Topic: [Cryptostocks] (DIVC) Dividend Crazy - page 2. (Read 4771 times)

$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.

A dividend was paid out today.


$7.12 was the dividend amount and 15% was set aside for taxes. ($1.07) leaving us with $6.05 to be paid out to investors.

There was no Dwolla fee since this was under $10.00

I converted 6.05 @ the market price and received BTC0.2848.

I transferred the BTC0.2848 and paid the transfer fee myself (0.0005).

I then paid out the dividend. With Cryptostocks collecting their fee on dividend payment, the end result was: BTC0.28479863 total paid out to 541 shares. The dividend per share was: BTC0.00052643

There should be another payment around February 15th. Since we are now in two dividend paying companies.

**Cryptostocks has implemented a new "Fee Surcharge" system. I will be charging a 0.2% fee for funds management. In light of this, I will be verifying myself with Kluge.

Why will I not verify myself with Cryptostocks? Because if Cryptostocks catches any flack from any government agency, I'm sure they will give up whatever they can to save themselves. I've said it before. I want to avoid any GLBSE fiasco again. If anything goes down, I'll stay in touch and since the funds are in a stock exchange (independent of bitcoins), we won't have any risk of losing them. If I do run for the hills, Kluge will release my information for all to find me.

Feel free to post any feedback or concerns. Thanks!

I don't see what this has to do with your identity.  If Cryptostocks collapses the same way GLBSE did, then you might still lose your funds whether they have your true name or not.  You need to make clear to the investors if should be held liable in the event that your fund is able to trade on cryptostocks or not.  Giving your identity to someone is allowing people an ability to find you in the event that you are pulling a scam.  You need to allow the possibility that if you screw up and are liable for the funds that your identity could be exposed.

I couldn't find the original threads. There was a lot of drama back then between Goat and Nefario. However, here's a post where Goat notes I did hold the ID in escrow: https://bitcointalksearch.org/topic/investment-fund-gamma-bitcoin-fund-closed-74975

I will not give up my identity, however I am willing to show statements at least. I WILL however block out things, like account #'s and whatever else I think will be "personal". Either way, we now hold shares with two companies that pay monthly dividends. So, starting February, we should be receiving bi-monthly payouts! This is very exciting!

+1

Paying dividends doesn't (or shouldn't) of itself gain a lot of trust.  Ponzis are better at paying dividends than real investments - until they stop.  Transparency is best way to get trust - provide a way whereby investors can see that you're doing what you say you're doing and making the profts that you say you're making from doing so.

Can you link to proof? If people will trust me more because I did this, then I would be open to do so. The only other way I see trust being built is by me paying those dividends.

On a side note, I saw that there were some large purchases! Thank you to those that risked it!

And if we have another GLBSE situation with this exchange? Then what? if anything were to happen to me, then what do you think would happen to the funds? Lawyer fees and court costs?

That's what I'm trying to avoid through all of this.

I did ID escrow for Goat, used transliteration software, and double-checked data when he refused to release his info to Nefario, keeping it encrypted and hidden away, and have absolutely no conflict of interest (aside a gut feeling of skepticism), fwiw.

How about starting with the people that run Cryptostocks?  You trust them enough to set up shop there.

I like this idea. I don't know/trust any of them. Who here is trusted within the community? Drop some names and I'll start considering.

To instill confidence to potential investors, you should give your personal information to an escrow agent and allow them to verify your identity and act as an auditor of your actual accounts on the brokerage.  Then if you run with your client's money, the escrow agent can release your personal identification to the world.

I feel as I've taken necessary precautions to prevent such actions. I also reached out to the cryptostocks owner and made him aware of what I wanted to do prior to me starting it.

This is generally accepted to be illegal. Bitcoin is bitcoin and may be at worst a grey area but never mix bitcoin and the US stock market. You have been warned.

Edit: This will end up bringing heat on the forums and the community. You have been warned.

Dividend paid of $8.01. After 15%, that comes out to $6.81. There was no Dwolla fee as it was under $10. The MTGOX buy was executed at $13.421 which equates to BTC0.5074 minus BTC0.0030444 MTGOX trading fee.

Total dividend paid: BTC0.5043556

**Update to the company**

I've raised another ~$900 of funding thanks to some big players in the market. I will be purchasing another monthly and come February, I should have two dividend payments per month on a close to bi-weekly schedule. NOT EXACTLY bi-weekly, but close to it! It will be like receiving a paycheck for owning BTC!  

Happy investing.


*edit to this*

Cryptostocks collects a small fee when paying dividends. The fee in this transaction was BTC0.00000142

I'll see what I can do. Statements are my first guess, but that would give up my account info. I would be willing to block it out however. Currently, I only have one company. I'm about half way to raising enough to get into another stock that I have become a fan of. Hopefully we can get into that one in January and start paying bi-monthly dividends.


Also, sorry for the bad link! I just did a quick search on Nefario and SEC, read the post and assumed that's what it was. As I stated prior, I'll just have to prove it through paying dividends. I have some funding currently sitting idle as it would be a waste to transfer it unless I plan on using it 100%. As opposed to paying fees to invest small amounts over and over again.

Either way, thank you for your interest.

That link says nothing about the SEC going crazy on nefario - it's just nefario confirming that the SEC were investigating pirate.

Getting back on topic - can you offer ANY proof at all that whatever funds you raise are being used to purchase shares (as opposed to say, being use to run a ponzi)?  I can't see a list anywhere of what you even CLAIM to be invested in - let alone any proof that you're actually invested.  As you're a new account you may not have realised, but there have benn cases in the past where people have refused to prove they were doing what they were claiming to do and instead have been running ponzis/scamming/doing something entirely different.  As you don't have any history or reputation here to lose, can you offer ANY evidence that you're acting in good faith?

https://bitcointalksearch.org/topic/m.1218758

Actually he, himself said so. However, you can call him a liar I suppose...


Let's stay on track though. Feel free to PM me or TOR chat me questions/concerns that are NOT DividendCrazy related.

...which you know only because someone said he said so, correct?