No...these are air conditioning chillers on the roof of a building somewhere. Where exactly would the hashing units go when the radiators are angled like that? They almost meet in a perfect v at the bottom.
Those are rooftop radiators in Hong Kong for a mining operation on lower a lower floor you twit. |
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I'll be interested to see whether the infrastructure exists to pay dividends calculated by the second.
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What's happening with CIPHERMINE dividends?
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No disadvantage whatsoever, as the mgmt fee is not deducted (never has been).
NAV=SUM(G14:G30) , where G30 is a negative value, the management fee. Is this public spreadsheet the one you use for your fund accounting? |
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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.
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. |
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Your spreadsheet subtracts the current week management fee from NAV, are you using this calculation for your buybacks?
Can you answer this?
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.
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. |
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Your spreadsheet subtracts the current week management fee from NAV, are you using this calculation for your buybacks?
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Distribution to shareholders will be done according to a public, defined timeline and action plan.
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A downside of the picostocks coint stock is that the underlying shares are in dollars.
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Thanks for the info smidge, it seems you are doing your best.
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Hi Vex, Can you show me where buybacks are referenced in the contract? Share buybacks have been referenced under "Cash Reserve" in the contract, plus they have been offered since the start of the fund and discussed in this thread. Quite a few investors have been using this instrument. Can you show accounting for these instances? Of course. As soon as buybacks are conducted, they show up in the next weekly report. Did you, or the fund, buy back the shares? Of course the fund buys back the shares through liquidation of it's assets. I do not own the fund, the shareholders do. I just own shares in it, like everyone else. You have highlighted one of the many obvious departures from the contract here. Cash reserve and liquidating assets are not the same thing. Or are you referring to the fund closure when you speak of liquidating assets here? A structured and professional wind down? This is hardly a well defined action plan and time line. What assets are you writing off as worthless? Will they be sold after the date of the fund closure if this is possible? The contract bares little resemblance to anything you have provided, and I consider it to be voidable. |
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Can you show me where buybacks are referenced in the contract?
Can you show accounting for these instances?
Did you, or the fund, buy back the shares?
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Smidge, were the buybacks bought by you personally, or the fund?
The weekly balance sheet shows the outstanding shares relatively unchanged week to week.
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Smidge, how long you you intend to maintain the forced dividend reinvestment?
The practice seems quite in discordance with the original prospectus.
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It could be variance.
~<20 big miners, high difficulty etc.
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still perfecting those scripts eh danny?  |
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maths. maths. maths. maths. maths. maths. RUN!
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 The well found ship is no joke. |
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 For pity's sake, invest in some new lines, you cheap bastard. |
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As always, I am prioritising my efforts in a way which I believe best serves the interests of all participants in the fund.
I will emphatically not be discriminating on the basis of position size.
This sounds like a prophylactic unrolling, with your own intrests in mind. |
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