Dividend Payment 0.0024096 0.0026 sended arrived at shareholder side 0.00195261! Dividend STOP!
The dividend on MGMP seems to have shrunk a lot in relation to GMP's dividends's the last couple of weeks.
1000x MGMP's dividend / GMP's dividend for comparing them on equal ground here:
this week 69,72%
the week before 92,46%
2 weeks ago 91,33%
3 weeks ago 159,52%
4 weeks ago 205,67%
Your calculations show a avarage dividend rate above 100%
MGMP allways payed above 100% dividend, you should rather check the Cryptostocks fees.
MGMP was created as a sublevel of GMP for small investors do to the strong rise of the exchange rate, so they can get involed in the GMP project.....
This is what cryptostocks page about fees say:
"Fees
Fees are charged to keep this exchange up and running as well as to finance its continuous development.
BTC LTC DVC
Trading 0.15%
+ security specific fee (see security info page for details)
List a security 2.00 200.00 1,000,000.00
Issue an option 0.01 2.00 5,000.00
Exercise an option 0.30% 0.30% 0.30%
Only the user exercising the option pays this fee
Buy an option 0.01 2.00 5,000.00
Withdrawal fees 0.01 0.10 25.00
Share transfer fees 0.10 35.00 100,000.00
Lost Yubikey /change Yubikey code via customer service 1 BTC
Lost share ownership code and/or password to restore offline shares 1 BTC
Share trade in fees
* The user trading in shares pays the trade in fee stipulated by the project owner in addition to the trading fees
* The project owner pays the trading fees for trade ins.
These fees are subject to change."
I dont spread any FUD, the calculations are correct, the dividend in MGMP have gone down relative to what have been paid out in GMP and there is nothing mentioned on cryptostocks about any fees for paying out divided, so if cryptostocks charge a fee for paying out dividend
then Cryptostocks forgot to mention it, if the reason for the relative decrease in dividend MGMP verses GMP is because of that cryptostocks have fees for paying out dividend(,whether that is a new thing or not), at least it explains the reason for it then. I was just asking a question about why it was like that, because with the info cryptostocks have avaliable at the moment the trendchange that happened diden't make any sense.
"...Usualy it works like this:
MGMP is collecting funds for buying new GMP shares at a level of 1:1000, but when you rather would like to make profit at this moment trough dividends or share sales, you are totaly wrong in this project.
If you dnt understand it dnt get involved.
Well i do understand how GMP and MGMP works, how did you get the impression i don't ?
Did i ever say i wanted to make profit at the moment on dividend or by trading MGMP(or even GMP shares for that matter), or did i even mention having any MGMP/GMP shares at the moment ? ...No i diden't say i wanted to make profit throu dividends or by selling shares....
If the relative change in dividend payouts between GMP and MGMG haden't been because of some Cryptostocks fees, it would have been importent information for a potential investors wanting to invest in MGMP/GMP to know(if there then had been a change in dividend distrubution policy between GMP/MGMP) so they could make the correct decition for there future investments, whether they should invest in MGMP or GMP.....
Both dividends and price on GMP and MGMP is (understandably) pretty low at the moment(both compared to what it has been in the past and compared to what it might become in the future).
When you will get your 5 Asic's delivered from the Stockholm based Swedish company KnCMiner in late September or early October and get those up and mining and when/if Avalon will compensate you for your losses for you sending Avalon some of your FPGA's for the trade in program and also compensate you for not recieving any Avalons(at that discounted trade-in price) on correct(many months ago now) time, then im sure both the price per share will jump up and the dividend in both GMP and MGMP will be to your satisfaction given the current situation on the mining market at that time. So GMP and even more so MGMP might be a great buy at the moment...
P.S. I see that you now have mentioned in another post that Cryptostocks in fact do charge a fee for paying out dividend! Is that a new thing they have added recently as it's not mentioned on there page aboout fees yet or has it always been like that ?
Cryptostocks should of course keep there page about there fees up to date and mention the fee for paying out dividend, so another thing for Kumala to do.....
