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Author Topic: General Retirement Corp (GRC)  (Read 799 times)
markm (OP)
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July 23, 2012, 02:09:24 PM
Last edit: September 20, 2012, 10:53:41 AM by markm
 #1

I have set up evaluation / assessment scripts that add up all of a Corp's assets, deduct its liabilities, and divide the result by the number of shares.

Their findings for General Retirement Corp (GRC) are that its net worth is 1407.85789473 DVC per share.

That is pretty good for a Corp that launched so recently at an initial offering price of 20 DVC per share.

Note that it is not the last traded price nor the lowest or highest or average traded price but simply an actual accounting of the assets held by the Corp and the liabilities of the Corp. Whether anyone who picked up its offering will part with any shares, and if so at what price, is entirely up to them.

Initially this Corp was mentioned in the DeVCorp thread; thanks are due to General Financial Corp for its essential help and contribution to GRC's setup, launch and success.

-MarkM-

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markm (OP)
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Today at 03:05:31 AM
 #2

It has been a long long time, about time for an update. Smiley

The latest findings for General Retirement Corp (GRC) are that its net worth is 1539532.53762256 DVC per share.

Whether that is pretty good or not after so much time is probably subjective, but bear in mind that DVC has itself probably changed in value in the intervening time.

Note that it is not the last traded price nor the lowest or highest or average traded price but simply an actual accounting of the assets held by the Corp and the liabilities of the Corp. Whether anyone who holds any will part with any, and if so at what price, is entirely up to them.

Initially this Corp was mentioned in the DeVCorp thread; thanks are due to General Financial Corp for its essential help and contribution to GRC's setup, launch and success.

This Corp had obviously been neglected or overlooked all this time, as I noticed it did not even have a Slush Fund account set up!

Thus I have just now set one up for it, albeit of course it always remains possible that various individual characters or players, or even groups thereof, could have various accounts in existence that have been acting in some ways or others as effectively yet more "slush funds" for the Corp.

All its issued shares have been disbursed, so there are none left with which to populate its Slush Fund to give it some funds to work with; whatever character was supposed to have been running this Corp ought to be fired.

It looks like going forward, hopefully with some new employee at the helm, GRC might need to take a loan; evidently it holds some "collateral units", specifically dvc100k units and dvc1m units, so will not need to put its treasury at risk as collateral; it should be able to borrow over a million DeVCoins easily and hopefully with that will be able to build up its Slush Funds (and of course pay the loan so it can keep its collateral units).


-MarkM-

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