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Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 79. (Read 290029 times)

full member
Activity: 149
Merit: 100
You haven't yet sent back the exchanged MINE and SELL though :/
legendary
Activity: 1386
Merit: 1000
Okay, Havelock is back up after some upgrades apparently. All EXCH holders who missed the MINE dividend at Noon had their EXCH shares bought back at the price of the MINE dividends, so everyone is now whole. Hopefully the automated exchange will be functional soon and this will no longer be an issue  Smiley

Period 2, Day 11 Report - February 15, 2014

Balance Post Divs: BTC 319.58588428

Total Units: 1728

NAV/U: BTC 0.18494553
legendary
Activity: 1386
Merit: 1000
Havelock's login screen is currently redirecting to a blank page, so I wasn't able to login and exchange the shares before the MINE dividend paid at noon. All EXCH shares purchased before Noon will be bought back for their respective dividends that should have been paid once I can log in and do so.
legendary
Activity: 1386
Merit: 1000
Period 2, Day 10 Report - February 14, 2014

Balance Post Divs: BTC 311.20798482

Total Units: 1676

NAV/U: BTC 0.18568495


For the record, any trades that take place will be recorded using Havelock's timestamp (they list the current time in the top right-hand corner of the site as well). In the event that there is a time-zone difference between Havelock and Eastern Time (US), the time in New York City, New York will prevail.

Difficulty looks like it will be increasing sometime Sunday night / Monday morning, which would lead to a SELL dividend being issued Monday.
legendary
Activity: 1386
Merit: 1000
Period 2, Day 9 Report - February 13, 2014

Balance Post Divs: BTC 310.11380269

Total Units: 1662

NAV/U: BTC 0.18659073

legendary
Activity: 1386
Merit: 1000
@twentyseventy:

Sorry for the OT, but I'm curious: Is the secret pr0nz website you were pimping still paying you?  

Have you been stiffed like everyone else, or is it totally legit like you claimed?  Could you drop by that thread and calm the folks down?
Thx

Neither I nor anyone else to my knowledge has been 'stiffed'. The next payment to shareholders is due on the 15th, as it has been every month, and I fully expect that ABitInterested will continue to pay, as promised.
newbie
Activity: 56
Merit: 0
@twentyseventy:

Sorry for the OT, but I'm curious: Is the secret pr0nz website you were pimping still paying you?  

Have you been stiffed like everyone else, or is it totally legit like you claimed?  Could you drop by that thread and calm the folks down?
Thx
legendary
Activity: 1386
Merit: 1000
twentyseventy how exactly is the payment of B.SELL dividends and the setup of the new price of B.EXCH happening? You already said that you can't lock B.SELL but what about B.EXCH?

Will you close trading on B.EXCH? Or do youe leave up B.EXCH and simply put the lower order up?

Usually, on the day that the SELL dividends are to be paid, I will take down the EXCH ask around 1130 AM. Then, at Noon, the SELL (and new MINE) dividends are paid. Finally, I put up EXCH at the new price.

Once SELL dividends are paid, SELL is immediately worth that much less, so anyone that leaves up SELL bids is going to be sold into very quickly.

Does that answer your question?
full member
Activity: 149
Merit: 100
twentyseventy how exactly is the payment of B.SELL dividends and the setup of the new price of B.EXCH happening? You already said that you can't lock B.SELL but what about B.EXCH?

Will you close trading on B.EXCH? Or do youe leave up B.EXCH and simply put the lower order up?
newbie
Activity: 14
Merit: 0
Wow that seems cool
legendary
Activity: 1386
Merit: 1000
Period 2, Day 8 Report - February 12, 2014

Balance Post Divs: BTC 279.86479162

Total Units: 1497

NAV/U: BTC 0.18695042


Still here!
sr. member
Activity: 328
Merit: 250
Due to the current ice/snow storm in the Southeast US, there's a chance that I could lose power for a few days, and be unable to perform EXCH / BDD Pair Exchanges and buy-backs. MINE dividends are already scheduled for the next four days, the longest that I can schedule without possibly brushing up against the next Diff adjustment.

Assuming that the cell towers stay up here, I'll do the swaps from my phone for as long as I can. I'm also talking with Havelock to see if I can schedule dividends for EXCH in advance for any shares that haven't been exchanged and are still in the queue. Rest assured that any accrued dividends will be paid out to the shareholders.

Again, all just possibility. Power is still up here and fingers crossed for now-

In the event that twentyseventy is unable to manage the BDD Funds on Havelock for whatever reason, our support staff will handle all Funds activities.

Thank you,

Havelock Investments
legendary
Activity: 1386
Merit: 1000
Due to the current ice/snow storm in the Southeast US, there's a chance that I could lose power for a few days, and be unable to perform EXCH / BDD Pair Exchanges and buy-backs. MINE dividends are already scheduled for the next four days, the longest that I can schedule without possibly brushing up against the next Diff adjustment.

Assuming that the cell towers stay up here, I'll do the swaps from my phone for as long as I can. I'm also talking with Havelock to see if I can schedule dividends for EXCH in advance for any shares that haven't been exchanged and are still in the queue. Rest assured that any accrued dividends will be paid out to the shareholders.

Again, all just possibility. Power is still up here and fingers crossed for now-
legendary
Activity: 1386
Merit: 1000
Period 2, Day 7 Report

Balance Post Divs: BTC 275.89705570

Total Units: 1469

NAV/U: BTC 0.18781283



Two suggestions:

First, you have a report (thank you!) for Period 2 Day 4 on February 8, and also another Perod 2 Day 4 on February 9.  If this is a typo, please edit.

Second, it irks me that my investment in your fund is priced by Havelock with 4 significant digits on the Accounts tab.  On their Browse Funds tab, the much more accurate 8 significant digits are given.  Could you please work with Havelock to increase the number of significant digits in their price reporting to a uniform 8 digits, at least for your 3 funds?  It would save your investors some time and hassle constantly using two pages when one can do the job with minimal marginal cost to Havelock.    I have called them three times over the past 6 weeks with this suggestion myself, and nothing has been done about this issue.  You correctly emphasize the importance of accurately calculating all the per-share data items in your own reporting, and then Havelock introduces error just because they won't improve their own price report accuracy.  Many thanks!

Apologies, the day numbers listed were off for the last 2/3 days - I was copying the post and forgot to change one day, which led to the next two or so being off. I've got it listed out on my spreadsheet now, so this shouldn't be an issue in the future.

I'll raise the suggestion with Havelock, but I do want to stress that I'm just the issuer here. They may not want to change significant underlying code on the site for this fund, but I'm always willing to ask and propose changes or features to them.
newbie
Activity: 56
Merit: 0
@twentyseventy:

Sorry for the OT, but I'm curious: Is the secret pr0nz website you were pimping still paying you? 
newbie
Activity: 10
Merit: 0
Two suggestions:

First, you have a report (thank you!) for Period 2 Day 4 on February 8, and also another Perod 2 Day 4 on February 9.  If this is a typo, please edit.

Second, it irks me that my investment in your fund is priced by Havelock with 4 significant digits on the Accounts tab.  On their Browse Funds tab, the much more accurate 8 significant digits are given.  Could you please work with Havelock to increase the number of significant digits in their price reporting to a uniform 8 digits, at least for your 3 funds?  It would save your investors some time and hassle constantly using two pages when one can do the job with minimal marginal cost to Havelock.    I have called them three times over the past 6 weeks with this suggestion myself, and nothing has been done about this issue.  You correctly emphasize the importance of accurately calculating all the per-share data items in your own reporting, and then Havelock introduces error just because they won't improve their own price report accuracy.  Many thanks!
hero member
Activity: 728
Merit: 500
And if you buy EXCH and get MINE + SELL, it's simply not possible to show any book value, because the process of discovering the true value of the assets is the whole purpose of BDD.

This.

Though it would be possible to give the transfer a value corresponding to the current average between bid and ask, just to give an indication.
full member
Activity: 230
Merit: 100
And if you buy EXCH and get MINE + SELL, it's simply not possible to show any book value, because the process of discovering the true value of the assets is the whole purpose of BDD.
legendary
Activity: 1386
Merit: 1000
There's another feature request for Havelock which I would be interested in - but I understand if it's not possible.

Up until now I'd been using the difference between the total book value and total market value in Havelock's Account Overview to give me a rough guide as to how well or badly I was choosing my investments.

When you buy back B.EXCH and transfer B.MINE and B.SELL, the B.EXCH disappears from my portfolio (obviously) and the B.MINE and B.SELL come in with zero book value making it look - from those simple totals - like I've spent less on investments than I have.

Is there any way that B.MINE and B.SELL could be transferred in with a book value?

Hmm, I see what you're saying. I'll see if they have any ideas - the real issue is that they would have to know the price for which you acquired MINE (for example) - and if you did this, it would have to subtract the price for which you sold SELL from the price which you bought EXCH.
newbie
Activity: 48
Merit: 0
There's another feature request for Havelock which I would be interested in - but I understand if it's not possible.

Up until now I'd been using the difference between the total book value and total market value in Havelock's Account Overview to give me a rough guide as to how well or badly I was choosing my investments.

When you buy back B.EXCH and transfer B.MINE and B.SELL, the B.EXCH disappears from my portfolio (obviously) and the B.MINE and B.SELL come in with zero book value making it look - from those simple totals - like I've spent less on investments than I have.

Is there any way that B.MINE and B.SELL could be transferred in with a book value?
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