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Author Topic: Diablo Mining Company  (Read 95475 times)
DiabloD3
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May 09, 2013, 01:52:39 AM
 #941

@ Diablo ..  I haven't thoroughly evaluated the info you have posted in the past few days,  but skimming it my initial reaction gives me some concern.


I don't agree with you taking the stance that BFL (thus BTCMC) is irrelevant.  (as much as that would infinitely please me being an AM shareholder..)

As well (and this ties in with our PM convo a few days ago too),  there isn't anywhere near enough information available to make a decision on whether DMC 2.0 is worth anything at all (or even what the plan really is)  and if we use DMC 1.0 as the benchmark, well..  that didn't really turn out, at least not according to the original plan anyways.  The ballzy move on the asicminer trades in the early days was much criticized but the results (somewhat, maybe?)  justified it.... but ya know,  AM was never a sure thing even though it may seem like it was / is nowadays,  so the action you chose to take is also concerning regarding future ventures..

For option 1, I personally assign some value to BTCMC, (and to a lesser extent possibly even BTC-Minging) and would be looking for my respective holdings in it as well.. 

Option 2 - I also don't completely negate the possibility of wanting to roll forward on a DMC 2.0 plan,  but I would have to understand exactly what that is..  in absence of that info,  I would be forced to go with option 1  with the caveat that something is to be done about these BTCMC shares that is agreeable by all shareholders.   

teek

   

I have not posted the DMC 2.0 plan yet. Not until the plan is finished, fully vetted by people in the industry that I trust, and the company is registered. I will tell you that the plan includes not loaning the money to outside entities, not even near-sure bets like AM, I just can't take the risk, the Bitcoin community is still too risky to invest in (and yes, before you ask, my opinion has shifted greatly on this after what happened).

I agree something needs to be done about BTCMC, but nothing can be done until BTCMC pays a dividend so I can figure out what the shares are actually worth to DMC. Unless, however, someone right now offers 0.50 BTC a share for the entire lot; I don't think the shareholders that think the shares are worth something would go for any less.

However, if you trade your DMC shares for AM shares, you have no right to the BTCMC shares.

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teek
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May 09, 2013, 02:00:21 AM
 #942

Just to clarify,  there is some type of restriction imposed by yochdog on share transfers of BTCMC ?   Is there some reason why these holdings cannot be distributed proportionately along with the AM shares?  


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May 09, 2013, 02:45:22 AM
 #943

Just to clarify,  there is some type of restriction imposed by yochdog on share transfers of BTCMC ?   Is there some reason why these holdings cannot be distributed proportionately along with the AM shares?

Yes, he will allow me to sell them, but only to a single owner. Its not like friedcat whos happy to handle it however it needs to be.

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May 09, 2013, 07:47:26 PM
 #944

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek

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May 09, 2013, 11:24:40 PM
 #945

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


0.5915 implied BTCMC value
x 1000 = 591.5

1841/11= 168 shares of AM
168 x 1.42 = 238

You wish to trade BTC238 worth of AM for BTC592 worth of BTCMC?  No thanks, I vote to politely decline your offer.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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teek
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May 09, 2013, 11:40:14 PM
 #946

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


0.5915 implied BTCMC value
x 1000 = 591.5

1841/11= 168 shares of AM
168 x 1.42 = 238

You wish to trade BTC238 worth of AM for BTC592 worth of BTCMC?  No thanks, I vote to politely decline your offer.


Hey no problem of course that is your choice to vote how you want,  trying to put some options out there because at present it looks like no one has come up with a solution.   I doubt very much if they went up for auction today that DMC would recover the 238 BTC that my offer implies..   Can you point me in the direction of where you get the 592 implied value for BTCMC i am very curious..     

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May 10, 2013, 01:41:24 AM
 #947

Can you point me in the direction of where you get the 592 implied value for BTCMC i am very curious..     

I'd like to use the same plan we've been using for BTCMC thus far: wait and then wait more.  Until BFL.  Because soon.

BTCMC is isn't trading, but a value of BTC0.5915 per share can be inferred from the premium DMC trades for over 1/11 AM:
0.1745 * 11 = 1.9195
1.9195 - 1.328 = BTC0.5915 implied BTCMC value.


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█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
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DiabloD3
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May 10, 2013, 02:06:50 AM
 #948

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


The math is closer to 4500 shares of DMC according to the valuation that the BTCMC is worth something crowd is using. Get ahold of that many, and I'd trade.

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May 19, 2013, 01:31:32 AM
 #949

Paid out another dividend, 24.66748009 for 0.00343845 per share over 7174 shares.

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May 19, 2013, 09:28:13 PM
 #950

Paid out another dividend, 24.66748009 for 0.00343845 per share over 7174 shares.
DIVIDEND RECEIVED THANK YOU !
DiabloD3
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May 24, 2013, 05:22:24 PM
 #951

Dividend: 14.19315684 BTC for 7174 shares

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May 24, 2013, 05:27:43 PM
 #952

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley
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May 24, 2013, 05:35:58 PM
 #953

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.

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May 24, 2013, 06:01:43 PM
 #954

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??
DiabloD3
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May 24, 2013, 06:50:39 PM
 #955

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.

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May 24, 2013, 07:01:24 PM
 #956

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?
DiabloD3
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May 24, 2013, 07:10:08 PM
 #957

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

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May 24, 2013, 07:35:13 PM
 #958

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???
DiabloD3
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May 24, 2013, 08:09:34 PM
 #959

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???

BTCMC was traded on GLBSE before GLBSE crashed. Yes, BTCMC is a mining company. No dividends are being paid as per shareholder vote.

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May 24, 2013, 08:16:27 PM
 #960

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???

BTCMC was traded on GLBSE before GLBSE crashed. Yes, BTCMC is a mining company. No dividends are being paid as per shareholder vote.

WHY WHY WHY? SO did they actually mining?Huh did they actually existing now?Huh?
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