[Cryptostocks] BBBB Bitcoin Emerging Market Fund

[Surf Capital Management]

NeoBee Statement

BBBB will take a minor loss on this position...

Minor as in "i sold before trading halt," or minor as in "all the coin's gone, but it wasn't much"?

The latter, the book value of the 30 share position was 118 mBTC and is now worth 0.5% percent of that.

[1714839524]

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[1714839524]

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[1714839524]

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[Surf Capital Management]

BBBB received Premium Verification from Cryptostocks.com today. Here are the details:





FYI: Cryptostocks.com is located in Beijing, China

[Surf Capital Management]

BBBB Disclosure: The Fund holds 10 shares of CTB

Company Outline
Crypto-Trade is owned and managed by Esecurity SA, a company providing DDOS protection hosting and VPS services. Crypto-Trade also receives hosting services by another Esecurity SA subsidiary; koDDos. Crypto-Trade.com offers real-time trading of both crypto-currencies and securities. As of May 2014 the website offers 25 different crypto-currency trading options; including their most recent offering of CinniCoin. Under the securities trading section of Crypto-Trade.com shares of the company are being purchased under the title of CTB.  Shares in the company cannot be purchased with fiat currency, they can only be bought and traded with bitcoin (BTC) or litecoin (LTC). The company shares that are not publicly held are owned by three individuals – all of whom are unnamed.

Company Shares
Initially CTB issued their shares in five batches which would account for a total of 50,000 shares; 40,000 in BTC and 10,000 in LTC. According to the CTB website all shares (as of May 1, 2014) have been distributed with 5392 of the BTC being purchased and 3294 LTC shares being purchased. These shares would receive dividends paid out of 50% of the companies profit with the second 50% being retained by CTB for management fees. CTB pays out no other operation costs as all servers operate as a part of the Esecurity SA DDOS protected network for free. As of February 2, 2014 the number of CTB shares in circulation was halved to 25,000. This will represent a doubling of the value of the shares from 0.001% - 0.002%. Despite this recent change in circulation the CTB securities section still lists a total of 50,000 outstanding company shares.

Revenue Projections
Crypto-Trade.com have stated that they are unable to project future dividend payouts for their company shares. However, using the model of an unnamed website as a precedent they attempted to predict payouts. They expected that they will be able to make $25,000 USD per month in profit which would translate to $12,500 USD being paid out to dividends. The CTB shares made a significant jump in value at the beginning of April 2014. Shares had been selling for 0.075 BTC and then jumped to 0.133 BTC at the beginning of the month and held steady ever since.

Hacking & Stolen Funds
In February of 2014 Crypto-Trade.com (CTB) was hacked and lost approximately $30,000 of users money. This attack came quickly on the heels of the attack on MTGOX and led to speculation that CTB also fell victim to an issue of transaction malleability. On February 19th CTB confirmed on their website that they had been attacked and that it was a a transaction malleability issue. At the advent of the attack the entire website was temporarily suspended while the attack was investigated. CTB quickly pledged to reimburse all customer losses out-of-pocket and once trading resumed all funds were returned to customers. In April of 2014  Crypto-Trade.com was also found to be susceptible to the heartbleed bug. Withdrawals were halted for 12 hours while the proper updates and testing was completed – there were no reported incidents related to losses of data from the heartbleed bug.

Future Developments
Crypto-Trade.com has released information that a “Crypto-Trade V2” is in development and it will address a number of issues that customers and shareholders have brought forward. A recent tweet from the company profile (@Crypto-Trade) states that V2 should be released on the 4th of May, 2014. *Note: May 4, 2014: the update has yet to be released.

Contact Information
+852 3750 7973
Level 23, One Island East
18 Westlands Road
Quarry Bay, Hong Kong

[junkonator]

You fail to mention that Esecurity SA hasn't paid dividends for quite some time now. CTL is generally cheaper than CTB but pays out the exactly same dividends. I have been in contact with people from CT and they have been fair, buying back the single-digit amount shares on cryptostocks back when ESEC was listed there.

[Jasun7211]

Good move my friend,  

I really like C-T they are going to start an ad campaign in the next couple weeks which will really boost vol.  Cdev, Grinny, Neotrix and Co. are a 1st class group.  They get a little overwelmed sometimes, but the price the C-T shares are at now are a real bargin.  Divs are excellent as well, and re-gaining their former payouts.  It personally is my favorite exchange.  You should ask Grinny to offer some IPO shares on C-T.

Good move riding this wave!!!!.  

BBBB here I come

[Surf Capital Management]

Secondary Offering Update: Funds raised from the BBBB secondary offering have been withdrawn and placed in a wallet not associated with Cryptostocks.com

1KYQwUw2fDBDankZwq2km5CR65wZM1nQqz

[nwfella]

Secondary Offering Update: Funds raised from the BBBB secondary offering have been withdrawn and placed in a wallet not associated with Cryptostocks.com

1KYQwUw2fDBDankZwq2km5CR65wZM1nQqz

And why pray tell would that be?  Secondly, why is it only ~2.13BTC?!?!  Shirley you have more than that left over from initial IPO?!?!

[Neo.op]

I cant seem to find returns charts anywhere on the site, anyone can point me in the right direction?

[Squeaker]

Well, the SPO seems to have stalled hard... (I won't call this an IPO... BBBB has already had an IPO... this is an SPO) (not to be anything negative about BBBB itself, it just bugs me when the wrong terms are used)

=squeak=

[Surf Capital Management]

The IPO flag has been lowered and trading will resume as normal.

The Secondary offering was less than stellar selling 18,532 shares and raising 2,223.84 mBTC.

Current Accounts and Positions:

BTCJam
Ciphertrade
Crypto-Stocks BBBB Admin Acct
Crypto-trade holdings
Havelock Investments
Litecoin Address
MiningCo.ETF - BBBB owns 20 shares
Quebecoin wallet
Additional funds raised from SVO

[Surf Capital Management]

If any accountants out there want to synthesize the information from the preceding post and create a simple balance sheet I am willing to pay a few mBTC.

[nwfella]

e-mailed you a really rough draft ODS file with most of the base value(s) plugged in that I could determine at a glance.  Hope it helps.

[ddepker]

Maybe I missed it, but when do dividends pick back up?
What is the overall status?

[Squeaker]

BBBB guys... it has been a while, we could use some kind of update.

=squeak=

[Surf Capital Management]

BBBB guys... it has been a while, we could use some kind of update.

=squeak=

Surf Capital Management is responding to a voluntary inquiry from a United States federal regulatory body. More information will be posted as it becomes available.

As always, additional information can be obtained by calling +1-855-483-2776.

[Squeaker]

Surf Capital Management is responding to a voluntary inquiry from a United States federal regulatory body. More information will be posted as it becomes available.

As always, additional information can be obtained by calling +1-855-483-2776.

Lovely... and I read this note, right after casting my vote on this poll --> http://politix.topix.com/debate/14251-does-the-federal-government-have-too-much-power-at-the-expense-of-the-states

Guess how I voted.

They gotta stick their noses into every damned thing... ugh...

=squeak=

[vm_mpn]

Any news? As long as it's not 25 to life without possibility of parole any news are welcome

[Surf Capital Management]

Any news? As long as it's not 25 to life without possibility of parole any news are welcome

I submitted ~150mb of information on a flash drive to (1) the investigating attorney and (2) the SEC central processing unit in Washington, D.C. The information contained proprietary research on various crypto-currency related ventures as well as information about the shareholders of BBBB (disclosed e-mail addresses) as well as some personal documents. The SEC attorney requested additional information concerning certain accounts (Havelock, Crypto-trade, etc.). The additional information was again sent via flash drive to the investigating attorney on 11/4. Since then, I have had no further correspondence with anyone at the SEC.

[vm_mpn]

Any news? As long as it's not 25 to life without possibility of parole any news are welcome

I submitted ~150mb of information on a flash drive to (1) the investigating attorney and (2) the SEC central processing unit in Washington, D.C. The information contained proprietary research on various crypto-currency related ventures as well as information about the shareholders of BBBB (disclosed e-mail addresses) as well as some personal documents. The SEC attorney requested additional information concerning certain accounts (Havelock, Crypto-trade, etc.). The additional information was again sent via flash drive to the investigating attorney on 11/4. Since then, I have had no further correspondence with anyone at the SEC.

Sounds just about right... A wild-goose chase. Thanks for the update. Providing everything will clear up with an inquiry keep us posted on what's happening with the fund if you haven't given up on the whole thing.

[Surf Capital Management]

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