what's your current valuation of the NAV/share?
I just did something I have done in a long time. I updated the NAV on the spreadsheet.
It is currently: 0.0177 as of this post.
Keep your eyes open for selling opportunities. PM me!
Topic: [BTC-TC and BF] MININGCO.ETF - Closed - page 4. (Read 48261 times)
I just did something I have done in a long time. I updated the NAV on the spreadsheet.
It is currently: 0.0177 as of this post.
Keep your eyes open for selling opportunities. PM me!
what's your current valuation of the NAV/share?
Sent a total of 0.128998 to the public address.
0.133998 - 0.005 (fee)
These are GMP dividends proceeds. While I was there, I put a sell order for for our GMP: 20 @ 0.294999 each.
0.133998 - 0.005 (fee)
These are GMP dividends proceeds. While I was there, I put a sell order for for our GMP: 20 @ 0.294999 each.
You are waiting for “reasonable prices” to liquidate the remaining shares but this is vaguely, if at all, defined.
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
Hi Garret.
You have questions for me a concerned shareholder would have. Please be assured that this fund is not selling any new shares. I do have a public ledger of all shareholders who have properly claimed their shares--with public Bitcoin addresses. I have taken great lengths to make sure the closing of MiningCo.ETF is/was as painless as possible. This included not liquidating assets during the time of BTCT.co and BitFunder shutting down.
To get the complete story, I would invite you to read through the pages of this thread. I have always managed this fund openly so that everyone knows what is going on. Every step I have taken with the fund and its closing has been documented. I'm sure this will answer every question you may have.
A great place to start will be here:
https://bitcointalksearch.org/topic/m.3271331
You are waiting for “reasonable prices” to liquidate the remaining shares but this is vaguely, if at all, defined.
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
Could you be more specific on your plan to wind down the fund?
Are investors going to be locked up for another six months, year, two years?
Do you have a ledger of all the shareholders and their Bitcoin addresses? Could you publish it?
Thanks for all your work, Carnth.
-Garrett
Hi Garret.
All divs are still being collected. They are either paid directly to the fund's public address or held in respective exchange accounts until it makes sense to withdraw without incurring a large number of fees. All withdraws from an exchange are deposited to the fund's public address.
All dividends are tracked and added to the public spreadsheet.
Public address and public spreadsheet can be found on the seconds post in this topic:
https://bitcointalksearch.org/topic/m.1431361
Yes.
No.
If you mean a final payout, then yes.
No. I have stopped updating the NAV.
There is no future for MiningCo.ETF. The fund is shutting down (hence the "closing" title of this thread).
The plan is to liquidate assets at a reasonable price and make a final distribution.
are you passing through any divs? if so, from what address?
All divs are still being collected. They are either paid directly to the fund's public address or held in respective exchange accounts until it makes sense to withdraw without incurring a large number of fees. All withdraws from an exchange are deposited to the fund's public address.
All dividends are tracked and added to the public spreadsheet.
Public address and public spreadsheet can be found on the seconds post in this topic:
https://bitcointalksearch.org/topic/m.1431361
any plans on what to do with the 26 BTC (~$17k) in the reserve fund?
Yes.
Buy new shares?
No.
Fat dividend to shareholders?
If you mean a final payout, then yes.
updated NAV?
No. I have stopped updating the NAV.
i'd appreciate speaking to you for a few minutes about the future of MiningCO.ETF
There is no future for MiningCo.ETF. The fund is shutting down (hence the "closing" title of this thread).
The plan is to liquidate assets at a reasonable price and make a final distribution.
are you passing through any divs? if so, from what address?
any plans on what to do with the 26 BTC (~$17k) in the reserve fund? Buy new shares? Fat dividend to shareholders?
updated NAV?
if you wouldn't mind calling me at 855-483-2776 ext. 0, i'd appreciate speaking to you for a few minutes about the future of MiningCO.ETF
Thanks,
Garrett
any plans on what to do with the 26 BTC (~$17k) in the reserve fund? Buy new shares? Fat dividend to shareholders?
updated NAV?
if you wouldn't mind calling me at 855-483-2776 ext. 0, i'd appreciate speaking to you for a few minutes about the future of MiningCO.ETF
Thanks,
Garrett
If somebody offer us something I'll strongly suggest the sell. Heck, even if that someone wants to buy more I put my shares in the same basket.
I've heard about the PI and a potential lawsuit. But I don't get a good feeling about either.
Should we discard them as worthless? Try to sell the lot of our shares for anything to a hopeful buyer?
Keep discussing.
Should we discard them as worthless? Try to sell the lot of our shares for anything to a hopeful buyer?
Keep discussing.
The basic-mining situation is pretty clear: SCAM
I"m in the google group where user hired a PI and tried to track down creativex, just to find out the kind of scumbag he is .
I"m in the google group where user hired a PI and tried to track down creativex, just to find out the kind of scumbag he is .
We need to make a decision about basic-mining.
It looks like creativex has pulled a BAKEWELL on us. There has been no word from him or about him in months.
Are we going to write these off as worthless? Please discuss your thoughts.
It looks like creativex has pulled a BAKEWELL on us. There has been no word from him or about him in months.
Are we going to write these off as worthless? Please discuss your thoughts.
Thanks for the updates.
Keep 'em coming when the price is right.
Keep 'em coming when the price is right.
Right after I wrote the post above, there was a good news. ASICMiner's hashrate estimate increased 10-fold.
Personally I would wait for the share to increase to BTC 2.0 at least (which may take a few weeks for the confirmation of the good news, and first good dividends), but you may want to sell around 0.7 right now, your choice.
Personally I would wait for the share to increase to BTC 2.0 at least (which may take a few weeks for the confirmation of the good news, and first good dividends), but you may want to sell around 0.7 right now, your choice.
Hi Carnth,
I want to thank you for your frequent updates.
I'm still looking for a good timing for any of our asset, but I think we still have to wait until many newcomers join the bitcoin-denominated stock exchange to buy overpriced assets from our hands in 2014, like I and many noobs did on btct.co and bitfunder in 2013.
I want to thank you for your frequent updates.
I'm still looking for a good timing for any of our asset, but I think we still have to wait until many newcomers join the bitcoin-denominated stock exchange to buy overpriced assets from our hands in 2014, like I and many noobs did on btct.co and bitfunder in 2013.
Letting you know that I am still alive.
If you see any market movement/good price to sell, send a PM.
I am considering moving our Direct ASICMINER share to AM1. I think it would help make selling easier.
If you see any market movement/good price to sell, send a PM.
I am considering moving our Direct ASICMINER share to AM1. I think it would help make selling easier.
Great news!
I wish I could suggest an other security for which it's time to sell, but... nope. I think we'd still better wait.
I wish I could suggest an other security for which it's time to sell, but... nope. I think we'd still better wait.
Over New Year's someone went on a GMP buying spree.
17 of our 37 shares of GMP sold at .299999 BTC.
After trade fees, this is BTC 5.09233303
Along with accrued GMP dividends on cryptostocks I have transferred a total of BTC 5.26331 to the public address.
17 of our 37 shares of GMP sold at .299999 BTC.
After trade fees, this is BTC 5.09233303
Along with accrued GMP dividends on cryptostocks I have transferred a total of BTC 5.26331 to the public address.
ASICMINER looks like will be dropping since Q1 2014, then batch of new hardware will be dispatched and start mining, so in that time price may rise. It's not good idea to sell now (price is about 0.25 and goes lower, but in the spring may be above 0.5).
It looks like the best thing to do is wait for now. I still welcome any other suggestions about ASICMINER or any of our underlying assets.
ASICMINER looks like will be dropping since Q1 2014, then batch of new hardware will be dispatched and start mining, so in that time price may rise. It's not good idea to sell now (price is about 0.25 and goes lower, but in the spring may be above 0.5).
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