S.MG, November 2013 Statement

Sunday, 01 December, Year 5 d.Tr. | Author: Mircea Popescu
S.MG incoming and outgoing
Incoming Outgoing
Description Value Description Value
-- --
Total 0 Total 0
    S.MG assets
    Account 01.11.2013 Net change 31.11.2013
    Cash 8`744.89091807 0 8`744.89091807
    Tangibles 21.1353358 2.6419171 18.4934187
    Intangibles and goodwill 33.03949302 2.6419171 35.68141012
    Total assets 8`799.06574689
    S.MG liabilities
    Account 01.10.2013 Net change 31.10.2013
    Shareholder equity 8`799.06574790 0.00000101i 8`799.06574689
    Total liabilities 8`799.06574689

      S.MG has a total of 88`096`605 authorised shares outstanding. The total assets per share implied value is thus 0.00009988 BTC. The cash+tangible assets per share implied value is thus 0.00009947 BTC.

      S.MG realised no operating revenue this period, and is not expected to realise operating revenue next period. The P/E implied value per share is thus 0 BTC.

      S.MG has Special Stock Warrants outstanding, as follows :

      # Fingerprint Shares BTC Par
      1 6160E1CAC8A3C52966FD76998A736F0E2FB7B452 88`096`605 8`809.6605 1
      2 AE3A51FA6C038A5B4D3FE80FBD7C5558DD9EFA14 10`850`000 1`302.0 1.2
      3 5015BD3D0AE659C8B8632F31CF2950F23C844002 192`307 25 1.3
      T 99138912 10`136.6605 1.0224

        Provisional statement, will be considered accepted within 24 hours. Make any observations or corrections below.

        It is perhaps worth noting for the benefit of all the other amateur entrepreneurs involved in BTC that while the pressure to conserve capital is a major driver in all ventures, and doubly so in the case of start-ups, it is at least triply so in the case of BTC corporations. Mind that the judicious choice on the part of management to forego major asset purchasesii has pretty much ensured that MiniGame outperforms virtually all other non MPEx-listed assets over its half year lifespan. This point could not be overstated enough.

        It is also incumbent upon artists, starving or otherwise, to grasp this point, and understand that a BTC company will never go chasing you. You have to chase it, on your hands and knees, for nobody particularly wishes to part with Bitcoin. More generally, this resettling of the market balance in favour of capital and in disfavour of labour brought on by Bitcoin is certainly very welcome and absolutely necessary. It's also not going away, and it will impose unfathomably deep and far reaching changes in human society.

        ———
        1. I have exactly no idea why this discrepancy exists. I suspect accumulated rounding errors, anyone keeping score at home is cordially invited to pinpoint the source of the problem. []
        2. Such as 3d models and other art we desperately need. []
        Category: S.MG
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