[GLBSE] BIB.BVPS - Invest in BitVPS through GLBSE - BIB depositary receipts

[brendio]

How many shares are you offering at the IPO?

I will be issuing 70,000 depositary receipts. Of these, the Bitcoin Investment Bank will retain a long standing investment of around 20,000 and 27,680 will be transferred to an investor currently holding BitVPS shares through my brokerage service. That leaves just over 20,000 shares to be offered for sale upon listing.

Hello Brendio and friends;

Can someone please tell me how many shares of BitVPS are outstanding on MPOE? I am looking to buy more shares on the GLBSE but I would like to get some figures to run through my spreadsheets. Thanks.

IPO details can be found here: http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS

Answer: 1 million shares.

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[EskimoBob]

Copy, just to be sure it is available for later

tl;dr: The Bitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts allow investors on GLBSE to invest in BitVPS. Each depositary receipt represents one share of the underlying S.BVPS BitVPS shares on MPEx.


Contract

Bitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts

Ticker: BIB.BVPS

1. Holdings: Each (1) depositary receipt (BIB.BVPS) represents an investment in one (1) share of the underlying security BitVPS, trading under the ticker S.BVPS on MPEx.

2. Dividends: The holder of a depositary receipt is entitled to the dividends of the underlying securities.

3. Audited accounts: At all times, holdings in BIB.BVPS shall be backed by holdings of S.BVPS shares by BIB's authorised representative. BIB.BVPS securities may be issued or bought back and cancelled at any time, such that at all times all outstanding BIB.BVPS securities are backed by the underlying S.BVPS security in the ratio stated in clause 1. GPG-signed account statements shall be provided by BIB's authorised representative to a third-party auditor to verify that BIB.BVPS are indeed backed by the underlying securities.

4. Liquidation rights: In the event of liquidation of BitVPS, proceeds of liquidation shall be distributed holders of depositary receipts by either a dividend or a buy-back offer by BIB.

5. Terms of the BVPS shares: Investors should familiarise themselves with the IPO agreement for BitVPS published at http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS before making an investment decision. BIB does not guarantee the investment performance or credit worthiness of BitVPS.

6. BIB is in no way associated with BitVPS and no representation is intended or implied. Rapeghost (rg) was contacted prior to issue and has expressed no concerns about this offer.

Have you received the list form James?

[handytxg]

any news how to claim the shares?? thank you

[EskimoBob]

Brendino, what's up with this silent treatment and lurking?
We put our trust in you, did you forget that? You get paid for that and now you are holding our dividends. 
You have the list, what is your plan getting this mess cleared up?

[JWU42]

I believe he did get shareholder info from GLBSE earlier in December...

[EskimoBob]

This is starting to stink like another scam.

Lets see now

The Bitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts allow investors on GLBSE to invest in BitVPS. Each depositary receipt represents one share of the underlying S.BVPS BitVPS shares on MPEx.


Contract

Bitcoin Investment Bank (BIB) BitVPS GLBSE Depositary Receipts

Ticker: BIB.BVPS

1. Holdings: Each (1) depositary receipt (BIB.BVPS) represents an investment in one (1) share of the underlying security BitVPS, trading under the ticker S.BVPS on MPEx.

brendio is hiding and is not responding to PM's. He has not published any information nor has he transferred the shares to any new exchange (or bought back the shares).

2. Dividends: The holder of a depositary receipt is entitled to the dividends of the underlying securities.

I have not seen ANY dividends after GLBSE closed. He has the shareholders contact information

3. Audited accounts: At all times, holdings in BIB.BVPS shall be backed by holdings of S.BVPS shares by BIB's authorised representative. BIB.BVPS securities may be issued or bought back and cancelled at any time, such that at all times all outstanding BIB.BVPS securities are backed by the underlying S.BVPS security in the ratio stated in clause 1. GPG-signed account statements shall be provided by BIB's authorised representative to a third-party auditor to verify that BIB.BVPS are indeed backed by the underlying securities.

Unknown. No known way to verify.

4. Liquidation rights: In the event of liquidation of BitVPS, proceeds of liquidation shall be distributed holders of depositary receipts by either a dividend or a buy-back offer by BIB.

5. Terms of the BVPS shares: Investors should familiarise themselves with the IPO agreement for BitVPS published at http://polimedia.us/bitcoin/mpex.php?mpsic=S.BVPS before making an investment decision. BIB does not guarantee the investment performance or credit worthiness of BitVPS.

He has not published any information nor has he transferred the shares to any new exchange (or bought back the shares).

6. BIB is in no way associated with BitVPS and no representation is intended or implied. Rapeghost (rg) was contacted prior to issue and has expressed no concerns about this offer.

As of now, he has kept all the dividends
He has not contacted any of the share holders (do you know any?)
He has not made any announcements of his plans.
Has not distributed any dividends received from mpwx
Has not bought back the share.

brendio has failed on 5 out of 6 in his contract....

[Kluge]

Texted Brendio.

[brendio]

Dear BIB.BVPS DR holders,

Following the disorderly demise of GLBSE, we have now been provided with a list of depositary receipt holders for BIB.BVPS. There are some discrepancies in the data, but in the absence of more reliable data and given the wish for a timely conclusion to the uncertainty we are prepared to proceed on the basis of the data provided.

I do not believe that having all assets of a user pay out to the one bitcoin address is the best practise, and so wish to give holders the opportunity to change their payout address provided they can satisfy me that they are in control of the bitcoin address or email address in the list provided.

Users will have until January 19 to change their payout address. Following this, accrued dividend payments will be sent.

A further announcement will be made in due course with arrangements for those who wish to exit their investment. Currently, there is no plan to relist elsewhere.

Regards,
Brendio.

[EskimoBob]

Dear BIB.BVPS DR holders,

Following the disorderly demise of GLBSE, we have now been provided with a list of depositary receipt holders for BIB.BVPS. There are some discrepancies in the data, but in the absence of more reliable data and given the wish for a timely conclusion to the uncertainty we are prepared to proceed on the basis of the data provided.

I do not believe that having all assets of a user pay out to the one bitcoin address is the best practise, and so wish to give holders the opportunity to change their payout address provided they can satisfy me that they are in control of the bitcoin address or email address in the list provided.

Users will have until January 19 to change their payout address. Following this, accrued dividend payments will be sent.

A further announcement will be made in due course with arrangements for those who wish to exit their investment. Currently, there is no plan to relist elsewhere.

Regards,
Brendio.

Welcome back

Please e-mail me and I'll send you a new BTC address for the missing dividends.   
If you want, I can sign a message with my BTC address to confirm, it sure is me.

BTW, there is another option. Maybe someone can take it over from you and relist it on btct.co or bitfunder?
I am not going to sign up to that horribly overpriced bazaar run by pompous gypsy scumbag.

[brendio]

Please e-mail me and I'll send you a new BTC address for the missing dividends.   
If you want, I can sign a message with my BTC address to confirm, it sure is me.

BTW, there is another option. Maybe someone can take it over from you and relist it on btct.co or bitfunder?
I am not going to sign up to that horribly overpriced bazaar run by pompous gypsy scumbag.

I already emailed holders right before I posted here.

[rini17]

Brendio, CoinBr.com hereby offers a possibility to help with BIB.BVPS claims - by converting them into S.BVPS holdings on CoinBr accounts. First BTC withdrawal would be free of charge (for customers that want just to liquidate). This is only a preliminary offer, for it to realize Brendio must decide.

Advantages are clear - CoinBr unburdens you from the claims/payout process and users will be able to sell their holdings directly at market prices, or further keep them as they wish.

[brendio]

Brendio, CoinBr.com hereby offers a possibility to help with BIB.BVPS claims - by converting them into S.BVPS holdings on CoinBr accounts. First BTC withdrawal would be free of charge (for customers that want just to liquidate). This is only a preliminary offer, for it to realize Brendio must decide.

Advantages are clear - CoinBr unburdens you from the claims/payout process and users will be able to sell their holdings directly at market prices, or further keep them as they wish.

Could holders please post or IM if you are interested in this offer. I am prepared to offer this option it if there is sufficient interest.

[EskimoBob]

Brendio, CoinBr.com hereby offers a possibility to help with BIB.BVPS claims - by converting them into S.BVPS holdings on CoinBr accounts. First BTC withdrawal would be free of charge (for customers that want just to liquidate). This is only a preliminary offer, for it to realize Brendio must decide.

Advantages are clear - CoinBr unburdens you from the claims/payout process and users will be able to sell their holdings directly at market prices, or further keep them as they wish.

Could holders please post or IM if you are interested in this offer. I am prepared to offer this option it if there is sufficient interest.

Sound OK to me if there is a way out without getting ripped off by broker fees. 

[EskimoBob]

Any news? I like to rid my self from this crap ASAP.

[JWU42]

Waiting patiently 

[EskimoBob]

Any relevant comments on this announcement, so nicely hidden at the end of a dead thread?
https://bitcointalk.org/index.php?topic=76506.msg1457231#msg1457231

[rini17]

Any relevant comments on this announcement, so nicely hidden at the end of a dead thread?
https://bitcointalk.org/index.php?topic=76506.msg1457231#msg1457231

Obviously this makes prospect of migrating to CoinBr moot. And why the new BitVPS owners Namworld & co. are not releasing any statement in this situation, is beyond me.

[Namworld]

Well I released an answer today, same day it was posted. I can't be around 24/7 unfortunately. brendio will be able to claim the shares once we get a list one month from now, as announced by MPEx.

[JWU42]

So we wait another month - lovely...

[MPOE-PR]

So we wait another month - lovely...

The symbol isn't locked, shares can be traded freely as it is.