NSR sell order adjusted
In numbers:
800,000 NSR @ 0.00000450
799,998 NSR @ 0.00000410
800,000 NSR @ 0.00000380
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I seems seldom would buy lots of NSR at your price, within one week.
I’ve said that when you are in short of money, seldom will lend u money.
So called NBT<->NSR shift is the old “debt-to-equity swap” in real world.
NSR sell order adjusted
In numbers:
799,998 NSR @ 0.00000410
800,000 NSR @ 0.00000380
800,000 NSR @ 0.00000350
2 Likes
NSR sell order adjusted
In numbers:
800,000 NSR @ 0.00000380
800,000 NSR @ 0.00000350
799,998 NSR @ 0.00000325
1 Like
NSR sell order adjusted
In numbers:
800,000 NSR @ 0.00000350
799,998 NSR @ 0.00000325
800,000 NSR @ 0.00000300
NSR sell order adjusted
In numbers:
799,998 NSR @ 0.00000325
800,000 NSR @ 0.00000300
The order placed at 800,000 NSR @ 0.00000280 bought into a buy order (@288 Satoshis) and was traded for 2.3 BTC.
1 Like
Another 29,000 NSR were sold.
Remaining orders:
In numbers:
799,998 NSR @ 0.00000325
771,062 NSR @ 0.00000300
All BTC proceeds (2.4 BTC so far) from the NSR sale have been put on buy side at an offset of approximately 90% following this inspiration:
I’ll leave them there until FLOT or shareholders make a decision what to do with them.
NSR sell order adjusted
In numbers:
771,062 NSR @ 0.00000300
652,946 NSR @ 0.00000275 (the difference to 799,998 was sold into buy orders when placing the order)
1 Like
Gone.
Price stays quite a bit above previous low.
Moment of truth.
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Not that bad rate at all!
Approximately $0.0017 for each NSR - it only looks very bad, if you look at the BTC rate.
That is of course a problem, if you try backing the reserve for trading on a NBT/BTC by NSR.
A good reason to put focus on increasing USD reserves as well as other assets.
3 Likes
So are we going to sell much more NSR during the next weeks?
Just bought about 333,000 NSR on Poloniex. Can’t pass up these low prices.
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Very likely, depending on the outcome of the “buyback calculation”.
The last calculation calculation combined with the current situation makes me think, that more NSR will be sold.
Maybe @mhps wants to run a calculation in between to report the current water level.
What’s the feedback on using several orders that got moved the way I moved them?
It seems to have lead to a good result. Would it have been better when using a single order? Who knows…
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Not much has changed. Be warned though: things can change quickly.
31.743468 - 199.380840 = -167.637372 BTC (17059.415807 - 107150.253945 = -90090.838138 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -8.3819 BTC (~ -4504.54 NBT)
Standard < -2500: Sell 4504.54 NBT (8.3819 BTC) amount of NSR next week.
3 Likes
As expected.
Thank you for running a calculation.
1 Like
All BTC proceeds (6.9 BTC, at $533 per BTC at the time of writing valued $3,677) from the NSR sale have been put on order at the NBT/BTC pair at offsets of 90% and above - in case someone desperately wants to get rid of NBT 
They remain there, until we FLOT or shareholders have decided upon a better use for them.
1 Like
What about putting half of them at spread <=1% ?
Good for you – you must be something like over the 9mNSR now? congrats
Aren’t we still paying ALP to serve that spread? 
I guess NSR holders are more desperate. 
Far from the end of share decline.