I see no point in compiling reports for the remaining shareholders. The situation with GLBSE is stagnant.
17pEq2FphQeHQQAA1fKvrNsBKrBSGhFE4Y
That is the address which received the remaining funds from GLBSE.
Topic: [GLBSE] MPOE ETF - September Financial Report Available (Read 14729 times)
I am at this time unable to retrieve some data which is required to produce the final financial report.
The production of the final financial report will be delayed until I can reasonably confirm the number of outstanding shares of MPOE ETF.
The production of the final financial report will be delayed until I can reasonably confirm the number of outstanding shares of MPOE ETF.
Perfect timing on this, too.
Congratulations on running the best asset that ever was on GLBSE, and good luck with the next one.
Quote
Oct 04 04:22:07 there's the wall
Oct 04 04:22:07 There it goes...
Oct 04 04:22:21 Was a pleasure
Oct 04 04:23:38 it was nice while it lasted 
Oct 04 04:24:31 [MPEX] [S.MPOE] 31400 @ 0.00035922 = 11.2795 BTC [-]
Oct 04 04:24:33 [MPEX] [S.MPOE] 34776 @ 0.00035919 = 12.4912 BTC [-]
Oct 04 04:25:06 so did you have fun with it smickles ?
Oct 04 04:25:18 5 months, best fund in btc history by returns, etc
Oct 04 04:25:24 * maximian ([email protected]) has joined #bitcoin-assets
Oct 04 04:25:34 By far
Oct 04 04:26:16 !pl mpoe.etf .1
Oct 04 04:26:16 Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
Oct 04 04:26:20 MPOE.ETF [[email protected]] paid: 0.02470282 BTC. Last price: 1.2638345 BTC. Capital gain: 1.1638345 BTC. Total: 1.18853732 BTC. (1188.5%)
Oct 04 04:26:33 that 1188% is definitive i'd guess
Oct 04 04:22:07
Oct 04 04:22:21
Oct 04 04:23:38
Oct 04 04:24:31
Oct 04 04:24:33
Oct 04 04:25:06
Oct 04 04:25:18
Oct 04 04:25:24 * maximian ([email protected]) has joined #bitcoin-assets
Oct 04 04:25:34
Oct 04 04:26:16
Oct 04 04:26:16
Oct 04 04:26:20
Oct 04 04:26:33
Congratulations on running the best asset that ever was on GLBSE, and good luck with the next one.
Upon due consideration, it is my undesired position to now announce the closure of MPOE.ETF.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
It would have been nice if you had told about this before. Maybe the liquidation could have been avoided, or at least diminished. I was about to ask you if I can redeem my shares for true S.MPOE stock... But well, what's done is done...
It's ok. Congratulations for a great work.
Upon due consideration, it is my undesired position to now announce the closure of MPOE.ETF.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
It would have been nice if you had told about this before. Maybe the liquidation could have been avoided, or at least diminished. I was about to ask you if I can redeem my shares for true S.MPOE stock... But well, what's done is done...
Upon due consideration, it is my undesired position to now announce the closure of MPOE.ETF.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
It would have been nice if you had told about this before. Maybe the liquidation could have been avoided, or at least diminished. I was about to ask you if I can redeem my shares for true S.MPOE stock... But well, what's done is done...
Upon due consideration, it is my undesired position to now announce the closure of MPOE.ETF.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
I have liquidated the assets and will begin the process of winding down the issue on GLBSE.
This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.
I will post a final financial statement no later than the 15th of October.
Code:
Revenue:
Dividend Revenue.......................... 5.05221082
5.05221082 what? shekels? seashells? shares of cpa, even?
of course, those are btcs, but the statement doesn't state it.
Code:
Revenue:
Dividend Revenue.......................... 5.05221082
5.05221082 what? shekels? seashells? shares of cpa, even?
of course, those are btcs, but the statement doesn't state it.
Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
MPOE ETF - GLBSE:MPOE.ETF
September 14, 2012 (Period: July 15, 2012 - September 14, 2012)
Monthly report which provides a comprehensive overview of the company for the
past month.
To the Shareholders of MPOE ETF:
I have completed MPOE ETF's financial statements for the month ending
September 14, 2012. In my opinion, the following statements accurately and
fairly represent the financial position of MPOE ETF.
MPOE ETF
INCOME STATEMENT
FOR THE MONTH ENDED September 14, 2012
_September_ _August_ _July_ _June_ _May_ _April_
Revenue:
Dividend Revenue.......................... 5.05221082 4.35374340 6.50356511 0.34524457 2.59723452 0.0
Expenses:
Wages Expense............................. 0.31566871 0.04353743 0.06444841 0.01303852 0.02597235 0.0
Trade Fee Expense......................... 0.05302933 0.0 0.0 0.52118931 0.0 0.067 (see note)
Other income and expenses:
Unrealized Gain on Investments............215.91187426 139.33418992 161.28724095 346.79228221 72.59434053 149.87084351
Miscellaneous Revenue..................... 0.0 0.0 0.0 0.26 0.0 0.0
Miscellaneous Expense..................... 0.0 0.0 0.05 0.0 0.0 20.0
Net Income....................................220.59538704 143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
Basic Earnings per common share............... 0.19873458 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
Diluted Earnings per common share............. 0.19873458 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
Dividends declared per common share........... 0.01421931 0.00196114 0.00580616 0.00058732 0.002128881 0.0
MPOE ETF
RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED September 14, 2012
Beginning Retained earnings...................852.58124267 711.11371848 549.88220187 203.67082895 129.80384351 0.0
Net Income for the Month......................220.59538704 143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
Less Dividends................................ 15.78343551 2.17687170 6.44484104 0.65192603 2.59723452 0.0
Increase in Retained Earnings.................204.81195153 141.46752419 161.23151661 346.21137292 72.59434053 129.80384351
Ending Retained Earnings.....................1057.39319420 852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
MPOE ETF
BALANCE SHEET
September 14, 2012
ASSETS
Current Assets:
Cash...................................... 26.21801858 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
Investments:
MPOE stock................................479.64870656 488.22351953 488.22351953 490.94574494 54.84171999 54.84171999
Valuation Allowance for Investments......1064.48858510 865.51639807 726.18220815 568.55885876 222.46518404 149.87084351
Total Assets.................................1570.35531024 1367.71361295 1231.64738893 1066.62295648 284.87960483 210.19449051
LIABILITIES
Current Liabilities:
Accounts Payable.......................... 0.0 15.77682435 16.91015862 18.91015862 18.91015862 19.390647
Dividends Payable......................... 15.78344654 2.17687643 6.44484233 0.65192649 1.29861726 0.0
Total Liabilities............................. 15.78344654 17.95370078 23.35500095 19.56208511 20.20877588 19.390647
STOCKHOLDERS' EQUITY
Common Stock..................................497.17866950 497.17866950 497.1786695 497.1786695 61.0 61.0
Retained Earnings............................1057.39319420 852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
Total Stockholders' Equity...................1554.5718637 1349.75991217 1208.29238798 1046.30941577 263.39818404 190.80384351
Total Liabilities and Stockholders' Equity...1570.35531024 1367.71361295 1231.64738893 1066.62295648 210.19449051 210.19449051
MPOE ETF
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED September 14, 2012
Cash flows from management activities:
Cash received as dividends................ 5.05221082 4.35374340 6.50356511 0.34524457 2.59723452 0.0
Deduct cash payments for expenses and
payments to creditors................. 16.09249306 1.17687170 2.11444841 0.01303852 0.50646073 0.609353
Net Cash Flows From Management
Activities............................(11.04028224) 3.17687170 4.3891167 0.33220605 2.09077379 (0.609353)
Cash flows from investing activities:
Cash payments for purchase of MPOE stock.. 1.00016000 0.0 0.0 0.0 0.0 (54.84171999)
Cash received from sale of MPOE stock..... 26.51466021 0.0 6.38611697 0.77170553 0.0 0.0
Deduct cash payment of exchange fees...... 0.05302934 0.0 0.0 0.2596428
Net cash flow from investing
activities........................ 25.46147087 0.0 6.38611697 0.51206273 0.0 (54.84171999)
Cash flows from financing activities:
Cash received from issuing stock.......... 0.0 0.0 0.0 0.0 0.0 61.0
Cash received as interest free loan....... 0.0 0.0 0.0 0.0 0.0 20.0
Cash payment of exchange Fees............. 0.0 0.0 0.0 0.0 0.0 20.067
Cash payment of dividends................. 2.17686540 6.44483760 (0.6519252) (1.2986168) 0.0 0.0
Net cash flow from financing
activities............................ (2.17686540) (6.44483760) (0.6519252) (1.2986168) 0.0 60.933
Cash at the beginning of the month............ 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701 0.0
Net cash flow for the month................... 12.24432323 (3.26796590) 10.12330847 (0.45434802) 2.09077379 5.48192701
Net cash flow and month end cash balance...... 26.21801858 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
Supplemental disclosure of cash flow
information:
Dividends declared and not paid............... 15.78344654 2.17687643 6.44484104 0.65192649 1.29861726 0.0
NOTES TO THE FINANCIAL STATEMENTS
April Trade Fee Expense
In April, the trade fee expense was counted as an Other Expense because
it was associated with a financing fee.
Valuation of MPOE stock
MPOE stock is valued by the 30 day volume weighted average price as
reported by MPEx (ticker S.MPOE) at
http://polimedia.us/bitcoin/mpex-vwap.php
Investment Activities
Over the course of the month the fund purchased and sold shares of the
underlying for a net change of -64849 shares.
Amount of MPOE stock held
The fund currently holds 4,009,131 shares of MPOE stock
Accounts Payable
The entirety of the fund's debt has been paid off.
Common Stock
The number of issued, outstanding and authorized stock is 1110 shares.
These shares have limited voting rights which are outlined in the
shareholder contract
(https://bitcointalk.org/index.php?topic=67535.msg785723#msg785723).
A dividend yield is not yet calculable as the fund has been in operation
for less than one year.
Signed,
Michael 'smickles' Carver
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=fAD5
-----END PGP SIGNATURE-----
Financial report of the underlying: http://polimedia.us/trilema/2012/mpoe-rezultate-august-2012/#comment-88317
Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
MPOE ETF - GLBSE:MPOE.ETF
August 14, 2012 (Period: July 15, 2012 - August 14, 2012)
Monthly report which provides a comprehensive overview of the company for the
past month.
To the Shareholders of MPOE ETF:
I have completed MPOE ETF's financial statements for the month ending
August 14, 2012. In my opinion, the following statements accurately and
fairly represent the financial position of MPOE ETF.
MPOE ETF
INCOME STATEMENT
FOR THE MONTH ENDED AUGUST 14, 2012
_August_ _July_ _June_ _May_ _April_
Revenue:
Dividend Revenue.......................... 4.35374340 6.50356511 0.34524457 2.59723452 0.0
Expenses:
Wages Expense............................. 0.04353743 0.06444841 0.01303852 0.02597235 0.0
Trade Fee Expense......................... 0.0 0.0 0.52118931 0.0 0.067 (see note)
Other income and expenses:
Unrealized Gain on Investments............139.33418992 161.28724095 346.79228221 72.59434053 149.87084351
Miscellaneous Revenue..................... 0.0 0.0 0.26 0.0 0.0
Miscellaneous Expense..................... 0.0 0.05 0.0 0.0 20.0
Net Income....................................143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
Basic Earnings per common share............... 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
Diluted Earnings per common share............. 0.12940936 0.15105978 0.31248945 0.123264877 0.21279319
Dividends declared per common share........... 0.00196114 0.00580616 0.00058732 0.002128881 0.0
MPOE ETF
RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED AUGUST 14, 2012
Beginning Retained earnings...................711.11371848 549.88220187 203.67082895 129.80384351 0.0
Net Income for the Month......................143.64439589 167.67635765 346.86329895 75.19157505 129.80384351
Less Dividends................................ 2.17687170 6.44484104 0.65192603 2.59723452 0.0
Increase in Retained Earnings.................141.46752419 161.23151661 346.21137292 72.59434053 129.80384351
Ending Retained Earnings......................852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
MPOE ETF
BALANCE SHEET
AUGUST 14, 2012
ASSETS
Current Assets:
Cash...................................... 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
Investments:
MPOE stock................................488.22351953 488.22351953 490.94574494 54.84171999 54.84171999
Valuation Allowance for Investments.......865.51639807 726.18220815 568.55885876 222.46518404 149.87084351
Total Assets.................................1367.71361295 1231.64738893 1066.62295648 284.87960483 210.19449051
LIABILITIES
Current Liabilities:
Accounts Payable.......................... 15.77682435 16.91015862 18.91015862 18.91015862 19.390647
Dividends Payable......................... 2.17687643 6.44484233 0.65192649 1.29861726 0.0
Total Liabilities............................. 17.95370078 23.35500095 19.56208511 20.20877588 19.390647
STOCKHOLDERS' EQUITY
Common Stock..................................497.17866950 497.1786695 497.1786695 61.0 61.0
Retained Earnings.............................852.58124267 711.11371848 549.88220187 202.39818404 129.80384351
Total Stockholders' Equity...................1349.75991217 1208.29238798 1046.30941577 263.39818404 190.80384351
Total Liabilities and Stockholders' Equity...1367.71361295 1231.64738893 1066.62295648 210.19449051 210.19449051
MPOE ETF
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED AUGUST 14, 2012
Cash flows from management activities:
Cash received as dividends................ 4.35374340 6.50356511 0.34524457 2.59723452 0.0
Deduct cash payments for expenses and
payments to creditors................. 1.17687170 2.11444841 0.01303852 0.50646073 0.609353
Net Cash Flows From Management
Activities............................ 3.17687170 4.3891167 0.33220605 2.09077379 (0.609353)
Cash flows from investing activities:
Cash payments for purchase of MPOE stock.. 0.0 0.0 0.0 0.0 (54.84171999)
Cash received from sale of MPOE stock..... 0.0 6.38611697 0.77170553 0.0 0.0
Deduct cash payment of exchange fees...... 0.0 0.0 0.2596428
Net cash flow from investing
activities........................ 0.0 6.38611697 0.51206273 0.0 (54.84171999)
Cash flows from financing activities:
Cash received from issuing stock.......... 0.0 0.0 0.0 0.0 61.0
Cash received as interest free loan....... 0.0 0.0 0.0 0.0 20.0
Cash payment of exchange Fees............. 0.0 0.0 0.0 0.0 20.067
Cash payment of dividends................. 6.44483760 (0.6519252) (1.2986168) 0.0 0.0
Net cash flow from financing
activities............................ (6.44483760) (0.6519252) (1.2986168) 0.0 60.933
Cash at the beginning of the month............ 17.24166125 7.11835278 7.5727008 5.48192701 0.0
Net cash flow for the month................... (3.26796590) 10.12330847 (0.45434802) 2.09077379 5.48192701
Net cash flow and month end cash balance...... 13.97369535 17.24166125 7.11835278 7.5727008 5.48192701
Supplemental disclosure of cash flow
information:
Dividends declared and not paid............... 2.17687643 6.44484104 0.65192649 1.29861726 0.0
NOTES TO THE FINANCIAL STATEMENTS
April Trade Fee Expense
In April, the trade fee expense was counted as an Other Expense because
it was associated with a financing fee.
Valuation of MPOE stock
MPOE stock is valued by the 30 day volume weighted average price as
reported by MPEx (ticker S.MPOE) at
http://polimedia.us/bitcoin/mpex-vwap.php
Investment Activities
There were no investment activities this month.
Amount of MPOE stock held
The fund currently holds 4,073,980 shares of MPOE stock
Accounts Payable
The entirety of the fund's debt is owned by Michael Carver and includes
only the organizational expenses of the fund and any yet unpaid wage.
This debt imparts no expense to the fund.
Common Stock
The number of issued, outstanding and authorized stock is 1110 shares.
These shares have limited voting rights which are outlined in the
shareholder contract
(https://bitcointalk.org/index.php?topic=67535.msg785723#msg785723).
A dividend yield is not yet calculable as the fund has been in operation
for less than one year.
Signed,
Michael Carver
also known as
smickles
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=3pCZ
-----END PGP SIGNATURE-----
So, 1.2k assets, 1.1k shares, worth ~1 btc/share.
~indeed
So, 1.2k assets, 1.1k shares, worth ~1 btc/share.
Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
MPOE ETF - GLBSE:MPOE.ETF
July 18, 2012 (Period: June 15, 2012 - July 14, 2012)
Monthly report which provides a comprehensive overview of the company for the past month.
To the Shareholders of MPOE ETF:
I have completed MPOE ETF's financial statements for the month ending July 14, 2012. In my opinion, the following statements accurately and fairly represent the financial position of MPOE ETF.
MPOE ETF
INCOME STATEMENT
FOR THE MONTH ENDED JULY 14, 2012
_July_ _June_ _May_ _April_
Revenue:
Dividend Revenue.......................... 6.50356511 0.34524457 2.59723452 0.0
Expenses:
Wages Expense............................. 0.06444841 0.01303852 0.02597235 0.0
Trade Fee Expense......................... 0.0 0.52118931 0.0 0.067 (see note)
Other income and expenses:
Unrealized Gain on Investments............161.28724095 346.79228221 72.59434053 149.87084351
Miscellaneous Revenue..................... 0.0 0.26 0.0 0.0
Miscellaneous Expense...................... 0.05 0.0 0.0 20.0
Net Income....................................167.67635765 346.86329895 75.19157505 129.80384351
Basic Earnings per common share............... 0.15105978 0.31248945 0.123264877 0.21279319
Diluted Earnings per common share............. 0.15105978 0.31248945 0.123264877 0.21279319
Dividends declared per common share........... 0.00580616 0.00058732 0.002128881 0.0
MPOE ETF
RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED JULY 14, 2012
Beginning Retained earnings....................549.88220187 203.67082895 129.80384351 0.0
Net Income for the Month......................167.67635765 346.86329895 75.19157505 129.80384351
Less Dividends................................ 6.44484104 0.65192603 2.59723452 0.0
Increase in Retained Earnings.................161.23151661 346.21137292 72.59434053 129.80384351
Ending Retained Earnings......................711.11371848 549.88220187 202.39818404 129.80384351
MPOE ETF
BALANCE SHEET
July 14, 2012
ASSETS
Current Assets:
Cash...................................... 17.24166125 7.11835278 7.5727008 5.48192701
Investments:
MPOE stock................................488.22351953 490.94574494 54.84171999 54.84171999
Valuation Allowance for Investments.......726.18220815 568.55885876 222.46518404 149.87084351
Total Assets.................................1231.64738893 1066.62295648 284.87960483 210.19449051
LIABILITIES
Current Liabilities:
Accounts Payable.......................... 16.91015862 18.91015862 18.91015862 19.390647
Dividends Payable......................... 6.44484233 0.65192649 1.29861726 0.0
Total Liabilities............................. 23.35500095 19.56208511 20.20877588 19.390647
STOCKHOLDERS' EQUITY
Common Stock..................................497.1786695 497.1786695 61.0 61.0
Retained Earnings.............................711.11371848 549.88220187 202.39818404 129.80384351
Total Stockholders' Equity...................1208.29238798 1046.30941577 263.39818404 190.80384351
Total Liabilities and Stockholders' Equity...1231.64738893 1066.62295648 210.19449051 210.19449051
MPOE ETF
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED JUNE 14, 2012
Cash flows from management activities:
Cash received as dividends................ 6.50356511 0.34524457 2.59723452 0.0
Deduct cash payments for expenses and
payments to creditors................. 2.11444841 0.01303852 0.50646073 0.609353
Net Cash Flows From Management
Activities............................ 4.3891167 0.33220605 2.09077379 (0.609353)
Cash flows from investing activities:
Cash payments for purchase of MPOE stock.. 0.0 0.0 0.0 (54.84171999)
Cash received from sale of MPOE stock..... 6.38611697 0.77170553 0.0 0.0
Deduct cash payment of exchange fees 0.0 0.2596428
Net cash flow from investing
activities........................ 6.38611697 0.51206273 0.0 (54.84171999)
Cash flows from financing activities:
Cash received from issuing stock.......... 0.0 0.0 0.0 61.0
Cash received as interest free loan....... 0.0 0.0 0.0 20.0
Cash payment of exchange Fees............. 0.0 0.0 0.0 20.067
Cash payment of dividends................. (0.6519252) (1.2986168) 0.0 0.0
Net cash flow from financing
activities............................ (0.6519252) (1.2986168) 0.0 60.933
Cash at the beginning of the month............ 7.11835278 7.5727008 5.48192701 0.0
Net cash flow for the month................... 10.12330847 (0.45434802) 2.09077379 5.48192701
Net cash flow and month end cash balance...... 17.24166125 7.11835278 7.5727008 5.48192701
Supplemental disclosure of cash flow
information:
Dividends declared and not paid............... 6.44484104 0.65192649 1.29861726 0.0
NOTES TO THE FINANCIAL STATEMENTS
April Trade Fee Expense
In April, the trade fee expense was counted as an Other Expense because it was associated with a financing fee.
Valuation of MPOE stock
MPOE stock is valued by the 30 day volume weighted average price as reported by MPEx (ticker S.MPOE) at http://polimedia.us/bitcoin/mpex-vwap.php
Investment Activities
Over the course of the month the fund sold 22,756 shares of MPOE stock a number of which were obtained through the action of exercising various derivatives.
Amount of MPOE stock held
The fund currently holds 4,081,225 shares of MPOE stock
Accounts Payable
The entirety of the fund's debt is owned by Michael Carver and includes only the organizational expenses of the fund and any yet unpaid wage. This debt imparts no expense to the fund.
Common Stock
The number of issued, outstanding and authorized stock is 1110 shares. These shares have limited voting rights which are outlined in the shareholder contract (https://bitcointalk.org/index.php?topic=67535.msg785723#msg785723). A dividend yield is not yet calculable as the fund has been in operation for less than one year.
Signed,
Michael Carver
also known as
smickles
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=yjuI
-----END PGP SIGNATURE-----
In consideration of the time, I have paid the dividend before posting the monthly financial report.
Please expect the report to come later today
Please expect the report to come later today
It's a pleasure reading these reports, congrats on a job well done.
Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
MPOE ETF - GLBSE:MPOE.ETF
June 14, 2012 (Period: May 15, 2012 - June 14, 2012)
Monthly report which provides a comprehensive overview of the company for the past month.
To the Shareholders of MPOE ETF:
I have completed MPOE ETF's financial statements for the month ending June 14, 2012. In my opinion, the following statements accurately and fairly represent the financial position of MPOE ETF.
MPOE ETF
INCOME STATEMENT
FOR THE MONTH ENDED JUNE 14, 2012
_June_ _May_ _April_
Revenue:
Dividend Revenue.......................... 0.34524457 2.59723452 0.0
Expenses:
Wages Expense............................. 0.01303852 0.02597235 0.0
Trade Fee Expense......................... 0.52118931 0.0 0.067 (see note)
Other income and expenses:
Unrealized Gain on Investments............346.79228221 72.59434053 149.87084351
Miscellaneous Revenue..................... 0.26 0.0 0.0
Miscelaneous Expense...................... 0.0 0.0 20.0
Net Income....................................346.86329895 75.19157505 129.80384351
Basic Earnings per common share............... 0.31248945 0.123264877 0.21279319
Diluted Earnings per common share............. 0.31248945 0.123264877 0.21279319
Dividends declared per common share........... 0.00058732 0.002128881 0.0
MPOE ETF
RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED JUNE 14, 2012
Begining Retained earnings....................203.67082895 129.80384351 0.0
Net Income for the Month......................346.86329895 75.19157505 129.80384351
Less Dividends................................ 0.65192603 2.59723452 0.0
Increase in Retained Earnings.................346.21137292 72.59434053 129.80384351
Ending Retained Earnings......................549.88220187 202.39818404 129.80384351
MPOE ETF
BALANCE SHEET
June 14, 2012
ASSETS
Current Assets:
Cash...................................... 7.11835278 7.5727008 5.48192701
Investments:
MPOE stock................................490.94574494 54.84171999 54.84171999
Valuation Allowance for Investments.......568.55885876 222.46518404 149.87084351
Total Assets.................................1066.62295648 284.87960483 210.19449051
LIABILITIES
Current Liabilities:
Accounts Payable.......................... 18.91015862 18.91015862 19.390647
Dividends Payable......................... 0.65192649 1.29861726 0.0
Total Liabilities............................. 19.56208511 20.20877588 19.390647
STOCKHOLDERS' EQUITY
Common Stock..................................497.1786695 61.0 61.0
Retained Earnings.............................549.88220187 202.39818404 129.80384351
Total Stockholders' Equity...................1046.30941577 263.39818404 190.80384351
Total Liabilities and Stockholders' Equity...1066.62295648 210.19449051 210.19449051
MPOE ETF
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED JUNE 14, 2012
Cash flows from management activities:
Cash received as dividends................ 0.34524457 2.59723452 0.0
Deduct cash payments for expenses and
payments to creditors................. 0.01303852 0.50646073 0.609353
Net Cash Flows From Management
Activities............................ 0.33220605 2.09077379 (0.609353)
Cash flows from investing activities:
Cash payments for purchase of MPOE stock.. 0.0 0.0 (54.84171999)
Cash received from sale of MPOE stock..... 0.77170553 0.0 0.0
Deduct cash payment of exchange fees 0.2596428
Net cash flow from investing
activities........................ 0.51206273 0.0 (54.84171999)
Cash flows from financing activities:
Cash received from issuing stock.......... 0.0 0.0 61.0
Cash received as interest free loan....... 0.0 0.0 20.0
Cash payment of exchange Fees............. 0.0 0.0 20.067
Cash payment of dividends................. (1.2986168) 0.0 0.0
Net cash flow from financing
activities............................ (1.2986168) 0.0 60.933
Cash at the beginning of the month............ 7.5727008 5.48192701 0.0
Net cash flow for the month................... (0.45434802) 2.09077379 5.48192701
Net cash flow and month end cash balance...... 7.11835278 7.5727008 5.48192701
Supplemental disclosure of cash flow
information:
Dividends declared and not paid............... 0.65192649 1.29861726 0.0
NOTES TO THE FINANCIAL STATEMENTS
April Trade Fee Expense
In April, the trade fee expense was counted as an Other Expense because it was associated with a financing fee.
Income from Operations
The income from operations line will no longer be included as it is not appropriated for the nature of business which the fund engages in.
Valuation of MPOE stock
MPOE stock is valued by the 30 day volume weighted average price as reported by MPEx (ticker S.MPOE) at http://polimedia.us/bitcoin/mpex-vwap.php
Investment Activities
On June 12, the fund sold 3067 shares of MPOE stock at a price of 0.0025212 BTC each yeilding 7.7325204 BTC not accounting for associated fees.
Later that same day the fund arranged an in kind creation of 500 shares its stock in exchange for 1853708 shares of MPOE stock valued at 0.00023530 BTC each.
Amount of MPOE stock held
The fund currently holds 4,103,981 shares of MPOE stock
Accounts Payable
The entirety of the fund's debt is owned by Michael Carver and includes only the organizational expenses of the fund and any yet unpaid wage. This debt imparts no expense to the fund.
Common Stock
The number of issued, outstanding and authorized stock is 1110 shares. These shares have limited voting rights which are outlined in the shareholder contract (https://bitcointalk.org/index.php?topic=67535.msg785723#msg785723). A dividend yeild is not yet calculable as the fund has been in operation for less than one year.
Signed,
Michael Carver
also known as
smickles
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=a54G
-----END PGP SIGNATURE-----
I have been able to arrange an in kind creation of shares of MPOE ETF. The fund received 1,853,708 shares of MPOE in exchange for 500 shares of MPOE ETF which increases the number of MPOE shares held per MPOE ETF share.
I noticed your by-laws link in the contract does not work. I was wondering about voting rights and the right to raise a motion.
Given the large discount to NAV, I would like to propose a (partial) sale of S.MPOE shares of the fund to be used either to pay a special dividend, or to buy back shares at a discount to NAV. I believe either measure should help to reduce the gap between NAV and share price.
Regards,
Brendio.
Bitcoin Investment Bank.
I will have to fix the issue with the bylaws link tomorrow. Thank you for telling me about it.Given the large discount to NAV, I would like to propose a (partial) sale of S.MPOE shares of the fund to be used either to pay a special dividend, or to buy back shares at a discount to NAV. I believe either measure should help to reduce the gap between NAV and share price.
Regards,
Brendio.
Bitcoin Investment Bank.
However, you did not miss much of anything. Since there has been no discussion of the bylaws here, no bylaws have been even drafted up.
In line with my judgement of the situation I have been able to sell a small portion of the shares which the fund holds at a reasonable price in order to pay a larger dividend this month.
Jump to: