Hi Everyone, we've decided to launch our own S.DICE passthru fund on https://www.havelockinvestments.com/fund.php?symbol=SDICE to allow others to invest in S.DICE without the need to spend 30BTC to setup an account on mpex (and figure out all the GPG complexities)
We have a public offering of 500 units (for 50000 shares) live right now, and will issue more if demand is there.
1 unit of our fund = 100 shares listed on mpex.
We'll pay dividends of 95% of whatever mpex pays us.
Cheers,
James
We have a public offering of 500 units (for 50000 shares) live right now, and will issue more if demand is there.
1 unit of our fund = 100 shares listed on mpex.
We'll pay dividends of 95% of whatever mpex pays us.
Cheers,
James
Any proof of this?
Although December had unusually high earnings of 3.2% (17,206.44888669 /537,375.97) the intriguing part
The most intriguing part is your denominator. Where did you pick up 537,375.97 from?
To be conservative we will assume the public float dividend were doubled and paid out to the anonymous investor holding the other 90%. After all, the anonymous investor owns 9x more than the public float and would not want to jeopardize SD's solvency potentially having to shutter it due to bad luck and has probably not taken any dividends since they probably have plenty of cash from the IPO and could probably fly private wherever they want with this type of monthly cash-flow.
The 90% holder is all but anonymous. How is this an analysis, you're too lazy to get the basic facts straight.
LOL!!!
I just accidentally brought satoshidice shares on Bitfunder at 0.039 instead of 0.0039.
Wow, that's a stupid mistake but luckily I only lost less than a dollar since I brought 2 shares
I just accidentally brought satoshidice shares on Bitfunder at 0.039 instead of 0.0039.
Wow, that's a stupid mistake but luckily I only lost less than a dollar since I brought 2 shares
Are you saying your buy order did not get the lowest offered shares available? Wtf. The operator keeps the difference?
I assume that it averages the two orders (liquidity provider and liquidity consumer), which is both standard and fair. Warning should have been given though, given the amount at stake.
This is perhaps the most insane thing I've ever read on btctalk. And this is saying quite a lot.
Was operator error.
What happened was there was very little on sell side so some bright spark cleaned them out them listed at just over 10 * price. Along comes somes someone unobservant, thinks the spread is small and buys at just over 10 * the price on MPEx. Bid would have been at around 0.0037 and Ask at 0.039. Easy to miss that those 2 prices aren't exactly close to one another.
Very little? There would have to be NO shares being offered at all for that to happen. Not a single share left to buy lower then . 039. Correct me if i am wrong please.
"What happened was there was very little on sell side so some bright spark cleaned them out them listed at just over 10 * price."
Clearer?
That makes sense. Thanks. I guess i am not used to an equity actually having a moment in time where not a single share is for sale and a single person can set a much higher ask price. Possible in bitcoin land tho!