[BTC-TC] YABMC

[JWU42]

Coupon just paid - will update Post #2 later tonight (or in the morning).

0.00885106 per share was the amount...

[1713590926]

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[Sukrim]

Still waiting to receive my last pre-IPO bonus payment (https://bitcointalk.org/index.php?topic=76254.0)

All Pre IPO investors will receive 200% PPS coupons the initial three payments (Approx. dates are April 28, May 11 and May 25) as a "Thank You" for your support!

I guess this being manual and all just takes a lot of time.

[JWU42]

SUkrim,

Yes - it is manual and I was tried up last afternoon/evening.  Final bonus payment for Pre-IPO will be sent right now.

Thanks for your understanding!

EDIT - Final 200% PPS payment sent - thank you again to my Pre_IPO investors!

[JWU42]

All BFL Singles are installed and running.  They aren't supplying the 5 Gh/s I was hoping for but close enough.  Still the best $/Mh option out there (short of the MR).

Expect more news on the coupon frequency VERY soon!

[JWU42]

Updated return information - paying almost 1.5% weekly!!!

Return:
Daily        0.00063217 BTC (632.17 μBTC)
Daily ROI   0.2107%
Weekly   1.4751%
Monthly   6.4095%

** As of 5/24/2012 (Ask @ 0.3) with 50 BTC reward and Difficulty at 1591074.96184731 **

Also, as noted in OP, YABMC will now pay coupons two times per week (Tuesday and Friday 1200 UTC).  I believe all will view this as a fantastic improvement for YABMC bondholders!

[JWU42]

Updated Post #2 with coupon calculation from Thursday and detail on the next coupon (Tuesday at 12:00 UTC).

https://bitcointalk.org/index.php?topic=75867.msg840944#msg840944

 

[Sukrim]

Great compromise and much appreciated!

[JWU42]

Volume is picking up - as we hoped it would...

Just under 17 hours until coupon time 

[JWU42]

Coupon just paid - thanks again for your continued support of YABMC!

[JWU42]

Coupon at 1200 UTC tomorrow...

[JWU42]

Coupon paid - have a great weekend!

[JWU42]

YABMC passed 5000 BTC in total volume today!

Thanks to all of our bondholders for your support.  Coupon tomorrow ~ 1200 UTC.

[stochastic]

YABMC passed 5000 BTC in total volume today!

Thanks to all of our bondholders for your support.  Coupon tomorrow ~ 1200 UTC.

But down 6% today 

I guess it is a good time to buy before a coupon payment.

[JWU42]

Coupons paid a simdge early today - real life gets in the way 

[gewure]

i must say im not 100% happy with the IPO-expansion, cause i bought some shares for 0.3 like many people did, not knowing that there will be an enourmous ipo at 0.3 again,.. 

[stochastic]

i must say im not 100% happy with the IPO-expansion, cause i bought some shares for 0.3 like many people did, not knowing that there will be an enourmous ipo at 0.3 again,.. 

Since this is a bond, you really should not get capital gains from this.  The money is in the coupon payments.

[JWU42]

I understand your concerns about growth but we felt strongly that liquidity would improve with more shares and a more frequent coupon payment would be of value to current and potential future bondholders.  Again, this is a bond (debt) and not a stock (equity).  It seems that capital appreciation was your main goal?

It was always mentioned that YABMC would be more than 5 Gh/s.  The original target was 20 Gh/s by July - we are now at 54.2 Gh/s.

Regards,

JW

[PatrickHarnett]

i must say im not 100% happy with the IPO-expansion, cause i bought some shares for 0.3 like many people did, not knowing that there will be an enourmous ipo at 0.3 again,.. 

As an observation, did you notice the other enormous expansions (like Giga at the equivalent price), and some other mining bonds/expansions also priced at the same or similar levels?  YABMC can not limit the activity of other mining companies that offer basically the same commodity (hashes), nor can we dictate the price that buyers and sellers wish to transact at on GLBSE.

[JWU42]

Coupon paid - will add details on 2nd post later today.  It involved 2 different difficulties so the calculation, while not difficult, is a tad more complex  

Namely we had 201064 seconds at difficulty of 1591074.96184731

and

58136 seconds at current difficulty of 1583177.84744401

EDIT - GLBSE didn't take the full amount of the coupon payment - it was short by 0.00048893 (in total, not per share).  I'll make sure this gets fixed later today.

103.05378529 is the correct total and it paid out 103.0532964 

[Sukrim]

You have more outstanding shares than that, so some would get 1 Satoshi more than others - that's a "no can do" for GLBSE.

Either you pay out a few Satoshis more and everyone gets the last one or you move it over to the next payment...