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Surf Capital Management
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March 06, 2014, 01:56:12 AM |
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You are waiting for “reasonable prices” to liquidate the remaining shares but this is vaguely, if at all, defined.
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
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No Gods or Kings. Only Bitcoin
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Carnth (OP)
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March 06, 2014, 03:58:51 PM |
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You are waiting for “reasonable prices” to liquidate the remaining shares but this is vaguely, if at all, defined.
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
Hi Garret. You have questions for me a concerned shareholder would have. Please be assured that this fund is not selling any new shares. I do have a public ledger of all shareholders who have properly claimed their shares--with public Bitcoin addresses. I have taken great lengths to make sure the closing of MiningCo.ETF is/was as painless as possible. This included not liquidating assets during the time of BTCT.co and BitFunder shutting down. To get the complete story, I would invite you to read through the pages of this thread. I have always managed this fund openly so that everyone knows what is going on. Every step I have taken with the fund and its closing has been documented. I'm sure this will answer every question you may have. A great place to start will be here: https://bitcointalk.org/index.php?topic=134389.msg3271331#msg3271331 |
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Carnth (OP)
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March 13, 2014, 10:20:10 PM |
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Sent a total of 0.128998 to the public address.
0.133998 - 0.005 (fee)
These are GMP dividends proceeds. While I was there, I put a sell order for for our GMP: 20 @ 0.294999 each.
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Carnth (OP)
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April 04, 2014, 09:22:37 PM |
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what's your current valuation of the NAV/share?
I just did something I have done in a long time. I updated the NAV on the spreadsheet. It is currently: 0.0177 as of this post.
Keep your eyes open for selling opportunities. PM me! |
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Surf Capital Management
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May 12, 2014, 07:25:38 PM |
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what's your current valuation of the NAV/share?
I just did something I have done in a long time. I updated the NAV on the spreadsheet. It is currently: 0.0177 as of this post.
Keep your eyes open for selling opportunities. PM me! Updates on NAV since the COG liquidation? |
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Carnth (OP)
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May 12, 2014, 07:50:32 PM |
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Updates on NAV since the COG liquidation?
We owned 135 shares of COG at it's liquidation. Liquidation was at 0.00762344 per share. We received a total of BTC1.02916440 for COG shares. This brings our NAV to 0.0166 per share.
Including previous accrued dividends, a total of BTC1.35928835 (1.36028835 - 0.0010 fee) has been deposited on the public address. |
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Carnth (OP)
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July 29, 2014, 11:03:57 PM |
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I think it's about time to liquidate the rest of our shares are distribute the proceeds to everyone.
The spreadsheet (link in second post) show all our assets.
Here's a summary (with rough BTC valuations):
Bitcoin 23.9637
Accrued Dividends 5.2888
Nasty Fans 3.3000
bASIC-MINING 0.0000
GMP 2.5000
ASCIMINER 4.7600
I apologize that this has taken way longer than it should have.
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iCEBREAKER
Legendary
 Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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July 30, 2014, 08:30:12 AM |
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No need to apologize Canth, you've done a fine job. It's a shame about BASIC and COG, but live and learn.
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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ffwong
Member
Offline
Activity: 102
Merit: 10
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August 03, 2014, 03:35:44 AM |
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I think it's about time to liquidate the rest of our shares are distribute the proceeds to everyone.
The spreadsheet (link in second post) show all our assets.
Here's a summary (with rough BTC valuations):
Bitcoin 23.9637
Accrued Dividends 5.2888
Nasty Fans 3.3000
bASIC-MINING 0.0000
GMP 2.5000
ASCIMINER 4.7600
I apologize that this has taken way longer than it should have.
Though it did not turn out what I wish, I appreciate your work, Carnth. |
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Carnth (OP)
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August 04, 2014, 04:14:20 PM |
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In order to get this done, I feel we may have to dump.
I'm sure at this point everyone just wants to get this over with.
Any questions, comments? Let me know.
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 04, 2014, 05:35:24 PM |
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In order to get this done, I feel we may have to dump.
I'm sure at this point everyone just wants to get this over with.
Any questions, comments? Let me know.
I'm not bothered by waiting longer for a better return. But what the institutional/counterparty risk Havelock may shut down? |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Ashitank
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August 05, 2014, 04:50:25 AM |
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In order to get this done, I feel we may have to dump.
I'm sure at this point everyone just wants to get this over with.
Any questions, comments? Let me know.
Do it Carnth  |
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stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
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August 05, 2014, 08:13:20 AM |
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.... Havelock may shut down?
Imminent, i would say. |
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Carnth (OP)
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August 05, 2014, 03:27:43 PM |
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.... Havelock may shut down?
Imminent, i would say. The good news is that we don't have anything on Havelock. However we do have 17 ASICMINER direct shares. It might be easier to load them on Havelock and sell. Of course, the easiest would be if anyone here would be willing to purchase direct from MiningCo.ETF. If you or anyone you know would like to purchase ASICMINER shares at a fair price, please let me know.I have been slowly lowering the price of our NASTY FANS and GMP shares over the last couple of days, but no bites as of yet. |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 05, 2014, 10:01:20 PM |
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.... Havelock may shut down?
Imminent, i would say. The good news is that we don't have anything on Havelock. However we do have 17 ASICMINER direct shares. It might be easier to load them on Havelock and sell. Of course, the easiest would be if anyone here would be willing to purchase direct from MiningCo.ETF. If you or anyone you know would like to purchase ASICMINER shares at a fair price, please let me know.I have been slowly lowering the price of our NASTY FANS and GMP shares over the last couple of days, but no bites as of yet. Try crossposting this to the AM threads. Once upon a time, there was an OTC trade thread. Maybe Friedcat will buy them back!  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Carnth (OP)
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September 18, 2014, 05:58:50 PM |
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GMP shares have been liquidated.
We had 20 shares. They sold for 0.11 BTC each.
After exchange trade fees this net totals 2.1967 BTC.
This amount has been added to the "Bitcoin Reserve" in the spreadsheet.
Along with accrued GMP dividends, 2.2963051 BTC has been transferred to the public address.
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tekke
Legendary
Offline
Activity: 854
Merit: 1000
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October 07, 2014, 05:40:40 PM |
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GMP shares have been liquidated.
We had 20 shares. They sold for 0.11 BTC each.
After exchange trade fees this net totals 2.1967 BTC.
This amount has been added to the "Bitcoin Reserve" in the spreadsheet.
Along with accrued GMP dividends, 2.2963051 BTC has been transferred to the public address.
Thanks for the info. Is there an ETA on the closure of the fund? |
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Carnth (OP)
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October 08, 2014, 09:34:55 PM |
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GMP shares have been liquidated.
We had 20 shares. They sold for 0.11 BTC each.
After exchange trade fees this net totals 2.1967 BTC.
This amount has been added to the "Bitcoin Reserve" in the spreadsheet.
Along with accrued GMP dividends, 2.2963051 BTC has been transferred to the public address.
Thanks for the info. Is there an ETA on the closure of the fund? We still have Nasty Fans and ASICMINER shares to liquidate. I was hoping the the price drop of BTC would help the BTC price of Nasty. Instead the price of Nasty has dropped over the last month. I'm trying not to take a big hit (BTC) wise, but I may have to just sell at a large loss than I wanted to. Again, if you or anyone you know is willing to pay a fair price for ASICMINER shares, please have them PM me. |
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tekke
Legendary
Offline
Activity: 854
Merit: 1000
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October 10, 2014, 04:12:20 AM |
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GMP shares have been liquidated.
We had 20 shares. They sold for 0.11 BTC each.
After exchange trade fees this net totals 2.1967 BTC.
This amount has been added to the "Bitcoin Reserve" in the spreadsheet.
Along with accrued GMP dividends, 2.2963051 BTC has been transferred to the public address.
Thanks for the info. Is there an ETA on the closure of the fund? We still have Nasty Fans and ASICMINER shares to liquidate. I was hoping the the price drop of BTC would help the BTC price of Nasty. Instead the price of Nasty has dropped over the last month. I'm trying not to take a big hit (BTC) wise, but I may have to just sell at a large loss than I wanted to. Again, if you or anyone you know is willing to pay a fair price for ASICMINER shares, please have them PM me. Thanks for the answer. |
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