My business is being carried out in a very special high yield loan industry. I have gathered an excellent profit in my pocket and I’m now planning an expansion of the business.
I have been observing and investing in bitcoin for a long time. And I think now I should combining two thing together: to help the bitcoin economy by sharing the profit, and to expand my business by raising fund from the community.
I'm going to issuing shares on the GLBSE later for the pass-through program. And now private bulk investors and questions are welcomed, PM, email(Capital.One.Corporation at gmail) or post.
The bulk investors(more than 500 bitcoins) will start to have interest as soon as they invest, and they will receive a 10% plus on their capital account after 30 days of their investment.
Accepting PreIPO orders: the preIPO price is 0.097BTC per share while the IPO price would be 0.1BTC. and it will start to receive interest after 3 days of the payment.
All the private investment can be transformed to be floated shares.
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what I'm offering. It's for the contract of the GLBSE shares, but it apply to the private bulk investors.
The daily interest will be fluctuating according to the business performance and the capital account balance.
The estimated average interest rate will be 1%. It will rarely less than 0.5% if the business is open in that day.
Usually the performance is quite better in the weekend.
This is a low risk pass-through bond. the bond will offer investors an opportunity to share the profit from the business I'm running.
Estimated daily interest rate is 0.2% to 1.2%. This bond will be paying dividend after 3 days of the IPO, and the interest rate of the inital 7 days will be 1.5%. the interest will be caculated based on the capital account balance.
Each bond will have its capital account. the balance of the capital account is the sum of
(1) the face value of the bond(0.1BTC)
(2) interest payable
(3) retained interest
(4) minus BSDs(big special dividend).
The capital account balance will 0.1BTC at the beginning. the balance of the capital account will be published in the bitcointalk.org forum. and the records of the capital account is here:
https://docs.google.com/spreadsheet/pub?key=0AqSbpgeCcm0XdGt3RHdiVDdVanA0d1N5amVnUjdhR1E&output=htmlIf the capital account balance is lower than the face value, the issuer has the rights to pay interest as low as 0.2% and retain rest of the interest in the capital account until the capital account balance equals the face value.
the interest will be paid on a daily basis.
The bonds can also be partially purchased back by paying BSD.
The issuer can buy back the bond at any time at a price of capital account balance plus 2 days' worth of interest.
Some of the days we have to stop running the business temporarily, and we can make no profit out of the raised capital and we only pay 0.1% interest rate per day. Usually this kind events last for 2 days and never exceed 4 days in the history.
This bond is a pass-through. I'm quite confident about the safety of the investment. However, there is still risk attached to the business. the profits are not guaranteed, the interest rate may be adjusted with a 5 days notice.
There is no exchange rate risk involved.
The bond is partially insured by the issuer. The risk will distributed between the issuer and the bond investors in such sequence, which means that the event of failure of the entity receiving pass-through investment, these bonds will be repurchased at discount of the capital account balance:
(1) The issuer take the first 20% of the loss occurred in the business; Which will decrease the risk of bond investors.
(2) the bond investor take the rest of the loss up to 80%.
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Notes: we are not related to the US company that is traded on the the New York Stock Exchange with a ticker COF.NYSE
