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farfiman
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July 13, 2012, 06:42:28 AM
 #41

Yarr!

Response has been phenomenal, thank you. We are now balanced at 500 shares.

No new shares will be issued at IPO price for the remainder of the month. There will be no exceptions.

New shares will be issued next month on or after August 1st at a time to be announced. I will lock this thread in 72 hours.

Thank you one and all! We love you, we love you every day.

Smiley

edit: or did someone sell them back to you?

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
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Sukrim
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July 13, 2012, 07:49:56 AM
 #42

He wrote "at IPO price", not "none at all".

What was the IPO price by the way?
I'd still be interested in paying in various PPT shares instead of BTC (maybe at a premium? 11 TYGRR.BOND-P for 10 YARR or even 6 for 5) since liquidating them just because I might be able to get some YARR shares (which with all these bots around might likely be sniped away from me) would be quite costly...

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Bitcoin Oz
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July 13, 2012, 10:54:07 AM
 #43

I just have to say I have some YARR shares and dividends have been paid every day without fail.

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July 13, 2012, 03:43:42 PM
 #44

What was the IPO price by the way?

I think it was supposed to be 1.3, but the first several trades were at 1.28. 

It looks like only 130 shares have been sold in the past hour and 45 mins (since 2 PM UTC / 10 AM Eastern).  Where are the other 220?

bitcoiners
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July 14, 2012, 04:47:39 AM
 #45

sdfssd
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July 15, 2012, 07:28:24 AM
 #46

I love this idea, and am trying to build a position in your company. I don't have a ton of money, but would love to buy 20-25 shares even at market prices. Thanks so much for setting up the company.

Looking for safe diversification? YABIF: Good Returns, Low Fees, Low Risk.

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Bitcoin Oz
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July 16, 2012, 01:55:23 AM
 #47

I love me some YARR shares  Cheesy


puffn
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July 16, 2012, 06:06:01 AM
 #48

Usagi, did you intend to increase dividends to 7 percent per week, or was you payout on today a mistake?

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July 16, 2012, 02:38:43 PM
 #49

What was the IPO price by the way?

I think it was supposed to be 1.3, but the first several trades were at 1.28. 

It looks like only 130 shares have been sold in the past hour and 45 mins (since 2 PM UTC / 10 AM Eastern).  Where are the other 220?

Sold privately to people on IRC.

There's 27 shares left. Depending on how I handle the influx I could sell a few hundred more. But this is a tricky business, at some point I have to stop selling shares for a considerable length of time and I am trying to wrap my head around the best way to do that. Please contact me in PM or on IRC if you are interested in YARR shares going forward. I will keep a small amount up on the market if I can.

Can I buy 7 of those 27 left? Smiley

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July 16, 2012, 03:08:15 PM
 #50

Can I buy shares through you directly, or must I go through GLBSE?

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July 16, 2012, 11:50:43 PM
 #51

Can I buy shares through you directly, or must I go through GLBSE?

For convenience sake, I suggest you buy through the GLBSE. However if you really want to hold your shares with me offline, it's possible. Please send me a PM and I can set up a deposit address for you.

Thanks and good luck~

Send you a PM Smiley

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unclescrooge
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July 25, 2012, 08:52:01 AM
 #52

Same terms? 6% a week?

gnar1ta$
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July 26, 2012, 05:38:30 PM
 #53

usagi, will you be selling any more shares privately outside of GLBSE?

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July 26, 2012, 06:20:10 PM
 #54

Hello!

I am happy to announce the availability of 1,500 shares of YARR.

These shares will be sold into the bid at precisely 2pm UTC, August 1st.

This is 11pm in Japan and 10am in Eastern Time.

Gentlemen please place your bids!

What price will they be released at?
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July 26, 2012, 06:57:57 PM
 #55


These shares will be sold into the bid
What price will they be released at?

There is not a fixed price. He just sell 1500 shares to the existing at that time bids. Some of them will be sold for 1.5 btc, other 1.4-3, third part will hit 1.2, etc.

Moving on is a simple thing,
what it leaves behind is hard...
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July 26, 2012, 07:36:38 PM
 #56


These shares will be sold into the bid
What price will they be released at?

There is not a fixed price. He just sell 1500 shares to the existing a that time bids. Some of them will be sold for 1.5 btc, other 1.4-3, third part will hit 1.2, etc.

Ah, Thanks.
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July 26, 2012, 09:56:44 PM
 #57

Hello!

I am happy to announce the availability of 1,500 shares of YARR.

These shares will be sold into the bid at precisely 2pm UTC, August 1st.

This is 11pm in Japan and 10am in Eastern Time.

Gentlemen please place your bids!

What's the minimum price the shares will be sold for?

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mcris444
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July 27, 2012, 01:11:31 AM
 #58

What's the minimum price the shares will be sold for?

I am constantly suprised by how the market is valuing YARR. People are buying YARR for 1.90 now. But when you think about it, it makes sense: at 1.90, YARR still represents 3.2% interest per week which is one of the best deals out there -- and it's insured. I guess that's why people are paying through the nose to get it.

At this point, I have absolutely no idea what I am going to do. The market is telling me I should sell at 1.70 and up. Why would I sell at 1.30 when people would pay 1.40 gladly? and so forth. So, I really don't know what price they will sell at. If I can get 1.70 per bond obviously I will do that than 1.50 or 1.60.

As for selling shares privately it turns out doing that isn't necessary. One person wants to buy all the YARR shares(!) in fact a couple of people have approached me with huge orders -- 100 coins, 500 coins, etc. I just can't keep up with all this. So I'll sell it on the market only. No more private deals. Sorry!


In that case, you may want to make it more than 1500...
The insurance is a huge selling point.
nimda
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July 27, 2012, 03:18:51 AM
 #59

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
unclescrooge
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July 27, 2012, 08:51:11 AM
 #60

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

+1

1.9 seems a bit high for me.

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