[BitFunder] BTCINVEST - Low risk investment fund | Market cap: 2000+ BTC

[🏰 TradeFortress 🏰]

Dividends paid!

(Also, it's a bad idea to pay a lot more than 0.1 / share )

[iCEBREAKER]

Dividends paid!

(Also, it's a bad idea to pay a lot more than 0.1 / share )

Congrats on the dividend!

How did someone manage to buy 2 shares for 0.12?



Did you take down the 0.1 ask wall for a second?

[velacreations]

yeah, wtf was that?  I was looking at my holdings in Bitfunder, and all of a sudden, my BTCINVEST was worth 6 BTC.  I was like,

weird...  It hink they only bought 2 shares, though.

[🏰 TradeFortress 🏰]

Dividends paid!

(Also, it's a bad idea to pay a lot more than 0.1 / share )

Congrats on the dividend!

How did someone manage to buy 2 shares for 0.12?



Did you take down the 0.1 ask wall for a second?

Thanks!

Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.

[zx9r]

Dividends paid!

(Also, it's a bad idea to pay a lot more than 0.1 / share )

Congrats on the dividend!

How did someone manage to buy 2 shares for 0.12?



Did you take down the 0.1 ask wall for a second?

LOL It was a great success for the seller

[burnside]

Thanks!

Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.

When you issue divs in BF, is it a lump sum in the interface?  Or is it per-share?

Also surprising it'd issue divs on unsold shares?  That sounds like a bug, might contact Ukto, it's probably easy to fix.

Cheers.

[🏰 TradeFortress 🏰]

It doesn't really matter, just means I need to de-issue all the unsold shares and then re-issue it.

[Ukyo]

Thanks!

Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.

When you issue divs in BF, is it a lump sum in the interface?  Or is it per-share?

Also surprising it'd issue divs on unsold shares?  That sounds like a bug, might contact Ukto, it's probably easy to fix.

Cheers.

Dividends are paid to all issued shares.
Some issuers hold shares and prefer to have full logging/tracking of everything.

As of right now divs are issues on a per share price.
I have a lump sum option, as well as other options including only paying out for non-held issued shares in beta at the moment.

[burnside]

Thanks!

Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.

When you issue divs in BF, is it a lump sum in the interface?  Or is it per-share?

Also surprising it'd issue divs on unsold shares?  That sounds like a bug, might contact Ukto, it's probably easy to fix.

Cheers.

Dividends are paid to all issued shares.
Some issuers hold shares and prefer to have full logging/tracking of everything.

As of right now divs are issues on a per share price.
I have a lump sum option, as well as other options including only paying out for non-held issued shares in beta at the moment.

Cool, thanks for the clarification.

[🏰 TradeFortress 🏰]

Protip: 0.0099 and 0.099 are very different numbers

[🏰 TradeFortress 🏰]

Report:

Revenue
ASICMINER dividends: 4.13 BTC
G.ASICMINER-PT dividends: 0.7539 BTC
ATC777 loan: 0.215 BTC
scrybe line of credit interest: 0.1969 BTC

TOTAL: 5.2958 BTC
Paid as dividends: 4.7662 BTC
Dividends per share:  0.00131 / share

As always, the dividends will go out when the coins get 6 confirms on weexchange.

Assets
Not traded on an exchange:
83 ASICMINER (directly) - 70.55 BTC

BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc

Bitfunder total value: 95.81 BTC

btct.co
3 ESECURITYSABTC: 1.2 BTC
Coins: 2.185 btc

btct.co total value: 3.385 BTC

Asset loan to Ian Bakewell: 128.27 BTC
ATC777 loan (remaining): 28.73 BTC
scrybe line of credit: 35 BTC

Total loans / lines of credit: 192 BTC (nice round number )

Other bitcoin reserve: 1.6329 BTC

Total: 363.3779 BTC
Shares outstanding: 3631
NAV/share: 0.1 BTC / share

[zx9r]

BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc

Bitfunder total value: 95.81 BTC

Some typo here:

55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81

[🏰 TradeFortress 🏰]

BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc

Bitfunder total value: 95.81 BTC

Some typo here:

55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81

Sorry for the typo (fat fingers I guess), heck I'll throw in the 2.7 BTC

[zx9r]

BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc

Bitfunder total value: 95.81 BTC

Some typo here:

55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81

Sorry for the typo (fat fingers I guess), heck I'll throw in the 2.7 BTC

Not neccesary... just pointing

[burnside]

Quick thought.  You have a lot in G.SDICE.  (half the fund?)  Might hedge against pt/exchange issues by moving half of that into CoinBr?

Cheers.

[🏰 TradeFortress 🏰]

Quick thought.  You have a lot in G.SDICE.  (half the fund?)  Might hedge against pt/exchange issues by moving half of that into CoinBr?

Cheers.

It's hardly half the fund.. I'm holding SDICE shares for a reason and don't plan to liquidate it anytime soon, when we do it will have to be slowly because of the low walls on BF / the PT.

[burnside]

Quick thought.  You have a lot in G.SDICE.  (half the fund?)  Might hedge against pt/exchange issues by moving half of that into CoinBr?

Cheers.

It's hardly half the fund.. I'm holding SDICE shares for a reason and don't plan to liquidate it anytime soon, when we do it will have to be slowly because of the low walls on BF / the PT.

You are right, I looked at zx9r's abbreviated quote and saw 55.67 out of 95.81.  My bad.  It was just a thought. 

[btc-analyst]

What's about the asset loan to Bakewell? Which assets did you lend him and how do you make sure that he will return them?

[🏰 TradeFortress 🏰]

What's about the asset loan to Bakewell? Which assets did you lend him and how do you make sure that he will return them?

Lent:
5906 BTC-BOND
59 bASIC-MINING
7,737 G.SDICE

Ian Bakewell was available on skype (he didn't completely disappear) - his project involves using his carpentry skills offline which explains the lack of activity on bitcointalk & etc.

[stenkross]

Howdy, BTC noob here.
I've invested some in your bond already, and after loosing some BTC's in other investments I see the benefit of "Low Risk" in your bond.
And maybe I'll make your bond have bigger % of my total investments.

I do however have some questions:

1) On bitfunder it says you've issued 3'831 of 10'000 shares.
Are you planning on raising the amount of shares above 10'000 if there is a demand for it?
2) How many of your own BTC's have you invested in this bond?
If you don't mind me asking.
3) What is your thoughts on how the raise of BTC value will affect investment opportunities?
I mean, let's assume that value of BTC continue to $100, $150 or $200 in a near future, do you think that will affect your current investments, like ASICMINER and SDICE for example?

Thanx for taking the time.

//Stenkross