Author Topic: [Litecoininvest] Credit Providing Investor Fund (CPIF)  (Read 15810 times)

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #30 on: December 15, 2014, 10:12:15 AM »
CPIF as at the end of 2014/12/14:

Market Cap: 209.66LTC
FUM: 219.81LTC
Interest accrued: 1.6775LTC

Offline turbooster

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #31 on: January 28, 2015, 02:55:04 PM »
No updates for over a month? What's up cpif_admin?

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #32 on: January 28, 2015, 04:05:50 PM »
Hi!

Unfortunately, it doesn't seem like the weekly updates were missed much. CPIF is thinking of switching to monthly updates or would you still prefer the weekly updates?

Developments:
CPIF now has a loan agreement with a trusted investor, this has helped the amount of interest accrued throughout the month.
CPIF will remove the big amount of shares it still lists on Litecoininvest so that free trading can begin, starting on the 1st of next month.

Here is an update as of 27 Jan 2015:

Accrued Interest:
5.268 LTC
FUM:
379.35 LTC
Market Cap:
156 LTC

Calculated at the following rates:
2 LTC/USD
255 BTC/USD






Offline turbooster

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #33 on: January 28, 2015, 05:56:14 PM »
It is important as a ping of sorts.
How do you calculate the market cap?
Code: [Select]
Highest bid * outstanding shares ?

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #34 on: January 28, 2015, 07:45:02 PM »
I guess it also speaks to investor confidence, getting updates more regularly helps with that. That said, CPIF is willing and able to provide updates upon request.

The market cap CPIF states is as reported by Litecoininvest. It looks like the formula they are using is:
Code: [Select]
average price paid per share * outstanding shares

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #35 on: February 01, 2015, 06:29:16 AM »
Dividend payment for January:

Mkt Cap: 99.37 LTC
FUM: 424.21 LTC
Dividend paid: 6.03 LTC

CPIF will also be removing the bulk of its shares on the listing and only keep a small amount on the order book. This is to help start free trading on this security.

Offline turbooster

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #36 on: February 01, 2015, 04:30:42 PM »
I guess it also speaks to investor confidence, getting updates more regularly helps with that. That said, CPIF is willing and able to provide updates upon request.

The market cap CPIF states is as reported by Litecoininvest. It looks like the formula they are using is:
Code: [Select]
average price paid per share * outstanding shares
The Mkt. Cap << FUM . The Mkt. Cap is easy to manipulate because of low volume => it's easy to push up price to FUM level (~120$ right now) and freely set the Mkt. Cap (buy all asks, set ask yourself very high, buy own ask for just the fee and raise FUM at the same time). Because of that the buyback value will probably always be calculated by FUM*shares barring mistakes by buy-backers. This also allows you, cpif_admin, to freely set the buyback value as low as you want, you can simply dump the orderbook down to ~0 and set a buyback value of 0.
So this Mkt. Cap is pretty much a a bullshit value to use. Considering the uncertainty around Sketis because of the absence of Etherea this is not likely going to change for the better any time soon. Note that the above formula doesn't seem to be exact. Right now the Mkt. Cap is below
Code: [Select]
avg. price * shares outstanding.
And cpif_admin are the bids around 0.233 yours?

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #37 on: February 01, 2015, 05:55:39 PM »
Hi,

Just a note, by FUM (funds under management) CPIF means all funds under management, which is currently sitting at ~740USD, not ~120USD.

In summary, your primary concern is regarding the buyback value of shares (correct me if I am are wrong), and with that the Mkt. Cap CPIF reports since it directly influences the current buyback formulae as per the contract agreement with CPIF. CPIF is open to other suggestions of buyback value calculations, bearing in mind that each share is currently backed by ~740USD / 1249 (outstanding shares) = ~0.6USD or ~0.335LTC, no more and no less. For simplicity, CPIF is willing to simplify the buyback value to this calculation, if that is what the shareholders want.

Regarding price manipulation, CPIF is open to suggestions of showing that it is not performing any such actions. Nonetheless, trust is what a lot of it comes back to and which is probably why the Mkt. Cap << FUM.

And cpif_admin are the bids around 0.233 yours?
Currently, there are two entities at play, CipherInvestments and CPIF, of which both have the same physical person administrating them. CPIF is the management company, as in it holds the funds and generates a return using the funds. CipherInvestments is (by far) the largest shareholder in CPIF, and the 1 bid at 0.233LTC was put there by CipherInvestments. As a side note, as soon as a dividend payment is done, CipherInvestments reinvests its dividend into CPIF up to the point where it can't afford a whole share anymore, and then it places a bid for a single share as high as it can.

If you have any other questions, please don't hesitate to ask :)

« Last Edit: February 01, 2015, 06:39:22 PM by cpif_admin »

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #38 on: February 01, 2015, 06:30:25 PM »
It is unfortunate that Litecoininvest seems to have gone quiet. Please note that CPIF is doing investor backups every 2 hours, complete with number of shares, email address and withdrawal address. Should Litecoininvest fail completely, CPIF will put it to its shareholders to determine how to proceed (e.g. relisting somewhere else, share buybacks, etc.).

Offline turbooster

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #39 on: February 01, 2015, 07:05:40 PM »
Just a note, by FUM (funds under management) CPIF means all funds under management, which is currently sitting at ~740USD, not ~120USD.
By ~120$ I meant the price for buying the whole ask side.
I don't think the trust issue is with CPIF but rather Sketis.
When will this periods buyback end btw.?

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #40 on: February 01, 2015, 07:23:24 PM »
The contract states directly after a dividend payment, however a buy back request will technically still be accepted as long as it is received before 12pm GMT on the first day of the month. Note that you might only get a reply on the next day, but to be clear an email received before 12pm GMT on the first day of the month will be accepted as a possible buy back request.

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #41 on: February 09, 2015, 08:00:05 PM »
CPIF as at the end of 2015/02/08:

Market Cap: 398.2LTC
FUM: 444.32LTC
Interest accrued: 1.16LTC

Please note that the market cap is as reported on Litecoininvest.

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #42 on: March 01, 2015, 09:13:37 PM »
Dividend payment for February:

Mkt Cap: 392.61 LTC
FUM: 400.84 LTC
Dividend paid: 2.031 LTC

Please note that the market cap is as reported on Litecoininvest.

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #43 on: March 15, 2015, 04:39:32 PM »
CPIF as at the end of 2015/03/14:

Market Cap: 362.26LTC
FUM: 385.34LTC
Interest accrued: 3.62LTC

Offline cpif_admin

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Re: [Litecoininvest] Credit Providing Investor Fund (CPIF)
« Reply #44 on: March 22, 2015, 01:37:53 PM »
CPIF as at the end of 2015/03/21:

Market Cap:  382.8LTC
FUM:  443.58LTC
Interest accrued:  7.17LTC