Note : this statement also covers the month of March 2019.
|S.NSA incoming and outgoing|
|Intangibles and goodwill||30.26784266||0.0||30.26784266|
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 :
The "more disciplined manner" promised back in February yet failed to materialize -- for this long (ie, 4 month) quarter we have to show FFA ch 19 (published on June 1st), three chunks of the 18th chapter (published on March 29th, April 15th and May 31st), and Ch 17 (published on March 17th). Empirically and retrospectively the item appears to have settled on a more-or-less bi-monthly schedule, especially if you don't think May is a real month, but of course this did not happen either sanely or through anyone's deliberate anything. It just happened, like pregnancies do in the wild, we're all a bunch of retarded cavemen sitting around and waiting, who knows, maybe something comes out ? Maybe not ?
I don't see any way out of the conundrum. By the book I should simply fire Stan and hire someone else to do the work ; but the whole company is predicated on it doing Stan's work "whatever it may be", so what the hell sense does that make ? I suppose the true lesson here is that one shouldn't structure companies in this wayii ; and in time close this one down.
Fundamentally, the problem with intelligent people is that their flaws are unfixable -- were they fixable they'd have fixed them by now, and since they didn't fix them before they're not gonna start at any later point, and certainly not because they like you or something.
It'd therefore seem that practically speaking the outside limit of Bitcoin venture capialismiii would be, on one hand, technology firms that never keep any kind of schedule, bumbling from this to that as accidentally as you like, and certainly defying the point of even calling the effort anything in particular ; and on the other hand infrastructural firms that will not get themselves a customer acquisition process for love or money, however threatened or incentivized, just will not do it -- and that's about it.
The thing is eminently not going anywhere, as it currently finds itself. It's in a rut, and there it stays, the "give it a little see maybe it unwedges" had not only plenty of time but rather all the time we can possibly give it before we're all dead. There's evidently something we must do here, I just have no idea what -- a problem drastically compounded by the sad fact that the rut is at least stable. One certainly can't go broke with 0 account movement, it's definitionally impossible (but then again, distinguishing a company that went broke from one with no movement is rather difficult a task) ; whereas most fiat concerns are rendered improfitable precisely by the chasing of movement on the part of top management.
To sum up : the "eternal life" properly kept books seem to promise is an illusion. Yes Bitcoin is forever, and yes correctly managed Bitcoin companies can't possibly ever go bankrupt. But this does not mean anything about eternity, because ships are still just boards, and men are still just men, and we gotta blow our loads before we're dead, after's too late.
Wut do ?———
- I understand this no-movement seems improbable, but it's actually the case, what can I say. [↩]
- But hey, at least now we know why not, which is some kind of benefit, I guess. [↩]
- We're not talking here of the whole gamut of scams, from "unintentional" works of the moronically enthusiastic to the "intentional" works of the thieves-met-morons. Those can just stay on tardstalk where they belong, they're no part of Bitcoin like, apparently, almost nothing is.
Certainly the attempt to bolt business to the coin is not doing all that splendidly so far. [↩]