No, I was NOT trolling at all. I just pointed out a very serious problem for his mining company (though off-topic). I have been researching the securities on GLBSE including Ian's, and never intended to mention it until he trolled in my thread. It's very useful. He stopped.

I'm going to sleep now.

Long-term offers is a small child board. Thanks for all the discussion, quesition, trolling of you, which help me a lot before I move it to security board.

Ian, lower your fee. your IPO is not very successful. it is not my fault.

You are not the only one who provide transparency as much as you do. lots of people on GLBSE provide transparency. And they have a much trust worthy face than you have.

Transparency is good, but not a thing to be reliable. some transparent company fell like a disaster.

"Value is subjective."  stop being stupid. price is subjective, but not value.

When you investing a mining company you should take the management fee factor into consideration. And this Ian charges for 20% of this mining company by receiving free shares. It is too high compared to other mining stocks.

And he placed your BFL orders too late. Investing your mining company will not be profitable.

Hi ian, your management fee for your mining company is too high compared to other mining stocks. And you placed your BFL orders too late. Investing your mining company will not be profitable. I will post this at your thread.

thanks.

No matter how small or big the size is, no matter what the trollers think, whether it is listed or not. this program will start and end.

Yesterday I have received 2 interested PM and a 10 shares preIPO order. even if he is the only one investing, he will be treated well. Thanks.

Your thumb rules will not be always right.

As I will eat the first 20% loss, it is low risk.

DeathAndTaxes, you are trolling now. Your mathematics and reasoning ability sucks. You redo your math again and I won't waste my time to tell where you've been wrong. As I said, this business is not scalable and special. not everyone can do this and no one can do it as big as they want. You don't even have the ability to distinguish compound interest rate and uncompound interest rate.

FYI, the COF.NYSE had been treated as a scam on the market years ago, as their reported default rate is unbelievably low. However, they do have their secret tricks and methods to outperform. You would had been the losers who short COF.NYSE at the bottom of its stock price when the troll flying over the Wall Street.

Thank you DeathAndTaxes and everyone who has brought this up at this early stage, which saves me lots of legal trouble in the future. I won't risk into the being sued situation. I will change the name.



They are just irrational and in a hurry when they decided to borrow from us. We are 100% sure where the money is going to use. We know whom we will go to if the borrower himself cannot pay back the money(their parents). In my country, the credit card cannot withdraw cash more than 10% of their total credit limits. and where they want to use money only accept cash. So even someone with a good credit record in the bank will borrow money from us in such a special situation.
It is not a 3000%+ APR.(I guess this is a typo, you mean 300%+, right?) It last only for 1 day most of time for 2% per day. it is not a (1+2%)^365 formula. it is not compounded. f you can find one please tell me. the IRR/discount cash flow is most mathematically perfect and realistically foolish theory in the financial industry.
There is no big company provide "payday loan" in my country. we are not a company. i guess I will not use the term "corporation" any more. I'm not misleading anyone. In my country people don't treat "company/corporation" term as seriously as you guys.



About 3%-5% will become a defaulted loan, and about 10% of the defaulted loan will lose part of the principal at last.

I have my first investor already. It's a preIPO order.  It will be paying interest 3 days later.
Thanks.

The old-fasioned financial industry is like dinosaur. Some of the rules are set to protect their financial proxy roles and profit, but not protect the people. You cannot explain the financial crisis if you say that those laws are set to protect people.

We need no FATHER in the bitcoin community, so that I think ban the post is not a good idea. But drill into the US law and find some best practice to make it legally plausible is what we should do.

That's easy. Lots of the non-US companies' fund raising documents will declare that please do not invest if you are an America. Of course, the issuers are not obligated to verify the investors' nationality when the security is being publicly traded.

The issuers should NOT be an America according to my understanding of the US laws, or they have to register in SEC and publish way more sophisticated financial reports.

Planning it, but there is no plan right now. My business is in legal grey area: we break the foreign exchange restriction(we argue bitcoin is not a currency legally, and we won't use the underground money exchange service.);  practice usury to unspecified people(we argue we know them and they are specified); raise money from unspecified people (OK, if I want to argue that I know you investors would be pretty unconvincing)

I guess the most safe argument is that the police don't raid our home and get the evidence.

are there any min / max deposit limits?

Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.

No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that  restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.

Serious violence is quite unusual in our business. break the legs won't get the money back. If it is that simple, I guess it will be much more scalable. 

Q&A session

Is there really any business behind this or just hot air?

Yes, there is. Basically I'm loaning very short term money (12 hours to 2 days, 1 week would be seen as a bad debt in our business and we will be seriously taking some actions) to  people. I'm not the only one who doing the business on the earth. Thousands of organizations operates this kind of business and profit from it, with their own money and money they raise from other people. It's not a pyramid scheme or ponzi scheme or whatever could be call a scheme.  

I need more money to expand my business, but it's not so expansionable. It will never reach as huge as pritae40. In some of your eyes, it will be rather small. And as the profit I get from my own money and raised money is large enough, I will paying back the capital to people and then I will only earn the profit with my own money.

What prevents you from shutting down and taking 80% of investors money any time you want?

I know that it needs time for me to build trust from the community, and I'm also aware of that how the pirate40's default hurt this community. First some people will try to risk their money in this program, and as time pass by, my credit will be built up.

Capital One Corporation is set to be a long term operation. This pass-through is only a small step for me to build this brand among the community.

This business behind the pass-through seems pretty profitable, however lack of scalability. Bitcoin is great idea, there will more investment opportunities in the bitcoin world with the potential to be great. And I believe that most of the bitcoiners participating this movement at this stage will be wealth elite in the very near future, and if I can locate great idea future, I will rather be able to have the creditability to raise money from all of you. If I have this kind of creditability, lots of start ups will be coming to me and ask for money, which will make me expose to more new great idea and entrepreneurs. What I want is far more great than the little amount of bitcoin  I am going to raise.


May I short your bond when time is right?
If you can borrow some bond from the investors when it is floated, you can always do that. But it is always hard for the speculators to chose the right timing, and wish you are the exception. And watch out that may be the buyer and the borrowers all all  myself or my agent. As you a short seller, you have to offer a good interest to borrow it and sell them at a comparably unfavorable condition. I'm seriously preserve the right to try to play against the short sellers when time is right and whether disclose it or not. If there is trading profit, why not take it.

My business is being carried out in a very special high yield loan industry. I have gathered an excellent profit in my pocket and I’m now planning an expansion of the business.

I have been observing and investing in bitcoin for a long time. And I think now I should combining two thing together: to help the bitcoin economy by sharing the profit, and to expand my business by raising fund from the community.

I'm going to issuing shares on the GLBSE later for the pass-through program. And now private bulk investors and questions are welcomed, PM, email(Capital.One.Corporation at gmail) or post.

The bulk investors(more than 500 bitcoins) will start to have interest as soon as they invest, and they will receive a 10% plus on their capital account after 30 days of their investment.
Accepting PreIPO orders: the preIPO price is 0.097BTC per share while the IPO price would be 0.1BTC. and it will start to receive interest after 3 days of the payment.

All the private investment can be transformed to be floated shares.

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what I'm offering. It's for the contract of the GLBSE shares, but it apply to the private bulk investors.


The daily interest will be fluctuating according to the business performance and the capital account balance.
The estimated average interest rate will be 1%. It will rarely less than 0.5% if the business is open in that day.
Usually the performance is quite better in the weekend.

This is a low risk pass-through bond. the bond will offer investors an opportunity to share the profit from the business I'm running.

Estimated daily interest rate is 0.2% to 1.2%. This bond will be paying dividend after 3 days of the IPO, and the interest rate of the inital 7 days will be 1.5%. the interest will be caculated based on the capital account balance.

Each bond will have its capital account. the balance of the capital account is the sum of
(1) the face value of the bond(0.1BTC)
(2) interest payable
(3) retained interest
(4) minus BSDs(big special dividend).

The capital account balance will 0.1BTC at the beginning. the balance of the capital account will be published in the bitcointalk.org forum. and the records of the capital account is here:
https://docs.google.com/spreadsheet/pub?key=0AqSbpgeCcm0XdGt3RHdiVDdVanA0d1N5amVnUjdhR1E&output=html

If the capital account balance is lower than the face value, the issuer has the rights to pay interest as low as 0.2% and retain rest of the interest in the capital account until the capital account balance equals the face value.

the interest will be paid on a daily basis.

The bonds can also be partially purchased back by paying BSD.

The issuer can buy back the bond at any time at a price of capital account balance plus 2 days' worth of interest.

Some of the days we have to stop running the business temporarily, and we can make no profit  out of the raised capital and we only pay 0.1% interest rate per day. Usually this kind events last for 2 days and never exceed 4 days in the history.

This bond is a pass-through. I'm quite confident about the safety of the investment. However, there is still risk attached to the business. the profits are not guaranteed, the interest rate may be adjusted with a 5 days notice.

There is no exchange rate risk involved.

The bond is partially insured by the issuer. The risk will distributed between the issuer and the bond investors in such sequence, which means that the event of failure of the entity receiving pass-through investment, these bonds will be repurchased at discount of the capital account balance:

(1) The issuer take the first 20% of the loss occurred in the business; Which will decrease the risk of bond investors.
(2) the bond investor take the rest of the loss up to 80%.


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Notes: we are not related to the US company that is traded on the the New York Stock Exchange with a ticker COF.NYSE

Investing bitcoin capital into bitcoin non-related business and generating profit and distribution dividends in Bitcoin.

I agree. The average return of the junk bond is much higher than the TB.

very interesting. whether there will a exchange website where people can trade their CDS position?

I will be issuing a high yield pass-through bond soon, and I will be pleased to do some CDS trading myself against the security I issued myself. Is there anyway to ask you prove that I have hold a certain position to the public?

Though there is still risk for investing my bond, but I have strong belief in the plan myself. People will have a wrong estimation about the default probability distribution function, and I will make money out of it as I'm the one who knows the distribution the best at the same time deliver a clear signal to the market to protect my investors from panic.