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Author Topic: Diablo Mining Company  (Read 95481 times)
DiabloD3
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December 08, 2012, 12:24:02 PM
 #781

Hey all.

Nefario, after stalling for two months, has finally sent me the shareholder lists.

According to his list, there are 11589 DMC shares still in the wild, my last count before GLBSE was shutdown was 11909. So, theres 320 that have not been claimed out there in the wild. If you have not submitted a claim, please do so.

Oh, and btw, the asset list is still:
106 BTC-MINING
1000 BTCMC
1000 ASICMINER

Neither BTC-MINING nor BTCMC have been able to pay back dividends to any shareholders, and both are planning on liquidating and paying that out at some future time. ASICMINER is still hoping to get their hardware before the Chinese New Year and is planning on opening their own exchange just for their assets if necessary.

I think I am going to relist DMC on Bitfunder and continue the buyback as I was. Bitfunder is Ukto's exchange, so it should remain stable and sane until at least after the buyback has been completed.

Before the shutdown I bought back around half the shares, and I should be able to buy back all of the rest within a year.

After that, I want to try relaunching DMC. I think the plan is sound and can work, as long as I don't have the stone of Nefario around my neck dragging me down. But this can't happen until these shares have all been bought back.

I'm considering issuing zero coupon non-callable corporate bonds as a registered company, a real legal entity. No more shares, no more dividends, and a maturity time of 5 or 10 years. They will be issued as PGP signed serial numbered documents using a single use PGP key that will be locked in a safe afterwards, thus preventing any possibility of forgeries. The OID will be on the order of equiv to 5% APY.

I think the Bitcoin investment community is still ready for a $5-10 million dollar project to come and put Bitcoin on the map. I still think DMC is that project. I know a lot of other people think DMC is still worth pursuing.

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December 09, 2012, 02:45:52 PM
 #782

Hey all.
...

How much are you planning on buying them back for?



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EAR1000 ACT TOKEN


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DiabloD3
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December 09, 2012, 05:36:06 PM
 #783

Hey all.
...

How much are you planning on buying them back for?

I'm letting the market price that out. It worked for the first half of the shares I bought, so it should work well for the second half.

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December 09, 2012, 10:33:43 PM
 #784

I hear the market calls for 1 BTC per.

Stephen Gornick
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December 10, 2012, 05:16:17 AM
 #785

They will be issued as PGP signed serial numbered documents using a single use PGP key that will be locked in a safe afterwards, thus preventing any possibility of forgeries.

What is a single-use PGP key?
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December 10, 2012, 05:30:22 AM
 #786

Regarding re-listing, I'd encourage you to check out btct.co as well.

Cheers.

I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
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December 10, 2012, 08:30:44 AM
 #787

They will be issued as PGP signed serial numbered documents using a single use PGP key that will be locked in a safe afterwards, thus preventing any possibility of forgeries.

What is a single-use PGP key?

A PGP key only used once.

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December 21, 2012, 03:56:16 PM
 #788

Diablo, can you give an update before we all croak?

DiabloD3
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December 21, 2012, 04:09:38 PM
 #789

Diablo, can you give an update before we all croak?

I gave one one the 8th. I'm still waiting on the last shares to be claimed.

Although, there is one up side, I grabbed one of Bitfunder's 10btc slots which will be equally divided among shares.

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December 30, 2012, 07:48:18 AM
 #790

So, I got the final list from nefario.

It now says there was 11648 shares in the wild including the 69 I owned. Its still short of the 11909 I last saw, but the total on that list adds up to the full 1 million shares (it also lists the unsold shares as well). I will assume this list is accurate.

I'm going to be handing this list over to Ukto to get the shares redistributed.

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December 31, 2012, 02:59:59 AM
 #791

So, I got the final list from nefario.

It now says there was 11684 shares in the wild including the 69 I owned. Its still short of the 11909 I last saw, but the total on that list adds up to the full 1 million shares (it also lists the unsold shares as well). I will assume this list is accurate.

I'm going to be handing this list over to Ukto to get the shares redistributed.

As soon as you are around we can get things setup for you to upload the claims. Smiley
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January 09, 2013, 03:40:41 AM
 #792

Everyone who has shares should have gotten an email from Bitfunder on how to setup their accounts and claim their shares.

I've also issued the 10 BTC from the Bitfunder promotion as a dividend to shareholders.

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January 09, 2013, 04:54:34 AM
 #793

Everyone who has shares should have gotten an email from Bitfunder on how to setup their accounts and claim their shares.

I've also issued the 10 BTC from the Bitfunder promotion as a dividend to shareholders.

I haven't received an email. Have they all gone out?



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EAR1000 ACT TOKEN


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DiabloD3
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January 09, 2013, 05:04:09 AM
 #794

Everyone who has shares should have gotten an email from Bitfunder on how to setup their accounts and claim their shares.

I've also issued the 10 BTC from the Bitfunder promotion as a dividend to shareholders.

I haven't received an email. Have they all gone out?

Whats your email? You might not be on the final asset list.

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January 09, 2013, 10:56:51 AM
 #795

Same here: No email; checked spam too.

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January 09, 2013, 01:16:01 PM
 #796

Everyone who has shares should have gotten an email from Bitfunder on how to setup their accounts and claim their shares.

I've also issued the 10 BTC from the Bitfunder promotion as a dividend to shareholders.

I haven't received an email. Have they all gone out?

Whats your email? You might not be on the final asset list.

PM'd



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EAR1000 ACT TOKEN


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January 09, 2013, 02:50:51 PM
 #797

Same here: No email; checked spam too.

newar417@...

Same here, no email and nothing in my spam folder.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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January 09, 2013, 02:58:07 PM
 #798

All three of you are on the final list. You should have gotten emails by now. If this isn't the case, tell me so I can bug Ukto.

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January 09, 2013, 03:08:21 PM
 #799

All three of you are on the final list. You should have gotten emails by now. If this isn't the case, tell me so I can bug Ukto.

Thanks, got my shares.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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January 09, 2013, 04:52:53 PM
 #800

Oh, and btw, the asset list is still:
106 BTC-MINING
1000 BTCMC
1000 ASICMINER



Can you confirm this is still the asset list?
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