Topic: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM - page 2. (Read 2231 times)

110%?

So I could buy a laod of your shares - getting the recent trading price to what I paid.  Then sell them back to you for 110% of what I bought them for?  We could just simplify it and you send me 10% of some arbitrary amount and save all the hassle ...

Sorry, you're right, calls, but I agree it's pretty implausible.

You offer buybacks at 110% of the recent trading price? Can I request a buyback from you or would it be that I have to trade it on the market?

I could have bought puts on BTC if I wanted to lose my money.

But I did not

Surely he'd need to buy calls, not puts - and the premium on those would exceed his supposed profits anyway.

As this investment states it is held in US dollar denominations within US stock markets.  So returns are going to be based in dollars.  Now with the quick rise in btc value as of late it does create a situation that will product smaller returns with the aspect of btc percentage of return, as it will do the exact opposite and create greater returns when btc decline.  In our activity report that we have posted you can see the average cost of btc when shares were purchased from us.  Our thought would be that the investor will set the price on what they are willing to invest for the return that we are providing.  I believe you have made a good point that with this rise in value of the btc  that we need to offer unsold shares at a more comparable price to where they have been selling in relation to the value in US dollars, since that is how that money is held in investment. 

We do offer buyback on shares for 110% of recent trading price as listed in the asset page.

He could be buying put options of BTC, but I have a feeling there's nothing but hot air behind this.

What doesn't make sense with your fund (and ONE of the reasons I was - and am - sure that it's either a scam or a disaster) is that you sell BTC-denominated shares/units, invest in USD-denominated assets but your share/unit price doesn't alter when the BTC/USD exchange-rate changes.

If your fund sells units at 1 BTC each, converts that to USD and then buys shares, then BTC doubles vs USD.  Guess what?  Your units are each now only backed by 0.5 BTC of assets and should be priced accordingly.  But nowhere have you been reporting such changes, let alone reflecting them in your selling price.

Which makes you either utterly incompetent or a scammer.  I'm open-minded on which - if you have a preference or would like to argue the case for one or the other.

Your old .pdf, when you launched the fund had a list of monthly results going back a year or two (percentage profit per month) - yet totally failed to say in what currency this supposed growth was measured.  If you're asking people to invest BTC then you need to show BTC results - it's entirely profit (indeed, likely) to make a profit in USD but a loss in BTC.  Paying out dividends whilst losing NAV/U at a faster rate is NOT making a profit (no matter what most mining companies think).

Are you seriously going to set the price of a unit at 1 BTC - when the assets held are valued in USD?  You should either float the price based on most recent valuation OR define the price in USD, update it (in BTC) as exchange-rate moved and dividend our any extra profit from growth of the held assets (or retain part of the profit from options if the underlieing asset value changes) to keep the price fixed.  You CAN'T set a fixed price in BTC without ending up doing some mix of diluting existing units when new ones are bought OR over-charging new purchasers so they immediately take a loss (in terms of asset value compared to investment) when they buy in).

Oh - and what is your policy on buying back units?  A fund should provide liquidity by buying back units at somewhere near selling price - otherwise it isn't a fund, it's a black hole which sucks in BTC.

Actually a week ago that became correct.

he's a pokeyat40

But i am not a viking or "Pirate"

You're not doing this right - you need to pick a nickname that has some nefarious connection in them. I'd suggest vikingat40.

We also offer bitcoin investment opportunities.  Shares of these can be purchased via the sites of Bitfunder under the symbol of Exchange.ESIF  and Cryptostocks under the symbol of ESIF

These two funds are the same investment fund just providing more liquidity than trading on just one site.  Shares can be transferred from one site to the other at anytime by contacting us directly to do so.  

These funds leverage the value of bitcoins by converting them to US dollars and purchasing stock to hold in long positions and writing covered calls on them every month.  

We have also started a second investment fund currently which is for us to move locations and start some new ideas.  This is more of a commercial property loan and will be paid interest and paid off in a length of time.  It currently trades on Cryptostocks under the symbol ESBM

For more information about us you can visit an about us page.  

http://www.exchange-spot.com/exchangespotbio.pdf

Investment Activity Report.
https://www.dropbox.com/s/qrb2i8dktt1pt82/ESIF.pdf

It's monitored by our support team, so if you have an issue, question, comment, feel free to post your order details here and someone should respond within a few hours during normal business hours (a little longer on weekends and outside of business hours)

Thanks for all your continued business and support!