F.DERP January - February 2015 Combined Statement
| 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.
