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Author Topic: [GLBSE] BitDayTrade A fixed interest bond of 3% per week!  (Read 4626 times)
DeaDTerra
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June 21, 2012, 02:34:46 PM
 #1

A situation has dawned in which some information not previously known to me has come up, hence for no I am steeping back from this project and from this IPO. It no longer has my support or my encouragement behind it until some things has been cleared up, really sorry to all the investors and that I had to go back on my words (which I try to never do) but in this case it was necessary.
//DeaDTerra
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unclescrooge
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June 21, 2012, 02:39:12 PM
 #2

Great news, and great expected profit.

The link to the google docs seems to be broken (it points toward an untitled document, not sure where the problem comes from).

Looking forward the IPO Smiley
Raphy

DeaDTerra
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June 21, 2012, 02:43:33 PM
 #3

Great news, and great expected profit.

The link to the google docs seems to be broken (it points toward an untitled document, not sure where the problem comes from).

Looking forward the IPO Smiley
Raphy
Thank you, seems like I screwed up with the link. It should be fixed now Smiley
//DeaDTerra
bitlane
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June 21, 2012, 02:57:54 PM
 #4

GLBSE Link ?

John (John K.)
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June 21, 2012, 03:03:56 PM
 #5

I suggest you change the permissions on the Google Doc before it's too late.  Wink

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June 21, 2012, 03:04:42 PM
 #6

GLBSE Link ?
It will be linked in a couple of minutes Smiley, The issuer is waiting on the 6 confirms on the 8 BTC Tongue
//DeaDTerra
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June 21, 2012, 03:05:09 PM
 #7

I suggest you change the permissions on the Google Doc before it's too late.  Wink
Thanks for the warning it will be done asap Tongue
//DeaDTerra
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June 21, 2012, 03:40:53 PM
 #8

Hi

Just the normal question that's normally asked. What insurances are there that if things do not go to plan that I will get my initial investment back?

Thanks
DeaDTerra
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June 21, 2012, 04:10:54 PM
 #9

Hi

Just the normal question that's normally asked. What insurances are there that if things do not go to plan that I will get my initial investment back?

Thanks
Please see the message,
https://bitcointalk.org/index.php?topic=88902.msg979814#msg979814
Regarding my current position.
//DeaDTerra
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June 21, 2012, 04:14:59 PM
 #10

Hi

Just the normal question that's normally asked. What insurances are there that if things do not go to plan that I will get my initial investment back?

Thanks
Hello,
The issuer Alberto has several companies and enough capital/assets to ensure that this bond gets paid according to the contract.
I ensure you that even if the company doesn't go well the bonds will still be paid Smiley
//DeaDTerra

Ok 1 more thing



Could not resist
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June 21, 2012, 04:21:31 PM
 #11

Hi

Just the normal question that's normally asked. What insurances are there that if things do not go to plan that I will get my initial investment back?

Thanks
Hello,
The issuer Alberto has several companies and enough capital/assets to ensure that this bond gets paid according to the contract.
I ensure you that even if the company doesn't go well the bonds will still be paid Smiley
//DeaDTerra

Ok 1 more thing



Could not resist

I was just thinking this as I PM'ed DT.  Grin

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June 21, 2012, 05:15:48 PM
 #12

The issuer has the right to buy back,at any time, all bonds issued for twice the price of the previous 120 hour average market price.

Why not a clause like "either twice the price of the previous 120 hour average market price or 0.103 BTC, whatever is higher"? Otherwise you have a strong motivation to dump share prices after some time, keep it down for 120 hours and then buy back cheaply. Also if you say 3% interest, you mean 3% of 0.1 BTC which is the value of each share. It would only make sense that you can buy them back for that price too (at a small premium maybe) and neither overpriced (twice the price) nor under the face value.

Also please include a clause how you'd handle expansions of that bond (let's say you want to issue 10000 more bonds) - at which price will they get into the market and will you pre-announce this?

Also the usual:
Current pirate exposure? Any planned future pirate exposure?

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June 21, 2012, 05:20:09 PM
 #13

The issuer has the right to buy back,at any time, all bonds issued for twice the price of the previous 120 hour average market price.

Why not a clause like "either twice the price of the previous 120 hour average market price or 0.103 BTC, whatever is higher"? Otherwise you have a strong motivation to dump share prices after some time, keep it down for 120 hours and then buy back cheaply. Also if you say 3% interest, you mean 3% of 0.1 BTC which is the value of each share. It would only make sense that you can buy them back for that price too (at a small premium maybe) and neither overpriced (twice the price) nor under the face value.

Also please include a clause how you'd handle expansions of that bond (let's say you want to issue 10000 more bonds) - at which price will they get into the market and will you pre-announce this?

Also the usual:
Current pirate exposure? Any planned future pirate exposure?

I second this!

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June 21, 2012, 05:30:29 PM
 #14

What about about possible BTC price increase. Will you still able to pay 3% per week in BTC let's say a year later?

I second that question about buyback price. Rather do it like Goat does in his Tyggr-bond-B. This is too risky for investors as well as for you possibly too.
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June 22, 2012, 12:00:27 AM
 #15

Hi,

Developer of the site here, i would like to ensure everyone that all payments will be honored and the platform already started to be profitable. Of course volumes need to grow, but the profit generation mechanism is proven. Additionally we will be adding Bitcoin margin trading in the next 12 hours as an additional profit driver. Thanks anyone for watching, questions and feedbacks are welcome.

Alberto Armandi

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June 22, 2012, 02:04:14 AM
 #16

Nice. Will be getting a few of these  Smiley

nave
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June 22, 2012, 02:35:58 AM
 #17

The issuer has the right to buy back,at any time, all bonds issued for twice the price of the previous 120 hour average market price.

Why not a clause like "either twice the price of the previous 120 hour average market price or 0.103 BTC, whatever is higher"? Otherwise you have a strong motivation to dump share prices after some time, keep it down for 120 hours and then buy back cheaply. Also if you say 3% interest, you mean 3% of 0.1 BTC which is the value of each share. It would only make sense that you can buy them back for that price too (at a small premium maybe) and neither overpriced (twice the price) nor under the face value.

Also please include a clause how you'd handle expansions of that bond (let's say you want to issue 10000 more bonds) - at which price will they get into the market and will you pre-announce this?

Also the usual:
Current pirate exposure? Any planned future pirate exposure?

Curious about these questions as well.

And subbed.
friedcat
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June 22, 2012, 04:06:05 AM
 #18

It will be a nice investment opportunity for GLBSE investors if it's fully worked out.

But there are something that's not included in the google doc page. That is, I don't know which one of the following is true.

1. Alberto is the sole owner of BitDayTrade. Only he is responsible of repaying. You are the investment bank/PR for him.

2. Both Alberto and you own some shares of BitDayTrade. You are partly responsible for this bond.

I have to ask because it does make a lot of difference.

Tachikoma
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June 22, 2012, 04:05:36 PM
 #19

I might have missed it but when is the IPO?

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RaggedMonk
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June 22, 2012, 05:18:21 PM
 #20

Please include a link to your GLBSE page in OP.
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