μ - Bitcoin Venture Capital (Collecting Shareholders Data)

[bitcoinbear]

I see the price per share just took a nose dive. Did the held assets value really just drop 20%, or is that just due to such low liquidity on the GLBSE?

[Factory]

NAV: 155.311+132.000+221.120+125.350+50.000+123.510+0.000+247.054-11.183=1043.162BTC

• Total NAV of 1043.162
• 5,000 shares outstanding (according to: https://glbse.com/api/quantity_trading/MU)

1043.162 divided by 5,000 = 0.2086324 NAV per share.

MU is currently trading @ .39. This implies a 86.9% premium to the underlying assets.

Is this accurate friedcat?

[friedcat]

Weekly Financial Disclosure

Time: 09:49 AM, Beijing time
Date: August 29, 2012

Funds of Last Week: 86.405BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 156.884BTC
Dividends Paid: 2.532BTC

YABMC
Holding: 1000shares 127.000BTC
Dividends Paid: 3.052BTC

PIMP
Holding: 2030shares 345.100BTC
Dividends Paid: 6.112BTC

MOVETO.FUND
Holding: 109shares 130.473BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 50shares 57.450BTC
Dividends Paid: 0.643BTC

Cognitive
Holding: 179shares 118.104BTC
Dividends Paid: 0.601BTC

BTC
Holding: 147.322shares 147.322BTC
Holding After Dividends: 134.382BTC

Calculated Dividends: 2.532+3.052+6.112+0.000+0.643+0.601=12.940BTC
NAV: 156.884+127.000+310.590+130.473+57.450+118.104+147.322-12.940=1069.393BTC
Weekly NAV Growth: (1069.393-1043.162)/1043.162=2.51%

[friedcat]

Update

Tomorrow I will only have the internet access in the evening (Beijing time), so please expect about a 6-10 hours delay of dividend payment. Thanks.

[friedcat]

Weekly Financial Disclosure

Time: 09:04 PM, Beijing time
Date: September 5, 2012

Funds of Last Week: 134.382BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 156.727BTC
Dividends Paid: 1.092BTC

YABMC
Holding: 1000shares 107.200BTC
Dividends Paid: 2.884BTC

PIMP
Holding: 2030shares 302.470BTC
Dividends Paid: 5.856BTC

MOVETO.FUND
Holding: 109shares 129.383BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 50shares 39.550BTC
Dividends Paid: 0.591BTC

Cognitive
Holding: 179shares 113.674BTC
Dividends Paid: 0.673BTC

BTC
Holding: 148.616shares 148.616BTC
Holding After Dividends: 137.520BTC

Calculated Dividends: 1.092+2.884+5.856+0.000+0.591+0.673=11.096BTC
NAV: 156.727+107.200+302.740+129.383+39.550+113.674+148.616-11.096=986.794BTC
Weekly NAV Growth: (986.794-1069.393)/1069.393=-9.99%

[friedcat]

Weekly Financial Disclosure

Time: 11:53 AM, Beijing time
Date: September 12, 2012

Funds of Last Week: 137.520BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 149.023BTC
Dividends Paid: 1.096BTC

YABMC
Holding: 1000shares 109.500BTC
Dividends Paid: 2.700BTC

PIMP
Holding: 2030shares 267.960BTC
Dividends Paid: 5.699BTC

MOVETO.FUND
Holding: 109shares 117.581BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 50shares 35.000BTC
Dividends Paid: 0.587BTC

Cognitive
Holding: 179shares 113.468BTC
Dividends Paid: 0.724BTC

BTC
Holding: 152.335shares 152.335BTC
Holding After Dividends: 141.529BTC

Calculated Dividends: 1.096+2.700+5.699+0.000+0.587+0.724=10.806BTC
NAV: 149.023+109.500+267.960+117.581+35.000+113.468+152.335-10.806=934.061BTC
Weekly NAV Growth: (934.061-986.794)/986.794=-5.34%

[bitcoinbear]

Weekly NAV Growth: (986.794-1069.393)/1069.393=-9.99%

Weekly NAV Growth: (934.061-986.794)/986.794=-5.34%

That is two disappointing weeks in a row. Are you actively trading shares? I see some decent opportunities here and there for market making. What is your plan to have better performance in the future?

[friedcat]

Weekly NAV Growth: (986.794-1069.393)/1069.393=-9.99%

Weekly NAV Growth: (934.061-986.794)/986.794=-5.34%

That is two disappointing weeks in a row. Are you actively trading shares? I see some decent opportunities here and there for market making. What is your plan to have better performance in the future?

Thanks for your question. Yes they are. Sorry for making it a de-facto static mining assets pass-through during the last few weeks. The trading started to become less frequent after the ASICMINER project temporarily took my focus of watching closely to the market. It will resume since the design & bargaining phase is finally ending.

About the future:
1. Almost all our holding assets (except one) have ASIC upgrade paths. Therefore the possibility of retain and bounce of the price is significant. My only concern is some operator became less responsive. It seems that more aggressive use of shareholder rights is needed.
2. MU will probably invest in ASICMINER when the time and the price is right.
3. Other business model than mining will be considered more.
4. Active arbitraging and market making will be done more frequently than before.

[friedcat]

Weekly Financial Disclosure

Time: 11:40 AM, Beijing time
Date: September 19, 2012

Funds of Last Week: 141.529BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 148.819BTC
Dividends Paid: 1.092BTC

YABMC
Holding: 909shares 82.719BTC
Dividends Paid: 2.609BTC

PIMP
Holding: 2120shares 271.360BTC
Dividends Paid: 5.567BTC

MOVETO.FUND
Holding: 109shares 118.348BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 40shares 28.600BTC
Dividends Paid: 0.439BTC

Cognitive
Holding: 179shares 109.190BTC
Dividends Paid: 0.619BTC

ASICMINER
Holding: 75shares 8.700BTC
Dividends Paid: 0.000BTC

BTC
Holding: 180.582shares 180.582BTC
Holding After Dividends: 170.256BTC

Calculated Dividends: 1.092+2.609+5.567+0.000+0.439+0.619+0.000=10.326BTC
NAV: 148.819+82.719+271.360+118.348+28.600+109.190+8.700+180.582-10.326=937.992BTC
Weekly NAV Growth: (937.992-934.061)/934.061=0.42%

[friedcat]

Weekly Financial Disclosure

Time: 12:43 AM, Beijing time
Date: September 26, 2012

Funds of Last Week: 170.256BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 148.819BTC
Dividends Paid: 1.355BTC

YABMC
Holding: 909shares 63.630BTC
Dividends Paid: 2.263BTC

PIMP
Holding: 2120shares 190.800BTC
Dividends Paid: 5.400BTC

MOVETO.FUND
Holding: 90shares 90.000BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 40shares 24.000BTC
Dividends Paid: 0.367BTC

Cognitive
Holding: 179shares 82.340BTC
Dividends Paid: 0.578BTC

ASICMINER
Holding: 811shares 94.887BTC
Dividends Paid: 0.000BTC

BTC
Holding: 120.432shares 120.432BTC
Holding After Dividends: 110.469BTC

Calculated Dividends: 1.355+2.263+5.400+0.000+0.367+0.578+0.000=9.963BTC
NAV: 148.819+63.630+190.800+90.000+24.000+82.340+94.887+120.432-9.963=804.945BTC
Weekly NAV Growth: (804.945-937.992)/937.992=-14.18%

[friedcat]

Update

This week we suffered from another serious dip. It's caused by the general bearish-ness of the mining market.

We have been chosen to still bet on mining assets because it's already proven by history to be safer than other obscure business models, and a little less prone to the rise of BTC/USD (hashrate grows at a more elastic manner with respect to BTC price).

Here is our plan in the next several months.

1. Keeping betting a lot on mining, and continue liquidating assets with no ASIC upgrade promises.
2. Trying to use financial tools to hedge the exchange rates.
3. Doing arbitrage with proved safe (safer than others) assets.

It's a hard time for us, and for many investors on most assets in GLBSE, especially when you nominate your investment with BTC. But we will insist on our strategy and will not invest in any seemingly "fixed-income" assets.

[HorseRider]

welcome to sell the MU asset to the market now. Would you all wait a moment, because I lost my 2fa and have to find it back from Nefario before I can buy. I think WIT is pretty good investment lol

[friedcat]

Weekly Financial Disclosure

Time: 13:27 PM, Beijing time
Date: October 3, 2012

Funds of Last Week: 110.469BTC
Number of Total Shares in Circulation: 5000

Assets:

JLP-BMD
Holding: 1569shares 141.210BTC
Dividends Paid: 1.313BTC

YABMC
Holding: 539shares 42.527BTC
Dividends Paid: 1.715BTC

PIMP
Holding: 2120shares 190.800BTC
Dividends Paid: 5.211BTC

NASTY
Holding: 37shares 17.938BTC
Dividends Paid: 0.000BTC

BFLS
Holding: 40shares 28.000BTC
Dividends Paid: 0.411BTC

Cognitive
Holding: 256shares 140.800BTC
Dividends Paid: 0.553BTC

ASICMINER
Holding: 811shares 89.210BTC
Dividends Paid: 0.000BTC

BTC
Holding: 169.228shares 169.228BTC
Holding After Dividends: 160.025BTC

Calculated Dividends: 1.313+1.715+5.211+0.000+0.411+0.553+0.000=9.203BTC
NAV: 140.210+42.527+190.800+17.938+28.000+140.800+89.210+169.228-9.203=809.510BTC
Weekly NAV Growth: (809.510-804.945)/804.945=0.57%

[friedcat]

Update

Due to the GLBSE closing, we are unable to give the dividends and financial reports this week.

They will be resumed as soon as GLBSE gives us the shareholders' information and we restart
receiving payments from the issuers of the assets we hold.

[bitcoinbear]

Will you continue MU without the glbse, or will you just wind it down?

[BurtW]

Will you continue MU without the glbse, or will you just wind it down?

It will be pretty hard to come up with a NAV with no active market in the assets...

[memvola]

Will you continue MU without the glbse, or will you just wind it down?

It will be pretty hard to come up with a NAV with no active market in the assets...

A bit hard, a bit inaccurate, but probably doable. Updates could be extended to monthly to reduce management costs. Probably can be listed in some exchange with a good exit strategy to help with motions, etc.

[friedcat]

Update

In case of the possibility we could not receive the shareholders data, we begin collecting the claims ourselves.

Please send to (fnnirvana@gmail.com) your number of shares and your Bitcoin address for receiving dividends. Please annotate that they are MU shares to avoid confusion with ASICMINER or MOORE shares. You could accompany them with any evidence you think is OK to provide. It is highly recommended that you use an address that you have its private key. By that, you may enjoy more facilities provided by our future automatic migrating platform.

Will you continue MU without the glbse, or will you just wind it down?

We will continue MU without GLBSE.

[friedcat]

Update

Because we are yet to receive all the necessary data and so are the issuers whose assets are hold by MU, we are still at a suspension state.

[friedcat]

Update

This is to remind to MU shareholders. Please send to (fnnirvana@gmail.com) your e-mail, your number of shares, and your Bitcoin address to receive future dividend payments.