[Closed] G.BBET Pass Through

[DeaDTerra]

Hi guys
Thought I would start a thread regarding my asset om BitFunder G.BBET (https://bitfunder.com/asset/G.BBET).
It's another pass through to MPEX same idea as for the S.DICE pass through but this time for S.BBET.


Do you want to invest in S.BBET without having to go through the trouble of setting up a account on MPex?
Or maybe you want to avoid paying a 30 BTC fee for account creation?
Then look no further! G.BBET is a perfect way to invest in S.BBET through BitFunder without the trouble and all of the gain

Contract:
Each share has the right to 95% of the dividends paid by S.BBET listed on MPex (http://mpex.co/?mpsic=S.BBET).
Each G.BBET is backed up by one share of S.BBET share.
The dividend will be paid within 48 hours of the payment from S.BBET. If this is not possible then the dividend will be paid out altogether with the next dividend.
The issuer has the right to issue more shares and buy back shares (at the value of 1 S.BBET share on MPex). The shares have no voting rights.
In case of MPEX shut down or hacking the issuer is not responsible for potential losses or damages cause to the underlying backing.

If you have any questions please do ask.
//DeaDTerra

[1714824335]

1714824335

[1714824335]

1714824335

[DeaDTerra]

I have currently setup a wall for 20k shares at 0.001975 BTC per share
//DeaDTerra

[DeaDTerra]

14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra

[DeaDTerra]

Hello!
I will be going away on holiday to Italy,
From Sunday the 24th to Sunday the 3rd.
My internet access will be limited and hence it might take a while for me to answer your pms,posts and emails.
Hence be patient with me,
the best way to contact me is through email at terragubben@gmail.com
I will not be updating the ask walls during this time and any dividend might be a bit delayed,
I have placed some final ask walls and I have balanced the books so that even if all of the asks sell all shares will be backed 1:1.
Best Regards
//DeaDTerra

[DeaDTerra]

Dividend has gone out
2013-03-04 16:05:22   28,300   ฿0.00000051   ฿0.01443300
//DeaDTerra

[Logik]

14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra

This is typo?

[Ukyo]

14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra

This is typo?

How so?

I see 8,618 shares left remaining on the asks for that price.

[Deprived]

14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra

This is typo?

How so?

I see 8,618 shares left remaining on the asks for that price.

Count the zeroes in the prices ...

[Ukyo]

14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra

This is typo?

How so?

I see 8,618 shares left remaining on the asks for that price.

Count the zeroes in the prices ...

Ahh yeah, I think one too many.

[JordanL]

Can anyone explain why the Bitfunder passthrough is trading way cheaper than the BTC-TC passthrough today? Just a great deal because of panic surrounding MPEX downtime, or is there something wrong with the BF passthrough, or platform?

[Peter Lambert]

Can anyone explain why the Bitfunder passthrough is trading way cheaper than the BTC-TC passthrough today? Just a great deal because of panic surrounding MPEX downtime, or is there something wrong with the BF passthrough, or platform?

Is an arbitrage opportunity?

[JordanL]

Can anyone explain why the Bitfunder passthrough is trading way cheaper than the BTC-TC passthrough today? Just a great deal because of panic surrounding MPEX downtime, or is there something wrong with the BF passthrough, or platform?

Is an arbitrage opportunity?

It certainly is, and I'm taking it. I was actually talking about the S.Dice passthrough, not the S.Bet, my mistake.

[DeaDTerra]

Dividend has been paid
You will be issueing (0.12149116 / 25502) = 0.00000476 per share. Final Total: 0.12138952.
//DeaDTerrra

[DeaDTerra]

A 6000 share wall placed at 0.00185
//DeaDTerra

[DeaDTerra]

Dividend has been paid out!
//DeaDTerra

[DeaDTerra]

Hi guys!
If you have conducted trades or used my PT,
Then please leave a rating with the new forum system or my OTC http://bitcoin-otc.com/viewratingdetail.php?nick=DeaDTerra
And I will return the favor
//DeaDTerra

[DeaDTerra]

Trading has been resumed
//DeaDTerra

[DeaDTerra]

I will be winding down all my other PTs, as I no longer can ensure regular payments or that I can set off time on a weekly basis.
My time and presence is required sporadically across several countries and time zones. I can hence not ensure that I can payout dividends or complete other tasks within a reason time period while upholding the security measures I would like to keep.
This is something I have been thinking about doing for sometime now, but this issue has made it clearer.
It is time for me to shut down my PTs and step down, there are now several other reliable and trust able PT operators which you can fall back on.
I will still be available if anyone wants my opinion or advice on things, I might also do additional fund raising in the future but more focused on a small group of bigger investors.

Thank you for trusting me with your money and time, I hope that even though the recent fuck ups you appreciate the service I have offered the community for some time now.
Within shortly all PTs will be bought back or the ownership will be transfer to another trusted community member.
Best Regards
//DeaDTerra

For G.BBET this means a forced buy back, as according to the contract I pay the current price on MPEX.
The final buyback can be seen below, I paid 0.00080603 which is the current ask price on MPEX:
You will be issueing (25.50174498 / 25502) = 0.00099999 per share. Final Total: 25.50174498.