SANDSTORM: - A Collective Investment Vehicle for BTC. - - page 13.

xaviarlol

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Quote from: Deprived on June 01, 2013, 11:01:44 AM

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 10:56:52 AM

Which is exactly what I did. Throughout the early stages I held up to 30% of the fund.

It's what I did as well - paid listing fee myself and have never held less than 40% of the fund (currently hold a bit over half of the main fund and over a third of the 250 BTC-worth of bonds issued).

This is what I'm doing also - except I own 100% of the fund!

https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c&usp=sharing

xaviarlol

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Quote from: wormbog on June 01, 2013, 07:17:39 AM

"weekly dividends of at least 1% of the capital gathered from public offerings"

Dividends drawn from the capital of later investors? That sounds really familiar. Isn't there a name for this kind of scheme?

I loled.

TECHICENINE

newbie

Activity: 28

Merit: 0

Quote from: jmutch on June 25, 2013, 04:52:27 PM

Quote from: Ac3Upz on June 25, 2013, 02:06:20 PM

Hello Joshua,
thanks for previous answers.
I just want to ask about this: "Weekly profits exceeding 1% of the capital from public offerings will be divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism."
How is the weekly profit above 1% divided between "carry over fund" and dividends? Is there a formula?

There is no formula at this stage. I believe one is needed. It'll be something 1% of capital raised to divs then 30%to divs 60% to carryover. At this stage I'm just trying to divid it for the best interest of Sandstorm.

I have provisionally been accepted onto Havelock and therefor I'm going to suspend selling direct shares until Sandstorm is on there. I might be unreachable during this week.

what where are you going i wanted to buy up the float!..lol

jmutch

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Activity: 196

Merit: 100

Quote from: Ac3Upz on June 25, 2013, 02:06:20 PM

Hello Joshua,
thanks for previous answers.
I just want to ask about this: "Weekly profits exceeding 1% of the capital from public offerings will be divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism."
How is the weekly profit above 1% divided between "carry over fund" and dividends? Is there a formula?

There is no formula at this stage. I believe one is needed. It'll be something 1% of capital raised to divs then 30%to divs 60% to carryover. At this stage I'm just trying to divid it for the best interest of Sandstorm.

I have provisionally been accepted onto Havelock and therefor I'm going to suspend selling direct shares until Sandstorm is on there. I might be unreachable during this week.

TECHICENINE

newbie

Activity: 28

Merit: 0

2)My internet is pretty reliable here in Melbourne. Never had an outage before. I would just cruise down to Uni if I did. They have some insane connection which I think is a part of the internet infrastructure of Melbourne

so they'll let you fire up your portable mining rig there= that's whats up..thanks

Ac3Upz

newbie

Activity: 24

Merit: 0

Hello Joshua,
thanks for previous answers.
I just want to ask about this: "Weekly profits exceeding 1% of the capital from public offerings will be divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism."
How is the weekly profit above 1% divided between "carry over fund" and dividends? Is there a formula?

TECHICENINE

newbie

Activity: 28

Merit: 0

Quote from: jmutch on June 22, 2013, 08:49:21 PM

Quote from: TECHICENINE on June 22, 2013, 08:36:24 PM

The conditions are that you need to show 3 months operation before a listing can be considered.

https://btct.co/faq

where does it say that?..thanks

https://btct.co/create
Go down to: Asset Issuer Terms of Service.

oh i see you are just starting off then?...so Burnie is the one person in charge of making these decisions? whats his phone number?..thanks

jmutch

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Quote from: TECHICENINE on June 22, 2013, 08:36:24 PM

The conditions are that you need to show 3 months operation before a listing can be considered.

https://btct.co/faq

where does it say that?..thanks

https://btct.co/create
Go down to: Asset Issuer Terms of Service.

TECHICENINE

newbie

Activity: 28

Merit: 0

The conditions are that you need to show 3 months operation before a listing can be considered.

https://btct.co/faq

where does it say that?..thanks

jmutch

full member

Activity: 196

Merit: 100

Quote from: BitHub on June 22, 2013, 08:29:08 PM

thanks for the divs josh, interesting week you forgot to tell me about basic mining Tongue

i missed out on that myself (hard to keep on top of everything, but things with asicminer worked out on my end.

It was public knowledge that early feb avalons were getting sent out last week. What would be the point of investing in Sandstorm if I told you everything! Tongue

Yep staying long AM was a good choice over the last 2 weeks.

jmutch

full member

Activity: 196

Merit: 100

Quote from: TECHICENINE on June 22, 2013, 08:26:48 PM

Quote from: jmutch on June 22, 2013, 08:13:51 PM

At the moment I'm selling IPO shares manually. So PM me if you are interested.

I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.

i don't follow were you on the virtual exchange before,,,i see samdstorm "locked" on btct..thanks

Quote from: burnside on June 12, 2013, 03:18:39 AM

Quote from: Peter Lambert on June 11, 2013, 02:11:06 PM

Quote from: Factory on June 11, 2013, 02:00:59 PM

Quote from: Peter Lambert on June 11, 2013, 01:00:52 PM

Wait, are we considering that OP an actual contract? If it is supposed to be a security contract, the issuer should gpg sign it so we can know if it gets modified.

You can view the actual contract submitted on btco.co. The language in the contract is slightly different than the OP, but much of it is still poorly defined and vague.

Why is it in "locked" instead of "awaiting approval"?

Nothing nefarious. We asked him to operate it for 3 months, producing spreadsheets, etc, before we would allow it to be put to a vote by the mods.

Cheers.

No, I applied for btct.co but Burnside has indicated that the listing rules are steadfast in my case. The conditions are that you need to show 3 months operation before a listing can be considered.

Sandstorm has been running about a month. cheers.

BitHub

sr. member

Activity: 253

Merit: 250

thanks for the divs josh, interesting week you forgot to tell me about basic mining Tongue

i missed out on that myself (hard to keep on top of everything, but things with asicminer worked out on my end.

TECHICENINE

newbie

Activity: 28

Merit: 0

Quote from: jmutch on June 22, 2013, 08:13:51 PM

At the moment I'm selling IPO shares manually. So PM me if you are interested.

I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.

i don't follow were you on the virtual exchange before,,,i see samdstorm "locked" on btct..thanks

jmutch

full member

Activity: 196

Merit: 100

At the moment I'm selling IPO shares manually. So PM me if you are interested.

I believe Sandstorm will get onto one of the exchanges eventually, hopefully soon. At that point direct shares will be transferred onto the exchange. Cheers.

ArcticWolf

full member

Activity: 196

Merit: 100

How does one go about investing in Sandstorm?

jmutch

full member

Activity: 196

Merit: 100

Hey Ac3Upz,

Some good questions:

1) I've been going to The University of Melbourne for 4.5 years, currently completing a Masters of Economics. I've been trading shares on the ASX and other global markets since I was 16(8 years). Before going to University, I had quite a large portfolio which I have now largely divested to pay my way through University. Now I just hold a few blue chips as a long term investment. This experience has given me some good tools for analysing markets and assets.

2)My internet is pretty reliable here in Melbourne. Never had an outage before. I would just cruise down to Uni if I did. They have some insane connection which I think is a part of the internet infrastructure of Melbourne.

3) On average I'd say around 1-2hours.

4) I've written instructions which a good friend of mine can initiate if I die. I've had this ever since I started dealing with large amounts of BTC. I've just updated it to include paying out investors. It's on an encrypted USB stick to which only my brother knows the password. I have full trust in both parties.

Hope this answers some questions.

Ac3Upz

newbie

Activity: 24

Merit: 0

Hello Joshua,
it seems to me that you are doing everything you can to build a reputation. Good work so far!
I have a few questions:

1) What exactly does this (quote from the OP) mean?

Quote

Joshua Mutch has a comprehensive background in economics and the Australian Stock Exchange.

What is your experience in economics? How big is your own portfolio at the ASE? Please elaborate.

2) How reliable is your internet connection, do you have a backup alternative? (I'm asking because it happened to me - my ISP had outage at the time when I wanted to trade).

3) How much time do you spend trading/learning about bitcoin assets per day?

4) Do you have a deathswitch? Please elaborate.

Full disclosure: I hold a few shares in SANDSTORM.

jmutch

full member

Activity: 196

Merit: 100

Weekly Report.
It was a relatively quiet week for Sandstorm. It simply involved waiting for the optimal time to sell assets. Unfortunately I chose the wrong moment for both bASIC and ASICminer-PT shares. This means that profits were not what they could have been in retrospect. Due to the higher than expected increase in the price of bASIC, net profits were still good.

These moments are hard to make judgement on as any trader can appreciate. However, I feel that I did shareholders justice by knowing to invest in bASIC in the first place. It was obvious that a price rise was imminent when buying last week.

Unexpected good news from friedcat messed up plans to trade on the post dividend drop. I sold PT shares on thursday for 2.87 and decided to buy in again at 2.95 creating a loss for the PT shares.

So, overall a mixed week with good net profits which could have been much better.

Profits
2.8BTC selling bASIC shares
-.6BTC trading ASICminer-PT shares

.181BTC ASICminer dividends
.008BTC bASIC dividends

Total =2.389BTC (1.389BTC to dividends+1BTC to carryover)

Dividends
1.389/61420 = 0.000022614783458 per share (2.25% of market share value)

Last weeks assets

Quote from: jmutch on June 13, 2013, 08:26:09 PM

Assets:
10 ASICminer shares @ 2.5
7 ASICminer-pt shares @2.48
10 bASIC shares @.69
4 BTC

Assets
10 ASICminer direct shares (@2.5)
7 ASICminer-PT shares (@2.48 effective)
1 ASICminer-PT share (2.95)
16.45 BTC

more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=0

jmutch

full member

Activity: 196

Merit: 100

Thank you bASIC. It's going to be another excellent week.

jmutch

full member

Activity: 196

Merit: 100

I don't really like to disclose much outside the weekly reports.

But, it's been a quiet week. Mainly holding assets carried over from Friday. Probably do a trade before and after AM divs go out.

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