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Author Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]  (Read 284602 times)
Garr255
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December 07, 2012, 09:40:04 PM
 #561

I have not yet received an email. How should I proceed?
https://bitcointalk.org/index.php?topic=67547.msg1385105#msg1385105
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Be sure to check your spam folder! If you didn't receive an email and you are a shareholder, please contact me at claims@cognitivemining.com and include your email and bitcoin address you gave to the GLBSE claims form, and the number of shares you own.

Yes, thank you Newar.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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Garr255
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December 08, 2012, 04:32:23 AM
 #562

Hey everyone,

I've realized that it may not be fair to everyone involved to pay out the dividend on such short notice. The coins are in the BTC-TC account and ready to go, but I think it would be in the best interest of the company to advertise the mega-dividend, and pay it the next Saturday, December 15th. This would allow time for people to create BTC-TC accounts and buy the Cognitive shares that will go toward Avalon ASICS, and will probably create some bid-side liquidity.

If there aren't any objections, I will wait the extra week. Keep in mind most shareholders probably haven't seen that we've moved to a new exchange yet, so I think this is the fairest option.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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December 08, 2012, 07:16:16 AM
 #563


If there aren't any objections, I will wait the extra week. Keep in mind most shareholders probably haven't seen that we've moved to a new exchange yet, so I think this is the fairest option.

Yes, I think it would be best to wait the extra week for everyone to get things in order.

Heading to BTC-TC right now for the first time.

Don't tread on bees! http://beesbros.com
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December 08, 2012, 07:26:25 AM
 #564

Dividends will go out tomorrow! It will be around BTC185 Smiley

The 185 will be distributed to all shareholders or only on BTC-TC?

Introducing constraints to the economy only serves to limit what can be economical.
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December 08, 2012, 07:39:57 AM
 #565

The 185 will be distributed to all shareholders or only on BTC-TC?

It will be distributed to all shareholders via BTC-TC. The shares not yet accounted for are in a holding account on site, and will accumulate dividends until the shares are claimed, then the wealth will be distributed accordingly.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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December 08, 2012, 07:42:04 AM
 #566

The 185 will be distributed to all shareholders or only on BTC-TC?

It will be distributed to all shareholders via BTC-TC. The shares not yet accounted for are in a holding account on site, and will accumulate dividends until the shares are claimed, then the wealth will be distributed accordingly.

Sounds like an accounting pain in the ass.  Good luck.

Introducing constraints to the economy only serves to limit what can be economical.
Garr255
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December 08, 2012, 07:47:21 AM
 #567

The 185 will be distributed to all shareholders or only on BTC-TC?

It will be distributed to all shareholders via BTC-TC. The shares not yet accounted for are in a holding account on site, and will accumulate dividends until the shares are claimed, then the wealth will be distributed accordingly.

Sounds like an accounting pain in the ass.  Good luck.

It's really not that bad, and it's much better than not using an exchange at all. But thanks Smiley

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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Garr255
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December 08, 2012, 08:14:17 PM
 #568

Just did the math... the next dividend (December 15th) will total over BTC190, which is over 0.0182341650671785 per share!

IMO, it's a great time to pick up some Cognitive Smiley

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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December 08, 2012, 08:29:01 PM
 #569

Is there any way Cognitive could set up a Dividend Reinvestment Plan (DRIP), where share are not held on any exchange and any dividends that would go to the shareholder instead go to purchasing new shares?

Introducing constraints to the economy only serves to limit what can be economical.
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December 08, 2012, 08:51:31 PM
 #570

Is there any way Cognitive could set up a Dividend Reinvestment Plan (DRIP), where share are not held on any exchange and any dividends that would go to the shareholder instead go to purchasing new shares?
Somewhat related (getting DRIP on btct.co): https://bitcointalk.org/index.php?topic=125629.msg1357564#msg1357564

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December 08, 2012, 10:56:09 PM
 #571

Just did the math... the next dividend (December 15th) will total over BTC190, which is over 0.0182341650671785 per share!

IMO, it's a great time to pick up some Cognitive Smiley

Not to be nitpicky, but aren't we sitting at .02212... per share until the 1831 that's left that were issued sell?
Garr255
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December 08, 2012, 11:49:39 PM
 #572

Is there any way Cognitive could set up a Dividend Reinvestment Plan (DRIP), where share are not held on any exchange and any dividends that would go to the shareholder instead go to purchasing new shares?

I'll be looking into this. Although it's likely this won't happen, expect an update shortly.

Just did the math... the next dividend (December 15th) will total over BTC190, which is over 0.0182341650671785 per share!

IMO, it's a great time to pick up some Cognitive Smiley

Not to be nitpicky, but aren't we sitting at .02212... per share until the 1831 that's left that were issued sell?

I'm not sure whether dividends are sent to the issuer account on BTC-TC, so I just included them in the total number of shares. If the issuer's account did receive dividend payment then that would just go towards next week's dividend, but I'll make sure that the issuer account doesn't receive them before then. So yes, with the current number of outstanding shares (8589) we will be looking at 0.0221213179648387+ per share Cheesy

Sorry for that miscalculation. I'm just glad it was a pleasant surprise!

Cheers,
Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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December 09, 2012, 02:12:21 AM
 #573

Is there any way Cognitive could set up a Dividend Reinvestment Plan (DRIP), where share are not held on any exchange and any dividends that would go to the shareholder instead go to purchasing new shares?

I'll be looking into this. Although it's likely this won't happen, expect a update shortly.

Just did the math... the next dividend (December 15th) will total over BTC190, which is over 0.0182341650671785 per share!

IMO, it's a great time to pick up some Cognitive Smiley

Not to be nitpicky, but aren't we sitting at .02212... per share until the 1831 that's left that were issued sell?

I'm not sure whether dividends are sent to the issuer account on BTC-TC, so I just included them in the total number of shares. If the issuer's account did receive dividend payment then that would just go towards next week's dividend, but I'll make sure that the issuer account doesn't receive them before then. So yes, with the current number of outstanding shares (8589) we will be looking at 0.0221213179648387+ per share Cheesy

Sorry for that miscalculation. I'm just glad it was a pleasant surprise!

Cheers,
Garrett

Dividends are only divided amongst outstanding shares - they don't go to any held in the issuer's account.  If you hold shares personally then you need to make a second account and transfer them to it.  Don't forget to put any shares for unclaimed shares into a seperate account as well - so their share of dividends is properly calculated and reserved.
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December 09, 2012, 02:44:11 AM
 #574

[...]If you hold shares personally then you need to make a second account and transfer them to it.  Don't forget to put any shares for unclaimed shares into a separate account as well - so their share of dividends is properly calculated and reserved.

Already done, but thanks for the info.

Actually, a cool feature of BTC-TC: you can make your portfolio public. I've done that with the Cognitive account and it is viewable here: https://btct.co/portfolio/frc2

...Just that much more transparency for Cognitive Smiley

Cheers,
Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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December 09, 2012, 12:11:35 PM
 #575

You're doing a great job with this asset Garr. Count me in for a few shares.Smiley

https://bitcointalk.org/index.php?topic=130982.msg1401799#msg1401799 - [BTC-TC]bASIC-MINING
http://forum.litecoin.net/index.php/topic,886.0.html - [LTC-GLOBAL]LTC-DMF
http://forum.litecoin.net/index.php/topic,817.msg3279.html#msg3279 - [CRYPTOSTOCKS]AGLTC

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December 09, 2012, 04:50:01 PM
 #576

You're doing a great job with this asset Garr. Count me in for a few shares.Smiley

agreed, Garr resolved this awkward situation superfast, wasn't stingy with comm and showed forethought. Such behavior raises trust a lot. Thanks for that.
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December 10, 2012, 02:20:49 PM
 #577

Just wanted to say a public thanks to you Garr255. 

I got my shares on btct.co, making you the first issuer out of all my former glbse holdings to achieve what I'd call a full resolution of the mess. 

Keep up the great work!

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December 10, 2012, 11:32:56 PM
 #578

You're doing a great job with this asset Garr. Count me in for a few shares.Smiley

agreed, Garr resolved this awkward situation superfast, wasn't stingy with comm and showed forethought. Such behavior raises trust a lot. Thanks for that.


I have to agree with the above comments!

We will be adding some extras to your order...box of honey toffee, some chocolate/almond/toffee bark, and some extra caramels.

Hats off to you.

Don't tread on bees! http://beesbros.com
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December 10, 2012, 11:40:34 PM
 #579

You're doing a great job with this asset Garr. Count me in for a few shares.Smiley

agreed, Garr resolved this awkward situation superfast, wasn't stingy with comm and showed forethought. Such behavior raises trust a lot. Thanks for that.


I have to agree with the above comments!

We will be adding some extras to your order...box of honey toffee, some chocolate/almond/toffee bark, and some extra caramels.

Hats off to you.

I also agree.  I got my  shares back from Garr's work in fixing the mess.  I am lucky I chose Cognitive to invest in.  Garr is a person with a lot of integrity.

Introducing constraints to the economy only serves to limit what can be economical.
Garr255
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December 11, 2012, 06:39:05 PM
 #580

Thanks guys, I'm glad you're all happy with how this got sorted out!

Also, James has been really good about replying to me lately, and I'm happy to say that after the claims that have already been submitted, there will be less than 100 Cognitive shares in limbo Smiley

--Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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