Quote from: norman on November 22, 2013, 04:34:05 AM

Quote from: Korbman on November 21, 2013, 10:54:45 PM

I've been trying to strike a balance between keeping to my word and being practical, though it's certainly easier said than done. I'm more than happy to look into another method if someone has an idea, just let me know.

Thanks. I was just curious. Perhaps there should be some threshold whereby you prefer repurchasing shares from the exchange at a discount? I'd rather see each 1 BTC go towards buying back 3 or 4 shares than 1 share. That increases everyone's expectations in the long run. But, that may simply not be possible due to commitments you've already made.

I prefer the current system. I only have 1 share, which I bought for 1 BTC on November 1, 2012. After Korbman's announcement of the financial problem, I chose to hold on to my share rather than listing it for sale at a steep discount, because I believe that if I am patient sooner or later (hopefully sooner) Korbman will be buying back my share for the 1.005 BTC price, which is what is specified in the original contract. If he starts using his limited incoming BTC to buy from the market at 0.001 etc. prices, what incentive does he have to fulfill his original commitment to repurchase the shares at 1.005? In that case he's going to feel a temptation to stop or delay the buyback so that people will get frustrated and list their shares on the market at a steep loss. (I'm not implying that Korbman would do this, just that the temptation would be there, and that it's a situation that no issuer should be put in.) I strongly believe that in order to avoid potential conflicts of interest, Korbman should not be buying shares on the open market at this time. If people want to sell their shares for 0.001 or other discounted prices, they can do that already without needing Korbman anyway. I for one, after seeing the lucky person who picked up several shares at 0.001, have already put in a bid to buy a few at that price. So anyone who wants to sell their shares for 0.001 each can sell them to me.