[BitFunder] Graet.Loan - Paying 0.05% interest daily

[digit]

Graet, please let investors know your plan for the GPT.ESecBTC and GPT.YABMC assets. As you know, Ukyo has given US investors and nonverified investors until October 31 to sell their shares. Investors need, and deserve, to know what you will be doing with this asset so that, if necessary, they can sell their shares while they still can. Your silence on this basic question is causing you to lose credibility among investors. Who is going to want to invest in an asset that you manage in the future if you don't even answer a basic question like this?

Graet will we be having any answers about this?  We have been waiting for your answers since October :\

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[Djingis]

Hi there,

i was away some weeks, now i noticed that Bitfunder is shutting down!!

what will happen with my Graet.Loan shares

Greets
Djingis

[bittymitty]

Hi there,

i was away some weeks, now i noticed that Bitfunder is shutting down!!

what will happen with my Graet.Loan shares

Greets
Djingis

The dividends will get paid to bitfunder then disappear into weexchange for an unknown period of time

[bittymitty]

Why were there 3 dividend payments for 2013-11-16 and 2 for 2013-11-17?
It looks like we now have 3 dividends paid in advance.  Anyone know why?

There was a glitch on the site - didnt reload properly and when I came back to it I clicked the "pay" button again.




Until bitfunder closes and I get all of the information I cannot pay direct to peoples private addresses.

Looking at options to manage graet.loan after bitfunder closes

I have stated earlier in this thread that the goal was to have most of graet.loan repaid by mid 2014 this is still my goal - the changes at bitfunder hurt me too and i'm waiting to be repaid btc from several sources too - not a nice time.

I plan to stick around and honor my commitments
thanks for patience and understanding in these trying times
Graet

Dude all of the information is on the public asset list. There is no excuse to not pay directly unless you are working with Ukyo to withhold payments to bond holders.

[Djingis]

Hi there,

i was away some weeks, now i noticed that Bitfunder is shutting down!!

what will happen with my Graet.Loan shares

Greets
Djingis

The dividends will get paid to bitfunder then disappear into weexchange for an unknown period of time

Awesome.. then they stuck like my other BTCs

What about the shares and dividends, will they continue the payment to the public btc address ?

[Graet]

Still looking at options for management after BitFunder closes, self managed still looks best, paying to the addresses listed on BitFunder - though the ability to trade among investors would be restricted.
I have had a couple of other options suggested that I am looking into.

This is the list of redeem requests, I do not yet have investor information, most likely people with requests can see their amount for an idea of place in queue:
Position   BTC Requested   Cumulative total
1            12.87
2            133.57           146.44
3            40                 186.44
4            40                 226.44
5            58.70            285.14
6            20                 305.14
7            70                375.14
8            70                445.14
9            25                470.14
10        163.09         633.23
11        14.56           647.79
12        10.92           658.71
13         189.47          ?*
14           ?                ?
15           ?                ?
16        10.97          669.68
17          ?                ?
18              ?                ?
19         24             693.68
20         31.68        725.36
21         8.58          733.94
22         4.4            738.34
23         11.11        749.45
24         40             789.45
25         2.6            792.05
26         24             816.05
27         17.03        833.08
28         4              837.08



? represents a request made but no amount included
* will update running total when I have time

So almost 50% of graet.loan still in circulation has been requested to redeem, so unless an angel appears and takes over the redeem requests it will take some time to work through that list (though I will be doing my best) remembering the goal was to have most of the loan repaid by mid 2014.

Hope that answers some of the questions
Best wishes
Graeme

 Edited to update list


P.S. I am a customer of BitFunder not a staff member and am unable to help with BitFunder support requests.

[julz]

...so unless an angel appears and takes over the redeem requests...

Are you able to provide any further information about your BTC assets/earning capacity which might encourage such angels?
In particular - to what extent is your ability to repay the loan affected by further rises in the BTC exchange rate?

[Graet]

...so unless an angel appears and takes over the redeem requests...

Are you able to provide any further information about your BTC assets/earning capacity which might encourage such angels?
In particular - to what extent is your ability to repay the loan affected by further rises in the BTC exchange rate?

yes, but it would be confidential.
my btc businesses earn in Bitcoin, exchange rate does not influence this

[SteveB]

This is the list of redeem requests, I do not yet have investor information, most likely people with requests can see their amount for an idea of place in queue:
Position   BTC Requested   Cumulative total
1            12.87
2            133.57           146.44
3            40                 186.44
4            40                 226.44
5            58.70            285.14
6            ?                  ?
7            70                355.14
8            70                425.14
9            25                450.14
10        163.09         613.23
11        14.56           627.79
12        10.92           638.71
13           ?                 ?
14           ?                ?
15           ?                ?
16        10.97          649.68
17          ?                ?
18              ?                ?
19         24             673.68
20         31.68        705.36
21         8.58          713.94
22         4.4            718.34
23         11.11        729.45
24         40             769.45
25         2.6            772.05
26         24             796.05
27         17.03        813.08
28         4              817.08

I don't see my redeem request on your list for 20 btc.
I sent it to your email address (graet@ozco.in) on October 23 and again by PM on October 26.

I sold 1500 shares before bitfunder closed, but I have 500 shares left that I would still like to redeem.

[Evolyn]

Even if these news are bad news for someone this news are good news.

I like if ppl just tell whats going on. Less fud from trolls and no more reason to freak out. Lack of communication has become a big problem in alot of other projects.

Thanks for the nice update, Graet.

[Djingis]

Thanks for the nice update, Graet.

agreed!


Hi,

redeem?! means to sell my shares at the stock value ?
Thats what i would like to .. iam total confused cause Btifunder shut down

Greets
Djingis

[ru0chen]

Thanks for the nice update too, Graet. In this time, your frequency of communication is very important.
I have 18,947 shares and my publickey is 123bTje31Ljb4egbWnLjcBFxkme6A3db7R . I wish you can still pay the interest in future, and push my redeem in queue. I wish you can redeem it as soon as possible.

[Graet]

edited list for  SteveB and ru0chen

[thirdlight]

Redeem list with updated cumulative:

Code:

1	12.87	12.87
2	133.57	146.44
3	40	186.44
4	40	226.44
5	58.7	285.14
6	20	305.14
7	70	375.14
8	70	445.14
9	25	470.14
10	163.09	633.23
11	14.56	647.79
12	10.92	658.71
13	189.47	848.18
14	?	848.18
15	?	848.18
16	10.97	859.15
17	?	859.15
18	?	859.15
19	24	883.15
20	31	914.15
21	8.58	922.73
22	4.4	927.13
23	11.11	938.24
24	40	978.24
25	2.6	980.84
26	24	1004.84
27	17.03	1021.87
28	4	1025.87

Comparing with the public list, only 4 balances match redeem requests. If ru0chen (position 6) is typical,  this list shows balances at time of redeem request, but shares have subsequently been sold. ru0chen is listed as requesting 2000 shares redeemed, but only holds 500.

I sold 1500 shares before bitfunder closed, but I have 500 shares left that I would still like to redeem.

Also, some may no longer feel the need to redeem immediately, if they feel there is a credible forward plan.
Graet, your position may not be so extreme. Might be worth contacting your "investors" for an up to date sit rep.

Thanks,

[digit]

Graet what about GPT.ESecBTC and GPT.YABMC assets?   

In case you were not aware ESECURITYSABTC on BTC-TC has already been migrated to Crypto-trade nearly a month ago and dividends have already been paid for October. If you not planning to continue the pass through, could you transfer the shares to the individual holders who have accounts there?

[A Meteorite]

I, too, am not in this public list. I PM'd a request on October 9 to redeem 33 shares.

[Djingis]

Will Graet continue the dividends to public address or will he close the whole Great.Loan asset ? 

[lunarboy]

Fantastic to seem some information here at last.    Thanks Graet.

I for one will consider holding on if an acceptable forward plan is set in motion.

Dividends direct to our public addresses would be a start, and a great show of confidence, perhaps with a plan to list on an exchange in the future or at least some way we can trade if needs be.

Information is the key to confidence at the moment. I would imagine at least some of your list above would also not be in such a rush t cash out if a serious plan was put in place.

Again thanks for the update Graet.

[MikkisJ]

Comparing with the public list, only 4 balances match redeem requests. If ru0chen (position 6) is typical,  this list shows balances at time of redeem request, but shares have subsequently been sold. ru0chen is listed as requesting 2000 shares redeemed, but only holds 500.

I am on the list, and the requested amount is different from what I have now. I also sold some shares after the request, but not much. I still want to redeem all of the shares I own. The shares I sold were below face value, so the buyer hopes to gain a little bit extra in addition to the dividends.

I believe that there will be more redeem requests, especially if btc continues to go up in price.

I'm fine with direct shares, and I don't need dividends every day. Once per month would be totally OK for me. That way Graet won't have to send dividends to 100 or so addresses daily.

Trading can also be implemented with direct shares. Maybe with PMs between buyer and seller, then directly through Graet, in that case he can charge a fee (for example 0.5% or 1%). And yes, that would be totally OK, since BitFunder charged 1% too. So if you decide to make shares tradable, Graet, it is completely justified to charge a fee.

[thy]

Still looking at options for management after BitFunder closes, self managed still looks best, paying to the addresses listed on BitFunder - though the ability to trade among investors would be restricted.
I have had a couple of other options suggested that I am looking into.

This is the list of redeem requests, I do not yet have investor information, most likely people with requests can see their amount for an idea of place in queue:
Position   BTC Requested   Cumulative total
1            12.87
2            133.57           146.44
3            40                 186.44
4            40                 226.44
5            58.70            285.14
6            20                 305.14
7            70                375.14
8            70                445.14
9            25                470.14
10        163.09         633.23
11        14.56           647.79
12        10.92           658.71
13         189.47          ?*
14           ?                ?
15           ?                ?
16        10.97          669.68
17          ?                ?
18              ?                ?
19         24             693.68
20         31.68        725.36
21         8.58          733.94
22         4.4            738.34
23         11.11        749.45
24         40             789.45
25         2.6            792.05
26         24             816.05
27         17.03        833.08
28         4              837.08



? represents a request made but no amount included
* will update running total when I have time

So almost 50% of graet.loan still in circulation has been requested to redeem, so unless an angel appears and takes over the redeem requests it will take some time to work through that list (though I will be doing my best) remembering the goal was to have most of the loan repaid by mid 2014.

Hope that answers some of the questions
Best wishes
Graeme

 Edited to update list


P.S. I am a customer of BitFunder not a staff member and am unable to help with BitFunder support requests.

My redeem request is missing in the list to:
5450 shares 54.50 btc, forum timestamp for the PM i sent to you Graet here at bitcointalk October 12, 2013, 05:46:52 AM