ericbot: Logged on 2019-11-06 16:53:28 asciilifeform: BingoBoingo: plox to initiate any piz auctions ~here~, as apparently lobbes's bot prints only where init'd.
BingoBoingo: I really don't see why interested buyers wouldn't set their own schedules for issuing !Xview commands either.
lobbes: this is a point; bot accepts most commands via PM as well (including !Xview and even !Xbid)
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BingoBoingo: asciilifeform mod6 Did you two work out an unsed FUCKGOATS split yet or do you want the auction to be launched as proposed. I'd like to fire off the auction commands shortly after the most of the loggers agree Friday has started.
snsabot: Logged on 2019-11-06 19:52:54 mod6: asciilifeform: I'm game for that if you are, Sir.
snsabot: Logged on 2019-11-06 19:25:33 asciilifeform: mod6: if you prefer : we could even split'em , 16 to mod6 ( who is 0.53630344 shareholder, would get 0.57+ of FG) and 12 then i'ma pick up ( 0.43 of'em )
mod6: let me re-read here quick.
mod6: Ok, so when I was saying
this was actually just referring to your two in your bunker.
snsabot: Logged on 2019-11-06 19:52:54 mod6: asciilifeform: I'm game for that if you are, Sir.
mod6: as for the others that are in .uy, discussion of taking our remaining btc left over from the piz liquidation to simply buy them and split 'em up... I'm a bit nervous about doing that until everyone else has been paid back.
mod6: asciilifeform: yup, will be getting you that info here by the end of the weekend.
mod6: reason being, if there are disputes or whatever, I think having a bit of our coins still there to settle said possible disputes makes me feel better.
mod6: does that make sense? if we 'spend' it now on FG hardware, we'd have no room to manuver.
mod6: I believe what he says, indeed. Just thinking we should act last / recieve our share of the coins last.
BingoBoingo: asciilifeform: Not quite yet. Planning to get started on that over the weekend after folks review. The necessary coin is on deedbot.
mod6: Yeah, ok, just to refresh my memory here, when are the auctions to begin?
mod6: I suppose BB is thinking 'asap', or let's just say for arguments sake, some time next week.
mod6: He's let everyone know that he won't entertain any disputes after November 30th (bingology.net/2019/pizarro-isp-pre-closing-statement).
mod6: I feel that the right thing is to leave our coins owed to us, sit until after that date.
mod6: I'm very much ok with that. I think it gives the customers time to do their own accounting and checking on the amounts.
mod6: After all of this, a clean closure of Piz is the least we can do for the community.
mod6: In this vein, let me re-read our little thread from yesterday again regarding the two in your possession. Just to ensure that what we're thinking tracks.
mod6: Sure, one sec, reading, considering.
mod6: np, will post here shortly.
mod6: Ok, I have a few differnt things I'd like to discuss and clairfy.
BingoBoingo: asciilifeform mod6 I would like to begin the auctions tomorrow.
BingoBoingo: I would like to auction things in my posession and only things in my possession. If there is any auction I proposed that you don't want me to do, because you would rather work out a deal between the two of you let me know.
BingoBoingo: Yesterday the unused FUCKGOATS here seemed to be the only items you were unclear on.
mod6: It is my assumption, please correct me if I'm wrong, that in the event that a ~Pizarro~ item up for auction sells for 1 satoshi over the reserve price (and it is not duly sold to BB), Pizarro will be paid the whole sum of the auction price.
BingoBoingo: All of the price for everything sold, except trinque's machine goes into the pile of coin you two will split.
mod6: The next thing that I'd like to discuss is in the charter.
mod6: It says, and I'll quote here: "Pizarro ISP shall issue Special Stock Warrants for 100,000 shares to ben_vulpes and 10,000 shares to BingoBoingo at a price per share of 0.00001 BTC, redeemable 1 year from the signing of this contract by all parties."
mod6: btw, buncha errors on the pizarroisp.net page.
mod6: In my estimation, ben_vulpes will ~not~ recieve ability to exercise his warrants for 100,000 shares because he did not complete his task by the 1 year date, stipulated as February 22nd, 2019 (see
http://paste.deedbot.org/?id=Azr6 ).
mod6: Does asciilifeform disagree with that?
mod6: Furthermore, it seems that BingoBoingo may be owed the right to exercise his 10,000 Special Stock Warrants, as he has completed his assignment through that date, February 22nd, 2019.
mod6: And I say 'may be', as I do not recall off hand if they already ~were~ executed and paid, or what happened exactly there.
mod6: As he switched roles and was paid the 1 BTC per year as manager, starting November of 2018. (Please say if I'm misremembering the dates, or otherwise).
mod6: Basically, I'm saying: ben_vulpes gets 0, BingoBoingo may be owed 0.1 BTC. Thoughts?
mod6: BingoBoingo: Did you already exercise these warrants? Did you forget about this when you did your pre-closing statements? Or is it all settled already?
mod6: asciilifeform: re the two FGs in your possession (in the safe/bunker), all of the thread above basically leads to this. We may yet, still owe out 0.1 BTC to BingoBoingo, which, according to the pre-closing statement have enough to cover, as it currently stands.
mod6: If we simply just split them up, you send me one of the two, and you keep one for yourself. Informally speaking, I think that we'd forego any realization we might have made from an auction on those items. Which since we appear to agree that this is ok, then it's ok.
mod6: Formally speaking, I'm not sure that such a move would be considered "text-book" as perhaps all piz items ought to be auctioned in a good-faith sense for the Business. i.e. Pizarro, in closure, will attempt to recover any and all monies it can for its share holders.
mod6: Please let me know if I'm not making sense or this doesn't track. I think I have a point here, hopefully I'm being clear. What's more, I'm just trying to ensure that we do this right. I've certainly never been through this process before, so I'm maybe being a bit over cautious.
mod6: In the end, any realization that would have come from the auction would be paid to ourselves, so it seems like it'd be 'ok'.
mod6: I guess, especially if we wait to move the two in your possession after December 15th, 2019, when all Pizarro business is stated to be put to rest.
mod6: Eh, anyway, I'd like to hear both of your thoughts on the above comments. I'm gonna take a bit of a food break and think this over as well.
BingoBoingo: mod6: I did not exercise warrants. I do not see any particular value in exercising the warrants.
BingoBoingo: mod6: Warrants are the right to buy stock at a certain value.
mod6: Ah ok! You don't see value in getting 0.1 BTC?
BingoBoingo: mod6: To exercise the warrant I'd have to pay 0.1 BTC
mod6: Oh my bad, I was forgetting how those worked. I think you're correct there. You have the right, but not the obligation to buy the shares for 0.1 BTC. Or something similar.
mod6: If this is in fact the case, thank you for setting me straight. Never the less, glad I brought it up. Wanted to make sure we didn't overlook this.
BingoBoingo: It's alright. Even if I did buy the warrants earlier, the surviving interest they's create would be roughly a bitcent.
BingoBoingo:
http://logs.nosuchlabs.com/log/pizarro/2019-11-07#1001009 << Because at least two shared hosting customers have been completely silent during the collapse. The deadline doesn't keep me from paying out clear claims sooner. It means as soon as December 1st rolls around I don't want to have anything Pizarro left to do other than pay the two of you, publish a final statement, and be available to assist auction purchasers pick up their goods.
snsabot: Logged on 2019-11-07 19:58:35 asciilifeform: mod6: i'm not sure why he gave >3 wks for folx to dispute, but apparently this was already declared, so will have to stick to it.
mod6: Also, I just re-read the Stock-Warrant #1 & #2 more carefully, it does say, "he shall be issued 10,000 shares upon payment of 0.1 BTC to Pizarro after ..."
mod6: Herp. Sorry for that waste of time.
mod6: Ok, srsly need food now, brb. I'm still thinking over the two FGs in alf's possession.
BingoBoingo: It's alright. Go eat, and reread the auction proposal again, preferably before I fire off the auction commands
snsabot: Logged on 2019-11-07 21:19:42 BingoBoingo:
http://logs.nosuchlabs.com/log/pizarro/2019-11-07#1001009 << Because at least two shared hosting customers have been completely silent during the collapse. The deadline doesn't keep me from paying out clear claims sooner. It means as soon as December 1st rolls around I don't want to have anything Pizarro left to do other than pay the two of you, publish a final statement, and be available to assist auction purchasers pick up their goods.
BingoBoingo: iirc when ben left the declined to exercise or accept other compensation.
BingoBoingo: Right, they will be paid. I'm not ruling out the possibility that there's other folks who may be out there
BingoBoingo: There shouldn't be, because I can see my sent-invoices
BingoBoingo: And I don't recall anyone hosting on a term longer than 1 year
BingoBoingo: Right, anyways I've got pictures taken of the machines. The shit VGA-HDMI cable was a mere cable and not an adapter so I saw no BIOS declarations of specs
mod6: asciilifeform: Yeah, no problem re: puzzle. I think it's been good to think through the process. I believe the best, cleanest way to do this is simply put them up for auction as well. And we can bid on them, just like anyone else.
BingoBoingo: mod6: The two FUCKGOATS in asciilifeform's care only have to be cleanly dealt with between you two.
mod6: Well, I think that this way all irons were handled with the same process. Cleanly. Done and done. No further explanations needed, now, or 100 years from now.
BingoBoingo: asciilifeform: It'll be sometime tonight after at least diana_coman's logger declares we are in Friday
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