F.MPIF, April 2014 Statement
| F.MPIF incoming and outgoing | ||||
|---|---|---|---|---|
| Incoming | Outgoing | |||
| Description | Value | Description | Value | |
| Cash BTC deposited | 211.00000000 | Profit Center 1, BTC | 11.00000000 | |
| Cash ATC deposited | 0.29665950i | Profit Center 1, ATC | 0.29665950 | |
| Profit Center 2 | 50.00000000 | |||
| Profit Center 3 | 50.00000000 | |||
| Profit Center 4 | 50.00000000 | |||
| Profit Center 5 | 50.00000000 | |||
| Total | 211.29665950 | Total | 211.29665950 | |
| F.MPIF assets | |||
|---|---|---|---|
| Account | illo tempore | Net change | 30.04.2014 |
| Cash | 211.29665950 | 56.140988488 | 155.15567101ii |
| Tangibles | 0 | 58.00000000iii | 58.00000000 |
| Intangibles and goodwill | 0 | 0 | 0 |
| Total assets | 213.15567101 | ||
| F.MPIF liabilities | |||
| Account | illo tempore | Net change | 30.04.2014 |
| Shareholder equity | 211.29665950 | 1.85901151 | 213.15567101 |
| Total liabilities | 213.15567101 | ||
F.MPIF will be issuing 1`000`000 shares as authorised by MPEx listing agreement. The total assets per share implied value is thus 0.00021315 BTC. The cash+tangible assets per share implied value is thus 0.00021315 BTC.
Miscellanea :
F.MPIF will be encumbered in all following reporting periods by salaries of the Profit Center Managers. PC1 and PC4 are remunerated as 10% of net gain each period, with no participation to loss, payable after one full year (so at end of April 2015 exercise). These expenses will be provisioned each month. PC3 charges 10% of high mark profit, this expense will be provisioned each month a new high mark is reached. PC2 charges 20% of high mark profit, this expense will be provisioned each month a new high mark is reached.
You can review independent reports alongside manager comments as follows : PC1 ; PC4.
PC4 manager has inadvertently overstepped the agreed upon strategy by taking a few bets at lower weight. She will not be fired this time.
———- 100k ATC at 100 satoshi per ; 393`319 ATC at 200 satoshi per. [↩]
- 10 + 2.65501867 BTC + 14035.87588299 ATC * 0.00000200 ATC/BTC in PC1 ; 50.39072182 BTC in PC3 ; 42.08185877 BTC in PC4 ; 50 BTC in PC5. [↩]
- 50 BTC held by Panacea for PC2 as well as 8 BTC in bets already made by PC 4 are not cash as per the AN0 definitions. [↩]
Thursday, 1 May 2014
You missed the link to the BTC/ATC statement: http://www.thedrinkingrecord.com/2014/04/30/april-2014-btcatc-statement/
Thursday, 1 May 2014
Ah ty. You planning on making separate posts in the future ?
Thursday, 1 May 2014
I'll probably keep making the statements as seperate posts simply because the ventures are so disconnected outside of having my singular manager self.
Thursday, 1 May 2014
Aite.
Monday, 5 May 2014
> PC3 charges 10% of high mark profit, this expense will be provisioned each month a new high mark is reached
Is it worth pointing out that this 10% is charged weekly by PC3? It is possible to have no new high mark at the end of the month yet still have paid fees.
Monday, 5 May 2014
I think it's worth pointing out in the sense truth always is, but I don't think it'll change anything as far as F.MPIF accounting and reporting is concerned.
Monday, 5 May 2014
100k ATC at 100 satoshi per + 393`319 ATC at 200 satoshi per = 88663800 satoshi aka 0.886638 BTC, not 0.2966595 BTC correct?
Thursday, 29 May 2014
Yes this is correct. Next report will reflect it.
Sunday, 1 June 2014
I've settled on a single post with two GPG signed text blocks. Less spammy in the RSS.
Monday, 2 June 2014
Prolly easier to review yeah.