Market Discussions

cheater ....

The reason "Why" im donating is: (refer RAW23 Post.)

2) I'm donating less than the worth of a plex card.

4) Mainly, I believe (correct me if im Wrong) He actively using the funds & Reporting monthly.

7) to generate some positive advertising of this fund, and be part of its history.

Ill chat more with you online Alex, thanks for replying.

Welcome back!

Year 2013, new donations and new balance sheet


General considerations

VAERT is entering its third year of operation. Despite the quite quiet approach it is keeping, the Fund is still growing strong by each passing month.

This is thanks to RAW23's 35B long term donation which is accruing monthly interests through Grendell and to Barakach plus Trader CiCi who are relentlessy sending donations as ISK comes available.


Balance sheet

Times are changing and so the Fund is adapting to them.
From a basically static accounting based on "end of the month snapshots", VAERT is transitioning to a dynamic model. This is due to the introduction of an equity component due to recurring incoming rates off Grendell and due to the switch from a "shapshot" accounting model to one able to take into account unrealized profits.

This change will make the balance as clear and as detailed as possible.

In particular, the 2013 balance is going to show:

1) The current Fund consolidated wallet (about 23B).
2) The long term receivable income, currently it's the RAW23 donation capital, that is 35B.
3) The short term receivable income (812.5M), already written as included in the NAV. This is the total of the outstanding donations updated at the date of the current month balance publication. These are the donations that have yet to be consolidated in the Fund wallet for the next month. They are basically in "queue".
4) The Sister Funds NAVs, as communicated by the Sister Funds Managers. Notice how it's up to them to keep my records updated, if I don't get a record by the time of balance sheet publication, the old value is reprinted.


The rules

Nothing changed, operationally speaking.
In case of RL Emergency CCP initiative, the following happens:

a. ISK listed at 1) and 3) are the immediately available liquids, they get sent to CCP.

b. ISK listed at 2) depends on Grendell. It's a long term receivable that used to be a RAW23 investment, therefore it might be locked into some of Grendell's business.
Once the investment comes close to maturity I will negotiate with Grendell and see if other terms may be met.
I really desire to keep the investment running, as a stable 600M+ per month interest income is nothing to scoff at, but I also understand if some people would prefer to make it possible to completely take it off and send to CCP in case of emergency.

I am open to suggestions on this: immediate take of 35B to convert to PLEX or renew the investment to have a rolling 600M a month? Of course the usual hard law applies: once ANY ISK enters the fund (including the 35B) it cannot EVER leave for ANY reason except to be sent to CCP. That's why I can't "swap" the 35B or anything, once they are gone in the Fund, they are forever unavailable to future investment.

c. ISK listed at the Sister Funds can't be managed or sent by VAERT. Therefore - as usual - in case of RL emergency I will send the Sister Funds Managers an EvE-mail requesting their ISK to be sent to CCP. The rest is all on their hands.

Confirming receipt of 272,859,572 ISK through VAHFT free-for-VAERT-donations passthrough brokering.

I suppose that a RL disaster has to happen first, then CCP would create the devblog for it.
If anyone volounteers to open a ticket with CCP and ask about it, ATM I have my two open and looking at how slow they are replying I am not going to be able to open another for some more weeks to ask them.

Hey VV,

If you want to go over the details pertaining to the funds 35b investment, let me know when you are available. We can also just discuss it through mail if we can't find the time for a convo.

I would cancel my internet sub for that ..... just saying.

Thank you!

Hey VV like you advised me I asked CCP about plex for good.I suggested to ccp that they make it pernament thing I also got answer in a petition that they will forward my suggestion to the right people.Fingers crossed.