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Author Topic: PLATINUM Asset Backed Security (ABS) - Closed  (Read 1049 times)
Btc4Domains
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May 10, 2012, 11:47:57 AM
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PLATINUM Assets Issued: None

PLATINUM was a 100% physical bullion backed BTC loan instrument I was running on GLBSE - (which abruptly shut down!). All PLATINUM asset holders whom I am aware of have been paid out their interest and principal in full.

At some point in the future I hope to be able to relaunch this asset. If and when I do, I will make an announcement here.
Thanks to those who invested in PLATINUM.
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May 31, 2012, 12:27:04 PM
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The Third PLATINUM interest payment has gone out.
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June 19, 2012, 07:17:12 AM
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PLATINUM interest has been increased to 0.88%, up from 0.71%. New interest rate will start with payment due this coming Thursday. Thank you those who are holding PLATINUM.
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October 12, 2012, 02:33:07 AM
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For those holding PLATINUM Assets: I am waiting on account details from Nefario so I can pay out the face value of the PLATINUM assets plus the two latest interest payments owing from the 4th and 11th of October.
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October 12, 2012, 05:10:42 AM
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For those holding PLATINUM Assets: I am waiting on account details from Nefario so I can pay out the face value of the PLATINUM assets plus the two latest interest payments owing from the 4th and 11th of October.

Sounds good, nice to have a succinct statement to relate to. That's pretty rare in the Bitcoin world heh
Just sad the ABS won't continue. I think you handled it admirably and paying out the shares without quibbling is commendable as well Smiley

I know I'd be interested if you ever decide to start trading again.  Wink

For now i guess we'll just have to see if Nefario actually comes through and provides the asset holder info.
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December 12, 2012, 04:35:17 AM
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Hey people, by my calculation it has taken nearly 11 weeks to receive a list of PLATINUM Asset holders - good news is it has arrived, and I have now sent through a payment to all holders of PLATINUM Assets being 11 weeks of unpaid interest @ 0.88% plus the face/issue value of the assets held by each respective holder. The interest and principal are lumped into 1 single payment to make things a little faster. When I have time I will send a closing statement via email. glbse indicated that there may be others - if so they will be paid out accordingly and no further interest will be payable beyond the current week.
Thanks for your patience!
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January 23, 2013, 03:32:36 AM
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Theres a small number of new PLATINUM accounts that were sent to me from GLBSE/Nefario in a "final" asset holder list recently - these have been paid. The couple without payment addresses have been emailed.
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