Post
Topic
Board Securities
Re: Attention LTC-GLOBAL moderators and BMF/NYAN investors
by
usagi
on 25/06/2013, 13:26:21 UTC
[...]
Your point 1 is that noone will sell back under .09.  Then in your point 2 you produce proof of people doing exactly that - selling back under .09.
[...]
Now BMF's approved I guess the market has to put up with the same crap there - specifically :

Small bids up to over NAV/U from you to try to tempt overbids.
Disguised issued share count - tempting investors who try to calculate NAV/U from holdings to forget all the unseen off-the-books shares held by you/your companies and end up believing it much higher than it is.
Dumps from you when some idiot overbids your own bids.
Buy-backs (likely undisclosed) to drain cash (if you ever get any) to your other companies/yourself.
Lack of regular updates on NAV/U to help investors make mistakes.

You have demonstrated you have no idea how a market works. I can not 'tempt overbids' if the market moves against me. You can not declare market price by fiat (you can try, but the market will move against you).

Second issue is that there are no BMF shares for sale, I've only issued bids, which pretty much blows everything you said to shit. For example, if I am attempting to disguise the share count this will work against me because it will lead people not to sell. So what then is my goal here? Your theory is illogical. What you are saying does not make sense.

I think you said it best yourself about your very own asset:

LTC-ATF is undoubtedly the better investment if you can buy it at a reasonable price - and therein lies your problem : noone wants to sell LTC-ATF at a reasonable price.



On LTC-ATF.B1 you can sell back the bonds for either BTC or LTC.
If you want BTC then you can have full face value.
If you want LTC then it'll take slightly longer - and you'll get (per the contract) whatever LTC is raised by selling 99% of face value (so 49.5 BTC) into bids on BTC-E.  Delay will just be however long it takes for burnside to approve a withdrawal - there'd be 0 delay on the other direction as would immediately pay if from LTC already held on LTC-Global.

You offered me 105%, I hope you're not planning to back out on that? I can't quite recall if you stated it was a standing offer, but I don't think you said when it would expire. Surely you wouldn't back out of that commitment? Can you clarify what you said? At any rate I'm getting 110%+ for them on the market right now, although I am not sure how long that will last... (EDIT: I found the post, and it has been edited down to 2% over face value. I guess I shouldn't complain...)

In any case LTC or BTC as you wish, I am guessing you like BTC in this instance because of DMS, right.