Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
VolanicEruptor
on 14/12/2013, 21:55:48 UTC
Not with the stock price in btc.  Conversions are another game.   Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

He keeps it in USD. We also have miners which make BTC. Any USD taken in a sale should be kept in USD and used for operating expenses that are paid in USD which are probably most of our expenses. If he wants to pay shareholders he just sends out the BTC equivalent on that day to the dividend address. Theres no need to make conversions if our sales are good.

profit from usd sales are supposed to be converted to BTC and then paid to shareholders as dividends.  Profit is after expenses have been paid.