WarOfLife (S.WOL), July 2014 Statement

Tuesday, 05 August, Year 6 d.Tr. | Author: Mircea Popescu
S.WOL incoming and outgoing
Incoming Outgoing
Description Value Description Value
GoWi fees 0.74045300 House Bets 0.10566824
Minigameii fees 0.00113250 F.MPIF interest 0.00050963
Total 0.74158550 Total 0.10617787
    S.WOL assets
    Account 1.07.2014 Net change 31.07.2014
    Cash 500.00000000 0.63540763 500.63540763
    Tangibles 0 0 0
    Intangibles and goodwill 0 0 0
    Total assets 500.63540763
    S.WOL liabilities
    Account 1.07.2014 Net change 31.07.2014
    Debentures 200.00000000 0 200.00000000
    Shareholder equity 300.00000000 0.63540763 300.63540763
    Total liabilities 500.63540763

      S.WOL has a total of 10`000`000 authorised shares outstanding. The total book value per share is thus 0.00003006 BTC.

      S.WOL realised 0.63540763 BTC operating revenue this period. The implied P/E is thus 473.13 based on actual revenue, and 39.42 based on annualizediii revenue.

      1. Game of the week. This version of WoL takes about one week to complete (blockchain based) and works as parimutuel (house is not exposed). []
      2. Instant games, played against the house. []
      3. In this case, implemented as baking in 11 imaginary months which all had the same 0.6x earnings figure. []
      Category: S.WOL
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      6 Responses

      1. Peter Lambert`s avatar
        Peter Lambert 
        Tuesday, 5 August 2014

        I think there is something wrong with your P/E. You should be using either total price and total earnings, or price per share and earnings per share. You seem to be reporting price per share and total earnings. The correct number should be something like 20459, not 0.00211.

      2. Peter Lambert`s avatar
        Peter Lambert 
        Tuesday, 5 August 2014

        Meh, math is hard too early in the morning. I just redid my calculation and got a nice P/E of 55.

      3. Mircea Popescu`s avatar
        Mircea Popescu 
        Tuesday, 5 August 2014

        Well I did it backwards, 0.63540763÷300.63540763 instead of 300.63540763÷0.63540763 so I ended up with the E/P not the P/E. Duly fixed thanks.

      4. Peter Lambert`s avatar
        Peter Lambert 
        Wednesday, 6 August 2014

        Wouldn't that then be the B/E? The price in P/E usually being whatever the people on the exchange say it is?

      5. Mircea Popescu`s avatar
        Mircea Popescu 
        Wednesday, 6 August 2014

        No argument, but this is so thinly traded I didn't bother trying to somehow come up with a market price.

      1. [...] of Life just finished its first month, during which it did a decent 80ish Bitcoin worth of total bets. While BitBet's 15k seem like a bridge quite far [...]

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