Post
Topic
Board Securities
Re: [Havelock] Bitcoin Difficulty Derivative (BDD)
by
twentyseventy
on 25/11/2016, 19:09:29 UTC
@twentyseventy

     Just wanted to let you know that there hasn't been any units up for sale for the last few days, I'm sure you just forgot. One other thing. I thought the new units and the NAV used to be much closer in price. Like a dividend or two's worth difference. Am I missing something or am I just wrong. Thanks again.

Hi AllInBit,
You're always on top of it! I apologize that I have not been; it's a combination of a new job with long hours and having been locked out of my 2FA for the past few days (new phone). Regardless, I apologize for the downtime. I'm not able to do my updates from work now, so that's an extra complication that didn't use to exist.

New units will always be NAV/U + 3%; they don't necessarily have anything to do with the dividend size.

Havelock still needs to do some internal transfers so that I can keep paying dividends; I've got a few days until I hit that limit. That could cause a delay for a few days, but I'll keep you updated (essentially new units are 'deposited' into EXCH and they have to transfer it manually to MINE for me to pay dividends).