Now that Deprived is back, I propose that we vote to shut this operation down, somehow. This security is not viable without an exchange, and everyone would gain.
DMS.MINING shareholders would benefit greatly. According to the terms for a shutdown, DMS.MINING shares would get 365 times the daily dividend, which is currently about 0.00000066 BTC -- for a total of 0.0002 BTC. Thats is much more than they could get by continuing to receive daily dividends.
The DMS.MINING payout plus the unpaid dividends are certainly much less than the last price of a DMS.MINING share, so DMS.SELLING shareholders would get a decent return.
It's good outcome for everyone.
He'd need to render all missing dividends before doing such, which would likely wipe out most reserves, no? I haven't bothered backtracking it all.
There's an estimate of outstanding dividends on page 87 of this thread. I don't know if it's accurate, but it adds up to ~380 BTC worth of dividends, where the NAV after the last dividend payment was ~414 BTC. So almost all funds are due to be distributed as dividends. Obviously, with two thirds of the BTC locked up in Ciphermine bonds, these payments can't be done fully. Not entirely sure what the process here is, but I assume that MINING holders can get paid, while SELLING holders have to wait for the Ciphermine bonds to be liquidated.
After the current outstanding dividends are paid, shutting down the operation is an option, but not one that is in the best interest of SELLING holders (unless they assume that MINING will earn more than 365 times the current daily dividend), so I doubt they'd vote in favour.
I don't see that there's any differemce between MINING or SELLING holders, either they both gets preliminary payed based only on the amount thats in deprived's possetion if you gonna see the CIPHERMIN.B1 as an uncertain holding and the rest is settled when/if it becomes avaliable or both MINING and SELLING gets payed based on the whole sum including whats invested in the bond up to the point it's not possible as it would dig into the part thats still in the bond.