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

[TsuyokuNaritai]

We also has some unused coins - one option is to pay it out as dividends to shareholders, other is to just invest them. Thoughts?

Reinvest! Use those skills to power up the fund & boost the share value to one doubling after another. Make your name legend & show ASICMiner how it's done!

[🏰 TradeFortress 🏰]

Revenue
ASICMINER dividends: 16.21 BTC
Graet.Loan - All reinvested
Btcquick dividends: 0.061 BTC
Loan Interest: 0.24 BTC
Share Buybacks: 2.43 BTC

TOTAL: 18.941 BTC
Paid as dividends: 17.0496 BTC
Dividends per share: "You will be issueing (17.04960000 / 3888) = 0.00438518 per share. Final Total: 17.04957984."

Assets
Not traded on an exchange:
203 ASICMINER (directly) - 497.35 BTC
116 NASTYFANS "seats" - 33.41 BTC

BitFunder
2031 G.SDICE shares: 4.87 BTC
49 G.ASICMINER-PT shares: 120.1 BTC
197,899 btcQuick: 12.86 BTC
2380 Graet.Loan: 23.80 BTC

Bitfunder total value: 161.63 BTC

Btcjam secured loan (remaining): 3.21 BTC

CoinLenders 90 day CD: 44 BTC

Total loans / lines of credit: 47.21 BTC

Total coins: 18.66 BTC

Total: 758.26 BTC
Shares outstanding: 3888
NAV/share: 0.19502 BTC / share

[stephwen]

Great!
Thanks, TF 

[MikeMark]

Wow, great! Double the dividends and a growing NAV.

If anyone takes you up on that bet, will you place the proceeds in BTCINVEST? 

[TsuyokuNaritai]

Awesome dividend, thanks.

Share Buybacks: 2.43 BTC

Total: 770.44 BTC
Shares outstanding: 4000

Total: 758.26 BTC
Shares outstanding: 3888

How does this work? The outstanding shares has fallen, as if the fund spent money to buy it's shares back, and there's less total NAV to match it - it's like "Share buybacks" should be about 10 times bigger with a minus in front, but I maybe made a n00b mistake. Thanks.

[Edit - or maybe "Share buybacks" is spread buy/sell profit, and the sell/buy totals themselves aren't shown?]

[🏰 TradeFortress 🏰]

Yeah, that was the profit from buying back shares cheaper than our NAV.

[TsuyokuNaritai]

If your big ask wall at NAV/share (฿0.195020 now) gets filled, do you add more or is that it for 2 weeks?

And the 95% (฿0.1850 is you I'm guessing) bid wall, is that replenished? (If not, a big investor would have trouble getting out quickly).

Sorry to be hogging your page this week.

[🏰 TradeFortress 🏰]

If your big ask wall at NAV/share (฿0.195020 now) gets filled, do you add more or is that it for 2 weeks?

And the 95% (฿0.1850 is you I'm guessing) bid wall, is that replenished? (If not, a big investor would have trouble getting out quickly).

Sorry to be hogging your page this week.

Yes, and for big investors who want to sell PM me and we can work it out in advance

[arch]

TOTAL: 18.941 BTC
Paid as dividends: 17.0496 BTC
Dividends per share: "You will be issueing (17.04960000 / 3888) = 0.00438518 per share. Final Total: 17.04957984."

Why is management fee not shown in the latest posts, I liked the way transparency was maintained in earlier bi-weekly updates/dividend posts

[🏰 TradeFortress 🏰]

TOTAL: 18.941 BTC
Paid as dividends: 17.0496 BTC
Dividends per share: "You will be issueing (17.04960000 / 3888) = 0.00438518 per share. Final Total: 17.04957984."

Why is management fee not shown in the latest posts, I liked the way transparency was maintained in earlier bi-weekly updates/dividend posts

Management fee is 10%.

So 0.9 * 18.941 = 17.0496

[TsuyokuNaritai]

So 0.9 * 18.941 = 17.0496 17.0469

FTFY. Thanks for the extra 0.0027 BTC

[infested999]

Total: 770.44 BTC
Shares outstanding: 4000

Does this mean that this business in total handles about $77,000?

[🏰 TradeFortress 🏰]

Market cap of BTCINVEST is more around 80k USD.

[somestranger]

Can't wait to see what the new NAV will be with this ASICMINER appreciation. Looks like there are no more shares left for 0.197 after I bought the last 44 and someone smart grabbed over 200 earlier.

[VeeMiner]

I have quickly read through the thread and it seems to me like the only share with some real quality and dividends is asicminer. So I guess it makes more sense to just invest in asicminer...

[somestranger]

I have quickly read through the thread and it seems to me like the only share with some real quality and dividends is asicminer. So I guess it makes more sense to just invest in asicminer...

I sold some ASICMINER around 2.85 and bought BTCINVEST at .197 expecting the value to go up proportionally and ended up making more unrealized gains this way. It is also a lower risk investment since it is more diversified, but yeah having 10 shares is about like having 0.75 ASICMINER. Now that both have appreciated it is really up to whether you think ASICMINER is definitely going to go up, or if you want the lower risk of BTCINVEST and it sounds like you've made your decision.

[joele]

I should have bought some last week while price was 0.19+

[TsuyokuNaritai]

I should have bought some last week while price was 0.19+

If you buy a bunch now you're still an early adopter.

Better be quick though, the 2-week dividends are tomorrow.

[🏰 TradeFortress 🏰]

And has some nice ASICMINER trading dividends

[🏰 TradeFortress 🏰]

Revenue
DMS combined dividends: 3.36 BTC
ASICMINER dividends: 13.41 BTC
NastyFans dividends: 0.3712 BTC
Graet.Loan - All reinvested
BASIC-MINING trading: 0.62 BTC
ASICMINER trading: 7.74 BTC
Loan Interest: 3.21 BTC

TOTAL: 28.7112 BTC
Paid as dividends: 25.84 BTC
Dividends per share: "You will be issueing (25.84000000 / 4888) = 0.00528641 per share. Final Total: 25.83997208."

Assets
Not traded on an exchange:
203 ASICMINER (directly) - 641.48 BTC
116 NASTYFANS "seats" - 40.6 BTC

BitFunder
41 G.ASICMINER-PT shares: 129.97 BTC
18061 Graet.Loan: 180.61 BTC
199 G.BBET: 0.1592 BTC

Bitfunder total value: 310.8392 BTC

btct.co
300 DMS.SELLING: 11.1693

btct.co total value: 11.1693 BTC

CoinLenders 90 day CD: 44 BTC
CoinLenders 90 day CD #2: 50 BTC

Total loans / lines of credit: 94 BTC

Total coins: 63.712 BTC

Total: 1161.8005 BTC
Shares outstanding: 4888
NAV/share: 0.2375 BTC / share