[GLBSE] M.ETF - The first Mining ETF listed on the GLBSE

I'am always looking for a good investment but i really need more information on this ETF. What can we expect?

Will the ETF's holdings be made public on this thread?

Quote from: JL421 on March 04, 2012, 07:04:41 PM

General holding information will be available upon request, but exact amounts of shares held will not be available for any company other then JLP-BMD.

I would be interested in buying shares if the current holdings were listed on this thread and updated with each dividend payment. Listing average price paid and current gain/loss % would be icing on the cake. A 5% cut of revenue is pretty high, give us some transparency. Wink

Portfolio -

Ticker | Shares Held | Avg PPS | Price | Gain
JLP-BMD | 100 | 0.189 | 0.19489 | 3.12%
MergedMining | 100 | 0.15 | 0.16 | 6.67%

I'm in for some shares Wink

Happy to report I own about 15% of this fund. ;p

You are likely going to find that at this price and number of shares we will need more very soon.

cheers

2 Questions:

1) Will the fund require a shareholder vote to issue more shares?

2) Will future issued shares be made at a premium, or will they be listed for sale at 0.25 BTC?

Quote

Please clarify that as the operator you will NEVER issue more shares without first receiving a shareholder request to put to a motion.

As long as he sticks to the "market price or larger than previous" there's not likely going to be dilution going on anyway.

Quote from: MPOE-PR on March 05, 2012, 07:24:11 PM

Quote

Please clarify that as the operator you will NEVER issue more shares without first receiving a shareholder request to put to a motion.

As long as he sticks to the "market price or larger than previous" there's not likely going to be dilution going on anyway.

Good point.

Watching and very excited. Keep up the good work JL421

Quote from: sadpandatech on March 05, 2012, 05:31:25 PM

You are likely going to find that at this price and number of shares we will need more very soon.

I observed some price pressure whenever more bitcoin entered glbse.
I'm worried that a fast growing operations like this (meta mining) would drive up prices.
even with announced growth we can see some pressure on the price.

congrats on a fast IPO.

I hold shares in 5 mining companies (apparently sold some due to heavy buying going on) and it's a little tedious to track them all. Thanks for doing this, JL421, makes things a lot easier for only 5% of the profits. A bargain I'd say.

Could you always issue new ETF shares if the secondary market price is higher than the price you paid for each ETF shares? This will balance the market.

I've seen 2 ETFs, great!

i bought 1,5% of this ETF

Any timeline on when you will buy assets?

Quote from: JL421 on March 09, 2012, 12:14:27 AM

Quote from: sadpandatech on March 09, 2012, 12:12:36 AM

Any timeline on when you will buy assets?

Already started buying.

rock on. I know we're trying not to 'rock the boat' on the market.

cheers for the quick response, m8

may I suggest to pay dividends on mondays (if you're going for weekly). given that most of the underlying companies have their payday on sunday, that might make sense?

Quote from: molecular on March 09, 2012, 06:47:59 AM

may I suggest to pay dividends on mondays (if you're going for weekly). given that most of the underlying companies have their payday on sunday, that might make sense?

Monday or even aim for Tuesdays to account for the occasional late paying divis. And to give this fund time to calculate any earnings.

As part of the push for GLBSE 2.0 I have contacted JL421 and asked for various proof of identification.

Hi identity has been verified to me by means of photo ID, proof of address, phone number, and facebook.

JL421 is now GLBSE verified.

Nefario