[GLBSE] Bitcorp Mining Company - BTCMC 60+ GH/s, clear ASIC upgrade path.

[yochdog]

I sent my info in on the 6th Dec & got this reply "Thank you.  Keep an eye on the thread for more info, and we should have this resolved in the next 2 weeks. "

It's now 4 weeks & even allowing for the holidays some update should be given as to why this is taking over twice as long as planned.

I have received 3 different lists and am attempting to cross reference and verify which listings are accurate. 

[1713577642]

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[1713577642]

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[1713577642]

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[DeaDTerra]

I sent my info in on the 6th Dec & got this reply "Thank you.  Keep an eye on the thread for more info, and we should have this resolved in the next 2 weeks. "

It's now 4 weeks & even allowing for the holidays some update should be given as to why this is taking over twice as long as planned.

I have received 3 different lists and am attempting to cross reference and verify which listings are accurate. 

You should have received a "final" list from Nefario, This is the list containing all the info in his database this should be your reference list.
//DeaDTerra

[yochdog]

I sent my info in on the 6th Dec & got this reply "Thank you.  Keep an eye on the thread for more info, and we should have this resolved in the next 2 weeks. "

It's now 4 weeks & even allowing for the holidays some update should be given as to why this is taking over twice as long as planned.

I have received 3 different lists and am attempting to cross reference and verify which listings are accurate. 

You should have received a "final" list from Nefario, This is the list containing all the info in his database this should be your reference list.
//DeaDTerra

Like I said, I have several in hand, including the one he claims in Final.

I have confirmed the majority of the persons on the list, but am still hoping a few stragglers get their info in soon. 

Once we hit 80%, accrued dividends will be paid out and the claims process will be closed. 

Subsequent to that, once ASIC mining begins in earnest a new dividend policy will be established to fit the new realities of mining. 

[DeaDTerra]

I sent my info in on the 6th Dec & got this reply "Thank you.  Keep an eye on the thread for more info, and we should have this resolved in the next 2 weeks. "

It's now 4 weeks & even allowing for the holidays some update should be given as to why this is taking over twice as long as planned.

I have received 3 different lists and am attempting to cross reference and verify which listings are accurate. 

You should have received a "final" list from Nefario, This is the list containing all the info in his database this should be your reference list.
//DeaDTerra

Like I said, I have several in hand, including the one he claims in Final.

I have confirmed the majority of the persons on the list, but am still hoping a few stragglers get their info in soon. 

Once we hit 80%, accrued dividends will be paid out and the claims process will be closed. 

Subsequent to that, once ASIC mining begins in earnest a new dividend policy will be established to fit the new realities of mining. 

This list should contain all the same people as the previous versions but also the people who haven't claimed and who haven't paid the double payment.
If it doesn't then somethings wrong with that list.
Okay good
//DeaDTerra

[yochdog]

Update for all shareholders:

I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims.  No changes to this address will be allowed. 

No balance sheet will be presented at this time, as it will be useless with the massive changes that are inevitably coming in the next 2-3 weeks.  Once ASIC's hit, and a decision is made on what to do with our GPU's, informative financial statements will be provided. 

[rdponticelli]

What was the total float of shares?

[yochdog]

What was the total float of shares?

There are 10,000 shares outstanding. 

[Otoh]

"Once we hit 80%, accrued dividends will be paid out and the claims process will be closed."

'I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims."

So now it's wait another 3 weeks, doesn't really surprise me any more how this is panning out & I still think that Nov & subsequent dividends should not be marked as suspended & zero but actually shown as owed & put aside in a specific public address rather than just deciding unilaterally to hang on to them after they became due.

[yochdog]

"Once we hit 80%, accrued dividends will be paid out and the claims process will be closed."

'I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims."

So now it's wait another 3 weeks, doesn't really surprise me any more how this is panning out & I still think that Nov & subsequent dividends should not be marked as suspended & zero but actually shown as owed & put aside in a specific public address rather than just deciding unilaterally to hang on to them after they became due.

What is God's name are you talking about?  There were no subsequent dividends after Nov.  Should i just create some?

Dividends have always been on the first of the month, and that will not change. 

[Otoh]

"Once we hit 80%, accrued dividends will be paid out and the claims process will be closed."

'I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims."

So now it's wait another 3 weeks, doesn't really surprise me any more how this is panning out & I still think that Nov & subsequent dividends should not be marked as suspended & zero but actually shown as owed & put aside in a specific public address rather than just deciding unilaterally to hang on to them after they became due.

What is God's name are you talking about?  There were no subsequent dividends after Nov.  Should i just create some?

Dividends have always been on the first of the month, and that will not change.  

Oct 2012 due 1st Nov 2012, we have to wait 3 more weeks for, even though you said it would be paid when 80% of the claims were in & they are.
Nov 2012 due 1st Dec 2012, but was cancelled on the 6th Dec without any consultation or vote by the share owners.
Dec 2012 would have been due 1st Jan 2013, but also now just being held by you & not paid out without stating how much was earned/due.

Jan 2013 due 1st Feb 2013, you plan to just hang on to that too it seems.

so it goes...

Edit: the only reason there are no subsequent dividends after Nov is that you just decided unilaterally to stop paying any & instead to hold on to any btc that have been earned.

[yochdog]

"Once we hit 80%, accrued dividends will be paid out and the claims process will be closed."

'I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims."

So now it's wait another 3 weeks, doesn't really surprise me any more how this is panning out & I still think that Nov & subsequent dividends should not be marked as suspended & zero but actually shown as owed & put aside in a specific public address rather than just deciding unilaterally to hang on to them after they became due.

What is God's name are you talking about?  There were no subsequent dividends after Nov.  Should i just create some?

Dividends have always been on the first of the month, and that will not change.  

Oct 2012 due 1st Nov 2012, we have to wait 3 more weeks for, even though you said it would be paid when 80% of the claims were in & they are.
Nov 2012 due 1st Dec 2012, but was cancelled on the 6th Dec without any consultation or vote by the share owners.
Dec 2012 would have been due 1st Jan 2013, but also now just being held by you & not paid out without stating how much was earned/due.

Jan 2013 due 1st Feb 2013, you plan to just hang on to that too it seems.

so it goes...

Edit: the only reason there are no subsequent dividends after Nov is that you just decided unilaterally to stop paying any & instead to hold on to any btc that have been earned.

I own the super majority of the shares.  I do not need to consult or take a vote to make any decision, as I whichever way I vote wins. 

The earnings are being retained by the company in order to make the best decision in regards to ASIC and other investment.  Paying out further dividends at this point would be foolish as it would drain capital that could potentially be better utilized once the ASIC picture clears up. 

[Indemnified]

"Once we hit 80%, accrued dividends will be paid out and the claims process will be closed."

'I have verified 80%+ of shareholders.  On February 1st, the dividends held in trust (150 BTC) will be paid out to verified shareholders to the address submitted with their claims."

So now it's wait another 3 weeks, doesn't really surprise me any more how this is panning out & I still think that Nov & subsequent dividends should not be marked as suspended & zero but actually shown as owed & put aside in a specific public address rather than just deciding unilaterally to hang on to them after they became due.

What is God's name are you talking about?  There were no subsequent dividends after Nov.  Should i just create some?

Dividends have always been on the first of the month, and that will not change.  

Oct 2012 due 1st Nov 2012, we have to wait 3 more weeks for, even though you said it would be paid when 80% of the claims were in & they are.
Nov 2012 due 1st Dec 2012, but was cancelled on the 6th Dec without any consultation or vote by the share owners.
Dec 2012 would have been due 1st Jan 2013, but also now just being held by you & not paid out without stating how much was earned/due.

Jan 2013 due 1st Feb 2013, you plan to just hang on to that too it seems.

so it goes...

Edit: the only reason there are no subsequent dividends after Nov is that you just decided unilaterally to stop paying any & instead to hold on to any btc that have been earned.

I own the super majority of the shares.  I do not need to consult or take a vote to make any decision, as I whichever way I vote wins. 

The earnings are being retained by the company in order to make the best decision in regards to ASIC and other investment.  Paying out further dividends at this point would be foolish as it would drain capital that could potentially be better utilized once the ASIC picture clears up. 

I agree on both points (it is the best decision - and you have the majority vote anyway).

[speeder]

Although I only today remembered to claim my shares back

If I still have them... I might say that I agree with your decision.

[BitSense Informatics]

yochdog,

I've tried PM-ing and emailing you guys.  What is the process for getting my shares off of GLBSE and transferred over to you, I haven't received any communication regarding this, and it sounds like a list of shareholders from GLBSE is currently in the process of moving forward.

thanks.

[yochdog]

yochdog,

I've tried PM-ing and emailing you guys.  What is the process for getting my shares off of GLBSE and transferred over to you, I haven't received any communication regarding this, and it sounds like a list of shareholders from GLBSE is currently in the process of moving forward.

thanks.

Hey, sorry Bitsense.  I have received your info and all is well.

Just been swamped elsewhere and overlooked your PM. 

[BitSense Informatics]

Great, thank you!

[DiabloD3]

Hey yochdog, please do an assets statement on Feb 1st. I'd like to know where we stand on the ASICs fund.

[speeder]

I reiterate D3 request.

Also I sent you more e-mail.

* shakes fist at nefario *

[yochdog]

Hello all,

Quick update:  I am out of the office, and will not be back until Monday (I thought I would return tomorrow).  Thus, I will not be in a position to send out dividends until Monday.  I have finalized the list of holders, and have all payment addresses ready to roll. 

Payments will go out no later than 5:00 EST on Monday, Feb. 4th

I am also working on a balance sheet to present by the end of next week for review. 

-cheers

[yochdog]

All dividends owed have been paid this morning to verified shareholders.

An updated balance sheet will be presented soon.....we have to make some adjustments for depreciation on the GPU miners.