[2014-07-01] Winklevoss Bitcoin Trust Plans to List on Nasdaq Under 'COIN'

[LiteCoinGuy]

Winklevoss Bitcoin Trust Plans to List on Nasdaq Under 'COIN'

http://www.streetinsider.com/Forex/Winklevoss+Bitcoin+Trust+Plans+to+List+on+Nasdaq+Under+COIN/9629980.html


thats it. nothing more. but interesting 

[1713872159]

1713872159

[1713872159]

1713872159

[BitDreams]

1 million shares at 20$ a share. So the share price can fluctuate, but the number of trading units needs to increase. I dream of many splits ahead. 'Coin splits'  added to the lexicon

The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin.

[passionsurf]

A "basket of shares" = 50,000 shares = 0.2 bitcoins. So if I buy 50,000 shares at $20/share, then I will have in my hands 0.2 bitcoins for the low price $1,000,000. Sounds like a great deal ... for somebody at least!

[BitDreams]

I'll need a better understanding of how this is priced I see.

[Chef Ramsay]

A "basket of shares" = 50,000 shares = 0.2 bitcoins. So if I buy 50,000 shares at $20/share, then I will have in my hands 0.2 bitcoins for the low price $1,000,000. Sounds like a great deal ... for somebody at least!

There's no way that can be correct but if so, please cut me in on the deal. I'll gladly fork over a .2BTC w/ a tip for a lot less than a mill-ticket.

[Ron~Popeil]

I'll need a better understanding of how this is priced I see.

I am a little confused there myself. If that is correct this would be a really bad deal. Hopefully more information comes out soon.