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Author Topic: [GLBSE] ZipConf bond  (Read 7576 times)
DeaDTerra
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June 14, 2012, 01:00:27 PM
 #61

Any news, updates or dividends this week?
It should be on time as far as I know, I was in contact with JRO a couple of days ago and he was all fine. I am going to send a message to him to remind him and hopefully he will pay it out on time Smiley
//DeaDTerra

It isn't on time already.. last div's were on the 5th...
Okay, sorry. I have no access to the account, it's up to JRO to pay out the dividend on time. He will probably pay out a double dividend next week instead in according to the contract.
//DeaDTerra
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June 14, 2012, 01:20:21 PM
 #62

Maybe you aren't to blame but you are the one taking the heat.

When the divs weren't paid out last time we got apologies all around and the divs were finally paid out.
I have high hopes for  ZipConf  but this doesn't give confidence .  Either someone else has to have the ability
to move money around or find some other solution- pay divs once in 2 weeks officially even.

Enough said  and I hope you will take this as constructional criticism and not just some trolling.

I really do think this bond will deliver very nice profits when all the dots get  connected!  Smiley


"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
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June 15, 2012, 04:48:19 PM
 #63

any update on this week's dividends? Shouldn't they have been paid Monday?
If they'll be paid next week (again), can you state the planned dividends?

Good idea to restructure stuff so that people can fill in for each other, and not relying completely on individuals....
DeaDTerra
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June 15, 2012, 04:50:46 PM
 #64

any update on this week's dividends? Shouldn't they have been paid Monday?
If they'll be paid next week (again), can you state the planned dividends?

Good idea to restructure stuff so that people can fill in for each other, and not relying completely on individuals....
Yes there will be a double dividend next week instead,
I will suggest this to JRO, as he's very busy at the moment it might be best if I take over the dividend payment for now.
//DeaDTerra
DeaDTerra
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June 18, 2012, 05:10:49 PM
 #65

A double dividend has been paid as according to the contract
2012-06-18 02:52   61.9999241   9937   0.0062393
2012-06-18 02:53   62.99998378   9937   0.00633994
Sorry for the delay of last weeks dividend Smiley
//DeaDTerra
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July 28, 2012, 01:08:37 PM
 #66

Any news?
The project is frozen?

Rockefoten
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August 08, 2012, 08:29:42 PM
 #67

Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly.
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August 09, 2012, 05:58:31 AM
 #68

Wil the dividends be paid out any time soon? Last dividends were paid July 30th, and if I'm not mistaken they're supposed to be paid out weekly.


Read this. The other asset issued by these people has also stopped paying dividends.
https://bitcointalk.org/index.php?topic=83784.msg1087868#msg1087868

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August 09, 2012, 02:53:20 PM
 #69

The issuer contacted and trading of this asset has been frozen until further notice.

All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer JRO, Jonathan Ryan Owens.

Nefario

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Rockefoten
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August 10, 2012, 06:54:57 PM
 #70

Read this. The other asset issued by these people has also stopped paying dividends.
https://bitcointalk.org/index.php?topic=83784.msg1087868#msg1087868

Thanks, I hadn't seen that.
So from what I gather the issuer just left all his BTC-businesses behind?
Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave?

Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow.

I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it.
cytokine
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August 10, 2012, 06:59:09 PM
 #71

Thanks, I hadn't seen that.
So from what I gather the issuer just left all his BTC-businesses behind?
Zipconf has seemed like a somewhat profitable business based on the dividends - so why would JRO just pack up and leave?

Sounds a little strange and very, very unprofessional. I can understand if a business venture fails and investors suffer a loss, but getting no info whatsoever from the reponsible party is just, wow.

I had some hope for ZipConf, as it was a business I thought could be constructive for the Bitcoin community. Now I'm just happy I didn't put all that much money into it.

Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price.

So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares).
Rockefoten
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August 10, 2012, 07:16:33 PM
 #72

Same here, and I also luckily have a very small exposure. There are many places where I thought a default was possible, but ZipConf was not on my radar as a high-risk asset other than the fact that it was a pure equity and not tied to BTC price.

So I'm now hoping we can find JRO and at least get a buy-back on this (and on REBATE for those who own shares).

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Regarding buy-back, the contract states that
The Issuer has the right to buy back, at any time, all bonds issued for twice the price of the previous 120 hour average market price.

As shares have been traded for around 0.5 BTC for some time, I guess buy back should be at around 1 BTC then. That would, however, be the best possible scenario. We'll probably get less than that, if anything.
Rockefoten
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August 11, 2012, 06:31:19 PM
 #73

ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.

Any chance that any funds from ZIP.A will be recovered and returned to investors?

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..
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August 11, 2012, 06:40:59 PM
 #74

ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.

Any chance that any funds from ZIP.A will be recovered and returned to investors?

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..

If we can get JRO to return the funds for ZIP.A then yes, if not then no.

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Rockefoten
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August 11, 2012, 06:45:43 PM
 #75

Any chance that any funds from ZIP.A will be recovere and returned to investors?

If we can get JRO to return the funds for ZIP.A then yes, if not then no.

Ok, thanks! Hope it all works out.
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August 11, 2012, 07:11:39 PM
 #76

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..

Could possibly be  breaches of fiduciary duties and embezzlement.

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August 12, 2012, 03:07:10 AM
 #77

ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.

Any chance that any funds from ZIP.A will be recovered and returned to investors?

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..

Its also called a ponzi scam if he  paid dividends from new investments.

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August 12, 2012, 07:55:40 AM
 #78

Maybe he was arrested for a crime he did not commit ..
I think drugs are more likely. You can get arrested just as easily, even though it isn't a real crime Smiley

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Rockefoten
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August 12, 2012, 11:26:32 AM
 #79

At least it doesn't seem to be a scam, as dividends have been payed for a couple of months.

Maybe I was to quick...if the guy just runs away with everybody's money, I guess that is equivalent to being a scam..

Its also called a ponzi scam if he  paid dividends from new investments.

If I remember correctly, dividends were paid for quite some time after all the 9930 shares were sold, so for this period there would be no new investments from which dividends could be paid.

I guess we just have to have some patience until all the facts come out, and/or funds are returned to investors.
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August 15, 2012, 10:24:00 AM
 #80

JRO has been online on August 14. He replied to a message to someone?

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