[was on GLBSE] LIF.x

[vuce]

What about the mining contract? Did you managed to resell it?

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

[vuce]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

oh, I know, I'm a socktrader by profession.
I just don't want mining, I run a mining rig myself, so I got that covered.
I wanted to see if anyone could actually pretend they were pulling profit out of non-mining businesses. they aren't.

Well, one is, I guess: BitCoinTorrentz.
So maybe I'll just go there.

[vuce]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

did you try bmmo? Look at the charts Teek does awesome work, regularly pays dividends, and from my calculations this stock is still undervalued (when comparing P/D of some other glbse stocks). You should also note that the price is not everything, dividends are of equal if not greater importance.

oh, I know, I'm a socktrader by profession.
I just don't want mining, I run a mining rig myself, so I got that covered.
I wanted to see if anyone could actually pretend they were pulling profit out of non-mining businesses. they aren't.

Well, one is, I guess: BitCoinTorrentz.
So maybe I'll just go there.

Agreed. I sincerely hope this is going to change though.

[2weiX]

fucking shit.
NOT A SINGLE ONE of my investents on GLBSE is in the green.
I've bought (very minor) amounts of just about anything, just to play around and get a feel.

I have a feel - this fucking shit fucking sucks goat ass, unwashed.

hmm, my ass is rather clean thanks. also in dollar terms my stock is over double... i highly doubt you lust much of anything on TyGrr Tech esp if you count the dividends.

i grant you that the BTC/USD has played favorably for those whose stocks haven't halved.
i also didn't want to attack you personally, i did point out that i wasn't into mining, so I didnt invest in mining, which is what I think you're doing, so you're exempt :-D

[brendio]

This may explain the selling of large volumes of BIB.goat. I thought it was goat himself needing money.

I've taken a large hiding on LIF.CX. Are you really telling us you've managed to lose 95% of our capital with your strategy?!?  The bitcoin price has roughly doubled. If the entire capital were in USD, this would result in a loss of only  50%. I suspect leverage was at play. Nice work if you can get it, betting with other people's money (OPM). If it works, you take 5% of the profits; if you crash and burn it doesn't matter because its OPM, so you lose nothing.

[Ben Walsh (beamer)]

Agreed.

More explanation is necessary. This is extremely disappointing.

It is also unclear whether the current bids for the LIF.A and LIF.CX assets are Peter's.

I would like clarification on that from Peter.

For personal reasons, I have decided to get out of the bitcoin business. I have put up orders to buy back the outstanding shares of the LIF assets.

Unfortunately, my trading strategy seems to have been flawed, we lost a bunch of money.

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

Peter, if you don't give us more explanation than this, isn't it you who turned out to be the scam?

[teek]

I've taken a large hiding on LIF.CX. Are you really telling us you've managed to lose 95% of our capital with your strategy?!?  The bitcoin price has roughly doubled. If the entire capital were in USD, this would result in a loss of only  50%. I suspect leverage was at play. Nice work if you can get it, betting with other people's money (OPM). If it works, you take 5% of the profits; if you crash and burn it doesn't matter because its OPM, so you lose nothing.

This.  What the hell.  The guy is supposed to be the most trusted guy in the GLBSE community.  I looked at LIF.CX as a mid-term hedge in a way, and it was Peter's reputation and the sheer volume of OPM that made that possible.  Unfortunately the trust he gained in the community was unfounded, at this point he should be wearing the freakin scammer tag, he isn't even trying to communicate.   The LIF.CX makes me mad more than the others too, because it was the TOP stock and the first one to do massive volume, and it was paying a dividend until just a couple weeks ago, implying that the holdings were at 100 + % at that point.  As well, all of his financials are gone, and he never released the ones for December.

The other thing, he went and deleted all of his posts on this forum, he was a hero member, now he has 70 posts.  Deleted all traces of his websites, this is really feeling like a calculated scam.  In the unfortunate event that he really did lose a bunch of shit, or was in a position where he was holding a bunch of stocks he thought he were worthless, why did he not just come to the community and say look guys, this is the position we are in, and why, with some actual data.  Instead of "duhhhhh, sorry guys, i lost all your money, i'm gonna go now...derrr herp a derp".

  I do have to admit, the writing was on the wall, I had noticed signs of something up for a few weeks at least, but ya know I am a busy guy, I understand how life gets.  I figured the guy had a new baby, wife's probably nagging him a little more, shit just getting to him, fine.  Give him a chance, give him the benefit of the doubt, he's not going to pull a runner, just a little busy.  I even accumulated a little more at what I thought was a good value.   BULLSHIT.

[DeaDTerra]

I was not the one selling the BIB.goat (I am doing very well on BTC and cash right now) and I did see it. I was at first going to buy but some of the few other good stocks were trading at shockingly low values and sent my cash there. I am very happy with what I picked up. At first I was shocked to see TyGrr Tech so low but a buddy tipped me off as to what was going on.

About this guy being the most trusted... I was going to make a rating agency for GLBSE and was questioning him about his operation and who he was. Things did not add up right and I stayed far away. I never did the agency because conflict of interest and because I was too busy. If I get time I will set one up but I do not even have TyGrr.com set up yet... I have been very involved in bitcoin projects.

Why was this guy so trusted? Did he send out his personal info like I did? Anyone know this guy?

he was one of the very first to setup on GLBSE, he had several good companies that ran well very regular dividends. He also had a nice website for it and all the statistics and economics report could be found. But recently is has not been updated and the dividends were being payed out in regular. Hmm should have seen the pattern ... ohh well

[teek]

I was not the one selling the BIB.goat (I am doing very well on BTC and cash right now) and I did see it. I was at first going to buy but some of the few other good stocks were trading at shockingly low values and sent my cash there. I am very happy with what I picked up. At first I was shocked to see TyGrr Tech so low but a buddy tipped me off as to what was going on.

About this guy being the most trusted... I was going to make a rating agency for GLBSE and was questioning him about his operation and who he was. Things did not add up right and I stayed far away. I never did the agency because conflict of interest and because I was too busy. If I get time I will set one up but I do not even have TyGrr.com set up yet... I have been very involved in bitcoin projects.

Why was this guy so trusted? Did he send out his personal info like I did? Anyone know this guy?

@Goat - The BIB.goat is not yours?  I thought it was a joint bond between you and a partner or something?  


Why was he most trusted?  I am ashamed to say I don't even really know.  That is my own fault for not doing proper DD.  People seemed to trust him, I believe in the idea of the GLBSE, he seemed to be the rock in the community, it wasn't crazy amounts of money I was investing, that was good enough for me.  I am pretty sure even Nefario gave him the nod a few times in posts.

@Goat can you comment on the things did not add up right while questioning him please?  

[chmod755]

I have been selling off the GLBSE assets held by the fund, but it appears many of the buy offers were not real, and I was only able to recover a small amount for the assets held. Many of the GLBSE assets turned out to be scams.

This sucks, I think GLBSE should only add verified businesses with real names, addresses, phone numbers,  etc. but errr....you knew that there's no verification on new assets so why didn't YOU check, if they are legit?

[brendio]

I invested, i saw he kept releasing shares (which i didnt vote for and didnt like) I sold my shares with almost no loss, bought at 0.50 sold at 0.49 or 0.48 etc..

That dilution annoyed me a bit. I bought near the end the of the initial IPO, as there was a lot of demand, and if he hadn't issued more, the share price would have risen and he could have issued at a higher price. I should have bailed then instead of holding on.

[teflone]

I have a dirty feeling the more I read..

[sadpandatech]

*sighs*

[Stardust]

Peter Lambert
1703 Park Ave,
Lansing,
Michigan, 48910
+1 (517) 505-0884
petermlambert@gmail.com

Perhaps we should pay him a visit to ensure he does not run away with honest investors' money.

[teflone]

Im a couple hours from there....   

This is sounding shameful, the lack of thought or care put into "getting out of the bitcoin biz"

[Ben Walsh (beamer)]

I don't understand how the LIF.CX fund can go from paying a reasonable dividend one week, and then the following week have lost 90+% of it's value - assuming the current bid orders are Peter's.

@Peter - I would really like an explanation on that.

@Peter - Could you please confirm which of the LIF, LIF.A, LIF.B and LIF.CX bids are yours ?

[OgNasty]

I don't understand how the LIF.CX fund can go from paying a reasonable dividend one week, and then the following week have lost 90+% of it's value - assuming the current bid orders are Peter's.

Perhaps LIF.CX was Peter's Bitcoinica account and he got Zhoutonged.

[Peter Lambert]

OK, look, I am sorry we lost money. I am trying what I can to get some more bitcoins to buy back the shares. (Shakaru owes me some bitcoin, but I really dont know if he is ever going to pay that back, he had some difficulties the past few months).

If you are not satisfied with the price I offered to buy back shares, then put up a sell offer and if I get some bitcoins I will try to buy them back, I can't guarantee how long that will take.

At least I did not just announce that it was all a scam and run away with the hundreds of bitcoins that were left.