This report covers Pizarro finances for the month of September throught the closing of the venture.
..::[ Pizarro Pre-Closing Statement ]::..
September BTC Incoming and Outgoing +-------------------------------------------------+---------------+------------+ | | INCOMING | OUTGOING | +-------------------------------------------------+---------------+------------+ | Fiat Purchase | | 0.131 | | Fiat Purchase | | 0.123 | | Fiat Purchase | | 0.121 | | Fiat Purchase | | 0.127 | | Manager Salary Paid September 1st | | 1 | | Colocation+shared Monthly | 0.01645328 | | | Shared Hosting Monthly | 0.00200000 | | +-------------------------------------------------+---------------+------------+ +-------------------------------------------------+---------------+------------+ | | 0.01245328 | 1.502 | +-------------------------------------------------+---------------+------------+ October And Later BTC Incoming and Outgoing +-------------------------------------------------+---------------+------------+ | | INCOMING | OUTGOING | +-------------------------------------------------+---------------+------------+ | Fiat Purchase | | 0.151 | | BingoBoingo Parachute | | 0.25 | | Colocation Monthly | 0.01441652 | | +-------------------------------------------------+---------------+------------+ +-------------------------------------------------+---------------+------------+ | | 0.01441652 | 0.401 | +-------------------------------------------------+---------------+------------+ USD Incoming and Outgoing: September And Beyond +-------------------------------------------------+---------------+------------+ | | INCOMING | OUTGOING | +-------------------------------------------------+---------------+------------+ | Purchased Fiat | 1209 | | | Purchased Fiat | 1209 | | | Purchased Fiat | 1209 | | | Purchased Fiat | 1209 | | | Purchased Fiat | 1209 | | | Electricity | | 77 | | Electricity | | 69 | | Apartment | | 447 | | Apartment | | 441 | | Apartment Common Costs | | 74 | | Apartment Common Costs | | 70 | | Apartment Fiber Internet | | 41 | | Apartment Fiber Internet | | 40 | | Local Taxes | | 186 | | Local Taxes | | 183 | | Accountant | | 72 | | Accountant | | 71 | | Cowork | | 178 | | Cowork | | 178 | | Per diem | | 750 | | Per diem | | 775 | | Damned Basement Closet | | 2835 | | Damned Basement Closet | | 2835 | | Tools and Packaging | | 142 | | Postage | | 57 | | Printer | | 125 | | Legal Fees | | 167 | +-------------------------------------------------+---------------+------------+ | | 6045 | 9813 | +-------------------------------------------------+---------------+------------+ Fiat Assets +---------+------------+------------+------------+ | Account | 09/01/2019 | Net Change | 10/31/2019 | +---------+------------+------------+------------+ | USD | 5923 | -3768 | 2155 | +---------+------------+------------+------------+ | DC USD* | 1538.58 | Uncertain* | Undefined* | +---------+------------+------------+------------+ | UYU** | 44900 | 0 | 44900 | +---------+------------+------------+------------+ * DC USD Unlikely to be recovered economically, legal action in pursuit of the balance is at best likely to be a breakeven affair, but will be pursued to the extent a world improving punative effect can be economically realized ** Peso Balance held as a rental guarantee, only recoverable by renting through the end of the contract in June 2020 Tangibles +--------------+-------+------------+----------------------+--------------------------+ | Item | QTY | Book Value | monthly depreciation | last depreciation period | +--------------+-------+------------+----------------------+--------------------------+ | FUCKGOATs | 28 | 0.38888892 | n/a | n/a | | USD* | 2155 | 0.23681319 | n/a | n/a || | SSD, unused | 7 | tbd | n/a | n/a | | SSD, used | 1 | tbd | n/a | n/a | +--------------+-------+------------+----------------------+--------------------------+ | | | tbd | | | +--------------+-------+------------+----------------------+--------------------------+ * USD value based on recent local trade at 9100 USD/BTC Due to Pizarro closing everything unclaimed in the inventory is available for claims or sale Pizarro Assets +------------------+-------------+--------------+---------------+ | Account | 09/01/2019 | 10/31/2019 | Net Change | +------------------+-------------+--------------+---------------+ | Cash | 6.89291164 | 5.01678144 | -1.8761302 | +------------------+-------------+--------------+---------------+
Pizarro has numerous tangible assets to be disposed of in its inventory. Not every inventory item in my present care is Pizarro's to dispose of.
Of the items in my possession the two "dulaps" and the FUCKGOATS installed therein are being auctioned as part of the S.NSA closing.
The Dell server and its pair of power supplies are of the Bitcoin Foundation.
Trinque has title and right to determine the disposition of his dual server chassis and two FUCKGOATS.
Other items in the inventory are candidates for liquidation or disposal to the extent economically feasible. The most lucrative venue for disposing of most of the materials appears to be the local market in Uruguay, but I will entertain proposal for auction in the forum. Under no conditions will I entertain keeping a sale going on a timeline that prevents the clean closure of Pizarro by 23:59 UTC November 30th, 2019.
Costs associated for taking possession of materials are on the buyer. Persons wishing to retrieve purchased items in person are strongly encouraged to do so by December 15th, 2019. Due to my need to conduct a transnational job search, I cannot commit with certainty to being in Uruguay later than that date no matter how probable the outcome where I am still in Uruguay later may be.
If by some means the operators of the damned basement closet pay before November 30th, the sum will be considered in the assets and its disposition open to consideration by the forum.
Pizarro Liabilities
Debts:
Pizarro has the following debts with certainty:
0.9 BTC owned to S.NSA
1 BTC owed to The Bitcoin Foundation, at some point this had fallen off of the monthly statements for reasons seemingly associated with the early notekeeping mess.
The 0.25 BTC allocated for the "parachute" seems to have been incurred with such certainty I put it in the outgoing table, but I am open to hearing disputes.
Pizarro has the debt claims I wish to enter against it:
0.25 BTC Prorated Manager salary from September 1st 2019 through November 30th, 2019.
Fiat from the pile sufficient to cover expenses through November 30th, 2019 for the reason that simply leaving the servers and tangibles on a corner for the benefit of the local pichis appears a concrete moral wrong.
Pizarro has the following outstanding customer equity to be paid out:
mircea_popescu:
S.MG 0.31271724
S.NSA -0.03065976
Bimbo.club 0.0072
billymg:
Rockchip 0.00629142
mod6:
Rockchip 0.10599466
Shared 0.0072
mats:
Shared 0.0144
lobbes:
Rockchip and Shared 0.00964994
diana_coman:
Rockchip 0.08691609
Shared 0.018
dorion:
Rockchip 0.01066642
Mocky:
Shared 0.0072
cruciform:
Shared 0.0072
PeterL:
Shared 0.0126
Thimbronion:
Shared 0.0198
Total Outstanding Customer Equity:
0.62583577 or 0.59517601 Depending on whether the unpaid months dulap was colocated ought to be charged against Mircea Popescu or not
For the purpose of calculating these balances, it was assumed September 2019 was the last month Pizarro provided services.
Customers with zero or negative balances for unpaid invoices are omitted from this list for the preceived futility of collection.
The only customers who have not been present since Pizarro's fate was determined are cruciform and Mocky.
Customers are encouraged to check these figures against their own records and raise any disputes.
Shareholder Equity
At this point 2.27160543 Bitcoin survive in the cash account provided my claim for pro-rated salary and the Pizarro estate claim for unpaid dulap colocation survive in the forum.
Whatever value in denominated in Bitcoin can be received from disposing of Pizarro tangibles will add to this sum. It is unlikely intangibles can be disposed of for any sum.
The shareholders are:
mod6 who contributed 10 BTC of capital over two rounds of 5 Bitcoin each.
asciilifeform who contributed 8.64616051 with 5 Bitcoin in the first round, 3 Bitcoin in the second round with the promise to satisfy the remainder through hardware and fiat contributions. To this end he contributed 0.64616051 Bitcoin worth of fiat as recorded in the April 2019 report.
To this end the two shareholders tentatively hold the following coefficients of equity:
mod6 0.53630344
asciilifeform 0.463696561
The two are invited to discuss the matter of how they split the remains among themselves.
Coda
I submit this Pre-Closing statement for review, with the intention of closing all outstanding points by the end of November 2019, UTC. For practical reasons, the logistics of buyers collecting tangibles may be open longer and the making of arrangements for their deliver may last longer.
Those silent through the final closing of the books will have their customer equity paid to their deedbot accounts, where it will wait for them. I will not entertain any substantive questions on the Pizarro books after November 30, 2019 23:59:59 UTC. All good faith claims should be brought in time to allow resolution before the deadline.
Addition to the customer equity:
Whaack
Shared 0.0108
Addition to the customer equity:
danielpbarron
Shared 0.0126
The numbers are AFAIK correct.
I would like to request an Auctionbot auction of the Piz-owned irons prior to an orc-powered disposal -- one per major item, or as batch, at your option; with the understanding that buyer is responsible for retrieval expense.
Noted, if there aren't any objections, I would like to try opening bidding Thursday for a one week auction on each 1U server and on FUCKGOATs split into sane lot sizes. Please let me know if you perceive anything else on the inventory merits an auction line.
Re: the anything-else : the (unused) disks.
Yes, the unused disks, the Rockchips, etc. Tomorrow I will publish on the blog a set of auctions with reserve prices set to reflect things being "priced to sell quickly" on the local market. I want mod6 as the majority shareholder to review and approve the proposed auctions. To give him time to reflect on the matter, it may not be until Friday that I can responsibly fire off the !Xsell commands.
It occurs to me that I failed to make explicit that the S.NSA unpaid months would be charged against the S.NSA bond rather than as a general charge against Mircea Popescu's collected customer equity.