Diablo Mining Company

[DiabloD3]

I didnt miss anything. There is no mention of withholding information:
https://glbse.com/vote/view/104

No, I didn't say withhold information, I said recycle dividends.

The information is still going to released on the original dividend cycle: not until BTCMC pays on the first. BTCMC pays once a month and happens to pay on the same day I pay.

[DiabloD3]

...

Rougly 2500 BTC have been invested. The assets are worth roughly half that now.

DMC is not a mining fund or a mining bond, it is a long term investment project. Individual mhash are now worth about 0.003 BTC each, where they were worth about 0.35 when I started DMC. That is a 116x drop in value. DMC has not dropped 116x in share price, it has only dropped about 15x.

Now, either you go the p4man/eskimobob route and claim either I have control over GLBSE pricing of other people's assets (which I don't, and that would be absurd), or you can accept that I'm trying to make the best of a bad situation. This is a short term problem, and this does not effect DMC's long term plans.

[P4man]

Rougly 2500 BTC have been invested.

Yet judging by the vote count of your latest motion, you sold or swapped 9167 shares that you valued at 1BTC. What happened to the other 6667 BTC or BTC equivalents?

The assets are worth roughly half that now.

Actually, even assuming your current asset valuation is correct, which I highly doubt, you made 86% of your share holder value vanish. Those people bought shares at 1 BTC, and now you have 0.14 BTC worth of assets per share. Well done Diablo! No single mining bond did nearly that bad, and as eskimobob pointed out, even pirate debt is still worth a lot more than 15 cents on the dollar.

How on earth did you fuck this up so bad ?

DMC is not a mining fund or a mining bond, it is a long term investment project.

The contract says otherwise. Besides, you have proven to be utterly incapable of investing. Do you shareholders one favor, sell whatever you still have. Pay it out as dividend and close shop. If you must, start over again, but in 3 months, your 1274BTC assets will have halved in value again, I guarantee it.

Individual mhash are now worth about 0.003 BTC each, where they were worth about 0.35 when I started DMC.

And yet you keep investing in these turds.

"The definition of insanity is doing the same thing over and over and expecting different results. "

[SebastianJu]

I dont think that you have control over the price directly. I only say that the height of the dividend has an influence to the price.

I now read the asicminer thread. If you own some of them i think you should hold it until they succeed. They sound like they are legit.

But now... when you say only 2500BTC were invested... and P4man says you sold 9167 shares (i dont know where he has the info from) that means you sold shares for a lot less than the inital price. Thats not fair and would really drop the price. I wondered who today would sell for 0.035BTC... you werent this are you?

By the way... the contract at GLBSE is saying DMC is a mining company. So i wonder why its not now. I guess you wanted to invest first until you have the amount of money needed to build your center but didnt think about that your investments could bring in so few money that the dividends will lower the price per share. But i think you should have explain this instead claiming its a mining company.

BTCMC paid now.

[P4man]

and P4man says you sold 9167 shares (i dont know where he has the info from)

From here:
https://glbse.com/vote/view/104

9167 shares voted on that motion.

[DiabloD3]

I dont think that you have control over the price directly. I only say that the height of the dividend has an influence to the price.

I now read the asicminer thread. If you own some of them i think you should hold it until they succeed. They sound like they are legit.

But now... when you say only 2500BTC were invested... and P4man says you sold 9167 shares (i dont know where he has the info from) that means you sold shares for a lot less than the inital price. Thats not fair and would really drop the price. I wondered who today would sell for 0.035BTC... you werent this are you?

By the way... the contract at GLBSE is saying DMC is a mining company. So i wonder why its not now. I guess you wanted to invest first until you have the amount of money needed to build your center but didnt think about that your investments could bring in so few money that the dividends will lower the price per share. But i think you should have explain this instead claiming its a mining company.

BTCMC paid now.

The contract does not say it is a mining company, it only structures the pay out of profits as dividends. Currently, all of our profits are from our investments in other GLBSE assets, this will not be true in the future.

As for BTCMC, lemme go write the report.

[DiabloD3]

Happy Dividend Day!

Shares sold to date: 20909
Dividends paid out today: 0.0 BTC
Dividends per share paid out today: 0.0 BTC
Uninvested: 0.906 BTC

Dividends paid out for all time: 80.38743369 BTC
Dividends paid out for all time per share: 0.0263581563171353 BTC

Shares held total:
40 BTC-MINING (370 mhash) = 38.80 BTC (14800 mhash)
951 BTCMC (7 mhash) = 551.58 BTC (6657 mhash)
5113 OBSI.ABMO (11 mhash) = 434.61 BTC (56243 mhash)
2080 ASICMINER (30 mhash) = 228.17 BTC (62400 mhash)

Total investments: 1253.16 BTC
Total hashing power: 140100 mhash
Approximately 6.700 mhash per share

Announcements:
"Bonds for DMC" now requires 100 mhash per share of DMC. The bond trading chart is available at http://caspar.adterrasperaspera.com/dmc/trade/

There has been a 2.3x increase of mhash per share and a 16x increase of total mhash since last month.

The motion to suspend dividend payouts for 3 months was passed. Unless another motion is passed to continue the suspension of dividends, the next dividend payment will be December 1st for the month of November.

[SebastianJu]

What the fuck? You tell me now i bought shares and wasted all my money to get no dividend at all which leads to letting the shareprice go down till zero so i even lose the investment?

And i see you are holding shares so at least some dividend should be possible. I calculated that the shares you hold (only 2 are giving dividends) should have brought 16.21611122 for august. That would have been a dividend of 0.005418012BTC per share if you didnt sold shares for low in the last month. Its only small dividend but at least a dividend. Or do you only want to hide that there are more shares now to pay? Because that would mean you have sold for under 0.7BTC. Maybe even under 0.07BTC. And that would mean a simple ripoff of the the first buyers because you would devalue their initial investments. I really cant understand how one can make so many bad decisions.

Man you make me angry. Thank you very much! I thought i can at least trust you to get a dividend monthly. Even though even this was a risk. But you seems to change the rules like you wish. I dont see why you stop dividends now.

Fuck your "Happy Dividend Day!"!

[DiabloD3]

What the fuck? You tell me now i bought shares and wasted all my money to get no dividend at all which leads to letting the shareprice go down till zero so i even lose the investment?

And i see you are holding shares so at least some dividend should be possible. I calculated that the shares you hold (only 2 are giving dividends) should have brought 16.21611122 for august. That would have been a dividend of 0.005418012BTC per share if you didnt sold shares for low in the last month. Its only small dividend but at least a dividend. Or do you only want to hide that there are more shares now to pay? Because that would mean you have sold for under 0.7BTC. Maybe even under 0.07BTC. And that would mean a simple ripoff of the the first buyers because you would devalue their initial investments. I really cant understand how one can make so many bad decisions.

Man you make me angry. Thank you very much! I thought i can at least trust you to get a dividend monthly. Even though even this was a risk. But you seems to change the rules like you wish. I dont see why you stop dividends now.

Fuck your "Happy Dividend Day!"!

The motion was public and half of eligible shares voted almost unanimously to suspend dividends. This was public and advertised.

[MPOE-PR]

SebastianJu: this is what you get for "investing" in the scam exchange. Move to the right one.

[ciuciu]

SebastianJu: this is what you get for "investing" in the scam exchange. Move to the right one.

You mean the porno exchange?

[SebastianJu]

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

In fact you claimed here that you have to wait for BTCMC to pay you. Like you need the numbers to calculate the dividend. But... you knew it before that the numbers doesnt matter.

So what happens with the money you earned in august? You will pay it out later? But even when... its money i could have invested in the meantime.

This sucks. glbse is pointless this way when such important things arent brought to investors attention and shown on the page so that potential investors could stop trying to buy them. Or do you think i would have bought when i knew this? I feel cheated.

Nice... GLBSE is dead for me. My money will be gone in some days and i dont think i will take the risk again to threw money at glbse when even after carefully checking a share out you can lose everything. Thanks!

[DiabloD3]

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

[SebastianJu]

Hm... someone seems to have bough all offered shares up to under a price of    0.1389BTC. I guess it was you diablo? I mean who should invest right now when he sees that the dividend, coming monthly, wasnt paid this month? So you got some shares back for cheap?

Ok... good for you who sold them for 1BTC and got them back for 0.1BTC, bad for the ones that offered them for that price but good for me because i offered all my shares instantly after your 0 dividend-claim. I nearly got all my money back at least. But i have to think some days how i can invest at glbse anyway with such problems...

[SebastianJu]

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

Thats something where i never look at because there wasnt anything always.

Such info should be mailed to shareholders. A mailing system is implemented. And it should be shown at the share-page of course so that potential buyers know about it. This way nefario only will lose customers i think. At least when their money is gone because they werent informed.

[DiabloD3]

You like using that bullshit hashing number, so I will focus on that.
DMC is holding, according to your claims: 140,100 mhash of power
DMC has sold or traded 20909 shares, with an ipo value of 1 BTC per
Even at todays swap of 100mhash/share (a bullshit number, but you used it, so let's go with it) DMC can only account for 140 shares worth of mhash swaps against current holdings.
Where have the bitcoins gone?

I think you've confused two things. I require approximately 100 mhash in other people's assets to trade for 1 DMC now. This does not state there is 100 mhash per share.

[DiabloD3]

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

Thats something where i never look at because there wasnt anything always.

Such info should be mailed to shareholders. A mailing system is implemented. And it should be shown at the share-page of course so that potential buyers know about it. This way nefario only will lose customers i think. At least when their money is gone because they werent informed.

Thats another problem: GLBSE does not email you when you have new GLBSE mail. Nor does GLBSE let you mail a list of people, nor does GLBSE even tell me who my shareholders are.

Right now, the only way to get up to date information about DMC is to set this thread to notify and have Bitcointalk email you on thread notify, or to sit in #bitcoin-assets on Freenode.

You and I are not the only people who wish there was a better system. If Wall Street was like GLBSE, Wall Street would have collapsed under its own weight by now.

[DiabloD3]

I think you've confused two things.

I doubt that.
However I would be much less confused if you possessed the ability of compiling a proper income statement and balance sheet.

This is the line you're looking for:

Approximately 6.700 mhash per share

[DiabloD3]

Hm... someone seems to have bough all offered shares up to under a price of    0.1389BTC. I guess it was you diablo? I mean who should invest right now when he sees that the dividend, coming monthly, wasnt paid this month? So you got some shares back for cheap?

Wasn't me. I'm not planning on doing buyback during the three month dividend suspension, but this isn't set in stone.

[EskimoBob]

SebastianJu: this is what you get for "investing" in the scam exchange. Move to the right one.

Go fuck yourself, you fat ugly cunt. Scamer Mircea Popescu and his exchange are a epic joke. You have to be an idiot to sign up with this porn peddling asshole and scammer from Rumenia.
Diablo3's stupidity and the scam he is running, has nothing to do with GLBSE. The idiot here is Diablo3 who keeps making one mistake after another. Even a retarded monkey can manage funds better that this fool has.

Diablo3, you deserve a scammer tag.