F.DERP July - August 2014 Combined Statement

Saturday, 06 September, Year 6 d.Tr. | Author: Mircea Popescu
F.DERP incoming and outgoing
Incoming Outgoing
Description Value Description Value
Cash BTC deposited 4`130.93001555 --
Stock sales 0i --
Total 4`130.93001555 Total 0
    F.DERP assets
    Account 01.07.2014 Net change 31.08.2014
    Cash 3`300.84249743 4`130.93001555 7`431.77251298
    Tangibles 0 0 0
    Intangibles and goodwill 0 0 0
    Total assets 7`431.77251298
    F.DERP liabilities
    Account 01.07.2014 Net change 31.08.2014
    Coverage 50.94249743 0 50.94249743
    Shareholder equity 3`249.90000000 4130.93001555 7`380.83001555
    Total liabilities 7`431.77251298

      F.DERP issued a further 12`710`945 shares, each with a nominal value of 32499 satoshi, for a total of 4`130.93001555 BTC, bringing the total shares outstanding to 22`710`945.

      F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC. It is faintly expected to realise operating revenue next period, on the vague hope that who knows, maybe the alleged investors in these things actually exist, and maybe even operate within some sort of a rational, market-driven environment. Perhaps.

      ———
      1. Apparently the appetite for these things narrowly matches the appetite for Ethereum, Doge and similar crap. [↩]
      Category: F.DERP
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      1. 1
        F.DERP September 2014 Statement on Trilema - A blog by Mircea Popescu. (via Pingback)
        Tuesday, 7 January 2020

        [...] the July-August statement says F.DERP issued a further 12`710`945 shares, each with a nominal value of 32499 satoshi, for a [...]

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