Sometimes when I get upset I like to blow off steam by "typing angry". Then I inevitably think better of it and go back and edit the post. *shrug* Deprived's posts here calling his investors idiots and retards struck a nerve. Yes people make mistakes and sometimes people should know better. But even when you are running a mining security you do your best. I run BMF and I find myself fleeing mining bonds and getting into face value to save my investors. Because I want to protect them. I do not think of my investors as idiots and retards.
I could go into all sorts of reasons why selling a virtual security below the cost of actual production is a ridiculously dangerous idea (and it is -- it is bound to have severe, unforeseen economic consequences) but that is not the topic of this discussion. I've decided to just condense it into this:
"Is DMS in violation of the BTC-TC terms of service?"
http://www.reddit.com/r/BitcoinStocks/comments/1k3cft/is_dms_in_violation_of_the_btctc_terms_of_service/Thank you for your time, dear readers.
Eventually you - and other retards - will get it into their heads that DMS.Mining is a bet with those who hold DMS.Selling. My role is mainly to act as an escrow allowing them to speculate against one another. I don't sell DMS.Mining OR DMS.Selling - so holders of neither are investing (to any large extent) with me. I qualify it with "any large extent" as they ARE investing with me to the degree that I invest some of the capital to generate modest returns - but I have no control over the prices traded at or the amount of dividend each receives.
So when I refer to people as retards or idiots it's for entering into a bet at a bad price with whoever they bought their MINING from. It has nothing to do with investing in me - as they AREN'T investing in me : nothing I do is going to change what those holding MINING receive (unless I do something really stupid with the capital).
I could have made a lot more profit if I'd set the prices myself rather than allowing anyone who wants to market-make (i.e. kept MINING priced just under the lowest-priced competitor). But I don't run investments like that - anything I run which relies on my judgment is going to be designed to make all investors profit.
As for your question of whether I'm breaking the asset-issuers' terms of service. No I'm not. Read them more carefully - hint: the rule isn't a blanket ban on investing in securities with same issuer (there's a qualifier).
Rest of your reddit post is just you showing your usual lack of understanding : somewhere you seem to have got the mistaken impression that LTC-ATF/B1/B2 invest in coinlenders - they don't. You also seem to believe that DMS mainly invests in my own securities - it doesn't (it has less in mine than in either of Coinlenders or J-D). You also seem to believe investors in PURCHASE make a loss because of my 3% management fee - they don't (you can check what it started selling at, take off dividends to date and compare to current price - you'll find it's made a profit). In short you've got none of your facts correct on which you base your conclusions. Which is about par for the course.
Haven't you got better things to be doing? Like:
Paying back the Nyan.A investors who were promised their money back in Q1.
Continuing your 'buy-back' offer on BMF which strangely results in outstanding shares count increasing. As with previous buy-backs seems it's just a feeble attempt to pump the price for you to sell into.
Try to devise ways to explain why an investment fund that is only mandated to invest in Mining securities ends up with way more in non-mining than mining-related. All BMF seems to be is a vehicle to invest across bonds issued by other people with the occasion spell of chucking away some cash on overpriced PMBs.
Try to find ways to pump your valuation of assets. Valuing fixed-rate bonds at the compulsory buy-backs was a good start - but that's only inflated it a little bit.
And if my investmetns are so dodgy why is it you always seem to end up holding them?
