F.DERP June Statement
F.DERP incoming and outgoing
Incoming
Outgoing
Description
Value
Description
Value
Cash BTC deposited
3`249.90000000
--
Stock sales
50.94249743i
--
Total
3`300.84249743
Total
0
F.DERP assets
Account
illo tempore
Net change
30.06.2014
Cash
0
3`300.84249743
3`300.84249743
Tangibles
0
0
0
Intangibles and goodwill
0
0
0
Total assets
3`300.84249743
F.DERP liabilities
Account
illo tempore
Net change
30.06.2014
Coverage
0
50.94249743ii
50.94249743
Shareholder equity
0
3`249.90000000
3`249.90000000
Total liabilities
3`300.84249743
On or about July 10th 2014, F.DERP will issue a total of 100`000`000 shares, each with a nominal value of 32499 satoshi, for a total of 3`249.90000000 BTCiii.
F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC. It is expected to realise operating revenue next period, especially if more VC shitshows hit the news and end up listed by MPEx. In principle the life expectancy of one such ephemeridae is sixteen months, meaning that once we have sixteen of them sold short we could in principle expect revenue on average each month.
———50.67999893 BTC for 207 D.BPAY shares ; 0.26249850 for 5 D.BTGO shares. [↩]For the sake of sanity, until such a time as a D. share is discontinued by MPEx, annulling F.DERP's liability, F.DERP will provision against the vanishingly unlikely prospect of success of the underlying venture a BTC sum equal to the total net revenue from sales thereof. [↩]Originally it was going to commit ten times as much capital, but owing to the appallingly poor demand for the sort of shit it sells I've scaled it back - the reasoning being that a 50 BTC gain on a 30k capital base will still appear unattractive to the average investor, even if F.DERP should do an exceptional job operationaly, scoring 100% success on that line.
The remainder is still available and will be added in should the market for VC smoke improve somehow in the future. [↩]
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Category: F.DERP
Sunday, 06 July, Year 6 d.Tr.