Post
Topic
Board Securities
Re: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread
by
zevtiefenbach
on 13/05/2014, 17:03:27 UTC
Just to do a bit of math. . .

 

Funds
124 BTC (100 BTC held by Havelock)


124 BTC (total holdings/value of company - decreasing monthly . . .) x 20 % (% of total equity belonging to shareholders) = 24.8 BTC (total equity of shareholders)

24.8 BTC (total shareholder equity) / 62164 (total shares outstanding) = 0.000398944726852 (equity value per share)

present trading value is at about 0.0013. so, in spite of being worth only about 26% of IPO pricing,  there's still a long way for this thing to drop before it starts getting close to its cash value (and the cash value appears to be dropping by about 20 BTC per month).

can havelock or mintspare let us know at what rate and under what conditions they will disperse the remaining funds in escrow? will they continue to bankrollgalfry until there's simply nothing left?