Smidge.Com Weekly SnapshotQuick Summary:
Another week with lots of capital going out of the system, certainly out of the once highly praised stocks. The
DCX index is down 11.63%, while our NAV is down 18.70%. For reference, the DCX was calculated with a total value of 567,766, which was 30 weeks ago. Today, it is at 331,522 (a loss of over 41%). The cryptocoin stock markets are having to deal with a lot of trust issues in these days, as it seems. The phase is most likely a transition phase, we expect the coins to return mid term as investors regain trust and new concepts are being launched.
No IPO news as of this week, as there is nothing new to announce. We will require more time to build partnerships that make it possible to launch a stable security that is IPO'ed for the long run. We are buying back shares at current NAV any time for anyone who wants out. We encourage you to bear with us as we might have some positive surprises upcoming.
Balance Sheet:
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing (Please note that the format is not final, still tweaking a few things here and there. Columns "E" and "I" are hidden for a clearer view.)
Comments:
- ASICMINER was tankin again this week, with lots of investors cashing out again. We still believe that ASICMINER is maybe the most trustful asset out there, paying out regular dividends and not only profiting from mining only
- CIPHERMINE AND LTC-GLOBAL are suffering from the same symptoms as all other stocks across the board. The LTC securities are one of our elements to make the fund more stable and we are convinced that they will pay out significantly in the long run
- Management fee from this week has been fully reinvested, just like before
Again, I would like to thank everyone for the great support, criticism and questions that we received.
