btc.com and btc.ms is a huge difference. I'd expect it to sell around .2BTC or so.
I agree that its a huge difference, even if .ms domains do very well in search engine results. I am offering it at 1.7% of the btc.com price. |
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Hi. I haven't been on this forum for like, forever.
Can anyone explain real quick the current status of this feline (ad)venture and the dividend situation?
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Hi,
Terrific service, use it all the time. You guys definitely need a smartphone app. A 1x1 Widget on the home screen that displays the current mBTC rate is easy to develop and would be awesome.
I did not read the whole thread and I'm sure this has been requested before, so pls consider it as +1. Cheers.
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New informations?
Aaaaaaaaaaaaaaaaand again. New informations? Hi razerrr, What kind of information do you expect? Are there any shares you hold at this time, which will be liquidated in the future or is the prozess completed and no shareholder will get anything anymore? Pls PM me once there are tradeable shares out there (ActM, CM) to work out a process for that. |
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Interesting.
TAT, what is the ETA of a mining pool for this?
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New informations?
Aaaaaaaaaaaaaaaaand again. New informations? Hi razerrr, What kind of information do you expect? |
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What's happening with CIPHERMINE dividends?
Yes, i'm interested too. Hi, Of course, the before posted process also includes dividends. Which means: Any dividends paid by the securities CM and ActM will be included proportionately when the proceeds from their sale are paid out. |
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Seems like there are a few things going wrong at the moment...
Placed orders for 15k ZET yesterday, while buy and sell order display was behaving very strangely (prices were crossing over, orders not being executed) and now have two issues:
- 6583.xx of them are missing from my balance although the orders were executed, 8416.xx of them are showing correctly in Trade History
- After placing the buy order and having it partially executed as described, I placed a sell order for 42xx which is not showing at all, but has been deducted from my balance (the 8416.xx mentioned above)
Opened my first support ticket, let's see what they are going to do about these issues...
This happens to me like 5times a day ... Usually your balance will be credited in few hours ... Opened the ticket 15h ago, so let's hope they can fix it. |
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Seems like there are a few things going wrong at the moment...
Placed orders for 15k ZET yesterday, while buy and sell order display was behaving very strangely (prices were crossing over, orders not being executed) and now have two issues:
- 6583.xx of them are missing from my balance although the orders were executed, 8416.xx of them are showing correctly in Trade History
- After placing the buy order and having it partially executed as described, I placed a sell order for 42xx which is not showing at all, but has been deducted from my balance (the 8416.xx mentioned above)
Opened my first support ticket, let's see what they are going to do about these issues...
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Quarkcoin is the Miley Cyrus of altcoins.
Although it behaves strangely, ... I wanna get into it! |
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Same here, 6 confirmations. No balance or pending balance showing...
Just be patient, everything will be resolved in time. Yup, it's there now. |
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Please tell me when BTC will be credited immediately after 4 confirmations?
Enrollment on balance of takes more time and confirmations.
Perhaps deposit program still does not work?
For example, I now have 6 confirmations, but the balance is not received BTC.
Same here, 6 confirmations. No balance or pending balance showing... |
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So still waiting? Whats happens With the shares rated Art 0
Still waiting. Nope: So still waiting? Whats happens With the shares rated Art 0
Hi, As already pointed out several times before, all shares will be liquidated as soon as there is a fair market price for them. This is a separate process from the wind down that we are currently doing. As soon as ActiveMining and Ciphermine are tradeable again, we will also liquidate those positions and return the proceeds to the respective owners, which are our shareholders. Also, it does not make sense to hold shares until the last day, as the handling of the currently untradeable securities will be processed separately, as explained. Which is also the answer to: So that means, that the shareholders, who give back there smidgeshares, will get some additional BTC back, when selling the activminingshares, which can't be executet at the moment?
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The mgmt fee has never, ever been paid out to mgmt. It has been reinvested to increase the fund NAV for all shareholders since day 1. This will of course be continued until the wind down is complete.
I'm not saying it's been paid to management, but NAV calculated on your spreadsheet, subtracts the management fee. If you are using this calculation from the spreadsheet for the buy back price, then the management fee is effectively being charged for the last week. Yes, it is returned to the fund, to the disadvantage of those investors who have politely cashed out at your request. No disadvantage whatsoever, as the mgmt fee is not deducted (never has been). The announcement for closure was made on Nov 10th, that is why Dec 9th is precisely 30 days.
Also, your accusations posted here are annoying to say the least. The contract is being followed precisely and we are doing everything to pay out all shareholders, wind down is almost 90% complete as of today.
Then you changed the date. The contract calls for a defined timeline. Because more than two thirds of shares were bought back in the first two days. It's still precisely the defined 30 day timeline. |
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Hi Vex, Can you answer this?
The mgmt fee has never, ever been paid out to mgmt. It has been reinvested to increase the fund NAV for all shareholders since day 1. This will of course be continued until the wind down is complete. You changed the date to dec 9 on nov 17, so thats not 30 days.
The plan is so vague and inconsistent, yet you call on the very part of the contract that states it is to be handled in a clear and defined manner.
You have deleted the contract from the public record and depart from it at every opportunity.
It is becoming increasingly difficult to accept that nothing underhanded is going on.
wat? The announcement for closure was made on Nov 10th, that is why Dec 9th is precisely 30 days. Also, your accusations posted here are annoying to say the least. The contract is being followed precisely and we are doing everything to pay out all shareholders, wind down is almost 90% complete as of today. |
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What about any "fair" market price possibily reached into 2-3 months?
The fund will be closed already.
Hi ft73, We will still be handling the distribution of funds to the then ex-shareholders. We made the decision to close the fund and cannot wait for a (more or less up in the air) listing of some security with this. I hope you understand this. But once it happens, we will take care of things as promised. I'm glad you appreciate my feedback.
I was very cautios till now, too much actually, leaving things go from bad to worse.
To be sincere, i completely miss the "care" applied to both fund performance and current wind down.
What i see is shareholders spoiled and then put into a corner, with the fund closure notice.
I hope no scamming is involved, but the way you are operating is indeed suspect to me (especially the hurry), so i definetely won't exclude scamming until some proof.
Keeping an eye on this.
There are a lot of (possible) scams out there, and everyone is very sensitized on anything that does not go "according to plan". I understand that and I am in the same situation quite often. But it is not our fault that the BTC/LTC stock markets and the exchanges more or less imploded. Investors were able to cash out at any time during the funds operation. Nevertheless, we have already paid out more than 70% of all investors and are taking care of things. Edit: Regarding the "hurry", we estimated the buybacks of all shares to progress rather slowly. This is why we even increased the timeframe to Dec 31st. Because more than two thirds of shares have been processed in two days, we decided to shorten it to Dec 9th, but still comply with the 30 day timeframe stated in the contract. No hurry at all. |
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After about 90% loss it's already late to close and no reason to hurry.
Especially these times.
Being malicious i think you are liquidating shareholders with almost nothing (10% of investment), while keeping for you the assets.
You already put many assets value to zero due to debatable reasons, which now sounds like an easy way to drive NAV lower than due.
Now you hurry to close the fund.
Maybe you are simply a terrible manager or maybe you are also scamming people.
I'm keeping an eye on this as well as keeping my shares till closing, as suggested by my lawyer.
EDIT:
Being a Ciphermine shareholder myself and given the actual dividend i get, i really wonder how they may be worth zero.
Funds actually owns 389 Ciphermine shares, i'd rate them at very least 5BTC alone. Very conservatively.
They may be easily worth 2x - 3x within a couple months.
So, after a massive loss (about 90%), shareholders are now spoiled of any recovery possibility by some arbitrary decision of closing the fund.
Wrong timing and wrong decision in my opinion.
This is bad, i wonder how some people is accepting this so passively.
If you are really willing to close, then distribute assets to the remaining shareholders, so we can possibly choose what to make of them.
I think it's an option we deserve, given the situation you put us into.
So still waiting? Whats happens With the shares rated Art 0
Hi, As already pointed out several times before, all shares will be liquidated as soon as there is a fair market price for them. This is a separate process from the wind down that we are currently doing. As soon as ActiveMining and Ciphermine are tradeable again, we will also liquidate those positions and return the proceeds to the respective owners, which are our shareholders. Also, it does not make sense to hold shares until the last day, as the handling of the currently untradeable securities will be processed separately, as explained. Being malicious (...)
Hi ft73, I think it is very important to play Devil's Advocate from time to time to ensure everything goes as planned. We also need this feedback to optimize the processes. But please be a little more cautious with scam accusations, as we are handling both processes with great care. There will be an announcement about any buybacks, liquidations etc. as soon as they happen. This will be done via E-Mail, as always. (Untradeable shares...) are still displayed at a price of 0 for now, until we see trading activity on them. Therefore, NAV might seem lower in the balance sheet than it actually is.
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Smidge.Com Letter to Shareholders / Buyback and close dates
Dear Shareholders,
Within two days after last week's announcement, we bought back more than two thirds of the outstanding shares. Thank you everyone for your quick responses.
Due to the buyout going along more quickly than we expected, we decided to move the closure date from Dec 31st to Dec 9th, to comply exactly with the 30 day timeframe posted in the "Fund closure" section of the business plan.
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e-mail? I think i missed this.
Hi ft73, You received an e-mail to the address you specified when signing up. I just sent you a PM with the details. |
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