Realtime


Trading has been permanently frozen for the site wind down.


Trading has been frozen on this asset by the asset issuer.

SMIDGE.COM-A  operated by smidge  

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
0 -- -- -- -- -- -- -- -- -- -- 0 0 0    (0/0)



Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
0 -- -- -- -- -- -- -- -- -- -- 0 0 0    (0/0)

CALL Options Available For Purchase
(an option to purchase shares)
Option ID Expiration Qty Strike Premium/ea Cost/ea
None available...

PUT Options Available For Purchase
(an option to sell shares)
Option ID Expiration Qty Strike Premium/ea Proceeds/ea
None available...


Trade History
Date Type Quantity Price Total


Dividend History
Date Total BTC Shares BTC/Share Status



Smidge.Com Weekly Snapshot for August 4th Posted: 7 years ago

Smidge.Com Weekly Snapshot

Quick Summary:

What a week! The market was in constant, mainly downward motion, with several IPOs and significant numbers of coins moving between assets, causing quite a few ripples. We managed to finish strong however, increasing NAV by 5.37% and fund size by 17.06%. NAV per share is also up to 0.02541 (we are currently selling at 0.02). While having to build up a few assets from our six-fold increase last week, we managed to get some interesting purchase prices during this week. This should unfold and help increase our NAV as we move forward.

Balance Sheet:
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing (Please note that the format is not final, still tweaking a few things here and there. Columns "E" and "I" are hidden for a clearer view.)

More info at www.smidge.com or https://bitcointalk.org/index.php?topic=259772.msg2863491#msg2863491

 


Smidge.Com Weekly Report for July 28th, 2013 Posted: 7 years ago

Quick Summary:

We finished our first week very strong. After the announcement of the fund on July 21st, it's size increased more than six-fold (+508.03%), we made a first key investment and reached a 26.30% increase in value of original assets held.

Balance Sheet:
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing (Please note that the format is not final, still tweaking a few things here and there. Please note that column "E" is hidden for a clearer view.)

More info at www.smidge.com or https://bitcointalk.org/index.php?topic=259772.msg2818051#msg2818051

 


Smidge.Com invests in Ciphermine Posted: 7 years ago

Announcement - For immediate release

Smidge.Com invests in Ciphermine

Smidge.Com today announced that it has invested 2,500 shares of its own stock of "Smidge.Com A" in CipherMine, a virtual company currently listed on LTC Global, specializing in cryptocoin mining and high-performance computing. The deal was agreed upon in the first week after launch of "Smidge.Com A", a new fund that aims to become the largest digital currency fund by market capitalization.

Kate Craig-Wood, CEO of CipherMine, said, "I am excited to have some of our shares being included in this fund. Virtual crypto-securities are the next frontier of cipherspace financial innovation. As a busy individual with my various enterprises I am looking forward to being able to take advantage of the growth potential in this marketplace without the effort by investing in the fund."

Alex "Smidge" Metz, CEO of Smidge.Com, describes the move as "a long term investment into a promising company led by professionals in the space".

The two companies decided not to disclose financial details of the deal. The share swap will be completed during the week of July 22nd, 2013.

CipherMine (www.ciphermine.com) is a joint venture between leading British IT entrepreneur Kate Craig-wood (aka. woodtech), founder and CEO of Memset, Giles Russel (aka. evilscoop) the man behind EvilMiners, and Ross Martyn and Simon Weald; two systems administrators at Memset. It is listed on LTC Global (www.litecoinglobal.com), specializing in cryptocoin mining (BTC/LTC) and high-performance computing.

Smidge.Com A (www.smidge.com) is a virtual, actively managed, multi-asset digital currency fund announced on July 21st, 2013 by Smidge.Com. The fund is currently pre-IPO, offering direct shares to individuals and companies before going public. It aims to become the largest BTC investment fund by market capitalization.

 


No motions yet
Contract & Prospectus
Locked! This asset has been locked by the Asset Issuer.
Ticker MANAGED PORTFOLIO: SMIDGE.COM-A
Moderator Score 0  (0/0)
Moderator Votes YES 0 / 0 NO    (0 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)
Shares Outstanding 0 / 400000 Issued
Issuer smidge <alexander.metz@gmail.com>
Website http://www.smidge.com
Forum https://bitcointalk.org/index.php?topic=259772
Issuer Detail

Name: Smidge
Business name: Smidge.Com
E-Mail: smidge.com@gmail.com

Smidge.Com is the virtual entity that issues, operates and owns virtual, actively managed, multi-asset digital currency funds. Please go into the corresponding sections of this Contract & Prospectus for all necessary information. Please also visit our website and inspect our detailed business plan aswell as balance sheet(s) to become fully aware of the current status of what we do. Also, please note that the most current version of this prospectus is always to be found in our business plan.

Company Website URL: http://www.smidge.com

Location of current version of full Company Business Plan (pdf): http://www.smidge.com/data/files/smidge.com.business.plan.pdf

Balance Sheet (updated weekly):
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing

Contract

Introduction, Purpose of the fund

As the world of crypto currencies develops, many coin holders are looking for Return on Invest (ROI) on their coins. Because the environment is in constant motion, most of them do not have the time, expertise or funds to evaluate available and new assets, build and adapt strategies, chase the next big deal and react to changes in the market. On the other side, the expectation is still to generate maximum returns.

The purpose of Smidge.Com (“the fund”) is to allow investors to participate, in an overly proportional manner, in a diverse number of assets that exist in the crypto currency space, managed by experienced investors.

The fund holds assets in Bitcoin (BTC), Litecoin (LTC) and, to some extent, alternative crypto currencies (Altcoins). The fund may be supplemented by other assets, like hardware (not planned at launch). The Fund's portfolio will be public to show proof of ownership of underlying assets.

The fund is intended for mid- and long term investors looking to create value for their investments and maximize returns in the long term by leveraging the experience of the management team and the size of the fund.
Smidge.Com aims to become the largest BTC investment fund by market capitalization, building trust for investors, start-ups looking for capital and the digital currency community as a whole.

Executive Summary

Executive Summary, aka tl;dr

The purpose of the fund is to allow investors to participate, in an overly proportional manner, in a diverse number of assets that exist in the crypto currency space, managed by experienced investors. Several tranches (“Smidge.Com A”, “… B” etc.) are expected to be launched, offering existing shareholders discounted shares in advance.

Smidge.Com aims to become the largest BTC investment fund by market capitalization, building trust for investors, start-ups looking for capital and the digital currency community as a whole.

Business Description

The fund will primarily invest in BTC, LTC and, to a certain extent, Altcoin assets. This is done in order to maximize returns and issue those as dividends to investors on a regular basis.

The strategy is being executed by applying the expertise of the management team in the fund’s day-to-day operations. Additional activities that are difficult or not at all possible for the small scale investor will include:

-   Participating in bulk offers (auctions) of discounted shares
-   Approaching and participating in start-up operations pre-IPO (as venture capitalist and advisor)
-   Approaching individual shareholders for large, uncomplicated buyouts of private shares at a discount (avoiding auctions)
-   Expand influence in the assets by becoming large shareholders, occupying board seats and other positions with greater influence
-   Investing in direct shares, avoiding fees completely
-   Becoming a trusted entity and a contact point for advice- and capital-seeking start-ups in the crypto currency world

The combination of the fund’s efforts is expected to lead to an asset valuation that, in mid and long term, significantly outperforms the market.

The fund will initially be launched as “Smidge.Com A”, A hereby classifying the first tranche. Other tranches of the fund might be launched by the management team in the future, classified as “Smidge.Com B”, “Smidge.Com C” etc. with different areas of operation, strategies, assets and/or splitting of shares. Shareholders of the previous tranches will be offered discounted shares in advance. The management team will disclose the processes after successful IPO of “Smidge.Com A” and after new tranches are deemed necessary.

Definition of the Market

The fund holds assets in Bitcoin (BTC), Litecoin (LTC) and, to some extent, alternative crypto currencies (Altcoins). The fund may be supplemented by other assets, like hardware (not planned at launch). The Fund's portfolio will be public to show proof of ownership of underlying assets.

The fund is intended for mid- and long term investors looking to create value for their investments and maximize returns in the long term by leveraging the experience of the management team and the size of the fund.

Products and Services

A virtual, actively managed, multi-asset digital currency fund.

Organization and Management

Management team and personal commitment

Management team currently consists of Smidge as CEO, through whom most of the communication will be done. There are two shareholders of Smidge.Com consulting him in operations and finance, who have access to documents assuring the continuity of the fund in case Smidge catches a cold, gets hit by a bus etc.

Smidge’s ID, E-Mail and phone number have been verified with Mt.Gox and, to some extent, with burnside and bitcoin.de.

The management team/consultants personally know each other since several years and have worked and invested together on multiple occasions. They are obliged to each other and Smidge.Com through a legal binding contract.

The management team transferred an initial investment of 24.6349 BTC into the fund on July 21st, 2013. These assets, as well as any profits generated through them, will be part of the fund at its announcement date (July 21st, 2013). More physical and virtual assets (BTC, LTC, Altcoins, mining equipment…) are planned to be brought into the fund or it’s tranches at a later time as donation, for additional value without dilution of existing shares.

The size of the fund on August 9th, 2013 a few days before IPO was 302.8375 BTC.

 

Marketing Strategy

The fund seeks to regularly publish press announcements through the website and several other channels, where share buyouts, large investments and cooperations are announced. All involved partners in the activities are encouraged to do the same in order to achieve maximum coverage.

Especially IPO and other announcements (lanuch of new funds, pre-IPO share buyouts of securities) are being used as marketing instrument, aswell as possible acquiring of ad spaces after IPO to always maintain a certain level of coverage and word of mouth marketing.

Financial Management

Transparency is key. Here is the balance sheet (updated weekly):
https://docs.google.com/spreadsheet/ccc?key=0AgLGW6ARhmFLdDVyLUFPYjBHX0FIWWxXTy1Bc09uaVE&usp=sharing

The fund seeks maximum transparency by

-   fully disclosing all assets held in the fund regularly
-   disclosing all dividends accrued and paid
-   disclosing all management fees
-   operating a website at www.smidge.com for public information

Underlying assets of the fund

The management team will buy and sell previously mentioned asset classes in the best interest of the fund in its day-to-day operations in order to maximize returns. Shareholders can bring forward motions to add or remove assets to or from the fund at any time.
 
Cash Reserve

A portion of the fund will be held in BTC. The cash reserve will be used to balance the fund, for investments and to offer share buybacks.

Dividends

Dividends will be paid from earnings accrued from the underlying assets of the fund. Additional dividends might be paid from earnings out of trading activities. A portion of earnings might be reinvested into assets.
Dividends will be paid weekly, usually every Sunday. Additional dividends might be paid at any time if deemed necessary.

Net Asset Value

The Net Asset Value (NAV) is the value of all assets in the fund plus the BTC reserve. The NAV per share is the value divided by number of shares outstanding. This is also known as NAV/U.

Management Fees

Management team will be compensated with 4.5% of all dividends paid. No other fees, except mandatory transaction fees for securities or currency transfers, will be charged.


ʡ = Recent Notification or Pending Motion, ʬ = Recent Contract or Prospectus Change