F.DERP December 2014 Statement
F.DERP incoming and outgoing
Incoming
Outgoing
Description
Value
Description
Value
Stock sales
27.09258396
--
Total
27.09258396
Total
0
F.DERP assets
Account
01.12.2014
Net change
31.12.2014
Cash
7`475.38390784
27.09258396
7`502.4764918
Tangibles
0
0
0
Intangibles and goodwill
0
0
0
Total assets
7`502.4764918
F.DERP liabilities
Account
01.12.2014
Net change
31.12.2014
Coverage
94.55389229
27.09258396
121.64647625
Shareholder equity
7`380.83001555
0
7`380.83001555
Total liabilities
7`502.4764918
F.DERP has a total of 227`452`389 authorised shares outstanding. The total assets per share implied value is thus 0.00003245 BTC. The cash+tangible assets per share implied value is thus 0.00003245 BTC.
F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC.
Miscellaneous
It is a matter of great consternation to me that in spite of continuing depreciation in the BTC/USD pair, the volume of these shares bought on the open market increases at a glacial pace : barely 20% over last month. If you think about it, the BTC trades today for less than half what it did back when these contracts were created. So : either the BTC value as presented by the "exchanges" carries virtually no weight in the eyes of investors, or else the perspectives of a Bitcoin company scale more or less directly with the exchange rate. Or who knows, other factors. I would be interested to hear other takes on this topic.
In any case, since the present low price levels fail to attract much business if at all, I will increase the asking price across the board by 100%, to more or less reflect the "value" of the original "investment" in these things. Curious what that does more than anything.
« No Such lAbs (S.NSA), November 2014 and December 2014 Joint Statement
X.IDIFF retirement »
Category: F.DERP
Wednesday, 07 January, Year 7 d.Tr.