Welcome to the 2nd update of our new dividend cycle. This one is 5.6, and will be followed next week by 6.0 which will be DIVIDEND day.
How have things been going for Bluebook Investments over the last week?
It has been a bit harsh, with crypto currency prices all over the place (thanks in part to the investigation into price manipulation of Bitcoin being announced in the US), and as a result of this, the $USD valuation of the Company has taken another big hit. On the plus side, this enables us to move forward with other plans we have in the future (Bond Issuance, Share Buyback and moving into new investment areas) at a swifter pace.
There have been a few movements in the holdings of the Company, and they are detailed below
TROLL - Network weight rocketed from about 20,000,000 TROLL to over 100,000,000 TROLL in a very short space of time, and remained at this level for a sustained period. Due to this, it was decided that the best option for TROLL at this point in time would be to off-load the holdings of approximately 300,000 TROLL and invest into a more stable growth area.
DOGE - This has been increasing steadily, and is now over 1000 DOGE. This is a positive movement in $USD Value, as the fall in the price of DOGE has been offset by the increase in the holding.
ETHEREUM - The donated mining contract has ended (sooner than expected), and this is currently in limbo until the CASPER update of ETH, which may allow the funds to be transferred into another holding through Hashflare once the update has been fully implemented
STEEM/STEEM POWER/SBD - All 3 of these are providing a strong performance for the Company, and we are hoping that they will be in a position to partly (if not fully) compensate for the loss of the ZEC Mining income when the contracts come to an end. The CEO will be looking into ways to increase the holding of all 3 without having to limit or reduce the dividend payments
BCH - Still increasing slowly, but due to some technical issues on the Airdrips system (504 Error on website and also on widget), this has slowed considerably from the incredibly fast start which it experienced
ZEC - Still growing at a reasonable pace, and providing the largest part of disposable income for the Company. Mining contracts are going to start winding down within the next 2-3 months, so this will slow the rate of return. We are looking at possible investments to replace this part of our portfolio
BURST - Another 800 Shares were sold through the IPO, bringing in a total of 400 BURST for investment. This is currently being held until there is a larger balance
Moving on from this, the IPO has started to slow down, and we are looking into bringing it to a close. Any unsold shares will be held by the Company and will not receive dividend payments, continueing the current status quo. A share Buy-Back is being looked into, to allow those who wish to divest themselves of all or part of their holding to do so.
Once the Share Buyback is in place, and a sufficient number of shares have been removed from the open market, we will be further investigating a Corporate Bond Issuance to raise funds to expand the holdings of the Company in growth areas. The added liquidity that a Bond Issuance will bring will allow the Company to move swiftly into growth areas, and exit underperforming areas with ease without having to compromise stable parts of the holding
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