Distribution of Proceeds
The various pools will see trading activity through the course of the month, on the last day of the month each pool will have the balance of available funds drawn down to $75,000. Pools will have various investments that have not been sold yet, those investments will not count towards the $75,000. If a pool has less than $75,000 for any reason (tied up in investments or lost money) there will be no draw down and no distribution for that pool that month. Pools will not comingle funds and are accounted for on a pool-by-pool basis.
*** Hypothetical examples: ***
Open Investments
ABC Coin = $2,500 Grape Token = $7,000 Shinny Coin = $1,000 Dog Adventure = $17,800
Cash on hand
BNB (BUSD value) = $149,000 Tether = $19,500 USDC = $11,500 ETH = $38,000
Total funds not tied up in investments
$218,000
Pool A starting cash balance for 7/1/23
$75,000
June draw down to be distributed from Pool A
$143,000
Open Investments
Audio = $10,000 HOT = $7,500 8pay = $9,000 inSure = $16,000
Cash on hand
BNB (BUSD value) = $14,000 Tether = $20,000 USDC = $16,000 Matic = $18,000
Total funds not tied up in investments
$68,000
Pool B starting cash balance for 7/1/23
$68,000
June draw down to be distributed from Pool B
$0
Last updated