Post
Topic
Board Securities
Re: [HAVELOCK] [XBOND] Bitcoin's Only Exchangeable Bond
by
usagi
on 06/08/2013, 18:23:24 UTC
Please be careful speculating on the price of XBOND.

The callback cost is 105% (0.00105 bitcoins each).

We can issue more bonds at will; and callback can happen at any time.

This means that if you buy an XBOND at greater than 0.00105, you run the risk of loss if it is ever called back before you profit from coupon payments.
I'm guessing this is the reason outstanding shares are listed as 2,018,620?

I encourage and implore TAT investments to take advantage of people's greed and sell into the bid to 0.001/unit. Bidding over face value for a recallable face value bond is probably unwise. There are other places to put your money -- notably Graet.Loan and even Ukyo.Loan which pays 50% more than XBOND. Both of those haven't sold out their IPO yet so I don't understand why there is such a demand for XBOND.