Post
Topic
Board Securities
Re: [GLBSE] Gamma Insured Pirate Pass Through
by
dust
on 08/09/2012, 21:23:27 UTC
Quote from: imsaguy
TL;DR  We have two options.  The first gets you paid in full on your principal in today's USD equivalent in about 3 years time. The second keeps the business going by taking a short term haircut in exchange for dividends and/or a return of capital in what should be a much shorter span of time than the first option.

I will currently be suspending all interest payments and withdrawals.  
As I receive coins from the various things that I have going on I will start sending people's principal back.  I will also be purchasing coins from my personal
funds.  Interest that has been paid out will be deducted from the current principal.  The reason for this is I would like to get everyone's principal
back before anyone receives anymore interest.  I am not able to give a timeframe on the repayment as there is alot of factors that can effect it.  I know for sure it won't be
weeks or months, but more then likely in the ballpark of 3 years.  
Both imsaguy and hashking are giving 3 years as an estimate.  Will INAU step up and cover his obligations, or will everyone blame each other, wait 3 years, and buy the bonds back for a few bitcents each from impatient investors?

Note:  < 30 shares of GIPPT for trading is my only exposure to the currently failing lending/scamming cartel, so I'm picking on this thread more.