Quote from: hamburgerhelper on December 08, 2013, 03:04:07 PM

Quote from: Lab_Rat on December 08, 2013, 05:49:01 AM

Just home, it's 12:45 (just after midnight)... I think I'll wait til tomorrow to pay out dividends. I hope no one minds.

I mind. The dividend payout day should be held sacrosanct. As I see it, there two important reasons for this:

1) It is central to the agreement between LRM and its "bond" holders. This is about the only thing we have a legal right to - a weekly payout.
2) It is hard enough to these sell bonds as it is. Prospective buyers will read these boards and conclude that sometimes we get the weekly dividend on time, but sometimes Zach's really busy. This does not inspire confidence.

The price of bonds is directly correlated to confidence and low transactional friction (no, your aunt/uncle/grandma is not going to figure out how to sign messages to grnbrg so they can buy shares, and thus liquidity will stay very very low until this changes). For LRM holders, yesterday's missed payout represents a new low in bond sell-ability (technical term).

Zach, I didn't make a stink when you charged a fee for payouts (contrary to the initial terms of bond sales) because it wasn't a big deal. I didn't make a stink when two weeks of new hardware mining turned into 2 weeks for certain equipment and 2+ weeks for other equipment (contrary to the initial terms of bond sales) because it wasn't a big deal. Missing the dividend payout date is a big deal. Please don't do it again.

As an aside, the reason I invested in LRM is because I believed that I would be able to sell my shares more easily than if I spend the equivalent amount on hardware. That hasn't been true for about two months now with no hint that it will change any time soon. Any real news on this? After timely dividend payments, this is my second biggest wish as an investor.

+1