[BTC-TC and BF] MININGCO.ETF - Closed

Ashitank

hero member

Activity: 560

Merit: 500

Quote from: Carnth on February 26, 2015, 07:06:03 PM

FINAL PAYOUT COMPLETE

https://blockchain.info/tx/421fa96752b3ddfd16d57386afab6681d95baa38af105a78f7c35e3f301da955

Wow. What a ride. With the final payout, MiningCo.ETF is CLOSED.

Thank you all for your patience and support throughout the entire process. I have done my best to run MiningCo.ETF with openness, honesty and integrity. If you feel that I have done so, please add me to your trust ratings. I would appreciate it very much.

Amazing Job & commitment Carnth. Thank you.

Best wishes for future mate

tekke

legendary

Activity: 854

Merit: 1000

Quote from: Carnth on February 26, 2015, 07:06:03 PM

FINAL PAYOUT COMPLETE

https://blockchain.info/tx/421fa96752b3ddfd16d57386afab6681d95baa38af105a78f7c35e3f301da955

Wow. What a ride. With the final payout, MiningCo.ETF is CLOSED.

Thank you all for your patience and support throughout the entire process. I have done my best to run MiningCo.ETF with openness, honesty and integrity. If you feel that I have done so, please add me to your trust ratings. I would appreciate it very much.

Thanks for all Carnth.

Carnth

hero member

Activity: 634

Merit: 500

FINAL PAYOUT COMPLETE

https://blockchain.info/tx/421fa96752b3ddfd16d57386afab6681d95baa38af105a78f7c35e3f301da955

Wow. What a ride. With the final payout, MiningCo.ETF is CLOSED.

Thank you all for your patience and support throughout the entire process. I have done my best to run MiningCo.ETF with openness, honesty and integrity. If you feel that I have done so, please add me to your trust ratings. I would appreciate it very much.

Carnth

hero member

Activity: 634

Merit: 500

With OgNasty's acceptance and payment for our AM shares, all assets have been liquidated.

Now we can start Liquidation payout.

Here is the spreadsheet with claimed shares. Search for your address to find your payout. If shares were not claimed, their payout has been forfeited and will be divided equally to the rest of the shareholders.
https://docs.google.com/spreadsheets/d/1O_lA8IFD5q6N-u7KTPcDGZdDAkPuEwXoKYAjfPoUuL0

Our total assets are now: 31.99066757 BTC
I am going to take 0.0005 BTC and use it for Bitcoin TX fees since this payout will have many inputs/outputs.

Total to be paid to shareholders is: 31.99016757 BTC

The total claimed shares are: 2107

Each share is entitled to a liquidation payout of: 0.0151828 BTC

Final payout will be made within 48 hours (but I expect to get this done within the next 2 hours).

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Mytche on February 21, 2015, 03:36:47 PM

Quote from: Surf Capital Management on February 21, 2015, 12:46:52 PM

Quote from: iCEBREAKER on February 21, 2015, 10:42:38 AM

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

Much appreciated.

I will go for the offer as well. Not sure if it is the case, but if you are the other 2 largest shareholders that would be a majority.

Carnth agreed to this offer. BTC has been sent: https://blockchain.info/tx/407be8ff41d69175817d5901f66ff1aa4485a909036d7c7be19304628d7a9cf7

Good luck to everyone. I hope I've been helpful.

Mytche

newbie

Activity: 56

Merit: 0

Quote from: Surf Capital Management on February 21, 2015, 12:46:52 PM

Quote from: iCEBREAKER on February 21, 2015, 10:42:38 AM

Quote from: Surf Capital Management on January 13, 2015, 07:00:55 PM

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

Much appreciated.

I will go for the offer as well. Not sure if it is the case, but if you are the other 2 largest shareholders that would be a majority.

Surf Capital Management

full member

Activity: 213

Merit: 102

Quote from: iCEBREAKER on February 21, 2015, 10:42:38 AM

Quote from: Surf Capital Management on January 13, 2015, 07:00:55 PM

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

Much appreciated.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Surf Capital Management on January 13, 2015, 07:00:55 PM

OgNasty has my vote to do whatever it takes to speed this process up.

Hi Carnth,

Surf CM and I would like to accept Og's 0.75 BTC offer for our AM so we can get this over with.

Since the shares aren't paying dividends and can't be transferred within a reasonable (or unreasonable) amount of time, they are worthless anyway.

Cheers,

-iB

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: iCEBREAKER on February 12, 2015, 04:45:18 AM

Quote from: OgNasty on February 09, 2015, 03:20:49 PM

Quote from: Surf Capital Management on February 09, 2015, 02:52:13 PM

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment. I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer. I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

Friedcat is a scammer if he does not honor his promise to transfer shares upon request.

We risked our BTC to make him rich and famous. And now he's too busy being successful to spend 5 minutes dealing with an early investor?

If Friedcat breaks his promise to confirm share transfers, I hope the Chinese Scam Police hunt him down and teach him a lesson.

Seems a bit harsh... I'm sure he just feels too busy to deal with such things. He'll distribute more BTC eventually, hopefully.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: OgNasty on February 09, 2015, 03:20:49 PM

Quote from: Surf Capital Management on February 09, 2015, 02:52:13 PM

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment. I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer. I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

Friedcat is a scammer if he does not honor his promise to transfer shares upon request.

We risked our BTC to make him rich and famous. And now he's too busy being successful to spend 5 minutes dealing with an early investor?

If Friedcat breaks his promise to confirm share transfers, I hope the Chinese Scam Police hunt him down and teach him a lesson.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Surf Capital Management on February 09, 2015, 02:52:13 PM

OgNasty, where you at?

I'm waiting patiently for confirmation that shares have been transferred so I can make the final payment. I offered to send 0.75 BTC now to satisfy the agreement in exchange for assuming the risk of AM not paying out or confirming the share transfer. I am still happy to do that, or we can stick to the original agreement and wait for confirmation from AM.

Surf Capital Management

full member

Activity: 213

Merit: 102

OG Nasty, where you at?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Maybe this will halp!

XPOST:

Quote from: iCEBREAKER on January 26, 2015, 06:44:03 AM

Quote from: friedcat on August 09, 2012, 03:18:17 AM

Q: We choose to share both the risks and the profits to investors willing to take them.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks. Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated. Grin

Quote from: Carnth on January 11, 2015, 09:38:22 AM

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Surf Capital Management on January 13, 2015, 07:00:55 PM

Quote from: iCEBREAKER on January 12, 2015, 10:08:25 PM

Quote from: OgNasty on January 12, 2015, 04:04:03 PM

Quote from: Surf Capital Management on January 12, 2015, 03:35:04 PM

Quote from: OgNasty on January 12, 2015, 02:18:43 PM

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC. The question is how long everyone wants to wait for AM to acknowledge a share transfer. I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush. I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will. Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

In that case, OgNasty has my vote to do whatever it takes to speed this process up.

I second the motion for Og to do whatever it takes to speed this process up.

Surf Capital Management

full member

Activity: 213

Merit: 102

Quote from: iCEBREAKER on January 12, 2015, 10:08:25 PM

Quote from: OgNasty on January 12, 2015, 04:04:03 PM

Quote from: Surf Capital Management on January 12, 2015, 03:35:04 PM

Quote from: OgNasty on January 12, 2015, 02:18:43 PM

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC. The question is how long everyone wants to wait for AM to acknowledge a share transfer. I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush. I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will. Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

In that case, OgNasty has my vote to do whatever it takes to speed this process up.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: OgNasty on January 12, 2015, 04:04:03 PM

Quote from: Surf Capital Management on January 12, 2015, 03:35:04 PM

Quote from: OgNasty on January 12, 2015, 02:18:43 PM

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC. The question is how long everyone wants to wait for AM to acknowledge a share transfer. I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush. I have no problem waiting it out, it makes no difference to me.

If it hasn't happened after a month, it probably never will. Unless we go and clog up the AM threads (esp. the Prisma sales) with reminders.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Surf Capital Management on January 12, 2015, 03:35:04 PM

Quote from: OgNasty on January 12, 2015, 02:18:43 PM

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

I already bought them for 1.5 BTC. The question is how long everyone wants to wait for AM to acknowledge a share transfer. I thought I'd offer an immediate solution, but don't want to pay more than 1 bird for 2 in the bush. I have no problem waiting it out, it makes no difference to me.

Surf Capital Management

full member

Activity: 213

Merit: 102

Quote from: OgNasty on January 12, 2015, 02:18:43 PM

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

The fair market value for the Fund's 17 shares of AsicMiner, according to Havelock, would be BTC1.751. Your offer represents a 57% discount to the shares fair market value.

Do we, as shareholders, think that the administrator of the most successful Bitcoin stock of all time will renege on his contractual obligation? Or is he just a little busy ATM?

I, personally, would not let this position go for less than BTC1. That's still a 43% discount.

Hell, I'll buy the position for BTC1.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Carnth on January 12, 2015, 12:06:40 AM

Quote from: iCEBREAKER on January 11, 2015, 09:55:54 PM

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

I fear we may have to consider this option.
I want to get this done and over with, as I'm sure you all are. I want to payout everything in one final payment. Mostly because I want to close out MiningCo. Also because a second small payment would just end up as dust to many shareholders.

If we want to put a time limit-we can-but we also need to decide if we want to just chalk up AM as a loss at that time.
Even if we decide to have a second payout if AM ever gets transferred, we will need to set a date on that too.

I'm open to ideas and possible dates.

What if I send another 0.75 BTC now and we call it even so you can close the fund, leaving me the risk that the shares will be transferred and friedcat will distribute BTC again someday?

Carnth

hero member

Activity: 634

Merit: 500

Quote from: iCEBREAKER on January 11, 2015, 09:55:54 PM

We should set a deadline and have a backup plan in case the AM shares are never transferred.

The obvious one seems to be a penultimate payout for everything but AM, and a possible final payout pending Friendcat getting around to fulfilling his obligations.

I fear we may have to consider this option.
I want to get this done and over with, as I'm sure you all are. I want to payout everything in one final payment. Mostly because I want to close out MiningCo. Also because a second small payment would just end up as dust to many shareholders.

If we want to put a time limit-we can-but we also need to decide if we want to just chalk up AM as a loss at that time.
Even if we decide to have a second payout if AM ever gets transferred, we will need to set a date on that too.

I'm open to ideas and possible dates.

Topic: [BTC-TC and BF] MININGCO.ETF - Closed (Read 48277 times)