Quote from: PatrickHarnett on August 28, 2012, 08:37:03 PM

A couple more days have rolled past, and there is still no news from BS&T. Because of the lack of returned funds from BS&T I am in the process of moving additional coins to GLBSE in preparation for paying out the insurance. To maximise the potential for recovery, the insurance of 0.32BTC per bond will be paid on each of the three outstanding bond issues in weekly intervals two weeks behind the planned redemption date. That is:

PPT.E on 1-Sept at 00:00 UTC
PPT.A on 8-Sept at 00:00 UTC
PPT.B on 15-Sept at 00:00 UTC

This seems like a fair closeing plan. I already devalued these bonds when the PPT.E did not pay out on schedule. I'm rather disapointed this turned out to be a scam, but not really suprised. My thanks to Patrick Harnett, BurtW and the others running these bonds for and excelent job.

Overall, I'm one of the lucky few to profit from BTCS&T. I diversified at the right time. I even managed to sell my remaining PPT.x bonds at better than insurance rates. Guess theres still some faith in pirate, but I don't buy it anymore.