Topic: [LTC Global] - LTCI - Litecoin investment fund offering micro-investing (Read 5638 times)

Yes I'm still maintaining the fund and will continue to do so.  The discussion on the direction of the fund is held on the main litecoin forum - http://forum.litecoin.net/index.php/topic,676.0.html - I'm planning on doing a share swap scheme with my personal RSM shares once RSM starts to receive it current (1TH/s) of pre-ordered ASIC's.  To add some much needed new capital in the fund.  The dividends from the RSM shares will be used towards buying back all below NAV/U shares.  In the long term once that's completed is to use the dividends the fund receiving to invest in more litecoin based stocks.

Is this fund still active?

Hi Matthew. Shareholder with a question here. Safe to assume the assets listed on your spreadsheet current?

https://docs.google.com/spreadsheet/ccc?key=0Ap02rO_j4NLvdGNla1FmZGJUUVdhSGRnajVvenBCVUE#gid=0

Why no stake in Esecurity? Since they pay the highest dividend/LTC invested, have been regular as clockwork on paying, and redeem USD to pay dividends, it seems like a no-brainer to offset your mining shares.

Great job with the fund.

I consider buying some of LTCI shares but would like to get some info first

- Do you plan paying dividends on monthly basis? Or is it dependent on your assets divs?
- What is your growth plan? Are you going to buy more dividend paying assets, "passive" ones or both?

You might want to revise the thread topic to spell "Litecoin" correctly.

Appearances and all...

LTCI - Litecoin Investments

The goal of this investment fund is to invest in litcoin mining bonds/stocks and
litecoin investment funds. This fund spreads the risks involved in just
investing in one mining company or investment fund.

The plan is to issue 10,000 shares at 1.0LTC each and invest the proceeds in AJM.MINING - (https://www.litecoinglobal.com/security?s=AJM.MINING), LTC-CHARTS - (https://www.litecoinglobal.com/security/LTC-CHARTS), LTC-GOLD - (https://www.litecoinglobal.com/security/LTC-GOLD), LTC-ATF - (https://www.litecoinglobal.com/security/LTC-ATF) - and LTC-GLOBAL
- (https://www.litecoinglobal.com/security?s=LTC-GLOBAL) to start off with.  More
mining stocks/bonds and investment funds will be looked at in future as they
join the market.  After the 10,000 shares have been sold we will look at issuing
more shares to grow the fund.  If more shares were issued after the 10,000 IPO at 1.0LTC each then the ask price for the shares would be at least 10% greater on each issue.  To enable early investors to relaise a quick sale profit on there investment if they so choose.

47.5% of the dividends received will be reinvested into buying more shares(and at times may used to buy back shares in LTCI),
47.5% will be be issued as a dividend and 5% will be paid to the funds operator.  
The fund operator will also receive 1% of all shares issued.  The Fund operator will also receive 5% of the yearly NAV growth in the shares we buy in companies that don't pay a dividend.  Such as LTC-ATF and LTC-SILVER.

If the fund needs to close down all assets will be sold and used to buy back all
shares in LTCI.

Accounts Spreadsheet - https://docs.google.com/spreadsheet/ccc?key=0Ap02rO_j4NLvdGNla1FmZGJUUVdhSGRnajVvenBCVUE

https://www.litecoinglobal.com/security/LTCI

I should think you've learned something from the GLBSE fiascos

It seems, though, that investors haven't learned as much.

No argument on most points.  LTC-Global does not yet have a very diverse set of assets to invest in.  Our current verification system is non-existent.  I leave it up to the investors to do their homework and I would HIGHLY ENCOURAGE them to NOT INVEST in an asset issuer that does not provide enough detail to establish a level of trust.

I will however argue that I am not Nefario.  I've been doing business successfully in a very customer-oriented industry (website hosting) for over 15 years.  You can expect that as long as I am operating LTC-GLOBAL, things will be as open and fair as possible.

Cheers.

Hey burnside,

I just want you to know that I trust you.