lauantai 5. maaliskuuta 2016

November 1629 - Day 53-54

Today's business is to decide the participation to the last S-B22A conversion, which is closing in a few hours. Since the bid for the share is 2.8 mil and the ask for a SCI is 0.165 mil, it makes sense to convert up to 16:1, meaning 80*SCI.

Martti does not have that much to invest, however, with the previous level being 48*SCI for 6 shares. The markets are still wrecked after the sudden revaluation, and actually the forex is zooming on consitunously: XMR/BTC has tripled during the time Martti has been in town (or actually in less than 4 weeks!) and this is causing adjustments.


Being unwilling to sell to the dump, and unable to buy, Martti scrapes enough to buy the remaining amount until 48*SCI and consumes that for B22 shares.

After the dust settles, he will need to make preparations for paying back his loans, since the purchasing power of the sum borrowed is much higher now, and therefore raising it from operations is more difficult.

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