WIN.AVALON - Closed!

[wisard]

Discussion on the HorseRider bulk purchase thread:
https://bitcointalk.org/index.php?topic=158295.40

[wisard]

Also,

it is my recommendation to not buy Win.Avalon shares above the IPO price - unless you want to speculate on HorseRider not going for a refund.

According to my calculations, on liquidation, each share would receive a bit more than 0.0185 BTC.

[Kushedout]

Or...

1) Release more shares
2) purchase the Avalons from does who want refund.
3) Swing the vote
4) Pray for Avalon to start shipping after 14th.
5) BTCBTCBTC

[wisard]

So HorseRider had received the Avalons some time back.
He has sent the profits today - so dividends will be issued in an hour or so.

Some details:

HorseRider's BTC address where entire group's mining revenue goes to:
https://blockchain.info/address/1CZg4CTgLBk3LhrfthChZ4sh7NZwv6EX5P

HorseRider takes 10% management fees plus electricity.
Our stake is about 35% of the BTC that is earned in the above link.

HorseRider's payments to us:
https://blockchain.info/address/1J4fZYS4vTD3dBQCTW99XeeZTZm5AYJcQk

Growth fund BTC address:
https://blockchain.info/address/1Ksb8ANKsMUeFENQGXdGaRiLk1JDdCAwUY

[wisard]

Date: 16 August 2013
Total shares: 67,200
Total revenue: 33.76274218 BTC
Total dividend payments: 23.64 BTC

Total in growth fund: 10.12274218 BTC

[Kushedout]

Nice! Thanks Wizard.

[wisard]

So we may go with investing the growth funds with CoinHoarder's diversified group purchase.
https://bitcointalk.org/index.php?topic=268280.0

If anyone has an objection or any better ideas, please let me know either here or by PM.
Thank you.

[Kushedout]

So we may go with investing the growth funds with CoinHoarder's diversified group purchase.
https://bitcointalk.org/index.php?topic=268280.0

If anyone has an objection or any better ideas, please let me know either here or by PM.
Thank you.

That's a good idea. I already got some funds invested there.

[metal_jacke1]

You lost me with "China"

[wisard]

You lost me with "China"

Why?

Mining is not illegal in China. And HorseRider is very capable in dealing with any issues that come up.

[wisard]

Date: 25 August 2013
Total shares: 67,200
Total revenue: 24.76145455 BTC
Total dividend payments: 17.332896 BTC

Total in growth fund: 17.55130073 BTC

[wisard]

Date: 31 August 2013
Total shares: 67,200
Total revenue: 17.17057106 BTC
Total dividend payments: 12.01939200 BTC

Total in growth fund: 22.70247979 BTC

[salihno71]

Hi Wizard,
you have pm.

[wisard]

Date: 9 Sep 2013
Total shares: 67,200
Total revenue: 15.07947198 BTC
Total dividend payments: 10.55510400 BTC

Total in growth fund: 27.22684777 BTC

[wisard]

Date: 16 Sep 2013
Total shares: 67,200
Total revenue: 11.80674471 BTC
Total dividend payments: 8.26425600 BTC

Total in growth fund: 30.76933648 BTC

[wisard]

Date: 21 Sep 2013
Total shares: 67,200
Total revenue: 9.20591646 BTC
Total dividend payments: 6.44380800 BTC

Total in growth fund: 33.53144494 BTC

[wisard]

Date: 8 Oct 2013
Total shares: 67,200
Total revenue: 16.14024057 BTC
Total dividend payments: 11.29816840 BTC

Total in growth fund: 38.37402151 BTC

[Kushedout]

Any update on the divs?

[digit]

Any update on the divs?

any updates on an update :\

[wisard]

HorseRider moved to monthly dividends because the payout has been so low on mining.

Anyways Bitfunder is closing down on November 14. And I don't have the resources to manage the asset out side of Bitfunder.

I have created a buy wall from my personal funds for 0.00074 per share - which is more than what I think the asset is worth - as we cannot use the growth funds to buy new equipment (because no equipment on the market has a positive ROI as of now).

I recommend every one who wants to take advantage of the buy wall and take an exit.

I will make a final payment on Nov 11 and freeze trading after that - I will completely pay off the growth fund during the final payment.

Thank you.

Note: If anyone wants to take over managing the asset outside of bitfunder - or wants to buy the ASICs that are managed by HorseRider - send me a PM. Otherwise the above post stands and I'll wrap things up on 11 November.