VE- you don't even know what the term 'liabilities' represents, maybe you should leave the accounts analysis to someone else?

'lol'

VE- If I had anything to gain by massaging our CEO's ego you would have a point -  but obviously I don't. So my post represents my honest opinion. If you don't agree with the points I've made please question them. If you feel my points are valid then pretend they don't exist and also please continue to show your immaturity on here. Every thread needs a clown.

These accounts are very reassuring for at least 4 main reasons:

1) With the mention a few weeks ago by Ken that we are using an ex-SEC employed lawyer the fear was that we would be spending a small fortune on lawyers fees.

Legal Expense - 7,500.

Well done Ken, it seems you have adopted a very sensible and realistic approach to the legislative issue (ie you see the risks here and don't want to ignore them) and have spent what I would consider a minimum amount on legal advice. Top marks.

2) With the fact that the contract allows Ken to pay out all expenses before divs are paid it was feared he could simply assign himself large amounts of pay to the detriment of our bottom line (shareholder profit).

Payroll Expense 20,205

Considering Ken is also employing atleast one other person in the office (I believe) this is a reassuring sign that Ken is spending (and assigning himself) minimal amounts in wages so placing the least strain possible on company profits at this delicate time.

3) I asked Ken a week or so ago, maybe more, if these accounts will show his and staff wages because people are concerned they might be over the top. I got no response. I feared the worst - that we would see most of the income going out as wages. It's far from the case so from that I take it that when difficult questions are asked on here and no reply is given it doesn't mean we have to fear the worst. It might not be great communication and we can't say that is great obviously if that is the case. But it seems sometimes it may mean Ken simply missed the question, or he doesn't think it needs an answer (for whatever reason, maybe because he knows the answer will be available in a few weeks), or he feels for confidentiality reasons he can't answer at that time. Remember CEO's can get in serious trouble for leaking information that is considered influential on share price before official reports are released. There are strict rules on this to prevent insider dealing so with the SEC scrutiny that is around this industry right now I think most of the time Ken is just covering his back - for all our sakes.

4) We are solvent and show a healthy bottom line.

In summary, great job Ken, it looks like you've done a professional job so far on many fronts. I can't fault you personally on anything you have done, said or demonstrated throughout this whole venture. Keep it up.

At least Grinny is up front with this promotion - and its of something that may be of use to us. Unlike the troll who dares to question him - who does he work for? You couldn't make this up.

Incorrect. I was talking specifically about the new urban middleclass. It was you that brought up billionaires and I made only one brief mention of them in my reply.

Bye bye.

Fair point, but he's supposed to be the guy who foretold of the coming economic crisis from 2005 through 2007 and beyond. Seems like he's been predicting hyperinflation since 2009-10, still waiting on that one 4 years in.



Edit - S+P was down almost 40% in 2008 but for hedge funds 20% was the average.

Hedge Funds in general finished 2008 -18.3%, compared to S&P -37%.

http://www.marketfolly.com/2009/01/2008-hedge-fund-performance-numbers.html

I've had enough of China too.

I only brought up the Winklevoss prediction and tried to work out part of the journey towards this 400Bill Market cap to steer the thread into a bit of positive talk for a bit. Didn't really work. (exasperated) Every second person on here knows better than you do it seems - and they aren't afraid to tell you.

Yeah I heard about them. Like apparently they are about to make all their share holders rich. I'm gonna pm you, I like you.

There a lot of statistics and data in the article I put up a link to.

'The Diplomat.....international current-affairs magazine for the Asia-Pacific region. Since its launch in 2002'

It's from this year too, and you can see the source. Unlike your 14 year old chart with no known source. (snigger)

End of contact. Nothing you say is valid, or has any worth, just endless attempts at mockery and I'm not in the playground anymore. Unlike you, you sad sad little man.

I don't think we want any resent (sic) data on here do we?

Don't know, but putting up a chart that runs to around the year 2000 (14years old) is not exactly scientific. Don't let the truth get in the way of your argument. lol

No problem, you win, have a good day.

Quoting income per capita in a country of extremes of income, from extremely poor farmers to a middle class of hundreds of millions is not valid I'm afraid.

China is embracing BTC like no other country. The government have all but backed it. The 'Chinese ebay' is accepting BTC for some sellers. The Chinese are huge savers. China has the largest BTC exchange in the world. The Chinese economy is awash with 'new money' held by young forward thinking Billionaires who are more likely to trust crypto-currencies than old-school Western money that is more traditional in it's investment choice. That is only a short list, why are you so dismissive?

Today, the mass middle class – with annual household incomes of between $9,000 and $16,000 – are dominant, accounting for 54 percent of all urban households; upper middle-class households, with incomes of $16,000 to $34,000, represent only 14 percent.

http://thediplomat.com/pacific-money/2013/05/30/half-a-billion-chinas-middle-class-consumers/

So it's you who has made the stupid comment I'm afraid. You are mixing in the earning of the rural poor with the urbanites which is very clearly what the topic of my post was. Infact the middle classes in China buy significantly more flat screen TV's and Laptops than everyone in the US.

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

  Just kidding.

Winklevoss' predict market cap of BTC at 400Billion. And the rest I say.

Quite right, apologies, 13th.

It's half past 1 in the afternoon right now Ken's time (or very close). 'By the 13th' would be another 10hours from now.

14th

I mean you still have time.

What did you mean when you said you were unable to tender?