The massive proposal
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@tomahawkeer said in The massive proposal:
The current dividend for new silver is 0.1 burst per share, but div for 402 would be 0.015 ? thats a pretty significant drop in dividend.
mind the price difference :)
and MINIMUM dividend is 0.015 . It can be waay more than that
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@nameless Re:"A MINIMUM GUARANTEED PAYOUT of 0.015 BURST per share each day" Is there an exact percentage dividend payout of the assets earnings?
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@iKnow0 - 95% of the earnings go out. the other 5% stays in reserve just in case it's needed . that's why i can guarantee minimum payouts .... i'm relying on 8 years worth of statistics. i can't however predict the max. depends on the month really...
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@nameless so just to clarify, 95% of total asset profits are paid as dividend to asset holders and 5% is reinvested back into the asset?
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@iKnow0 you're roughly on spot :)
YES - 95% of the earnings belong to the asset holders
YES - 5% is being reinvested, BUT sometimes also held in reserve just in case BURST makes a jump in price so i always can guarantee that profit. i hope it makes sense
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@nameless just curious as to how long you think it would take aprox for the asset to double in value given your stats?
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@iKnow0 no clue... because of the human factor involved.
Here's the deal, i will ofc slowly start growing the value of the fund through trading, but given the fact that there is a limited amount of shares on the market, people might be willing to pay a premium to buy from others and hold 402 shares. There's also the factor of how much profit is being made each month, and therefore variation in the maximum of dividends. That also triggers human emotional factors...
So, in conclusion, the fund value should double in about 2-4 years, BUT asset price might double a lot sooner if people really start fighting over the shares.
It's funny how rational the village idiot can be sometimes :)
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Vote in favor here ^_^
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Alright, lookin' good !
Well, you kids have the weekend to keep debating. My weekend officially started and i'll be with you all again monday morning (i might pop in in the meantime) .
If all is well till Monday, we might as well start redeeming the shares and make the exchanges, but of course each asset gets its dividends first.
Have a sexy weekend all!
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@nameless have a good weekend yourself =)
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can you buy 402 shares even if you dont own any of the other assets?
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@maxerez Yes of course. That's the asset ID 8947810155983655217.
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@nameless looks good to me... looking forward to the merge!
Welcome back mate ;D
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@gpedro said in The massive proposal:
@nameless looks good to me... looking forward to the merge!
Welcome back mate ;Dalready saving up for a bulk buy!
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me in too!
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Ok, so if everything is combined into 402, you are going to start paying a dividend in it as it currently does not have a dividend? Is this correct?
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@tomahawkeer said in The massive proposal:
Ok, so if everything is combined into 402, you are going to start paying a dividend in it as it currently does not have a dividend? Is this correct?
Yup
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Ok kids, weekend's over, fun's over....
I see we had no objections over the weekend on either of the threads, so i'll take that as a green light.
I need to line up some BURST first to pay out all the remaining dividends for the other assets. I will then post the instructions of how the redemption will work. It's simple, so no worries.
Given how much i have on my plate today, it's very likely that we only start the redemption tomorrow, but i'll post here if that changes. Stay tuned for more.
Oh, and i am on the verge of convincing my girlfriend to do some more fun stuff on behalf of 402. Wish me luck - i'm about to take on the dragon lady!
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@nameless Very nice..keep it up.. :)
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More good news for 402
We have a huge liquidity problem on the AE, which we are all aware of unfortunately. Well, i had a chat this weekend with one of our largest holders and he promised that after the merger is done, he will steadily increase liquidity of 402 each day with his dividends, as well as extra BURST he will pull in from exchanges. Looks like constant buy support in the 19-20 area is to be provided :)
On another note, why the hell do i have 14 followers? Do you people really care so much about my rambling on this forum? I swear...sometimes i don't get how this whole social media thing works




