[BTC-TC and BF] MININGCO.ETF - Closed

[OgNasty]

Any Updates?

Any updates on the final payout?

The next update is going to be when ASICMINER pays out a dividend or when Carnth provides nonnakip with a signed statement to transfer the seats.

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[iCEBREAKER]

Any Updates?

Any updates on the final payout?

The next update is going to be when ASICMINER pays out a dividend or when Carnth provides nonnakip with a signed statement to transfer the seats.

Despite selling out AMHASH 1-3, AM may never pay out another (non-dust) dividend.  Has Carnth provided the signed transfer?

The alts on my whitelist are very inexpensive ATM, so I'm eager to fuel up the truck and put it in reverse (*beep-beep-beep-nom-nom-nom*).   

[Carnth]

Any Updates?

Any updates on the final payout?

Final payment will be made when all assets have been liquidated.

patience, guys

Unfortunately patience is needed at this time. I was really hoping to get this done before New Years.

Despite selling out AMHASH 1-3, AM may never pay out another (non-dust) dividend.  Has Carnth provided the signed transfer?

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

During that time, we have collected a few more "donations" from our Nasty Fans seats.
Today I sent a Signed message to have the Nasty Fans seats transferred. I expect Nasty Fans transfer to go very smoothly and quickly as nonnakip runs a tight ship at Nasty Fans. Payment for Nasty Fans seats will be sent to the public MiningCo address.

[iCEBREAKER]

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

I asked Friendcat to transfer my direct shares to a new (non-WeExchange) address many months ago.  Not a peep, nor a dividend.  I've written them off.    

I fear he may have 'gone Hollywood' with his new-found wealth/fame and is too busy for the people who risked their BTC to make AM a success.

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

[OgNasty]

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

I asked Friendcat to transfer my direct shares to a new (non-WeExchange) address many months ago.  Not a peep, nor a dividend.  I've written them off.    

I fear he may have 'gone Hollywood' with his new-found wealth/fame and is too busy for the people who risked their BTC to make AM a success.

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

I have sent a payment for the NastyFans seats to the 1mining address.  We are only waiting on AM now.

[Carnth]

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

I fear we may have to consider this option.
I want to get this done and over with, as I'm sure you all are. I want to payout everything in one final payment. Mostly because I want to close out MiningCo. Also because a second small payment would just end up as dust to many shareholders.

If we want to put a time limit-we can-but we also need to decide if we want to just chalk up AM as a loss at that time.
Even if we decide to have a second payout if AM ever gets transferred, we will need to set a date on that too.

I'm open to ideas and possible dates.

[OgNasty]

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

I fear we may have to consider this option.
I want to get this done and over with, as I'm sure you all are. I want to payout everything in one final payment. Mostly because I want to close out MiningCo. Also because a second small payment would just end up as dust to many shareholders.

If we want to put a time limit-we can-but we also need to decide if we want to just chalk up AM as a loss at that time.
Even if we decide to have a second payout if AM ever gets transferred, we will need to set a date on that too.

I'm open to ideas and possible dates.

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

[Surf Capital Management]

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

[OgNasty]

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC.  The question is how long everyone wants to wait for AM to acknowledge a share transfer.  I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush.  I have no problem waiting it out, it makes no difference to me.

[iCEBREAKER]

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC.  The question is how long everyone wants to wait for AM to acknowledge a share transfer.  I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush.  I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will.  Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

[Surf Capital Management]

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC.  The question is how long everyone wants to wait for AM to acknowledge a share transfer.  I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush.  I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will.  Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

In that case, OgNasty has my vote to do whatever it takes to speed this process up.

[iCEBREAKER]

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC.  The question is how long everyone wants to wait for AM to acknowledge a share transfer.  I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush.  I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will.  Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

In that case, OgNasty has my vote to do whatever it takes to speed this process up.

I second the motion for Og to do whatever it takes to speed this process up.

[iCEBREAKER]

Maybe this will halp!

XPOST:

Q: We choose to share both the risks and the profits to investors willing to take them.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks.  Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS  If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated.   

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

[Surf Capital Management]

OG Nasty, where you at?

[OgNasty]

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment.  I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer.  I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

[iCEBREAKER]

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment.  I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer.  I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

Friedcat is a scammer if he does not honor his promise to transfer shares upon request.

We risked our BTC to make him rich and famous.  And now he's too busy being successful to spend 5 minutes dealing with an early investor?

If Friedcat breaks his promise to confirm share transfers, I hope the Chinese Scam Police hunt him down and teach him a lesson.

[OgNasty]

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment.  I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer.  I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

Friedcat is a scammer if he does not honor his promise to transfer shares upon request.

We risked our BTC to make him rich and famous.  And now he's too busy being successful to spend 5 minutes dealing with an early investor?

If Friedcat breaks his promise to confirm share transfers, I hope the Chinese Scam Police hunt him down and teach him a lesson.

Seems a bit harsh...  I'm sure he just feels too busy to deal with such things.  He'll distribute more BTC eventually, hopefully.

[iCEBREAKER]

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

[Surf Capital Management]

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

Much appreciated.

[Mytche]

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

Much appreciated.

I will go for the offer as well.  Not sure if it is the case, but if you are the other 2 largest shareholders that would be a majority.