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[printshop]

how many shares in circulation at the moment? ty

There are 9,936 outstanding shares, 1,116 on coinsortium plus 8,820 sold on NXT.

[Sebastien256]

how many shares in circulation at the moment? ty

Just under 10,000, I'll give a more accurate number in an edit in a moment.

yes a breakdown of the ipo situation would be good.

[cobaltskky]

Hi, printshop!  Hope you're doing well.   I'm wondering: do you have any plans to use the Nxt Marketplace to sell product?  I think that would help diversify the offerings on there and be good advertising for your business.

[printshop]

Hi, printshop!  Hope you're doing well.   I'm wondering: do you have any plans to use the Nxt Marketplace to sell product?  I think that would help diversify the offerings on there and be good advertising for your business.

Thanks for your suggestion. I've created an ad for the "Da Gong Ji" Chinese set I designed for you. However, most of our work is custom shop kinda stuff for local schools, so we can't really sell it online. I am working on a Japanese flashcard set which will have about 800 cards. I have about 100 cards done now, I will think about putting them up in sets of 100 as well.

Honestly though I don't really expect to sell any sets on the NXT exchange, maybe amazon or ebay, but then again, why not? Maybe someone here would like to learn a language It's really fun to get into another language and culture. You can explore the food, the music, the literature, you can learn a lot about the world and about life that way.

[cobaltskky]

Yes!   I personally want o learn more about the Indian culture.

As for selling goods, even if they don't sell immediately, they'll be sitting there available and they diversify the offerings on the Nxt Marketplace.

[printshop]

Hello everyone.

Recently, two sellers have decided to step in front of our mini-IPO for paper, with sale orders for more than 1,300 shares. This is significant and represents about 15% of the company. I feel it's prudent to mention that we have no idea why they are selling. In short, "management confirms there is no news or other material information to disclose at this time".

However, the sales mean we need to sell an additional 1,300 or so shares during this IPO period. As a result of this we have opted not to pay Monday's dividend, as outlined in our contract on coinsortium.co and in our prospectus. As stated, our first priority is to ensure our investors do not lose money. For that reason we will be using the money to repurchase shares under the IPO price. We feel it is very important to allow investors to "get out" at a fair price (ex. over ~13-14 NXT/share) if that's what they really want to do.

The second problem is that this means we will be unable to make our bulk order of paper. We need to place an order soon (this week or next week). It looks like we will have to pay $3/pack for index cards again, and that really sucks.

What this doesn't mean:

• It does not mean we're screwed. It will just take us an extra couple of weeks or months before we can reduce costs with a bulk order of paper.
• It does not mean our faithful investors are screwed. We are capable of buying back a significant amount of stock should investors want to sell.
• It does not mean we're dead in the water or that the business is going to fail. We still make a bit more than $400 a month, which will eventually find it's way into the hands of our investors.

In conclusion, nothing in our contract, prospectus or in our business plan has changed. We haven't been able to reduce our costs as much as we'd like, but that's hardly "bad news". Two, management is fully aware of the relative valuation of KPS versus other issues based on dividend yield. Looking at average valuations of companies like coinomat and STSH, based on dividend yield, KPS appears to be valued at less than 1/10th of where it should be. For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share. Our business plan in this regard is well-explained in our contract on coinsortium and in our prospectus, so there should be no surprises over what will happen in the future with KPS.

Enjoy your day, sorry for the speed bumps

[nacer]

hi there,

I'm one of those seller and i only wanted to sell. That's all.

Good luck to KPS and yes your dividend are nice.

[cobaltskky]

I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.

[mess]

I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.

Same opinion here.

[printshop]

I appreciate your reassurance, printshop!  I certainly think it's prudent to buy back the shares and shows commitment.  I don't mind giving up my Monday dividend for that.

Same opinion here.

Thanks for the support :/

Maybe I spoke too soon. I was under the assumption that there was some kind of mini panic, maybe because I didn't announce the dividend on Thursday or because we closed our IPO. We did sell a few hundred shares since then, and it isn't like we don't have the money to pay it... I had the flu all last week you see and I was probably feeling a little grumpy, hmm. On monday I will be sending $500 US to the exchange to buy a bitcoin and change as it's the end of the month. I guess I can pay the dividend and things will be okay... Never miss a dividend payment, Grandma always used to say. I guess I should be more of a "smiley lion" (is that from a book?)  Yeah on second thought what was I thinking. I can't miss a dividend payment that would be suicide. I want to look back and say, we never missed a payment. That will be our claim to fame. We will be "The Weekly Dividend Company".

[printshop]

We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS)

[Sebastien256]

We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS)

hmmm, not sure it worth the electricity cost. When CPU is not idle is consume a lot more electricity than in idle mode.

[printshop]

We have launched a side service with idle office computer time.

FOR SALE: SHORT ACCOUNT ID's, VANITY ID's (by KPS)

hmmm, not sure it worth the electricity cost. When CPU is not idle is consume a lot more electricity than in idle mode.

Hopefully we will make a few sales. I expect to sell all 7's and lower we come across, but time will tell. There's the blatant and obvious trust issue at stake of course, but once people realize why this business has to remain honest I think that will pass. It may even take a few years. But we will be the trusted name in this niche.

[Zahlen]

Hi printshop. I bought into a little of your shares recently, right after you removed the last offer at 12 Nxt per share T.T Wanted to give you some feedback, from my perspective as someone new to investing:

1) I heard about KPS soon after your fifth dividend payout. At that time I was looking at assets to buy, and I had the (possibly misplaced) impression that your offer would still be valid for another week, until the next dividend payout. So I took my time reading up on other assets being offered.

2) Was quite surprised when the 12 Nxt offers were removed from the AE! (Seems like you need to constantly keep up to date and act fast in cryptoland, I keep missing out on early opportunities) I put in a bid for 100 shares @ 13 Nxt each, that seemed like a fair price for missing out by 1 day.

3) Was surprised again when the offer became 16 Nxt a few days later! That's a really big jump. I managed to get very few shares @ 13, but I'm now outbid by a few people, so I doubt I'll be able to get more. I bought into some of the shares you offered @ 16, since I'd like the Nxt to go to you instead of the investors looking to sell, but I can totally understand why they want to sell, given the sudden spike in offer price and consequently the chance to get a quick return.

4) I'm interested in getting more KPS, but I wasn't sure if I should hold out for a lower price, since the jump didn't seem reasonable. (I was thinking printshop might think 16 is too high, then lower the price for the next batch) If you're committed to at least 16 Nxt per share in the future, and buying back shares at close to offer price, then I'll go get some more Changing offer prices smoothly and with more preannouncement  might help folks feel more confident. I'm also fine with not receiving the next dividend payment.

5) This thread is terrific! I looked at 10+ of the assets listed at coinsortium and you're the only one I feel confident in investing in, this thread is the reason. We get insight into and direct communication with not only Kongzi Print Shop the business, but also printshop the guy.


Best wishes for the future of Kongzi Have you thought about diversifying into digital flashcards? Personally I learned Japanese vocabulary mainly with Anki, an open source flashcard program based on spaced repetition. I spent a lot of time inputting the compounds, definitions, related compounds and other data, maybe there's a market for high-quality prepared card 'decks' with pictures, example sentences, etc.

[printshop]

Wow, thanks for the questions!

About the share price issue, you're right I should have had a longer announcement period to fully explain my thought behind the jump. It was affected by three factors. One, bitcoin investors had been complaining that we were trying to sell too many shares, so I canceled the original IPO and re-issued a smaller number of shares. Two, a lot of risk had been removed from the company. We have our printer, we have our laminate and we almost have our paper. We also have a nice review of our product by cobaltskky. So I set the price to 0.0012 BTC vs 0.001. Three, the price for NXT fell a little.

I had originally intended the shares to be denominated in BTC. But we didn't really sell any shares in BTC. We sold most of our shares on NXT AE. So it doesn't make sense anymore to keep re-evaluating the price in terms of BTC. I think instead we should start valuing KPS in NXT directly. I'm going to leave the price at 16 for now. If there is a huge upswing or a crash I will have to revalue it, but right now things look stable enough to just leave the price alone for a while.

By the way, I am personally a big fan of Anki, but we have been using our own in-house flashcard program since before Anki was available. It's written in Java and it's called Kongzi. We are going through a (very) slow process whereby it is being re-developed for the web and for public use. Our program is a lot more advanced than Anki in many ways. Even Anki's claim-to-fame SRS method is behind the curve slightly compared to Mnemosyne and other programs. But yes Anki is a cool program and I actually use it myself from time to time.

I've produced custom Anki decks in the past but Anki has problems when used in a classroom environment. It's Japanese support is essentially a giant Kludge, and it's hard to use if you're making a custom deck. Despite having the amount of layout control you do, even more is needed because each kanji needs to have a ruby field. The HTML needs to be generated by the software unless you want to put HTML in your fields, and that's ugly. And there is no bopomofo support so it can't be used in a Chinese classroom. Anki is still great if you don't care about layout and already have a good deck. Besides that Anki is not really a very good program, but it is the only one available right now. So people support it.

[cobaltskky]

I guess I should be more of a "smiley lion" (is that from a book?)

http://www.amazon.co.uk/My-counting-book-Marybob-Baker/dp/030703917X

Dividends on Monday after all??  Yay!  Glad I bought some more shares this week.

[Zahlen]

By the way, I am personally a big fan of Anki, but we have been using our own in-house flashcard program since before Anki was available. It's written in Java and it's called Kongzi. We are going through a (very) slow process whereby it is being re-developed for the web and for public use.
...
Anki is still great if you don't care about layout and already have a good deck.

I was wondering about the name. Is it meant to be a pun on Confucius and something to do with words (zi)?

Yeah, it's easy (though still time consuming) to just dump info into Anki, but not easy to arrange things nicely. It was fine for a cheapass geek independent learner like me, but I can see why other people won't like it, especially if you have to use it as part of curriculum, or are paying for a course.

A web-based solution would be really cool!

We sold most of our shares on NXT AE. So it doesn't make sense anymore to keep re-evaluating the price in terms of BTC.

I've personally stopped thinking about Nxt's value in terms of BTC, since I'm hodling for the long term. But I get why you're concerned about it, since crypto trading in exchanges is still centered around BTC.

I missed the bit about dividends still going out on Monday. Thanks! And I'll pick up some more @ 16.

[cobaltskky]

Very nice dividend today!  Thank you!

[jefdiesel]

For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share.

Wait what? Coinomat is selling for 7NXT, and it is still severely underperforming as it is new and the crypto to fiat withdrawal market is in its infancy. Coinomat might still be a long shot, but its potential for growth is enormous. It's easy to imagine keeping funds on the blockchain and pulling them to a credit card when you wanted to spend. I could see that happening as often as people go to ATMs for cash withdrawal.
Just because KPS pays out a higher dividend for a few weeks does not imply a single thing about its net valuation. What's your exit strategy? Where are you going to find new markets? How are you going to handle constant growth, much less exponential growth?

I appreciate the small business, heck I run one IRL, but don't go getting ahead of yourself.

[printshop]

For example, based on the dividends coinomat is paying, a company paying 1 NXT per week should be valued at over 1,000 NXT per share.

Wait what? Coinomat is selling for 7NXT, and it is still severely underperforming as it is new and the crypto to fiat withdrawal market is in its infancy. Coinomat might still be a long shot, but its potential for growth is enormous. It's easy to imagine keeping funds on the blockchain and pulling them to a credit card when you wanted to spend. I could see that happening as often as people go to ATMs for cash withdrawal.
Just because KPS pays out a higher dividend for a few weeks does not imply a single thing about its net valuation. What's your exit strategy? Where are you going to find new markets? How are you going to handle constant growth, much less exponential growth?

I appreciate the small business, heck I run one IRL, but don't go getting ahead of yourself.

Actually I just had a few pm's with some private investors and similar themes seemed to come up. It seems that because I have called my company "kongzi print shop" people are getting the idea I'm trying to run a sort of kinko's. I had to laugh, one private investor offered to invest more money if I was willing to make some management style changes and add a regular photocopy machine for walk in customers. While a nice idea on the whole, it completely misjudges what kind of business I am in. C'est nes pas une printshop in the sense we are ever likely to have walk-in customers.

Anyways, dividend is a primary indicator of how much a company is worth. Another is payout ratio, which indicates how strong/reliable the dividend is. I'm speaking of dividend paying companies apart from non-paying companies of course. Right now Coinomat has promised investors a 3 to 4% interest rate per month, but are making about a tenth of that. Now, granted, their BTC volume is low (see: https://coinomat.com/globalstat.php), but based on the figures we are looking at and certain costs which do not scale well with size, it seems they would have to be approaching the volume of mt. gox in it's heyday before they will be able to keep their promise of paying half what KPS pays right now. And by then it won't be 3 to 4% per month, they will have sold too many shares. So the situation is, coinomat will only pay off for investors (vs. KPS) if it becomes the next Mt. Gox (in a good way), which I personally think is very unlikely to happen.

But I could be wrong; if I were to compare the ROI on KPS vs. Coinomat, we would have to give Coinomat about a year; if Coinomat does not double within the year, or significantly increase it's dividend, it should be given a lower valuation by the community (or KPS much higher). If we shorten that time to three months (a somewhat less reliable timeframe), Coinomat must increase to at least 10 NXT/share or it will fall out of line with expectations.