No Such lAbs (S.NSA), April 2017 Statement

Wednesday, 03 May, Year 9 d.Tr. | Author: Mircea Popescu
S.NSA incoming and outgoing
Incoming Outgoing
Description Value Description Value
New orders 0.1980573 256 GB ECC RAM box 0.38090752
Postage 0.03111867
Total 0.1980573 Total 0.41202619
    S.NSA assets
    Account 01.04.2017 Net change 31.04.2017
    Cash 436.68813107 0.21396889 436.47416218
    Tangibles 8.20505811 6.5730565i 1.63200161
    Intangibles and goodwill 28.16739363ii 0.38090752iii 28.54830115
    Total assets 466.65446494
    S.NSA liabilities
    Account 01.04.2017 Net change 31.04.2017
    Shareholder equity 473.26423889 6.60977395 466.65446494
    Total liabilities 466.65446494

      S.NSA has a total of 4`737`075 authorised shares outstanding. The total assets per share implied value is thus 0.00009851 BTC. The cash+tangible assets per share implied value is thus 0.00009272 BTC.

      S.NSA has Special Stock Warrants outstanding issued as per the IPO agreement, as follows :

      # Fingerprint Shares BTC Par
      1 17215D118B7239507FAFED98B98228A001ABFFC7 3`315`952 331.5952 1
      2 6160E1CAC8A3C52966FD76998A736F0E2FB7B452 1`421`122 142.1122 1
      T 4`737`074 473.7074 1


        As you perhaps are aware, we had some fun with the "area of expertise in mathematical cryptography one expects to find" this month. Nevertheless,

        NSA will continue its work, designing and manufacturing the future of the Republic. In the meantime, remember - if you are running a machine without FUCKGOATS, you are running an incomplete machine.

        1. We conducted a full tangibles inventory for the new year. The resulting true value thereof (1.63200161) is significantly below the accounting value as reflected in these reports (8.20505811). This forces us to then report a significant write-off.

          The explanation for the discrepancy is credible if indistinct : various items, such as prototypes, materials and etc that had been acquired or produced at some expense and then used during the year were either discarded in the natural course of business or else simply worn or otherwise devalued. This then would be the shop decay of tangibles. Certain items with a principally fiat driven value were devalued in Bitcoin by the simple evolution of the exchange rate (Bitcoin actually tripled in the interval). This then would be the back office decay of tangibles. Add to these the compounding of errors over time due to the accounting equivalent of dead reckoning (ie, we're considering deltas month to month, rather than actually do inventory each month) and the pie is served.

          The situation is unfortunate, but as far as a hardware shop is concerned, unavoidable. The parallels with BitBet's misadventures last year about this time should be either amusing or instructive, depending on your seating. []

        2. We reported a 0.5845636 increase in the I&GW line for March, which was simply incorrect (and an obvious munging of the cash flow net movement). This forces us to revalue the starting figure for this month, and is the explanation for the discrepancy with the ending figure for last month.

          The fact that no one bothered to either notice or point out the error -- while we know that these reports are rather amply read -- should perhaps force us to revalue our ideas about the basic numeracy of the general population. These sheets aren't here for to clap at like seals, yo! []

        3. The rationale for this value is that since S.NSA is providing phuctor as a free (and very much talked / untalked about) service to the world, the costs it incurs doing so accrue as a sort of diffuse benefit to it in [what's left of the] the hearts and minds of the general public. "It's karma, Kramer!" if you prefer.

          We're obviously not counting in this figure most of the costs, which apparently are something to the tune of 8 million dollars. How the fiats have fallen! []

        Category: S.NSA
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