[LTC Global] - LTCI - Litecoin investment fund offering micro-investing

[matthewh3]

I consider buying some of LTCI shares but would like to get some info first

- Do you plan paying dividends on monthly basis? Or is it dependent on your assets divs?
- What is your growth plan? Are you going to buy more dividend paying assets, "passive" ones or both?

Yes it does depend on when our assets pay out.  Which happens to be monthly for one of our assets.  So the dividends are paid monthly usually near the beginning of the month.

The plan is to focus on buying assets that pay dividends but only those with a strong organic growth plan.  We do need to diversify tho, so we do plan on buying more assets that don't pay dividends to balance our portfolio.

[creativex]

Hi Matthew. Shareholder with a question here. Safe to assume the assets listed on your spreadsheet current?

https://docs.google.com/spreadsheet/ccc?key=0Ap02rO_j4NLvdGNla1FmZGJUUVdhSGRnajVvenBCVUE#gid=0

Why no stake in Esecurity? Since they pay the highest dividend/LTC invested, have been regular as clockwork on paying, and redeem USD to pay dividends, it seems like a no-brainer to offset your mining shares.

Great job with the fund.

[matthewh3]

Hi Matthew. Shareholder with a question here. Safe to assume the assets listed on your spreadsheet current?

https://docs.google.com/spreadsheet/ccc?key=0Ap02rO_j4NLvdGNla1FmZGJUUVdhSGRnajVvenBCVUE#gid=0

Why no stake in Esecurity? Since they pay the highest dividend/LTC invested, have been regular as clockwork on paying, and redeem USD to pay dividends, it seems like a no-brainer to offset your mining shares.

Great job with the fund.

If they allow payment for there services from there customers in LTC and or BTC then we may look at them.  We are concentrating on stocks that generate LTC and BTC.  We have a large exposure to metals as there isn't enough safe LTC generating stocks to buy into.  As more LTC generating stocks come on the market we will sell our metal holdings to buy into them.  Current NAV/U is 0.8305400439LTC at bid offers for the shares we own and we have paid a total of 0.01128486LTC per share in dividends since we started operating about six weeks ago.  Dividends may move to being paid quarterly in the future.  Also after the remaing ~5000 IPO shares on offer at 1.00LTC are sold we may do another issue.  If we do another issue the price offer will be greater than the original 1.00LTC offer.

[matthewh3]

The NAV/U has now reached 0.9159031871 and there is 5104 shares at 1.00LTC left from the IPO of 10,000.  After the initial IPO is over we may look at another issue of up to 5000 shares at a dearer price than the inital 1.00LTC issue offer.  If the conditions are right.

[matthewh3]

Our current NAV/U based on the average seven day trading price of our holdings, plus wallet, divided by shares on the market is 1.1112632986LTC

[matthewh3]

Current NAV/U - 1.1312994861LTC - which is a 13% gain in three months since we first IPO'd in October at 1.00LTC per share.

[matthewh3]

The current NAV/U is 1.3192946713LTC.

[matthewh3]

Febuarys dividend is the biggest dividend to be paid yet

[DiCE1904]

Is this fund still active?

[matthewh3]

Is this fund still active?

Yes I'm still maintaining the fund and will continue to do so.  The discussion on the direction of the fund is held on the main litecoin forum - http://forum.litecoin.net/index.php/topic,676.0.html - I'm planning on doing a share swap scheme with my personal RSM shares once RSM starts to receive it current (1TH/s) of pre-ordered ASIC's.  To add some much needed new capital in the fund.  The dividends from the RSM shares will be used towards buying back all below NAV/U shares.  In the long term once that's completed is to use the dividends the fund receiving to invest in more litecoin based stocks.

[DiCE1904]

Is this fund still active?

Yes I'm still maintaining the fund and will continue to do so.  The discussion on the direction of the fund is held on the main litecoin forum - http://forum.litecoin.net/index.php/topic,676.0.html - I'm planning on doing a share swap scheme with my personal RSM shares once RSM starts to receive it current (1TH/s) of pre-ordered ASIC's.  To add some much needed new capital in the fund.  The dividends from the RSM shares will be used towards buying back all below NAV/U shares.  In the long term once that's completed is to use the dividends the fund receiving to invest in more litecoin based stocks.

Thank you for the link and the update