Let me think...Everything remotely palatable is game for me so I don't have a very specific food I hate. The worse thing that I would think about eating is Tofu skin (I hate the strong smell and the slimy texture, but I could be coaxed to eat some if needed  ), fried rats (no way I'm eating something so gross, and I did try scorpions and grubs before). I love heavy smelling stuff like blue cheese, kimchi, durians(damn tasty stuff, I can say), century eggs, shrimp paste, and of course some ole' Limburger goodness  so I don't get why I hate the tofu skin though. Note: I'm a standard-sized guy, and without a spare tummy although I love to eat. Edit: friedcat, I haven't tried testing some fried cat though - I don't eat domestic pets.  I don't eat domestic pets either. My name is just a nickname called by my friends for many years. I like blue cheese and century eggs too. Although I could eat the former directly without any processing steps, the latter should be cooked properly to fit in my mouth. Century eggs with porridge. Yummy! Wow, I'm just about to suggest exactly this combination. Also with vinegar & soft fresh tofu.  |
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Let me think...Everything remotely palatable is game for me so I don't have a very specific food I hate. The worse thing that I would think about eating is Tofu skin (I hate the strong smell and the slimy texture, but I could be coaxed to eat some if needed ), fried rats (no way I'm eating something so gross, and I did try scorpions and grubs before). I love heavy smelling stuff like blue cheese, kimchi, durians(damn tasty stuff, I can say), century eggs, shrimp paste, and of course some ole' Limburger goodness so I don't get why I hate the tofu skin though. Note: I'm a standard-sized guy, and without a spare tummy although I love to eat. Edit: friedcat, I haven't tried testing some fried cat though - I don't eat domestic pets. I don't eat domestic pets either. My name is just a nickname called by my friends for many years. I like blue cheese and century eggs too. Although I could eat the former directly without any processing steps, the latter should be cooked properly to fit in my mouth. |
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This is a totally off-topic post.
Requirement: it should be heard of and eaten widely.
Mine: Fish & chips, watermelons, yuzu.
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Note: Deviations in dividend returns between listed companies may be due to the percentage of profit returned to shareholders. Search the forums for information on the specific listed company. I have not listed companies that have not sent a dividend payment in GLBSE 2.0 or only sent practice dividends. Weekly dividend amount is the sum of all dividends sent out in the time frame listed.
Could you please remove this week's data of our company (MU) from the main thread?  Because that are exactly practice dividends (for both practice and cleaning up our former funds). We are afraid that it would bring confusion and scare off our potential investors. Thanks very much. |
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MU please. Or we can wait for some time to be whitelisted. |
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Goat has 3 main things on GLBSE, TyGrr, TyGrr-Bank, and now TyGrr-Bot. TyGrr has been around for a few months now and has consistently paid dividends.
IIRC, there is also BIB.Goat, which is a debt issue, now significantly owned by Goat. (slick creative opportunistic financing really) Now, when I suggested this was risky, I did not suggest that Goat was attempting to scam anyone in any way. I was really trying to more careful determine the real risk involve in investment because I like the general idea. What znort987 says is dead on. Honestly, with copumpkin talking about credit default swaps, the risk in this project sounds more attractive. I tend to think it has a high potential for spectacular failure, which could extend the risk to Goat's other ventures (this is my main concern, Goat's overall risk & solvency) but now, if I could hedge that risk with CDSes, I'd really consider taking a plunge. The fact is, if Goat and his team can pull TyGRR-Bot off, it's likely to be the proverbial cash bull! Goat looks like he's been successful in his ventures, and while I have my questions with this one, all other things being equal, this has a high potential for success. The risk is, IMO, somewhat understated, but I am fairly conservative, too. YMMV (also, I don't recall where I read about an arb-bot being banned, and I could have been mistaken, or somehow jumbled that idea in along w/bitscalper - but I sure thought I read it somewhere...hmm - however, a properly executed bot will in fact add liquidity to the exchanges, rather than take it, so it should be welcomed, IMO) Where did copumpkin say this? He is selling them now :/ Has a thread somewhere. And yes, there is some risk to this project but I doubt all money will be lost. Odds are if the bot does not work out most if not all of the money will be returned. To lose a lot of money doing this will take a massive herrp-a-derrp somewhere. Small exchanges are also a source of risk. The closing down of Tradehill is a good example... |
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A motion is created.
We are still not sure how it works exactly, but of course we will not vote with the rest un-sold shares ourselves.
After the results is known, if it's not broadcasted to our shareholders by GLBSE, we will publish it on this thread.
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In fact, when 2.0 was first launched, I found it pretty ugly and hard to use.
But it's updating very quickly, much more than I expected. There have been several times when I refreshed the page and found that it's updated. The new UI is now more comfortable to my eyes, and the tables for the asking and bidding side are much better than before. Thanks to Nefario for his hard work.
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As a stockholder I think it is a very bad idea to publicly announce what you are buying/selling - especially before you buy/sell it. I think it is a bad idea to even announce you might buy or sell something. Quietly buy stuff and then let everyone know you bought it (with color commentary, reasons, whatever) if appropriate. Quietly sell things and then announce you sold it (with commentary as appropriate).
I agree, as soon as you announce anything the price will go up or down depending on whether you're buying or selling. Probably do a weekly summary of your trades (heh, copy and paste from your GLBSE account) Thanks Nefario. Maybe the raw columns of data from GLBSE is not enough. I'm considering writing some scripts to extract information from them. |
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Will there be any rules to keep enough diversification for this fund? like no single investment asset will be more than 15% of the net asset value of the fund.
We are thinking about it. 15% is not an appropriate percentage at this moment though, given the limitation of our investment choices. |
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As a stockholder I think it is a very bad idea to publicly announce what you are buying/selling - especially before you buy/sell it. I think it is a bad idea to even announce you might buy or sell something. Quietly buy stuff and then let everyone know you bought it (with color commentary, reasons, whatever) if appropriate. Quietly sell things and then announce you sold it (with commentary as appropriate).
We agree. This will change after several weeks. We are now so small that we are negligible from other guys' eyes. So at this moment, we believe that the downside brought by some publicity of our thoughts is not that much. Of course, if we become a little bigger, or the GLBSE system for announcement to shareholders is done, we will stop releasing of our plans on forums. |
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I love you man, you save me so much time... Best part is, that you're not a theoretical financial advisor. You're offering both a product and a service... In fact we might not keep releasing the investment opportunity study part as often as weekly, after we become a relatively bigger player on GLBSE. Pretty easy to be taken advantage of in such a small market. |
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The financial disclosure of the first week is out: https://bitcointalk.org/index.php?topic=70592.msg822256#msg822256It is not that interesting though, since our IPO has just started and we haven't yet invested in any assets now. The only thing to mention is that we paid a very small number of dividends to clean up our initial funds (existed before the IPO, too tiny to withdraw) and test the GLBSE dividend payment system. |
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While investors are buying shares of muBit, we are gradually buying some of them as well.
Note that 100% of the shares are being selling to public. We do not reserve any of the shares. This is to say, the only cost of each share for the shareholder is the 5% fee. We ourselves hold some of the shares only via buying.
And also, as said in the OP, we promise that we will not hold more than 10%. Therefore we are guaranteed to be incapable of influencing the results of motions too much.
Usually it's a very positive signal for an asset manager put his own money into the fund he is managing. I think after the IPO, you can public the number of shares you hold to the public, since GLBSE is still not with this function. The fee structure of this fund is much better than other fund in the capital market, which charges 2% management fee per year and 20% of carried interest. The famous donation fund manager David F. Swensen hate such kind fee structure very much. muBit is starting a good and new practice for the asset management industry. I only hope that you will be more diligent towards the risks. Some investment opportunity looks have very high rate of return, but it's dangerous. Yes, we will make the portion of the shares we bought public after the IPO. We are and will be always careful about the investment we make. Even when there is some high risk investment opportunity that we ourselves are interested in and convinced, we will still open up a motion for all our shareholders to decide. |
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While investors are buying shares of muBit, we are gradually buying some of them as well.
Note that 100% of the shares are being selling to public. We do not reserve any of the shares. This is to say, the only cost of each share for the shareholder is the 5% fee. We ourselves hold some of the shares only via buying.
And also, as said in the OP, we promise that we will not hold more than 10%. Therefore we are guaranteed to be incapable of influencing the results of motions too much.
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Weekly financial disclosure
Time: 6:34 PM, Beijing time
Date: Mar. 28, 2012
Initial Funds Before IPO: 0.045 BTC
Shares Sold: 704
Gross Income: 70.400 BTC
GLBSE Trading Fee: 0.352 BTC
Net Income: 70.048 BTC
Total Funds: 70.048+0.045=70.093 BTC
Dividends Paid: 0.045 BTC
Spent Funds: 0.000 BTC
Usable Funds: 70.048 BTC
We haven't invested in any assets yet. The dividends comes from a very small number initial funds which is too tiny to withdraw and annoying for future accounting. We also use this payment to test the GLBSE2.0 dividends payment system.
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He is a donator to make you trust him
He borrows a lot of money from this forum.
He promised high rate of return. And lots of people get paid. you trust him more. he is popular now. like Mr. Ponzi trusted by New York people.
He suggest that he has high social value by using an avtar with a sexy woman lean to a man.
He runs tons of projects, which are profitable.
He is telling you that he knows lots of big big people.
He sometimes say that the interest is not guaranteed but since you're not idiot you must know it must be high though not guaranteed.
He lives in a very exotic country.
He is scamming your money.
be cautious.
The high interest rate is mainly caused by the pirate bank. And I believe that all major lenders in the "Lend" subforum have something to do with it. https://bitcointalk.org/index.php?topic=50822.0https://bitcointalk.org/index.php?topic=74051.0Pirate has run the bank for several months. He said he's doing something that's similar to money laundering to me. Frankly I couldn't tell if it's a scam or not, but one thing that's certain is that if this bank dies, all the secondary lenders will be screwed somehow. |
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Yeah, we are able to get rid of some of the fees. Nice to have friends in high places:/
The costs of the fees will clearly be calculated in part of the trade. We have done some projects using past data and we think this will be very worth while. This is why we have spent so much time and effort.
Thanks.
Thanks for your quick reply. This bot must have lots of efforts involved in. I'm sorry I still have some questions. I may even ask more questions in the future. At what kind of degree of financial disclosure will you provide? Will there be a website collecting data of daily trades and the cost? Thanks. That is a very good question. I understand that there needs to be accountability but also we don't want to give away all our secrets either. Honestly I don't know at this point. Edit: We will report the daily volume and the profit. We will not report each trade. Thanks for your answer. The daily volume and the profit without each trade is reasonable to me. Then, could we have a brief idea of your plan about the percentage of net gains kept for yourself and that paid to us as dividends? |
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Yeah, we are able to get rid of some of the fees. Nice to have friends in high places:/
The costs of the fees will clearly be calculated in part of the trade. We have done some projects using past data and we think this will be very worth while. This is why we have spent so much time and effort.
Thanks.
Thanks for your quick reply. This bot must have lots of efforts involved in. I'm sorry I still have some questions. I may even ask more questions in the future. At what kind of degree of financial disclosure will you provide? Will there be a website collecting data of daily trades and the cost? Thanks. |
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