F.DERP January - February 2015 Combined Statement

Saturday, 07 March, Year 7 d.Tr. | Author: Mircea Popescu
F.DERP incoming and outgoing
Incoming Outgoing
Description Value Description Value
Stock sales 9.03138586 --
Total 9.03138586 Total 0
    F.DERP assets
    Account 01.01.2015 Net change 28.02.2015
    Cash 7`502.4764918 9.03138586 7`511.50787766
    Tangibles 0 0 0
    Intangibles and goodwill 0 0 0
    Total assets 7`511.50787766
    F.DERP liabilities
    Account 01.01.2015 Net change 28.02.2015
    Coverage 121.64647625 27.09258396 130.67786211
    Shareholder equity 7`380.83001555 0 7`380.83001555
    Total liabilities 7`511.50787766

      F.DERP has a total of 227`452`389 authorised shares outstanding. The total assets per share implied value is thus 0.00003245 BTC. The cash+tangible assets per share implied value is thus 0.00003245 BTC.

      F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC.


      Meanwhile D.CBSE issued a massively dilutive C series, which is of course horrible news for previous holders, but otherwise nothing unexpected.

      I had hoped to be able to publish some juicy details about its missing B series (you recall, Coinbase loudly raised 31.7 million USD at an 79 mn valuation, then silence, and now raised a further 75mn through a C round at a 470 mn valuation claimed for EOY). Good stuff as to "who put up the extra 400mn, when exactly, and just how dilutively for (unprivileged) A series participants. Apparently all this will have to wait.

      Category: F.DERP
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      1. [...] the way : Josh raised 40mn for some nutty "reinventing health insurance" thingee. Almost as much as coinbase! And almost from the same people! [↩]Those kids despise him, like they don't despise their [...]

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