The massive proposal
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@nameless have a good weekend yourself =)
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can you buy 402 shares even if you dont own any of the other assets?
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@maxerez Yes of course. That's the asset ID 8947810155983655217.
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@nameless looks good to me... looking forward to the merge!
Welcome back mate ;D
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@gpedro said in The massive proposal:
@nameless looks good to me... looking forward to the merge!
Welcome back mate ;Dalready saving up for a bulk buy!
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me in too!
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Ok, so if everything is combined into 402, you are going to start paying a dividend in it as it currently does not have a dividend? Is this correct?
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@tomahawkeer said in The massive proposal:
Ok, so if everything is combined into 402, you are going to start paying a dividend in it as it currently does not have a dividend? Is this correct?
Yup
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Ok kids, weekend's over, fun's over....
I see we had no objections over the weekend on either of the threads, so i'll take that as a green light.
I need to line up some BURST first to pay out all the remaining dividends for the other assets. I will then post the instructions of how the redemption will work. It's simple, so no worries.
Given how much i have on my plate today, it's very likely that we only start the redemption tomorrow, but i'll post here if that changes. Stay tuned for more.
Oh, and i am on the verge of convincing my girlfriend to do some more fun stuff on behalf of 402. Wish me luck - i'm about to take on the dragon lady!
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@nameless Very nice..keep it up.. :)
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More good news for 402
We have a huge liquidity problem on the AE, which we are all aware of unfortunately. Well, i had a chat this weekend with one of our largest holders and he promised that after the merger is done, he will steadily increase liquidity of 402 each day with his dividends, as well as extra BURST he will pull in from exchanges. Looks like constant buy support in the 19-20 area is to be provided :)
On another note, why the hell do i have 14 followers? Do you people really care so much about my rambling on this forum? I swear...sometimes i don't get how this whole social media thing works
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@nameless said in The massive proposal:
Oh, and i am on the verge of convincing my girlfriend to do some more fun stuff on behalf of 402. Wish me luck - i'm about to take on the dragon lady!
The creepy old man in me raises his eyebrows and smiles at the thought.
The respectable and thoughtful person in me hopes this merger goes smoothly and without issues. :)
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You got to love these idiot brokers. ''instant withdrawals'' my ass ... still waiting for my BTC to buy BURST and handle those damn dividends already so we can have this wagon moving along.
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The FAD redemtion has begun. If you own shares in FAD, please see this thread : http://forums.burst-team.us:4567/topic/3652/redemption-of-nameles-s-assets
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As long as I make more Burst, I'm good with this. I trust you. Just let me know how and when.
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Any projections as far as time frames as to when everything will be moved over? Just wondering because there are still outstanding THStake shares out there, and I had buyback on it set back in December, and people haven't sold them. You have multiple assets to get transferred I cant imagine how long that will take.
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Any updates on this ?
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@tomahawkeer you should tag @nameless ;D
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@tomahawkeer , we're well into the process. Little over half way there in fact.
https://forums.burst-team.us/topic/3652/redemption-of-nameles-s-assets/55
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Hi @nameless, I have re-read you first post on this thread and I have a question ^_^
As far as I know 402 was conceived to be a retirement fund, long term perspective asset. Now with the merge of the other assets of yours you will be making periodic payouts. My questions is how your plan is conceived regarding the percents you will keep locked (as in any retirement fund) and the part you will use for payouts? I just got curious about that. Thanks






