[Investment fund] Gamma Bitcoin Fund [Closed]

[strello]

I agree with most of what Icebreaker says.

It would be very nice to get the payout promised last weekend.

Could you maybe also do an update to post #660, to let us know the current situation with reclaiming shares and loans:

https://bitcointalk.org/index.php?topic=74975.msg1430325#msg1430325

It would be very good to know how the legal process is going with GigaMining.

And what is your current thinking about ASICMINER. The 4607 ASICMINER shares could easily raise 1600+ BTC right now, but as it looks like they may well be the first to start ASIC mining, maybe there could be a much better profit later.

Thanks.

[strello]

And with the unresponsive shareholders, can't you just hold their payouts for the moment, and make an announcement by email and here about a time limit for claiming, 2 months or something, and then those unclaimed payouts could be shared amongst the remaining shareholders.

Just a suggestion as it's pretty annoying for us all to have our payments delayed so much by a couple of unresponsive people.

And, of course, thanks for all your continued work on this.

[DeaDTerra]

As said, I will sit down today and tomorrow morning and start sending out payments.
Sure I can update the list but not much has happened.
As for the ASICMINER shares, I plan to keep them as I believe that they will be worth a lot more once the ASIC is up and running
I will keep the Bitcoins for them, I just wanted to close the bag on the last payment before I start a new one.
//DeaDTerra

[iCEBREAKER]

If GBF is actually closing, then please proceed apace with the demonstrated opportunity to liquidate its assets.

If GBF is continuing to hold assets in the hope of future appreciation, then it's not really closing.

If you're not going to make payouts and allow shareholders to take advantage of the record $22+ POB, don't say you are and then disappoint us.

Holding up payments because of a couple of flakes is unreasonable, and could cost us money if the POB crashes before we have a chance to sell.

Thanks again.   

[CecilNiosaki]

Personally, I would suggested holding on the ASCI shares until the first few dividends with their new hardware have been paid. If they are one of the first on the market, their profit will be high, and this will push the price even higher than they are now. To sell now would be to forsake the profit, and I think that if we are patient for this, we may be able to get a large majority, if not all of our funds back

[DeaDTerra]

If GBF is actually closing, then please proceed apace with the demonstrated opportunity to liquidate its assets.

If GBF is continuing to hold assets in the hope of future appreciation, then it's not really closing.

If you're not going to make payouts and allow shareholders to take advantage of the record $22+ POB, don't say you are and then disappoint us.

Holding up payments because of a couple of flakes is unreasonable, and could cost us money if the POB crashes before we have a chance to sell.

Thanks again.   

I understand why you think as such, but is it not still my duty to make sure you guys get back as much as possible?
By holding ASICMINER until they start mining, we will be able to get a lot more from the shares.
I could have been a shitty person and just put up a auction for all our shares and sold them all off for a fraction of their value.
But I didn't, I decided to stick with it and keep pushing to get back as much as possible.
So please have patience. I will do my best to speed up the process and I understand it's frustrating to have to wait for so long.

//DeaDTerra

[iCEBREAKER]

Okay, okay.  I'll stop nagging you.   

Go ASICMINER!  To the moon!!!

[LoweryCBS]

(check my math below before relying on the results)

Want to know how much ASICMiner value is in your personal Gamma shares?

Gamma investors can calculate their percent ownership of the total fund from here:
https://docs.google.com/spreadsheet/ccc?key=0AjO5QWRR9dAHdHZJRE1WRU00RWVEcEFNT0FQWmtlYmc#gid=0

(while the numbers in the 'A' column are outdated amounts due to partial payouts, they are still useful for calculating percent ownership of remaining assets)

Divide your personal number in column 'A' by 7214.14 (the grand total of column 'A') and that's your percent ownership of Gamma.

Multiply that resulting percent by 4607 (the fund's number of ASICMiner shares) and multiply that result by the current market value of ASICMiner as (sorta) determined in this auction here:
https://bitcointalk.org/index.php?topic=141067.0

(currently ~0.4 BTC / ASICMiner share)

For example, Investor #100 would calculate his value this way:

(188.78 / 7214.14) x 4607 x 0.4 = 48.22 BTC worth of ASICMiner

[bitdragon]

(check my math below before relying on the results)

Want to know how much ASICMiner value is in your personal Gamma shares?

Gamma investors can calculate their percent ownership of the total fund from here:
https://docs.google.com/spreadsheet/ccc?key=0AjO5QWRR9dAHdHZJRE1WRU00RWVEcEFNT0FQWmtlYmc#gid=0

(while the numbers in the 'A' column are outdated amounts due to partial payouts, they are still useful for calculating percent ownership of remaining assets)

Divide your personal number in column 'A' by 7214.14 (the grand total of column 'A') and that's your percent ownership of Gamma.

Multiply that resulting percent by 4607 (the fund's number of ASICMiner shares) and multiply that result by the current market value of ASICMiner as (sorta) determined in this auction here:
https://bitcointalk.org/index.php?topic=141067.0

(currently ~0.4 BTC / ASICMiner share)

For example, Investor #100 would calculate his value this way:

(188.78 / 7214.14) x 4607 x 0.4 = 48.22 BTC worth of ASICMiner

thanks, that's the best news in a while for my bitcoins

[DeaDTerra]

Payments are starting to go out now.
A total of 939.203 BTC will be paid out.
I have paid out all the old payments except 2 which still have invalid addresses.
//DeaDTerra

[DeaDTerra]

Double payments were accidentally sent to
Number 79-81.
Addresses
1CKggsBQbziwYBrdUzsG3UpABw22TWgBfg
1EFRrphzrhFyWCDpSNuAt4B9gcSyjiWXht
1FgFNoVGpBfhDwBWc166mhoC3vwGSQ6Sfy
Please return the coins to 121WSe4wVi8TqtzCzcpXDc8mKxDv281WU8
If you do not return then them I will take the same amount from future payments.
Until then I will cover it with my own money as it was my fuck up.
//DeaDTerra

[DeaDTerra]

I have processed all payments,
If you haven't received yours please send me a message and I will investigate further.
//DeaDTerra

[strello]

Received this payment- thank you very much. 

But I'm curious about one thing .

In message #676  , you say you had 300- 400 BTC.

https://bitcointalk.org/index.php?topic=74975.msg1496130#msg1496130

Then you said you got another 1000 BTC from a debt from IMSAGUY.

https://bitcointalk.org/index.php?topic=74975.msg1498557#msg1498557

Now you have paid out 939 BTC.

Why haven't you paid out the other 360- 460 BTC?

[DeaDTerra]

Received this payment- thank you very much. 

But I'm curious about one thing .

In message #676  , you say you had 300- 400 BTC.

https://bitcointalk.org/index.php?topic=74975.msg1496130#msg1496130

Then you said you got another 1000 BTC from a debt from IMSAGUY.

https://bitcointalk.org/index.php?topic=74975.msg1498557#msg1498557

Now you have paid out 939 BTC.

Why haven't you paid out the other 360- 460 BTC?

The debt was paid in batches,
IMSA Guy debt was not 1000 BTC but 800 BTC.
The 300- 400 BTC I was talking about was partially IMSAGUY payments as well as some from dividends and selling other assets.
And when I said a thousand that was the total amount collected, about 800 from IMSAGUY and about 200 BTC collected from other ventures the reason why it was dropped to 939 is because I had not considered the old payments which were not sent due to invalid addresses etc. Which were now paid out.
I am sorry if I have been unclear, with the announcements. I will be more clear of if it's a partial payment or a total amount as well as where the money came from.
Best Regards
//DeaDTerra

[GoWest]

Payment received.  TYVM

[DeaDTerra]

If you guys feel like it, please rate me on OTC
http://bitcoin-otc.com/viewratingdetail.php?nick=DeaDTerra
//DeaDTerra

[lenny_]

Payment received. My current status of an investment with you is: 16.26% funds I invested I have back. Probably I will never recover all of it but at least we have higher BTC/fiat rate right now so numbers are better.
I want this investment fund closing to be handled in secure way, with all required time to get things done, without selling shares for a friction of price. I can wait. Thanks again, DeadTerra 

[DeaDTerra]

Payment received. My current status of an investment with you is: 16.26% funds I invested I have back. Probably I will never recover all of it but at least we have higher BTC/fiat rate right now so numbers are better.
I want this investment fund closing to be handled in secure way, with all required time to get things done, without selling shares for a friction of price. I can wait. Thanks again, DeadTerra 

Hm that must be of the original deposit?
As according to my numbers 19.24 % has been paid back of the investor value when the fund shut down.
Indeed that is my goal , I want to take my time and try to get back as much as possible.
//DeaDTerra

[lenny_]

That's right, 16% of initial investment. But price/BTC since then has doubled, at least.
Good luck with recovering our funds. Can you please tell us what's the status of Gigamining shares?

[DeaDTerra]

That's right, 16% of initial investment. But price/BTC since then has doubled, at least.
Good luck with recovering our funds. Can you please tell us what's the status of Gigamining shares?

Thanks
I am currently working on providing the information necessary to claim the shares.
Then I will send it in to James and claim the shares and the dividends
//DeaDTerra