New GLBSE.com for FPGA mining investment - FPGAMINING

[DonChate]

Good question... price continued to tank

[silverfuture]

Dividend payments have been consistent and on time. Moparguy could be a lot more communicative and do a better job on the contract to improve share price to the point of selling more at the ipo price and growing the company.

[Francesco]

Good question... price continued to tank

I guess I have understood what's happening. Look at the number of shares paid, it increases rapidly.
Moparguy apparently sells shares at ever-decreasing prices. He uses that money to expand mining, so that the total payout increases in spite of difficulty -but having to split between an ever increasing number of shares, the payout, and thus the price, decreases just about as if this was a mining bond.

Moparguy, please, this should stop now. You are destroying early investor's value; price is already going absurdly low. Selling bonds under IPO price should never happen, in my opinion. Pay upgrades with dividends, reduce them from 2,5% to 1%, even 0,5% if needed -at least it will be a gain, and not a total loss as it is now!

[conspirosphere.tk]

as if this was a mining bond.

Wait: if this is not a mining bond, WTF it is?

[vendor]

Good question... price continued to tank

I guess I have understood what's happening. Look at the number of shares paid, it increases rapidly.
Moparguy apparently sells shares at ever-decreasing prices. He uses that money to expand mining, so that the total payout increases in spite of difficulty -but having to split between an ever increasing number of shares, the payout, and thus the price, decreases just about as if this was a mining bond.

Moparguy, please, this should stop now. You are destroying early investor's value; price is already going absurdly low. Selling bonds under IPO price should never happen, in my opinion. Pay upgrades with dividends, reduce them from 2,5% to 1%, even 0,5% if needed -at least it will be a gain, and not a total loss as it is now!

Agree! Stop selling below IPO price. You destroying the value of the asset. Pay less dividend rather.

[Francesco]

as if this was a mining bond.

Wait: if this is not a mining bond, WTF it is?

A mining company, since dividends are tied to total profit and not to a fixed n° of hashes. Am I using the term incorrectly?

[conspirosphere.tk]

as if this was a mining bond.

Wait: if this is not a mining bond, WTF it is?

A mining company, since dividends are tied to total profit and not to a fixed n° of hashes. Am I using the term incorrectly?

I think so: the contract says that is a bond (i.e. debt, not shares of property), even if it is at variable rate. Anyway: anyone can confirm that is getting diluited increasing the number of bonds for sale, and how many bonds were added recently?

[Francesco]

as if this was a mining bond.

Wait: if this is not a mining bond, WTF it is?

A mining company, since dividends are tied to total profit and not to a fixed n° of hashes. Am I using the term incorrectly?

I think so: the contract says that is a bond (i.e. debt, not shares of property), even if it is at variable rate. Anyway: anyone can confirm that is getting diluited increasing the number of bonds for sale, and how many bonds were added recently?

Thanks for correcting me

What better confirmation can we have than the increase in the number of shares paid each week? Well, he could be just transferring them to his personal account without selling. But then again, how much is he putting into the company in exchange? This should be clarified.

[conspirosphere.tk]

anyone can confirm that is getting diluited increasing the number of bonds for sale, and how many bonds were added recently?

What better confirmation can we have than the increase in the number of shares paid each week? Well, he could be just transferring them to his personal account without selling. But then again, how much is he putting into the company in exchange? This should be clarified.

moparguy: please say something.

[conspirosphere.tk]

moparguy: please say something.

Never mind: it's all in the dividend payments. Francesco is right on the money:

[intel-core-i7]

wrote an email to him saying/asking basically teh same. Lets see his answer.

[moparguy528]

Hello all,

Answering emails, etc is taking larger amounts of my time and I am tired of emailed scam accusations. I tried to setup a profitable endeavor for both you and I, but it was easier and more profitable mining alone.I have decided to begin buyback of the shares. I have many great investors, but they are overshadowed by constant emailed personal attacks as being a scammer. I am done dealing with that. I will review the buyback plan so that i can give the most value to shareholders, especially considering the large price declines of late. I don't want anyone to feel cheated. I will release a motion in the next week, so please be watching for it for any upcoming news.

The dividend is halted immediately. Please watch for upcoming motions.

Regards.

[lord]

Hello moparguy528,

concerning:

The issuer can buy back the bond at any time at a price equal to 1.05 times the average price the asset was traded on GLBSE over the previous 1 week.

Will you buy back at the price equal to 1.05 * the average price of recent last week or the price, the week before you will actually perform the buy back?

[conspirosphere.tk]

Will you buy back at the price equal to 1.05 * the average price of recent last week or the price, the week before you will actually perform the buy back?

Don't worry: who bought around 1 BTC is going to get screwed anyway. And if the trend persists even who bought at 0.50.

[lord]

Don't worry: who bought around 1 BTC is going to get screwed anyway. And if the trend persists even who bought at 0.50.

yeah that seems to be for sure - maybe i should also create a fund with some money for high dividends, stopping dividends over night, wait for the price to drop to zero and say thank you for all the money i "earned" - man, that can't be true, firstly pirate and now in a more "legal" way almost the same, even if it is formulated harshyl.

The only way out is to push up the price, so all together cancel your low buying or selling orders, make some high ones, and we will all win - ok i am dreaming - get out!! immediately

[Francesco]

Well, if OP really buys back, the last share buy is a 5% investment. Won't even this drive the price up?

If OP is acting to decrease price to buy back lower, like by selling new shares now, would this get him a scammer tag?

If there's anyone to complain about it's the buttmonkey who's running a bot on glbse that's pushed down prices on just about every share listed. Whoever it is should be banned from the exchange because he's buying up shares and selling them at a loss to preventing any kind of offering from getting funds.

 
If a bot was able to do THIS it deserves my compliments. And, really, what would someone do that for??

[doobeedoo]

Well, if OP really buys back, the last share buy is a 5% investment. Won't even this drive the price up?

Yes, some people aren't being very smart here. moparguy528 is paying a 5% bonus for shares. Anybody that buys now is guaranteed a 5% profit.

no, you only get 5% when you buy at the same or lower price, then the weekly average (next week).
so, moparguy528 didn't bought back directly, but waiting 1 week, he is just waiting for prices to drop.
and he has lowered the price actively in the last days by selling under ipo.
no one gives a guarantee that he wouldn't do that again.

[conspirosphere.tk]

He just needs to dump another boatload of shares keeping paying what he wants in dividends (wink, wink) to fix the price around 0.000001 for a week to setup his buyback (but hey: there is a +5%!).

At this point I am tempted to liquidate all my GLBSE shares. It's just a scammers' playground.

[Francesco]

Isn't stopping paying dividends (thus driving price down) scam? The contract doesn't allow it.

If the 25 there is no buyback and no dividend, I am making an accusation.
I will of course retract if we agree to decent buyback conditions.

[conspirosphere.tk]

Isn't stopping paying dividends (thus driving price down) scam? The contract doesn't allow it.

Problem is: diluting the shares means lower dividends. He could push dividends to zero dumping enough shares.