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[DeaDTerra]

The problem is that keeping all the rigs running is taking way more time than expected. Also RMA stuff in Thailand takes forever as they need to send it to Singapore.

This was an awesome hobby 8 months ago but now my work load is too high.

Other downsides are high electric in Thailand and the hot Thai summer.


Thanks.

Indeed, How much is the hardware currently worth (a estimate) just to see how big the final dividend would be.
//DeaDTerra

[Sukrim]

From the contract:

Company value
The initial valuation of the company will be valued at $15,000.


Closing of the company
Once all assets are sold off for cash and the final dividend has been paid out the company “TyGrr Tech” will no longer exist.

I haven't checked if you revalued it recently, otherwise your final dividend would be:

183.7 BTC (bank) + 1666.66 BTC (15k USD / 9) = ~1850.4 BTC

If you want to really sell and only pay out the real price you get from buyers, I'd recommend share holders to sell for the "90% of USD value" option asap.

[The00Dustin]

For now, I vote against option 2, however, I wish we could've liquidated before the exchange rate climbed back up.  How long will it take to sell the hardware, and will dividends cease in the meantime?  Would you be better off putting up a bid wall than paying out dividends and closing the stock wothless (or having someone with an old bid get screwed by the first person to see the dividends paid out and fill the soder)?  Is the buyback functionality being used on bonds an option to avoid that?

[stochastic]

Why not have a motion?

[exahash]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

[The00Dustin]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

Bond-B has been discontinued, Bond-P is not guaranteed and might crash if he did that, and more importantly, both are like .1BTC per share where the floor for Tech was 3BTC per share until the IPO sold out.  The people who bought the last of the IPO shares probably have more than 2.5BTC invested if you subtract dividends from the 3BTC price tag.

[exahash]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

Bond-B has been discontinued, Bond-P is not guaranteed and might crash if he did that, and more importantly, both are like .1BTC per share where the floor for Tech was 3BTC per share until the IPO sold out.  The people who bought the last of the IPO shares probably have more than 2.5BTC invested if you subtract dividends from the 3BTC price tag.

I was on my phone and couldn't check the actual price of those shares (anyone else have issues with glbse on an iphone?), I just wanted to put another option out there in case I didn't make it to my office this afternoon.

My point was (still is) - I'd be willing to trade my tech shares for an equivalent value of bonds.

It sounds like this may not be the solution for everyone, but might help get Goat closer to where he wants to be without having to do a fire sale and/or come up with a ton of btc for a buyback.

[The00Dustin]

So...  Since you are liquidating, why don't you stop putting BTC in the bank and disburse what is there as a large dividend on the 14th (or sooner; the sooner the better as far as I'm concerned)?  The purpose of saving BTC is now moot, and it has been already 10 days since you announced liquidation with no one challenging it / complaining.

[cytokine]

Quick question for you Goat: since you're winding down your operations, how much do you think you'll be buying back each share for of TYGRR.TECH? Thanks!

[P4man]

Just saw this on IRC, I thought it might interest tygrr tech shareholders:

abracadabra: Chaang-Noi do you mine?
Chaang-Noi: no, sold everything off, gave the btc to pirate

[P4man]

So we know where the GPU's went.  I think your shareholders are more interested where all the  BTCs went that you saved "in the bank" and that you got for those cards.

[sadpandatech]

So we know where the GPU's went.  I think your shareholders are more interested where all the  BTCs went that you saved "in the bank" and that you got for those cards.

210 in the bank, 30ish this week so I will just pay out a large dividend of 240 BTC today.

I will need to send some funds to GLBSE so give me an hour or so.

Teek bought that big lot of cards so waiting for payment for that.

Once I get back to Thailand I will start listing the rigs on craigs list as high end gaming computers.

bolded the info you are requesting. this is from just a few posts up.

[P4man]

Two weeks seems like a long time to receive payment. And it wasnt me who claimed to have sold my mining equipment and gave the money to pirate, goat did. If that wasnt true, then I assume he was trolling?

Either way, if you get back your coins, so much the better, just reporting what I read. Make of it what you want.

[sadpandatech]

I had not realized how much time had gone by already.

Goat, do you know when Teek is going to pay you for the cards?

[md2k7]

How's your payment, has it come in yet?

[cytokine]

Hello here is an update on the GPUs.

In Thailand we have 3x 5850 2x 6770 and 2x 5770.

These cards are to be sold as part of gaming computers.

Being returned to us by Teek is and 5830, 5x 5850 and one 7970

What we have sold was 6x 5830's 8x 5850, 1x 5970,  2x 7970


So I need to send out dividends for the cards sold.

This brought us in $3110.

I will send this out tomorrow. Thanks.

Awesome, thanks Goat.

[OgNasty]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

[Monster Tent]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value 

[labestiol]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value  

Og has known as being a huge fan of mine, almost as much as scammer mathew and p4man. It is funny how he took two quotes that are almost a year apart.

But yes Monster Tent is right on. Now come on ASICs!  

You are amazingly good at evading questions by replying with ad hominem. Congrats ? 

[labestiol]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?