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

[EskimoBob]

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.

What is the point of waiting for a month? Halt the trading now, get the shareholders list and move BitVPS out form muppet popesku bazaar for good.

[JWU42]

So we wait another month - lovely...

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

Trading BIB.BVPS on GLBSE?!?

[MPOE-PR]

So we wait another month - lovely...

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

Trading BIB.BVPS on GLBSE?!?

Oh, oops. Right you are.

[Peter Lambert]

What is going on with this?

Are people who had shares on GLBSE going to receive shares on BTCT?

[usagi]

What is going on with this?

Are people who had shares on GLBSE going to receive shares on BTCT?

I had something like 33,848 shares.

[JWU42]

We should be getting an e-mail from BTC-TC with our user/pass and PIN.  Haven't seen it yet...

[Deprived]

What is going on with this?

Are people who had shares on GLBSE going to receive shares on BTCT?

There's two seperate securities.

BitVPS itself - this is relisted on BTC.CO now (by namworld, one of the new owners).  Only way you'll get shares in that in the immediate future is if you held shares in the original BitVPS on MPEx - and you'll have to present namworld with the GPG signed statement of ownership to do that.

This pass-through this thread is for was listed on GLBSE.  Namworld has no way of knowing who had shares in it - only brendio would know that (if he got the list from nefario).  For you to get shares in namworld's listing on BTC.CO a few things would need to happen:

1.  Brendio prove to Namworld ownership of the underlieing MPEx shares and be allocated shares in namworld's new IPO.
2.  Brendio decide to close the pass-through and transfer to you namworld's shares equivalent to your holding in it.

Whether he'll do that or not I have no idea - but you definitely WON'T be getting auto emails from BTC.CO any time soon.  And you won't get anything at all unless brendio shows up - namworld has no idea who owned shares in the pass-through and wouldn't be expected to do anything about it anyway unless/until brendio shows proof that he actually held BitVPS shares on MPEx (if brendio was selling naked shares then that's in no way the problem of namworld - as the pass-through is only a contract between investors and brendio with BitVPS uninvolved other than some of their shares being held to back the issue).

[Namworld]

Ah, thanks Deprived.

Brendio will indeed need to sign a statement with the key associated to his share. He will be given share on BTCT.co upon doing this. Until then, I can't currently know if he has any shares at all.

He may then transfer those to your BTCT.co account. We don't know of GLBSE accounts ourselves.

[Peter Lambert]

What is going on with this?

Are people who had shares on GLBSE going to receive shares on BTCT?

There's two seperate securities.

BitVPS itself - this is relisted on BTC.CO now (by namworld, one of the new owners).  Only way you'll get shares in that in the immediate future is if you held shares in the original BitVPS on MPEx - and you'll have to present namworld with the GPG signed statement of ownership to do that.

This pass-through this thread is for was listed on GLBSE.  Namworld has no way of knowing who had shares in it - only brendio would know that (if he got the list from nefario).  For you to get shares in namworld's listing on BTC.CO a few things would need to happen:

1.  Brendio prove to Namworld ownership of the underlieing MPEx shares and be allocated shares in namworld's new IPO.
2.  Brendio decide to close the pass-through and transfer to you namworld's shares equivalent to your holding in it.

Whether he'll do that or not I have no idea - but you definitely WON'T be getting auto emails from BTC.CO any time soon.  And you won't get anything at all unless brendio shows up - namworld has no idea who owned shares in the pass-through and wouldn't be expected to do anything about it anyway unless/until brendio shows proof that he actually held BitVPS shares on MPEx (if brendio was selling naked shares then that's in no way the problem of namworld - as the pass-through is only a contract between investors and brendio with BitVPS uninvolved other than some of their shares being held to back the issue).

Thanks, that is kinda what I thought was going on.

Brendio: Could you give an update? Seems that the simplest thing to do would be to claim the shares from MPEx/BTCT and just transfer each pass-through holder shares on BTCT? There is not really any reason to continue the pass-through now that the underlying security is moved from MPEx to BTCT.

[Peter Lambert]

Any update here?

[usagi]

Any update here?

I actually just sent him an e-mail. He is active on his social accounts, but not here in bitcoinland. We'll see.

[EskimoBob]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

[usagi]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

I just checked my records. I had 33,848 shares, At last traded price, right now on BTC-TC, that's worth 148.9 BTC.

As you know I need that money back very badly to pay back NYAN.A investors. I would of course make the entire payment immediately upon receipt. I am sure you and other NYAN.A investors would love that.

You will be happy to know that brendio replied to me today and told me he has been busy because his home was hit by several tornadoes and there was a lot of flooding so he has been cleaning mud out of people's houses. So at least he is still around. he told me he would write a multipayment script and work out how to transfer shares on BTC-TC.

I am so happy i can get those shares, it means another big payment will be made on NYAN.A soon.

[EskimoBob]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

I just checked my records. I had 33,848 shares, At last traded price, right now on BTC-TC, that's worth 148.9 BTC.

As you know I need that money back very badly to pay back NYAN.A investors. I would of course make the entire payment immediately upon receipt. I am sure you and other NYAN.A investors would love that.

You will be happy to know that brendio replied to me today and told me he has been busy because his home was hit by several tornadoes and there was a lot of flooding so he has been cleaning mud out of people's houses. So at least he is still around. he told me he would write a multipayment script and work out how to transfer shares on BTC-TC.

I am so happy i can get those shares, it means another big payment will be made on NYAN.A soon.

How's the mud business? It's March now and still nothing.

[Peter Lambert]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

Anybody heard from Brendio? Could Namworld give any information on the status of this situation?

[usagi]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

Anybody heard from Brendio? Could Namworld give any information on the status of this situation?

Burnside should probably lock brendio's account. I asked him to do this a couple of weeks ago but he just told me to talk to namworld about it :/

[Namworld]

His shares remains untouched until now.

Seems he hasn't done anything with it.

[Peter Lambert]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

Anybody heard from Brendio? Could Namworld give any information on the status of this situation?

Burnside should probably lock brendio's account. I asked him to do this a couple of weeks ago but he just told me to talk to namworld about it :/

His shares remains untouched until now.

Seems he hasn't done anything with it.

I is better to do something to stop him running off with the money before he tries to do so ...

[burnside]

He has claimed his shares according to Namworld.
So, when can this be cleared up?

Anybody heard from Brendio? Could Namworld give any information on the status of this situation?

Burnside should probably lock brendio's account. I asked him to do this a couple of weeks ago but he just told me to talk to namworld about it :/

His shares remains untouched until now.

Seems he hasn't done anything with it.

I is better to do something to stop him running off with the money before he tries to do so ...

The problem is that to lock his account I'd also have to lock him out of all of his shares on other assets.  Plus even if he put up all the shares for sale, there's not enough bids up to gain much.  Historically he's been fairly responsible, so it was decided to ask Brendio if we could just get a copy of the shareholder list so that we could transition shares around as necessary on his behalf.  It gives him an easy (no work on his part) way out.

Cheers.

[starsoccer9]

so what exactly is the latest as i kinda want to know what is happening with my shares