F.DERP June Statement

Sunday, 06 July, Year 6 d.Tr. | Author: Mircea Popescu
F.DERP incoming and outgoing
Incoming Outgoing
Description Value Description Value
Cash BTC deposited 3`249.90000000 --
Stock sales 50.94249743i --
Total 3`300.84249743 Total 0
    F.DERP assets
    Account illo tempore Net change 30.06.2014
    Cash 0 3`300.84249743 3`300.84249743
    Tangibles 0 0 0
    Intangibles and goodwill 0 0 0
    Total assets 3`300.84249743
    F.DERP liabilities
    Account illo tempore Net change 30.06.2014
    Coverage 0 50.94249743ii 50.94249743
    Shareholder equity 0 3`249.90000000 3`249.90000000
    Total liabilities 3`300.84249743

      On or about July 10th 2014, F.DERP will issue a total of 100`000`000 shares, each with a nominal value of 32499 satoshi, for a total of 3`249.90000000 BTCiii.

      F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC. It is expected to realise operating revenue next period, especially if more VC shitshows hit the news and end up listed by MPEx. In principle the life expectancy of one such ephemeridae is sixteen months, meaning that once we have sixteen of them sold short we could in principle expect revenue on average each month.

      1. 50.67999893 BTC for 207 D.BPAY shares ; 0.26249850 for 5 D.BTGO shares. []
      2. For the sake of sanity, until such a time as a D. share is discontinued by MPEx, annulling F.DERP's liability, F.DERP will provision against the vanishingly unlikely prospect of success of the underlying venture a BTC sum equal to the total net revenue from sales thereof. []
      3. Originally it was going to commit ten times as much capital, but owing to the appallingly poor demand for the sort of shit it sells I've scaled it back - the reasoning being that a 50 BTC gain on a 30k capital base will still appear unattractive to the average investor, even if F.DERP should do an exceptional job operationaly, scoring 100% success on that line.

        The remainder is still available and will be added in should the market for VC smoke improve somehow in the future. []

      Category: F.DERP
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      One Response

      1. [...] managed to create the ambiguity mess of all time with the shares in this thing. Specifically, the June statement says On or about July 10th 2014, F.DERP will issue a total of 100`000`000 shares, each with a [...]

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