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

[The00Dustin]

maybe if your stock was 1:20 cheaper the price would not drop occasionally by 25% and could absorb supply easier
just my rookie observation and sticky idea that whoever sold at 2, 2.40 and prices like that could not wait for an ask around 2.80-3 to be filled. whenever will people 'sell out' they can drag the price through basement.

https://bitcointalk.org/index.php?topic=52081.msg720285;topicseen#msg720285

[mila]

maybe if your stock was 1:20 cheaper the price would not drop occasionally by 25% and could absorb supply easier
just my rookie observation and sticky idea that whoever sold at 2, 2.40 and prices like that could not wait for an ask around 2.80-3 to be filled. whenever will people 'sell out' they can drag the price through basement.

https://bitcointalk.org/index.php?topic=52081.msg720285;topicseen#msg720285

I've read that conversation but many might not be familiar with that and 'goat's' opinion. he wants strong and valuable stock, it's just harder to keep the price stable

[The00Dustin]

I've read that conversation but many might not be familiar with that and 'goat's' opinion. he wants strong and valuable stock, it's just harder to keep the price stable

I thought you might've, but posted the link just in case.  However, that thread might be a better place to continue the conversation than this one.

[molecular]

the already not very big overall demand in stocks on the glbse moved to bitcoin syndicate ant M.ETF, leaving empty bids for tygrr and other stocks. overall demand has to grow. either ppl invest more into bitcoin mining corporations, or there have to be more people investing. there is just too much demand in capital for so many on glbse listed companies. the capital supply can't finance all companies as desired right now, or am i wrong?

I think you are wrong, I have a completely different impression.

All stocks I watch (MergedMining, FPGA.contract, BitcoinTorrentz, JLP-BMD) have been trading at higher prices compared to 4 weeks ago and also compared to 1 week ago. I've been selling contracts for roughly BTC 120 in the process.

I'd say demand has grown considerably.

[sadpandatech]

the already not very big overall demand in stocks on the glbse moved to bitcoin syndicate ant M.ETF, leaving empty bids for tygrr and other stocks. overall demand has to grow. either ppl invest more into bitcoin mining corporations, or there have to be more people investing. there is just too much demand in capital for so many on glbse listed companies. the capital supply can't finance all companies as desired right now, or am i wrong?

I think you are wrong, I have a completely different impression.

All stocks I watch (MergedMining, FPGA.contract, BitcoinTorrentz, JLP-BMD) have been trading at higher prices compared to 4 weeks ago and also compared to 1 week ago. I've been selling contracts for roughly BTC 120 in the process.

I'd say demand has grown considerably.

I'm in this boat.

The ones that are down, are so because they are not performing well enough compared to other things potential investors could be into. And M.ETF would have pulled a very small portion of the overall BTC moving out of other ventures on GLBSE. This IPO only raised 250BTC to start with.

[tgmarks]

I agree.  If you think about it, the network mines enough blocks to pay for this whole IPO in less than a hour.

[2weiX]

hi,

still interested in investing.
however, there needs to be some more transparancy.

current holdings?
dividend history?
lowering of fees to be expected?

[molecular]

Overall your missing profit is only 5% per share. The other 5% actually increases your share value.

Let me confirm that it's a lot of work to keep track of even only a couple of stock in a very crappy way (as I did).

So as I said earlier, 5% for the much more advanced level JL is doing this at for us is a bargain.

[tgmarks]

Overall your missing profit is only 5% per share. The other 5% actually increases your share value.

Let me confirm that it's a lot of work to keep track of even only a couple of stock in a very crappy way (as I did).

So as I said earlier, 5% for the much more advanced level JL is doing this at for us is a bargain.

I agree that this is a totally reasonable arrangement and am excited for the opportunity.  Especially with the simple yet solid growth plan.

[Nefario]

I'm just after getting back from London(gone since Tuesday), charts.glbse.com is not showing any updates since the 12th.

For the moment, all the latest trades for GLBSE can be found on it's twitter feed here.

I'm contacting the operator of charts to find out what the story is.

Nefario

[2weiX]

okay, so I bought me a few.
Let's see how this goes :-D

[Kaos]

So when should we expect our first dividends then?

[Eveofwar]

Guys and Ladies (Goat):  https://bitcointalk.org/index.php?topic=67275.msg795543#msg795543

Educate yourselves.

[Kaos]

The first dividend of 1.45477224 BTC Dividend Paid - 0.00145477 BTC Per Share


The Breakdown -

0.80587224 BTC - Dividend Gain (90% of all dividend earnings)
0.6489 BTC - Realized Gains (90% of all Share Trading earnings)

Total Dividend Payout - 1.45477224 BTC
Reinvested - 0.08082068 BTC
Fee Taken - 0.08082068 BTC

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Overall each share got a 0.00145477 BTC dividend with only 35.19% of the investment working for them, and future dividends should be higher.

Also with any holdings that pay a monthly dividend, that dividend will be split between each weekly payment we payout for that month.

I can confirm the above, On 21/03/2012-15:21 (GLBSE timestamp) I received 0.00145478 per share... Not bad, not bad at all!

[molecular]

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

[2weiX]

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

get that rest of the capital workin then :-D

wouldnt it be more practical to just "forward" the dividens as they roll in sans the fees?

[molecular]

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

get that rest of the capital workin then :-D

wouldnt it be more practical to just "forward" the dividens as they roll in sans the fees?

that would might reveal information about holdings.

[2weiX]

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

get that rest of the capital workin then :-D

wouldnt it be more practical to just "forward" the dividens as they roll in sans the fees?

that would might reveal information about holdings.

if it's an ETF, holdings should always be known! no one read my thread?

[molecular]

We also still have 80.575 BTC of outstanding orders, so 33% of the portfolio is just BTC, and 31.81% of the portfolio is invested in companies that have either not paid a dividend yet, or pay monthly, so it was not included in this dividend.

Wow. Not bad at all. I expected less on the first payment. Good job!

get that rest of the capital workin then :-D

wouldnt it be more practical to just "forward" the dividens as they roll in sans the fees?

that would might reveal information about holdings.

if it's an ETF, holdings should always be known! no one read my thread?

I read your thread and it's valuable info. You should know I read it because I posted there, do you read your own thread? .
I also read JL421 apology for misnaming M.ETF.

Please tone it down a little, 2WeiX, you're an enrichment for this community and people value that, but you seem to have a bad temper at times .

[stochastic]

It's a day late, but I was waiting on a few GLBSE issues to be resolved, and since they were, dividends were paid.

It's a bit lower than last week, with the migration I haven't actually made any trades yet so next week should be higher once I start trading again.

For now here's the breakdown -


0.82156284 BTC - Dividend Gain (90% of all dividend earnings)
0.0 BTC - Realized Gains (90% of all Share Trading earnings)

Total Dividend Payout - 0.82156284 BTC
Reinvested - 0.04565738 BTC
Fee Taken - 0.04565738 BTC

I also believe that we are as invested as I wish to be at this time, roughly 30% of our assets are liquid coin, the rest are assets. I'm going to try to keep our liquidity down to around 25% and the rest invested. This means that we will be having a motion sometime soon about new assets being issued, but that's down the road a little bit.

Finally, the assets held list from last week is now available on the first page, as well as the post below.

Thank you all - JL421

When you publish the dividend payout could you also publish the total earnings made?  Also, could you post the total equity value of M.ETF.