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Author Topic: [closed] Buy shares NOT  (Read 47130 times)
demonofelru
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June 14, 2011, 03:59:16 AM
 #241

Although I agree with most of what you said nefario and I understand all these questions can bring great stress, I have been one of the main complainers and I still feel although he seems quite trustworthy his attitude has been less then optimal.  My main concern and pretty much only one is his refusal to answer any questions of people that aren't shareholders.  Although I can see his point that he doesn't have all the time in the world it's hard for new interested parties to buy shares when there's no prospectus and no questions would be answered.  New shareholders would actually help him more then us at least in near term it would dilute existing shares.  It could help solidify long term though which is what I'm more interested in though.  I've said it before and I'll say it again I'm VERY glad he has been keeping us so up to date and has so far been very trustworthy.  I however do not think he deserves applause for not running with the money.  If I am closing at my job at a resteraunt and I we made $2,500 that night I should not be congratulated for not stealing $1,000 and saying we only made $1,500.  Be that as it may I know he certainly has the oppurtunity if he were a bad person.  

To Dishwara: If you would like I can volunteer to try to make this forum for prospective share holders I'll try to answer any questions they have and ones that need you I can maybe send a PM your way once a week to get those answers so you aren't overwhelmed.  I know I have been a bit aggressive and sorry for that I truly hope this company flourishes and I'm sure the extra capital could be put to good use by you if we did get more buyers let me know.

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kgo
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June 14, 2011, 04:36:52 AM
 #242

lol @ anyone who bought shares.

I already got some profit from those shares...

Thus, why the lol?

I think people don't realize these are dividends, and figure it'll take forever to 'repay' the initial investment at that rate.  They don't realize these dividends are independent of the stock price.  My last set of calculations showed it's actually a pretty decent APR so far.
As long as there are greater fools to sell the shares to, sure.

He's paid out a 5% return in less than 2 months, even without having a full rig setup.  Annualized that's 30%.  Even if you assume worst case about difficulty and his ability to get rigs setup to combat difficulty, the worst possible return rate for a year is 5% since he already paid this much.  Somewhere between 5% and 30% is way better than you can make on bank interest or investing in a CD anywhere in the US right now with the economy the way it is.
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June 14, 2011, 05:01:25 AM
 #243

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He's paid out a 5% return in less than 2 months, even without having a full rig setup.  Annualized that's 30%.  Even if you assume worst case about difficulty and his ability to get rigs setup to combat difficulty, the worst possible return rate for a year is 5% since he already paid this much.  Somewhere between 5% and 30% is way better than you can make on bank interest or investing in a CD anywhere in the US right now with the economy the way it is.

Actually the return is much better than you think. He's managing that return (between 5-30%) in a deflationary currency, as opposed to an inflationary one. Such a return in an deflationary environment isn't supposed to happend according to the deflationary spiral theory  Tongue, the earliest investors are the biggest winners with this, and should be as they had the biggest risk.

To demonofelru, the issue is that he's getting bashed for not answering SOME forum users or these users are not satisfied with his answers.

He's provided enough information for people to make decisions on whether to buy or not. He's not obliged to answer peoples incessant questions. He can if he wants but he's not required to, and to a large extent it wouldn't help if he did. CEO's of normal companies aren't at the beck and call of everyone on a forum, they've got real work to do.

His attitude is less than optimal? Whats optimal?

His goal has been to get as much btc profit for shareholder as possible, that's it (less his fee), he's put plenty of information out there and looked for SH feedback plenty of times. He's stating a fact when he says the company is his. What's wrong with the attitude? What more do you want?

Quote
I however do not think he deserves applause for not running with the money. If I am closing at my job at a resteraunt and I we made $2,500 that night I should not be congratulated for not stealing $1,000 and saying we only made $1,500.

The difference here is that if he runs with the money there will be no consequences beyond his reputation being ruined, whereas if he stole from the restaurant he'd be arrested and probably jailed.

I don't see there being a need for him to have a PR department, this is a simple business. Sell shares, use capital to buy equipment, use equipment to mine bitcoins, pay said bitcoins to shareholders. Repeat. All that matters is the numbers.

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demonofelru
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June 14, 2011, 05:29:46 AM
 #244

@Nefario About the attitude thing I am mainly talking about the other thread.  Here are a few quotes from it that I was talking about.


"If you think you don't have to post your user id & number of shares with forum username, i also have the right t ignore you,m even if you own my share."

and

"First prove me you are share holder of "DISHWARA".
If not, i don't have to answer any of your questions.
I have to answer my share holders, not to others."

Again totally understandable that he's getting a lot of questions and that can be stressing, but if I were someone looking to open a position in DISHWARA seeing that might change my mind it's hard to tell tone in internet posts and there's of course a bit of a language barrier, but I'm just afraid that might alienate potential future buyers.

About your second
"The difference here is that if he runs with the money there will be no consequences beyond his reputation being ruined, whereas if he stole from the restaurant he'd be arrested and probably jailed.

I don't see there being a need for him to have a PR department, this is a simple business. Sell shares, use capital to buy equipment, use equipment to mine bitcoins, pay said bitcoins to shareholders. Repeat. All that matters is the numbers."

I was referring to myself with the restaurant example I work as a night manager at my best friends restaurant.  I certainly could steal money from my friend and he would have no way of knowing my reputation wouldn't even be ruined.  That's not the point though I was strictly referring to the morals of it it's almost universally accepted that stealing is bad; not stealing from us whether there would be a consequence or not does not deserve congratulations.  Of course it's great he's a trustworthy but it's not something he deserves to get pat on the back either IMO.  He DOES however IMO deserve credit for taking the time to answer questions, and he even posts updates whether asked or not which is great.  Also you are right the return ain't half bad so far.  To your last part of course he shouldn't hire someone as PR but I don't think he has to as I said I'd be more then happy to try to answer peoples questions who aren't yet share holders to the best of my abilities and as I said maybe work something out where ones I can't are relayed to him in a non constant basis (I suggested weekly).

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Nefario
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June 14, 2011, 05:45:07 AM
 #245

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

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demonofelru
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June 14, 2011, 05:50:58 AM
 #246

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

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speeder
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June 14, 2011, 12:49:12 PM
 #247

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

How people afraid to buy would be a problem? The IPO is even over right now...

There are no new shares to be sold, only old shares.

Thus, new shareholders, will only buy stuff from old shareholders, thus changing share prices.

DISHWARA did not proposed to increase share value (there are even a whole thread about how deflactionary currency probably cause share price to decrease), he proposed to pay dividends, and so far he is doing it.

More shareholders mean only more people getting dividends, it does not mean more profit. (specially now, that he does not really need more money, as the parts arrived and is matter of setting up the rig properly).

demonofelru
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June 14, 2011, 04:46:05 PM
 #248

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

How people afraid to buy would be a problem? The IPO is even over right now...

There are no new shares to be sold, only old shares.

Thus, new shareholders, will only buy stuff from old shareholders, thus changing share prices.

DISHWARA did not proposed to increase share value (there are even a whole thread about how deflactionary currency probably cause share price to decrease), he proposed to pay dividends, and so far he is doing it.

More shareholders mean only more people getting dividends, it does not mean more profit. (specially now, that he does not really need more money, as the parts arrived and is matter of setting up the rig properly).

You're wrong, he just suspended the sale of shares temporarily last I heard.

"Until i able to run my 1st rig with 8 cards, i stopped selling my shares.
Once i complete the rig & give profit & also able to maintain spread sheet with all the details, it will be good, if don't sell shares & cheat new SH."

That's very noble of him he doesn't want to sell shares until he gets his rig up and running. 

But either way it would be even worse if there were only shares to be traded from now on.  That would make not answering prospective buyers questions even worse for existing share holders since it might make the stock less attractive, and therefore bring the price of shares down.

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speeder
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June 14, 2011, 04:56:44 PM
 #249

Read my post again, I ALREADY attended to that share value concern.

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June 14, 2011, 05:19:14 PM
 #250


Firstly with regard to the IPO, a founder (the person who starts a company) can issue themselves shares in an IPO, usually they have a large majority(think Facebook founder Mark Zuckerberg). It's also known as sweat equity and is the norm. The company founder is not required to buy their allocation of shares when a company is made public (what a silly notion).

Lol, you cannot be serious Tongue That is not silly at all.

Facebook is a company, there are employees, a system, a lot of users a lot of money and a lot of business. So when they have an IPO you are actually buying something,  Facebook. Therefore the current owners (Zuckerberg among others) depart from some of their shares and hold on to the others. (I have to say though that Facebook at 100B$ is way WAY WAY overvalued)

In the case of Dishwara there is no company to start with, just one guy. If this guy invests nothing in his company he does not deserve a single share without buying it directly. And don't say he is working for it because he is getting a wage (10-20%).


To conclude: It is your sock exchange, so thank you for pointing out your attitude so can refrain from putting time into researching the companies cause these are totally unacceptable terms and if this is your view I'll take my business elsewhere. A shame cause I really liked the concept Sad

demonofelru
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June 14, 2011, 05:23:06 PM
 #251

Read my post again, I ALREADY attended to that share value concern.

I read your post just fine, I know this is mainly for income not share appreciation.  Be that as it may if I feel there is a way to have both or at least not have as much potential share depreciation I'm going to speak up like I did.  Example if someone hold shares in altria (MO) a common income stock they know dividends is probably were most of there gains are going to come from.  However if shareholders feel management is neglecting to take advantage of a catalyst for price appreciation you'd better believe they will voice that concern.

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dishwara
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June 14, 2011, 05:23:55 PM
 #252

Here is the link which shows about DISHWARA shares in bitcoin charts.

http://charts.glbse.com/markets/DISHWARA.html

Thanks Nefario for the link.
demonofelru
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June 14, 2011, 05:26:08 PM
 #253

Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

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Nefario
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June 14, 2011, 05:58:09 PM
 #254

Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

It didn't, I paid to have bitcoincharts just for glbse.com, enjoy.

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dishwara
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June 14, 2011, 06:24:35 PM
 #255

1st dividend on 30 may 2011
Total dividend given 14.32 bitcoins.
100% given to share holders as dividends.
0% - for me
0% - To safe
1 BTC = 7-8 USD

2nd dividend on 13 june 2011
Total dividend given 24 bitcoins.
20% - 4.8 coins as profit for me.
80% - 19.2 coins to share holders as dividends, total shares are 726 & each share got 0.02644 bitcoins.
0%  - To safe, future expansion, electricity bills, internet charges.
1 BTC = ~20 USD

Also updated in first page.
http://forum.bitcoin.org/index.php?topic=5750.msg104953#msg104953
speeder
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June 14, 2011, 07:35:12 PM
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Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

It didn't, I paid to have bitcoincharts just for glbse.com, enjoy.

Heh, I asked tcacm to do that, and he replied saying he would ask you to license from him.

Nice that you actually did it Cheesy

I only do not understood wazzup with the depth charts and table... They look totally borked

kgo
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June 14, 2011, 09:37:35 PM
 #257


Firstly with regard to the IPO, a founder (the person who starts a company) can issue themselves shares in an IPO, usually they have a large majority(think Facebook founder Mark Zuckerberg). It's also known as sweat equity and is the norm. The company founder is not required to buy their allocation of shares when a company is made public (what a silly notion).

Lol, you cannot be serious Tongue That is not silly at all.

Facebook is a company, there are employees, a system, a lot of users a lot of money and a lot of business. So when they have an IPO you are actually buying something,  Facebook. Therefore the current owners (Zuckerberg among others) depart from some of their shares and hold on to the others. (I have to say though that Facebook at 100B$ is way WAY WAY overvalued)

In the case of Dishwara there is no company to start with, just one guy. If this guy invests nothing in his company he does not deserve a single share without buying it directly. And don't say he is working for it because he is getting a wage (10-20%).


To conclude: It is your sock exchange, so thank you for pointing out your attitude so can refrain from putting time into researching the companies cause these are totally unacceptable terms and if this is your view I'll take my business elsewhere. A shame cause I really liked the concept Sad

The initial funding for facebook was a $500,000 round of seed money.  At that time Zuckerberg didn't have much more than an idea and possibly a prototype.  But that was still enough to get money and maintain control of his company.  Seed/angel funding probably more comparable to the current GLBSE IPO's than a 'real' IPO.  Pretty much any internet billionaire started off with a good idea, a business plan, and not much capital of their own.  Then they rolled up their sleeves and busted their asses, backed by money-men.  This goes back to the days of Apple.  And it's not just dot.com companies, entrepreneurs and investors have worked like this forever.  The concept a company founder receiving a large reward if the company succeeds is completely uncontroversial.
dishwara
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June 15, 2011, 05:22:29 AM
 #258

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.


EDIT:
I was very rude in this post. I am sorry.
demonofelru
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June 15, 2011, 06:26:43 AM
 #259

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.

Sorry to hear man did the email list an IP address?  Sometimes they list the address used to reset password for more security?

Names do not matter; however, if you insist...id...
dishwara
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June 15, 2011, 10:15:26 AM
 #260

No, the mail from yahoo didn't have ip address.

Also, If some one wants to buy shares, instead of dos mode client, please use web client.
I know it gives you headache to decrypt, but once u decrypt its very very very easy to use.

Some asked me by PM to buy shares.
For now i stopped selling shares as i have to first satisfy my present share holders.
Then only i can think about future share holders.
Also, one share holder is not satisfied with DISHWARA & he is selling around 50 shares at 0.99900000 btc per share.
Those who want to buy shares, better buy his shares, as it will also help him to sell & have bitcoins & you can also buy for less (0.0001 bitcoin per share).
More than 30 sold, & when i last see their was 19 shares with ask rate 0.99900000.
I also see ask rate of 1.0 btc for 1 share & 1.5 btc for 1 share, 2.0 btc for 15 share, 2.1 btc for 2 share

& a very interesting ask 2000000.0000000 BTC   for just 1 share.
I don't know when will DISHWARA price will reach that high.

6.0283 coins mined & in bitcoin client.
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