Topic: [LTC-GLOBAL] EMIF.LTC-TRADING /*First Dividend Out */ (Read 1852 times)

Hi All,

I could finally managed to calculate first week's dividend. I got net profit 629.5 LTC from 29 closed orders. There are 18 open orders waiting to be closed. ( I didnt count the vircurex orders since they are ignorable at the moment). I will be giving brief evaluation of the week.

Dividend for this week:
629.5*0,8=503,6 LTC

Growth Fund:
629.5*0,1=62.95 LTC

Management fee:
629.5*0,1=62.95 LTC

Regards...

At the moment , you can buy shares from the market that bids are higher than the IPO price.

Well , I will release more shares in the future. But , amount of shares and releasing time will depend on:

1) Market volume
2) New trading opportunities

When there is a new release of shares , I will announce the release time and amount of shares. I plan to give some priority to my current shareholders when it happens.
I will use most probably presale system for a portion of shares.

But, if you want to buy new shares nowadays ,then you can only buy from the market.

Regards...

Does this mean we cannot continue buying shares ?

Hi ,

IPO has just finished .

44,474 shares were sold.
5,526 shares were not sold and withdrawn from sale.
There are 22 shareholders including me.
First dividend will be at next Sunday.

Thanks everyone who bought shares of LTC-TRADING.

Regards...

Done Thanks mate 

You can buy 159 shares just by putting buy orders at price 0.501 at the Fund page https://www.litecoinglobal.com/security?s=EMIF.LTC-TRADING

Ah nuts ok so do i offer what price i want each share i donk know

How many shares can i get for 80 LTC thanks

Hi burnside,

Actually , i liked the presale system . In the future , I can use this system again.



Hi Liquid00,

Its not good , because you have bought some shares at a price 1 LTC.  If you want to get some cheaper shares you shouldnt put higher orders than the normal prices.

---------------------------------------------------------


Thanks for high demand to shares. There are nearly 6800 shares at the moment. More than 85 % of the total shares were sold. Fund has ~21,600 LTC.

Now , let's talk some business

Yesterday -after dinner- , I transferred 12,000 LTC(minus 0.1 LTC) to fund's newly created BTC-E account. Since the LTC/BTC market has been stucked to very narrow band , I have placed orders in small amounts. I have also placed orders on LTC/USD exchange.

Now , I have 2 closed orders with small amount net profits and 4 open orders need to be closed.

I have also deposited 2,500 LTC to fund's newly created vircurex account , will start trading once depositing is fully finished.

I have added emifunds.blogspot.com for more detailed information about my funds. I will be adding some information soon


Thanks again for your huge support

Regards

EMIF

so is that a good thing im sorry noob here

Thanks for that.  It'll be included in the next LTC-Global dividend!

Hi ,

After presale , I have just released 300 shares to see which orders are executed. Well, higher orders were executed first. However there was only 1 share order at price 1 LTC. Your order should have be executed during presale by smart presale shareholder(s).

Did you plug in an order at 1 LTC/share?

I got 19 Shares for 1 LTC each is that right or was it 0.5 each

Hi all,

Presale has just finished. Total 3,700 shares sold during presale.
Thanks all bought from presale.

Now , IPO have just started. 46,300 more shares released. I set IPO price 0.501 since I could not think the Issuer transaction fee(just could not figured it ut before IPO).

IPO will continue to 21:00 this Sunday Night (GMT +3). After then all unsold shares will be withdrawn. I will start trading when the fund reaches 5,000 LTC( At least , I will transfer the LTC to the trading account will be created newly in BTC-E)

By the way , 3.7 LTC sent to ltcglobal (presale transaction fee)

Regards...

EMIF 

Got my shares, thanks a bunch!

@burnside: No problem , you are the boss

By the way, PRESALE has just started

First shares have been sent to shareholders

Regards...

I know you said PM, but I don't mind doing it public.

I sent 250.5 LTC from my 'burnside' account.  Thanks!

ok i got some is it stock ...

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There was a type error , about the share price and fixed it now.

Well , I think there is some confusion so I try to be more clear.

Actually , I will use some presale system that would work like the following:

1) I will reserve 10,000 shares for presale system.
2) Everyone who wants presale shares will send to LTC equals to the shares he wants ( Presale price: 0.501)
3) Maximum limit for one person will be 500 shares during presale
4) If 10,000 shares exhaust fast , I will release a little bit share for presale
5) If there is no too much to request for presale , I will finish presale and release remaining shares until end of Saturday Night.

Here is an example :

1) If you want to get some presale , lets say 500(you can request less , 500 is the maximum for presale) shares ,
2) Then you will transfer 500*0.501 = 250.5 LTC to my Issuer account at LTC-GLOBAL
3) I will send 500 shares exchane of LTC I get
4) If you want to buy more , you will wait the end of presale . I guess it will not take too long.
5) After presale , all remaining shares ( Normally , I would release at most 50,000 shares during IPO according to demand)
6) At Saturday Night , ( I live GMT +3 timezone atm) if there is unsold shares , I will withdrawn all remaining and close the IPPO

Note 1: I will start trading as capital reaches 5,000 LTC

Note 2: Presale will start at today 21:00 (GMT +3 ) and continue to Friday 17:00 (GMT +3 )

Note 3: If you want to participate presale , just send me a pm regarding your LTC-GLOBAL name and amount of shares that you want to buy , whenever presale starts you can send me LTC to get shares. I will send your shares once I notice payment. People who do not have a member of this forum , or bitcoin forum please do register , since LTC-GLOBAL permits multiple accounts with same IP . I cannot understand you are different person or not.

If you any suggestions or objections please inform me.

Regards...

EMIF

Thank you all for your interest...

There are already some bids on fund's shares. However , Im not sure whether there is some huge buy orders from only 1-2 person or much more people. I do not want that someone getting 50 %of shares having 0.5 LTC and selling people 1 LTC after a short period. Purpose of my fund(s) is attract all people want to invest in LTC. To do that I intentionally release shares at a low price. And I have already got a message from one of my -possible- shareholders about the possibility of it. I have talked with burnside . So , I have some proposals for overcoming this

1) Raising IPO price a little bit so , standing orders for 0.5 LTC will be invalid only higher orders may be fulfilled. (Thanks burnside)
2) Presale option. Same price limiting 500 shares/person with same price+(transaction fee) so presale price will be 0.501/share
As you know , internal share or LTC transactions are free and when I said this option to burnside he said OK. But respecting for him and for supporting LTC-GLOBAL ,
I will take transation fee and give it burnside after IPO, If second option is applied.

Waiting for your feedbacks...

EMIF

Edit: share price was edited to 0.501 from 0.0501