[Cryptostocks] (DIVC) Dividend Crazy

DeadwoodDan

full member

Activity: 238

Merit: 100

Quote from: tunafish on February 21, 2014, 11:37:53 AM

anyone know whatever happend to this fund? I see it did pay out a dividend on 2/18, the first since Nov. I feel bad for whoever all has the 533 shares of this; looks like the average dividend has been about .00025 per share on a stock that went for .25 per share, so only 985 more dividends to go until you can break even! At least you can sell your shares at .00013 btc, only a 99.95% loss (though to be fair thats not counting the dividends, so i guess it'd be like a 98% loss...lulz)
Seriously though I would love to get in on this, the contact info listed is tormail and this guy managed to rake in 136 btc and only pay out 3.25 in dividends. I can't help but wonder if anyone managed to track OP down and sue for civil claims or SEC/FBI issues for securities fraud....
If not then I'd like to announce the IPO of FISHFund... Cheesy

GOSH PAW I DUN INVESTED IN THIS UNLICENSED, UNREGULATED SECURITY CALLED "DIVIDENDCRAZY"

NOW THEY DUN DISAPPEARED ON ME

tunafish

member

Activity: 95

Merit: 10

anyone know whatever happend to this fund? I see it did pay out a dividend on 2/18, the first since Nov. I feel bad for whoever all has the 533 shares of this; looks like the average dividend has been about .00025 per share on a stock that went for .25 per share, so only 985 more dividends to go until you can break even! At least you can sell your shares at .00013 btc, only a 99.95% loss (though to be fair thats not counting the dividends, so i guess it'd be like a 98% loss...lulz)
Seriously though I would love to get in on this, the contact info listed is tormail and this guy managed to rake in 136 btc and only pay out 3.25 in dividends. I can't help but wonder if anyone managed to track OP down and sue for civil claims or SEC/FBI issues for securities fraud....
If not then I'd like to announce the IPO of FISHFund... Cheesy

lucullus

hero member

Activity: 529

Merit: 500

Quote from: DividendCrazy on August 18, 2013, 05:59:56 PM

Dividend of $17.36 was paid
$2.60 was set aside for taxes
$14.76 was purchased at a rate of $113.19
BTC0.1296828 will be paid out as dividends.

Why are you opening a vote to leave Cryptostocks?

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $17.36 was paid
$2.60 was set aside for taxes
$14.76 was purchased at a rate of $113.19
BTC0.1296828 will be paid out as dividends.

DividendCrazy

newbie

Activity: 38

Merit: 0

I've sent out a vote to leave CS

If majority agrees, I will do all that I can to track down the cryptostocks exchange owner and get the asset list from them and apply for a listing at btct.co

51% or more must vote yes.

DividendCrazy

newbie

Activity: 38

Merit: 0

$10.99 were paid.

$9.34 was left after taxes

Exchanged at $96.89 with a 0.55% fee

BTC0.0958698 was paid!

superbit

hero member

Activity: 763

Merit: 500

Quote from: bitcoinplay on June 22, 2013, 07:18:06 AM

Lol tax.. yes sure I bet it is just going to your pocket.

Tax would make sense, if he is buying stocks on a regulated exchange he will be getting tax slips from his brokerage on dividends, pretty tough to ignore that and pocket the money.

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $10.99 was paid

$9.34 after 15% tax

BTC0.14012505 after a trading fee of 0.0055

DividendCrazy

newbie

Activity: 38

Merit: 0

Speculate what you want, but you should do some research on the subject before claiming what I do and do not do with our money.

bitcoinplay

member

Activity: 84

Merit: 10

Bitcoin Play!

Lol tax.. yes sure I bet it is just going to your pocket.

DividendCrazy

newbie

Activity: 38

Merit: 0

Quote from: puffpuffpass on June 22, 2013, 02:03:29 AM

This is retarded.

Thank you for your feedback.

Welcome to my ignore list.

puffpuffpass

member

Activity: 70

Merit: 10

I'm nobody.

This is retarded.

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $14.25 was paid.

$2.14 was set aside for taxes.

$12.11 was converted to BTC @ $101.99 minus a fee of $0.07

BTC0.11808764 was paid out.

As you all know, MT.GOX has ceased operations within the USofA. I will be using CampBX moving forward.

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $10.73 was paid.

$1.61 was put aside for taxes.

BTC0.0748 was purchased.

A fee of BTC0.00044880 was paid.

Leaving us with a dividend of BTC0.0743512

Sorry it was late. CS was experiencing technical difficulties.

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $7.12 was received. 6.05 was paid out after taxes!

The higher price of BTC is going crazy! :-P

On even more great news, with the price increase, we have hit $680 in reserves. I'll be withdrawing those funds to invest with now. So we will begin to see a higher return in about a month! :-)

DividendCrazy

newbie

Activity: 38

Merit: 0

Dividend of $8.38 was received. $1.26 was set aside for taxes. $7.12 was transferred to MT.GOX and traded at $47.25007 for BTC0.1507 after the fee, we were left with BTC0.1497958.

After the fee that CS collects, we were paid: BTC0.14979040 total or 0.00027535 per share.

DividendCrazy

newbie

Activity: 38

Merit: 0

I agree with you, however the dividend payouts will always be worth the same USD value. As in, if USD BTC goes up in value, you get less BTC, but the same USD value equivalent. If USD BTC goes down in value, then we get more BTC, but still the same USD value.

I'm a fan of it. As long as those dividends last.

On a side note, our account value has risen as well. By ~5%.

superbit

hero member

Activity: 763

Merit: 500

Investing BTC in investments that deal in FIAT are always going to have extreme exchange rate risk. At least for the foreseeable future.

DividendCrazy

newbie

Activity: 38

Merit: 0

I'm still trying to sell it at BTC0.25. It hasn't traded at that for almost a month now Cry

.

A few people are selling off the stock, which I understand. If they invested BTC0.25 back when BTC was worth $10, they've almost tripled their USD value. I could "adjust" my sell offer of the BTC equivalent to ~$3 per share like it was when I first started, but that would be unfair to the original investors. If I raise more funding now, with the BTC price so high, I'll end up with a higher USD amount of funding. So when BTC goes back down (because it will), we will have withdrawn BTC at a high price and invested it, then paid dividends as it came down... So more BTC's!

I have about BTC6 waiting that needs to be invested, but I won't withdrawl it until I have at least $500 worth of BTC raised to invest with. It wouldn't be worth investing ~$150 and paying a $4 fee to do so. Because the annual % yield on that will be ~10%.

I hope this helps answer your question. If not, be more specific and I will try my best to clarify.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: DividendCrazy on February 18, 2013, 02:33:01 PM

$8.00 was paid as a dividend.

15% was set aside for taxes ($1.20).

$6.80 was sent to MTGOX and converted at $26.72324 per Bitcoin. BTC0.2545 minus the MTGOX fee of BTC0.001527 leaving us with BTC0.252973 to be paid out to shareholders.

BTC0.25297160 was paid out after Cryptostocks fee.

Let me ask you, how did you not lose your stocks value in BTC terms with the BTC rally?

Not the reduced dividends in BTC terms, but you are still selling it @ 0.25..

Topic: [Cryptostocks] (DIVC) Dividend Crazy (Read 4771 times)