The tone of some of these posts is certainly off putting, and some of the participants are obviously immature, but that doesn't mean there aren't real questions to be answered. I'm sure most CEO's don't especially like being called out on the carpet during their annual meetings either, but when you are an adult, and you handle other people's money, you have to expect it, and handle it professionally.
There is an incredible lack of transparency and communication in these BTC ventures, and while we all knew that going in, it certainly doesn't mean we shouldn't press for more disclosure. And of course some investors don't understand how the businesses is run; they have invested their money to purchase the benefit of someone else's expertise.
Your attitude seems to be that people who've invested should have no right to ask questions, because, well darn, just look at that return. I don't know when you bought your shares, but there are obviously many who haven't seen 20% this year. But that's beside the point anyway, as there is no inverse relationship between profit and disclosure.
Bottom line: if you communicate plans and challenges in a timely, professional manner, you have far less confusion and discord. That should be as self evident as the absurdity of appointing someone with the disposition of Triumph the insult dog to speak on behalf of the company.
There is an incredible lack of transparency and communication in these BTC ventures, and while we all knew that going in, it certainly doesn't mean we shouldn't press for more disclosure. And of course some investors don't understand how the businesses is run; they have invested their money to purchase the benefit of someone else's expertise.
Your attitude seems to be that people who've invested should have no right to ask questions, because, well darn, just look at that return. I don't know when you bought your shares, but there are obviously many who haven't seen 20% this year. But that's beside the point anyway, as there is no inverse relationship between profit and disclosure.
Bottom line: if you communicate plans and challenges in a timely, professional manner, you have far less confusion and discord. That should be as self evident as the absurdity of appointing someone with the disposition of Triumph the insult dog to speak on behalf of the company.
Though I agree that there are questions yet to be answered, I wholly disagree with the approaches taken to ask them..so I suppose we're on the same page there. I can read post after post of troll threads and simply ignore them, regardless of whether or not valid questions are posed.
That said, I also encourage questions (threads on my business ventures are a testament to that). I suppose before was more of a reaction to troll threads where it seemed people where vexed by the company's "mismanagement" and their dwindling returns. I dunno..I babble from time to time.
As for my holdings, I've been buying and selling since January and haven't had a loss yet. Sold when I thought it was overvalued, bought again when it dropped. Dumped everything I owned when Erik sold some of his shares since I figured dilution would take over in the long run, not to mention the BTC price was skyrocketing (or at least starting to). For the most part people are pretty finicky about bad news (especially here in BTC-land)..so paying attention to Dooglus's daily SD stat postings has helped with the buy low / sell high pattern. As it is right now, I'm not holding anything (missed a buy opportunity last week)..but I'll certainly buy again when the time strikes.
TL;DR - I agree..more communication would be nice. Stock prices go up and down all the time for any number of reasons, that's not what concerns me. I'm more interested in the direction the business is going and any underlying objectives to get there. With that info, I'm more inclined to allocate funds to long term holdings instead of my previous strategy.
Also, Korbman, as an investor, I would suggest you withhold opinions like these, particularly when you run another investment fund... when you say that 20% annual ROI is abnormally high and above expectations, that doesn't give me much hope for KCIM.
My opinions are what they are: opinions
To be honest, I actually laughed out loud after reading this sentence. It's quite apparent you have no idea what KCIM is or what my Notes entail..and that's another topic for another thread, let's stick to SDice. On that note, where did I say that 20% was abnormally high? I just double checked my previous posts, but I can't seem to find it..
If Erik didn't want to be transparent about his company, he shouldn't have opened an IPO.
Transparency is an option, not a requirement. Those of us who detail how our companies run are doing it more as a courtesy than anything else. Yes, there are consequences should we neglect transparency..that's not what I'm arguing.
Besides, as fcmatt just noted above, SDice's books are open to all. I'd say that's quite transparent.