Jtme

[Francesco]

Great how you handled the Pirate thing.

But now... next payment is the 8°, so, you will start getting paid on your shares. Fair enough, but, how many do you hold? Does this mean all the 7000 shares issued will be paid? Since now it's 2,1% over little more than 500 shares, interest would go to 0,15% if the number of "effective" shares is multiplied by 14.

[1713556630]

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[1713556630]

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[1713556630]

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[Shadow383]

Check it out, we're in 7th!

http://stochastically.com/

Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalk.org/index.php?topic=79637.msg1157524#msg1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here 

[Rathian]

Check it out, we're in 7th!

http://stochastically.com/

Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalk.org/index.php?topic=79637.msg1157524#msg1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here 

As a small holder I'd second taking a look and considering them! 

[Shadow383]

Check it out, we're in 7th!

http://stochastically.com/

Not bad!
I'm holding a few of your shares, 2.3% per week for a scheme that's not an elaborate ponzi is pretty good!

By the by, what do you think of this:
https://bitcointalk.org/index.php?topic=79637.msg1157524#msg1157524

Could be worth acquiring one or two to reduce your exposure to rising difficulty post-ASIC?
@ $1069 each a 205BTC share issue would get two of them pre-ordered, 263Mhash/s per BTC looks pretty nice from here  

2.3% a week is about to half.   When we start recieving our BFL asics, its gonna be crazy high thu

Those are sweet!  Just ordered one for the company!  Now the company owes me around 80 btc.  I'll have to do the math later .

We are still in IPO.  As the funds from new investors come in we purchase equipment.  Only 542 of the initial 5250 shares have been sold to date.

Cool, well I just bought up another 10BTC worth of shares 

[Shadow383]

Welcome new investors!

More bASIC's
More bonus PPS

[Francesco]

Welcome new investors!

https://glbse.com/api/quantity_trading/JTME
still 542

Silverbox - I really enjoy the effort you put into this project, and you are of course entitled to your 25% cut, but:
The ratio of 600 paid owner shares vs. 542 public shares is quite unfair!
This will most likely ensure that the other 4,708 public shares will never be sold!

I urge you to limit your payout to 25% of public sold shares for future dividend payments.

Also this lead me to ask myself, what would be in the event of liquidation:
Your 1,750 shares vs. our 542 shares would mean that we'd only get about 0.20 BTC if you were able to get good prices for the Hardware.

Please give some transparency about the future development, so the remaining shares will find their new owners soon!  

Kind regards

MoinCoin

Really interested in this.
Personally, reading the presentation I simply assumed from the beginning that the plan was

• attract investors with crazy inflated returns
• dilute their shares to nothing or near
• ? ? ? ?
• profit!

so I profited from the high rates in time, and quickly liquidated after 8° dividend. But maybe he'll decide to take a different course of action, let's see.

[Francesco]

Welcome new investors!

https://glbse.com/api/quantity_trading/JTME
still 542

Silverbox - I really enjoy the effort you put into this project, and you are of course entitled to your 25% cut, but:
The ratio of 600 paid owner shares vs. 542 public shares is quite unfair!
This will most likely ensure that the other 4,708 public shares will never be sold!

I urge you to limit your payout to 25% of public sold shares for future dividend payments.

Also this lead me to ask myself, what would be in the event of liquidation:
Your 1,750 shares vs. our 542 shares would mean that we'd only get about 0.20 BTC if you were able to get good prices for the Hardware.

Please give some transparency about the future development, so the remaining shares will find their new owners soon!  

Kind regards

MoinCoin

I'm actually losing money at this point, even with taking profit on 600 shares.  I had 3 gh operating that I put into the company when it was founded.  I made ZERO BTC mining for 2 months on that gear.  Now we are operating at 6.5 Gh/s and I'm taking approximately half of the profits, which is what I would have had if I had never started the company, and I would have the last 2 months of mining profits.  Apparently you think its unfair for me to lose money and donate all my time to run the company..

I think a 1% rate of return with a large amount of ASIC gear in the pipeline (which when it arrives will earn us far more then 1% a week) and owning all the equipment is a GREAT deal for the investors, if you don't, your welcome to sell your shares.

If we had all our ASIC gear today, and difficulty was double what it is today.  We would be making 25 times what we are now, thats 25% per week...

No other mining company that I know of has so little put in by the investors with such a huge amount of ASIC gear ordered.

So far 42% has been paid out in dividends to the Shareholders who bought on the day of the IPO.  Again I know of no mining company that paid out 42% in the first 2 months...

I intentially frontloaded the dividends to attract investors, but our backend (when ASIC gear arrives) is even bigger..  Stick around, you won't regret it.

Well you attracted investors with high immediate profits, that are no longer there; sure, there is something else, but you can't expect them all to understand the paradigm shift immediately.
Maybe you could make a table comparing ordered megahashes for different companies, and showing in an immediate manner why this one will be more valuable than competitors when ASICs hit.

[Trance104]

It will be a partial Pirate pass thru at full rate.  Half of the interest kept by the company, half to the shareholders.  If Pirate defaults only some of the funds will be at risk.  (If Pirate defaults before 7/23, everything to that point will likely be lost, the risk IMO of a default in the next 2-3 months is very low).

This alone should scare you away.

Best of luck with your endeavor!

[Shadow383]

Welp, my JTME shares just devalued 25% in a day. Fan-fucking-tastic 

silverbox, you'd better clarify your position fast or JTME's going to be as good as dead pretty shortly.

[AngryCatfish]

Also keep in mind that BFL specs are not confirmed yet.

It seems more like your trolling then being a concerned investor. Good thing silver ordered bASIC along with BFL, I find this investment to be a great alternative to others just ordering BFLs (nothing against BFL, I just don't want all my eggs in one basket).

[Shadow383]

42% in dividends in 9 weeks, one of the best deals on GLBSE.

Buy shares while you can.

The askwall will raise to 1.06 on Wednesday.

Wouldn't it be more helpful to sell on some of those shares at near to the price at which trades are actually taking place? That way JTME could bring in some fresh capital and make more ASIC orders or pick up some more cheap GPUs...

[AngryCatfish]

Excellent, looking forward to seeing what growth will do for JTME's returns. I think you have a well diversified strategy.

[Shadow383]

The askwall is now 1.07.

Get your cheap shares now!, not alot on the order book between current and 1.07 .

Problem is that BTC appreciation has reduced the BTC value of the company's assets. What was the dollar price of the original IPO at the time?

[Factory]

Silverbox, when you issue new shares, do you pay full price for the 25% that you are given as per the contract? Or are they just given to you as compensation for management?

[AngryCatfish]

Good news seems to be bringing the price back up, awesomesauce.

[🏰 TradeFortress 🏰]

SCAM SCAM SCAM

The owner has NO verification on GLBSE. ABSOLUTELY NONE. ZERO.

Bitcoin mining WILL NOT BE PROFITABLE in the future.

Incorrect spelling and grammar - probably ran by someone who is 16... another reason why there is NO VERIFICATION.

[AngryCatfish]

Maybe he just missed out on them while they were cheap and was hoping to get them back down .

[🏰 TradeFortress 🏰]

SCAM SCAM SCAM

The owner has NO verification on GLBSE. ABSOLUTELY NONE. ZERO.

Bitcoin mining WILL NOT BE PROFITABLE in the future.

Incorrect spelling and grammar - probably ran by someone who is 16... another reason why there is NO VERIFICATION.

So says the guy selling "guides" to use paypal for BTC transactions for 5 BTC.  Hello TROLL, welcome to the thread, thanks for the free bump.  If you'd check this post "https://bitcointalk.org/index.php?topic=91374.msg1046529#msg1046529" in this thread you will see that your concern about verification has been addressed. 

LOL, "omg this guy is seeing through my con, call him a troll!"

Anyway, thanks for the free advertising for my guide. If you want to trade with PayPal without the risk, I'll teach you how for just 5 BTC

[Shadow383]

The new BFL FPGA single has a faster bitstream in it and runs kinda hot..  cgminer has halted a few times while running it.  I put it on its face, hopefully that will help, I've read they run cooler when on their face.

Logo candidate?
 

Why don't you try different firmware?

That or point a desk fan at it 

[🏰 TradeFortress 🏰]

See, stocks are dropping massively because silverbox will run away with all your coins once ASICs hit the market. Sell when it's not worthless!