Insert Quote
Hmm.. the key you posted at http://pastebin.com/raw.php?i=TUpxbqzf does not match the OTC account's at http://pool.sks-keyservers.net:11371/pks/lookup?op=get&search=0x15D232D0F89D6EF8

(411.33995574 / 3041) = 0.13526470 per share has been paid out in dividend.
This brings us up to 100% paid back
Thank you all for your patience and I yet again want to thank INAU for honoring his promise even though the terrible situation he was put in.
I am going to start delisting the asset soon, as there's no reason to keep it up anymore.
//DeaDTerra

Can somebody work out the total principal repaid so far as dividends? I have not held the shares for the whole time to be able to work it out from my records.

The plan right now is to keep the conversation with the depositors and settle anyone that would like to trade their GIPPT shares for debt. We are offering +10% if you take IMSAGuy or HK debt
There's no timeframe atm as it depends on the depositors.
//DeaDTerra

I'm sorry to say, but I'm afraid it was a big mistake to invest in this bond.

If Pirate starts paying back on Monday, we will get our money much later as the people that invested directly with Pirate (without insurance). Pirate's paying back by account-age, so if you invested with BitcoinMax you will be one of the first, but with GIPPT it can take up to two weeks according to Pirate. After that, there will be some additional delay, because it has to be transfered to GLBSE. It seems we'll really be the last in line, and this is a big disadvantage while prices are dropping because of cashouts.

If Pirate decides not to pay back, we will also not see our money anytime soon. I expected INAU to start liquidating immediately after the news of the closing, but he has done nothing at all. The escrow funds are still with imsaguy, and INAU hasn't even requested them back yet. Even if he decides Monday that it's finally time to request a withdrawal, it will take at least two weeks, because he has to give imsaguy two weeks notice. After that, there will be some additional delay, because everything has to be transfered to GLBSE. So again, it seems we'll really be the last in line compared to the other insured bonds, and this is a big disadvantage as we don't know how the market will react to a default.

So in both scenario's, it seems GIPPT is the worst possible option. I really hope DeadTerra and INAU take their responsibility and buy us out this weekend, but it seems its just not gonna happen anytime soon.

Hi DeaDTerra, I agree with everyone else - please feel free to invest the GBF funds into other business ventures that you control but not with Pirate so that we can keep our Pirate exposure separate from GBF (I use Bitcoinmax myself).

Thanks and keep up the great work!

In the document list of your investors, how can I figure out what my number is? I would like to keep track of my balance. Thank you very much in advance

Hey guys, I am going through some private stuff at this moment, so I am not in shape to write the weekly report, so I will delay it until tomorrow, same with the profit pay out. Really sorry guys.
I will fix it asap tomorrow morning, thank you for your patience.
//DeaDTerra

Because when we up out pricing as of Oct 1st, these will be valued by our contract pricing. If you bought now for .1 and we up our pricing to where a 1yr 1ghs contract is 2k, then the share would be worth at least .2 each. And so on.
That would be why. Plus at this rate, all share will be sold within 2 weeks (just sold 200 between reading your post and typing this)

There are a lot of IRL companies that keep trade secrets from their shareholders. In fact, securities law prohibits sharing information with shareholders that is not also made available to the general public at the same time. Shareholders are shareholders - they are not managers or even directors. In some countries shareholders that start to act like managers lose their limited liability shield.

I respect tawsix's right to keep the exact rig recipe secret and support his reasons for doing so.  The information he has chosen to share is fine by me (price and hashing speed). I do not support (and neither should Nefario if he wants to legitimise GLBSE) secret information being made shareholder only. If shareholders don't like this they can always sell or just not buy in the first place.

Twaz - I know the motions are still down, and Nefario prolly needs another day of rest, lol. I'm really liking the new eligius.st pool system ( /3/ which I use as my primary currently), and I use BPM as my backup.

A preferred list of motions I'd like to see is:

Motion 1) Vote to take some percentage of all the rigs, and put a few miners on a few of the popular ones for 48 hours. I know it'll prolly bust your stats a bit, but I'm always down for research. Maybe like 4-5 pools? I trust your due diligence in the matter.

Motion 2) Given the results of the testing, a Yay motion to choose the top pool as backup, with the second winner as a backup-backup, third as a backup-backup-backup. Given a catastrophic failure of multiple pools, to authorize you to choose at your discretion.

Motion 3) A Yay, so that once every 2 weeks, take a small percentage of the mining resources to be used for testing that will update this list of backup pool priority, that will be posted on the stats site.

I'd actually prefer it if the results of the research remain only given to the shareholder. And a small fund reserved for the assasination of a shareholder found sharing this information.