Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
sunnankar
on 14/06/2013, 03:04:15 UTC
Let me step back a bit here.

My last few posts were unprofessional. I apologize for the tone.

...

I'll continue with the last plan I mentioned. My dividends for June will be retained by the site for the betting pool. S.Dice holders will receive dividends as normal. I'm sorry for the drama today, I can see it was largely because of me and how I approached the issue and responded to you guys.

I think one of the root causes here is a failure to properly and professionally apply double-entry bookkeeping and standard accounting principles.

I think spending $500-750 per month to have your attorney hire a CPA (that way the CPA's work is protected by attorney client privilege) to do the books for SD would be a great benefit to yourself and for the shareholders. Plus, the Google Doc can be formatted and presented in a much more professional manner. And you should be outsourcing this rather menial work, which you seem to be fairly incompetent at, anyway just like you outsource the programming work, etc.

A second issue would be to raise the BTC pool as it should be large and growing and on the balance sheet anyway. It will be a little tricky to do this and properly apply double-entry bookkeeping principles to be in compliance with the MPEx IPO contract terms but I think it should be possible.