Just quick update for my investors. I ran some calculations, how the bots were performing since closing of GLBSE and what the liquidation of asset would mean for investors.
Since last dividend was paid at the end of September bots performed as follows:
So if everything was as usual, the dividend at this time for past 2 months would be 0.002420 per share. As I'm considering to close down the operation (as per contract I'm allowed to do it), I calculated how much BTC would we have after liquidation of bot accounts and after conversion of fiat money that bots are working with. At this time at current prices that would bring us 262.776739191142 BTC (this includes unpaid dividends as calculated above). With 17.00892 BTC that was already paid as dividends before shut-down of GLBSE, I consider this project a success even after liquidation as I initially planned to run this for longer. I got 270 BTC from investors and total value produced for investors is at this time 279.785659191142 BTC.
After liquidation, each share is (at this time) entitled to 0.09732471821894 BTC. IPO price per share was 0.1 BTC. I expect that not all shares will be claimed so I will pay 0.1 BTC per share, which I think is a fair deal. Even after all shares are claimed I can pay 0.1 BTC per share as the difference is minimal.
I plan to continue to run bots with my own money afterwards (hopefully I will get as much BTC as possible from various assets I owned on GLBSE and invest them here). If there's a strong opposition to my plan of closing down the operation, I may consider to move this asset to some other exchange (BTCT.CO?) and continue to pay dividends from there. Paying dividends on my own is not something I would like to do as it is prone to errors
Unfortunately I didn't receive the shareholders information from Nefario yet, so nothing can be done at this time
I hope you don't close this down! I prefer things like this vs investing in a mining operation. The project was a huge success. I started trading on www.cryptostocks.com
and it's not bad. It just don't have the amount of volume that GLBSE had.
I do feel that if more companies such as yours found their way over there, that it would become a better place!
Either way, I appreciate the updates!