BMF private placement offer (valid until October 31st, 2013)

[usagi]

Hi all, I'm now offering a private placement for BMF shares.

This is a unique opportunity and is not to be missed. BMF has been in operation for more than one year now. Our performance since relaunch in June of this year is as follows:

Code:

Date			IVB		float		assets		mtgox	assets/$ID		$ID/share
2013-06-13		0.03610		4,022		145.2136	$109.48	$15,897.74		$3.95
2013-07-01		0.036  		3,877		139.5720	$105.00	$14,655.06		$3.78
2013-08-01		0.03107		4,695		145.8737	$109.00	$15,900.23		$3.39
2013-08-02		0.03119		4,495		140.1901	$110.00	$15,420.92		$3.43
2013-08-22		0.03192		4,449		142.0225	$122.00	$17,326.74		$3.89
2013-09-01		0.03141		4,446		139.6489	$145.16	$20,271.95		$4.56
2013-09-13		0.03102		4,533		140.6189	$141.36	$19,878.50		$4.39

The following rules are in effect:

1. Warrants
For each share bought at our IBV (0.032 BTC) via this private placement program, BMF will grant you an additional purchase warrant to for one share of BMF at current IBV (0.032 BTC) valid for one year. These warrants can be exercised any time within one year of purchase.

2. Six-month buyback guarantee
I guarantee the repurchase of one share at warrant-face-value (0.032), per granted warrant. This means if you purchase 100 shares of BMF via this program for 3.2 BTC total, I will repurchase the 100 shares from you at any time within six months for the price you paid & the 100 warrants you were granted. I.E. you can back out of the deal anytime over the next six months. It may take up to seven days to liquidate your value for large or multiple simultaneous redemption orders (20btc+).

3. Limited Engagement
Only valid for a maximum of 5,000 shares in total.

4. Ownership requirements
There are no ownership requirements, we will hold shares for you and will reinvest for you if you want, but we strongly recommend you hold the shares in your name on BTC-TC.

I see an opportunity to position this fund into an extremely strong position and wish to take it "now". Please feel free to contact me for details, especially if you are a current investor. I prefer to sell to strong hands, i.e. those who are familiar with the BMF strategy. This strategy has worked well for us so far, I do not mind bringing anyone else into the fold but you have to know what we're doing. For reference, the top five shareholders own more than 80% of the fund. The top three shareholders own more than 75% of the fund.

Solidarity is strength. First come first serve, max 150 BTC or about 4600 shares.

[1713999922]

1713999922

[usagi]

Update:

We have received a letter of intent and are currently discussing the offer with a single investor for the full amount. No oversubscription will be allowed, should this investor strike a deal with us the offer will be closed to other investors.

Basically this is just confirmation that a maximum total of 5,000 will be sold all in all, I am not planning to sell loads of these.

[usagi]

Update:

We have received a letter of intent and are currently discussing the offer with a single investor for the full amount. No oversubscription will be allowed, should this investor strike a deal with us the offer will be closed to other investors.

Basically this is just confirmation that a maximum total of 5,000 will be sold all in all, I am not planning to sell loads of these.

The placement has been filled, and the offer is now closed. Thanks for participating! An official announcement will be posted in the BMF news and updates thread later today.