Payday

Assets sold, towers pulled down and ships parked in the hanger. 

This project is now officially over - thank you to all my investors who supported me with their money.

So lets start with a recap... This project began in May. FCV at the time had 13b of cash and assets and then sold 67 shares (at 1b a piece) raising 67b, bringing the total to 80b starting assets. 

For the sake of simplicity, I have since then assumed that I 'bought in' 13 shares as I provided 13b of the starting capital. That way I too would benefit from the profits. 

So in May 2012:

13 shares (13b) owned by Cheeba

67 shares (67b) owned by investors

So, let's start by looking at FCV's final financial statement first of all:

Summary:

It's been a good final month! The last month's profits come in at 40.9 billion ISK. This is higher than the month's 'actual' profits and is reflective of the fact that I had underestimated the value of some of the assets I was holding in previous month. Having sold all unwanted assets now from the the fulleride towers, I can confirm that the above values are indeed final and accurate. 

Overall - for the 22 odd weeks that this project ran, FCV generate 92.1 billion ISK of profit, more than I ever expected to be brutally honest. With the 80 billion ISK of starting capital, I averaged 16.54% increase in value each month and ended up more than doubling the value of FCV.

Payouts:

So, its time to repay my investors. Given the exceptional performance of FCV, I have decided that from the total profits of 92.1 billion ISK I will be taking a 20 billion ISK management fee in addition to the profit from my own investment. In addition, 2.1 billion ISK will be donated to Vaerah Vahrokha Emergencies Relief Trust. This leaves 70 billion ISK to be divided between investors as shown below:

Therefore, each FCV share's final value is 1.875 billion ISK. 

Payouts will starting happening over the next 24-48 hours.

ISK will be sent to the owners of the shares as I can see in the FCV corp wallet.

Thank you all for your support - and stay tuned for a potential new investment project in the near future ;)

Cheeba o/