The massive proposal
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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
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@nameless said in The massive proposal:
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!
The creepy old man in me raises his eyebrows and smiles at the thought.
The respectable and thoughtful person in me hopes this merger goes smoothly and without issues. :)
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You got to love these idiot brokers. ''instant withdrawals'' my ass ... still waiting for my BTC to buy BURST and handle those damn dividends already so we can have this wagon moving along.
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The FAD redemtion has begun. If you own shares in FAD, please see this thread : http://forums.burst-team.us:4567/topic/3652/redemption-of-nameles-s-assets
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As long as I make more Burst, I'm good with this. I trust you. Just let me know how and when.
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Any projections as far as time frames as to when everything will be moved over? Just wondering because there are still outstanding THStake shares out there, and I had buyback on it set back in December, and people haven't sold them. You have multiple assets to get transferred I cant imagine how long that will take.
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Any updates on this ?
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@tomahawkeer you should tag @nameless ;D
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@tomahawkeer , we're well into the process. Little over half way there in fact.
https://forums.burst-team.us/topic/3652/redemption-of-nameles-s-assets/55
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Hi @nameless, I have re-read you first post on this thread and I have a question ^_^
As far as I know 402 was conceived to be a retirement fund, long term perspective asset. Now with the merge of the other assets of yours you will be making periodic payouts. My questions is how your plan is conceived regarding the percents you will keep locked (as in any retirement fund) and the part you will use for payouts? I just got curious about that. Thanks
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The long term retirement prospectus of the asset hasn't changed. It just got a different form. Here's how:
Now that the majority of the earnings are getting paid out in dividends ( 90-95%) , the excess capital is a lot less than it used to be. The idea is how i use the funds we have.
A large portion of our backing and funds will be kept in the ADSactly vault : https://ibb.co/i67ctv (we hold a tangible percentage of that vault) . On top of that, i am making preparations on some more partnerships i can't mention right now until i can do it officially.
There are also a couple projects in the works that will bring a ton of extra income into our security fund.
So i hope what i said made sense : we now pay dividends, keep a portion to grow the forex accounts , have massive backing and stake in other ventures and have more on the way.
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@nameless thanks for the details. I like this kind of diversification strategy. Good luck with everything!
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In case people weren't convinced enough of how big of a monster i'm creating here, have a look at this :
http://forums.burst-team.us:4567/topic/3934/goliaths-colide
After the redemptions are done and everything is finalized, well... i just did the math and 402 should pay out about 60 million burst in dividends this year alone.
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@nameless said in The massive proposal:
In case people weren't convinced enough of how big of a monster i'm creating here, have a look at this :
http://forums.burst-team.us:4567/topic/3934/goliaths-colide
After the redemptions are done and everything is finalized, well... i just did the math and 402 should pay out about 60 million burst in dividends this year alone.
Holy Molly!
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So, how are the dividends going to be calculated?
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@tomahawkeer , according to dividend/share x no of outstanding shares
BUT, there is the variable of how much bonus i can give on top of the guaranteed minimum ... so the 60 mil this next year is a rough estimate given past year's average returns
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I guess that is the question, is how is the bonus determined? Guess I should have been more specific.
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@tomahawkeer , it's quite simple really. The bonus is 90% of what i make on top of the guaranteed minimum.
Let me give an example :
Say the guaranteed minimum is 1 million burst per month .... but my actual profits were 2 million. That means that i will give out an extra 900k burst to the investors, and 100k stays in the fund to grow :)
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Yeah damn, too much information to process atm, I need to go back and look at how much is actually in this thing now. I know its a lot.
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@tomahawkeer said in The massive proposal:
Yeah damn, too much information to process atm, I need to go back and look at how much is actually in this thing now. I know its a lot.
Think about it this way : i will pay out roughly 180k burst each day (yeah..i know...it's a lot)
now take that 180k and multiply with say 300 days left of this year and it adds up to 54 milion burst :) .... and that's just the minimum, without bonuses


