Topic: SANDSTORM: - A Collective Investment Vehicle for BTC. - - page 14. (Read 35774 times)
any Trades so far? Something shares bought? Sold?
Yep no worries. I'll include it more specifically in the in the weekly report.
ahh sweet, yeah i missed that, plz give div updates 
They started receiving two Fridays ago. This is the wallet you gave me. Hope this helps.
https://blockchain.info/address/1CFzfqdJjn3bjkZTtQdZU9ZCBWjSh2AFPu
https://blockchain.info/address/1CFzfqdJjn3bjkZTtQdZU9ZCBWjSh2AFPu
Hi when do investors start receiving divs?
60% of IPO sold
Weekly Report
It was going to be a very good week, but some news over the last 24 hours has turned it into an exceptional week for Sandstorm. It should be noted that this type of profit should far from be expected each week. Also, don’t expect a report this long each week. It’s been a busy week.
It was decided that 15BTC should be risked on exploiting the “Sunday drop”. This exposed the fund to medium risk but was rewarded. BTC/USD trading will only take place when I am extremely confident in the trades and will only be a smaller percentage of the entire fund.
Some AM-PT shares were sold after the dividends and 10 “real shares” were bought for 25BTC. Due to the demand in AM shares and the current finalisation in Jutaruls auction I’ve decided to keep sandstorm long in AM shares carrying over to next week(s). This purchase can be confirmed with canaryinthemine(escrow), kyoo or friedcat.
Investment in bASIC also looks to pay off with recent good news.
IPO status: 10420 shares have been sold to the public and I currently own 40000. 50 % reached!
Profits
1.5BTC- my dividends from last week I said I’d carryover
Trading
1.8 Btc USD/BTC trading during the Sunday drop
.75 selling 2500 AMC shares
.3 selling AM-PT shares
Dividends
.03 AMC dividends
.471 BTC AM-PT dividends
.0056 bASIC dividends
Total 4.86BTC= 2BTC to dividends+2.86BTC to carryover fund
Assets:
10 ASICminer shares @ 2.5
7 ASICminer-pt shares @2.48
10 bASIC shares @.69
4 BTC
It was going to be a very good week, but some news over the last 24 hours has turned it into an exceptional week for Sandstorm. It should be noted that this type of profit should far from be expected each week. Also, don’t expect a report this long each week. It’s been a busy week.
It was decided that 15BTC should be risked on exploiting the “Sunday drop”. This exposed the fund to medium risk but was rewarded. BTC/USD trading will only take place when I am extremely confident in the trades and will only be a smaller percentage of the entire fund.
Some AM-PT shares were sold after the dividends and 10 “real shares” were bought for 25BTC. Due to the demand in AM shares and the current finalisation in Jutaruls auction I’ve decided to keep sandstorm long in AM shares carrying over to next week(s). This purchase can be confirmed with canaryinthemine(escrow), kyoo or friedcat.
Investment in bASIC also looks to pay off with recent good news.
IPO status: 10420 shares have been sold to the public and I currently own 40000. 50 % reached!
Profits
1.5BTC- my dividends from last week I said I’d carryover
Trading
1.8 Btc USD/BTC trading during the Sunday drop
.75 selling 2500 AMC shares
.3 selling AM-PT shares
Dividends
.03 AMC dividends
.471 BTC AM-PT dividends
.0056 bASIC dividends
Total 4.86BTC= 2BTC to dividends+2.86BTC to carryover fund
Assets:
10 ASICminer shares @ 2.5
7 ASICminer-pt shares @2.48
10 bASIC shares @.69
4 BTC
ohh carefull in 18 days it will expire ;-)
Cheers, thanks for the reminder have to get onto that
ohh carefull in 18 days it will expire ;-)
Is your name by any chance Ian Bakewell?
nar sorry,
https://docs.google.com/file/d/0BxkfI_u94nYyZlRaQmFKelVWUE0/edit?usp=sharing
Is your name by any chance Ian Bakewell?
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.
I can assure you these shareholders will share the profits whatever they may be. I'm definitely not running with anyones money or creating an unsustainable investment structure ie ponzi HYIF.
Just so you know, this is almost directly quoted in lists of "What to watch for in a scam". Just sayin.
Haha noted. I guess it's pointless saying stuff like that.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I can assure you these shareholders will share the profits whatever they may be. I'm definitely not running with anyones money or creating an unsustainable investment structure ie ponzi HYIF.
Just so you know, this is almost directly quoted in lists of "What to watch for in a scam". Just sayin.
To those saying 1% a week is untenable, I have been getting at least that much on my (admittedly small) portion of my portfolio in bitcoin investments. But I have had a few negative weeks, saying you never have negative weeks sounds a bit fishy. (My USD investment portfolio has been averaging about 1% a year, stupid stock market economy grumble grumble grumble mpfh ...)
I agree. I don't understand why people are labelling this a HYIF. An average of 1% a week is not high by any means in the BTC world. Anyone that understands the different markets can easily achieve this.
I mean you can make .5% a week by simply putting your funds in a loan. You can make .3 to 1.5% percent a week by simply putting your funds in AM shares and leaving them there.
Even without compounding, this is something like 52% a year. That sounds like a High Yield Investment Fund (HYIF) to me.
I can't argue with your logic, but I believe it's very achievable. This investment fund definitely isn't for everyone, but 10420 public shares have been sold to various people so at least a few people have faith in me.
I can assure you these shareholders will share the profits whatever they may be. I'm definitely not running with anyones money or creating an unsustainable investment structure ie ponzi HYIF.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
To those saying 1% a week is untenable, I have been getting at least that much on my (admittedly small) portion of my portfolio in bitcoin investments. But I have had a few negative weeks, saying you never have negative weeks sounds a bit fishy. (My USD investment portfolio has been averaging about 1% a year, stupid stock market economy grumble grumble grumble mpfh ...)
I agree. I don't understand why people are labelling this a HYIF. An average of 1% a week is not high by any means in the BTC world. Anyone that understands the different markets can easily achieve this.
I mean you can make .5% a week by simply putting your funds in a loan. You can make .3 to 1.5% percent a week by simply putting your funds in AM shares and leaving them there.
Even without compounding, this is something like 52% a year. That sounds like a High Yield Investment Fund (HYIF) to me.
To those saying 1% a week is untenable, I have been getting at least that much on my (admittedly small) portion of my portfolio in bitcoin investments. But I have had a few negative weeks, saying you never have negative weeks sounds a bit fishy. (My USD investment portfolio has been averaging about 1% a year, stupid stock market economy grumble grumble grumble mpfh ...)
I agree. I don't understand why people are labelling this a HYIF. An average of 1% a week is not high by any means in the BTC world. Anyone that understands the different markets can easily achieve this.
I mean you can make .5% a week by simply putting your funds in a loan. You can make .3 to 1.5% percent a week by simply putting your funds in AM shares and leaving them there.
Release weekly dividends of at least 1% of the capital gathered from public offerings. This is a minimum expectation.
There is literally no reason to return raised capital back to shareholders in this manner- unless you want to make it appear as though the fund has some form of positive cash flow. This is the same strategy that all HYIPs abide by.
-Dividends only come from profit through the trading and investment activities. I don't know why you would think i would do this. I'd take dividends out of my own pocket before taking them out of the fund.
I am just repeating what you said. "Releasing dividends of at least 1% of the capital gathered from public offerings." You stated you are going to raise money and then you are going to release 1% of it back to shareholders each week. The language you used that I quoted makes no mention of profit, only raised capital from issuing shares.
Thanks for picking this up. It is worded poorly, but as peter said, It's just the target for dividends. I thought this would be obvious to people. I'll have a look at different wording stating the same thing but without ambiguity.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
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"?
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.
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