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Bitcoin Forum > Economy > Marketplace > Securities > looking to sell 20% of kings easy loans.

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Author Topic: looking to sell 20% of kings easy loans.  (Read 735 times)
KingofSwing (OP)
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July 07, 2016, 10:47:13 PM
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this stock will entittle you to 20% of all interest collected. If I sell collateral, you get 20% of anything past principle. I am asking .03 for 20% or .015 for 10%. I will use this to offer more loans as I am currently low on funds. I am already due to recieve .01 initerest which means you will get payouts soon. Post any questions or if you are interested
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GreenBits
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July 08, 2016, 01:46:15 PM
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I'm assuming you are the king, correct? So you are selling debt owed to you, just to check? I'm trying to be sure I understand your offering.
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July 08, 2016, 01:48:56 PM
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Quote from: GreenBits on July 08, 2016, 01:46:15 PM
I'm assuming you are the king, correct? So you are selling debt owed to you, just to check? I'm trying to be sure I understand your offering.
I am no longer selling this as I am becoming more popular
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July 08, 2016, 03:29:39 PM
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Quote from: KingofSwing on July 08, 2016, 01:48:56 PM
Quote from: GreenBits on July 08, 2016, 01:46:15 PM
I'm assuming you are the king, correct? So you are selling debt owed to you, just to check? I'm trying to be sure I understand your offering.
I am no longer selling this as I am becoming more popular

Probably a good idea. Bad consumer debt like you are taking on usually sells for about 3% of the principal amount. It looks like you have 0.064 BTC loaned out in principal which would make the value of your loan portfolio worth about 0.00192 BTC. Given that you probably do not have solid contract with an identified borrower it might be a stretch to value the portfolio that high. If you can get back 1/2 of the BTC you've loaned out at this point you will be beating the odds. Surely you won't find buyers to pay a premium for it.

(Source: http://strikedebt.org/caq-worthless/ )
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