P

[brendio]

I am now liquidating anything Goat in my portfolio at fire-sale prices. If you disagree with me put your money where your mouth is and buy.

What do you define as fire-sale prices? I'll offer 0.09 BTC for TyGrr-Bank, 0.95 for TYGRR-P, 0.2 BTC for TyGrr. PM me and I can do it off-market or put up a buy order.

[conspirosphere.tk]

Yes, this product was changed many due to demand. I try to give people what they want.

I do not find serious that you change the contract of a bond after you started to sell it, like I do not find serious that you unilaterally lower more and more your bond interest rate. Currently I am not finding greater suckers available to buy my Tygrr-Bank bonds on sale at 0.1039. 

[Sukrim]

Well, there are even lower offers - if you really want to sell, place a sell offer 1 satoshi above current bids!

[molecular]

Okay I stand corrected, I was using the wrong terms. I will not explain what I was thinking as it is not really important but we are on the same page, and over all the .02  BTC will mean almost nothing. However what is this plan of yours for this island and harem?  I see a new GLBSE listing being worked out very soon!

Heh, personal use only. A publicly traded harem is just another name for a dirty whorehouse.

Edit: On an unrelated note, I see someone bought TYGRR-P @ 1.1BTC. For the life of me I can't figure out why anyone would do that when they can just wait half a week and have Goat fill the order at 1.02BTC.

Maybe that wasn't clear at the time. Or maybe the buyer didn't know this.

There's plenty of people who just throw coins at things. Without even the slightest clue of what they're doing...

Oh, so it's just like in the "real" world? (/me eyes facebook)

[molecular]

Yes, this product was changed many due to demand. I try to give people what they want.

I do not find serious that you change the contract of a bond after you started to sell it, like I do not find serious that you unilaterally lower more and more your bond interest rate. Currently I am not finding greater suckers available to buy my Tygrr-Bank bonds on sale at 0.1039. 

Goat said he'd buy them back for 0.1 which is totally fair and I assume he will do that, so you can get out "unharmed".

In case you bought overpriced, you were speculating on interest rates remaining high, which goat did NOT promise at all (in fact goat stated very early he would adjust rates down based on demand), or you were speculating on finding a greater fool to buy from you at higher price and/or later time. Both speculations have turned out bad.

I do not find serious that you act like you have been betrayed, because you have not.

_{(I hope I didn't misinterpret your post)}

[brendio]

I have not yet been able to change the contract on GLBSE but when I do it will be 6.8%

Yes everyone gets an extra .3%!   Whoo

Nothing like a bit of competition, hey?

Do you think you'll be able to compete with the 7.5 % offered here?

[organofcorti]

I have not yet been able to change the contract on GLBSE but when I do it will be 6.8%

Yes everyone gets an extra .3%!   Whoo

[macboy80]

Forgive me for my lack of understanding. I am interested it this opportunity. I do have a few questions for the op. Do I purchase these bonds on the GLBSE website? Do the dividends just show up in my GLBSE account? If not where? How does one cash out? And finally, has anyone successfully cashed out at full value or 1 BTC?

Thanks in advance.

[Serge]

how many bonds will you be releasing this next round and what time?

[Serge]

assuming dividend payouts go out first, then new bonds in a little while after that?

edit: overall there will be only 7000 bonds released in total, right?

[Timbo925]

Why not sell bonds @ 1 BTC for the 1 BTC face value and if someone want out you will do a buyback for @ 0.98 BTC
Isn't this a way to still give the full 6.8% and you get your fees payed back when ppl want their money back

Just some toughs 

[filharvey]

Buy back is fine, at 1btc especially as I bought at 1btc.

[_mr_e]

I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.

[BinaryMage]

I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.

The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.

The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.

[redbeans2012]

I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.

Nice to see new people getting into the GLBSE.  One of the most awesome things going on in the world. 

[MrTeal]

Do you think you'd be able to do the dividends and buying a little later some time in the future, Goat? 4-6PM makes it pretty early in the morning for everyone in North America (2-4AM PDT, 5-7AM EDT). If you did the dividend payment at 7PM Thai time, that would be in the afternoon for Europe and while it would still be early morning for North American markets at least it wouldn't be 3am.

[John (John K.)]

Do you think you'd be able to do the dividends and buying a little later some time in the future, Goat? 4-6PM makes it pretty early in the morning for everyone in North America (2-4AM PDT, 5-7AM EDT). If you did the dividend payment at 7PM Thai time, that would be in the afternoon for Europe and while it would still be early morning for North American markets at least it wouldn't be 3am.

it will be as soon as pirate wakes up and sends the funds. he is in Texas so it will be morning USA time

if you place a bid at 1.02 it will get filled, i will also have a large amount of asks at 1.03 for anyone late.

thanks

Placed a couple of my bids at 1.02. 

[Rygon]

I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.

The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.

The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.

It's not entirely clear to me when the dividends start. Will it be Tuesday, May 29? And on the same day, more bonds will be sold for a minimum of 1.02?

[Rygon]

I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.

The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.

The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.

It's not entirely clear to me when the dividends start. Will it be Tuesday, May 29? And on the same day, more bonds will be sold for a minimum of 1.02?

Yes, But that is Tuesday evening Thailand Time.

I will pay out .068 as a dividend, then I will sell as many bonds as I need to absorb all bids at or above 1.02

Thanks

Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00.  So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.

Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.

[MrTeal]

Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00.  So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.

Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.

Hush. You're not supposed to tell people that, I'm hoping to pick up a couple more before the bond auction.