[GLBSE] BDK.BND (1%/week) *IN DEFAULT*

[Kluge]

In case anyone was wondering, it was I who sold a small quantity of bonds ~6h ago. 460 additional bonds were sold. 10773 bonds are now out in the wild. The sale does not reflect a change of my intention to buy back the bonds within a week (still waiting on large repayment), but I needed ~45BTC to finish covering a 250BTC loan to someone.

Dividends tomorrow (Monday). Cheers!

[1714992110]

1714992110

[1714992110]

1714992110

[1714992110]

1714992110

[Kluge]

Dividends paid.

Issued: 10773 bonds (1077.3BTC FV)
Interest Payment: (1077.3*.01)=10.773BTC

Next Payment Date: July 2nd

[Kluge]

Dividends paid.

Issued: 10873 bonds (1087.3BTC FV)
Interest Payment: (1087.3*.01)=10.873BTC

Next Payment Date: July 9th

[Kluge]

Dividends paid.

Issued: 10873 bonds (1087.3BTC FV)
Interest Payment: (1087.3*.01)=10.873BTC

Next Payment Date: July 16th



ETA: I think I'm moving way too fast in trying to lower the rates I pay. Pirate's survived the early-weekend panic without any significant problems, which has changed my expectations a bit. BDK.BND will remain open until further notice. I apologize for the premature buyback announcement. I will begin selling again a bit before BDK-BLoC launches so I have enough funds, but I'm not going to be able to achieve the Prime rate I wanted. I don't think it will interfere too dramatically in attracting lendees, though.

[Kluge]

Just noticed coins were still in the BDK.BND account. Oops.

Dividends now actually paid.

[Kluge]

Going back to how it was, where I "fixed" the price, but with an even tighter spread this time. Walls @ .985 and .1015.

(I think I put them up before going to sleep last night, but I can't log into GLBSE, so who knows.)

ETA: Finally was able to log onto GLBSE. Made the bidwall.

[Kluge]

Dividends paid.

Issued: 10873 bonds (1087.3BTC FV)
Interest Payment: (1087.3*.01)=10.873BTC

Next Payment Date: July 23rd

[Kluge]

My GLBSE account was emptied by an attacker. https://bitcointalk.org/index.php?topic=67446.msg1046588#msg1046588

This included the sale of >14k bonds, even to the "Sathoshi bidders."

I can't get a hold of Nefario, and today's dividend day. I have no intention of honoring bonds sold by an unauthorized user -- I do not consider them to be legitimate transactions. Bond dividends will not be paid until this problem is sufficiently rectified (or I have a change of heart), at which point I will pay out any previous dividends, compounded as appropriate, as well as a gratuity for doing this to previous bond-holders. I am willing to buy back bonds you purchased at 5% above what you paid (up to .1BTC) provided you give me a screenshot or .csv of your buy orders being fulfilled -- particularly whoever bought the bulk of bonds at .00000368BTC or whatever - I would be very grateful if you voluntarily sold the bonds back to me at a 5% markup over what you paid.

[Kluge]

Please see https://bitcointalk.org/index.php?topic=67446.msg1047877#msg1047877

Transactions made from the attacker will be forcibly reversed. Dividends shouldn't be paid later than Wednesday evening. Beyond that, nobody should be further inconvenienced, and I do apologize for the inconvenience this has caused. I'm filing a police report this afternoon, and believe there's a fair chance someone's ID (ideally, the attacker's) will be revealed, but it will likely take weeks, if not months, for resolution to be found.


Cheers,
Ben

[Rygon]

Any updates on the dividend payment this week?

[Kluge]

Any updates on the dividend payment this week?

Hopefully by the end of the day, possibly not until tomorrow, dividends will be paid. There will be a .5% bonus (so .00015/share instead of usual .0001/share, assuming I counted correctly), and dividends will be paid regularly (in full) on the upcoming Monday (7/30).

Sorry again about the delay.

[OneEyed]

Any updates on the dividend payment this week?

Hopefully by the end of the day, possibly not until tomorrow, dividends will be paid. There will be a .5% bonus (so .00015/share instead of usual .0001/share, assuming I counted correctly), and dividends will be paid regularly (in full) on the upcoming Monday (7/30).

I hope for your investors that you mean ".0015/share instead of usual .001/share", that is 10 times more

[Kluge]

Any updates on the dividend payment this week?

Hopefully by the end of the day, possibly not until tomorrow, dividends will be paid. There will be a .5% bonus (so .00015/share instead of usual .0001/share, assuming I counted correctly), and dividends will be paid regularly (in full) on the upcoming Monday (7/30).

I hope for your investors that you mean ".0015/share instead of usual .001/share", that is 10 times more

Over two... .001

Oh. Yeah.    Sorry about that.  Used to doing (total bond value * .01) for total dividends to pay on my side. End of today or tomorrow, it'll be (total bond value * .015), then upcoming Monday and each Monday after, (total bond value *.01) again. Just waiting on Nef to unlock my account, then need to send the appropriate amount to go, actually pay dividends, and we'll be back on track.

ETA: And I'm calling bonds "shares," again. Bad habits die hard, I suppose.

[Kluge]

Apologies again for the delay. Just waiting for my account to be unlocked... Hoping it will be within a few hours.

[Kluge]

Account was unlocked. Just waiting for confirmations on deposit, now. I'm going to go ahead and pay 2.5x dividends today, accounting for tomorrow's scheduled payment, last Monday's scheduled payment, and an extra gratuity to apologize for the delay.

Issued: 11171 bonds (1117.1BTC FV)
Interest Payment: (1117.1*.025)=27.9275BTC

Next Payment Date: August 6th


Securities (BDK & BDK.BND) should be unfrozen very soon, if not already, allowing everyone to trade and otherwise transfer the securities again.

ETA: One last delay. No confirmations on deposit, yet, and I'm tired as Hell. It's 5:30am, here. Set alarm for 11:30am, so dividends should be paid in 6-7 hours from "now."

[Kluge]

Dividends paid, securities unlocked.

[Kluge]

There appears to be an odd issue with the special dividend payment sent out this morning. Please confirm you received them. I should be paying dividends to 11171 bonds, but when I paid this morning, I paid to 11229 bonds, 58 more than I can reasonably explain given there are 26367 bonds outstanding, and 15196 of those are in my account... unless my calculator's totally fucked. Lemme try it manually.


 26367
-15196
 11171

There are no dividends paid to myself in my account history. So.... Dunno what's going on there. PMd Nef.

[Kluge]

Still not entirely certain what went wrong with the buyback process. I guess there are now ~60-120 bonds existing outside of what's listed in "securities issued," so they were issued by GLBSE to.... someone, or something. Idunno -- public GLBSE data + info on my portfolio page show an extra 58 bonds existing which shouldn't, but Nef told me there were 124 extra bonds. This anomaly occurred some time during the buyback process, so I'm guessing someone sold bond units they bought after the dump, which mucked up the process. I'll pay dividends as my books show I should, then pay the extra BTC as the GLBSE dividends table says I should. If someone could tell me how many bonds they hold and exactly what they were paid in dividends when I paid them yesterday, I'd appreciate it. ETA: I've received confirmation that a bond-holder received dividends in line with what GLSBE reports. If anyone has contrary information, please report it to me. Thanks!

5k bond units posted on the bid side. Intent is not to sell, but make sure price doesn't deviate too far from .1/bond. ... Though, I certainly wouldn't mind selling bonds @ ~.103 each


Cheers,
Ben

[Kluge]

Oh -- Just remembered.

I am the one who wiped out the bid depth on BDK.BND yesterday. Were I looking more closely, I would have made sure not to wipe all "real" (within 50% of FMV) bids.

Sent a deposit to GLBSE to fund a bid wall until bid depth starts reappearing. It should be up within a couple hours. My apologies.

Cheers,
Ben

P.S. I do not have a particularly high demand for new funds, but if someone wants to buy 1k+ bonds (no more than 5k) at face value, I would be interested. Otherwise, asks will remain at ~2.5% over face value on GLBSE until I have significant demand for new funds, again. Dividends will be paid and resume normal weekly pay schedule on 8/6. Sorry again for any inconvenience caused by the hack last week.

[Kluge]

Dividends paid.

Issued: 13380 bonds (1338BTC FV)
Interest Payment: (1338*.01)=13.38BTC

Next payment date: August 13


ETA: Made an accounting error. There are 13380 legitimate bonds, but there are 13553 bonds I'm paying dividends to after the forced transaction reversal after the account compromise didn't go quite as it was supposed to. I also over-paid when I tried to correct the problem. Interest payment ended up being 14.65987351BTC, meaning I overpaid by 0.00008167BTC/bond. Enjoy.