Bitcoin Forum
December 06, 2016, 04:15:46 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Borrowing GLBSE shares  (Read 854 times)
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile
April 25, 2012, 09:19:53 AM
 #1

Hi everyone,

I'm borrowing these shares:

30xSS

30xBFLS

75xFPGA.contract

You could choose the pay due from either 4 or 8 weeks after the lending date.

4 weeks - 120% of the dividends paid to lenders.
8 weeks - 125% of the dividends paid to lenders.
Each payment will not be later than 24 hours later than the corresponding asset issuers pay their dividends.

Q: What are you going to use them for?
A: I'm going to do market making for them. Borrowing shares is a way to hedge my risk.

Q: Does it have something to do with your fund "MU"?
A: Yes, 75%-100% of the profits will go to MU. Since I haven't raised any motion for allowance of any forms of borrowing, I myself will take all the risk with my own Bitcoin reserve.

Please reply or PM me for details. Witnesses are also invited.

1481040946
Hero Member
*
Offline Offline

Posts: 1481040946

View Profile Personal Message (Offline)

Ignore
1481040946
Reply with quote  #2

1481040946
Report to moderator
1481040946
Hero Member
*
Offline Offline

Posts: 1481040946

View Profile Personal Message (Offline)

Ignore
1481040946
Reply with quote  #2

1481040946
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481040946
Hero Member
*
Offline Offline

Posts: 1481040946

View Profile Personal Message (Offline)

Ignore
1481040946
Reply with quote  #2

1481040946
Report to moderator
1481040946
Hero Member
*
Offline Offline

Posts: 1481040946

View Profile Personal Message (Offline)

Ignore
1481040946
Reply with quote  #2

1481040946
Report to moderator
mila
Sr. Member
****
Offline Offline

Activity: 462



View Profile
April 25, 2012, 09:25:16 AM
 #2

Hi everyone,

I'm borrowing these shares:

30xSS

30xBFLS

75xFPGA.contract

You could choose the pay due from either 4 or 8 weeks after the lending date.

4 weeks - 120% of the dividends paid to lenders.
8 weeks - 125% of the dividends paid to lenders.
Each payment will not be later than 24 hours later than the corresponding asset issuers pay their dividends.

Q: What are you going to use them for?
A: I'm going to do market making for them. Borrowing shares is a way to hedge my risk.

Q: Does it have something to do with your fund "MU"?
A: Yes, 75%-100% of the profits will go to MU. Since I haven't raised any motion for allowance of any forms of borrowing, I myself will take all the risk with my own Bitcoin reserve.

Please reply or PM me for details. Witnesses are also invited.

what has been seen can not be unseen ; )

your ad here:
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile
April 25, 2012, 10:42:09 AM
 #3

BTW, if any of the issuers raises a motion, I will vote neither Yes nor No by default. But of course you could contact me if you want to vote for a side.

brendio
Hero Member
*****
Offline Offline

Activity: 518


Firstbits: 1Brendio


View Profile
April 25, 2012, 11:51:34 AM
 #4

BTW, if any of the issuers raises a motion, I will vote neither Yes nor No by default. But of course you could contact me if you want to vote for a side.

If you've sold them short you won't be able to vote.

GLBSE should allow voting on less than the full holding for shares held beneficially for others, who may not all vote the same way.

friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile
April 25, 2012, 12:04:05 PM
 #5

BTW, if any of the issuers raises a motion, I will vote neither Yes nor No by default. But of course you could contact me if you want to vote for a side.

If you've sold them short you won't be able to vote.

GLBSE should allow voting on less than the full holding for shares held beneficially for others, who may not all vote the same way.

As explained in the OP, the main reason I borrow them is not for shorting. I'm doing market making, so basically I'm both buying and selling at the same time, I borrow them to hedge my risk of holding too much of them and unable to sell at a reasonable price.

This implies that I will hold some of them most of the time. Smiley

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!