So what is the backup plan for raising the funds?  JLP-BMD hasn't traded anywhere near 0.25 BTC since the beginning of June.  It looks like someone will have to buy up over 1000 shares before we get there again.  At least at 0.10 BTC we had a shot at actually selling some of the shares. 

 

Well there are 2 problems with this ...
1) There is 500 shares offered below 0.1BTC
2) We invest in BTC ... so you can't measure it in USD

Just to clarify, how many shares do you hold and how many are outstanding total?

Also to clarify, you'd be paying out the 65 BTC plus whatever else is mined divided by the number of shares, plus 5.8 BTC divided by the number of shares for the next 52 weeks (after you receive the shareholder list)? 

For what it's worth, the mergedmining thing ended up being a huge mess and they are in the process of liquidating.  I'd personally rather have the buyout if I'm understanding it correctly than have the operation sold to someone else.

So everyone waited 2+ months to get this list, and now that you have it - you are going to give people 7 days to reconcile?  While I understand your wish to close this thing down as quickly as possible; I think you might want to reconsider. From an outside perspective it looks like a simple share/cash grab.  I know several other issuers are waiting 60 days before doing anything like this.

I only point this out because I 'checked out' of the whole GLBSE & Bitcoin forums after about 3 weeks of watching the sh*tstorm.  I loaded up my coind client just 3 or 4 days ago to discover I had received an eighth of a coin, 2x from an address I didn't recognize.  After trying to get caught up on the forums, GLBSE blog posts, etc, I was just last night able to get in touch with GLBSE.  I sent back the double payment and am waiting to get added to the issuer list.

So if I had been travelling this week, or if I had not decided to upgrade my PC (and thus necessitating the blockchain synch and wallet backup prior to the upgrade), I would not have found out about this at all. Other people may have similar circumstances, or circumstances that end in a similar result.

Certainly one can argue that's my tough luck, I should have been following my investments, blah blah, and that's all fine and dandy, but what's the harm in waiting another 30-45 days before pulling in other people's shares?

I never received any email. From you, GLBSE, or any other issuer.  I submitted my claim information the same day (possibly withing 36 hrs) that the [sane/v2.0] claims process was put up on GLBSE.


Again - No email here.  I'm assuming it's because I didn't refund the claw-back until earlier this week.  From what I'm reading it appears Mr McCarthy is holding email addresses hostage for those clawbacks. Does this message constitute me contacting you?  Or is there some other requirement for 'contact'. Please inform so I can follow the process.
Also - to be clear - You didn't see me complaining - Just advising you as to how it looked from my optic.  I cared enough to submit my claim, but then didn't care enough to stand around and watch the next 6-8 weeks go by.  Like I said - call me lazy or whatever, but I felt like there were others in my position who might be similarly affected, so I thought I might throw a bit of advice against the wall and see if if stuck. Do as you will, I cannot change you.

That's a red herring.  You've offered exactly 7 days to make a claim.  Again - I can't change you dude, and I'm not trying to.  Just pointing out how it looks.  It looks like a cash grab. Do as you will. 

Possibly a term a little longer than a week might be a good idea. You don't have to hold on to them for a year or anything, but people do occasionally get buried in. How's a month sound?

Haven't seen a payment in a couple weeks.  Just wanted to make sure this is still proceeding as planned.

This

Has anyone tried contacting JL421 by email?  He hasn't been active on the board since January.

Fuck you. You miss every single fucking "weekly" payment and now you think because the price has risen so much that ~9 BTC is enough? _You_ missed your payments, so it's _your_ fault. I understand you cannot pay the full 231.7875 BTC, that would be insanely unfair after such a rise. But if you had kept your word, and made your weekly payments, we would have already gotten WAY more than the measly 9 BTC you paid out.

I cannot understand why we should we "pleased" with this. You didn't say a word anymore. Didn't reply to our request for updates/payments, and now we should be pleased with what we got? Had you just kept your word and sticked to your plan with 4.4575 BTC weekly payments, after only 3 weeks we would have gotten more than we got now.