[CLOSED] [DVC] ASCMDVCPT Cryptostock Investment

[metazilla]

I'm curious if you guys are going to be buying and issuing some more shares soon?

By my calculations, the shares seem to be overvalued:

On BTCT, one ASICMINER-PT share is 2.499btc = ~1999200dvc (at current vircurex exchange rate)
On the other hand, one ASCMDVCPT share is say 6000dvc, and is 1/1000th of a ASICMINER-PT share.
So they are about 3x as expensive as buying ASICMINER-PT shares directly.

As a shareholder, I'm not really complaining, but I want to buy more cheap shares! Wish I bought way more when they were 680dvc each!

[FuzzyBear]

I'm curious if you guys are going to be buying and issuing some more shares soon?

By my calculations, the shares seem to be overvalued:

On BTCT, one ASICMINER-PT share is 2.499btc = ~1999200dvc (at current vircurex exchange rate)
On the other hand, one ASCMDVCPT share is say 6000dvc, and is 1/1000th of a ASICMINER-PT share.
So they are about 3x as expensive as buying ASICMINER-PT shares directly.

As a shareholder, I'm not really complaining, but I want to buy more cheap shares! Wish I bought way more when they were 680dvc each!

Hello Metazilla yes we are looking into buying more shares but I have no timeframe for this at the moment. Yes the shareholders must be loving the value of the shares at the moment but it probably a reflection of the fluctuations on the price of dvc and the ASICMINER shares have seen a rise in value as well... but yes i'll keep you posted on any further developments for the investment.

[FuzzyBear]

Post on http://devcointalk.org/index.php?topic=6 asking some questions, posted my reply here for reference and further info for all

This investment is on a Pass Through.  This basically means that this investment in devcoins is being made to posses a fraction of another share (ASICMiner shares)

Are you aware of ASICMiner?? https://bitcointalk.org/index.php?topic=99497.0

It was a company that decided to invest in the research of ASIC mining devices, and rather than selling them to the public, they offered a chance for people to buy shares in the company and dividends would be paid out once the ASIC devices were made and started mining.

ASICMiner was the second company to produce a working ASIC, and currently is the ONLY  serious miner on ASIC devices.. though BFL is producing more now and Avalon have shipped some devices, but non of these companies compare to ASICMiner.... ASICMiner is actually the only serious miner that I know of that is still SOLO mining as they have THAT much hashing power... nice little graph here:
https://blockchain.info/pools
Shows them currently on 20% of the total network hashrate!!

So the investment ASCMDVCPT you are getting the chance to spend your devcoins to buy 1/1000th of a ASICMiner share.

We hold the ASICMiner shares... when we receive payouts in BTC on those we put buy orders in on Vircurex and buy as much DVC for the BTC we have and then distribute the DVC to those that have invested. 

Your investment in this mining opperation is different from a lot of other mnining opperations listed on cryptostocks and other share trading sites as this is a direct investment in a company very serious about BTC mining and that currently has the mining devices hashing away for them.

Other investments are for individual setups of rigs, most who are STILL waiting on devices to arrive to mine on (Thanks BFL....) so your investment with them can be seen as a LOT riskier. 

Bear in mind though that the dividend payout is based on 2 factors then... 1) how much btc is paid out from ASICMiner shares (how well ASICMiner is doing) and 2) the value of DVC to BTC (how well DVC is doing)  Note that there has been an increase in the BTC payout from ASICMiner, and a decrease in the value of the DVC, hence this means that there will be the maximum possible increase on the dividend payout, so it has been very good times for the investors in this listing as they have been getting more dividends  this is probably a reflection on the increase of the stock price.

Your could decide to invest in ASICMiner and buy your own BTC shares.... however we wanted to support devcoin and offer an alternative currency to invest in the largest single BTC miner in existence atm.  Also by this investment we aim to offer some buy orders on the DVC side of Vircurex trading to try to stabilize the price a little, and offer an alternative use for peoples DVC rather than just cashing them out straight to BTC.

Ok hope this answers some questions and raises a few more, so please feel free to ask anything else if you would like me to explain further

FuzzyBear

[FuzzyBear]

Sixth Dividend Payout

The Sixth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 34.38255666 DVC.

[FuzzyBear]

Seventh Dividend Payout

The Seventh dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 20.23662303 DVC.

[FuzzyBear]

Eigth Dividend Payout

The Eigth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 22.16528333 DVC.

[fishy]

I bought DVC at 140 satoshis each and now they are down to about half of that!  What will happen next? 

[peonminer]

When/how/where? To buy a share?

[fishy]

When/how/where? To buy a share?

Vircurex.  I just want to point out that DVC has been falling. 

[twobits]

When/how/where? To buy a share?

Vircurex.  I just want to point out that DVC has been falling. 

actually https://cryptostocks.com/securities/39

[FuzzyBear]

Ninth Dividend Payout

The Ninth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 28.93082151 DVC.

Thank you to all the investors in ASCMDVCPT

[shakezula]

Thanks for this, I'm going to pick up a few shares with my Devtome earnings and see where it takes me. Glad to be invested in ASICMINER, they deserve it.

[FuzzyBear]

Tenth Dividend Payout

The Tenth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 27.17240263 DVC.

Thank you to all the investors in ASCMDVCPT

[shakezula]

Tenth Dividend Payout

The Tenth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 27.17240263 DVC.

Thank you to all the investors in ASCMDVCPT

Do these dividends go in to the crypto-stock's balance wallet or directly to the DVC wallet (ala Devtome)?

[FuzzyBear]

Tenth Dividend Payout

The Tenth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 27.17240263 DVC.

Thank you to all the investors in ASCMDVCPT

Do these dividends go in to the crypto-stock's balance wallet or directly to the DVC wallet (ala Devtome)?

These dividends are paid direct into the cryptostock balance wallet

[shakezula]

Thanks!

[Praxis]

I just bought 1 million DVC  of your stocks.  

[FuzzyBear]

I just bought 1 million DVC  of your stocks.  

Thank you for investing please do not hesitate to ask any questions should you have them

[FuzzyBear]

Eleventh Dividend Payout

The Eleventh dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 36.57980507 DVC.

Thank you to all the investors in ASCMDVCPT

[jiefangqian]

good