VinceSamios
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August 17, 2013, 03:14:45 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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August 17, 2013, 03:20:47 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
Yeah, he's going to slowly add them for now on. He said he'd remove them on Saturday, so I bought some up last night. As I am typing this, I have some BTC in transit right now to buy some more. Guess I was a little too late. Thought it wasn't suppose to happen until tonight. Oh well...
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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grnbrg
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August 17, 2013, 03:25:39 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
From Lab_Rat's post last week: (...) Next Saturday when dividends are paid out, I will not be re-listing the remaining bonds. It has occurred to me that some individuals may choose to purchase a large quantity of bonds once dividends have begun being paid, therefore diluting the existing bondholders dividends. As the hashrate of LRM is rising this could become a reality. To prevent this from happening while still allowing for growth of the company, I will be selling small quantities of bonds at market price until the remaining bonds (out of the 100,000) are sold. This will allow LRM to market regulate. It is important to raise capital and expand without harming those who made their investments early.
The reason I have chosen next Saturday is that it is 1 full month from the day the bonds were listed, and there should be a significant amount of hashrate coming online in the next couple weeks for LRM.
(...) As an aside, fully 1/3rd of the bonds have been sold in the initial month. Not bad. grnbrg.
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Lab_Rat (OP)
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August 17, 2013, 03:26:29 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
Last week I did the same thing when paying dividends. It was to avoid paying myself out of the dividends. This week I stated I was not going to be putting them back up. I placed 1000 bonds at 0.16 for those lucky individuals who can get their hands on them. I will be selling small chunks of bonds at market or tier price, whichever is higher, from here on out until the original 100k are sold.
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VinceSamios
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August 17, 2013, 03:30:20 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
Last week I did the same thing when paying dividends. It was to avoid paying myself out of the dividends. This week I stated I was not going to be putting them back up. I placed 1000 bonds at 0.16 for those lucky individuals who can get their hands on them. I will be selling small chunks of bonds at market or tier price, whichever is higher, from here on out until the original 100k are sold. Yeah I found your previous post, I should have been paying more attention - to be fair you gave a nice solid 7 day warning. As a shareholder (snapped up some of those .16's you just put back up) - I would respectfully request you only offer additional shares in small chunks (1000) at about 10% above market to make sure you don't dampen free market forces :-)
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mmmerlin
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August 17, 2013, 03:33:56 PM |
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WTH happened to the 68,000 odd shares for sale at the .16, .17, .18, .19 and .20 price points? They have simply vanished?
Last week I did the same thing when paying dividends. It was to avoid paying myself out of the dividends. This week I stated I was not going to be putting them back up. I placed 1000 bonds at 0.16 for those lucky individuals who can get their hands on them. I will be selling small chunks of bonds at market or tier price, whichever is higher, from here on out until the original 100k are sold. Yeah I found your previous post, I should have been paying more attention - to be fair you gave a nice solid 7 day warning. As a shareholder (snapped up some of those .16's you just put back up) - I would respectfully request you only offer additional shares in small chunks (1000) at about 10% above market to make sure you don't dampen free market forces :-) I believe that is the plan, more or less. Nobody wants to dampen market forces, it's in nobody's interest, so I imagine that a little time will be left to elapse once the end of this block is sold to see what price is established, and then bonds will slowly start being relisted at, or just above, the established market price.
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VinceSamios
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August 17, 2013, 03:38:53 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
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Lab_Rat (OP)
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August 17, 2013, 03:47:23 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
This amount changes sometimes hourly. I can't give a true estimate, but there is a likely minimum to be found here: http://www.labratmining.com/currentHashrate.html that I try to keep as updated as possible.
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VinceSamios
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August 17, 2013, 03:52:15 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
This amount changes sometimes hourly. I can't give a true estimate, but there is a likely minimum to be found here: http://www.labratmining.com/currentHashrate.html that I try to keep as updated as possible. Thank you - one follow up question - it says "The current estimate for the company's total hash-rate once all hardware is secured is 13.2TH." - is this hardware purchases currently in process, or does it include an estimate based on the sale of the full 100,000 bonds?
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tom.hashemi
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August 17, 2013, 04:00:48 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
Nicely sub 500 now*. Looking forward to seeing how the market reacts EDIT: * at .16, that is
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Lab_Rat (OP)
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August 17, 2013, 04:04:59 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
This amount changes sometimes hourly. I can't give a true estimate, but there is a likely minimum to be found here: http://www.labratmining.com/currentHashrate.html that I try to keep as updated as possible. Thank you - one follow up question - it says "The current estimate for the company's total hash-rate once all hardware is secured is 13.2TH." - is this hardware purchases currently in process, or does it include an estimate based on the sale of the full 100,000 bonds? I updated that to state based on current bond sales before I saw this post, but it must have been after you looked. I'm expecting well over 50TH in the event of 100k bonds selling.
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mmmerlin
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August 17, 2013, 05:15:14 PM |
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Well, only 503 shares left at the .16
Finally some potentially exciting price movements.
LabRat - would it be possible to let us know how many GH are on order based on the IPO funds raised? I think it could do great things for LRM and allow you to put a few more shares on at (hopefully) inflated prices, enabling the purchase of further gear.
This amount changes sometimes hourly. I can't give a true estimate, but there is a likely minimum to be found here: http://www.labratmining.com/currentHashrate.html that I try to keep as updated as possible. Thank you - one follow up question - it says "The current estimate for the company's total hash-rate once all hardware is secured is 13.2TH." - is this hardware purchases currently in process, or does it include an estimate based on the sale of the full 100,000 bonds? I updated that to state based on current bond sales before I saw this post, but it must have been after you looked. I'm expecting well over 50TH in the event of 100k bonds selling. Also, this has been asked and answered many time before (on this thread even). I wonder how many more times are still to come...
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mmmerlin
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August 17, 2013, 05:17:37 PM |
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Wow, talk about supply and demand! That's gotta be the quickest 750 shares sold since the opening hours now that you've pulled the rest! < 250 left
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tom.hashemi
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August 17, 2013, 05:23:45 PM |
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Lab Rat, can we get some idea of how you are going to approach selling the remaining bonds? I.e. something along the lines of what Vince suggested earlier in this thread - market rate +10%?
Thanks!
(Excel is telling me that with the increased hash rate and anticipating 1,000 new bonds sold per day (which I'd be surprised at... but conservative estimates and that all that jazz) we can expect about a 0.00087 per bond dividend next week. If we get really lucky it might even top 0.001!)
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VinceSamios
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August 17, 2013, 06:30:55 PM |
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Only 30 left at .16 - thats only 4.8btc - I think we can safely predict a little price rise in the next few hours.
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VinceSamios
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August 17, 2013, 06:34:07 PM |
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Only 30 left at .16 - thats only 4.8btc - I think we can safely predict a little price rise in the next few hours.
And they're gone.... buckle up soldiers.
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grnbrg
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August 17, 2013, 06:34:45 PM |
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Only 30 left at .16 - thats only 4.8btc
All gone! grnbrg.
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VinceSamios
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August 17, 2013, 06:49:26 PM |
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The price has immediately risen to .174 - as expected really... will it ever stop? yo? I don't know, so turn off the lights, and let's go.
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BKM
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August 17, 2013, 06:54:14 PM |
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Ehhhhcellent!
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tom.hashemi
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August 17, 2013, 06:55:24 PM |
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The price has immediately risen to .174 - as expected really... will it ever stop? yo? I don't know, so turn off the lights, and let's go.
An Aussie rapping innately sounds like a bad idea.
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