elective-stereophonic
elective-stereophonic
DGEX shares  
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.11.15 | Latest Experimental Nxt Client: Nxt 1.12.0e

Pages: 1 ... 5 6 [7] 8 9  All

Author Topic: DGEX shares  (Read 35518 times)

OrgiOrg

  • Full Member
  • ***
  • Karma: +6/-0
  • Offline Offline
  • Posts: 115
    • View Profile
Re: DGEX shares
« Reply #120 on: May 09, 2015, 10:41:53 am »

DGEX aims to purge and clear its customer reserves in order to start fresh with a new suite of services that involve direct p2p trading of cryptocurrencies, effectively eliminating the hazards of centralized exchange. Funds left on DGEX customer accounts on the old system will be used towards compensation of company losses, and towards the benefit of shareholders in the buyback / carryover offer in August - September 2015.

is it possible to deactivate the miniumum whitdraw amount for NXT? I only have 156 NXT on DGEX but I don't want to spend you just 1 NXT for your bad performance in the last year!!!
Logged

pnoch

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 1
    • View Profile
Re: DGEX shares
« Reply #121 on: May 20, 2015, 04:12:19 am »

So what's going on with DGEX now?

When is the buy share back start?

Cheers!
Logged

Graviton

  • Sr. Member
  • ****
  • Karma: +62/-30
  • Offline Offline
  • Posts: 297
    • View Profile
    • DGEX
Re: DGEX shares
« Reply #122 on: June 25, 2015, 08:03:16 am »

is it possible to deactivate the miniumum whitdraw amount for NXT? I only have 156 NXT on DGEX but I don't want to spend you just 1 NXT for your bad performance in the last year!!!
Excuse me but I found that funny :)

The purpose of the fee is not "spending" for "our bad performance". If it was real fee, it would be the fee for storing your NXT securely for a length of time. But in the case where the fee is only 1 NXT, it is required as a transfer fee by the NXT network and the storage and DGEX services in that case are free. Even when we cannot offer the charity any more, at an earlier phase we opted to pay the transfer fee for thousands of payments from our own pockets. The answer to your question is no.

When is the buy share back start?
Share buyback offer will be published / posted on the NXT Asset Exchange after the summer when customers have withdrawn their funds, likely in September.
Logged
* dgex.com operator * nextcoin.org founder * mofowallet.com multiwallet founding member

schnib

  • Newbie
  • *
  • Karma: +1/-0
  • Offline Offline
  • Posts: 3
    • View Profile
Re: DGEX shares
« Reply #123 on: June 26, 2015, 09:26:10 pm »

what happens with the dgex share holders ? will they get a share of the new company as well or just broke ? :(
Logged

lovely89

  • Jr. Member
  • **
  • Karma: +12/-0
  • Offline Offline
  • Posts: 66
    • View Profile
Re: DGEX shares
« Reply #124 on: June 30, 2015, 06:26:32 am »

is it possible to deactivate the miniumum whitdraw amount for NXT? I only have 156 NXT on DGEX but I don't want to spend you just 1 NXT for your bad performance in the last year!!!
Excuse me but I found that funny :)

The purpose of the fee is not "spending" for "our bad performance". If it was real fee, it would be the fee for storing your NXT securely for a length of time. But in the case where the fee is only 1 NXT, it is required as a transfer fee by the NXT network and the storage and DGEX services in that case are free. Even when we cannot offer the charity any more, at an earlier phase we opted to pay the transfer fee for thousands of payments from our own pockets. The answer to your question is no.

When is the buy share back start?
Share buyback offer will be published / posted on the NXT Asset Exchange after the summer when customers have withdrawn their funds, likely in September.

Any word on your plans for the future Graviton? It'd be a shame to see you disappear.
Logged

Graviton

  • Sr. Member
  • ****
  • Karma: +62/-30
  • Offline Offline
  • Posts: 297
    • View Profile
    • DGEX
Re: DGEX shares
« Reply #125 on: July 29, 2015, 08:43:32 pm »

Plans for the future are still open. The crypto exchange adventure has been exhausting. I might return to my other core competences of games production or other related opportunities. Exchanging is not out of the question totally, but centralized exchange entwined with the responsibility for customer funds likely is. Fortunately in these times we have a variety of possibilities, some of which may still be viable for such an old gaffer :)

In addition to the buyback offer (which will necessarily be at loss to most but those who have purchased from the market at some of the lower rates) to be posted for the holders of the DGEX virtual shares, I will attempt to arrange an alternative option to choose from.
Logged
* dgex.com operator * nextcoin.org founder * mofowallet.com multiwallet founding member

bionic

  • Newbie
  • *
  • Karma: +2/-2
  • Offline Offline
  • Posts: 12
    • View Profile
Re: DGEX shares
« Reply #126 on: July 30, 2015, 03:29:09 am »

is it necessary to withdraw our DGEX ?  or can those remain at dgex.com for possible buy back.

if they do need to be withdrawn, do they go to a NXT account?  i've never moved an asset so i'm unfamiliar with the process.  thanks
Logged

n3lz0n

  • Jr. Member
  • **
  • Karma: +3/-0
  • Offline Offline
  • Posts: 35
    • View Profile
Re: DGEX shares
« Reply #127 on: August 06, 2015, 12:46:29 pm »

following this thread, I have some DGEX shares. thanks.
Logged

tolstoy

  • Jr. Member
  • **
  • Karma: +1/-0
  • Offline Offline
  • Posts: 17
    • View Profile
Re: DGEX shares
« Reply #128 on: September 01, 2015, 04:12:31 am »

Plans for the future are still open. The crypto exchange adventure has been exhausting. I might return to my other core competences of games production or other related opportunities. Exchanging is not out of the question totally, but centralized exchange entwined with the responsibility for customer funds likely is. Fortunately in these times we have a variety of possibilities, some of which may still be viable for such an old gaffer :)

In addition to the buyback offer (which will necessarily be at loss to most but those who have purchased from the market at some of the lower rates) to be posted for the holders of the DGEX virtual shares, I will attempt to arrange an alternative option to choose from.

Sent you a PM.
Logged

yassin54

  • Hero Member
  • *****
  • Karma: +240/-14
  • Offline Offline
  • Posts: 2503
  • I am Homer, Sorry my english is Bad!!
    • View Profile
Re: DGEX shares
« Reply #129 on: September 30, 2015, 01:29:22 pm »

DGEX aims to purge and clear its customer reserves in order to start fresh with a new suite of services that involve direct p2p trading of cryptocurrencies, effectively eliminating the hazards of centralized exchange. Funds left on DGEX customer accounts on the old system will be used towards compensation of company losses, and towards the benefit of shareholders in the buyback / carryover offer in August - September 2015.

Any update?

LibertyNow

  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: DGEX shares
« Reply #130 on: September 30, 2015, 03:41:41 pm »

DGEX aims to purge and clear its customer reserves in order to start fresh with a new suite of services that involve direct p2p trading of cryptocurrencies, effectively eliminating the hazards of centralized exchange. Funds left on DGEX customer accounts on the old system will be used towards compensation of company losses, and towards the benefit of shareholders in the buyback / carryover offer in August - September 2015.

Any update?

Yes, last day of September....
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

yassin54

  • Hero Member
  • *****
  • Karma: +240/-14
  • Offline Offline
  • Posts: 2503
  • I am Homer, Sorry my english is Bad!!
    • View Profile
Re: DGEX shares
« Reply #131 on: September 30, 2015, 04:18:15 pm »

DGEX aims to purge and clear its customer reserves in order to start fresh with a new suite of services that involve direct p2p trading of cryptocurrencies, effectively eliminating the hazards of centralized exchange. Funds left on DGEX customer accounts on the old system will be used towards compensation of company losses, and towards the benefit of shareholders in the buyback / carryover offer in August - September 2015.

Any update?

Yes, last day of September....
;D ;D

Gradient

  • Jr. Member
  • **
  • Karma: +0/-0
  • Offline Offline
  • Posts: 25
    • View Profile
Re: DGEX shares
« Reply #132 on: October 12, 2015, 09:24:54 pm »

Share buyback offer will be published / posted on the NXT Asset Exchange after the summer when customers have withdrawn their funds, likely in September.
Graviton, how about shares buyback?
Logged

Graviton

  • Sr. Member
  • ****
  • Karma: +62/-30
  • Offline Offline
  • Posts: 297
    • View Profile
    • DGEX
Re: DGEX shares
« Reply #133 on: November 08, 2015, 08:47:22 pm »

Shares buyback is delayed because customer withdrawals have not completed and we don't know the amount of funds available for proceeds. Buyback offer will be published probably this month, at the latest by the end of the year. It will not be a high offer, but we may offer an option for shareholders to carry their stake over to a new venture.
Logged
* dgex.com operator * nextcoin.org founder * mofowallet.com multiwallet founding member

lovely89

  • Jr. Member
  • **
  • Karma: +12/-0
  • Offline Offline
  • Posts: 66
    • View Profile
Re: DGEX shares
« Reply #134 on: November 09, 2015, 08:41:49 am »

Shares buyback is delayed because customer withdrawals have not completed and we don't know the amount of funds available for proceeds. Buyback offer will be published probably this month, at the latest by the end of the year. It will not be a high offer, but we may offer an option for shareholders to carry their stake over to a new venture.

Good to hear something else is coming up.
Logged

LibertyNow

  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: DGEX shares
« Reply #135 on: November 17, 2015, 06:08:05 pm »

Buyback offer will be published probably this month, at the latest by the end of the year.

But not really because we'll have another convenient excuse by then...?  Seriously, Graviton, is it confession time? Do you actually have any money left or did $100k on Black 17, miss?

I want to know how much you currently have in the bank and how much is still owed to DGEX accounts and any other asset/debt related numbers. To those of us who actually know how run a public facing business, this is called a "balance sheet".  Feel free to pick up "Running a Business for Dummies" at your local book store and see if you can figure how to put this together.  A lot of us invested significant money in your venture and if you're broke we at least deserve to know rather than your circus level comments.

And yes, before you cry a river about me insulting you, I am insulting you so deal with it. I'm pissed like many others of this community who saw you pile drive a large chunk of cash and a decent business model into the ground.  After doing this, we all have to wait while you play games with us in the forums.

Sincerely,
LibertyNow
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

NXT1985

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 6
    • View Profile
Re: DGEX shares
« Reply #136 on: November 18, 2015, 09:02:32 pm »

I'm still waiting for a withdrawal of 52'000 NXT ordered by August 26. Graviton didn't give me any answer.

What the fuck is going on?
Logged

Graviton

  • Sr. Member
  • ****
  • Karma: +62/-30
  • Offline Offline
  • Posts: 297
    • View Profile
    • DGEX
Re: DGEX shares
« Reply #137 on: November 20, 2015, 03:06:36 pm »

I'm still waiting for a withdrawal of 52'000 NXT ordered by August 26. Graviton didn't give me any answer.
You have been replied to in the other thread.

Quote from: LibertyNow
But not really because we'll have another convenient excuse by then
I am not quite sure why you attempt to hasten us to use customer funds still in the system for making the share buyback offer. Maybe you think your share holdings are prioritized ahead of customers funds and that you would be entitled to be paid first? I can tell you they are not, and that DGEX settles customer holdings to a reasonable level before making the buyback offer for shareholders.

As for your other comments LibertyNow, I have told you this before in many different ways: DGEX was high risk business that thrived for a while, spiralled NXT from nothingness to its massive upswing that it's still descending from, raking hundreds of people beautiful profits, then DGEX failed. Not totally, as we are able to fulfill most customer obligations and even offer compensation for shareholders, but failed nevertheless like Icarus flying too high too quickly. You invested in business that failed. Like I did with some DGEX business choices, You especially made a failing business decision with your share purchase. There is no swindle involved (except for DGEX as the victim of numerous fraud cases, that were indeed the primary reason for its failure). You should really take due responsibility for your failure to invest your funds wisely. Let this long dragging "circus" settlement of shares be the learning of such responsibility for you, which - exceptionally in the crypto scene - will be completed decently in not too distant future.

Logged
* dgex.com operator * nextcoin.org founder * mofowallet.com multiwallet founding member

LibertyNow

  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: DGEX shares
« Reply #138 on: November 20, 2015, 03:41:50 pm »

I'm still waiting for a withdrawal of 52'000 NXT ordered by August 26. Graviton didn't give me any answer.
You have been replied to in the other thread.

Quote from: LibertyNow
But not really because we'll have another convenient excuse by then
I am not quite sure why you attempt to hasten us to use customer funds still in the system for making the share buyback offer. Maybe you think your share holdings are prioritized ahead of customers funds and that you would be entitled to be paid first? I can tell you they are not, and that DGEX settles customer holdings to a reasonable level before making the buyback offer for shareholders.

As for your other comments LibertyNow, I have told you this before in many different ways: DGEX was high risk business that thrived for a while, spiralled NXT from nothingness to its massive upswing that it's still descending from, raking hundreds of people beautiful profits, then DGEX failed. Not totally, as we are able to fulfill most customer obligations and even offer compensation for shareholders, but failed nevertheless like Icarus flying too high too quickly. You invested in business that failed. Like I did with some DGEX business choices, You especially made a failing business decision with your share purchase. There is no swindle involved (except for DGEX as the victim of numerous fraud cases, that were indeed the primary reason for its failure). You should really take due responsibility for your failure to invest your funds wisely. Let this long dragging "circus" settlement of shares be the learning of such responsibility for you, which - exceptionally in the crypto scene - will be completed decently in not too distant future.

More lame excuses and off point comments.  Yes, I admit, investing in DGEX was a horrible decision.  If I would have done more due diligence ahead of time, I would have realized that you actually have no idea how to run a business and there was never any chance of success.

However, the fact that you're dragging your feet on giving us any information just makes you look worse.  What I'm asking for right now is very simple and I'll line item it for you to help you focus:

1) A DGEX balance sheet.  Here's a link for you to read up on: http://www.dummies.com/how-to/content/how-to-read-a-business-balance-sheet.html What's cool about a balance sheet is that "liabilities" are also listed.  You take assets - liabilities, divide it by issued assets and wala, you get the equity/asset. It's pure magic, eh?  Then you can tell us how much we're going to get per share.  You could even go crazy and give us 2 numbers, one that includes unclaimed assets and one that doesn't.

2) Process the few requests that are listed and then actually honor the cutoff date rather then extending it over and over again.

LibertyNow

"If a business doesn't release its annual financial report within a few weeks after the close of its fiscal year, you should be alarmed. The business’s accounting system may not be functioning well, the business may be facing serious problems, it may be delaying the reporting of bad news, or it may have a serious unresolved dispute with its independent CPA auditor."
« Last Edit: November 20, 2015, 03:46:33 pm by LibertyNow »
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

Graviton

  • Sr. Member
  • ****
  • Karma: +62/-30
  • Offline Offline
  • Posts: 297
    • View Profile
    • DGEX
Re: DGEX shares
« Reply #139 on: December 31, 2015, 04:25:17 pm »

As promised to be done by the end of 2015, DGEX has now submitted a buyback offer of 16.50 NXT each for all the outstanding 46,256 shares on the NXT exchange.

Opportunity to redeem shares still residing on the DGEX member site will be arranged promptly in January 2016.

This buyback offer is not necessarily final, but it could be. We are still venturing to arrange a more favorable resolution, most likely through exchange of shares to another business. If such arrangements go through, the value of each share would be expected to be higher than this buyback offer.

The buyback price of 16.50 NXT is evaluated on what we consider possible and a fair estimate, taking into account existing business liabilities and that a significant portion of customer funds are still outstanding at DGEX's custody. It is unknown what portion of these will eventually be claimed until DGEX closes the possibility. This could possibly give us some leeway in pursuing the eventual share exchange arrangements later for a better rate.

The buyback offer will remain as is on the NXT Decentralized Asset Exchange until at least March 31st 2016, after which it may be withdrawn at our discretion.

We wish all DGEX customers, followers, and the NXT owners Happy and Successful new year 2016!
Logged
* dgex.com operator * nextcoin.org founder * mofowallet.com multiwallet founding member
Pages: 1 ... 5 6 [7] 8 9  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly