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BitHub
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June 18, 2013, 08:58:38 AM |
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Hi when do investors start receiving divs?
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BitHub
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June 18, 2013, 09:15:32 AM |
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ahh sweet, yeah i missed that, plz give div updates  |
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jmutch (OP)
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June 18, 2013, 09:19:31 AM |
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Yep no worries. I'll include it more specifically in the in the weekly report.
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alexius89
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June 18, 2013, 12:25:47 PM |
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any Trades so far? Something shares bought? Sold?
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jmutch (OP)
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June 18, 2013, 12:30:41 PM |
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I don't really like to disclose much outside the weekly reports.
But, it's been a quiet week. Mainly holding assets carried over from Friday. Probably do a trade before and after AM divs go out.
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jmutch (OP)
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June 20, 2013, 09:20:19 AM |
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Thank you bASIC. It's going to be another excellent week. |
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jmutch (OP)
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June 21, 2013, 07:15:21 AM
Last edit: June 21, 2013, 07:28:54 AM by jmutch |
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Weekly Report.It was a relatively quiet week for Sandstorm. It simply involved waiting for the optimal time to sell assets. Unfortunately I chose the wrong moment for both bASIC and ASICminer-PT shares. This means that profits were not what they could have been in retrospect. Due to the higher than expected increase in the price of bASIC, net profits were still good. These moments are hard to make judgement on as any trader can appreciate. However, I feel that I did shareholders justice by knowing to invest in bASIC in the first place. It was obvious that a price rise was imminent when buying last week. Unexpected good news from friedcat messed up plans to trade on the post dividend drop. I sold PT shares on thursday for 2.87 and decided to buy in again at 2.95 creating a loss for the PT shares. So, overall a mixed week with good net profits which could have been much better. Profits2.8BTC selling bASIC shares -.6BTC trading ASICminer-PT shares .181BTC ASICminer dividends .008BTC bASIC dividends Total =2.389BTC (1.389BTC to dividends+1BTC to carryover)
Dividends1.389/61420 = 0.000022614783458 per share (2.25% of market share value) Last weeks assets
Assets:
10 ASICminer shares @ 2.5
7 ASICminer-pt shares @2.48
10 bASIC shares @.69
4 BTC
Assets10 ASICminer direct shares (@2.5) 7 ASICminer-PT shares (@2.48 effective) 1 ASICminer-PT share (2.95) 16.45 BTC more info:https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=0
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Ac3Upz
Newbie
 Offline
Activity: 24
Merit: 0
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June 22, 2013, 02:33:59 PM |
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Hello Joshua, it seems to me that you are doing everything you can to build a reputation. Good work so far! I have a few questions: 1) What exactly does this (quote from the OP) mean? Joshua Mutch has a comprehensive background in economics and the Australian Stock Exchange. What is your experience in economics? How big is your own portfolio at the ASE? Please elaborate. 2) How reliable is your internet connection, do you have a backup alternative? (I'm asking because it happened to me - my ISP had outage at the time when I wanted to trade). 3) How much time do you spend trading/learning about bitcoin assets per day? 4) Do you have a deathswitch? Please elaborate. Full disclosure: I hold a few shares in SANDSTORM. |
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jmutch (OP)
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June 23, 2013, 12:54:56 AM |
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Hey Ac3Upz,
Some good questions:
1) I've been going to The University of Melbourne for 4.5 years, currently completing a Masters of Economics. I've been trading shares on the ASX and other global markets since I was 16(8 years). Before going to University, I had quite a large portfolio which I have now largely divested to pay my way through University. Now I just hold a few blue chips as a long term investment. This experience has given me some good tools for analysing markets and assets.
2)My internet is pretty reliable here in Melbourne. Never had an outage before. I would just cruise down to Uni if I did. They have some insane connection which I think is a part of the internet infrastructure of Melbourne.
3) On average I'd say around 1-2hours.
4) I've written instructions which a good friend of mine can initiate if I die. I've had this ever since I started dealing with large amounts of BTC. I've just updated it to include paying out investors. It's on an encrypted USB stick to which only my brother knows the password. I have full trust in both parties.
Hope this answers some questions.
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ArcticWolf
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June 23, 2013, 01:08:50 AM |
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How does one go about investing in Sandstorm?
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jmutch (OP)
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June 23, 2013, 01:13:51 AM |
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At the moment I'm selling IPO shares manually. So PM me if you are interested.
I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.
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TECHICENINE
Newbie
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Activity: 28
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June 23, 2013, 01:26:48 AM |
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At the moment I'm selling IPO shares manually. So PM me if you are interested.
I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.
i don't follow were you on the virtual exchange before,,,i see samdstorm "locked" on btct..thanks |
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BitHub
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June 23, 2013, 01:29:08 AM |
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thanks for the divs josh, interesting week you forgot to tell me about basic mining  i missed out on that myself (hard to keep on top of everything, but things with asicminer worked out on my end. |
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jmutch (OP)
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June 23, 2013, 01:32:32 AM |
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At the moment I'm selling IPO shares manually. So PM me if you are interested.
I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.
i don't follow were you on the virtual exchange before,,,i see samdstorm "locked" on btct..thanks Wait, are we considering that OP an actual contract? If it is supposed to be a security contract, the issuer should gpg sign it so we can know if it gets modified.
You can view the actual contract submitted on btco.co. The language in the contract is slightly different than the OP, but much of it is still poorly defined and vague. Why is it in "locked" instead of "awaiting approval"? Nothing nefarious. We asked him to operate it for 3 months, producing spreadsheets, etc, before we would allow it to be put to a vote by the mods. Cheers. No, I applied for btct.co but Burnside has indicated that the listing rules are steadfast in my case. The conditions are that you need to show 3 months operation before a listing can be considered. Sandstorm has been running about a month. cheers. |
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jmutch (OP)
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June 23, 2013, 01:35:45 AM |
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thanks for the divs josh, interesting week you forgot to tell me about basic mining i missed out on that myself (hard to keep on top of everything, but things with asicminer worked out on my end. It was public knowledge that early feb avalons were getting sent out last week. What would be the point of investing in Sandstorm if I told you everything! Yep staying long AM was a good choice over the last 2 weeks. |
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TECHICENINE
Newbie
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Activity: 28
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June 23, 2013, 01:36:24 AM |
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The conditions are that you need to show 3 months operation before a listing can be considered. https://btct.co/faqwhere does it say that?..thanks |
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jmutch (OP)
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June 23, 2013, 01:49:21 AM |
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The conditions are that you need to show 3 months operation before a listing can be considered. https://btct.co/faqwhere does it say that?..thanks Go down to: Asset Issuer Terms of Service. |
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TECHICENINE
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June 23, 2013, 02:18:17 AM |
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The conditions are that you need to show 3 months operation before a listing can be considered. https://btct.co/faqwhere does it say that?..thanks Go down to: Asset Issuer Terms of Service. oh i see you are just starting off then?...so Burnie is the one person in charge of making these decisions? whats his phone number?..thanks |
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Ac3Upz
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Activity: 24
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June 25, 2013, 07:06:20 PM |
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Hello Joshua,
thanks for previous answers.
I just want to ask about this: "Weekly profits exceeding 1% of the capital from public offerings will be divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism."
How is the weekly profit above 1% divided between "carry over fund" and dividends? Is there a formula?
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