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KPS pays a dividend
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Author Topic: KPS pays a dividend  (Read 18594 times)

printshop

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Re: KPS pays a dividend
« Reply #140 on: November 29, 2014, 02:41:40 pm »

Quote
28 September 2012
Oliver Richman,

Please note I'm registered on Ardeva with government photo ID, bank reference letters, employment letters and the like, and that isn't my name. Further, this usagi you keep bringing up obviously isn't a scammer, he has a very positive OTC rating and zero negative feedback on bitcointalk.

https://ardeva.com/verify/A5479DB0B68EAE1A61201683

You have been told this several times. Can we ban this troll now pls? Thanks.
« Last Edit: November 29, 2014, 02:43:44 pm by printshop »
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okaynow

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Re: KPS pays a dividend
« Reply #141 on: November 29, 2014, 02:46:14 pm »

Quote
28 September 2012
Oliver Richman,

Please note I'm registered on Ardeva with government photo ID, bank reference letters, employment letters and the like, and that isn't my name. Further, this usagi you keep bringing up obviously isn't a scammer, he has a very positive OTC rating and zero negative feedback on bitcointalk.

https://ardeva.com/verify/A5479DB0B68EAE1A61201683

You have been told this several times. Can we ban this troll now pls? Thanks.

i told you, i dont pay attention to ardeva.

On the other hand you can scroll down to the "food for thought" links i posted.
There, another coincidence awaits.
usagi has been trying to sell his guitar among other things.
So, yeah, another coincidence there i guess.
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whatnxt

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Re: KPS pays a dividend
« Reply #142 on: November 29, 2014, 04:09:44 pm »

OkayNow,

This is all very entertaining but you seem to be missing out the important bits:

Usagi mistakenly or otherwise made commitments that could not be met when the price of BTC skyrocketed.
You can read his version of the story here: https://bitcointalk.org/index.php?topic=115284.msg1242847#msg1242847

The question is, has PrintShop done the same?
If the price of NXT where to rise rapidly what would happen to SafeHash?

Could the new commitment to pay 24000 NXT per month for 30 months to pay of the loan from NXTGlaive be met?
Could the original commitment to return 1 NXT/share to investors be met?

PrintShop?
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okaynow

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Re: KPS pays a dividend
« Reply #143 on: November 29, 2014, 04:17:26 pm »

OkayNow,
This is all very entertaining but you seem to be missing out the important bits:

My english is far from perfect.
What does cognitive dissonance mean?

You already said that my sig makes me "look like a troll", completely disregarding my message at the time.
Now you are trying to tell me that although usagi and printshop have more than 5 common elements,
i should wait for him to disappear?

Whatnxt, maybe you should go one page back and follow that long post filled with more than 10 instances where
usagi and prinshop are explaining the same ideas, the same projects, on the same website.

And another thing whatnxt. I can see that you are eager to lend a hand, can you explain to us
what is NXTGlaive, how does it make money, who is behind it, where is it located, and why did it choose printshop?

Because printshop will not tell us. Do you have any info we could use?
« Last Edit: November 29, 2014, 04:21:24 pm by okaynow »
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whatnxt

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Re: KPS pays a dividend
« Reply #144 on: November 29, 2014, 05:12:07 pm »

In psychology, cognitive dissonance is the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, or is confronted by new information that conflicts with existing beliefs, ideas, or values.
See: http://en.wikipedia.org/wiki/Cognitive_dissonance

I suffer no mental stress from this discussion. Holding two contradictory beliefs is probably a requirement for investing here.

So holding the belief that you are trying to help and the belief that you are only here to advertise, is not a problem. It would help your case, though, if we did not have to do this.

PrintShop may or may not be Usagi, so far you have some evidence that they have walked similar paths.

Usagi may or may not have been a scammer. It is often hard to tell. Just because things end badly, it does not mean they started with bad intentions. So far I have seen nothing that suggests they started with bad intentions. Or did I miss something?

Sadly, I know nothing about the origins of NXTGlaive and more particularly:

What happens if SafeHash misses a payment?

What happens if SafeHash cannot pay at all?

These are all good questions for PrintShop.
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printshop

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Re: KPS pays a dividend
« Reply #145 on: November 29, 2014, 05:57:27 pm »

If the price of NXT where to rise rapidly what would happen to SafeHash?
Could the new commitment to pay 24000 NXT per month for 30 months to pay of the loan from NXTGlaive be met?
Could the original commitment to return 1 NXT/share to investors be met?

Sadly, I know nothing about the origins of NXTGlaive and more particularly:
What happens if SafeHash misses a payment?
What happens if SafeHash cannot pay at all?
These are all good questions for PrintShop.

Thanks for asking. I'm always happy to answer questions.

SafeHash's backing is valued at 199,122 NXT and is comprised of various assets such as Coinomat, STORMWIND, and USDbitfinx. Our USDbitfinx is worth about 85,000. This backing is kept in strict proportion to the number of shares we sell, while the mining assets are a "soft restriction" meaning we act to keep the value of our mining assets greater than the amount of backing (but this is actually irelevant to guaranteeing 1 NXT per share). Our current figures are mining 183,097, backing 199,122, and payable shares 164,127. This means that we currently have about 35,000 extra backing with which we could sell new shares, or buy more mining, and still have the capacity to trade assets for 1 NXT per share should all mining go to zero.

If NXT suddenly appreciated in value, the question is, how would we continue to guaranty 1 NXT per share? The answer is that we maintain a margin of safety such that it is reasonable to assume we will be able to meet any rise in NXT. For example, I just pointed out we have an extra 35,000 NXT in backing assets. Should the price of NXT suddenly double, and our USDbitfinx fall  by 40,000 NXT, we will still have roughly enough to cover all sold shares. This margin of safety is currently being expanded by the accumulation of NXT (via our right to retain 25% of profits per week). Right now we're small enough, and have a large enough margin of safety, that a sudden currency fluctuation will not hurt the fund. But this is indeed a very important issue for the future. We're very bullish on NXT, we are aware of the dangers of currency fluctuation, and we are accumulating NXT to insulate ourselves from even the most remote chance of a problem.

After this week's dividends we expect to have 40,000+ NXT (NXT, not assets) in addition to asset backing. Within another six weeks we expect to have the fund fully backed by NXT.

We like to keep this backing very visible by placing very large bid orders for SafeHash shares. There's currently an order up for 14,000 shares which I plan to increase to 25,000 after this week's dividends. This helps investors sell out at any time without losing any money.

The next questions are about NxtGlaive. To understand the NxtGlaive situation, you have to understand that there are four parties in this room.
1. Shareholders, who are guaranteed:
- 50% of profit from the mining assets we invest in,
- a guaranteed buyout at 1 NXT

2. SafeHash, which maintains NXT and mining assets in on behalf of shareholders, such that #1 can be guaranteed.

3. KPS
- Private company, dealing solely with NxtGlaive

4. NxtGlaive, who is investing in the backing of SafeHash and is not concerned with the operation of SafeHash.

Note that regardless of what happens to #3 and #4, so long as SafeHash retains 1 NXT per share, investors are protected. The loan, KPS, NxtGlaive, and currency fluctuataions are red herrings. Nothing which happens to NxtGlaive or KPS matters to SafeHash investors.

From SafeHash's perspective, investors are buying a product and NOT shares in the underlying company "SafeHash". To oversimplfy, SafeHash has obtained all of KPS's assets and is repurchasing KPS shares out of the sale of those assets and the ongoing retained profits of SafeHash, while the actual cash profit of KPS is being used to buy NXT and pay NxtGlaive.

In short, all investors care about is the fact that SafeHash contains the appropriate mining and non-mining assets, and a significant amount of NXT to cover currency fluctuations.
This makes the question "What if SafeHash cannot pay at all" irrelevant, because it is obvious that SafeHash contains all the required assets to complete these goals.

There is however one question I have not been asked and that is "Why/How"? Since, obviously, we could just invest into mining ourselves and keep all the profits. The answer is simple. Risk.

If we just invested into mining, we stand to lose ALL our money.

If we create an asset like SafeHash, we use the return to guarantee the existing debt. Our personal return is lower -- in this case just 25% to 50% of the profit from mining. But our risk goes to zero over time. This makes sense when you consider that real world companies often pay just 3% per year. Like Johnson and Johnson. Or Bell Telephone. We are more than happy to get 3% per WEEK with zero risk -- this is even less risk than investing in Bell Telephone. SafeHash is essentially just a form of disciplined investing, where we occasionally "take profits" and as such cannot "lose money" past a certain point.

I hope this has been clear, if there's anything else just ask!
« Last Edit: November 29, 2014, 06:14:06 pm by printshop »
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okaynow

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Re: KPS pays a dividend
« Reply #146 on: November 29, 2014, 11:04:14 pm »

In short, all investors care about

You should avoid dictating and defining what others care about. You are not in a position to do so.
Answering their questions is not a favour you are making, it is part of your duties as the issuer.
Ignoring what they might care about and selectively answering with paragraphs after paragraphs of buzzwords might manage to put them to sleep though, and take some pressure off your back.

i have more questions, they are piling up, and lots of them are hanging in limbo.
There is however one question I have not been asked and that is "Why/How"?

Oh, but yes, you have been asked, multiple times, in multiple variations. You only choose to ignore the ones you cant really answer.
For instance, right between the two posts of whatnxt you are quoting, there is this set of questions, that are
very relevant to all interested parties:

what is NXTGlaive, how does it make money, who is behind it, where is it located, and why did it choose printshop?
Because printshop will not tell us. Do you have any info we could use?

These questions have been asked again by others, care to give them a try?
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pf

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Re: KPS pays a dividend
« Reply #147 on: November 29, 2014, 11:13:34 pm »



guys im getting popcorn in my keyboard, jeez
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hurrikaani

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Re: KPS pays a dividend
« Reply #148 on: December 01, 2014, 07:44:05 pm »

Could i ask for more specific time for the buyback? I lowered my ask to 14.898, which is almost the same, what i paid for the shares. I'm willing to not profit from the buyback, if you could free up my capital for reinvesting.  :)
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printshop

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Re: KPS pays a dividend
« Reply #149 on: December 01, 2014, 08:00:42 pm »

Could i ask for more specific time for the buyback? I lowered my ask to 14.898, which is almost the same, what i paid for the shares. I'm willing to not profit from the buyback, if you could free up my capital for reinvesting.  :)

I'm in the process of moving some money into NXT, there are a couple wires that should go through this week and I will be able to buy back several thousand more shares. That being said, the fastest way to get value is convert to safehash. Demand is strong for safehash and you should be able to sell out for .995 on the NXT without too much trouble. You will have to PM me to discuss the ratio, as mentioned, since we don't know what you paid for your KPS.

hurrikaani

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Re: KPS pays a dividend
« Reply #150 on: December 01, 2014, 08:06:56 pm »

I contacted you through PM and i'm removing the sell order now.
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hurrikaani

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Re: KPS pays a dividend
« Reply #151 on: December 02, 2014, 10:14:39 am »

I'm a believer in the idea of transparency, so i though i could share the details from my KPS --> SafeHash swap. It happened fast, with the ratio 1:1 NXT to SafeHash. He was very polite with the messaging and i'm personally happy about it. I could have got a better price for the KPS i had, like he mentioned, by just waiting for max. two weeks, but i just my wanted capital to be released.

Overall, KPS was a success for me.  :)
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RAlex

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Re: KPS pays a dividend
« Reply #152 on: December 07, 2014, 04:11:05 pm »

I'm a believer in the idea of transparency, so i though i could share the details from my KPS --> SafeHash swap. It happened fast, with the ratio 1:1 NXT to SafeHash. He was very polite with the messaging and i'm personally happy about it. I could have got a better price for the KPS i had, like he mentioned, by just waiting for max. two weeks, but i just my wanted capital to be released.

Overall, KPS was a success for me.  :)

Same here. I just swapped my KPS to SafeHash with 8% gain. Nothing to complain about since I bought it. Went fast and smooth.
Thanks Printshop.
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Zahlen

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Re: KPS pays a dividend
« Reply #153 on: December 11, 2014, 03:49:44 am »

Just to let folks know, printshop just bought up the 251 KPS I had @ 20.9. I really like all the recent feedback here, from actual investors about actual things going on with the asset. We should do this much more often, especially while the assets are still active, rather than when things are closing down.

printshop, thanks for all the dividends, and generous buyback :) It's a shame the fundraising didn't work out like you hoped, and it seems like you've sunk a lot into the whole process, both NXT and time. There's a large, and rapidly growing market for language learning, I hope you recoup your $ soon, and Kongzi Print Shop and your school continue to help more people learn.

Mining's not my thing, so I won't be buying into SafeHash or BearMining. But best wishes for them, and future endeavours.
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printshop

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Re: KPS pays a dividend
« Reply #154 on: December 11, 2014, 06:07:23 am »

Just to let folks know, printshop just bought up the 251 KPS I had @ 20.9. I really like all the recent feedback here, from actual investors about actual things going on with the asset. We should do this much more often, especially while the assets are still active, rather than when things are closing down.

printshop, thanks for all the dividends, and generous buyback :) It's a shame the fundraising didn't work out like you hoped, and it seems like you've sunk a lot into the whole process, both NXT and time. There's a large, and rapidly growing market for language learning, I hope you recoup your $ soon, and Kongzi Print Shop and your school continue to help more people learn.

Mining's not my thing, so I won't be buying into SafeHash or BearMining. But best wishes for them, and future endeavours.

Thanks. I guess it's okay to lock the thread now. I've placed a bid at 13 for all remaining shares and will buy out anything anyone puts on ask within a couple of days (to be honest I just don't check it that often anymore).

I will post some pictures of the school over the coming months and years. One day, when the time is right, I would like to retire from all this... "mining"... and return to the arts.
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