Quote from: EskimoBob on June 26, 2013, 06:20:14 AM

Quote from: usagi on June 25, 2013, 10:39:31 AM

[...snip list of 200+ shares bought back over 0.055/share -- 20%+ over NAV...]

This is a snippet from my personal trading account. This is me buying back over 30% of issued shares at a price above book value. And there is a reason why I am doing it.

...

Hmm... you as a TU.SILVER using funds coin or you as a usagi, spending your own personal coin?

As I said -- personal trading account. I said "me" and that there is a reason why "I" am doing it. What precisely is the source of your confusion?

Keep in mind:

1. I do not have any power or control over what price other people place their bids and asks at.
2. I cannot force people to sell shares to me at NAV nor buy them at a price they feel it isn't worth paying.
however,
3. I can create market pressure.

Please ask yourself, there are more than 20 people holding more than 1,000 shares of TU.SILVER. Why don't anyone of them place an ask under 0.09?

All I can do is create pressure. I can pay out close to what we make from trading, which allows investors to set the value of TU.SILVER based on the income it generates. For example, investors can compare the payment of TU.SILVER to something like BTC-BOND. For example (just for example) if BTC-BOND is worth 0.01 per share and pays approx. 11% a year in interest, then what would TU.SILVER be worth if it paid 10x as much per day as BTC-BOND?

In theory, a payment of 10x per day what BTC-BOND would insinuate that all other things being equal, TU.SILVER would be worth 10x what BTC-BOND is worth. Creating pressure like that is all I can do. Unfortunately you and others have shown it is not possible to simply say "TU.SILVER is worth 0.05 per share" because then I get people posting fake spreadsheets telling people I scammed 8,000 BTC. It's not worth the trouble, sorry bro.

What would be wiser than paying out these distributions is for TU.SILVER to reinvest some of it's spare cash in the mining sector or in more silver, and really explode in value for it's shareholders. But it's our policy to let our holders decide what they want to do with the money. It is not company policy to run an investment fund, so we don't bother trying. Running an investment fund is a pain in the neck (trust me I know). I rather enjoy letting TU.SILVER alone and just making payments day by day.