Topic: KPS pays a dividend (Read 18587 times)

Zahlen · « **Reply #40 on:** November 09, 2014, 02:00:23 pm »

Quote from: printshop on November 08, 2014, 04:54:07 pm

I was initially told "next week" but now I hear that's just the time we will meet with the builder and go over the materials. It's pissing me off actually, since I had originally expected to start building in January (yes, a year ago basically) but there was some garbage with firing an architect.
...
I'm just a really impatient person I guess, because I am slightly uneasy about this whole situation. It's like I can't relax until the school is built.

Sounds like you're right to worry. Does this kind of thing happen regularly where you're at? I (from teh internetz, not from personal experience though) know some places this is part and parcel of the construction business, a lot of inefficiency (or even corruption). Not saying it's a good thing, just it's to expect and prepare for.

printshop · « **Reply #41 on:** November 10, 2014, 11:42:48 am »

Quote from: Zahlen on November 09, 2014, 02:00:23 pm

Quote from: printshop on November 08, 2014, 04:54:07 pm
I was initially told "next week" but now I hear that's just the time we will meet with the builder and go over the materials. It's pissing me off actually, since I had originally expected to start building in January (yes, a year ago basically) but there was some garbage with firing an architect.
...
I'm just a really impatient person I guess, because I am slightly uneasy about this whole situation. It's like I can't relax until the school is built.

Sounds like you're right to worry. Does this kind of thing happen regularly where you're at? I (from teh internetz, not from personal experience though) know some places this is part and parcel of the construction business, a lot of inefficiency (or even corruption). Not saying it's a good thing, just it's to expect and prepare for.

Yes, but we have a good builder now. He has done some government buildings and is a friend of the family. Here are some pictures of the property:

[img width="640" height="480"]http://i.imgur.com/h0jvrwA.jpg[/img]
A picture of the house and the land beside it (which is as big as two houses by itself). The house will be extended until the clothes hangers in the picture below, that space will become two giant classrooms on the first floor with a walk out garden patio on the second floor. The remaining space will be a yard/garden, likely with a small playground. Grass is rare around here, it will be special.

[img=640x480]http://i.imgur.com/z8b2yTi.jpg[/img]

As you can see the property is rather large (almost three full lots), if I told you what we paid for this you would think I am bragging. What you can't see is the alley access to the left in the second picture which is intended for the other two lots. It connects our property to pathways linking two different neighborhood schools, with a third a bit farther away accessible out the front of the development. Which is kind of amazing, this is a good location for a cram school.

Kids were included for scale.

p.s. please install the plugin that lets us resize images.

BigTed · « **Reply #42 on:** November 10, 2014, 12:52:29 pm »

What a .. looking building. ...

Edit by Berzerk: Please refrain from insulting others.

weekendwarrior · « **Reply #43 on:** November 10, 2014, 01:44:37 pm »

investing in third world buildings using cryptocurrency just seems sorta dangerous.

BigTed · « **Reply #44 on:** November 10, 2014, 02:14:10 pm »

Quote from: weekendwarrior on November 10, 2014, 01:44:37 pm

investing in third world buildings using cryptocurrency just seems sorta dangerous.

The real danger is in dealing with a scatter-brain. Since 8/30/2014 this guy has attempted:

1) AN ESL "Print Shop"
2) A "News Service"
3) An "Asset Analysis Service"
4) Buying a building!
5) A Mining asset!

Can we get serious here? Maybe he should accomplish something first before he starts another asset. This type of behavior is very typical of a 'scammer.' Everyone be careful here.

weekendwarrior · « **Reply #45 on:** November 10, 2014, 02:16:49 pm »

Quote from: BigTed on November 10, 2014, 02:14:10 pm

Quote from: weekendwarrior on November 10, 2014, 01:44:37 pm
investing in third world buildings using cryptocurrency just seems sorta dangerous.

The real danger is in dealing with a scatter-brain. Since 8/30/2014 this guy has attempted:

1) AN ESL "Print Shop"
2) A "News Service"
3) An "Asset Analysis Service"
4) Buying a building!
5) A Mining asset!

Can we get serious here? Maybe he should accomplish something first before he starts another asset. This type of behavior is very typical of a 'scammer.' Everyone be careful here.

dat sure is a lot of 'businesses' to start in a few months.

Zahlen · « **Reply #46 on:** November 10, 2014, 05:13:48 pm »

Quote from: printshop on November 10, 2014, 11:42:48 am

The remaining space will be a yard/garden, likely with a small playground. Grass is rare around here, it will be special.

This sounds terrific. Urban spaces need green.

Quote

It connects our property to pathways linking two different neighborhood schools, with a third a bit farther away accessible out the front of the development. Which is kind of amazing, this is a good location for a cram school.

I hope it'll be a 'supplemental learning'/'care between school and pickup' cram school, rather than a 'cram' cram school. This could be a great place for kids

printshop · « **Reply #47 on:** November 10, 2014, 05:46:28 pm »

Quote from: Zahlen on November 10, 2014, 05:13:48 pm

Quote from: printshop on November 10, 2014, 11:42:48 am
The remaining space will be a yard/garden, likely with a small playground. Grass is rare around here, it will be special.

This sounds terrific. Urban spaces need green.

Quote
It connects our property to pathways linking two different neighborhood schools, with a third a bit farther away accessible out the front of the development. Which is kind of amazing, this is a good location for a cram school.

I hope it'll be a 'supplemental learning'/'care between school and pickup' cram school, rather than a 'cram' cram school. This could be a great place for kids

I'll post some videos later. You would be pleased, it's very friendly here and the kids love it because there's no tests and no homework. It's more like going to summer camp than anything else, there's singing, playing games, arts and crafts, etc. Parents love it because the kids seem to pick up English really fast this way.

I guess I had just posted these pictures to tie up the loose end of having mentioned the school it in the first place. As things are turning out there doesn't seem to be a reason to actually involve KPS in the property development. It was a nice idea but why? KPS is almost completely cooked, I think it's almost time to start advertising. Once I finish the Japanese flashcards and we move into this space...

Zahlen · « **Reply #48 on:** November 10, 2014, 06:03:14 pm »

Quote from: printshop on November 10, 2014, 05:46:28 pm

I'll post some videos later. You would be pleased, it's very friendly here and the kids love it because there's no tests and no homework. It's more like going to summer camp than anything else, there's singing, playing games, arts and crafts, etc. Parents love it because the kids seem to pick up English really fast this way.

I like it already

I never require tests and homework for my own courses (though some schools would like me to). Way too much pressure from school curricula already, especially in Asian societies.

The environment sounds especially good for language learning for young students. Structured learning is fine if you just want to learn enough of the language to do a specific job. But to really grasp a language, you need play with it, and feel free to play with it.

pf · « **Reply #49 on:** November 10, 2014, 06:09:20 pm »

baha BigTed is a know nothing bozo of the highest calibre.
I can't even in good conscience call him a troll, that would be a compliment.

Kitchentable · « **Reply #50 on:** November 10, 2014, 08:09:06 pm »

One of the most successful print shops I visit is housed in a building not much better looking than that one BigTed. The owner has more than enough money to build a modern looking facility but he won't do it. His reasoning? Rent is fucking cheap and people are looking at his prints, not his building. Of all the startup print shops I've been to that went straight for the nice looking building and forwent investing into equipment... none of them are in business today.

There was a small newspaper company that started in a building that should have been destroyed 30 years ago. I was surprised the building even met safety regulation. It looked like a total dump from the outside but inside was serious amount of new hardware. The owner played smart and knew that the building was the least concern. Within three years all the equipment was paid for and they purchased a new building to expand their business.

printshop · « **Reply #51 on:** November 17, 2014, 07:50:19 pm »

Quote from: printshop on October 27, 2014, 10:39:49 am

KPS is pleased to announce our eleventh weekly dividend payment!

This week's payment has once again been raised (for the 11th week in a row) and will be 0.196 BTC, ...

In Other News:
After October we will move to monthly dividend payments. We estimate we will save more than 100 NXT/month this way, which we feel is significant. Shareholders can opt-out if they wish to pay transaction fees themselves. Please PM me if you wish to opt out of a switch to monthly payments (you can go back later if you want).

If we had paid weekly throughout November, I would have kept raising the pay, 0.197, 0.198, 0.199 and 0.2, for the four Mondays in November. So I will start our monthly payments at 0.8 and see about raising them from there. I'll be taking the occasional 5 week month into account when considering how much we raise our monthly dividends.

So, we will pay 0.8 BTC (total) for the month of November, on Monday, Nov. 24th. At today's rate of 0.0000492 that works out to 16,260 NXT over 22,311 shares, or 0.729/share.

printshop · « **Reply #52 on:** November 24, 2014, 05:12:03 am »

And now for something completely different.

SafeHash enters MOU with NxtGlaive for backing of 350,000 NXT.

SafeHash and NxtGlaive enter into MOU for backing loan. NxtGlaive will guaranty approximately 350,000 NXT of SafeHash Debt, in return for ongoing payments of 12,000 NXT per month interest and 12,000 NXT per month principal. All amounts will be recorded and transacted in NXT for accounting purposes.

Additional conditions demand the closeout of KPS as guaranty for the income stream.

What this means is that SafeHash can sell an almost unlimited number of shares into the market, however, KPS must immediately begin repurchasing all of it's shares. As a consequence, KPS will no longer issue a dividend, but use all existing capital to repurchase shares. The CEO of NxtGlaive is quoted as saying, "If this works out, we will strongly consider signing additional loan and guaranty agreements with SafeHash."

pf · « **Reply #53 on:** November 24, 2014, 05:34:27 am »

What is NxtGlaive?

galeki · « **Reply #54 on:** November 24, 2014, 05:42:44 am »

Oh, so sad KPS will gone, I like KPS since it is the only(?) real life project in AE.

So how the repurchase goes?

printshop · « **Reply #55 on:** November 24, 2014, 05:44:23 am »

Quote from: pf on November 24, 2014, 05:34:27 am

What is NxtGlaive?

It's a trade name for some investment company that wants to buy into NXT. We were chosen because we guaranty investors cannot lose their initial 1 NXT investment.

I should probably edit the ann to state all amounts will be recorded and transacted in NXT. They were specific about that.

galeki · « **Reply #56 on:** November 24, 2014, 08:07:36 am »

Oh no, I bought bunches of shares at early IPO @16, now I have to sell @13.x ?

whatnxt · « **Reply #57 on:** November 24, 2014, 08:18:39 am »

See: https://nxtforum.org/index.php?topic=4740.msg133776#msg133776
Reproduced below:

Quote

Hi everyone. Due to the SafeHash deal I've worked out, KPS will have to close.

We won't issue a dividend anyomre, but we will repurchase all shares on the open market. My suggestion is to tender them for about 5-10% more than you paid. This will give everyone a good profit and help speed the closing.

There will be those who hold out for a very high price; please be aware that we are unlikely to place bids higher than the major sell points, and will certainly never bid more than we have sold for

Good luck and thank you for making KPS a success!

If you would like to convert your KPS shares to SafeHash shares, please PM me or send an e-mail to kns@kongzi.ca.

Please see the SafeHash and KPS discussion threads for more information.

Unfortunately I missed this and have finished selling back at the price available on the market. PrintShop, you could have planned this better...

whatnxt · « **Reply #58 on:** November 24, 2014, 08:24:35 am »

Hold that thought,

Make sure you close all your open orders....

JamesList · « **Reply #59 on:** November 24, 2014, 09:47:15 am »

Not really happy about it because nxt price was the double at the time I've invsted.

News:

Author Topic: KPS pays a dividend (Read 18587 times)