Quote from: stripykitteh on November 21, 2013, 12:26:43 AM

Quote from: realrover on November 20, 2013, 10:03:09 PM

Hi Deprived,
I saw your calculation regarding delayed MINING divs. What about SELLING divs? Any numbers? Thanks.

There won't be any SELLING divs until CIPHERMINE.B1 is liquid, or there is a large enough volume of PURCHASE sales (the former is more likely, though).

You can probably work out for yourself though what dividend SELLING would be due if CIPHERMINE.B1 could be sold at face value. Though there's no saying what it actually will trade for until there's an exchange (and it might take a while for the exchange to achieve liquidity).

This.

I'm just back from the pub (full of beer) so not necessarily as coherent as I should be. But the value of SELLING depends very much now on what CIPHERMINE.B1 is worth. I can't comment on that more as to do so could jeopardise DMS' position (the conflict of interest I referred to earlier refers, at root, to this - I need to be able to act on behalf of DMS without having a contrary interest from being invested in the new exchange).

Bottom line is that, for dividend purposes, I can only value CIPHERMINE.B1 at whatever the lowest price is that I would have to accept were I to sell all our holdings in it. In theory that's face-value with a 3 month delay - whether that's the case in practice is something I need to resolve over the next few days.