[OBITS] New Record - BuyBack and Burn in July executed with 5 864 799 BTS

Started by ccedk_pro, July 03, 2017, 03:53:54 PM

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hoanganha31

Is there any update on buyback voting? Anyone have information kindly share with us.

openledger

Quote from: hoanganha31 on July 04, 2017, 04:29:12 AM
Thank you so much for the update. I have some questions to ask. Could you help me to answer it.

So, we will keep the buyback in August 2nd or change?

How about the voting for the distribution until now? Where can i check the info? the link https://obits.io/voting is not working.

New way will be excuted depending on the voting in JUly and this voting option will be announced in coming days, it is not yet active.
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hoanganha31

Thank you so much for the update. I have some questions to ask. Could you help me to answer it.

So, we will keep the buyback in August 2nd or change?

How about the voting for the distribution until now? Where can i check the info? the link https://obits.io/voting is not working.


ccedk_pro

The BuyBack on July 2 with the following burn of 451 190 OBITS executed. Congrats!

90% OF AMOUNT FOR BUYBACK: 5 278 319 BTS

10% OF AMOUNT FOR BUYBACK:  50 OPEN.BTC

451 190 OBITS burned today.





451190 OBITS at 13.51 end price was sold in this July buyback  amounting to a total of  5.864.799 BTS of which 10% approx 50 BTC was used in the btc market. This amount will now be burned as well. At today's price this is 1 280 071 USD value. One more reason why I will ask for a vote to change buyback to be in bitusd only. The recent drop in bts value did not allow us to make the maximum out of this buyback. IT could have been around 2 million USD value if I had not needed to change to bts. Based on my using of the borrowing option I do have some extra bts still sitting on obits account, and this amount will be used to buy back OBITS throughout the month of JULY, provided price will rise in this time, so a small added support of another 986 000 bts used as collateral is still on account. It was not needed to comply with what I change in value on June 25th after the auction.

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