However, given DMS's large stake in CIPHERMINE.B1 and given that you've now reappeared, Deprived, I am willing to process those dividends manually. This offer is
not extended to any other bondholders, sorry (there are too many). Also, if you'd actually been around and answering emails sooner D I'd have offered this to you directly sooner as well, but your email account appeared to be a black hole so I didn't bother.
Deprived, it is good to have you back, but frankly I'm astonished that someone of your caliber would cast such aspersions without checking the facts!
Further, CIPHERMINE.B1 and CIPHERMINE dividends are quite separate. We are making a profit under CIPHERMINE since that is based on what we mine, not what our outstanding liabilities are on our balance sheet! The only P&L cost associated with the bonds are the interest payments, which have been deducted from mining profits and, as mentioned above, have been safely sequestered away until such a time as we can pay them out.
Kate.
PS. For your convenience I've uploaded a PDF of the BTC-TC "contract" page for CIPHERMINE.B1,
here. Unfortunately I did not forsee the possibility of the exchange failing/closing combined with this bloody minimum transaction limit getting in the way. In the circumstances we're doing the best we can (ie. building a new exchange so that your securities will be liquid again!). The entirety of the funds were spent on mining hardware, as planned.
Kate what is the base price EUR/BTC(at the time of the issue of CIPHERMINE.B1) that is used for calculating the dividend,.
If i understand things correctly the dividend per share should have been 3800 satoushi per share each week if the price at the time of the dividend would be exactly the same as at the time of the bond was issued. If for example the EUR/BTC price is at 5 times higher at a time to issue dividend it would then be 760 satouchi per share instead, still the only share holders that would not be able to get there dividend every week would be those having less than 8 shares or something, everyone else should be able to get there dividend every week without any problems, isen't that the case ?
Where is the list of dividend that should have been payed per share for the weekly dividends that haven't been payed out after the last payment that was on 24/11/2013(the date that you mentioned in your other post), it should be 15 weekly dividend if i got it right so unless the avg btcprice has been over 10-11 times what it was when the bond issued, everyone even those with only 1 bond should have got dividend during this period at least once, minimum transaction limit shouldn't effect that and everyone with more than 1 share should have got dividends more often.