Notice of fee change on GLBSE

[Nefario]

The current application fee to list an asset on GLBSE is 8BTC.

From this Friday the fee structure will be different.

We are reducing the application fee to 5BTC, and increasing the listing fee to 7BTC.

When creating a new asset 12BTC will be charged, if the application is not accepted 7BTC will be returned but the application fee will not.

[PPoweredP]

Is there a set of guidelines or requirements for having your application approved?

[lenny_]

Can we have reasons explained?

[LoweryCBS]

Can we have reasons explained?

I think this will answer your question:

...I'm going to issuing shares on the GLBSE...

Read that whole thread: It's golden!

[Nefario]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Not likely:
"Investment program" where the actual investment method is not being revealed, or something that is the same or very similar to well known scams.

Investment ideas where the business doesn't exist yet, and the issuer doesn't want to be verified.

Likely:
Well detailed business plan and contract
Fully verified
Existing revenue generating activity

These would be guidelines and the final decision would rest with us.

Opinions on the above is very much welcome.

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

[greyhawk]

Can we have reasons explained?

I think this will answer your question:

...I'm going to issuing shares on the GLBSE...

Read that whole thread: It's golden!

Do you have a link? I can't find that or I'm blind. Both are viable options.

[Nefario]

Can we have reasons explained?

I think this will answer your question:

...I'm going to issuing shares on the GLBSE...

Read that whole thread: It's golden!

Do you have a link? I can't find that or I'm blind. Both are viable options.

Here

[greyhawk]

Thanks.  


EDIT: Hahaha, oh boy.

[Bitcoin Oz]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Not likely:
"Investment program" where the actual investment method is not being revealed, or something that is the same or very similar to well known scams.

Investment ideas where the business doesn't exist yet, and the issuer doesn't want to be verified.

Likely:
Well detailed business plan and contract
Fully verified
Existing revenue generating activity

These would be guidelines and the final decision would rest with us.

Opinions on the above is very much welcome.

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

Hey, brothels are legal businesses in Australia and have great cashflow (way better than mining)  

[Nefario]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Not likely:
"Investment program" where the actual investment method is not being revealed, or something that is the same or very similar to well known scams.

Investment ideas where the business doesn't exist yet, and the issuer doesn't want to be verified.

Likely:
Well detailed business plan and contract
Fully verified
Existing revenue generating activity

These would be guidelines and the final decision would rest with us.

Opinions on the above is very much welcome.

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

Hey, brothels are legal businesses in Australia and have great cashflow (way better than mining)  

This may be true, and someday I hope to have a GLBSE branch around the corner from Kings Cross (Sydney) where they will allow people to sell shares of themselves if they so wish :p

[Bitcoin Oz]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Not likely:
"Investment program" where the actual investment method is not being revealed, or something that is the same or very similar to well known scams.

Investment ideas where the business doesn't exist yet, and the issuer doesn't want to be verified.

Likely:
Well detailed business plan and contract
Fully verified
Existing revenue generating activity

These would be guidelines and the final decision would rest with us.

Opinions on the above is very much welcome.

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

Hey, brothels are legal businesses in Australia and have great cashflow (way better than mining)  

This may be true, and someday I hope to have a GLBSE branch around the corner from Kings Cross (Sydney) where they will allow people to sell shares of themselves if they so wish :p

Thats what http://empireavenue.com is for (selling shares of yourself)

[OgNasty]

I'd like to see announcements like this made through the GLBSE mail feature as well as the forum.  I've never gotten mail through the GLBSE and it seems like that would be a logical place for these kinds of announcements.

[Nefario]

I'd like to see announcements like this made through the GLBSE mail feature as well as the forum.  I've never gotten mail through the GLBSE and it seems like that would be a logical place for these kinds of announcements.

Sure does, I'll see about that.

[bitcoinbear]

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

So if somebody comes to you with a horribly written contract, will you take their deposit and tell them to try again, or will you have them rework the contract and continue without paying a second deposit?

[unclescrooge]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Oh no 

[greyhawk]

We need to have some guide lines published, what I had in mind was putting into catagories on how likely your asset is to be approved.

Wont be approved:
drugs, weapons, prostitution related idea

Oh no 

My free market 

[unclescrooge]

By the way i'm kidding Nefario, thanks for this move

[Lethos]

Can't blame you for making this change. It's reasonable without making it unrealistic.
If it stops just a few junk assets from ending up there I'll see it as a good thing.

[Nefario]

We're making these changes because a lot of people have tried to create assets that we just can't approve, and most of the time it's just from terribly written contracts or schemes that don't really map onto a stock exchange.

So if somebody comes to you with a horribly written contract, will you take their deposit and tell them to try again, or will you have them rework the contract and continue without paying a second deposit?

Good question, to discourage people from submitting bad contracts, the application fee will cover a single application, so applicants had better get their stuff right if they don't want to waste funds.

I think somone has already offered to vet contracts on the forum.

[bitcoinbear]

Good question, to discourage people from submitting bad contracts, the application fee will cover a single application, so applicants had better get their stuff right if they don't want to waste funds.

I think somone has already offered to vet contracts on the forum.

I would be willing to look at people's contracts and rip them apart with brutal honesty. Maybe I could offer to look at a contract for 1 btc, refundable if the contract is not accepted by GLBSE?