address is: 1HPfwRc7Gktpn8exzanffpXXzp5Rb4NiPV

?? It was just a note - they are not the same - and it doesn't necessarily mean anything.  Hence, your comment doesn't make much sense.

Funded.

I binned it, but I'll send you a copy if you like - pm me an email and I'll ping it across.

I'm not sure where the $1280 price comes from, but they do say they are producing at cost (no profit margin) - they are only doing that for two months.

The 50% increase will take it to $960, and would allow for some profit.

It was a nice run for my OCR software - only took a few minutes to make into a proper document.

Did you type it or OCR it?  I have a copy in Word and took me a few minutes to do.

I have discussed Request's request a few days ago and decided not to extend a loan.  I understand he may have received some funding from someone else.

I'll be snoring through the bond issues given the suggested time.