F.MPIF, April 2014 Statement

Thursday, 01 May, Year 6 d.Tr. | Author: Mircea Popescu
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.

      ———
      1. 100k ATC at 100 satoshi per ; 393`319 ATC at 200 satoshi per. []
      2. 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. []
      3. 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. []
      Category: F.MPIF
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      13 Responses

      1. You missed the link to the BTC/ATC statement: http://www.thedrinkingrecord.com/2014/04/30/april-2014-btcatc-statement/

      2. Mircea Popescu`s avatar
        2
        Mircea Popescu 
        Thursday, 1 May 2014

        Ah ty. You planning on making separate posts in the future ?

      3. I'll probably keep making the statements as seperate posts simply because the ventures are so disconnected outside of having my singular manager self.

      4. Mircea Popescu`s avatar
        4
        Mircea Popescu 
        Thursday, 1 May 2014

        Aite.

      5. dooglus`s avatar
        5
        dooglus 
        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.

      6. Mircea Popescu`s avatar
        6
        Mircea Popescu 
        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.

      7. 100k ATC at 100 satoshi per + 393`319 ATC at 200 satoshi per = 88663800 satoshi aka 0.886638 BTC, not 0.2966595 BTC correct?

      8. Mircea Popescu`s avatar
        8
        Mircea Popescu 
        Thursday, 29 May 2014

        Yes this is correct. Next report will reflect it.

      9. I've settled on a single post with two GPG signed text blocks. Less spammy in the RSS.

      10. Mircea Popescu`s avatar
        10
        Mircea Popescu 
        Monday, 2 June 2014

        Prolly easier to review yeah.

      1. [...] Mircea Popescu Aite. [...]

      2. [...] Equity adjustment [...]

      3. [...] "the wunderbar F.MPIF". Started in April 2014 with great enthusiasm and universal excitement at a book value of 0.00021315 BTC per share, it dissolves two years later at a 0.6% profit for the [...]

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