Deprived, I really do not understand, why we should only get 99% of NAV/U? It's ok if people want to continue, but the ones who do not should be given the chance to get a fair deal.

The contract is quite explicit in terms of what will happen in unforseen circumstances.

Cease making new investments,
Liquidate investments where possible,
Cease selling new DMS.PURCHASE
Offer redemption at 100% (less any exchange fees) of NAV/U for DMS.PURCHASE and bundles of equal numbers of DMS.MINING and DMS.SELLING where it is possible to do so whilst retaining at least 50 days dividend cover in liquid BTC for the remaining DMS.MINING.


Either way, the fund is closing down. It may reopen on a different exchange, with very similar contract (but not quite the same), it may offer the redemption of Mining and Selling for Mining and Selling on the new exchange. That is all fine with me. You have proceeded with the first three steps, I believe you should with the last one as well. (I have read everything up until now and agree that we wait for the CL coins.)



Disclaimer: I own slightly above 6% of Mining and Selling. I bought the overpriced Mining only after the BTCT announcement of its closure, exactly because of this part of the contract.)