F.DERP January - February 2015 Combined Statement
F.DERP incoming and outgoing
Incoming
Outgoing
Description
Value
Description
Value
Stock sales
9.03138586
--
Total
9.03138586
Total
0
F.DERP assets
Account
01.01.2015
Net change
28.02.2015
Cash
7`502.4764918
9.03138586
7`511.50787766
Tangibles
0
0
0
Intangibles and goodwill
0
0
0
Total assets
7`511.50787766
F.DERP liabilities
Account
01.01.2015
Net change
28.02.2015
Coverage
121.64647625
27.09258396
130.67786211
Shareholder equity
7`380.83001555
0
7`380.83001555
Total liabilities
7`511.50787766
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
Meanwhile D.CBSE issued a massively dilutive C series, which is of course horrible news for previous holders, but otherwise nothing unexpected.
I had hoped to be able to publish some juicy details about its missing B series (you recall, Coinbase loudly raised 31.7 million USD at an 79 mn valuation, then silence, and now raised a further 75mn through a C round at a 470 mn valuation claimed for EOY). Good stuff as to "who put up the extra 400mn, when exactly, and just how dilutively for (unprivileged) A series participants. Apparently all this will have to wait.
« MPIF (F.MPIF) February 2015 Statement
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Category: F.DERP
Saturday, 07 March, Year 7 d.Tr.