You are welcome to your own interpretation, but I have to warn you that thinking one layer deep is why some people make less money than others. Your example completely ignores my point.

Regarding my security, what do you find lacking?

What I'm saying is that my income from dividend fees is very very small.

There are many people that own thousands of TAT.AM. I'd like to run through an example for you, in order to show how small 5% of dividends is as a fee.

Okay, let's assume you want to buy 1 whole-share. In this example, the best price is, say, ฿2.5

Also, let's say the best TAT.AM price at the same time is ฿0.0245 (roughly 1% cheaper), making your total cost ฿2.45 for the equivaleny 100 shares.

Now, let's assume that dividends will be .036 for the next 3 months (this is definitely NOT guaranteed), which would get you a total of ฿0.46764 with your 1 whole-shares (or 100 TAT.AM shares).

If you owned TAT.AM, your 5% mgmt fee would total ฿0.023382 in that 3 months (about $2.86).

Total profit from whole-share: .46764 - 2.5 = ฿-2.03236
Total profit from TAT.AM shares: .46764 - 2.45 - 0.023382  = ฿-2.005742

So even after 3 months of very high dividends, and only paying 1% less for your TAT.AM shares, you are still doing better by 0.026618, which is MORE than I would have collected in fees in 3 months.

The point of this exercise is to show two things. First, that 5% of dividends is a pittance as far as management fees go. My liability of holding these assets in the passthrough is astronomical in comparison. Second, you must do the math to figure out whether the fee will ever affect you. If your goal is to flip the shares in 3-6 months, then the fee is barely a consideration. If you plan to hold shares for a year, then you need to calculate what you are paying for the shares, and what you think dividends will realistically be in that year, to see what the best choice is.

Regarding the inability to export/import shares. I have explained elsewhere that I have good reasons for this. First, I want to get board seat status, so exporting shares is counterproductive to that goal. Second, I want to make Friedcat's life easier and respect that he doesn't need hundreds of requests from me for people trying to convert TAT.AM shares into a handful of whole-shares every week. I might add import/export as a feature in the future, but if I do, there will be quantity minimums, just like the other PTs.

With my PT you also get someone that is dedicated to customer service, security, and transparency of share ownership. To my knowledge, these are not offered by all the passthroughs to the degree in which I provide them.

Thanks for listening!

You must actually hold shares when the asset operator distributes dividends.

People are pretty good about dividends in mid-transfer. The general rule is, if you've paid for it, and the xfer request is in process waiting on Friedcat, you own it.

Thanks for helping!

That is an incorrect oversimplification. But yes, one should read the prospectus of each asset carefully before purchasing.

1-5 days.

I'd say it happens dozens of times per day and seems to coincide either with orders being placed, filled or possibly with shares being issued. I haven't pinpointed it, but because I see the lag very often, I'm inclined to believe it is related to issuing shares... I really don't know!

They all pay relatively the same dividends. The TAT ones withhold 5% of dividends as a management fee. However, please note that this is 5% of divs, not 5% of share value. It would take like a year in 5% div fees to get to 5% of share value, possibly longer.

That is a math detail I've been meaning to clear up. Please take the time to actually figure out how much 5% div fees might cost before ignoring TAT shares. Sometimes getting a TAT share 1% cheaper than elsewhere can erase the worry of 5% div fees for the short term. I know it's a little complicated, but do the math and you'll see what I mean!

All my ASICMINER PTs are one in the same, but cumulative towards one total.

lol!

50 @ 2.38

50 @ 2.35

50 @2.35

50 @ 2.32

I can confirm that Friedcat is busy.

Welcome!

No, I had mine sent to Bitfunder, where DT has already placed them for me.

Unicornsters! Watch out!