5/7/2013
Weekly Report.Every week in the bitcoin world is proving to be interesting so i’m going to stop saying that. The recent drop in BTC market price seems to have sent ripples of volatility and uncertainty throughout the economy.
It was decided that 3 ASICminer - PT shares should be sold for 4.999BTC pre-dividends. I couldn't see prices going far above that due psychological factors. This turned out to be good speculation. I will realise the profits from these 3 shares. PT shares were re-bought at a lower price of 4.34BTC.
I see the direct AM shares as a long term investment. Further profits from selling AM-PT shares may be realised over the next few weeks. However, most of this serious profit will go to the carryover fund. This is due to the uncertainty which is emerging.
The remainder of the LTC holdings were liquidated at .033.
This still leaves Sandstorm highly exposed to ASICminer. I’m currently searching for other solid trading opportunities in the BTC world.
The transition to Havelock appears to be pushed back until next week due to the DDOS attacks and the US holiday weekend. I’m still positive on this transition, but nothing is certain until it’s done. It would be great if current shareholders could create Havelock accounts and PM me the username/email. The IPO is still suspended.
Profits6.317 BTC selling ASICminer-PT shares
.35 BTC selling LTC
.299 BTC ASICminer dividends
.007 BTC Cognitive dividends
Total =6.973BTC (1.973BTC to dividends+5BTC to carryover)
Dividends1.973+1.018(last week)/80300 = .00003724782 per share
Last weeks assetsAssets
10 ASICminer direct shares (2.5)
7 ASICminer-PT shares (2.48 effective)
2 ASICminer-PT shares(3.1)
20 Cognitive Shares (.28)
50LTC (.026)
28BTC
Assets10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
3 ASICminer-PT shares(4.34)
20 Cognitive Shares (.28)
30.67 BTC