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Author Topic: μ - Bitcoin Venture Capital (Collecting Shareholders Data)  (Read 24047 times)
brendio
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May 23, 2012, 04:52:32 AM
 #141

NAV: 104.036+300*0.570+401*0.655+10*0.239+1618*0.249+70*1.046+1149*0.295=1355.138BTC
Weekly NAV Growth: (1355.138-1325.056)/1325.056-1=2.270%

Market cap = 10000 * 0.526 = 5260 BTC
Market cap/NAV=3.88 times

Very impressive. Investors evidently have a high opinion of your investing abilities!

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May 23, 2012, 05:20:26 AM
 #142

NAV: 104.036+300*0.570+401*0.655+10*0.239+1618*0.249+70*1.046+1149*0.295=1355.138BTC
Weekly NAV Growth: (1355.138-1325.056)/1325.056-1=2.270%

Market cap = 10000 * 0.526 = 5260 BTC
Market cap/NAV=3.88 times

Very impressive. Investors evidently have a high opinion of your investing abilities!

Well there are only 5,000 shares in circulation now. Therefore it's just 1.94 times.

It's not so crazy. Even when the last two weeks are a little cloudy, both our dividends and growth rates are still quite sweet so far. Smiley

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May 23, 2012, 05:34:49 AM
 #143

NAV: 104.036+300*0.570+401*0.655+10*0.239+1618*0.249+70*1.046+1149*0.295=1355.138BTC
Weekly NAV Growth: (1355.138-1325.056)/1325.056-1=2.270%

Market cap = 10000 * 0.526 = 5260 BTC
Market cap/NAV=3.88 times

Very impressive. Investors evidently have a high opinion of your investing abilities!

Well there are only 5,000 shares in circulation now. Therefore it's just 1.94 times.

It's not so crazy. Even when the last two weeks are a little cloudy, both our dividends and growth rates are still quite sweet so far. Smiley

Security issued:10000
Where are the other 5000? I think these need to be either taken into account in your financials (as bonds reserved for sale and valued at ??) or cancelled so that the GLBSE info corresponds with your financials. Otherwise, it is hard for someone to make a fair evaluation of the value of your fund. Not that many people even think about value when using GLBSE Roll Eyes). But you may be losing investors, who, for example, would pay 1.94 times but not 3.88 times NAV.

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May 23, 2012, 05:49:12 AM
 #144

Thanks for your advice, we will include the actual number of shares in our financial report from now on. Smiley

The other 5,000 are still reserved for future sale. We started from 3,000 shares, and expanded to 5,000 two weeks ago, with the releasing date and price of the rest shares undecided yet. Our fund is highly shareholders-controlled, and any expansion plans need to be passes as motions first.

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May 23, 2012, 10:21:16 AM
 #145

Thanks for the dividend!  Wish it was higher  Wink

YABMC coupon this week (tomorrow) will help for next week!

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May 23, 2012, 12:25:46 PM
 #146

Thanks for the dividend!  Wish it was higher  Wink

You are welcome. Smiley I wish it was higher too, and tempted to do larger investment on new pirate-related assets, but we finally decided to always stick to a conservative investment policy, and don't hold higher-risk assets for too long.

YABMC coupon this week (tomorrow) will help for next week!

Of course. And after the ask wall is eaten over, I hope there will be some considerable increasing in price.

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May 23, 2012, 03:15:45 PM
 #147

I know you didn't have much faith in me when I first started but I have received a board and have been paying weekly dividends for four weeks from tomorrow.  I'm hoping board #2 ships by tomorrow effectively doubling the whole weekly dividend and we have about 650 shares at 0.4 for board three.  Which I could get shipped within a week.  A new bitstream is being worked on for the boards we use and I've estimated at current difficulty with all shares sold and having three boards our weekly dividend per share would be over 0.00485000btc with the new bitstream.  Even without the new bitstream with all shares sold and having board #3 at current difficulty our weekly dividend per share will be up to 0.0040btc.  Also all shares purchased are backed and insured by the hardware.  Meaning if we were ever to fold all the hardware would be sold (we have currently paid for over $2,100 of boards) and paid out in one big dividend.  So you can't loose your money.  Thanks.  Matt.  Red Star Mining.     

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May 24, 2012, 02:44:55 AM
 #148

Update

The second round of public offering has finished. All the 1,200 public and 700 private shares are all sold out, much more quickly than we thought. The CEO permanently gives up his fee and takes 100 shares as his compensation, as was passed by the motion.

Thank to all new and old investors. We've successfully expanded to a larger scale now. Towards great value and growth we are coming!

That's an interesting idea. If you had 1 bitcoin dividend among 95 shares with a 5% management fee, each share would receive 0.01 bitcoins dividend. but if you had 100 shares (but you owned 5 of them) then each share would still, obviously, receive 0.01 bitcoins dividend. In fact I like that idea a lot as it eases the accounting to a great degree. You're a smart guy, I don't think I ever would have thought of that.

Well I think it's quite a standard way of compensation for managers. Cognitive, FPGA.contract and TyGrr did that long before. Smiley

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May 24, 2012, 03:25:01 AM
 #149

Update

The second round of public offering has finished. All the 1,200 public and 700 private shares are all sold out, much more quickly than we thought. The CEO permanently gives up his fee and takes 100 shares as his compensation, as was passed by the motion.

Thank to all new and old investors. We've successfully expanded to a larger scale now. Towards great value and growth we are coming!

That's an interesting idea. If you had 1 bitcoin dividend among 95 shares with a 5% management fee, each share would receive 0.01 bitcoins dividend. but if you had 100 shares (but you owned 5 of them) then each share would still, obviously, receive 0.01 bitcoins dividend. In fact I like that idea a lot as it eases the accounting to a great degree. You're a smart guy, I don't think I ever would have thought of that.

Well I think it's quite a standard way of compensation for managers. Cognitive, FPGA.contract and TyGrr did that long before. Smiley

I'm not sure that's correct about TyGrr. From memory, Goat kept a majority of the company based on his own assets put in, but the management fee comes out of the dividends.

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May 24, 2012, 04:27:41 AM
 #150

Update

The second round of public offering has finished. All the 1,200 public and 700 private shares are all sold out, much more quickly than we thought. The CEO permanently gives up his fee and takes 100 shares as his compensation, as was passed by the motion.

Thank to all new and old investors. We've successfully expanded to a larger scale now. Towards great value and growth we are coming!

That's an interesting idea. If you had 1 bitcoin dividend among 95 shares with a 5% management fee, each share would receive 0.01 bitcoins dividend. but if you had 100 shares (but you owned 5 of them) then each share would still, obviously, receive 0.01 bitcoins dividend. In fact I like that idea a lot as it eases the accounting to a great degree. You're a smart guy, I don't think I ever would have thought of that.

Well I think it's quite a standard way of compensation for managers. Cognitive, FPGA.contract and TyGrr did that long before. Smiley

I'm not sure that's correct about TyGrr. From memory, Goat kept a majority of the company based on his own assets put in, but the management fee comes out of the dividends.

I checked the main thread of TyGrr Tech again. I guess you are right.

We used the fee structure before, though we never really took any fee during that time. Later we passed a motion to give the CEO 5% of the new shares whenever we do expansion (https://glbse.com/vote/view/21).

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May 25, 2012, 06:33:56 AM
 #151

The MU Index for GLBSE

60.32 (kBTC)
309.31 (kDollar)

BTC Price: 5.128$

TyGrr-Bot
  Category: Long Term Bond
  Business: Arbitraging
  Shares in Circulation: 7326
  Avg Price: 0.971BTC
  Total Value: 7113.546BTC
  Total Value in Dollar: 36478.264$

PureMining
  Category: Perpetual Bond
  Business: Mining
  Shares in Circulation: 10000
  Avg Price: 0.438BTC
  Total Value: 4380.000BTC
  Total Value in Dollar: 22460.640$

GigaMining
  Category: Perpetual Bond
  Business: Mining
  Shares in Circulation: 20000
  Avg Price: 1.504BTC
  Total Value: 30080.000BTC
  Total Value in Dollar: 154250.240$

Cognitive
  Category: Stock
  Business: Mining
  Shares in Circulation: 5000
  Avg Price: 0.583BTC
  Total Value: 2915.000BTC
  Total Value in Dollar: 14948.120$

FPGA.contract
  Category: Stock
  Business: Mining
  Shares in Circulation: 6000
  Avg Price: 0.373BTC
  Total Value: 2238.000BTC
  Total Value in Dollar: 11476.464$

BFLS
  Category: Stock
  Business: Mining
  Shares in Circulation: 4210
  Avg Price: 1.600BTC
  Total Value: 6736.000BTC
  Total Value in Dollar: 34532.208$

BMMO
  Category: Stock
  Business: Mining
  Shares in Circulation: 6931
  Avg Price: 0.326BTC
  Total Value: 2259.506BTC
  Total Value in Dollar: 11586.747$

SS
  Category: Stock
  Business: Fund
  Shares in Circulation: 610
  Avg Price: 2.172BTC
  Total Value: 1324.920BTC
  Total Value in Dollar: 6794.190$

MU
  Category: Stock
  Business: Fund
  Shares in Circulation: 5000
  Avg Price: 0.650BTC
  Total Value: 3250.000BTC
  Total Value in Dollar: 16666.000$

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May 25, 2012, 06:37:55 AM
 #152

Update

The MU index is a hobby-like project at this moment. Its frequency and authority is not guaranteed.

We will evolve it to a much regular and professional index based on a fixed formula to evaluate performance and decide which assets to contain, when we have enough time.

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May 30, 2012, 06:01:26 AM
 #153

Weekly Financial Disclosure

Time: 13:31 AM, Beijing time
Date: May 30, 2012

Funds of Last Week: 104.036BTC
Number of Total Shares in Circulation: 5000

Assets:

BitBond
Original: 401shares 243.808BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.608BTC
Sold: 0shares 0.000BTC
Average Selling Price: N/A
Holding: 401+0-0=401shares 243.808BTC
Net Gain: 0.000BTC
Dividends Paid: 3.524BTC

BDK
Original: 10shares 0.660BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.066BTC
Sold: 10shares 1.850BTC
Average Selling Price: 0.185BTC
Holding: 10+0-10=0shares 0.000BTC
Net Gain: 1.850-0.660=1.190BTC
Dividends Paid: 0.000BTC

JLP-BMD
Original: 1618shares 405.530BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.251BTC
Sold: 48shares 14.400BTC
Average Selling Price: 0.3BTC
Holding: 1618+0-48=1570shares 394.070BTC
Net Gain: (0.3-0.251)*48=2.352BTC
Dividends Paid: 11.452BTC

Cognitive
Original: 300shares 155.700BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.519BTC
Sold: 200shares 119.800BTC
Average Selling Price: 0.599BTC
Holding: 300+0-200=100shares 51.900BTC
Net Gain: (0.599-0.519)*200=16.000BTC
Dividends Paid: 0.277BTC

TEEK.B
Original: 70shares 66.500BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.950BTC
Sold: 70shares 72.660BTC
Average Selling Price: 1.038BTC
Holding: 70+0-70=0shares 0.000BTC
Net Gain: (1.038-0.950)*70=6.160BTC
Dividends Paid: 0.000BTC

YABMC
Original: 1149shares 329.763BTC
Bought in: 200shares 54.108BTC
Average Holding Price: (329.763+54.108)/(1149+200)=0.285BTC
Sold: 10shares 3.200BTC
Average Selling Price: 0.320BTC
Holding: 1149+200-10=1339shares 381.615BTC
Net Gain: (0.320-0.285)*10=0.350BTC
Dividends Paid: 15.867BTC

Holding Funds=
104.036-0.000+0.000+3.524-0.000+1.850+0.000-0.000+14.400+11.452-0.000+119.800+0.277-
0.000+72.600+0.000-54.108+0.320+15.867=290.018BTC

Total Net Gain=
0.000+3.524+1.190+0.000+2.352+11.452+16.000+0.277+6.160+0.000+0.350+15.867=57.172BTC

Calculated Dividends: 53.735*35%=20.010BTC

Usable Funds: 290.018-20.010=270.008BTC

Actual Dividends: 20.010BTC

NAV: 270.008+100*0.593+401*0.625+1570*0.267+1339*0.299=1399.484BTC
Weekly NAV Growth: (1399.484-1355.138)/1355.138=3.272%

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May 30, 2012, 07:02:36 AM
 #154

I like what you are doing with this fund and enjoy your updates Smiley

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May 30, 2012, 07:32:27 AM
 #155

I like what you are doing with this fund and enjoy your updates Smiley

Thank you very much for your appreciation.

We think till now the biggest advantage of choosing our fund, is that we provide a nice option for people who want nice return rates without directly or indirectly involved in Pirate -- In spite of being away from Pirate, our return rates are not bad at all.

We did buy some PPT.x bonds before, but we just quickly sold them off within hours and reduced the risk to a very low level. We are even less unlikely to do that again in the future. So we are moving from "almost-Pirate-free" to "totally-Pirate-free". Smiley

So we suggest people to buy our shares if they want diversity. We probably could never make 7% a week as Pirate does, but our financials are public, and we only invest in businesses of which the business models are open.

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May 30, 2012, 10:48:06 AM
 #156

Nice improvement on the dividend this week - up over 40% from last week.

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May 30, 2012, 11:02:43 AM
 #157

Nice improvement on the dividend this week - up over 40% from last week.

Thanks. Maximization of our shareholders' dividends and NAV in a long run with an acceptable risk level is the only purpose of MU. Smiley

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May 31, 2012, 01:34:51 PM
 #158

I picked up a small amount of shares Smiley



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June 02, 2012, 07:18:56 AM
 #159

I picked up a small amount of shares Smiley

Thanks again.

We have to say that, even ourselves consider MU amazing, because of its past performance of continuously beating the market for nearly two months, which are not a short time in the Bitcoin world. And we did it mostly by trading mining assets. They are relatively less risky. Someone might say that actively maintained mutual funds can't beat ETFs or the average market in the long run, but let's see. Grin

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June 06, 2012, 05:30:42 AM
 #160

Weekly Financial Disclosure

Time: 13:14 AM, Beijing time
Date: June 6, 2012

Funds of Last Week: 270.008BTC
Number of Total Shares in Circulation: 5000

Assets:

BitBond
Original: 401shares 243.808BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.608BTC
Sold: 0shares 0.000BTC
Average Selling Price: N/A
Holding: 401+0-0=401shares 243.808BTC
Net Gain: 0.000BTC
Dividends Paid: 3.726BTC

JLP-BMD
Original: 1570shares 394.070BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.251BTC
Sold: 31shares 8.990BTC
Average Selling Price: 0.290BTC
Holding: 1570+0-31=1539shares 386.289BTC
Net Gain: (0.290-0.251)*31=1.209BTC
Dividends Paid: 0.000BTC

Cognitive
Original: 100shares 51.900BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.519BTC
Sold: 100shares 60.300BTC
Average Selling Price: 0.603BTC
Holding: 100+0-100=0shares 0.000BTC
Net Gain: 60.300-51.900=8.400BTC
Dividends Paid: 0.000BTC

YABMC
Original: 1339shares 381.615BTC
Bought in: 0shares 0.000BTC
Average Holding Price: 0.285BTC
Sold: 234shares 67.626BTC
Average Selling Price: 0.289BTC
Holding: 1339+0-234=1105shares 314.925BTC
Net Gain: (0.289-0.285)*234=0.936BTC
Dividends Paid: 5.409BTC

PIMP
Original: 0shares 0.000BTC
Bought in: 300shares 75.000BTC
Average Holding Price: 0.250BTC
Sold: 0shares 0.000BTC
Average Selling Price: 0.000BTC
Holding: 0+300-0=300shares 75.000BTC
Net Gain: 0.000BTC
Dividends Paid: 0.000BTC

Holding Funds=
270.008-0.000+0.000+3.726-0.000+8.990+0.000-0.000+60.300+0.000-0.000+67.626+5.409-75.000+0.000+0.000=341.059BTC

Total Net Gain=
0.000+3.726+1.209+0.000+8.400+0.000+0.936+5.409+0.000+0.000=19.680BTC

Calculated Dividends: 19.680*35%=6.888BTC

Usable Funds: 341.059-6.888=334.171BTC

Actual Dividends: 6.888BTC

NAV: 334.171+401*0.606+1539*0.287+1105*0.287+300*0.250=1411.005BTC
Weekly NAV Growth: (1411.005-1399.484)/1399.484=0.823%

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